2025-03-31-accounts

Kettering Association for Mental Health – Kettering Mind

Annual Review and Financial Statements 2024 - 2025

“Nothing can dim the light that shines from within.” Maya Angelou

Registered Charity No. 1069373 Registered Company No. 03530898

Annual report and financial statements for the year ended 31 March 2021 Serving across North Northamptonshire

Kettering Association for Mental Health – Kettering Mind

Our people

These are the people who strategically and operationally steered Kettering Minds work this year – and inspired others not listed here, to keep pushing for better mental health.

Our People

Trustees Mr Christopher Davison - Chair Mr Jonathon Smith – Vice Chair Dr Andrew Stephen - Treasurer Mr Philip Douglas Dr Derek Lee (Resigned 25[th] July 2024) Mrs Barbara Moloney Ms Keli Watts Mr Robert Kew (Resigned 27[th] June 2024) Mrs Lesley Thurland Mr Richard Elliott Mr Martin Moloney

Senior Management Jo Pettitt – Chief Executive Officer (CEO) Kirsty Woods – Financial Manager / Deputy CEO

Company Secretary Mr Philip Douglas (Until 27[th] February 2025)

Company Secretary Kirsty Woods (from 27[th] February 2025)

Registered Office Registered Company number 49 – 51 Russell Street 03530898 Kettering Northamptonshire Registered Charity number NN16 0EN 1069373

Professional Services

Auditor Bankers Azets Audit Services Virgin Money Thorpe House 7 Gold Street 93 Headlands, Kettering Northampton NN1 1EN Northamptonshire NN15 6BL

Solicitors Investment Management Services Wilson Browne Quilter Cheviot Kettering Parkway South One Kingsway Kettering Venture Park, Kettering London, Northamptonshire NN15 6WN WC2B 6AN

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Foreword to Annual Report and Accounts

On behalf of the Board of Trustees, I am pleased to introduce the Annual Report and Accounts for Kettering Mind for 2024/25.

As well as containing our financial statements, you will also find further information of all the activities we undertake across our three main work streams:

• Supported Accommodation;

• Community and Home Support (across North Northamptonshire); and

• Resource Centre

Here you will find details of the depth and breadth of services we provide and the impact we are making on people’s lives and the community we serve.

Partnerships and collaboration - both formal and informal – are important to us including our Crisis Café services run jointly with Northamptonshire Healthcare NHS Foundation Trust (NHFT) together with our Mental Health Navigators (Crisis Pathway) service also run in partnership with NHFT.

We play a full and active role in the Northamptonshire Integrated Care System (ICS). Managers and staff attend meetings of the Local Area Partnerships (LAPs) as well as the Mental Health Northamptonshire Collaboration (MHNC). We are also represented and attend meetings of the North Northants VCSE ICS Engagement Group.

We recognise that changes are being proposed concerning the future arrangements for Integrated Care Boards (ICBs) with a move to a wider ICB 'cluster' model for the East Midlands which will see a reduction from five ICBs to two/three clusters:

• Leicester, Leicestershire and Rutland (LLR) and Northamptonshire;

• Derbyshire and Nottinghamshire; and

• Lincolnshire - now looking to cluster with Derbyshire and Nottinghamshire

Whilst we do not anticipate seeing any changes at a local level in the short to medium term, we do need to recognise the cost pressures and direction of travel with the health and care system at a regional level and the potential impact it could have on NHS commissioning arrangements for mental health services.

We do believe, however, that the move to 'Neighbourhood and Place-based Partnerships' represents an opportunity for us strategically, as will the focus on prevention in the NHS 10-Year Plan announced by the Government earlier this year.

Further details of our achievements during 2024/25 can be found on pages 27 and 28 of our Annual Report and Accounts including the significant progress made with our Digital Strategy and the roll-out of our Customer Relationship Management (CRM) IT System which resulted in all services successfully transitioning by March 2025.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Foreword continued……

One of the ‘Improvement Recommendations’ coming out of the previous Mind Quality Mark Accreditation Visit in 2023 was to develop a realistic plan for selecting and implementing a CRM System, and I am pleased to report that this has now been fully implemented.

As we look back on the previous year, we also look forward to the year ahead.

There are three key priorities we will be focussing on:

1. Pennels Two

As I referred to in my foreword in last year's Annual Report, in February 2024 planning permission was granted for five dedicated flats to be built at 175a Beatrice Road in a project known as ‘Pennels Two’. Throughout 2024/25, a Project Team met regularly to oversee the planning, design and proposed construction of these new facilities.

In February 2025, we were successful in securing a loan from the Charity Bank that enabled us to move forward with the build and am pleased to report that in June 2025, we signed off the Joint Contracts Tribunal (JCT) Contract for the Pennels Two Project with the successful contractor following a comprehensive tender exercise.

Throughout this process, and included within the tender documentation, we made clear that Tender Evaluation Criteria and a Scoring Matrix would be used to support our decision making and any submissions would need to address all criteria comprehensively to enable a full and fair evaluation.

Potential contractors were aware that we were looking at a range of criteria not just cost including:

• Total Tender Price;

• Programme and Timeframes;

• Quality and Experience;

• Social Value and Community Considerations; and

• Financial Stability and Business Standing.

Following a thorough Tender Evaluation Panel exercise, which included one of our Tenants as a Tenant representative, we were pleased to award the contract to Colam Ltd. Work started on site in July 2025 with a planned completion in March 2026.

This important development adds to our housing portfolio and supports our strategic ambition of becoming a Registered Provider of Social Housing. We would like to take this opportunity to thank our Architects, at HY Building Design, for all their help and expertise throughout this process.

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Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Foreword continued……

2. Registered Provider of Social Housing

Kettering Mind has a strategic ambition of becoming a ‘Registered Provider of Social Housing’ and I am pleased to report that, in August 2024, the Regulator of Social Housing approved our preliminary application.

Further focussed work will be undertaken with the regulator during 2025/26 by the Management Team and Trustees on the necessary governance to support the completion of a full application. Our thanks go to our CEO, Finance Manager/Deputy CEO and Chair of our Housing Sub-Committee for all the time and effort they have invested in our registered provider application.

3. Mind Quality Mark (MQM)

In May 2023, we were delighted to be awarded the Mind Quality Mark (MQM) following an accreditation visit earlier in the year. MQM is both a framework of good practice and a quality assurance tool, and covers:

• Leadership and Governance;

• Finance and Policies;

• Services and People; and

• Influence and Engagement.

Within these four areas are standards and indicators which provide the infrastructure for all organisations within the Mind Federation to be well governed, financially sustainable and able to thrive in our local communities.

A further accreditation visit is anticipated in 2026/27 and one of our priorities this year is to prepare for the visit by reviewing our compliance with the existing standards together with the changes made to the MQM Review Process for 2025 – 28. We will complete a Self-Assessment to benchmark ourselves against the standards outlined.

On pages 50 –53 you will find details of our financial performance for 2024/25 including our Statement of Financial Activities, our Balance Sheet and the Statement of Cash Flows. Through positive financial stewardship over many years, the Charity is in a strong position financially.

Like many other charities we needed to manage in our financial forecasting and planning, the impact of the increased employer National Insurance rate from April 2025 together with the increase in the UK National Living Wage also from April 2025 which were both announced by the Government in the Autumn 2024 Budget. Despite these financial pressures, I am pleased to report that we were able to award our staff a pay increase of 2.5% from April 2025 in acknowledgment of their hard work and contribution to the Charity.

We are also planning to utilise a significant amount of our reserves to fund the construction costs of Pennels Two which I referred to earlier in my foreword together

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Foreword continued……

with utilising the loan from the Charity Bank; the final costs of which are projected to be £1.1m.

I would like to take this opportunity of thanking all those people who have either donated or raised funds for us during 2024/25. Kettering Mind is registered with the Fundraising Regulator, and we are fully compliant with the Code of Fundraising Practice. Further details of our Fundraising activities whether that be through, public fundraising, events or our ‘Community Partnership Agreements’ can be found on pages 30/31 of our Annual Report and Accounts. All at Kettering Mind are hugely grateful to all individuals, community groups or organisations who either donate or fundraise to support the work we do.

At Kettering Mind, we recognise that we are a community within a community and take our commitment to climate change and environmental considerations seriously. We have an Environmental Strategy in place and an Action Plan monitored by our Environmental Group. We have also established a staff led Green Champions Group to ensure that wherever possible we ‘recycle, reduce or reuse’. Green issues are discussed actively across all the organisations forums and meetings. The design of our Pennels Two development will also incorporate the latest eco-friendly energy systems and sustainable design solutions. We are pleased to have secured a ‘Green Energy Grant’ to support these developments.

Thank you for taking the time to read through our Annual Report and Accounts. At our heart we are a membership organisation and as reflected in our Governing document and actively include our members, service users and tenants in our service provision. On behalf of the Board of Trustees, I would like to take this opportunity of thanking all members of staff, and to our volunteers, for their continuing provision of

compassionate and professional support to our service users and tenants. I know our hardworking Management Team and dedicated staff continue to strive for improvements in the services we deliver.

Together with my colleague Trustees, we are custodians and stewards of Kettering Mind and would like to thank them for the time, energy and enthusiasm they bring to their roles.

I would also like to thank the Trustees for all they contribute to the life and work of Kettering Mind and to the good governance of the charity.

Chris Davison FIHSCM, DipHSM, CertHMS. Chair, Board of Trustees, Kettering Mind

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Contents

Page
7-42	Trustees Report - Objectives and Activities
	Activities, projects and services
	Achievements and Performance
	Financial Review
	Structure, Governance and Management
43	Statement of Trustees’ Responsibilities
44-49	Independent auditor’s report
50-53	Statement of financial activities
52	Balance Sheet
53	Statement of cash flows
54-76	Notes to the financial statements
77	Acknowledgements

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report)

The Trustees present their report and financial statements for the year ended 31 March 2025

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1[st] January 2019).

Objectives and Activities

Kettering Mind’s objects

To promote the wellbeing and preservation of good mental health and to assist in relieving and rehabilitating persons suffering from mental disorder or conditions of emotional or mental distress requiring advice or treatment.

To provide and manage housing either furnished or unfurnished, including social housing for poor people or for the relief of those in need by reason of age, ill-health, disability or financial hardship, for the benefit of the community. Any other exclusively charitable object that can be carried out from time to time by a charity registered as a provider of social housing with the regulator.

