REGISTERED COMPANY NUMBER: 02853335 (England and Wales) REGISTERED CHARITY NUMBER: 1033000 ## AGM 2023 ## Annual Report **Report of the Trustees and Audited Financial Statements for the Year Ended 31 March 2023 for Northamptonshire Mind** **Harris & Co (Accountants) Ltd, Statutory Auditors 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL** **Contents of the Financial Statements for the Year Ended 31 March 2023** ## **Table of Contents** **----- Start of picture text -----**
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Number| |---|---| ||| |Report of the Trustees|1 - 8| |Report of the Independent Auditors|9 - 12| |Statement of Financial Activities|13| |Balance Sheet|14| |Cash Flow Statement|15| |Notes to the Cash Flow Statement|16| |Notes to the Financial Statements|17 - 24| |Detailed Statement of Financial Activities|25 -27| **Report of the Trustees for the Year Ended 31 March 2023** The Board of Trustees presents its report with financial statements of Northamptonshire Mind for the year ending 31st March 2023. Northamptonshire Mind prepares accounts according to the methods and principles contained in the Accounting and Reporting by Charities, Statement of Recommended Practice (SORP) (revised 2000). Annual Reports are prepared and audited annually as required by the Companies Act and Charities Act. Page 1 **Report of the Trustees for the Year Ended 31 March 2023** ## **OBJECTIVES AND ACTIVITIES** ## **Purpose and Aims of the Charity** Northamptonshire Mind is one of the largest mental health providers working in Northamptonshire. We work in partnership with Northamptonshire Health Foundation Trust and other Mental Health providers to support the mental health community through service provision, campaigning and influencing. We are local leaders in developing innovative services that support people with Mental Health problems and together with our partners in the Mental Health Northants Collaboration, we are leading the way in redesigning and providing Mental Health services across the county. Across our sites, we provide education and learning opportunities for people completing professional qualifications in Social Care, Counselling and Psychotherapy. Northamptonshire Mind has charitable status and relies on support from partner organisations, donors and the general public. ## **Governance** As a charity, Northamptonshire Mind is governed by the Board of Trustees. The Trustees carry the responsibility of company directors of Northamptonshire Mind. The Board of Trustees carries the overall responsibility for ensuring that Northamptonshire Mind pursues its charitable objects, complies with its constitution, relevant legislation and regulations and applies its resources exclusively to its objects. To facilitate the smooth running of Northamptonshire Mind, the Board of Trustees has established a number of sub-committees Finance and Risk, HR and Professional Standards and Alignment. The terms of reference for each committee have been approved by the Board of Trustees. The Board of Trustees determines Northamptonshire Mind's strategies; approves its financial plans, annual report and accounts and governance structure, makes key appointments (Chief Executive Officer) and monitors Northamptonshire Mind's strategic performance. ## **Vision** To improve mental health and wellbeing in Northamptonshire. ## **Purpose** To listen, support, take action and help build resilience for better mental health. ## **Values** We believe that our core values are the essence of our identity. They tell clients, colleagues and external stakeholders what we are about and what is important to us. - Integrity: We are honest with strong principles and high standards -Compassionate: We care and understand the importance of good mental health and wellbeing - Person-Centred: We place the person at the centre of our services - Inclusive: We are open to all - Dedicated: We are dedicated to tackling the stigma behind mental health ## **Goals** - Support people likely to develop mental health problems, to stay well - To empower people who experience a mental health problem to make informed choices about how they live and recover - To ensure people get the right services and support at the right time to help their recovery and enable them to live with their mental health problem - To open the doors to people with experience of mental health problems participating fully in society - To achieve equality of treatment for people who experience both mental health and other forms of discrimination - To build a culture of excellence through constant development of our assets ## **Public benefit** The Trustees have had regard to the guidance issued by the Charity Commission and believe all the charity's activities are for public benefit. Page 2 **Report of the Trustees for the Year Ended 31 March 2023** ## **STRATEGIC REPORT** The year 2022 has been a challenging year with increased cost of living and higher energy costs. Despite these challenges, Northamptonshire Mind has been busy, productive and successful in many ways throughout the year. The charity activities income and other income have increased this year 2022-23 to £1,726,644 and £211,824 respectively against the previous year 2021-22 from £1,393,256 and £226,856 respectively. Our policy is to budget annual expenditures to continue to deliver services that we provide and to build