MANY MINDS
Registered Charity number: 1175721
Report and Financial Statements
For the year ended 31 December 2024
MANY MINDS
Contents
For the
ear ended 31 December 2024
Reference and administrative infomation
Trustees, annual report .
Independentexaminer's report............................................................... 12
Financial Statements
Statement of financial activities
.13
Balance sheet .
.14
Cash flow statement .
.15
Notes to the financial statements
.16
Reference and administration information
Charity Name:
Registered charity number:
Charity's principal address:
Many Minds
1175721
10 Chelsea Park, Bristol, BS5 6AG
Trustee name
Office
Dates acted if not
full year
Name of person
{or body) entitled
to appoint trustee
(if any)
Tom Newman
Sandra Masters
Malaika Kegode
Tabitha Rodney
M Blaydes
Angelina
Mcclelland
Chair
Staff employed by charity: Olivia Ware (Executive Director), Viki Browne (Artistic
Director), Laura Singer (Access Support Worker), Ru Brooks (Company Administrator)
MANY MINDS
Trustees Annual Report
For the
ear ended 31 December 2024
The Trustees present their report and financial statements for the year ending 31.
Dember 2024. The referen and administrative information set out on page 3 forms
part of this report.
Structure, governance and management
Type of governing document: Constitution
How charity is constituted: Association
Trustee selection methods: The Many Minds constitution allows trustees to be
appointed by the Board. Member Trustees are elected by the membership at the AGM.
Trustees are given a welcome pack when joining the Board and training on Being a
Good Board Member run by Voscur. New Member Trustees are given a mentor to
support them join the Board.
The charity's policies and procedures include:
Safeguarding
Equality and Diversity
Confidentiality
Data Protection
Financial Controls
Complaints
Conflicts of Interest
Managing Risk
Pay Policy
Disciplinary and Grievance
Trustee Code of Conduct
Trustees regularly review the risks to Many Minds and manage them in line with the risk
policy. Where necessary, external advi is sought to supplement internal expertise.
Objectives and activities
Objectives
l. To promote the preservation of good mental health and to assist those at risk of
mental health problems for the public benefit, through participation in the arts in
order to increase awareness, understanding and reduce stigma of mental health
to the wider public through creative activities, performance and professional
theatre productions.
2. To improve access to the arts and other mainstream ServIS for mental health
service users by working in partnerships to raise awareness and reduce barriers
to access.
3. To improve confiden, self*steem, social networks and progression into
education, training and employment for mental health service users and those at
risk through involvement in creative activities and mentoring.
Activities
In planning the activities for the year, Many Minds trustees have had regard to the Charity
Commission Guidance on public benefit.
Many Minds activities undertaken:
To promote the preservation of good mentsl health, Many Minds runs weekly
open access workshops for people who identify with eXperIenS of mental
illness. These workshops have led to performances at The Watershed, Travelling
Light Studios and Easton Christian Family Centre. These perfomiances have
mental health aCsS at the heart of the creative process and have helped to
reduce public stigma of mental illness.
Many Minds has delivered mentoring and provided opportunities to volunteer and
take on paid roles to improve confidence, self-esteem, social networks and
progression into education, training and employment.
To improve aCsS to arts and other servIs. Many Minds has social and
cultural trips or members. as well as training and consultancy sessions for
individuals and organisations in mental health access strategies, recruitment and
wellbeing policies.
Volunteers
Many Minds has a dedicated team of volunteers who have helped to support members in
workshop sessions and public perfomiances. Many of the membership have taken on
volunteer roles for personal and career progression. We worked wrth 16 volunteers who
gave 522 hours of their time over the year.
Achievements and performance
Many Minds staged more perfomiances than ever before in 2024 with a wide range of
partnerships and projects. We were recognised and received a Highly Commended award
at The Bristol Life Awards in the Arts category for our work.
IRL Influencer
We worked alongside the Universty of Bristol and Oasis Brightstowe School with year 8
students. The creative project ran alongside the University's research project running a
series of workshops to explore the impact of digital technol(KJy on young people's mental
health. The students made a production that outlined their own experiences of technology
and social media which was performed at their school for parents, teachers and mental
health professionals.
