Company number: 2643905 Charity Number: 1006927
## Mind in Tower Hamlets and Newham
Report and financial statements For the year ended 31 March 2022
Mind in Tower Hamlets and Newham
## Contents
For the year ended 31 March 2022
Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 3 Independent auditor’s report ....................................................................................................... 25 Statement of financial activities (incorporating an income and expenditure account) ................... 29 Balance sheet ............................................................................................................................... 30 Statement of cash flows ............................................................................................................... 31 Notes to the financial statements ................................................................................................. 32
Mind in Tower Hamlets and Newham
## Reference and administrative information
## For the year ended 31 March 2022
|Company number|2643905 – incorporated|in the UK|
|---|---|---|
|Charity number|1006927 – registered in|England and Wales|
|Registered office|13 Whitethorn Street||
|and operational|London||
|address|E3 4DA||
|Trustees|Trustees, who are also directors under company law, who served during the||
||year and up to the date of this report were as follows:||
||Angela Shannon|Chair (appointed 5 May 2021), Chair of HRGSC|
|||(Stood down as Chair of HRGSC 15 July 2021)|
||John Whitehead|Chair HRGSC (appointed 15 July 2021)|
||Ajay Aggarwal|Vice Chair|
||Jonathan Rae|Treasurer|
||Nick Aellen||
||John Whitehead||
||Holly Taylor||
||Dimitrios Goumenos||
||Fernan Flores||
||Lisa McLean||
||Jane Oldfield||
||Stephanie Rogers|(appointed 5 May 2021)|
||Max Woolfson|(appointed 5 May 2021)|
||Asif Dhanani|(appointed 4 August 2021)|
|Company Secretary|Michelle Kabia||
|Key management|Michelle Kabia|Chief Executive Officer|
|personnel|Rehana Abbasi|Finance Manager|
||Shahan Islam|HR and Governance Director|
||Joanna Boldeau|Operational Director|
||Fiona Scaife|Operational Director|
||Edmund Glynn|Operational Director (resigned 26 November|
|||2021)|
||Linsley Benjamin|Operational Director (appointed 22 November|
|||2021)|
||Shelu Miah|Operational Director (appointed 1 February|
|||2022)|
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Mind in Tower Hamlets and Newham
## Reference and administrative information
For the year ended 31 March 2022
Bankers National Westminster Bank PO Box 10862 180 Shoreditch High Street London, E1 6HY Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditors Invicta House 108-114 Golden Lane London EC1Y 0TL
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Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
The Trustees present their report and the audited financial statements for the year ended 31 March 2022.
Reference and administrative information set out on pages 1 and 2 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
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Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
## Foreword by Chair and CEO
We are delighted to present our Annual Report for 2021-2022 on behalf of the Board of Trustees of Mind in Tower Hamlets and Newham (“MITHN”).
As part of the national Mind federation, MITHN transforms lives through operating a range of mental health support, talking therapy, advocacy and employment services in Tower Hamlets, Newham, Redbridge, and Havering. We have supported over 8,000 people during the last 12 months representing a 38% increase in client contacts. Our work has a direct impact on our clients as well as their friends, families, colleagues and the wider community.
In 2021, as the world entered the second year of the pandemic, we saw an increase in demand for mental health services. To meet this need we expanded our talking therapies, employment, and mental health services, along with our community advocacy and information and advice projects. We delivered a number of new services in Redbridge and across North-East London and have developed an alliance with local Minds to meet the wider regional demands for mental health.
Financially, the charity has had another year of growth and achievement across all of our services. To ensure our organisation remains sustainable and resilient we have further developed our Strategic Plan to ensure our ability to tackle new and emerging issues facing our sector. This includes the response to Mental Health Transformation Agenda, the development of the NorthEast London Integrated Care System (North-East London Health and Care Partnership) as set out in the new legislation passed by government and the dissolution of the CCG, our ongoing response to the Covid-19 pandemic and the consequence of financial pressures as a result of the war in Ukraine and the ongoing Brexit issues.
Like many health and social care organisations we are facing significant pressures in staff recruitment, retention and offering a work-life balance for our team. We are collaborating with staff around issues such as workplace wellbeing, hybrid working and continuous professional development opportunities for our staff.
We launched our strategy towards becoming an anti-racist and anti-discrimination organisation in September 2021 and have continued to work with staff, clients, and local providers to develop culturally competent, accessible, and inclusive services for our local community. We are working with Mind in Haringey on an exciting research project with the Advancing Mental Health Equality research project and have developed a steering group with local organisations, community leaders and people with lived experience. The aim is to design and test models of support for people from ‘seldom heard’, racialised and marginalised communities, where the urgency and need for mental health support is great. We listened to our clients’ experiences of Health Inequalities in Tower Hamlets and Newham and shared their stories and experience with local decision makers in the NHS and within the Local Authority.
As always, we could not have delivered any of our services without the dedication, commitment and passion of our team and partners. We are hugely proud of the achievements of our senior
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Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
leadership team, staff, peer leaders and volunteers who have worked harder than ever to meet the changing needs of our clients and remained creative, innovative, and enthusiastic throughout a challenging year.
We continue to be grateful to our commissioners, funders, and partners for enabling us to support even more people facing mental health concerns. We have been delighted with the level of support from our corporate sponsors, local fundraisers and community who have supported our fundraising events throughout the year.
Finally, we want to thank our advisors and Trustees for giving us their time, support, and expertise over the last 12 months.
We look forward to continuing our great work in the coming year.
Warm regards
Angie Shannon Michelle Kabia Chair CEO
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Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
## Objectives
To promote the preservation of mental health and to assist in relieving and rehabilitating persons suffering from mental disorder or conditions of emotional or mental distress (with due consideration to gender, race, sexuality, age, culture and disability) requiring advice or treatment in the London borough of Tower Hamlets, the London borough of Newham, and surrounding boroughs (Redbridge, Havering, Barking and Dagenham), in association with Mind (the National Association for Mental Health) and in accordance with the aims and objectives of Mind.
## Public Benefit Statement
The Trustees consider that they have complied with Section 17 of the Charities Act 2011 with regards to the guidance on public benefit published by the Charity Commission.
The Trustees review the aims, objectives, and activities of the charity each year. This report considers the charity’s achievements and its outcomes in the reporting period. The Trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the Trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set.
## Achievements and Performance
The charity's main activities are described below. All its charitable activities focus on the development of services for clients who suffer mental health distress and/or emotional needs residing in Tower Hamlets and Newham and neighbouring boroughs. These charitable activities are undertaken to further Mind in Tower Hamlets and Newham’s charitable purposes for the public benefit.
During the year working with Mind, the London boroughs of Tower Hamlets, Newham, Havering and Redbridge, and other partner agencies, we campaigned to challenge discrimination and reduce stigma around mental health.
## Covid-19 and Hybrid Working Arrangements
In line with the UK Government directives and the end of Covid-19 Restrictions, our organisation reverted to normal operations with staff returning to office-based delivery from 19 July 2021. The pandemic has radically changed where, how, and when staff work. We know that choice and flexibility are important to staff and that what works for some will not work for others. We want to support our staff to do their best work, have a good work life balance, work flexibly whilst staying
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## Trustees’ Annual Report
For the year ended 31 March 2022
connected and being able to carry out their role. As a result, we took this opportunity to introduce hybrid working arrangements for roles which can be delivered through hybrid working. The framework for hybrid working was implemented in February 2022, and eligible staff are now working from the office and remotely.
## Policy Review
Our organisation has seen many changes in this past year, which has changed our culture, working environment and organisational expectations. This has resulted in a review of a number of policies, in particular HR related policies and health and safety policies. The following policy documents have seen the most significant changes:
- Code of Conduct
- Disciplinary/ grievance procedures
- Complaints Policy
- Professional Code of Ethics
## Our Services
The charity's main activities are outlined below. All its charitable activities focus on the development of services for clients who have mental health distress and/or emotional needs residing in the London boroughs of Tower Hamlets, Newham, Redbridge, and Havering and the surrounding North East London boroughs.
During the year, we have amended our governing documents to widen our geographic reach to include Redbridge and surrounding areas. These charitable activities are undertaken to further Mind in Tower Hamlets and Newham’s charitable purposes for the public benefit.
## Support Services
Connecting Communities – Tower Hamlets Recovery and Wellbeing Service
The Connecting Communities Service is the first point of access for residents of Tower Hamlets to access community mental health support, advice, and information and supports people to navigate through their mental health. We offer opportunities for people to explore connectedness and hope and to identify meaning and empowerment. The service is a part of the wider Recovery and Wellbeing Services funded through the local authority. During 2021-2022, the service supported over 2,000 clients to access local services, support and attend a programme of activities and groups in partnership with local providers, including: Co-Create, St Hilda’s, and the Recovery College. We deliver our service collaboratively with people who have lived experience, local community organisations and our team. Our key focus through our co-production hub has been to work with our clients and support them to have a greater voice and influence over the care they receive and how services are designed, developed and delivered.
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## Trustees’ Annual Report
## For the year ended 31 March 2022
The main elements that the service delivers are:
- Mental Health Navigation – providing advice, information, and support to connect with local resources.
- Housing and Welfare Benefits – providing housing support for people with mental health to navigate through housing issues, repairs and housing and benefit applications. The key focus of the team is to ensure that people have financial stability and independence to thrive. Co-produced Groups and Activities – the service provides weekly groups and activities, structured around the five ways to wellbeing. Over 50% of the groups are delivered by peer leaders who have been trained by our LEAP project.
