Company registration number.. 07264252 Charity registration number.. 1173515 MINDAPPLES {A COMPANY UMrrED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PW¢CH 2024 mind•pples lov• your mtrKI
MINDAPPLES CONTENTS Reference and Administrative Detsils Trustees, Report 2to5 Independent Examinels Report 6t07 Statement of Financial ActNities 8109 Balan Sheet 10 Notes to the Financial Statements 11 to17
MINDAPPLES REFERENCE AND ADMINISTRATIVE DETAILS Trustses A W R Gibson R K Armes A Spreadbury C L Clark K Banc8 Registered Office 86-90 Paul Street, Hoxton London EC2A 4NE Company Reglstration Number 07264252 Charty Registration Number 1173515 Bankers Royal Bank of Scotland London Drummonds Branch 49 Charing Cross London SW1A 2DX Independent Examlner N Smith Rolherham Taylor Limited 21 Navigation Business Village Nawgation Way Ashton-on-Ribble Preston PR2 2YP Page 1
MINDAPPLES TRUSTEES. REPORT The twstees hav8 pleasure in presenting their report and the unaudited financial statements of the charitable company for the year ended 31 March 2024. The financial statement5 have been prepared on an accruals basis in accordance with the accounting policies set out in the notes to the financial statements and comply with the charitls constitution. chariti.es Act 2011 and Accounting and Reporting by Charities:Statement of Recommended Practice applicable to charities preparing their financial statements in accordance wrth the Financial ReportirvJ Standard applicable in the UK and Republic of Ireland published on 16 July 2014. The financial statements have been examined by an Independent Examiner. Structure, Governance and management MirKlapples is Limited by guarantee and its governing document is its updated Memorandum and Articles of Association dated 21 June 2017. The charitable company is a Registered Charity. number 1173515. The charitable company 1$ incorporated in England and Wales No. 07264252. The members of the trustee board hold no shares in the charitsble company, but each member Is a guarantor to an amount not exceeding £1, in the event of the winding up of the charitable company. Risk Review The board of trustees has examined the major strategic. business and operational risks which the charitable company f8ces and Confirms that systems have been estsblished to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. Public Benefit Statement The trustees are aware of the Charity Commission guidance on public benefit and take it into account when making decisions about the activities and finances of the charity. Objectlves and Activities The objectives of Mindapples include the promotion and protection of good mentsl health worldwide in particular bLrt not exclusively by campaigns, research, training and other services aimed at increasing the mental health of all people and encouraging greater understanding of and consideration for their mental health. The charity's major activity for this period has been the provision of toolkits and campaign materials to charities and community groups, and training people to use these tools and materials to promote good mental health. The primary focus has been on schools, universities and young people. but SeiceS are provtded to all charitable and voluntary organisattons. Mindapples does not make grants or provide social investment. I trustees are voluntsry and contribute their time for four meetings per year, plus an annual half-day 'away daW, as well as time in beeen meetings to facilitate the developm8nt of new partnerships for th8 charity. Page 2
MINDAPPLES TRUSTEES, REPORT Trustee Recruitment and Appointment Trustees are appointed based on expertise and experience in one or more of the following areas: mental health awareness, psychology, fundraising and partnerships, public mental health promotion, financial and business administration, and training and education skills. Under the Articles of Associalion. decisions on appointrnents must be made by the board. Trustee Induction and Tralnlng New trust&s are provided with the Charity Commission Welcome Pack, the Articles of Association and the Board Terms of Reference, and access to ah1Ved documents showing the history of the charty and significant projects and evaluation data. They also complete a Declaration of Interests Fom and a Statement of Expertise. Trustees are actively encouraged to attend board meetings to ensure that they are always up to date with the latest activities of the charitable company. The charity is wn by the board of trustees and engages one person part-time on a freelance basis for office administration. Project managers and trainers are engaged on a freelance basis for specific projects or tralnlng workshops. During the year under review the charity engaged knvo contractors on a part-time basis to support the evolution of the school's pri48Ct. Mindapples holds a 33% stake in Mindapples Trading Ltd (Company No. 10085985). A member of the Mindapples Board sits on the board of Mindapples Trading Ltd to represent the charitys interests. Achievements and Perfomiance During the 2023-24 financial year, Mindapples. main achievements hav8 been as follows: Delivered ongoing training and resources to th8 89 schools our 'Mindapples for schools. programme, Continuing to support over 18,000 pupils and their communities Built our universty progrdmme, developing a competency framework for mentsl health in Universtties in partnership with our 9 partner universities and Further Education colleges. Provided training of both students and staff and physical and digital resources. In December 2023, we participated in a public fund-raising campaign. The Big Give Christrnas challenge, raising £12,000. to enable us to continue to deliver our "Mindapples for schools. programme over the course of 2024. Provision of wellbeing champions training to other charities and individual volunteers to encourage and support them to promote mental health and wellbeing in their communities. Continued to run a series of public webinars throughout the year, which leveraged our new abilty to deliver talks online to reach a large public audience. Provision of Mindapples cards and promotional toolkits to partner organisations and volunteer8 to support their mental health and wellbeing promotion adivities, particularly universities, schools, youth mental health projects and h881thcare trusts. Page 3
