REGISTERED COMPANY NUMBER: 03374820 {En8l•nd and W•lul REGISTERED CHARrrY NUMBEIL. 1064309 (Ewland •nd Wales) MID AND NORTH ESSEX MIND IA COMPANY UMITED BY GUARANTEE) FINANaAL5TATEMEirrs FOR ThE YEAR ENDED 31 MARCH 2022 Sayer Vlncenl LLP Invlcta House 108.114 Golden Lane London ECIY OTL Company number 03374820 Charity number.. 1064309
MIDAND f4oRTH ESSEX MIND CONTENTS OF THE FJNANCIALSTATEMENT5 FOR THE YEAR ENDED 31 MARCH 2021 P• R•port olth•Trust••s I to 12 R•port olth• Ind•p•nd•nt AudlQor5 13 to IS Stal•m•nt of Flnanclal •£tlvlll•s 16 O•l•nc• 5h•4t 17 Cash Flow St•tsm•nt 18 Not to th• C•sh Flow St•tsm¢nt 19 14ot•s to th• Fln•ncl•l St•l•m•ntg 20 to 36 D•t•ll•d Ststem•ntof Hnancl•l Artlvld•i 37 to 38
MIDAND NORTH ESSEX MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 The tru5tee5 present their report and the audited ffinandal statements for the year ended 31 March 2022. Reference and administrative information set out on page 10 forms part of this report. The ffinanclal statements comply wlth Current statutory requirements, the memorandum and articles of association. the requlrements of a dlrectors, report as required under company law, and the Statement of Recommended Practice Accountin8 and Reporting by Charitie5.' SORP applICab to charities preparing their a¢counts in accordance hth FRS 102. OBJEcfivES AND AcfiviTIES PURPOSES ANO AIMS 'To SUPPOrt and empower people experienclng emotional and/or mental health problems to recover. buildlng on thelr personal hopts and aspirations. We strlve to provlde a comprehensive communlty mental health servlce whlch meets IndSvidual's needs and promotès mental health awareness In our local ¢ommunlty." Our alrns are.. To be a resource for all people In the Colchester, Tendrlng and Mid Essex areas who Identlfy themsèlves as experlendng mentsl and emotlonal distress and to provide a ran8e of quality servlces and support to meet local need5. To actlvely engage In Charltable campil8nln8 related to local servlce provision and to seek to ralse the proflle of mental health Issues locally through awarene55 ralslng. To malntaln collaboratlve worklng and cfeatlve partnershlps In the local area wlth other or8anlsatlons who have the same philosophy as Mld & North Easl Essex Mlnd. The trustees revlew the olms, oblective5 and actlvltles of the Charlty each year. Thls report looks at what the charlty has achieved and the outcomes of Its work in the reportln6 perlod. The trustees report the success of each key activity and the benefit5 the chaflty has brou8ht to those 8roups of people that It Is set up to help. The reeW also helps the trustees ertsure the charlty's alms, objectives and actltieS remalned focused on Its stated purposes. The trustees have referred to the 8uidante contalned In the Charlty Commisslon's general 8uldance on publlc beneflt when revlewin8 the charltV'5 aims and objective5 and In plannin8 lis future activitles. In partlcular, the trustees consider how planned actlvltles wlll contribute to the alm5 and oblectSves that have been set. ACTNIYIES The charity provldes a wlde range support serce to people INlng in Mld and North Essex. The focus of these servl¢es is low level intervention, althou8h we do a150 dellver cllnlcal 5ervkes in conjunction with other provlders. All of these servlce5 were free to access durlng thls financlal year aslde from the fee p4yln8 ¢ounsellln8 servlce. The charlty holds varlous contracts from funder5 aCTOSS the localltles Includlng North East Essex ainlcal Commissionlrq Group, Essex County Council, Mld and South Essex ainlcal Commlssloning Group and also holds various grants from 8rant 8ivin8 bodie5. The servlces are normally delivered between Monday - Friday each worklng week. However, we Introduced Crls15 Cafés which operate out of hours providing support to thos? in crisis and reduclng the pressures on A&E departments. Thls approach has helped in providing a more r¢bust framework of care and supports the ststutory provlders In the work they do. Murh work has gone Into developlng the or8anisatlons three-year business Flan. which Is now moving ahead. The development of the plan included staff feedback, SeCe user comment5 and the wlder comrnunity along with other provider5. This has led to the charity revlewin8 many areas of its work. 8ap5 in carel5UPPOrt and how it will manage demand following COVID-19.
MID AND NORTh ESSEX MIND REPORT OFThE TRUSTEE5 FOR THE YEAR ENDED 31 MARCH 2022 ACHIEVEMENTS AND PERFORMANCE The charlty's maln activitie5 and who It trle5 to help are described below. All its charitable activities focus on 5uPPOrtI the community In relation to mentsl health and wellbeing and are undertaktrn to further Mld and North East Essex Mind's ¢hafltable purposes for the public benefit. Durlng the perlod 2021122 Mld and North East Essex Mlnd achieved: Mlnd Quality Mark INatlonall- Sermce OeslBn & Innovation Mind auality Mark (Nationl- Informatlon Governance Cyber Se¢urity Essentials Plus BACP Service Accreditation ISO 9001.. 2015 Accredltatlon A5 well a5 achtn8 the above durlng 2021122, Mid and North East Essex Mlnd also continue to be a Mindful Employer and are re815tered wlth the Fundralslng Re8ulator. The charlty contlnue5 to expand Its reach across the localllles that It Is here to serve and lurther support those that need mental health and wellbeln8 5ervlces. Thls has malnly been due to secuTln8 new contracts such a5 the Crlsls Cafés In North Essex, Sanctuary In Mld E55ex along wlth the expanding Chlldren and Young Peoples serCeS known as MHST, that work wlthln schools and colle8es across North Essex. Durlng the first pirl of the ftnanclal period, we dld see a contlnued decrease In rèferrals due to COVIO-19, which resulted In a slow uptake and Ilmlted referrals. Th15 changed towards the end of the finandal perlod and referral rates have started to In¢rea5e a8aln. IAPT cb•1111 R•f•rr•ls R•c•lv•d 202V22 351 2020121 256 2019120 360 2018119 442 The counselllng servlte that operates withln North Essex saw 3 reductlon In referrals recelved durln8 the pandemlc compared to the pre¥hous year. However, It adapted durln8 the prevlous year due to the restrl¢tion5 and can now offer in-house onllne therapy, remote workTrnB and telephone supporL 5TaR Imld Essexl Rel•rr•ls R•c•lved 2021121 530 2020121 344 2019120 316 2018119 454 $TaR (North Ess•xI R•f•rrals RKelv•d 2021IZ2 893 2020121 445 2019120 558 2018119 gJ9 The above seCeS contlnued to opeTate well during the period, although we 53w a decrease in rèferrals througho the first half of the year. we then saw an increase durlng Q314. These servlces are delivered In partnership wth Herlford5hlre Partnership FOUndaon Trust IHPFf) and lorm part of the overall IAPT servlce contracts in both Mid and North Esse
MID AND IKIRTH ESSEX MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Futur•s In Mlnd R•lerrak Recelv 2021122 803 2020ni 271 2019120 336 2018119 324 The Futures In Mlnd seryke 15 a Collaboration between u5, Phoenlx FLrtures and Mind in West Essex. The serwce Is designed to support those across Essex 5ufferlng wlth elther mentsl health or substance misuse issues. The servlce continued to operate durfng the pandemlc and saw a 518nifkarht increase In referrals bein8 re¢eived. ASD Conn•ct R•f•rrals Rec•fv 202V22 2020121 55 Although the ASD 5ervlce Contlnued In lune of thls finan¢Sal period. No referrals were recelved 35 thls ceased to operate. It5 focu5 was on doSIr cases approprlately and leavin8 famllles wlth the relevant Informatlon for contlnued support movlng forward. P4orth EM•x cr15 Qfés Iclacton & Colch05t•r) R•ferrals A8c•lv•d 2021122 LIS1 2020121 797 The Crlsls Café continued to do well, and vle now have extended the offer so that clSents can a¢cess support durlng the day as well as out of hours. Both teams hove movèd to new locatloThs to be more central to the areas that they serve. Feedbèck about these chan8es has been posltive and a draMae Increase Sn referrals can be seen. Mld ESMX Sanctuary R•lvrrals R•c•lv•d 2021122 2,123 2020121 669 Both the Cr151s Cafés and Sanctuary based in Mld Essex Saw a slow start as both servlces were launched In Aprll durlng the Inltlal lockdown. However. these started to Inrrease later in the year and the servSce ha5 contlnued to expand. It's thou8ht that durln8 the next perlod we wlll increase the offer to cover day hours as well a5 evenln8s In order to provlde a more robust offer for those that need the suppoiL MHST- Tendrl R•l•fYals R•c•l¥ 2021122 310 2020121 291 The Mental Health Schoo15 Team IMHST) in the Tendring area saw an increase In referra15 as the team have become more e5tab115hed. Additlonal 8roup work also took place with support beln8 prowded to varlous cohorts wlthln the school settlng.