upon our reserves. Our largest source of income is from County Council Social funding and NHFT commissioned services through the Mental Health Northamptonshire Collaborative. While general donations were impacted this year, the retail sales show strong gains and community fundraising returns. Expenditure levels reflect the support requirements of our commissioners in meeting the growing need and increased demand for mental health services. Total Income generated by Northamptonshire Mind was £1,938,468 (2022: £1,620,111), excluding the net gain on investment at £2,161 (2022: £10,599), and overall total income and gains were £1,940,629 (2022 £1,630,710). Total expenditure for the year stands at £1,843,894 (2022 £1,701,026) resulting in net income over expenditure of £96,735 compared to the previous year’s deficit (2022: £70,316). This year, the Charity's income is greater than the expenditure (i.e. a surplus). At the end of the year, the value of our investments and reserves stands at £147,948 and £ 485,962 respectively, while cash at bank is £381,710. ## **Reserves Policy** The Board of Trustees have agreed that the organisation should attempt to maintain a level of reserves that equates to three months running costs. ## **Investment Policy** The charity has a previously inherited portfolio of stocks and shares, which is held as a long-term investment providing both income generation in the form of dividends and growth in the value of investments for future developments. The charity does not in itself partake investment activity other than to monitor the existing portfolio in to reduce the risk to its assets but recognises the fact that the value of shares can fluctuate. The charity, in line with the policy of National Mind, does not invest directly in drug companies. ## **Review of Major Risks** The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Major risks have been identified by the Trustees, are regularly reviewed by the Trustees and systems established to mitigate those risks. The Trustees are fully aware of the reliance on grants and contracts for the maintenance and development of the charity's services as reported in previous years, the charity continues its efforts to diversify its activities supported by funding from a wider range of income sources. The charity has insurance cover for its property and legal liabilities normally associated with its operations. The charity recognises its legal and moral duty to minimise personal risk to its users, staff and members of the public and regularly reviews its policies. The Financial impact of Covid-19 on the current financial statements and results for the year ended 31 March 2023, whilst they have not been significant to its operations, the level of gifts and donations received from private companies and individuals are much lower than previous years. We anticipate this will change in the current year. Page 3 **Report of the Trustees for the Year Ended 31 March 2023** ## **Fraud Risk and Remedies** The largest fraud risk to income, is receiving cash but now that we are no longer dealing in cash and monies are going directly to our bank accounts, this is minimised. The second fraud risk is cybercrime, but we have good IT security and human checks and balances in place to ensure that this risk is covered. The third risk is employee fraud due to the number of employees we have but again we ensure that employees Personnel IDs and computer Security processes are in place as well as entry in/out of buildings is secure. ## **Going Concern** The Financial Statements have been prepared on the Going Concern basis as detailed in the strategic report to the financial statement. There are new and increased contracts/projects which are starting soon and recorded in the next year forecast, the funds raised together with existing bank balances provide sufficient funding for at least until the end of the calendar year. Page 4 **Report of the Trustees for the Year Ended 31 March 2023** **STRUCTURE, GOVERNANCE AND MANAGEMENT Service Related Information** As a Local Mind we understand the needs of our County and we tailor services to match. We work with the population to design and deliver services that reflect the needs of individuals and our communities. Our newly refurbished sites and the services we deliver span across the North and West of the county. This enables us to work towards our vision 'to improve mental health and wellbeing in Northamptonshire'. Northamptonshire Mind is recognised as a leader within the VCSE sector. We Chair the VCSE Assembly Mental Health Thematic, Lead on the MHLDA Population Health and Prevention Pillar and our CEO was elected to Chair the Mental Health Northants Collaboration. This broader system work builds on the trust we have already established in the communities we serve. Our local community knowledge and partnerships are essential for us to continue to meet the needs of people with mental health problems. As a part of a national network which shares a wealth of experience, expertise, and skills. We are constantly striving for improvement through innovation. This network combined with many years of experience of developing and delivering high quality services allows us to: - Help to plan local mental health services - Campaign on local mental health issues and support national campaigns - Change attitudes towards mental health in our