Docusign Envelope ID." FA5D4BF&D74C44c￿A67￿EFD30BF403g
Charity number.. 1203012
RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

Docusign Envelope ID." FA5D4BF&D74C44c￿A67￿EFD30BF403g
RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
CONTENTS
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
Trustees. Report
Independent Examiner's Report
statement of Financial Activities
Balance Sheet
statement of Cash Flows
Notes to the Financial Statements
8-13

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RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Mr T S Dent, Chair
Dr D M Nolan, Trustee
Ms L Fennah, Trustee (resigned and reappointed on 8 November 20241
Mr F W Evans, Trustee
Charity reglstered
number
1203012
Prlnclpal offlce
62-64 New Cavendish Street
London
W1G 8TA
Accountants
James Cowper Kreston
8th Floor, Reading Bridge House
George Street
Reading
Berkshire
RG18LS
Bankers
Lloyds Bank
98 Victorica Street
London
SW1E SJL
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Docusign Envelope ID." FA5D4BF&D74C44c￿A67￿EFD30BF403g
RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the Charity for the year 1
Januaryto 31 December 2024.
The Trustees confirm that the Annual Report and financial statements of the charity comply with the current
statutory requirements, the requirements of the charitls governing document, the charity's constitution dated 11
April 2023, and the provisions of the Statement of Recommended Practice ISORPI applicable to charities,
preparing their accounts in accordan￿ with the financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021 (effective 1 January 20191.
Objectives and Activities
The relief of sickness for the public benefit in particular those suffering because of neurological condttions
affecting the brain and mind by promoting awareness of, and supporting and disseminating the results of,
research into the causes, prevention, diagnosis, treatment, and cure of conditions affecting the brain and mind.
We promote awareness and support research into the causes, prevention, diagnosis, treatment, and cure of
brain and mind conditions. We support charities and not-for-profil organisalions within the brain and mind
medical sphere.. offering grants to researchers conducting their work al registered institutions, providing
advocacy and advice as well as sharing outcomes. We operate in the UK and USA.
Trustees are aware of the Charity Commission's general guidance on public benefit which has been considered
when reviewing policy and objectives.
Achievements and Perfomiance
Since the Charity has not commenced operation during the period 1 January 2024 to 31 December 2024 il is not
possible lo report any achievements or performance details. The Charity focused on establishing tts
infraslruclure during this period.
Financial Review
The Charity has been in a planning phase and working on ils strategy but has not commenced tts fundraising
operations in the 2024 year.
The Charity has not commenced fundraising operations in the 2024 year and only received one donation from a
member organisalion of £33,840 {2023.. £nill.
The accounts for the year ended 31 December 2024 show income of £33,84012023.. £nill and expenditure of
£15,97212023.. £nill. The excess of income over expenditure was £17,868. The general fund balance as at 31
December 2024 stood at £17,86812023.. £nill.
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources lo continue in operational existence for the foreseeable future. For this reason they continue to adopt
the going concern basis in preparing the financial statements.
Structure, Govemance and Management
This charitable incorporated organisalion was registered on 10 May 2023 under charity number 1203012.
Constitution of a charitable incorporated organisation with voting members other than it's charity trustees.
Govemed by section 12 and 13 of the Constitution.
Approved by order of the members of the board of Trustees and signed on their behalf by..
.PIWX+XV￿ql...............................
MrTSDent
Ichair of Trusleesl
Dale.. 101712025
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RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examinerfs Report to the Trustees of Re:Cognition Health Brain and Mind
Foundation {'the Charity'l
report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'Ihe 2011 Act'l.
I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515}Ibl of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulatsons but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance wtth
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come lo my attention in connection wth the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements concerning the form and conlenl of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other mallers in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charity's
Trustees those matters l am required to stale to them in an Independent Examiner's Report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Mr Darren O'connor Bsc (Honsl FCCA ACA
Dated.. 0811012025
James Cowper Kreston
8th Floor, Reading Bridge House
George Street
Reading
Berkshire
RG1 8LS
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RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
33.840
33.840
Total income
33.840
33.840
Expenditure on:
Charitable activities
15.972
15.972
Total expenditure
15,972
15,972
Net movement in funds
17.868
17,868
Reconciliation of funds..
