Charity registration number.. 1003906 Company registration number.. 02024372 BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Contents Page Charity Reference and Administrative Details Trustees, Annual Report (including Strategic Report) 2-11 Independent Auditorfs Report 12-15 Statement of Financial Activities lincorporating Income and Expenditure Account) 16 Balance Sheet 17 Cash Flow Statement 18 Notes to the Financial Statements 19-27 BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Charlty Reference and Admlnlstrative Details Charity registration number 1003906 Company registration number 02024372 Trustees Rev Canon F Longbottom Mr B Geary Iresigned 11 April 20241 Professor A Davis Mr J Piggott Mr M Shakespeare Dr lan McPherson Ms S Willis Mr N Howl MrA Wylde Ms M Smojkis Rt Revd J Langstaff (appointed 5 October 20231 Ms P Lloyd Knight (appointed 5 Ottober 20231 Chlef Executive Officer Helen Wadley Director of Operations Jame5 Harper (from 8 June 20231 John Bristow (until 30 June 20231 Ruth Galvin Director of Finance Registered office 17 Graham Street Hockley Birmingham B13JR Auditor Cooper Parry Group Limited Statutory Auditor Cubo Birmingham 3 Floor Two Chamberlain Square Birmingham B3 3AX Bankers Natwest Unit 24 Grand Central Ground Floor Stephenson Place Birmingham B2 4BF BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The Trustees present their report and the audited financial statements of the charity for the year ending 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" IFRS 1021 in preparing the annual report and financial statements of the charity. Trustees of the Char The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end were as follows: Rev Canon F Longbottom Professor A Davis Mr B Geary Ichair of the Executive Committee) Imember of the Finance Committee, Chair of the Clinical Governance Committee) (Company Secretary &Treasurer, member ofthe Finance Committee, member ofthe Clinical Governance Committee) Iresi8ned 11 April 20241 Ichair of Estates Committee, member of the Finance Committee) Imember of the Clinical Governance Committee) Imember of the Clinical Governance Committee) (member of the Clinical Governance Committee) (member of the Finance Committee) (member of the Estates Committeel Imember of Clinical Governance Committee) Imemberofthe Finance Committee, member ofthe Estates Committee) Mr J Pi8gott Mr M Shakespeare Dr lan McPherson Ms S Willis Mr N Howl MrA Wylde Ms M Smojkis Mr J Langstaff lappointed 5 October 20231 Ms P Lloyd Knight Imember ofthe Clinical Governance Committee, member of the Eststes Committee) lappointed 5 October 20231 Chairf5 Re ort The f inancial year of 202312024 has been another challenging year. Fina ncially we have ended with a small operating def icit Ibefore increasing pension liabilities and the interest on those liabilities) There have been some significant challenges du ring the year- as well as our successes. As reported in the 202212023 report, trustees decided to bring forward the c05t of living pay increase due to be awarded in April 2023, to October 2022. Effecting this pay increase meant that nearly all our staff received a consolidated pay increase of £1,900 (pro rata for part-time staff). This meant forthe lowest paid staff that they received a 15% increase from April 2022 to April 2023. However challenging this was going to be for our contracts, it was a moral and ethical decision the charity felt strongly in agreement on. We do hope, and have started to see, this pay off in terms of increased recruitment and retention within many of our services during this financial year. We have also continued to invest in additional infrastructure roles that are needed for the Charity to meet its contractual and legal obligations, especially as our percentage of income from the NHS grows. Regulated Services During 2023 we continued to reduce our Residential Care home provision, closing Ludford Road in February 2024 and completing the intended closure of Sycamore Lodge earlier in the financial year. We have had Residential Care as a cornerstone of the work Birmingham Mind has done for decades, but reductions in funding have necessitated a lack of investment in buildings, resulting in concerns about our ability to offer the best care. Important though it has been to Birmingham Mind for a long time, we recognise that we have to ensure that what we offer meets people's needs and expectations and provides the best possible service. It is right that we take brave decisions to close services that do not meet our own expectations and the expectations of the people needing our seNices. We do still have two care homes- Charles Davies House BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 which offers rehabilitation, and Flint Green House which offers step down care for people coming out of secure inpatient services. Both offer a good standard of accommodation and high quality care, and have strong reputations. On the one hand we have been closing care homes, but on the other we have continued to open partnership services with the NHS. At the beginning of 2023 we were pleased to use some of the monies previously invested in Pershore Road Care Home (closed 20221 to open the new Intensive Community Rehabilitation Team. This seNice aims to work with people placed Out of Area and in other Psychiatric settings, finding new accommodation options and providing wraparound clinical and support services, helping people to settle. During the year they worked with over 30 people, helping them to settle. l. The service has enabled people to receive sUPPOrt in the least restrittive type of accommodation in the community, and is already bringing significant financial savings to the mental health system. with an estimated £882k saved at the time of writing. Rookery Gardens also comes under this area of our work {it is a partnership project with BSMHFT but registered as an inpatient facility with CQC}. This continues to flourish, although again as changes are made acr05S the Mental Health System, all seNices need to be reviewed and adapted to stay relevant. Support Services We have a Vulnerable Adult SeNice IVAS) contract for Supported Housing Iwhich we work in partnership with R&J Support and Care Services Ltd) to deliver 107 units of accommodation. We also have a VAS contract for Lead Workers where our staff support people in their own homes {via a range of tenancies) and deliver this in another partnership with both R&J Support and Care Services Ltd and Longhurst Housing Association. Put together these contracts form our largest service. with a contract value of £2.5M and we are the lead provider with our partners. It is funded by Birmingham City Council IBCCI, and it delivers against the same outcomes and KPls- hence why we see it as one contract. During the autumn of 2023 Birmingham City Council served a Section 114 Notice. This is often seen as the way a Council declares "bankruptcy" and we immediately became concerned that BCC might have no option but to only deliver Statutory Services. Ou r VAS contract is not a Statutory Contract, but it does help keep people away from needing a Statutory service. Thankfully when the proposed cuts came out, it was clear that although we were going to lose our inflationary increase, we weren't seeing a direct cut. Although this was good news in the main, with the high inflationary