Company registration number: 03531040 Charity registration number: 1069403 Bath Bath Mind (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 BATH MIND Contents of the Flnancial Statements for the year ended 31 March 2024 Page Reference and Admlnlstrative Detalls Report of the Trustees 2 to 12 Statement of Trustees, Responslbllltles 13 Report of the Independent Audftors 14 to 16 Statsment of Flnancial Actlvltles 17 Balance Sheet 18 Cash Flow Statement 19 Notes to the Cash Flow Statement 20 Notes to the Financial Statements 21 to 28 BATH MIND Reference and Administrative Details for the year ended 31 March 2024 TRUSTEES P Galland D Goodall B J Hutchinson S Matthews E Mckay J Shayler L Walmsley C White COMPANY SECRETARY K Morton REGISTERED OFFICE 10 Westgate Street Bath BA11EQ REGISTERED COMPANY NUMBER 03531040 (England and Wales) REGISTERED CHARITY NUMBER 1069403 AUDITORS Richardson Swift Audit Ltd Chartered Accountants Statutory Auditor 11 Laura Place Bath BA2 4BL SOLICITORS RWK Goodman 5-6 Northumberland Buildings Queen Square Bath Somerset BA12JE BANK Natwest PLC Bath 24-25 stall Street Bath BA1 1QF FEDERATED WITH Mind, 15-19 Broadway, London, E15 4BQ Page 1 BATH MIND Report of the Trustees for the year ended 31 March 2024 The trustees, who are directors for the purposes of company law, are pleased to present their annual Trustees report together with the financial slatements and auditors, report of the charitable company for the year ended 31 March 2024, which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the 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). Further information about the eharily and its work can be found on Bath Mind's website {www.bathmind.org.uk), in our leafl81 and through direct enquiry to the main office at 10 Westgate Street, Bath, 8A1 1 EQ. Trustees Pip Galland, Chair Jayne Rolls, Vice Chair {Resigned 19 October 2023) Suzanne Matthews, Treasurer Christopher White Richard Ellis (Resigned 19 October 2023> Luke Walmsley Emily McKay Ben Hutchinson David Goodall Jane Shayler Page 2 BATH MIND Report of the Trustees for the year ended 31 March 2024 Public benefit Bath Mind's Memorandum of Association sets out the principle organisational purposes, which are for the public benefit and are compatible with the requirements of the Charities act 2006. These are: To promote the preservation of menlal health and to support people experiencing mental ill health,focusing on health and wellbeing. To promote study and research into mental health and emotional distress,. to obtain and disseminate information concerning the same and to educate the public in matters relating to mental health. Our vision is of a society that promotes and protect5 good mental health for all and treats people with experience of mental ill heatth fairly, positively and with respect. We work in partnership with national Mind and wtth other Local Minds to provide infomiation and support and to campaign to improve policy and altitudes. In shaping our objectives for the year and planning our activities. the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit.. running a charity (PB2)'. Bath Mind manages a wide range of crisis, wellbeing and support services including a care home and supported housing, intensive outreach, tenancy sustainment, counselling, evening Place of Calm, phone line support, befriending, wellbeing projects, benefits services and training packages in Bath & North East Somerset and Wiltshire for people experiencing mental ill health. The needs and experiences of people with mental ill health are at the heart of our work and we ensure that they are involved at every level of our organisation - as trustees, paid employees and volunteers. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Housing Services The aim of Housing Services is to safeguard individuals who have experienced a mental health crisis during which they may have lost their jobs, friends, families and homes. These life issues add to the erosion of the self-confidence and self-respect experienced by many individuals who have been through mental illness Living in a safe, comfortable home, with the appropriate support provides the stability and security that enables an individual to recover and rebuild their life to make the mosl of their potential for independence. Within the Housing Service there are differing models of support. Our 24-hour care home 15 designed for residents with enduring mental health conditions who require a moderate to high level of supervision and support. We also provide tenancies through our supported housing scheme. These places are for tenants with a lower level of support need. In both housing settings, the underlying elhos is similar to promote positive mental health and encourage independence to the maximum of an individual's recovery potential. Registered Care Home This service is funded by placement fees for the eight residents. These are made up of a combination of residents, housing benefit entitlements and payments made for their support by BaNESINHS. We are also paid a fee by the property owners (Places for People) to act as their managing agents. A large semi-detached villa in Lower Oldfield Park provides comfortable, safe living for eight individuals wrth more serious. longer-term mental health needs. Page 3 BATH MIND Report of the Trustees for the year ended 31 March 2024 Supported Housing - Marlborough Lane and WanNick Close We manage two properties on