county Across the county we provide volunteering, education and learning opportunities for people, including those ## completing professional qualifications in Social Care, Counselling and Psychotherapy. We deliver a wide range of services and work in partnership to support the mental health community through service provision, campaigning and influencing. If you would like further information on our services and impact, you can find our full impact report at our website https://www.northamptonshiremind.org.uk/ **Delegated Authority** The Chief Executive reports organisational performance to the Board of Trustees and assists in developing the Vision, Purpose and Strategy for the charity. The day-to-day operational management of the Charity is delegated to the CEO and Executive Management Team. ## **Annual Report 2022-2023 - Chair's Report** In my first year as the Chair, I have worked to establish relationships across the Board of Trustees and ensure that combinations of skills and experience, support and guide the Executive Management Team in leading the organisation. During the year, Northamptonshire Mind has continued its journey of growth and development. In the summer we launched our three-year Strategy, hosting open events across the county. It was soon after this that we were awarded the Mind Quality Mark. This rigorous quality assurance standard sets the bar of good practice and legal compliance for all organisations in the Mind Federation. Whilst the Board were confident that we would receive the MQM, they were extremely proud of being identified as an organisation with three area of excellence: 1. Influence and Participation 2. Promoting Positive Attitudes to Mental Health 3. Effective Services. Our report stated: - “In short, Northamptonshire Mind is providing life changing support”. As we moved into the autumn the Board reviewed our meeting cycle to ensure its efficacy. We moved to bi-monthly meetings and established our sub committees, this allowed for further engagement with the Leadership and Management team. The All-Staff Day in October 2022 was a celebration of our workforce, in particular our Volunteers. This was a wonderful opportunity for us all to come together, to reflect on the previous year and plan for the next. Page 5 **Report of the Trustees for the Year Ended 31 March 2023** It was in the New Year that we received the news of our Mind Excellence Award for our ‘Contribution to the Mind Federation’ this award was to recognise our hard work, dedication and achievements. The Excellence Award celebrates those who go above and beyond the Mind Quality Mark. I would like to personally congratulate all the staff for their tireless hard work and commitment, they are truly deserving of this recognition. Throughout this successful year we have kept our beneficiaries at the heart of all we do. They are actively involved in decision making processes throughout the organisation. We strive to live our values to make sure everyone can get mental health support whoever they are, whatever their race, gender, sexuality, disability, or beliefs. We have seen an increase in demand for services. We know that we can improve everyday life for people in the county with our sites and services. Our focus next year will be to grow our services and increase our offer within the community, whilst positioning ourselves strategically to influence policy and practise. As a Board, we will work towards diversifying our income and increasing revenue generating opportunities. On behalf of the Board, I would like to thank all staff and volunteers. They continue to find different ways of working to respond to our beneficiaries’ needs, always giving their time and expertise to help those who may be suffering from mental health challenges. I would also like to thank our amazing supporters, fundraisers and funders who ensure that we can continue to deliver our vision. Thank you, everyone for your incredible support. ## Frida Norman Chair of the Board Page 6 **Report of the Trustees for the Year Ended 31 March 2023** The transformation we have undergone is only the beginning, and we will aim for continual improvement, informed by what our service users tell us. Our employees, Trustees and volunteers are our greatest assets, so we will nurture their learning and development, in consultation with them. We will strengthen our governance and aspire to excellence. There is strength in partnerships, and we will continue and extend our collaboration where possible with NHFT, Local Authorities, Communities, Businesses, and the Voluntary Sector, as we develop our strategy for the future. ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Registered Company number** 02853335 (England and Wales) **Registered Charity number** 1033000 **Registered office** Anchor House 6/7 Regent Square Northampton NN1 2NQ **Trustees** F Norman Chair (appointed 17/5/2022) P D Webster (appointed 24/09/2018) BJ Frisby (appointed 28/05/2020) R Rajani (appointed 28/05/2020) R Mayman (appointed 01/06/2021) R Stubbs (appointed 01/06/2021) R Singh (appointed 01/06/2021) V R Pearce (appointed 01/06/2021) R Bessell (appointed 01/06/2021) K Latham (resigned 01/09/2022) W Giles (resigned 18/10/2022) ## **Company Secretary** S Hillier **Auditors** Harris & Co (Accountants) Ltd, Statutory Auditors 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL Page 7 Northamptonshire Report of the Trustee5 for th• Year End•d 31 Mar¢h 2023 STATEMENf OF TRU5TEES' RESPONSIBILrnES Thè Trusteès Iwho are also the dlrertors of Northarnpton5hlre Mind forth• purposes of cOM￿n¥ lawl are responsible for preparin8 the Rep￿ of the Truste￿ and the finand•l statern￿ in actordance wlth appllcable law and United Klngdom Accountlng Standards Iuniled Kirydom Gtnerally Accepted Accowrting Prac￿) Includlng Hnanclal Reporting Standard 102"Thè Mnandal Reportlry Standavd •pplkable In the UK and Republk of Ireland". Company law requires the Trustees to prepare financial statements for each financial year whtch give a true and fair view of the state of aflairs of the charitable company and of the incoming resources and applicatlon of resources, includin8 the income and expenditu￿. of the charitable company for that period. In preparln8 those financlal statemenis. the Trustees are required to- - select suitable accounting policies and then appty them consistentty; ob5eTve the methods and principles in the Charity SORP.. make judgements and estimates that are reasonable and prudent- - state whether applicable account1r￿ standards hove been lollowed. subject to any material departures dlsclosed and explalned in the financial statements; prepare the financial statements on the going concern basls unless it is inappropriate to presume that the charitable company wlll contlnue In business. Thè Tfustees are responsible for keepin8 proper a¢¢ountln8 records which dlsdose wlth reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements compty with the Companies Acl 20C6. They are also responsible for 5aleguarding the assets of the charitable Company and hence for taking reasonable steps for the pfevention and detection of fraud and other irregtslarities. In $0 far as the Trustees are aware.. - there is no relevani audit infomation of which the charitable company's auditor5 are unaware.. and - the Trustees have taken all sieps that they ought to have taken to make themselves oware of any relevant audlt information and to establish that the auditor5 are aware of that infomatlon. AUDITORS The audltors. Harrls & Co (Accountants) Ltd, Statutory Audltors. will be prowd for re-appolntment at the forthcoming Annual General Meeting. Report of the Trustees, incorporatin8 a strategTrc report. approved ty order of the eoard of Trnstees, as the company dSrectors, on 19 September 2023 and signed on the board's behalf by: Nornia Chalr Page 8 **Report of the Independent Auditors for the Year Ended 31 March 2023** ## **Opinion** We have audited the financial statements of Northamptonshire Mind (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. ## In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 March 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'and - 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 Auditors' 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 sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have 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 Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and -the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 9 **Report of the Independent Auditors for the Year Ended 31 March 2023** ## **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 Report of the Trustees. We have nothing to report in respect of the following matters where 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. ## **Responsibilities of Trustees** As explained more fully in the Statement of Trustees' Responsibilities, 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. Page 10 **Report of the Independent Auditors for the Year Ended 31 March 2023** ## **Our 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 a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ## Identifying and assessing potential risks related to irregularities In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following: o The nature of the charity's activities and sector, control environment and financial performance; o Enquiring of management and the Trustees, including obtaining and reviewing supporting documentation, concerning the charitable company'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. o Discussing among the engagement team and involving relevant internal specialists, including tax, and charity specialists (where relevant) regarding how and where fraud might occur in the financial statements and any potential indicators of fraud; and o Obtaining and understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on those laws and regulations that had a direct effect on the financial statements, such as provisions of the UK Companies Act, charity legislation and tax legislation or that had a fundamental effect on the operations of the charitable company; including General Data Protection requirements, anti-bribery and corruption policy. ## Audit response to risks identified As a result of performing the above, we identified various provisions of the Charities Act and the Charity Commission guidance as key audit matters related to non-compliance with laws and regulations and the receipt of donations and the making of grants as key audit matters related to the potential risk of fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addition to the above, our procedures to respond to risks identified include the following: o Review of the financial statement disclosures