Company number: 2643905 Charity Number: 1006927 ## Mind in Tower Hamlets, Newham and Redbridge Report and financial statements For the year ended 31 March 2023 Mind in Tower Hamlets, Newham, and Redbridge ## Contents ## For the year ended 31 March 2023 Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 3 Independent auditor’s report ....................................................................................................... 26 Statement of financial activities (incorporating an income and expenditure account) ................... 30 Balance sheet ............................................................................................................................... 31 Statement of cash flows ............................................................................................................... 32 Notes to the financial statements ................................................................................................. 33 Mind in Tower Hamlets, Newham, and Redbridge ## Reference and administrative information ## For the year ended 31 March 2023 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|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 (stood down 10 May 2023)| ||Vandana Siney|Chair (appointed 10 May 2023)| ||Ajay Aggarwal|Vice Chair (resigned 11 May 2023)| ||John Whitehead|Chair HRGSC (stood down 11 January 2023)| ||Jonathan Rae|Treasurer| ||Grant Martin|Trustee (appointed 10 May 2023)| ||Nick Aellen|Trustee| ||Holly Taylor|Trustee (resigned 25 August 2022)| ||Dimitrios Goumenos|Trustee| ||Fernan Flores|Trustee (resigned 19 July 2022)| ||Lisa McLean|Trustee| ||Jane Oldfield|Trustee| ||Stephanie Rogers|Trustee| ||Max Woolfson|Trustee| ||Asif Dhanani|Trustee| ||Afiya Begum|Trustee (appointed 04 May 2022)| ||Samantha Uwadiae|Trustee (appointed 03 August 2022)| |Company Secretary|Michelle Kabia|(resigned 04 August 2023)| ||Joanna Boldeau|appointed as Interim CEO from 04 August| |||2023)| |Key management|Michelle Kabia|Chief Executive Officer (resigned 04 August| |||2023)| |Personnel|Joanna Boldeau|Deputy CEO (appointed 1 July 2022),| |||Stood down as Operational Director 30 June| |||2022| ||Shahan Islam|HR and Governance Director| ||Rehana Abbasi|Finance Director| ||Fiona Scaife|Operational Director| ||Linsley Benjamin|Operational Director| 1 Mind in Tower Hamlets, Newham, and Redbridge ## Reference and administrative information For the year ended 31 March 2023 Shelu Miah Operational Director Chandni Sidhpura Operational Director (Resigned 31[st] May 2023) Ram Attapatto Head of ED&I (appointed 01 April 2023) 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 2 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 The Trustees present their report and the audited financial statements for the year ended 31 March 2023. 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. 3 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 ## Foreword by Chair and CEO We are delighted to present our Annual Report for 2022-2023 on behalf of the Board of Trustees of Mind in Tower Hamlets, Newham, and Redbridge (MindTHNR). As part of the national Mind federation, MindTHNR transforms lives through operating a range of mental health support, advice, and information services, talking therapy, advocacy and employment services in Tower Hamlets, Newham Redbridge, and Havering. We have supported over 11,778 people during the last 12 months representing a 47% increase in client contacts. Our work has a direct impact on our clients as well as their friends, families, colleagues, and the wider community. This year we were delighted to gain formal permission from Mind and the Charity Commission to extend our area of benefit to include Redbridge and surrounding areas. In February, we formally changed our organisational name to Mind in Tower Hamlets, Newham, and Redbridge. We have also formally created an alliance – Mind in North East London - with Mind in Hackney, City and Waltham Forest and Mind in Havering, Barking and Dagenham. This has enabled us to develop North East London Integrated Care Board (ICB) wide services across the 8 North East London Boroughs including the Suicide Prevention Service – Safe Connections and the Peer Support Services in North East London Foundation Trust (NELFT). We have refreshed our 5-year strategic plan to incorporate new and impactful developments which were not included in the original plan, these includes: Responding to the Covid-19 pandemic, young people, influencing the transformation of mental health services across our boroughs, tackling poverty and the impact of the Cost-of-Living Crisis on people with mental health and finally addressing inequality and inequity of services for people from racialised and marginalised communities. 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. 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. 4 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report ## For the year ended 31 March 2023 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 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 Vandana Siney Chair Joanna Boldeau CEO 5 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 ## Objectives Following a legal name change our objectives have been updated to: 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, the London borough of Redbridge and surrounding boroughs (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 ## Legal Name Change and Rebranding We are delighted to report that following a decision to legally change our name we took steps to initiate this. Having completed many stages in this process, we eventually achieved this in February 2023 and now operate as Mind in Tower Hamlets, Newham, and Redbridge. This change has further strengthened our position and presence in Redbridge. This is a great result, bringing together our operations from three boroughs under the same banner. Following on from this our logo has changed and now includes Redbridge. This has led to a programme of activity to complete the re-branding of any documents, contracts, social media platforms, website and promotional and marketing materials and ensure that all reflect our new logo and name. 6 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 The charity's main activities are described below. All its charitable activities focus on the development of services for clients residing in Tower Hamlets, Newham and Redbridge and neighbouring boroughs who suffer mental health distress and/or emotional needs. These charitable activities are undertaken to further Mind in Tower Hamlets, Newham, and Redbridge’s charitable purposes for the public benefit. During the year we campaigned to challenge discrimination and reduce stigma around mental health working with Mind, the London boroughs of Tower Hamlets, Newham Havering and Redbridge, and other partner agencies. ## 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 and Redbridge, and the surrounding North East London boroughs. During the year we have amended our governing documents to represent our change of name to Mind in Tower Hamlets, Newham and Redbridge and widen our geographic reach to include Redbridge and surrounding areas. These charitable activities are undertaken to further Mind in Tower Hamlets, Newham, and Redbridge’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 in Tower Hamlets to access community mental health support, advice, and information. Our team supports people to navigate through their mental health issues and connect to wider resources in the borough. 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 by the local authority. During 2022 - 2023 we saw the impact of the pandemic on local residents in Tower Hamlets through the increase in access to the service, with over 3,000 people accessing one or more elements. This represents a 50% increase in access and engagement. 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. We have trained over 30 lived experience experts and worked with almost 100 people with lived experience to shape and design services, as well as influence our wider systems. The main elements that the service delivers are: 7 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report ## For the year ended 31 March 2023 - 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 our groups are led by lived experience experts who have been trained and supported to develop their own groups. 