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2021-03-31-accounts

Registered number 03150505

Meridian Wellbeing

Report and Accounts

31 March 2021

Meridian Wellbeing Report and accounts Contents

Page
Directors' report 1-5
Statement of directors' responsibilities 6
Independent examiner's report 7
Statement of financial activities 8
Income and expenditure account 9
Balance sheet 10
Notes to the accounts 11-16

Meridian Wellbeing Registered number - 03150505

Directors' Report

The directors present their report and accounts for the year ended 31 March 2021.

Reference and administrative details

Charity number: 1058934
Company number: 3150505
Principal office: Meritage Centre
Church End
Hendon
NW4 4JT
Independent examiner: R B Thakkar of Such & Co Associates Limited
Office D 160
New Covent Garden Market
London
SW8 5LL
Bankers: National Westminster Bank PLC
403 Bethnal Green Road, London E2 0AF
CAF Bank Limited
25 Kings Hill Avenue, Kings Hill, West Malling Kent ME19 4JQ
Directors and trustees
The following served as directors and members of the council:
Shun Au - OBE - Chair
Dr. Stephen Hiew - Treasurer
Lulu Langtree - Honorary Secretary
Jason Chan

Chief Executive Officer & Company Secretary - L Lee

Structure, Governance and Management

Governing Document

Meridian Wellbeing (previously Chinese Mental Health Association) is a company limited by guarantee governed by its Memorandum and Articles of Association dated 4 October 2002. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the company and there are currently 4 each of whom agree to contribute £10 in the event of the charity winding up.

Appointment of trustees

The board of Trustees (also known as the Management Committee) is elected annually at the AGM. The board may appoint new trustees by co-option during the year. In accordance with the Articles of Association, all members of the Management Committee for the time being shall retire from office at the AGM, but are eligible to stand for re-election.

Trustee induction and training

New trustees undergo an orientation to brief them on their legal obligations under charity and company law, the contents of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity. During the induction they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Organisation

The board of trustees, which shall have the minimum number of four, administers the charity. The board meets at least four times in a year. A Chief Executive is appointed by trustees to manage the day to day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and the furtherance of the Charity's principle objective.

1

Directors' Report

Meridian Wellbeing Registered number - 03150505

Related parties

As far as the trustees are aware no party has influence over the financial and operational policies of the charity.

Risk management

The trustees have a risk management strategy which comprises:

(1) an annual review of the risks the charity may face;

(2) an annual review of the systems and procedures to mitigate those risks identified in the plan;

and

(3) the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.

This work has identified minimal risks and it has resulted in better emergency procedures and contingency plans. Particular attention has focused on non financial risks arising from fire, health and safety of its work force including volunteers and the service users. A key element in the management of financial risk is setting of a reserves policy and its regular review by trustees.

Objectives, achievements and performance and financial review

This year has seen the combination of the challenges brought by the pandemic and the rebranding of the organisation to Meridian Wellbeing opening new innovative avenues for our development. We were successful in not only maintaining our core services but created new services through our digital platform to open a multitude of possibilities. The organisation has increased its reach to support over 5,000 unique individuals with over 65% being from BAMER communities.

We were successful in securing grant funding from the City Bridge Trust to continue the Chinese Wellbeing Services; our IAPT service in partnership with Barnet, Enfield and Haringey Mental Health Trust (BEHMHT) has continued delivering vital talking therapy services; and the Barnet Wellbeing Hub (BWH) is now recognised by Barnet Council as a critical component of the local Prevention and Wellbeing offer.

The successive lockdowns and restrictions have proved challenging for organisations to consolidate and continue their delivery remotely. However, it is testament to the determination, perseverance and sense of duty to the community that not only was a highly successful work from home policy and digital delivery implemented, but the team embarked upon a tremendous journey of innovation and creativity to support the community in their time of most need.

