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2024-03-31-accounts

Charitable Incorporated Organisation registration number: 1177831

The Mintridge Foundation

Annual Report

For the Year Ended 31 March 2024

THE MINTRIDGE FOUNDATION

ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

CONTENTS

Page Trustees’ Report 1 – 6 Independent Examiners' Report Accounting Policies 8 - 9 Statement of Financial Activities 10 Balance Sheet 11 Notes to the Accounts 12 - 17

THE MINTRIDGE FOUNDATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees of the Charitable Incorporated Organisation present their report along with the financial statements of the Charitable Incorporated Organisation for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out on pages 7and 8 of the financial statements and comply with the Charitable Incorporated Organisation’s Memorandum and Articles, the Charities Act 2011 and the requirements of the Statement of Recommended Practice 2015: Accounting and Reporting by Charities.

Reference and administration details

Official name of CIO: The Mintridge Foundation
CIO registration number: 1177831
Registered Office: Unit 4
Shieling Court
Corby
NN18 9QD
Trustees: Kate Harriet Rham – Since October 2022
Karin Charlotte Seymour – Since October 2022
John James Doonan – Since October 2022
Thomas Cardwell – Since August 2022
Karrie Bassett – Since August 2022
Tara Katharine Maria Belcher – Since December 2019
Jackie Scully – Since December 2019 (Retired September 2023)
Clair Sally Peck – Since August 2019
Neil Jewsbury – appointed 22ndJuly 2024
Chief Executive: Mrs Alexandra Jayne Wallace
Independent Examiners: Affinity (UK) Limited
Unit 4
Shieling Court
Corby
NN18 9QD

1

THE MINTRIDGE FOUNDATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued)

Structure, Governance and Management Governing document

The Mintridge Foundation is a registered Charitable Incorporated Organisation with the Charity Commission, governed by its constitution.

Appointment of Trustees

Trustees are appointed by the current Trust Board for a term of three years. Upon completion of the term, the trustee has the option to either step down or seek re-election. The Mintridge Foundation is committed to safeguarding and promoting the welfare of all children, expecting this commitment to be shared by all staff, Trustees, Ambassadors, Partners, volunteers, and supporters. Successful trustees undergo an enhanced DBS check.

Objectives and Activities

The objects of the CIO are, for the public benefit:-

To advance the physical and mental health and well-being of children and young people; and To advance the physical education and development of children and young people; in particular but not exclusively by:- working with schools, colleges, sport clubs, universities and national governing bodies within the community to:-

Public Benefit

The board of trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.

Risk management

The trustees are committed to the identification and management of the major strategic, business and operational risks which the Charitable Incorporated Organisation faces. The trustee board is committed to the identification and management of risk and believe that this must be achieved by supporting a structured and focused approach to risk management through its risk management framework. The Mintridge Foundation will wherever possible minimise risk to staff and members of the public and is dedicated to establishing a culture that ensures risk management is an integral part of everything it does. It will provide realistic resources to implement and support effective risk management within the foundation.

The CIO outlines the framework for managing the risks that it may face. The Trustees regularly review and assess the risks faced by the CIO in all areas of its work and plan for the management of those risks. Risk is an everyday part of charitable activity and managing it effectively is essential if the trustees are to achieve their key objectives and safeguard their charity's funds and assets. The framework considers the following:

The objectives of the risk management policy are to address the key risks that the CIO may face and to:

2

THE MINTRIDGE FOUNDATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued)

Achievements and Performance

Between 1st April 2023 and 31st March 2024, the Mintridge Foundation delivered 83 programmes across the UK impacting 10,040 young people. Stimpson Academy in June 2023 was our 500[th] Programme Celebration!

56 of these were delivered as part of our Bronze Programme.

As part of the Bronze Programme, the Mintridge Foundation Ambassadors deliver inspirational presentations and classroom sessions to share their unique story. They also deliver coaching sessions (to kickstart a healthy sporting journey or to help nurture existing pathways) and classroom visits across the day tailored to suit a school / club schedule.

