COMPANY REGISTRAMON NUMBER.. N1672078 CHARITY REGISTrATION NUMBER.. 108818 Fresh Minds Educatlon Ltd Company Llmited by Guarantee Unaudited Financial Statements 31 July 2025 D C CORR AND COMPANY Chartered accountants 298 Main Street Randalstown County Anlnm BT413AB
Fresh Minds Education Ltd Company Limited by Guarantee Financial Ststements Yearended 31 July 2025 Pago Trustees, annual report (incorporatrng the directorfs report) Independent examinerfs rewrt to the tnJstees Statement of finanaal activities (Induding income and expenditure account) Statamnt of financial po$ib'on ststement of cash flows Notes to the financial statements 10
Frésh Minds Education Ltd Cornpany Limited by Guarantee TrnstÈés' Annual Report (Incorporating the Directorfs Reporti Year ended 31 July 2025 Iwusiees. WM) are also ¢JecTors w the purrSe$ QTccnpany Iw, presem Iheir repm and me unaudtsd ffinaA81 ststements the cthaty lor lh8 year end 31 Juty 2025. R•feronce and admini•trtive detall• Rggl$l•rnd ¢h#rity name Fresh Minds EdLKatity) Ltd Chkrity regiatrntion numb•r ioe816 Company rog18traWon fiumr N1672078 Prin¢ipal oific• and r¢gi•t•r•d Unrt 5 Arlrkl) Enlerw C•ntr• offico Greystone Road Antrim BT41 1JZ Mr A Wallae8 M$ A M Alenby MrDJFe• Ind•p•nd•nt •x#rnIr 29B Main 8lra•t R8ndalsto•m C¢ui)ly Aniriin BT41 &4B strr•, go¥•m•n Ind manag8m•nt Fresh Mlnos EOuctii Is 8 crynpany Imrtel INItIl2UlYl by guar8nwe aTh# govenw by rt8 art8$ 01 association We adopted 26th Auo 2020. tt li re(wnA8d athwty by HMRC, tharity numb•f 108816 objec¥ and a¢14111• Th8 Charitys Obiecls art reStled to tho ffin9'. 4.1.1. the afvancment of heatth and 8awng of INe6 by the [Thn¢10n. preservath. pr¢todn and safeguardiFYJ of M(81 and phy$r*l welteing of childrtn, yovng petple and and reducing the impxt tsi traurna.. 4.1.2. the advancemeni of•JUty)n to heatth aTra wellbowig,. aTrJ 4.1.3. wch other exdusNety drIlab? fF8CCwdirttd tothe lth¥ol Nothem Ireland asthe Trust••s rnay from lime to I'me deude.
Fresh Minds Education Ltd Cornpany Limited by Guarantse Trustees. Annual Report (Incorporating the Oirectorfs Report) fc¢4ryth•dJ Year ended 31 July 2025 Acnievem•nts and portornian¢o AchVM•nl and Pèrfomiarteo This year ha8 S8en FME wtying hard to= ' Cate new OPEnities. Con501idale established areas of wo ' M88t new and existing ne¢d ' Mitigate the impact of the risNJ rases of child 8nd ythjng per8M$ mental heath, a Imited suppty ol bereavement seNices. and other fxtors. FME is delighted lo report Ihal all key areas havt tontwiuthj work, wth partner¥hip¥ being eslabli8he<l wilh slakeholder$. and Gtin1r¥ Inlorxlion chiklwoung paopk•, familios, prole55iona5 ar the local cornrnunty. Glimmer Project.. Bereavemenl Suprth farfamili•s Let's GROWTogelher ILGT) is a tier 2 ter•avemenl support ir)tefftntKJn for parants and chlklrèn, The LGT rnodel allows prtrtners to ifttegraie the InenOrt trfhnv]ues into thwr w(xk wth children and parents. FME continue to 8ngay over 10 tsmilie8 per Iho lIK¢Jo. 8ereavemenl Gounselling was c¥Jnlinuod lo be wovided to adutts with SUPFK¥I frrffi LFT Charily 8¢ifa•t to help support th in need. We $uppryl Bpproxtmalety 12 8durts per year Boroavemont Gliffwnef Bo8s A Glimm•r 8ox is 8 th04lIty prwfod 8LWrt krt dèsignthl to bring comfort. conneaK)n. and hopo lo chihjren and young FeopI8 exp9rieng grief. Each box ntrIn ccrnblnalkn of resources 8u¢h as ¢reaifvg mai¢rtal$. 8¢n89ry ttems. and 9enfje prompts ihai help children explore emots'ons in safe and rneaninqful ways. We ddNer 25 box88 8nnum to lamilies across Northern Ireland and ho Io W¢)W this in lulur• ya8¢s. Glimm¢r R¢•our¢¢ Libvary io a Garehjlty frateS iody ol wKl4nforrnvJ resourc06 devekped and overseen by Fresh Mlnds Edu10n. Thes8 guKles, auted by FME arg substanbal, oxpen-led, and n9ou8. oiounded in livad èXFériancé, evidence-inform practice, and specialisl experti8e In bereavemenl and loss. Eoch Guid¢ i¥ thou9hlfulty •trudur¢d t• #upptyl und¢rsl•nding, r¢fi•dion, and aclion. FME a currentty 9rwng the librnry. Comlort Crafts