REC'ISTfi.IIL* l) C.HAHI'I'Y NUM11￿[{. 295219 REI POR'r or THE TR STEES AND FINANCIALSTATCM , TS FOR THE YEAR ENDE 31 JULY 2024 FOR THE SADIE CENTRE 1'HE 8AI)Ik CF.NTR CONTENTS OFTHE FINAN'CIAL STATEMENTS FOR TEIE YE.4R ENDED 31 JULY 2U24 Page Report of the TriEstees ndependenl Exaiiiiiier's Rtport Statemenl of fi inaiieixl Attivitte5 Stglement of Finattelal P051tion Statejnent of C25h FIuv5 10 Note5 tsj Ihe StatemeHt of Cash nows Note$ to the Financial Statoments 12 to 21 E SADIF. CCNI'RL RCI PORT OF THE TRIISTEL FOR THE YEAR li Niif4.D 31 JULV 2024 'l-he t1115tw preseIit their t'¢poII witli the fibancial sia(emenis of tlie charity for the year etided 31 July 2024. The tl'UStees have adopted the pi'ovisions of AceoLinting and Reporting by Charities.. Slic tement of RecottMiended PracliL¢ applicable lo chai'itiib preparinL their accounis in ac¢ordaTr¢e with tlie Pinancial Rtpotling Standard ai)plicable in Ihe UIC aiid RepLiblic of liEland IFRS 1021 lerrective l January 2019). OBJfi CTIVES AND ACTIVITIES Objects nftlie CharÉty ThE fomial objects of The sadie Centre (formerly Tlie Letchworth Celllre IDr Healthy L.iving) are.. i) Tlie telief uf sickness ftoid the pir5erYatioi) and protection of health for the public benefit. aiid ii) Tlie advaneenieni of ¢ducation in holislic hek)Iih and Inedicine for ihe piiblic benefit. The firs¢ objective is fulfilled Ihrough our elinic aDd the provision of ¢oiMpleinenlaiy medic&1 Ireatmeni and collnselling,. the se¢ond, by our ¢xl6ttsive programme of wellbEÈn¥ ¢oJr%¥5, classes and workshops. Aims and obleetiveB for 2023-24 To ensure the long-tem) suslain3bility of the Centte through Ihe ollgoing rigorous orientation of its Co-Director To recruit new staff lo lead, manage and develop their respective depaitmenl8 'I'o fom) ntw partneT5hips to inerease revenue &nd bi'oaden our audience, and to treate opportunities for fulJre networking & co-workiiig To continue consolidlliing and ￿reamtIn11)g ow strLIL'iures and processes To increase income thyough increasing o*Jr counselling provision cours¢s offering -To plan gur 40th birthday celebratlOD Page I HE SADIE CENTRL REI PORT OF THE TIIUSTEE8 riOR THE YEAR ENDED JI JULY 2024 OBJECTIVEIS AND ACTIVITIES Hoiv we have perfoi'med- 3n overvieiv I'liis is oui. 40th YLI￿. > year in ivhich we liave beell able to lay significant foiindalions lor Ilie fLiluiY loiig-leiTh secui'it>' i)f our orgJaIiisatioi). In the 5pi'iii£ and SuniiiTrei' 012024. 0111. own TTuslets and Ihuse of Hertft)rdshire Miiid Nelwoi'k approvcd in principle a mei-¥ei' of our tivo organisati0118 - bcgaii & procesb of diie diligeiice which, if unimp¢d¢d ould be completed bji Spring 2025. Our twu chai'ilies share etlios and vision . aiid th¢ nicig¢r would alloiv for illutual expansioii aiid groivih of the Services and aclivitie.% we each provide. Equally, we have been d¢lighted that we havE 511cceeded reaching ihe second i)Iiase ot a Voluntary. Con)munity and Social Ente*pi'ises Energy Effi¢ien¢y S¢heinc Capital Grant- a poteiitialls, generous government gi'ant which coiild allow us 10 firm the physical infrastrvcture of our ()rganisation thmugh providing for energy.saving meastires such as secondai'y doiible glazing, iinprowed heating elc in our IO0+ year old buildings. The histurical rontext The %adie Centre is one ofthe largest provide15 of complementary approach￿ to health in the UK. SÈnce Trts begiiillings in 1984, I￿ore tliaii 50,000 people have attended aur ¢liniG, coun5¢11iiig service and weekly wellbeiiig ¢lass¢s. Over 4,500 liave yar(icipateiJ in our opeii days and speci&l tvenls for carers, oldei. people and IIIE general public . while o fuither 2,000 healtli professionals liave aiiended oui, lecMre5 and university-aeci'ediied courses. Our pioneei'ii)g work has won 4 national awards, we Bre ividely respected as a Centre of excellence. We have worked in parlnei'ship ivith national oi'ganisations such as Mai'le Curie Cancer Care and the Mental Health Foundation, and wei¢ in a formal partnership with Thames Valley Unive]5ity as one of ils Associate Colleges. Morc locally, we had been for some years in fomial partnershii) with North Hertford5hir¢ College and currently work ¢losely with the UlliveT5ily of BedfordshEr¢'s Instilute for Health Research. We have worked with