OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Registered number: 02611510 Charity number: 1003061

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

SUFFOLK MIND

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Trustees and advisers 1
Trustees' report 2 - 14
Independent auditors' report on the financial statements 15 - 18
Statement of financial activities 19
Balance sheet 20
Statement of cash flows 21
Notes to the financial statements 22 - 43

(A company limited by guarantee)

SUFFOLK MIND

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees Ian White, Chair
Tim Mutum, Vice Chair
Katerina Budinova
Karen Davies
Greer Hill
Colin Hopkins (resigned 20 July 2022)
Leanne Thorndyke
Richard West
Chloe Ludkin (appointed 8 November 2022)
Company registered
number
02611510
Charity registered
number
1003061
Registered office
26 High Road West
Felixstowe
Suffolk
IP11 9JB
Company secretary
Linda Phelan
Chief executive officer
Jon Neal
Independent auditors
Larking Gowen LLP
Chartered Accountants
1 Claydon Business Park
Great Blakenham
Ipswich
IP6 0NL
Bankers
Barclays Bank Plc
1 Princes Street
Ipswich
Suffolk
IP1 1PN

Page 1

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report together with the audited financial statements of the company for the 1 April 2022 to 31 March 2023. The annual report serves the purposes of both a trustees’ report and a directors’ report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company’s governing document and the provisions of the Statement of Recommended Practice (SORP) 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).

Since the company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

Objectives and activities

a. Our overarching goal

We want to make Suffolk the best place in the world for talking about and taking care of mental health.

b. Our priorities

c. Our values

Page 2

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Objectives and activities (continued)

d. Our approach to mental health

All of us have mental health, just as we have physical health, and we are all on the Mental Health Continuum, moving along it, in both directions, during our lives.

Suffolk Mind works right across the continuum, from wellbeing to ‘severe and enduring’ mental ill-health – providing support and information for everyone.

To influence our services and products we use an ‘organising idea’ with the Mental Health Continuum at its heart. We all have physical and emotional needs and we’re born with a set of skills and resources to meet those needs. Stress occurs in response to unmet needs. If stress is unaddressed, we move along the continuum into mental ill health.

This approach is referred to as Emotional Needs & Resources.

Whatever our age, we can learn about our own mental health and develop simple skills and techniques to enable us to take better care of both ourselves and those around us.

The approach is straightforward and flexible. Through it we can influence the environment of Suffolk to enable people to get their needs met – whether in their homes, workplaces, schools, rural communities or town centres. We want these environments to help people make a life that works well for themselves and those around them.

As well as focusing attention on keeping people at the wellbeing end of the mental health continuum, we will also continue to help people to address the barriers to meeting needs.

This means, we will continue to deliver services for people with mental ill-health, helping those that are less able to help themselves, and working towards freeing up the NHS to be in a position to help people when they need it most. This helps us to work towards ensuring that everyone in Suffolk experiencing a mental health problem gets support and respect.

Our focus continues to be on developing services for people who need us – whatever their age – and on diversifying our income sources to make us more financially sustainable.

Page 3

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Objectives and activities (continued)

e. Main activities undertaken to further the company's purposes for the public benefit

The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit. Suffolk Mind provides residential and support services for those with higher needs plus a range of services in the community.

Our online presence has gone from strength to strength. In 2022 we launched our new website and the number of website visitors increased to 33,338 in the last three months of 2022/23.

f. Equality and diversity

Over the year to 31 March 2023, Suffolk Mind employed an average of 98 permanent staff and 19 relief staff.

Lived experience of mental health challenges

Suffolk Mind is committed to recruiting employees and volunteers with lived experience of mental health challenges. The majority of our employees and volunteers have personal experience of mental health challenges, with 1 in 3 using or have used mental health services themselves.

Based on 70 responses from employees and volunteers

Page 4

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Objectives and activities (continued)

Age of our employees and volunteers

Gender identity of employees and volunteers

97% of employees identify with the same gender they were assigned at birth.

Disability status of employees and volunteers

Based on 71 responses from employees and volunteers

Page 5

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance

a. Main achievements of the company

Our wide range of therapeutic services and training enable everyone to understand mental wellbeing and help to improve or maintain their own. Skills learned can also help people to support others. This knowledge can be applied at both home and work to help everyone to get the best from life and to feel happier and healthier.

During the year all services remained well run and safe with good outcomes.

Suffolk Mind is an accredited Investors in People employer and a Mindful Employer.

Suffolk Mind won two awards at the East Suffolk Awards in February 2023. The first was the Health and Wellbeing Award for offering ‘The Mental Health Toolkit: The Essentials’ free of charge to members of the public. By offering free places over a number of years we are actively working to meet our mission and educate as many people as possible. By educating people in the emotional needs and resources approach we can help keep people at the wellbeing end of the continuum, and also give people knowledge and tools for times when their needs are less well met.

