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2023-03-31-accounts

Mind in Harrow

Registered Charity Number 1067480 Registered Company Number 03351324

Trustees’ Annual Report & Financial Statements Year Ended 31 March 2023

Contents

TRUSTEES’ ANNUAL REPORT

TRUSTEES’ ANNUAL REPORT
Legal and Administrative Information 3
Chair’s Foreword 4
Our Vision, Mission, Values, & Strategic Priorities 5
Delivering Public Benefit 5
Achievements & Performance 5
Policy Review 6
Our Services 6-7
Other Income Generation 8
Structure, Governance & Management 9-11
Statement of Trustees Responsibilities 12
Acknowledgements – Funders & Partners 13
Financial Review 14-15
Approval 15
AUDITED ACCOUNTS
Report of the Auditors 16-17
Statement of Financial Activities 18
Balance Sheet 19
Statement of Cash Flows 20
Notes to the Accounts 21-34

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LEGAL and ADMINISTRATIVE

Name: Mind in Harrow

Name: Mind in Harrow
Company Number: 3351324
Charity Number: 1067480
Principal Address: 132-134 College Road
Harrow
Middlesex HA1 1BQ
Trustees: Appointed
Jillian Anderson
Jeffrey Defries (Chair) 13/06/2022
Kanchan Desai
Nitasha Dhiri 09/05/2022
Adelle Henry 09/05/2022
Robert Pender
Colin Powell
Komal Raja
Resigned
Joanne Norman 13/06/2022
Tasneem Shikoh 13/06/2022
Neelam Farzana 05/10/2022
Hansraj Shah 03/10/2022
Neema Jagatia 14/11/2022

Co-options: Raymond Bannerman, Harrow User Group Leroy Rose, Harrow User Group Company Secretary: Anna Ware Senior Management Team

Anna Ware Chief Executive Sabrina Solomon Head of Services Neil Hedgecock Head of Finance Deniz Csernoklavek Service Manager Corinna Weber-Gray Service Manager Auditors: Goldwins Limited 75 Maygrove Road, West Hampstead, London NW6 2EG Bankers: HSBC Harrow Branch, 26-28 St Ann’s Road, Harrow HA1 1LA Solicitors: Bates Wells, 10 Queen Street Place, London EC4R 1BE

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

CHAIR’S FOREWORD

This is my first full year report and I shall start it by acknowledging all those who have contributed to a busy and productive year.

I must begin by thanking those trustees who have stepped down from the board - Hansraj Shah, Neema Jagatia, Neelam Farzana and Tasneem Shikoh and by welcoming two new trustees- Adelle Henry and Nitasha Dhiri. Contributing to the board is all about experience, expertise and enthusiasm.

We have also appointed our first ever Patron- Lord Daniel Finkelstein and I am pleased to welcome him too to our charity.

I am delighted that we have confirmed Anna Ware as our permanent Chief Executive – her agenda is full and ranges from the operational to the strategic and I am confident that she will bring inspirational leadership to the organisation. The challenges of focussing on what we do best and where our work can have the greatest impact runs alongside the tough funding imperative.

Over the past year our staff have delivered a wide range of services to support those living with mental ill-health and we have increased face to face activities postpandemic, all of which you can read about in this annual report. There is no doubt that what we do and the services we provide are of vital importance to the people and families of Harrow.

During the year we have delivered on an ambitious restructuring programme, recruiting a Head of Services and a

Communications and Marketing coordinator to support the growth of the charity and to improve our delivery strategy.

We aim to be flexible and nimble in how we react to changing needs and requirements.

During the course of the year we were subject to something called MQM (Mind

Quality Management)- an inspection that we passed with flying colours!

As always, we are grateful to our volunteers, supporters and funders for their help and commitment to the charity.

The year 2023-24 will be challenging for us on every front. We have a growth strategy but that growth must see us concentrating and developing the services we are best qualified to provide. In parallel we must develop a funding strategy for both the charity as a whole and in relation to particular services.

The need for improved mental health and wellbeing lies at the heart of what we do and what we shall continue to do.

I am confident that we have a team in placestaff and trustees- to deliver on these ambitions.

Jeffrey Defries Chair of Trustees

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

OUR VISION, MISSION AND VALUES

Our Charitable Objectives

The objects of Mind in Harrow, as stated in the Articles of Association, are:

Our vision

We will not give up until everyone experiencing a mental health problem gets both support and respect.

Our mission

We provide information and support to empower anyone experiencing a mental health problem from all our local communities. We campaign together with people experiencing mental health problems to improve local services, raise awareness, and promote understanding.

Public Benefit Statement

The Trustees consider that they have complied with Section 17 of the Charities Act 2011 with regards to the guidance on public benefit published by the Charity Commission.

The Trustees review the aims, objectives, and activities of the charity each year. This report considers the charity’s achievements and its outcomes in the reporting period.

The Trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help.

The review also helps the Trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set.

Achievements and Performance

The charity's main activities are described below.

All its charitable activities focus on the development of services for clients who suffer mental health distress and/or emotional needs residing in the borough of Harrow.

Our Values and Culture

Our values are at the heart of what we do:

Open - We reach out to anyone who needs us.

Together - We’re stronger in partnership. Responsive - We listen, we act. Independent - We speak out fearlessly. Unstoppable - We never give up.

These charitable activities are undertaken to further Mind in Harrow’s charitable purposes for the public benefit.

During the year working with national Mind, our neighbouring Mind’ s in West London, and other partner agencies, Mind in Harrow campaigned to challenge discrimination and reduce stigma around mental health.

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

Policy Review

Our organisation has seen many changes in this past year, which has changed our culture, working environment and organisational expectations. This has resulted in a review of a number of policies, in particular our HR related policies, our GDPR policies and our health and safety policies.

