REGISTERED CHARITY NUMBER: SC046447
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2024
for
Youth Mindfulness
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
Youth Mindfulness
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 14 |
Ywth Mlrnthln•88 ReferenceandAdrnlnlstratlve Detalls fortheyear Ended 31 December2024 TrUSTEES PRINCIPAL ADDRESS G19>1 REG&8TERED ADDRE&8 24 Hort)8rt Street Glasgtyi G206NB REGISTERED CHARITY ILIMBER SCC46447 DEPEMDENT EXAMINER 24 Hwbsrtgrnl 740 WatwsKJ& Drive BS99 58D
Youth Mindfulness
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
CHAIR'S STATEMENT
Youth Mindfulness exists to support the development of greater awareness, kindness, and compassion in individuals, communities, and society, with a particular focus on children and young people. We believe that mindfulness can support people to live with greater presence, resilience, and care for themselves and others, and this conviction continues to guide our work.
During 2024, the charity operated at a more consolidated and measured level of activity . Trustees were satisfied that this was appropriate and proportionate, allowing the organisation to continue delivering its core work while operating sustainably and within its resources.
Chair
ABOUT US
Youth Mindfulness is a community of mindfulness practitioners committed to enabling a healthier, happier, and more compassionate society by sharing mindfulness with children, teenagers, and adults. We develop and deliver educational and training programmes that seek to have a transformative impact on the lives of participants.
Mindfulness is a practice of awareness. It means to be deeply in touch with what is happening in the present moment, without judgment. Through the practice of mindfulness, we learn to bring awareness to our breath and body and reconnect with the vitality of our somatic experience. We learn to reconnect with ourselves, with nature, and with other people. Practising mindfulness enables us to cultivate positive inner qualities such as joy, happiness, and love, and to develop the strength and compassion to be present with difficulty.
ACHIEVEMENT AND PERFORMANCE Charitable activities Overview of Activities in 2024
2024 was a year of continuity and consolidation for Youth Mindfulness. Activity levels were lower than in some previous years, reflecting a focus on sustaining core pr ogrammes, supporting our existing community, and maintaining quality.
During the year, the charity:
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Delivered six online workshops
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Completed a Level 2 Teacher Training
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Trained 22 educators to deliver our core curricula
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Continued to offer weekly meditation sessions for the Youth Mindfulness community
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Youth Mindfulness
Report of the Trustees for the Year Ended 31 December 2024
ACHIEVEMENT AND PERFORMANCE Charitable activities Our Curricula & Training
Mindfulness teacher training remains central to the work of Youth Mindfulness. We continue to offer three mindfulness curricula targeting different age groups:
Youth Mindfulness Kids Programme
The Youth Mindfulness Kids Programme is a 16-lesson introduction to mindfulness for 7–11-year-olds. Using games, videos, kinaesthetic activities, and playful mindfulness exercises, this programme supports children to develop self-awareness, gratitude, resilience, kindness, and agency.
Youth Mindfulness SOMA Programme
The Youth Mindfulness SOMA Programme is a flexible, trauma-sensitive mindfulness approach for teenagers and young adults aged 12–21. With 45 activities across 10 themes, educators can tailor their approach to best meet the needs of young people, using a strengths-based approach to mindfulness.
Mindfulness for Life
Mindfulness for Life is an eight-week mindfulness course for adults, introducing foundational mindfulness practices such as mindfulness of breathing, the bodyscan, and mindful movement, alongside practices for cultivating joy, working with difficult emotions, fostering kindness, and observing the activity of the mind.
How Did We Do?
Trustees were satisfied that during 2024 the charity:
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Continued to deliver its core charitable activities
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Maintained the quality and integrity of its training programme.
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Operated within its capacity and resources
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Remained aligned with its charitable purposes
FINANCIAL REVIEW
Financial position
The Charity incurred a deficit of £15,332 for the year ended 31 December 2024 (2023: deficit £18,073).
At balance date, reserves stood at £14,861 (2023: £30,193) with all of these being unrestricted.