The second award was for the Big Idea Award. Suffolk Mind produced and distributed ‘Sammy the Seasquirt’ (a book showing the benefits of exercise on mental health) to every five year old in Suffolk and we have built a lasting legacy with our Sammy Movement Sessions.

Suffolk Mind was also awarded second place in the Mind Innovation Awards for our work developing an E- learning platform.

b. Housing

Our aim is to provide supported accommodation to ensure a successful tenancy for those that have mental illness. Our housing services embrace recovery approaches for mental health and wellbeing; a holistic, enabling, person centred approach to mental distress, disadvantage and social exclusion.

Montrose House is a residential care home for residents with long term mental health needs. It has been rated as Outstanding by the Care Quality Commission and in 2017 won Care Service of the Year. Montrose House staff provide 24 hour care and support tailored to the needs of the individual including support with personal care (washing/dressing) and medication. Meals are provided with residents encouraged to help themselves to drinks, snacks and light meals to maintain their independence. Staff work closely with the local mental health teams, GP surgeries and other health professionals to ensure residents emotional and physical needs are met.

Six sites in the Suffolk Coastal area provide housing and recovery support to individuals who have experienced mental health issues and may have spent time in hospital. Staff are able to offer support to help identify the needs of tenants and explore ways in which they can get their needs met. Tenants can be supported to attend college courses, to find voluntary work and to seek opportunities to find meaningful activities that help promote their recovery. They may be supported to reconnect with their family, offered information on sleep and diet. All tenants have a co-produced support plan personal to their own needs. The service is not intended to provide long-term support and when tenants feel ready they will be supported to move-on to their own flat or home, usually within two years or less. We also run a floating support service and help tenants to setup and run peer group activities.

The Green Road service in Cambridgeshire provides housing and support services to individuals with enduring mental health issues. Tenants have their own flats. Support staff are available on-site and provide high levels of one-to-one support with all aspects of daily living such as cooking, shopping and budgeting as well as providing emotional support.

Page 6

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

c. Community services

Suffolk Mind runs a wide range of services in the community, for individuals, groups and organisations. In 2022/23 these services included:

Children, Families and Young People’s services Counselling Eating Recovery Green Care Mums Matter NHS Support Line Open Space – a joint project with Suffolk Libraries and Suffolk Family Carers Suffolk Night Owls Suffolk Work Well Waves Workplace Wellbeing

During 2022/23 more than 27,000 individuals used our services. We had more than 86 active volunteers and 2840 Friends of Suffolk Mind, a 21% increase on last year.

All our services are evaluated by our clients. In 2022/23 significant highlights, despite the challenges of Covid19, were:

We use the Net Promoter Score to measure how well our services are meeting demand. In 2022/23 the overall NPS score for all Suffolk Mind services was 74%, an increase on the previous year.

This overall Net Promoter Score is the percentage of promoters minus the percentage of detractors. NPS ranges from -100 (meaning everyone is a detractor) to +100 (meaning everyone is a promoter). Most companies consider a decent Net Promoter Score to be greater than 0%. Any positive NPS is good. An NPS of +50 is excellent.

For more information on our services please visit our website Suffolk Mind Services.

Page 7

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

d. Fundraising

Suffolk Mind is registered with the Fundraising Regulator and we abide by the Code of Fundraising Practice. Trustees have approved an Ethical Fundraising Policy. All fundraising is undertaken by Suffolk Mind employees – we do not use the services of third party fundraisers. Fundraising activities comply with all relevant legislation and the Fundraising Regulator’s Fundraising Promise:

Suffolk Mind will take considered decisions on where and how fundraising occurs and acceptable sources of donations. Donations will be refused if they compromise the best interests of the charity and its purposes.

Charity of the Year

Suffolk Mind was named Charity of the Year by 18 organisations. Almost 200 individual supporters took part in a wide range of challenges over the year to raise funds for our charity to use towards delivering and developing services to improve the mental wellbeing of people across our county.

Page 8

(A company limited by guarantee)

SUFFOLK MIND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

a. Financial position

Trustees receive regular reports on the charity’s financial position. In 2022/23 Suffolk Mind recorded a deficit of £107,430 compared to a deficit of £140,244 in 2021/22.

Funding for the charity’s activities comes from a variety of sources, principally Suffolk County Council, East Suffolk and West Suffolk Clinical Commissioning Groups (CCG) and Cambridgeshire CCG, enabling Suffolk Mind to provide housing and other support services. Suffolk Mind continues to diversify income sources in line with one of its strategic objectives.

b. Going concern

Having revised our strategy, forecasts and business plans and after making appropriate enquiries the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Trustees continue to monitor the situation closely looking at the impact on cash flow and forecasts. The trustees have identified no material uncertainties which would mean that the charity would be unable to operate for the foreseeable future. For this reason, the trustees continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

c. Reserves policy

The trustees review the reserves policy annually and, in line with that policy, hold reserves of £1,502,927 to protect the continuity of the charity’s work in the event of a shortfall in income, to replace assets when required and to provide the capital to deliver our strategic plan in line with expectations and needs for the year ahead.

