Registered number 3404770
Wirral Mind
Report and Accounts
31 March 2021
## **Wirral Mind**
## **A Company Limited by Guarantee Report and accounts for the year ended 31 March 2021 Contents**
||**Page**|
|---|---|
|Trustees' Annual Report|1-6|
|Independent auditors' report|7-9|
|Statement of Financial Activities|10|
|Balance sheet|11|
|Cash flow statement|12|
|Notes to the accounts|13|
## **Wirral Mind**
## **A Company Limited by Guarantee Trustees' Report (including the Directors' Report)**
The Trustees present their report and financial statements for the year ended 31 March 2021
## **Company Information**
## **Directors**
Ms P Chadderton - Acting Chairman Mr N Hewitt - Treasurer Mr R.W. Nicholas Mr J.B. Adams Mr S Maddox - resigned 25 March 2021 Ms M Davies - resigned 5 November 2020 Mr K Henshaw Dr C O'Brien Mr F Hession - resigned 17 September 2020 Ms C Atherton Ms J Porter Dr C Vora - appointed 2 December 2020 Ms E Fowler- appointed 25 March 2021 Ms J Owens - appointed 22 May 2021
## **CEO**
Mrs S Gilbert
## **Investment Managers**
Chartwell Wealth Management 8 Abbotts Park, Preston Brook Cheshire WA7 3GH
M&G Charifund PO Box 9038 Chelmsford TM99 2XF
BlackRock PO Box 545 Darlington , DL1 9TQ
## **Auditors**
KPH Audit & Assurance Services Limited 255 Poulton Road Wallasey, Merseyside CH44 4BT
**Bankers** Royal Bank of Scotland 1 Dale Street Liverpool, L2 2PP
**Bankers** Lloyds Bank PO Box 1000 BX1 1LT
## **Bankers**
United Trust Bank 1 Ropemaker St, London, EC2Y 9AW
## **Registered office**
90-92 Chester Street, Birkenhead, Wirral, CH41 5DL
**Registered number** Company 3404770 Charity 1064007
1
## **Wirral Mind**
## **Trustees' Report (including the Directors' Report) For the year ended 31 March 2021**
## **Structure, governance and management**
## Governing document
Wirral Mind is a company limited by guarantee governed by its Memorandum and Articles of Association, and its governing document. It is registered as a charity with the Charity Commission.
## Appointment of trustees
Wirral Mind's Executive Committee are also Trustees of the Charity and Directors of the company. Members are elected by Annual General Meetings of the members of Wirral Mind, with casual vacancies filled, as required , by the Executive Committee in accordance with the Articles of Association.
## Trustee induction and training
New Trustees are issued with an induction booklet specifically for trustees of Wirral Mind, which sets out their roles and responsibilities. Training courses are arranged with an appropriate training provider, face to face and/or online and all Trustees are encouraged to attend training courses which are appropriate to their role in the organisation.
## Risk management
The Executive committee has undertaken a full assessment of all risks, and has set out measures to mitigate these risks
## **Objectives and Activities**
Wirral Mind exists to promote mental health: to foster and encourage greater understanding of mental health problems; to aid the development of and to provide good quality voluntary and statutory services to those suffering from mental health problems and mental stress. To represent the concerns and common interests of users of the service, their families, service providers and members of the public.There is unrestricted access to our services for all affected by such conditions. In consequence the activities deliver public benefit.
## The main activities are:
Supported housing - provision of housing in independent flats operated by the charity. Residential housing- provision of residential care in flats operated by the charity Counselling
Learning and Life - training
Fountain Project - a drop in centre for service users, providing support and activity Counselling
The charity is dependent upon voluntary help, and there are currently around 29 volunteers. The majority of the work done by the volunteers is befriending and counselling. However there are also volunteers assisting as support workers and in administration.
We estimate that without this volunteer help an additional 2.5 full time staff members would be required to undertake these duties at a cost of £42,315.