Our services

Harrow Talking Therapies

Mind in Harrow delivers the ‘Step 2’ element of Harrow’s Talking Therapies service in partnership with CNWL NHS Foundation Trust. The service is for individuals experiencing common mental health problems such as depression, low mood, anxiety and/or stress, providing free access to therapies including Cognitive Behavioural Therapy (CBT), guided self-help, timelimited counselling, and employment support. Treatments are personalised so can be accessed via workshops or one-toone (over the telephone, online or face-toface).

For 2022-23 we successfully achieved our targets, receiving more than 5000 referrals and providing 12,846 booked appointments, including assessments, 1to1 treatments and groups workshops. Our recovery rate was 54% over the year, exceeding the target of 50%.

Stepping Stones

Stepping Stones offers a tailored course programme, following term times, for adults with mental health needs and delivers a range of education, leisure and physical activity courses in mainstream venues. The project enables service users to move into mainstream courses, leisure activities and volunteering, giving them greater control over their lives and renewed confidence and independence. Stepping Stones aims to help people with mild to moderate mental health issue to: reduce isolation, develop

relationships, develop routines, learn new skills, develop confidence/self-esteem, and act a bridge to move back into mainstream activities.

Across the 12 months we ran a total of 14 individual courses and 1 workshop, providing 269 course hours to 186 learners, of which 56 were new to our service. Of these learners 8 found employment, 4 went to further education, 16 into volunteering with ourselves and other charities in Harrow.

HeadsUp

HeadsUp is a young-people’s mental health service run in a consortium partnership led by Mind in Harrow with four other voluntary organisations: Mosaic LGBT Youth Centre, Paiwand (Solidarity & Support for Refugees), Centre for ADHD and Autism Support and The WISH Centre.

The service offers peer-led mental wellbeing workshops delivered by Mind in Harrow, and specialist one-to-one and group sessions delivered by the partner organisations. It is a free and confidential service for young people aged 11-25 in Harrow.

We supported 2,341 in the year, of which 93% report increased mental health awareness (target 85%); 88% report improved resilience to care for their own or a friends’ mental health (target 75%).

HeadsUp also works with parents via our outreach and engagement activities and by the expansion of our support packages to schools.

Mind in Harrow also deliver 34 specialists mental wellbeing workshop programme delivered by trained young people with a lived experience of mental ill-health in secondary schools, youth services and colleges.

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

Service user Involvement - Harrow User Group (HUG) & Experts by Experience (EbE)

Funded by Harrow Council and the NHS, the User Involvement Project supports the Harrow User Group (HUG) and the Experts by Experience projects.

The number of registered members of the Harrow User Group stands at 400.

There were 4 HUG forums in the year and a further 44 co production meetings.

Other achievements in the year included 20 inpatient ward visits, 4 PLACE inspections.

We held 6 Stigma Busting Masterclasses delivered to 308 delegates (students and teaching fellows). 72% of delegates reported that their perception of mental health inpatients had shifted following the masterclass.

Achievements of the reps and advisors included, 5 moving on to employment, 2 moving into higher education and 1 advisor was elected to the council of governors of CNWL foundation Trust.

Befriending Services

Our one-to-one befriending service reduces social isolation and improves the quality of life for adults in Harrow experiencing mental health issues who feel isolated and lonely.

In total, 22 service users were supported by our befriending services for this period. It is funded by Personal Budgets through Harrow Council and CNWL NHS Trust.

On Your Side

On Your Side offers peer advocacy, helping people to navigate through the welfare and mental health systems. We provided 19 people with 3 – 10 sessions of support,and working flexibly alongside a person to achieve their chosen goals, helping them to deal with the welfare benefits system, accompany them to assessment meetings or access timely mental health support. The project is funded by Henry Smith.

Mental Health Information Service

The Information Service is the only mental health specialist service of its type in Harrow. The telephone helpline is delivered jointly by our staff and a team of skilled volunteers. The information service is also provided via email and through our online Mental Health Directory and offers one-toone casework if a caller needs extra support.

The service supported over 700 people across the year, this is more than 100 more than the previous year, with complex support needs and information requests including counselling, accessing services, advocacy, housing, and financial concerns.

The online Mental Health Directory (directory.mindinharrow.org.uk), lists over 300 local, regional, and national services and a range of accessible factsheets. The mental health information service has been funded by NHS Harrow and Harrow Council.

SWiSH Information Service

Our Mental Health Information Service is part of the Support and Wellbeing Information Service Harrow (SWiSH), which offers the local Care Act Information and Advice Service through a consortium with four other local charities. The combined service has made over 8,500 contacts, supporting nearly 4000 individuals across the year. SWISH is funded by Harrow Council.

Hayaan Project

Hayaan is a unique Somali mental health project promoting equality & civil rights for 4,000 Somalis experiencing multipledisadvantage locally and across London. The Hayaan project recruits Somali volunteer ‘Peer Educators’ to assist in facilitating support and information sessions with Somali community members to increase their access and knowledge of local services. The project also offers

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

advocacy support for a limited number of clients with crisis mental health needs.

DIYA South Asian group

Mind in Harrow’s groups for the South Asian Community address stigma and provide culturally-appropriate mental health support The group ran 10 sessions over the year, with 20 -25 participants each session. The project is peer led, and sessions include cultural festivals, activities such as yoga, arts and crafts as well as mental wellbeing talks and discussion Each session had between 25-35 people attending, an increase from last year. The project is funded by Jasper Conrad.

Other Income Generation

Our Mind shop

Working in partnership with national Mind, the hard work of the staff and volunteers, and the generosity of the donors and customers, has meant the income to Mind in Harrow from the shop for 2022-23 has returned back to pre covid levels.

Community fundraising

than previous years. In the face of such a challenging environment, we are monumentally grateful to the individuals, companies and organisations who donated or organised fundraising to support our work, with special thanks listed in our acknowledgements on page 18.