Our Vision:

We won’t give up until everyone experiencing a mental health problem gets both support and respect

Our Mission:

We provide advice and support to empower anyone experiencing a mental health problem.

We campaign to improve services, raise awareness and promote understanding and positive living conditions

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Our Goals

Staying well:

Support people likely to develop mental health problems, to stay well.

Empowering choice:

Empower people who experience a mental health problem to make informed choices about how they live and recover.

Improving services and support:

Ensure people get the right services and support at the right time to help their recovery and enable them to live with their mental health

Enabling social participation:

Open the doors to people with experience of mental health problems participating fully in society.

Removing inequality of opportunity:

Gain equality of treatment for people who experience both mental health and other forms of discrimination.

Organisational excellence:

Make the most of our assets by building a culture of excellence.

Our

Values

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

We are Mind. Open, experienced, unstoppable, together.

We’re here to fight for mental health. For support. For respect. For you.

Purpose and aims

Kettering Mind's purposes and aims are to:-

• Benefit the public by promoting mental health and wellbeing;

• Support people who experience mental health difficulties;

• Promote recovery and enhance the quality of people's lives;

• Promote the right to good safe accommodation;

• Promote the right to timely and appropriate support.

All our charitable services focus on prevention, wellbeing and recovery, and a belief that everyone should have equality of opportunity, to actively participate in society. Personalisation shapes how services are planned, co-produced and delivered.

We work to ensure that:

• Robust policies and procedures are in place, underpinning safe services for all

• Safeguarding is a core priority when we deliver services

• Cyber security and record keeping protects individuals details in line with the General Data Protection Regulation (GDPR)

Public benefit

Trustees have had due regard to the Charity Commission's public benefit guidance, and have taken it into account when making decisions to which the guidance is relevant

Public benefit is addressed throughout the trustees’ annual report

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Activities, Projects and Services

Supported Housing

Everyone deserves a safe, secure and affordable place to call home. Kettering Mind is committed to providing safe, high-quality homes for people with mental health problems. Knowing our tenants is key to having the biggest impact on improving satisfaction levels. During 2024-2025 we delivered:

3 Tenant Newsletters

And facilitated:

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60 House Meetings 4 Tenant Forums
10 Tenant Socials
(Within the houses) (At Kettering Mind)
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Tenant Socials Update

Tenant socials have been well attended throughout the year, with tenants actively involved in planning the activities they’d like to participate in. These events have fostered a strong sense of community and engagement. Activities have included:

• Discos	• Bowling	• Crazy golf
• Snooker	• Picnics	• Meals out
• Trips to Wicksteed Park and Hunstanton

These varied events have provided opportunities for social interaction, recreation, and wellbeing, contributing positively to tenant satisfaction and community spirit.

- The Housing Sub Committee (HSC)

The HSC is a sub-group of Kettering Minds Board of Trustees. It is formed to oversee and guide the management and development of the Charity’s housing stock and to monitor the standards of care provided to the tenants of owned, leased and managed residential properties. Tenant representation was present 5 out of the 6 meetings and at one meeting asked for communication to be improved around work and repair tasks. This has resulted in all tenants now receiving an individual memo with the information in advance of works

The table below shows the number of tenants each project can accommodate if at full capacity.

		No. of tenants	Property owner	Landlords	Support providers
•	Avondale Flats	6	bpha	bpha	KetteringMind
•	Clarkson House	4	KetteringMind	KetteringMind	KetteringMind
•	Highfield Flats	4	NNC	KetteringMind	KetteringMind
•	Warkton House	3	NNC	KetteringMind	KetteringMind
•	Pennels(Rehabilitation)	7	KetteringMind	KetteringMind	KetteringMind

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Pennels - Rehabilitation

Pennels rehabilitation service has been operating for 10 years. It opened officially in May 2015 after undergoing extensive refurbishment. Pennels was is a licenced HMO (House of Multiple Occupancy) and the licence is renewable via NNC application every 5 years, (next renewable January 2029).

Pennels rehabilitation service was set up to help individuals recover from the difficulties of longer-term mental illnesses / mental health problems. Support packages up to 18 months, enable intensive rehabilitation plans, co-produced with the tenants to identify, plan for and regain skills to live as independently as possible. The difficulties with living with a longer-term mental health problem can mean that individuals need support to adjust and recover, while accepting that they may still have serious difficulties which may need continuing help and support, once they feel ready to move on.

Since opening in 2015, we have helped 39 tenants through Pennels rehabilitation During 2024-2025, 8 individuals benefited from living here, and the occupancy rate was 99.2% (2023-2024 87%, 2022–2023 64%, 2021–2022 72%)

Tenant satisfaction

In October 2024 we conducted the annual satisfaction survey based on the Tenant Satisfaction Measures that the Regulator of Social Housing Introduced in April 2023. It covers important areas like repairs, complaints and how well tenants are kept informed about things that matter to them. 88% of questionnaires were completed and returned (2023 – 2024 83%). At the Forum in the same month the results were published and shared. These are a few of the results:

95%

• 95% of respondents agreed with the statement ‘Kettering Mind treats me fairly and with respect’ (2023 – 2024 95%)

90%

• 90% of respondents felt the support is tailored to their needs. (2023 – 2024 95%)

• 86% of respondents were satisfied with the service provided by 86% Kettering Mind? (2023 – 2024 85%)

• 85% of respondents were satisfied that Kettering Mind keeps them 85% informed about things that matter to them (2023 – 2024 85%) • 95% of respondents found the staff friendly and approachable 95% (2023 – 2024 90%)

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Looking after your home

In 2024–2025 across the supported housing projects Clarkson, Highfield, Warkton and Pennels

We replaced:

• 1 tumble dryer

• 1 cooker

• 1 kettle, 1 toaster and 1 vacuum

We refurbished:

• 1 x bathroom and shower (part of cyclical maintenance)

We arranged 3 external repairs for:

• Plumbing / drains

Health & safety compliance and landscaping was undertaken at one project for:

• Fire safety

• Electrical

• Tree and garden boundary maintenance

Tenant safety is our highest priority we have a planned programme of works to maintain homes to a good standard, making sure annual gas safety checks are completed and health and safety checks are carried out. Trustees have assurance through the monthly health and safety reports that these are being completed. During 2024-2025 there was additional fire safety remedial compliance work completed.

Highfield Flats occupancy rate across the year was 100% (Highfield Flats 2023–2024, occupancy rate was 96%, 2022-2023 83%, 2021–2022 76%)

There was 100% occupancy rate at Clarkson house

(Clarkson House 2022–2023, occupancy rate was 100%, 2022-2023 75%, 2021–2022 73%)

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Community and home support

• across North Northamptonshire

Intermediate Support Service

104 individuals were supported to meet specific outcomes, that they had identified would help them towards living their best life. (2023-2024 94 individuals; (2022–2023 88 individuals)

The Intermediate Support Service offers time-limited support, to enable individuals who have mental health needs to meet identified outcomes to improve:

• Health and wellbeing

• Levels of independence

• Resilience through self-help / self-care

• Quality of life

• Positive connections within the community

• Choice and control

• Economic well-being / maintaining employment

• • And other personal outcomes related to preventing deterioration

• and focusing on enablement

It is a high impact, high energy prevention service that focuses on small positive steps, and continuous improvement to reach specific desired outcomes.

We supported individuals to:

• Develop confidence in managing mental health alongside tenancy skills including household tasks; shopping; budgeting and setting up utility services

• Declutter their home, making the environment safe, homely and welcoming

• Re-connect with health services to manage physical health and self-care

• Use public transport to go and see family / friends

• Go into a shop for the first time in years – (agoraphobia)

These are all steps that have had huge positive impact on each individual’s quality of life and hope for the future

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

We delivered…….

• Private Support

• Individual packages of care

4 individuals were supported , 273 support sessions delivered 508 hrs

(2023–2024 4individuals, 323support sessions, 595 hrs)

(2022–2023 4individuals, 260support sessions, 496 hrs)

• Hospital at Home (Crisis pathway) • Breathing Spaces - Orbit

The Hospital at Home service was established in 2019 following on from a successful pilot. It is delivered in partnership with Northamptonshire Healthcare NHS Foundation Trust as an alternative to a mental health hospital admission, where appropriate.

Individuals would have been admitted to hospital if this service had not been in place.

During the year we received fewer referrals than expected due to the NHS referrals being routed through one source, the Urgent Care and Assessment Team, rather than open through the Crisis Pathway.

This service ended as planned in March 2025 and was primarily for Orbit housing tenants who were in need of some mental health support. The role of the workers was to:

• Actively listen to what tenants wanted to do to make positive changes to their wellbeing.

• Help individuals assess whether they were ready to make those changes and support them in planning a pathway identified to achieve their goals.

• Provide information of appropriate support agencies that they may wish to use.

• Motivate and empower individuals to make these changes and maintain them long term.

11 individuals did not require a hospital admission after receiving hospital at home.

35 tenants benefitted from this service

(2023–2024 43 tenants) (2022–2023 42 tenants)

(2023–2024 16 individuals) (2022–2023 18 individuals)

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

• Crisis Cafes (Crisis pathway)

The Crisis café service is delivered in partnership with Northamptonshire Healthcare NHS Foundation Trust and open 3 days a week at Kettering Mind. The aim is to support people to reduce any immediate crisis and to safety plan; drawing on strengths, resilience, and coping mechanisms to manage their mental health and wellbeing. The NHS signpost direct from the 111 service and the police utilise the crisis support.

Supported Delivered Opened 732 individuals 1161 crisis 156 days in crisis interventions (2023–2024 158 days) (2023–2024 894 individuals) (2023–2024 1278 interventions) (2022–2023 156 days) (2022–2023 936 individuals) (2022–2023 1351 interventions)

• Mental Health Navigators (Crisis pathway)

The Mental Health Navigator Service is delivered in partnership with Northamptonshire Healthcare NHS Foundation Trust, and is an established method for reducing pressure on primary care by supporting people to address their unmet non-clinical needs. This service offers a dedicated capacity to assist and empower people to access the right support, to manage a range of needs.

400

During the year, 400 individuals were supported by mental health navigators

Accessible drop-ins have continued to thrive throughout the year and have included Desborough, Rothwell and Burton Latimer Libraries; the job centre, council offices, Grange Resource Centre, Home start, Broughton warm spaces, Green Patch, Geek Retreat, Barton Seagrave village hall. In addition to this also provide ad-hoc drop-ins to maintain open access and contact for ‘warm referrals’ from different local organisations.