behalf of Places for People, a national housing association, providing a total 0* 10 tenancies. Our supported house in Bath and North East Somerset (BaNESI offers fixed-term, two-year tenancies for people fram the black and ethnic community. The supported house in Wiltshire has a more flexible timetable of two to three years. The service is intended for individuals at a stage of recovery where they have the potential to make further progress towards independence. Working on a recovery plan developed and agreed with a support worker, the tenant will be encouraged, supported, and challenged to develop the skills and confidence required to gain and sustain an independent tenancy with a housing association, or in the private sector. The service is funded by a combination of the rents and charges paid by tenants,. managing agent fees paid by the property landlord,. and contract fees to provide Ihe support element of the service paid for by BaNES Council Supporting People and the Willshire Mental Health Contracts team. Welfare Benefits - Collaboration with Citizens, Advice, 8aNES Qur Welfare Benefits Service is part of a joint project with Citizen's Advice BaNES. We employ a mental health support worker who provides advice and support with all benefit appeals and helps lo navigate the benefits pathway. Community Support We offer practical assistance and emotional support lo people living in their own homes to help them live an independent and fulfilling life. This includes 5UPPOrt with building self-confidence, health and wellbeing, living skills, budgeting, social connections, housing issues and accessing community facilities. The team offer flexible person-centred support across BaNES. We fund the service through either private individual payments or personal budgets from BaNES Council. Access Mental Health Support The Access Community Mental Health IACMH) team is the 'front door, for BaNES' mental health service. The team provide a seven day per week seNice, from 9-5.30pm, working with people to access the correct mental health support for them, and learn more about other seNices in the local community. This support includes.. regular check ins to support individuals to achieve their goals discussions around lo¢a1 seNices encouragement and support to access mental health services such as coun5elling a trained and friendly team member The ACMH team will a150 help to plan next step5, With a focus on future independence. The team have supported over 1,400 people in the last year. Breathing Space Our evening Breathing Space phone support service opened in April 2020 allowing people living within BaNES to make contact when experiencing crisis with their mental health. The service ha5 been successful in de-escalating the crisis feelings felt by a person needing support when statutory day services have closed. In 2023124, the service has taken over 3,200 calls. The in-person service opened in April 2021 in addition to the phone support offer. In 2023124 we have supported over 3,000 people in crisis. Both services are open seven evenings per week, from 5.30pm to 11.00pm. Page 4 BATH MIND Report of the Trustees for the year ended 31 March 2024 Befriending Bath Mind manage a daytime phone support and response service as part of BaNES' Community Wellbeing Hub. This is managed by three support staff covering five days and is an additional daytime phone support service complimenting the Breathing Space phone support line and Access phone support setvice. Wellbeing Services Our wellbeing services are designed to promote positive mental health, support recovery and combat stereotyping and discrimination. There is a strong emphasis on collaborating with other groups and organisations and encouraging individuals experiencing mental ill health to become actively involved in their communities. Food for Thought Food for Thought (FFT) is a catering and training enterprise running cookery workshops and courses. lunch clubs, and event catering across BaNES. Part funded by BaNES, the project provides opportunities for participants to gain skills, boost self-esteem, socialise and progress on their mental and physical wellbeing recovery path. FFT works with groups and individuals to improve their skills around self-confidence, budgeting, making healthier eating choices, socialising, working as a team, and using local and seasonal produce. FFT participants who want to move into volunteering can complete a food hygiene course and help with Bath Mind's event catering, including the preparation and serving of food. FFT uses any profrt made from event catering to offset the cost5 of workshops. Greenlinks Greenlinks is a community support group offering people with mental and physical health issues the opportunity lo engage in gardening activities on allotments based in Monksdale Road and Alice Park in Bath and Ammerdown, Radstock. Members can get involved in all elements of planning, gardening and site maintenance or can simply come along and enjoy a cup of tea in one of the seating areas. Communlty Wellbeing Groups Our Communty Wellbeing Groups are a range of peer facilitated and staff-led community groups offering people with ongoing mental health issues the opportunity to receive one to one support, advice and lo engage in social and 5kill-based activities. The aim is to improve members, physical and mental heallh, increase confidence, 5UPPOrt people to self-care and to reduce social isolation. Youth I school