100% of our groups and activities are co-produced. - Get Active Get Involved – providing opportunities for people who have used our services to codesign and co-deliver services and to influence borough-wide mental health and wellbeing strategies and services. Our teams have showcased their journeys, shared their experiences, and worked with us on finding solutions as well as leading a ‘listening’ programme across Tower Hamlets and Newham on health and mental health inequalities. - Peer Leadership training – we train lived experience experts in leadership and facilitation skills, with the aim of supporting people to have a voice in the local community, influence how services are delivered and lead in a way that is meaningful to them. Many of the leaders we train go on to develop their own groups and activities within the community. Our project has built on our model of in-reach, access and engagement for communities that are often not able to access mental health and wellbeing support and often suffer alone in silence. ## Our Voice – The Sakinah Project The Sakinah Project, is designed by diverse Muslim women for diverse Muslim women and builds on our aim to deliver bespoke culturally safe and appropriate mental health services. We work closely with faith centres and educational institutions to set up and support safe spaces for women to learn, grow and access support as well as creating sustainable solutions within their community. This network of women, spans across Tower Hamlets, Newham, and Redbridge and in 2022/23, the network hosted a number of events in the community for International Women’s Day and a coproduced women’s retreat. The project has worked with over 400 women to date, providing peer support groups and 1:1 support and has increased awareness of mental health in a community that faces lack of parity of access. The project is funded until November 2023 and securing ongoing funding for this project is a priority. We worked with Flexible Films to produce a short film of the voices of women in the project, which has been shared across our borough and at the National Mind Conference. We have trained 12 women who have accessed Sakinah as peer leaders. They are now having a wider impact on their community through setting up their own groups and support networks. Our aim is that this model of in-reach, access and engagement as a culturally competent and culturally safe service can be replicated for communities who are often not able to access mental health support. 8 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 ## New Horizons Funding provided by City Bridge Trust has enabled MindTHNR to set up the New Horizons service. This service works 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. Our work has supported over 100 Tower Hamlets residents who are or have experienced homelessness to develop a community of support. Our 1:1 coaching model has successfully supported people to set their own goals and take steps to achieve them. The project has benefited the lives of clients by supporting many into education and employment opportunities, worked with the complexities of mental health and housing needs in the borough and supported clients to thrive despite the challenges of COVID-19 and the rising cost of living. ## Community Suicide Prevention Hub – Safe Connections Our Safe Connections Community Hub provides a soft place to fall for people across North East London (NEL) who are concerned about or struggling with thoughts and feelings of hopelessness and suicide. The Hub has developed during the period of 2022/23 to deliver increased placed based support through reaching into communities. The service targets people who are not known to mental health services across the eight NEL boroughs and is a partnership with two other local Mind associations as Mind in East London. The service has grown offering peer support groups and workshops for communities most at risk, working closely with the Safe Connections App to ensure the community have access to the right support at the right time. The service has recently secured additional funding to support an increase in access and uptake of the hub and app. ## Talking Therapies Partnership in Tower Hamlets and Newham We offer talking therapies within both Tower Hamlets and Newham. We deliver our counselling services in partnership with East London Foundation Trust (ELFT). We deliver over 10,561 hours of counselling every year to over 2,700 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 counselling, complex bereavement counselling, bereavement support for people with learning disabilities and autism, drop-in peer support groups and group therapy. The service is accredited by the British Association for Counselling and Psychotherapy (BACP) and is delivered by paid and volunteer counsellors. In 2022/23 this service supported 377 people to cope with grief and loss by providing one-to-one and group counselling sessions. ## 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 of the mental health transformation programme, are working in an integrated way within the neighbourhood 9 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report ## For the year ended 31 March 2023 teams across Redbridge to provide a recovery focused support service for people experiencing common and severe mental health issues. Originally funded from November 2021 to November 2023, our effective work in this area has enabled us to successfully secure an extension to the contract to run until September 2024. 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. Our growing partnership with NELFT in Redbridge has resulted in the establishment of an additional role in the borough, the rapid peer support worker which is 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. We have recently been successful in securing an extension to the contract to run for a further 6 months, with scope for this to be extended further depending on research data findings. ## Advocacy Services Our advocacy services are delivered in the community and care homes and within mental health units and other hospital settings enabling people to be empowered to be involved in, and influence, decisions being made about them with regards to their treatment and support. The service enables people to secure their rights, to safeguard individuals, to obtain access to the services they believe they need, and to make informed decisions. Our advocacy services include the Independent Mental Health Advocacy Service in Tower Hamlets the Newham Adolescent Advocacy Service, the Newham NHS Complaints Advocacy Service, and the Havering Statutory Advocacy Service. We have continued to provide an independent voice as part of the North East London Foundation Trust’s (NELFT) Transformation plan and have engaged with our stakeholders and local communities to inform them of their right to advocacy so that their voice is heard. The advocacy service supported over 1,500 individuals over the last year including 357 people detained under the Mental Health Act, with 105 young people receiving advocacy, as well as supporting nearly 350 Newham residents to access the NHS complaints process. 10 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 ## Employment / Advice and Information The impact of the pandemic on people in Tower Hamlets, Newham, and Redbridge, continues to be felt through job insecurity, risk of potential redundancy, and economic disadvantage. We are committed to working with our clients to increase their wellbeing and career opportunities by enabling access to and success in paid employment through the development of social enterprise, training, placement, and supported employment. ## Upskill Employment Service 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 2022/23 this project supported 240 Tower Hamlets residents with mental health issues. One hundred people successfully accessed training or education, fifty successfully accessed voluntary work, and sixteen were supported into paid employment. ## IPS Service 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 2022/23 this service has worked with 165 people and supported 42 people into paid work in and around Newham. This consists of a diverse range of job roles including college lecturer, data analyst, retail assistant and teaching assistant. ## Tower Hamlets Talking Therapies Employment Service The Tower Hamlets Talking Therapies Employment Service is commissioned by the Department of Work and Pensions and is subcontracted to MindTHNR by the East London Foundation Trust. This was the fourth year the service has been delivered by MindTHNR. We operate one of the largest teams of its kind in London and the only service of its kind that is accredited by the nationally