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2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1176614

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

IPSUM

Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

IPSUM

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 19
Detailed Statement of Financial Activities 20 to 21

IPSUM

Report of the Trustees for the Year Ended 31 March 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).

Executive Summary

IPSUM is a unique and vital mental health charity serving Swindon and the surrounding areas. Our holistic approach-combining creative arts, music, and talking therapies-empowers individuals of all ages experiencing poor mental health, with a particular focus on those who are socially and financially disadvantag ed.

Our mission is to provide accessible, therapeutic, and creative interventions that foster resilience, self-expression, and recovery. In the past year, we supported 2,252 individuals , delivering both in-house and outreach services for adults and children.

Our interventions include art, music, meditation, creative writing, and a range of talking therapies. We strive to be a lifeline for those who face barriers to accessing statutory support, offering a safe and creative outlet for healing and growth.

Governance and Leadership

The Trustees, who also serve as directors under the Companies Act 2006, present their report alongside the charity's financial statements for the year ended 31 March 2025. The Trustees have adopted the Charities SORP (FRS 102) as the basis for these accounts.

This year saw significant changes in our Board of Trustees:

Our Team

Our multidisciplinary team includes:

OBJECTIVES AND ACTIVITIES

Objectives and aims

Our core objectives are to:

  1. Assist in the treatment, care, and rehabilitation of individuals experiencing mental, emotional, or psychological illness-including those affected by substance misuse.

  2. Provide counselling and support that complements statutory services.

  3. Offer immersive creative therapies as a pathway to recovery and wellbeing.

Page 1

IPSUM

Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES Significant activities

IPSUM Programmes

We are very fortunate that our trained facilitators and therapists are supported by volunteers with a diverse range of skills and talents.

A rewarding part of our programme is to empower our service users and support them towards becoming peer mentor volunteers if they want to. This has been a successful intervention, building self-esteem and employment skills and for many of our clients who have since moved on to secure paid work.

New View Art Room

Daily workshops provide the opportunity for clients to try new ideas, experiment with different art mediums and try activities such as watercolour painting, acrylics, drawing, textiles, crafts, printmaking and more.

The Therapeutic Creative Arts are a powerful tool that can help to relieve anxiety ,stress and tension. It can increase motivation and self-worth giving new outlets as a distraction technique and safe coping mechanisms.

Basement 13 Music Studio

Our music studio offers a chance for clients to experience the power of music through many different mediums. We are in the fortunate position to offer specialist music therapy groups with a world-renowned psychotherapist.

The opportunity to learn to play an instrument including guitar, bass guitar, keyboard and drums. With the support of our music facilitator there is the option to record your own music, songs or poetry in our professional studio.

IPSUM is also in the position to offer the exciting prospect of creating and engineering your own digital music with a tutor, using a computer programme which supports your learning.

No musical theory is needed to access learning. there is also the exciting prospect of taking a course in DJing.

We hold a weekly session to create a monthly radio show that is aired on a local radio station with special features, interviews and the chance to play some of the music produced in the studio.

The Art and Soul Show from the Sounds of IPSUM is on Swindon 105.5 FM. This is a fantastic opportunity for clients to showcase their work and be involved in production and engineering.

Therapeutic Creative Writing Courses

The creative writing courses offer an opportunity to explore the written word in a facilitated group. There is a mix of poetry, short stories and songs created by the clients embracing this very effective modality.

The safe space created by the tutor gives a platform for exploring the creative mind and can prove to be a very effective tool to learn and use as a healthy way to express thoughts and feelings.

Talking Therapies

What makes us unique is that clients are not limited to the 6 or 12 sessions of treatment that they can experience under NHS treatment services.

Our Counsellors come from a varied background of theoretical training which enables us to try to meet the needs of each individual.

Our Counselling & Psychotherapy Services are accessible to both 1:1 or couples. All Counsellors abide by the 'British Association for Counsellors and Psychotherapists' ethical guidelines and the charity is registered with them as our governing body.

Page 2

IPSUM

Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES

Mindfulness, Meditation and Relaxation

IPSUM facilitates mindfulness and meditation courses run over a six-week period which teaches the art of healthy relaxation.