MID AND NORTH ESSEX MIND REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 MHST- Col¢hester R•f•rral$ R¢¢eknl 2021n2 The Mental Health Schoo15 Team IMHSTI In the Col¢hesteT area launched in January. Thls servite didn't accept referrals in the flrst Instance as thls is linked with NHSE and HEE, wth trainee staff not working wlth cllents. Thls servlce was also Impacted on by the pandemic a5 Schools were shut and referrals were not Identlfied. GP Sulcld• AwarehTI41nI Wlth the support of a local famlly who had experlenced 5ulclde wlthln thelr own fam1 network, we were able to develop the GP Sulclde Awareness Tralnln8. WorkSng wlth the local CCG'S enabled us to more easlly access those GP'S wlthln the locallty offerfn8 free bespoke awareness tralnln& The focus In on Work colleague's wellbeing and Is open to all staff worklng wlthin GP piactlces. Total P•opl• Supponthl 202V22- 6A51
MID AND NORTH Essex MIND REPORT OFThE TRUSTEES FOR THE YEAR ENDED 31 MAROI 2022 STRATEGIC REPORT FINANaAL REVIEW The flnanclal year 2021122 was challen8in8 due to the ongoin8 problems caused by the COVID pandemlG 5tsff a8aln havlng to work from home for lon8 period5. It tontinued to be difficult to recrult to our vacant P05ts. Staff once agaln took ort the addltlonal work enablln8 LIS to fulfil our many contracts. We thank them for their hard work and dedicatlon. Our Fundralslng team had to conslder dlfferent ways of raisln8 Income and mana8ed to ralse £111,574 from donatlons. almost double the prevlous year and a further £86,922 from 8rants, a very good performance In the clrcumstances. Our HR team trled different recrultment methods resultlng In many of the vacant posts bein8 filled bul we ¢ontlnue to Sèe relatlvety hi8h staff turnover and a ccn5iderable underspend a8alnst blget on staff costs. Overall Income Increased by £899.061 to £2,904A22 mainly due to our ongoSng contract5. Expendlture Increased by £577,964 to £2,258,484 largely due to Increased staff c05t5 to Service these contracts, this would h3ve been slgniflcantly hlgher had we been able to1111 all the vacant posts earlier in the year. Our net assets Increased by £645,938 to £1897,957 leavin8 us In a very healthy financlal posltlon. The value of our property accounted for £609,173 of thls sum. Durlng the year we removed the prov151on of E41,071 for dllapidatlons followlng our declslon to vacate the property we were rentln8 In Clacton at the end ol March 2019, as we felt that It would now be dlfflcult for a claim to be made, due to the tlme that has elapsed slnce we vacated the property. We have been ffinallsln8 our strate8y for the next 3 year$ and are able to Include some new serylce5, whl¢h wlll inltlallv be funded from cur re5eNes. Thls 55 possible due to the Increase In our asset5 over the last 2 years. We therefore expecl to see a reduction to our assets In the current flnanclal year. We closely monltor our flnances,. to ensure we can contlnue to provtde servl¢es that wlll benefit the local ¢ommunlty for many years to come. INVESTMENT POLICY The Trustees have dlscussed potential investments at length durln8 the year and declded to adopt a cautlo¢Js approach as we do not wlsh to rlsk our a55et5. We agreed to look for interest Income and to dlvefsify our deposits $0 that we could take advantage of FSCS protectlon which 15 £85,OC4) per bank. Havlng revlewed varlous optlons we opened èn account wlth Flagstone, a cash platform. offerln8 rates from numerous b3nks. Inltially we dep051ted £275,Th)O and have recently agreed to add a further £190,000. We have 5pIIt the funds between varlous banks with a maxlmum deposit of £85.000 to ensure we make the most of the FSCS 8uarantee. We agreed to keep the funds on short temi deposlts with a maxlmum of 18 months fixed. These deposlts are regularly reviewed to ensure we ahways have acces5 to sufficlent fund5 to meet our everyday needs. We contlnue to look at potentlal investment opporttJnille5 in tase we declde to ¢hange our pollcy ènd seèk Increased returns. PRINCIPAL RISK5 AND UNCERTAirlEs The trustees maintatn a risk reglster, which is reviewed by the senior management team and the trustees to ensure that the charity understand5 the potentlal risks. This is achieved by.. Maintalnlng the risk register and reviewing at Board level Ensuring the correct level of insurance 15 in place for all functlons, including fundraislng events Establishin8 internal systems to provide efflcient Way5 of working in line with the ongoing development of our ISO.. 9001 accreditation
MIDAND NORTH ESSEX MIND REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2022 The si8nillcant area5 that pose major rlsk are as follows.. Insufficvdnt skilled staff Reputatlonal damage Decrease in voluntary Income Loss of contracts Data breach In order to mlnlmlse the above rlsks, actions have been taken that would reduce the scorln8 and sl8nlflcant impart. An example of thSs 15 the system we've used for storing client data alon8 Wlth the cybef essentlals advaTr certlficalon we have secured. We have also Introduced an or8anlsatlonal rlsk m3n4ement pollcy that dlrectly links wlth the reglster and is revlewed on a re8ular basls by both the Senlor Management Team aftd Trustees. RESERVES POLICY ANO GOING CONCERN The tharity needs flnanclal resources to achleve Its purpose5 and must plan for the longer term to ensure contlnulty- During the year the trustees undertook a revlew of the level of reserves required having regard to the followiw.. The charlty forecasts of expendlture based on planned activity and the analysfjs of future needs. The rellablllty and volatllity of Income, Fund5 requlred for replacln8 assets. The need to cover contingencle5 and ihe abillty to be abl* to respond to unexpeded events or opportunltles. In line with current thinkln8, thls Is based on an assessment of the volailllty and certalnty of each of the or8ani5atlon's maln Ineome 5trewns,' a potèntlal need for unplanned or unexpected expendlture,. and the requirement to malntaln sufficlent workln8 capltal to ensure the contlnulng 5rn00th runnSng of the ¢harlty. Thls assessment produced fl8ures of £612,C(Q for Income volatlllty, ¢ontln8ency and uncertalnty, £150,iJ)O for unplanned or unexpected expenditure, givlng £752,000 In total. These fund5 have been set aslde by the trustees as deslgnated funds, along wlth the net book value ol our tanglble fixed assets. In addltlon to our restrlcted ond des18nated funds, the charity has general funds of £944,000. These are retalned lor further 5ervlce development and to nll the unmet need across the area. The trustees have consldered the flnanclal position of the charlty, its investment portfollo, Its reserves, a5 well as Its cash flow and Ilquid resources and they belleve the charity 15 able to manage Its buslness rlsks successfully. The are no materlal unrtaIntleS that may cast doubt on ihe charity's ablllty to tontlnue 35 a gclng concern. The trustees have a reasonable expectatlon that is h35 adequète resources to contjnue In oPeraOnal existence for the near futurè. Therefore, they Continue to adopi lhe 8oln8 concern basls of a¢countln8 In preparlnB the annual financial statement5. FUNDRAISING Fundraislrg improved durln8 the perfod compared to the prevlous year, althou6h thls was stlll down wlth Ilttle communlty actilY taklng place and no events or challen8es. We successfully started the recruStment proces5 followln8 o re-structure and now developln8 a new 5trate8V. The fundraislng team were sublett to Furlough leave, with thi5 bein8 the best way to Ilmit Costs whllst the department was unable to functlon at lull potentlal. There wa5 an increase in Grant and Trust funthn6 with fund5. some of whlch beln8 secured for a malor IT overhaul. enablin8 US to be able lo prode up to date IT infrastructure. Thls allows us to offer a variety of counselling options such as face to face, vldeo Ilnk and telephone servlces, all wlthln CoronavSrus 8uidellnes moving forward. Digital fundrai5in8 activStle5 however did increase, and It Is apparent that thls source of fundralslng needs to be marketed ond explored more in the future.
MID AND NORTH ESSEX MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED al MARCH 2022 FUNDRAISING sfANDARDS MSd and North East Essex Mind are re8iStered wlth the Fundrais1 Regulator and works wlthln Its code of fundr3i5in8 practice and data protection13ws. All this infomation can be located on our webslte, with the aim of reassurln8 those wlshln8 to donate or fundralse on our behalf. COMPLAINTS Ourlng the period we received no complaints relatin8 to our fundralsSng practice Dr through servlce dellvery. Thls Is the same as the prevlous two-year perlod. We vlew complalnts and supported feedback as important Information that helps shape the fundralsin8 plans on an annual basis. PLANS FOR THE FUTURE Our ambitlon for Mid & North East Essex Mlnd over the next 3-year perlod Is to contlnue with the serylces we offer and develop a new 3-year strategy as we are currently in our final year of ihe exSstin8 plan. We understand that Since the pandemic everythlng has changed and that Impact5 on how we operate a5 a ¢h•rlty. Whlle we have key plans that we want to dellver over ihe next 3-year period we wlll focus on dlgltal and how we can incorporate thls Into how we work wlth the client 8roup allowln8 for cholce of servlce type. Followlng the pandemlc, we are now seeln8 a demand for servlces In thelr entlrety. Thls Is evldenced above, and Its though that we wlll continue to See demand and 8rowth over the next year. In addltlon, healthcare Is ¢han8ln8, and thls brln8s a different set of challenges. As we move Into an integrated care system comm15s1onlng of servlce5 wlll change. The bl88e5t ¢hallenge for us as a local charity is because we operate across two IC8s Imld & South Essex, & Suffolk & North Essex). Both wlll bè structured sli8htly dlfferently due to landscape and fundSn8 avallabllliy. tloThal V151on Mlnd Notwo staylngwell: Support people Ilkely io develop mental health problem5, to stay well. Empowerlni cholce., Empower people who exrIenCe a mental health problem to make Informed cholces about how they Ilve and recover. Impr(bvlns s•p41ces and $upporL' Ensure people 8et the rl8ht servlces and support at the rlght tlme to help their recovery and enable them to1Sve with their mental health problems. Enabllni soclal prtklpatlon,, Open the doors to people wlth experlence of mental health problem5 participatirt8 fully In society. Removlni In•quallty of opportunlty: Galn equallty of treatsnent for people who experlence both mental health and other forms of dlscrlmlnatlon. Ory•nlsatlon•l ewllence.. Make the most of our a55e15 by bulldlng a culture of Èxcellence. Local Vlglon MNE E55ex Mlnd Improved experience- To meei the emotlonal and physlcal needs of those experlencln8 mental health d15criminatlon across both Mld and North East Essex. Incr•asad understandln8: To show empathy tow3rd5 any person Irrelevant of age, sufferln8 from è mental health condition. Access for all.. To promote Inclusion to those who aCEes5 our service5 into the wlder communlty. DIr$lty & Equallty: To have understanding of the diverse cultural need5 of our communlty allowln8 equal access to healthcare seNce5. Collabor•tlve Approa¢hes: To work In Partnership wlth other a8endes, providing a Iluid contlnulty In care.