recognised quality mark for Advice and Guidance service – The Matrix Standard. We offer clients accessing Talking Therapies an opportunity to improve their recovery by supporting them with employment difficulties through person centred one-to-one sessions. The service supports clients ranging from senior executives to first time job seekers and those who are long-term unemployed to find and retain work. In the last year we supported over 989 unique clients and delivered over 4,000 sessions. As a result of our performance a special visit was made by Tom Pursglove, the MP for Disabled People, and his team to discuss the impact of employment on health for disabled people in Tower Hamlets. In addition, this year we have been awarded further funding to recruit an additional two employment advisors to expand our work in this area. ## Anti-Racism and Anti-Discrimination In October 2022, we launched our strategic objective to ensure we are an anti-racist organisation. This is not a tick box activity for us. We know that this is not any easy task, but we are committed 11 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report ## For the year ended 31 March 2023 to developing and delivering a clear strategy. Our vision 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 do not limit access to our diverse, racialised and marginalised communities and to ensure that they have equity in accessing, experience and outcomes within mental health services. Over the last 12 months we have: - Embedded Cultural Competencies into our organisation. - Continued our Quality Improvement work with the Advancing Mental Health Equality (AMHE) programme working with the Royal College of Psychiatry, NHS trusts and local mind associations across the country to improve access, experience and outcomes of communities who are often not able to receive the support for their mental health in ways that are meaningful to their identity and needs. - Recruited a Head of ED&I to ensure our approach is embedded into our culture and people. 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. - Continued our exploration of our data, identifying the gaps in services and which communities are not accessing our services, as well as identifying solutions from within communities. 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 Planning Mind in Tower Hamlets, Newham and Redbridge operates 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 strategic plan was launched. Throughout the last 12 months we have hosted a range of strategic events with trustees, staff, and beneficiaries to ensure that our strategic plan is representative of the needs of our community and our strategic objectives. Our Strategic Plan has been refreshed in order to cover key developments including the cost-of-living crisis, working with young people and the transformation of mental health services. We are focused on delivering services where we have the expertise and capabilities to benefit those with mental health issues in Tower Hamlets, Newham Redbridge, and neighbouring boroughs. Our broad experience and record for delivering high quality services enables 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 12 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report ## For the year ended 31 March 2023 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 work around health equity amongst marginalised communities. This has been aided through securing additional funding that supports inclusion and diversity programmes. ## Strategic Objectives Following a series of strategic events involving staff and trustees, we reviewed and refreshed our strategic objectives: ## Strategic Pillar 1- Our Services: Seamless Quality across the Board We will deliver services of the highest quality and provide support to those that need us the most. To achieve this, we: - A) Maintain high-quality services across all our service areas. - B) Expand the geographical reach of our current services where appropriate. - C) Develop new and innovative services to meet the needs of our clients and new communities - D) Be an influential leader in the Transformation of Mental Health Services across North East London. - E) Support young people (14-25yrs) – with a focus on trauma and transition. - F) We will fight for the mental health of people living in poverty. - G) Improving health equity for people with mental health. - H) We will continuously review our services and effectiveness. ## Strategic Pillar 2 - Our Voice We will champion an authentic voice in mental health conversations, actively working with people with lived experience to ensure that they have a voice, are listened to, and can influence their support provision. ## To achieve this, we: - A) Are becoming an Anti-racist and Anti-discrimination organisation. - B) Embed co-production across all our work and services. - C) Engage with local grassroot, faith and community services to ensure that no-one faces mental health alone. - D) Targeted work to reduce stigma and discrimination faced by different communities. - E) Develop our Peer Support and Peer Leadership models. ## Strategic Pillar 3 - Our Community We will nurture and expand our network through formal and informal partnerships and engagements with local organisations. ## To achieve this, we: A) Increase the scope and effectiveness of our partnership working. 13 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 - B) Take a strong role in the development of Mind in London. - C) Engage with a wider range of local organisations. - D) Work collaboratively with corporate partners. ## Strategic Pillar 4 - Our Capacity We will grow our organisation sustainably to reach more people who need our help. We are an ambitious charity. To achieve this, we: - A) Maintain our financial health and diversity of income sources. - B) Maximise staff wellbeing. - C) Develop our digital capacity and strategy. - D) Work with local organisations to raise awareness of mental health and workplace wellbeing. - E) Improve our working environment. - F) Be an employer of choice. - G) Build our community activism and growth. ## Click on this link to read our Strategic Plan in full. https://view.pagetiger.com/MINDTHNR-Strategic-Plan-2019-24/MINDTHNR-Strategic-Plan2019-24 ## New Strategic Projects ## Mental Health Transformation - Community Connectors As part of NHS England's transformation of mental health services we are pleased to be a third sector provider working in partnership with ELFT and NEFLT to deliver integrated communityfocussed mental health support. This programme represents an integral part of the wider area of work delivered by NHS England which supports the Transformation of Mental Health Services agenda across Newham and Tower Hamlets working with Primary Care Networks and the East London Foundation Trust in both boroughs to provide support to people with a ‘focus on what matters to the individual’, providing support which goes beyond health goals to life goals, delivering support which is closer to home, connecting people to each other and their communities’. Underpinning our work in this area involves: - Our commitment to work in partnership with our service users to assist in their recovery. - Actively challenging stigma associated with mental ill health. - Raising awareness of the importance for everyone to look after their mental wellbeing. ## Tower Hamlets Community Connectors Our Community Connectors focus on Network 9 which is a part of the Stepney and Wapping Community Mental Health Team (CMHT). This is a multi-disciplinary team of health care professionals that includes social workers, nurses, GPs, employment advisors, psychiatrists, and 14 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 social prescribers. The role of Community Connectors is to help people with serious mental health issues to be able to thrive by facilitating quick and easy access to appropriate support. In partnership with their multi-disciplinary team, Community Connectors offer help to: - Identify support needs. - Receive a multi-disciplinary team care plan. - Reduce social isolation. - Access benefits and housing advice - Receive emotional support. - Access employment support. In total the service supported 158 clients delivering 660 sessions. We are also piloting new ways of support with the Older Adults CMHT to deliver and develop an integrated way of working with people over 65. We are doing this by increasing access to support through our older adult’s connector worker, as we know that older adults with mental health are at higher risk of