- Get Active Get Involved – provides opportunities for people who access the services to codesign and co-deliver services and to influence borough-wide mental health and wellbeing strategies and services.
## Mums Matter
Our Mums Matter service is delivered in Tower Hamlets, Newham and Redbridge providing support through a six-week CBT based programme which supports women in the perinatal period to develop strategies and to practice self-care through mindfulness and meditation techniques. The project connects new mums with each other through peer support. We have trained mums to be peer supporters and to co-facilitate the structured programme. We have transformed to digital delivery during the pandemic through our partnership with Mind, where we led on sharing good practice and redesigning the digital programme which was shared across other delivery agents involved with the Mums Matter programme. We were able to increase one-to-one support and visibility. Following the great work achieved this has led to further funding being received in Redbridge as part of the strategic alliance to offer this project to Redbridge communities. In 20212022 we provided support for almost 150 mothers, through workshops such as the structured course, mindfulness, and social activities. We have trained two of the women who accessed the service to co-facilitate the project with us.
## Counselling
We offer talking therapies within both Tower Hamlets and Newham. We deliver our counselling services in partnership with East London Foundation Trust and Newham local authority. In Tower Hamlets we offer brief counselling, bereavement counselling, early bereavement support, and employment support for clients accessing the service. In Newham we offer the Newham Bereavement Service and the Newham Talking Therapy Service which delivers brief counselling. We deliver over 7,000 hours of counselling every year to over 1,100 individuals.
## Newham Bereavement Service
The Newham Bereavement Service is commissioned by London Borough of Newham and provides a range of bereavement services including early bereavement, complex bereavement support, bereavement support for people with learning disabilities and autism. The service is accredited by the British Association for Counselling and Psychotherapy (BACP) and is delivered by paid and volunteer counsellors. In 2021-22 this service supported 380 people to cope with grief and loss by providing one-to-one and group counselling sessions.
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Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
## For the year ended 31 March 2022
## New Horizons
The funding through City Bridge Trust has enabled MITHN to set up the New Horizons service to work with people struggling with their mental health and at risk of homelessness to develop a mechanism of peer support when they need it the most. We have supported 51 clients to develop their network of peer support in Tower Hamlets and have improved access to services through 1:1 coaching and peer support groups. We have developed 11 people with lived experience of mental health and homelessness to co-facilitate groups with MITHN and partner organisations. We have developed a network of peer support groups including culturally specific support at local day centres and hostels.
## Community Suicide Prevention Hub
The Suicide Prevention Community Hub – Safe Connections offer remote access for support for people who are facing suicidal thoughts and who are not accessing mental health services. The Community Hub operates across the North East London boroughs Barking and Dagenham, City of London, Hackney, Havering, Newham, Redbridge, Tower Hamlets, and Redbridge. We have formed an alliance with these local Minds, known as Mind in East London. Since the launch of the Service in September 2021, we have successfully supported over 50 people to reduce the risk of suicide and connected with over 500 local businesses, organisations, and faith centres to increase the awareness of support for people facing suicide.
## Community Projects
## LEAP
The Leap Project, funded through the Big Lottery Reaching Communities Fund, has continued to support people throughout the pandemic and shone a bright light of hope following lockdown. During 2021–2022 we trained over 60 people with lived experience of mental health to become leaders in their communities and to co-produce innovative groups. Peer leaders have taken a lead role in tackling health inequalities within Tower Hamlets, Newham and Redbridge, while being a support system for each other through the challenges of 2021- 2022. The LEAP project and peer leaders have been at the forefront of transforming the delivery of our services and challenging for change within their local communities.
## Advocacy Services
Our advocacy services are delivered in the community, care homes and within mental health units and other hospital settings, enabling people to have a voice and to be involved in, and influence, decisions being made about their treatment and support. The service enables people to secure their rights, safeguard individuals, obtain access to the services they believe they need, and to make informed decisions.
Our advocacy services include the Newham Adolescent Advocacy Service, the Newham NHS Complaints Advocacy Service, the Independent Mental Health Advocacy Service in Tower Hamlets, and the Havering Integrated Advocacy Service. This also includes the statutory provision of Independent Mental Health Advocacy under the Mental Health Act, community advocacy, Advocacy under The Care Act, and Independent Mental Capacity Advocacy – both of which support
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## Trustees’ Annual Report
## For the year ended 31 March 2022
individuals who do not have capacity to make, or who would have difficulty in making certain key decisions. In addition, we support individuals to ensure that the choice for social services to decide where someone may live, has been made in their best interests and to ensure that their wishes, feelings, and values are represented.
As part of North East London Foundation Trust’s (NELFT) Transformation plan, we provide an independent voice in raising concerns and issues by advocating on behalf of people who are inpatients in the Sunflowers Court in Goodmayes Hospital.
We achieved the Quality Standard for Advocacy (QPM) and we have been commended for the quality of our provision across all our services. The advocacy service supported nearly 1,500 individuals over the last year including 288 people detained under the Mental Health Act, with 104 young people receiving advocacy, as well as supporting over 400 Newham residents to access the NHS complaints process.
## Employment / Advice and Information
## Employment Services
The impact of the pandemic on people in Tower Hamlets, Newham, and Redbridge, continues to be felt with job insecurity, potential redundancy and economic disadvantage. We are committed to working with our clients to increase their wellbeing and career opportunities through enabling access to and success in paid employment through the development of social enterprise, training, placement, and supported employment.
- In partnership with ELFT we deliver the Individual Placement and Support (IPS) employment service in Newham. IPS is an evidence-based model that places people who receive support from statutory mental health services into paid employment in line with their career preferences. The service is integrated with the statutory mental health service with a manager and six employment specialists, each of whom are embedded in clinical community teams. In 2021-22 this service has worked with 195 people and supported 72 people into paid work in and around Newham. This consists of a diverse range of job roles, including health care assistant, peer support worker, HR advisor, IT specialist, pharmacist and warehouse worker. In 2021-22 The Tower Hamlets Talking Therapies Employment Service achieved the internationally recognised Matrix Standard for its quality of work. Integrated within the Tower Hamlets Talking Therapy Service, this large team of 10 employment advisors supports clients with common mental health issues to recover through accessing employment support and advice. Working in partnership with East London Foundation Trust and the government’s Department of Work and Pensions and the Work & Health Unit we are making a real impact on clients’ opportunities to sustain employment or access new opportunities with the team’s support. In 2021-22 we supported 732 people in their recovery through successful engagement with them. Following our intervention 378 people were successful in returning to or retaining their employment. A total of 354 people were supported to find work. People who were supported to succeed ranged from senior executives to first time job seekers and included those who are long term unemployed.
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Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
## For the year ended 31 March 2022
We worked in partnership with Working Well Trust to deliver the Upskill project in Tower Hamlets, which provides support to adults with mental health issues in Tower Hamlets to move forward in their careers through accessing voluntary work, education, training, or paid employment. In 2021-22 this project supported 240 Tower Hamlets residents with mental health issues. 100 people successfully accessed training or education, 50 successfully accessed voluntary work, and 16 were supported into paid employment.
## Strategic Planning
Mind in Tower Hamlets and Newham operate within a 5-year strategic plan that is drawn up with the involvement of staff, Trustees, clients, and commissioners. In April 2019 we launched our strategic plan for the period 2019-2024. We continue to review our strategic objectives and organisational values, in light of recent events. The political, economic, social, technological, legal and environmental (‘PESTLE’) landscape has changed considerably since our last strategic plan. In March 2022, we held a strategic refresh event with Senior Leaders and Trustees using PESTLE analysis to identify factors that may affect our strategic decision making. Following the event, we will continue conversations with staff and review our strategic plan.
We are focused on delivering services where we have the expertise and capabilities to benefit those with mental health issues in Tower Hamlets, Newham, and neighbouring boroughs. Our broad experience and record for delivering high quality services is enabling us to broaden our reach both geographically and through development of new services. This is often in collaboration with other delivery partners whose expertise and capabilities complement our own and we now have 18 active partnerships. We have successfully bid for and secured funding to develop and expand the peer leadership programme across the borough of Redbridge. We will continue to develop peer led services, services which are co-produced and designed by and for people with mental health issues and embed co-production principles across all our work. We continue to prioritise services that focus on wellbeing, building resilience, promoting mental health recovery and more recently work around health equity amongst marginalised communities. This has been aided through additional funding that support inclusion and diversity programmes.
## Becoming an anti-racist organisation
As a result of the disproportionate impact of Covid-19 on the BAME community staff, the murder of George Floyd and the Black Lives Matter Movement Trustees agreed to develop our strategy towards becoming an anti-racist organisation. This strategy was launched in September 2021. Our action plan holds the organisation to account and monitors our progress towards our ambition. We have developed a model of ‘Community In-reach Access and Engagement’, which ensures that as an organisation we are listening to our communities who are not represented in traditional mental health services and working with them as allies to ensure they have improved access, experiences, and outcomes.
We were awarded the Equality and Diversity Excellence award from Mind in 2020 which is great recognition of the work that we are currently doing. However, we recognise that this work is ongoing. We will continue to monitor our progress against our commitments and set new goals as
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## Trustees’ Annual Report
## For the year ended 31 March 2022
part of the review process. We understand that this is a live document and that there is more work be done with culturally diverse communities to further reduce the barriers they may face in accessing our services. To date progress has been achieved at a good pace and we have largely accomplished our actions against our commitments.
Becoming an anti-racist organisation is not a tick box activity for us. We know that this is not any easy task, but we are committed to developing a clear strategy. Our vision is that being an antiracist organisation will be embedded in our systems, policies and practices, recruitment, staff management and client work. We are committed as leaders within mental health to continue to develop services and support that does not limit people of colour to ensure that they have equity in accessing mental health services.