£211,213 is held in fixed assets that could only be realised by disposing of these assets. A further £119,558 relates to computer software and our website.

The service income protection reserve represents a minimum of three months’ operating expenditure to ensure continuity in the event of funding cuts.

The organisational development reserve represents the amount expected to be needed to support the delivery of Suffolk Mind’s strategy and return to break-even by 2025/26. This fund stands at £60,000.

Specific reserves are also held to fund asset replacement and building repairs.

A further £75,000 is reserved to pay the balance of the lease on our West Suffolk accommodation until 2029.

Restricted reserves at the year end amount to £nil with total reserves of £1,502,927.

Page 9

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

d. Material investments policy

The investment policy sets out the purposes for which Suffolk Mind makes and retains investments. The key factors that are taken into account are risk and liquidity. Trustees ensure that Suffolk Mind has sufficient liquid reserves to meet short term needs and invest surplus funds elsewhere to provide the charity with security of capital and a reasonable degree of liquidity.

Due to continuing economic uncertainties and rising inflation during 2022/2023, the trustees decided to maintain an equal split between investments and cash held on deposit on deposit. This decision remains under review. Our cash holding as at 31 March 2023 was £1.5 million, compared to £1.6 million at 31 March 2022.

e. Principal risks and uncertainties

Trustees regularly review the charity’s risk position and compliance with relevant regulatory and statutory requirements.

Financial risk remains high due to the uncertain economic position and Trustees continue to monitor closely our cash position and the delivery of our strategy to diversify income.

Suffolk Mind has safeguarding policies for adults and Children which are reviewed annually. Serious safeguarding concerns are reported to trustees. All staff and Trustees have attended safeguarding training.

The Trustees have assessed the major risks to which Suffolk Mind is exposed and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Suffolk Mind has complied with all prevailing laws and regulations.

Page 10

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

a. Constitution

Suffolk Mind is a registered company, limited by guarantee, and a charity registered with the Charity Commission. The charity is governed by its Memorandum and Articles of Association adopted on 16 May 1991 and amended on 19 May 2023. The objects for which Suffolk Mind is established are to promote and protect mental well-being and to support and assist those experiencing mental ill health.

b. Organisational structure and decision-making policies

The charity’s board of trustees meets four times a year, with additional meetings as required. The board is responsible for strategic direction, for ensuring proper governance of Suffolk Mind’s activities and for risk management.

Trustees are recruited through a rigorous process of advertisement, shortlisting and interview by two trustees, including the chair, and involving the CEO. All trustee appointments are ratified by the full board. New trustees have a period of induction. All trustees attend our Suffolk’s Needs Met courses and receive additional training relevant to their role.

A paid CEO is appointed by the trustees to manage the day-to-day operations of the charity. The board expects the CEO to take both strategic and operational decisions based on its formal ratification of the annual business plan and the budget. The board requires that all decision-making will be within the remit of Suffolk Mind’s objectives and policies as set out in the charity’s Scheme of Delegation.

c. Pay policy for senior staff

Suffolk Mind is committed to ensuring that all jobs are consistently evaluated and a job evaluation policy is in place to ensure that the process is both equitable and transparent, irrespective of the size or level of the job role. Remuneration levels have been benchmarked against similar roles in the sector. This ensures that all staff, including the senior leadership team, are paid at the appropriate level for the role, capability and performance. The CEO approves remuneration of the senior management team and the Board approves the CEO’s remuneration package.

d. Related party relationships

Suffolk Mind is one of more than one hundred local Minds accredited by Mind, a national charity committed to promoting better mental health. In 2019 we were pleased to receive the Mind Quality Mark.

Page 11

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management (continued)

The charity has a wholly owned subsidiary, Suffolk Mind (Trading) Limited. This company remained dormant for the duration of the year.

Plans for future periods

We expect the long-term impact of Covid-19 to lead to significant growth in demand for our services. All indicators suggest a doubling in the number of people who are experiencing depression or other forms of mental ill health. Our own research chimes with this, as we see the proportion of the population not meeting their emotional needs on average has also doubled since the beginning of Covid-19 and lockdown.

These figures are recovering, but slowly. The graph below shows how well the Suffolk population have been meeting their needs over the last year. We would generally expect to see wellbeing increase in spring and summer. The data tells us that this could be for a few reasons: respondents report their physical or mental health being less of a barrier to meeting their Needs in warmer months than in winter. Respondents’ physical & mental health is consistently reported to be the most significant barrier to how well needs are met across the board, so anything alleviating this (such as the weather) is unsurprisingly having a noticeable impact. In Quarter 3 2022, when interest rates increased significantly, respondents’ financial situation was reported as being a barrier to them meeting their needs.