MID AND NORTH ESSEX MIND REPORT OF TrIÈ TRU5TEE5 FOR THE YEAR ENDED 31 MAROI 2022 STRucfuRE. GOVERNANCE AND MANAGEMENT The or8ani51tion is a charltsble company Ilmited by guarantee. 5ncorporated on 16 May 1997 and reostered as a tharlty on 10 September 1997. The Company was establlshe(l under a mernorandum of asso¢iatlon which establlshed the objects and powers of the charltable company and15 8overned under Its article5 of assoclatlon. All trustees glve thelT time voluntarlly and recelve no beneflts from the charlty. Any expenses reclaimed from the chartty are set out In note 9 to the account& APPOINTMENTOF TRUSTEES Those wlshin8 to become a trustee of Mld and North East Essex Mind meel In the first Instance wlth the Chair of the Board and the Chief Executlve. Should there still be a posltlon on the board and they contlnue to be interested thty are invlted to attend three meetln8s, whlch once attended, have to make a decision un beccmin8 a member, The board then ele¢ts or ¢o-elects untll the annual Beneral meetln8. One thlrd of all trustees of the charlty are then sublecl to re-COnfirmaOn by members of the company eath year durin8 the annual genéral meetift8. TRUSTEE INDUCTION TRAININfj All new trustee5 meet wlth the Chalr of the Board and the Chief Executive once officlally appolnted. In addltlon they are offered tlme wlih each of the senlor mana8ers in order to galn a better understandlng of the operatlonal 51de of the or8an15atlon. Each new trustee Is requlred to complete the skllls matrlx and attend mandatory tralnlng provbded by the NCVO and throu8h In-house systems. RELATED PARTIES AND RELATIONSHIP5 WITr1 OTHER ORfj>J4ISATIONS Pzrtnershlp workln8 Is an essEntlal element of 411 the WOTk that Mld & North East Essex Mlnd prOdeS acr05S the locallty. It not only allow5 for a better way of dellvering, but also provldes the user with an Improved experlenced. It15 essentlal to know and understand whom we are worklng th when consSderlng any form of partnershlp. After Idenilfyin8 a potentlal partner to work wth on the dellvery of a prolecV5ervlce, an a55essment ol the partner OT8anlsaUon Is complèted. Thls Is to ensure that both partles are a 8ood match and share thè same overall vlslon. Vlslon Capzclty Structure Ilncludlng general rnanaBement and governance) Flnanclal Mana8errent Procurement Pecple Management Project Management All employees have the potentlal to Identlfy opportunltles and partnerships and should en¢oura8ed to do $0. Through strong leadershlp and stren8thened communrcatlon5, we S11 be able to proactlvely lthntify the correct opportunltie5 prior to the procurement process-takin8 place. REMUNERATION POLICY FOR KEY MANAGEMENT PERSONNEL All lob roles within the charlty are job matched and then 8raded u51ng the most appropriate tools. Thls ensure5 that a true and falr pay is provided in order to attract the best candidate5 for the role. Benchmarkin8 of all lob roles acros5 the charity wa5 carried out during the year to trnsu we remaln competitive wlthln the sector.
MID AND NORTM ESSEX MIND REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MAROI 2022 The senlor management team roles 80 through the same process and are then provided to the flnance committee who will make recommendation5 to the board of truitees. This process 15 now under revlew and the alm Is to Introduce a remuneration committee that sits alon8Sbde the finance committee. POUCY FOR EMPLOYMENT OF DISABLED PER5014S Mid and North East Essex Mind Is committed to prowdln8 hlgh quality mental health care within a sale envlronment by appropriatefy quallfied and competent staff. We alm to ensure that all staff act in a fzir and conslstent manner. All employees wéll be encouraged to develop thelr skllls and fulfll thelr potentlal and to take advants6e of tralnlng, development and pro8re551on opportunitie5 In Mhd & North East Essex Mlnd. Selection for ernOyment, prornotion, trainin& or ary other benefit wll be on the basis of aplltude and ablllty. Mid & North East Essey Mind is committed to a pollcy ol treatln8 all Its employee5 and lob appllcants equally and to recruSt the best person for each va¢ancv. No employee or potenal employee shall receive les5 favourable treatment or conslderafjon durtn8 recrultrnent and selettlon on the ground of rate, colour, reliwon or bellef, nationallty. ethnlc origin, sexual orlentatlon, gender, 38e. dlsablllty, marfial statu5 or part-time status or wlll be disathantaged by any condltions of employynent that cannot be Iustllled as necessary on operatlonal grounds. ENERGY ANO CARBON REPORTING We wll contlnue to str6ve for low ener8V C¢Sts and wlll seek altemat1ve ways of powerlng the bulldln8S that we occupy. This will Involve a Tevlew of heatlng sV5tem5 tc ensure that boilers are energy efficient, 6135sing Is of the Correct standard and alr ¢ondltionln8 units are properly malntalned, We wlll als0 review the beneffts of introdu¢ln8 solar pane15 to our maln site on Mersea Road so that we Can become a 8reener organlsatlon. Currently we only recycle approxlmately 35% of our waste acros5 all 51tss. We wlll lrnplement systems to monltor thls more carefully and 4Im to have increased our recyclln8 t¢ 55% wlthln 2 yeafs.
MID ANO NORTH ESSEX MWD REPORT OF TrIE TRUSTEE5 FOR THEYEAR ENDED 31 MARCII 2022 REFERENCE AND >DMINisfRATIVE DEfAILS Reilttered Company numb•r Q3374820 IEnBland and Wales) ReB15tered tharlty numl*r 1064309 A1$tod offl The Constantine Centre 272a Mer5ea Road Colchester Essex C02 8QZ Trust Trustee5, who are also threctors under company law, vtho served durlnB the year and up to the date of thls report were as follow5.' M Edward$ P Cheng P Pushman S Barlow L Brewster D Wordsworth J Wood Ire518ned 30 Ayll 20211 l Beaumont Chair Vice Chalr Treasurer K•y m•n•i•ment p•rwnn•l James McQul88an Kerrle Barker Duncan Mccubblne Stephanle Mllls Chlef Executlve Officer Servlce Operatlons Manager Buslness Operations Mana8er Marketin8 and Fundralslng Manager Sonlor Statutory Audltor Joanna Plttman Audltors Sayervlncent LLP Invlcta House 108-114 Golden Lane London ECIY OTL BkarS Barclay5 Bank plc 9 Hl8h Street Colchester E55ex COI IDA -iO-
MIDANDNORTH E55EX MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 REFERENCE AND ADMINISTRATIVE DETAILS Solicltor5 Flsher Jone5 Greenwood Newcomen Way Colchester Buslness Park Essex C04 9YA STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustee5 (who are also the dlrec¢ors of Mld and North Essèx Mlnd for the purposes of company lawl are fesponsible for prepari the Report of the Trustees and the flnanclal statement5 In accordance wlth applicable law and United Kingdom Ac¢ounUng Standards Iunlted Klngdom Generally Accepted Accountlng Practlcel. Company law requires the trustees to prepare flnandal statements for each finan¢lal year whlch 8lve a true and falr view ol the state ol affairs of the charitable company and of the Incomlng resources and appllcatlon of fesoufces, IncludlnB the income and expenditure, of the charitsble company for that perlod. In wepar1 those flnanclal Statements, the trustees are required to select sultable accountin8 policies and then apply thern conslstentlv- observe the methods and principles in the Charity SORP; make lud8ements and estimates that are reasonable and prudent; state whether apkable accountinu standards have been followed, subject to any materlal departures dlsc105ed and explalned In the financlal statementS,' prepaie the flnanclal statemènts on the goi concern basls unless It 15 Inapproprlate to presume that the charltable company wlll contlnue In business. The trustees are responslble for keeplng proper accountlnB records whlch di5c105e wlth re050nable accuracy at any tlme the fSnanclal positlon ol the chailtable company and to enable them to ensure that the financial statements comply th the Companles Act 2006. They are a150 responslble for safeguafdlng the assets of the charitable companv and hence for tskln8 reasonable sieps for the prevention and detectlon of fraud antj other irregularltles. In $0 far as the trustees arè aware.. there Is no Televant audlt Infomiation of whlch the ¢harltable company's audltors are unaware; and the trustees have taken all steps that they ought to have taken to make them5elve5 aware of any relevant audlt Infomiatron and to establlsh that the audltors are aware of that Informatlon. The trustees are responslble for the maintenance and Integrity of the corporate and financlal Informatlon Included on the charitable company's website. Le8islation In the Llnited Kingdom 8overnSng the preparatlon and dlsseminatien of fflnanclal statements may dlffer from le8islatlon In otherjuri5dlctlons. Memters of the charlty 8u3raniee to Contribute an amount not exceedlng £1 to the assets of the chartty In the event of wlndlng up. The tot35 number of such 8uarantee5 at 31 March 2022 was 7. The trustees are members of the charlty but this entitles them only to voting rlghts. The trustees have no beneficial interest in the charity. -li-