mINDpPLEs TRUSTEES. REPORT Hire of the Mindapples Tree and distribution of printed learning materials to encourage conversations about how people look after their minds, by local authorities, universiti88. charities and companies promoting workplace wellbeing. These activities have provided an environment for enwuraging people to learn about how their minds work and what tools and techniques they could use to actively protect and promote their mental health. Our focus continues to be on young people at transition points in their lives, particulaty exam time, leaving school and leaving university, to equip them to understand and talk about mental health and mental functioning in a posrf(ive way, free from stigma. Flnanclal Revlew The Charlty is in a sustainable financial position. Total reserves increased in the year to £58,321 (2023- £40,891). There were three significant income streams in the year; public fundraising in partnership with "The Big Give Christmas Challenge. raised £14,184 for our 'Mindapples for Sehools" programme, a donation from Mindapples Trading Ltd of £27,000. and income from charitable activities, predominantly sales of training and r8sourc8S to universities raised £19,284. Having invested in our programmes for young people over the previous years, we have created a solid and sustainable model, with the universities project approaching a self-sustaining financial position, and the schools project funded from ch8ritable fund raising. The board will continue to focus on the partnership strategy to boost the charitys income further, focussing primarily on young people in schools, universities and the wider communty attached to these. Mindapples Trading Ltd was profitable in the year ended 31 March 2024, which allowed it to make a generous donation of £27,000 to the core funds of the charity, to further diversfy the charitys income stream. staffing has fluctuated over the course of the year, responding to opportunities and workload. Our flexible staffing model means that the charity has only one pemanent part time staff memb8r. which ensures low fixed costs, but we have devebped a community of trained and committed trainers and consuttants which we can deploy as and when required. The Board is sufficient at the current time to provide both volunteer tim8 and the capacty to develop partnerships lurther, although we continue to Icok for opportunities to add new board members with relevant experience and skills. Page 4
MINDAPPLES TRUSTEES, REPORT Reserves pollcy and going concern The trustees have adopted a policy of maintaining SLrfficient cash reserves to cover ongoing overheads for the foreseeable future. The trustees have prepared a budget and have concluded that the charity continues to be a going conrn for the foreseeable future. On that basis they have continued to adopt the going concern basis when preparing the financbal statements. Funds held as custodian trustee on behalf of others Reappolntm•nt of audltor A resolLrtion to re-appoint N Smith FCCA as independent examiner for ensuing year will be proposed at the annual general meeting. 81GNED SECURELY 16112/2024 IW1212024at 2'.27:OD pu urc and signed on its The annual report was approved by the trustees of the charity on behalf by: SIGN1$EcURELy 1W1212024at2.'27.'OIJ PM UTC C L Clark Trustee Page 5
MINDAPPLES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MINDAPPLES ('THE COMPANY.) I report to the trustees on my examination of the financial statements of Mindapples ('the charitable company,) for the year ended 31 March 2024 which Comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charitys trustees, as a b¢xly, in a¢cordanc8 wilh section 145 of the Charities Act 2011. My work has been undertaken so that I might stste to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibilty to anyone other than the charity and the charitys trustees as a body, for my work, for this report, or for the opinions I have fonned. Responslbilities and basis of report As the trustees of th8 charitable company you are resp¢)nsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2008 {'the 2006 ACV). Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable companYs financial statements Caled out under section 145 of the Charities Act 2011 ('the 2011 Act.) and in carrying out my examination I have followed all the applicabk directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the Ilmrted assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statements present a 'true and fairf view and my Teport is limited to those specific matters set out in the independent examinerfs statement. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to b81ieve that in any material respect.. 1. accounting records were not kept in respect of the charitable company as r8quiied by section 386 of the 2008 Act,. or 2. the financial statements do not accord with those records: or 3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair vievl which is not a matter considered as part of an independent examination,. or 4. the financial statements have not be8n prepared in accordance with the methods arKI principles of the Statement of Recommended Practits for accounting and reporting by charities applr2ble to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Page 6