Over the last 12 months we have:
- Continued the ‘listening campaign’ with staff about the impact of racism on their lives and work.
- Developed a model of in-reach to provide increased information, access and engagement to communities that experience discrimination and stigma.
- Explored faith-based models of peer support.
- Worked closely with Mind in Haringey on the Advancing Mental Health Equality project led by the Royal College of Psychiatry.
- Set up a partnership steering group with local organisations and community leaders to design and test models of support for seldom heard from communities.
- Initiated a review of our Equality and Diversity Policy which will be replaced with an Equality, Diversity, and Inclusion (‘EDI’) Policy. We will be delivering training to staff with leadership roles to encourage a greater understanding and application of the policy document in practice. Reviewed the skills base of our Board of Trustees and commenced a targeted recruitment process to increase EDI expertise on the Board.
- Continued to monitor and assess our achievements against the action plan, stemming from this work.
## Strategic Objectives
Our Strategic Objectives are:
Objective 1 - Our Services: Seamless Quality across the Board
We deliver services of the highest quality and provide support to those that need us the most.
To achieve this, we:
- Maintain our quality marks and standards and explore new areas to achieve standards in. Expand the geographical reach of our current services where possible. Develop new, innovative services to meet the needs of our clients.
- Become a specialist in employment for mental health. Increase the services we offer to young people.
- Review and improve how we measure our impact.
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Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
## Objective 2 - Our Voice: Challenging Clichés
We champion an authentic voice in mental health conversations.
## To achieve this, we:
Enable our clients to share their experiences with others and wider society.
Improve our online presence and digital outreach.
- Engage with national campaigns.
Work with local organisations to reduce stigma and discrimination.
Explore the potential to do targeted work to reduce stigma in different communities.
## Objective 3 - Our Clients: Empowerment for All
We support empowerment for all clients across all aspects of our organisation.
To achieve this, we:
Embed co-production across all our work and services.
- Provide integrated support for people facing multiple disadvantages.
- Develop our Peer Support and Peer Leadership models.
- Conduct more outreach into ‘hard to reach’ communities and demographics. Review and improve how we use feedback.
## Objective 4 - Our Network: Collaboration equals Success
We nurture and expand our network from formal partnerships to engagement with local organisations. We will also become a centre of excellence for volunteering.
To achieve this, we:
Increase the scope and effectiveness of our partnership working.
Take a strong role in the development of the London Mind network.
- Map and engage with a wider range of local organisations.
Create a volunteering strategy and become a centre of excellence for volunteering.
## Objective 5 - Our Capacity: Sustainable Growth
We grow our organisation sustainably to reach more people who need our help.
To achieve this, we:
Maintain our financial health and diversify our income sources.
- Build a strategic alliance with Havering Mind.
Maximize the wellbeing and effectiveness of our team.
Develop our digital capacity and strategy.
Improve our working environment.
Click on this link to read our Strategic Plan in full
https://view.pagetiger.com/MITHN-Strategic-Plan-2019-24/MITHN-Strategic-Plan-2019-24
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Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
## New Strategic Projects
## Pears Fund
As a response to our journey towards becoming and anti-racist and anti-discriminatory organisation and through our partnerships with the local communities in Tower Hamlets, Redbridge and Newham we were funded for 18 months through the Pears Racial Equity Fund facilitated by National Mind to set up and deliver “Safe Spaces” for BAME Muslim Women.
We have successful partnered with six local mosques and faith centres in Tower Hamlets, Redbridge and Newham and trained eight peer leaders to lead the facilitation of the weekly safe spaces. The project has supported over 100 women to have a greater voice and increase access and engagement with services in their locality. This project has enabled us to reach seldom heard and racialised communities as well as improve our clients access to services.
## Tower Hamlets Transition Project
Through our ongoing service delivery within Tower Hamlets through the Connecting Communities Service, we were asked to support the local commissioners and adult social care service to support clients who were impacted by the closure of Prichard Road Day Service. We have supported over 40 people to transition into alternative day service provision and to connect with local community services. We have collaborated with clients to explore ways to maintain their mental health and wellbeing following the closure of the day service.
## Redbridge Support Time Recovery Workers
As part of the wider mental health transformation agenda in Redbridge we were asked to develop 7 support time recovery workers to support the NELFT services during the transition of services. The team have been working in partnership with NELFT to support the multidisciplinary localitybased Mental Health and Wellness Teams (MHW Teams) holding responsibility for promoting a recovery model of care by providing assessments, delivering support, and meeting the needs of clients.
## Redbridge Peer Support
We successfully tendered for a new service in Redbridge delivering peer support for people accessing NELFT mental health services. Our peer support workers, a key component to the mental health transformation programme, are working in an integrated way within the neighbourhood teams across Redbridge to provide a recovery focused support service for people experiencing common and severe mental health issues. Funded from November 2021 to November 2023, our team have been trained to utilise their own lived experience of mental health issues to work effectively alongside clients in an equal partnership on their journey towards independence and recovery. Our work here involves:
- Delivering both case management i.e., one-to-one and community led groups.
- Offering practical support alongside more intensive psycho-social support and keyworking for clients and carers.
- Supporting the development of peer-led activities and groups – championing social inclusion and recovery.
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Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
## For the year ended 31 March 2022
Our growing partnership with NELFT in Redbridge has resulted in an additional post in the borough, the rapid peer support worker funded by the Health Technology Assessment grant provided by the National Institute of Health Research (NIHR) for 12 months. The project involves examining digital interventions for suicide in those experiencing a mental health crisis (the RAPID study) and started in April 2022.
## Workplace Wellbeing training for small businesses
We have been awarded a grant from Tower Hamlets Council to deliver a range of mental health training sessions for small/micro businesses within Tower Hamlets. The aim is to deliver training to small organisations within the borough to educate and destigmatise mental health and create strong in-house processes of support for as many organisations as possible. The primary outcome from this initiative is to develop mental health awareness and support organisations to develop a workplace wellbeing strategy supporting people facing mental health in the workplace.
## Clare House Support Service
We have worked closely with Clarion Housing to provide rapid and immediate support for their local tenants in housing crisis to provide wellbeing support and access to peer support, therapy, and wellbeing groups.
## Volunteers
Mind in Tower Hamlets and Newham works with a large number of volunteers. This includes the Trustees who volunteer their time to oversee the strategic direction of the organisation and ensure that we are delivering services in line with our objectives and charitable purpose. Trustees devote a considerable amount of their time each year to attend meetings and to support the organisation.
We encourage people with lived experience of mental health to volunteer. This opportunity can support clients with their recovery as well as enabling them to regain confidence and skills that enable them to get back into employment. We can work with between 12-15 volunteers with lived experience at any one time. These volunteers may support the design, development and delivery of groups and activities, planning support services with staff, facilitating service user led groups and peer support groups.
Our counselling service model includes volunteer counsellors on placement as well as paid clinical counsellors. This service works with approximately 40 volunteer counsellors on placement, each providing four hours of counselling per week. This represents approximately 8,000 hours of volunteer support which equivalent to over 6 FTE staff.
## Kickstart Apprenticeship Programme
In July 2021, we took on two new starters from the Government funded Kickstart programme to provide administrative support. We are pleased to report that contracts of employment have been offered to both staff allowing us to retain them as our employees beyond their six-month placement end date.
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Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
Following the success of the first round of this programme, we subsequently applied for and were awarded an additional five Kickstart apprentices who joined us in February 2022. All five apprentices have been allocated to different services and have settled in well to their role.
This service offers young people access to work and the opportunity to build up their CV and explore potential roles in the community once they have completed their apprenticeship. We are working closely with the apprentices to support them to access ongoing paid work.
## Protection of vulnerable people and other members of the public
Mind in Tower Hamlets and Newham are committed to supporting vulnerable people and protecting members of the public. We are a local community mental health resource and offer information, advice, and guidance to anyone who contacts us. We are committed to ensuring that local people access the right support at the right time and offer a signposting or navigation service to people if we do not deliver the support that they are requesting. We have a strong commitment to vulnerable people and have embedded excellent safeguarding policies and practices so that we are responsive to those who are most vulnerable and can offer the right support to meet their complex needs.
## Financial Review
In the financial year 2021/22, Mind in Tower Hamlets and Newham had a total income of £3,045,094 (2021: £2,494,568), representing a 22% increase in income. Total expenditure of £2,883,361 (2021: £2,351,122) increased by 23%. This resulted in an operating surplus for the year of £161,734 (2021: surplus of £143,446).
The pension fund updates resulted in a gain of £59,205 (2021: £0). The overall pension liability has reduced by £87,010 to £20,281 (2021: £107,291). Expenses have been added for the next three years on top of the annual deficit contributions, 2022: £8,259 (2021: £0) and £17,269 in the next two years. We have been instructed not to accrue for these future expenses. This results in the total liability over one year being £13,546 (2021: £80,140).
These adjustments have resulted in a total surplus of £220,939 for the year (2021: £143,446).
Our unrestricted funds have increased by £246,310 to £606,004 (2021: £359,694). We have designated a total of £273,285 (2021: £197,406), of which £148,285 (2021: £197,406) cover the depreciation of our fixed assets which are not covered by restricted funds and £125,000 (2021: £0) of these are designated allowances for potential costs identified. This leaves general unrestricted funds at £332,719 (2021: £162,288).