MID AND NORTh ESSEX MIND REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 AUDITORS Sayer Vlncent LLP was appolnted as the charitable company's audbtor duri the year and has expressed Its wllllngne5S to continue In that capacity. The trustees, annual report has been prepared In a¢cordance with the Special provislons apF4icable ta companies suble¢tto the small companles, reglme. Report of the trustees, Incorporatln 12 October 2021 • 5tTate8ic report. approved by order of the board of trustees, as the company directors, on.,........................................... and slgned on the board's behalf bv: P Pu5hman-Trustee -12-
REPORT OF THE INDEPENDENT AUDITOR5 TO THE MEMBERS OF MID AND NORTH ESSEX MIND Independent auditor's report to the member5 of Mid and North Essex Mind. Qplnlon We have audited the flnanclal statement5 of Mid and North E55ex Mind (the 'charitable company'l for the year ended 31 March 2022 whlch comprise the statement of financial activStle5, balance sheet. statement of cash flows ind notes to the financlal statements. Includlng 5ignlficant accounting policies. The financial reportin8 framework that ha5 been applied in their preparatlon is applicable law and United Kingdom Atcounting Standard5. includlng FRS 102 The Flnanclal Reporting Standard applicable In Ihe UK and Republlc of Ireland Iunited Klr8dom General Accepted Accountin8 Practitel. In our opinion, the financSal statements.. Give a true and fair view of the state of the charitsble company's affalrs a5 at 31 March 2022 and of its Sncomin8 resources and application of resources, including its Income and expenditure for the year then ended Have been properw prepared in accordance with United Xlrgdom Generally Accepted Accountlng PTaCtlce Have been prepared In accordance wlth the qUIrernents of the Companles Act 2006 8a515 for oplnlon We conducted our audlt In accordance wlth Internatlonal Standard5 on Audlting IUKI IISAS IUKII and appllcable law. Our responslbilltles under those standards are further descrlbed In the Auditor'5 rè5ponslbllltles for the audlt of the flnancial statements sectlon of our report. We are Independent of the eharltable company in accordance with the ethical requirements that are relevant to our audlt of the flnanclal statement5 in the UK, Includlng the Fflc's Ethlcal Standard and we have fulfllled our other ethlcal responslbilltles In acCOrdae with these requirements. We belleve that the audlt evldence we have obtalned Is suffi¢lent and appropilate to provlde a basls for our oplnion. Concluslons r•latln8to iolni <onc•rn In auditin8 the financial statements, we have concluded that the trustees, use of the 8oln8 ¢on¢ern basss of accounting irt the preparation of the financlal statements Is approprlate. Based on the work we have performed, we have not Identlfied any materlal uncertaintles relatin8 to events or condltlons that, individually Of collectively, may cast 518nificant doubt on Mld and North Essex Mlnd 's ablllty to Continue as a 8oinB concern for a period of at least twelve months from when the flnanclal ststements are author15ed for Issue. Our respon51bllltles and the responsiblllties of the trustees Wlth respect to goln8 concern are descrlbed In the relevant sedlons ol thls TeporL other Inforniatlon The other inl¢xmation compr15e5 the Informatlon Included In the trustee5' annual report other than the financlal statements and our audltor'5 report thereon. The trustees bre responslble fof ihe other Information contained within the annual report. Our opinion on the flnanclal statements does not cover the other infomailon and, except to the extent oiherwlse explicitly stated In our report, we do not expres5 any form cf assurance conclusion thereon. Our responsSblllty is to read the other inforrnation and, in dolng 50, conslder whether the oiher Informatlon Is materially inconsistent with the financlal Statements or our knowledge obtalned in the course of the audit. or otherwise appears to be materlally misstated. If we identify such materlal Incon51stencies or apparent materlal mlssiaiements, we a fequlred to determlne whether thi5 8ives rise to 3 material mlsststement In the financlal statements themselves. If, based on the work we have performed, we conclude that there is l rnaterial misstatement of this other Information. we are required to report that fact. We have nothlng to report In thls regard.
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MIDAND NORTH ESSEXMINO Oplnlons on other m•tteTh pr•5crlbed by the Cornpalnes kt 2006 In tsur opinion, based on the work undertaken in the course of the audlt.. The informatloll Blven in the trustees, annual report for the financlal year for whlch the flnancial statements afe prepared is conslstent wth the financial 5tatements.' and The trustees, annual report has been prepared In accordance th applicable legal requirements. Matt•rs on whlch we ar• requlred to report by •xceptlon In the Ilght of the knoedge and understanding of the charitable company and Its environment obtained in the course of the audlt, we have not identlfied material Misstatements in the trustees, annual report. We have nothlng to report In respect of the followin8 matters in relation to which the Companies Act 2006 require5 US to report to you , in our opinlon.. Adequate accountlNJ record5 have not been kept, or returns adequate for our audlt have not been recelved from bran¢hes not visited by us; or The financlal statment5 are not In a8reemenl wlth the accountln8 records and returns. or Certain disclosures of trustees, remvnerauon speclfied by law are not made- or We have no¢ recelved all the information and explanatlons we require for our audit,. or The dlrectors were not entitled to prepare the ffinanrlal statements in accordan¢e wlth the small companles re8lme and take advantage of the Small cornpanles, exemptions In preparin8 the trustees, annual report and from the requlrement to prepare a strate81¢ reporL Responslbllbtl•s oltrujtees A5 explalned more fully in the statement of tru5tees' responslbllities set out In the trustees. annual report, the trustees (who a also the dlrectors of the charitable company for the purposes of company lawl are responslble for the preparation of the flnancial statements and for beln8 Satlslled that they glve a true and falr view, and for such Internal Eontrol as the trustees deterrnine Is necessary to enablE the preparatlon of flnan¢lal statement5 that are free from rnaterlal misstatement, whether dve to fraud or efroi". In prepaflng the flnanclal statements, the trustees are responslble for assessln8 the charStable company's ablllty to continue as a 8oln6 concern, dlsclosln& as appllcable, matters related to going ¢¢ncern and usln8 the 8oin8 concern basls of accounting unless the trustees elther Intend to Ilquldate the tharltable company or to ce05e operatlons, or have no reali5tlc altefnalve but to do so. Aydltor's resPs1111t1QS lor th• •udltotthe lknan¢lal 5tstem•nts Our objectives are to obtaln reasonable a55urance about whether the flnan¢lal 5taternents as a whole are free from materlal mlsstatement, whether due to fraud or error, and to Issue an audltor's report that Includes our oplnlon. Reasonable a55urancè is a hh level of assurance but Is not a guaranteè that an audlt conducted In aetordance wlth 15As IUKI wlll always detect a matefSal mlsstatement when it exlsts. Misstatements can arlse from fraud or error and are consldered materlal If, Indivithally or In the aggregate, they could reasonably be expected to Influence the economic decisions of users taken on the basls of thèse firtènclal statements. Irregularitles, Includln8 fraud, are Instances of non-compllance wlth laws and regulations. We design procedures In Ilne wlth our responsibilitles, outllned above, to detect materlal m15Statements In respect of irre8ularlties, includln8 fraud. The extent to whlch our procedures are capable of detecting IrreBularitie5. Includin8 fraud are set out below. Capablllty olthe audtt In detealni IrwularRI•s In identlfylng and a55e55ing rlsks of rnaterial misstatement In respect of IrTe8ularltles, in¢ludlng fraud and non-compl13n with laws and regulations, our procedures included the following.. We enqulred of managemenL whSch included obtaining and reviewng supporting documentatlon, concemln8 the charlty's policie5 and procedure5 relating to.. Identifyi, evaluatin6, and complyin8 wlth law5 and re8ulatlons and whether they were aware of any instance5 Of non.complian. Detectin8 and re5pondirg to the rlsks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud,. The internal contrds established to mlate rlsks related to fraud or non-compliance with laws and re8ulatSons. We Inspected the rnlnutes of meetings of those charged wlth 8overnance. -14-