2
## **Wirral Mind Trustees' Report (including the Directors' Report) For the year ended 31 March 2021 Achievements, performance and plans for future**
This year I want to begin this report by thanking everyone associated with Wirral Mind for their tireless support throughout another highly successful year.
On the 25[th] March,2021 Steve Maddox retired as Chair of the Board after 7 years. Wirral Mind were sad that Steve had decided to retire, and wish to acknowledge his leadership, vision and commitment to the organisation.
I am honoured to have been given the opportunity to succeed Steve Maddox as Chair of the Board of this well respected and excellent organisation. I aim to build on the Strategic Priorities that have been identified, and at the same time look towards developing new initiatives and maximising opportunities for further growth, some of which may arise through the development of Integrated Care Partnerships and Collaborative Commissioning.
During the Covid 19 pandemic Wirral Mind has continued to provide much needed services. New initiatives were created and developed which are designed to reach out to those who due to the impact of Covid 19 experienced mental health issues. This would not have been possible without the excellent leadership of the Chief Executive Officer, Sandra Gilbert and the dedicated commitment of staff and volunteers.
As a result of these services Wirral Mind received a Humanitarian Award from Community Action Wirral for the organisations achievements during lockdown. Since the end of lockdown in April the Fountain Project has re-opened with renewed energy offering a range of activities designed to promote Mental Health well-being. This has further increased the number of people accessing the resources offered at the Fountain Club. It is encouraging to note that Wirral Mind is financially stable despite the economic upheavals during lockdown.
The Board has agreed a set of key Strategic Priorities, I will deal briefly with each in turn.
## **Priority 1 Employee training, development and capacity**
Even though there were many restrictions in the year due to the pandemic we have managed to continue with mandatory training for staff via online learning. As the restrictions have been lifted, we are slowly moving back to face-to-face training once more.
We aim to train all staff in Mental Health First Aid to enable our front-line workers to carry out their roles with more confidence and provide better outcomes to service users. Most staff have now completed this training.
## **Priority 2 Development of Partnerships.**
We have developed the Lived Experience Network for Self-Harm and Suicide Prevention this year. On behalf of the NO MORE Suicide Partnership Board and this involves other partners in the Cheshire and Merseyside area.
As previously mentioned, there are new developments arising from the NHS Reform Bill, we are looking to ensure Wirral Mind is in a prominent position to try to maximise any opportunities and influence the outcome.
## **Priority 3 Expand Housing Support.**
We continue to explore opportunities to expand our Supported Living offer, to support more people living in their own homes and we have sufficient funds to do so if a suitable opportunity arises.
3
## **Wirral Mind Trustees' Report (including the Directors' Report) For the year ended 31 March 2021**
## **Priority 4 Improved Use of IT in Service Delivery.**
We have improved our IT services during the Covid pandemic out of necessity for people to work from home and for training to take place online rather than face to face. We would like to develop this further both for internal use and for external training purposes. We continue to raise our online presence through our social media platforms – Facebook, Twitter, Instagram.
## **Priority 5 Board Development**
As previously mentioned, our former Chair, Steve Maddox retired from the Board earlier in the year. The contribution which Steve made to the growth and development of Wirral Mind is acknowledged. In addition, we were sad to lose our President, Anthony Mould who after many years of continuous dedication and commitment to the Board and Wirral Mind decided to retire. Finbarr Hession, our youngest Board member resigned in order to attend Durham University. We would like to thank Finbarr for his involvement with Wirral Mind and wish him well for the future
Our aim is to recruit Board members that accurately reflect the diversity of the community we serve, and we continue to identify which areas of expertise are required to enhance the boards skills base.
I am pleased to report that we have appointed 3 new members this financial year who meet those criteria – Dr Cerys Vora who is a retired GP, Jenny Owens who is a Health Visitor and Elena Fowler who prior to retiring had been Head of Children’s and Mental Health Services for different local authorities, and latterly CEO of a legal and advocacy service for children and young people.
