Registered number: 0337482 Charitv number: 106430 MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) CONTENTS Reference and Administrative Details of the Charitable Company, its Trustees and Advisers Trustees' Report Independent Auditors' Report on the Financial Statements Statement of Financial Activities (incorporating income and expenditure account) Balance Sheet Statement of Cash Flows Notes to the Financial Statements The following pages do not form part of the statutory financial statements: Charity Detailed Income and Expenditure Account and Summaries Page 1 2-9 10 - 13 14 15 16 17 - 35
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees I Beaumont, Chair P Cheng, Vice Chair P Pushman, Treasurer M Edwards (resigned 13 December 2024) L Brewster M Harrison (resigned 1 April 2025) TEasey (appointed 4 September 2024) J Hopkins J Purcell (appointed 28 May 2025) H Connery (appointed 28 May 2025) Company registered number Charity registered number Registered office Chief executive officer Independent auditors Bankers Solicitors 03374820 1064309 The Constantine Centre 272a Mersea Road Colchester Essex CO2 8QZ Ginny Idehen Sumer Auditco Limited Statutory Auditor 820 The Crescent Colchester Business Park Colchester Essex CO4 9YQ Barclays Bank plc 9 High Street Colchester Essex CO1 1DA Fisher Jones Greenwood Newcomen Way Colchester Business Park Colchester Essex 004 9YA Page 1
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report and the audited financial statements for the year ended 31 March 2025. OBJECTIVES AND ACTIVITIES a. Purpose Our purpose is to promote the preservation of good mental health by enabling and empowering everyone experiencing mental health problems to live with, manage and recover from their condition. And to relieve the needs of people with mental health problems by working to increase the understanding of good mental health and mental health problems and to raise awareness, promote understanding and challenge stigma and discrimination. Our mission is to listen to our communities and offer compassionate and inclusive mental health services, resources, and practical support to promote wellbeing for everyone. The trustees review the mission, values and activities of the charity each year having regard to the guidance issued by the Charity Commission on public benefit. This report reflects on what the charity has achieved over the reporting period. b. Achievements and performance The charity provides a wide range of support to the people of Mid and North East Essex. We work in partnership with other Minds, the NHS and local Government in our locality, as well as key community organisations, charities and service providers, to reduce health inequalities. We work with our communities so everyone can understand how to take care of their mental health and get the support they need. We work to develop and embed inclusive, accessible projects and support services that meet local needs. We listen, support and advise, pushing for a better deal for everyone experiencing a mental health issue. We strive to support people of all ages, from young people in schools to older people struggling in isolation. We provide services for people with mild to moderate mental health issues such as anxiety, stress and depression, as well as those in crisis, who have experienced trauma and who may be living with a long-term mental health condition. Our work this year was informed and influenced by our leadership team, our colleagues and our lived experience panel (Voices for a Brighter Future) to deliver our three year strategy (2024-2027) ensuring that we continue to morove our offer to our communities. Page 2
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES (continued) c. Our activities During 2024/2025 more than 6900 people used the following services of our charity: North East Essex Crisis Café and Sanctuary provided safe, welcoming spaces for 1922 individuals in North East Essex where people experiencing emotional distress or mental health crisis receive support outside of normal working hours, seven days a week. Counselling delivered one to one talking therapy to 615 adults and children by counsellors qualified to practice face to face, by phone or on-line. Mid Essex Sanctuary provides a safe, supportive space where people experiencing emotional distress or mental health crisis can receive support outside of normal working hours 365 days a year. This service supported 2702 people in 2024/25. Personality Disorder Support for 122 people living with a personality disorder in Mid Essex. Self Harm Management Toolkit provided guidance and support for individuals working with school-age children and young people under 18 in educational settings. Our workshops were attended by 194 individuals. STaRS (Support Time and Recovery Service) provided support to 1289 adults living with a mild to moderate mental health problem needing information, advice and practical support to get help from other local services and organisations. Employment Advice Service supported 683 people living with a mild to moderate mental health problem who needed help with employment issues. Mental Health Toolkit - The Mental Health Toolkit provides practical resources to help us understand emotional health, its importance, and its connection to physical well-being. The toolkit is designed for everyone, including families, friends, and colleagues, and aims to create emotionally healthy environments. It offers courses on essential topics like emotional health, sleep, and relaxation techniques. 