REPORT OFTHE INOEPENOENT AUDITORS TO THE MEMBERS OF MID AND NORTH ESSEX MINO We obtalned an understan(fin8 of the legal and regulatory framework that the tharity operates In, focusin8 on those laws and regulations that had a material effect on the financial statements or that had a fundameAtal effect on the opefatlons of the charlty from our Pfofession31 and sector experlence. We comrnunicated applicable laws and regulatlons throuBhout the audit team and remained alert to any indlcations of non-compliance throu8hout the audit. We revlewed any reports made to regulators. We revlewed the financial ststement disdosures and tested these t0 supporting documentatlon to assess compllance with applicable laws and re8ulatlons. We performed analytlcal procedures to identtfy any unusual or unexpected relatlonshlps that may Indlcate rlsks of matersal mi55t3tement due to fraud. In addressing the risk of fraud through management ovefrlde of controls, we tested the approprlateness of Journal entries and other adjustments, assessed whether the judgements made in making acc04tntlng estimates are Indicative of a potentièl bi35 and tested significant tran5actlon5 that a unusual or those out51de the normal course of business. Because of the Inherent Ilmltatlons of an audit, there Is a rlsk that we will not detert all Ifreguladtles. Includlng those leadlng to a mateflal mi5ststement Sn the financlal statements or non-compllance wlth re8ulatson. Th15 rfsk increases the more that compllance wlth a law or re8ulation is femoved from the events and transactlon5 renected in the finantlal statements, 35 we wlll be less Ilkely to become aware of Instances of non-compliance. The rlsk Is also greater regardln8 irregularltles occurrln8 d¢Je to fraud rather than error, as fraud Involves intentlonal concealment, for8ery, collusion, omlsslon or m15representstlon. A further descrlptlon of our responslbllitles Is avallable on the Flnanclal Repgrtin8 Councll's webslte at.. www.frc,or8.uVaudltorsresponslbllltlès. Thls descrlpUon forms part of our audltor's repoft. ol our r•port Thls report Is made solely to the charltable company's member5 a5 a body, In a¢¢ordancè wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mlght state to the charftable ¢ompèny's members those matters we are requlred to state to them In an auditor's report and for no other purpose, To the fullest extent permitted by law, we do not aept or assume responslblllty to anyone other than the charltable company and the charltsble company's members as a body, for our audlt work, for thls reporL or for the oplnlons we have fomied. Joanna Pittman (Sen1 Statutory Audltorl for and on behalf of Sayer Vln¢eni LLP Invlcta House 108-114 Golden Lane London ECIY OTL Date.. 1 l November 2022 -15-
MID AND NORTh ESSEX MIND STATEMENT OF FINANCIAL ACTNITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNn FOR THE YEAR ENOED 31 MARCH 2022 2022 Total funds 2021 Total fund5 Unrestricted funds Restrlcted funds Notes INCOME AND ENDOWMENfs FROM Donatlons and legacie5 131501 65.995 198A96 187,798 Other tharftablp artivltlej Psycholo8lcal wellbeing Communlty serv15 1,172078 1.393.596 120,653 15,798 1293J31 1009J94 LOII,186 804,787 Investment Income 3,rAIi 3.(K)I 1.590 2,70&976 201446 2,904422 2,005,361 EXPENDITURE ON Charltable aCt&tIeS 2,056,317 201167 2258,484 1,680,520 NET INCOME 645,659 279 645.938 324,841 RECONCILIATION OF FUNDS Total funds broutht foThrd 1,680A23 571.196 2351019 1,927,178 TOTAL FUNDS CARRIED FORWARO 2J26 482 571A75 2097,957 2,252,019 The notes form part of these financlal statements -1
MID AND NORTH ESSEX MIND BALANCE SHEET 31 MARCH 2022 Company number 033 74820 2022 2021 Notes FIXED ASSETS Ton8ible assets 12 64506 685.295 CURRENT ASSETS Debtors Cash at bank and In hand Short term deposits 13 105,565 111,188 1.798.590 1,620,684 63 273,813 Z,45ZA18 2,005,685 CREDtroRS Amounts falllng due vhthln one year 14 1117,2991 1324A351 MET CURRENT SEr5 335 119 1.681,250 TOTAL ASSETS LESS CURRENT UABILITIES 2,980,7ZS 2,366,545 CIIEDITORS Arnounts fallln8 due after more than one year 15 138.3681 167,1891 PROVISIONS FOR LIABILITIE5 17 144.4001 147,3371 NET ASSETS 2,897,957 2 252,019 FUNDS Unrestricted funds: Generol fund Designated fund- Contin8ency fund Dè5ignathd fund- Other Designated fund- Hxed assets 19 944,231 612,IiJo I50,0 620.251 27L138 612,000 150,000 647,685 2.326 482 1680.823 Restrl¢ted funds 571475 571.196 TOTAL FUNDS 2,897 957 2,252.019 The financial gtatements were approved by the Board of Trustees and auihorised for ISS on 12 October 2022 and were slgned on Its behalf by.. P Pushman-Trustee The notes fomi part of these financial statements -17-
MIDAND NORTh ESSEX MIND CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Notes Cash flows fn>m ¢)peratlni actl¥ltl Cash generated from operations la 482,271 813,442 Net cash provided by operatln8 a¢tNities 813,442 sh trryow5 from attltIeS Purd)ase of tsnglble flxed assets Short term deposlts InterE5t recelved Interest pald 11,0961 1274.4501 3,1)01 4,5881 152,3601 1273,8131 1,590 16,0741 Net Cash used In Investln8 acllvltles 277.133) 330,6571 Cath Ilowj from 1kn•ne •rtlvltl•s Loan rePaents In year 27 25,7471 Net C45h used In flnancln8 al¥ltIeS 27.232) 25,7471 Ch•ni• In •nd fh equlnl•nts In th• reportln8 pqrlod 177,9LNI 457,038 Cash and ush equfvlhnts rt th• bInnr ofth• Iort1 pwknd 1620 684 1,163,646 sh and cash qqulval•nts 4t th• end of th• r•portln8 p•rlod 1.798.590 1,620,684 The notes form part of these financial statements
MID AND NORTH ESSEX MIND NOTES TO ThE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 N•t Inry>m• for th• rgportln8 porlod14s p•rth* Stat•mgnt of FInal ActIvIt5) Adjustments for. Depreclatlon Charges Interest recelved Interest pald Movement on provlslons Decrease In debtors IDecreaselhncTease In uedbtors 645,938 324,841 40,784 28,194 11,5901 6.074 12,8021 294.502 164.223 4,588 I44A8) 5.623 167.6531 N•t cath pro¥ld•d by op•rntloni 482.271 813,442 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.21 Cash flow At 31.3.22 N•t ush Cash at bank and In hand Ih20,684 177,906 Ih20,684 ITI,906 1,798,590 Debt Debts fallln8 due wlthln l year Debts fallln8 due after l year {27.1621 67,1891 11.5881 128.7501 138A61) 94,351 Totsl 1516 33> 1,731 205 139 72 The notes form part of these financtal statements -19.
MID AND NORTH ESSEX M140 NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2022 GENERAL INFORMATION The charlty is a publlc benefit entlty and a prfvate company limited by guarantee, registered in En8land and Wale5 and 3 re8i5tered charity in En8land and Wales. The addre55 of the re8iStered office Is The Constantlne Centre, 272a Merseo Road, Colchester, Essex, C02 8QZ, En8land. ACCOUNTING POLICIES Basls of preparlnK th• financlal stat•m•nts The flnancial 5tatement5 of the charltable company, whlch is a publk benefit entlty under FRS 102. have been prepared In accordance wth ihe Charitles SORP IFRS 1021 'Ac¢ountlng and Reportln8 by Charttie5.' Statement of Recommended Practice applicable to charitie5 preparin8 thelr accounts In aCCQTdanre wlth ihe Flnancial Reporung Standard appllcable in the UK and Republic of Ireland IFRS 1021 leffecfjve l January 20191,. Flnancial Reportlng Standard 102'The Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland. and the Companles Act 2C%J6. The financial statement5 have been prepared under ihe hi5toriGal cost convendon. The presentatlonal and functional currency of these flnanclal statements Is sterlln8. Values are rounded to the nearest pound. Publk b•n•flt •ntlty The charlty meets the deffinltlon of a public bentfit entlty under FRS 102, Incomlng r•sourc•J All Incomln8 resources are Included In the statement of hnanclal actlvltles when entltlement ha5 passed to the charity,. It Is probable that the e¢onomic beneflt5 a350cl¥ted wlth the transaction wlll flow to the charfty and the amGunt can be rellably measured. The followln8 speclllc pollcles are applied to partlcular cale8orles of Income.. In¢ome frorn donatlons or grants15 recogni5ed when there15 evldence of entltlement to the 81 receipt Is probable and its amount can be measured rellablv. Legacy Income Is fewgnlsed when recelpt is probable and entltlement Is establlshed. Income frorn contracts for the supply ol servlces Is recognlsed wlth the dellvery of the contracted servi. This Is dassifled as unrestrirted fvnd5 unless there Is a ¢ontra¢tual iequFrement for It to be spent on a partlcular purpose and returned Sf unspent, In whlch case It may be regarded a5 restrlcted. Income re¢elved In odvan¢e of the provision of a specified service is deferred until thè critèrla for Income re¢o8nition are met Resources expended Expendlture Is recogn15ed on an accruals basis as a Ilablllty Is Incurred. Expendbture Indudes any VAT whlch cannot be fully recovered, and 15 cla55ified under headin85 of the statefflent of financial artivilie5 to whlch It Telate5.' ExpendSture on charltable advltles includes all costs Incurred by a tharlty In undertaklng actlvltles that further Its charltsble alms for the benefit of its beneliciaries. including those support costs and costs relatln8 to the governance of the charlty apportloned to charitable actfvltles. Other expenditure includes all expenditure that 15 neither related to ralsing funds for the charity nor part of its expendllure on charitoble activities. All costs are allocated to expenditure cate8orie5 reflecting the use of resource. Direct costs attributable to a slngle actlvlty are allocated dlrertly to that actlvlty. Shared costs are apportloned between thè actlvlllos thev contribute to on a reasonable, lustlfiable and conslstent basls. -20-