## **Priority 6 Investments better use of Funds**
Acting prudently and with the benefit of professional advice we, must make sure that our money works for us and gives us the maximum return. Our investments continue to perform well after losing value due to the pandemic. They have now recovered to above the level they were before the pandemic began.
As previously mentioned, we are looking at potential investments in suitable properties to expand our supported housing. We are also looking at investing in a property to be able to expand our corporate offer of training.
## **Priority 7 Awareness Raising of Mental Health Particularly Amongst the Young**
According to Mind’s research we know that more than half of adults and over two thirds of young people said their mental health has worsened during lockdown.
We have had to put some of our plans on hold as we could not open the building during the lockdown.
We have however been involved with the Whole School Approach programme. We will continue to explore this opportunity and hope to continue with the idea of opening the Fountain Club for the exclusive use of young people.
## **Priority 8 Fundraising**
Our fundraising strategy aims to diversify the charity’s income in order to improve our financial stability. We aim to put procedures in place for effective long-term fundraising with less reliance on Council funding However, currently we do have an excellent partnership with Wirral Borough Council as we provide essential services on their behalf. Also we do have excellent partnerships that are highly supportive of the charity and its work.
Even throughout the pandemic we have had many people who came up with innovative ways of raising donations for us via Just Giving accounts and we thank them all.
4
## **Wirral Mind Trustees' Report (including the Directors' Report) For the year ended 31 March 2021**
## **Priority 9 Relationship with National Mind**
We hope to become a Local Mind Community Partner and a Local Mind Business Partner within the new Mind Federation agreement.
## **Priority 10 Counselling, Befriending and Volunteering**
We have developed our current provision of groups and wellbeing activities to include the use of technology such as Zoom, Microsoft Teams and social media.
We aim to continue to develop telephone/zoom counselling sessions for people who are house bound and those who work shifts to provide an inclusive service.
## **Priority 11 The Fountain Project**
We have developed a Check in and Chat telephone system during the pandemic and we are making 1000 calls per week to those who are still not wanting to meet face to face. We are now offering further sessions at the Club including, Yoga, Meditation, Massage, Walking Group and a Bereavement Group as well as trying to bring back the support groups we used to have each week.
## **Priority 12 Commercial Training**
We want to further develop our online digital offer to commercial customers. We have developed and deliver the NO MORE Suicide Community training online. and we hope this will lead to us being commissioned to develop a Train the Trainer model also. We have been commissioned to develop a Lived Experience for Self-Harm and Suicide Prevention on behalf of the NO MORE Suicide Partnership Board.
We intend to build on these new opportunities to further advance our commercial training offer.
## **Priority 13 Mental Health Services for New Mums**
We have made initial plans and hope to develop a perinatal mental health service for women who are dealing with mental health problems linked to early motherhood
Can I end this report by thanking everyone, particularly my fellow Board members for their time, commitment and unfaltering support throughout another highly successful year for Wirral Mind.
## **Financial Review**
The trustees are pleased to report that the charity made a realised surplus in the year of £36,521. The trustees remain committed to utilising a sum of money to purchase further property; to be used for holidays and respite for service users and their carers. In addition the Trustees will make the property available for other users to generate additional income for the charity.
## **Reserves policy**
It is the trustees' policy to preserve reserves at a level of £500,000 to ensure that the charity has sufficient cash balances to meet any unforeseen circumstances such as potential under funded cost increases, potential additional working capital requirements and any maintenance and repair costs that may arise.
## **Investment policy**
The trustees have spent a significant amount of time reviewing Wirral Mind’s investments. The charity has had a substantial sum deposited in its bank generating little interest. The Board will continue to monitor how the reserves of Wirral Mind can be used to maximise income for the benefit of the organisation and its service users now and in the future.
5
## **Wirral Mind Trustees' Report (including the Directors' Report) For the year ended 31 March 2021**
## **Trustees' responsibilities in relation to the financial statements**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom 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 the year.In preparing those accounts, 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 accounting standards have been followed, subject to any material departures disclosed and explained in the accounts;
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to 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.