A Mintridge representatives are present throughout to organise the administrative, logistical and safeguarding elements.

13 of these were a virtual Bronze Programme which often meant a short webinar and Q&A to aid travelling constraints/financial budgets.

8 of the 83 programmes also included a 1-1 mentoring element impacting 16 young people.

To ensure the greatest legacy and to offer continued support for mental and physical fitness, in silver programmes, students have the opportunity to be mentored remotely by the Ambassador for a period of six months following the Bronze Visit. The Mintridge safeguarding policy applies during this time.

Mintridge worked with the staff and coaches to match the mentor and mentee. This has positive repercussions on their peers. The experience ensures both parties leave enriched and inspired.

6 Programmes were Gold Programmes where students received tickets to watch our Ambassadors in action, as well as enabling more in-person time to ensure an even greater level of support. This element also allowed behind-thescenes access at a live sports fixture to showcase the opportunities of sport for mentees and their families. Watching sport is exciting, engaging, visceral. Watching sport is key to learning and performance, improving our own capability. Sport brings together observing, learning and doing. Programmes included Northampton Saints Rugby, London City Lionesses and the Hundred Cricket.

Once again, with the popularity of netball, this has been the biggest sporting choice for our beneficiaries as there has been a rise in the demand for female sports and role models. 18 of our our programmes included netball. Pamela Cookey, Eboni Usoro – Brown and Georgia Lees were three Ambassadors that delivered the netball elements of the Mintridge Foundation.

After netball, our cricket programme was the second most popular. Wheelchair basketball and para canoe programmes were very popular throughout the period highlighting the rise in demand for schools to demonstrate Equality, Diversity and Inclusion within their settings.

3

THE MINTRIDGE FOUNDATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued)

VOLUNTARY INCOME

Due to being a small team, during 1[st] April 2023 to 31[st] March 2024, the Mintridge Foundation has looked for other ways for individuals and organisations to support the charity, particularly with voluntary income being increasingly harder to receive. With this in mind, Pro Bono support in programme co-ordination, marketing and PR has helped us reach an increasing number of beneficiaries. The team continue to look for different channels to reach more young people.

SAFEGUARDING REPORT – 1[ST] APRIL 2023 – 31[ST] MARCH 2024

Sally Peck OBE as the Trustee Lead for Safeguarding can confirm that all cases during the period have been closed/archived. The cases can be highlighted in the graph below, monitored by the Mintridge Foundation Online Safeguarding System (monitored by Safeguard My School as part of TES).

To view the Mintridge Foundation Safeguarding Policy, please visit: SAFEGUARDING — The Mintridge Foundation

The Mintridge Foundation Policies & Procedures

The Mintridge Foundation has a number of policies in place to ensure that it operates effectively, promotes good governance and explain how we meet our legal responsibilities. The policies can be found on the following page on our website: www.mintridgefoundation.org.uk/mintridgepolicies

Financial Review

During the year ended 31 March 2024, The Mintridge Foundation reported a surplus on unrestricted funds of £47,732, a deficit on designated funds of £3,639 and a movement of £508 on restricted funds.

Income from charitable activities comprises income generated through various sporting programs operated throughout the period, and totalled £191,737

4

THE MINTRIDGE FOUNDATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued)

Reserves Policy

Unrestricted reserves currently stand at £66,041. These are funds that carry no restrictions or designations over their use.

Designated reserves total £10,074. These are funds that have been designated for set programmes by the trustees where no formal restrictions have been put in place.

Restricted reserves total £508. These donations are restricted for use against specific programmes run by the Foundation.

The charity has adopted a reserves policy and has set a target such that free reserves (the general fund) should total 3 months of total organisational operating costs based on the next budget year.

This policy is regularly reviewed to ensure that it meets the organisation’s changing needs and circumstances.