isolation, loneliness, and poor physical health in later life. ## Newham Community Connectors Launched in June 2022, The Newham Community Connector programme is an exciting innovative partnership with Community Links, Aston Mansfield, and East London NHS Foundation Trust. Our team of connector workers provides support which goes beyond health goals to life goals, delivering support, which is closer to home, connecting people to each other and their communities. Our Community Connectors work as part of a multi-disciplinary teams creating pathways of support for service users and are the ‘glue,’ linking service users in with experts and local assets, as well as supporting work in partnership with external stakeholders to complement interventions. ## Tower Hamlets Talking Therapies Equity Project In 2022/23 MindTHNR were successful in their bid to deliver a QI project in partnership with East London Foundation Trust and Tower Hamlets Together. The project is in its infancy, but we have trained one member who is now a QI leader. Our Equity QI project has a focus on identifying barriers that Bangladeshi clients experience in accessing Talking Therapies in Tower Hamlets with an aim to improve the recovery rates for this population. This is an exciting new project that aligns with our ambitions for equity for communities that often experience lack of parity of access in mental health. ## Volunteers Mind in Tower Hamlets, Newham and Redbridge 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 15 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 purpose. Trustees devote a considerable amount of their time each year to attend meetings and to support the organisation. In 2022/23 we began our journey to become an accredited Investors in Volunteers employer – a nationally recognised quality mark for those employing volunteers. 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, plan support services with staff and facilitate 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 is equivalent to over 6 full time equivalent staff. ## Apprenticeships MindTHNR has worked in partnership with Tower Hamlets Council to deliver a six-month Health Care Apprenticeship programme. We were successful in our bid to secure five full time paid apprentices from Tower Hamlets Council who provided much needed support to our Tower Hamlets Employment Service, Newham Bereavement Service, Safe Space Café, Tower Hamlets Talking Therapies and Tower Hamlets Advocacy Service. ## Micro-Internship Programme In March 2023, we took on four interns via Queen Mary University’s Micro-Internship Programme to support our HR and Finance Departments. We are pleased to report that this has resulted in us being able to take three of them on as volunteers to support our HR and Finance functions. ## Protection of vulnerable people and other members of the public Mind in Tower Hamlets, Newham and Redbridge is 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. 16 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 ## Financial Review In the financial year to 31 March 2023, Mind in Tower Hamlets, Newham, and Redbridge had a total income of £3,305,278 (2022: £3,045,095), representing a 9% increase in income. Total expenditure was £3,381,870 (2022: £2,883,361), an increase of 17%. This resulted in an operating deficit for the year of £76,592 (2022: surplus of £161,734). This operating deficit primarily reflects a significant cost of living uplift awarded to staff in the year, as well as a catchup award in respect of the prior year, in accordance with uplifts to the NJC pay scales which our employment contracts are aligned with. Excluding amounts funded by designated and restricted reserves including depreciation and the one-off salary uplift in relation to the prior period, the charity recorded a surplus of £2,076 (2022: £236,065). This is the basis on which the senior leadership and trustees monitor financial performance of the charity. Our unrestricted funds have reduced by £54,569 to £551,435 (2022: £606,004). We have designated reserves of £238,385 (2022: £273,285) comprising £113,385 (2022: £148,285) to cover the depreciation of our fixed assets which are not otherwise covered by restricted funds and £125,000 (2022: £125,000) of allowances for potential costs identified. This leaves general unrestricted funds at £313,050 (2022: £332,719). 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 delivering an expanding range of high-quality services to our clients. We are committed to continually reviewing and improving our financial policies, 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 position and performance. ## Going Concern 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 most significant challenge to the financial sustainability and performance of the charity is the impact of elevated inflation levels which translates to higher operating costs, particularly employment costs, which is MindTHNR’s largest area of expenditure. The senior leadership team 17 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 and Trustees are managing the exposure to this risk by seeking commensurate increases in income levels for each service as well as maintaining tight cost control. A review of these cash flow projections by the Trustees and assessment of financial and operating risks of the charity 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. 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, Newham and Redbridge 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, Newham and Redbridge is acutely aware of the need to sustain its viability in the medium to long term. The Trustees consider it prudent to maintain an unrestricted level of reserves which will enable it to fulfil its contractual obligations. In accordance with the charity’s Reserves Policy, the Trustees are committed to building sufficient unrestricted reserves 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 MindTHNR’s operations (e.g., uninsured repairs and maintenance work to the buildings operated by MindTHNR). Based on the budget for 2023/24 the Trustees have calculated a reserves target (as described above) of £454,024 to cover 25% shortfall in central costs of c. £908,047 pa for two years plus £40,000 being the Trustees’ assessment of a reasonable allowance for other unforeseen expenditure – totalling £494,024. 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 £444,207 (2022: £471,265). This is equivalent to 90% 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. 18 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 ## 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, considering 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. 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. ## 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 considers 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. 19 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 ## Structure, Governance and Management ## Governing Document Mind in Tower Hamlets, Newham, and Redbridge (“MindTHNR”) (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. These articles were amended in March 2023 following a legal name change in February 2023. ## Charity Governance Code In July 2017, a group of charity and governance associations introduced the new Charity Governance Code (CGC) 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. Following new additions to the CGC in February 2020, the Trustees and management set up a working group in July 2022 to review and benchmark MindTHNR’s governance standards against the recommended practices included within the Charity Governance Code. 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 now in place 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. Key activities for further work have been prioritised including review of key policy documents and Principle 6, integrity, and equality, diversity, and inclusion. This work is being undertaken via a Working Group consisting of Trustees and senior management and aligned to organisational ED&I objectives. ## 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 MindTHNR. 