Reserves policy
It is the intention of the trustees to maintain free reserves which are sufficient to cover at least three months' ordinary running costs which at the end of the reporting period, amount to £8,293 (2023: £13,298).
Youth Mindfulness held £14,861 (2023: £30,193) in unrestricted reserves and so the trustees are satisfied this policy is being met. Funds held in excess of this amount will be reinvested in the service.
FUTURE PLANS
Looking ahead, Youth Mindfulness intends to continue delivering its core programmes and supporting its practitioner community at an appropriate and sustainable scale, with a continued emphasis on quality, accessibility, and long-term stewardship.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Youth Mindfulness is a Scottish Charitable Incorporated Organisation registered with the Office of the Scottish Charity Regulator (OSCR) - SC046447
Organisational structure
The day-to day management of the charity is delegated to Mr Michael Bready (the Managing Director) by the trustees. The trustees and Mr Bready meet on a quarterly basis to review progress towards the charity's goals and to make key decisions.
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Youth Mindfulness
Report of the Trustees for the Year Ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Key management remuneration
In the opinion of the trustees there is one member of key management personnel; the Managing Director.
The total cost to the employer paid for this post including national insurance and employer pension contributions in 2024 was £21,500 (2023 £24,966).
Risk management
The trustees have a duty to identify and review the risks to which the SCIO is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
27/2/2026
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
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Independent Examiner's Report to the Trustees of Youth Mindfulness
I report on the accounts for the year ended 31 December 2024 set out on pages six to fourteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
Date: .............................................
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Youth Mindfulness
Statement of Financial Activities for the Year Ended 31 December 2024
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Charitable activities 4 Training Courses and Programmes 16,126 - Investment income 3 - - Other income 5 1,712 - Total 17,838 - EXPENDITURE ON Charitable activities 6 Training Courses and Programmes 33,170 - NET INCOME/(EXPENDITURE) (15,332) - RECONCILIATION OF FUNDS Total funds brought forward 30,193 - TOTAL FUNDS CARRIED FORWARD 14,861 - |
2024 Total funds £ 16,126 - 1,712 17,838 33,170 (15,332) 30,193 14,861 |
2023 Total funds £ 33,154 41 1,925 35,120 53,193 (18,073) 48,266 30,193 |
|---|---|---|
CONTINUING OPERATIONS
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities in both years. Comparative figures for the previous year by fund type are shown in Note 11. The notes on pages 8 to 14 form part of these financial statements.
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Youth Mindfulness
Balance Sheet 31 December 2024
| Notes FIXED ASSETS Tangible assets 12 CURRENT ASSETS Debtors 13 Cash at bank CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds TOTAL FUNDS |
2024 £ 1,894 2,128 13,479 15,607 (2,640) 12,967 14,861 14,861 14,861 14,861 |
2023 £ 2,704 3,463 26,666 30,129 (2,640) 27,489 30,193 30,193 30,193 30,193 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
The notes on pages 8 to 14 form part of these financial statements
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Youth Mindfulness
Notes to the Financial Statements for the Year Ended 31 December 2024
1. GENERAL INFORMATION
Youth Mindfulness ("the charity") is a Scottish charitable incorporated organisation governed by its Constitution. It was registered as a charity in Scotland (registered number SC046447) on 31 March 2016. Its registered address is c/o Herbert House, 24 Herbert Street, Glasgow, G20 6NB.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:
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the Charities and Trustee Investment (Scotland) Act 2005;
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Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006;
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the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities;
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'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, published in October 2019 (FRS 102)' ("the Charities SORP");
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UK Generally Accepted Accounting Practice; and
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the historical cost convention.
The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.
The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.