Feedback from young people included:
"I didn't know the impact social media was having on my mental health before."
"It made me realise I was addicted and l in trying to play less on Roblox."
"l am trying to use online less and in person more."
660/0 said the project made them feel happier
79./0 said they felt more connected with each other after the project
56.10 said they had a better understanding of their experiences online
44 % said they had a better understanding of their mental health in a school
settings
The findings were used by University of Bristol as part of a wider research project to create
better understanding of young people's eXperIenS amongst health professionals.
Welcome to Bedminster
The project was in partnership with Breathing Fire and Bristol City Council Community
Development Team and Breathing Fire. We engaged with residents of Bedminster in
weekly workshops running at Windmill Hill City Farm and St Phillips Church.
Participants ranged from 18- 80-year-olds and came from a wide range of different
backgrounds. They worked together to explore themes that were important to them in their
communities and devised a ple of forum theatre. None of the participants had ever
made a ple of forum theatre or interactive devised performance.
The project explored themes around mental health, accessing health services,
gentrification, building developments, local shops closing and struggles to get
employment, cost of living crisis and gambling. The perf0mlan was staged at St Phillips
Church in May. It provoked a strong reaction and a lot of conversation from audiences and
many audience members went up on stage to try out solutions to the main characters
struggles. Conversations were started about how communities can respond with kindness
to people in difficult times by buying people shopping or giving them advice on how to
seek support.
Participants said..
"I met lots of wonderful new people and made friends. The project helped me to grow."
"I found love and comfort. The workshops helped me to get back into the wortd. I didn't
knoLV I would love it so much."
"It helped me to tlourish with a diverse range of people supporting each other to grow..
Audience feedback:
"I was just blown away by tonight, I feel like crying. because I was so touched"
"I thought the performance was bn"Iliant. It really tackled some local issues such as
gentrification, building in the area, what it is like to be a wothing-class person living in a
community that is gradually changing."
"I loved the personal reflection on community issues. It gave people the space to reflect
on the impact everyone can make in someone's life."
Hybrids LIVE
We partnered with the Royal West Academy (RWA) on a perfomiance that interacted with
their exhibition.. These Mad Hybrids. Many Minds members got thinking about what makes
us a 'mad hybrid, and how would we interact with artworks and the gallery.
Blending the boundary between art object and human Hybrids-LIVE brought to life the
exhibits and created living sculptures that journeyed in and around RWA, questioning how
we access art.
We worked alongside a costume designer for the project to create versions of our own
hybrid selves and members did a workshop with the exhibition curator and artist, Olivia
Bax. We also ran outreach workshops with some of the existing engagement groups at the
RWA including the mothers and babies group, and people living with dementia. The group
attended the visually impaired tour to take inspiration for ideas on increasing access of the
performance.
The perf0rrnan challenged prec0nptIOnS about how you should interact with a gallery
and shone a light on the every-day performances you wouldn't usualty see. It has paved
the way for developing this model in other art gallery settings.
Audien feedback included..
880/0 of people said it made them think or want to do something differently.
"It has made me want to come to more art exhibitions and galleries. It has reminded me of
how to really interact with the art on display- to feel it, taste it, smell it. I want to inspire my
children to do the same."
"It made me want to speak at whatever l Gan about aSSIbIlity is really important to me."
BloomBox
Bloombox was an immersive, participatory perf0rrnan made by Many Minds members in
partnership with Windmill Hill City Farm that stimulated the senses and shared stories of
human-nature connection.
We ran workshops on the farm over 12 weeks. Using biosonification technology, we
listened to the plants and collaborated with music producer, Brian d'souza, to create
original music. We also worked alongside Undergrowth Collective, who use arts to bring
people closer to connection with nature, to create set based art pieces for the show made
from biodegradable threads. Inspired by mycelium networks, we involved audiences in
passing threads and connecting us all to ourselves, each other and the natural world.
Audiences were guided around different locations to a series of mini performances and
activities led by members that included storytelling of plants, trees and songs from
Palestine, reflections and music making in a water feature, listening to trees and the
stories they told, mirroring exercises in a polytunnel and interactive poems written by
members.