The team’s strategy to rapidly move to digital delivery via the Zoom platform and train and support volunteers in the use of the systems was highly successful in tackling the digital divide; promoting digital inclusion in our existing groups and encouraging access online. Written guides and later video guides were produced to enable and empower staff, volunteers and service users to continue working remotely. This effort in the Chinese Wellbeing Services enabled our Chinese community to access culturally specific activities digitally, with elderly members over 90 years old joining in on Tai Chi, singing and other exercises from their own homes; these activities were often the only form of exercise and indeed interaction with others during the lockdown.

This can-do attitude carried through with the continuation of our IAPT service delivery via remote means. Therapists showed a true willingness to operate out of their comfort zone and deliver therapy remotely, via video and telephone. We are proud that the organisation still maintained its delivery across all services, including the outreach and awareness Wellbeing Workshops, Step 2 Guided Self-Help interventions, Step 3 Counselling and the introduction of Step 3 CBT (Cognitive Behavioural Therapy) in April 2021. The team have shown true willingness to offer high quality therapeutic support remotely, adopting new approaches and learning new remote techniques to build therapeutic relationships and meet the recovery rate and access targets; despite the pandemic, performance across all modalities was impressive, delivering 47% above the target for assessments conducted and achieving 10% above target in Step 3.

The stellar effort was seen none more so than in the Barnet Wellbeing Hub (BWH). Recognising the greater need for mental health support the team worked to define the service as the mental health social prescribing gateway. The service works alongside the relatively newly introduced GP practice based Social Prescribing Linkworking service, providing a bridge for local residents to access mental health and wellbeing support both in the community and in statutory services. Over 1,350 Emotional Health Checks were completed throughout the year to local residents, with more than 30% of these coming from professional referrals. They were connected to over 2,900 services and activities in and around Barnet, 243 of which were introduced to IAPT services and more than 264 connected to in-house Housing Legal Advice service.

The pandemic and lockdowns have had an immense impact on the communities’ mental health and wellbeing. With many services closed for face-to-face engagement, it was a mammoth challenge for the Wellbeing Navigators to connect individuals, primarily to remote provision. Many cases have presented with a higher rate of comorbidity and severity, with unfortunately a greater proportion of individuals accessing the service presenting with suicidal thoughts, and thoughts of self-harm.

2

Meridian Wellbeing Registered number - 03150505

Directors' Report

Objectives, achievements and performance and financial review - 2

This has led to around 45 individuals being discussed weekly at the Joint Case Management (JCM) meeting, a multidisciplinary team discussion combining the expertise of clinicians in the NHS operating in the IAPT and Primary Care Linkworking Teams, as well as the expertise from The Network Adult Social Care enablement team, and alongside community expertise from the BWH and Learning Disability and Autism specialists. It is through this platform that these complex cases were kept safe, and wellbeing plans formulated to support the individuals; around 96% of the 500 cases discussed were kept safely in the community and not requiring secondary care interventions.

This effort continued with other BWH activities including the Wellbeing Café, which continued to run monthly online with no disruption. Chair Yoga, Creative Flower Workshops, dancing activities, wellbeing workshops converted to wellbeing webinars and much more also moved swiftly to digital platforms; it included a series of 6 wellbeing day activities delivered in partnership with other local charities as well as the provision of music therapy sessions and a therapeutic Arts course; a monumental team effort culminating in 100 online activities delivered each month.

These activities were made possible by our consecutive funding successes from the London Community Response Fund (LCRF) Wave 2, 3 and 4 and the National Lottery Community Fund (NLCF) that provided the grant funding to enable the further development of our digital platform. In the space of 6 months between September and February 2021, 622 online activities were held with a total attendance of 6,571 people, with close to four thousand attending physical activities. This is an astounding achievement by the team in such a short timeframe.

The funding enabled the delivery of a wide variety of activities on our digital platform, all accessible from our new website launched in November 2020. The outcomes of our rebrand has enabled a truly astonishing 23,000 views of the website in the first 6 months, with over 13,000 which were unique viewers. Over 650 individuals have subscribed to our weekly newsletter and growing, all receiving up-to-date information on the pandemic and our various activities.