MID AND NORTH ESSEX MIND NOTES TO THE FINANCIAL5TATEMENTS- contlnued FOR TrIEYEAR ENDED 31 MARCH 2022 AccouKfiNG POLIOES- contlnued Tanllble fbx•d a55•ts Depreciation is provided at the followlng annual rates in order to write off each a55et over its estrmated useful Freehold land and bjlldlngs Equlpment 30% on reducln8 balance 33% on cost If an Item Is deemed to have an e5tlrnated useful Ilfe of greater than one year It Is capilallsed and subject to depreciation. Assets purchased for less than £1,000 are expensed dlrectly to the Staiement of Flnandal A¢tlvlty and are not capitalised. Fixed assets are revlewed on an annual basls for Impairment. The land held within Freehold Land and 8ulldSngs15 not sublert to depreclatlon. Op•ratln8 l•ase5 Rental charge5 ale chaf8ed on a stral8ht Ilne ba515 over the term olthe lease. T•Matlon The charlty Is exemptfrom corporatlon tax on Its ¢harltable actlvltle$. Fund accountlnE Unrestricted funds are avallable fof use at the d15crelion of the trustees to further any of the charlty's purposes. Deslgnated funds are unre5tTiGted funds eamiarked by the trustees for parbcular future projects or ¢ommltment. Restrlcted funds are subjected to restrl¢tlons on their expendlture declared by the donor or through the term5 of an appeal, and fall Into one of tsvo sub<lasses: restricted Income funds or endowment fund5. D•fftTr contrlbutlon plans The charlty operate5 a deflned ContribuOrt penslon scheme. The assets of the scheme aré held separately from those of the charlty In an Independently admlnlstered fund. The penslon cost represents contributlons payable under the scheme by the eharfty to the fund. The chJrlty has no Ilablllty under the scheme other than for the payment of those contrlbution5. Defined benefft plan The charity operates a deflned benefit pension 5theme. The cost of provldlng penslon and related benefits Is harged to the statement of ffinancial Ktivities over the employees, service Ilves on the basls of a constant percenta8e of earnings whlch Is an estlrnate of the re8ular c05t. Variations from re8ular cost, arlsing from perlodic actuarial valualiuns are allocated over the expected reMaInir service lives of current employee5 on the basis of a constant percenta8e of current and estimated future earnln85. Any difference between the charge to the statement of ffinancial actlvitles and the contrlbutions payable to the scheme 15 shown 35 an asset or liablllty In the balance sheet. JudKements and key source5 of e5tlmatlon unc•rtalnty The preparation ¢rf the financlal statement5 requires management to make lud8ements, estlmates and assumption5 that affe¢t the amounts reported. These estlmaies and judgements are contlnually revlewed and are based on experience and other factors, Includln8 expectstions of future events that ale believed to be reasonable under the circumstances. -21-
MID AND NORTH ESSEX MIND NOTES TO THE FINANCIAL STATEMENTS- ujntlnued FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTrNG POLICIES- contlnued Hnanclal InrumentS The charlty onty has flnanclal assets and financlal Ilabilities ef a kind that qualify 35 basic financial instruments. 8aslc financlal instruments a Inltlally recogn15ed at transaction value and subsequently measured at their settlement value Iwlth the exception of bank loans which are subsequently measured at amortised c05t usin8 the effective interest methodl. Debtors Trade and other debtors we reco8n15ed at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepald net of any trade dlscounts due. Short tfrni d•poslts Short tèmi dep051ts Include5 cash balances that are Invested In account5 wlth a maturity date of beeen 3 and 12 months. C•sh at bank and In hand tssh at bank and cash in hand Includes cash and short term highly liquid investments wSth a short maturlty of three months or lèss from the date of acquIslon or opening the deposlt or slmllar account. Cr•dltors •fid provlslons Credltors and provlslons are reco8nlsed where the charlty has a present obllgatlDll re5uliin8 from a past event that wlll probably result In the iran5fer of funds to a thlrd party and the amount due to settle the ¢bll8atlon can be measured or estlmated rellably. Credltors and provlslons are nomially reco8n15ed at their settlement arnount after allowlng for any trade dlscounts due. GOI conw The trustee5 have consldered the finaKlal position of the charlty, Its Snve5tment portfollo. Its resernes, a5 well as Its cash flow and Ilquld resour¢e and they belleve the charity Is able to mana8e its business rlsk Successfully. There are no materlal uncertaintSes that may Cast doubt on the charity's ability tc continue as a going concern. The trustees have a reasonable expectatSon that Is has adequate resourEe5 to contlnue In operational exlstence for the near future. Therefore. they rontbnue to adopt the 8oin8 concern basls of accountlrt8 In preparin8 the annual flnan¢lal statements. DONATION5 WIO LEGACIES 2022 2021 Oonatlons Grants 114574 86.922 63,587 124,211 198.496 187,798 Durin8 the current fbnarKial year £111,57412021.. £63,5871 of donation5 were receSved wlth £4,07412021'. £51)Jl representing restricted funds and £107,5CQ12021.. £63.0871 repre5enlln8 TestrIcted funds. Grants recerved for the year totalled £86,922 12021.. £124,211) wlth £61,922 12021.. £98,980) representln8 restrirted funds and £25,00012021.. £25,231) repre5entln8 unrestrfcted funds. -22-
MIDAND NORTH ESSEXMIND NOTE5 TO THE FINANCIAL STATEMENTS- ¢ontlnu•d FOR THE YEAR ENDED 31 MARCH 2022 OTHER CHARITABLE ACrivlEs 2022 2021 Oth•r Incom• from tharltabl• 4rtMtI•s Psychological wellbei Community sèrvlces Government8rant income 1,292.751 IA09,394 I.OLM),423 804,787 10,763 2,702.925 IAIS.973 Other income from charttable actsvltles is derived from the provlslon of servlces by the charlty. The nature of these serv1$ Is as described in the Report of the Trustees. Of the £2.702.92512021: £1,815,973) received In the year, £136,45112021'. £132,842) represented re5trt¢ted funds and £2,566,47412021.. EI.672.3681 represented unrestricted funds. Durln8 the year, the charlty recelved furlou8h claims from the 8overnment totalllNd £78012021.. £10,7631 under the CoronavSrus lob ReteThtlon Scheme. The sums asslsted the charlty In paylng for staff members who were out on temporary leave Ifurloughl due to the coronavlrus ICOVID-191 global pandemlc. INVESTMENT INCOME 2021 Bank interest receivable 3ml 1.590 -23-
MID AND NORTH ESSEX MIND NOTE5 70 THE FINANCIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2022 CHARITABLE AcfiviTIES COSTS re Support Costs ls•• note 7} ZO22 TOTAL Staff costs Premlses Ilncludln8 depreclatlonl General offlce Flnance costs Audltors remuneratlon (Governance c05tsl A¢¢ountancy fee5 (Governance costsl Counsellors, fees Other costs 1.379.403 84.325 1.990 341,299 46.755 1,720,702 1.080 40N94 16,260 16,260 12.IXX) 45,850 287.510 45,850 103 257 184,253 1,614,825 643.659 Dlrect C05t5 Support Costs (see note 71 2021 TOTAL Comparatlves for charltable octlvle5 Costs Staff costs Premlses Ibndudlw deprecIaonI General offlre Flnance c05ts Audltors remuneratlon IGovernance costs) Ac¢ountarKy fees (Governance costs) Counsellors, fees other costs 992.242 38.233 2,881 249,867 47,511 30,905 6,074 11,280 6,660 1,242,109 85,744 33.786 6,074 11,280 6,660 41.397 253,470 41,397 100,885 152,585 1,175,638 504.882 1,680,520 SUPPORT cosrs 2022 2021 Staff costs Premlses Iln¢ludln8 depreclatlonl General offlce Finance costs Audltors remuneratlon IGoveman¢e c05t51 Accountancy fees (Governance costs) Other ¢05ts 341.299 46,755 38.504 4.588 16.260 12,IMJO 249.867 47,511 30,90S 6,074 11,280 6,660 152 585 643,659 504,882