is a b8reav8ment suppth1 fc¢ Won Antrim & Negotiat4• was •stalShad to brin9 adutt wom•n together lts$UPPOrt eath other and Nlenl¢fy gaps in bereavement and mental heath pro¥isiuii fui wu111). rnmediale As5iStarKe CaHs.' Our dedK8led tearn wovJes irnmedwte Sup to families navigating the cornplexittes of death and tying wrth children and young peOe This indude prowding support where po35ibl¢ gnd ¥v3npo¥liTh9 to olher Community supForts avail•trAe. Annual Rernembering Te". As part of0urcomnnitY initialwes. we host aft Ann1 R•m•mtémYJ Tre• event Thi8 hp.airtrfiJl trfi Invit pet¥) lo add a bobb in m•rnw of thèir loved onès. Thè initiativ coinades wrth Nation31 Child and Youth Gf Aw8rere$s Week in November and runs right up to Christmas, pri)viding a r[nInl way for the cornrnunty to corne together, rerrernber. and support each other during the winter se8son. This year our tree was di8played in First Anlrim PStyterian Church as part of a fe$tNal ol Chrislmas trees from ro$S the der kntrim communty Fh Lrttle Minds - SUNRISE has been as an e4Tthncd based thildren's $111enCe curriculwn with an inrw)vate thin& platlrym. demon$tratino impact w parhup*ing
Fresh Minds Education Ltd Company Llmlted by Guarantee Trustees. Annual Report {In¢orporating the Directorfs Report) (convnrx Year ended 31 July 2025 children's rnentsl heamh and wdh"ng in Ihis finandal y•ar 20 Prlmary s¢hoots and 40 primary sd)r le8eher8 auoss Northem Ireland will receivè Fresh Liwe Minds Sumse funded ty Raynè Foundation. RTE Toy Show ICFMII and PHA Small Grenl¥. Fresh Minds GROW OtinueS to be delNered iry FME aSBOC•8te practilwjners ac¥o6s Northem Irdand children from ruTrl and urban wrnary schoc45. FME delwered Fresh Lrttle Minds GROW and a children's counselling programme a$ part of the Department of Commnrtie$ Nwghbourhood Ron•w81 Areas in three primary SthS across Baltyrnena reaching over 270 children. The progr8mme successlully provides a lun, ter4d've currulum of dassroorn-based activities delivered by FME facilrtator$. It has been w¢ll re¢Ned by h0O15 and Gommunty grganisations across the regKJn. A current waiting list is OFerating lor gJbsK1ised wogramft. Pents"ng Fras Lrttle Minds.. The AMBER ApFYoach. prograrnrne was delivered as part of this programme for over eij parenis and carers of th55 prq8cI lo conne£iwrth the lewning In the prnmr. Lo¥1 Voic•$ SIrIng GrJp FME youlh 8t•8rirvJ grP work•d with other ytyjng peopl• in tho communty. delNeMg a range of engagtsmonl aclwibes and resources wlh and for young PeQF48. exploring Ihetheme$ of bereavement. wiid8. grief and10s6. 11 1$ imwt8nt lo note th81 thi$ enw9m¢nt proaramrne has lo young people forming an 8th'$0ry ¢xJmmrttee for FME operatiw81 and leadership teams. by building in young peo9, vcitets and fwèsent8tion auo$s th• organisation. Th• group of young peop have Liunched a Last VoKe$ and r¢sour¢2s and 9JFVOrt the FME board and erShip 18arn In seeklng fvnding lo conb'nL the projed. Tho AMBER Approach to re811w IB 8 Prograrnmewhichn be UBed bycommunty groups. educatio pro1esjion¥ and in tsrnily xtling5. Thks year Ihe programme h•¥ been delwered withln 8Gh)ols and cornmunily groups lo hdp provhye Ihem wilh a proven usef-frwdiv llEnce method09Y Ihat can be integrated Into classrooms and atrtssj a ¥arièty of schtd and communty seibngs. Strongerfrom th• Slarl is o Pèr•rtKig and Baby M85s8 5UPPOrt prc¥Jramm• for paronts and cwers to re¢¢Ned mentsl health themed baby massage classes This was delivered in the FME Heartspace for 24 parents and 24 babies lo rtteive Communty ¢onne¢bM. nu¢n"lion advic8 and mental helath support. Art8 Council of Northom Ir•l8nd 8UPPOrt•d FME io train 8dist8 to legm Ihg AMBER approach to U8e williiii Ili¥ii ail ViaLl iii devvbJyiiiy IMY wuik willi wiiiiiiuiiily vtyaiiibalv)n6 a¢r0•6 Northm Ir¥land. This has further embedd FME'S rosilwKe pr&iK into drfferenl fom)s of t¥eatNe Wofk and provided cr•atNe partrtitsnèrs Wrth art basè to èxplorè new thèm0$ with groups they with. Connectn$ Link Llfv SyKwJe Preven¢p)n