In so far as the trustees are aware:
- there is no relevant information of which the charitable company's auditor is unaware; and
- 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 auditor is aware of that information.
## **Disclosure of information to auditors**
We, the trustees of the charitable company, who held office at the date of approval of these financial statements, as set out above, each confirm so far as we are aware, that:
- there is no relevant audit information of which the company's auditors are unaware; and
- we have taken all steps that we ought to have taken to make ourselves aware of
any relevant audit information and to establish that the auditors are aware of that information.
## **Auditors**
A resolution proposing that KPH Audit & Assurance Services Limited be reappointed as auditors of Wirral Mind will be put to the AGM.
This report was approved by the board on 1 December 2021
Ms P Chadderton Chairman
6
## **Wirral Mind A Company Limited by Guarantee Independent Auditors' Report to the Members of Wirral Mind For the year ended 31 March 2021**
## **Opinion**
We have audited the financial statements of Wirral Mind (the “Charity”) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow 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 Charity’s affairs as at 31 March 2021 and of 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 Charity 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 the provisions available for small entities, in the circumstances set out in note 1 to the financial statements, 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**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## **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 auditor’s report 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.
7
## **Wirral Mind**
## **A Company Limited by Guarantee Independent Auditors' Report to the Members of Wirral Mind For the year ended 31 March 2021**
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.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the Charity 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 Charities Act 2011 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;
- the financial statements are not in agreement with the accounting records and returns;
- we have not obtained all the information and explanations necessary for the purposes of our audit;
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemption in preparing the directors’ report and take advantage of the small companies exemption from the requirement to prepare a strategic report.
## **Responsibilities of the trustees**
As explained more fully in the trustees’ responsibilities statement set out on page 6, the trustees 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 they 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 Charity’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 Charity or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
The trustees have elected for the financial statements to be audited in accordance with the Charities Act 2011 rather than the Companies Act 2006. Accordingly, we have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
8
## **Wirral Mind A Company Limited by Guarantee Independent Auditors' Report to the Members of Wirral Mind For the year ended 31 March 2021**
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 on the basis of these financial statements.
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/auditorsresponsibilites. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the Charityʼs trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charityʼs trustees those matters we are required to state to them in an auditorʼs 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 Charityʼs trustees as a body, for our audit work, for this report, or for the opinions we have formed.
KPH Audit and Assurance Services Limited 255 Poulton Road Wallasey Merseyside CH44 4BT
1st December 2021
KPH Audit and Assurance Services Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
9
## **Wirral Mind**
## **A Company limited by Guarantee**
## **Statement of Financial Activities (Incorporating the Income and Expenditure Account) for the year ended 31 March 2021**
|**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Investments
4
Other-Grants received
5
Other-Management fee
6
**Total Incoming Resources**
**Charitable activities**
7
**Governance costs**
8
**Net (outgoing)/Incoming resources**
**Transfers between funds**
**Recognised(losses)/gains on investments**
**Revaluation of property**
**Unrealised gains/(losses) on investment**
**Funds brought forward**
**Revaluation reserve brought forward**
**Total funds carried forward**
18|**2021**
**2021**
**2021**
**2020**
**Restricted**
**Unrestricted**
**Total**
**Total**|
|---|---|
||**£**
**£**
**£**
**£**
-
51,902
51,902
108,585
-
38,518
38,518
69,731
-
9,160
9,160
11,134
69,478
1,026,249
1,095,727
981,296
-
29,489
29,489
17,978|
||69,478
1,155,318
1,224,796
1,188,724|
||60,786
1,121,301
1,182,087
1,173,453
-
6,188
6,188
6,201|
||60,786
1,127,489
1,188,275
1,179,654|
|||
||8,692
27,829
36,521
9,070
(7,742)
7,742
-
-
-
-
-
4,139|
||950
35,571
36,521
13,209
-
-
-
268,734
-
162,995
162,995
(115,086)
10,600
2,056,236
2,066,836
2,168,713
-
268,734
268,734
-|
||**11,550**
**2,523,536**
**2,535,086**
**2,335,570**|
The Statement of Financial Activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.