558 people attended our workshops in 2024 / 2025. Youthful Wellbeing working in partnership with other local Minds, this service offered support to 21 young adults aged 18-25 who were experiencing mental health problems. Welcome cafes across Mid and North East Essex provide a warm, safe space where people can enjoy a coffee r tea and chat, play some games or try our arts & crafts or just relax and make new friends. They welcome 12 people in 2024/25 Chelmsford (36) and North East Essex (76 Enquiries More than 3000 people visit our website each month, up 96% on last year. Accredited Organisation Mid and North East Essex are fully accredited: BACP (British Association for Counselling and Psychotherapy) Mindful Employer Cyber Security Essentials Data Security and Protection Toolkit (NHS) Mind Quality Mark Page 3
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES (continued) Mid and North East Essex Mind is one of more than one hundred local Minds accredited by Mind, a national charity committed to campaigning for promoting better mental health of people in England and Wales. ACHIEVEMENTS AND PERFORMANCE a. Financial review The financial year 2024/2025 was a challenging year for the charity and we ended the year with a deficit of £183,283. Our income fell from £2,749,677 to £2,347,461 following the expiry of two major contracts. During the year we were awarded a new contract to open new Sanctuary services in Colchester and Clacton Essex from October following the closure of our Crisis Cafes. Net assets decreased slightly to £2,850,273. Property and equipment accounted for £641,943 of this; with £219,485 being held in restricted funds and £1,150,000 designated for future spend. This leaves us with free reserves of £838,845 equivalent to more than three months' expenditure. b. Sources of funding In 2024/2025 our major source of charitable activity funding was contract income from the NHS which accounted for 60% of total income. Other income included other service contracts and trading (21%), donations, grants and legacies (15%) and bank interest (4%). In line with our three-year strategy we will continue to diversify our income streams by investing in our external training offer and our fundraising team to explore opportunities for further grant-funding and support from corporate partners and community giving. Mid and North East Essex Mind is registered with the Fundraising Regulator. c. Investment policy As charity trustees we have overall responsibility for the investment of the charity's reserves in order to secure the best financial return within an acceptable level of risk. The trustees have therefore agreed an investment policy whereby funds are held in interest-bearing cash accounts. Funds equivalent to six months' expenditure must be accessible within three months and a further six months' expenditure must be accessible within six months. Excess funds not required in the short-term may be invested for up to a maximum of 24 months. All investments are held in accounts with institutions covered by the Financial Services Compensation Scheme and investments are limited to £85,000 with any one institution or group, unless an institution has a credit rating of at least AA. Page 4
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 d. Reserves The charity needs financial resources to achieve our chartiable objectives and to deliver our strategy. During the year the trustees undertook a review of the level of reserves required in order to: protect against the risk of an unforeseen emergency or other unexpected need for funds, e.g. an unexpected large bill or finding 'seed-funding' for an urgent project cover unforeseen day-to-day operational costs, e.g. employing temporary staff to cover a long-term sick absence provide a source of income in the case of funding not being renewed or being lower than anticipatec invest in new services and opportunities to meet local need deliver planned commitments that cannot be met by future income alone, such as plans for a major asset purchase or to a significant project that requires the charity to provide 'matched funding' • meet short-term deficits in in cash flow where money may need to be spent before a funding grant is received enable the charity to wind down and cease trading in an orderly manner should we lose contracts and have insufficient income to continue as a going concern. Following the trustees review, transfers have been made between unrestricted reserves and designated funds (see note 18). The charity will maintain unrestricted reserves equal to meet these demands and this will be re-calculated annually (Contingency Fund). Separate provision is made for any property or equipment leases. The charity will hold further unrestricted reserves to maintain and replace property and fixed assets as they wear out (Building Maintenance and Renewals). We have exciting plans for the future to grow and develop as a charity. The trustees have earmarked funds to enable this to happen over the next three years as we deliver the charity's strategic plan. Over this three year period our reserves will reduce and return to the level we need to ensure the ongoing financial stability of the charity. e. Principal risks and uncertainties The