support Our Wellbeing Services have developed further into youth support over the past year, operating in Bath Spa University, University of Bath and Bath College. We deliver support through our wellbeing discussion groups and our Greenlinks and Food for Thought seNices for students who require talking therapies, activities and courses to maintain positive mental health whilst experiencing the pressures of student life. 627 Project Under the 627 project we have secured funding to deliver mental health support to children transitioning from junior to senior school. This Se￿iCe promotes the benefits of talking and sharing experiences and aims to build confidence in Children and teachers to feel safe and knowledgeable while living or working with menial health issues. Page S BATH MIND Report of the Trustees for the year ended 31 March 2024 Safe Space This peer support group is for young people aged 16 25 to connect and have discussions about their mental health in a safe, sUPPOrtive place, facilitated by Bath Mind staff and volunteers There are opportunities to engage in new activities based around the 5 Ways to Wellbeing, such as sharing music, literature. guided art sessions, theatre and physical activity. This group a150 has a social gathering once each month, sharing a game of bowling, a cinema trip or a meal together. Meetings take place on Monday evenings both online and in person. Counselling Our counselling service was established in September 2020 to support people living within BaNES. The service offers affordable counselling for individuals aged 16 and over who are seeking one-to-one support through talking therapies. Over the last year we employed five registered Counsellors. Intensive Outreach The seNice aims to provide a Smooth discharge from psychialric care or prevent people needing access to hospital. The team provide short term flexible and trauma informed support with the development of strategies to stay well. The service operates over seven days per week and works closely with AWP. Emergoncy Department and Safety Planning for Adults Based at the Royal United Hospital in Bath Emergency Department, we offer trauma-informed person centred support to adults presenting to the RUH'S Emergency Department with mental hearth crisis behaviors, low mood, depression and anxiety. This service is open seven days per week from 8.30am to 5.30pm based at the Royal United Hospital Bath Emergency Department. Developing Health and Independence IDHI) collaboration We collaborate with DHI to provide interventions for people with dual diagnosis rnental ill health and drug and alcohol misuse with one Practitioner for 30 hours a week, managed under the umbrella of the Intensive T8am. It was developed as a flexible, person-centred, service to build relationships, working one to one. Orchard House - Crisis Housa We opened our four-person crisis house in September 2023. The seNice operates 2417 with an experienced staff team supporting people with 'step down, from our Mental Health Trust's (AWP) in-patient unit and 'step up, as an avoidance to hospital admission. The service is in collaboration wtth AWP who are the sole referral agency. Beauford House A capital grant agreement has been signed with NHS Bath and NE Somerset, Swindon and Wiltshire Integrated Care Board INHS BSW ICB) for Bath Mind to acquire a property in Bath for the provision of a safe, Iherapeutic, non-clinical environment for people experiencing or recovering from a mental health crisis or emotional distress. The property was purchased in April 2024 by NHS BSW ICB, Bath Mind are responsible for running the service from Beauford House. Page 6 BATH MIND Report of the Trustees for the year ended 31 March 2024 Business Development Unrestricted Fundraising 2023124 was a busy year for Fundraising including two Bath Half Marathons. Mental Etf sk run and a number of community events and amazing individual challenges. Bath Mind continues to develop digilal fundraising through social media campaigns and selling Small products Such as Christmas cards. This also includes regular online giving. Bath Mind is proud to have maintained the support of local philanthropists, businesses and organisations throughout 2023124 and developed new corporate partners that will continue into 2024125. The posl-pandemic fundraising landscape remains challenging. Fundraising fatigue, the economic climate and the cost-of-living crisis, are still having an impact on the charity's fundraising income. The charity adheres to the Institute of Fundraising Code of Practice, is registered with the Information Commissioner Office, and the Fundraising Regulator. Any complaints received by the charity are recorded on a complaints register and shared with the Fundraising Regulator annually. Our procedures for dealing with complaints means that if we were to receive a complaint it would be dealt with immediately and any remedial actions which were required would be implemented as soon as possible. The charity did not receive any data subject access requests during the year. In addition, there were no data breaches to report. Restricted Fundralslng Our Business Development & Press Manager explores and scopes income generating opportunities applying to larger grant funders. Bath Mind has been successful in obtaining funding from a number of businesses in 2023124. Due to Bath Mind's growth and size, we are no longer eligible for many grant funders, plus the grant