Page 12

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Plans for future periods (continued)

Strategically we have chosen to focus on a few areas in which we will aim to meet some of that demand and enable the population of Suffolk to maintain good mental health. We will:

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 13

SUFFOLK MIND

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Ian White Chair of Trustees

Date: 01.08.2023

Page 14

SUFFOLK MIND

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SUFFOLK MIND

Opinion

We have audited the financial transactions of Suffolk Mind (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial transactions:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial transactions section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial transactions in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual report other than the financial transactions and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial transactions does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial transactions or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial transactions themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 15

(A company limited by guarantee)

SUFFOLK MIND

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SUFFOLK MIND (CONTINUED)

Matters on which we are required to report by exception

In the light of our knowledge and understanding the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial transactions and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial transactions that are free from material misstatement, whether due to fraud or error.

In preparing the financial transactions, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 16

(A company limited by guarantee)

SUFFOLK MIND

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SUFFOLK MIND (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial transactions as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial transactions.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Due to the field in which the charitable company operates, we identified the areas most likely to have a direct material impact on the financial statements as compliance with the UK accounting standards, the Companies Act 2006 and the Charities Act 2011. In addition, we considered the provisions of other laws and regulations which, whilst not having a direct impact on the financial statements, are fundamental to the charitable company's ability to operate including care quality commission regulations, health and safety and employment law.

The specific procedures for this engagement and the extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial transactions or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial transactions, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial transactions is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 17

SUFFOLK MIND

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SUFFOLK MIND (CONTINUED)

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Graham Mummery (Senior statutory auditor) for and on behalf of Larking Gowen LLP Chartered Accountants Statutory Auditors Ipswich Date:

Page 18

SUFFOLK MIND

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Note
Income from:
Donations and legacies
3
Charitable activities
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
399,633
2,844,607
7,799
40,094
3,292,133
3,394,563
3,394,563
(102,430)
(102,430)
1,605,357
(102,430)
1,502,927		 Restricted
funds
2023
£
6,658
483,026
-
-
489,684
494,684
494,684
(5,000)
(5,000)
5,000
(5,000)
-		 Total
funds
2023
£
406,291
3,327,633
7,799
40,094
3,781,817
3,889,247
3,889,247
(107,430)
(107,430)
1,610,357
(107,430)
1,502,927		 Total
funds
2022
£
219,917
3,109,712
4,449
84,336
3,418,414
3,558,658
3,558,658
(140,244)
(140,244)
1,750,601
(140,244)
1,610,357

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 22 to 43 form part of these financial statements.

Page 19

SUFFOLK MIND (A company limited by guarantee) REGISTERED NUMBER: 02611510

BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Intangible assets
11
Tangible assets
12
Investments
13
Current assets
Debtors
14
Investments
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 344,626
746,748
684,959
1,776,333
(604,178)		 2023
£
119,558
211,213
1
330,772
1,172,155
1,502,927
-
1,502,927
1,502,927		 309,040
759,631
662,946
1,731,617
(423,001)		 2022
£
88,502
213,238
1
301,741
1,308,616
1,610,357
5,000
1,605,357
1,610,357

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ Ian White Chair of Trustees

Date: 01.08.2023

The notes on pages 22 to 43 form part of these financial statements.

Page 20

SUFFOLK MIND

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Note
Cash flows from operating activities
Net cash generated from/(used in) operating activities
19
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of intangible assets
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
20		 2023
£
75,890
7,799
(57,441)
(4,235)
-
-
(53,877)
22,013
662,946
684,959		 2022
£
(216,412)
4,449
(76,684)
-
83,134
(500,000)
(489,101)
(705,513)
1,368,459
662,946

The notes on pages 22 to 43 form part of these financial statements

Page 21

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. General information

Suffolk Mind is a registered company, limited by guarantee, and a charity registered with the Charity Commission. Suffolk Mind is incorporated in England and Wales, company registration number 02611510 and charity registration number 1003061. The registered office is 26 High Road West, Felixstowe, Suffolk, IP11 9JB.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are presented in sterling, which is the functional currency of the company and are rounded to the nearest £.

Suffolk Mind 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.

2.2 Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

2.3 Consolidation

The financial statements do not consolidate the results of the charity and its wholly-owned subsidiary Suffolk Mind (Trading) Limited. Suffolk Mind (Trading) Limited is a dormant company and therefore the company has adopted the exemption from preparing consolidated accounts.

2.4 Going concern

The Trustees have considered the company’s position at the time of signing the financial statements. The Trustees have also considered the company's forecasts.