The NLCF funding also enabled the development of our Peer Support Club. 29 volunteers were recruited and provided vital support to 82 unique service users. Trained through weekly sessions provided by a qualified therapist, this Peer Led co-produced project helped to tackle the social isolation and the disproportionate effect of the pandemic on those suffering with mental health issues. The project encouraged social connections, tackling loneliness and building selfresilience through engaging with virtual interactions via one-to-one and group-based support; such has been the success of providing the opportunity to ‘help out’ and the mutual benefits of regular contact, the group-based activities have continued beyond the life of the project and includes peer-led Festive Fun Days, International Women’s Day events, World Mental Health Day, and more.

The team showed a desire to support disseminating important and accurate information on the pandemic in a live and interactive way. Although not direct project deliverables, this led to a series of blog articles on Covid-19 related topics including vaccinations and impacts of mental health due to the lockdown and isolation. These were complemented by ‘The Word on Wellbeing’ podcast series that invited guests such as local Clinical Mental Health and Adults Safeguarding Board leads, as well as an esteemed epidemiologist, Local MP’s and Councillors, and importantly our service users for their perspective. These episodes gave a voice to the experts and opened discussions around the impacts of the pandemic and the socio-economic issues people experienced during the lockdowns.

Having a voice was also at the heart of the Hate Crime Project. The pandemic brought to the public eye the underlying anti-Chinese/Southeast Asian sentiment in pockets of society. Our project aimed to raise awareness of Hate Crime and provided information for the community, with direct Advocacy and Advice support provided by our partners at the Chinese Association of Tower Hamlets (CATH) and through a series of six webinars inviting guests to speak about Hate Crime and invite the community around London and indeed across the country to find out more.inviting guests to speak about Hate Crime and invite the community around London and indeed across the country to find out more.

Presentations included guests such as Unmesh Desai, the Chair of Police and Crime Committee, and Sara Owen MP for Luton North who shared her own experience being British Chinese. Over 240 unique individuals attended the series of 6 online awareness sessions, complemented by the 15 tablets shared through our Digital Inclusion element of the project and 11 ‘How-To’ digital inclusion video guides delivered in Chinese. 146 vulnerable individuals were supported via direct interventions, of which 89 were new to our service.

We also successfully secured a Wave 4 funding from the LCRF to run a Winter programme to support vulnerable people through the lockdown over the winter months. This programme delivered a series of 10 activities on a weekly basis, helping to tackle the isolation and loneliness experienced by our beneficiaries over the festive period, and continued to run until the early Spring.

We were pleased to capture these achievements throughout the pandemic not only via our internal reports but through the voices of our service users. We were pleased that the amazing amount of work has been documented and reviewed by an independent evaluator, Therapeutic Solutions. Through the evidenced work and interviews with the service users the evaluation report ~~ex~~ hibited that those who accessed our service were better able to cope during the last year.

3

Meridian Wellbeing Registered number - 03150505

Directors' Report

Objectives, achievements and performance and financial review - 3

We look back at this tumultuous period of uncertainty with great pain and sorrow for those that have suffered and have lost their loved ones; but also with immense pride and admiration at the truly tremendous efforts and astounding support that the managerial and staff team have delivered to the community. The Management Committee would like to thank the managerial team and staff for their unwavering diligence and conscientiousness, as a shining beacon of hope and innovation in the community in the most challenging of times.

We can now look forwards armed with better knowledge to continue to support the community and make further strides to reach those in need. It is without doubt that the experience has made Meridian Wellbeing a stronger organisation. The future holds great promise with greater close collaboration work with NHS Trusts, and the potential for further growth in our IAPT service. The pandemic is still with us, but it is with determination that we face the continued adversity and challenges with a renewed motivation for innovation and creativity.

Our thanks go to the Management Committee for their steadfast support, providing the encouragement and positive enthusiasm to help the organisation continue to develop and grow. We go into the new financial year with caution and prudence, but with determination and confidence to tackle this adversity through creativity and innovation, and the belief we will come out of this pandemic with renewed vigour and dynamism as a stronger organisation.