landscape post-pandemic has become even more competitive. Therefore, we have developed an Income Generalion Strategy, and we will be scoping new and innovative ways to generate income in 2024125. Tralnlng servlces Bath Mind's Wellbeing in the Workplace and Training scheme is a chargeable service which incorporates 8 variety of training courses, workshops, and wellbeing initiatives. Wrthin this we deliver an array of qualifications, for example the Suicide First Aid courses and Mental Health First Aid courses. We offer a hybrid approach to delivery and ran several public courses, as well as many courses in-house within organisations throughout 2023124. We also deliver youth training upon request. Communications Bath Mind's communication work has hugely increased as the charity has grown. It is an important arm to the charity and is vital to increasing awareness, tackling stigma, and providing support to the community we serve. Bath Mind's communications consist of strands. Firstly, digital which encompasses all our social media channels, our website, newsletters, digital marketing materials and support resources. Print communications consists of our Service Brochure, Impact Report, and our free Wellbeing Magazine. We also work with local press and publications to promote our services and events, as well as providing wellbeing tips and support to the local communty. Bath Mind organises and manages a significant number of awareness raising campaigns throughout the yeaf and offer a variety of tips, information, and resources to help people support their mental health and wellbeing. Page 7 BATH MIND Report of the Trustees for the year ended 31 March 2024 Administration The Chief Executive works closely with trustees to lead the organisation, focus on external profile and commissioning, oversee the organisation's budgets and management accounts, the strategic priorities, business plans, policies, and ensuring service delivery is delivered to the highest quality, and managed effectively and efficiently. The Chief Executive is also the Company Secretary and is responsible for line management of the Iwo Directors of Operations. Director of Business Development, the Head of People and Finance Manager. The trustees have commended the work of the Chief Executive and the staff of Bath Mind, during what again has been a challenging year for the Charity and the sector. Qualtty Management Active involvement with the Processes of the Mind Federation's "Quality Management" scheme facilitates organisational improvement through self-reflection and external assessment Our current quality mark with Mind ensures we maintain our eligibility to membership of the Mind Federation and qualifies us to display the Charity Commission's endorsement logo. Volunteer Support & Servl¢e User Involvement Bath Mind welcomes applications for paid and voluntary positions from individuals who have direct personal or family experience of mental health issues. We promote a range of opportunities for individuals who use our services to become involved in the organisation as volunteers. This support5 recovery and provides encouragement for individuals to re-engage with the Gommunity. During the year Bath Mind has increased ils number of volunteers to 40, all of whom have played a fundamental role throughout the pandemic. Roles vary from administrative support, supporting with wellbeing groups and communications support. All trustees of Bath Mind are volunteers. Bath Mind employ a dedicated Volunteer Coordinator. Page 8 BATH MIND Report of the Trustees for the year ended 31 March 2024 Many thanks to our supporters and funders We would not have been able to carry out our work from April 2023 to March 2024 without the generous support of our funders, donor5 and fundraisers. Anthem Publishing Baskervilles Bath Building Society Bath NHS Foundation Trust Bath Odeon Bath Rotary Club Bath Spa Hockey Bath Spa University Bath Sports and leisure Centre Bath Stone Property Bespoke Performance Buro Happold Caliunity Chathell Funding Contracts Advance Cornish Bakery Farrans Construction Fidelius Freemasons Elizabethan Lodge Future Publishing Good Afternoon Club and Choir Hall and Woodhouse Jason Dorley Brown John Lewislwaitrose Juno Bar King Edward School Kingswood School Marks and Spencer Paragon School Pavers Foundation Radstock and MSN Lions Sanctuary Barbers Seccl Seven Hills Southgate British Land Trust Spec Savers St Monicas Trust Home Care Services Slanza Fitness The Crescent Restaurant The Hailstones The Medlock Charitable Trust The National Lottery The Norrie Trust The Roper Foundalion Toogood Tattoo University of Bath Gardening Club Widcombe Social Club Zen Rebel Studios We also received donations from private sources supporting our work and in memory of loved ones. Flnanclal revlew Total income of £3,800,856 (2023.. £2,880,808) was up by 41.8°h year on year. This was mainly due to an increase in operations and new services being established. Income from donations and legacies was £159,599 up from £136,141 in 2023. Expenditure on charitable activities was £3,776,320 up from £2,834,860 in 2023. The charity reported a surplus of £24,536 compared to a deficit of £154,052 in 2023. Policy on reserves The Committee of Management is responsible for signing off Bath Mind's budget before the beginning of each financial year and regularly review5 income and expenditure against budget plans. At 31 March 2024, we held £478,762 (2023.. £515,044) of unrestricted reserves. The reserves are required to meet the working capital requirements of the charity, representing approximately 35/0 of budgeted unrestricted operating costs. This is within the range representing 3 - 6 months of running costs. It is the charity's target to have a reseNes policy to provide for 3-month operating costs in the event of funding loss. Page 9 BATH MIND Report of the Trustees for the year ended 31 March 2024 Going concern Bath Mind management have conducted a review of their current year {2024-25) budget, established performance and income delivery to date. For the first 3 months of this year, to the end of June. they had received 40 % of their budgeted income for the year. Bath Mind's main commissioned services have received 30 % of their funding and the remaining balances are being paid by regular monthly inslalmen15, or quarterly invoicing. Our housing Services are at ftjll capacity. We have a waiting list, and work closely with the Community Mental Health Team. Unrestricted Reserves at 31st March, 2024 of £478,762 also setve to add confidence to Bath Mind's assured position. Plans for future periods Organisational and service development is structured and guided by a three-year Strategic Plan. We have finalized and published our three-year strategy. The strategic plan and values are discussed at annual full staff awaydays. Progress against agreed development targets is monito￿d quarterly (SMART objectives) and the plan is reviewed annually. The Strategic Plan 2023-26 is on our website at w￿.bathmind.0rg.Uk. Nature of governing document The charty is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. Page 10 BATH MIND Report of the Trustees for the year ended 31 March 2024 Bath Mind is a registered charity and company limited by guarantee. We are governed by Memorandum and Articles of Association 2009, approved by the Charity Commission and the national charity Mind. Bath Mind is an independènt Local Mind (LM) operating throughout the area of Bath & North East Somerset and Wiltshire. We are federated with the national organisation of Mind and are fully committed to enhancing the qualily of administration and services through active participation in the national 'Mind Quality Management" processes. Bath Mind maintains the Mind Quality Mark. An award entitles Bath Mind to display the Charity Commission's Endorsement Mark. The Committee of Management oversees the operation of Bath Mind. During the reporting year, thi5 comprised of 10 voluntary trustees, some of whom have lived experience of mental health, plus the Chief Executive. As a paid employee, the Chief Executive is a non-voting member of the committee and acts as Company Secretary. The positions of Chair, Vice Chair and Treasurer are elected by the membership at the Annual General Meeting (AGM}. Anyone is entitled to make an application to become a trustee and, following a recruitment process, will be elected by the membership at the AGM. Those who access Bath Mind services are welcomed to apply to become trustees, up to a limit of 500/0 of the numerical composition of the Committee of Management. Fomial policies and governance manual detail procedures for the recrurtment, induction, training and term of office of trustees. The Committee of Management mel eight times during the year in addition to the Annual General Meeting. Outside of these meetings, the trustees continued to meet on an ad hoc basis as and when urgent and unforeseen issues arise, and decision are required. In the last year, we had one functioning subgroup The Finance Group. Chaired by the Treasurer. The Treasurer reports regularly to the CEOIChair and is responsible for reporting on progress at full Board meetings. Bath Mind's Engagement and Members, Group continues to be managed operationally by the Wellbeing Services Manager. Any updateslissues from this group are presented to full Board. The work of the Committee of Management involves: Ensuring that Bath Mind complies with its governing documents, charty law, company law and any other relevant legislation or regulalions. Ensuring that Bath Mind pursues its objects as defined in its governing document. Guarding the ethos and values of Bath Mind, ensuring that they are compatible with those of the national Mind Federation. Securing financial stability and the effective management of resources by approving the annual financial statement and budget plan, monitoring income and expenditure. arranging the annual independent audit and reporting of accounts, minimising risk and raising funds. Protecting and managing the property of Bath Mind and ensuring the proper investment of funds. Providing clear strategic direction. setting overall policy, defining goals and evaluating perfomiance against agreed targets. Ensuring effective and efficient administration by establishing and monitoring policies, procedures and employment practices. Promoting Bath Mind, protecting and enhancing its reputation. The Committee of Management employs staff to manage and deliver services. Trustees also greatly value the volunteer team= these unpaid individuals freely donate their time, skills and eneigy, allowing Bath Mind to work more efficiently in the community, increasing service capacity and reaching more people. Page11 BATH MIND Report of the Trustees for the year ended 31 March 2024 The Management of Organisational Risk The potential risk to income streams is minimised by