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← Mindfulness In Schools Project

2024-08-31-accounts

Charity number: 1168992 Company number: 07038233

Mindfulness in Schools Project

Report and Unaudited Financial Statements

31 August 2024

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Mindfulness in Schools Project

For The Year Ended 31 August 2024

Reference and Administrative Details 1
Report of the Trustees 2
Aims and Objectives
Activities and Achievements
Plans for the Future
Financial Review
Structure, Governance and Management
Statement of Responsibilities of Trustees
Independent Examiner’s Report 11
Statement of Financial Activities 12
Balance Sheet 13
Statement of Cash Flows 14
Notes to the Financial Statements 15 - 25

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Mindfulness in Schools Project (MiSP)

Reference and administrative details

For the Year Ended 31 August 2024

_____________ Company Number 07038233 Charity Number 1168992 Registered Office Bank House Bank Street Tonbridge Kent TN9 1BL Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: David Bleakney Richard Burnett (Chair) Natalie Dunn Alan Lee (resigned 1 March 2024) Maureen MacLeod (Vice Chair) Secil Muderrisoglu Jason Steele Caroline Wilson (resigned 29 April 2024)

Chief Executive Officer Emily Slater Bankers HSBC 100 High Street Tonbridge TN9 1AN Independent Examiner Baxter and Co Lynwood House, Crofton Rd, Orpington BR6 8QE

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Mindfulness in Schools Project (MiSP)

Report of the trustees

For the Year Ended 31 August 2024

____________

The Trustees present their report along with the financial statements of the charity for the year ended 31 August 2024.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended practice – Accounting and Reporting by Charities (effective from January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

In our Memorandum of Association, our objects are listed as:

Mindfulness in Schools Project (MiSP) aims to give every child – and those who care or work with them – an introduction to mindfulness and its lifelong benefits, helping them to manage difficulty and flourish. We do this by:

MiSP is built on three interlocking areas of work: support of frontline (mindfulness) educators in schools and other educational settings; awareness raising of mindfulness and its relevance including in policy and influencing; engagement with our educational community, teachers, children and young people, at the heart of everything we do.

Training delivery

Through the work of our staff team and associate trainers we offer training and practical support to teachers and other educators, including parents, both in their own mindfulness practice and to be able to introduce mindfulness in their school settings. We offer this service to educators wherever they are in the world. We work in a variety of ways that include:

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Raising awareness of mindfulness and its relevance, including in policy and influencing

For many the word ‘mindfulness’ gives rise to misconceptions, particularly if they have not experienced it. Much of our work includes creating ways to explain mindfulness and its relevance in ways that are accessible to diverse audiences.

The unique insights we gain from delivering mindfulness training and support to educators in schools and equivalent settings, alongside the lived experience of those in our education (Hub) community and the children and young people they serve, shapes our ability to give a voice to this work, including in policy and influencing opportunities. We are the go-to place for journalists, politicians and others seeking to understand mindfulness in an educational context from an on-the-ground perspective.

Engagement

Educators who have completed our training can often feel passionate about mindfulness but isolated in their school setting. We also know that committing to a regular mindfulness practice can be made easier through ongoing support and being part of a community who are similarly engaged.

Teachers and other educators who train to Teach our introductory course to children and young people are invited to become members of our online Hub community. This gives ongoing access to our teaching materials as well as free access to our support and other events. Members of the public with an interest in this area are also able to access events, usually with a charge. Children and young people’s experiences and those of their teachers are collated post training as well as via speaking and other opportunities.

Our Hub community comprises over two thousand MiSP trained educators, and our Youth Ambassador programme a dozen children. Our general mailing list is now over 10,000.

ACHIEVEMENTS AND PERFORMANCE

Significant activities

We continued to deliver frontline support and training to (mindfulness) educators who in turn support children and young people from ages 3 – 18. This was via our introductory course (‘.begin’); our Train to Teach courses (for our ‘dots’, ‘Paws b’ and ‘.b’ curricula), as well as our School Mindfulness Lead (SML) course to help leaders establish mindfulness in their educational settings in a sustainable way. Our world leading courses and curricula, designed by teachers for teachers, were in the main delivered online and in English. Via our local partners, we also delivered training in languages other than English in Hong Kong, Japan and the Netherlands. We were also delighted to offer Present for Schools courses after forming an official collaboration with The Present CIC.