the NHS in North Herlfordshire with whorn we piloted a series of wellbeing and fdlls PTevention Pl'O81'ammes, %nÉf for the past 3 yeai's liavE been conTrtnis5Eoned b), Bcdford8hiiE, Luton & Milton Keyiies Integrated Care Boai'd io deljver our uiiique wellbeing prograinme (Posilive Movement) lo older people in ils coinmunily. We have, for the past 3 years, been commissioned by the Hitchin and Whitwell Primary Car Nelwofrt to provid¢ a full-time Health & Wellbeing Coaching Service foi. lis paiienls. Our $it¢ WE have beeii bas¢d. since 1988, the beautiful 8-a¢iE Breenbeli $it¢ of & former NHS coltagt hospital. We huve ronv¢rl¢d its originally VPEn plan ward5 Into spacious classroorns, while a second building which had h()U8ed nurses, quarters itow fun¢tion.s as an effi¢i¢nl lind attractive space fo¥ counselling and Dui. ¢omplemenÈaiy Iheiypy clinic. A third building, PlEviously an isolation unit, is in need of some d¢di¢aied thought as to it5 Irpair and potential future use. The remaiiiing grounds include a large orchard area, teiided and maintained by Growing People, a hoylicuhuial tli¢rapy proje¢l. wliicli became part of th¢ CentTe's service provision in Api'il 2022. The pi'ajcct prDvidos support for pEopl¢ Ircovering fiom, or living wilh mild ro severe menial health issues, and continues to look aftcr our extcllsive grounds through its volunteer programrD¢ which has ¥rown in size during the course of this year. We are a rental te￿￿￿1. with 24 years remainills on a lease which eat) be iEnewed at its expiry in 2048. Page 2 I'HE SADIL CE4 Nl'RE REPOIiT OF THC TRU.S'i'r.E FOR THE Yfi AR ENDLI J) 31 JIJLY 2024 AC'HIEVEMENT AIYD PERfoRMANCE Oui- Main Aetivlttes and Oiii. Perfoi'mAiice Ov¢rview Dui'ing Ihis s'ear, we have cotttiiiued lo slreamline oui. 1ldminislratiYe i)rocesses &nit have appoI￿led a Websiie ii nd Dalabase Mana¥ei' to impi'ove efficiencies f()T oul. sei'vite users when bookiiig activities online. S¢cuFiRg our FutiEE'e.' Succes%lon Planning The Cenlre's Co-Direcior conlinues ID work c105ely with Ilie Fouiider DiiEctor io secure stability ol- the organisalion's ii)frasti'uctuir while ar Ilie sanie time focusing on Lxpat]sioIi and upro1￿1) of its actlViEies. Otii. CoMmunity-B￿sed Activities.. Mindfijlness in School The Sadie Centre hag been riinning mindfulnegs prc>grfttnmts sillce 2003, teachiiig the appi'oacli lo people of ￿11 ages and walks of life includinE t() healtli prolessionals and teachers. Abu￿d￿nt research support8 our contention tlial being mTiidful allows us to liv¢ our best life reducing stre55, irnproving s¢ll'.confidenc¢, inLr¢asin8 ability to cohcentraie and generally enhancing wellbeiiig. Since 2020, the long-temi impact of the pandeinie Dn children's mental health and w¢llbeing has led to a shift in the focus of our deliveiy froin tedcliers to ¢hildren. Over the last few years, we have been cominission¢d to run mindfulnes5 progYamme5 for stLid¢nts in every school in Hitehin and Izlchworth. Funding has been provided by the Hitchill Menthl Health Recovers, Team, the Letchworth Garden City H¢riiage Foulldaiion, Hitehin Youth Trust 8nd from fuTtd5 which we have raised ourselve5. During the 2023-2024 academic year. .breaihe, a nationally acci'edited 4.week mindfulnegq programme, w'as delivered to oi'er 650 children in a total of 17 primary %chools ID HitL'hin and Letchworth. ov¢r4ccn by a Co-ordinator who 5ta]led with us iii January 2024. The .breathe pro￿a￿Me wa5 desioned by rhe iiation&lly based Miiidfulness in Schools Pi'ojeci to support children 10 uiiderstaiid their emotions aa)d develop practicttl ways of managing them. We have focused our provision on ¢hildrell ID Year 5 and Year 6 - a crucial transition period for children as they approa¢h their SA'fs aiid transfer to secondary schools. Feedback hoin both children and teachei'.% lias been very positiv¢ and we 2re exciied to coii(inu¢ oui. provisiott in Ihe 2024-2025 academic yeai. with two new tutors on bokrd. NHS HeAllh & Wellbeiag Coaching 8crvice Iii July 2021, the Centre was coinmissioned by the Hilchin & Whilwell Prim&ry Care Network to run 8 full-time NHS Healili & Wellbeing Coaching Sei'vice for those of ￿18 patients who experiettce low Tnood (whether anxicty oi. d¢pr¢ssionl. Reslllts have lar exceeded expectations, with palienl$ reporting major improvements in th¢ir mental wellbeing aDd life cir¢umstan¢es. In J￿lY 2023, thib Colltracl was extended tor a third year - and has Th]n ivith excellent r¢sults throughout2023-2024. Positive Mov¢ment- a wellbeing programme for older people with mobility problems or who are living with long.lenm condition5 Funding from tlie Lottery in 2016 enabled us to develop this award-winning PlDgramme in which ovcr 1,000 peopl¢ have now participated. 