10
## **Wirral Mind**
## **A Company Limited by Guarantee Balance Sheet as at 31 March 2021**
||**Notes**||**2021**||**2020**|
|---|---|---|---|---|---|
||||**£**||**£**|
|**Fixed assets**||||||
|Tangible assets|12||975,000||975,000|
|Investments|13||862,164||698,138|
||||1,837,164||1,673,138|
|**Current assets**||||||
|Debtors|14|118,960||114,961||
|Cash at bank and in hand||646,447||593,060||
|||765,407||708,021||
|**Creditors: amounts falling due**||||||
|**within one year**|15|(67,485)||(45,589)||
|**Net current assets**|||697,922||662,432|
|**Net assets**|||2,535,086||2,335,570|
|**Funds**|18|||||
|Revaluation reserve|||268,734||268,734|
|Restricted|||11,550||10,600|
|Unrestricted|||2,254,802||2,056,236|
|**Total funds**|||2,535,086||2,335,570|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
For the year ending 31 March 2021 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Ms P Chadderton Chairman Approved by the Board on 1st December 2021
11
## **Wirral Mind**
## **Cash Flow Statement for the year ended 31 March 2021**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|**Cash used in operating activities**|44,227|(40,008)|
|Interest income|9,160|11,134|
|Purchase of tangible fixed assets|||
|Purchase of investments||(100,000)|
|**Cash provided(used in) investing activities**|9,160|(88,866)|
|in the year|||
|Cash and cash equivalents at the beginning of the year|593,060|721,934|
|**Total cash and cash equilvalents at the end of**|646,447|593,060|
|**the year**|||
|**Reconciliation of net movements in funds to net cash flow**|**from operating**|**activities**|
||**2021**|**2020**|
||**£**|**£**|
|Net movement in funds|199,516|166,857|
|Add back depreciation charge|||
|Transfers to/from investments|(1,031)|(5,163)|
|Gains on investments|(162,995)|115,086|
|Revaluation of property|-|(268,734)|
|Deduct interest income shown in investing activities|(9,160)|(11,134)|
|Decrease (increase) in debtors|(3,999)|(35,962)|
|Increase (decrease) in creditors|21,896|(958)|
|**Net cash used in operating activities**|44,227|(40,008)|
12
**Wirral Mind Notes to the Accounts for the year ended 31 March 2021**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention, and in accordance with Charities SORP (FRS102), applicable accounting standards and the Companies Act
## _**Going Concern**_
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Covid-19 pandemic has created financial pressures on the charity however the Trustees have considered the levels of funds held and the level of income and expenditure, together with the level of reserves for the charity, sufficient to be able to continue as a going concern.
## _**Depreciation**_
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Freehold buildings over 50 years Business equipment 20% straight line
## _**Leasing and hire purchase commitments**_
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
## _**Incoming Resources**_
Voluntary income including donations and grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Investment income is recognised on a receivables basis.
Income from charitable activities includes grants received under contract, and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred when the donors specify that it must be used in future accounting periods or donor conditions have not been fulfilled.
13
**Wirral Mind Notes to the Accounts for the year ended 31 March 2021**
## _**Volunteers and donated services and facilities**_
The value of services provided by volunteers is not incorporated into these financial statements. Further details of the contribution by volunteers can be found in the Trustees Annual Report.
Where services are provided to the Charity as a donation that would normally be purchased from our suppliers, the contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.
## _**Resources expended**_
Resources expended are included in the Statement of Financial Activities on an accruals basis inclusive of any vat which cannot be recovered. Expenditure which is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity they have been apportioned across categories on a basis consistent with the use of these resources.