Funds can be designated for the following items: Significant capital spend Piloting new services

Designated funds should be used within 2 years of their target date. If this does not take place, they should either be released back into free reserves or re-approved for designation.

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charitable Incorporated Organisation and of the incoming resources and application of resources of the Charitable Incorporated Organisation for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable Incorporated Organisation and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charitable Incorporated Organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the Charitable Incorporated Organisation and financial information included on the Charitable Incorporated Organisation‘s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

5

THE MINTRIDGE FOUNDATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued)

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Neil Jewsbury

Neil Jewsbury (Jan 30, 2025 11:28 GMT)

Mr Neil Jewsbury

The Mintridge Foundation Chair of Trustees (Appointed July 2024)

Date: Jan 30, 2025

6

INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF THE MINTRIDGE FOUNDATION

I report to the Charitable Incorporated Organisation trustees on my examination of the accounts of the Charitable Incorporated Organisation for the year ended 31 March 2024, which are set out on pages 7 to 16.

Responsibilities and basis of report

As the Charitable Incorporated Organisation’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 Charitable Incorporated Organisation’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's 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:

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.

Yasmin Shaikh (Jan 29, 2025 11:40 GMT)

Mrs Yasmin Shaikh Accountant Affinity (UK) Limited Unit 4 Shieling Court Corby Northants NN18 9QD

7

THE MINTRIDGE FOUNDATION

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) General information and basis of preparation

The Mintridge Foundation is a Charitable Incorporated Organisation registered in England. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the Charitable Incorporated Organisation’s operations and principal activities are as set out in the Trustees’ report.

The Charitable Incorporated Organisation constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016).

The Charitable Incorporated Organisation has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling, which is the functional currency of the Charitable Incorporated Organisation.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

(b) Funds

Unrestricted funds are funds that are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and that have not been designated for other purposes.

Designated funds are funds that have been earmarked for use on certain programs by the Trustees, in line with the non-binding wishes of the donor.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by the donor.

(c) Going concern

The charity has prepared cashflow forecasts to 31 January 2026, which show a projected cash surplus.

After due consideration of all relevant factors, the trustees have a reasonable expectation that the Charitable Incorporated Organisation has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

(d) Incoming resources

Incoming resources primarily represent funds generated from donations and the operation of sporting programs. Income is recognised once the charity has entitlement to the resources, it is probable that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.

(e) Charitable activities

Charitable activities comprise the operation of sporting programs for young people.

(f) Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Support costs comprise all costs incurred in the running of the charity.

8

THE MINTRIDGE FOUNDATION

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(g) Fixed assets

Individual assets with a useful life of over 12 months are capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:

Asset class Office equipment

Depreciation rate 33% p.a.

9

THE MINTRIDGE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024

Notes
Incoming resources
Incoming resources from generated funds
Other income
1
Voluntary Income
2
Incoming resources from charitable activities
Total incoming resources
Resources expended
Charitable activities
4
Raising funds
5
Support costs
6
Office costs
7
Total resources expended
Net incoming/(outgoing) resources
Transfers between funds
Net movement in funds
Fund balances brought forward
14
Fund balances carried forward
14
Year ended 31
March 2023
Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
Total Funds
£
£
£
£
£
2,106
-
-
2,106
-
48,958
1,291
508
50,757
52,551
138,874
-
-
138,874
99,277
189,938
1,291
508
191,737
151,828
688
-
-
688
39,393
57,610
3,492
-
61,102
44,351
72,344
560
-
72,904
44,441
11,564
878
-
12,442
7,160
142,206
4,930
-
147,136
135,345
47,732
(3,639)
508
44,601
16,483
-
-
-
-
-
47,732
(3,639)
508
44,601
16,483
18,309
13,713
-
32,022
15,539
66,041
10,074
508
76,623
32,022
Year ended 31 March 2024

The notes on pages 11 to 16 form part of these financial statements.