114sed upon our long eNp¢rience working with older people, the prDgrAmme combittes tecliniques di'awn fi.om the Alex8nd¢r Technique, Adapsive Yoga and Mindthlness into gentl¢ cxercise 5¢ssions, followed by timc to 50¢ia113e over a Cyp of lea. Following 20-25 weeks, participation in the programm¢, participants report they h&d been less stressed and anxious, Icss fearfi]l of falling, more 5elf-¢onfident and have Imore energy rhan at th¢ outset. In 2018, il was chosen - at a ttational Complemenlary Therapies aW￿d ceremony- the best appioach in the Prevention and Selt-care ¢at¢8ory. In the year% which followed, with the help of local government and other giants, the programme has been delivered Ihroughout Hertfordshire and as aforementioned 15 currently commissioned by Bedford5hir¢, Luton and Milton Keyne5 Integrated Care Boai'd for delivery in eai'e homes and in the Luton torntnuniiy. In the summer of 2024. we w¢re commissioned by North Herts Council to run a fvnher 4 progrdmmes over atstumn and wintcr- each running for 25 weeks. Page 3 1'14E SADIE CLI N'I'RE REPORT ofi THE TRVS'fF.C4S FOR THE YEAR EINDED31 JULY 2024 P05irive Moveixent has been the Subject of a 3-yeaT Phl) sttjdy overseen by the University of Bedfordshii"¢'s Insliluie for Healtli Research- a pi'oject which is soon to be Lomplete. Corc Actlvitie5 Wellb¢iJi% Cla55¢S 8iTice i)ur eai'liesi days, Ive have riin weel(l), Year-ro￿nd class¢s ivliich leach people approaLhcs to help Ih¢m ovgwome he<li probleins. tnaillt¢tiIi good liealth aiid prEvenl ftilurc illn&s%. From wBtkly M¢nopdllbt and Niitrilion Woi-k-shops to i¥Yoga and Pilales sessions, this I'ich PlDgidniine einpoivers people to take greater responsibility for their own health. Duiiiig this year we bruught ots l)oai'd a iiew Coui'.4e amd Evertt5 Martager lo eKpand oui, pyovisioll &n(I pYi)JMotc ihe pyogi'anlme over social media- helping as well witl) the oi.f7anisatioii of ouy 40tli birthday celebrations. Coullselling Sei'vice Dui'iiig the past 12 months our 26 counsellors, therapists and trainees havt se¢ii ovei. 300 new clients and d¢liver¢d more than 4,000 sessions, 'I'he Service enjoys an ex¢ell¢nt Irpulalion and op¢J?tes with a relatively Short waiting list. Our Team woi'ks with Children, youD¥ people. adults, and coiiples- addressin¥ a Yange of issves which include anxiety and deP￿sSiOn, abuse, b¢reav¢rnenl, trauma, self-harm, eating JisvrdeTS, relationship is.*ue5 ii nd addiction. They offer approa¢li¢s illcluding psychotherapy, pci8tsn-cenlTEd. integrativE, CBT, psychosexual, and Emoti(JTral Fi"tedo Te¢hniqueslEFT Tapping. While the Inajoi'ity of our sessions hav¢ been deliv¢red face-to-face, wh¢ii IieC￿Sary, onlin¢ drliveiy lias bt211 Possible. Last yeai,, the Scrviee Yeceived a grant fi'om the Hitchin Youih Ti'ust ivhich underwrote the provision of free counselling s¢ssions fDr a niimber of studenis from ihe thire Hilchin secondary Sch￿18. Low-cosl Counselling Service 12 ti'ainees, working linder supervision, are part of a Pla¢ement PfOgl?mme offering a low.cost service to people who Would t)ot othenvise be able to access such suppoit. ConiplementAI'y Therapi¢ Oiir experienced and %killed rlinicians offer l- I therapy for & r&nge of liealilj condttion5 within ivhich back and muSC￿l0Skele¢al problem5 PTed017]ittate. Therapies included Osteopathy, Acupuncture, Sy)rts Injury Therapies, Manual Lyinpbatic Drainage a￿d Decp Tissue Massage. Pftrtnerships 14erifordshiiE Mind Ndwovk A% nieniiolled 2bowe. we al'e actively exploring the possibility of merging inio rhis or¥anisation with whom we share coinmon goals and vision. Nourlsli Wholefotsd Café Tlie wholetood vegetariat) eafé. open 7 day5 a week on our sile, is a thriving hub ruj by a loco1 paitnership which repiysenls Centre Yalyes and support5 the Centre's work. En¢honted Garden Ev¢nt5 IEOE) EGE 15 a Small local bu%iness which runs bespoke weddings on our site. AIM.