MINDAPPLES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MINDPLEs I'THE COMPANY.) I have no concems 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 financial ststements to be reach&J. N Smith FCCA Independent Examiner Rotherham Taylor Limited 21 Navigation Busine8s Village Navigation Way Ashton-on-Ribble Preston PR2 2YP Date.. Page 7
MINDAPPLES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 (INCLUDING INCOME AND EXPENDITURE ACCOUNT) Unréstricted funds Total 2024 Nots Income and Endowmonts from: Donations and legacies Charitable activities Investment income 48,113 19,284 175 48.113 19,284 175 Total income 67,572 67,572 Expenditure on: Charitable activities Support costs Total expenditure Net income (35,057) 15,085 (35.057) 15.085) 50.142 50,142 17,430 17,430 Net movement in funds 17.430 17,430 Reconciliation of funds Total funds brought forlvard Total funds carried forward 40,891 40,891 58,321 13 58,321 The notes on pages 11 to 17 form an intgJral part of these financial statements. Page 8
MINDAPPLES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 (INCLUDING INCOPIIE AND EXPENDITURE ACCOUNT) Unrestricted funds Total 2023 Note Income and endowments from: Donations and legacies Charitable activities Investment income 50.424 18.945 97 50.424 18.945 97 Total income 69,466 69,466 Expenditure on: Charitable activities Support costs Total expenditure Net expenditure Net movement in funds (68,823) 17,353) (88,823) 17,353) 86,176 (86,176) (16.710 (16,710> {16,710) (16,710) Reconciliation of funds Total funds brought for¥vard Total funds carried ft)rward 57.601 57,601 13 40,891 40,891 The Statement of Financial Activities includes all gains and losses in the year. All income and expendttures derive from continuing activities. The funds breakdown for 2023 is shown in note 13. The notes on pages 11 to 17 form an integral part of these financial ststements. Page 9
MINDAPPLES {REGISTRATION NUMBER: 07264252) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Nots Fixed assets Tangible assets Current assets Stocks Debtors Cash at bank and in hand 77 150 11.633 5.345 48,403 65.381 10.347 361 33.750 44,458 Creditors: Amounts falling due within one year 10 (7.137) (3,71n Net current assets 58,244 58,321 40,741 Net assets 40,891 Funds of the charity: Unrestrlcted Income funds Unrestricted funds 58,321 40,891 Total funds 13 58,321 40,891 For the financial year ending 31 March 2024 the charty was entided to exemption from audit under section 477 of the Companies Act 2008 relating to srnall companies. Directors. responsibilities.. The members have not required the chaiity to obtsin an audit of ts accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities ft>r complying the requirements of the Ad ryth respect to accounting records and the preparation of accounts. SIGNED SECURELY 18/ I¥A4EgnciaI tatsments on PeS 8 to 17 were approved by the trustees, and authorised for issue on IB11Z12024at2J7..W PM . and signed on their behalf by. 51GNED8ECLNIELY 18M2RW24 &t2.'27:otI PM irrc C L Clark Trustee The notes on pages 11 to 17 fomi an integral part of these financial statements. Page 10
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1 CHARITY STATUS The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. 2 ACCOUNTING POLICIES Statement of compliance The financial statements have been prepared in a¢¢ordance 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies AGt 2006. Basls of proparatlon Mindapples meets the definition of public benefrt ontty 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>. Golng concern The trustees are of a view that the charitable company has sufficient resources for at least the next 12 months (from the date of approving the financial statements) and that there a no material uncertainties regarding going concern. As a result, the charitable companls financial statements have been prepared on a going concern basis. Income and endowments These are included in the Statement of Financial Activities vthen.. . the charity becomes entitled to the resources. it is more likely than not that the trustees will re1ve the resources; and . the monetary value can be measure with sufficient reliability. Cash donations are recognised as income ere there is entiuemenc sufficient certainty of reipt and the amount can be measured with sufficient reliabilty. If a donation, grant or contract is subject to conditions that require a level of perfonnance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfillment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. Page 11
