Company registration number.. 07264252 Charity registration number.. 1173515 MINDAPPLES (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 mind•pples
MINDAPPLES CONTENTS Reference and Administrative Details Trustees. Report 2to5 Independent Examiner's Report 6t07 Statement of Financial Activities 8t09 Balance Sheet 10 Notes to the Financial Statements 11 to17
MINDAPPLES REFERENCE AND ADMINISTRATIVE DETAILS Trustees A W R Gibson R K Armes K Jennings (Resignation 0410912024) A Spreadbury C L CLqrk K Bance S Sanders (Appointed 01109120251 C Hamilton (Appointed 0110912025) J Lyons {Appointed 0110912025) Registered Office 86-90 Paul Street. Hoxion London EC2A 4NE Company Registration Number 07264252 Charity Registration Number 1173515 Bankers Royal Bank of Scotland London Drummonds Branch 49 Charing Cross London SW1A 2DX Independent Examlner N Smilh Rotherham Taylor Limiled 21 Navigation Business Village Navigation Way Preston Lancashire PR2 2YP Page 1
MINDAPPLES TRUSTEES. REPORT The trustees have pleasure in presenting their report and the unaudited financial statements of the charitable company for the year ended 31 March 2025. The financial statements have been prepared on an accruals basis in accordance with Ihe accounting policies set out in the notes to the financial statements and comply with the charity's Gonstitution, Charities Act 2011 and Accounting and Reporting by Charilies.Statement of Recommended Practice applicable to charities preparing Iheir financial statements in accordance with the Financial Reporting 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 Mindapples is limited by guarantee and its goveming document is rts updated Memorandum and Articles of Association dated 21 June 2017. The charitable company is a Registered Charity, number 1173515. The charitable company is incorporated in England and Wales No. 07264252. The members of the trustee board hold no shares in the Charitable company, but each member is a guarantor to an amount not exeding £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 faces and confirms that systems have been established to enable regular reports to be produced so thal the necessary steps can be taken to lessen these risks. Public Benefit Statement The Irustees are aware of the Charity Commission guidance on public benefit and take it into account when making decisions aboLrt Ihe activities and finances ofthe charity. Objectives and Activities The objectives af Mindapples include the promotion and protection of good mental health worldwide in particular but not exclusively by campaigns, research. training and other services aimed al increasing the mental health of all people and encouraging greater understanding of and consideration for their mental health. The charity's major activities for this periixl have been the provision of training, toolkits and educational materials to schools. universities and young people. to promote good mental health. Services are also made availab to all charitable and voluntary organisations. Mindapples does not make grants or provide sccial investment. All trustees are voluntary and contribute their time for four meelings per year, plus an annual half-day 'away day,. as well as time in beeen meetings to facilitate the development of new partnerships for the charity- 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 2nd partnerships, public mental health promotion, financial and business administration, and training and education skills. Under the Articles of Association, decisions on appointments must be made by the board. Page 2
MINDAPPLES TRUSTEES. REPORT Trustee Induction and Training New trustees are provided with the Charty Commission Welcome Pack, the Arhcles of Association and the Board Terms of Reference, and access to archived documents showing the history of the charity and significant projects and evaluation data. They also complete a Declaration of Interests Form and a Statement of Expertise. Trustees are actively encouraged to attend board meeb.ngs to ensure that they are always up to date with the latest acb'vities of the charitsble company. The charity is run by the board of trustees and engaged one person on a part-time basis for office administration. Project managers and trainers are engaged on a freelance basis for specific projects or Iraining workshops. During the year under review the charity engaged two employees on a part-time basis to support the evolution of the school's project and the work with universities. Mindapples holds a 33°k stake in Mindapples Trading Lld (Company No. 10085965>. A member of the Mindapples Board sits on the board of Mindapples Trading Ltd to represent the charity's interests. Achievements and Performonce During the 2024-25 financial year. Mindapples, main achievements have been as follows.. Delivered ongoing training and resources to the schools in our "Mindapples for schools" programme. continuing to support pupils, teachers and their tommunities. Built our university programme, developing a competency framework for mental health in universities in partnership with our 9 partner universities and Further Education colleges. Provided trainin9 of both students and staff and physical and digitsl resources. In December 2024. we participated in a public fund-raising campaign. The Big Give Christmas challenge, raising £24,031. to enable us to continue lo deveknp and deliver our training programmes in schools and Universities over the course of 2025. Provision of wellbeing champions training to other charities and individual volunteers to encourage and support them to promole mental health and wellbeing in their Communities. Provision of Mindapples cards and promotional toolkits to partner organisations and volunteers to support their mental health and wellbeing promotion activilies, particularly universities, schools, youth mental health projects and healthcare trusts. Hire of the Mindapples Tree and distribution of printed learning materials to encourage conversations about how people Ii)ok after their minds, by local authorities, universities, charities and companies promoting workplace wellbeing. These activities have provided an environment for encouraging 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. particularly exam time, leaving school and leaving university, to equip them to understand and talk about mental health and mental functioning in a positive way, free from stigma. Page 3
MINDAPPLES TRUSTEES. REPORT Financial Review The charity is in a sustainable financial position. Total reserves decreased in the year by £4,684 to £53,637 12024.. £58.321}. This was primarily because the charity did not receive a dividend from Mindapples Trading, due to decreased profitabilty in the year, in part compensated by higher public don8tion5. The charity was still able to deliver its charitable obj'ectives throughout the year, with sufficient cash reseNes. There were three significant income streams in the year,. public fvndraising in partnership with "The Big Give Christmas Challenge. raised £24,031 for our ongoing programs in universities and schools, income from charitable activities, predominanty sales of training and resources to universities raised £11,317, and a new partnership with Beyond funding our schools program for £5,390. 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 chanlable fund raising, and focussed work in certain schools funded by Beyond. The board will continue to focus on Ihe partnership strategy to boost the charity's income further, focussing primarity on young people in schools, universities and the wider community attached to these. Staffing fluctualed over the course of the year. responding to opportunities and workload. Our flexible staffing model ensures low fixed costs, but we have developed a comtnunity of trained and committed trainers and consultants which we can deploy as and when required. The Board is sufficient at the current time to provide both volunteer time and the capacity to develop partnerships further, although we continue to look for opportunities to add new board members with relevant experience and skills. Reserves policy and going con¢em The trustees have adopted a policy of maintaining sufficient cash reserves to cover ongoing overheads for the foreseeable future. The trustees have prepared a budget and have conduded that the charity continues to be a going concern for the foreseeable future. On that basis they have continued to adopt the going concern basis when preparing the financial statements. Page 4
MINDAPPLES TRUSTEES. REPORT Reappointment of auditor A resolulion to re-appoint N Smith FCCA as independent examiner for ensuin at the annual general meeting. SIGNE ear will be proposed CURELY 18/12/2025 1811212D25 al 1.OB.39 PM UTC The annual report was approved by the trustees of the charty on behalf by.. and signed on its SIGNED SECURELY 181121202S at IYIg-.3¥ 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 2025 which comprise the Statement of Financial Activities the Balance Sheet and related notes. This report is made solely to the charity'5 twstees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state 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 permitted by law, I do not accept or assume responsibility to anyone other than the chanty and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the trustees of the charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061.the 2006 Act'}. Having satisfied myself that Ihe financial statement5 of the charitable company are not reqLsired 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 company's financial statements carried out under section 145 of the Charities Act 2011 ('the 2011 Act'l and In carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(51(bl 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 limited 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 report 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 lo my attention in connection with the examination giving me cause to believe that in any mateiial respect.. 1. accounling records were not kept in respect of the charitable company as required by section 386 of the 2006 Act., or 2. the financial statements do not accord with those records,. or 3. the financial statements do not comply with the accounting rÈquiremenls of section 396 of the 2006 Act other than any requirement that the accounts gtve a 'true and fair view, which is not a matter considered as part of an independent examination- or 4. the financial stalements have not been prepared in accordan with the methods and principles of the Statement of Recommended practi for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102). Page 6