There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Cash at bank and cash in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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Youth Mindfulness
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
2. ACCOUNTING POLICIES - continued
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Going Concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost
Taxation
Youth Mindfulness is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
3. INVESTMENT INCOME
4.
| Bank interest INCOME FROM CHARITABLE ACTIVITIES Membership Kids Programme Teacher Training |
2024 £ - 2024 £ 8,479 3,894 3,753 16,126 |
2023 £ 41 2023 £ 11,850 325 20,979 |
|---|---|---|
| 33,154 |
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Youth Mindfulness
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
5. OTHER INCOME
| 2024 £ Employment Allowance 1,712 6. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 7) note 8) £ £ Training Courses and Programmes 31,356 1,814 7. DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 £ Staff costs 23,212 Facilitator - Insurance 484 Marketing 1,975 Software Subscriptions 2,840 Telephone 418 Travel - Professional Fees - Payroll Fees 455 Staff training and well-being - Events - Subsistence - Office Supplies 498 Equipment - Coaching - Website Costs - Manuals 604 Membership 60 Supervision - Depreciation 810 31,356 8. SUPPORT COSTS 2024 £ Bank charges 494 Accounts Preparation & Independent Examination 1,320 1,814 |
2023 £ 1,925 Totals £ 33,170 2023 £ 25,742 6,560 437 1,889 2,669 406 7 360 400 653 6,333 7 255 348 400 441 1,708 565 385 810 50,375 2023 £ 1,498 1,320 2,818 |
|---|---|
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
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Youth Mindfulness
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
| 10. STAFF COSTS Wages and salaries Social security costs The average monthly number of employees during the year was as follows: Project and office Staff (HCB) No employees received emoluments in excess of £60,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Charitable activities Training Courses and Programmes 33,154 Investment income 41 Other income 1,925 Total 35,120 EXPENDITURE ON Charitable activities Training Courses and Programmes 53,193 NET INCOME/(EXPENDITURE) (18,073) RECONCILIATION OF FUNDS Total funds brought forward 48,266 TOTAL FUNDS CARRIED FORWARD 30,193 |
2024 £ 21,500 1,712 23,212 2024 1 Restricted fund £ - - - - - - - - |
2023 £ 23,817 1,925 25,742 2023 1 Total funds £ 33,154 41 1,925 35,120 53,193 (18,073) 48,266 30,193 |
|---|---|---|
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Youth Mindfulness
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
12. TANGIBLE FIXED ASSETS
| COST At 1 January 2024 and 31 December 2024 DEPRECIATION At 1 January 2024 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Payroll debtor Sundry debtor Cash in digital wallets 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund fund £ £ Fixed assets 1,894 - Current assets 15,607 - Current liabilities (2,640) - 14,861 - |
Computer equipment £ 4,051 1,347 810 2,157 1,894 2,704 2024 2023 £ £ 501 2,456 64 64 1,563 943 2,128 3,463 2024 2023 £ £ 2,640 2,640 2024 2023 Total Total funds funds £ £ 1,894 2,704 15,607 30,129 (2,640) (2,640) 14,861 30,193 |
|---|---|
Comparatives for analysis of net assets between funds
| 2023 | 2022 Total funds £ 3,514 84,656 (10,136) (29,768) 48,266 |
|||
|---|---|---|---|---|
| Unrestricted Restricted |
Total | |||
| funds | funds | funds | ||
| £ | £ | £ | ||
| Fixed assets | 2,704 | - | 2,704 | |
| Current assets | 30,129 | - | 30,129 | |
| Current liabilities | (2,640) | - | (2,640) | |
| Long term liabilities | - | - | - | |
| 30,193 | - | 30,193 | ||
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Youth Mindfulness
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
16. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1/1/24 | in funds | 31/12/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 30,193 | (15,332) | 14,861 |
| TOTAL FUNDS | 30,193 | (15,332) | 14,861 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 17,838 | (33,170) | (15,332) |
| TOTAL FUNDS | 17,838 | (33,170) | (15,332) |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1/1/23 | in funds | 31/12/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 48,266 | (18,073) | 30,193 |
| TOTAL FUNDS | 48,266 | (18,073) | 30,193 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 35,120 | (53,193) | (18,073) |
| TOTAL FUNDS | 35,120 | (53,193) | (18,073) |
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Youth Mindfulness
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024 and 31 December 2023.
18. PURPOSE OF FUNDS
General fund- the unrestricted, 'free reserves' of the charity
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