The drop-ins allow individuals to access support when needed, with no referral needed or waitlist, and near to where they live. The navigators are supported by the integrated response hub and are able to log on to the hub’s call handling system to access support and advice.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

• Resource Centre ~~Lo~~

Throughout the year we have delivered sessions, courses and groups from the Resource Centre in Russell Street. Building based services continue to evolve and thrive as we facilitate vital mental health wellbeing initiatives. These are some of the things we did:

• AnxietyManagement	• Discos
• Anger Management	• Let’s talk about depression
• Depression management	• Christmas Tree Festival - Decorations
• Mindfulness	• Quizzes
• Understand Yourself Better	• Gardening
• Men’s Group	• Peer support
• Women’sgroup	• Arts & crafts
• Student Mental Health	• The Secret Garden
• Hoarding peer support	• Russell Street allotment
• Cookingskills	• local walks
• Connect and Be Active (pool, snooker,quoits, bowls, darts, armchair exercise)

New editions in the year included:

Monday peer support drop-in

Through the Resource Centre Forums, beneficiaries felt they would like an open drop in where light bites e.g. soup, jacket potatoes and cake etc., would be available alongside advice and support and friendship. This new initiative was launched as a pilot in May 2024, and due to the positive feedback and value has been continued.

Counselling service ~~ae~~

Counselling provides a safe and confidential space for individuals to discuss their thoughts, feelings, and experiences. Following the review improved and relaunch of the counselling service last financial year, we have continued to provide this service, but due to no additional funding as we had received for 6 months in the previous year, this was at a reduced level. Extra sessions and therapeutic groups took place thanks to qualified counsellors volunteering their time to Kettering Mind.

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346
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During the year, 346 individuals were supported through Resource centre services. (2023-2024 383 individuals)

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

• Outreach – Mind ‘on the road’ (connect, campaign and train)

Mind ‘on the road’ has gone from strength to strength over the year, with Trustees continuing to designate reserves to increase the public profile of Kettering Mind and the reach within the local community. This happened through the delivery of a programme of engagement activities, campaigning, training and outreach work.

We have built, and continue to develop strong partnerships with other local organisations, community groups and underrepresented or marginalised communities. This enables us to breakdown stigma and discrimination surrounding mental health by promoting positive attitudes, awareness and understanding.

Mental Health Outreach: A Year of Impact

Over the past year, our mental health outreach service has made a meaningful difference by bringing information, advice, and support directly into local communities. Through drop-ins, presentations, training sessions (covering topics like anxiety, stress, and general mental health), one-to-one conversations, and signposting, we've reached people where they are.

We’ve actively participated in community events and Local Area Partnerships (LAPs), ensuring our presence at the heart of the community. Our support has extended to teachers, parents, students, workers, managers, volunteers, and members of the public - empowering individuals with knowledge and tools to improve mental wellbeing.

During the year we:

Visited 220 places

Presented to 650 people

Spoke to 845 people

Organisations, groups, and businesses we have collaborated with throughout the year included:

Accommodation Concern Bunzl Desborough Town Council All Saints Community Garden Burton Latimer Library DHL + Wincanton Warehouse Anytime Fitness Café Amore Drover's Hall ASDA Cafeness Dunelm Ashley Farm Shop Carey's Amusements Earl of Dalkeith Barton Seagrave Village Hall Central Co-Op, London Road Eden Centre Befred Corn Market Hall Energy Fitness Bewitched Costa European Plus BGBet Counties Community Centre Freedom Leisure Bridge Crescent Community Centre Geek Retreat British Heart Foundation Desborough Leisure Centre Grange Community Hub Bunty's Tea Room Desborough Library Grange Primary School

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

• Outreach continued

Organisations, groups, and businesses we have collaborated with throughout the year included:

Grange Resource Centre Northlands Veterinary Hospital Gravity Odessey Pharmacy Green Patch Parkers Groski Peacock Hall Meadow Primary School Poli Maxi Havelock Infants School Premier Convenience Store Hawthorn Primary School Pure Gym HCC Solutions Pytchley Golf Lodge Holland & Barrett Robinson Way Depot, Council Holy Trinity Church Rockingham Euro Market Home & Garden Rothwell Junior School Home Dzert Rothwell Library Job Centre Rothwell Market House Kala Supermarket Rothwell Town Council KCU Rothwell Truck Stop Kettering Buccleuch Academy Royal Hotel Kettering Council Rushton Primary School Kettering Freemasonry S2S Kettering General Hospital Sainsbury's Kettering Lions Salvation Army Soup Kitchen Kettering Park Hotel & Spa Santander Kettering Town Football Club Simply Gym

Kettering Buccleuch Academy Kettering Council Kettering Freemasonry Kettering General Hospital Kettering Lions Kettering Park Hotel & Spa Kettering Town Football Club Kettering Train Station Kingsley Special Academy Kino Lounge Little Moons Loatlands Primary School Loddington Primary School Merkur Slots Midland Band Social Club Millbrook Infant School Millbrook Junior School Morrisons Distribution Centre Morrisons Newlands Centre Newman's

Spot On St Andrew's Chruch Stoke Albany Notice Board Sunley Court Tesco The Centre at Mawsley The Old Red Lion The Pod The Wheel & Compass The White Horse Toller Church Toller Meeting Rooms TRESHAM VPK Walls & Floors Weetabix Well+ Pharmacy Rothwell Westhill Park Care Home Wilbarston Notice Board Wilbarston Primary School Wilbarston Village Hall Wilbarston Village Store

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

• Community Wellbeing Champions

Kettering Mind, in partnership with MHNC and Northamptonshire Mind, is proud to be delivering the Community Wellbeing Champions project - an innovative, 3-year initiative funded by North Northamptonshire Council (NNC).

Project Purpose

The project aims to recruit, train, and support a network of local volunteers - Community Wellbeing Champions, who will:

• Promote positive mental health and wellbeing within their communities

• Offer prevention and early intervention support to adults experiencing low-level mental health challenges

• Help people to live well by connecting them with local services and resources

By embedding champions within their own communities, the project ensures that support is accessible, relatable, and rooted in local knowledge.

The Role of the Community Wellbeing Champion Lead is to engage with Local Area Partnerships to:

• Understand local priorities and community needs

• Map and connect with mental health and lifestyle services

• • Ensure the project is aligned with existing local provision

By the 31st March 2025 we had:

20 Champions recruited

15 Champions trained

14 : Partners signed up

Northland Vets, S2S, The Pod, Grange Community Hub, Kingsley Primary School, HCC Solutions, Rothwell Library, Rothwell Jr School, Gingerbread, Sleipnir Creations CIC, KCU, Burton Latimer Library, Accommodation Concern, Freedom Leisure

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

• Forums

The Role of Forums at Kettering Mind

At Kettering Mind, our forums are a vital part of our organisation’s culture and operations. They reflect our deep commitment to:

• Placing people at the heart of everything we do – ensuring that individuals with lived experience of mental health challenges, their supporters, and our partners are central to our work and our mission to promote mental wellbeing for all.

• Sharing power and responsibility – fostering collaborative decision-making at a local level, where everyone’s voice matters.

• Actively listening – creating safe, inclusive spaces where people feel heard and valued.

• Using feedback to shape our services – continuously improving what we offer based on what matters most to forum participants, with a clear focus on service development.

• Being transparent and accountable – maintaining openness in our actions and decisions, and taking responsibility for the outcomes.

During 2024-2025 we facilitated:

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2 Resource Centre 4 Tenant 4 Volunteer 2 Staff
Forums Forums Forums Forums
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Resource Centre Forums

During the forums organisational news was shared, and attendees were invited to share what mattered most to them.

In August 2024 we conducted the annual satisfaction survey and the return was 65% (2023-2024 58% return)

These are a few of the results:

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79 %
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• 79% of respondents agreed that coming to Mind helped their wellbeing (2023-2024 80%)

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93 %
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• 93% of respondents found the staff & volunteers friendly and approachable (2023-2024 100%)

86 %

• 86% of respondents rated Kettering Mind overall as excellent (2023-2024 73%)

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

• Forums continued

Resource Centre Forums continued

RESPONDENTS WERE ASKED WHAT THEY LIKED ABOUT COMING TO MIND

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I feel valued
Being with friends
8%
9%
The tea & coffee Knowing I can ask for
9% help
9%
Being creative
7%
Feeling welcome
Learning skills 12%
6%
Involved in planning
Smaller groups
activities
6%
6%
Feeling listened to
Having fun and 10%
laughing It is professional and
9% well run
9%
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Volunteer Forums

Over the past year, our forum meetings have proven to be an invaluable tool in supporting volunteers at Kettering Mind. These sessions have fostered a strong sense of community, provided a platform for open feedback, and facilitated meaningful knowledge sharing. The forums have also served as a space for bespoke training and updates on relevant policies and procedures, ensuring volunteers feel informed and equipped in their roles.

Volunteers have actively used the forum to connect with one another, share experiences, and offer mutual support. Through these discussions, they have:

• Gained confidence in their volunteer roles

• Enhanced their knowledge and skills

• Felt more motivated and engaged

• Experienced a greater sense of value and impact

Feedback from volunteers highlights that the forum has helped them feel more connected, capable, and appreciated - reinforcing their commitment to making a difference.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

• Forums continued

Staff Forums

Throughout the year, we held two staff forums designed to bring our team together, foster transparency, and encourage collaboration. These sessions focused on key areas of organisational progress and staff engagement:

Review of the Year - Reflected on achievements to date and outlined future goals and direction.

Funding Overview - Provided clarity on current funding sources and financial sustainability. Mind Quality Mark - Shared updates on our progress and gathered staff feedback on quality standards.

Service Updates - Service Managers presented updates and insights from their teams.

Leadership Q&A - Offered an open platform for staff to engage directly with the Leadership Team.

Staff Pulse Survey Feedback - Discussed results from the recent survey and explored areas for improvement.