Homes in Mind

Mind in Harrow is the Custodian of Homes in Mind, a charity set up to develop affordable homes for people experiencing mental health problems. Working in partnership with ZigZag Housing, Gollings Architects and Harrow Council housing department. The project has secured GLA funding to take it to planning stage, with an application to build 10 flats across two sites in Harrow ready to be submitted.

Thank you

We are very grateful to the extraordinary work of staff and particularly our Board of Trustees and dedicated volunteers who have sustained our services and support to the community through the year.

We are also very grateful to all our funders, who have shown exceptional understanding by allowing us to adapt and respond flexibly as we needed to during and in recovering from the national emergency.

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

OUR STRUCTURE, GOVERNANCE, & MANAGEMENT

Governing Document

Mind in Harrow is a charitable company limited by guarantee, incorporated in April 1997 and re-registered as a charity in January 1998. Its governing document is its Memorandum and Articles of Association. In the event of the company being wound up, the trustees are liable for a maximum sum of £1.

In December 2021, Mind in Harrow formally adopted its new revised and updated The Articles of Association.

The Board of Trustees (Management Committee)

We offer an opportunity for people to be coopted members of the Board of Trustees either as representatives of a relevant local community group or statutory body or because they have particular relevant expertise; co-opted members are non-voting and act as advisors. There are two coopted places available for the Harrow Mental Health User Group (HUG).

In accordance with its commitment to user empowerment, Mind in Harrow aims for a minimum of 30% of Trustees to have lived experienced of mental health problems.

Other trustees are drawn from local organisations, are ex-volunteers or interested individuals with relevant skills and expertise.

A list of trustees, elected and co-opted, is at the beginning of this report.

Sub-groups of the Board

There are 2 sub-groups of the Board, the Finance Sub-Committee, and the Performance and Quality Sub-Committee.

The Finance Sub-Committee met twice during the year; the Performance and Quality Sub-Committee is a new Sub committee, set up following our MQM and replaces the former policy and HR Sub Committee. Each -committee is made up of 3 trustees.

Trustee Induction and Training

New trustees receive an Induction Pack containing the governing document, a Trustee Role Description and relevant policies and organisational information.

They meet with the Chief Executive and Chair to discuss and clarify their role and responsibilities, working through a three stage Induction Checklist process. All undertake to abide by the Trustees’ Code of Conduct including confidentiality, safeguarding and equality & diversity policies.

They are kept up to date with new developments in the organisation by regular service and finance reports and expected to attend at least 75% of Board of Trustee meetings to be effective in their role. Trustees are encouraged to attend learning and sharing events organised by national Mind and other external agencies.

We aim to hold an awayday annually for all trustees and staff, to take forward the strategic direction of the organisation for the following year.

Scheme of Delegation

The Trustees have independent control over and legal responsibility for the charity. The Board of Trustees meet 4 times each year. The Board sets strategic direction and holds an overview of the organisation.

Responsibility for strategic management and team leadership lies with the Chief Executive, who presents reports regularly to the Board of Trustees. The senior management team (Service Managers, Head of Finance and Fundraiser) supervise

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

service staff, volunteers and the day-to-day work. Staff supervision and training are valued as a key way of ensuring the highest standards of practice are maintained.

Remuneration of key management personnel

The key management personnel at Mind in Harrow are: the Chief Executive, Service Managers, Head of Finance and Fundraiser. Before being advertised, the salary grading of these posts is recommended to the Board of Trustees, following a benchmarking review of the salaries being offered for comparable posts by other organisations and a review of the grading in relation to existing staff posts. Any special factors, such as the shortage of supply for suitable candidates in the labour market, are also considered. All positions at Mind in Harrow, including for key management personnel, are graded using the Harrow Council pay or NHS structure systems as appropriate.

Annual pay awards for all staff are set by the Board of Trustees by applying a similar percentage increase across all posts, mirroring Council or NHS pay awards as appropriate.

Principal risks and uncertainties - How the trustees plan to manage them

Principal risks and uncertainties

Mind in Harrow conducts organisation-wide risk assessments usually annually in accordance with Charity Commission guidance and recommended framework.

Following a successful interim period the CEO was appointed in September 2023.

The principal risks currently identified relate to being able to retain existing and obtaining new contracts and funding grants for our work.

How the trustees plan to manage these risks

The charity aims to maintain the confidence of funders, commissioners, and wider stakeholders through the interim

management arrangements put in place, resulting in the retention of contracts and the continued delivery of its services.

The Board and management has put in place annual business plans focussing on fundraising growth and organisational development.

Going concern

The Trustees have reviewed the charity’s projections and forecasts and have assessed the use of the going concern basis in the preparation of the financial statements. Despite the risks the Trustees have concluded that Mind in Harrow has adequate resources as at the date of approval of the financial statements such that the going concern status is secure.

Quality Assurance

Mind in Harrow is committed to providing the highest quality community mental health services, which anticipate, meet and exceed the expectations of service users, workers and other stakeholders.

The Mind Quality Mark (MQM) is Mind’s quality assurance framework and standards, which have been developed from best practice guidance and with reference to other quality systems. In August 2023 following a thorough review Mind in Harrow was awarded the MQM

Every three years, all Local Minds are required to:

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Safeguarding

Safeguarding vulnerable people is a top priority for Mind in Harrow. Following a comprehensive review of our processes and procedures last year, we have more robust systems with new policies for both Adults and Children and Young people. We have safeguarding leads within the staff team and on our Board of Trustees.

External Board Representation

To achieve our strategic aim to build affordable homes for people experiencing mental health problems, Mind in Harrow is working in partnership with ZigZag Housing, Gollings Architects and the Council housing department to develop the project.