We remain vigilant about the organisation’s expenditure and running costs to ensure that we can deliver our services in a financially secure manner, whilst continuing to grow unrestricted funds. Both our strategic plan and our operational business plan are ambitious about growth and the delivery of high-quality service to our clients.
16
Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
## For the year ended 31 March 2022
We are committed to continually reviewing and improving our financial regulations policy, procedures and accounting systems and are confident that the information within the system is accurate and transparent and therefore provides management, Trustees, and stakeholders with a clear view of our financial health.
## Going Concern
As a result of continued expansion of services and careful cost control the charity has realised an increased operating surplus in the current year, strengthening financial resilience. The Trustees regularly review operational budgets and cash flow projections alongside operational and financial risks in order to ensure that the charity remains financially robust and to assess the charity’s ability to meet its liabilities as they fall due and to continue to trade as a going concern. The charity benefits from good visibility of contracted income for the large majority of the services it provides which assists this exercise.
The continuing improvement in financial performance and reserves once again supports the preparation of these accounts on a going concern basis. Additional detail of the reserves position in the context of the reserves policy is provided below.
Since the period end, the Trustees have considered the impact of the Covid-19 pandemic on its operations and funding position. Both have remained robust throughout the Covid-19 pandemic as the charity rapidly shifted to services being provided remotely as well as securing additional funding to support the transition required and to expand its services to start to address the mental health impacts of the pandemic.
We remain committed to reviewing our strategy and operational planning to enable us to develop new services with a firm funding base whilst continuing to control our operating costs. Mind in Tower Hamlets and Newham has seen significant growth in the recent years and is operating with a solid foundation of secured funding. Trustees are committed to continuing to develop the service and to ensure that the organisation offers services that are of a high quality and offer added value to our clients. Trustees are aware of their need to maintain a close review of income and expenditure as well as have strong strategic plans for the future.
Further assessment of the charity’s going concern position in note 1d).
## Reserves Policy
Mind in Tower Hamlets and Newham is acutely aware of the need to sustain its viability in the medium to long term. As a result of continued expansion of services and careful cost control the charity has realised an increased operating surplus in the current year, enhancing the reserves position, guided by the reserves policy.
The Trustees consider it prudent to maintain an unrestricted level of reserves which will enable it to fulfil its contractual obligations. They are committed to building sufficient unrestricted reserves
17
Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
## For the year ended 31 March 2022
to cover a 25% fall in the contribution of contracted income to central operating costs for a period of two years, plus an allowance for any other unforeseen expenditure required to maintain MITHN’s operations (e.g. uninsured repairs and maintenance work to the buildings operated by MITHN).
Based on the budget for 2022/23 the Trustees have calculated a reserves target (as described above) of £457,999 to cover 25% shortfall in central costs of c. £915,999 pa for two years plus £40,000 being the Trustees’ assessment of a reasonable allowance for other unforeseen expenditure – totalling £497,999.
We designated reserves of £125,000 relating to identified potential additional expenditure to the Charity in the future. These are added back in the calculation of the reserves for comparison with the reserves target.
As explained above, if we exclude the pension liability which will not crystallise at a single point but can be paid over the next 5 years and add back the designated reserves mentioned above, our unrestricted funds would be £471,265 (2021: £242,429). This is equivalent to 95% of the above reserves target. The Trustees are mindful of continuing to enhance the reserves position towards this target when making decisions on allocation of operational surplus generated.
## Principal Risks and Uncertainties
We review organisational risks in a structured way to ensure that we identify risks and take action to eliminate or mitigate the impact of risks that the charity is exposed to. This approach is focused on our comprehensive risk register which reviewed and updated on a quarterly basis, first by the senior management team and then by the Finance Sub-committee (of Trustees) and the HR and Governance Sub-committee (of Trustees) before a final review and ratification by the Board of Trustees.
This review includes the following key steps:
- 1.Checking for completeness of the risks included on the risk register to ensure that all relevant risks are captured
- 2.Recording the impacts of the risk on the charity and the mitigations already in place to address the risks
- 3.Scoring all risks based on likelihood of the impacts of the risk being realised, and the severity of those impacts, taking into account the mitigants in place
- 4.Determining whether further mitigating actions are required to limit the potential impacts of the risk on the charity to ensure that the charity remains resilient.
18
Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
The key risks which the charity has been actively managing through this process during the period are:
## Staff recruitment and retention
Staff recruitment and retention remain a key risk for our charity alongside many other health and social care providers. Potential applicants are keen to explore remote working options and we have experienced challenges in recruiting experienced workers at the current remuneration. As a charity we have introduced a hybrid model of working with limited remote working for staff, however, we are required to deliver many of our services face-to-face and respond to the needs of local communities.
We regularly benchmark our jobs against local providers and work hard to ensure that we remain competitive and an employer of choice in our sector. We have revised our terms and conditions as well as our commitment to staff training and continuous professional development.
## Cashflow and debtor management
Debtors were higher at year end than the previous year. This was due to new services being set up towards the end of the financial year and there being a delay in funders raising Purchase Orders to enable them to commit payments. This was a short term impact and at 31 May 2022, all the debtors outstanding at 31 March 2022 had been paid. Recoverability of debtors is reviewed at the quarterly Finance Sub-committee meetings.
## Elevated Inflation
Like many other organisations, the charity is exposed to cost pressures during this period of elevated inflation. The senior management team and Board of Trustees have reviewed the financial resilience of the charity in this context. The charity has relatively low exposure to energy and rental costs but staff salaries do make up a significant proportion of its costs. Salaries are generally linked to the NJC scale which includes annual inflationary uplifts. The charity takes into account affordability when determining how to apply NJC inflationary uplifts. As part of its standard forecasting processes, the charity has modelled an additional high-inflation scenario to test the financial resilience of the charity. This was factored into the going concern assessment.
## Plans for the Future
The Trustees and the CEO have developed a 5-year strategic plan and an annual Operational Plan covering the development of new services, fundraising and disciplined control of costs in running the organisation. We are committed to exploring new funding opportunities, building our service area, and expanding services across the North East London Integrated Care Systems (ICS) over the next 12 months.
We will be reviewing our strategic objectives for the remaining years in response to changes implemented by Mind to their strategy as well as changes that have occurred within the mental health environment. The review was initiated in March 2022, with a strategic refresh event consisting of Board members and senior staff and will continue throughout the year.
19
Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
## Structure, Governance and Management
## Governing Document
Mind in Tower Hamlets and Newham (“MITHN”) (the word ‘Limited’ being omitted by licence from the Department of Trade) is incorporated as a company limited by guarantee and not having a capital divided by shares.
The organisation is a charitable company limited by guarantee, incorporated on 6 September 1991, and registered as a charity on 6 March 1992. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
## Charity Governance Code
In July 2017, a group of charity and governance associations introduced the new Charity Governance Code as a practical tool to help Trustees achieve high standards of governance, recognising that good governance in charities is fundamental to success, contributing to our charity achieving its objectives for the benefit of all stakeholders.
The Trustees and management have benchmarked Mind in Tower Hamlets and Newham’s governance standards against the recommended practices included within the Charity Governance Code. In February 2020, the Charity Commission introduced changes to the code to add principles related to integrity and equality, diversity and inclusion. These have been incorporated into the assessment plan and will be reviewed and assessed by Trustees and senior staff.
Overall, the Trustees are satisfied that the governance standards of the charity are appropriate for its scale, complexity, and charitable purposes, but identified several areas where enhancements to the governance approach would benefit the operation of the charity. An action plan is being implemented to address these points, consistent with the Trustees’ commitment to continuous improvement of governance standards guided by the Charity Governance Code and other standards and requirements, including those of the Charity Commission.
## Recruitment and Appointment of Trustees
The approach to recruitment and appointment of Trustees is set out in our Articles of Association. The honorary officers: The Chair, Vice-Chair, and the Treasurer, as well as other Trustees, are elected at the Annual General Meeting by the members of MITHN. The Chair, Vice-Chair and Treasurer can only serve for one year and then must seek re-election at the AGM. The recruitment process is set out in our Trustee recruitment policy and includes the stages listed below:
Skill and Equality, Diversity and Inclusion (EDI) monitoring audit Role description
Identifying potential Trustees Selection process
20
Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
## Induction
In 2019 we developed our HR and Governance Sub-Committee comprising of a Chair and Trustee members to support the development of our organisation and our governance. This committee continues to grow in strength and meets four times a year. The Trustee appraisal process has now been embedded, with all Trustees being allocated a Trustee appraisee to support their individual development and role. The Trustee succession plan has been produced and highlights those Trustees who are able to take on key roles in the event of an emergency situation. The committee continues to scrutinise risk in relation to HR and Governance matters.
The Board of Trustees has the power to appoint additional Trustees as it considers fit to do so. The Trustee skills audit and EDI monitoring data provides insight to board requirements in the recruitment of future Trustees to ensure that the required skills, diversity, experience and expertise are in place amongst Board membership.
The Trustees in office in the year are set out on page 1. The Trustees have no beneficial interest in the company other than as members. The Trustees are also directors of the company. All the Trustees are members of the company and guarantee to contribute £1.00 if the company is wound up.
The Trustees do not have ‘hands on’ involvement in MITHN’s activities and the Board delegates day-to-day responsibility to the CEO, Michelle Kabia, who in some instances will delegate to other members of the senior management team.
All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 6 to the accounts.
## Trustee Induction and Training
The induction and training of Trustees is set out in the charity’s Trustee Recruitment Policy. All Trustees are provided with an induction pack and have a one-to-one induction meeting with the HR and Governance Director. All potential Trustees attend a number of Board meetings before being elected to the Board.