maintaining a balance of different income sources such as. payments for services commissioned by Bath & North East Somerset Council, Wiltshire Council and the BaNES Swindon and Wiltshire CCG, project grants from other organisations, housing rents, fundraising and training income and private donations. There is a150 a balance of activities between long- medium- and short-term projects. Long-term projects, such as supported housing projects, are relatively stable with long-term planning cycles. Demand for places in the housing projects has remained steady but the situation is closely monitored. Risk is managed by maintaining positive and constructive relationships with the housing association that owns the properties managed by Bath Mind. The provision of an excellent housing management service is at the heart of these positive relationships. Financial risk is minimised through the adjustment of void levels, making budget provision for rooms that may remain empty. These are kept under continuous review and adjusted annually. Medium- and short-term projects are planned and managed on an individual basis. Potential risks are analysed at the planning and design stage and if a potential project cannot provide full cost recovery, it is rejected. Robust monitoring and review processes ensure that any problems are picked up in time for delivery adjustments to be made. Arrangements for settlng key management pèrsonnel remuneration The trustees consider that the board of trustees, the CEO, Finance Manager, and Directors of Services and Business development comprise the key management personnel of the charity in charge cf the directing and controlling the charity and running and operating the charity on a day-to-day basis. All trustees give of their time freely and no trustee remuneration was paid in the year. Details of trustee expenses and related party transactions are disclosed in note 8 8nd 9 to the aGGounts. Trustees are required to disclose all relevant interests and register them and in accordance with the charity's policy and withdraw from decisions where a conflict of interest arises. Financial instruments The Charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the charity and their measurement basis are as follows: Financial assets trade and other debtors are basic financlal Instruments and are debt instruments measured at amortised cost as detailed in note 11. Prepayments are not financial instruments. Cash at bank - is classified as a basic financial instrument and is measured at face value. Financial liabilities trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in note 12. Taxation and social security are not included in the financial instruments, disclosure definition. Deferred income is not deemed to be a financial liability, as Ihe cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument. Disclosure of infomiation to auditor Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to eslablish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant infomiation that they know of and of which they know the auditor is unaware. Small company's provision statement This report has been prepared in accordance with the small company's regime under the Companies Act 2006. Page 12 BATH MIND Report of the Trustees for the year ended 31 March 2024 Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ....... 311.ol£t ............ and signed on the board's behalf by.. P Galland- Trustee Page 13 BATH MIND Statement of Trustees. Responsibllities for the year ended 31 March 2024 The trustees (who are also the directors of Bath Mind for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice} and applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of ils incoming resources and application of resources, including Its income and expenditure, for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently. observe the methods and principle5 in the Charities SORP. 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 charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulanties. The trustees are responsible f.or the maintenance and integrity of the charity and financial information included on the charily's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. Approved by the trustees of the charity on and signed on its behalf by-. Pip Galland, Chair Trustee Page 14 Report of the Indepèndent Auditors to the Members of Bath Mind Opinion We have audited the financial statements of Bath Mind (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdotn Accounting Standards (Uniled 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 2024 and of its incoming resources and application of resources, including its income and expenditure. for the year then have been properly prepared in accordance with United Kingdorn 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 IUK>) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the 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. Concluslons relatlng to going concern In auditing the financial stalemenls, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other information The trustees are responsible for the other inform8tion. The other infomiation comprises the infomation included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibilily is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether 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 prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit= the information