$ AND OBJECTIVES FOR 2024-25 To piDperly commemorate our 40th anniversary Tu complete the due diligence process and finalise our merger into Htrtfordshire Mind Network To secure th¢ capital energy Jant from the Energy Efficiency Sch¢ine and cany out the building work5 Page 4 'I'FIE SADIE CENTRE REI PORT OF THE TRUSTE4 CIS THEYEAR ENDED31 JULY2024 FO FINANCIAL REVIEW Reserves pollcy The chai'itl-8 r¢.serve polTCy IS to creaie reserves eqiiivaleiil to tlii'ee monihs unJ'e5ti'icted fiind expendituie. The ¢hartty toiisideiEd that this level of reserves will alloiv it lo weaiher aiiy fkiianc¥c11 downtums and pj'ovide sufficient cdpital to fuiid any futiire i¢)cre&%e iii a¢iivity. The charity ha5 no unrestricted reserves as il 3 l Jiily 2024- the unrestri¢ted fuiids were it) deficit by £43,658. Th¢'fruslee% ai'c reijiewing p13n5 to a15ow the charity to ¥vork toward5 achievillg this policy. Shoi't Term Fi113ncial Positio This yea¢s financial rebulls show a nei deficit of £29,186 {2023: £65.6231. Fuiid balances are.. Iluyesiricted j£4i,6591 Re51ri¢t¢d £50,202 Total funds £6,543 The charity has ficed many challenges during this year . caused in large part by problems with ils ageing buildings and physical infrasiructure requii'ing llnexpe¢ied expendiliire. The TTustees are confident, Iiowever, that the sltllation 15 bul teinporary and thai Ihe deficit ivill be offset ii) the very near futuve. The utilisaiion of part of fundin&T which had be¢n resti'icted for unrestrictEd purpose5 has been ail unfortunate conseqLi¢nce of these fa¢tors. The T[￿Stee5 are await thai this Posllioii is not sat15f&ctoiy and will ensure that the balances are restored a5 500n a5 is practically possible- the forthcoming planned rnerger with the Hertfordshire Mind Network sliould help to achiev¢ Ihis. Details of how bxpendilure supported Key Objectives rhe majoi'ity of Ihe charity'g expenditvre - apart from the cos15 of running and maintaining the buildings from which it operates - has gone to thc costs of engaging counsellors, tutors and clinicians, & the sUPPOltingi siatT ￿CCEsS￿ry to carrying out it5 principal objeeiives. STRUCTURL GOVERNANCC AND MANAGEMENT Governiiig document The organis&tlQll 15 a charity reg1stffl'￿ on 3 Octobei. 1986. lis goveining documet)t is the declardiion of trust dated 4 Sepl¢mbei' 1986. We air constantly I'eviewing a]Id working towards a¢hieving all the principles lo ensure fvll ompliance witl) the Charity (iovernance Code. Recruitment appolntmellt of new trustees As a chariiable org2nisation, we are ¢onstantly reviewing the skills of our existinu Tru5te¢s. Where we identify E shortR¥c (If ski115 on Ihe Board. we aLliv¢ly seek new Truste&% through oui. network of partner 0lEanis&tions and stakeliolders. Organi$#tionhl Structure The Trustees. who ar¢ all volunteers, arc responsible for the overall strateoy of thc Centre, ensuring that th¢ objeetives 3r¢ properly pursued alld that its finaneièl affairs are properly manag¢d. They air responsible for producing financial siaiem¢nts on an annllal basis which confonn lo ChnTltèbl¢ Law, and for safeguarding Ihe 2sse15 of the Centr¢. The day-to.day I'untkittg of the Centre is delegated to the Founder DiT¢Ctor, Roberta Meldrum. and the Co-Dire¢'tor, Jeniiy Flynn. who primluce regular repoi'is 10 tli¢ Ti'ustees. Induetion and trainin¥ of new Ii'ustees On I'e¢rlliting new Trusi¢es, we have an initial induction meeting in which we review our TTusi document, organisational wlicies and pi'o¢edur¢5, accounts, and Dbjecti¥es. We share our busithess plan, organi5ation structllT¢, Inission and values and discuss their role on the Board. Where necessary, we will identify relevant trdining progrdn)mes ihai Tnay be of benefit to Ti'u5tets. We carry out due dilTgence by applying for DBS chccks for all Trustees. Page S TMC SADIE CLINI'R REPORT oF"'fHE TRUS'fEES FOR I'HE YLIAII LfNDkD 31 JULY 2U24 STRUCTURE, GUVEI RNANCC AND MANAGEMEIYT Related pAt-tie5 Robcrta Meldriim is the Charity Director and dctails aye given im the no1¢5 lo the accounts of any relat¢d party Ri51( mHtLaKement Tli¢ Triislees have a duty to idcntify and review the risks 10 whi¢l) rhe Ceiilre is exposed And to cn.