MiSP continued to finance courses through a combination of fees directly from individuals and schools, as well as increasingly securing grant and other income to subsidise places, particularly for schools in the UK with higher-than-average free school meals, pupils with English as an Additional Language and / or Special Educational Needs.

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"I believe children really respond to the science about the brain and it helps them to understand why they feel, think, react, respond in the way they do - I really believe in this curriculum and feel it should be statutory, with staff living and breathing it too as that's where you really see the difference." MiSP trained teacher

The training we offered:

From 1[st] April 2023 – 31 March 2024 we provided training to teach our curricula to 215 educators (plus additional training to others outlined below), to reach an envisaged and estimated 5,784 children and young people[1] :

The impact of our work

Evaluation data collected this year from 48 feedback forms completed by educators, and 1,324 class impact forms completed on the basis of observing impact on children and young people showed that:

Awareness raising, including in policy and influencing

In addition to being invited to present at the Manchester Mindfulness Festival (October 2023), this year we worked closely with Esther Ghey, mindfulness practitioner and mother of

1 Please note that given time points in the year and length of trainings, it is most accurate to detail the numbers of educators booked onto our courses during this year as some are still in the process of completing.

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Brianna Ghey who was tragically murdered in Warrington in February 2023. Esther initially approached MiSP keen to fundraise to ensure a fitting legacy for Brianna; her ‘Peace in Mind’ campaign went on to raise sufficient funding for every school in Warrington, Brianna’s hometown, to train at least one teacher in mindfulness.

In the political sphere, Esther Ghey’s MP, Charlotte Nichols, successfully secured a ‘Westminster Hall debate’ on mindfulness in schools on 7th February 2024. This raised the profile in parliament, leading to MiSP accompanying Esther at meetings about costings for a potential national roll out with then leaders of the opposition, Kier Starmer and Angela Rayner, as well as the then Prime Minister, Rishi Sunak.

Esther’s media profile grew dramatically, as did the opportunities to raise awareness about mindfulness and its benefits for schools. MiSP was mentioned and even featured in a range of UK broadsheets. BBC Breakfast included film of our ‘dots’ curriculum (for 3–6-year-olds) in a Liverpool primary school, as well as several interviews with Esther and MiSP.

Our increased profile during this period also coincided with an invitation from the International Mindfulness conference in Bangor to convene a high-profile post-conference day on mindfulness and young people (August 2024). MiSP created and launched at this event a new short film ‘Bringing Mindfulness in Schools to Life’.

The above developments required considerable coordination and nimble resourcing. Towards the end of the year, we were honoured when Esther Ghey agreed to take on an official ambassadorial role for the charity.

Engagement and support

The number of trained educators within our ‘Hub community’ was 2,238 with the following engagement and support offered:

We were pleased to able to find resources to initially scope and then employ a freelance Youth Voice Coordinator, herself a Youth Ambassador, Emily Brierley. This helped to lay important foundations for a strengthened youth voice within the organisation.

We also welcomed a new Youth Ambassador, Ethan:

‘I aspire to help make mindfulness more accessible to young people regardless of their background or prior experiences. I believe that as MiSP Ambassador, I can voice the benefits mindfulness has had on my life, and hopefully encourage more young people to give it a go themselves.’

We further developed our ‘Pathways framework’, albeit at a slower rate than envisaged given the unplanned activity with Esther Ghey and subsequent work; also, the positive development of forming a collaboration with the Present CIC and subsequent development time required to incorporate the Present for Schools curriculum into the framework. The Pathways framework supports individuals in their own development of mindfulness practice and educational/youthrelated settings. It helps them to introduce mindfulness as part of a wider approach to organisational wellbeing in a well-designed and sustainable way.