As part of their induction new Trustees are encouraged to visit the organisation’s projects and to meet the staff. As part of the skills audit, the training needs of new Trustees are built into a training programme. The progression of new Trustees is monitored by the Chair or other nominated Trustee, to ensure that they:
Are fully aware of their role and responsibilities
- Are informed about the organisation to meaningfully input into discussion Identify and address training needs
21
Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
All Trustees are informed of external training opportunities during the year. Charity Commission updates and news are also provided to them. All Trustees are also invited to register onto the Mind Open Hub Trustee Newsletter and subscribed to Civil Society News to receive regular circulation of their monthly bulletin.
## Related Parties and Relationships with Other Organisations
Mind in Tower Hamlets and Newham is affiliated to National Mind. We are committed to working in partnership with other providers. This has been a significant strategic aim and we are now working with eighteen different organisations to deliver our services. Examples of the partnerships are: Working Well Trust - Upskill, ELFT – Newham and Tower Hamlets Talking Therapies, Newham IPS service and Community Barnet – NHS complaints advocacy in Newham, Redbridge Peer Support Services in partnership with NELFT.
## Remuneration Policy for Key Management Personnel
Mind in Tower Hamlets and Newham set its pay and remuneration in line with the National Joint Council Local Government Salary Scale. Staff are generally appointed at the appropriate scale point related to their experience. All staff have an induction and probation period at the start of their employment and an annual appraisal which outlines their performance against their key objectives in their job description.
## Statement about Fundraising Practice
Mind in Tower Hamlets and Newham have established a Fundraising Strategy which works alongside our Strategic Plan and our Operational Plan.
Our fundraising strategy aims to address how we will achieve our strategic development targets and the budgeted fundraised annual income. We are committed to diversifying our income and developing our services to new communities as well as expanding our area of benefit.
## Diversification of Income
To meet the objectives of our strategic plan, we are committed to diversifying our income streams, scoping and taking advantage of alternative sources of funding so that we can continue to maintain quality services for our clients, and continue to generate services that our clients are telling us they want and need. To do this, we:
Explore non-statutory funding opportunities.
- Increase our local fundraising activities to raise income such as sponsorships and events. Secure new contract funding where appropriate.
Develop significant partnerships to build on our successful tendering. Raise the profile of the organisation via social networking.
Increase corporate sponsorship and development of local business links.
22
Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
## Ethical Fundraising
We are committed to ethical fundraising, ensuring that we do not accept donations or support from companies who are in direct conflict with our aims. We have an Ethical Fundraising policy that will support this strategy and be embedded into any fundraising activities.
Mind in Tower Hamlets and Newham’s approach to fundraising is to use internal staff and volunteers where appropriate. We do not use external fundraisers currently but would consider this where they have additional expertise and can carry out fundraising work more costeffectively.
We are members of the Fundraising Standards Board (FRSB) and comply with their code of fundraising practice. We have not received any complaints about fundraising during the year. The Chief Executive Officer and Finance Manager monitor the fundraising activities undertaken by third parties on a day-to-day basis while a fundraising sub-group monitor these periodically.
## Statement of Responsibilities of the Trustees
The Trustees (who are also directors of Mind in Tower Hamlets and Newham for the purposes of company law) are responsible for preparing the Trustees’ annual 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, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently.
- Observe the methods and principles in the Charities SORP.
Make judgements and estimates that are reasonable and prudent.
- State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
There is no relevant audit information of which the charitable company’s auditors are unaware.
23
Mind in Tower Hamlets and Newham
## Trustees’ Annual Report
For the year ended 31 March 2022
The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees on 31 March 2022 was 14 (2020: 16). The Trustees are members of the charity, but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity.
## Auditor
Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and have expressed their willingness to continue in that capacity.
The Trustees’ annual report has been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.
The Trustees’ annual report has been approved by the Trustees on 8 November 2022 and signed on their behalf by
Angie Shannon Chair
24
Independent auditor’s report
Mind in Tower Hamlets and Newham
To the members of
## Opinion
We have audited the financial statements of Mind in Tower Hamlets and Newham (the ‘charitable company’) for the year ended 31 March 2022 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, 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 statements:
Give a true and fair view of the state of the charitable company’s affairs as of 31 March 2022 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.
Have been prepared in accordance with the requirements of the Companies Act 2006.
## 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 Auditor’s responsibilities for the audit of the financial statements 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 statements in the UK, including the FRC’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 enough 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 Mind in Tower Hamlets and Newham'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.
25
Independent auditor’s report
To the members of
Mind in Tower Hamlets and Newham
## Other information
The other information comprises the information included in the Trustees’ annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information. 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. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
## Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- The information given in the Trustees’ annual report, for the financial year for which the financial statements are prepared is consistent with the financial statements.
- The Trustees’ annual report has been prepared in accordance with applicable legal requirements.
## Matters on which we are required to report by exception
In the light of the 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’ annual report.
We have nothing to report in respect of the following matters in relation to which the 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 companies’ regime and take advantage of the small companies’ exemptions in preparing the Trustees’ annual report and from the requirement to prepare a strategic report.
26
Independent auditor’s report
To the members of
## Mind in Tower Hamlets and Newham
## Responsibilities of Trustees
As explained more fully in the statement of Trustees’ responsibilities set out in the Trustees’ annual report, 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 statements 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 statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, 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.
## 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 issue 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 (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 based on these financial statements.
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. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.
## Capability of the audit in detecting irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
- We enquired of management and the finance committee, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to:
- Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance.
- Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud.
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- We inspected the minutes of meetings of those charged with governance.
27
Independent auditor’s report
## To the members of
## Mind in Tower Hamlets and Newham
- We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
- We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
- We reviewed any reports made to regulators.
- We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
- We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
- In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
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 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 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 statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## Use of our report
This report is made solely to the charitable company's members 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 charitable company's members 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Joanna Pittman (Senior statutory auditor)
## 14 November 2022
for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL
28
Mind In Tower Hamlets and Newham
Statement of financial activities (incorporating an income and expenditure account)
For the year ended 31 March 2022
||||||||Restated|
|---|---|---|---|---|---|---|---|
|||||2022|||2021|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||Note|£|£|£|£|£|£|
|Income from:||||||||
|Donations and legacies|2|27,415|-|27,415|30,525|-|30,525|
|Charitable activities||||||||
|Support Services|3a|1,521,465|199,849|1,721,314|1,165,090|208,261|1,373,351|
|Community Projects|3b|-|86,200|86,200|-|84,065|84,065|
|Advocacy Projects|3c|463,836|-|463,836|404,790|-|404,790|
|Employment, advice & information|3d|697,560|34,471|732,031|557,164|33,723|590,887|
|Investment income||67|-|67|201|-|201|
|Other income||14,232|-|14,232|10,749|-|10,749|
|Total income||2,724,575|320,520|3,045,095|2,168,519|326,049|2,494,568|
|Expenditure on:||||||||
|Charitable activities||||||||
|Support Services|4|1,431,397|219,314|1,650,711|995,764|238,017|1,233,781|
|Community Projects|4|-|90,013|90,013|-|56,350|56,350|
|Advocacy Projects|4|493,387|-|493,387|470,382|-|470,382|
|Employment, advice & information|4|612,687|36,564|649,251|553,561|37,048|590,609|
|Total expenditure||2,537,470|345,891|2,883,361|2,019,707|331,415|2,351,122|
||5|||||||
|Net income/(expenditure) for the year||187,105|(25,371)|161,734|148,812|(5,366)|143,446|
|Net income / (expenditure) before other||||||||
|recognised gains and losses||187,105|(25,371)|161,734|148,812|(5,366)|143,446|
|Pension adjustment||59,205|-|59,205|-|-|-|
|Net movement in funds||246,310|(25,371)|220,939|148,812|(5,366)|143,446|
|Reconciliation of funds:||||||||
|Total funds brought forward as previously||295,903|258,348|554,251|210,882|263,714|474,596|
|Prior year adjustment|20|63,791|-|63,791|-|-|-|
|Total funds brought forward as restated||359,694|258,348|618,042|210,882|263,714|474,596|
|Total funds carried forward|17|606,004|232,977|838,981|359,694|258,348|618,042|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 17 to the financial statements.