Nel movement in funds
17,868
17,868
Totsl funds Carri￿ foThvard
17.868
17.868
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 10 13 form part of these financial statements.
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RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Current assets
Debtors
Cash at bank and in hand
710
29,864
30.574
Creditors.. amounts falling due within one
year
{12.7061
Net current assets
17,868
Totsl a$$ets les$ current liabilities
17,868
Total net assets
17.868
Charity funds
Restricted funds
Unreslricled funds
17.868
Total funds
17,868
The financial stalemenls were approved and aulhorised for issue by the Trustees and signed on their behalf by=
MrTSDent
Ichair of Trusleesl
Dale.. 101712025
The notes on pages 8 10 13 form part of these financial statements.
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RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Cash flows from operating activities
Nel cash used in operating activities
29,864
Change in cash and cash equivalents in the year
29,864
Cash and cash gquivalents at the end ofthg year
13
29,864
The notes on pages 8 10 13 form part of these financial statements
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RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General infomiation
Re.'Cognition Health Brain and Mind Foundation is a charitable incorporated organisation registered on 10
May 2023 with the Charity Commission in England and Wales. The office address is 62-64 New
Cavendish Street, London, W1 G 8TA.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordan￿ with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports} Regulations 2008 only lo the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP IFRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Re.'Cognilion Health Brain and Mind Foundation meets the definition of a public benefit entity under
FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless
olhetwise staled in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has enlillemenl lo the income, il is probable that the
income will be received, and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in selllement and
the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs atlribulable to a single activity are allocated directly
to that activity. Shared costs which contribute lo more than one activity and support costs which are
not allributable lo a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Debtors
Trade and other debtors are recognised at the selllemenl amount after any trade discount offered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
2.5 Cash at bank and in hand
Cash al bank and in hand includes cash and short-lerm 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.
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RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies Icontinuedl
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates il will pay lo settle the debt or the
amount il has received as advanced payments for the goods or services it must provide.
2.7 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 al transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequently
measured al amortised cost using the effective interest method.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
33,840
33,840
Total 2024
33,840
33.840
Analysis of expenditure by activities
Support
Costs
Total
funds
2024
Tol81
funds
2023
2024
Charitable activities
15,972
15,972
Total 2024
15,972
15.972
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RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities Icontinuedl
Analysis ofsupport costs
Total
funds
2024
Total
funds
2023
Insuran
Bank charges
Legal and professional fees
Governance costs
65
136
9.61 S
6,156
Total 2024
15,972
Independent examinerfs remuneration
2024
2023
Fees payable lo the Charills independent examiner for the independent
examination of the Charity's annual accounts
Fees payable lo the Ch8rills independent examiner in respect of..
Accountancy ServI￿S
2,016
4,140
Trustees. remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefils12023 - £NILI.
During the year ended 31 December 2024, no Trustee expenses have been incurred12023 - NIL).
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RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Debtors
2024
2023
Prepayments and accrued income
710
Creditors: amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
8,560
4,146
12.706
Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Income Expenditure
Unrestricted funds
General Funds - all funds
30,000
112,1321
17,868
10. Summary offunds
Summary offunds - current year
Balance at
31
December
2024
Income Expenditure
General funds
30,000
112,1321
17,868
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Docusign Envelope ID." FA5D4BF&D74C44c￿A67￿EFD30BF403g
RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Current assets
Creditors due within one year
30,574
112,7061
30,574
112.7061
Totsl
17,868
17,868
12.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Nel income for the period las per Statement of Financial Activities)
17.868
Adjustments for:
Decreasellincreasel in debtors
Increase in creditors
{7101
12.706
Net cash provided by operating activities
29,864
Analysis of¢a$h and cash equivalgnts
2024
2023
Cash in hand
29,864
Total cash and cash equivalents
29,864
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Docusign Envelope ID." FA5D4BF&D74C44c￿A67￿EFD30BF403g
RE:COGNITION HEALTH BRAIN AND MIND FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
Analysis of changes in net debt
At31
December
2024
Cash flows
Cash at bank and in hand
29.864
29,864
29,864
29,864
15. Related party transactions
During the year, the Charity received £30,000 {2023'. £nill in donations without conditions from member
Company Re.'Cognilion Health Limited. On behalf of the Charity, Re.'Cognition Health Limited paid for
legal costs during the year tolalling £3,84012023.' £nil}.
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