## **Charity number: 1168992 Company number: 07038233** ## **Mindfulness in Schools Project** # **Report and Unaudited Financial Statements** ## **31 August 2024** Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 **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| Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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 1 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 **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:** - To advance the education of the public, in particular but not exclusively, young people, by promoting and encouraging the teaching, study, practice and research of mindfulness, primarily but not exclusively in educational settings. 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: - Developing age-specific mindfulness education curricula, digital resources and pathways to wider school improvement - Training educators and other adults working with children and young people in the concept and practice of mindfulness; delivery of our curricula; pathways to improving wider school culture and ways to sustain this - Building and supporting a network of trained teachers’ mindfulness practice and their teaching of mindfulness education curricula to children and young people - Facilitating and learning from ongoing research into the effects of mindfulness on CYP and those who work and care for them. 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: - Training adults in our introductory course (‘.begin’) to gain understanding of mindfulness and develop their own practice 2 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 - Training educators in teaching age specific curricula (‘dots’, ‘Paws b’ and ‘.b’) to introduce children and young people to mindfulness in fun, safe ways - School Mindfulness Lead training to train other adults in a school setting in our introductory course - The introductory and Train to Teach age specific curricula are taught generally in English and online; however, via our partner organisations in Hong Kong, Japan and the Netherlands the curricula have been translated and now taught in local languages ## **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. 3 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 _"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] : - 135 took for our Introductory course, '.begin' - 40 trained to teach our curriculum for 3-6 year olds, 'dots'. - 62 trained to teach our curriculum for 7-11 year olds, 'Paws b' - 33 trained to teach our curriculum for children 9-14 year olds, '.breathe' - 80 trained to teach our curriculum for 11-18 year olds, '.b' - 13 trained to be a School Mindfulness Lead (SML) - 8 trained to teach '.b Foundations' ## **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: - 100% of teachers who responded said they would recommend .b, Paws b and .breathe curricula to colleagues - 100% of teachers who responded felt that the .b curriculum supports their pupils with coping with difficulty, concentration and taking in the 'good stuff'. - 100% of Paws b trained teachers who responded felt that mindfulness supports their pupils with coping with 'wobbles', sadness, worry and anger and with concentration, relationships, performance, and growing happiness - 100% of those who Paws b teachers who responded reported that their mindfulness practice and teaching of Paws b supports their relationships with students, coping with professional demands and overall quality of life. - 100% of .breathe teachers who responded reported that their mindfulness practice and teaching of .breathe supports their relationships with pupils, classroom management, relationships with colleagues, coping with professional demands and overall quality of life. - 98% of .b teachers who responded reported that their mindfulness practice and teaching of .b supports their relationships with students and coping with professional demands. - 98% of .b teachers who responded felt that .b supports their pupils with relationships and being kind. - 95% of .b teachers who responded felt that .b supports their pupils with sleep and exams. ## _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. 4 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 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: - newsletters and other mailshots - online speaker events - group mentoring - skills workshops - mindfulness retreats. 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. 5 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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: - a 23% increase in direct costs at £222,284 due to the increase in delivery of courses (2023: £171,961) - a 13% increase in support costs (salaries, computer running costs and advertising and marketing costs) at £103,645 (2023: £90,500). See notes 6 and 7 of the financial statements for further details of direct and support costs. 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. 6 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 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: - An assessment of inherent risk exposure derived from the potential level of impact and the likelihood of occurrence. - Existing measures in place to manage each risk. - An assessment of residual risk exposure, once mitigating measures are taken into consideration; and - Future actions that may be taken to reduce the residual risk further. Key areas of risk that have been identified, along with mitigating actions, are as follows: - Strategy and business model. An update of the progress made in this area is set out in the strategy planning section below. - Fundraising. The sustainability pillar of the strategy crystallises the charity’s drive towards a more diverse financial model including grant funding, donations/other fundraising, and international outreach alongside traditional UK teacher training income. - Personnel. Resourcing is a key element of the charity’s strategy to ensure a costeffective team structure with increased capacity in fundraising, international and other priority areas. Appropriate succession planning is undertaken, including at Board/trustee level. - Reputation. By ensuring the quality and relevance of the charity’s key products and services, as well as being able to measure and communicate impact. ## **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). 7 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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. 8 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 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: - select suitable accounting policies and then apply them consistently. - observe the methods and principles in the Charities SORP. - make judgements and estimates that are reasonable and prudent. - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 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. 9 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 This report was approved by the trustees on 11[th] March 2025 and signed on their behalf by: Richard Burnett - Chair 10 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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: - accounting records were not kept in accordance with section 386 of the Companies Act 2006; or - the accounts do not accord with such records; or - the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or - the accounts have not been prepared in accordance with the Charities SORP (FRS102). 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 11 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **MINDFULNESS IN SCHOOLS PROJECT** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024** **----- 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
**----- End of picture text -----**
12 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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: - The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and - The trustees, who are also the directors of the charitable company for the purposes of company law, acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the financial statements. 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** 13 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **MINDFULNESS IN SCHOOLS PROJECT** ## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024** **----- 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
**----- End of picture text -----**
14 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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. 15 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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. 16 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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
**4**
**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 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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 Doc ID: 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 ## **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 > Audit trail Audit trail 9 Dropbox Sign Sign MiSP Annual Report 2023 - 2024 Title Title File name File name Annual_report_2023_-_24.pdf Document ID Document ID 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 Audit trail date format Audit trail date format DD / MM / YYYY Status Status 9 Signed **17 / 03 / 2025** Sent for signature to Richard Burnett 19:05:29 UTC (richard.burnett@mindfulnessinschools.org) and Louise Hallsworth (louise.hallsworth@baxter.co.uk) from amy@notebookandpen.co.uk IP: 90.250.149.128 **17 / 03 / 2025** Viewed by Richard Burnett 19:46:41 UTC (richard.burnett@mindfulnessinschools.org) IP: 86.132.210.48 **17 / 03 / 2025** Signed by Richard Burnett 19:47:01 UTC (richard.burnett@mindfulnessinschools.org) IP: 86.132.210.48 **18 / 03 / 2025** Viewed by Louise Hallsworth (louise.hallsworth@baxter.co.uk) 09:52:30 UTC IP: 46.65.175.216 > Powered by Powered by ~€ Dropbox Sign Sign > Audit trail Audit trail 9 Dropbox Sign Sign MiSP Annual Report 2023 - 2024 Title Title File name File name Annual_report_2023_-_24.pdf Document ID Document ID 74d59f70e19f8c3154bff1ecef38ff1c84a117d4 Audit trail date format Audit trail date format DD / MM / YYYY Status Status 9 Signed **18 / 03 / 2025** Signed by Louise Hallsworth (louise.hallsworth@baxter.co.uk) 09:57:52 UTC IP: 46.65.175.216 **18 / 03 / 2025** The document has been completed. 09:57:52 UTC > Powered by Powered by ~€ Dropbox Sign Sign