29
Mind In Tower Hamlets and Newham
Company no. 2643905
## Balance sheet
## As at 31 March 2022
|Note
£
Fixed assets:
10
Current assets:
11
407,215
383,448
790,663
Liabilities:
12
(319,399)
14
16
17
273,285
346,265
(13,546)
332,719
Total unrestricted funds
Cash at bank and in hand
Tangible assets
Debtors
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
General funds
Total assets less current liabilities
Restricted income funds
Unrestricted income funds:
Designated funds
Excluding long term pension liability
Total charity funds
Long term pension liability
General funds including long term pension liability|Note
£
Fixed assets:
10
Current assets:
11
407,215
383,448
790,663
Liabilities:
12
(319,399)
14
16
17
273,285
346,265
(13,546)
332,719
Total unrestricted funds
Cash at bank and in hand
Tangible assets
Debtors
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
General funds
Total assets less current liabilities
Restricted income funds
Unrestricted income funds:
Designated funds
Excluding long term pension liability
Total charity funds
Long term pension liability
General funds including long term pension liability|2022
£
381,262|£
109,115
322,540|Restated
2021
£
452,406|
|---|---|---|---|---|
|||381,262
471,264||452,406
245,776|
||790,663
(319,399)||431,655
(185,879)||
||273,285
346,265
(13,546)||197,406
242,428
(80,140)||
|||852,526
(13,546)||698,182
(80,140)|
|||838,981||618,042|
|||232,977
606,004||258,348
359,694|
||332,719||162,288||
||||||
|||838,981||618,042|
Approved by the trustees on 8 November 2022 and signed on their behalf by
Angie Shannon Chair
Jonathan Rae Treasurer
30
Mind In Tower Hamlets and Newham
## Statement of cash flows
## For the year ended 31 March 2022
Reconciliation of net expenditure to net cash flow from operating activities
|Note
Cash flows from operating activities
Net cash used in investing activities
Net cashflow generated from/(used in) operating
activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of fixed assets
Gains from pension valuation
Net cash generated from / (used in) operating activities
(Decrease)/increase in creditors
Net Income / (expenditure) for the reporting period
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
(as per the statement of financial activities)
Depreciation charges
Dividends, interest and rent from investments
Decrease/(increase) in debtors|£
£
68,642
67
(7,800)
(7,733)
60,909
322,540
383,448
2022|£
£
68,642
67
(7,800)
(7,733)
60,909
322,540
383,448
2022|2022
£
161,734
78,944
(67)
(298,100)
66,926
59,205|Restated
2021
£
143,446
70,529
(201)
(75,696)
(11,806)
-|
|---|---|---|---|---|
||||68,642|126,272|
||||||
|||60,909
322,540||(15,586)
338,127|
|||383,448||322,540|
31
Mind In Tower Hamlets and Newham
Notes to the financial statements
## For the year ended 31 March 2022
- 1 Accounting policies
## a) Statutory information
Mind in Tower Hamlets and Newham is a charitable company limited by guarantee and is incorporated in the United Kingdom.
The registered office address is Open House, 13 Whitehorn Street, London, E3 4DA.
- b) Basis of preparation
The financial statements have been prepared in accordance with 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)- (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
## c) Public benefit entity
The charitable company meets the definition of a public benefit entity under FRS 102.
- d) Going concern
The trustees, with the support from management, have worked on new service developments to sustain the charity for the future and build up reserves. This has resulted in the charity realising a larger surplus than the prior year, continuing the trend of improving financial performance and resilience. However, the trustees acknowledge that the current level of reserves remains below the target level per the charity’s reserves policy. The trustees remain focused on maintaining the medium term financial sustainability of the charity, including through ensuring that operating costs remain within budget limits.
The trustees review the budgets, forecasts, cash flow projections and risk associated with forecast income streams while considering the going concern assumption. Following this review, and noting that the charity does not have any financial borrowings, the trustees consider that there are no other material uncertainties about the charity's ability to continue as a going concern.
## e) Income
Recognition of income takes place in accordance with applicable accounting policies and results are presented in accordance with SORP & FRS 102. All incoming resources are included in the Statement of Financial Activities when there is entitlement to receive them, it is probable that the income will be received and that the amount can be measured reliably.
Grants and donations are recorded in the period in which they are received or the Charity is entitled to the income. Any donations tied to a particular purpose are credited to restricted reserves.
Income from revenue grants and other grants are credited to the Statement of Financial Activities when received or receivable. Where unconditional entitlement to grants receivable is dependent on fulfilment of conditions within the Charity's control, the incoming resources are recognised when there is sufficient evidence that conditions will be met, is probable that the income will be received and the amount can be measured reliably and is not deferred.
Contractual income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.
## f) Gifts and services in kind
Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In the case of donated fixed assets, a designated fund is created reflecting the book value of the asset, which is then reduced over the useful economic life of the asset in line with its depreciation.
On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
The value of services provided by general volunteers has not been included in the Statement of Financial Activities.
- g) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## h) Fund accounting
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
Unrestricted general funds are donations and other incoming resources received or generated for the charitable purposes. The General fund has to provide for the net deficit of any activities that have inadequate income of their own and for the central operating costs of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
32
Mind In Tower Hamlets and Newham
Notes to the financial statements
## For the year ended 31 March 2022
- 1 Accounting policies (continued)
- i) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Resources expended include attributable VAT which cannot be recovered as Mind In Tower Hamlets and Newham is not currently VAT registered. Expenditure is classified under the following activity headings:
- Expenditure on charitable activities includes the costs associated with delivering the main objectives of the charity and include both the direct cost and support cost relating to these activities.
- Support costs are those costs incurred which are not directly an output of the charitable activity.
- Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.
- j) Allocation of support costs
Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis of the total direct project's cost.
## k) Tangible fixed assets
Items of equipment are capitalised where the purchase price exceeds £1,500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
> Long leasehold premises 45 years Fixtures & equipment 25% on cost Computer equipment 25% on cost
- l) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
- m) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## n) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## o) Pensions
The charity operates two pension schemes, the first being a multi - employer pension scheme on behalf of its staff. It is not possible to separately identify the assets and liabilities of participating employers on a consistent and reasonable basis.
The charity has recognised its committed liability for past service deficits for this scheme and these are noted as a liability on the balance sheet and as a long term pension liability reserve. This scheme is now closed to new members.
The second is a defined contribution scheme with Aviva, where the charity has no liability other than to pay the defined contributions as they fall due.
33
Mind In Tower Hamlets and Newham
## Notes to the financial statements
## For the year ended 31 March 2022
- 2 Income from donations and legacies
|2
Income from donations and legacies|||||||
|---|---|---|---|---|---|---|
|3
a)
b)
Redbridge Advocacy (Sunflower Court)
c)
d)
London Borough of Havering – Havering Advocacy
Sub-total for support services
Donations and fundraising
Clare House
Our Voice (Diversity and Inclusion), City Bridge
LBTH Infection Control
One place East
New Horizon - City Bridge
Connector Fund
Mums Matter
Capital Investment, Café
Newham Bereavement Service
Income from charitable activities
Total Income from donations and legacies
Total income from charitable activities
Sub-total for advocacy projects
Sub-total for Employment, advice and information
Sub-total for Community Projects
East London Foundation trust - Adolescent Advocacy
Big Lottery - LEAP
Other income from support services projects
Community Barnet - Complaints Advocacy
NHS Newham CCG – IPS Newham NHS England
London Borough of Tower Hamlets - Connecting
Communities
Pears Fund
London Borough of Tower Hamlets - IMHA
Muslim Forum
Redbridge Peer Support Workers
Transition project (day care closure)
Safespace Café
East London NHS Foundation - Talking Therapies
Suicide Hub
East London NHS Foundation – IAPT Employment
STR Workers
London Borough of Newham - Counselling Newham
Membership subscriptions
Workplace Wellbeing
London Borough of Tower Hamlets - Upskill|Unrestricted
£
27,360
55|£
-
-
Restricted|2022
Total
£
27,360
55|Unrestricted
£
30,495
30|£
-
-
Restricted|2021
Total
£
30,495
30|
||27,415|-|27,415|30,525|-|30,525|
||Unrestricted
£
-
27,373
-
-
-
573
1,000
130,998
118,939
58,259
30,000
25,563
54,264
296,327
596,614
-
-
146,480
-
-
35,075|£
39,685
-
49,200
25,647
18,995
5,000
4,000
-
-
-
-
-
-
-
-
36,600
20,722
-
-
-
-
Restricted|2022
Total
£
39,685
27,373
49,200
25,647
18,995
5,573
5,000
130,998
118,939
58,259
30,000
25,563
54,264
296,327
596,614
36,600
20,722
146,480
-
-
35,075|Unrestricted
£
84,906
-
-
-
-
-
-
-
-
-
-
-
52,466
294,239
596,614
-
-
128,241
-
-
8,624|£
70,005
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6,100
26,690
-
25,710
79,756
-
Restricted|2021
Total
£
154,911
-
-
-
-
-
-
-
-
-
-
-
52,466
294,239
596,614
6,100
26,690
128,241
25,710
79,756
8,624|
||1,521,465
-|199,849
86,200|1,721,314
86,200|1,165,090
-|208,261
84,065|1,373,351
84,065|
||-
33,310
206,488
126,583
40,000
57,455|86,200
-
-
-
-
-|86,200
33,310
206,488
126,583
40,000
57,455|-
32,410
206,488
125,892
40,000
-|84,065
-
-
-
-
-|84,065
32,410
206,488
125,892
40,000
-|
||463,836
-
227,532
470,028|-
34,471
-
-|463,836
34,471
227,532
470,028|404,790
-
192,936
364,228|-
33,723
-
-|404,790
33,723
192,936
364,228|
||697,560|34,471|732,031|557,164|33,723|590,887|
||2,682,861|320,520|3,003,381|2,127,044|326,049|2,453,093|
34
Mind In Tower Hamlets and Newham
Notes to the financial statements
## For the year ended 31 March 2022
## 4a Analysis of expenditure (current year)
|Staff costs (Note 6)
Direct costs
Premises costs
Office and supplies costs
Depreciation
Consultancy
Audit remuneration
Governance Cost
Support costs
Governance costs
Total expenditure 2022
Total expenditure 2021 restated||Charitable activities|Charitable activities||Support
costs
£
212,899
13,240
20,716
127,748
78,944
23,565
-
-|Governance
costs
£
-
-
-
-
-
-
13,120
862|2022
Total
£
2,223,716
261,004
39,261
221,516
78,944
44,938
13,120
862|Restated
2021
Total
£
1,864,426
130,986
47,264
194,057
70,529
32,560
11,300
-|
|---|---|---|---|---|---|---|---|---|
||Support
services
£
1,070,867
190,536
16,545
70,241
-
21,373
-
-|Community
Projects
£
62,688
6,366
-
5,628
-
-
-
-|Advocacy
Projects
£
361,321
34,913
2,000
11,119
-
-
-
-|Employment,
advice &
information
£
515,942
15,949
-
6,780
-
-
-
-|||||
||1,369,562
273,145
8,005|74,682
14,895
436|409,353
81,641
2,393|538,670
107,432
3,148|477,113
(477,113)
-|13,982
-
(13,982)|2,883,361
-
-|2,351,122
-
-|
||1,650,711|90,013|493,387|649,251|-|-|2,883,361|-|
||1,214,390|57,328|478,545|600,859|-|-||2,351,122|
35
Mind In Tower Hamlets and Newham
Notes to the financial statements
## For the year ended 31 March 2022
## 4b Analysis of expenditure (prior year)
|Staff costs (Note 6)
Direct costs
Premises costs
Office and supplies costs
Depreciation
Consultancy
Audit remuneration
Support costs
Governance costs
Total expenditure 2021 restated||Charitable activities|Charitable activities||Support
costs
£
198,206
13,251
12,528
123,952
70,529
29,435
-|Restated
Governance
costs
2021
Total
£
£
-
1,864,426
-
130,986
-
47,264
-
194,057
-
70,529
-
32,560
11,300
11,300
11,300
2,351,122
-
-
(11,300)
-
-
2,351,122|
|---|---|---|---|---|---|---|
||Support
services
£
815,899
85,609
13,145
61,665
-
888
-|Community
Projects
£
40,273
303
-
3,318
-
2,237
-|Advocacy
Projects
£
370,239
7,719
2,000
5,122
-
-
-|Employment,
advice &
information
£
439,809
24,104
19,591
-
-
-
-|||
||977,206
231,348
5,837|46,131
10,921
276|385,080
91,165
2,300|483,504
114,467
2,888|447,901
(447,901)
-||
||1,214,390|57,328|478,545|600,859|-||
36
Mind In Tower Hamlets and Newham
Notes to the financial statements
For the year ended 31 March 2022
## 5 Net expenditure for the year
|This is stated after charging:||Restated|
|---|---|---|
||2022|2021|
||£|£|
|Depreciation|78,944|70,529|
|Operating lease rentals:|||
|Photocopier|1,387|1,387|
|Auditor's remuneration (excluding VAT):|||
|Under accrual from prior year|1,901|260|
|Audit|9,750|9,200|
6 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Staff costs were as follows:
|Staff costs were as follows:|||
|---|---|---|
|Salaries and wages
Social security costs, ER NIC
Employer’s contribution to pension schemes
Pension movement|2022
£
1,972,186
174,118
77,412
-|2021
£
1,643,799
147,952
66,557
6,117|
||2,223,716|1,864,426|
1 employee earned (excluding national insurance and employer pension contributions) between £80,000 and £90,000 during the year (2021: 1 between £80,000-£90,000).