trustees maintain a risk register, which is regularly reviewed by the Risk and Quality Sub Committee of the Board of Trustees to ensure that the charity understands and manages potential risks and complies with regulatory and statutory requirements. The charity has in place a risk framework to mitigate significant risks through measures which include robust system of internal control suite of policies and procedures, supplemented by staff training external review (Mind Quality Mark and Mindful Employer) comprehensive insurance package. The three principal risks facing the charity are loss of income due to the financial pressures on our funders and donors in this period of economic certainty, loss or unauthorised access to personal data by third parties and continuity of staffing to ensure we are can continue to deliver consistent high-quality services. Page 5
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 f. Going concern The trustees have considered the financial position of the charity, its investment portfolio, its reserves, as well as its cash flow and liquid resources and we believe the charity is able to manage its business risks successfully. here are no material uncertainties that may cast doubt on the charity's ability to continue as a going concert he trustees have a reasonable expectation that the charity has adequate resources to continue to operate fo the foreseeable future. Therefore, we continue to adopt the going concern basis of accounting in preparing the annual financial statements. g. Plans for the future We have identified that to move forward and grow as a charity we need to develop in four areas to transform our organisation and work towards our organisational vision for the future. Impact on beneficiaries We should know what impact we are having on our beneficiaries and communities. We need to listen to our ensure that we are a positive enabler for demonstrable improvement in mental health for our beneficiaries. Growing our people We want to move towards a culture of support, innovation and excellence and involve our colleagues, volunteers, and Voices for a Brighter Future members in this change. We want to make sure that as we transform, our teams are exploring new ways of supporting our communities, staying resilient and are high performing. Sustainable finance We need to ensure that as we change, develop, add new services, and make decisions about current services, we are moving towards a greater diversification in our income (85% commissioned services) and that we become operationally break even during the period of our three-year strategy with sensible and planned spending of our reserves. Building our Eco System Ne want to be an integral part of the Mental Health eco-system in Mid and North East Essex. We want to b enablers, partners, and collaborators to improve the wider system in our area. We want to ensure that gaps ar plugged, and that the environment is conducive for innovative partnership working for the benefit of our communities. STRUCTURE, GOVERNANCE AND MANAGEMENT a. Constitution Mid and North East Essex Mind is a charitable company limited by guarantee, incorporated on 16 May 1997 and registered as a charity on 10 September 1997. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. Page 6
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT (continued) b. Appointment of trustees All trustees give their time voluntarily and receive no benefits from the charity. Expenses of £387 (2023/24 - £ 110) were reclaimed from the charity. Trustees are recruited through a rigorous process of advertisement, shortlisting and interview. All trustee appointments are ratified by the full board. New trustees have a period of induction and attend a number of board meetings as an observer before being elected to the board. c. Governance The charity's Board of Trustees meets four times a year, with additional meetings as required. The board is responsible for strategic direction, for ensuring proper governance of the charity's activities and risk management. A paid CEO is appointed by the trustees to manage the day-to-day operations of the charity in line with a formal Scheme of Delegation. d. Remuneration The CEO's remuneration is set by the Board of Trustees. All roles at the charity are consistently evaluated and remuneration is determined through comparison against similar roles in the sector and local area. This ensures that all staff, including the senior leadership team, are paid at the appropriate level for their role. e. Related parties and relationships with other organisations Partnership working is an essential element of all the work that Mid and North East Essex Mind provides across the locality and allows for a better way of delivering high quality services. It is essential to know and understand potential partners when considering any form of partnership. After identifying an organisation to work with on the delivery of a project or service, we carry out due diligence to ensure that both parties are a good match and share the same overall vision and values. f. Equality, diversity and inclusion (EDI) Mid and North East Essex Mind is committed to providing high quality mental health care within a safe environment by appropriately qualified and competent staff. We aim to ensure that all staff act in a fair and consistent manner. All employees are encouraged to develop their skills and fulfil their potential to take advantage of training, development and progression opportunities in Mid and North East Essex Mind. Selection for employment, promotion and training is based on aptitude and ability. Mid and North East Essex Mind is committed to treating all its employees and job applicants equally and to recruit the best person for each vacancy. Page 7