As part of this business planning process Meridian Wellbeing has identified the following strategic objectives for the subsequent period:-

(1) To continue to provide a high quality of wellbeing services to the generic population in Barnet, the Chinese Community all over London and UK, setting the highest quality standard.

(2) To identify new sources of funding for the organisation so that it can meet the increasing demands for its services.

(3) To promote the development of a highly qualified workforce using a comprehensive training programme.

We welcome the views and contributions of all our service users and their families. If any one wishes to comment on our strategic objectives or any other aspect of our annual report please write to:

Shun Au - OBE Chair Meritage Centre Church End Hendon NW4 4JT

Or e-mail; info@meridianwellbeing.com

Investment power and policy

Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees wish. However, bearing in mind the liquidity requirements of providing high quality direct services such as counselling, advice and information to the Charity's beneficiaries of all ages, the trustees have decided to keep available funds in an interest bearing deposit account.

Reserve Policy

The management committee has established a policy of working towards maintaining unrestricted funds which is a general fund to be available for use at the discretion of the directors/trustees in furtherance of the general charitable objectives. The directors have identified three purposes to which the unrestricted fund is earmarked and note no.13 is showing the analysis of the fund.

4

Mtrrfdlan Wellb8lng Registered numb8r- 031SO505 OirtctDrs' Report lan¥ for futu frrlods A $19nificanl part of ¢￿￿OrK will be aire¢tBd lowards incre8Sln9 capacity lo provide a ￿￿er r8nge ofwèllbeing seNces lo the Charit￿$ beneficiaries and developing a fully fledged WellbBing C8ntre. Inderrtni Insurancè The charily has Insur￿ againsl loss arisiny from the neglect or def8ubl of any of the Mana9emenl Comrnille8 Members. InsuranTr. againsi the p055ibility ol clalms. arising Ouring the cour$9 of assistance providgd by 118 Wotkers. already In place and is also continuirw. This report has been prepared in accordance wlh the provlsions ￿n Part 15 of the Companles Act 2LN)6 applicabÈ lo companies subject to the small companies regime. Dlrectors. res nslbllltlèts The diiectors are fftsponsible for preparing Ihe report and a￿oUnt$ in 8ccordance w4th applicable law and regulations and in doing so.. fflakejudgements and &Slimates ￿81 ara reasonable and pmdent.. p￿pare the aGcounts on tThÈ going concem basis unle55 11 Is inappropiiale lo presume that l>ts company wlll eoniinuÈ In business. This ￿POrt has been prepared in ac￿rdance wlh the prowsions in Parf 15 of the compa￿8$ Aci 20( applicable to r￿panIeS 8ubjed lo Ihe sm811 companies re9ime. On behalf of board of truslges -shun Au Dalea.. 16 De¢ 2021

Meridian Wellbeing

Statement of Directors' Responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