Exploring the theory behind the very healthy and powerful coping mechanism of relaxation underpins the learning and increases the client's self-awareness.

At the end of this course the client will have a life-long coping tool they can use in any situation.

Professional Training

IPSUM holds Continuing Professional Development days for Counsellors. We also offer training packages and team building days to organisations.

We offer a range of CPD training including

'Managing Risky Situations'. 'Conflict in the Workplace' 'Stress, Anxiety and Mood management' 'How to manage difficult conversations'

Teambuilding

We use our Creative Studios as a platform to create that bespoke Teambuilding Day unlike any you have experienced before.

No need to worry about bad weather spoiling your employees' experience. A warm and inviting studio provides the space to challenge the group dynamics and bring your team together writing and recording their song in a day. And if music isn't the draw for your team then we can tailor a Teambuilding Day with a few surprises in the Art Studios where the team creates a masterpiece.

The Ground Café

A weekly drop in Café session is on offer for all our clients. This creates a safe space for clients to meet with others and widen their social circles through meeting with a diverse group of people. This is also a good place to hear about upcoming events and courses at IPSUM.

Public benefit

The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.

Page 3

IPSUM

Report of the Trustees

for the Year Ended 31 March 2025

ACHIEVEMENTS AND PERFORMANCE Charitable activities

Supervision

In line with BACP requirements, we employ five independent, accredited supervisors who provide monthly supervision and regular appraisals for all staff, managers, and volunteers. This ensures high standards of care, professional development, and staff wellbeing. Our Supervision Policy is available on request.

Equality, Diversity, and Inclusion

Accessibility and inclusivity are at the heart of IPSUM. We recognise that traditional talk-based therapies may not suit everyone, especially children and young people (C&YP) with SEND or neurodivergence. Our eclectic, child-centred approach adapts to individual communication preferences-whether through art, music, lyric writing, body movement, or other creative outlets.

Our Equality and Diversity Policy guides our recruitment and service delivery, ensuring representation from underrepresented backgrounds and those with lived experience. We also offer services at outreach sites to further reduce barriers.

New in 2024/25 : IPSUM now offers a 7-day-a-week service , including weekends, to increase accessibility for those unable to attend during the week-particularly young peo ple in education.

We have developed bespoke pictorial assessment tools and short films for virtual tours, helping to reduce anxiety for new service users, especially those on the autistic spectrum.

Safeguarding

Safeguarding is central to our work. We have robust, written policies for both adults and young people, in line with statutory guidance and best practice. All staff and volunteers are trained to recognise and respond to safeguarding concerns, with clear procedures for reporting and information sharing.

Key Principles:

Our Therapeutic Creative Model

IPSUM believes in prevention and early intervention to avoid crisis. Creative therapies are proven to:

Our Services

Talking Therapies

Music Studios

Arts & Crafts

Ipsum Youth (Ages 6-24)

Page 4

IPSUM

Report of the Trustees

for the Year Ended 31 March 2025

Launched five years ago, Ipsum Youth has grown from supporting 79 children in its first year to 343 children in 2024/25 . We have seen a sharp rise in referrals from professionals, schools, GPs, and families.

Impact Snapshot (100 YPs):

Adult Services

Our adult services are delivered by therapists with a range of lived experiences, including LGBTQ+ status, bullying, care-experience, and bereavement. Peer-support volunteers are also available.

FINANCIAL REVIEW

Financial position

The charity is in a stable financial position following the 2024-25-year end.

At 31 March 2025, total funds held were £411,782, of which restricted funds are £9,841 and designated funds are £144,254. Designated funds include £117,199 of Functional Fixed Assets which are held for charity use (including those used for the running and administration of the charity) and £36,740 for ongoing property maintenance and new projects .

Income generation is IPSUM's major focus to sustain its work/service offerings, IPSUM must be able to generate sufficient income to cover costs by generating enough funds to cover staff & non-staff overheads and key activities.

Our income is generated from numerous sources, including trusts in the form of grants, public fundraising, commissioning for contracts. We have various approaches to generating income from as many different sources, these are supported by marketing activities i.e., Facebook, fundraisers, promotional radio interviews etc. aimed at connecting to supporters, donors, and funders.