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT (continued) No employee or potential employee shall receive less favourable treatment or consideration during recruitment and selection on the ground of race, colour, religion or belief, nationality, ethnic origin, sexual orientation, gender, age, disability, marital status or part-time status or will be disadvantaged by any conditions of employment that cannot be justified as necessary on operational grounds. We have an EDI Steering Group to looking at how we can improve diversity across our organisation and the services we deliver. g. Sustainability The charity is committed to supporting the environment and minimising the impact we have on our surroundings and local communities. We are on a journey of continuous improvement and acknowledge that more can be done to further reduce the impact that we have on the environment. STATEMENT OF TRUSTEES' RESPONSIBILITIES The Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charitable Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are select suitable accounting policies and then apply them consistently; • observe the methods and principles of the Charities SORP (FRS 102); make judgements and accounting estimates that are reasonable and prudent; • state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitable Company's transactions and disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditors Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that: • so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information. Page 8
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Auditors The auditors, Sumer Auditco Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Small Companies note In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Approved zra September 2025 Trustees and signed on their behalf by: Page 9
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MID AND NORTH ESSEX MIND Opinion We have audited the financial statements of Mid and North Essex Mind (the 'charitable company") for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: • give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and • have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 10
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MID AND NORTH ESSEX MIND (CONTINUED) Other information The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. 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. 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 course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements. • the Trustees' Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion: • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of Trustees' remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report. Page 11
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MID AND NORTH ESSEX MIND (CONTINUED) Responsibilities of trustees As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditors' responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussion with the Trustees (as required by auditing standards), inspection of the Charitable Company's regulatory and legal correspondence and discussed with the Trustees the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably. Firstly, the Charitable Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation, distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the Charitable Company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: health and safety, safeguarding, employment law, Mind Quality Mark, BACP, The Equality Act 2010 and GDPR. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal Page 12
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MID AND NORTH ESSEX MIND (CONTINUED) Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: enquiries of management and those charged with governance as to whether the Charitable Company complies with such regulations; enquiries of management and those charged with governance concerning any actual or potential litigation or claims, inspection of relevant legal documentation, review performance of analytical review to identify any unexpected movements in account balances which may be anital even to any an eat of board minutes, testing the appropriateness of journal entries and the indicative of fraud There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK). A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed Piers Harison Piers Harrison FCA (Senior Statutory Auditor) Sumer Auditco Limited Statutory Auditor 820 The Crescent Colchester Business Park Colchester Essex C04 9YQ Date: 11 September 2025 Page 13
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Income from: Donations and legacies Charitable activities Investments Other trading activities Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward Note 4 5 6 7 Unrestricted funds 2025 244,335 1,842,401 94,493 42,177 2,223,406 2,402,042 2,402,042 (178,636) 2,809,424 (178,636) 2,630,788 Restricted funds 2025 € 78,133 45,922 : 124,055 128,702 128,702 (4,647) 224,132 (4,647) 219,485 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 17 to 35 form part of these financial statements. Total funds 2025 322,468 1,888,323 94,493 42,177 2,347,461 2,530,744 2,530,744 (183,283) 3,033,556 (183,283) 2,850,273 Total funds 2024 129,185 2,483,831 114,414 22,247 2,749,677 2,714,010 2,714,010 35,667 2,997,889 35,667 3,033,556 Page 14