given in the Report of the Trustees for the financial year for which the financial statements are piepared is consistent with the financial statements., and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page15 Report of the Independent Auditors to the Members of Bath Mind Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where 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. Of 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 infomiation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Irustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease operations, or have no realistic alternative but lo do so. Page 16 Report of the Independent Auditors to the Members of Bath Mind Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditors 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 fi'nancial statements. The exient to which our procedures are capable of detecting irregularities, including fraud is detailed below= We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity by discussion with key personnel and consideration of our experience of clients in similar sectors. We determined that the most significant laws and regulations which have a direct impact on the fom and content of the financial statements of the entity are the Companies Act and UK GAAP, specifically the Charities SORP. We determined that the most significant operational laws and regulations for the entty are those governing the charitable sector, safeguarding regulations and GDPR. Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identrfied above, with no issues arising. We gained an understating of the entity's policy and procedures by discussion with key personnel and substantive audit work. We assessed the risk of material misstatement in respect of fraud through our planning processes, and no significant risks were identified. We considered the risk of fraud through management override and, in response, we incorporated testing of manual journal entries into our audit approach. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading lo a material misstalement 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 is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.ukJauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the chariiable 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 pemiitted 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 fomied. Catherine Edwards Bsc FCA (Senior Statutory Auditor) for and on behalf of Richardson Swift Audit Ltd Chartered Accountants Statutory Auditor 11 Laura Place Bath BA2 4BL Page 17 BATH MIND Statement of Financial Activities Ilncorporating an Income and Expenditure Account) for the year ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 159,599 159,599 136,141 Charitable activities Charitable activities 1,034,891 2,589,463 3,624,354 2.541,908 Investment income 16,903 16,903 2,759 Total 1,211,393 2,589,463 3,800,856 2,680,808 EXPENDITURE ON Charitable activities Housing Projects Other Projects Support Costs 417,465 646,768 183,442 410,388 1,777,812 340,445 827,853 2,424,580 523,887 475,014 2,030,307 329,539 Total 1,247,675 2,528,645 3,776,320 2,834,860 NET INCOMEI(EXPENDITUREI (36,282) 60,818 24,536 (154,052) RECONCILIATION OF FUNDS Total funds brought forward 515,044 399,815 914,859 1,088,911 TOTAL FUNDS CARRIED FORWARD 478,762 460,633 939,395 914,859 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 18 BATH MIND Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 10 11,166 11,166 18,455 CURRENT ASSETS Debtors Cash in hand 107,972 377,813 27,547 737,864 135,519 1,115,677 1%,232 1,168,867 485,785 765,411 1,251,196 1,365,099 CREDITORS Amounts falling due within one year 12 (18,189) (304,778) (322,967) (468,695) NET CURRENT ASSETS 467,596 460 633 928,229 TOTAL ASSETS LESS CURRENT LIABILITIES 478,762 460,633 939,395 914,859 NET ASSETS 478,762 460,633 939,395 914.859 FUNDS Unrestricted funds Restricted funds 14 478,762 460 633 515,044 399815 TOTAL FUNDS 939 395 914 859 The financial statements were approved by the Board of Trustees and authorised for issue on i.l.i.o/.i+ and were signed on its behalf by.. P Galland - Trustee The notes form part of these financial statements Page 19 BATH MIND Cash Flow Statement for the year ended 31 March 2024 2024 2023 Notes Cash flovts from operating activities Cash generated from operations 70.093) 188,973 Net cash (used in)Iprovided by operating activilies 70,0931 188,973 Cash flows from Investing activlties Purchase of tangible fixed assets Investment income (10,854) 2,759 16,903 Net cash provided byllused inl investing activrties 16,903 8,095) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginnlng of the reportlng perlod (53,190) 180,878 1,168,867 987 989 Cash and cash equivalents at the end of the reporting period 1,115,677 1,168,867 The notes form part of these financial statements Page 20 BATH MIND Notes to the Cash Flow Statement for the year ended 31 March 2024 RECONCILIATION OF NET INCOMEIIEXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net incomel(expenditure) for the reporting period (as per the Statement of Financial Activitlesl Adjustments for: Depreciation charges Investment income Decreasellincreasel in debtors (Decrease)lincrease in creditors 24,536 (154,052) 7,289 (16,903) 60,713 145,728 13,515 {2,7591 (130,667) 462,936 Net cash (used in)Iprovided by operations 70.093) 188,973 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 1,168.887 53,190 1,115,677 