Income from the Counselling services has delivered directly to our mission and secured income this year of £45,968. We have seen a steady demand for our new training offers and plans are in place to develop these services further over the next year.

Overall expenditure in the year was £339,132 and reflects the increase in the number of staff and associated costs to deliver new programmes and activities.

The unrestricted funds, excluding designated funds, show a healthy balance of £257,687, which will allow us to invest in the infrastructure of the organisation needed after several years of growth. It also helps us to weather cashflow variations in funder payments.

IPSUM continually demonstrates tightly managed cost control processes, with the introduction of on-boarding new services and the expenditure required to run the projects, every pound is scrutinised before being committed to.

Funding and Sustainability

We are grateful for the continued support of our funders:

Sustaining continuity of care remains our top priority. The Trustees are actively seeking additional core funding to ensure IPSUM can continue and expand its vital services to meet growing community needs.

Page 5

IPSUM

Report of the Trustees for the Year Ended 31 March 2025

FINANCIAL REVIEW

Reserves policy

Free Reserves stood at £257,687 at the year end. This was equivalent to 9 months running costs. The charity aims to hold free reserves between 6 and 12 months running costs in order to manage cashflow needs as well as to meet unexpected costs or to fund new projects before external funding is identified.

The Charity also holds designated funds of £144,254 which have been designated for the following purposes:

£117,199 - Functional Fixed Assets (on the basis that the fixed assets are not freely available to spend on day to day costs).

£6,555 - building improvements - funds designated for the ground floor repairs, replacing windows and boiler.

£20,500 - funds designated for the new Counselling service provision in Cirencester and Digital Music 1-day programme

FUTURE PLANS

As demand for our services continues to rise, IPSUM remains committed to innovation, accessibility, and excellence in mental health support. We are proud of the difference we make in the lives of individuals and families across Swindon and beyond.

We thank our staff, volunteers, funders, and the community for their ongoing support and look forward to another year of growth and impact.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

Executive Committee Members are elected via the AGM. Anyone wishing to join the organisation as a trustee is required to put their name forward to the next available AGM and be elected onto the Committee. Each year one third of the Trustees are required to put their names forward for re-election at the AGM. This is done on a rotating basis.

The trustees have a range of experience, x2Company Owners, A Commercial Director/Owner, a Business Development Director, a HR Trustee.

Organisational structure

IPSUM is managed by the Executive Committee on which the Trustees serve and is responsible for the legal and financial management of the organisation. The Executive Committee meets 8 times a year and makes strategic decisions regarding the long-term development of the organisation. The Executive Committee is comprised of members from a wide and varied background. Key members of the volunteer group, service users and staff team are also invited to attend meetings as appropriate.

The charity makes decisions at the bi-monthly Executive Committee meetings. All Executive Committee meetings have an Agenda and items to be discussed are included and sent out in advance of the meetings, as are the minutes of the meeting and financial papers. All decisions are reached through discussion and consensus with the view of the representatives being considered. If no consensus is reached a vote would be taken, and in the case of a split decision the Chairperson would have the casting vote.

The trustees delegate day-to-day management to the Director, Julie Mattinson.

Induction and training of new trustees

New trustees go through an induction process to explain their responsibilities, the work of IPSUM, and to introduce them to key personnel within the organisation.

Key management remuneration

The board of trustees review the pay of the Director on an annual basis.

Page 6

IPSUM

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

IPSUM's Board of Trustees regularly review and assess the risks faced by our charity in all areas of its work and plan for the management of those risks. Risk is an everyday part of our charitable activity and managing it effectively is essential for the trustees to achieve their key objectives and safeguard their charity's funds and assets.

IPSUM's approach for Operational risk is covered off across four stages which involve the preparing of a risk assessment, this could be for a project, organisation or set of operating processes.