## _**Funds**_
Unrestricted funds are incoming resources receivable for the objects of the charity without further specified purpose and are available as general funds.
Designated funds are unrestricted funds earmarked by the management committee for particular purposes.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
## _**Investments**_
Listed investments held as fixed assets are shown at fair value
Investment property is shown at market value and will be professionally revalued every 3 years.
- **2 Voluntary Income**
|**Voluntary Income**||||
|---|---|---|---|
|Donations
Other|**Restricted**
-
-
-|**Unrestricted**
**2021**
51,870
51,870
32
32
51,902
51,902|**2020**
108,567
18|
||||108,585|
|**3**
**Activities for generating funds**
Carrog Mill
Conference facilities
Catering facilities
Training fees
**4**
**Investment Income**
Investment Income
Bank interest|**Restricted**
**£**
-
-
-
**Restricted**
**£**
-
-|**Unrestricted**
**2021**
**£**
**£**
17,857
17,857
234
234
1,759
1,759
18,668
18,668
38,518
38,518
**Unrestricted**
**2021**
**£**
**£**
4,578
4,578
4,582
4,582
9,160
9,160|**2020**
**£**
39,197
2,642
13,535
14,357|
|---|---|---|---|
||||69,731|
||||**2020**
**£**
4,589
6,545|
||||11,134|
14
## **Wirral Mind Notes to the Accounts for the year ended 31 March 2021**
## **5 Grants Received**
|WBC Fountain Club
WBC Volunteers
WBC Housing Support and care
Blue Light
Lived In Experience
Neo Community
Mind - hampers
Mind - IT
Mind - training
Mind - Check in and chat|**Restricted**
**£**
15,000
-
12,176
-
6,186
18,233
500
1,302
16,081
69,478|**Unrestricted**
**2021**
**2020**
**£**
**£**
**£**
85,671
100,671
87,338
37,000
37,000
37,000
903,578
915,754
831,361
-
-
7,000
-
13,597
6,186
-
18,233
-
500
5000
1,302
-
-
16,081
1,026,249
1,095,727
981,296|
|---|---|---|
## **6 Management fee**
During the year the charity received £29,489 (2020:£17,978) to manage the properties rented by service users supported by the Charity.
## **7 Direct Charitable Expenditure**
|Fountain Club
Volunteers/Counselling
Housing
Learning and Life
New Business
Blue Light
Catering facilities
Carrog Mill|**Restricted**
**£**
47,308
12,176
1,302
60,786|**Unrestricted**
**2021**
**£**
**£**
119,417
166,725
50,079
50,079
843,959
856,135
67,056
68,358
9,454
9,454
-
2,021
2,021
29,315
29,315
1,121,301
1,182,087|**2020**
**£**
131,321
49,143
837,567
38,927
45,145
13,464
57,886|
|---|---|---|---|
||||1,173,453|
## **8 Governance Costs**
|Audit fee
Investment management fee|**Restricted**
**£**
-
-
-|**Unrestricted**
**2021**
**£**
**£**
2,640
2,640
3,548
3,548
6,188
6,188|**2020**
**£**
2,640
3,561|
|---|---|---|---|
||||6,201|
## **9 Grants Paid**
No grants were paid in the year, nor in the previous year
15
## **Wirral Mind Notes to the Accounts for the year ended 31 March 2021**
## **10 Trustees remuneration and staff costs**
No remuneration was paid to trustees in the year, nor were any expenses reimbursed to them The following costs were included within charitable activities:
|Wages and salaries
Social Security
Pension|**2021**
**£**
956,258
68,842
28,460
1,053,560|**2020**
**£**
908,167
64,136
29,020|
|---|---|---|
|||1,001,323|
The average number of staff employed by the charity during the financial year amounted to:
|Direct Charitable
Administration
Employees receiving remuneration over £60,000 per annum
£60,000-£70,000
**11 Net Incoming Resources**
The net incoming resources are stated after charging:
Auditors remuneration|**2021**
**£**
36
2
38
1
**2021**
**£**
2,640
2,640|**2020**
**£**
38
2|
|---|---|---|
|||40|
|||1
**2020**
**£**
2,640|
|||2,640|
16
## **Wirral Mind**
## **Notes to the Accounts for the year ended 31 March 2021**
## **12 Tangible fixed assets**
|**Tangible fixed assets**||||
|---|---|---|---|
|**Cost (or valuation)**
At 1 April 2020
Disposals
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|**Land and**
**buildings**
**£**
975,000
-
975,000
-
-
-
975,000
975,000|**Plant and**
**machinery**
**etc**
**£**
13,637
(13,637)
-
13,637
(13,637)
-
-
-|**Total**
**£**
988,637
(13,637)|
||||975,000|
||||13,637
(13,637)|
||||-|
||||975,000|
||||975,000|
The premises at 90-92 Chester Street were revalued on 14 May 2019 by BA Commercial Chartered Surveyors, and is, in the opinion of the directors not materially different at 31 March 2021.