These are a few of the results from the annual Staff Pulse Survey 2024-2025:

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95 %
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• 95% of respondents would recommend Kettering Mind as a good place to work (2023-2024 92%)

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95 %
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• 95% of respondents agreed they have opportunities to improve their skills and knowledge (2023-2024 88%)

86 %

• 86% of respondents felt their opinions and views were valued at work (2023-2024 76%)

• 90 % 90% of respondents felt the organisation takes positive action on health and wellbeing (2023-2024 76%)

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

• Forums continued

Tenant Forums

Throughout the year, Kettering Mind held four tenant forums as part of its commitment to tenant involvement in shaping housing support services. These forums served as a vital platform for:

Sharing organisational updates – Keeping tenants informed about changes, developments, and future plans

Promoting tenants’ rights – Empowering individuals with knowledge and resources to advocate for themselves, and promote inclusion through the governance structures, in particular the housing sub-committee.

Listening to tenant voices – Gathering feedback on what matters most to tenants, ensuring services remain responsive and person-centred.

In addition to regular individual reviews and house meetings, the forums reinforced a culture of openness, collaboration, and continuous improvement.

The tenant forums have been lively and energetic sessions. Topics/discussions covered included

• input in to Kettering Minds Strategic Plan

• what wellness looks like for tenants

• holiday planning

• ‘doing it right’ how to report a repair

• coping strategies – distraction techniques

• being a good neighbour

• Registered Provider application

• Pennels II build

• tenant satisfaction measures

• overview of all of Kettering Minds services

• governance, transparency, influence and scrutiny;

• trustee and staff roles and responsibilities

• awareness of cuckooing, scam calls, texts or scam letters

• awareness of what to do if a stranger calls at the house

• awareness of health & safety and keeping safe at home

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

• Mind Quality Mark (MQM)

The Mind Quality Mark (MQM) is a comprehensive assurance framework used across the Mind federation to ensure that all affiliated organisations are well-run, sustainable, and delivering impactful mental health support.

The Mind Quality Mark framework has four themes:

•	Leadership and governance
•	Finance and policies
•	Services and people
•	Influence and engagement.

Within these themes are standards and indicators which provide the architecture for all in the Mind federation to be well-governed, sustainable, and able to thrive in our local communities.

MQM is designed to:

• Provide reassurance to service users, funders, and staff that Mind organisations operate to high standards.

• Promote continuous improvement, innovation, and excellence.

• Ensure that the voices of people with lived experience of mental health problems are central to service design and delivery

Kettering Mind successfully passed the assurance framework in May 2023, and have quality standards through continuous improvement is embedded through the organisation. Every organisation is reviewed against the standards every three years.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Federation First - is how we work better together.

Our shared responsibilities

• Person centred - Keep people with mental health problems, supporters and partners at the heart of everything we do, promoting good mental health for all.

• Sharing power - Share power and responsibility as a federation and make informed decisions together.

• Influential - Call for better and more accessible mental health services across England, Wales and the Channel Islands through coordinated influencing at a national, regional and local level.

• Raising money - Combine our strengths and expertise to generate and distribute more income together in an equitable manner.

• Values and behaviours - Live our shared values and behaviours every day.

• Innovation - Share interconnected aspirations and programmes of work, designed to create greater impact for the people who need us most

Leadership Residential – Strengthening Connections Across the Federation (June 2024)

During the year, we were pleased to attend the two-day leadership residential at Warwick Conferences. This event provided a valuable opportunity for leaders across the Mind Federation to come together, share experiences, build networks, and take time to reflect.

Being part of the Mind Federation brings strength, unity, and a shared drive to advance our mission and values. The residential reinforced this sense of collective purpose and offered space for meaningful dialogue and collaboration.

The conference programme was both inspiring and thought-provoking, featuring influential speakers and engaging sessions, including:

• Leading through Change and Uncertainty – Dale Carnegie

• Leading in Challenging Times

• Influencing at System Level – exploring why it’s hard, and why it’s essential

These sessions helped equip us with tools and insights to lead effectively in a complex and evolving landscape, and reaffirmed the power of working together to create lasting change.

Stronger Together – Collaboration and Strategic Leadership

At Kettering Mind, we believe that we are stronger together. By working more closely with neighbouring local Minds, we can achieve greater impact and tackle the scale of the UK’s mental health crisis more effectively. We recognise and value the expertise, knowledge, and experience across the federation, and actively seek opportunities to collaborate and learn from one another.

The Mind brand plays a vital role in amplifying our message. With coverage across England and Wales, it ensures that the Federation has the reach and recognition needed to support communities nationwide.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Working Together – Partnership Across Northamptonshire

At Kettering Mind, we know that we are stronger together. Collaborating on shared initiatives and working in partnership ensures that people remain at the heart of everything we do, and reinforces the values we share as part of the Mind Federation.

Together with other local Minds, we provide comprehensive coverage across Northamptonshire for key mental health services, including:

Crisis Pathway – Crisis Cafés, Navigators, and Hospital at Home

Primary Care Interventions – Wellbeing groups / therapeutic interventions

This collective approach allows us to respond more effectively to local needs, reduce gaps in service provision, and ensure that support is available when and where it’s needed most.

Leicester, Leicestershire & Rutland Mind (LLR)

As part of our commitment to regional collaboration, the Chair of Kettering Mind has been representing the organisation as a corporate trustee for LLR Mind, working alongside neighbouring Minds to support governance and strategic development. This journey culminated in the official launch of the LLR Mind strategy in May 2024, marking a significant milestone in our shared commitment to improving mental health services across the region.

There are around 100 local Minds across England and Wales affiliated to National Mind. Each local Mind is unique. Rooted in their communities, they understand local needs and tailor their services accordingly; ‘local impact, shared values’

Kettering Mind not only delivers vital mental health services, but also:

Helps shape local mental health provision through active involvement in planning and strategy.

Campaigns on local issues while contributing to national movements for mental health awareness and reform.

Challenges stigma and works to change attitudes toward mental health in the local area.

Being part of the Mind network is about more than just using a logo or visual identity. It’s about a shared commitment to a set of core beliefs and values that guide everything we do, from service delivery to advocacy and community engagement.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Achievements and Performance Outcomes to date

Achievements against objectives set

1. Development of 5 Flats

Following the granting of planning permission in February 2024, the Charity initiated the process of securing funding for the development of five new flats. A

comprehensive loan application was submitted to the Charity Bank, which required updates to the business plan, financial projections, cash flow statements, and stress testing.

The loan agreement was successfully signed in February 2025, enabling the Charity to move forward with the build. The project was then put out to tender, and an evaluation panel - comprising staff, tenants, and trustees - was convened to assess applications. After a thorough review, a contractor was appointed in June 2025 (post year-end).

Demolition of the existing garage site and construction of the new flats commenced in July 2025.

2. Registered Provider Full application

In August 2024, the Regulator of Social Housing approved our preliminary application, initiating a 26-week window to submit the full application. During this period, the working group met regularly and compiled over 100 pieces of supporting evidence. The full application was successfully submitted on 31st January 2025.

Following the year-end, the Regulator commenced the detailed initial assessment of our application. We remain actively engaged in this process, with ongoing dialogue and collaboration to support the review.

3. Kettering Mind outreach service

The outreach service has been one of the core charitable activities that has been impactful in breaking down stigma and discrimination, and reaching more people who wouldn’t ordinarily access mental health support or services. Last year we visited 220 organisations, presented to 650 people and had over 850 conversations by once again taking Mind’s information, support and campaigns ‘on the road’.

Being an active participant in the Local Area Partnerships (LAP’s), ensures that the outreach we offer can be directed to the areas in greatest need. Ultimately helping deliver outcomes from the Northamptonshire Integrated Care Partnership Strategy and Local Joint Health and Wellbeing Strategy.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Outcomes to date continued

4. Digital Strategy

This has been a transformational year for the charity as we migrated to a Customer Relationship Management (CRM) IT system. It was rolled out slowly and methodically through the year, and by March 2025, all services had successfully transitioned. The hard work of implementing the CRM is over, and this year 2025 – 2026 will be maximising its reporting capabilities to support the Charities impact and help demonstrate public benefit.

The Digital Development group met regularly to assess and review the digital needs of the charity, and digital practices. The Cyber Essential certificate of assurance was renewed along with Kettering Mind publishing its NHS Data Security and Protection assessment. This toolkit allows us to measure our performance against the National Data Guardian’s 10 data security standards.

Contribution made by volunteers

Volunteers bring immeasurable value to our Charity—not only through their skills, motivation, and dedication, but also through the warmth and welcome they extend to others. Most importantly, they offer the gift of time: time to simply be with people.

Over the past year, this presence has been felt most strongly through support and social groups, community champion roles, and bespoke volunteer positions that harness individual talents. Whether facilitating group activities, offering a listening

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Training / awareness sessions

The mandatory training for safeguarding, and mental capacity was achieved through staff accessing Social Care Institute for Excellence (SCIE)

Other training throughout the year included:

• Open Learn Effective Communication in the workplace

• Four Million Homes training Module accredited by Chartered Institute of Housing:

• Social Housing Legal Requirements

• Social Housing Regulatory Requirements

• Understanding Landlord Financial Models

• The Oliver McGowan Training - Learning Disability and Autism

• Effective communication in the workplace

• Sexual Harassment in the Workplace

• An Introduction to Death, Dying and Grief

• Train4academy E-Learning Course - Communication

• Working Therapeutically with the Menopause

• Level 2 Food Hygiene and Safety for Catering

• Display Screen Equipment (DSE) Assessor

• Spectrum Fire Marshall Training - 2025-2027

• IOSH Safety for Executives and Directors

• Emotionally Unstable Personality Disorder

• NHS E-Learning: The role of the Caldicott Guardian

• Disorder De-coded 2 Day Personality Disorder Training

• Trauma Informed Training

• NNC Aquarius Training:

  • Dependency

  • Brief Interventions

  • Drug and Alcohol Awareness

• Mental Health in society

• Minute taking

• Understanding Hoarding

• Mental Health First Aider

• Understanding Autism

Training and development is an integral value of Kettering Mind, ensuring we maintain high standards and a skilled workforce. This enables us to provide a personalised professional service with care and support. During the Year:

• 1 Manager started the Chartered Institute of Housing (CIH) Level 4 Certificate in Housing

• 1 staff member enrolled on the first year of Association of Accounting Technicians (AAT) Certificate programme

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Social Media Platforms

Social media is another way for us to raise awareness and engage with individuals, who can then share the posts across their personal networks.

~~——~~ Facebook: ~~—E~~ Instagram: ~~—E——~~ X/Twitter we stopped using in Total posts = 271 Total posts = 265 December 2024, but we had already: Total reach = 130,667 Total reach = 11,358 Total posts = 222 Total engagements = 9521 Total engagements = 988 Total reach = 11,571 Total engagements = 559

These are some examples of the social media posts throughout the year…

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42 AUGUST
YOUTHS f wy
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Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

And some of the community outreach places and events we were involved in ….