We are immensely grateful to our funders for their generosity; and to our wonderful staff and associates who enable Mindfulness in Schools Project (MiSP) to develop and thrive.

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Statement on public benefit

The trustees confirm that they have complied with the Charity Commission’s general guidance on public benefit and aims of Mindfulness in Schools Project (MiSP) are for the greater good.

FINANCIAL REVIEW

The Statement of Financial Activities (SoFA) for the year shows an overall surplus of £87,047 (2023: surplus of £72,944) arising from total income of £467,826 (2023: £367,785) and after charging amortisation and depreciation of £1,519 (2023: £2,409).

Total income for the year to 31 August 2024 was 27% higher than the prior year (2023: 20% lower), primarily due to a £129,088 increase in donations and legacies, in large part due to Esther Ghey’s Peace in Mind fundraising activities with a particular focus on Warrington, UK. These were used to deliver targeted courses.

Total expenditure for the year to 31 August 2024 was 29% higher (2023: 6% lower) than the prior year at £380,799 (2023: £294,841) consisting of:

We received funding this year from CHK Foundation, Towergate, Reta Lila Howard Foundation, Peace in Mind campaign, Garfield Weston Foundation, Bukhman Family Foundation, Louis Sterne Trust, Joyce Green Association and JP Jacobs Charitable Trust plus many individuals.

We would like to thank all of our supporters.

Balance sheet

Net current assets increased by £87,046 to £371,857 (2023: £283,292). Total reserves increased to £371,857 in the year (2023: £284,811), reflecting the operational surplus. This included an increase of restricted reserves of £102,199 to £159,836 (2023: 57,637). 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

As in previous years, 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 2024-25 is approximately £450,000 and therefore the target level of unrestricted reserves is £225,000 to £338,000.

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Unrestricted reserves available to the charity at 31 August 2024 of £232,000 are at the lower end of this target range, however approximately £100,000 of restricted funding should become available towards budgeted expenditure through future course delivery.

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

Going concerns statement

The trustees have reviewed the budgets for the 2024/25 financial year, including reserves and secured income and consider there to be sufficient funding secured to prepare these accounts on a going concern basis.

Principal risks and uncertainties

The trustees have a risk management strategy involving an annual review of the major risks to which the charity is exposed and the approval of systems and actions for managing and mitigating them. A risk register is produced, updated at least annually and reviewed at Board meetings. The register sets out the key risks for the organisation including:

Key areas of risk that have been identified, along with mitigating actions, are as follows:

Strategy planning

Given the uncertainties in funding and school budgets, MiSP continued to work to a set of annual priorities (a decision initially taken following a Sustainability Review in 2021-22). This year, however, the ‘Consolidation’ priorities (2022 -23) became ‘Foundational’, i.e. intended to build the foundations for a strategy in 2024-25 that can look beyond 12 months. These ‘Foundational’ priorities focused on 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.

As a result of work achieved, the decision was taken during the year to develop a 2 Year strategy, September 2024 – August 26 with four main pillars: Accessibility (to evidence-based mindfulness for children and young people); Sustainability (of the work); Sharing (MiSP’s expertise), and Inclusion (wherever participants are based in the world).

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Equality, Diversity and Inclusion (EDI)

During this year, MiSP worked hard to attract external funding from UK funders for training at subsidised rates, especially for UK schools with higher-than-average free school meals, pupils with English as an Additional Language and / or Special Educational Needs. MiSP had initial success but as the year progressed, funders expressed a sense of overwhelm in the number of charities submitting (strong) applications. As part of the new strategy, the decision was taken to explore proactive ways to market training to those that have resources including internationally, thus both expanding the reach of our work and providing much needed income.

MiSP updated its introductory video material, ‘Bringing Mindfulness in Schools to Life’, with more representation reflective of the diversity of children and young people and their educators in terms of school type, socioeconomics, gender and ethnicity. To aid accessibility, this video was also subtitled. Looking ahead, subject to funding, we aim to capture footage with our international partners, as well as more diverse children and young people.