Based on this, the Trustees have concluded that they have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

Page 22

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.5 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grant income (including government grants) is included when the related conditions for the grant have been met.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.

Donations are credited to the revenue account when received. The charity received the benefit of work carried out by volunteers but no monetary value is placed upon this in the accounts.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. 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 attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to 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.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

All expenditure is accounted for on an accruals basis. Direct charitable expenditure includes the direct costs of the activities and depreciation on related assets. Where costs relate to more than one functional costs category, they have been apportioned as a percentage of staff employed on the relevant service.

2.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

Page 23

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.8 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.

2.9 Pensions

The company contributes to the charity's stakeholder pension scheme and the multi-employer pension schemes of the National Health Service (for those staff members previously employed by the National Health Service). Details of these contributions are given in Note 23.

2.10 Intangible assets and amortisation

Intangible assets costing £3,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Amortisation is provided on the following basis:

Computer software and website

2.11 Tangible fixed assets and depreciation

Tangible fixed assets costing £3,000 or more are capitalised. Properties are valued at cost, or at open market valuation at the time of receipt when acquired without consideration.

Tangible fixed assets are carried at costs, net of deprecation and any provision for impairment. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives on the following bases:

2.12 Investments

Investments in subsidiaries are valued at cost less provision for impairment.

Current asset investments are deposit accounts and are a form of financial instrument recognised at fair value.

Page 24

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.13 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.14 Cash at bank and in hand

Cash at bank and 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.

2.15 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it 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 company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.16 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 company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company 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.

Investment income, gains and losses are allocated to the appropriate fund.

Page 25

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

3. Income from donations and legacies

Unrestricted
funds
2023
£
Donations
200,633
Legacies
199,000
399,633
Total 2022
205,684		 Restricted
funds
2023
£
6,658
-
6,658
14,233		 Total
funds
2023
£
207,291
199,000
406,291
219,917		 Total
funds
2022
£
219,446
471
219,917

4. Income from charitable activities

Unrestricted
funds
2023
£
Housing Services
1,909,418
Courses & workshops
-
Qu'ran & emotional health education
121
Healthy Mind Counselling
138,217
Volunteering / Suffolk Advice, Guidance & Emotional
Support
557
Suffolk Night Owls
170,000
Workplace Wellbeing
114,535
Green Care
-
Personality Disorder Services
164,000
Suffolk Work Well
-
Children & Young People
44,557
Eating Recovery
62,841
Support Services
8,746
Connect
49,250
NHS Services
131,242
Training
53,869
Reception
-
Other
-
Total 2023
2,847,353		 Restricted
funds
2023
£
4,116
33,092
-
67,592
27,207
-
12,100
12,558
-
95,420
17,621
-
217,921
-
-
-
399
(7,746)
480,280		 Total
funds
2023
£
1,913,534
33,092
121
205,809
27,764
170,000
126,635
12,558
164,000
95,420
62,178
62,841
226,667
49,250
131,242
53,869
399
(7,746)
3,327,633

Page 26

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
funds
2022
£
Housing Services
1,864,830
Service Development
-
Qu'ran & emotional health education
258
Healthy Mind Counselling
76,612
Volunteering / Suffolk Advice, Guidance and Emotional
Support
-
Suffolk Night Owls
170,000
Workplace Wellbeing
225,172
Green Care
-
Personality Disorder Services
114,049
Suffolk Work Well
-
Children & Young People
31,499
Eating Recovery
6,420
Support Services
-
Connect
197,160
NHS Services
129,048
Sammy Grants
581
Digital
-
Projects
16,000
Training
56,014
Total 2022
2,887,643		 Restricted
funds
2022
£
19,264
13,497
-
53,522
29,950
-
-
7,930
-
71,412
1,000
-
6,997
-
-
1,500
6,997
10,000
-
222,069		 Total
funds
2022
£
1,884,094
13,497
258
130,134
29,950
170,000
225,172
7,930
114,049
71,412
32,499
6,420
6,997
197,160
129,048
2,081
6,997
26,000
56,014
3,109,712

The charity was eligible to claim additional funding in the year ended 2022 from government support schemes in response to the coronavirus outbreak. The funding received is included in Housing Services.

The charity received the following income under each scheme:

Page 27

SUFFOLK MIND

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

5. Investment income

Unrestricted Total Total
funds funds funds
2023 2023 2022
£ £ £
Investment income 7,799 7,799 4,449

In 2022, all investment income received was unrestricted.