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies Grants and donations are only included in the Stst8m8nt of Financi81 Activity when the general income recognition criteria are met. In the case of perfomiance related grants, income must onSy be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are m8t. Donated sen4ices and facilities a included in the Statement of Financial Activities when received. at the value of the gift to th8 charity, provided the value of the gift can be measured reliabty. In accordance with the Charities SORP {FRS 102). the time of volunteers is not recogni8ed in the financial statement, but the trustees, annual report provides infonnation about their contribution. Investment income Investment income Is recognised in the financial ststement when the receipt is probable arKI the amount weivable can be measured reliabty. Governance and Support costs Support costs are incurred by functions that assist the worf( of the charity but do not diredly undertake charitable activities. General support costs include rent, travel and subsistence, office adminlstration, finance and IT. Governance costs comprise of expenses involving the public accountability of the charity and its compliance with regulation and good practice, and comprise the cost of the independent examination. The bases on which support costs have been allocated are set out in the notes to the financial statements. Llablllty recognltion Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation Can be measured with reasonable certainty. Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instwments. Basic financial instruments are initialty recognised at transaction value and subsequently measured at amortised cost using the effective interest rate method. Taxatlon The charity is exempt from tax on income and gains failing within section 505 of the Taxes Act 1988 or section 252 of the taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. Depreciation and amortlsatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. 1888 any estimated residual value, over their expected useful economic life as follows.. Asset class Offic8 equipment Depreclatlon method and rate 330/0 Straight line Page 12
MINDAPPLES NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MARCH 2024 Stock Stocks are stated at the lower of cost and estirnated selling price less costs to complete and sell. At the reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount ts reduced to its selling price less costs to complete and sell" the impainnent loss is recognised immediately in profit or loss. Trade debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade or charity discounts due. Cash and cash equlvalents Cash at bank and cash in hand includes cash and short term highly liquld investments with a short maturity value of three months or less from the date of acquisition or opening of the deposit or similar account. Trade creditors Creditors and provisions are recognised where the chaiity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised at their settlement amount after allowing for any trade discounts. 3 DONATIONS AND LEGACIES Unrestrlctod funds General Total funds t)onations and legacies. Mindapples Trading Limf(ed The Big Give Christmas Challenge Gift Ald 27,333 14,184 6.596 27,333 14,184 6,596 48,113 Totsl for 2024 48,113 Total for 2023 50,424 50,424 Page 13
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 4 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Unrestrlctsd funds General Total funds Materials and direct costs Subcontractor costs Admin services CA Wages and salaries Staff pensions (Defined contribution) - pensh?n scheme 1 staff ¢osts Travel and subslstence Governance costs 3,188 5,540 12,304 12,000 173 331 1,447 74 3,188 5,540 12,304 12.000 173 331 1.447 74 Total for 2024 35,057 35.057 Total for 2023 68,823 68.823 5 ANALYSIS OF SUPPORT COSTS Unrestrlcted funds General Total funds Rent and office costs nsurance Independent examination fees Admin seNices Telephone Websf(e Costs and computer software Sundry expenses Legal and professtonal Accountancy fees Bank charges 4,225 443 1,470 3,076 141 4,034 223 85 1.216 172 4,225 443 1,470 3,076 141 4,034 223 85 1,216 172 Total for 2024 15,085 15,085 Total for 2023 17,353 17,353 Page 14
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 The charty allocates costs directly to charitable activities as far a5 possible, and then apportions the remaining costs between general support and the governance function based on the nature of expense. 6 STAFF COSTS The aggregate payroll costs were a8 follows: 2024 2023 Staff costs during the year were: Wages and salaries Pension costs staff costs 12,000 173 331 23,385 355 317 12,504 24,057 The monthly average number of persons (including senior management I leadership team} employed by the charity during the year expressed as full time equivalents was as follows: 2024 2023 Average number of employees No employee received emoluments of more than £60,000 during the year 7 TANGIBLE FIXED ASSErs Office equipment Total Cost At 1 April 2023 224 224 At 31 March 2024 224 224 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 74 73 74 73 147 147 Net book value At 31 March 2024 77 77 At 31 March 2023 150 150 Page 15
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STOCK 2024 2023 Stocks 11,633 10.347 9 DEBTORS 2024 2023 Trade debtors Pr8paym8nt5 other debtors 4,770 328 247 115 246 5.345 361 10 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade creditors other creditors Accruals 1,740 3,997 1,400 60 2,257 1,400 3,717 7,137 11 PENSION AND OTHER SCHEMES Deflned contrlbution pension scheme The charity operates a defined contribution penshjn scheme. The pension cost charge for the year represents contributlons payable by the charity to the scheme and amounted to £173 (2023 - £355) 12 COMMITMENTS Capltal commltments The trustees have confimied that at the year end there were no contingent liabilities or off balan sheet commitments requiring disclosure. Page 16
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13 FUNDS Balance at 1 April 2023 Incoming resources Resources expended Balance at 31 March 2024 Unrestrlcted funds General 40.891 67.572 {50,142) 58,321 Balane• at 1 April 2022 Incoming resources Resources expended Balanc• at 31 March 2023 Unrestricted funds General 57,601 69.466 (86.176 40,891 Page 17