These are:

Risk management is an ongoing process and has been fully integrated into our project management and review processes.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1176614

Principal address

Bradford House 13 Milton Road Swindon Wiltshire SN1 5JE

Trustees

A Gould (resigned 15.7.24) Dr J Gould (resigned 15.7.24) M Woolls (resigned 8.2.25) C Mattinson L Baker A Wardall M Hindle (appointed 15.7.24) C Triscott (appointed 8.2.25)

Independent Examiner

James Gare FCA DChA Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Approved by order of the board of trustees on ....... 22nd August 2025...... and signed on its behalf by:

........................................................................ M Hindle - Trustee

Page 7

Independent Examiner's Report to the Trustees of IPSUM

Independent examiner's report to the trustees of IPSUM

I report to the charity trustees on my examination of the accounts of IPSUM (the Trust) for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 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.

James Gare FCA DChA

Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Date: .............................................22 August 2025

Page 8

IPSUM

Statement of Financial Activities for the Year Ended 31 March 2025

Unrestricted
Designated
fund
Fund
Notes
£
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
2
24,927
-
Charitable activities
4
Advice, Information & Therapy
152,074
-
Other trading activities
3
-
-
Total
177,001
-
EXPENDITURE ON
Raising funds
5
388
-
Charitable activities
6
Advice, Information & Therapy
132,650
12,065
Total
133,038
12,065
NET INCOME/(EXPENDITURE)
43,963
(12,065)
Transfers between funds
17
(1,084)
1,084
Net movement in funds
42,879
(10,981)
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported
192,758
155,235
Prior year adjustment
12
22,050
-
As restated
214,808
155,235
TOTAL FUNDS CARRIED
FORWARD
257,687
144,254		 Restricted
funds
£
180,770
-
-
180,770
-
194,029
194,029
(13,259)
-
(13,259)
23,100
-
23,100
9,841		 2025
2024
Total
Total
funds
funds
as restated
£
£
205,697
54,294
152,074
141,966
-
946
357,771
197,206
388
17,151
338,744
315,505
339,132
332,656
18,639
(135,450)
-
-
18,639
(135,450)
371,093
528,593
22,050
-
393,143
528,593
411,782
393,143

The notes form part of these financial statements

Page 9

IPSUM

Balance Sheet

31 March 2025

Unrestricted
Designated
fund
Fund
Notes
£
£
FIXED ASSETS
Tangible assets
14
-
117,199
CURRENT ASSETS
Debtors
15
33,630
-
Cash at bank and in hand
236,138
27,055
269,768
27,055
CREDITORS
Amounts falling due within one
year
16
(12,081)
-
NET CURRENT ASSETS
257,687
27,055
TOTAL ASSETS LESS
CURRENT LIABILITIES
257,687
144,254
NET ASSETS
257,687
144,254
FUNDS
17
Unrestricted funds:
General fund
Designated fund for functional fixed assets
Designated fund - building improvements
Designated fund - building refurbishments
Designated fund - Projects
Restricted funds:
Youth support
Counselling and art intervention
Music and art project
Art and music therapies for young people
TOTAL FUNDS		 Restricted
funds
£
-
-
9,841
9,841
-
9,841
9,841
9,841		 2025
2024
Total
Total
funds
funds
as restated
£
£
117,199
118,494
33,630
44,814
273,034
237,257
306,664
282,071
(12,081)
(7,422)
294,583
274,649
411,782
393,143
411,782
393,143
257,687
214,808
117,199
118,495
6,555
8,940
-
7,300
20,500
20,500
401,941
370,043
-
10,400
-
12,700
6,383
-
3,458
-
9,841
23,100
411,782
393,143

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 22 August 2025

............................................. M Hindle - Trustee

............................................. C Triscott - Trustee

The notes form part of these financial statements

Page 10

IPSUM

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared on a going concern basis and are presented in Sterling which is the functional currency of the Charity, and rounded to the nearest pound.

There are no significant areas of judgements or key sources of estimation uncertainty.

Going concern

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

General information and Legal status of the Charity

The charity is a charitable incorporated organisation. The address of the registered office is given in the . trustees report.The nature of the charity's operations and principal activities are given in the trustees report.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 1% straight line Computer and music equipment - 25% on straight line basis

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 11

continued...

IPSUM

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Financial risk management

The charity has minimal exposure to customer credit risk, liquidity risk and market risk. Please refer to the risk section of the trustees annual report for information on how risks are managed. The charity does not have any non basic financial instruments.