Audiences said:
"I really liked the way It Was about the natural wortd & encouraged us all to focus on
appreciating it."
"l enjoyed the pondering of a sense of sense of community, the way we were taught to
reconnect with ourselves and each other, as well as, of course nature, which we are a part
of."
"I liked it that we were able to walk around and were invited to do activities."
The Dance of Uncertainty
The tough year of funding cuts and increasing uncertainty prompted members to make a
participatory performance about the instability of the arts & charity sectors that was
inspired by rituals about love and endings.
We worked in partnership with Arnos Vale cemetery over 12 weeks incorporating
promenade through the cemetery grounds lebrating every member that had engaged
with Many Minds over the past 7 years, interactive demonstrations of how the economic
climate has changed and the level of scarcity that was being experienced, caalkS,
dances and dreaming with the audien about a better future.
AUdienS said".
"I loved how we the audience were invited to join Many Manys for a beautifully reflective
retrospective of their work and words, and their members stories, combined with n7USiC
and colour in a moving performance that raised important philosophical questions. As
ever, understated, SurisIng, and delivering powerful feeling."
"The use of sweets/snacks to highlight the fvnding situation was super smart. Really
heartfelt and authentic. Framed itself as a piece of community, Many Minds user led piece
of composition, which felt really powerful."
Key achievements over the year include:
17 new members came to workshops, outreach activities and perfOrmanS,
increasing our total membership to 331 people.
The number of members attending workshops was 79 with a total of 585
attendances.
We delivered 68 performance workshops.
36 aCsS sessions were carried out by our Access Support Worker to support
members with their mental health needs and signpost them to other support
servIs.
92 % of members said they felt that Many Minds supported their wellbeing.
920/0 had an increased sense of ownership.
86 % felt more confident socialising with others.
90 % reported more confident expressing themselves creatively.
Financial Review
Total income for the financial year was £61,282 (2023 £91,676) with expenditure of
£122,838 (2023 £106,630) and net expenditure of £61,556 (2023 £14,954). At the end of
the financial year, totsl assets amounted to £40,266 represented by unrestricted funds
shown in the General fund.
Many Minds uses an accruals basis of accounting and has set out the basis of preparation
and accounting policies in the notes to the accounts.
Many Minds receives funding from a range of sources. The charity's main source of
income is from public bodies, trusts and foundations. These include Arts Council England,
Bristol City Council, Bristol Old Vic, National Lottery Community Fund, Nisbet Trust, Paul
Hamlyn Foundation, People's Health Trust, People's Postcode Lottery, Quartet
Community Foundation and the University of Bristol.
Many Minds has also raised funds of £31,282 (2023 £2.273) from individual donors
through a monthly donation scheme and match funding campaigns.
Reserves Policy
Many Minds trustees have agreed on a resenies policy to ensure organisational resilien,
to be able to respond to unpredictable financial situations that might arise and to be able to
respond to opportunities that might arise throughout the year.
Of the £40,506 of unrestricted funds comprising the General fund on 31 December 2024,
the trustees have agreed to retain a reserve of £27,000.
This allows the charity to have time to put in strategies to secure funding, to be able to
uphold obligations as an employer and, if needs be, to ensure that its members can
conclude their relationship with the charity in a safe and supportive way.
The trustees will review the reserves policy annually.
Future plans
Following our most active year to date, in which we delivered a high volume of activities
and staged five productions- more than in any previous year- we are now looking ahead
to 2025 and beyond with renewed focus and strategic intent.
Financially, 2024 reflected a significant managed deficit. This was due in part to the
delivery of work funded in previous years, with a number of multi-year grants reaching
their delivery stage during this period. In addition, rolling over unspent funds allowed us to
sustain activities at a high level. However, the financial context has been impacted by
broader sector challenges, including cuts to several of our usual funding sources.
In response, our priority for 2025 is to refocus energy on financial sustainability. We will be
redeveloping our funding strategy with a focus on diversifying income streams. This
includes exploring new relationships with corporate partners, expanding our base of
individual donors, and investing in fundraising events. These efforts aim to build greater
long-term stability and resilience.