We continued to collect EDI specific data from our community, particularly those attending our courses. The typical demographic of teachers enrolling on our courses continued to be predominantly female, middle aged, able-bodied, white British. Whilst this is also the predominant demographic of UK teachers, MiSP’s Board, as reported in 2022-23, had an action to explore this further, including in conjunction with its Governance Code compliance. Three things emerged from this process: a) ensuring a new planned website feels and looks as inclusive as possible; b) resources sought at the point any new trustees are on board to facilitate an EDI review process for the organisation; c) EDI processes with regard trustee recruitment to be reviewed in upcoming call for new Board members.

Plans for the future

2024-25 looks set to be busy as MiSP continues its training, support, awareness raising and fundraising activities. We are also scoping and commissioning work to increase the accessibility of MiSP’s offer via a new website and simplified course applications processes.

Work with Esther Ghey will include ensuring the successful implementation of the Peace in Mind funded teacher training in Warrington via a Theory of Change framework.

Our Pathways work will continue with the development of steps 3, 4 and 5. An integral part of this will be refreshing our Youth Ambassador programme and youth voice.

Whilst committed to maintaining quality, MiSP will continue to explore creative ways to reduce the cost barrier (for many) to access our training. In addition, we will provide explicit examples of training educators across the globe, celebrating existing partnerships in Hong Kong, Japan and the Netherlands, and working towards new international ones.

Given we have trustees coming to the end of their term, 2024-25 will involve recruitment of new Board members. Likewise, to have sufficient human resources for our new strategy, including managing relationships with funders and exploring international partnerships, a senior staff member and / or specific relevant consultancy support is likely to be sought.

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.

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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.

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. Trustees serving during the 2023-2024 financial year are listed in the above Reference and Administrative details section.

Key management personnel

Day to day management of MiSP is delegated to the CEO, Emily Slater, and team of staff of 5 (2023: 5). Although MiSP has a registered address in Tonbridge, staff work mainly from home and minimal resources are used for office and meeting costs.

THANKS

As ever, trustees are immensely grateful to our staff and ambassadors for their commitment and dedication. We would also like to thank our funders for their ongoing support of our work.

Statement of responsibilities of the trustees

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.

Independent examiners

Baxters were appointed as independent examiners to the charitable company during the year following a review by trustees of independent examiners.

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This report was approved by the trustees on 11[th] March 2025 and signed on their behalf by:

Richard Burnett - Chair

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Mindfulness in Schools Project – Company number 07038233

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the charity trustees on my examination of the accounts of the Mindfulness in Schools Project (MiSP) for the year ended 31 August 2024.

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 Accountants

Lynwood House Crofton Road Orpington Kent BR6 8QE

Dated: 18 / 03 / 2025

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MINDFULNESS IN SCHOOLS PROJECT

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024

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----- Start of picture text -----
General Restricted Total Total
Funds Funds Funds Funds
2024 2024 2024 2023
£ £ £ £
Note
Income from:
Donations and legacies 3 37,708 180,607 218,315 89,225
Charitable activities 4 245,107 - 245,107 275,953
Investments 4,404 - 4,404 2,606
Total income 287,219 180,607 467,826 367,785
Expenditure on:
Charitable activities 5 227,521 98,408 325,929 262,461
Raising Funds 8 54,851 - 54,851 32,379
Total expenditure 282,372 98,408 380,780 294,841
Net income and net movement in funds 4,847 82,199 87,046 72,944
Reconciliation of funds:
Total funds brought forward 227,174 57,637 284,811 211,867
Total funds carried forward 14 232,021 139,836 371,857 284,811
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MINDFULNESS IN SCHOOLS PROJECT

BALANCE SHEET AT 31 AUGUST 2024

Note
Fixed assets
Intangible assets
10		 £ 2024
£
-		 £ 2023
£
1,519
Current assets
Debtors
12
Cash at bank and in hand		 45,871
380,315		 - 42,759
338,604		 1,519
Creditors:amounts falling due within
one year
13		 426,186
( 54,329)		 381,363
( 98,070)
Net current assets 371,857 283,292
Total net assets 371,857 284,811
Charity funds
14
General Funds
Restricted Funds		 232,021
139,836		 227,174
57,637
Total funds 371,857 284,811