MID AND NORTH ESSEX M1140 NOTES TO THE HNANCIAL STATEMENTS-contlnued FOR THE YEAR ENDED 31 MARCH 2022 NET NCOMVIEXPENDITUREI Net Incomellexpendituiel is Stated after char8ing/lcredStln81: 2022 2021 Audltors, remuneration lexd. VAn Under prO510n for Prior year Corporation tax DepreciaOn- owned assets Operatins lease c05t5 9ACrfJ 1,880 40,785 18.700 28,194 15,1 TRUSTEES, REMUNERATION AND BENEFITS No rèmunerayon or other benefits from employ)nent ¥th the charlty or a related entlty were recelved by the trustees. Tru5t••s' •xpqns•s Durlng the year trustee5' pxpenses were pald of £NII12021.' £NIII and no donatlons were recefved from the tru5tee's12021.' £NIII, io. STAFF COSTS 2022 2021 Wages and salarle5 Soclal security costs Other pen$lon costs 1,573,275 115.296 L135,156 83.576 23,377 1242 109 Included wlthln wa8e5 and Salaries Is a settlement payment for £3,74412021: £6,C#301. The average monthty number of employees durlr6 the yearwas as follows.. 2022 2021 65 Number of staff The number of emF4oyÈÈs whose employee benefits lexcludlng employer penslon 105ts1 exceeded £60,QJO wa5.. 2022 2021 £60,001- £70,COJ Key Manlnent Pernonnel Key management personnel indude all persons that have authority and responslblllty for plannlng, dlrecting and controlli8 the artivities of the charity. The total remuneratlon pald to key management personnel for services wovided to the charity wa5 £225.12012021: £182,1911. -25-
MIDAND PKIRTH ESSEX MIND NOTES TO THE FINANCIALSTATEMENTS- contlnugd FOR THE YEAR ENDED 31 MAJICH 2022 ii. COMPARATIVES FOR THE STATEMENT OF HNANCIAL ACTMTIE5 Unrestricted fvnds Re5trlcted funds Total fund5 INCOME AND ENDOWMENTS FROM Donztlon5 ond le8acle5 88,316 99,482 187,798 Other tharitable actlvltles Psychologlcal wellbelng Communlty 5ervice5 878,344 804,787 131842 1.011,186 804,787 Investment income 1,590 Total 1,773,037 232,324 2,005,361 PENDITURE ON Charllable a¢tlviile5 1.450,379 230,141 1.680,520 NET INCOME 322,658 2,183 324,841 Trnnsf•rs b•two•n fvnth 29,355 29,3551 N•t mo¥•m•nt In fundj 352,013 127,1721 324,841 RECONCILIATION OF FUNDS T*)tsl funds broutht fon¥ard 1,328,808 598,370 1,927,178 TOTAL FUN05 CARRIED FORWAAD 1,680,821 571,198 2 252,Q19 TANGIBLE FIXED A55Ers Freehold land 3nd bulldln85 Equlpment Tots15 COST At l April 2021 Addltlon5 717.515 111,118 L096 828.633 ¥096 At 31 March 2022 717.515 111214 829,729 DEPREaATION At l Aprll 2021 Charge for year 93,992 14,350 49.346 26.435 143,338 40,785 At 31 March 2022 108,342 75.nl NEf BOOK VALUE At 31 March 2022 609,In 36,43Y 645.606 At 31 Marth 2021 623.523 61.772 685,295 -26-
MIDANDNORTH ESSEX MIND NOTES TO TrfE FINANCIAL STATEMEN75- ¢ontlnuqd FOR ThE YEAR ENDED 31 MARCH 2022 TANGIBLE FIXED ASSEfs- cortlnued The value of land Included within Freehold Land and Buildin8s is estimated to be £320,CQO12021'. £320.(X)01. Thlsls not depreciated. DEBTORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2021 Trade debtors Prepaymentg and accrued Income 99.161 33,664 77,524 111,188 CReDITORS., AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Bank loans (see rtotè 161 Trade credStOfS Other taxes and soclal securlty Other credltors Accruals and deferred Income Dllapidatlons provislon 28,750 29.583 32,620 7,776 18.570 27,162 20,080 25,113 11,951 199,058 41,071 117299 324,435 20ZZ 2021 Deferred Income 180,888 180,888 Income from contracts for the supply of servlces Is reco8nlsed wlth the delivery of the seNi¢e. Where the completlon ol the dellvery of the servlce occur5 Past year end this element of the Income Is treated a5 deferred Income at the year end. -27-
MIDANDNORTH ESSEX MIND NOTES TO THE FINANCIALSTATEMENTS- contlNed FOR ThE YEAR ENDED 31 MARCH 2022 15. CREOITORS.. AMOUNTS FAWNG DUE AFfER MORE THAN ONE YEAR 2022 2021 Bank loans (see note 161 38,368 67,189 i& LOANS The bank loan corrprlse5 of a commerclal mortgage from the bank. The interest rate on the mortgage Is a fixed rate of 5.68% per annum. The luan is Secured against the Mer5ea Road property. Included wlthln tdItOrs.. amounts fallin8 due after more than one year is an amount of £38,368 12021.. £67,189) In respect of bank loans payable or repayable whi¢h fall due for payment after more than one year but less than five year5 from the reportSn8 date. 17. PROVISIONS FOR LIABILITIES P•nslons ind slmll•r oblwlons At l Aprfl 2021 Reversal In year 47J37 2,9371 At31 2022 For further detalled Informatlon BaldIng the YPT Retlrement Solutlons The Growth Plan, scheme please refer to note 22 wlthln these flnanclal statements. -28-
MID AND NORTH ESSEX MIND NOTE5 TO THE FINANCIAL STATEMENTS- ¢ontlnugd FOR THE YEAR ENDED 31 MARCH 2022 ANALls OF NET ASSEfs BEtWEEN FUNDS Unrestricted fund5 Re5trirted funds 2022 Totsl lunds Flxed a55ets Current asset5 Current liabilities Long term liabille$ prOs1on$ for liabilities 620.251 1,878,370 189,3711 138,3681 144,4001 25JSS 574,048 127,9281 645.606 2,452.418 1117.2991 (38,3681 2,326,482 571.475 2.897,957 Comparallws far an•lysls ofn•t sMts b•twMn hmds Unrestrlcted funds Re5trkted funds 2021 Trtal Iub)ds Flxed assets Current assets Cuirert Ilabllltles Long temi Ilabllltles Provlslons for Ilabllltles 647,685 1,464.488 1316,8241 167,1891 47,3371 37.610 541,197 17,6111 685,295 Z,005,68S 1324,4351 167,1891 47 3371 1,680,823 S71,196 1252,019
MID AND NORTH ESSEX MIND NOTES TO ThE FINANCIAL sfATEMENTS- eontinuéd FOR THE YEAR ENDED 31 MARCH 2022 19. MOVEMENT IN FUNDS Net movement in fvnd5 Transfers between fund5 At 31.3.22 At 1.4.21 Unre5trlrted funds General fund De3i8nated fund- COnngenCY fund Designated fund- Other C*esi8nated fund- Hxed assets 271,138 612.000 150,000 647,685 645.659 27.434 944,231 612.C o,ryJo 620.251 127A341 1,680,823 645,659 2326082 R•strlrt•d funds NHS ASD Projert Nature In Mlnd Essex Wide Crbsis Cafe Suicide AwarellessTTalnlng Educat+on Mental Health Pradltloner COVID.19 Costs ECF- IT Up8rade STaRs North E55ex Isummer Prolttt) Colche5ter Catalyst Mental Health Recovery Essex Local DelSvery Pllol Mayoral Charlty of the Year 253.972 6,035 229.623 29,(KJ9 17.6111 18.558 37.610 135.6881 218.284 6,035 229.623 25.927 127.4281 19,172 25.35S 15001 22,1 13,743 35,100 4,074 13,0821 119A171 614 112.2551 14.5ry11 22,090 13,743 35,10) 279 571,475 TOTAL FUNDS 2,252,019 645.938 2,897.957
MIDANDNORTH ESSEX MIND NOTES TO THE FINANCIAL STATEMENTS- tontlnued FOR THE YEAR ENDED 31 MARCH 2022 19. MOVEMENT IN FUNDS- contknued Net movement In funits, Included In the above are as follows.. Incoming fesources ReSoUrS expended Movement In funds Unrestrlcted funds General fund 2,701,976 12,056,317) 645,659 R•strfct•d lunds NHS ASD Project Suicide Awareness Training Educaon Mental Health PractIoner COVID.19 Costs ECF- Upgrade STaRs North Essex (Summer Pfolectl Col¢hester Catatyst Mental Health Re¢overy Essex Lccal DelNery Piloi Mayoral Charity of the Year 135,68AI 13,0821 1140A691 11,207) IIL2551 14.5fy)1 (19101 12.0561 135.6881 P,0821 119017) 614 112,2551 120,652 1.821 25,( 15,799 35,100 4.074 22.090 13,743 35,1fy) 4.074 202,1671 279 TOTAL FUNDS 2.904.422 2,258M41 645,938 -31-
MID AND NORTh ESSEX MIND NOTES TO THE FINANCLAL 5TATEMEN15- contiwed FOR THE YEAR ENDEO 31 MARC&i 2022 19. MOVEMENT IN FUNDS. eontlnued Cofflparatlvqs for Mov¢m•n In fvnd5 Net movement In funds Transfers between nds At 31.3.21 At 1.4.20 Unrestrlcted fvnds General fund Deslgnated fund- Contin6ency fund Desl8nated fund- Other Desi8nated fund- Hxed assets 566.808 612,000 150,000 322,660 1618,3301 271,138 612,0(Xl 150.000 647,685 647,685 1,328,808 322,660 29.355 1,680,823 R•rtrl¢tsd fvnds Chat Wlth Charlle NH5 ASD Project Nature In Mlnd Essex Wlde Crlsls Cafe Sulclde Awareness Tralnln8 Education Mental Health Prartltloner COVID-19 Costs ECF. tt Upgrade STaRs North Essex (Summer Prolectl 21,579 203.616 6,035 357,264 21,594 111,7181 7,776 50,356 129,3551 253,972 6,035 229,623 29,009 17,6111 18,558 37,610 4.OCI) 1127.6411 7A15 4,107 18,558 37.610 4,000 S98,370 2,181 29 3551 571,196 TOTAL FUNDS 1,927,178 324,841 2,252,019 Comparafjve net movement In funds, Included In the above are as follows.. Incomlng resources Resources expended Movement In fvnds Unrertrfded funds General fund 1,773,037 11,450,377) 321660 Restrbrt•d funds Chat Wlth Charlie NHS ASD Project Essex WSde Crlsls Cafe Sulclde Awarenes5 TralDln8 Educatlon Mental Health Practltloner COVID-19 Costs ECF- IT Upgrade STaRs North Essex15ummer Prolertl 12,062 l(XJ,500 179,9991 10,0 120,781 24,479 40,501 4.0 14,2861 150,1441 147,6421 12,5851 1116.6741 15.9211 12.8911 7.776 50,356 1127,6411 7.415 4,107 18.558 37,610 4,000 231324 1230,1431 2,181 TOTAL FUNDS 2,005,361 11.680.520) 324,841 -32.