We will also be reviewing and developing our current programmes, identifying ways to
increase their reach, deepen their impact. and further our mission to create social change
through performance. Crucially, our members will be at the heart of this prosS, shaping
how we evolve in response to community needs.
Looking further ahead, we are excited to continue developing our Creative Residency
programme. Over the next 34 years, we aim to build partnerships across the arts, social,
and corporate sectors to create inclusive SPaS for people experiencing mental ill-health.
By embedding ourselves in partner organisations and working alongside their staff and
creative practitioners. we will generate perf0mlan work that creattvely responds to each
space from a neurodiverse perspective. Through this. we seek to share practices and
ideas around accessibility and inclusion, ensuring the arts are open and enriching for all.
10
We are pleased to report that we have secured a three-year core funding grant from
Reaching Communities. This support will provide a measure of stability and enable us to
grow, plan strategically, and continue our mission to create powerful perfonrnan that
drives social change.
Declaration
Approved by the trustees on 1Ph Sep 2025 and signed on their behalf by:
Tom Newman, Chair of Board of Trustees
Signed:
Independent Examiner's Report
To the trustees of
Many Minds
I report to the trustees on my examination of the accounts of the Many Minds ("the
Trust") for the year ended 31 December 2024, which are set out on pages 13 to 20.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 {"the Act").
I report in respect of my examination of the Trust's accounts carried out under section
145 of the 2011 Act and in carrying out my examination I have followed all the
applicable Directions given by the Charity Commission under section 145(5}Ib) of the
Act.
Independent examinerf8 Statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect..
the accounting records were not kept in accordance with section 130 of the Act., or
the accounts did not accord wrth the accounts'ng records., or
the accounts do not comply with the applicable requirements concernin
the form
and content of accounts set out in the Charities {Accounts and Reports) egulations
2008 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.
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.
Date.. 3010912025
Signed.. I" I
Michael Evans C.A.,
Member of the Institute of Chartered Accountant of Scotland,
145 Barclay Road, London, E17 9JL
12
**MANY MINDS**
## **Statement of Financial Activities**
## **for the year ended 31 December 2024____________________________________**
|**Income from:**
**(Note 6)**
Public Funding Sources
Trusts and Foundations
Partnerships
Individual Donations & Match Funding
Activities
**Expenditure on:**
Payroll
Freelance worker and artist fees
General Running Expenses
Marketing and Communications
Production costs
Rent and venue hire
Subsistence
Travel
Depreciation
**Total funds carried forward**
**Total**
**Total**
**Net income (expenditure)**
**Reconciliation of Funds: (Note 7)**
**Total funds brought forward**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**|
|---|---|---|---|---|
||-|20,000|20,000|3,800|
||-|10,000|10,000|79,618|
||-|-|-|5,975|
||31,282|-|31,282|2,273|
||-|-|-|10|
||31,282|30,000|61,282|91,676|
||||||
||16,114|45,867|61,981|63,645|
||16,350|20,000|36,350|26,325|
||1,982|4,017|5,999|6,203|
||3,486|3,000|6,486|2,887|
||-|455|455|202|
||3,043|6,600|9,643|5,754|
||414|900|1,314|943|
||-|610|610|262|
||-|-|-|409|
||41,389|81,449|122,838|106,630|
||||||
||(10,107)|(51,449)|(61,556)|(14,954)|
||||||
||50,373|51,449|101,822|116,776|
||40,266|-|40,266|101,822|
## **MANY MINDS**
## **Balance Sheet**
**As at 31 December 2024_________________________________________________**
|**Fixed assets**
**Current assets**
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**Net current assets**
**Total net assets**
**Funds of the charity (note 7)**
Restricted income funds
Unrestricted funds:
Designated funds
General
