Charlty fvglstratlon number 1071705 Company reglstration number 03403522 (England and Wales) MOSAIC CLUBHOUSE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MOSAIC CLUBHOUSE LEGAL AND ADMINISTRATIVE INFORMATION Trusttss Lucy Hastwigs Shane Carmicto Palrfck Glllespie Joanna Haworth Segun Je James Kavanagh Nash Rajan Mary Rcknertson Joanne Saunsbury Jefy W9 Mark Hubbard Shan)n (Appointed 1 April 2023) (Appointed 16 June 2023) Chris Thomas Sonior managemont Chris Thomas Chief Exewbve Offic8r Charty number 1071705 Company number 03403522 Registsrod office 65 Effra Road London England SW2 1BZ Audltor MHA Building 4 Foundalion Park Roxborough Way Maidenhead SL6 3UD Bankors Natwest 128 Balham Hyh Road London SW12 9AE Sollcltors Bates, Wells & Bralthwait8 London LLP 2-6 Car)non Street London EC4M 6YH Accountants Ella(xth LLP Countivide House 23 West Bar Banbury Oxfor(Ishire OX16 9SA England
MOSAIC CLUBHOUSE CONTENTS Tw8te8s' report 1-12 Independent auditorfs report 13-15 statement of fmancial aclivitl8S 16-17 Balan Sheet 18 statemenl of cash flchv 19 Notes to the financial statements
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Tha Trustees present their amu81 report aTKI financial statarnents the year ended 31 Marth 2024. The finandal statsrnents have been prepared in &cordance wth the aunting policies set oul in note 1 to the finanrAal statements and comply tharws goveming drthmen( th8 Companies Ad 2006 and .)Unting and Reporting by Charflles: Statement of Recommended Practi applicable to charities preparing thelr accounts in accordance with the Finandal Reporting Stsndar(l applicable in the UK arKI Republic of Ireland {FRS 1021" 18ffectiv8 1 January 2019). Objectlves and actlvltles Mosaic Clubhcuse is an a¢cx8dited member of Clubhousè Intemational. YorK USA The charity is established to re14we persons suffering from mental illnes5 by the wovision of opportunities to individuals have been socially or vocationally dIsaed by mental i11r. To supp)rt these indNiduals to regain the conffid8nce and skills nece6sary to achleve their pwjtenlial and enjoy their right to productlva, digntfied and sat5sfylng and relattonships. To prolthde training and support to petsons who provide or wish to or organlse similar s8Nlces to those providad by thé charity both in the Unlted lfjrnjdom and Worklwide. Mosaic Clubhouse is a thriving Lamb8t1b3sad charity that wovides opnitieS for people experiencing mental heath issues to regain th8 Cffidence arKI skills they need to I1 produdive and satisfying INes. Aims of the charity: Worn9 on our objectives strive to ensur8 that Mosaic Clubhouse: Ensures that people who Suffer from mental health prolAems have rtght to b8 projuctive. athieve thelr potential and be respected as <Tkers. neighbours and friend& Promotes and provides aeSS to educatM)nal and empbyment opportunilies, and asslsts rnwnbers in aLwsing arKI sustaining Iheir own employmenL Offers every Thmber a range of support and social OpponItieS to matth Iheir needs and asplrations. Provides training arKI support to olher clubhouses both in the United lfjngdr)m and the vTId. As well as providing ewntial comMunY-baSed mental health support Yi Ihe heart of Lambeth for 29 yèars. we are proud to have remained a leading Clubhouse In the ClUbhSe International communty. As the only accredited Clubhouse in thè UK and one of onty Iwelve intematKtynal certified training bases. we make It our priorfty to constanlly share and develop our wacÈice. We traln olher intemational Clubhouse tèams in the Clubhouse model, regulaty talk at Intematlonal Clubhouse Conferences and we constantly reath out to colleagues globally. MI wo deliv•r publlc benefft Mosaic Clubhouse sts to provide strucbxe armj m&aniful actiwty for people with n*ntal health Issues. Mosaic Clubhouse bases its model on the defjnition and Standards agreed by the Intamational Clubhouse communlty- A Clubhouse is: A place vthere people with m8ntal health issues (membeT5) participate in th8lr own r8cI)very proces5 by working and so(xalln9 togèther in a saf8. welwming enNllronment. An organisatlon that OPete$ on proven standards devdoped over fiv8 decades by Clubhous8 Intemational and effective in ov8r 320 Clubhouses worldwide. . A community-based apwoach Ihat comkrtements avauable psythiatric and medKal Inter4Bntlons.