We have formed a new Community-led Housing company called Homes in Mind to manage the project, which was an expectation of the project funding body. Mind in Harrow is a ‘Custodian Member’ of the company and has equal representation on the Board alongside prospective tenants of the new homes.

All future tenants will be Members of the Homes in Mind company so that they have formal ownership of the project. Homes in Mind has contracted Mind in Harrow to support the project development and has in place governance, financial control and conflict of interest policies to ensure that Homes in Mind acts in accordance with its objects and solely in the interests of its beneficiaries.

The Mind in Harrow Board receives regular project progress reports from the Custodian Directors it has appointed to the Homes in Mind Board (currently both Mind in Harrow ex-trustees).

ETHICAL FUNDRAISING POLICIES

Protecting Vulnerable People

Mind in Harrow has a Safeguarding Children and Young People Policy, a Safeguarding Adults at Risk Policy (both reviewed annually) and a Fundraising with People in Vulnerable Circumstances Policy (reviewed every three years), which explain how we support and work with vulnerable people.

During 2022-2023 Mind in Harrow did not work with any third parties and agencies in relation to fundraising. However, we will ensure that when we do, they adhere to our policy on working with vulnerable people which we will monitor annually or at the end of their contract with us, whichever is sooner.

Our Fundraising Approach

Mind in Harrow has a fundraising policy which sets out our approach to fundraising and is reviewed every two to three years. In 2022-23 no complaints were received regarding our fundraising practices.

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

inappropriate to presume that the charitable company will continue in business.

The trustees (who are also directors of Mind in Harrow 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 which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that 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.

Statement as to disclosure to our auditors

In so far as the trustees are aware at the time of approving our trustees’ annual report:

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

ACKNOWLEDGEMENTS

Lottery & national Funders

Thank you to everyone who has supported us during the year

We are grateful to the individuals, charitable trusts and other organisations who have supported our work through donations, collections and fundraising events and through the Mind in Harrow Charity Shop.

Grant making Trusts & Charities

Individuals, Charity of the Year and Local Organisations

Special mentions to go, Barratt Charity Foundation, Charterhouse Accountants, Circle of Friends, David Charles Estate Agents, IPSOS Mori, LOFA and SCVP and to the wonderful donors and fundraisers who have skydived, cycle and sung for Mind in Harrow.

In-Memory

A very special thank you to the families and friends who generously donated to Mind in Harrow in memory of their loved ones.

Our Volunteers, Trainers, & Mental Health Champions

We are particularly indebted to our wonderful team of volunteers, trainers, and campaigners, who support the organisation and its work in so many different and creative ways. Our grateful thanks for your inspiring and highly valued contribution to Mind in Harrow’s success. So many of our services and activities could not run without your dedication, commitment, and enthusiasm.

Our Partners

We also thank and are grateful for the commitment and expertise of all the partner organisations and individuals with whom we have worked during the year.

Statutory Funders

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

FINANCIAL REVIEW

Summary

In 2022-23 our annual income has decreased by 4% on the prior year, to £1,437k (£1,497k in 2021/22).

The continued close management of costs has achieved a small deficit on unrestricted funds of £14k for the year from an opening balance of £683k to a closing balance of £669k. This outcome is similar to that achieved in 2021/22 with a deficit of £4k.

The delivery of restricted funds has seen the opening balance of £177k, reduce by £78k to give a closing restricted reserve of £99k.

Overall deficit on total net incoming resources of £92k has been recorded for the year (28k surplus in 2021/22).

We have managed to achieve continued funding for the majority of our projects during 2022-23, including our Somali Hayaan project, Stepping Stones courses, User Involvement Project, HeadsUp youth wellbeing project, the Support & Wellbeing Information Service, the Befriending service, Social Prescribing, and the Harrow Talking Therapies service.

in Harrow’s work. This includes the running of our services, administration tasks in the office and fundraising activities. Many people with mental health problems contribute in a voluntary capacity to our services or undertake leadership roles on our planning and service development groups. In total, over 50 volunteers contributed over 3,000 hours to Mind in Harrow activities during the year.

Principal Funding Sources

Our main sources of funding are statutory bodies (Harrow Council, NHS Harrow CCG, and CNWL NHS Foundation Trust), which fund our core activities and direct services through Service Level Agreements. Grant making trusts provide grants to a number of specific time-limited projects.

Investment Policy

The Board of Trustees reviews its investment policy annually. During the 2022 / 2023 Mind in Harrow held 3-6 month notice accounts with each of Shawbrook Bank, Cambridge & Counties Bank, Hampshire Trust Bank, and Redwood Bank; a one-year fixed rate account with United Trust Bank; instant access deposit accounts with Aldermore Bank and Virgin Money; and a current account with HSBC.

Fundraising performance

We employ a Grants & Community Fundraising Manager who specialises in applications to grant-making trusts and Foundations

The Chief Executive submits priority public sector grant funding or commissioned service applications.

Our voluntary donations income for 2022 - 23 was £41k (£29k in 2021/22).

Volunteer Contribution

Mind in Harrow is greatly indebted to all its volunteers for their commitment, time and skills, who help with a wide variety of Mind

Reserves Policy

The trustees carry out an annual review of the charity’s free reserves policy in light of known risks and future plans. Free reserves are those funds which are not committed to specific contingencies or invested in fixed assets.

The Trustees have resolved that Mind in Harrow should aim to increase its free reserves to 3 months’ expenditure in response to the continued risk of income reductions from public sector bodies, low returns from bank interest, and competition for charitable trust applications.

A target for free general reserves is around £359k, £326k as at 31[st] March 2023. This

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MIND IN HARROW (A Company Limited by Guarantee) YEAR ENDED 31 MARCH 2023

will enable the charity to meet its objectives if it faces loss of income, increases in unfunded costs or delayed receipt of grants.