Trainirg ¢wlinue8 lo wpp)rtgd by PHA in providin9 the opportunrty tor groups IndNiduais In Ihe NHSCT to ae¢ess this trainiNJ. This programme continue$ to be one ol the few Suicide pti¢) Irainiry proaramnw devtsed in Nl th81 1$ 8pproved by the PHA and alle to bè delNered onl1rrIa1ty. oi in person. It is the adIng suicide wevention training across Northern Irek8nd as doojmenled in PrrAect Life 2 mid evaluation reporL FME delfvers 45+ trainlrKJ swon w annum. Tho Connecti$ Link Lrfe Curriculum b8ing delNe¥•d as w ofthe EdLK8tK)n Authority's Bein9 Well Doing Well 1ntstvent. aGr0 150 xools a(¥0 NtheM Ireld a¥ a Sude prevention training mo(lel for scod stsff. FME have developed youth resources and vbJeo$ lo the ojrriculum 80 the prograrnme r2n be deliver* in schr18 and 1xMUnty groups. Operation tink Life PreYgnth?n Training d¢v¢lowJ the Veteran Cornmissioner for 14DrthElll Ireland, Nvrthewn Irelat¥J Vetetan5 Supwt OffKe and 5UPPWtEd by In5PIIE WellLEing. Thi5 Gurriculum continue5 to be ddNered xros5 Northem IreLqnd to V8tefan u)mmunrties and their
Fresh Mlnds Education Ltd Company Limited by Guarantee Trustees. Annual Report Iln¢orporating the Directorfs Report) (conthuedj Year ended 31 July 2025 families. Link l.rfe T4T Irainry Sh¢Y tontinLd d•mand. wth traIr to dollr thg programme lo our communit8 acro$6 the publt. private and 3rd sectors. This prograrnme accepts sutsble applK8nts to receNe training and support in the ConneCtS Link Lrfe oJrriuJlum, in¢luding Ihe Connect 4-Way Interyention Modd and hcmt lo wepare. set up aThJ ddNer c4)lin¥ and 17 person. The charty continue buikl The Heart5pxe at Antrirn Enlerprise Agen, as a open community v&nu8 which can facilitate progr8nmEs, pamier wlm OlheT communty organlsatlons to delfverer support activities. host project parlnership meetings and regthal govemarKe rneetin9s (SUIde Prevention). Thi8 is currentty supported by Amtrim and NV4vl¢74Vnabb CourKA. ynteerS and donatsons. Christmas Toy Appeal, This communty progrJmtY was faolrtaled wrth donations for toys and gitts Irorn across the wffiunrfy and otlered to t8mil$ who wuired SUPPLNt du• to oconomic and socol tsrturnstanets. Flnanclal revlew Incorne has oec¥eased from last finanoai year to £80.888. Thts has been ty the L3oard an(J SenK)r Mana9ernent Tearn imie5ting tim8 8nd 8nergy into urirJ nth¥ partn?rships, new fun#ing and maintaining the Blandard of emistirg nto¢ts oryl Serv$. Th¢ fvn<kng •nd In¢ land$¢•pe nts'nues to be influenced by gl¢)bal and nation81 èv•nls, and this ehvironmtni re4uires Ihe organisaty'on lo be flexibk8 in priontising prograrnmes and 8daDtino methods oldeli¥ery to continue to m881 noed ar its objectN•s. Th• wierèase in Ihe cost of INin9 ho5 mad¢ an iryt on the operglional cts of Ihe organisatvJn and it8 8eryKe8, rt Contin to mw, rn"n9 e6st8 and Irthating wh•r• necessary. Bothth• l•v•l of8¢tNty?$ •nd Iheytwendfinewal pW1bWere con8thred tisfarAOry. The directorn expect that incom•to wKr•a8• inth•y•arto 31 Juty 2026and thwwll bè maintainéd forth8 fmo00¢49 ruture. Th• StAt•mont of Finarxial Actsyitw shrys a net iTr7eaw in uned Funds ol £S.493 aTrJ a net cr•As• in R•stiiel•d Funds of £1,or2 Thg Company had Charity Fund5 of£87,233 as at 31 ju 2025 Small company prov5slon• This r8POrt has been prepared inac9yd8r wilh Ihe pro¥Wons •ppIlble lo compan$ entitled to the sm811 cempani•s exèmNh. Tha trnJ%t*#' AnniJAI rg.pMwa# #pr1 28 Ar1 2tr28 aTrJ signedon b8h8ff ofthe bo¥d oftru61ees by.. MrA Trustee