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

6

Mertdian Wellbfring Independent examlnoV$ report to the tru8tee5 of M8rfdlan Wellbelng I report on the 8¢COUnts of Ihe company for the ye¥ end8d 31 March 2021 Thi5 report is made sclely lo the charity'$ trustees, as a body, in accordance viith the regulabcns under part 8 and secuon 130 to 173 of the Charities Act 2011. My work was und•rtaken so Ih811 mighl slate to the charty's Irusiees Ihose mailers l am required 10 Stsle lo them in an independ8ni exafflin8¢8 report and for no other purpose. To the fullest exieni pertnilled by lav4. I do not accept or assume responsibility to anyone other than the charity and th9 charity's Iwsl8es a5 9 body, for my work. for Ihis report. oi for the opinion I have formed. RespÈcti¥o r88ponslbllltles of truste8¥ and the ex8miner The trus18e¥' Iwho are 4lso Ihe directors of thp cornpany for the pvrp05es of company lawl ar re5pon$ible lor the preparation of th8 aecounls. The trusle8s con5éer Ihal an audit is not r9quir8d for Ihis yeai undw section 144121 of Charities Acl 2011 Ilhe 2011 Acti thai an Independent examination 1$ needed and l am qualified to und&rt8ke the 8xaming1itsi by being a member of the Association of Charterg¢ co￿fied Accountants. Having satisfied myself that the charity is not suble¢i 10 8udll under company law 8tKJ is eliglblè fcr indepen¢Jenl examination, St18 my respts)sibility to.. ex8mine Ihg acwunts under section 145 of the 2011 Aci., lo follow the prwedures laid in Ihe gener81 directions given by the Charity Cotnmission under $VClion 14515llbl of Ihp 2011 &1.. gnd 21 to stale whalher particular Tnallers hav wme to my attention. Bas55 of Indepondent 8xarnlnerfs report My ex8min81ion was carried out in ac¢cKdance wrth the general directions given by the Charity Cotnmission. An examination includ8s a review of the accounting roccKds kept by the charity 8 mpariscffi of the accounts pres8nled with those records. It also includes consideration of any unusual items or disclosures in the accounls, and seeking explan81ion5 from you as trustees conctrrning any such matters. The procedures undertaken do not provide all the evidence that woukj be required In an 8udit and ¢onsequenlly no opinion Is given 8$ to whether the accoun1$ present a 'InJe and lair ¥￿w, and tho report is limlled to IhDse tnallers sel out in th8 Stslernenl bBIow. Indepfjndont examinerf8 Stement In conn&tion ￿th tny examin81ion. no material maller has coma to my 8tt8nUon'. which gives m6 reason8ble cause lo b8litve that In any malerlal r85pect tha wuiremenl8". lal lo keep 8c¢ounlirvJ records in accordance wilh section 386 of the Companies Act 2006 and section 130 of Charities Aci., and to prepare accounts which attord wlh the afjcounling records, comply with the a￿oUntIng reouirgments of sedion 396 of the Companies 2006 and witn the mpthods anil principks of the 8tstemenl of Recommend9d Practi¢e'. Accounting and RepoKling by Charilies Ibl hav& not b6en met", or lo which, in my Opin￿￿, attent￿n $￿Uld b8 draY4n in Lydar to engbl& a propw understanding of tha accounts to b8 wched. R B Thakkar FCCA Such & Co Assooale8 Limited Association of Chartpred Certified Aewunlants Omice D-160 Naw Covent Garden Market Lond¢￿ SW8 5LL Dated.. 16 Dec 2021

Meridian Wellbeing

Statement of Financial Activities

for the year ended 31 March 2021

Notes
INCOMING RESOURCES
Income resources from generated funds:
Voluntary income
- Grants receivable
- Other income
- Fundraising
4
HMRC - JRS Grant
Bank deposit interest
RESOURCES EXPENDED
Cost of generating funds
5a
Charitable activities
5b&5c
Governance costs
6
EXCESS OF INCOME OVER OUTGOINGS
FUNDS BROUGHT FORWARD
FUNDS CARRIED FORWARD
Income from grants and donations and activities
- Fundraising costs of grans and donations
- Preservation and safeguarding of mental health and of
the wellbeing of its benefaciaries		 Restricted
£
157,367
157,367
-
157,367
-
131,571
15,896
147,467
9,900
-
9,900		 Unrestricted
£
324,434
324,434
2,008
68
326,510
3,000
260,293
26,315
289,608
36,902
172,799
209,701		 Total
2021
£
157,367
324,434
-
481,801
2,008
68
483,877
3,000
391,864
42,211
437,075
46,802
172,799
219,601		 Total
2020
£
-
368,894
17
368,911
219
369,130
2,500
303,151
39,903
345,554
23,576
149,223
172,799

8

Meridian Wellbeing Income and expenditure account for the year ended 31 March 2021

Notes
INCOMING RESOURCES
4
CHARITABLE AND ADMINISTRATIVE EXPENSES
OPERATING SURPLUS
HMRC - JRS Grant
Interest receivable
SURPLUS BEFORE TAXATION
Taxation
8
Opening surplus of funds
SURPLUS CARRIED FORWARD		 2021
£
481,801
(437,075)
44,726
2,008
68
46,802
-
172,799
219,601		 2020
£
368,911
(345,554)
23,357
219
23,576
-
149,223
172,799