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 20 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 - Identifying potential Trustees - Selection process - Induction A working group was formed earlier this year to agree the process and oversee the recruitment of key honorary officer roles for Chair and Treasurer. The recruitment campaign was a success and led to the appointment of a new Chair and Trustee Treasurer in Waiting role. In 2019 we developed the HR and Governance Sub-Committee comprising of a Chair and Trustee members to support the development of our organisation and our governance. The Terms of Reference was reviewed and approved in 2023, following changes across two key areas: introduction of the recruitment process for the HRGSC Chair and HRGSC functions being more governance based. This committee continues to grow in strength and meets four times a year. It has led to the development of the Trustee and SLT Working Group that puts forwards recommendations to the HRGSC for approval. 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. 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 and Senior Leadership Team. 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 CEO, senior management, and staff. As part of the skills audit, the training needs of new Trustees are built into a training programme. The Chair or other nominated Trustee monitors the progression of new Trustees, to ensure that they: 1. Are fully aware of their role and responsibilities. 2. Are informed about the organisation to meaningfully input into discussion. 3. Identify and address training needs. 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 Connecting Minds Trustee Newsletter and subscribed to Civil Society News to receive regular 21 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 circulation of their monthly bulletin. All Trustees are required to become members of either the FSC or HRGSC Committees. ## Related Parties and Relationships with Other Organisations Mind in Tower Hamlets, Newham and Redbridge is affiliated to National Mind. We are committed to working in partnership with other providers. This is a significant component of our strategic plan, 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, Newham, and Redbridge 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 Performance Review which outlines their performance against their key objectives in their job description. Earlier this year we reviewed and updated the review to simplify the process whilst at the same time adding 360 feedback. ## Statement about Fundraising Practice Mind in Tower Hamlets, Newham and Redbridge 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 offer of 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, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 ## 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, Newham and Redbridge’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 CEO and Finance Director monitor the fundraising activities undertaken by third parties on a dayto-day basis while a fundraising sub-group monitor these periodically. 23 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 ## Statement of Responsibilities of the Trustees The Trustees (who are also directors of Mind in Tower Hamlets, Newham, and Redbridge 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. 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 2023 was 15 (2022: 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. 24 Mind in Tower Hamlets, Newham, and Redbridge ## Trustees’ Annual Report For the year ended 31 March 2023 ## 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 1 November 2023 and signed on their behalf by Vandana Siney Chair 25 Independent auditor’s report To the members of Mind in Tower Hamlets, Newham, and Redbridge ## Opinion We have audited the financial statements of Mind in Tower Hamlets, Newham, and Redbridge (the ‘charitable company’) for the year ended 31 March 2023 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 2023 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, Newham, and Redbridge'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. 26 Independent auditor’s report To the members of Mind in Tower Hamlets, Newham, and Redbridge ## 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. 27 Independent auditor’s report To the members of Mind in Tower Hamlets, Newham, and Redbridge ## 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 sub-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. 28 Independent auditor’s report ## To the members of ## Mind in Tower Hamlets, Newham, and Redbridge - 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) ## Date: 9 November 2023 for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL 29 Mind In Tower Harnlet5, Newham and Redbridge Statement of financial aCtI￿tieS lincorporating an income and expenditure aicountl For the ar ended 31 March 2023 2023 Total Unre5triited 2022 Total Restricted Note Income from.. Donations and legacies 12,683 12.683 27,415 27,415 Support Services Community ProJecr5 Advocaiy Projects Employrnent, advice & information Investrnent iniome Other Iniome 1,604,547 159,569 1,764.116 181.167 470.685 835.982 3.634 37.01 ,521,465 199,849 86,200 86,200 463,836 732,031 67 14,232 470,685 801,507 3,634 463,836 697,560 67 14,232 3d 34,475 34,471 Total income 2,930,067 375,211 3,305.278 2,724,575 320,520 3,045,095 Expenditure oTr-. Support Services Community ProJell5 Advocaiy Projects Employment, advice & information 1,716,492 189,399 167,176 1,905.891 167.176 577.547 731.256 1,431,397 219,314 90,013 1,650,711 90,013 493,387 649,251 577,547 690,597 493,387 612,687 40,659 36,564 Total expenditure 2,984,636 397,234 3,381.870 2,537,470 345,891 2,883,361 Net income Ilexpenditurel for the year 154,569 122,0231 176,5921 187,105 161,734 Net income I lexpenditurel before other recognised gain5 and losses 154,569 122,0231 176,5921 187,105 161,734 Pension adjustment 59,205 59,205 Net movement in funds 154,569 122,0231 176,5921 246,310 220,939 Reconciliation of funds= Total fund5 brought forward 606,004 232,977 838.981 359,694 258,348 618,042 Total funds carried forward 551,435 210,954 762.389 606,004 232,977 838,981 All of the abtwe re5uIt5 are derived frDm cDntinuing activitie5. There were no other recogn15ed gain5 or1055es other than those Stated above. Movements In fund5 30 Mlnd In Tower Hamlets. Newham and Redbrldge Balance sheet As at 31 March 2023 Company no. 2643905 2023 2022 Note Flxed assets.. Tangible assets 324.339 381,262 324.339 381,262 Current assets: Debtors Cash at bank and in hand 67,914 698,363 407,215 383,448 766,277 790,663 Creditor5. amounts falling due within one year 1322,070) 13 19,3991 Net current assets 444.207 471,264 Total assets less current Ilabllltles 768.546 852,526 Creditors.. amounts falling due after one year 16,157} 113,5461 Total net assets 762.389 838,981 The funds of the charlty: Restricted income funds Unrestricted income fund5". Designated fund5 General fund5 Excluding long term pension liability Long term pension liability 210.954 232,977 238,385 273,285 319,207 16,1571 346,265 113,5461 General funds including long term pension liability 313,050 332,719 Total unrestricted funds 551.435 606,004 Total charlty funds 762.389 838,981 Approved by the trustees on l November 2023 and signed on their behalf by Vandana Siney Chair Jonathan Rae Treasurer 31 Mind In Tower Hamlets, Newham and Redbridge Statement of cash flows For the ear ended 31 March 2023 Reconciliation of net expenditure to net cash flow from operating activities 2023 2022 Net Income I lexpenditurel for the reporting period (as per the statement of financial activities) Depreciation charges Dividends. interest and rent from investments Decreasellincrea5el in debtors IDecrea5ell increase in creditors Gain5 from pension valuation 176,5921 161.734 73,772 13,6341 339,301 14,7181 78.944 1671 1298,1001 66,926 59,205 Net cash generated from I (used inl operating activities 328,129 68.642 Note 2023 2022 Cash flows from operating activities Net cashflow generated fromllused inl operating activities 328,129 68.642 Cash flows from investing activities.. Dividends, interest and rent5 from investment5 Purchase of fixed a55ets 3,634 116,8501 67 17,8001 Net cash used in investing activities (13,2161 17,7331 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 314,915 383,448 60.909 322.540 Cash and cash equivalents at the end of the year 698,363 383,448 32 Mind In T¢)wer Hamlet5. Newham and Redbridge Note5 to the financial starement5 l Accounting policies al Staruiory informarion Mind In Tower Hamlets, Newham and Redbridge is a charitable company limited by guarantee and is incorporated in the United Kingdom. The registered office address 15 Open House, 13 Whitehorn Street, London, E3 4DA. bl Basis of preparation The financial statements have been prepared In accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Iharities preparing their aicounts in aciordance with the Finaniial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP FRS 1021, the Financial Reporting Standard applicable In the UK and Republii of Ireland IFRS 1021 and the Companie5 Act 2006. note. c) Public benefit enriry The Iharitable iompany meets the definition of a public benefit entity under FRS 102. dl Going concern After comprehensive sirutiny the charity with agreement from the trustees honoured the national NJC uplifts in 2022 and an additional uplift of .75% backdated to April 2021 Ifrom designated reserves) to staff. This resulted In the annual result being a deficit. Uplifts were requested from the Service providers who agreed and Inireased funding to sustain the addtional cost for future years. However, the trustees acknowledge that the current level of reserves remains below the target level per the charity's reserves poliiy. The trustees remain foiused on maintaining 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. el Income Recognition of Income take5 place in accordance with applicable accounting policies and re5uIt5 are presented In accordance with SORP & FRS 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 reserve5. 