increases we have had to honour keeping staff on Real Living Wage, we know that when April 2024 comes, we will be 20% adrift in terms of our income and our expenditure. We are already working on options to address this. We know that this service delivers fantastic outcomes for people, and we are really proud that 1,242 people have been supported through this service via a mix of brief and longer-term interventions, and we have provided safe and supportive accommodation to 106 people. Community Services Our Mental Health and Wellbeing Service (Recovery Hubs) continue to flourish and now delivers a mix of face-to-face activities and virtual groups. We are the lead provider and work in partnership with Creative Support, and have increased our reach into Solihull. The services continue to provide a range of drop-in soci31 activities with a range of more active opportunities, and we continue to increase our offer to younger people. The Community Development Worker ICDW} service has continued to be a conduit for discussions around BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 health inequalities and access between the Mental Health System and local community groups. As Birmingham has some severe health inequalities, and a number of communities where trust in public seNices is low, this work will continue to be extremely important. The service has also played an important role in the Community transformation within mental health seNices and is helping the neighbourhood teams understand local communities better. Overall, this Service tends to over deliver on the KPIS set by our NHS Commissioners and it is one of the main ways in which we workwith grassroots community groups. We are also the lead provider working in partnership with Better Pathways and Living Well Consortium to oversee a team of Primary Care Navigatorstowork in multi-agency meetings. Duringthisyeartheservicehas been renamedto Mental Hea￿h Connectorsandnowwor*sin Neighbouthoodteams, althoughtheyarestillbasedin Gppracti￿areaS andtakem0st0ftheir￿ferra￿viaGP. Ourconnectionshelppeoplethrough brief interventions, Iinking￿0pIeInt0cOMrnUnty actwttiesandsupportingthemtoaccessTalkingTherapiesandsomeguidedself-helpsupwrt.Afterits first year, this seNKe is going well. and we have seen 1,762 people. Following a successful partnership with the Bullring, we were really pleased to get a small shop in the prestigious shopping centre at a low rental cost. Having carried out more pop-up events, the owners of the Bullring were impressed with the impact our staff has on both people accessing the shopping centre and those that work there. We have used fundraised income to help staff the space and have continued to expand the work that we do with other community organisations, and we now have a varied and creative offer in the heart of our city. Pathway Service Area This service area brings together the main work that we do in dirett partnership with our NHS colleagues within the urgent and acute pathways. A5 can be seen from some of our other seNices, joint working with the N HS has been at pace in all our service areas, and for this area it is predominately at the acute end of help/avoiding the acute end of mental health seNices. Our largest service within Pathways is the 2417 Mental Health Helpline. We run this in partnership with the two Mental Health Trusts and other VCFSE organisations. The seNice went from being a Small office hour Advice and Information Line with 1.5 front line staff to a seNice providing the "front door" to all mental health services and sUPPOrt in Birmingham with a staff team of over 16 people. During this financial year we have supported 17,798 people through this service. We know that there will be changes in 2024 and we will hand the clinical crisis offer back to the Mental Health Trust and we will not have a fully integrated clinical and Birm ingham M ind service. Although we are disappointed in this, we know that we still have a strong partnership with our NHS colleagues. Our Crisis Café contract Icalled Talking 5pace51 covers our 7-days-per-week seNice in Erdington a5 well as us working with Creative Support to deliver a Talking Space in Northfield for 4 nights a week. We were pleased this year to open up a new Crisi5 Café at a new partnership venue in Selly Oak. In partnership with Living Well Consortium ILWCI we secured funding to update a building, creating a new Wellbeing Café. LWC run the daytime Wellbeing offer and for 4 evenings a week we run a Crisis Café. We are funding this through unspent grants and we hope to secure long-term funding in the future as we know this area has one of the highest referral rates into the NHS. We also have several staff that are based within the wards in Birmingham and Solihull Mental Health Trust and Forward Thinking Birmingham lan NHS organisation), working with people who are clinically ready to leave the wards. They are very valued by both those receiving the support as well as clinicians and the wider system. We have also had a small team of staff working with the Psychiatric Liaison Team, supporting those turning BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 up to A&E with mental health issues but who need support with housing or other social needs, although this service has an uncertain future. There are fundamental changes to how the NHS is funded and how they commission services. This started in April 2023, and we have been actively involved in these changes and helped lead the Voluntary, Community, Faith and Social Enterprise IVCFSEI sector in becoming a more formal part of the governance of the new Mental Health Provider Collaborative. The two NHS Mental Health Trusts and the VCFSE Collective/Panel are the three partners now responsible for over £380M of mental health spend. Although Birmingham and Solihull Mental Health Foundation Trust is the lead provider, we do hope that this seat around the table will enable us to have a stronger voice and influence over what is commissioned. Changes in structure and how the funding flows are both a risk and an opportunity. We are proud of how we have developed new services and ways of working, but we do not underestimate the risk of the changes to the VCFSE and to our Charity. We passionately believe that it is not just about what Birmingham Mind actually delivers, but the wider influence on se￿iCe$. We champion the idea that services should be more person-centred and we are concerned that the health inequalities within mental health in Birmingham and Solihull are still profound, despite the Mental Health System knowing this. We use our voice to speak for people who struggle to be heard, and we try to create a bridge with some of the seNice work we do with the overall mental health commissioning and strategies within Birmingham and 50lihu11. As trustees we have always wanted our CEO to be influencing the wider mental health provision and we know we have bu ilt up signif icant relationships and reputation with others. We ensure as a Board that we are monitoringthis as time spent on wider System influence is time away from Birmingham Mind provision. Fundraised income has continued to grow, and we have been delighted with some of our local partnerships with organisations and individuals. We have a dedicated Fundraiser, and they have continued to grow this area of income generation raising £211,058 thi5 