6. Other incoming resources

Unrestricted
funds
2023
£
Other income
40,094
In 2022, all other income was unrestricted.		 Total
funds
2023
£
40,094		 Total
funds
2022
£
84,336

7. Analysis of expenditure by activities

Contracts and grants for the provision of
services
Total 2022		 Activities
undertaken
directly
2023
£
2,463,832
2,335,525		 Support
costs
2023
£
1,425,415
1,223,133		 Total
funds
2023
£
3,889,247
3,558,658		 Total
funds
2022
£
3,558,658

Page 28

SUFFOLK MIND

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Wages and salaries
Depreciation
Training
Other staff costs
Maintenance, furniture and equipment
Rent, rates and utilities
User related costs
General administration		 Activities
2023
£
1,668,830
22,549
15,159
196,609
50,873
309,727
26,641
173,444
2,463,832		 Total
funds
2023
£
1,668,830
22,549
15,159
196,609
50,873
309,727
26,641
173,444
2,463,832		 Total
funds
2022
£
1,619,758
1,035
5,343
148,153
58,651
287,498
26,959
188,128
2,335,525

Other staff costs include: agency staff; travel; recruitment; and other staff related expenditure.

Maintenance, furniture and equipment include: furniture and equipment costs; servicing; and cleaning expenditure.

Rent, rates and utilities include: heat; light; water; telephone; rent; rates; and maintenance charges from Housing Associations.

User related costs include: catering; residents' welfare; activity expenses; and vehicle running costs.

General administration includes: printing; postage; stationery; professional fees; insurance; services development; IT costs; and bank charges.

Page 29

SUFFOLK MIND

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Wages and salaries
Depreciation
Training
Other staff costs
Maintenance, furniture and equipment
Rent, rates and utilities
User related costs
General administration
Governance costs - other
Governance costs - staff costs		 Activities
2023
£
962,886
10,096
13,470
81,428
20,328
54,100
2,473
252,631
11,825
16,178
1,425,415		 Total
funds
2023
£
962,886
10,096
13,470
81,428
20,328
54,100
2,473
252,631
11,825
16,178
1,425,415		 Total
funds
2022
£
838,163
12,759
27,646
43,442
17,819
53,144
3,174
194,540
11,364
21,082
1,223,133

Other staff costs include: agency staff; travel; recruitment; and other staff related expenditure.

Maintenance, furniture and equipment include: furniture and equipment costs; servicing; and cleaning expenditure.

Rent, rates and utilities include: heat; light; water; telephone; rent; and rates.

User related costs include: catering; and activity expenses.

General administration includes: printing; postage; stationery; professional fees; insurance; services development; IT costs; and bank charges.

Governance costs include: auditors' remuneration; insurance; Trustee expenses and training; and Company Secretarial.

8. Auditors' remuneration

2023 2022
£ £
Fees payable to the company's auditor for the audit of the company's
annual accounts 10,000 9,948

Page 30

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9. Staff costs

Wages and salaries
Social security costs
Operating costs of defined benefit pension schemes		 2023
£
2,366,053
204,038
77,803
2,647,894		 2022
£
2,231,300
174,831
72,872
2,479,003

A total of £8,109 (2022 - £nil) was paid in the form of non-contractual termination payments.

Payments have been recognised in the period to which they relate, in line with the accounting policy over expenditure.

The average number of persons employed by the company during the year was as follows:

2023 2022
No. No.
Average number of employees 117 113

The average monthly number of employees during the year expressed as full-time equivalents was as follows (including casual and part-time staff):

2023 2022
No. No.
Average number of employees 76 75

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2023 2022
No. No.
In the band £70,001 - £80,000 1 1

The key management personnel of the charity comprise the trustees, the Chief Executive Officer, the Head of Mental Health Education, the Head of Engagement and Income Generation, the Head of Operations, the Head of Support Services, the Head of Development and Partnerships and the Head of Community Services. The total employee benefits of the key management personnel of the charity were £345,836 (2022: £330,942).

Page 31

SUFFOLK MIND

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 March 2023, expenses totaling £ 48 were reimbursed or paid directly to 2 Trustees (2022 - £303 to 5 Trustees).

11. Intangible assets

Cost
At 1 April 2022
Additions
At 31 March 2023
Amortisation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Computer
software
and website
£
97,489
57,441
154,930
8,987
26,385
35,372
119,558
88,502

Page 32

SUFFOLK MIND

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

12. Tangible fixed assets

Cost or valuation
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Freehold
property
£
303,218
-
303,218
101,853
-
101,853
201,365
201,365		 Long-term
leasehold
property
£
72,284
-
72,284
70,524
1,760
72,284
-
1,760		 Motor
vehicles
£
9,247
-
9,247
9,247
-
9,247
-
-		 Fixtures and
fittings
£
274,359
4,235
278,594
264,246
4,500
268,746
9,848
10,113		 Total
£
659,108
4,235
663,343
445,870
6,260
452,130
211,213
213,238