MINDAPPLES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MINDAPPLES ('THE COMPANY) 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 financial statements to be reached. N Smith FCCA Independent Exarniner Rotherham Taylor Limited 21 Navigation Business Village Navigation Way Preston Lancashire PR2 2YP Date.. 1911212025 Page 7
MINDAPPLES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 (INCLUDING INCOME AND EXPENDITURE ACCOUNT) Unrestricted funds Total 2025 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 24,631 18,756 342 24,631 18,756 342 Total income 43,729 43,729 Expenditure on: Charilable activities Support costs {39,815) {39.815) 8,598 Total expenditure 48,413 Net expenditure 4,684 4,684 Net movement in funds (4,684) 14.684) Reconciliation of funds Total funds brought forward 58.321 Total funds carried fOard 15 53,637 53,637 The notes on pages 11 to 17 form an integral part of these financial statements. Page 8
MINDAPPLES STATEMENT OF FINANCIAL ACTWMES FOR THE YEAR ENDED 31 MARCH 2025 {INCLUDING INCOME AND EXPENDITURE ACCOUK Unrestrlcted funds Total 2024 Note Income and endowments 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 {37,743) 12,399 (37,743) 12 399 Total expendrture 50,142 50,142 Net income 17,430 17.430 Net movement in funds 17,430 17,430 Reconciliatlon of funds Total funds brought forward Total funds carried fotward 40 891 15 58.321 The Statement of Financial Activities indudes all gains and losses in the year. All income and expenditures derive from continuing ath-vtb-es. The funds breakdown for 2024 is shown in note 15. The notes on pages 11 to 17 form an inlegral part of these financial statements. Page 9
MINDAPPLES (REGISTRATION NUMBER: 07264252 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Tangible assets Current assets Stocks Debtors Cash at bank and in hand 77 10 10,103 663 52.060 11,633 5,345 48,403 62,826 65,381 Creditors: Amounts falling due within one year 12 19,1921 (7,137 Net current assets 53,634 58.244 Net assets 53,637 58.321 Funds of the charity: Unrestricted income funds Unrestricted funds 53,637 58,321 Total funds 15 53.637 58,321 For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476.. and The directors acknowledge their responsibilitS for comptying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 8 to 17 were approved by the trustees. and authorised for issue on SIGNFD SFCURELY and signed on their behalf ty. 1811212025 at 1..D8..39 PM UTC SIGNED SECURELY 1e11212025 ak1..08.-39 PM LITC C L Clark Trustee The notes on pages 11 to 17 fonn an integral part of these financial statements. Page 10
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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 liquidats-on. 2 ACCOUNTING POLICIES statement of compliance The financial Statements have been prepared in accordance wilh Ac£ounting and Reporting by Charities.. Statement of Recommended Practice (applicable to Charits'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021} (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 Act 2006. Basis of preparation Mindapples meets the definition of public benefit entity under FRS 102. Assets and liabilities are inrtially recognised at historical cost or transaction value unles5 Otherwise stated in the relevant accounting policy note(s). Going concern The trusiees are of a view that the charitable company has sufficient resources for al least the next 12 tnonths {from the date of approving the financial statements) and that there are no material uncertainties regarding going concern. As a result. the charitable company's financial statements have been prepared on a going concern basis. Income and endowments These are included in the Statement of Financial Activities when- the charity becomes entitled to the resources- it is more likely than not that the trustees will receive the resources- and the monetary value Gan be measure with sufficient reliability. Cash donations are recognised as income where there is enb'tlement. sufficient certainty of receipt and the amount can be measured with sufficient reliability. If a donation, grant or contract is subject to conditions that require a level of performance before the charity is entitled to the nds. the income is deferred and not recognised until either those conditions are lully met, or the fulfillment of those condrtions 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 2025 Donations and legacies Grants and donations are onty included in the Statement of Financial Activity when the general income recognition criteria are meL In the case of performance related grants. income must only be recognised to the extent that the chatity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met. Donated services and facilities are included in the Statement of Financial Aclivities when received, al the value of the gift to the charity, provided the value of the gift can be measured reliably. In accordance with the Charities SORP IFRS 102). the time of volunteers is nol recognised in the financial statement, but the trustees, annual report provides information aboul their contribution. Investment income Inveslment income is recognised in the financial statement when the receipt is probable and the amount receivable can be measured reliably. Governance and Support Costs Support costs are incurred by functions that assist the work of the charity but do not directly undertake charitable activib-es. General support costs include n( travel and subsistence, Offi administralion, finance and IT. Governance costs comprise of expenses involving the public accountability of the charity and its compliance wth regulation and gd practice. and comprise the cost of the independent examination. The bases on which 5UPPOrt costs have been allocated are set out in the notes lo the financial statements. Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resour¢e5 and the amount of the obligation can be measLtred with reasonable certainty. Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instiuments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest rate method. Taxation The charity is exempt from tsx on income and gains failing within section 505 of the Taxes Act 1988 or section 252 of the taxation of Chargeable Gains Act 1992 lo the extent that these are applied to its charitable objects. Deprecialion and amortisation Depreciation is provided on tangible fixed assets so as to write off the Cost or valuation, less any estimated residual value, over their expected useful economic life as follows". Asset Class Office equipment Depreciation method and rate 33 /0 Straight line Page 12
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Stock Stocks are staled at the lower of cost and estimated selling price less costs to complete and sell. At the reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling pri less costs to complete and sell., the impairment 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 at the amount prepaid net of any trade or charity discounts due. Cash and cash equivalents Cash at bank and cash in hand includes cash and short term highly liquid 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 charty has a present obligation resulting trom a past event thal will probably result in the transfèr of funds to a third party and the amount due to settle the obligation can be measured or estimated reliatdy. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts. 3 DONATIONS AND LEGACIES Unrestricted funds General Total funds Donations and legacies., Legacies and bequests The Big Give Christmas Challenge Gift Aid 600 21,731 2,300 600 21.731 2.300 Total for 2025 24,631 24.631 Total for 2024 48,113 48,113 Page 13
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted funds General Total funds Materials and direct costs Subcontractor costs Admin services CA Wage5 and salaries Staff pensions (Defined contn-bution) - pension scheme 1 Staff costs Travel and sub51Stence Governance costs 3,326 13,150 778 17,392 225 331 772 3,841 3,326 13,150 778 17,392 225 331 772 3,841 Total for 2025 39,815 39,815 Total for 2024 37,743 37,743 5 ANALYSIS OF SUPPORT COSTS Unrestricted funds General Total funds Rent and office costs Insurance Telephone Website CDsts and computer software Sundry expenses Leg21 and professional Bank charges 1,723 453 117 3,427 313 2,454 111 1.723 453 117 3,427 313 2,454 111 Total for 2025 8.598 8,598 Total for 2024 12.399 12,399 The charity allocates costs directly to charitsbEe activities as far as possiL4e, and then apportions the remaining costs beteen general support and the governan function based on the nature of expense. Page 14
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 6 TRUSTEES REMUNERATION AND EXPENSES No trustees. nor any persons connected with them: have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 7 STAFF COSTS The aggregate payroll costs were as follows= 2025 2024 Staff costs during the year were: Wages and salaries Pension costs Staff cost5 17,392 225 331 12,000 173 331 12,504 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. 2025 2024 Average number of employees No employee received emoluments of more than £60.000 during the year 8 INDEPENDENT EXAMINER'S REMUNERATION 202S 2024 Examination of the financial statements 1,920 1,470 Other fees to examiners All other services 1,847 1,216 9 TANGIBLE FIXED ASSETS Office equipment Total Cost At 1 April 2024 224 224 At 31 March 2025 224 224 Page 15
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Office equipment Total Depreciation At 1 April 2024 Charge for the year At 31 March 2025 147 74 147 74 221 221 Net book value At 31 March 2025 At 31 March 2024 77 77 10 STOCK 2025 2024 Stocks 11,633 11 DEBTORS 2025 2024 Trade debtors Prepayments other debtors 4,770 328 247 535 128 663 5,345 12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Other creditors Accruals 60 6,971 2,161 1,740 3.997 1.400 9.192 7,137 13 PENSION AND OTHER SCHEMES Defined contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £225 (2024- £173) Page 16
MINDAPPLES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14 COMMITMENTS Capital commitments The trustees have confirmed that at the year end there were no contingent liabilits'es or off balance sheet commitments requiring disclosure. 15 FUNDS Balance at 1 April 2024 Incoming resources Resources expended Balance at 31 March 2025 Unrestricted funds General 58.321 43 729 48.413 53,637 Balance at 1 April 2023 Incoming resources Resources expended Balance at 31 March 2024 Unrestritted funds General 40,891 67 572 58,321 16 RELATED PARTY TRANSACTIONS There were no related party transactions in the year. Page 17