year. Having charitable funds that are used at the discretion of trustees is crucial to help reduce health inequalities and address gaps in services. We have put charitable funds into ou r Peer Lead Programme this year as well as our new work in the Bullring. Our External Training Department found its feet following a dip in income during COVID-19, and we have reached 1,129 people through our training, helping us to deliver on our educational purpose. Volunteers are vitally important to us as a Charity. Desplte the slow growth of general volunteers, we have had significant success in recruiting volunteers for the Helpline and this has added depth and richness to our service offer. We have had 2,116 hours of volunteering this year. We have very strong Service User Involvement within the Charity. We have a strong cohort of service users that have helped us shape our Service User Participation and Influence Strategy and we held a very successful conference. We continue to have User participation on all our Governance Committee structures. Our experienced Board of trustees continues to seek new trustees and we have been reaching out into communities and to people with some different skills. During the year we saw Solihull Mind leave the Mind Federation and as such it has been a natural progression to Birmingham Mind being more visible in our work in Solihull. As our NHS covers both Birmingham and Solihull, many of our NHS contracts already specify this, however in the past we would normally ask one of our partners to lead in Solihull, which we no longer need to do. To sum up, Birmingham Mind has had some challenges this year, but it has also had some significant BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 achievements and in particular we know we have reached more people than ever before and that with austerity the need for us as a Se￿ICe, and the need for us to be a good employer, has never been so acute. We did predict a deficit (due to funding some services from Charitable funds) and the deficit of £11,506before the pension liability adjustment is in line with those expectations. The balance sheet of Birmingham Mind is robust and shows cash resources that will be able to support our service users going forwards. BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Ob'ertive5 and Attivities Vision "Better Mental Health for All" Birmin ham Mind's Core Values Respert: Respect for the individual Partnerships: By working together, we are more effective and inclusive Recovery: enabling each individual's unique and personal recovery journey wherever and whenever we can Wellbeing: Actively working to educate and encourage people to look after their mental, emotional and physica I wellbeing Prevention: building resilience and challenging stigma in and across communities Strate icRe ort Aims and Achievernents Ourstrategic and Business Plan sets out a series of objectives to be met over2023- 2025 and is reviewed every year. Some of the main objectives and what we actually achieved are as follows.. 202312024 What we planned to achieve Finalise what we want to build on the Erdington ite 202312024 What we actually achieved We have moved forward with this, but we still have further work to do as costs were higher than expected. Continued our disinvestment approach to care homes and we have been finalising the office move to bring 3 separate offices together. e undertook a 12-month project to ensure our recruitment practices are f it for current times and considered ways of retaining people. Recruitment has improved and retention has improved. New Scheme of delegation agreed and circulated Work to ensure our buildings are fit for purpose onsider how we can improve our recruitment and retention Ensure that we have a scheme of delegation that nables decisions to be made closer to the eNices. BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Risk Mana ement The Senior Management Team will monitor all aspects of risk within the Association. All risks are recorded within the Risk Register and regularly reviewed. The Risk Register is formally reported to the Finance and General Purposes Committee and the Executive Committee on a yearly basis with ongoing review of the risks assessed as high. At every meeting trustees review the risks pertinent to the reportslsubjects being discussed. Plans for Future Periods Birmingham Mind sets its Business Plan in March and as such the Business Plan for 202412025 has been set. Increase our collation and use of data to demonstrate the overall impact we have Develop new Value statements for Birmingham Mind Move Off ice: bring together 3 offices into one to aid communication and improve the standard of accommodation Innovation fund to be used to help fund internal seNice improvementldevelopment ideas. Continue to address health inequalities in our area of benefit Apply to become a Registered Provider of housing 5trurture Governance and Mana ement Birmingham Association for Mental Health {hereinafter called Birmingham Mind, the Association or the Charity) is a Charity and Company Limited by Guarantee governed by a new set of Articles of Association. The objectives for which the Charity is established are to promote preseNation of mental health and to aSSlSt in the relief a nd rehabilitation of people with mental health problems. The governing body of the Charity is the Board of Trustees or Executive Committee who meet approx. 9 times a year including an Away Day with the Senior Management Team of the Charity, to review the overall strategic aims and business objectives of the Association. The Executive Committee has established a formal sub-committee called the Finance Committee with a specific remit to oversee the finances and risk management procedures of the Charity. The Association also has a Clinical Governance Committee which directly reports to the Executive Committee. This Committee oversees the operational side of the Association focusing on quality and standards. Our Estates Committee has picked up some of the governance around Health and Safety as well as affording us the time to consider investments in build ings. BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Structure Governance and Mana ement- continued Service user representatives are actively recruited to sit on all Committees and currently we have 2 service user placements on each Trustee Led Committee. All Trustees are recruited on a 3-year rotation programme with no overall limit on the length of service. Du ring the last yea r we have undertaken a full skills Audit to enable us to focus on where we need extra knowledge. IT/Digital and building development are areas we would like to strengthen at Board level. All potential Trustees meet formally with the Chair and the Chief Executive to discuss the role of a Trustee and the skills and experience that they would bring to the Board. Potential Trustees are then invited to attend an Executive Committee meeting as an observer and then the person may be co-opted. A formal nomination may then be made. All new Trustees are given the opportunity to visit the key setvices that the Charity ru ns, and all Trustees can access the full internal training that is offered within the Association. Birmingham M ind is affiliated to National M ind and has to ensure compliance with the National Mind Quality Standards Mark. Birmingham Mind subcontracts