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 discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity 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 normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
Grants received, included in the above, are as follows:
Big Lottery
Department for Health
Global's Make Some Noise
Children in Need
Swindon Music Service
OTHER TRADING ACTIVITIES
Fundraising events		 2025
2024
as restated
£
£
6,857
16,314
16,320
15,930
182,520
22,050
205,697
54,294
2025
2024
as restated
£
£
62,650
-
74,220
22,050
31,000
-
12,900
-
1,750
-
182,520
22,050
2025
2024
as restated
£
£
-
946

3. OTHER TRADING ACTIVITIES

Page 12

continued...

IPSUM

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Client fees
Advice, Information & Therapy
Contracts for services
Advice, Information & Therapy
5.
RAISING FUNDS
Raising donations and legacies
Bid writing fee
Fundraising costs
6.
CHARITABLE ACTIVITIES COSTS
Advice, Information & Therapy
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Supervision, Counselling and Therapists
8.
SUPPORT COSTS
Management
£
Advice, Information & Therapy
56,748
Support costs, included in the above, are as follows:
Insurance
Telephone and internet
Postage, stationery and computer expenses
Travel and subsistence
Sundries
Utilities & running costs
Depreciation of tangible and heritage assets
Bank charges
Accountancy and independent examination
Subscriptions		 2025
2024
as restated
£
£
80,464
71,966
71,610
70,000
152,074
141,966
2025
2024
as restated
£
£
-
17,032
388
119
388
17,151
Direct
Support
Costs (see
costs (see
note 7)
note 8)
Totals
£
£
£
273,937
64,807
338,744
2025
2024
as restated
£
£
248,873
229,829
25,064
11,828
273,937
241,657
Governance
Finance
costs
Totals
£
£
£
446
7,613
64,807
2025
2024
as restated
Advice,
Information
Total
& Therapy
activities
£
£
3,331
3,125
2,618
2,672
2,885
10,837
7,117
5,140
13,448
11,775
24,969
31,739
2,380
2,560
446
302
3,434
3,292
4,179
2,406
64,807
73,848

Page 13

continued...

IPSUM

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
2024
as restated
£
£
231,158
215,555
13,283
10,661
4,432
3,613
248,873
229,829

The average monthly number of employees during the year was as follows:

Therapists
Administration		 2025
2024
as restated
9
8
2
2
11
10

No employees received emoluments in excess of £60,000.

The total employee benefits for key management personnel of the charity were £62,420 (2024: £55,548) (inclusive of employers national insurance). Key management personnel for the charity comprises the chief executive officer.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Designated
fund
Fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
27,244
-
Charitable activities
Advice, Information & Therapy
141,966
-
Other trading activities
946
-
Total
170,156
-
EXPENDITURE ON
Raising funds
14,091
-
Charitable activities
Advice, Information & Therapy
185,137
16,410
Total
199,228
16,410
NET INCOME/(EXPENDITURE)
(29,072)
(16,410)
Transfers between funds
(2,050)
2,050
Net movement in funds
(31,122)
(14,360)		 Restricted
Total
funds
funds
as restated
£
£
27,050
54,294
-
141,966
-
946
27,050
197,206
3,060
17,151
113,958
315,505
117,018
332,656
(89,968)
(135,450)
-
-
(89,968)
(135,450)

continued...

Page 14

IPSUM

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Designated
fund
Fund
£
£
RECONCILIATION OF FUNDS
Total funds brought forward
245,930
169,595
TOTAL FUNDS CARRIED FORWARD
214,808
155,235		 Restricted
Total
funds
funds
as restated
£
£
113,068
528,593
23,100
393,143
393,143

12. PRIOR YEAR ADJUSTMENT

The financial statements for the year ended 31 March 2024 omitted accrued grant income of £22,050. Therefore this has been treated as a prior year adjustment. At 31 March 2024 the income and net assets of the charity increased by £22,050.

13. GOVERNMENT GRANT AND CONTRACT INCOME

2025 2024
£ £
Swindon Borough Council 71,610 70,000
Secretary of State for Health and Social Care 74,220 22,050

There were no unfulfilled conditions or other contingencies attached to these grants. The charity has not directly benefited from any other forms of government assistance.