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, 15 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 fund5, any performance condition5 allached 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 seNices in kind Donated professional Se￿iCe5 and donated facilities are recogni5ed 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 eionomic 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 15 then reduced over the useful economic life of the a55et in line with it5 depreciation. On reieipt, donated gifts, professional services and donated faiilities are recognised on the basis of the value of the gift to the Iharity which Is the amount the charity would have been willing to pay to obtain services or faiilities of equivalent economic benefit on the open market.. a corresponding amount Is then recognised In expenditure In the period of receipt. The value of service5 provided by general volunteer5 has not been included In the Statement of Financial Activities. gl Interest receDiable 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 accounring Restriaed funds are to be used for specific purpose5 as laid down by the donor. Expenditure which meet5 these criteria Is charged to the fund. Unrestricted general fund5 are donations and other incoming re50urce5 received or generated for the charitable purposes. The Ceneral fund has to provide for the net defiiit of any activities that have Inadequate income of their (wn and for the central operating costs of the charity. Designated funds are unrestricted funds earmarked by the trustees for partiiular purpose5. 33 Mind In T¢)wer Hamlet5. Newham and Redbridge Note5 to the financial starement5 l Accounting policies Iconrinuedl il 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 a5 Mind In Tower Hamlets and Newham Is not currently VAT registered. Expenditure Is classified under the following activity heading5.' Expenditure on charitable activities includes the costs associated with delivering the main objectives of the charity and Include both the Support costs are those costs Incurred whiih are not directly an output of the charitable activity. Governance c05t5 are the cost5 a550Clated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and Include any costs a550ciated with the strategic management of the charity's activities. jl Allocation of supporr cosrs Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the c05t 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 k) Tangible fixed a5sers Items of equipment are capitalised where the purchase price exceeds ET,500. Depreciation iosts are allocated to activities on the basis of the use of the related assets In those aitivities. Assets are reviewed for impairment if Iircumstanies indicate their carrying value may exceed their Depreciation Is provided at rates caliulated 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 premise5 Fixtures & equipment Computer equipment 45 years 25% on c05t 25% on c05t 11 Debrors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayment5 are Valued at the amount prepaid net of any trade discounts due. ml 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 le55 from the date of aiquisition or opening of the deposit or similar account. n) Creditors and provisions Creditors and provisions are recogni5ed where the charity ha5 a present obligation resulting from a past event that will probably result in tke 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. initially recognised at transaction value and subsequently measured at their selllement value with the exception of bank loans which are subsequently measured at amortised lost using the effective interest method. ol Pensions The Iharity operates two pension schemes, the first being a multi employer pension scheme on behalf of Its staff. It Is not possible to The charity has recognised its committed liability for past se￿iCe deficit5 for this scheme and these are noted as a liability on the balance sheet and as a long term pension liability re5eNe. This scheme is now c105ed 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 a5 they 34 Mind In T¢)wer Hamlet5. Newham and Redbridge Note5 to the financial starement5 2 Income from donation5 and legacie5 2023 Total Unrestricted 2022 Total Restricted Restricted Donations and fundraising Membership subsiriptions 12,608 75 12,608 75 27,360 27,360 Total Income from donations and legacie5 12,683 12,683 27,415 27,415 3 Income from charitable acti￿rIeS 2023 Total Unrestricted 2022 Total Restricted Restricted Pear5 Fund Clare House 36,322 36,322 5,475 39,685 39,685 27,373 49,200 25,647 18,995 5,573 5,000 130,998 5,475 27,373 49,200 25,647 18,995 5,000 4,000 L￿[H Infeition Control One Place East Safespaie Café Muslim Forum Suicide Hub STR Workers Redbridge Peer Support Workers Workplaie Wellbeing Transltion project (day care closurel London Borough of Newham Coun5elling Newham Tower Hamlets Talking Therapies London Borough of Tower Hamlets- Connecting Communities New Horizon Mums Matter Newham Bereavement se￿iCe CAF Our voices Rapid study with Mind ELFT Talking Therapies IN￿ and THrn (hher income from support 5eNices projects 18,995 18,995 573 1,000 130,998 T 70,369 45,746 177,837 23,219 8,521 9,044 49,388 170,369 45,746 177,837 23,219 8,521 9,044 49,388 58,259 30,000 25,563 54,264 296,327 58,259 30,000 25,563 54,264 296,327 608,821 608,821 34,933 4,999 135,000 33,333 30,987 347,344 23,783 596,614 596,614 36,600 20,722 146,480 City Bridge 34,933 4,999 36,600 20,722 35,000 146,480 33,333 30,987 347,344 23,783 35,075 35,075 al Sub-total for suppon 5eNice5 1,604,547 159,569 1.764,116 1,521,465 199,849 Big Lottery- LEAP Tower Hamlets Community Connectors Newham Community Connectors bl Sub-total for Community Projecr5 29,009 38,866 29,009 38,866 113,292 181,167 86,200 86,200 86,200 86,200 East London Foundation Trust- Adolescent Advocacy London Borough of Tower Hamlets- IMHA London Borough of Havering - Havering Advocacy Community Barnet Complaints Advocacy Redbridge Advoiaq 1Sunflower Courtl 34,642 34,642 216,812 149,059 41,000 29,172 33,310 206,488 126,583 40,000 57,455 33,310 206,488 126,583 40,000 57,455 149,059 41,000 29,172 c) Sub-total for advocary projects 470,685 470,685 463,836 463,836 London Borough of Tower Hamlets- Upskill NHS Newham CCG- IPS Newham NHS England East London NHS Foundation IAFT Employment 34,475 34,475 292,507 509,000 34,471 34,471 227,532 470,028 292,507 509,000 227,532 470,028 Sub-total for Employment. advice and information 801,507 34,475 835,982 697,560 34,471 732,031 Toral income from charitable acrivitie5 2,876,739 375,211 3.251,950 2,682,861 320,520 3,003,381 35 Mlnd In Tower Hamlets, Newham and Redbrldge Notes to the flnanclal statements For the ear ended 31 March 2023 4a Analysls of expenditure (current year) Charitable activities Employment advice & information Support services Community projects Advocacy projects Support C05tS Governance C05tS 2023 Total 2022 Total Staff costs (Note 61 Direct costs Premises c05tS Office and supplies c05tS Depreciation Consultancy Audit remuneration Governance c05t ,265.731 204.648 i .000 37.433 122,877 7,335 2,000 1,564 418,972 39,165 2,000 2,021 552,705 13,614 250 18,588 302,110 23,089 38,964 194,830 73,772 25,920 2,662,395 287,851 44,214 254,436 73,772 42,218 13,464 3,520 2,223,716 261,004 39,261 221,516 78,944 44,938 13,120 862 16,298 13,464 3,520 1,525,110 133,776 462,158 585,157 658,685 16,984 3,381,870 2,883,361 Support costs 371,209 32,561 112,489 142,426 1658,6851 Governance c05tS 9,572 840 2,900 3,672 116,9841 Total expendlture 202 3 1,905,891 167,176 577,547 731,256 3,381,870 Total expenditure 2022 1,650,711 90,013 493,387 649,251 2,883,362 36 Mlnd In Tower Hamlets, Newham and Redbrldge Notes to the flnanclal statements For the ear ended 31 March 2023 4b Analysls of expendlture Iprlor year) Charitable activities Employment advice & information Support services Community projects Advocacy projects Support Costs Governance COSt5 2022 Total Staff costs (Note 61 Direct costs Premises costs Office and Supplies costs Depreciation Consultancy Audit remuneration Governance cost 1,070,867 190,536 16,545 70,241 62,688 6,366 361,321 34,913 2,000 515,942 15,949 212,899 13,240 20,716 127,748 78,944 23,565 2,223,716 261,004 39,261 221,516 78,944 44,938 13,120 862 5,628 6,780 21,373 13,120 862 1,369,562 74,682 409,353 538,670 477,113 13,982 2,883,361 Support costs 273,145 14,895 81,641 107,432 1477,1131 Governance costs 8,005 436 2,393 3,148 113,9821 Total expendlture 2022 1,650,711 90,013 493,387 649,251 2,883,361 37 Mlnd In Tower Hamlets. Newham and Redbridge Notes to the financial statements For the ear ended 3 1 March 2023 Net expenditure for the year This is stated after charging.. 