Page 33

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

13.
Fixed asset investments
Cost or valuation
At 1 April 2022
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
Principal subsidiaries
The following was a subsidiary undertaking of the company:
Name
Company
number
Suffolk Mind (Trading) Limited
03222021
The financial results of the subsidiary for the year were:
Name
Suffolk Mind (Trading) Limited		 Investments
in
subsidiary
companies
£
1
1
1
1
Holding
100%
Net assets
£
1

Page 34

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2023
£
194,114
51,993
98,519
344,626		 2022
£
158,470
35,583
114,987
309,040

15. Current asset investments

Deposit accounts
Creditors: Amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April 2022
Resources deferred during the year
Amounts released from previous periods		 2023
£
746,748
2023
£
81,919
45,381
13,730
463,148
604,178
2023
£
174,097
409,871
(151,716)
432,252		 2022
£
759,631
2022
£
107,658
62,987
32,137
220,219
423,001
2022
£
226,395
167,977
(220,275)
174,097

16. Creditors: Amounts falling due within one year

Page 35

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Statement of funds

Statement of funds - current year

Balance at 1
April 2022
£
Unrestricted funds
Designated funds
Service Income Protection
1,000,000
Lease Provision
105,000
Organisational Development
Fund
60,000
Building maintenance, furniture
& equipment replacement fund
72,000
Asset replacement fund
160,000
1,397,000
General funds
General Funds
208,357
Total Unrestricted funds
1,605,357		 Income
£
Expenditure
£
-
-
-
-
-
-
-
-
-
-
-
-
3,292,133
(3,394,563)
3,292,133
(3,394,563)		 Transfers
in/out
£
41,000
(30,000)
-
-
(100,000)
(89,000)
89,000
-		 Balance at
31 March
2023
£
1,041,000
75,000
60,000
72,000
60,000
1,308,000
194,927
1,502,927

Page 36

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Statement of funds (continued)

Balance at 1
April 2022
£
Restricted funds
Housing COVID grants
-
Research and Evaluation
-
Fundraising (Time to Talk)
-
Healthy Mind Counselling
-
Community Services/SAGES
-
Workplace Wellbeing/Training
-
Suffolk Work Well
-
Children & Young People
5,000
Green Project
-
5,000
Total of funds
1,610,357
Statement of funds - prior year
Balance at
1 April 2021
£
Unrestricted funds
Designated funds
Service Income Protection
900,000
Lease Provision
135,000
Organisational Development
Fund
100,000
Building maintenance, furniture
& equipment replacement fund
72,000
Asset replacement fund
60,000
1,267,000		 Income
£
Expenditure
£
4,116
(4,116)
213,089
(213,089)
230
(230)
68,092
(68,092)
60,299
(60,299)
12,100
(12,100)
95,420
(95,420)
17,621
(22,621)
18,717
(18,717)
489,684
(494,684)
3,781,817
(3,889,247)
Income
£
Expenditure
£
-
-
-
-
-
-
-
-
-
-
-
-		 Transfers
in/out
£
-
-
-
-
-
-
-
-
-
-
-
Transfers
in/out
£
100,000
(30,000)
(40,000)
-
100,000
130,000		 Balance at
31 March
2023
£
-
-
-
-
-
-
-
-
-
-
1,502,927
Balance at
31 March
2022
£
1,000,000
105,000
60,000
72,000
160,000
Unrestricted funds
Designated funds
Service Income Protection
Lease Provision
Organisational Development
Fund
Building maintenance, furniture
& equipment replacement fund
Asset replacement fund
1,397,000

Page 37

SUFFOLK MIND

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Statement of funds (continued)

General funds
General Funds
Total Unrestricted funds		 Balance at
1 April 2021
£
436,173
1,703,173		 Income
£
3,182,112
3,182,112		 Expenditure
£
(3,279,928)
(3,279,928)		 Transfers
in/out
£
(130,000)
-		 Balance at
31 March
2022
£
208,357
1,605,357

Page 38

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Statement of funds (continued)

Restricted funds
Courses & Workshops
Community Services/ SAGES
Workplace well being/ Training
Service Development
Suffolk Work Well
Children & Young People
Green care
Housing COVID grants
Support services
Sammy Grant/Donations
Digital
Projects
Fundraising
Total of funds		 Balance at
1 April 2021
£
-
1,720
8,170
-
22,895
-
7,930
-
650
6,063
-
-
-
47,428
1,750,601		 Income
£
53,522
29,950
-
13,497
71,412
6,000
7,930
20,194
1,211
9,803
6,997
10,000
5,786
236,302
3,418,414		 Expenditure
£
(53,522)
(31,670)
(8,170)
(13,497)
(94,307)
(1,000)
(15,860)
(20,194)
(1,861)
(15,866)
(6,997)
(10,000)
(5,786)
(278,730)
(3,558,658)		 Transfers
in/out
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2022
£
-
-
-
-
-
5,000
-
-
-
-
-
-
-
5,000
1,610,357

Transfers

£89,000 was transferred from designated funds to unrestricted funds in the year.