14. TANGIBLE FIXED ASSETS

COST
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Freehold
property
£
123,894
-
123,894
7,309
1,239
8,548
115,346
116,585		 Computer
and music
equipment
£
11,645
1,084
12,729
9,736
1,140
10,876
1,853
1,909		 Totals
£
135,539
1,084
136,623
17,045
2,379
19,424
117,199
118,494

Page 15

continued...

IPSUM

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments and accrued income
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accruals and deferred income
17.
MOVEMENT IN FUNDS
Prior
year
At 1.4.24
adjustment
£
£
Unrestricted funds
General fund
192,758
22,050
Designated fund for
functional fixed assets
118,495
-
Designated fund - building
improvements
8,940
-
Designated fund - building
refurbishments
7,300
-
Designated fund - Projects
20,500
-
347,993
22,050
Restricted funds
Youth support
10,400
-
Counselling and art
intervention
12,700
-
Music and art project
-
-
Art and music therapies for
young people
-
-
23,100
-
TOTAL FUNDS
371,093
22,050		 Net
movement
in funds
£
43,963
(2,380)
(2,385)
(7,300)
-
31,898
(10,400)
(12,700)
6,383
3,458
(13,259)
18,639		 2025
2024
as restated
£
£
2,550
325
31,080
44,489
33,630
44,814
2025
2024
as restated
£
£
4,354
1,122
4,673
4,260
3,054
2,040
12,081
7,422
Transfers
between
At
funds
31.3.25
£
£
(1,084)
257,687
1,084
117,199
-
6,555
-
-
-
20,500
-
401,941
-
-
-
-
-
6,383
-
3,458
-
9,841
-
411,782

Page 16

continued...

IPSUM

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fund for functional fixed assets
Designated fund - building improvements
Designated fund - building refurbishments
Restricted funds
Youth support
Counselling and art intervention
Suicide prevention
Counselling
Music and art project
Art and music therapies for young people
TOTAL FUNDS		 Incoming
resources
£
177,001
-
-
-
177,001
-
-
74,220
31,000
62,650
12,900
180,770
357,771		 Resources
Movement
expended
in funds
£
£
(133,038)
43,963
(2,380)
(2,380)
(2,385)
(2,385)
(7,300)
(7,300)
(145,103)
31,898
(10,400)
(10,400)
(12,700)
(12,700)
(74,220)
-
(31,000)
-
(56,267)
6,383
(9,442)
3,458
(194,029)
(13,259)
(339,132)
18,639		 Resources
Movement
expended
in funds
£
£
(133,038)
43,963
(2,380)
(2,380)
(2,385)
(2,385)
(7,300)
(7,300)
(145,103)
31,898
(10,400)
(10,400)
(12,700)
(12,700)
(74,220)
-
(31,000)
-
(56,267)
6,383
(9,442)
3,458
(194,029)
(13,259)
(339,132)
18,639
31,898
(10,400)
(12,700)
-
-
6,383
3,458
(13,259)
18,639

Comparatives for movement in funds

Unrestricted funds
General fund
Designated fund for functional fixed assets
Designated fund - building improvements
Designated fund - building refurbishments
Designated fund - Projects
Restricted funds
Youth support
Counselling and art intervention
Business development
Youth and young adults support
TOTAL FUNDS		 At 1.4.23
£
245,930
119,005
22,790
7,300
20,500
415,525
72,430
34,221
3,060
3,357
113,068
528,593		 Net
movement
in funds
£
(29,072)
(2,560)
(13,850)
-
-
(45,482)
(62,030)
(21,521)
(3,060)
(3,357)
(89,968)
(135,450)		 Transfers
between
funds
£
(2,050)
2,050
-
-
-
-
-
-
-
-
-
-		 At
31.3.24
£
214,808
118,495
8,940
7,300
20,500
370,043
10,400
12,700
-
-
23,100
393,143

Page 17

continued...