and testing to support documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; o Enquiring of management, the Trustees and in-house and external legal counsel where relevant concerning actual and potential litigation and claims; o Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and o Reading minutes of meetings of those charged with governance, reviewing internal reports where relevant and correspondence. o Reviewing compliance with relevant charity legislation. o Reviewing and testing the receipt of donations. o Reviewing and testing the making of grants. o In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the rationale of the charity for any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to an indications of fraud or non-compliance with laws and regulations throughout the audit. Page 11 Northamptonshire Repore ¢f the Independent Auditors for the Y•ar End•d 31 Mar¢h 2023 Because of the Inherent Ilmltatvjns of an audi( the￿ 15 a risk thai wll detect all irre8ularttie5, intluding those leadin8 to a materi31 misstatement in the fiTr4ncial ￿ateMentS or notrcompliarKe ¥wth reEul4tion. This rfsk Increases the more that compliance wath a law or re8uktion Is removed From the events and transatti¢)ns relle(ted in the financial staternent5, as we wlll be less likely to become aware of instances of noll-tompiiancè. The risk is also greater regaidifig i￿@￿ula￿lIeS occurring due to fraud rather than error, ¥$ fraud involves Intentlonal concealment. f￿lery, collusion. omis%on or mlsrepresentatlon. As part of an audit in accordance *ith1&4s IUK). WÈ eXerc￿e WofesS￿aliUd&r￿lor￿l maintain professional sceptScism throuqhovt the oudiL We ¥lso'. o Identify and a55ess the risks of material misstatemenl of ihe financ5al statements. whether due to fraud or error. deslgn and ￿rfOrM audit wocedures respon￿¥￿ to those risks, aThJ obtatn al￿11 eyiikno that is ￿Jff￿lent and appropriate to prO￿￿e a basls for ouropinion. The risk of r￿t dÈiÈ£tin8 a matecial misstaternent iosultingfvom fraud15 hlgher ihan for one resultln8 from error. as fraud may invol¥e£c41usion. ftrf8ery, intentson41 omissiws. misrepresentallons, or the override of internal contr(A. o Obtain an under5tonding of ifiteinal conirol felevant to the audit in order to design audit procedu￿5 that are appropriate In the ¢irrumstances. but not for ￿ wrp05e ol an wr¢ion onthe elfeui¥eness of the charitsblt company's internal control. o Evaluate the appropriateness of accountlng pjllcies used and the wsonableness of ￿C￿￿￿￿£t5￿Mates3nd relaied dix105ures made by the Trustees. o Conclude on the appropriateness olthe Trustees. Ltse of the8oiry concern b•ysof acctyjntlng and. based on the •udlt evklence obtalned. whether a materlal uncert•inty exists ￿ted tothents or corbditx>n& that may cèst %8nificant doubt on the Charstab￿ compony'5 abilityto continue as a corKern. ¢(XKJude that a materlal uTr¢ertalnty exlsts. we are requlred to dr•w •ttentlon in our audltor's report to the related disclosures In the fiThanciol 5titEfftWts or. if such di5c105ures8re inadÈouate. to modify our OPiniOA. ¢￿1 Co￿1￿￿0n5 are based cffj Ihe aud1¢ e￿dence obtained up to the date of our audltor's report. However, future events Of condilions may cause the Eharitable company to ceo5e to contlnue as a golng concern. o Evaluate the overall presentatlon. structure and content of the hnancial ststemefits, in¢ludlTrg the dlsclosures, and whether the flnonclal statements represent the underlylng Ir•nsartions and events in a manner that achieves fair presentatlon. We comrnuni¢¥te with those char8ed wth 8ovemance twrdln& amon8 Other matters the ￿anfied scope and tlmin8 of the audit ènd ￿l￿1￿c?n1 findlng% Indudiw anyy8fiifir*nt defiCie￿${n internal control that we identlfydurln8 our audlt. Afvrrher deKrfptlon olour re¥On￿bIll*S for￿audIt of the fthandal statements is on the Flnanclal Reporting Councll's webslte at W￿.frc.of&￿￿Ou￿t¢￿sre$￿x￿bu6t￿s. Thsde5cription forn￿ part ol our Rep)rt of the Independefit Auditors. Use of our report Thls report Is mode 5dely to the charitable companvs Th*mber5, •$¥ in accordarKe wth Chopter 3 of Part 16 of the Companie5 Act 2006. Our audir work has been undertaken so thai we mlght state to the charitable company's members those matters we are required to State to ihgn in an a￿li10r$, report and for no other purpose. To the ILtI￿st exteni permitted by law. we do not accept ¢x asswne respon*￿"1rtV to anyone other than the chantable company and the chèdtable companvs members •$ a forouraudlt work. tor this le￿)rt. or for the oplnlons we have formed. Phillip Harris 8A FCA (Senior Statutory Auditofl for and on behalf of Harris & Co (Accountsntsl Ltd. Statutory Auditors 2 Pavilion Court 6LX) Pavilion Drive Northarnpton NN4 7SL Date: .......... Page 12 **Statement of Financial Activities for the Year Ended 31 March 2023** ||||2023
|2022
| |---|---|---|---|---| |**EXPENDITURE ON**
Raising funds
**Charitable activities**
Charitible Activities
**Total**
Net gains on investments
**RECONCILIATION OF FUNDS**
Total funds brought forward
**NET INCOME/(EXPENDITURE)**
**TOTAL FUNDS CARRIED FORWARD**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Charitible Activities
Other trading activities
Investment income
Other income
**Total**
3
4
6
7
Notes
2
5|1,726,644
54,224
6,493
Unrestricted
funds
£
151,107|-
-
-
Restricted
funds
£
-|Total
funds
£
151,107
1,726,644
54,224
6,493|Total