The Trustees hold funds in designated reserves for specific purposes. At 31 March 2023 the Trustees resolved to maintain the level of designated funds held in the

As the fundraising landscape changes, still reflecting the economic and social impacts of the pandemic, we are keeping under constant review our income generation strategy and costs.

We are pursuing our strategy to diversify our funding streams, and are delighted that the Mind charity shop in Harrow is continuing to trade well. We are also continuing our close collaboration with other local Minds through the West London Mental Health Partnership to explore further opportunities and partnership options.

APPROVAL

The Trustees’ Annual Report on pages 3-15 was approved by the Trustees on 24[th] October 2023 and signed on their behalf by:

Jeffrey Defries, Trustee (Chair)

Funding for the Year Ahead

In the light of the current cost of living crisis, and despite extraordinary support from donors and grant-makers during 2022-23, we are aware that we will face considerable challenges to maintain and develop funding streams for the current and future years. We are grateful to existing funders for their ongoing support, particularly those trusts including Jaspar Foundation and Henry Smith Charity which have been able to commit to funding our work across a number of years.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF MIND IN HARROW

Opinion

We have audited the financial statements of Mind In Harrow for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

•give a true and fair view of the state of the Charity’s affairs as at 31 March 2023 and of its income and expenditure for the year then ended;

•have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;

•have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs 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 charity'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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•the information given in the trusteesʼ report (incorporating the directorsʼ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•the trusteesʼ report (incorporating the directorsʼ report) have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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•adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us;

Responsibilities of the trustees

As explained more fully in the trusteesʼ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charityʼs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

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 auditorʼs 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 are set out below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditorʼs report.

This report is made solely to the Charityʼs 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 Charityʼs members those matters we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charityʼs members as a body, for our audit work, for this report, or for the opinions we have formed.

Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

2 November 2023

17

Mind in Harrow

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2023

For theyear ended 31 March 2023 For theyear ended 31 March 2023
Unrestricted
Note
£
Income from:
2
41,380
3
991,799
4
1,400
5
18,411
1,052,990
6
1,036,748
30,084
1,066,832
(13,842)
Reconciliation of funds:
683,327
17
669,485
Charitable activities
Raising Funds
Total funds carried forward
Net movement in funds
Total funds brought forward
Total income
Expenditure on:
Other trading activities
Investments
Total expenditure
Charitable activities
Donations and legacies		 Restricted
£
-
384,216
-
-		 2023
Total
£
41,380
1,376,015
1,400
18,411
1,437,206
1,498,760
30,084
1,528,844
(91,638)
859,827
768,189		 Unrestricted
£
127,172
942,778
3,008
16,782		 Restricted
£
-
408,214
-
-		 2022
Total
£
127,172
1,350,992
3,008
16,782
1,052,990 384,216 1,089,740 408,214 1,497,954
1,036,748
30,084		 462,012
-		 1,068,047
25,640		 375,851 1,443,898
25,640
1,066,832 462,012 1,093,687 375,851 1,469,538
(13,842)
683,327		 (77,796)
176,500		 (3,947)
687,274		 32,363
144,137		 28,416
831,411
669,485 98,704 683,327 176,500 859,827

All of the above results are derived from continuing activities.

There were no other recognised gains or losses other than those stated above.

The attached notes form part of these financial statements.

18

Mind in Harrow Balance sheet

Company no. 03351324

As at 31 March 2023

As at 31 March 2023
Note
12
13
14
16
17
Total unrestricted funds
Designated funds
General funds
Total charity funds
Fixed assets:
Tangible assets
Current assets:
Debtors
Cash at bank and in hand
Liabilities:
Creditors: amounts falling due within one year
Net current assets
Total assets less current liabilities
Total net assets
The funds of the charity:
Restricted income funds
Unrestricted income funds:		 £
47,776
803,097		 2023
£
2,203		 £
83,585
845,804		 2022
£
4,693
2,203
765,986		 4,693
855,134
850,873
(84,887)		 929,389
(74,255)
343,139
326,346		 343,039
340,188
768,189 855,134
768,189 859,827
98,704
669,485		 176,600
683,227
768,189 859,827

The financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The attached notes form part of the financial statements

Approved and authorised for issue by the trustees on 24th October 2023 and signed on their behalf by

Jeffrey Defries, Trustee (Chair)

19

Mind in Harrow

Statement of cash flows

Statement of cash flows Statement of cash flows
For the year ended 31 March 2023
Note
£
£
Net income for the reporting period
(91,638)
(as per the statement of financial activities)
Depreciation charges
4,984
Donations re Mind Retail Harrow Shop
-
Interest, dividends and rent from investments
(2,941)
(Increase) / Decrease in debtors
35,809
Increase in creditors
10,632
48,484
(43,154)
2,941
(2,494)
447
(42,707)
845,804
803,097
Analysis of cash and cash equivalents
At 1 April
2022
Cash flows
£
£
Cash in hand
845,804
(42,707)
Total cash and cash equivalents
845,804
(42,707)
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Net cash used in investing activities
Net cash provided by operating activities
Cash flows from investing activities:
Donations re Mind Retail Harrow Shop
Bank Interest
Purchase of fixed assets
2023
Cash flows from operating activities		 £
£
28,416
5,045
-
(16,782)
5,843
(63,484)
(69,378)
(40,962)
12,838
3,944
16,782
(24,180)
869,984
845,804
Other
changes
£
£
-
803,097
-
803,097
At 31 March
2023
2022
(43,154)
447		 (40,962)
16,782
(42,707)
845,804		 (24,180)
869,984
803,097 845,804
Cash flows
£
(42,707)		 £
803,097
At 31 March
2023
(42,707) 803,097

20

Mind in Harrow

For the year ended 31 March 2023

Notes to the financial statements

1) ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Mind in Harrow 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 note(s).

b) Fund accounting

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Expenditure, which meets these restrictions, is identified to the fund.