IPSUM

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 170,156 (199,228) (29,072)
Designated fund for functional fixed assets - (2,560) (2,560)
Designated fund - building improvements - (13,850) (13,850)
170,156 (215,638) (45,482)
Restricted funds
Youth support - (62,030) (62,030)
Counselling and art intervention - (21,521) (21,521)
Business development - (3,060) (3,060)
Youth and young adults support - (3,357) (3,357)
Suicide prevention 5,000 (5,000) -
Suicide prevention 22,050 (22,050) -
27,050 (117,018) (89,968)
TOTAL FUNDS 197,206 (332,656) (135,450)

Youth support - grant to support young people, many of whom come from high risk groups, such as those experiencing suicidal ideation, present with a range of complex needs, schizophrenia, drug and alcohol addictions, loneliness and isolation, and self-harm amongst others.

Counselling and Art intervention - grant received to increase the existing services to meet the increased needs of the local community and create new opportunities to get involved in the therapeutic creative arts and music, with a mixture of face to face and media sessions.

Suicide prevention - a grant to prevent suicide through informing and improving practice, connecting people and organisations

Counselling - a grant to fund the counselling service.

Music and art project - a grant to fund the music and art project to 2028.

Art and music therapies for young people - a grant to fund art and music therapies for children and young people affected by complex mental health issues.

Designated Fund for Functional Assets - to ensure that adequate reserves are set aside to allow for the depreciation of the Charity's fixed assets.

Designated fund - building improvements - funds designated for the ground floor repairs, replacing windows and boiler.

Designated fund - building refurbishments - funds designated for the new kitchen and carpets.

Designated fundprojects - funds designated for the new Counselling service provision in Cirencester and Digital Music 1-day programme

Transfers between funds

The following transfers took place during the year:

Transfer to Transfer from Amount £ Reason
Designated fund for functional fixed assets General fund 1,084 Fixed assets purchased

Page 18

continued...

IPSUM

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

18. RELATED PARTY DISCLOSURES

The wife of the trustee, C Mattinson, is the Chief Executive Officer of the Charity. C Mattinson was not involved in the appointment of the CEO and the Charity has put processes in place to avoid any conflicts of interest.

Page 19

IPSUM

Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Other trading activities
Fundraising events
Charitable activities
Client fees
Contracts for services
Total incoming resources
EXPENDITURE
Raising donations and legacies
Bid writing fee
Fundraising costs
Charitable activities
Wages
Social security
Pensions
Supervision, Counselling and Therapists
Support costs
Management
Insurance
Telephone and internet
Postage, stationery and computer expenses
Travel and subsistence
Sundries
Utilities & running costs
Freehold property
Computer equipment
Finance
Bank charges
Governance costs
Accountancy and independent examination
Subscriptions		 2025
2024
as restated
£
£
6,857
16,314
16,320
15,930
182,520
22,050
205,697
54,294
-
946
80,464
71,966
71,610
70,000
152,074
141,966
357,771
197,206
-
17,032
388
119
388
17,151
231,158
215,555
13,283
10,661
4,432
3,613
25,064
11,828
273,937
241,657
3,331
3,125
2,618
2,672
2,885
10,837
7,117
5,140
13,448
11,775
24,969
31,739
1,239
1,239
1,141
1,321
56,748
67,848
446
302
3,434
3,292
4,179
2,406
7,613
5,698		 2025
2024
as restated
£
£
6,857
16,314
16,320
15,930
182,520
22,050
205,697
54,294
-
946
80,464
71,966
71,610
70,000
152,074
141,966
357,771
197,206
-
17,032
388
119
388
17,151
231,158
215,555
13,283
10,661
4,432
3,613
25,064
11,828
273,937
241,657
3,331
3,125
2,618
2,672
2,885
10,837
7,117
5,140
13,448
11,775
24,969
31,739
1,239
1,239
1,141
1,321
56,748
67,848
446
302
3,434
3,292
4,179
2,406
7,613
5,698
54,294
946
71,966
70,000
141,966
197,206
17,032
119
17,151
215,555
10,661
3,613
11,828
241,657
3,125
2,672
10,837
5,140
11,775
31,739
1,239
1,321
67,848
302
3,292
2,406
5,698

This page does not form part of the statutory financial statements

Page 20

IPSUM

Total resources expended
Net income/(expenditure)		 Detailed Statement of Financial Activities
for the Year Ended 31 March 2025		 2025
2024
as restated
£
£
339,132
332,656
18,639
(135,450)

This page does not form part of the statutory financial statements

Page 21