2023 2022 Depreciation Operating lease rental5'. Photocopier Auditor's rernuneration (excluding VATI.. Overlunder accrual from prior year Audit 73,772 78,944 2,161 1,387 1,901 9,750 10,200 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were a5 follows.. 2023 2022 Salaries and wage5 Social Security cost5, ER NIC Employer's contribution to pension 5cheme5 2,342,571 226,301 93,523 1.972,186 174,118 77,412 2,662,395 2,223,717 l employee earned (excluding employer national insurance and employer pension) between £80,000 and £90,000 during the year 12022.. I between £80,000-£90,0001. The total employee remuneration including pension contribution5 and national insurance of the key management personnel wa5 £266.251 12022.. £184,482). The charity trustees were not paid and did not receive any other benefits from ernployment with the charity in the year12022.. £nill. No charity trustee received payment for profe55ional or other services supplied to the Iharity 12022.. No trustee expenses paid or reimbursed in the year12022.. £551. Staff numbers The average number of employees (head count based on number of staff employed) during the year was as follow5.. 2023 No. 2022 Support Service5 Cornmunity Project5 Advocacy Project5 Employment, advice & information Support Governance 46 40 87 78 Related party transactions There are no related party transaction5 to disclose 12022.. none) other than those already di5c105ed in note 6. There were Trustee donations of £1076 12022.. £7481. these were paid without condition5. 38 Mlnd In Tower Hamlets. Newham and Redbridge Notes to the financial statements For the ear ended 3 1 March 2023 Taxation The charitable company 15 exempt from corporation tax as all its income 15 charitable and 15 applied for charitable purposes. l O Tangible fixed assets Long leasehold Fixture5 and prernises equiprnent ComputeT equipment Total Cost At the start of the year Addition5 In the year Di5posa15 in the year 895,202 170,673 15,038 84,440 1,812 1.150.315 16.850 At the end of the year 895,202 185,711 86,252 1,167.165 Depreciation At the start of the year Charge for the year Eliminated on disposal 602,809 43,287 95,023 17,154 71,221 13,332 769.053 73.773 At the end of the year Net book value At the end of the year 646,096 112,177 84,553 842.826 249,106 73,534 1,699 324.339 At the start of the year 292,393 75,650 13,219 381,262 All of the above a55ets are used for charitable purposes. Debtors 2023 2022 Trade debtor5 and accrued income Prepayments 45,795 22,119 385,252 21,963 67,914 407,215 12 Credltors.. amounts falllng due wlthln one year 2023 2022 Trade creditor5 Taxation and social security Pension contributions creditor Defined benefit pension liability (note 151 Accrua15 Deferred income (note 131 27,579 51,378 691 7,389 17,864 217,169 55,142 46,534 965 7,389 31,470 177,899 322,070 319,399 39 Mlnd In Tower Hamlets. Newham and Redbridge Notes to the financial statements For the ear ended 3 1 March 2023 Deferred Income Deferred income totalling £217,169 represents funding received prior to the financial year end relating to 5ervice5 to be delivered in the period cornrnencing l April 2023 from Talking Therapie5 Equiprnent cost £1 0,013. Pemberton Barnes £4.000, CAF Our voice5 £5,956, Garfield Weston £18.750, Redbridge Peer Support £15,177. Tower Hamlet5 Connectors £7.773, Newham Connectors £22,658, Complaints Advocacy £1 0,250, New Horizon £3,017, Young Mind5 Redbridge £49,5 70, EDI Role £40,000 and Bereavement Service £30,000. 2023 2022 Balance at the beginning of the year Amount released to income in the year Amount deferred in the year 177,899 {177,8991 217,169 65,066 165,0661 177,899 Balance at the end of the year 217,169 177,899 14 Credltors.. amounts fallin9 due after one year 2023 2022 Defined benefit pension liability 6,157 13,546 6,157 13,546 The Pensions Trust advised in the last triennial valuation that MITHN are required to make annual contributions of £7,389 frorn April 2022 with further payment5 set out in note 15 until August 2025, giving MITHN a total liability of £12.929 12022.. £20,281). Penslon schemes SCHEME.. TPT Retirement Solutions - The Growth Plan The company participate5 in the scheme, a multi-employer scheme which provide5 benefit5 to some 638 non- associated participating employer5. The scheme is a defined benefit scheme in the UK. It 15 not possible for the company to obtain sufficient information to enable it to account for the Scheme as a defined benefit scheme. Therefore it account5 for the scheme a5 a defined contribution scheme. The scheme is subject to the funding legislation outlined in the Pensions Ait 2004 which came into forie on 30 December 2005. Thi5, together with documents Issued by the Pensions Regulator and Technical Actuarial Standard5 Issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension 5cheme5 in the UK. The scheme is Ilas5ified as a'last-man Standing arrangement,. Therefore the company 15 Potentially liable for other participating employers. obligatlOn5 if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employer5 are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal frorn the scheme. 40 Mlnd In Tower Hamlets. Newham and Redbridge Notes to the financial statements For the ear ended 3 1 March 2023 Penslon schemes Icontlnuedl A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed asset5 of £800.3m, liabilitie5 of £831.9rn and a deficit of £31.6m. To eliminate thi5 funding shortfall. the Trustee ha5 asked the participating employers to pay additional contribution5 to the scheme a5 follow5.. Deficit contributions From l April 2022 to 31 January 2025.. £3,312,000 Payable monthly er annum Unle55 a conce55ion ha5 been agreed with the Trustee the term to 31 January 2025 applie5. Note that the scherne's previous valuation was carried out with an effective date of 30 Septernber 2017. This valuation Showed as5et5 of £794.9rn, liabilitie5 of £926.4m and a deficit of £13 1.5m. To elirninate this funding Shortfall, the Trustee ha5 asked the participating employers to pay additional contribution5 to the scheme a5 follow5.. Deficit contributions Frorn l April 2019 to 30 September 2025.. £11,243,000 (payable monthly and increasing by 3% each ear on IstA ril er annum The recovery plan contributions are allocated to each participating employer in line with their estimated Share of the Serie5 1 and Series 2 siheme liabilities. Where the Scheme 15 in deficit and where the company ha5 agreed to a deficit funding arrangement the company recogni5es a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreernent that relates to the deficit. The present value 15 calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance 105t. PRESENT VALUES OF PROVISION 31 March 2023 (£$1 31 March 2022 l£sl 31 March 2021 l£sl Present value of provision Idiscountedl 12,929 20,281 107,291 RECONCILIATION OF OPENING AND CLOSING PROVISIONS Perio ending 31 March 2023 Period ending 31 March 2022 l£sl l£sl Provision at start of period Unwinding of the discount factor (interest expen5el Deficit contribution paid Remea5urement5 impact of any change in a55UrnPtions Remea5urement5 amendrnents to the contribution schedule Provision at end of period 20.281 382 17.389) 1345) 107.291 619 127.1511 14661 160,0121 20,281 12.929 41 Mlnd In Tower Hamlets. Newham and Redbridge Notes to the financial statements For the ear ended 3 1 March 2023 Penslon schemes Icontlnuedl INCOME AND EXPENDITURE IMPAcr Perio ending 31 March 2023 Period ending 31 March 2022 l£sl l£sl Interest expense Remea5urement5 impact of any change in a55UrnPtions Remea5urement5 amendrnents to the contribution schedule Contributions paid in respect of future service. Costs recogni5ed in income and expenditure account 382 (345) 619 14661 160.0121 °Iniludes defined contribution 5cheme5 and future Service contribution5 li.e. excluding any deficit reduction payrnentsl to defined benefit schemes which are treated a5 defined contribution 5cheme5. To be completed by the company. 