Fresh Minds Education Ltd Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Fresh Minds Education Ltd Year ended 31 July 2025 I repon TO me Trusw on my exarnan olTr sernents ot Pf85h Minds tducth.on Lid I'the dwriVI forthe y8ar 8Thd8d 31 July 2025. Rttpon•lbl1ltl •rtd l)4•i• of report A5 the tru6es of the mr¥Jany ian¢J also rts diredors tor the wrposes ol company I) you are responsible for the preparatmin ol the financial staternenls in acu)rdane wrth th8 requirements of Cherilies Act INorthern Ireland) 2008 Ilhe.26 Act'l and the CompanKsA<20CkS I'the 2006 Act'l. You ¢ire 53t15fied that the aOUnt3 ollhe company are Mt requir by chwrty orcompany Law to b6 audrtad and hav8 choserb instead lo have an independent 8xaminatr)n. Having 8ali8fiod thai thg #thint6 01 Ihe comparty aro not fegwrad to b¢ o&ditgd und¢r Part 16 of the 20L% Ad are eligible for independent examinatw)n. I rewrt in respect of my examination of th8 charity's finanual ststermnts as camed cxrt under 8e¢tion 65 of the 2008 Ad. In carrying out my examinatic I ha¥e fdk)wÈd the gener81 DYeclKJnsoNen bylhe Charty COn¥TriMh for Nrlèwn Irftrhnd under sedi¢)n 6519llbl of the 2Crf18 Act. Independent examln•fs 8tatam•ni I have ci)mped my •xaMirWt. l thal no matters have cem• to my attgnt#)n in o)nnKbon ¥th my ¢x0min#tion gNing m eau8• to b¢li¢v¢ that rnater¢•l re8porA'. a¢anIlg record$ were not kept kn re6pX of thè charity 88 wuired by 8odk)n 386 of the 2[ Act.. or tha fiMnts81 alatement• do not acrd wilh Iho•e rec4r&: the fin8nckl stai&n8nts ao thexcountw reqthramonts of sectn 396 of the 2c(e A¢t olhw Ihan any requir•rnent thal Ihe nIS gfv¢ a'tn 4nd fair ¥Kw WI l• Th)t 4 matl8r consid•r•d Aa p#rt of an ind•pendwtt oxamin8tKJn'. or the finandal statem•nts havè b••n In accwdarK4 vAth MOtja and piirriples ol the Statement of Reeornrnended Pracb'ce lor accountino and rewrtiNd by charilies 8pplubl8 lo chantias preparing thwr xo)unls ui accordan with th8 Finl RewliThJ StaThJard aWicatrA• in UK and RewblK of Irel8ThJ IFRS 1021. I confimi thal there are no ¢lh•r matters lo whith your att¢ntK)n 8hould be drthvn to ana a utsYgr#ianding of th• acco to b• f•#th•d. Demiot Corr Independent Examiner 29B Main Streei RandaLstown County Anlrim 8T41 3A8 28 April 2028
Fresh Minds Education Ltd Company Llmlted by Guarantee Statement of Financial Activities (including income and expenditure account) Yoar ended 31 Juty 2025 2025 Unrv¥irtaeil Resirtcied fvnd$ Total fund• Total fvnd8 2024 In¢ome And •ndowm•nts Donations and legxle8 Charrtable activities 129,2 132,7C¥J 1C6,09) 1LB.886 93,848 105.( Totsl Incom• 108,59) 1292LX) 237.71 203,734 Expendlturo Expendilure on raksing ndS.. C¢8ts ¢1 olher trading acli¥th&$ Tot•1 gxp•ndltrAr• 103.097 128,128 231.225 243, 103.097 128.128 231,225 243,095 Net In¢¢)m•ll•xp•ndl*urnl Ind n•t mov•m•nt In 5.493 1.072 6,5 139,3811 R•¢onclllat14)n ol fund• Tntal fiinds brought lOard Tot•1 fund• c•rrl•d forwar¢1 8,682 80.688 120,048 80,687 TT.519 9,734 87,2S3 Th• stat•mgnl of fInarla1 activrti44 indudo5 811 gal and lo88 r•g)wi•od kn the year. All income and expMdilu¥e derivo frLYn ¢tUlrrfj xtivith88. The noty• on 10 10 14 lorni p•rt o1th•o• financlal statAmgnt&
Frnsh Minds Education Ltd Company Limited by Guarantse Statement of Financial Position 31 July 2025 202) Flxed Tangib18 fixed aEE¢ts 12 2.8n 5,738 urreth ass•ts Stocks Debtors Cash 8¢ bgnk 8iNJ iri liaThJ 13 14 9.845 28.966 68,134 18,839 18.383 57.874 1Ck8.94S 9S.096 Crndltorn: •mounl• falllng due lvlthin owv• y••r N•t ¢urr•nt 4880ts 15 22.569 84.376 15.9)8 79.188 84,924 Total aM•ts le•0 eurrent liabili 87.253 Cr¢dltorn.' amounts fAllln9 du? •ft•r rnor• th•n oTh> y•ar N•t 888•ts 16 4,237 80,887 87.2S3 Fund• of th• eharlty Rtsstricled funds Unrestricted funds 9.734 77,519 A.eA31 72.02e Tot•1 charity fvnd• 18 87.2S3 80,687 For tha yèar ¢rtding 31 2025 lh¢ th8ntywas •nlilJgd to exempts'on from audit undw 477 of the Companles NLI 21 relating lo $m811 companies. Dlrecaors, WFUb$its'lrfieB". Thc mcmbers hove not required th ¢¢rfnpany to cthin aLpJit 11& finatKi ¥Wlwiiwii¥ fur the year in question Sn accordanc wfth saction 476,. The directors acnowledge Iheir r8sponsibilrtieslorcomFtyin9with Ihe reqrements01 the Adwilh re$pe¢t lo accounting re¢ords and the prepar81ion ol financial slalernents. These financkgl 8tatern¢nt$ have been prepare<l in wthlanc• wlh th• woviiiom aWK8bl8 to compankig $ubJe¢t lo lh8 small C(Xnpan. regTh. The statement of financial position continues on the following page. Th• not4g on pays 10 to 18 form p•rt of th•s• financial sl•l•m•nt8.