funds
£
165,664
1,393,256
55,474
5,716
| ||-|-|-|1| ||1,836
1842058
1,938,468|-
-
-|1,836
1842058
1,938,468|7,708
1693318
1,620,111| ||,,||,,|,,| ||952,402
96,735
2,161
1,843,894
1,049,137|-
-
-
-
-|952,402
96,735
2,161
1,843,894
1,049,137|1701026| |||||,,| |||||10599| |||||,| |||||952,402
1,022,718
(70,316)| The notes form part of these financial statements Page 13 Northamptonshi B•lan¢e Sheet for th¢ Year Endad 31 March 2023 2023 Total fvnds 2022 Total funds Unrestricied Restrirted tufids funds Notes FIXED ASSETS Tangible assets Investments 12 563.175 147,948 563.175 147.948 711.123 472,853 145,787 618,640 711.123 CURRENT ASSETS Debtors Cash at bank and In hand 14 40,084 381.710 230,558 244.470 381,710 421.794 421,794 475,028 CREDITORS AmgLtnts falling due wlthln one year 15 183.7801 183.7801 1141.2661 NET CURRENT ASSETS 338,014 338,014 333.762 TOTALAtsEfs LESS CURRENT UABIUTIES 1,049,137 1,049,137 952,402 1,049.137 1.049.137 952.402 FUNDS UnTestricted funds 17 1,049,137 952.402 TOTAL FUNDS 1.049,137 952,402 The tements were approved by the Board of Irusteesand authorisedfor . and were si8fied on its behalf by: Issue on P D Webster- Trustee R R3jani-Trustee The notes fom) part of these finantial ststements Page 14 **Cash Flow Statement for the Year Ended 31 March 2023** |**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Dividends received
Net cash used in investing activities
**Cash flows from operating activities**
Cash generated from operations
Finance costs paid
Net cash provided by operating activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning**
**of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**
1
2
2
Notes|2023
£
244,052
(2161)|2022
£
2,085
-| |---|---|---| ||,|| ||137,233
244,470
381,703
(111,151)
1,239
5,254
(104,658)
241,891|244470
2,085
(9,216)
6
5,710
(3,500)
(1,415)
245,885| |||,| The notes form part of these financial statements Page 15 **Notes to the Cash Flow Statement for the Year Ended 31 March 2023** |**1.**
**RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING**|**1.**
**RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING**|**1.**
**RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING**||| |---|---|---|---|---| |**2.**
**3.**
**Total**
**Net cash**
Cash at bank and in hand
Bank overdraft
**ANALYSIS OF CHANGES IN NET FUNDS**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
At 1/4/22
£
244,470
-
244,470
244,470
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
Total cash and cash equivalents
2023
£
452
381,258
(7)
381,703
Cash flow
£
137,240
(7)
137,233
137,233
**ACTIVITIES**
2023
£
**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**96,735**Adjustments for:**
Depreciation charges 20,830 Gain on investments (2,161) Interest received (1,239) Finance
costs 2,161 Dividends received (5,254) Decrease/(increase) in debtors 190,474
(Decrease)/increase in creditors (57,494)
**Net cash provided by operations**244,052||||2022
£
(70,316)
18,367
(10,599)
(6)
-
(5,710)
(27,464)
97813| |||||,| |||||2,085| |||||| |||||2022
£
553
243,917
-| |||||| |||||244,470| |||||| ||||At 31/3/23
£
381,710
(7)
381,703
381,703|| The notes form part of these financial statements Page 16 **Notes to the Financial Statements for the Year Ended 31 March 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be ## directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates to write off each asset to its estimated residual value over its estimated useful life as follows: Freehold property 2% of the net book value on transition to Charities SORP FRS102 Fixtures and fittings 25% on cost Northampton Mind's tangible fixed assets have been valued at cost less depreciation in the financial statements in previous year. Following the merger, the tangible fixed assets of Rushden, Corby and Wellingborough have been absorbed into the financial statements. Corby and Wellingborough Mind valued their respective properties on the revaluation method and have such been transferred in at those values. Rushden valued their fixed assets under the cost basis. All tangible fixed assets will be valued using the cost method moving forward. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 17 **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **1. ACCOUNTING POLICIES - continued** ## **Finance leases** Assets obtained under finance leases are capitalised as tangible fixed assets. Depreciation is charged over the shorter of the length of the lease and the estimated useful life of the asset. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the charity. Obligations under suchleases are included in creditors net of the finance charge allocated to future periods. The finance element of each payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate on the net obligation outstanding in each period. ## Operating leases Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are reflected in the Statement of Financial Activities as incurred. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. The charitable company has charged the regular cost of providing retirement pensions and related benefits to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings. ## **Investments** Investments are stated at market value. Realised and unrealised gains and losses on investments are dealt with in the Statement of Financial Activities. Investment income is credited to income on a received basis, using dates of payment for dividends and interest. ## **Value added tax** Value added tax is not recoverable by the charity, and as such is included in the relevant costs in the Statement of Financial Activities. ## **Management and administration expenditure** Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity or fundraising ventures. This includes cost of renting and running office premises, staff for administrative staff and audit fees. ## **Services** Certain services are delivered through dedicated outlets. The income and expenditure of each service is netted off against each other and the net result for each service included in the Statement of Financial Activities. The bank and cash balances of the individual services are included in the balance sheet. continued... Page 18 **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** |**4.**
**5.**
**2.**
**3.**
Donations
Shop
**INVESTMENT INCOME**
Other fixed asset invest - FII
Deposit account interest
**DONATIONS AND LEGACIES**
**OTHER TRADING ACTIVITIES**
Northamptonshire County
Council and Daventry and
South Northants PCT
Navigator service income
Grants
Members Self Funding
Support services
Adult care management
Social care and health
funding
Individual budgets ISF
Service user contribution
Training
University/college placements
Cleaning income
Building usage
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Charitible Activities
Charitible Activities
Charitible Activities
Charitible Activities
Charitible Activities
Charitible Activities
Charitible Activities
Charitible Activities|||2023
£
2023
£
19,759
2,862
16,440
4,759
10,404
54,224
2023
£
5,254
1,239
6,493
2023
£
83,489
67,618
151,107
269,429
695,727
137,238
61,223
344,116
26,720
26,152
-|2023
£
2023
£
19,759
2,862
16,440
4,759
10,404
54,224
2023
£
5,254
1,239
6,493
2023
£
83,489
67,618
151,107
269,429
695,727
137,238
61,223
344,116
26,720
26,152
-|2022
£
122,495
43,169
165664|2022
£
122,495
43,169
165664|2022
£
122,495
43,169
165664| |---|---|---|---|---|---|---|---| |||||||,|| |||||||2022
£
39,197
363
10,690
3,358
1,866
55,474|| ||||||||| ||||||||2022
£
5,710
6
5716| ||||||||,| |||||||2022
£
217,737
552,052
18,126
27,416
443,233
28,429
9,580
1,783|| |Market Harborough contract
Activity income NGH
Activity income SHAPE

Charitible Activities
Charitible Activities
Charitible Activities||||22,940
58,129
-||
19,103
47,997
27,500|| |Clinical supervision
Co-op Resilience
Charitible Activities
Charitible Activities||||2,635
82335||300
-|| |||||,|||| ||||||||| |||1,726,644
1,393,256|||||| continued... Page 19 **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** |**7.**
**8.**
**9.**
**6.**
Bad debts
**SUPPORT COSTS**
Charitible Activities
Charitible Activities
**RAISING FUNDS**
**Other trading activities**
**CHARITABLE ACTIVITIES COSTS**
Auditors' remuneration
Auditors' remuneration for non audit work
Depreciation - owned assets
Hire of plant and machinery
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):|Direct
Costs
£
1,814,428
Finance
£
20,830
2023
£
1,836
2023
£
5,650
-
20,829
3,488
Support
costs (see
note 8)
£
27,630
Governance
costs
£
6,800
Totals
£
27,630
Totals
£
1,842,058
2022
£
7,708
2022
£
5,040
1,260
18,367
4,680| |---|---| ||,| ||| ||| ## **10. TRUSTEES' REMUNERATION AND BENEFITS** There were no Trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no Trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. continued... Page 20 **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **11. STAFF COSTS** |Full time equivalent
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:|2023
98
2023
£
1,425,104
93,098
29,604
1,547,806|2022
£
1,312,910
82,080
23,202
1418192| |---|---|---| |||,,| |||2022
61| No employees received emoluments in excess of £60,000. ## **12. TANGIBLE FIXED ASSETS** |**COST**
At 1 April 2022
Additions
At 31 March 2023
**DEPRECIATION**
At 1 April 2022
Charge for year
At31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022
£
|534,234
441,430
256,533
14,024
270,557
Freehold
property
697,963
106,828
804,791
19,488
21,986
2,998
2,498
5,496
Improvements
to
property
£
24,984
-
24,984|25,653
4,307
29,960
9,453
9,437
Fixtures
and
fittings
£
35,090
4,323
39,413|Totals
£
758,037
111151| |---|---|---|---| ||||,| ||||869,188
285,184
20829| ||||,| ||||563175
306,013| ||||,| ||||472,853| The improvements to furniture, fixtures and fittings are all used directly for charitable purposes. In accordance with the FRS 102, freehold buildings are depreciated over their useful life. The depreciation does not necessarily reflect an actual diminution in value. continued... Page 21 **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **13. FIXED ASSET INVESTMENTS** |**FIXED ASSET INVESTMENTS**|| |---|---| ||Listed| ||investments| ||£| |**MARKET VALUE**|| |At 1 April 2022|145,787| |Revaluations|2,161| |At 31 March 2023|147,948| |**NET BOOK VALUE**|| |At 31 March 2023|147,948| |At 31 March 2022|145,787| There were no investment assets outside the UK. Included in the above market valuation are the following shareholdings which all represent more than 5% of the total market valuation; Barclays PLC Experian PLC Burberry PLC Reed Elsevier PLC M&G Charities Investment Fund Cost or valuation at 31 March 2023 is represented by: Listed investments £ Valuation in 2021 145,787 Valuation in 2022 2,161 147,948 |**14.**
Trade debtors
Bad debt provision
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||2023