Unrestricted funds

Service income protection: The designated funds set aside representing three months' operating expenditure to ensure continuity in the event of funding cuts. This was increased by £41,000 in the year to reflect the increase in operating expenditure.

Lease Provision: This designated fund represents the operating lease commitment for the property at Bury St Edmunds, up to the break clause. This was reduced by £30,000 in the year to reflect 30 months at £2,500 per month.

Organisational development fund: The designated funds available and expected to be needed to support Suffolk Mind's strategy.

Page 39

SUFFOLK MIND

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Building maintenance, furniture and equipment replacement fund: The designated funds available to ensure that the charity is able to repair and replace items as required.

Asset replacement fund: The designated funds available to replace significant assets as required. This was decreased by £100,000 in the year to reflect the completion of the website improvements, reducing the fund to the prior year level.

Restricted funds

Courses and workshops: The funding available from Suffolk Community Foundation for the provision of courses and workshops to improve the emotional health and wellbeing of individuals.

Healthy Mind Counselling: The funding available for the provision of healthy mind counselling.

Community Services/Suffolk Advice, Guidance and Emotional Support: The funding available from partnerships agreements with Suffolk Libraries and Suffolk Family Carers, for the provision of information, advice, guidance and emotional support for mental health and wellbeing in Suffolk.

Workplace Wellbeing: The funding available for the provision of workplace wellbeing services.

Service Development: The funding available for the development of services.

Suffolk Work Well: The funding available from the Big Lottery Fund to provide proactive and emotional support to individuals and ensure that people with mental health problems who want to remain in paid / voluntary employment receive appropriate support.

Children & Young People: The funding available for the provision of community services to children and young people.

Green Care: The funding available for the provision of Green Care services.

Housing Covid grants: The funding available for residents and nurses for the provision of PPE, rapid testing and Infection control.

Research & Evaluation: The funding available to collect and increase the amount of data we have.

Support Services: Funding from the National Lottery Community Fund and other specific grants, such as funding for laptops, for the furthering of support services.

Sammy Grants/donations: The funding available for the publication and distribution of the book Sammy the Sea Squirt.

Digital: The funding given to us for our Kickstarter employee

Projects: The funding available to us to be spent on costs for our E-Learning platform

Fundraising: The funding given to us for our Kickstarter employee

Page 40

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
211,213
Intangible fixed assets
119,558
Fixed asset investments
1
Current assets
1,776,333
Creditors due within one year
(604,178)
Total
1,502,927		 Total
funds
2023
£
211,213
119,558
1
1,776,333
(604,178)
1,502,927

Analysis of net assets between funds - prior year

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
213,238
88,502
1
1,662,689
(359,073)
1,605,357		 Restricted
funds
2022
£
-
-
-
68,928
(63,928)
5,000		 Total
funds
2022
£
213,238
88,502
1
1,731,617
(423,001)
1,610,357

Page 41

SUFFOLK MIND

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

19. Reconciliation of net movement in funds to net cash flow from operating activities

Net expenditure for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation and amortisation charges
Dividends, interests and rents from investments
Increase in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
20.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
21.
Analysis of changes in net debt
At 1 April
2022
£
Cash at bank and in hand
662,946
Liquid investments
759,631
1,422,577		 2023
£
(107,430)
32,645
(7,799)
(22,703)
181,177
75,890
2023
£
684,959
684,959
Cash flows
£
22,013
(12,883)
9,130		 2022
£
(140,244)
13,796
(4,449)
(77,558)
(7,957)
(216,412)
2022
£
662,946
662,946
At 31 March
2023
£
684,959
746,748
1,431,707

Page 42

(A company limited by guarantee)

SUFFOLK MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

22. Capital commitments

2023 2022
£ £
Contracted for but not provided in these financial statements
Acquisition of intangible assets - 54,360

23. Pension commitments

The charity contributes to the company's stakeholder pension scheme, the assets of which are held in independently administered funds. Total contributions to the pension scheme during the year are disclosed in note 9.

The company also participates in a multi-employer pension scheme for staff who were previously employed by the National Health Service. The pension liability is the responsibility of the Nation Health Service Pension Scheme. As a result it is not possible to identify the assets and liabilities of the scheme which are attributable to the company.

At the year end, total pension contributions of £13,730 ( 2022: £ 17,137) were outstanding.

24. Operating lease commitments

At 31 March 2023 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2023
£
28,024
38,760
66,784		 2022
£
28,024
66,784
94,808

The following lease payments have been recognised as an expense in the Statement of financial activities:

2023 2022
£ £
Operating lease rentals - 28,186

25. Related party transactions

There were no related party transactions during the year.

Page 43