Fresh Minds Education Ltd Company Limited by Guarantee Statement of Financial Position {CLVMhN 31 July 2025 i.nese 51alements were approved by Ihe board of trustees and auihorised for issue on 28 Apnl 2028, and are sbaned on behaN Df the boatd ty. Mr A Wallaco Truslee Th• noth8 on wg•¥ 10 to 18 form wrtofth•s• finarK*I $t4t•m•nts.
Fresh Minds Education Ltd Company Limited by Guarantee ststement of Cash Flows Year ended 31 July 2025 2025 2024 C•h frorn op•r•tln9 ¢tiviti•¥ Nel iTwmellexpen¢Jiturel 139.3611 AdJ'ustin8nts lor. Depwatiorn oftangiNe fixed ass81s Intèrest payable and similar charges AccruJ (ireXPen 3.169 5,805 11,305} 3,592 5,769 1,478 Ch8ngg8 in.. Stock? Trade and other debtor¥ Trade and other u•drtors 5,119 15,220 12991 18,4821 110,583} 12.623 Cash g8wated from operal)ns 25.268 Inte$t paid Tax pal# Net cash fromllu¥ed Inl oFerating actmttes 15,8051 13,8(JYI 15,854 15,7691 117,8931 131,6441 Co•h from invostlng •ctl7ltlM Purchase of tangible assets Nol c•$h us•d tn inv•sting actwiti {3101 {3101 Ca•h flo Irorn fln•nclng aell¥ltl•• Pro¢eed$ frcffi borrtr4ANJs Net c•tsh used In fina9 aCtMiie8 {5.0851 15.0851 15.0851 13.0851 N•t Incr•a80lldeer¢atsi In Gash and equivxlgnl• C••h and ¢a•h equivalents at b•ginning of y••r Ca8h and cash equivalents at *nd Of year 1Q,259 57.874 68,133 136.7291 57,875 noto5 on paps 10 to 18 fovm olth•g0 lonal?Sta1•MoME•.
Fresh Minds Education Ltd Company Limited by Guarantse Notes to the Financial Ststsmgnts Year ended 31 July 2025 Gèneral Inlorn)atlon The chafty IÈ a Publ benefft enlity and a priv&t• compeny liftbted ty guafafitee. registered in Northern Irdand and a registered charity in NortkEm Iielantl. The Jdres3 of the re9iSteTeLI office is Unit 5 Anlrim Enterprise Centre, Greystonè Road, Anln'm. BT41 1JZ. Statement of compltanc• These financial $talerTrenls have W8P8re(I w) Wnpli?re wilh FRS 102. The Fln8ndal Reporting Standard in the UK and the Republic of Irèland,, ihè Statement ol Recommended Practice applicable lo th8rities preparing their xcounts in accordancè wrth the Financial Abporting Standard apable In Ihe UK and RepublK of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Comp¥s ArA 2. Accountlng pollci B••1• of pr#1atIon rh• IinaThcial $laternents ttava beon prepared on the hlstorf¢81 o)st ba&s. as Modff by tho ro¥olualion of certain finan¢ipl assets and IsAbilrtw and invostmenl proporti88 measured 8t f•ir VAlw Ihroy9h inceme or expondrture. The finanaal slaterrths are Ixeparnd slwling. wh¢h th• hJnLtonal cjjrronw of lh• erfty. Golng ¢onM Thgre a no materi81 uncertatiilies abwl Ihe chwitf$ aknlty lo ceffjtinue. Ju+Jg•m•nts •nd key •our¢•8 01 oatlm¥Von unc•rt•lnty Th• pr•p•r#tion of the finan•1 StolenTrts requiras mana9¢111ont to rnoke Igements, •$timal and 08$umpiw)ns that allect the arncthis r•ad. Those estlm8te$ 8nd judgtment$ are continualty wewed and are based on expenence 8Th1 othw fadors. induthna •xp8ctAth)ns of future event5 Ihat bethèved to be reasonabl8 w)dar thè arcum$tan¢es. Forni9n ¢urr•nGb•• Fortygn currerry tranS0a are Inthlty recor¢ in tm functi(Thl curren¢y. by app.d the spot exchange rate as at the date ol Ihe Iransaclxjn. Monètary assds and liabilit$ denominated in I01gn ojrrerries 8r Ir8nsl8ted al the exchaThJe rate ruling at the rep).9 date, with any gains or los being taken to the $talemt ol f)anci&l 8CINibeg. 10