%uie apprtrpiiaie coiilrols are iii pl8Le lo proiride reasonable assuraiicc against fraud aiid error. 'Ihe Trustees have considei'ed all of Èlle major riskg to the Centre and, on an oii-going basis, manlloe plans for thc slralegic development of tlie oroanssalion. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charily numbei. 295219 Principal address Ro%hill Hospital Hitcliin Road Letchivorth Htiifordshir¢ SG6 JNA Trustees S Gibbs -chair H Oliver S Izzaid N Davits M l-lanna M Bryden {I'esigned 16 0¢(ober 20231 C Woods (appointed 16 (ktober 2023} Independent ExAniineT Bradshaw Johnson Charieied Accountants Croft Chambers I l Baiicroft Hiichin Herifordsliire SG5 IJQ BaRI(trs The Co-Oper&tive Bank plc PO Box 101 l Balloon Stit¢t Manchester M604EP Approved by order of the board of Iruslees on .......................... ... and signed on its behalf by.. S I2zai￿ Trustee Page 6 INDf,PENDC 4 XAMINEI R'S REPORT'fo'i'HL'I'RU' 'I'IIE SADIC CENTkr. I'Efi.S OY Independent examine&-'s repart the trustees of The Sadtc CentfE I repurt to Ilie cliarity kn'usiee5 on my examination af the A¢couiits of ThL Sadie Ceniye (tl)e 'friist) foi. thc ycdr ended 31 July 2024. Respon$ibiliti¢$ And bgsis of I'epoi't As the cliarity ti'usiees of Ihe Ti'u51 yoil &IT ￿spOnSible for Iht pirparation of th¢ accounts in accordance M'illi Ihe requirement8 ofihe Chai'iiies Act 2U I l {'tlie Act'l. ieport in I'especl ofniy exainii)ation of the-l-rust's accounts Ca￿led oiii under Section 145 of ihe Act and in £ari'ying 0411 niy exainillaEion I liave followed all applicable DiFeLtions giveii by the Cliai'ity Coinnii5sion under Section 145{5Xb) of tlie A¢*. Iiidep¢Ddeiit e%Aminer's statement Since your chai'iils gloss in¢oine exceeded £2.50,UOD your examiner niu51 be a member of a list¢d body. I can ¢onfimi thal l ani qualified to undeitekt tlie exaininaiion because l ain a meinber of ihe Institvte of Chaile¥ed A¢countantg in England artd Wales. which is one of the listed bodies. I I￿ve coinpleted niy examination. I confirm that no ntsteriRI mfitters have Lui¥ie 10 iTriy ollention in connection with the examination giving me cau* to believe that iii any malei'ial i'¢spect'. accounting records were not kept in Irspect of the Trust a5 requiitd by Section 130 of Ihe Act,. or the alcounts do not accord with those records; or the accounts do not comply with die applicable requirements ¢on¢erning the forrll and content of a¢¢ounts sei out in the ChRrities IALcounls and Reports} Rcgulations 2008 other Iban any requirement thht the accounis give a true and fair view which is not a niatter considered a5 part of att independent examination. I have no concems and h2ve come across nu (rther mallers in ¢onnectlOD with th¢ examination to which atteniion should be drawn in this IEport in order to enable a prop¢r und¢TStanding of the 8c¢oullts ts) be reached. Neil C Harding FCA Bradshaw Johnson Charteied Accovntanis Croft Cliambers l Bancyoft Hitchirt Herifordshire SG5 IJQ Dare.. Page 7 I'HE SADIE CEN'I'RII 'ATFMF.NT OF FIIYANCFAI, ACTIVITIF.S THIL YLAM ￿.N￿LD 31 JULY 2024 31.7.24 Total funds 31.7.23 Total fuiids Unrestrieled fund RcstriLted ds Notes INC.nMF. AND b.NDOWMEINTS PROM t)onatioiis an(1 Icuaoi¢s 10,391 61.874 72,265 6,632 Cliarit4ble aetlvities Classes Jnd workshops Coiiiplemeniaiy thernpies Couns¢llin8 Ltsw4(>st couiiselling PO.￿lI1Ve Movetn¢i?t Mindfuli)e55 in Schools NHS Hcalth & Wcllbeiiig Co&ch?ng Sei'vice Hortlcllltural Tliei'apy (Growing People) 177,998 91,574 190,928 19,981 41,044 10,162 42.979 12,649 177,998 91,574 190,928 19,981 41,044 10,162 42,979 12,649 201,338 193,616 21,824 3g,720 19,641 -14,051 19,864 Othej. trading activttiets 59.875 59,875 42,766 Totul 657,581 61.874 719,455 693,266 EXVbNDII'URE ON RaisiTrg funds 680 Charitgble activllies Classes and workshops Coinpl¢mentary tliei'apies Counselling Low-cost counselling Positive Mov¢rnent Mindfulness in S¢hools NI IS Ilealih & Wellbeing Coaching Servic Hoiticultural Therapy (Growing People) 178,933 1 $0,669 225,873 98,441 14.860 4,469 4,469 4,469 4,469 183,402 155,138 230,342 102,910 14,860 8.712 25,908 27,369 159,878 142,199 196,652 80.541 35.681 42,424 46.548 54,286 ,350 25.908 10,788 16,581 Total 712,834 35.807 748,64 758,889 NET INCOMEI(F.XPENDITURE} 155.2531 26,067 129,186) (65,6231 Rfi CONCILIA TION OF WUNDS