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) REGISTERED NUMBER: 03374820 BALANCE SHEET AS AT 31 MARCH 2025 Fixed assets Tangible assets Note 14 2025 641,943 641,943 2024 646,324 646,324 Current assets Debtors Short term deposits Cash at bank and in hand 15 Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Defined benefit pension scheme asset / liability Total net assets Charity funds Restricted funds Unrestricted funds Total funds 16 413,005 1,799,775 140,179 2,352,959 (144,629) 159,948 2,152,604 243,369 2,555,921 (167,771) 2,208,330 2,850,273 - 2,850,273 2,388,150 3,034,474 (918) 3,033,556 18 219,485 2,630,788 2,850,273 224,132 2,809,424 3,033,556 The financial statements were approved and authorised for issue by the Trustees on 3id September 2025 and signed on their behalf by: The notes on pages 17 to 35 form part of these financial statements. Page 15
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Cash flows from operating activities Net cash (used in)/generated from operating activities (see note 23) Cash flows from investing activities Purchase of tangible fixed assets Short term deposits Interest received Interest paid Net cash provided by/(used in) investing activities Cash flows from financing activities Loan repayments Net cash used in financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 17 to 35 form part of these financial statements Page 16 2025 € (531,185) 2024 (425,618) (7,560) 352,829 94,493 (3,912) 435,850 (3,632) (901,268) 114,414 (6,476) (796,962) (7,855) (7,855) (30,493) (30,493) (103,190) (1,253,073) 243,369 1,496,442 140,179 243,369
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. General information Mid and North Essex Mind is a charitable company limited by guarantee, incorporated in England ano Wales, registered company number 03374820 and registered Charity number 1064309. The address of the registered office is The Constantine Centre, 272a Mersea Road, Colchester, Essex, CO2 8QZ. 2. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Mid and North Essex Mind meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Going concern After reviewing the charitable company's forecasts and projections, together with all known factors, the Trustees have a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. The entity therefore continues to adopt the going concern basis in preparing its financial statements. 2.3 Income All income is recognised once the Charitable Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charitable Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charitable Company, can be reliably measured. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Page 17
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. Accounting policies (continued) 2.3 Income (continued) Income is deferred only when the charitable company has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Other income is recognised in the period in which it is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Charitable Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non- charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitable Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charitable Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Operating leases Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term. 2.7 Pensions The Charitable Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charitable Company to the fund in respect of the year. The Charitable Company participated in a defined benefits pension scheme until they left the scheme during the 24/25 financial year. Page 18
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. Accounting policies (continued) 2.8 Taxation The Charitable Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charitable Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 2.9 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Freehold property Equipment : 2% straight line 33% straight line 2.10 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.11 Cash at bank and in hand Cash at bank and in hand represents cash available on demand. Deposits with a maturity of less than one year held for investment purposes rather than to meet short-term cash commitments have been disclosed as short-term deposits. 2.12 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charitable Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. Page 19
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. 3. Accounting policies (continued) 2.13 Financial instruments The Charitable Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method 2.14 Fund accounting Unrestricted funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charitable Company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charitable Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund Critical accounting estimates and areas of judgement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions: The more significant judgements and estimates involved in the preparation of the financial statements include assessing the depreciation rates applicable to tangible fixed assets and the way in which certain costs should be apportioned. Further details regarding these points are included within the accounting policies. Page 20