31 March 31 March 31 March 2023 2022 2021 % per annum % per annum % per annum Rate of discount 5.52 2.35 0.66 The discount rate5 shown above are the equivalent single discount rates which, when used to discount the future recovery plan contribution5 due, would give the same result5 as using a full AA corporate bond yield curve to discount the same recovery plan contribution5. SCHEME.. TPT Retirement Solutions - The Growth Plan The following schedule detai15 the deficit contributions agreed between the company and the Scheme at each year end period.. DEFICIT CONTRIBUTIONS SCHEDULE The non-di5counted payment5 will be.. Year ending 31 March 2023 {£sl 31 March 2022 l£sl 31 March 2021 l£sl Year I Year 2 Year 3 Year 4 Year 5 7,389 6,157 7,389 7,389 6,157 27,151 27,965 28,804 24,724 13,546 20,935 108,644 42 Mlnd In Tower Hamlets. Newham and Redbridge Notes to the financial statements For the ear ended 3 1 March 2023 16a Analysis of net assets between funds (current yearl General unrestricted Designated Restricted Total funds Tangible fixed a55ets Net current as5et5 Long term liabilitie5 113,385 125,000 210,954 324.339 444.207 16,15n 319,207 16,1571 Net assets at 31 March 2023 313,050 238,385 210,954 762.389 16b Analysis of net assets between funds Iprlor year restated) General unrestricted Designated Restricted Total funds Tangible fixed a55ets Net current as5et5 Long term liabilitie5 148,285 125,000 232,977 381.262 471.264 113,546) 346,264 113,5461 Net assets at 31 March 2022 332,718 273,285 232,977 838.980 17a Movements in funds (current yearl At l April 2022 Income & Expenditure gains &1055e5 At 31 March 2023 Transfers Restricted funds.. Pears Fund CAF Our Voices One place East TH Comrnunity Connectors Newham Community Connector5 New Horizon City Bridge Mums Matter Big Lottery- LEAP LBTH- Up5ki115 Rapid Study with Mind Building fund 36,322 33,333 18,995 38,866 113,292 34,933 4,999 29,009 34,475 30,987 136,3221 133,3331 118,9951 138,8661 1113,2921 134,9331 14,9991 129,0091 134,4751 130,9871 143,2871 232,977 21,264 210.954 Total restricted funds 232,977 375,211 1418,4981 21,264 210.954 Unrestricted funds.. Designated fund5'. Maintenance and Renewa15 IT Support cost5 Employrnent costs Staff contingency costs Fixed a55et funds 40,000 15,000 55,000 15,000 148,285 40.000 15,000 55,000 15.000 113.385 125,1661 25,166 16,850 130,4861 121,2641 Total designated fund5 273,285 16,850 155,6521 25,166 238.385 General funds Excluding long term pension liability Long term pension liability 346,245 113,5461 2.913,237 12,928,984) 319.207 16,15n 7,389 Total general fund5 332,699 2,913,237 12,928,984) 13,9021 313.050 Total unrestrlcted funds 605,984 2,930,087 12,984,636) 551.435 Total funds 838,961 3.305,298 13,403,134) 762.389 43 Mlnd In Tower Hamlets. Newham and Redbridge Notes to the financial statements For the ear ended 3 1 March 2023 17b Movements in funds Iprlor year) At l April 2021 Income & Expenditure gains &1055e5 At 31 March 2022 Transfers Restricted funds.. Pear Fund CAF Our voice (Diversity and Inclusion) City LBTH Infection Control One place East Safespace Café Muslim Forum New Horizon-city Bridge Mums Matter Big Lottery-LEAP LBTH-Upskills Building fund 39,685 49,200 25,647 18,995 5,000 4,000 36,600 20,722 86,200 34,471 139,6851 149,2001 125,6471 118,9951 15,0001 14,0001 136,6001 120,7221 189,5481 134,4711 122,0231 3,348 255,000 232.977 Total restricted funds 258,348 320,520 1306,2061 232.977 Unrestricted funds.. Designated fund5'. Maintenance and Renewa15 IT Support cost Employer Costs Staff contingency costs Fixed a55et funds 40,000 15,000 55,000 15,000 40,000 15,000 55,000 15,000 148,285 197,406 7,800 156,9211 Total designated fund5 197,406 7,800 156,9211 125,000 273.285 General funds Excluding long term pension liability Long term pension liability 242,428 180,1401 2.716,755 59,205 12,480,549) 1132,3891 7,389 346.245 113,546) Total general fund5 162,288 2,775,960 12,480,549) 1125,0001 332.699 Total unrestrlcted funds 359,694 2.783,760 12,537,470) 605.984 Total funds 618,042 3.163,485 12,843,676) 838.961 44 Mlnd In Tower Hamlets. Newham and Redbridge Notes to the financial statements For the ear ended 3 1 March 2023 Purposes of restricted funds= Pears Fund com leted Ma 2022 Thi5 project is a racial equity fund and 5UPPOrts the delivery of our anti racist Strategy. The project work5 Wlth BAME Muslim women to create safe 5pace5 to talk about mental health and have acces5 to mental health Support 5ervice5. The project mainly funds salaries. CAF Our Voice Diversit and Inclu510n corn leted Ma 2022 This grant allowed MindTHNK to develop our model inreach acce55 and engagement for seldom heard communitie5 in Redbridge and was part of our strategic objective to becoming Mind in Redbridge. One Place East com leted Se tember 2022 Funded Mums rnatter in Redbridge and in-reach into diverse communitie5 to develop people with mental health as peer leaders. Tower Harnlets Cornmunit Connector5. A5 part of our work within the transformation of mental health services we have secured 5 year funding to support an integrated cornmunity connector role within the Stepney and Wapping PCN. Thi5 will increase to two worker5 in 2023. Newham Communi Connector5. As part of our work within the tran5forrnation of mental health services we have Secured 5 year funding to support an integrated cornmunity connector role within the Stratford PCN. This is three team members. New Horizon5. City Bridge have funded a p05t to 5UPPOrt a peer led service in Tower Hamlets, irnproving access to health provision and reduce the risk of homele55nes5. All incorne funds direct cost5 i.e. 5alarie5 and wages. Mums Matter com leted une 2022 Thi5 project work5 Wlth Murn5 who are struggling with their rnental health in the peri-natal period to build resilience and develop strategie5 to manage and improve their mental health, with a strong emphasi5 on peer support. All income funds direct Costs i.e. 5alarie5 and wage5. LEAP ro ect com leted Au ust 2022 Reaching Communitie5 (Big Lottery) funded the LEAP project offering Peer Leadership Training opportunities as well a5 e5tabli5hing a wide range of Peer Led groups across Tower Hamlets, Newham and Redbridge. U Skill - In partnership with Working well Trust, we deliver the Up5kill project that prornotes acces5 to work and supports people into training, work experience and work placement5. All income funds direct C05t5 i.e. 5alarie5 and wage5. id Stud with Mind. Funded through the national institute of health research to find out which intervention method 15 best at supporting client5 Wlth suicidal thought5 and feeling5. All income funds direct Costs. fund the balance above repre5ent5 the long leasehold premises purchased by a restricted capital grant. Purposes of designated funds Fixed a55ets fund5 repre5ent5 the net book value of the tangible fixed a55ets acquired using unrestricted funds. Maintenance and Renewa15 funds include costs that may be incurred for maintenance of prernises operated by the charity. ITSU ort cost5 include5 provisions for purchase of additionallreplacement IT equipment. Employrnent Costs. We have created a designated fund to Support employment cost5 including potential redundancy C05t and salary uplift5 which have not yet been agreed. Staff contin fund5 include provi5ion5 for additional staff costs that could occur in the year e.g. maternity cover, long term 5ickne55 absence etc. enc 45 Mlnd In Tower Hamlets. Newham and Redbridge Notes to the financial statements For the ear ended 3 1 March 2023 18 Operating lease commltments The charity's total future minimum lease payment5 under non-cancellable operating lease5 are as follow5 for each of the following period5 Equipment 2023 2022 Less than one year One to five years 2,942 5,098 2,728 2,599 8,040 5,327 Legal status of the charity The charity 15 a company limited by guarantee and has no share capital. The liability of each member in the event of windinq up is limited to £1 46