Fresh Minds Education Ltd Company Limited by Guarantee Notes to the Flnancial Statements fe¢)nIthdl Yearended 31 July 2025 Accountsng policies fcLwtin Fund aeeounting Unrestrthd lunds we avaiLabk at ts dwebon of the trustees to fvrfher ary of the harrtys purposes. Dg84naled lunds are unre5traod fvnds earmark•J by the trustee6 for partI¢r lutur¢ proiecl or ¢omrnitrnenl. Reslrid8d fvndsare 8utiected to rn8trlckn$ on th8KexFerKlththdared by the dorbx or throu Ihe lerrns of an appeal, and fall into one oftt¥o$uthdasse$." r•strKled irkxrne lunds or ondwmont fundi. In¢omlny mourc All irKoffling rgsour¢es a thUde Ni IhB 8latern8nt of finand81 vitIeS when entrfemènt ha$ P888ed lo the charty., st 1$ probab thai the ecoTr)mic benefits a$8W8teil with the IraTisaElion will Ilth¥ tg the charrty ano In• amLwnt bg relWI rnea8u. Th• folhM"n9 speofic pol88 are appl lo partts18r ¢at890ritss ol Inco.. incomo frorn don&tn• ¢x gfants r•ccwi¢¢il wh¢n there li evh4ence of •ntMl•mon¢ to th? gNI, rttelpt is yobae and rts amwnt ¢w btr measured reliabiv. wwrne M Teccgnis•d whan rK•ipi 1$ and entiUem8nt18 8stabli8h8d. inCts from donaled gc¢d$ i% measured at the fw'r valu8 ol the unle$8 this is impractical to rneasure reliaity. in whtt case Ihe value is derivad from the o)sl lo the donor or thg 981imated resakn valu•. Dwted le19 and servKes are recogw¢d in the acojunts when receivtd if ilw volue [7 ieli¥bty in•#su. No amcwnis a Incluaea for th8 conirft4Jllon of g•n¢r ¥unle8[S. rn• frorn eontraet# br tho 6uppty of 16 fets)gnia¢d with the delNery ol the contracted Serv. This is da8srf*d as unrestriaed futhls unle$$ there 16 a contr1 rewirernent for rt to be spent C a [bl9r purpose and felwn8d rf spent. li whKh case rt may be regarded as restricknj. 11
Fresh Minds Education Ltd
Company Limited by Guarantse
Noles to the Financlal Ststements (c¢111¢j
Year ended 31 July 2025
AC¢I)untsng policies l¢on
R•#oure•¥ oxp•ndod
Expenrtu Is reCnI1 on an acc¥uals basis as a liaLmY i¥ incued. Expendrture Sndu¢Yes any
VAT whith r2nnot be fulty recov8red, artrJ is d855d under headingsol ts $ts1oment offinancial
actrtS to which il rdates..
8XP8ndilure (M) 18i$iw hJrHIs Thude8 th? costs ot all ftjrthlslng acththéi, èvents, noTr
Charrtab trading acbvities. and the Sa of drmwled 9oods.
oxpondrfurè on caritabl¢ a¢lwrtk% 811 c05t8 Inrro by o thJrity in undortaking
aciNthes that furfher its Charita m5 for the knefft of it5 benefidarfes, Sndudlng tho$&
$upport Ct$ and co$t$ reL4ting to Ihe governarte of the d)arity aprt)ned to charilable
aejwrf
othtrèxpenditure Iude$ all èxpenditure Ihat is neith8rr•latsd to raiiingthJnd$ forthe charity
nor part of rts expendrture on ¢harrt*)18 8ctNities.