to 5 organisations; Longhurst Housing, R&J Support & Care Ltd, Living Well consortium, Better Pathway and Creative Support. We have formal contracts with Forward Thinking for Birmingham, Birmingham and Solihull Mental Health Foundation Trust as well as Birmingham City Council, and the releva nt ICB/Mental Health Provider Collaborative. Public Benefit Statement Our main activities and who we try to help are described throughout the Chairfs report and the Strategic Report. All our charitable activities focus on either supporting people with mental health issues. increasing people's wellbeing/emotional resilience or challenging the stigma and discrimination that surrounds mental ill health. All of these are undertaken to further ou r charitable purposes for the public benef it. The Trustees are of the opinion that throughout the year the Charity complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. Financial Review and Related Policies The accounts show our continuing strong financial position. We have seen an increase in turnover from £10,075k Sast year to £10,297k, with our deficit {excSuding increased pension liabilities and the interest on those liabilities) decreasing from a net expense of £297k to a net expense of £12k, reflecting our prudent use of funds in the current financial climate. Our Balance Sheet continues to be strong, which gives confidence to our funders and commissioners working with us in the future. There were no related party transactions during the year. Reserves Poli The current reserves policy is for the Association to strive to increase its u nrestricted (excluding designated) reserves fund to ensure that any delay in the receipt of income by the Association, caused by the actions BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 of third parties, does not affect the ability of the Association to meet its obligations to its beneficiaries. Trustees annually review balances and reserves and set aside resources for current plans and specific risks. As part of this, where any donations have not been used in-year, equivalent resources are set aside to support future projects. In addition, a fixed assets reserve is matched to the extent that resources are invested in capital and therefore not available for short-term use. Trustees seek to retain unallocated balances (free reserves) for wider risks and short-term cash flow matters. The long-term target set by trustees for this is £3m or approximately three months budgeted operating expenditure. The amount held in free reserves now totals £654k after the notional FRS 102 Pension provision of £1.2m has been deducted. The decrease in free funds 15 due. once again. to the significant pension liability at the year end. The balance in reserves now represents less than I month's total expenditure, which highlights the squeezing of funds in the current economic climate. These accounts recognise future pension liabilities in accordance with FRS 102. Trustees have continued with their policy of setting aside a designated fund to contain the impact of liability revaluations to minimi5e the impact on resources set aside for other plans. Investment Polic During 2023/2024, we continued to hold funds in higher interest accounts with easy access. This policy was under continual review during the year with the Finance Committee reviewing the investments at its meetings on the advice of the Finance Director and Treasurer. We acquired several buildings at the end of April 2022 that were previously leased in order to continue delivering ou r existing successfu I services. This included a care home and 4 Supported Housing properties. Many of these properties are in need of refurbishment and as a result, cash reserves continue to be held with easy access until projects have been finalised. Going concern The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of one yearfrom the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material u ncertainties a bout the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Trustees, responsibilities The Trustees (who are also the dirertors of the Company for the purposes of company lawl are responsible for preparing the Trustees Report including the Strategic 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 year. Under company law, the Trustees must not approve the financial statements unless they are satisf led that they give a true and fair view of the state of affairs of the cha rity and of the incom ing resources and application of resources, including the net income or expenditure, of the Company for the year. In preparing those financial statements the Trustees are required to.. io BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH Z024 select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities 50RP IFRS 1021. makejudgments and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements.. prepare the financial statement5 on the going concern basis unless it is inappropriate to presume that the Company will continue in business. 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 Company's assets and hence for taking reasonable steps to prevent and detett f raud and other irregularities. Disclosure of information to the auditors We, the directors of the company who held office at the date of approval of these Financial Statements as set out above each confirm, as far as we are aware, that.. there is no relevant audit information of which the company's auditors are unaware; and We have taken all the steps that we ought to have taken as directors to make ourselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. In approving the Trustees, Annual Report, we also approve the Strategic Report included therein, in our capacity as company directors. Signed on behalf of the board on 8 August 2024. Rev Canon Frank Lo Chairman gbottom li BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH (Company limited by Guarantee) INDEPENDENT AUDITOR'S REPORTTO THE MEMBERSOF BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH FOR THE YEAR ENDED 31 MARCH 2024 Opinion We have audited the financial statements of Birmingham Association for Mental Health {the 'charity'l for the year ended 31 March 2024 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 U nited Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Repu blic of Ireland, (United Kingdom Generally Accepted Accounting Practice}. In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2Crf)6. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements sertion of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the f inancial statements in the U nited 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 f inancial 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 Slgnificant 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 BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH (Company limited by Guarantee) INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI Other information The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements 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 f inancial statements 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 statements 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 nothingto report in this regard. Opinion on other matters prescribed by the Companies Art 2006 In ouropinion, based on the work undertaken in the course of the audit: the information given in the Trustees, report for the financial year for which the financial statements are prepared is consistent with the f inancial statements. the Trustees, report has been prepared in accordance wsth applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of 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: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns: or certain disclosures of Trustees, remuneration Specified by law are not made; or we have not received all the information and explanations we require for our audit; or the Trustees were not entitled to prepare the financial statements in accordance with the small companie5 regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement to prepare a Strategic report. Responsibilities of trustees As explained more fully in the Trustees, responsibilities statement, the Trustees Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determ ine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 13 BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH {Company limited by Guarantee) INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) Responsibilities of trustees (continued) In preparing the financial statements, the Trustees are responsible for assessing the cha ritable 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 u nless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to i$5ue an Auditor's 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 IUKI 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 statements. Irregu larities, including f raud, 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 irregu larities, including f raud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our assessment focused on key laws and regulations the College has to comply with and areas of the financial statements we assessed as being more susceptible to misstatement. These key laws and regulations included but were not limited to compliance with the Companies Act 2006, Cha rities Act 2011, taxation legislation, data protection, anti-bribery and employment legislation. We are not responsible for preventing irregularities, including fraud. Our approach to detecting irregularities, including f raud, included, but was not limited to, the following.. obtaining an understanding of the legal and regulatory framework applicable to the Charity and how the Charity is complying with that f ramework, including agreement of financial statement disclosures to underlying documentation and other evidence- obtaining an understanding of the Charity's control environment and how the Charity has applied relevant control procedures, through discussions with Trustees and other management and by performing walkthrough testing over key areas; obtaining an understanding of the Charity's risk assessment process, including the risk of fraud; reviewing meeting minutes of those charged with governance throughout the year: and performing audit testing to address the risk of management override of controls, including testing journal entries and other adjustments for appropriatene55, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. Whilst considering how our audit work addressed the detection of irregularities, we also considered the likelihood of detection of fraud based on our approach. Irregularities arising from fraud are inherently more difficult to detect than those arising from error. 14 BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH {Company Ilmlted by Guarantee) INDEPENDENT AUDITOR'S REPORTTO THE MEMBER5 OF BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) Auditor's responsibilities for the audit of the financial statements (continued) 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 m isstatement in the financial statements 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 statements, as we will be less likely to become aware of insta nces of non-com pliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or m isrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.or auditorsres onsibilities. This description form5 part of our Auditor's report. Use of our report This report is made solely to the Charity's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charity's trustees those matters we are required to state to them in an Auditor's 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 Charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. Kevin Hodgetts FCA {Senior Ftstutory Auditor) forand on behalf of Cooper Parry Group Limited Statutory Auditor Cubo Birmingham 3rd Floor Two Chamberlain Square Birmingham B3 3AX Date 25 September 2024 15 BIRM114GHAM ASSOUATION FOR MENTAL HEALTH Icompanylimitsd byguarantee) STATEMENT OF FINANCIAL ArrivrriES (IN￿￿￿ORATI116 THE INO)MÈ •JID EXPENofwuREAccovKr) For the yearended 31 March Z024 Unresldcted funds Total 1024 Total 2023 funds tncomefrom: Donations and legaaes Chantable acti¥￿eS Investmenis 211,058 9,866,054 33,365 211,058 10.051984 33,365 198,957 9,863.775 12,376 186.930 Total [r￿ome 10,110,477 6,93 10,29?A17 10.075,108 Ex￿￿knre on: R2ising funds Charitable activities 107,218 9,951,837 61928 107,218 10,138,767 62,928 89,844 10,241,002 4L,i 186.930 Totri expndlture 10,121,983 186,930 10,308,913 10,371,846 Net1￿￿ (11,506) CII,506) 1296,7381 Tran&Yets between funds (9,988) other rtcognlsedgalnsand losses Defined benefit pension scheme.. Artuarial gain/l1o5sI (228.392) (228,392) Netmovement In fvnds 229.910} (9,988) (239,898) 1468,7381 Reconclllatlon of TrJrKIs Totsl funds brought forward 3,391338 11.313 3,403,671 3,Bn,409 Tot•1 fvnd$ ¢arrfed foN¥ard 61448 The notes on pages 19 to 27 form part of th￿e financial statemerts (16) BIRt41NGHAM ASSOCLITZON FOR MENTAL NEALTH Icompanylimited byguarantee) BALANCE SHEEr As at 31 March 2024 2024 2024 2023 2023 Flxed a55ets Tangib￿ fixed ￿setS 178,373 1234,128 Debtor5 Cash at bank and in 407,939 625,169 4,033,108 460,566 3,665,QN)9 4,125,575 Creditors: amountsfalllng duewithin one year (1,847,708) 11,770,032} Netcurreiitassets 185hOO 2.355,543 Netassets excludlng penston liability 4,363,773 4,589,671 Defined bEnefit pen$on Ilablllty li (l200,000) 11,186,Q(h)I Netassets Chatlty Funds Unrestrirted fvnds.. General reserves before pension reserve Pension reserve I￿102) Gèneral resÈTves after pension reserve 1,854,275 (1,200,000) 654,275 2.089,087 11,186,000) 903,087 De&9ryAred reseNes Total unrestrKtedfv￿s 1508,173 3,161448 2,489,271 3,392,358 325 11,313 ,77 71 ThEse finèntial statements were approved by tsie ExecutDie CoMM￿ee and authorised for i55ue on 8 August 2024, and are signed on its beha￿ by. Rev Canon Frnn Chaimian Longbottom Company registered number.. 