Total fiindg broii%ht forwai 11,594 24,135 35,729 101,352 TOTAL FUNDS CARRIED FORWARD (43,6591 50,202 6,543 35,729 rhe notes fomi part of these financial stal¢ments PAg¢ 8 TFIL.SAD CENTRr. STATE￿IENTOri fiINANCIAL POSITION 31 JULY 2024 3 1.7.24 Total tiiiids Uiivestricted flind Restrieted funds To1￿1 Notes FIXED ASSfTS Taiigible asset 10 52,155 CURRENT ASSETS Stocks Debtors Cash at bank 400 31,940 57,342 12 35,504 67.807 17.605 50,202 53,109 50,202 89.682 CREDITORS Ainounls fAlling due within ODL. year 191,056) (91,Q561 (79,643) NCIT CURRENT ASSETSI{LIABILITIES) (37,9471 50,202 12,255 10,029 TOTAL ASSETS LESS CURRENT LIABILITIES {21.8001 50,202 28,396 62,184 CREDITORS Amounts falling due &fter more than one year 14 (21,8.f 31 121,853) (26,455) NET ASSETS {43,6591 50.202 35,729 FUNDS Unrestricted funds Rt5ti'iLted funds 16 (43,659) 50,202 11,594 24,135 TOTAL FUNDS 6,543 35,729 The fiiiattcia statemenis were appyoved by the Board of Trustees and autho1.1￿d for issue d were signed otk its behalf by.. S Ixzard- Tru5t¢e The not¢s foi"m pait of these financial statemertts Page 9 TFIE SADIE CEINTRL STATLPMEI N'f OF CASH FLOWS 4OR'fiii,, YL4 AR ENY)EI) 31 JUL Y 2024 31.?,24 31.7.23 Noies Ca511 tIDW5 from tsperating activities Cash generated rt'oin ope¥atioiis Interest paid 21,446 {62,2(161 Nel iasli provided byllused inl operating activities 21,446 163,2D71 Cash floivs fi'oni iJive5tiiig Acfiviti&s Pui'chase of tanLYible fixed asset5 16,379) (9.094) Nel cash used in investing activities 16.379) 19,094) Cash flows fronj fiDaiTr¢ing Retivitits Loan repayinEllt5 year (4,602) {10,5.$71 Ner cash used in fEnan¢ing acliviiies 14,6021 (10,557) Change in easll and cash ¢quivaleNts In the reporting period Cash eash equivalents at tht begiiining of the reporting period 10,465 182,858) 57,342 140,200 C4sh avd ¢&sh equivaleia*$ at the eiid Trf tlie reporting period 67,807 57.342 Tlie notes fomi part of these finan¢i41 stateinents Page 10 'I-HE SADIf CENT NUTIS TO'IIII,- S1'ATEMCINT or CklSH f41,OWS FOR THF. YEAR FNDE4 D 31 ,IULY 21124 RfiCONCILIATION OF NE4T EXPENDITURITO NEL T CASH fiLOW FROM OPERATINC, ACTIVITIES 31.7.23 Net expenditiire foi. tlie reporting period {a$ per the StRtemeiit or FtJiAticial Actlvities) Adjustmetits foi-: Depi'eGi4tioii chai'gtts Interest paid Deci'¢ase in stocks Inci'ease in deblors Inci'eas¢l{decre85e) in cyediloi (29,186) 165,623) 42,393 24,385 1,001 1,348 {18,049) (5,2681 400 (3,504) 11.403 Net tAsh provided byl(used in) operations 21.446 162,206) ANALYSIS OFCHANGES IN NET FUNDS At 1.8.23 Cash flow At 31.7.24 Net eftsh Casli ai baiik 57.342 10,465 67,807 57,342 10,465 67,807 D¢bt Debts falling due within l year DEbls falling due after l year {8,398) 126,455) (8,3981 121,853) 4,602 (34,853) 4,602 {30,2511 To(al 22.489 15,067 37,S56 The notes form port of these financial stlttements Pag¢ 11 'rHf SAI)IE CEI Nl'RF NOI-ES TO THE FINANCIAL SI'ATEIMCINIS FOR THF. YCI AR EI NDED 31 JIILY 2024 ACCOUNTIIYG POLICIC45 Ba5i5 0( i>repariiig IIIL fJllaiJci41 sfxte1ne￿1ts 1.he financial statements af the cbai'ity, w,hich is a publEc benefit entity linder FRS 102, have beetl prepared in a¢toi'dance with the Charities SORP IFRS 102) 'Aceountiiig aiid Reportiiig by Charities.. btatenient of Reconirnended Practibe opplicable to cliar&ties preparing their accoiiiils in abcoi'dance will) tlie Finaiicial ReportinB Standard applicable in tlie UK and Republic of Ireland IFRS 1021 (effective l Janugl'y 2019),, Finaticial Reporting StaTidaid 102 'The Fiiiancial Repoi'ling Staiidai'd applicable in Ihc UK and Republic of Ii'eland, and the Lharsties Act 2011. Tlie finallrial s14tem¢nls hitve beei) pitpared Liiidei. the historical CDgt cotiventioll. The Sadi¢ Cenh'e mee15 tlie defillition of public entity under FRS 102. toneei. The Trustees are satisfied that the charity is a going concern despite tlie Iinrestri¢ted funds b¢ing OVErdi2wn as Al 31 July 2024 by £43,658. Part of the basis foi. this is the forthcoming merger with the He¥tforthhire Mind Network. Inconie AII iTicom¢ is r¢co¥nised in the StalEment of Financial Artivilits tsncc tlie charity has entitlemciit to Ihe funds, it 15 pi'gbable that the iii¢oin¢ will be received and the amount call be measured reliably. Expenditure Liabilities are I'ecognised as expenditure a5 SODn