The total employee remuneration including pension contributions and national insurance of the key management personnel was £184,482 (2021: £197,582).
The charity trustees were not paid and did not receive any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).
One trustee expenses paid or reimbursed in the year were £55 (2021: £nil) for travel.
## 7 Staff numbers
The average number of employees (head count based on number of staff employed) during the year was as follows:
|Support
Advocacy Projects
Governance
Employment, advice & information
Support Services
Community Projects|2022
No.
40
2
12
17
6
1|2021
No.
31
3
12
14
5
1|
|---|---|---|
||78|66|
## 8 Related party transactions
There are no related party transactions to disclose (2021: none) other than those already disclosed in note 6. There were Trustee donations of £748 (2021: £360), these were paid without conditions.
37
Mind In Tower Hamlets and Newham
Notes to the financial statements
## For the year ended 31 March 2022
## 9 Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## 10 Tangible fixed assets (Restated)
|Tangible fixed assets (Restated)|||||
|---|---|---|---|---|
|20
20
Eliminated on disposal
At the end of the year
At the start of the year as restated
Net book value
Disposals in the year
Additions in the year
Cost
Depreciation
At the start of the year as previously stated
Prior Year Adjustment
At the start of the year as previously stated
Prior Year Adjustment
At the end of the year
At the end of the year
At the start of the year restated
Charge for the year
At the start of the year as restated|Long
leasehold
premises
£
895,202
-|Fixtures and
equipment
£
85,618
85,055|Computer
equipment
£
76,640
-|Total
£
1,057,460
85,055|
||895,202
-
-|170,673
-
-|76,640
7,800
-|1,142,515
7,800
-|
||895,202|170,673|84,440|1,150,315|
||580,786
-|37,235
21,264|50,824
-|668,845
21,264|
||580,786
22,023
-|58,499
36,524
-|50,824
20,397
-|690,109
78,944
-|
||602,809|95,023|71,221|769,053|
||292,393|75,650|13,219|381,262|
||314,416|112,174|25,816|452,406|
All of the above assets are used for charitable purposes.
## 11 Debtors
|Debtors|||
|---|---|---|
|Trade creditors
Accruals
Deferred income (note 13)
Pension contributions creditor
Defined benefit pension liability (note 15)
Taxation and social security
Prepayments
Creditors: amounts falling due within one year
Trade debtors and accrued income|2022
£
385,252
21,963|2021
£
87,286
21,829|
||407,215|109,115|
||2022
£
55,142
46,534
965
7,389
31,470
177,899|2021
£
34,550
41,538
761
27,151
16,813
65,066|
||319,399|185,879|
## 12 Creditors: amounts falling due within one year
38
Mind In Tower Hamlets and Newham
Notes to the financial statements
## For the year ended 31 March 2022
## 13 Deferred income
Deferred income totalling £178k represents funding received prior to the financial year end relating to services to be delivered in the period commencing 1 April 2022 from Redbridge Adv (Sunflower Court) £29.2k, LEAP £29.0k, Transition project £2.8k, Workplace wellbeing £14.2k, Pemberton Barnes £8.0k, Clare House £5.5k, Pears Fund £39.0k, LBTH Infection control £6.5k and Redbridge Peer Support £43.7k.
|Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
Defined benefit pension liability
Creditors: amounts falling due after one year|2022
£
65,066
(65,066)
177,899|2021
£
69,420
(69,420)
65,066|
|---|---|---|
||177,899|65,066|
||2022
£
13,546|2021
£
80,140|
||13,546|80,140|
14 Creditors: amounts falling due after one year
The Pensions Trust advised in the last triennial valuation that MITHN are required to make annual contributions of £15,648 from April 2022 (2021: £27,151 from April 2021) with further payments set out in note 15 until August 2025, giving MITHN a total liability of £20,281 (2021: £107,291). Annual expenses have been included in the pension contributions this year of £8.3k (2021: 0).
## 15 Pension schemes
## SCHEME: TPT Retirement Solutions – The Growth Plan
The company participates in the scheme, a multi-employer scheme which provides benefits to some 638 nonassociated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 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 Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.
The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
39
Mind In Tower Hamlets and Newham
Notes to the financial statements
## For the year ended 31 March 2022
## 15 Pension schemes (continued)
A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:
## Deficit contributions
From 1 April 2022 to 31 January 2025: £3,312,000 Payable monthly per annum
Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies.
Note that the scheme’s previous valuation was carried out with an effective date of 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of £131.5m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:
## Deficit contributions
|From 1 April 2019 to 30 September 2025:||£11,243,000
per annum|(payable monthly and increasing by 3% each
year on 1st April)|
|---|---|---|---|
The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.
Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.
## PRESENT VALUES OF PROVISION
|PRESENT VALUES OF PROVISION||||
|---|---|---|---|
||31 March|31 March|31 March|
||2022|2021|2020|
||(£s)|(£s)|(£s)|
|Present value of provision (discounted)|20,281|107,291|127125|
## RECONCILIATION OF OPENING AND CLOSING PROVISIONS
|RECONCILIATION OF OPENING AND CLOSING PROVISIONS|||
|---|---|---|
||Period|Period|
||ending 31|ending 31|
||March 2022|March 2021|
||(£s)|(£s)|
|Provision at start of period|107,291|127,125|
|Unwinding of the discount factor (interest expense)|619|2,857|
|Deficit contribution paid|(27,151)|(26,360)|
|Remeasurements - impact of any change in assumptions|(466)|3,669|
|Remeasurements - amendments to the contribution schedule|(60,012)|-|
|Provision at end of period|20,281|107,291|
40
Mind In Tower Hamlets and Newham
Notes to the financial statements
## For the year ended 31 March 2022
## 15 Pension schemes (continued)
## INCOME AND EXPENDITURE IMPACT
|INCOME AND EXPENDITURE IMPACT|||
|---|---|---|
||Period|Period|
||ending 31|ending 31|
||March 2022|March 2021|
||(£s)|(£s)|
|Interest expense|619|2,857|
|Remeasurements – impact of any change in assumptions|(466)|3,669|
|Remeasurements - amendments to the contribution schedule|(60,012)|-|
|Contributions paid in respect of future service*|-|-|
|Costs recognised in income and expenditure account|-|-|
*includes defined contribution schemes and future service contributions (i.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defined contribution schemes. To be completed by the company.
||31 March|31 March|31 March|
|---|---|---|---|
||2022|2021|2020|
||% per annum|% per annum|% per annum|
|Rate of discount|2.35|0.66|2.53|
The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.