10

THE MINTRIDGE FOUNDATION

BALANCE SHEET CHARITY NUMBER 1177831

AS AT 31 MARCH 2024

Notes
31 March
2024
£
NON-CURRENT ASSETS
Office equipment
8
257
CURRENT ASSETS
Debtors
9
44,430
Cash at bank and in hand
10
55,671
100,101
CREDITORS
Amounts falling due within one year
12
4,712
NET CURRENT ASSETS/LIABILITIES
95,389
NON-CURRENT LIABILITIES
Amounts falling due after one year
12
19,023
NET ASSETS/(LIABILITIES)
76,623
RESERVES
Restricted Funds
14
508
Designated Funds
14
10,074
General Fund
14
66,041
76,623
31 March
2023
£
384
32,362
33,102
65,464
6,023
59,441
27,803
32,022
-
13,713
18,309
32,022

For the year in question, the Charitable Incorporated Organisation was entitled to exemption from an audit under section 477 of the Companies Act 2006.

The trustees have not required the Charitable Incorporated Organisation to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements were approved and authorised for issue by the Board on and signed on its behalf by:

Neil Jewsbury Neil Jewsbury (Jan 30, 2025 11:28 GMT) Mr Neil Jewsbury Trustee DATE Jan 30, 2025

The notes on pages 11 to 16 form part of these financial statements.

11

THE MINTRIDGE FOUNDATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2024

1
OTHER INCOME
Unrestricted income
Grants received
Other income
2
VOLUNTARY INCOME
Unrestricted income
General donations
Designated income
General donations
Restricted income
General donations
2024
£
2,000
106
2,106
2024
£
48,958
1,291
508
50,757
2023
£
-
-
-
2023
£
47,426
5,125
-
52,551

3 STAFF PARTICULARS

The Mintridge Foundation had 2 employees during the financial period (year ended 31 March 2023: 2 employees). No employees received employee benefits in excess of £60,000 (2023: Nil).

4 COST OF CHARITABLE ACTIVITIES

Unrestricted expenditure
Sporting programs
Designated expenditure
Sporting programs
Restricted expenditure
Sporting programs
2024
2023
£
£
688
39,393
-
-
-
-
688
39,393

12

THE MINTRIDGE FOUNDATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2024

5 COST OF RAISING FUNDS

2024 2023
Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
£ £ £ £ £ £ £ £
Fundraising expenses 7,606 - - 7,606 8,725 5,638 - 14,363
Programme expenses 33,949 3,492 - 37,441 17,924 - - 17,924
Ambassadors 16,055 - - 16,055 12,064 - - 12,064
57,610 3,492 - 61,102 38,713 5,638 - 44,351
6
SUPPORT COSTS
2024 2023
Unrestricted
Funds
Designated
Funds

Restricted
Funds
Total Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
£ £ £ £ £ £ £ £
Training 26 - - 26 991 - - 991
Staff salaries 57,956 560 - 58,516 35,746 4,926 - 40,672
Staff NIC 565 - - 565 659 212 - 871
Staff pensions 1,755 - - 1,755 1,408 344 - 1,752
Consultancy costs 12,042 - - 12,042 155 - - 155
72,344 560 - 72,904 38,959 5,482 - 44,441

6 SUPPORT COSTS

No trustees received remuneration during the year (2023: none)

13

THE MINTRIDGE FOUNDATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2024

7 OFFICE COSTS

General office expenditure
Bank charges and interest
Independent examiner's fees
Travel & subsistence
Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
£
£
£
£
£
£
£
£
10,831
878
-
11,709
5,956
-
-
5,956
733
-
-
733
872
-
-
872
-
-
-
-
-
-
-
-
-
-
-
-
332
-
-
332
11,564
878
-
12,442
7,160
-
-
7,160
2024
2023

8 OFFICE EQUIPMENT

Cost
At 31 March 2023
Additions
At 31 March 2024
Depreciation
At 31 March 2023
Charge
At 31 March 2024
Net Book Value
At 31 March 2024
At 31 March 2023
£
2,877
-
2,877
2,493
127
2,620
257
384

9 DEBTORS

Trade debtors
Other debtors
Accrued income
2024
2023
£
£
18,714
6,645
25,716
25,717
-
-
44,430
32,362

14

THE MINTRIDGE FOUNDATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2024

10 CASH AT BANK AND IN HAND

2024 2023
£ £
Cash at bank 55,671 33,102

11 TAXATION

The Charitable Incorporated Organisation is a registered charity and as such is not normally liable to corporation tax.