020243n The notes on pages 19 to 27 forni part of these finanual statements (17) BIRMINGHAM ASSOCIATION FOR MENTAL HEALTh (Companyllmlted byguarantee) CASH FLOW STATEMENT For the year ended 31 March 2024 2024 Netc?5h (ouffiow)Ilnflowfrom operatlngacdTthies 11073,2051 I,Il8,379 Cosh flowfroffl inve￿1￿0 athyltles Payments to acquire tangible fixed a55ets Interest re￿Ned 11,077,687) 12,376 33,365 et¢ash Inflowl(outnow}from Investing ocbvitie$ 33,365 11,065,310) Net (decrease) l increa$e In cash and cash eq￿Valents (1,039,840) 53,068 Cash and cash equlvalentsatstart of year 3.665,009 3,611,941 Gish and cash equiv)l¢nts atend of year Notesto ¢•$h flow siatement a) Reconciliation of nEt in¢ome to netcash Infiow from operatSng acilvltles 2024 2023 Net intomÈ for year Ibefore other gains and h)55esl {11.506} 12%,7381 Interest receivabk Depreciation (Increaselldetrease in debtors Increaselldecreasel in creditors Interest expense re defined benefrt pensionsliabrtity Defined benÈfit pèn￿On defldt contribution Pa￿Tr￿ts {33,365} 55.755 {947,373) 77,676 61928 1277,320) 112,3761 55,754 1,591,095 2,625 41,000 1262.9811 Netcash loufflowllinflowfrom operatlng attmties 073.205 1,118, b) Analysls of changes in netfvnd5 At 114113 Cash Ilow At 3113124 Net¢ash Cash & bank 3,665,009 (1,039,840) 162S,169 Totsl The notes on paoes 19 to 27 form part of these fin4n¢ial staternents IRMXNGHAM ASSOCIATION FOR MENTAL HEALTII (Companyllmlteo byguarzntee) NOTESTOTHE FINANCIALSTATEMEPtr5 Fortheyearended 31 Marth 2024 ACCOUNTING POLiaEs The accounting polities a(k)pted the preparation of these ￿￿o￿n￿5 arè.. la) 8asis of accounbno The finanaal thtements of the charitable companyi which 15 a public benefit entity under 102, have been prepared in accordance wlth the Charètie5 SORP IFRS 1021 'Accounting ond Reporting by Charities.. Statement of Recommended Prattiie applicèble to charities preparing their accounts In accordance with the Financial Reporting standard applicable in the UK and Republit of Ireland IFRS 1021 (effective l January 20191,, the Charities Att 2011 and the Companies Att 2006. The finanual statements have been prepared under the historical cost convention. significant accountino policies applied In the preparation of these finanual st8tsments are ser out below. These policie5 have b2en cor&i4tentty ap￿1￿ to all years presented Un￿55 otherv4i5e #ated. Preparation of accounts on a golng concern bas15 The Tru*S assèss whether the use of going corKern 15 appropriate i.e. whether there are any material uncertainties related to events or conditions that Tnay tast signiflcant doubt on the ability of the Charity to continue as a going COn￿rn. The Tru5tee5 make thi5 assessment in respett of a period ot one year from the date of authori5ation for issue of the financial statements and have concluded thèt the Charity has adequate resour￿5 to continue in operational existence for the foreseeable future and there are no material untertainties about the Charity's ab111ty to continue a5 a going concern, thus they continue to adopt the going concern basis of accounting in preparing the finanaal staternents. {b} Income recognition Intome from rents and charges is recogni5ed on an actruals basls according to thargeaNe 0￿panc￿e$. Intorne from fees tharged for 5erwices are recognised on tompletion of the seryice5 to be perforTned. Grants received 4nd receivèble are accounted for in the year In which the Association becomes legal￿ entided to the mon￿5 and perfortnance obligètlor have beèn satisfied. Grants receNable but not yet P4id to the ASs￿latIon are Included in debtors. Grants for the purchase of fixed assets are recogni5ed as incomirvj resources in the Statetnent of Finantial Atbvities in the yeartw are receivable. Sorne of the capital grants recwved are technitally repayable should building5 cease to be used for exL4ting purposes. Revenue grants are recogni5ed a5 incotne in thè Statement of Flnanoal Actniitie5 in theyear in which they become recefvable. Income where p4yment5 are linked to performarKe recogni5ed when corbditions have been met. it 15 yobable that the income will be rece￿ed and the atnount can be measured relIab￿. Charitable donation5, le9acies and other income areaccounted for on 4 recwpts ba*s. (c) EX[￿d￿re re£ognibon Expènditure on ralslrvJ fur￿$ cornprise those c05ts dirèttly attributable to raising incorne. Charitable acbvities repreSentt￿ costs InCur￿d working for and promoting the pre5ervatyon of mentsl heatth and the development of mental heath care and meeting its obJ"ectives. Support tosts include central functions and have been allocated to actlvity costs categories on a ba515 cor6istent the use of resources, in proportion to the budgeted direct expenditure for each attivity Cost category. (d) TangSble fixed èssets Tan9iWe fLxÈd assèts3re Induded at cost le55 accumulated depretiation. The company'5 policy is to capitali5e all indNidual fLxed assets a cost greater than £l,WO unless where property chargeable to annual grant funding. Depreciation is prowded to write i)ff the cost of tanglble fixed assets over their e5titnated useful lives at the fo15owing annual rates LL4ing the straight line method.. Furniture, computer equiprnent and office eouiment Bu1￿1ng imtW[n￿)ts BUi￿l￿g5 20%- 33% le) Unr¢str¢ied funts Unrestrirted funrts are available for the use at the discretion of trustees in furtherance of the general objettpiÈs of the charity and whlch have not been designated for other purpose5. (19) BIRMINGHAM ASSOCIATION FOR MENTAL MEALTH (CompanyllmSted byguarnntee) NOTES TO THE FINANCIAL STATEMEpifs (CQllTIMIIED) For the year ended 31 Mar(h 2024 AccouiifING POLICIES (C￿￿) (fj Deslgnated fuThts Deslgnated funds are amounts which have been set aside at the discretion of the Trustees for a 5peofic, but not le9alty bindiv4 purpose. {yl Restrthd fvnds Where irbcome is received for purposes Specified by the donor or by the terms of appeal under which it was raised, that income is shown a5 restritted in the statement of financial artiv￿e5. Expenditure for the spedfied purposes is shown a5 restritted expEnditure. Any unexpended balance at the balantr sheet date 15 carried forward as 3 restricted reserve. (h) Pension costs Some of the charitable eompany's cutrenr and fornier staff are members of the Sotial HousiNJ Pen￿On$ Scheme ISHPSI which provides benefts based rin81 pensionable pay. That scheme is Tr)w closed to new membership or additional seNlce. The SHPS ts a funded mylti-employer defined benefit scheme and the 355ets are held 5eparatety frotn those of thè charitable c(Mnpany In separate trustee administered funds. Penslon sthÉme assets are rneasured at fèir value and lièbilities are measured on an attuarial ba515 Using the projerted unit credit method and discounted at a rhte equNalent to the current rare of return on a high qualty corporate bond of Èquivalent term and currency to the liabil￿e5. The artuarial valuations are obtained at least triennially and are updated at e￿h balance sheet date. The amounts charged to net incorTiellexpenditurel arè the current servlce costs and the costs of scheme introduttions, benefit change5, settlements curtailtnents. They are included as part of staff costs as incurred. Net Interest on the net defined benefrt liabilitylasset Is a150 recognised in the Statement of Financial Actiwties and coMpr￿e5 the 1ntere5t cost on the dèfined benefit obligation ar￿ interest income on the scheme assets, calculated by multiplying the fhir Valve of the 5chetne assets at th& beginning of the period by the rate LL4ed to d15count the benefrt obligations. The difference between the interest intome on th& scheme èssets 2nd the actual return on the scheme assets is r*co9nised In other recognised gain5 and105ses. Artuarial galns and I0￿e5 are recognised Imme(liatety in other rec￿nIsed gains and losses. Further information can be found in note 11. (l) Opetatln9 lease rentals Rentals applicable to operatsng leases where substantilty all of the benefirs arA rlsksof ownership remain wth the lessor are charged against irtome on a straight line basis over the period of thè ￿a5￿. (J) voluntee We would like to reflett within the notes to these financial accounts the immense contributions made to th& association by our volunteers, helpful Inembers, frietids, adwsor5, Pètrons and of course our comrnkttee rnetnbers, the hdp of whom contributes greatly to enhance the work of the assooation and to whom we are mosl grateful. Although we have not yet got back up to prtrpandem1c1evels, we benefitted from 2,116 hours 12023". 