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

And some of Kettering Mind supporters throughout the year….

Please see acknowledgments page (at rear) for list of the Kettering Mind supporters throughout the year

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Fundraising Approach

The need for our work continues to increase, even more so in the current context. This year, our approach to fundraising included:

Public fundraising

• Raising funds from members of the public and supporters who make one-off or regular donations.

• Working with people who make donations by participating in events such as climbing Snowdon and other sponsored activities,

• Working with people who choose to donate, or enlist others to support Mind, in memory of a loved one who has died.

Community Partnership fundraising

The Community partnership with Kettering Mind is more than just a way to fundraise, it is a commitment and desire to:

• Support good mental health and wellbeing in the workplace and in the local community

• Identify the type of local impact we can make together

• Work collaboratively with Kettering Mind to engage in a plan of action, which will work towards good social outcomes that deliver value to both parties

The outreach worker generated interest with organisations wanting to sign up as partners. During the year we had 11 active Community Partners: Hall Meadow Primary School; DHL; Walls & Floors; Northlands Veterinary Group; Substance 2 Solution; Little Moons; Grange Community Hub; Toller Church; Freedom Leisure; Westhill Park Care Home and VPK (2023-2024 4 active partnerships)

We were proud to be involved in 54 community Partnership events which covered mental health, stress at work and attending staff away days and open day events.

Fundraising and Events

Throughout the year we had many supporters making donations and arranging various events through Kettering Mind’s Just Giving page which included individuals, groups and companies running their own events and collecting donations online.

Fundraising events included Kettering Mind half marathon, Climbing Snowdon, Harniss Building Services Solutions ‘Miles for Mind’ Travelling the globe by getting the steps in! Sponsored cake bake and yoga.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Fundraising standards

Kettering Mind is registered with the Fundraising Regulator and we abide by the Code of Fundraising Practice. Fundraising activities comply with all relevant legislation and the Fundraising Regulator’s Fundraising Promise.

Kettering Mind will:

• commit to high standards

• be clear, honest and open

• be respectful

• be fair and reasonable

• be accountable and responsible

Fundraising operational policies are in place for handling charity money and we encourage individuals and companies to donate via Kettering Mind’s Just Giving page or by direct bank transfer, mitigating risk associated with handling cash.

We are satisfied that we meet all current standards and that our operational policies will protect vulnerable people and other members of the public from unreasonable intrusion, persistent approaches and undue pressure.

Our Public Relations and fundraising group (PR Group) oversee these fundraising approaches and standards to make sure we offer a high quality service to donors and supporters, and they are monitored by the Trustees.

In both the current and previous years, we received no complaints about our fundraising.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Financial Review

Review of financial position

Review of financial position (continued)

Total income for the year increased by £244,354 to £1,378,486

Income from donations and legacies increased by £16,891, and income from charitable activities increased by £148,208 to £1,180,193

Other trading activities income increased by £32 during the period to £4,584.

The income from the listed investment portfolio increased from £56,847 to £73,048.

Other income increased by £63,022 to £63,261. Further details are set out in the notes to the accounts.

Total resources expended increased by £48,045 to £1,131,244

Trading costs increased by £354 to £3,340.

Geopolitical risks for 2024-2025 included ongoing conflicts like in Ukraine and the Middle East, increased political polarization and instability in various countries. These risks translated into market volatility, supply disruptions and higher inflationary pressures.

The 2024-2025 economic climate was characterized by resilient but slowing global growth, with advanced economies showing slight improvement and emerging markets experiencing a modest slowdown.

An unrealised gain of £27,247 (2024: unrealised gain of £213,274) and gain on the sale of investments of £5,183 (2024: loss of £3,323) have been recognised in the financial statements.

Total funds increased to £3,492,527 at 31 March 2024 (2024: £3,212,855).

The cost of charitable activities was £1,111,145 (2024: £1,054,676). Further details of resources expended are set out in the notes to the accounts.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued) Financial Review (continued)

Reserves Policy

Total funds at 31 March 2025 were £3,492,527 including restricted funds of £61,158 and unrestricted designated funds of £786,004, further details of which are included in the notes to the financial statements.

The charity's policy is to maintain general reserves to give financial stability to the charity and to its activities.

After allowing for funds of £679,258 represented by tangible assets, free reserves in unrestricted funds at 31 March 2025 were £2,752,111.

In previous periods, unrestricted funds were earmarked for long-term investment, and classified as fixed assets accordingly. The value of these investments, and subsequent additions, is now £1,828,268 and their purpose, in the current climate of local authority cut backs and budgetary pressures, is to provide long-term protection against a decline or interruption of future income.

The charity is operating in an environment of financial uncertainty, characterised by mental health policy changes, more competitive tendering, changes in the tendering process and the award of shorter term contracts.

Reserves Policy (continued)

Free reserves excluding the amount invested, and excluding those designated funds of £49,681 not relating to fixed assets, totalled £874,162 (2024: £743,746).

Trustees have developed a policy whereby free reserves, which are those funds not invested in tangible assets, long-term investments and restricted funds, should be approximately two years of the expenditure on core activities, which equates to approximately £650,000 - £700,000 in general funds.

At this level, it is considered that the reserves would be adequate to enable the Trustees to manage the effect of a shortterm withdrawal of funding, giving time to look at alternative sources of funding and review activities.

Free reserves are above target level at 31st March 2025.

As the Charity is building 5 properties, free reserves outside the reserves policy will be made available for furthering the aims of the charity to develop supported accommodation for individuals with enduring mental illnesses.

This new build upon completion will be capitalised as a fixed asset. (Currently classified as an Asset under construction).

The investment of general reserves is planned as a safeguard to ensure continuity in the provision of the charity's core services.

These services are considered by many beneficiaries to be an integral part of their day to day lives and to have to withdraw or cut back services with little or no notice could cause real hardship.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued) Financial Review (continued)

Principal funding source

During the year the principal funding source of the charity continued to be by way of grant and contract income from NHS Northamptonshire Integrated Care Board and NNC Adult Social Care

Investment policy

Investment policy (continued)

The main objective for reserves held for the shorter term is to preserve capital value with a minimum level of risk and to ensure availability for unexpected funding requirements. These funds are held in the low risk environment of bank and building society accounts.

The memorandum allows the investment of monies of the charity not immediately required for its purposes in or upon such investments, securities or property as may be thought fit, subject nevertheless to such conditions and such consents as may be imposed or required by law. Investments will follow National Mind investment guidelines, avoiding investment in companies manufacturing pharmaceuticals.

Also the Trustees will ensure that social, environmental and ethical concerns are considered.

The overall goal of the charity's investment policy is to reduce reliance on external funding and to provide a means of financing special projects to further the charitable activities of Kettering Mind in future.

Therefore the main investment objective for the long- term reserves is capital growth with the aim of ensuring that they are not eroded by inflation.

The market value of the portfolio at 31[st] March 2025 was £1,828,268 (2024: £1,779,003).

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Financial Review (continued)

Risk Management

Kettering Mind reviews risks on an ongoing basis through our Board of Trustees, Subcommittees and the Management team. These groups manage ongoing risks and identify new risks. We consider the impact and likelihood of every risk and give particular attention to the management and mitigation of the most severe risks.

Our risk management processes and the organisational risk register are audited by two trustees. Internal control measures are reviewed, documented and reported to the wider board of trustees. The risk register is continuously reviewed and, where appropriate, revised to capture the tolerance of the risk appetite and to indicate whether risks are accepted, mitigated, or eliminated.

Risks are divided into key areas covering: Workforce, contracts, health & safety, information governance, financial, assurance, board of trustees, communication and housing.

By managing risk effectively, trustees can ensure that significant risks are identified and monitored, enabling informed decisions and appropriate action.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

• 175a Beatrice Road

Following the end of the financial year, the charity has formally committed to a major new project: the construction of five purpose-built flats on the garage site at Beatrice Road. This initiative marks a significant milestone in our mission to enhance supported accommodation for individuals experiencing mental health problems in the Kettering area.

After a successful tender process, Colonial Construction has been appointed to lead the build. A total of £1.1 million has been designated for the project, reflecting the charity’s dedication to creating high-quality, sustainable housing solutions.

The target completion date is March 2026, and we are thrilled about the positive impact this development will have on the local community. These are exciting times for the charity and for the future of mental health support in Kettering

• Registered Housing Provider

Following the year-end, the Regulator initiated a detailed initial assessment of our full application. We continue to actively support this process through ongoing dialogue and collaboration to facilitate the review.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Plans for future periods continued….

• Mind Quality Mark (MQM)

Over the coming year, the Charity will adopt the newly released MQM standards (2025– 2028) from National Mind as a framework to guide the development and improvement of key working groups. These groups will focus on enhancing leadership and governance, strengthening financial management and policy frameworks, improving services and workforce support, and deepening influence and engagement efforts

Structure, Governance and Management

Organisational structure

The directors of the company form the Board of Trustees who meet on a monthly basis.

The day to day running of the organisation is delegated to the CEO who is assisted by a management team, administration staff, the resource centre team and the community team.

The company is responsible for the preparation of its own budgets to form the basis of funding applications to statutory bodies for the primary grants to provide services set out in the contracts.

The company can undertake other grantaided services in its own area by application for other funding and can also launch appeals.

Governing document

The charity is a company limited by guarantee (as defined by the Companies Act 2006), not having a share capital. It was incorporated on 19th March 1998 as part of the process of devolution from the North Northamptonshire Association for Mental Health. The company is also a registered charity.

The governing document of the charitable company is the Memorandum and Articles of Association adopted on 8th October 2014, updated on 22[nd] November 2023.

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of a winding up. The total number of such guarantees at 31st March 2025 was 48 (2024: 48).

Trustees

The Trustees are the directors for the purpose of company law and trustees for the purpose of charity law. Trustees who served during the year and up to the date of signature of the financial statements are listed on page 1.

Indemnity provisions for trustees

Throughout the year third party indemnity insurance was in place to protect the trustees from claims arising from negligent acts, errors or omissions occurring whilst on charitable company business.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Structure, Governance and Management (continued)

Trustee Recruitment and appointment

The number of members of the Committee shall not be less than four nor more than twelve. At the company Annual General Meeting, one third of the Board of Trustees or the nearest whole number to one third, shall retire from office and shall be eligible for re-election.