## SCHEME: TPT Retirement Solutions - The Growth Plan
The following schedule details the deficit contributions agreed between the company and the scheme at each year end period:
## DEFICIT CONTRIBUTIONS SCHEDULE
|Year 5
Year 2
Year 10
Year 6
Year 3
Year 4
Year 1
Year 7
Year 8
Year 9
Year ending
The non-discounted payments will be:|31 March
2022
(£s)
7,389
7,389
6,157
-
-
-
-
-
-
-|31 March
2021
(£s)
27,151
27,965
28,804
24,724
-
-
-
-
-
-|31 March
2020
(£s)
26,360
27,151
27,965
28,804
24,724
-
-
-
-
-|
|---|---|---|---|
||20,935|108,644|135,004|
41
Mind In Tower Hamlets and Newham
## Notes to the financial statements
## For the year ended 31 March 2022
## 16a Analysis of net assets between funds (current year)
|16a
Analysis of net assets between funds (current year)|16a
Analysis of net assets between funds (current year)|||||
|---|---|---|---|---|---|
|General
unrestricted
£
-
346,264
(13,546)
332,718
16b
General
unrestricted
£
-
242,428
(80,140)
162,288
17a
At 1 April
2021
Income &
gains
Restated
£
£
-
39,685
-
49,200
-
25,647
-
18,995
-
5,000
-
4,000
-
36,600
-
20,722
3,348
86,200
-
34,471
255,000
-
Total restricted funds
258,348
320,520
-
-
-
-
-
-
-
-
197,406
7,800
Total designated funds
197,406
7,800
General funds
242,428
2,716,775
(80,140)
59,205
162,288
2,775,980
359,694
2,783,780
618,042
3,104,300
Our Voice (Diversity and Inclusion), City
LBTH Infection Control
One place East
Safespace Café
Muslim Forum
Mums Matter
New Horizon - City Bridge
Net assets at 31 March 2022
Fixed asset funds
Pears Fund
Net assets at 31 March 2021
Unrestricted funds:
Big Lottery - LEAP
LBTH - Upskills
Analysis of net assets between funds (prior year restated)
Designated funds:
Long term liabilities
Tangible fixed assets
Net current assets
Excluding long term pension liability
Total funds
Total unrestricted funds
Long term pension liability
Total general funds
Building fund
Long term liabilities
Movements in funds (current year)
Restricted funds:
Tangible fixed assets
Net current assets
Maintenance and Renewals
IT Support costs
Staff contingency costs
NJC Uplifts beyond 2%||General
unrestricted
£
-
346,264
(13,546)|£
148,285
125,000
-
Designated|Restricted
£
232,977
-
-|Total funds
£
381,262
471,264
(13,546)|
|||332,718|273,285|232,977|838,981|
||||£
197,406
-
-
Designated|Restricted
£
255,000
3,348
-|Total funds
£
452,406
245,776
(80,140)|
|||162,288|197,406|258,348|618,042|
|||Income &
gains
£
39,685
49,200
25,647
18,995
5,000
4,000
36,600
20,722
86,200
34,471
-|Expenditure
& losses
£
(39,685)
(49,200)
(25,647)
(18,995)
(5,000)
(4,000)
(36,600)
(20,722)
(89,548)
(34,471)
(22,023)|Transfers
£
-
-
-
-
-
-
-
-
-
-
-|At 31 March
2022
£
-
-
-
-
-
-
-
-
-
-
232,977|
||258,348|320,520|(345,891)|-|232,977|
||-
-
-
-
197,406|-
-
-
-
7,800|-
-
-
-
(56,921)|40,000
15,000
55,000
15,000
-|40,000
15,000
55,000
15,000
148,285|
||197,406|7,800|(56,921)|125,000|273,285|
||242,428
(80,140)|2,716,775
59,205|(2,480,549)
-|(132,389)
7,389|346,265
(13,546)|
||162,288|2,775,980|(2,480,549)|(125,000)|332,719|
||359,694|2,783,780|(2,537,470)|-|606,004|
||618,042|3,104,300|(2,883,361)|-|838,981|
||||||42|
Mind In Tower Hamlets and Newham
## Notes to the financial statements
## For the year ended 31 March 2022
## 17b Movements in funds (prior year)
|Total restricted funds
Total designated funds
General funds
Mind MH Coronavirus Support
Building fund
Unrestricted funds:
Restricted funds:
Mums Matter
Connector Fund
Big Lottery - LEAP
LBTH - Upskills
Capital Investment Café
Designated funds:
Fixed asset funds
Excluding long term pension liability
Long term pension liability
Total general funds
Total unrestricted funds
New Horizon
Total funds|At 1 April
2020
£
-
-
-
-
-
-
-
263,714|Income &
gains
£
26,690
25,710
84,065
33,723
79,756
6,100
70,005
85,055|Expenditure
& losses
£
(26,690)
(25,710)
(80,717)
(33,723)
(79,756)
(6,100)
(70,005)
(8,714)|Transfers
£
-
-
-
-
-
-
-
(85,055)|At 31 March
2021
Restated
£
-
-
3,348
-
-
-
-
255,000|
|---|---|---|---|---|---|
||263,714|411,104|(331,415)|(85,055)|258,348|
||117,161|44,080|(48,890)|85,055|197,406|
||117,161|44,080|(48,890)|85,055|197,406|
||194,895
(101,174)|2,124,439
-|(2,049,755)
(6,117)|(27,151)
27,151|242,428
(80,140)|
||93,721|2,124,439|(2,055,872)|-|162,288|
||210,882|2,168,519|(2,104,762)|85,055|359,694|
||474,596|2,579,623|(2,436,177)|-|618,042|
Purposes of restricted funds:
Pears Fund. This project is a racial equity fund and supports the delivery of our anti racist strategy. The project works with BAME Muslim women to create safe spaces to talk about mental health and have access to mental health support services. The project mainly funds salaries.
Our Voice (Diversity and Inclusion). This grant allowed MITHN to develop our model inreach access and engagement for seldom heard communities in Redbridge and was part of our strategic objective to becoming Mind in Redbridge. This project has ended March 2022.
LBTH Infection Control. Funding was provided by LBTH for 1. Infection control - to put in place COVID-19 infection prevention and control measures, including those to support the resumption of services and 2. Rapid testing - to operationally deliver lateral flow testing.
One Place East. Funded Mum's matter in Redbridge and in-reach into diverse communities and develop people with mental health as peer leaders.
Safespace Café - Clarion Futures awarded a grant of £5k to enable us to open the cafe outside of normal working hours.
Newham Muslim Forum. This fund enabled us to develop a partnership with the Newham Muslim Forum, and build our connections within the Muslim Community.£4k of this fund was paid over to them and £1k allocated to us for management charges.
New Horizons. City Bridge have funded a post to support a peer led service in Tower Hamlets, improving access to health provision and reduce the risk of homelessness. All funding goes on direct costs i.e. salaries and wages
Mums Matter - This project works with Mums who are struggling with their mental health in the peri-natal period to build resilience and developing strategies to manage and improve their mental health, with a strong emphasis on peer support. All funding goes on direct costs i.e. salaries and wages.
43
Mind In Tower Hamlets and Newham
Notes to the financial statements
## For the year ended 31 March 2022
Purposes of restricted funds (continued)
LEAP project - Reaching Communities (Big Lottery) funded the LEAP project offering Peer Leadership Training opportunities as well as establishing a wide range of Peer Led groups across Tower Hamlets, Newham and Redbridge.
Upskill - In partnership with Working well Trust, we deliver the Upskill project that promotes access to work and supports people into training, work experience and work placements. All funding goes on direct costs i.e. salaries and wages.
Building fund - the balance above represents the long leasehold premises purchased by a restricted capital grant.
## Purposes of designated funds
Fixed assets funds represents the net book value of the tangible fixed assets acquired using unrestricted funds.
Maintenance and Renewals funds include costs that may be incurred for maintenance of premises operated by the charity.
IT Support costs includes provisions for purchase of additional/replacement IT equipment
NJC Uplifts we have budgeted for 2% inflationary uplift on salaries. If a higher level is awarded, we have designated funds to cover the additional cost.
Staff contingency funds include provisions for additional staff costs that could occur in the year e.g. maternity cover, long term sickness absence etc
## 18 Operating lease commitments
The charity's total future minimum lease payments under non-cancellable operating leases are as follows for each of the following periods
|the following periods|||
|---|---|---|
|Less than one year
One to five years|2022
2021
£
£
2,728
1,387
2,599
2,774
5,327
4,162
Equipment||
||5,327|4,162|
## 19 Legal status of the charity
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
44
Mind In Tower Hamlets and Newham
## Notes to the financial statements
## For the year ended 31 March 2022
## 20 Prior year adjustment
|Prior year adjustment||||
|---|---|---|---|
|Reserves position
Fixed Asset Adjustment
Capitalisation of Fixed assets
Depreciation for 2020/21
Fixed Asset Adjustment
Capitalisation of Fixed assets
Depreciation for 2020/21
Net movement in funds restated
Net movement in funds
Funds previously reported
Funds restated
Net movement in funds previously reported|Unrestricted
£
295,903
85,055
(21,264)|Restricted
£
258,348
-
-
31-Mar-21|Total
£
554,251
85,055
(21,264)|
||359,694|258,348|618,042|
||Unrestricted
£
85,021
85,055
(21,264)|Restricted
£
(5,366)
-
-
31-Mar-21|Total
£
79,655
85,055
(21,264)|
||148,812|(5,366)|143,446|
Prior year figures have been restated in relation to capitalisation of items purchased in 2020/21 for the cafe. Restricted funds were received in 2020/21 for the cafe works and the funds were fully spent in 2020/21. The items purchased in 2020/21 were expended but should have been capitalised. As a result of the prior year adjustment, these items have been capitalised as fixed assets and removed from expenditure. Depreciation has been charged in accordance with the accounting policy.
45