9

Meridian Wellbeing Reglstered number- 03150505 Balance Sheet as at 31 March 2021 Notes 2021 2020 Flxed assets Tangible assets 6,738 11,838 Current a55ets Oeblors Cash at bank and in hand 10 49,619 201,680 251,299 39,544 145,622 185,166 Credltors: amounts falling due wtthin one year 11 (38.4361 124,2051 Net current assets 212,863 160,961 Net assets 219,601 172,799 Capital and resenie5 Restricted Unrestricted Premises reserve fund Contractual fund Operational fund 13a 14a 9,900 209,701 172.799 40,000 20.000 149,701 209,701 30,000 15,000 127,799 172,799 219,601 172,799 The directors are sallsfied that the company is entitled lo exempliDn from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not requirod the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The a¢wunts have been prepared and delivered in accordance wth the special provisions applicable to companies subject lo the small companies regime. The profit ancl loss account has not been delivered lo the Registrar of Companies. Shun Au Director Approved by the bo on 16 December 2021 10

Meridian Wellbeing Notes to the Accounts for the year ended 31 March 2021

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and local authorities grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Interest receivable

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

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Trust’s work or for specific charitable projects being undertaken by the organisation.

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. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

11

Meridian Wellbeing Notes to the Accounts for the year ended 31 March 2021

Allocation of support costs

Support costs are those costs that assist the project and includes administration and establishment expenses incurred or attributed while carrying out the work of the project.

Tangible fixed assets

Individual fixed assets costing £150 or more are capitalised at cost.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant, machinery and MV

25% straight line

Operating leases

The charity classifies the office lease as operating lease and rental paid under the lease are charged to Revenue Account on a straight line basis over the period of the lease.

Debtors

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

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pensions

Existing employees of the charity were entitled to join the Workplace Pension Scheme which is funded by contributions from employee and employer. Additionally for one employee, the charity has undertaken to take out an Additional Voluntary Contribution scheme.

Legal status of the Trust

The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5 per member of the charity.

12

Meridian Wellbeing Notes to the Accounts for the year ended 31 March 2021

Resources expended

Charitable activities:

Directly attributable costs and appropriate level of overheads incurred in respect of promoting the preservation and safeguarding of mental health and the relief of persons suffering from mental illness and distress are treated as expenditure for charitable activities.

Governance costs:

This represents expenses relating to the management, organisational administration and compliance work and include the appropriate level of overheads. Such costs are allocated to each project on the basis of revenue generated by each project and estimated appropriation of some of the overheads by each project.

2 Cost of generating funds:

This represents fundraising costs which include appropriate apportionment of staff members' remuneration who are engaged directly in fundraising. Also apportioned is the appropriate level of overheads.

All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of resources. Costs relating to particular projects on hand are allocated directly where appropriate, others are apportioned on an appropriate basis e.g labour cost, revenue or estimated usage.

3
Employees
Average number of persons employed by the company
4
INCOME RESOURCES
2021
2021
£
£
Restricted
Grants, donations and other income
Covid 19 Response and Transition
Project - LCRF Wave 2
9,740
Covid 19 Mental Health Digital Hub -
NLCF & HM Government
48,393
Covid 19 Response Project for the
Chinese Community - LCRF Wave 3
35,782
Covid 19 Partnership Project Led by
Barnet CAB - LCRF Wave 3
2,852
Chinese Wellbeing Services - City Bridge
Trust
50,700
Covid 19 Winter Project - LCRF Wave 4
9,900
157,367
Unrestricted
Contract, donations and other income
- Core Fund from City bridge trust
12,675
- Core Fund from Indigo Trust
10,000
- Others
301,759
324,434
Fundraising
-
481,801		 2021
Number
10
2020
£
-
-
-
-
-
-
-
-
368,894
17		 2020
Number
8
2020
£
-
-
-
368,894
17
368,911