12 CREDITORS

12 CREDITORS
Due within one year
Bank loans and overdrafts
Trade creditors
Other taxation and social security
Other creditors
Accruals
Due after one year
Loans
2024
£
-
3,125
1,587
-
-
4,712
19,023
2023
£
-
4,115
1,908
-
-
6,023
27,803
13 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Restricted
Fund
£
Non-current assets
-
Current assets
-
Non-current liabilities
-
Current liabilities
-
-
Designated
Fund
£
-
-
-
-
-
Unrestricted
Fund
Total
£
£
257
257
100,101
100,101
(19,023)
(19,023)
(4,712)
(4,712)
76,623
76,623

15

THE MINTRIDGE FOUNDATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2024

14 MOVEMENT IN FUNDS

Restricted funds
Designated funds
Unrestricted funds
General fund
Total funds
At 31 March
2023
£
-
13,713
18,309
32,022
Income
£
508
1,291
189,938
191,737
Expenditure
£
-
(4,930)
(142,206)
(147,136)
Transfer
between funds
At 31 March
2024
£
£
-
508
-
10,074
-
66,041
-
76,623

Designated Funds include:

15 ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the trustees.

16

THE MINTRIDGE FOUNDATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2024

`

16 STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2024

Incoming resources
Incoming resources from generated funds
Other income
Voluntary Income
Incoming resources from charitable activities
Total incoming resources
Resources expended
Charitable activities
Raising funds
Support costs
Office costs
Total resources expended
Net incoming/(outgoing) resources
Transfer between funds
Fund balances brought forward
Fund balances carried forward
Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
£
£
£
£
2,106
-
-
2,106
48,958
1,291
508
50,757
138,874
-
-
138,874
Period ended 31 March 2024
189,938
1,291
508
191,737
688
-
-
688
57,610
3,492
-
61,102
72,344
560
-
72,904
11,564
878
-
12,442
142,206
4,930
-
147,136
47,732
(3,639)
508
44,601
-
-
18,309
13,713
-
32,022
66,041
10,074
508
76,623

17

The Mintridge Foundation Annual Report for year ended 31 Mar 2024 Final

Final Audit Report

2025-01-30

Created: 2025-01-29 By: ZUZANA MOSNAK (zuzana@affinity-limited.co.uk) Status: Signed Transaction ID: CBJCHBCAABAACWiK1Q37uAb908haPOW1c2On3R1pkrmu

"The Mintridge Foundation Annual Report for year ended 31 Mar 2024 Final" History

Document created by ZUZANA MOSNAK (zuzana@affinity-limited.co.uk)

2025-01-29 - 11:04:57 AM GMT- IP address: 172.167.169.217

Document emailed to yasmin@affinity-limited.co.uk for signature

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Email viewed by yasmin@affinity-limited.co.uk

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Document e-signed by Yasmin Shaikh (yasmin@affinity-limited.co.uk)

Signature Date: 2025-01-29 - 11:40:14 AM GMT - Time Source: server- IP address: 172.167.169.217

Document emailed to neil.jewsbury@tesco.com for signature

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Email viewed by neil.jewsbury@tesco.com

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Signer neil.jewsbury@tesco.com entered name at signing as Neil Jewsbury

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Document e-signed by Neil Jewsbury (neil.jewsbury@tesco.com)

Signature Date: 2025-01-30 - 11:28:15 AM GMT - Time Source: server- IP address: 82.71.197.86

Agreement completed.

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