1,981 hours) of volunteer time which if val￿￿ at minimum viage WOU￿ equate to £22,049 12023.. É18,8201. (k) T¥x•tii)n No corporation tax has been provided in these accounts because the incotne of the tharty ts Within the exemprion granted by $￿tiOn 505 of the Income and Corporation Taxes Att 1988. (l) Crib¢•l esbrnate$ andareasof Judgement The tharitable company makes estimates and a55Utnptions conterning the future. The resultirvJ accountiw estimate5 and assutnptions will, by deflnifion, seldom equal the related actual results. The estimates and assumptions that have a 5ignific3nt risk of tsusiw a mèt*al &ljustment to the carrying amount5 of assets liabilitie5 within the next financial year ore discussed below.. The preserit value of the Sotial Houslng Pension Scheme defined benefit liability depends on a number of factors that are detemirbed on an artuarial ba515 using a variety of assumptions. The assumption5 used in deterrTrining the net cost Iincomel for pensions include the dixount rate. Any changes In these assumptions, which are disc105ed in note 11, will Impact the carrying 3mount of the pension liability. FurtheM0￿ 8 roll forwafd approach which projects results frotn the valuation as at 30 Septernber 2020 has been used by the èctuary In valuing the pension s liability at 31 March 2024. Any drffèrpntes between the figures derived from the roll forward opprD6ch and a full attuarial valuation would impact on the carryirvJ amount of the pÈr6ion liability. 120) BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH (Company IlmSted byguawantee) NOTES TO THE FINANCIAL STATEME1￿5 {CONTINUEOI Forthe yearended 31 Ma￿h 2024 INCOME FROM DONAIIONSAND LEGACIES 2024 2023 211,058 198,957 Legades ZIL INCOME FROM INVESTMENTS 2024 23 Bank irtere5t 33,365 12,376 INCOME FROM CHARThAbLe ACllVfTIES 2024 2023 Blrmingham Cty CourKil Clinic81 Commissionlrvj Groupsl NHS PrOv￿er Colkboratives Birmlngham & Solihull Mental Health FoundationTrLSt SupporbrKJ People aients 1981934 3,788,832 160,512 2,450,949 2,864,382 1,007,821 668,630 2,543,659 328,334 1.679,642 44L064 Unresiricted 2024 2023 An•lysi$ bYser￿Ce type Re￿dentia Hoatiw support & IK)u9rHJ Integrated Services Day and community sennce5 Other 514,IX13 3.930,183 1037,704 1380.564 1,514.1x13 3,930,183 Z067,558 l537,640 2,OLO,988 3,856,726 1,630,366 1365,695 29,854 157,076 Totrl {21} BIRMIMGHAM ASSOCIATION FOR MENTAL HEALTH (Cornpany Ilmlted byguarnntee) NOTESTO THE FINANCIAL STATEMEpif5 (MMIINUKI) For the yearended 31 March 2024 ANALYSISOF EXPENDrruRE 2024 2023 Costs of ralslng ftands Staff costs otherfur￿ral5lng co*s 68.983 38.235 60,630 29.214 Roavng Supwt & Htyising D?y& Communlty S￿re5 Total 2024 Ch)riiable Residential 2023 Direct C05ts'. Stsff costs DeprKiation Other costs ¥051,469 24,976 407,488 1,483,933 1,829,055 16,779 1,531,243 3,377,077 I489,608 ¥086,671 5,456.803 50,755 3,299,060 8,806,618 5,639.794 50,753 3,168,898 8,859,445 Z23,919 1,713,527 1,136,410 231081 Supportcosts.. Finance & Fr Personnel Admlnistrati GovernatKe Property Dewe(iatson 76,888 36,095 96,025 10.530 4,089 174,979 81143 218,531 23,965 9,305 1,917 510,840 88,784 41,679 110,882 Il160 722 973 259,200 115,653 54,292 144,438 15,839 6.150 1,267 337.639 456,304 214,209 569,876 61494 24,266 5,000 1,331149 589.308 l35.n7 575,E4J4 53,736 22,182 5,mO 1,381,557 224,470 Totsl Totsl X124 2023 Anolysi$ byser¥i¢¢ type 708,403 3,B87,917 941873 1411644 L708,403 3,887,917 1,971717 569,720 2,279,690 4,043,673 1.501,267 1416,372 Floating support & IK)ugng Integrated Serwces Day 6nd comtnunity 5enrices 29,854 157.076 To 9,951, 2024 2023 Artalysls of Governan￿ Costs AGM co*s Staff c05t5 Profes￿on￿l fee5 7.51JO 39,127 15.867 6,(YJl 33,863 13,873 INCOMEI(EXPENDtruRE) FOR THE YEAR 2024 2023 Net irKomelleXpenditu￿I is5tated aftertharging.. Depreciation of trdngible fixed assets Auditor'5 retnuneration-Èudit Otheroperating lease rertals 55,755 15,867 347,058 S5,￿4 l3,873 334,292 (22) BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH (Cornpany Ilmlted byguarantee) NOTES TO THE FINANCIAL STATEMEpifs [COWTINUED} Forthe year ended 31 March 2024 STAFF cosrs 2024 2023 Salaries Sooal security tosts Penslon costs 5,510,376 495,225 213,677 5,298,916 497,174 207,214 The number 0femployee5wh05pem￿oYee benefrts lexduding pension costs) exceeded £60,000 was.. 2024 N¢ 2023 £60,001-É70,0 £70,001.EBO,N £80,ty)1.£90,oco É90,(x)l-£i￿,rN)0 The average number of employees during the year wa5 as follows.. 2024 2023 Dlrect charitable seMce5 Supportstaff 196 35 177 28 Remunet7tlon of key mènapement petsonnel The toral amount of etnployeE benefits received by key man39Èment personnd wa5 E257,64612023.. £23Q,4841. The charty tonsiders its key management comprise Chlef Exewiive Officer, Directorof Operatlons and Director of FInar￿e. Trustrespayments and expense No members ofthe executive cofflmittee received any emolumentsi pen￿trn contributions or had benefits at£ruing. No mernbers of the executlve committee were reimbursed any experw {2023.. £NIII. Redundancy and temilnaiion pjymen Redurndar￿Y and termination paytnents for theyear totslled É34k12023.. Enill. TANGIBLE FIXED ASSEIS Freehold land and bulldlngs Computer equipment offi equlpment Totsl co at l April 20 Additions sposals As at 31 March 2024 164B,486 329.349 74,729 3,051564 648,48 74,7 DEPREaATION As at l April 2023 Charge for the peri( Released on disposal As at 31 March 2024 414,358 55,755 329,349 74,729 818N36 55,755 NET BOOKVALUE AS at 31 March 2024 178, As ot l April 2023 The net book value a5 at 31 Marth 2024 represents fLYed a552ts used for direct charitable purposes. At the year ÈrKJ there were no capital commitr)ents12023.. ÉNill that were contracted but not provided for in the Inancial statements. (23) BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH (Companyllmlted byguarantee) NOTES TO THE FINANCIAL sfATÈMENTS iuJpmiiL*D} For the year ended 31 Ma￿h 2024 DEBTORS 2024 2023 Rents and grants outstanthng Prepayrnents3ndaccrwd irwtne Other debtors 081,Z12 325,060 1,667 121,406 338,371 789 10 CREDtroRS: Amoupifs FALLING Due WrnliN ONE YEAR 2024 2023 Amounts due to suppliers Taxation and social security crualsand deferred Irwe Other creditors 185,830 105,013 L489,247 67,618 216,788 115,620 1,366,402 71,222 There was £56.467 relating to pertsion contributions Included within other creditors (2023.. £56,701). 24 2023 t)eferred iricome induded above Comprised.. Deferred Income tyf Received in the y Released to 1Dcome and expendf(ure 1,099,333 1858,206 {l823,725) 1,104,861 5,486,354 15,491,882) DÈfÈrrÈd intome tlf The above defer￿d income represents contract funding received in advance of delwery of the perfomance conditions of the contr3CL and certain grant funding retrived which is repayable until such time a5 the conditions of the funding are satisfied. 