Designated funds are unrestricted funds earmarked by the Board of Trustees for particular purposes.

c) Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular income:

d) Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. staff time spent on that activity .

21

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

e) Unlisted investments Contribution to capital costs of shop refurbishment are amortised over the term of the lease until the first break clause.

f) Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation. The costs of additions below £200 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:

Leasehold Improvements - over term of lease Furniture, Fixtures & Fittings - 25% on cost Office Equipment - 33.3% on cost

g) Operating leases Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against income as incurred.

h) Pension costs The charity operates a defined contribution pension scheme with The Peoples Pension and participates in a multi-employer scheme with The Pensions Trust. The pension cost charge represents contributions payable by the charitable company to the schemes and changes to the provision recognised for future deficit reduction payments required.

i) Going concern

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and have taken account of pressures on events.

The Trustees have also considered the impact of the COVID-19 pandemic and measures taken in the UK.

The charity has a strong cash and reserves position at the time of approval of these financial statements. Having produced forecasts and made enquiries, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for at least 12 months from the date of the audit report of these financial statements. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

j) Financial instruments The charitable company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.

22

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

Income from donations and legacies (all unrestricted)
Grants
Donations		 2023
Total
£
41,380		 2022
Total
£
28,869
98,303
41,380 127,172

3 Income from charitable activities

Income from charitable activities
Clinical Services
Adult Services
Youth Services
Social Work Students
Homes in Mind
Other Trading Activities		 Unrestricted
£
882,428
86,762
22,609
991,799		 £
65,892
118,028
200,296
384,216
Restricted		 2023
Total
£
948,320
204,790
222,905		 Unrestricted
£
737,471
158,210
47,097		 Restricted
£
97,498
46,447
264,269		 2022
Total
£
834,969
204,657
311,366
1,376,015 942,778 408,214 1,350,992
2023
Total
£
1,400
-
-		 2022
Total
£
1,400
1,608
1,400 3,008

4 Other Trading Activities

Unrestricted income in both 2022 and 2023

Mind in Harrow is the Custodian Member of Homes in Mind, a company limited by guarantee, and appoints 50% of its directors as Custodian Directors. There is a consultancy agreement in place for Mind in Harrow to provide support to Homes in Mind.

Investment Income
Donations re Mind Retail Harrow Shop
Bank Interest income		 2023
Total
£
15,470
2,941		 2022
Total
£
12,838
3,944
18,411 16,782

23

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

For the year ended 31 March 2023
6a
Total Expenditure
Total Expenditure
6b
Auditor’s fees
Other Costs
Staff support costs
Total Governance Costs
Clinical Services
Adult Services
Youth Services
Analysis of total expenditure (2022)
Analysis of Governance Costs
Analysis of total expenditure
Support Costs
Support Costs
Clinical Services
Adult Services
Youth Services		 Staff
£
797,693
146,681
107,343
190,051		 Other
£
9,030
53,911
119,627
104,507		 Support
£
192,522
47,871
54,166
(294,558)		 2023
Total
£
999,245
248,463
281,136
-
1,241,768 287,075 - 1,528,844
Staff
£
650,388
307,573
99,336
29,045		 Other
£
32,607
44,009
170,961
135,619		 Support
£
86,188
44,367
34,109
(164,664)		 2022
Total
£
769,183
395,949
304,406
-
1,086,342 383,196 - 1,469,538
2023
Total
£
4,000
-
-		 2022
Total
£
4,000
48,091
11,102
4,000 63,193

24

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

This is stated after charging / crediting:

This is stated after charging / crediting:
2023 2022
£ £
Depreciation 4,984 5,046
Operating lease rentals:
Property 26,000 26,000
Other 3,563 2,474
Auditors' remuneration (excluding VAT):
Audit 3,333 3,333

Staff costs were as follows:

Staff costs were as follows:
Social security costs
Employer’s contribution to defined contribution pension schemes
Salaries and wages		 2023
£
1,095,353
102,937
43,480		 2022
£
972,551
84,086
29,705
1,241,770 1,086,342

No employee earned emoluments of more than £60,000 during the year.

The total employee benefits including pension contributions of the key management personnel were £213,229 (2022: £205,104), split as follows: Salaries £184,455, Social Security Costs £20,070, and Pensions £8,704.

The organisation paid Nil redundancy costs (2022: £25,000).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2022: £nil).

25

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

9 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:


follows:
Administrration
Direct Charitable		 2023
No.
36
4		 2022
No.
32
5
40 37

10 Related party transactions

There were no related party transactions to disclose for 2023 (2022: £nil).

11 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

12 Tangible fixed assets

Tangible fixed assets

Net book value
Disposals in year
Cost or valuation
Eliminated on disposal
At the end of the year
At the end of the year
At the start of the year
Charge for the year
At the start of the year
Additions in year
At the end of the year
At the start of the year		 Office
Equipment
Fixtures and
Fittings
£
40,162
2,494
-		 Unlisted
Investments
£
14,031
-
-		 Total
£
54,193
2,494
-
42,656 14,031 56,687
35,469
4,984
-		 14,031
-
-		 49,500
4,984
-
40,453 14,031 54,484
2,203 - 2,203
10,987 46,218 57,205

All of the above assets are used for charitable purposes.

26

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

13 Debtors

13
Debtors
14
15
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
Deferred income
Other creditors
Pension Provision within one year
Pension Creditor
Accrued Income
Trade debtors
Prepayments
Creditors: amounts falling due within one year
Accruals
Deferred income (Note 15)
Trade creditors		 2023
£
32,306
-
15,470		 2022
£
72,909
7,997
2,679
47,776 83,585
2023
£
14,993
18,409
14,682
29,091
4,082
3,630		 2022
£
-
19,682
38,919
5,878
4,082
5,694
84,887 74,255
2023
£
5,878
(5,878)
29,091		 2022
£
51,512
(51,512)
5,878
29,091 5,878

The income deferred relates to amounts invoiced in advance for services to be undertaken in 2023/24.