The increase in valuation of £268,734 has been included in the reserves.
|**Investment property**
Historical cost
Cumulative depreciation based on historical cost
**Freehold property**
Historical cost
Cumulative depreciation based on historical cost|**2021**
**£**
460,991
55,320
**2021**
**£**
340,000
147,334|**2020**
**£**
460,991|
|---|---|---|
|||46,100|
|||**2020**
**£**
340,000|
|||140,534|
17
## **Wirral Mind Notes to the Accounts for the year ended 31 March 2021**
## **13 Other Investments**
|**Market Value**
At 1 April 2020
Additions
Transfers to/from investments
Gain/(Loss) on revaluation
At 31 March 2021
**Investments comprise:**
Quoted investments UK
Cash held within portfolio
**14 Debtors**
Trade debtors
Other debtors
**15 Creditors: amounts falling due within one year**
Bank loans and overdrafts
Trade creditors
Other taxes and social security costs
Other creditors|**2021**
**£**
698,138
1,031
162,995
862,164
**2021**
**£**
862,064
100
862,164
**2021**
**£**
92,779
26,181
118,960
**2021**
**£**
391
(106)
23,871
43,329
67,485|**2020**
**£**
708,061
100,000
5,163
(115,086)|
|---|---|---|
|||698,138|
|||**2020**
**£**
698,038
100|
|||698,138|
|||**2020**
**£**
90,115
24,846|
|||114,961|
|||**2020**
**£**
2,582
-
21,663
21,344|
|||45,589|
## **Operating lease commitments**
At 31 March 2021 the charity had annual commitments under non cancellable operating leases:
|Operating leases which expire:
Within one year
Within two to five years|**2021**
**£**
8,582
4,291
12,873|**2020**
**£**
8,582
12,874|
|---|---|---|
|||21,456|
18
## **Wirral Mind Notes to the Accounts for the year ended 31 March 2021**
## **16 Resources held for a third party**
|**Resources held for a third party**|||
|---|---|---|
|Balance at 1 April 2020
Received in year
Expended in year
Balance at 31 March 2021|**2021**
**£**
15,019
2,200
(848)
16,371|**2020**
**£**
13,792
2,143
(916)|
|||15,019|
Included within other creditors this relates to amounts held by Wirral Mind on behalf of tenants of Bermuda Road, in respect of maintenance and other housing costs of the property.
## **17 Related party disclosures**
The Trustees have undertaken to contribute an amount not exeeding £1 towards meeting the Charity's liabilities in the event of its being wound up
The Charity's Trustees were not paid during the year and no Trustee received any emolument or payment for professional or other services.