The Trustees may, from time to time, and at any time, appoint any member of the Association as a member of the Committee. Any Committee member so appointed shall hold office only until the next following Annual General Meeting and shall then be eligible for reelection, but shall not be taken into account in determining the Committee members who are to retire by rotation at the Annual General Meeting.

Individuals with lived experience of mental health problems are encouraged to become trustees and any required support is provided to enable full participation.

Induction and training

Most trustees are already familiar with the practical work of the charity and get involved with special events throughout the year, and directly support members through activities.

During the year the trustee induction was updated, refreshed and rebranded. Along-side this Trustees have the opportunity to attend training relevant to their duties and also to take part in the in-house bespoke training.

The trustee induction covers:

About Kettering Mind Our strategy – Kettering Mind Our values; Our story Governing document Kettering, Wellingborough, East Northants Most recent annual report and accounts Northampton, Corby, Towcester, Daventry Meet the trustees Charity Commission Useful governance resources Charity Governance Code Law, mission, policies Managing contracts Protecting the organisation’s reputation Trustee role description and expectations In the boardroom (virtual or physical) Person specification Mind Federation, network and affiliation Trustee code of conduct OpenHub & The Mind Quality Mark Conflicts & declarations of interest Disclosure in accounts Data Protection Sub-committee terms of reference Lived experience influence and participation Mental health information and support Trustee expenses policy

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Structure, Governance and Management (continued)

Key management remuneration

All trustees give of their time freely and no trustee received remuneration in the year. Details of trustees' expenses and related party transactions are disclosed in note 12 to the financial statements.

The senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the organisation on a day to day basis.

The pay of the senior staff is reviewed annually and benchmarked against other similar charitable organisations.

Related Parties

Any connection between a trustee or senior manager of the charity with a supplier of goods or services to the charity must be disclosed to the full Trustee board in the same way as any other contractual relationship with a related party.

In the current year no such related party transactions were reported.

Auditor

In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the company, will be put at a General Meeting.

Disclosure of information to auditor

Each of the Board of Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

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Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Trustees’ Report (including Directors’ Report) (continued)

Structure, Governance and Management (continued)

Equity, Diversity, Inclusion and Equality

At Kettering Mind, we are committed to recruiting and nurturing talent from all backgrounds, fostering a vibrant, fair, and inclusive environment where everyone has the opportunity to thrive - regardless of their identity or life experience.

Inclusion is one of our greatest strengths. We strive to ensure that every individual feels welcomed, connected, and empowered to be themselves. This is reflected not only in our organisational culture, but also in our annual questionnaire results and the way we operate day to day.

Our outreach efforts, particularly in building trust and rapport with individuals from diverse and locally rooted communities, have deepened our commitment to being a proactive force in creating a more inclusive and accessible society for all.

The trustees’ report was approved by the board of trustees on: 23[rd] October 2025

Mr Chris Davison

Trustee

Dated: 23[rd] October 2025

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Statement of trustees’ responsibilities

The Board of Trustees, who are also the directors of Kettering Association for Mental Health for the purpose 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 Board of 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 the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Board of Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP 2019 (FRS 102);

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any

• • material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to

• • presume that the charity will continue in operation.

The Board of Trustees are responsible for keeping adequate 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.

In so far as the trustees are aware:

• there is no relevant audit information of which the charitable company’s auditor is unaware; and

• the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Independent Auditor’s Report

To the members of Kettering Association for Mental Health

Opinion

We have audited the financial statements of Kettering Association for Mental Health (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and 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.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Independent Auditor’s Report (continued)

To the members of Kettering Association for Mental Health

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 Board of Trustees with respect to going concern are described in the relevant sections of this report

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Board of 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.

Opinions on other matters prescribed by the Companies Act 2006

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

• the information given in the trustees' report for the financial year for which the financial

• • statements are prepared, which includes the directors' report prepared for the purposes of company law is consistent with the financial statements; and

• [the directors' report included within the trustees' report has been prepared in accordance ] with applicable legal requirements.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Independent Auditor’s Report (continued)

To the members of Kettering Association for Mental Health

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 directors' report included within the trustees' 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:

• [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 Board of 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.

Responsibilities of the Board of Trustees

As explained more fully in the statement of trustees' responsibilities, the Board of Trustees, who are also the directors of the charity for the purpose 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 Board of 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 Board of Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Independent Auditor’s Report (continued)

To the members of Kettering Association for Mental Health

Auditor’s 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 auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Independent Auditor’s Report (continued)

To the members of Kettering Association for Mental Health

Extent to which the audit was considered capable of detecting irregularities, including fraud (continued)

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

• [Enquiry of management and those charged with governance around actual and potential ] litigation and claims as well as actual, suspected and alleged fraud;

• Reviewing minutes of meetings of those charged with governance;

• Assessing the extent of compliance with the laws and regulations considered to have a

• • direct material effect on the financial statements or the operations of the entity through enquiry and inspection;

• [Reviewing financial statement disclosures and testing to supporting documentation to ] assess compliance with applicable laws and regulations;

• Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating

• • the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

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. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Independent Auditor’s Report (continued)

To the members of Kettering Association for Mental Health

Use of this 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 the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Paul Tyler (Senior Statutory Auditor) For and on behalf of Azets Audit Services

Date: 18[th] November 2025

Chartered Accountants Statutory Auditor

Thorpe House 93 Headlands Kettering Northamptonshire NN15 6BL

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Statement of financial activities

(Including income and expenditure account)

Current financial year		Unrestricted			Restricted
		funds			funds			Total			Total
		2025			2025			2025			2024
Notes		£			£			£			£
Income and endowments from:
Donations and legacies 3		53,161			4,239			57,400			40,509
Charitable activities 4		1,110,144			70,049			1,180,193			1,031,985
Other trading activities 5		4,584			-			4,584			4,552
Investments 6		73,048			-			73,048			56,847
Other income 7		-			63,261			63,261			239
Total income		1,240,937			137,549			1,378,486			1,134,132
Expenditure on:
Raisingfunds 8		20,099			-			20,099			15,085
Charitable activities 9		1,039,696			71,449			1,111,145			1,054,676
Other expenditure 14		-			-			-			13,438
Total resources expended		1,059,795			71,449			1,131,244			1,083,199
Net gains/(losses) on investments 15		32,430			-			32,430			209,951
Net (outgoing)/incoming resources before transfers		213,572			66,100			279,672			260,884
Gross transfers between funds		6,320			(6,320)			-			-
Net movement in funds		219,892			59,780			279,672			260,884
Fund balances at 1 April 2024		3,211,477			1,378			3,212,855			2,951,971
Fund balances at 31 March 2025		3,431,369			61,158			3,492,527			3,212,855

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Statement of financial activities

(Including income and expenditure account)

Prior financial year	Unrestricted			Restricted
	funds			funds				Total
	2024			2024				2024
Notes	£			£				£
Income and endowments from:
Donations and legacies 3	39,999			510				40,509
Charitable activities 4	963,396			68,589				1,031,985
Other trading activities 5	4,552			-				4,552
Investments 6	56,847			-				56,847
Other income 7	239			-				239
Total income	1,065,033			69,099				1,134,132
Expenditure on:
Raisingfunds 8	15,085			-				15,085
Charitable activities 9	984,876			69,800				1,054,676
Other expenditure 14	13,438			-				13,438
Total resources expended	1,013,399			69,800				1,083,199
Net gains/(losses) on investments 15	209,951			-				209,951
Net (outgoing)/incoming resources before transfers	261,585			(701)				260,884
Gross transfers between funds	(1,015)			1,015				-
Net movement in funds	260,570			314				260,884
Fund balances at 1 April 2023	2,950,907			1,064				2,951,971
Fund balances at 31 March 2024	3,211,477			1,378				3,212,855

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Balance sheet

		2025			2025			2024			2024
Notes		£			£			£			£
Fixed assets
Tangible assets 17					679,258						638,729
Investments 18					1,828,268						1,779,003
					2,507,526						2,417,732
Current assets
Debtors 19		81,691						66,058
Cash at bank and in hand		949,088						755,054
		1,030,779						821,112
Creditors: amounts falling due within one year 20		(45,778)						(25,989)
Net current assets					985,001						795,123
Total Assets less current liabilities					3,492,527						3,212,855
Income funds
Restricted funds 21					61,158						1,378
Unrestricted Funds:
Designated funds 22		786,004						767,510
General unrestricted funds		2,645,365						2,443,967
					3,431,369						3,211,477
Total funds					3,492,527						3,212,855

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by the Board of Trustees on:

Dr A Stephen Date: 23[rd] October 2025 Trustee

rd Mr C Davison Date: 23 October 2025 Trustee

Company Registration No. 03530898

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Statement of cash flows

	2025		2025		2024	2024
Notes	£		£		£	£
Cash flows from operating activities
Cash (absorbed by)/generated from operations 27			202,517			(13,203)
Investing activities
Purchase of tangible fixed assets	(64,696)				(4,457)
Purchase of investments	(141,482)				(85,742)
Proceeds on disposal of investments	124,647				66,747
Interest and dividends received	73,048				56,847
Net cash generated from/(used in) investing activities			(8,483)			33,395
Net cash used in financingactivities			-			-
Net increase/(decrease) in cash and cash equivalents			194,034			20,192
Cash and cash equivalents at beginning of year			755,054			734,862
Cash and cash equivalents at end of year			949,088			755,054

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements

1. Accounting policies

Charity information

Kettering Association for Mental Health is a private company limited by guarantee incorporated in England and Wales.

The registered office is 49 - 51 Russell Street, Kettering, Northamptonshire, NN16 0EN, United Kingdom

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The company's accounts present information about it as an individual undertaking.

At the time of approving the financial statements, the Board of Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Board of Trustees in furtherance of their charitable objectives

Designated funds are unrestricted funds of the charity which the Board of Trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

1. Accounting policies - continued

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations and gifts are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Grants which represent contributions to projects not yet started at the balance sheet date are treated as deferred income. Contributions received from

beneficiaries are taken as income upon receipt.

Detailed records of associated expenses and any unspent cash balances are maintained. Income recognised from the sale of services under contract is classified as unrestricted funds when the contract does not require the return of any unspent income.

Investment income is included when receivable and the amount can be measured reliably by the charity.

1.5 Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities.