13

Meridian Wellbeing Notes to the Accounts for the year ended 31 March 2021

5 Resources Expended

a
Fund raising costs of Grants and
Donations
Staff costs
Apportionment of Governance Costs
b
Charitable Activities - Restricted
Staff Costs
Support and Project costs
Apportionment of Governance Costs
c
Charitable Activities - Unrestricted
Staff Costs
Support and Project costs
Apportionment of Governance Costs
6
Analysis of Governance Costs
Staff Costs
Depreciation
Support costs
Accountancy & Independent
examiners's fees
General office administartion and establishment
7
Operating surplus
This is stated after charging:
Depreciation of owned fixed assets
Pension costs
Accountancy & Independent examiner's fees
Wages and Salaries
Sessional & freelance worker
Social security costs
The
average
number
of
employees,
including
volunteers employed by the organisation during the		 3,000
-
3,000
115,468
16,103
131,571
15,896
147,467
236,183
24,110
260,293
26,315
286,608
9,235
350
1,722
1,800
29,104
42,211
2021
£
6,070
5,735
2,000
250,327
75,589
27,911
60		 2,500
1
2,501
-
-
-
-
-
275,442
27,709
303,151
39,903
343,054
3,516
-
503
2,080
33,804
39,903
2020
£
8,294
8,616
2,080
204,000
48,857
21,369
55

8 Taxation

As the organisation's activities are exempt from taxation, no provision for corporation tax has been made.

14

Meridian Wellbeing Notes to the Accounts for the year ended 31 March 2021

9 Tangible fixed assets

Cost
At 1 April 2020
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
10
Debtors
Accrued income and prepaid expenses
11
Creditors: amounts falling due within one year
Creditors
Taxation and social security costs		 Plant and
machinery
etc
£
54,903
54,903
43,065
5,100
48,165
6,738
11,838		 2021
£
49,619
2021
£
35,897
2,539
38,436		 2020
£
39,544
2020
£
19,400
4,805
24,205

12 Other information

Meridian Wellbeing is a private company limited by guarantee and has no shares capital. Each member's liability in the event of being wound up is not exceeding ten pounds.

15

Meridian Wellbeing Notes to the accounts for the year ended 31 March 2021

13a Restricted - This year
Covid 19 Response and Transition Project - LCRF Wave 2
Covid 19 Mental Health Digital Hub - NLCF & HM Government
Covid 19 Response Project for the Chinese Community - LCRF Wave 3
Covid 19 Partnership Project Led by Barnet CAB - LCRF Wave 3
Chinese Wellbeing Services - City Bridge Trust
Covid 19 Winter Project - LCRF Wave 4
13b Restricted - Last year
14a Unrestricted - This year
Bank deposit interest
Fund raising
HMRC - JRS Grant
14b Unrestricted - Last year
Bank deposit interest
Fund raising
Contract, donations and other income
Contract, donations and other income		 Balance
01-Apr-20
£
-
-
-
-
-
-
-
-
Balance
01-Apr-20
164,164
8,635
-
172,799
140,807
8,416
-
149,223		 Grants &
Donations
£
9,740
48,393
35,782
2,852
50,700
9,900
157,367
-
Grants &
Donations
324,434
68
-
2,008
326,510
368,894
219
17
369,130		 Staff
Costs
£
8,070
43,789
18,235
2,250
43,124
-
115,468
-
Staff
Costs
236,183
-
3,000
-
239,183
275,442
-
2,500
277,942		 Project
Costs
£
-
-
14,498
1,005
-
15,503
-
Project
Costs
13,556
-
-
-
13,556
27,709
-
-
27,709		 Other
Costs
£
-
-
-
240
360
-
600
-
Other
Costs
10,554
-
-
-
10,554
-
-
-
-		 Governance
Cost Shared
£
1,670
4,604
3,049
362
6,211
-
15,896
-
Governence
cost shared
26,315
-
-
-
26,315
39,902
-
1
39,903		 Balance
31 March 2021
£
-
-
-
-
-
9,900
9,900
-
Balance
31 March 2021
201,990
8,703
(3,000)
2,008
209,701
166,648
8,635
(2,484)
172,799

16