For the financial year ended 31 August 2024 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

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MINDFULNESS IN SCHOOLS PROJECT

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024

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----- Start of picture text -----
2024 2023
£ £
Note
Cash flows from operating activities:
Net cash provided by operating activities A 37,307 57,118
Cash flows from investing activities:
Investment income 4,404 2,606
Change in cash in the period 41,711 59,724
Cash at the beginning of the period 338,604 278,880
Cash at the end of the period 380,315 338,604
A. Net cash provided by operating activities
2024 2023
£ £
Net (expenditure) / income per statement of financial activities 87,046 72,944
Depreciation and amortisation 1,520 2,409
Investment income ( 4,404) ( 2,606)
(Increase)/ decrease in debtors ( 3,112) ( 18,548)
(Decrease)/ increase in creditors ( 43,743) 2,918
Net cash provided by operating activities 37,307 57,117
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MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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.

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MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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.

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MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

3
Income from donations legacies and grants
Reta Lila Howard Trust
Louis Sterne Trust
CHK Foundation
Towergate Insurance
Menka Sanghvi
Private donations in memory of Brianna Ghey
Bukhman Family Foundation
Garfield Weston
J P Jacobs Charitable Trust
Joyce Green Association
Ardonagh Community Trust
Other private donations
Gift Aid
Restricted donations of £82,532 were received in 2023
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Income from charitable activities
Mindfulness training programmes:
.b
Paws b
.begin
dots
.breathe
.b Foundations
The Present
Hub
Workshops
Other
Consultancy and speaking		 Unrestricted
Funds
2024
£
-
-
-
-
-
-
20,000
-
4,000
2,400
-
9,765
1,543
37,708		 Restricted
Funds
2024
£
25,000
-
30,321
5,000
-
86,446
-
20,000
-
-
5,000
-
8,840
180,607		 Total Funds
2024
£
25,000
-
30,321
5,000
-
86,446
20,000
20,000
4,000
2,400
5,000
9,765
10,383
218,315
Total Funds
2024
£
76,884
61,217
19,467
24,790
7,582
21,077
620
32,590
-
110
770
245,107		 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

There was no income attributable to restricted charitable activities in 2023

17

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MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

5
Expenditure on charitable activities
Mindfulness training programmes:
.b
Paws b
.begin
dots
.breathe
.b Foundations
The Present
Hub
Workshops
Conference expenses
Other
Consultancy and speaking		 Direct costs
2024
£
60,041
42,864
26,827
14,366
4,850
16,435
772
55,785
275
-
-
69
222,284
Note 6		 Support costs
2024
£
31,811
25,327
8,054
10,256
3,137
8,720
1,143
13,483
-
1,714
-
-
103,645
Note 7		 Total Funds
2024
£
91,852
68,191
34,881
24,622
7,987
25,155
1,915
69,268
275
1,714
-
69
325,929		 Total Funds
2023
£
76,733
52,725
35,858
18,382
3,890
16,590
58,034
75
-
175
-
262,461

There was no expenditure attributable to restricted charitable activities in 2023

6
Direct costs
Staff costs
Note 9
Trainer fees
Printing, stationery and materials
Curricula development costs
Travel costs
Consultancy
Professional fees
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
Professional fees
Travel, accommodation and subsistence
Governance costs:
Independent examination fee
Legal fees
Board development		 2024
£
146,654
44,005
84
1,432
3,908
19,563
2,078
4,560
222,284
2024
£
43,761
4,940
4,905
5,246
4,259
15,091
1,519
1,360
12,648
1,724
2,517
887
4,788
103,645		 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

18

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MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