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4. Income from donations and legacies Donations Legacies Grants Unrestricted Restricted funds funds 2025 2025 € € 88,066 154,103 2,166 244,335 78,133 Total funds 2025 € 88,066 154,103 80,299 322,468 Donations Grants Unrestricted funds 2024 110,195 3,000 113,195 Restricted funds 2024 6,000 9,990 15,990 Total funds 2024 116,195 12,990 129,185 5. Income from charitable activities Counselling STaRs (Support Time and Recovery Service) Crisis Cafe's Self Harm Toolkit North East Essex Sanctuary Mid Essex Sanctuary Youthfull Wellbeing Employment Advisors Equity and Lived Experience Fund Other charitable activities Unrestricted funds 2025 € 334,510 349,094 227,749 265,243 389,531 29,728 229,921 10,000 6,625 1,842,401 Restricted funds 2025 € 45,922 .... 45,922 Total funds 2025 € 334,510 349,094 227,749 45,922 265,243 389,531 29,728 229,921 10,000 6,625 1,888,323 Page 21
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities (continued) Counselling STaRs (Support Time and Recovery Service) Futures in Mind Crisis Cafe's Self Harm Toolkit MHST (Mental Health Schools Team) Mid Essex Sanctuary Youthfull Wellbeing Employment Advisors Other charitable activities Unrestricted funds 2024 Restricted 296,919 361,404 127,833 379,368 836,436 337,914 42,613 27,527 28,877 2,438,891 44,940 .... Total funds 2024 296,919 361,404 127,833 379,368 44,940 836,436 337,914 42,613 27,527 28,877 44,940 2,483,831 Income from charitable activities is derived from the provision of services by the charity. The nature of these services is as described in the Trustees' Report. Investment income Bank interest receivable Unrestricted funds 2025 94,493 Total funds 2025 € 94,493 Bank interest receivable Unrestricted funds 2024 114,414 Total funds 2024 114,414 Page 22
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 7. Other incoming resources Events and Sponsorship Unrestricted funds 2025 42,177 Total funds 2025 € 42,177 Events and Sponsorship Unrestricted funds 2024 22,247 Total funds 2024 22,247 8. Raising funds Event costs 2025 21,240 21,240 2024 16,764 16,764 9. Charitable activities costs Staff costs Premises (including depreciation) General office Finance costs Auditor's remuneration (Governance costs) Accountancy fees (Governance costs) Other costs Direct costs 2025 € 1,314,324 94,168 33,036 648 : 212,858 1,655,034 Support costs Total 2025 505,303 27,346 63,831 2,925 12,700 795 241,570 854,470 2025 € 1,819,627 121,514 96,867 3,573 12,700 795 454,428 2,509,504 Page 23
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Staff costs Premises (including depreciation) General office Finance costs Auditor's remuneration (Governance costs) Accountancy fees (Governance costs) Other costs Direct costs 2024 1,655,133 67,393 30,422 298 - - 161,470 1,914,716 Support costs Total 2024 473,751 29,548 42,894 6,167 12,000 11,790 206,380 782,530 2024 2,128,884 96,941 73,316 6,465 12,000 11,790 367,850 2,697,246 10. Net income/(expenditure) Depreciation Auditors' remuneration Operating lease expenditure 2025 11,941 12,700 26,032 2024 22,674 12,000 2,572 11. Auditors' remuneration Fees payable to the Charitable Company's auditor for the audit of the Charitable Company's annual accounts Fees payable to the Charitable Company's auditor in respect of: All non-audit services not included above 2025 12,700 795 2024 12,000 750 12. Trustees' remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024 - ENIL). uring the year ended 31 March 2025, expenses totalling £387 were reimbursed or paid directly to ustees (2024 - £110 to 1 Trustee). These reimbursements were in relation to travel expense Page 24
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Staff costs Wages and salaries Social security costs Pension costs 2025 1,631,841 124,329 65,035 1,821,205 2024 1,912,562 149,296 69,788 2,131,646 Included within wages and salaries is a settlement payment of £22,979 (2024: ENil). The average number of persons employed by the Charitable Company during the year was as follows: Employees 2025 No. 77 2024 No. 90 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2025 2024 No. No. In the band £60,001 - £70,000 1 - Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charitable company. The total remuneration paid to key management personnel for services provided to the charitable company was £283,946 (2024: £308,052). Page 25
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Tangible fixed assets Cost or valuation At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 Freehold land and buildings Equipment 717,515 717,515 118,514 7,560 126,074 75,743 7,950 83,693 113,962 3,991 117,953 633,822 641,772 8,121 4,552 15. Debtors Due within one year Trade debtors Other debtors Prepayments and accrued income 2025 € 191,878 7,728 213,399 413,005 Page 26 Total 836,029 7,560 843,589 189,705 11,941 201,646 641,943 646,324 2024 61,306 98,642 159,948