I c08ts are olkx•t•d to •xpenditur• c9t09OI fthckng tho ua• ol the relrCe. Dtreci e
Frèsh Minds Education Ltd Company Limited by Guarantee Notes to the Flnancial Statements {¢onllnwdJ Year ended 31 July 2025 Accountlng pollcle8 (Cltinued) lrnpairmont of flx•d a680ts ¢¢ontrn4rtd) For the purwses of 1tnpalnTt te$ling, when it 18 not pcwt4e to e8twnate the recoverable •mnt ol an Inoiviouai asset, an esbmate is rnade of the recoverabk amount of th• cash-gènèratino unit to whh the assèt belong5. The cash.generatiry unil i8 the smallest Klantible group o18ssels that Induées the assel and generales cash that largely indyndent of the cash infi)ws rri>rri olhei a558ts or 9roup5 of a35ets. impaimnt te51in9 01 grthwll. the gcthll wutred ne$S comblnation Is. from the acquisition dale, allocated lo ea¢h ol the ca5h-generakng units Ihat 8re expected lo benefit from tho synergie5 01 Ih¢ combinaiw. iryesKthe of hether ¢Xlr a88et5 c¥ liaLvliliES of the Larity are a$svJned to those units. Stock• Slocks are rneasured al the kx¥er ol cost esffimatad sellty prke less costs compltstè and sell. Cost incIje$ $1$ ol purchase. 518 of ¢uwer8•)n and other costB irrJJrred in bringing the stock lo rt8 pre8•nl and ¢onditth. FlnancFal In•trum•nts A finan¢val assel or a finanraal liats.lty is rec4JgThsed onty tharty t¢comes a pgrty lo lh• rA)ntr8ctual provi¥iMs of the in8trum8nL Basic finanoal InTumenls are inthajty renI1 at tho receivable or payable indudlThg ny lated transaction cost$. Curr•nl g16••ts and c¥Jm•nt litibilibè• oro•ubwu¢nty mo••ured •tth¢ ¢&•h orother C11d•ti0ffl èxpe¢led lo be paid or reco1 ond nol Dobl in$trument$ are 8ub8eouenty Ir@d at amoth"8ed eosl. Vthere invo$tm•nts in 6har•B are pUblY traded thdr fair v81ye herwISe be measured r418y. the i[we51nllI kry subsequeirtly rrieasured at fair value with ch8rrtJes In falr value reeognis•d in incoTh and xpenditure. Al olher $uth in¥esbixrt8 are subWnI m•awrnd ai CXJ81 Ips8 smpaimwit Otr instruments. includiThJ d8rNatNW, are ref4nad al fair value, unlesB payment lor an ass is deferred beyond norn1 IKJsiness temis or finan at a rate of intère51 that 1$ not a market rate. in which case the aksèt 1$ mèa$ured at lh• pr•s•nt value of the futuro Pay[nts disc¥Junted al a mathel fate of Hit•r•st lor a SlIar debt irtrUr[wrt. her finan¢K41 instrurrents are svbseqtsentty measured at fair valua. wfth any¢hang&s rewnis8d in the statement of fina31 è#Nities, wilh Ihe exrtyion of hed9ing inslwnwnts in a d8wgnal8d dging relationship. Financial as8els that are measur1 at aML$ed cost a revitr*ed for objectwe 8vid8nc8 of impairment at the end of each feporb'na date. If Ihere is objectNie edee of imp8im)ent. an Impairrnent loss is recognised uThJer the apprOwt0 haading in the statèment of finanaal 8Ctivrties in whjch Ihe inthl 9ain wa$ recognised. 13
Fresh Minds Education Ltd Company Limited by Guarantee Notes to the Flnanclal Ststements (conthNAdJ Year ended 31 July 2025 A¢counwng POliei•s (etyJiinu•dJ Finneil instrumonts l¢tybthwdl For all equty Instruments r¢9ardth ofsMJNfKaKe, and otheffinwKial 88se18 that are inthi¢knlty 519nificarbt. Ihese are assess8a Indrvkyualty Icrf impaimient. Olh8r financial assets are either assessed indivHJuaJty or grouped on the basis ol similar u•dil tharact8ristics Any r8¥orsals of Ifflpalrrt afe reo)gnis&l iinn)eth8iety. i¥J t1 extent that the reversal (loeJ not résult in a carrying anKJunl of the [inar•I asset that exceeds what the carrying amount would have been had thè irnpa1rrI not We¥U$1Y be 10¢09Th88d. Limited by 9uartnte¢ Th• company is limited by guar)t••. The Ir8biliy of each memt4r is limited lo £1. ng Ihe 8mounl each member undèrtakes lo contribut• lo th• assèts of the Company in tho evant af its eing wound up while he or she is 4 member or knthin ona y•ar after ho or shg cea6e8 to b• a rnember. lor. - payrnant of tho Compwy'B deits and liolylrt• b8fore ho or $h• c•• to b• mtrnber. . P8ymenl of the LWS. ¢haTges and expews ofhlndlng up., )d - adivslmènt of Ihe nght8 oftm eontributorw arr#yw Do1OnI •nd 109a¢b•¥ Llrrntridad R•8trica•d Total Furd• Funds 2025 Grants Grants rK•able 129.2C 132,70) Unre8tnct•d Ra#t1¢ Totsl Funds Funds Fund• 2024 Grants Grants rtteNat46 5,205 104.881 109.888 Charilabl• •¢tivFts Urestri Total Funds Unfred Total FuTrSs FuThJs 2025 Funds 2024 Olher incuna from ¢harilabk ico.cwj 105.ogj 93,848 14