8
Raising Funds
Staff costs
Note 9
Consultancy
Professional fees
Charity event costs
Resources
Fundraising fees
Other office costs
Travel, accommodation and subsistence
9
Staff costs
Gross salaries
Employer's National Insurance
Employer's pension contributions
The average number of employees on a headcount basis was 5 (2023: 5)		 2024
£
32,250
11,258
7,809
-
-
2,468
206
860
54,851
2024
£
197,150
15,823
9,692
222,665		 2023
£
29,465
1,729
-
153
179
853
-
-
32,379
2023
£
180,423
13,775
8,685
202,882
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 2024
Nil		 2023
Nil
10 Intangible fixed assets
Cost Website &
CRM System
£
At 1 September 2023 109,753
At 31 August 2024 109,753
Amortisation
At 1 September 2023 108,233
Charge for the year 1,520
At 31 August 2024 109,753
Net book value
At 31 August 2024 -
At 31 August 2023 1,519
12 Debtors 2024 2023
Trade debtors £
43,812		 £
40,041
Prepayments 2,059 2,718
45,871 42,759

19

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MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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		 2024
£
26,983
5,481
12,986
8,879
54,329
62,734
( 62,012)
18,717
19,439
12,865
( 12,865)
7,544
7,544		 2023
£
75,599
5,255
6,478
10,738
98,070
42,396
( 32,843)
53,181
62,734
33,810
( 20,945)
-
12,865

20

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MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

14 Analysis of movement between funds

Unrestricted funds:
General funds
Restricted funds:
Donations
CHK Foundation
Garfield Weston
Louis Stern Trust
Reta Lila Howard Trust
Towergate
Unrestricted funds:
General funds
Restricted funds:
Donations
CHK Foundation
Reta Lila Howard Trust
Louis Stern Trust
Menka Sanghvi		 Brought
forward
balance at 1
September
2023
£
227,174
26,387
-
-
10,000
21,250
-
57,637
284,811
Brought
forward
balance at 1
September
2022
£
211,868
-
-
-
-
-
211,868		 Income
£
287,219
100,286
30,321
20,000
-
25,000
5,000
180,607
467,826
Income
£
287,219
37,708
9,645
25,000
20,000
1,500
82,532
367,785		 Expenditure
£
( 282,372)
( 35,846)
( 30,321)
-
( 5,227)
( 26,664)
( 350)
( 98,408)
( 380,780)
Expenditure
£
( 269,946)
-
( 9,645)
( 3,750)
( 10,000)
( 1,500)
( 24,895)
( 294,841)		 Transfers
£
-
-
-
-
-
-
-
-
-
Transfers
£
-
-
-
-
-
-
-
-		 Carried
forward
balance at 31
August 2024
£
232,021
90,827
-
20,000
4,773
19,586
4,650
139,836
371,857
Carried
forward
balance at 31
August 2023
£
227,174
26,387
-
21,250
10,000
57,637
284,811

The CHK Foundation, Louis Sterne Trust and Towergate's support and donations are to subsidise teacher training. Reta Lila Howard Trust and Garfield Weston are supporting external communications with schools, and fundraising support. The 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.

15 Analysis of net assets between funds

Current Assets
Current Liabilities
Net assets at 31 August 2024		 General
Funds
£
271,069
( 39,047)
232,022		 Restricted
Funds
£
155,117
( 15,282)
139,835		 Total
Funds 2024
£
426,186
( 54,329)
371,857

Prior year comparison:

Total

General Restricted

21

Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4

MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

Fixed assets
Current Assets
Current Liabilities
Net assets at 31 August 2024		 Funds
£
1,519
308,677
( 83,022)
227,174		 Funds
£
-
72,685
( 15,048)
57,637		 Funds 2023
£
1,519
381,362
( 98,070)
284,811

22

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MINDFULNESS IN SCHOOLS PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

16 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 £120,760 (2023: £110,443) were paid in respect of key management personnel.

16 Related party transactions

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 (2023:10 at £750) and £150 for key management personnel (2023: 2 at £150). No donations were received from Trustees (2023: £263 from 2 Trustees). In 2024 there were travel expenses of £161 paid to one trustee related to speaking events during the year (2023: £62 to one Trustee). No trustee was paid any remuneration in respect of their role as a trustee of the charity (2023: Nil).

23

Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4

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