MID AND NORTH ESSEX MIND NOTES TO THE FINANCIAL STATEMENTS- ¢onthw¢d FOR ThE YEAR ENDED 31 MARCH 2022 19. MOVEMENT IN FUNOS. continu•d The trustees have allocated reserves to the above desi8nated funds for the followin8 purpose.. Capital fund This fund is to ensure that the charity has 5uffiaent reserves to cover up to Six months runnln8 Costs. Other Thls fund Includes suffldent reserves to cover malntenante and Improvement costs to the property and IT system5, as well as costs to be Incurred In the tenderlng of future pioJects. Restrlcted fund. Charles Watkins Donations This fund includes donation5 received relating to the Charlie Watkin5 Foundation. The funds are bein8 used to set up a service providin8 5tudent5 Wlth a one-to-one or 8roup chat ses51on with a trained volunteer. A transfer of £29,355 has been made to adlust for costs un-lncurred lor the prokct In 2018119 that were allocated to unrestrfcted due to slow payments of the fund5. Restrkted fund- NHS ASD Project Thls fund relates to grant Income to be used solely for the purpose of deliverSng early InterventSon and support t¢ Youn8 people a8ed 16-19 In North East Essex who are not In educatlon, employment or tralnlng. Restrlrted fund- Nature In Mlnd Th15 fund15 Used to provlde weekty allotment 5e551ons at the Mersea Road allotment. Restrlcted fund- Out of Hours Crlls Cafe Thls lund Is used to run an out of hours servlce provldlng a safe altematlve to A&E to 5UPPOrt people and thelr carers who are experlenclng a mentsl health crlsls or emotlonal dlstress. Restrlcted fund- Sulclde Awareness Thls fvnd15 currently holdln8 donabons for a GP Suicide awareness tralnln8 project. Restricted fund- Educational Mental Health Prxtitioner Thls fund Is currently a5slstin8 In the educatlon and trainin8 of mental health practltsonefs. Addltlonal Brant fundin8 was rKelved after the year end, returnlbvd the balan of thls fund to a surplu5. 20. OTHER FINANCIAL COMMITMENTS The total future minlmum lease payments under non-cancellable operatln8 leases ¥e as follows.. 2021 Not later than I year 27J30 15,1 Between 1- 5 years ,950 52.850 67,950 -33-
MIDANDNORTH ESSfXMIND NOTES TO THE FINANCIAL STATEMENTS- contlrwe FOA THEYEAR ENDED 31 MARCH 21llZ 21. RELATED PARTY DISCLOSURES Durln8 the year an affiliation fee of £1,375 12021.. EI,3751 was pald to MIND. There were no amounts rernainin8 payable at the year end. 22. Tpf RIREMENT SOLufioNS- THE GROWTH PLAN The company partbclpates In the scheme, a multl-employer scheme whlch provldes beneflts to some 638 non-assoclated partlclpatln8 employers. The scheme Is a deflned benefit scheme In the UK. It Is not POS51ble for the company to obtain sufllclent Infomation to enable it to account for the scheme as a defined benefit scheme. Therefore It accounts for the scheme as a defined contrlbutlon scheme. The scheme Is subject to the fundlng le8151atlon outlined In the Penslons Act 2004 whlch came into force on 30 December 2005. Thls, together wilh documents Issued by the Penslons Regulator and Technical Actuarlal Standard5 Issued by the Financial Reportin6 Council, set the framework for fundin8 defined benefit occupational penslon SCIrnes In the UK. The scheme Is classlffied as a 'lart-man standlng arrangement,. Therefore the company Is potentially liable for other partlclpatlng employers, obll6atlons if those employers are unable to meet thelr share of the scheme deflclt lollowiryq wlthdrawal from the scheme. Partlclpating employers are legally requlred to meet thelr share ol thè scheme delicit on an annulty purchase basi5 on wlthdrawal from the Scheme. A full actuarlal valuatlon for the Scheme w35 carfled out at 30 September 2020. Th15 valuatlon showed assets of £800.3m, Ilabllltles of £831.9m and a defi¢lt of £31.6m. To ellrnlnate thls funding Shortfall, the Trustee ha5 asked the pJrtlGlpatln8 employer5 to pay addltSonal contflbutlons to the Scheme as follows.. D•lklt contrlbutlons From l A rll 2022 to 31 janua 2025.. •rannum able monthl Unless o conce5slon has been agreed wSth ihe Trustee the temi to 31 January 2025 applles. Note that the Scheme's prevlous valuation was carried out with an effectlve date of 30 September 2017. Thls valuatien showed assets of £794.9rn, Ilabllitie5 of £926.4m and a defldt of £131.5m. To ellmlnate this fundlng shortfall, the Trustee asked ihe partlGlpatlng employers to pay additlonal contributlons to the scheme as follows.. D•ficlt contrlbutlon$ From l Aprll 2019 to 30 September 2025 £11.243,LKIO per 8nNm Ipayable monthly and Increas1r by 3% each on I" A The recovery plan contributions are allocated to each partlclpatln8 ernployer In line wlth thelr estlmated share of the Serles l and Serles 2 scheme Ilabilities. Where the scheme Is Sn deficit and where the company has agreed to a deficit fundin8 arrangement the company reeognises a liability for th15 oblS8aYon. The amount reco6nised 15 the net present value of the deficit reduction contrlbutlons payale under the agreement that relates to the deficit. The present value is calculated uslng ihp d15count rate detalled in these dlsclosure& The unwlndin8 of the dlscount rate Is recognised a5 a flnance cosL
MIDANDNORTH ESSEX MIND NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2022 TPT REfiREMENT SOLUTIONS- THE GRowfH PLAN- contlnu•d PRESENTVAiUES OF PROVISION 31 March 2022 31 March 2021 31 March 2020 Present value of prcvlslon5 3,082 11,637 13,789 RECONCILIATION OF OPENING ANO CLOSING PROVtsIONS P•rlod Endlng 31 March 2022 (£1 P•rlod Endln8 31 March 2021 Pro%Aslon at stsrt of erltsd 11.637 13,789 Unwindin of the d15count factor interest ex ense 67 309 Oeficlt contrlbution 2,945 2,8591 Aemeasuiements- Im act of an e In assum Ilons 71 398 Aemeè5urements- amendments to contrlbutlon schedule 5,606 Provislon at end of riod 3,082 11.637 INCOME AND EXPENDITURE IMPAcr P•rlod Endlni 31 March 2022 P•rl¢)d Endlni 31 March 2021 Interest ex ense 67 309 Remeasurements- Im act of an cha e In assum tlon5 71 398 Remeasurements- amendments to contrlbutlon schedule S,606 Contributions Id In rè5 ect of future Service Costs reco n15ed In income and ex enditure account •lncludes dellned contrlbution sehèmes and future servlce contflbutsons11.e. excludSng any deficit redu¢tion payments) to defined benefSt schemes which are treated as defined contrlbutlcn schemes. -3S-
MID AND NORTh ESSEX MINO NOTES TO THE FINANCIALSTATEMENTS-£ontinued FOR THE YEAR ENDEO 31 MARCH 2022 22. TPT RETIREMENTSOLUTIONS- THE GRovmi PLAN- contlnu•d ASSUMPTIONS 31 March 2022 % per annum 31 March 2021 % per annum 31 March 2020 % per annum Rate ef dlscount 2.35 0.66 2.53 The discount rates Shown above are the equlvalent slngle dlscount rates whlch, when used to dlscount thè future recovery plan tontrlbutl¢ns due. would 8Sve the same results a5 U51n8 a fvll AA corporate bond yleld curve to dlscount the same recovery plan ContrIbuOn5. The fcllowlng schedule detalls the defldt contrlbutlons agreed between the Company and the xheme at exh year end perlod.. DEFICIT CONTRIBUTIONS SCHEIXILE 31 March 2022 31 March 2021 31 March 2020 Y•ar andln Year I 1,123 2,945 2,859 Year 2 1,123 3,033 2,945 Year 3 936 3,124 3,033 Vtar 4 2,682 3,124 Year 5 2,682 Year 6 The company must reCnISe a Ilabllity measured as the present value of the contrlbutlons payable that arlse from the deficlt recovery agreement and the resultlng expense In the income and expenditure account l.e. the unwlndin8 of thè dls¢ount rate as a finance cost In the perlod In whlch It arfses. It Is these contrlbutlons that have been used to derlve the companvs balan sheet Ilabillty. -36-
MIDAND NORTr1 ESSEX MIND DEfAILED STATEMETr OF FhN4ANC[ALAJVITItS FOR THE YEAR ENOED 31 MARCH 2022 2022 2021 INCOME AND ENDOWMENTS OonloNS and l•pcl•s Donations Grants 111.574 63,587 124.211 198,496 187,798 Other durltablq actlvltl Other Income from charltable actlvltse5 Government grant Income 2,702,145 1,805,210 10,763 2,702,925 1,815,973 InT4•rtm•nt Incom• Bank Interest re¢elvable 3.001 1.590 Total Incomlw resouYc4s 2,904,422 2,005,361 EXPENOITURE Charltabl• xlvltl•s Wa8e5 Natlonal Inswance Pen51ons Rent, rate5 and Insurance Ll8ht and heat Posta8e, statlonery and telephone Repalrs and malntenance Software and Ilcence5 Travel and 5ub51stence Tralnlng Le8al and professlonal Println8 and publicztlons Sundry expenses and consumables AdveTt15in8 and recrultment Q>un5ellors' fees Volunteer expenses Depreci3tion of tanglble fixed assets 1.263.739 89.531 26,133 65.881 4.112 909,154 64,135 18,953 33,571 590 2.881 716 30,045 9,353 8,107 28,022 748 2,107 18,388 41,397 3,399 4,072 763 24.462 11.458 11,937 33,377 1,175 2,009 16.609 45,850 1.467 14,332 1,614M2S 1,175,638 Support costs Staff cogls Wa8e5 Carrled forward 309,536 309,536 226,002 226,002 Thls pa8e does not form part of the statutory financial Statements -37-
MID AND NORTH ESSEX MIND DETAILED STATEMENT OF FINANCIAL A1vlEs FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Staff costs Brou8ht forward National Insurance Penslons 309.536 25.765 5.998 226,002 19,441 4,424 341.299 249,867 Hnanc• MortBage intsre5t 4.588 6,074 oth•r Posta8e, statlonery and telephone Repalrs and malntenance Equlpment Travel and subslstence Tralnln8 Le8al and professlonal fees Bank charges Sundry expense5 and consumable5 Advertlslng and recrultment Other hlre Rent, rate5 and Insurance Light and heat Software and Ilcences Depreclatlon of tan8ible flxed assets 38.504 {5W131 16.024 3,2n 11.194 ,662 474 2.677 9,747 2,595 14.262 6.041 $4.615 26,452 30,905 11,054 573 1,481 3,922 74,301 828 1,667 17,358 2,077 17,739 5,650 39,324 24.122 269,512 231,001 Gov•man¢e cojts Auditor5, remuneratlon Audlt and accountancy fees 16,260 12,0fy) 11,280 6,660 28260 17,940 Total resour¢e5 expended 1680 520 N•t In¢om• 645,938 324,841 Th15 page does notform part of the statutoryfinanclal statements -38-