11 PENSION AND SIMILAR OBUGATIONS The company parti￿p￿te5 in the Sooal Housing Pension Scheme (the Scheme), a Mu￿"eMplOyer scherne which provide5 benefit5 to 50tne 500 non-a550ciated ernplDyers. The Scheme is a defined bèneflt scheme In the UK. The Scheme is subjett to rhe funding legislation outlined in the Pension5 Art 2004 which came Into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the ￿Tran031 Reporting CouKil, set out the framework for funding defined benefrt occupational pension sthemes in the UL The last full artuarial valuation of the scheme was caffied ort with an effectwe date of 30 September 2023, but the results of this have not yet been disclosed to U5 by TPT. The p￿￿Ou$ Valuat￿Th of the scheme for funding purpose5 was carried out a5 at 30 SeptÈtnber 2020. Thls valuatlon revealed a defiot of £1,560m. A Recovery Wan was put in place with the aim of removing rhis deflcit by 31 March 2028. The Scheme is classified as a'last-man standing arrangement,. Therefore the tompany Is potentially liable for other partltspatlng eM￿0ye￿. obligarions if those employers are unable to meet their share Df the scheme deficit follo¥ving withdrawal from the Scherlle. Participating employer5 are legalty required to meet their Share of the Scherne deficit Dn an annuity purchase basis on withdrawal from the Schetne. For finanoal years ending on or before 28 February 2019, itwas not p¢￿Ible for the company to obtsin sufficient inforrnation to enable it tg aCCOUllt for the Scheme as a defined benefrt schetne, therefore the company hès accounted for the Scheme as a defined contribution 5cherne. {241 BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH (Companylimited byguaranteel NOTES TO THE FINANCIAL sTATEMEP￿s (crwTawuED) Forthe year ended 31 March 2024 11 PENSION AND SIMILAROBLIGATIONS (continued) For financial years endino on or after 31 M3rch 2019, it Is p0s￿ble to obthin SLrffitient information to enable the ctsmpany to account for the Schetne a5 a defined benefit scheme For accounting purposes, a valuation of the scheme Is carrfed out with an effettprfe date of 30 Septernber eath year. The liability figure5 from thisvaluation re rolled forward for accounting year-ends from the followirNJ 31 Narch to 28 February inclusive. The latest aCcoun￿n9 valuation w6s carried outwlth an effectDie date of 30 September 2023. The1&4bility figures from thisvaluation were rolled fO￿ard for accountSng year-e￿5 from the followlThJ 31 March 2024 to 28 February 2025 inclu5rrfe. The liabilities are compared, at the relevant accounting d*e, with the company'stsir share of the Scheme's total assets to calculate the companys net defic or surplus. We have been notffied by the TrLBtee of the Scheme rhat Yc has performed a rewew of the changes made to Scheme's benefits overthe year5 and the result is that there is uncertainty surrounding some of these changes. The Trustee has been to seek clarffication from the Courton these Y(ems. This process is ongoing and the matter Is unlikely to be resolved before the end of 2024 at the earliest. It Is recognised thatthis could potentially impact thevalue of Scheme li3bilities, but until Court direthons are recewed, it is not possible to calculate the Irnpart of this issue, particulady on an indmdual employer ba￿s, with any accurary 3t thi5 titne. No adjusiment has been tnade in these financia1 statements in respett of this potential i55UÈ. 2024 2023 Arnountsrecognlsed Sn thestatementof Flnanclal Acilviiie$: Interest on per￿iDn li*11￿e5 Expenses UnwlrdiTrJ of the discount factor Ilnterest exper￿e) {51404) {10,524) 131,0001 iio,(M)01 Penslonflnance incomell¢osts) 2024 2023 Amounts re¢ognlsed In Other Recognised Galnsl(Losses}: Artuarial gainslllossesl Rerne4suretnÈnts- impact of any charHJe in al￿mp#onS (228,392) 1172.LKJOI 92 17 Theamounts tecognlsed In the Balan¢e Sheetare asfollows Fair value of ￿an assets Present value of defined benefit obligat￿n 5,178,726 {6,378,726) 5.274,(VJD 16,460.(NJOI Defitit in ,00 Defined ￿nefIt IlabllSty to be reC￿niSed ,000 mo¥eMer￿ intht presentvalueof defined benefitobllgatsonswere•sfollows: AtIAp 460.000 8,933,fXM) Service CDSt Interestexpense Actuarial b5sesllgainsl due to xheme expprience Artuarial19ainslllos5es due to changes in d&mographic assumptiDr& Artuarial Igain5llk)55e5 due to changes in financial a5SUtnptions Benefts paid and expenses Expenses 309,OIJO 130,000) (77,000) 1.202 1295,000) 10,524 246,(N)O 1,000 116,ODOI 12,4n,0001 1242,0001 10,000 At 31 Marth 12¥ BIRMINGHAM A550CIATION FOR MENTAL HEALTH {Companylirnited byguarontee) NOTES TO THE FINANCLAL STATEM£Ptrs Iix)FfflIIUED) Forthe ￿r ended 31 March 2024 11 PENSION AND SIMILAR OBUGATIONS {conVnL￿dI 2024 2023 Movementsirt thefalt¥alueof chatlty's share of scheme •sxts'. At i Aprfl Interest irKome Experiente on plan assets Contributions byem￿oYer Benefits paid and expenses 5.274.000 256,596 (334,190) 277,320 {295,000) 7.697,019 215,￿0 12,659,000) 262,981 1242,0001 At 31 Marth Prfnclpal Actuatlal Aswmpljons At 31.03.24 At 31.03.23 Discount rate for scheme liabiltse5 Inflation IRPII 4.89 3.17Tr 177ty10 3.77Vo 4.88% 3.20 2.74 3.74% Salarygro¥ The current mort41ty assumptK)n5 include suffioent allowance for future improvements in rnortality rates. The a55umed life expectations on retiremenr age 65 are.. At 31.03.24 At 31.03.23 Re)nng today Males Fe￿Ie$ 205 21.0 2x4 Retsringin20yea Mles Fetna 21 2Z2 12 COMMrrMEiifs UNDER OPERATING LEASES The Assotiètion is party to agre￿ents for the rentsl ol land and building5 which have no formal perlod but which can be teminate(I by either party wrth 51X months notice. The rninimum lease paytnents under these agreements at the year end are £104,305 I20￿.. É95,81DI. Other coTnmittnents whith cThnpr￿e bDth property and equiptnent leases total £199,031 12023.. E135,7061, con545ting of amounts due within one year £101,901 12023.. E98,5781 and amounts due ￿￿een 2 ro 5 years £97,13012023.. £37,128). 13 RESERVES Opening balance aoslng bèlance Income EXpendI￿re Galnslllos5e5} Trnnsfers Unrekn¢trd f￿r￿ts General reserrfes (before ￿n￿OnI Pension reserve General reserve (after penslonl 089,087 (1,186,000) 903,087 10.110.477 {10,280,620) 214,392 10,110,477 {10,066,228 (64669) L854,275 (¥200,000) 654,275 {228,392} {228,392} {64669) Designated reserves Property Major RÈpairs strateg￿ development reseNe Flxed asset reser¢e 51000 21657 5lOOO Z77,800 1178,373 1508,173 255,143 1234.128 1489,271 155,755} 155,755) 74,657 3,392,358 10,110rt77 (10,121,983) (228,392) 9,988 3,162,448 Older Adtlts Day Care, User & Commun Total restrlctedfunds 325 9,988 IL313 ¥325 186,930 186,930 (186,930) 186,930 (9.9881 19,988) 1,325 Totsl fimds ,671 228,392 UnrÈstrirted furKls are available for the v5e at the discretion of the trustees In furtherance of the general objertives of the charity and which have not beÈTr designated for other purposes. Unreknrted fvnd$- Designèted resetves The designated reserves were created by the executfve committee for the following wrposes.. Property Major repair5 reservÈ- this has been set a￿de for use to perforrn major rèpair workon propÈrtiÈS. strategic Development Re5erve- the use of intome raised through donations or fundroi4iDg, togetherwith 5urpluse5 frotn Extemal trainin9 intome is dlrected by tru5tee5, to fund 5peiific projects or pllots which are fe￿ to be key to the organisation's Strateg￿ direttion. The vUlnera￿e Adufs Service has continued to b& supported this year, along$￿e our Peer Mentor Support WDrk. 126) BIRMINGHAM ASSOCIATION FOR MENTAL HEALTH {Companyllmlted byguarantee) NOTESTO THE FINANCIAL STATEMENTS (