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

Allocation of governance and other support costs

Support costs have been differentiated between governance and support costs and other support costs, Governance costs comprise all costs involving the public accountability of the charity and its

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

1. Accounting policies - continued

1.5 Resources expended (cont.)

compliance with regulation and good practice. These costs include costs related to audit together with an apportionment of staff, overhead and support costs relating to Trustee meetings. The allocation of support and governance costs is analysed in the notes to the accounts.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The cost of minor additions or those costing below £250 are not capitalised. The charity has legal ownership of the properties it occupies but were previously held by the North Northamptonshire Association for Mental Health. These were as follows:

49 - 51 Russell Street, Kettering 98 Kingsley Avenue, Kettering

The properties have been included in the accounts at the net book values attributed to them in the accounts for the Kettering Branch of the North Northamptonshire Association. These were derived principally from directors' valuations at 31 March 1996.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings

2% of acquisition value per annum

Equipment, furniture and fittings 20% of cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Depreciation is not provided on assets in the course of construction / not in use until they are brought into use by the charity.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date.

Changes in fair value are recognised in net income/ (expenditure) for the year. Transaction costs are expensed as incurred.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

1. Accounting policies - continued

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.10 Financial Instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10 Financial Instruments (cont.)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

1. Accounting policies - continued

1.10 Financial Instruments (cont.) 1.12 Retirement benefits

Basic financial liabilities (cont.)

Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13 Government Grants

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2. Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Board of Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

3. Donations and legacies

		Unrestricted funds	Unrestricted funds		Restricted	Restricted					Unrestricted	Unrestricted		Restricted	Restricted
					funds			Total			funds			funds			Total
		2025			2025			2025			2024			2024			2024
		£			£			£			£			£			£
Donations and gifts		53,161			-			53,161			25,272			510			25,782
Legacies receivable		-			-			-			14,727			- 14,727
Local Authority Community Grant		-			4,239			4,239
		53,161			4,239			57,400			39,999			510			40,509

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

4. Charitable activities

	Community, home & Other Support	Community, home & Other Support		Supported Accommodation	Supported Accommodation		Resource Centre Activities	Resource Centre Activities		Total	Total		Community, home & Other Support	Community, home & Other Support		Supported Accommodation	Supported Accommodation		Resource Centre Activities	Resource Centre Activities	Total	Total	Total
	2025			2025			2025			2025			2024			2024			2024			2024
	£			£			£			£			£			£			£			£
Services provided under contract	282,085			474,896			215,426			972,407			274,860			406,814			221,603		903,277
Contributions from beneficiaries	-			207,464			322			207,786			-			128,437			271		128,708
	282,085			682,360			215,748			1,180,193			274,860			535,251			221,874			1,031,985
Analysis by fund
Unrestricted funds	282,085			682,360			145,699			1,110,144			274,860			535,251			153,285			963,396
Restricted funds	-			-			70,049			70,049			-			-			68,589		68,589
	282,085			682,360			215,748			1,180,193			274,860			535,251			221,874			1,031,985

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

5. Other trading activities

5. Other trading activities
	Unrestricted Funds		Unrestricted Funds
	2025		2024
	£		£
Fundraising	1,064		772
Lettingand licensingarrangements	3,520		3,780
Other trading activities	4,584		4,552

6. Investments

	Unrestricted Funds	Unrestricted Funds	Unrestricted Funds	Unrestricted Funds
	2025		2024
	£		£
Income from listed investments	33,594		29,923
Interest receivable	39,454		26,924
	73,048		56,847

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

7. Other income

7. Other income
							Restricted funds			Unrestricted funds			Restricted
													funds			Total
							2025			2024			2024			2024
							£			£			£			£
Other income							63,261			239			-			239

Restricted Funds

Other income of £63,261 (2024: £239) relates to Energy Assessment Grants awarded in the year for Green measure costs associated with the Pennels II project

8. Raising funds

		Unrestricted Funds		Unrestricted Funds
		2025		2024
		£		£
	Trading costs
	Cost of goods sold and other costs	3,340		2,986
	Investment management	16,759		12,099
		20,099		15,085

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

9. Charitable activities

	Community, home & Other Support	Community, home & Other Support		Supported Accommodation	Supported Accommodation		Resource Centre Activities	Resource Centre Activities		Total	Total		Community, home & Other Support	Community, home & Other Support		Supported Accommodation	Supported Accommodation		Resource Centre Activities	Resource Centre Activities		Total
	2025			2025			2025			2025			2024			2024			2024			2024
	£			£			£			£			£			£			£			£
Staff costs	187,210			287,014			196,584			670,808			165,222			270,449			170,940			606,611
Depreciation and impairment	-			12,375			11,791			24,166			-			12,463			12,384			24,847
Other direct costs	11,991			101,638			59,108			172,737			8,576			99,580			63,691			171,847
	199,201			401,027			267,483			867,711			173,798			382,492			247,015			803,305
Share of support costs*	40,971			63,099			66,868			170,938			41,952			68,979			69,675			180,606
Share of governance costs*	14,894			31,497			26,105			72,496			17,832			31,726			21,207			70,765
	255,066			495,623			360,456			1,111,145			233,582			483,197			337,897			1,054,676
Analysis by fund
Unrestricted funds	255,066			495,623			289,007			1,039,696			233,582			483,197			268,097			984,876
Restricted funds	-			-			71,449			71,449									69,800			69,800
	255,066			495,623			360,456			1,111,145			233,582			483,197			337,897			1,054,676
*see note 10

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

10. Support costs

	Support costs	Support costs		Governance costs	Governance costs					Support costs	Support costs		Governance costs	Governance costs
	2025			2025			2025			2024			2024			2024				Basis of
	£			£			£			£			£			£				allocation
Staff costs	145,504			48,501			194,005			152,334			50,778			203,112				Staff time
Payroll costs	4,446			-			4,446			5,364			-			5,364			Usage
Travel and other expenses	6,507			-			6,507			11,248			-			11,248				Usage
Light and heat	2,680			-			2,680			1,600			-			1,600			Usage
Telephone	1,227			-			1,227			989			-			989				Usage
Rent and rates	879			-			879			615			-			615			Usage
Repairs	5,000			-			5,000			4,748			-			4,748				Usage
Sundries	51			-			51			77			-			77			Usage
Cleaning	2,891			-			2,891			2,099			-			2,099				Usage
Stationery and postage	1,753			-			1,753			1,532			-			1,532			Usage
Audit fees	-			13,320			13,320			-			12,600			12,600			Governance
Accountancy	-			7,440			7,440			-			5,500			5,500				Governance
Sundries	-			3,235			3,235			-			1,887			1,887			Governance
	170,938			72,496			243,434			180,606			70,765			251,371
Analysed between Charitable activities	170,938			72,496			243,434			180,606			70,765			251,371

Governance costs attributable to charitable activities are apportioned pro rata to the total of direct costs and other support costs incurred in delivering each activity.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

11. Auditor’s remuneration

The analysis of auditor’s remuneration is as follows:
Fees payable to the charity’s auditors and associates:	2025			2024
	£			£
Audit of the charity’s annual accounts	13,320			12,600
Non-audit services
All other non-audit services	7,440			5,500

12. Trustees

None of the board of trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Expenses in respect of travel and charity supplies totalling £216 were reimbursed to two members of the Board of Trustees (2024: Expenses in respect of travel totalling £49 were reimbursed to one member of the Board of Trustees)

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

13. Employees

Number of employees:	2025				2024
	Number				Number
The average number of employees during the year was:
Chief Executive Officer	1				1
Resource Centre based services	7				8
Community, home / supported accommodation	20				19
Management and administration	8				7
Wellbeing Navigator	2				2
	38				37
Employment costs:	2025				2024
	£				£
Wages and salaries	777,600				730,353
Social security costs	59,700				55,354
Other pension costs	27,513				24,016
	864,813				809,723

The above analysis is based on each employee's primary function within the charity; however many of the employees do spend time on more than one activity.

There were no employees whose annual remuneration was £60,000 or more.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

14. Other expenditure

Unrestricted Funds	Unrestricted Funds	Unrestricted Funds
	2025	2024
	£	£
Other expenditure	-	13,438
	-	13,438

Other unrestricted fund expenditure of £Nil (2024: £13,438) relates to costs associated with the Pennels Project, which were fully funded by the charity.

15. Net gains/(losses) on investments

Unrestricted Funds	Unrestricted Funds	Unrestricted Funds
	2025	2024
	£	£
Revaluation of investments	27,247	213,274
Gain/(loss) on sale of investments	5,183	(3,323)
	32,430	209,951

16. Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

17. Tangible fixed assets

		Freehold land and buildings	Freehold land and buildings		Asset Under Construction	Asset Under Construction		Equipment, furniture and fittings		Total	Total
		£			£			£		£
Cost
As at 1 April 2024		930,121			-			144,823		1,074,944
Additions		-			56,620			8,076		64,696
Disposals		-			-			(119,831)		(119,831)
As at 31 March 2025		930,121			56,620			33,068		1,019,809
Depreciation and impairment
At 1 April 2024		303,174			-			133,042		436,216
Depreciation charged in the year		17,553			-			6,613		24,166
Eliminated in respect of disposals		-			-			(119,831)		(119,831)
As at 31 March 2025		320,727			-			19,824		340,551
Carrying amount
At 31 March 2025		609,394			56,620			13,244		679,258
At 31 March 2024		626,950			-			11,779		638,729
								2025		2024
								£		£
The carrying value of land included in		land and buildings comprises:
Freehold								609,394		626,950

The significant part of tangible fixed assets is used for direct charitable purposes

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

18. Fixed asset investments

		Listed Investments					Cash in portfolio					Total	Total
		£					£					£
	Cost or valuation
	As at 1 April 2024	1,738,065					40,938					1,779,003
	Additions	141,482					-					141,482
	Valuation changes	27,247					-					27,247
	Disposals	(108,632)					(10,832)					(119,464)
	As at 31 March 2025	1,798,162					30,106					1,828,268
	Carrying amount
	At 31 March 2025	1,798,162					30,106					1,828,268
	At 31 March 2024	1,738,065					40,938					1,779,003
							2025					2024
							£					£
	Investments at fair value comprise:
	UK equities						163,562					172,740
	UK unit trust and other investment funds						709,721					672,970
	Overseas equities						521,244					500,595
	Overseas unit trusts and other investment funds						403,635					391,760
	Cash held within investmentportfolio						30,106					40,938
							1,828,268					1,779,003

The significance of financial instruments to the ongoing financial sustainability of the charity is considered in the financial review and investment policy and performance sections of the Trustees' Report.