## **Controlling Entity**
The charity is controlled by the trustees who are all directors of the company.
|**18 Statement of funds**
At 1 April 2020
Income
Expenditure
Transfers between funds
Unrealised gain/(loss) on investments
At 31 March 2021|**Restricted**
**£**
10,600
69,478
(60,786)
(7,742)
11,550|**Unrestricted**
**£**
2,056,236
1,155,318
(1,127,489)
7,742
162,995
2,254,802|**Revaluation**
**Reserve**
**£**
268,734
-
-
-
-
268,734|**Total**
**£**
2,335,570
1,224,796
(1,188,275)
-
162,995|
|---|---|---|---|---|
|||||2,535,086|
19
## **Wirral Mind Notes to the Accounts for the year ended 31 March 2021**
## **19 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of grants held on trust for specific purposes.
|Blue Light
Lived in Experience
Hampers
Check in and Chat
Training
Software
Covid|**Balance at**
**1/4/2020**
**£**
7,000
3,600
-
-
-
-
-
10,600|**Incoming**
**resources**
**£**
-
-
24,419
16,081
1,302
500
27,176
69,478|**Resources**
**expended**
**£**
-
-
23,717
12,652
1,302
460
22,655
60,786|**Transfers**
**£**
(7,000)
-
(702)
-
-
(40)
-
(7,742)|**Balance at**
**31/3/2021**
**£**
-
3,600
-
3,429
-
-
4,521
-|
|---|---|---|---|---|---|
||||||11,550|
The restricted funds are explained as follows:
Blue light - funding from MIND to develop a mental health network for emergency service organisations. This could not be delivered due to covid and MIND have agreed that the grant can be transferred to general funds
Lived in experience - funding from MIND to develop a network of individuals who have first hand experience of suicide. The grant will be spent during 2021/22.
Hampers - funding from WBC and Neo community to deliver hampers during the pandemic
Check in and Chat - funding from MIND to develop and run a telephone system to maintain contact with service users throughout the pandemic and in the future for those still not wishing to meet face to face.
Training - funding from MIND to deliver training to Everton and Tranmere Rovers Football Clubs
Software - funding from MIND for specific software
Covid - funding from WBC to aid in infection control, and provision of tests and vaccinations
## **19 Other information**
Wirral Mind is a charitable company limited by guarantee in England and Wales. It's registered number is 3404770, and it's registered address is: 90-92 Chester Street, Birkenhead, Wirral, CH41 5DL
20
## **Wirral Mind**
## **Schedule to the Profit and Loss Account for the year ended 31 March 2021**
_for the information of the directors only_
|**INCOME**
Fountain Club
Volunteers
Training
Blue Light
Management charge
Care
New Business
Carrog Mill
Mind IT Grant
Conferences and catering
Kitchen sales
Donations
Bank Interest
Investment income
Other Income
**Expenditure**
Wages and salaries
Pensions
Staff training and welfare
Travel and subsistence
Petty cash
Volunteers expenses
Kitchen costs
Rent
Rates
Light and heat
Cleaning
Telephone and fax
Stationery and printing
Subscriptions
Bank charges
Investment management fee
Insurance
Equipment hire
Water cooler
Repairs and maintenance
Audit fees
Accountancy
Advertising
Legal and professional
Training expenses
Art group
Socials and holidays for clients|**2021**
**£**
141,671
37,000
19,970
-
29,489
915,754
-
17,857
-
234
1,759
51,870
4,582
4,578
32
1,224,796
1,025,100
28,460
216
-
-
4,936
2,992
1,040
3,111
10,720
16,615
6,338
3,797
3,226
687
3,548
4,990
8,630
405
17,348
2,640
3,196
-
5,963
4,419
45
29,853
1,188,275
**36,521**|**2020**
**£**
87,338
37,000
14,357
7,000
17,978
831,361
13,597
39,197
5,000
2,642
13,535
108,567
6,545
4,589
18|
|---|---|---|
|||1,188,724|
|||972,302
29,020
5,015
587
1,468
7,365
14,504
1,040
6,556
14,540
14,600
7,450
6,252
7,627
771
3,561
4,245
8,627
1,067
43,850
2,640
2,794
89
8,147
11,736
1,590
2,211|
|||1,179,654|
||||
|||9,070|
21