as there is a legal or ¢oiistructive obligation ¢ommiLting the charity to that expenditure. il is probable thal a trnnsfei. of economic benefEt5 IVtII bc rrqiiired in 5elllement and the amount of the obligation can be measured reliably. Expendiliire is accoiinted for on an ar¢rup15 b¢1$15 and has been classified under heading5 th81 aggregote all cost related lo the rategoi'y. Wh¢re costs canfiot be directly aitribul¢d to particular heading5 they hav¢ be¢n allocated to activities oll a basis Gonsi51¢llt with the use of resourees. Allocation and apportlDnmEiTrl of cost$ Costs are apportiDned to cach activity a5 per the Centr¢'s managem￿71. The basis of &pporlionm¢nt Is review¢d and revised c&ch ycar as ttecessaiy. Tangible fixed as8et$ Tr'ixed assets are stated al cost less a¢cumulated depiEci&tion. Tlie costs of minor additions OT Ihos¢ costing below £500 are nor capttalised. Depi'eciation is cal¢ulated to ivrite off the cost of each fixed asset over ils expected uscfiil life. The annual rates used, wh&ch are coftsi5tent with last year WY... Fui-niture and equipnient Coinputer equiptnent [l￿prOVe￿¢￿t$ to prop¢ity 15 /D reducing balance 25•1￿ Str2aght lirte Over 10 yeaTS Stocks Stocks are valued at th¢ lower of c05t and ttet t¢ali$able vdlue, after making due allowance for obsol¢te and slow moving items. TaxatiD Tlie chaTlty is exempt from tsx on ils charitable activities, Fund accountillg Unr¢sti'icted funds can be used in accordance with th¢ thartÉable obj¢ctFves at Ihe diqcretioll of the TTU5tees. Restricied funds can only bc used for pailiculaT I'estrict¢d purposes within the objects of the charity. Restri¢rions #ri5¢ wheii sp¢cified by tht donor or when fund5 are raised for particular TE5tri¢ted purpose5. riirthei. cxplat]ation of rhe nature and purpose of ¢ach 15 sn¢luded in the notes to the finan¢ial aatetnents. P2gt 12 continued... '1.14 E SADII CEN-fRr, NO'fES TO riiE FINANCIAL STATfi MENTS. eolltiii FOR THF. YEAR E4 NDLD31 JULY 2024 ACCOUNTINC POLICIES- contiiilleil Pe115ioiI costs xiid otlier post-I'etii'¢meiit bciiefits The charily operat¢s a defined Loiili'ibution pellsion scheme. C'.ontributions payllble to the charitgs pension schenie are chargEd to the Siatemenl ot FiiTrancial Activities in ihe period io which they relare. CRsli aiid cash equivalents Cash ano cash eqiiivaleiiis include cash in hand, d¢posits held at Cl<11 with batiks, othei. shorl-ierrn IiqLJid Inve51ments with oi'igiiial matiirities of three months or less, and 1i8nk ovei'drafts. B&nk ovei'drafts are 5h(Iwii within borrowings in Liirrenl liabilities. DONATIONS AND LfifACIES 31.7.24 31.7.23 Donation% Grants 72.265 72,265 6.632 OTHER TRADING ACTIVITIES 31.7.24 31.7.23 Room hire Oiher incom¢ R¢ntal income W¢dditig incon)e Utilities income 22,163 8.185 6,221 17,383 5,923 21,315 4.926 5,620 10,905 59,875 42,766 'Rental income. arises from rent received from Nourish Wholefood Cafe. INCOME FROM CHARITABLE ACTIVITIES 31.7.24 31.7.23 AttÉvity Classes and workshops Coiftplementary therapies Counselling Low-co$t COUll5elling Positive Movetnent Mindfi]llless iii Schools NHS He4tlih & Wellbeing Coaching Service HortEcultural Therapy (Growing People) Classes and workshops Complementary ther&pie5 Counselling Low-cost counselling Positive Movement Mindfubies5 in Schools Coaching Growing People 177,998 91,574 190,928 19,981 4L,044 10,162 42,979 12,649 201,338 114,814 193,616 21,824 19,641 34,051 19.864 587,315 64i,868 Page 13 continued... ADIE CENTRE NOTES TO THE FINANCIALSTATEMENTS- COkl¢iniEed FOR THE YCIAR ENDL4D 31 JULY 2024 CHARITABLE ACTIVITIEIS COSTS Suppoit costs (see note O) Direcl Costs TotRIs Llas%es and worksliops c.omplementary theiapies Couiiselling LDw-¢ost counselling Positive JMov¢ii)eni MindfiÈlness ID Schools NHS Health & Wellbeing Coaching Service Horti¢ulturdl I'herdpy (Growing People) 84,789 56,526 131,730 4,296 14,860 8,712 98,613 98.612 98,612 98.614 183,402 230,342 102,910 14,860 8,712 25,905 27,369 25,908 27,369 354,190 394,451 748,641 SUPPORT cosrs Orher Classes attd woi'kshops Compleinenlary therapies Counselling Low-cost counsellit]g 98,613 9¥,612 98.612 98,614 394,451 TRUSTEES, REMUNERATION AND BENEfi ITS There were no trustees, remuneration or other ben¢fits for the year ended 31 July 2024 nor toi. the year et)ded 31 July 2023. Trustees, expen$e5 No expenses w¢r¢ reiTnbur5ed to Trustee5 in the yeai. 12023 £Nill, rAFF COSTS The average mondily nuinber of employees during th¢ year was a5 follow5.. 