Fresh Minds Educatlon Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 July 2025 Gosts th other tradlng actiYitleB Unr08tritsY R06trictod Total Fund Fund8 Funds 2025 Costs othar trading acThith. 0rat9 tradvJ company 103.TrJ7 128.128 231,225 utrtt Restricted Tota Funds Funds Funds 2024 Costs ofolhw trading actr4ib88- Opwating trading company 122.231 120,884 243,095 Not Incom{exp•dII1l N•t kno)mtllè¥penthturel r& stated after CargI(lXedrfryl)'. 2025 2024 Depreaath?n of tsngible fi¥ea assets Foreign exchaThJe drflerences 3.169 239 3,592 239 Ind•pendent •xwnln•tloD I••• 2025 2024 Fees p•Yae lo the indeFendenl examinrfor. Indop•ndènt •xtsminotion gf the finoncwl stat¢sm•nts 1,4SO 10. Stsff ¢o•ts The total stalt ethts •nd ernp ben•ffts I th• f•wtwig wiod anatysed as fc4kws'. 2025 2024 Vwages and $8Lar8 5,2fj5 9,867 Thè average head wjnt of plOyeeS dng the yew w8$ 212024.. 11. The average numb•T of fulktirne equivaknt employees durin9 the year k% anatysed as follThvs'. 2025 2024 No. Cor• Staft No eM0Ye0 r•tsNed ewryknyee benth of ftwe Ihan £60,CUI dlrring the ye8r12024.. Nir). 11. TYu•to• r•mun•r•llon and •xp•r No TrusM r880 refixjnerlC or olher benefits frtyn the Company. 15
Fresh Minds EdurAtion Ltd Company Lirnited by Guarantee Notes to the Flnan¢lal Statements ie Year ended 31 July 2025 12. Tangible Thx8d a$ts EgUiFKn•rtt At 1 ALu$l 2024 Additions 14.366 310 At 31 July 2025 Dèpr•¢lotson Al 1 August 2024 Charge for the y At 31 July 202 arrylng amount Ai 31 July 2025 Al 31 July ?n24 14,67S 8,630 3.169 11.799 2.877 6.738 13. Stoekl 2025 2024 materi48 eonsumobles ,845 18,839 14. D•btov• 2026 2024 Tradè debt 28.717 249 9,S47 7,813 1,023 18.383 her debiors 26,966 1S. Cr•dRorg'. •mounts falllno ¥th4th1n one year 202¥ 2024 Bank loans aThJ overdrafts Aceruals and deferred intsjn CorK¥)ration lay So¢i81 stturrty and other taxes 4.237 14,101 S.085 3,000 4.769 3.271 15.9)8 16
Fresh Minds Education Ltd Company Llmlled by Guarantee Notes to the Financlal Ststements Year ended 31 July 2025 16. Gi•aitors: arnots talllng due after more than on¢ ye•r 202S 21x4 Bank loans and overdrafts 4.237 17. D•l•rr•d In¢4rn• 2025 2024 Amount delerrnd in y 12. 18. Analy819 of eh•rltabl• fund Unrn•trO¢t¢d lund• 1 Aust 202 At In¢urw Eyndrture 31 July 2025 Gonaral fund• 108.5KI 1103,097) 77.S19 At 1 Augu#t 202 At Inm Expenditure 31 July 2024 Genernl fw)d$ 95,204 99.053 1122,231} 72,028 R1Ct•d lund• 1 August 202 At IrKonw Expenditur• 31 July 2025 Re51rkted Funds 129.2 {128.1281 9,734 At l August 202 At Inctm Expgnditure 31 Juty 2024 Restrthd Fur 24,844 104.&91 1120,8641 8.ee1 17
Fresh Mlnds Education Ltd Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 July 2025 19. Analysis ol [t assets l)etween fvNI# Vnr•¥tri¢led T•t•l Fund• Funds 202S Tangible [ed assets Current asset$ Cr•ditors s$ than 1 year Credrtors grèat8r Ihan 1 year N•t ?A77 1C6.945 (22,5691 2,877 1C6,945 I22,9) 87.253 87,253 Unreslrid•d Tatal FiJnd$ Fun 2024 TaroJibl8 fixed ass•tB Curr8nl assets Crodilors Ihgn 1 y••r ¢rgdrfor8 grealef than 1 year N•t ••••t• 5.738 95,096 115,9081 14,2371 95,0 14.2371 0.087 20. An*ly•l¥ of chary•B In n•t At 1 Aug 2024 Cash Ilw 31 Jul 2028 Cash al bank and Sn hand D•bl tyL within on• y•ar Debt due after y 57,874 16.086 {4,23n 48.552 10.280 68,134 14,237) 4.237 15,345 83,897