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Creditors: Amounts falling due within one year Bank loans Trade creditors Other taxation and social security Other creditors Accruals and deferred income 2025 59,082 29,479 12,042 44,026 144,629 2024 7,855 49,694 24,646 241 85,335 167,771 17. Loans The bank loan comprises of a commercial mortgage from the bank. The interest rate on the mortgage is a fixed rate of 5.68% per annum. The loan is secured against the Mersea Road property. During the year, the commerical mortgage loan was paid off in full and therefore no remaining creditor balance is included within the accounts. Page 27
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds Statement of funds - current year Balance at 1 April 2024 Income Expenditure Unrestricted funds Designated funds Designated fund - Contingency fund Designated fund - Buildings maintenance and equipment renewals Designated fund - Fixed assets Designated fund - Organisational Development 1,067,500 600,000 646,324 286,000 2,599,824 : - - : - - General funds General fund Total Unrestricted funds 209,600 2,809,424 2,223,406 2,223,406 (2,402,042) (2,402,042) Page 28 Transfers in/out € (347,500) (350,000) (4,381) (106,000) (807,881) 807,881 - Balance at 31 March 2025 720,000 250,000 641,943 180,000 1,791,943 838,845 2,630,788
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds (continued) Restricted funds NHS ASD Project Suicide Awareness training Self-Harm Toolkit Dual Diagnosis Anonymous Hyperlocal Fund Welcome Cafe Personality Disorder Service Mental Health Toolkit Training Counselling for Children and Young People Time to Talk Day Total of funds 133,000 23,945 64,421 2,766 : : 224,132 45,922 5,000 5,000 12,000 25,219 29,914 1,000 124,055 3,033,556 2,347,461 Page 29 (14,949) (32,854) (5,000) (2,766) (5,000) (12,000) (25,219) (29,914) (1,000) (128,702) (2,530,744) : : - 133,000 8,996 77,489 219,485 2,850,273
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds (continued) Statement of funds - prior year Balance at 1 April 2023 Income Expenditure Unrestricted funds Designated funds Designated fund - Contingency Designated fund - Buildings maintenance and equipment renewals Designated fund - Fixed assets Designated fund - Organisational Development General funds General fund Total Unrestricted funds 612,000 150,000 665,366 - 1,427,366 1,327,688 2,755,054 - : - : - Transfers infost 455,500 450,000 (19,042) 286,000 1,172,458 2,688,747 2,688,747 (2,675,967) (2,675,967) (1,130,868) 41,590 Restricted funds NHS ASD Project Suicide Awareness training Self-Harm Toolkit Hyperlocal Fund Total of funds 133,000 23,284 86,551 242,835 2,997,889 6,000 44,940 9,990 60,930 2,749,677 - (5,339) (25,480) (7,224) (38,043) (2,714,010) (41,590) (41,590) - Page 30 Balance at 31 March 2024 1,067,500 600,000 646,324 286,000 2,599,824 209,600 2,809,424 133,000 23,945 64,421 2,766 224,132 3,033,556
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds (continued) As detailed in the Trustes report, the trustees reviewed the designated funds in the year and calculated the updated value of funds to be designated. The trustees have transfered reserves to the designated funds for the following purposes: Contingency fund The fund represents unrestricted reserves equal to meet the charities demands and this will be re- calculated annually. Organisational development This represents funds which have been designated to invest for growth and service development to return to break-even and deliver the charity's strategic plan. Building Maintenance and Equipment Renewals The charity has designated these reserves to maintain and replace property and fixed assets as they wear out. Restricted fund - NHS ASD Project This fund relates to grant income to be used solely for the purpose of delivering early intervention and support to Young people aged 16-19 in North East Essex who are not in education employment or Restricted fund - Suicide Awareness This fund is currently holding donations for a GP Suicide awareness training project. Restricted fund - Self-Harm Toolkit The fund relates to a contract to support the maintenance and roll out of a 'self-harm management toolkit' in schools in mid Essex. There has been a £41,590 transfer in the prior year from this restricted reserve into general reserves in relation to a transfer which was a desianation rather than a restriction Restricted fund - Hyperlocal To deliver Mental Health Awareness and Suicide Awareness Training in the Community. Restricted fund - Youthful Wellbeing A co-produced personalised care service inclusive of shared decision making, personalised care & support and personal health budget (PHB) opportunities with/for young people aged 18-25 experiencing mental health problems. Restricted fund - Welcome Café Funding from CVST (Tendring) to run our Welcome Café in Clacton. Restricted fund - Personality Disorder Service Funding from Braintree District Council and the Fowler, Smith & Jones Trust to support our new Personality Disorder service. Restricted fund - Mental Health Toolkit Training Funding to deliver Mental Health Toolkit training to individuals and businesses across Mid and North East Restricted fund - Counselling for Children and Young People Funding to deliver counselling sessions to children and young people in Essex schools. Page 31