£
40,084
-
40,084||2022
£
261,326
(30,768)
230,558| |---|---|---|---|---| continued... Page 22 **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |---|---|---|---|---| |Bk l d dft t 16||2023
£
7||2022
£
-| |an oans an overras (see noe )
Trade creditors
Social security and other taxes
Other creditors
Company pension
Accruals and deferred income
Income in advance||
9,757
17,975
-
6,893
7,512
41,636
83,780||2,601
7,338
13,638
6,363
7,012
104,314| |||||141,266| **16. LOANS** An analysis of the maturity of loans is given below: |Amounts falling due within one year on demand:
Bank overdrafts|2023
£
7
2022
£
-| |---|---| ## **17. MOVEMENT IN FUNDS** |**TOTAL FUNDS**
**Unrestricted funds**
General fund
Revaluation reserve|At 1/4/22
£
735,245
217,157
952,402
952,402
Net
movement
in funds
£
96,735
-
96,735
96,735
At
31/3/23
£
831,980
217,157
1,049,137
1,049,137| |---|---| Net movement in funds, included in the above are as follows: |£
**Unrestricted funds**
General fund 1,938,468|Incoming
resources|Resources
expended
£
(1,843,894)|Gains and
losses
£
2,161|Movement
in funds
£
96,735| |---|---|---|---|---| |**TOTAL FUNDS**|1,938,468|(1,843,894)|2,161|| |||||96,735| continued... Page 23 **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **17. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** |**TOTAL FUNDS**
**Unrestricted funds**
General fund
Revaluation reserve
**Restricted funds**
Projector
Meeting room equipment
Fire fund|At 1/4/21
£
783,399
217157|Net
movement
in funds
£
(59,193)
-|Transfers
between
funds
£
11,039
-|At
31/3/22
£
735,245
| |---|---|---|---|---| ||,|||217,157| ||1,000,556
700
1,393
20,069
22,162
1,022,718|(59,193)
-
-
(11,123)
(11,123)
(70,316)|11,039
(700)
(1,393)
(8,946)
(11,039)
-|952,402
-
-
-| |||||| |||||-| |||||| |||||952,402| |||||| Comparative net movement in funds, included in the above are as follows: |**TOTAL FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Fire fund
£ £|1,620,111
-
(11,123)
(1,701,026)
Incoming Resources
resources expended
1,620,111 (1,689,903)|10,599
-
Gains and
losses
£
10,599|Movement
in funds
£
(59,193)
(11,123)
(70,316)| |---|---|---|---| ## **18. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. Page 24 **Detailed Statement for Financial Activities for the Year Ended 31 March 2023** |**Other income**
Bank interest received
**Total incoming resources**
**Investment income**
Other fixed asset invest - FII
Deposit account interest
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Shop
**Other trading activities**
Service user contribution
Training
University/college placements
Cleaning income
Building usage
**Charitable activities**
Northamptonshire County Council and Daventry
and South Northants PCT
Navigator service income
Grants
Members Self Funding
Support services
Adult care management
Social care and health funding
Individual budgets ISF
Market Harborough contract
Activity income NGH
Activity income SHAPE
Clinical supervision
Co-op Resilience|2023
£
83,489
67,618
151,107
19,759
2,862
16,440
4,759
10,404
54,224
5,254
1,239
6,493
269,429
695,727
137,238
61,223
344,116
26,720
26,152
-
22,940
58,129
-
2,635
82,335|2022
£
122,495
43169| |---|---|---| |||,| |||165,664
39,197
363
10,690
3,358
1866| |||,| |||55,474
5,710
6| |||| |||5,716
217,737
552,052
18,126
27,416
443,233
28,429
9,580
1,783
19,103
47,997
27,500
300
-| |||| ||1,726,644
-|1
1,393,256| |||| ||1,938,468|1,620,111| This page does not form part of the statutory financial statements Page 25 **Detailed Statement for Financial Activities for the Year Ended 31 March 2023** ||2023
|2022
| |---|---|---| |**EXPENDITURE**|£|£| |**Governance costs**
Auditors' remuneration
Carried forward
**Other trading activities**
Bad debts
**Charitable activities**
Staff costs
Social security
Pensions
Hire of plant and machinery
Rent and rates
Insurance
Light and heat
Printing and stationery
Advertising
Cleaning and misc.
Communications
Repairs/maintenance
Provision of activities
Legal and professional
Subscriptions, publications
Security
Training
Fund seeking activities
Volunteers expenses
Travel
Bank charges
Counselling
Computer costs
Miscellaneous
Supervision
Recruitment
Central:SHARPE expenses
**Support costs**
**Finance**
Freehold property
Improvements to property
Fixtures and fittings|1,836
14,024
2,498
4,308
20,830
5,650
5,650
1,425,104
93,098
29,604
3,488
41,792
14,267
26,030
10,660
1,221
28,145
15,295
12,668
1,797
14,240
3,307
2,757
4,742
292
1,351
23,653
1,153
12,910
22,960
6,477
10,490
6,927
-
1,814,428|7,708
1,312,910
82,080
23,202
4,680
31,542
10,057
23,109
6,867
3,856
14,311
16,042
15,250
2,289
10,236
1,197
1,708
8,702
595
503
6,157
827
-
20,199
29,327
21,048
3,586
15,402| |||13,959
500
3,908
1,665,682| |||5,040
5,040
18,367| This page does not form part of the statutory financial statements Page 26 **Detailed Statement for Financial Activities for the Year Ended 31 March 2023** |**Governance costs**
Brought forward
Auditors' remuneration for non audit work
Accountancy and legal fees
Total resources expended
**Net income/(expenditure) before gains and**
**losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset
investments
**Net income/(expenditure)**|2023
£
5,650
-
|2022
£
5,040
1,260
| |---|---|---| ||1,150|2,969| ||94,574
2,161
96,735
6,800
1,843,894|9269| |||,| |||1,701,026
(80,915)
10599| |||,| |||(70,316)| This page does not form part of the statutory financial statements Page 27