The main risk to the charity from financial instruments lies in the uncertain investment markets. The charity has an investment policy aimed at providing long term growth in the value of its listed investment portfolio rather than immediate income requirements therefore the volatility of yields is of lower importance.

The listed investment portfolio comprises both UK and overseas equities and other investment funds, therefore there is a performance risk from overseas markets and their exchange rates.

The charity manages these investment risks by retaining expert advisors and operating an investment policy that provides for a high degree of diversification of holdings within investment asset classes that are quoted on recognised stock exchanges.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

18. Fixed asset investments (continued)

Fixed asset investments revalued

All investments are carried at their market value. Investments in equities and unit trust and other investment funds are all traded in quoted public markets, primarily the London Stock Exchange. The historical cost of investments listed on a recognised stock exchange at 31 March 2025 was £1,234,905 (2023: £1,200,650).

19. Debtors

Amounts falling due within one year:	2025	2024
	£	£
Trade debtors	56,691	47,449
Other debtors	10,000	18,609
	66,691	66,058
Amounts falling due after one year:	2025	2024
	£	£
Other debtors	15,000	-
Total Debtors	81,691	66,058

20. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Other taxation and social security	14,546	-
Other creditors	6,001	2,604
Accruals and deferred income	25,231	23,385
	45,778	25,989

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

21. Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.

				Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds		Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds	Movement in funds
	Balance at			Incoming			Resources	Transfers				Balance at	Incoming		Resources				Transfers		Balance at 31 March 2025
	1 April 2023			Resources			expended					1 April 2024	resources		expended
	£			£			£	£				£	£		£				£		£
Mental Health Navigator	-			68,589			(69,604)	1,015				-	70,049		(69,855)				(194)		-
Beneficiary activities	862			510			(196)	-				1,176	-		(220)				-		956
Fundraising / donations	202			-			-		-			202		-		-			-			202
Pennels II Project	-			-			-	-				-	63,261		-				(3,261)		60,000
Local Authority Community Grant	-			-			-	-				-	4,239		(1,373)				(2,866)		-
	1,064			69,099			(69,800)	1,015				1,378	137,549		(71,448)				(6,321)			61,158

Mental Health Navigator

As part of the Mental Health Northants Collaboration (MHNC) the mental health navigation team provides support in the community to help people improve their general wellbeing. The service is designed for people experiencing difficulties with their emotional wellbeing, living conditions and physical health.

At 31 March 2025 the charity had fulfilled its obligations under the terms of this funding, and the balance on the fund was therefore transferred to unrestricted general funds.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

1. Restricted funds (continued)

Beneficiary activities

Monies are collected from beneficiaries to partly fund day excursions, activity holidays and similar activities.

Fundraising / donations

From time to time funds are raised from events or appeals for a specific purpose.

Pennels II Project

The charity is in the process of developing 5 new builds. As part of that process the charity makes applications for grant funding. During the year the charity received grant income of £63,261 towards Green energy measures within the development. The transfer of £3,261 represents capitalised expenditure in the year on the asset in the course of construction. The remaining £60,000 of grant income as at 31 March 2025 will be used to part-fund other future Green measures within the development.

Local Authority Community Grant

During the year the charity received a grant of £4,239 from North Northamptonshire Council to improve energy efficiency levels at the Resource Centre. The funds were fully used in the year to commission an energy efficiency report and upgrade an old boiler to a more energy efficient boiler. The transfer of £2,866 represents the cost of the new boiler, which has been transferred to unrestricted fund assets now that the funds have been spent.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

22. Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds

	Balance at	Incoming	Incoming	Resources	Transfers	Balance at	Incoming	Resources	Transfers		Balance at 31 March 2025
	1 April 2023	resources		expended		1 April 2024	resources	expended
	£	£		£	£	£	£	£	£		£
Building appeal fund	187,128	-		(7,031)	-	180,097	-	(7,031)	-		173,066
Legacy fund	20,541	-		-	-	20,541	-	-	-		20,541
Promotional PR fund	9,532	-		-	-	9,532	-	-	-		9,532
Revaluation Reserve fund	331,392	-		-	206,022	537,414	-	-	25,843		563,257
MakeALeg fund	18,826	-		-	-	18,826	-	-	-		18,826
Tenants Social Club	-	1,100		-	-	1,100	220	(480	(58)		782
	567,419	1,100		(7,031)	206,022	767,510	220	(7,511)	25,785		786,004

Building Appeal fund

The fund has been created to reflect the book value of freehold property used by the charity to provide resource centre activity provision, and for work and administration. The fund will be reduced over the useful economic life of the property in line with its depreciation.

Legacy fund

The fund was created for the legacy to which the charity became entitled in 2004. At the outset this was designated to be used or invested to provide for the improvement of services to beneficiaries, ideally by the acquisition of a further property. During the year there was no movement on this fund.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

22. Designated funds (continued)

Promotional PR fund

This fund was created due to the uncertainty of future grant funding at current levels. Funds have been designated to meet the costs of raising the charity's profile and to promote fundraising activities. During the year there was no movement on this fund.

Revaluation reserve fund

The fund is required by the Companies Act 2006 and represents the amount by which unrestricted investments exceed their historical cost. £25,843 has been transferred from general funds during the year.

MakeALeg fund

This fund was created by a designation of £20,000 from general funds during 2018. Its purpose is to support creativity, innovation and one-off projects, that will further the aims and mission of Kettering Mind (The project might involve mental health action, training or education, artistic activity, sport and physical wellbeing, social activity etc.). During the year there was no movement on this fund.

Tenants Social Club

This fund was created from donations of £1,100 received from former tenants of the charity's housing projects. Its purpose is to fund trips and other social activities for the tenants, including covering support staff costs.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

23. Analysis of net assets between funds

23. Analysis of net assets between	funds	funds
	Unrestricted funds			Restricted funds			Total			Unrestricted funds 2024			Restricted funds		Total 2024
	2025			2025			2025						2024
	£			£			£			£			£			£
	679,258			-			679,258			638,729			-		638,729
Fund balances at 31 March 2025 are represented by:
Tangible assets
Investments	1,828,268			-			1,828,268			1,779,003			-			1,779,003
Current assets / (liabilities)	923,843			61,158			985,001			793,745			1,378		795,123
	3,431,369			61,158			3,492,527			3,211,477			1,378			3,212,855

24. Pension commitments

During the year the charity operated defined contribution pension schemes on behalf of employees. The assets of the scheme are held separately from those of the charity in independently administered funds. The pension cost for the year was £27,513 (2024: £24,016).

The charity has no liability beyond making its contributions and paying across the deductions for employees' contributions. At 31 March 2025 contributions totalling £3,414 (2024: £17) were payable to the scheme and are included within creditors.

25. Events after the reporting date

Since the year end the charity has appointed contractors to build an additional 5 supported accommodation units in Beatrice Road. The project is expected to cost in the region of £1.1 million.

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Notes to the financial statements (continued)

26. Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

Remuneration of key management personnel

The remuneration of key management personnel, including employer’s national insurance contributions, is as follows:

		2025		2024
		£		£
Aggregate compensation		102,231		97,657

The key management personnel of the charity comprise the Board of Trustees, the Chief Executive Officer (CEO) and the Financial Manager / Deputy CEO.

27. Cash generated from operations

	2025		2024
	£		£
Surplus/(deficit) for the year	279,672		260,884
Adjustments for:
Investment income recognised in statement of financial activities	(73,048)	(56,847)
Loss/(gain) on disposal of investments	(5,183)		3,323
Fair value gains and losses on investments	(27,247)	(213,274)
Depreciation and impairment of tangible fixed assets	24,166		24,847
Movements in working capital:
(Increase) in debtors	(15,632)	(11,063)
Increase/(decrease) in creditors	19,789		(21,073)
Cash (absorbed by)/generated from operations	202,517		(13,203)

28. Analysis of changes in net funds

The charity had no debt during the year

Annual report and financial statements for the year ended 31 March 2025

Kettering Association for Mental Health – Kettering Mind

Acknowledgements

So many people helped to make the progress outlined in this report possible – from the individuals and organisations listed here to everyone who has donated time and money to Kettering Mind’s core charitable activities. Your support made it possible for us to reach more people in more ways - and we can only do what we do because of you. We can’t thank you enough.

Thank you to:

Anna Auty bpha Bunzl UK Limited Burton Latimer Football Club C Savoury Climbing Snowden – (Amelia Pearson Anna Forden, Becky Jones, Benjamin Bailey, Bradley McCambridge, Darcy Conisbee, Karen Johnston, Mike Murray) Cranford Parchial Church Council Dean Hewitt Joe & Liam - Kettering half Marathon Donation from a Meditation Group Dr Stuart Walmsley – Hoarding E.A. Timson Family Trust Halifax Hall Meadow Primary School Harniss BSS - Miles for Mind Holy Trinity Parish Church J Glover, Fundraising Event J Sainsburys Jennifer Hofmann - Kettering Half Marathon Kettering Huxlowe Inner Wheel Kit Willis

Margaret Giffin Charitable Trust Masonic Charitable Foundation Mayor of Kettering - Cllr Craig Skinner Mental Health Northants Collaboration Michael Guest Charitable Foundation Millbrook Junior School Northants Board Game Convention Poppy Rosell - adidas Manchester Marathon Provincial Grand Lodge of Northants & Hunts Rae Drage RC Summer Fayre Takings RCI Ryan Riddy Sandra Roberts Yoga Fundraiser Stan Chambers Tanya Wilson, Charity Day Fundraiser Tesco The Michael Guest Charitable Foundation Timson Benevolent Trust Donation Toller Church Coffee Morning Tony Atwell-Jeffery Virgin Money Cashback Westhill Care Home Wincancton Group Cake Sale Woodway

And for family and friends raising money in memory of their loved ones:

• • In memory of: Bunty Woods Margaret Titcombe • Jean Hannah • Sian Williams

And thank you to all those who wish to remain anonymous

Kettering Mind is registered with the Fundraising Regulator and we abide by the Code of Fundraising Practice... Fundraising activities comply with all relevant legislation and the Fundraising Regulator’s Fundraising Promise: • We will commit to high standards • We will be clear, honest and open • We will be respectful • We will be fair and reasonable • We will be accountable and responsible

Annual report and financial statements for the year ended 31 March 2025