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds (continued) Restricted fund - Time to Talk Day Funding from national Mind for Time to Talk Day Restricted fund - Dual Diagnosis Anonymous Set up weekly Dual Diagnosis Anonymous meetings in a local community setting to create a recovery community network with access to clear referral pathways to other support services if required 19. Summary of funds Summary of funds - current year Designated funds General funds Restricted funds Balance at 1 April 2024 2,599,824 209,600 224,132 3,033,556 Income Expenditure 2.223,406 124,055 2,347,461 (2,402,042) (128,702) (2,530,744) Transfers (807,881) 807,881 - - Balance at 31 March 2025 1,791,943 838,845 219,485 2,850,273 Summary of funds - prior year Designated funds General funds Restricted funds Balance at 1 April 2023 1,427,366 1,327,688 242,835 2,997,889 Income Expenditure 2.688,747 60,930 2,749,677 (2,675,967) (38,043) (2,714,010) Transfers in/out 1,172,458 (1,130,868) (41,590) Balance at 31 March 2024 2,599,824 209,600 224,132 3,033,556 Page 32
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. Analysis of net assets between funds Analysis of net assets between funds - current year Tangible fixed assets Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Tangible fixed assets Current assets Creditors due within one year Provisions for liabilities and charges Total Page 33 Unrestricted Restricted funds funds 2025 € 2025 641,943 2,133,474 219485 (144,629) - 2,630,788 219,485 Unrestricted funds 2024 646,324 2,331,789 (167,771) (918) 2,809,424 Restricted funds 2024 224,132 : 224,132 Total funds 2025 641,943 2,352,959 (144,629) 2,850,273 Total funds 2024 € 646,324 2,555,921 (167,771) (918) 3,033,556
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Net income/expenditure for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Interest paid Movement on provisions Increase in debtors (Decrease)/increase in creditors Net cash (used in)/generated from operating activities (183,283) 11,941 (94,493) 3,912 (918) (102,144) (24,792) (389,777) 35,667 22,674 (114,414) 6,476 (1,047) (46,276) (328,698) (425,618) 22. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 2025 € 140,179 140,179 2024 243,369 243,369 23. Analysis of changes in net debt Cash at bank and in hand Debt due within 1 year Liquid investments At 1 April At 31 March 2024 Cash flows 2025 243,369 (103,190) 140,179 (7,855) 7,855 2,152,604 (352,829) 1,799,775 2,388,118 (448,164) 1,939,954 Page 34
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 24. TPT Retirement Solutions - The Growth Plan The company participated in the multi-employer scheme which provides benefits to some 638 non- associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK. The Charity departed the scheme during the 2024/25 financial year, settling debt amounting to £10,797. 25. Operating lease commitments At 31 March 2025 the Charitable Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows: Not later than 1 year Later than 1 year and not later than 5 years 2025 € 12,352 2,783 15,135 2024 26,032 15,135 41,167 26. Related party transactions During the year, an affiliation fee of £2,064 (2024: £1,375) was paid to MIND. There were no amounts remaining due at the year end date. Page 35
(Dompany ties by Guarantee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Income Donations Grants Other income from charitable activities Bank interest receivable Fundraising Legacies Total income in the reporting period Expenditure Charitable activities Wages National insurance Pensions Rent, rates and insurance Light and heat Postage, stationery and telephone Repairs and maintenance Software and licences Travel and subsistence Training Legal and professional Printing and publications Bank charges Sundry expenses and consumables Advertising and recruitment Counsellors' fees Hire Depreciation of tangible fixed assets Insurance Consultancy Support costs Wages National insurance Pensions Mortgage interest 2025 € 88,066 80,299 1,888,323 94,493 42,177 154,103 1,195,624 84,264 34,490 83,672 1,875 4,203 27,354 26,838 10,702 10,810 69,292 4,735 648 13,187 6,154 28,105 1,711 2,079 152 49,139 434,639 40,064 30,545 61 Page 36 2025 € 2,347,461 1,655,034 2024 116,195 12,990 2,483,831 114,414 22,247 - 1,485,758 118,260 51,116 62,996 2,594 4,814 18,263 23,145 19,091 29,222 54,622 5,603 298 1,772 3,389 20,323 10,903 2,547 : 424,043 31,035 18,673 1,329 2024 2,749,677 1,914,716
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Postage, stationery and telephone Repairs and maintenance Travel and subsistence Training Legal and professional fees Bank charges Sundry expenses and consumables Advertising and recruitment Other hire Rent, rates and insurance Light and heat Software and licences Depreciation of tangible fixed assets Auditors' remuneration Audit and accountancy fees Printing Consultancy 2025 33,267 28,007 3,732 16,855 138,691 99 5,111 15,382 2,789 17,092 9,871 53,058 9,862 12,700 795 - 1,850 Expenditure from raising funds Postage, stationery and telephone Repairs and maintenance Software and licences Travel and subsistence Training Legal and professional fees Printing and publications Bank charges Sundry expenses and consumables Advertising and recruitment 1,713 1,442 2,785 2,028 850 640 339 470 10,973 Total expenditure Net (expenditure)/income for the reporting period Page 37 2025 854,470 21,240 2,530,744 - (183,283) 2024 34,957 (468) 4,406 10,177 122,823 347 10,265 11,688 3,466 14,719 13,520 36,860 20,127 15,120 8,670 773 - 1,119 2,248 (280) 2,897 1,794 1,258 414 11 2,252 5,051 2024 782,530 16,764 2,714,010 - 35,667
MID AND NORTH ESSEX MIND (A Company Limited by Guarantee) INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The notes on pages 17 to 35 form part of these financial statements. Page 38