27

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

16
Tangible fixed assets
Net current assets
Pension Provision
Net assets at the end of the year
Analysis of net assets between funds
Tangible fixed assets
Net current assets
Pension Provision
Net assets at the end of the year
Comparative Analysis of net assets between funds		 £
2,203
340,936
-
Designated		 General
£
-
326,346
-		 Restricted
£
-
98,704
-		 Total funds
£
2,203
765,986
-
343,139 326,346 98,704 768,189
£
4,693
338,446
-
(2022)
Designated		 General
£
-
414,443
(74,255)		 Restricted
£
-
176,500
-		 Total funds
£
4,693
929,389
(74,255)
343,139 340,188 176,500 859,827

28

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

17 Movements in funds

Movements in funds
HeadsUp (City Bridge)
Total restricted funds
Total designated funds
General funds
Head for Work
EKTA
MHA Training
HeadsUp CAMHS waiting list
Development Fund
Designated funds:
Hayaan - Mind & Mercia fund
Stepping Stones
Mind CMHRF Coronavirus MH
HeadsUp CPD wkshps YHF CNWL
Adult Services
A4A Pandemic Recovery H/L & Info
HeadsUp Build back better
Restricted funds:
Clinical Services
Youth Services
Unrestricted funds:
Total funds including pension fund
Office Relocation Reserve
Employment & Pensions Fund
Projects Fund
Total unrestricted funds
Befriending
Sustainability Investment Fund
Diya South Asian group
On Your Side - HS
SMI Physical Health Checks Promotion
HeadsUp Comic Relief		 At the start
of the year
£
33,741
27,494
4,099
-
-
34,687
29,044
14,000
4,316
5,746
13,790
779
2940
4422
1442		 Income
£
13,492
20,486
-
52,400
-
59,772
63,081
7,972
69,471
-
-
-
26,527
39,270
29,400
1,110
-
-
1,235		 Expenditure
£
(47,233)
(47,980)
(4,099)
(8,633)
-
(94,459)
(92,125)
(7,972)
(34,736)
(14,000)
-
-
(30,843)
(45,016)
(22,988)
(1,889)
(2,940)
(4,422)
(2,677)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 At the end
of the year
£
-
-
-
43,767
-
-
-
-
34,735
-
-
-
-
20,202
-
-
-
-
176,500 384,216 (462,012) - 98,704
51,139
40,000
37,000
140,000
75,000		 -
-
-
-
-		 -
-
-
-
-		 -
-
-
-
-		 51,139
40,000
37,000
140,000
75,000
343,139 - - - 343,139
340,188 1,052,990 (1,066,832) - 326,346
683,327 1,052,990 (1,066,832) - 669,485
859,827 1,437,206 (1,528,844) - 768,189

29

PURPOSE OF FUNDS

Restricted Funds

Clinical Services

Somali Hayaan Project – National Mind

Provision of support, advice, and advocacy to Somali refugees, asylum seekers and their families who experience poor mental health in Harrow & Brent.

Befriending – Harrow Council

To support the delivery the community befriending service to people in Harrow isolated by their mental health.

SMI Physical Health Checks – NHS North West London

To promote physical health checks within the Community

Youth Services

HeadsUp Youth Wellbeing Project – City Bridge Trust

Support young people in Harrow to improve their mental health and resilience, and to build their selfesteem, in partnership with other local providers.

HeadsUp - Comic Relief

COVID Response in partnership with the Department for Digital, Culture, Media and Sport, to address critical operational needs during the pandemic through investment in digital & remote-working approaches and enhanced core infrastructure to support services.

HeadsUp Harrow Expansion – Comic Relief

Expand the work of the HeadsUp Project to reduce stigma and provide access to a new range of services and interventions for marginalised children & young people and their parents across Harrow.

HeadsUp CPD workshops – Young Harrow Foundation (CNWL/ Harrow Council)

Funded as part of the Community Assets scheme to work with HeadsUp delivery partners to run a series of workshops for professionals working with children & young people.

Adult Services

A4A Side by Side – NHS North West London / Harrow Council

Information and Advice Service.

Stepping Stones - NHS North West London / Harrow Council

Mainstream educational, leisure, and physical activity courses for users of mental health services.

On Your Side Peer Support – Henry Smith Charity

To deliver peer advocacy support as part of a 3-year project.

Head for Work

Funding received from the Lottery Fund 2017-20 to train service users to become trainers, and a 6 month extension during 2020 to continue the programme during the pandemic.

EKTA activities Fund – Jasper Foundation

Support ongoing activities with the South Asian community.

Designated Funds

Development Fund

Funds set aside to pay for items such as professional advice and equipment including an essential IT infrastructure which will be of benefit to the whole agency.

Office Relocation Fund

Funds set aside to cover the likely costs of a move planned to more suitable permanent offices.

Employment & Pensions Fund

Funds held to cover the additional costs of compliance with Employment Legislation in respect of redundancy and sickness, and as a contingency for potential staff pension fund liabilities

Sustainability Investment Fund

Funds held to invest in the organisation’s sustainability and infrastructure through diversification of income sources and more cost effective operations in accordance with Mind in Harrow’s strategy.

General reserves

General reserves are those funds not restricted or designated as committed to specific contingencies.