**Total funds of the charity**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**£**
**£**|**Total**
**funds**
**£**|
|---|---|---|
||- -|
-|
||1,345 -
43,438 -||
||44,783 -|
44,783
103,250|
|||
4,517
1,428|
||4,517 -||
||||
||40,266 -|
40,266
101,822|
||||
||40,266
-|40,266
101,822|
||||
||- -|
-
51,449
-
23,001
40,266
27,372|
||-
40,266 -||
||40,266
-|40,266
101,822|
||||
**Approved by the Trustees on 17th Sep 2025 and signed on their behalf by**
**Full name** Thomas Newman
**Chair**
**MANY MINDS**
## **Statement of Cash Flows**
## **for the year ended 31 December 2024_______________________________**
**Cash flows from operating activities: Net income (expenditure) for the year (as per the statement of financial activities)**
Adjustments for: Depreciation charge (Increase)/decrease in debtors Increase/(decrease in creditors) **Net cash provided by (used in) operating activities**
**----- Start of picture text -----**
Total Prior year
funds funds
£ £
(61,556) (14,954)
- 409
(1,345) 9,270
3,089 (601)
(59,812) (5,876)
**----- End of picture text -----**
**Cash flows from investing activities:** Purchase of fixed assets
**Net cash provided by (used in) investing activities**
## **Change in cash in the year**
Cash at the beginning of year **Cash at the end of the year**
**----- Start of picture text -----**
- -
- -
(59,812) (5,876)
103,250 109,126
43,438 103,250
**----- End of picture text -----**
MANY MINDS
Notes to the financial ststements
1. Basis of preparation
la) Basis of Accounting
These financial statements have been prepared under the historic cost convention in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 1021, the Statement of Recommended Practice issued by the Charity Commission for
England and Wales ("Charilies SORP"}. and the Charities Act 2011.
Ib) Going Concern
The Trustees have examined the Charity's budget and cash flow projections and consider that
there are no material uncertainties about the Charity's ability to continue as a going concern.
Consequently, these financial statements have been prepared on a going concern basis.
1¢) Stru¢ture of the Statèment of Finan¢ial A¢tivitie8
In the Statement of Financial Activities the Charity has adopted the structure of presentation
based on the nature of components of income and expenditure, as permitted by the Charities
SORP for smaller charities.
2. Accountlng Pollcles
la) Fund Structure
Restricted Incomè Funds are those funds vthich are to be used in accordance with specrfic
restrictions imposed by the donors.
Unrestricted Income Funds comprise those funds which the Trustees are free to use for any
purpose in furtherance of the charitable objectives.
Designated Funds are unrestricted funds eamarked by the Trustees for particular purposes.
Ib) Incoming Resources
Incoming resources are recognised On Ihe chanty has entitlement to the resources, it is more
likely than not that the resources will be received, and their monetary value can be measured
with sufficient reliability.
In accordance with Charities SORP the value of volunteer help is not determined in the
accounts, given the absence of a reliable measurement base. but is described in the Trustees,
report.
16
MANY MINDS
Notes to the financial ststements
Ic) Resources Expended
Liabilities are recognised as resources expended as soon as there is a legal or construclive
obligation committing the charity to the expendrture and the amount can be measured with
reasonable certainty.
Id) Fixed Assets
Fixed assets consist of IT equipment which is stated al cost {2024 and 2023 - £7,388) less
depreciation {2024 and 2023 £7,388, ) applied on a straight-line basis over a 3 year estimated
life.
3. Employee8
The average headcount of employees was 2 in 2024 and 2023.
No employee received more than £60,000 in the current and prior years.
4. Trustees and Independent Examiner
The Trustees and Independent Examiner have not reiVed any remuneration. employment
benefits or reimbursement of expenses from the charity in the current and prior years.
5. Related party transactions
The Trustees have referred to the definition of related parties set out in the Charities SORP and
confirm that there are no related party transactions to report.