1,168,867 53,190) 1115,677 Total 1,168,867 53,190 1,115,677 The notes fomi part of these financial statements Page 21 BATH MIND Notes to the Financial Statements for the year ended 31 March 2024 CHARITY STATUS The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exGeeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is- 10 Westgate Street Bath BA1 1EQ ACCOUNTING POLICIES Basis of preparlng the flnancial statements and statement of compliance The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statemenls have been prepared under the historical cost convention. The financial statements comply with the Charities Act 2011. The financial statements are prepared in sterling, which is the functional currency of the charity, and rounded to the nearest £. Going concern The financial statements are prepared on the assumption that the entity is a going concern and will ontinue its operations for the foreseeable future. Income and endowments Income is recognised when the charity has been notified in writing of both the amount and settlement date. In the event that income is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, or other specific conditions thal limit income recognition, the income may be deferred and not recognised until either those conditions are fully mel, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period Legacy gifts are recognised on a case-by-case basis following the grant of probate when the administratorlexecutor for the estate has communicated in writing both the amount and seltlement date. In the event that the gift is in the form of an asset other than cash, or a financial asset Iraded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. Expenditure 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 a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrua5s basis and has been classified under headings that aggregate all cost relaled to the category. Where costs cannot be directly attributed to particular headings. they have been allocated to activities on a basis consistent with the use of resources. Charitable activities Charitable expenditLJre comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that Gan be allocated directly to such activities and those c05t5 of an indirect nature necessary to support them. Page 22 continued... BATH MIND Notes to the Financial Statements - continued for the year ended 31 March 2024 ACCOUNTING POLICIES - continued Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Leasehold Furniture & equipment in accordance with the property lease 25 /0 on cost Tangible asse15 are measured at depreciated historical cost. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Aeeordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sedion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds set aside for specific purpose5 as at the discretion of the Trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Trade debtors Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at transaction price. The are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposlts, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right , at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at east ￿e&ve months after the reporting date. they are presented as non (36,2821 Restrlcted funds Housing Other Funds Wellbeing Groups Community SeNices Place of Calm Outreach support Children & Young Adult Projects. CYP Benefit Advice Project 430,889 62,201 159,519 967,460 504,736 448,969 3,375 (410,388) (57,767> (126,623) (755,046) (770,689) (329,634) (29,501) 48,997) 20,501 4,434 32,896 212,414 1265.953) 119.335 126,126) 36 683) 2 589 463 2 528,645 60,818 TOTAL FUNDS Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Building Fund IT Renewal Fund Unfunded Essential Activity Fund 414,953 30,000 30,000 (9,909) 405,044 30,000 30,000 524,953 {9,909} 515,044 Restricted funds HoLJsing Other Funds Wellbeing Groups Place of Calm Outreach support Children & Young Adult Projects. CYP Benefit Advice Project 119,424) 110,434) 132,100) 166,238 1264,034) 4,170 11,441 119,424) (10,434) 6,000 289,037 35,353 53,173 38,100 122,799 299,387 49,003 34,669 543,958 144 143 399 815 TOTAL FUNDS 1,068911 154 052 914,859 Page 28 continued... BATH MIND Notes to the Financial Statements - continued for the year ended 31 March 2024 14. MOVEMENT IN FUNDS - Continued Comparative net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,031,325 (1,041,234} (9,909) Restricted funds Housing Other Funds Wellbeing Groups Community Services Place of Calm Outreach support Children & Young Adult Projects. CYP Benefit Advice Project 28,886 14,991 161,624 715,902 616,102 (48,310) (25,4251 {193,724) (715,902) {449,864) (264,034) (53,825) 42,542) {19,424} (10,434) {32,1001 166,238 (264,034) 4,170 11,441 57,995 53,983 1,649,483 1,793,626) 144,143 TOTAL FUNDS 154,052} After the year*nd, a restricted grant (within the Place of Calm fund) that totaled £277,028 was returned to the provider, as the projecuservice was cancelled. This is included in expenditure for the year end credttor5. 15. EMPLOYEE BENEFIT OBLIGATIONS The charity operates a defined contribution scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £43,610 (2023 - £33,532). There were no outstanding or prepaid contributions at either the beginning or end of the financial year. 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. 17. TAXATION The charity is a registered charity and is therefore exempt from taxation. Page 29