30

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

Movements in funds (2022)

Movements in funds (2022)
HeadsUp (City Bridge)
Total restricted funds
Total designated funds
General funds
Total unrestricted funds
Total funds including pension fund
Mind Core IT Development
EKTA
Unrestricted funds:
Designated funds:
Youth Services
HeadsUp Comic Relief
HeadsUp Build back better
HeadsUp CAMHS waiting list
HeadsUp CPD wkshps YHF CNWL
Adult Services
A4A Pandemic Recovery H/L & Info
Restricted funds:
Clinical Services
Hayaan - Mind & Mercia fund
Stepping Stones
On Your Side - HS
MHA Training
Mind CMHRF Coronavirus MH
Head for Work
Befriending
Diya South Asian group
SMI Physical Health Checks Promotion
Projects Fund
Development Fund
Office Relocation Reserve
Employment & Pensions Fund
Sustainability Investment Fund		 At the start
of the year
£
21,450
7,620
41,112
24,358
12,729
14,821
1146
9686
4779
3734
2702		 Income
£
43,310
49,188
5,000
99,800
150,469
14,000
7,940
29,700
3,807
-
5,000		 Expenditure
£
(31,019)
(29,314)
(901)
(106,225)
(145,783)
(8,413)
(17,015)
(15,910)
(4,174)
(6,746)
(357)
(2,292)
(7,702)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 At the end
of the year
£
33,741
27,494
4,099
-
-
34,687
29,044
14,000
4,316
5,746
13,790
779
2,940
4,422
1,442
144,137 408,214 (375,851) - 176,500
48,333
40,000
49,000
140,000
75,000		 -
-		 -
-		 2,806
(12,000)
-		 51,139
40,000
37,000
140,000
75,000
352,333 - - (9,194) 343,139
334,941 1,089,740 (1,093,687) - 340,188
687,274 1,089,740 (1,093,687) (9,194) 683,327
831,411 1,497,954 (1,469,538) (9,194) 859,827

31

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

18 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods


each of the following periods
Over five years
Total Operating Lease commitment
Less than one year
One to five years		 2023
£
19,500
Land and		 2022
£
26,000
19,500
Buildings		 2023
2022
£
£
3,141
4,155
3,141
3,141
7,296
Other
19,500 45,500 3,141 7,296

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

20 Contingent Liabilities

Mind in Harrow participates in The Pensions Trust’s Growth Plan (the Plan). The Plan is funded and is not contracted-out of the State scheme. The Plan is a multi-employer pension plan.

Contributions paid into the Plan up to and including September 2001 were converted to defined amounts of pension payable from Normal Retirement Date. From October 2001 contributions were invested in personal funds which have a capital guarantee and which are converted to pension on retirement, either within the Plan or by the purchase of an annuity.

When an employer withdraws from a multi-employer defined benefit pension scheme which is in deficit, the employer is required by law to pay its share of the deficit, calculated on a statutory basis (known as the buy-out basis).

The Growth Plan is a “last man standing” multi-employer scheme. This means that if a withdrawing employer is unable to pay its debt on withdrawal the liability is shared amongst the remaining employers. The participating employers are therefore, jointly and severally liable for the deficit in the Growth Plan scheme.

Mind in Harrow has been notified by The Pensions Trust of the estimated employer debt on withdrawal from the Plan based on the financial position of the Plan as at 30 September 2021. In a letter dated 25th July 2022, The Pensions Trust stated that ”Mind in Harrow’s estimated debt on withdrawal at 30 September 2022 is £38,399 (2021:£70,000; 2020: £107,430; 2019: £111,675; 2018: £101,225; 2017: £118,292; 2016: £140,696; 2015: £104,082; 2014: £115,283; 2013: £87,620.77; 2012: £105,943.98).

32

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

21. Pension schemes

SCHEME: TPT Retirement Solutions – The Growth Plan

The company participates in the scheme, a 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 scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

Deficit contributions

From 1 April 2022 to 31 January 2025: £3,312,000 per annum (payable monthly)

Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies.

Note that the scheme’s previous valuation was carried out with an effective date of 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of £131.5m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows:

Deficit contributions

From 1 April 2019 to 30 September 2025: £11,243,000 per annum (payable monthly and increasing by 3% each on 1st April)

The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.

Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

PRESENT VALUES OF PROVISION

31
March
2023
(£000s)
3,630
Unwinding of the discount factor (interest expense)
Present value of provision (discounted)
RECONCILIATION OF OPENING AND CLOSING PROVISIONS
Provision at start of period
Deficit contribution paid
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Provision at end of period		 31
March
2022
(£000s)
5,694
Period
31
March
2023
(£000s)
5,694
107
(2,074)
(97)
-
3,630		 31
March
2021
(£000s)
21,005
Period
31
March
2022
(£000s)
21,905
121
(5,316)
(131)
(9,985)
5,694

33

Mind in Harrow

Notes to the financial statements

For the year ended 31 March 2023

  1. Pension schemes continued) INCOME AND EXPENDITURE IMPACT
Costs recognised in income and expenditure account
Interest expense
Remeasurements – impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Contributions paid in respect of future service*		 Period
31
March
2023
(£000s)
107
(97)
-

 Period
31
March
2022
(£000s)
121
(131)
(9,985)

*includes defined contribution schemes and future service contributions (i.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defined contribution schemes. To be completed by the company.

31 March 31 31
2023 March March
2022 2021
% per % per % per
annum annum annum
Rate of discount 5.52 2.35 0.66

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

SCHEME: TPT Retirement Solutions - The Growth Plan

The following schedule details the deficit contributions agreed between the company and the scheme at each year end period:

DEFICIT CONTRIBUTIONS SCHEDULE

DEFICIT CONTRIBUTIONS SCHEDULE
The non-discounted payments will be:
Year ending
Year 1
Year 2
Year 3
Year 4		 31
March
2023
(£000s)
2,074
1,729
-
-
3,803		 31
March
2022
(£000s)
2,074
2,074
1,729
-
5,877		 31
March
2021
(£000s)
5,316
5,475
5,639
4,840
21,270

34

Mind in Harrow

132-134 College Road Harrow Middlesex HA1 1BQ