**MANY MINDS**
## **Notes to the financial statements________________________________________**
## **Note 6. Analysis of income**
|**Categories**
**Partnerships: donated**
**facilities and services**
**Trusts and**
**Foundations**
**Individual Donations**
**and Match Funding**
**Activities**|**Sources**|**Unrestricted**
**Funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**Funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**Funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**Funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|
|---|---|---|---|---|---|
||Bristol City Council|-|-|-|3,800|
||National Lottery
CommunityFund|-|20,000|20,000|
-|
||**Total**|**-**|**20,000**|**20,000**|**3,800**|
||Nisbet Trust|-|5,000|5,000|
-|
||Paul Hamlyn
Foundation|-|-|-|48,000|
||People's Health Trust|-|-|-|6,618|
||People's Post Code
Lottery|-|-|-|25,000|
||Quartet Community
Foundation|-|5,000|5,000|
-|
||**Total**
University of Bristol
**Total**|**-**|**10,000**|**10,000**|**79,618**|
|||-|-|-|5,975|
|||-|
-|
-|5,975|
|||31,282|-|31,282|2,273|
||Box Office|-|
-|
-|10|
||**Total**|**-**|-|
**-**|**10**|
||**Total Income**|||||
|||**31,282**|**30,000**|**61,282**|**91,676**|
## **MANY MINDS**
## **Notes to the financial statements__________________________________________**
## **Note 7. Funds of the charity**
## **7.1. Details of funds held and movements (Current year)**
||**Balances**|||||||**Balances**|
|---|---|---|---|---|---|---|---|---|
||**brought**|||||||**carried**|
||**forward**|**Income**||**Expenditure**||**Transfers**||
**forward**|
||**£**|**£**||**£**||**£**||**£**|
|**Restricted funds**|||||||||
|Bristol City Council|21,557||-|21,557|||-|-|
|National Lottery Community Fund||20,000||20,000|||-|-|
|Nisbet Trust|-|5,000|||5,000||-|-|
|Paul Hamlyn Foundation|25,582||-|25,582|||-|-|
|People's Health Trust|-||-||-||-|-|
|Quartet Community Foundation|-|5,000|||5,000||-|-|
|University of Bristol|4,310||-||4,310||-|-|
||51,449|30,000||
|81,449||-|-|
||||||||||
|**Unrestricted funds**|||||||||
|**Designated funds**|||||||||
|Match Funding Programmes|23,001||-|23,001|||-|-|
|Fixed Assets|-||-||-||-|-|
||23,001||-|23,001|||-|-|
|**General fund**|27,372|31,282||18,388|||-|40,266|
||50,373|31,282|||41,389||-|40,266|
||||||||||
|**Total Funds (Current year)**|101,822|61,282||
122,838|||-|40,266|
||||||||||
## **7.2. Details of funds held and movements ( Prior year)**
||**Balances**|||||||**Balances**|
|---|---|---|---|---|---|---|---|---|
||**brought**|||||||**carried**|
||**forward**|**Income**|**Expenditure**||**Transfers**|||
**forward**|
||**£**|**£**|**£**||**£**|||**£**|
|**Restricted funds**|||||||||
|Bristol City Council|40,477|3,800|22,720|||-||21,557|
|Paul Hamlyn Foundation|20,000|48,000|42,418|||-||25,582|
|People's Health Trust|11,550|6,618|18,168|||-||-|
|Quartet Community Foundation|2,500|-||2,500||-||-|
|University of Bristol|-|5,975||1,665||||4,310|
||74,527|64,393|
|87,471||-||51,449|
||||||||||
|**Unrestricted funds**|||||||||
|**Designated**|||||||||
|Match Funding Programmes|23,001|-||-||-||23,001|
|Fixed Assets|409|-||-|(409)|||-|
||23,410|-||-|(409)|||23,001|
|**General fund**|18,839|27,283|19,159||409|||27,372|
||42,249|27,283|
|19,159|
||-|50,373|
||||||||||
|**Total Funds (Prior year)**|116,776|91,676|
106,630||
||-|101,822|
MANY MINDS
Notes to the financial Statements
7.3. Explanatory notes on funds held and movements
All funds held are used in furtherance of the objects of the charity which are set in the Trustee's
report.
Restricted funds are used in accordance wrth the donors. specific requirements to support
haritable activities, contribute to core costs and fund investments. The Reslricted funds
brought fOard at 31 December 2023 consisted of balances of funding from Bristol City
Council, Paul Hamlyn Foundation. and University of Bristol which were allocated to specific
projects in 2024 as agreed wrth the donors.
Unrestricted funds are used in accordance with the policies defined by the Trustees. The funds
brought forward at 31 December 2023 consisled of Designated funds and a General fund. The
Designated Funds were amounts eamiarked by the Trustees for charrtable activities carried out
in 2024. The General fund is considered appropriate to ensure organisational resilience in
accordance with Ihe reserves policy defined by the Trustees.
20