31.7,23 13 31.7.22 13 Admin No employees received emoluments in excess of £60,000. The aveTage number of employees includes both full and part time employees. Pag¢ 14 ntinued.., THL SADIE L￿RE NOTCS'fo TFifi PINANCEAI..%TA'I'EMEr NTS_ ci>nttnued FUR TH£ YIIAR ENDED31 JULY 2024 2023 COMPARATIVES fiOR THEI STATII MENT or FINANCIAL ACTIVITirs Uiiresici¢ted Resti'i¢ted fund Toilitie8 Capitul Pi'ajects fundin¥ Scheine Building- I'he Valiani Chai'itHble'Frust TerlinolubY- LetLhwoilh Garden City Heritage Fcuiidittion Tiaining- HCF Wtsrkforce Development Gra511 Covnsellin8- Al￿oId Clarke Coi7Jmunity Fund PM- Te$¢0 Bags of Help Growing People - HCC Household Support Gri>wing People- HCC Mental Health Monies PM - Wheathamsted Parish Council Miiidfuliiess in Schools- LGCHF Mis- DonatlODS from drop-in meditation 5ession5 Mis - Htiiry Colborn Tnjst (4,6721 (1,8051 {4,6721 {1,80.f I 16,063) (6,063) 1.500 { i.sooi 14961 13501 (22,500) {496) (350) 110,000) 12,500 11,500) (500) (19,641} 11,soo) (500) 19,641 (541) (485) {541) 1485) 33.641 160.053} 126,412) TOTAL FUJ¥DS 693,266 (758.8891 165,623) Building . NHDC Coinmunity FacilEli¢s Capital Projects Funding Scheme.. These funds. received froln North Hertg District Council, were received in 2020 to cover the ¢osl of r¢-paving a large part of rhe Cenl¥e's internal road syS￿m. Building- the Valiant Charitable Ti'u5t.. Th¢se futtds enabled us to widen ihe entrance to our classroom building and lo install modemised toilets which pi'ovided adequate access for p¢ople with disabilities. GrowiDg People- fund accounts for illcome and expenditu￿ in the year not relatFng to oth¢r reslrirted grahrs foT Growinv People. Counselling- Arnold Clark Coinmunity Fund- This ¢nabled us to refurbish iwms in ou¥ buildings foi. the provision of counselling sessions. Positive Moveinent.. North Hens Council (Letchworth Ai¢a Coillmitt¢¢l. This grant Wgs 8Éven to underwrite part of the cosc of delivering a'Tr&in the Tiainerf prc)giamM¢ for PM tutors. Positive Movemeni.. The Chapinan Charitable Trust. ThÈs grant was int¢nd¢d to coiitribute to ihe cost of AdrRTnistrative Lead for the progi'amme. Positive MovemeDt-. The Childwick Tnjst. These funds were intended to SilPPOrt th¢ d¢liveJy of Positiv¢ Movement sessions in Hertfoi'dshi*e. Positive Movement.- Thc Follttt TT￿￿. This donation was intended tn support the direct cosis of deliveriiig the programme in Heirfordshir¢. Page 20 continued... 'FIE SADIE C'.II NTRE NOTES TO I'HE FINANCIAL ST ATEfvTENTS- ctyiiliiiued IORI'HE YE4AR CNDf4D31,IULY 2024 16. MOVEMENT IN FUND.S- continiied Positive Moveinellt.. The Frank LilchfTeld C.hai'ilabl¢ Trust. Thi.5 Erant was made lo buppoil the direct costs of delivei'iiig the pyogiainme Hertfordsliire. Positive Movemeiil,. Tlie Shanly Foundation. I'hese funds were intended to SilPPOi't the dtlivei-y of Positive Movement sessio￿5 in H¢ittordshire. CiiDwing People.. Assurn. This grant was intended to Contrib￿le to tlie cost of ruiining 8 single ses.%ioii or horiiculiural tllerapy li.e. l/, dayl, held weekly ovet 12 months. Growin¥ People.. Ittchwoiih Qiiakers. Tliis doiia¢ion was made lo siippoit the woi'k ol'our horticiiliural th¢iapy programiiie Cirnm'ing People.. North Heits Disirici Council (Healrh Ineqiialilies Fiind). This award was made tD"upport the work of oiir hoi'liciilruTal therapy progi'amine. Growillg People.. The Mei'¢e¥s Company. This grant was made 10 support the woi'k of our horliculiural therapy progromme. Growing People.. The Vkilianl TTUSI. This Mras a giattt given to support the wi)rk of our horticultur&l therapy Pl￿gra￿l￿e. Mis - Donations from dmpin Mindfulness sessions held Lt our Centr¢, intended 10 support Mindfulness sesgions in school5. 17. RELATED PARTY DISCLOSURES The chariiy operates from buildillxs leased from Calmst&tus Liniited, a nominee Comp&tty of which the Centre's Director. is a director and shareholder, Tlie lease states rciii of £82,800 should be Charged but the Company ha5, as a g¢¥lure of goodwill. oiily charged £42.426 dui'ing thc curreni year (2023 £64,327). The transactioiis were at arms len¥th. Page21