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Active member engagement and involvement are ctitical rX)nYenIS of 5UCC85s at Clubhouses: Membership Is voluntary and lasts as long as someon8 wants to parttapate. Membws have a key role in organising CbhOuse aCtsVit8. Staff arKI members work together as colleagues. Work. education and social actrltles in the ClUthSe are meangrU1 arKI help members regain s8kn, confidenc8 and purpose. . Clubhouses provKJe paid employrnent opporluniti8s in local buslresses for rnemb8rs who want WDrk; we help members becom8 susSJl ernployees. Th8 worf( of Mosalc Clubhcuse is orgarised into work unts {departrnts). wtlh each member a88igned to a uniL Our units ar8: Employment. Education and Infomiation Busin8ss and Adrrinistration Café and Garfens Each unit provldes a wide range of tasks appropriate to the capaknlliles and interests of the indlthdual member. Staff and m8mbers work together. sid8 by side, in the daily running of the Clubhouse. This model enables mernbers to garn skllls. confidence and selfsteem in a safe envlronment. Our young adults programme supports people vhK) are 1&30 years old. It provides Vtlal support for young adults with an existing mental health ¢ondition, and those who are at risk of devdoping poor mental health and require preventstive supporL The programme fo(8 on transitions. includiThJ 188wng scho)l and making derAsions about their future", transf8rring from child and aaolescent (CAMHS} mental health servl¢es to adult 8eNc•s or into the communty wlthout any specialist SUPPOfL' and tranSItnirj bad( into the ¢ommuNty after an Inpatient psychiatric hospital admisslon. 73 young adulls engaged wAth our young adult programm0 duflng the year. 11 young adults secured pdd employmenL The Evening Sanctuary is an out-of-Ur5 crisis service, open seven days a week at Mosaic. from 6pm until idnight. It is an attemative to A&E - a safe. rM)n-¢linical space for people to come, get supwrt arKI take part in gentl8 actlvitres vthen they do not feel safe being alone or in thelr own hornes. 134 people in need of 8UPPOrt used our Evening Sanctuary service. 87 Members told us that attendlng the Sanctuary avolded 856 A&E attendances. 84 mberS told us that attending the Sanctuary kept p•ople off the stre•ts on 767 occaslom. Publlc benefft The Trustees have paid due regard to wid8 isstd by Charity Commlsslon in d8oding what athldas the charity should undertake.
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fundralslng The Mosaic Clubhouse Community is enormusly grateful to its many supporters, with(yJt whom we woukl r1 be able to dellver any of the work we have Over the past year. In 2023124, we raised £941.805 through donations. pnts and contracts to fund our work. £751,686 of this came from our main statutory partners. the South East London Integrated Care Board (NHS) and Lambeth Borwgh Counol. Afvrth8r £185,576 was g8nerdted Ihrough other fundraising aLviiies, IndudiNJ from grant-making bodi8s. charitable donations and diallenge events. We have been prfvileg8d to have the ongolng support of a number of Trusts & Foundations who hava enabled our Vrk through the challenges of the past year. We have benefiked not just from their ffinanoal SUPFKtyrt but also strong and supporbve relationships based on dralL>Jue. mutual leaming. Ilexibilty and a o)mmltment to defNering impact together. We are particulady grateftl lo Iwr longslandirKJ supporter& The Stone Fawily Foundation. the Walcott Foundation and Sir Walter St John Edu(ational Charity. Mosaic's )rpOrate parlners have once more played an IMrant role in the work that we have earr%d out over the past year. offedng supFort ranging from financial support to grfts in kind and opening up employment or trainlng opportuniles for our members. We also continued to benefft frn a partnership Pret 8 Manger who provided training and employmenl opportunities to our members. As wSth evewlng at Mosaic. our mernbs are an important part of our fundraisir4J work Our fundtsising group continued to provkje invaluable research and Impart measurement acuvities over the last year that ha8 infomied deThsion making and our approach to fundratsing. Momb3 are leaming how to draft applications to prospective funders and identify and plan communty events. Our biggest single fundraising event is The TCS Ldon Mwathon. We were fortunate to havg 11 runner3 in the April 2023 edition, who bethen them raised £21.694.85. We are registered vlth the Fundraising Regulator and adhere to Ihe hlghest starKlards of fundraisiro practice. We contlnue to promote fjjndralsing good practice and monitor furnlraising efforts In line wllh Ihe Fundraising Regulator and of Fundraising Practice and with charity Commisslon guidance. Mosaic Clubhouse has received no complaints relaUng to its fiJndraising athiiles during the year 2022r2023. We do not employ an exiemal fundraising agency or have any dedicated u)mmunity fijndraising capaiity. and onty raise a proportionately small amount of funding from (x)mmunlty events. As we look to tha future. we are committed to diversifying our inoTh Sour to safeguard the organisation's financial fvtU. We ara ci)mmiit8d to deepening our engagernent with all our supporters and wlll provld8 new and compelling UpwnItIeS lor more indNiduab. organlsations and grant-making bodi98 to be activety invofv8d in Mosaic Clubhouse and our incom generation. The Board have allocated further funds invest further in our fundraising capacity. From ety fvgri12024. tsvo ftAl4irne staff fomi Ihe fundrdising team. with daily support from our members.
MOSAIC CLUBHOUSE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 . 449 Attended Mos8 over th8 year . 87Yo of members Wld recommend Mosaic clUbU88 to fr15 a1 famity. 23 memberys secured pald employment with Mosaic's supp. 43 members started an extemal course. 70 members accessed classes at Mosai 99 members were invofved In Ihe deslgn, manag8menL r8vknI and developmenl of th8 seNke. 181 peer led workshops were deltvered. 25 intemational collaagues trained at Mosalc. from 9 aubhwse5 around the workl. 7 welbbeing drop Ins were hosled during the year. working with a l(Kal GP 34 people attended these drop ins. gettlng support with tt1r physical heal 932 vtstts were made to Ihe Infomiatlon Hub Straleglc Obiectlv08 for 2023124 and how thoy w•r• MOL 1. To secure a lOnrn contrarA arKI rM)sition as pwt of the Lambeth mental health aulance. We are pleased lo report a new fjvtr&ar contrart was slgned between Mosaic Clubhouse and Lambeth Borough Coun(xl. to Commen on 1st Oclob8r 2023. The prrKess to ag the contract involv8d detailed discussions on the contract specification. setting out what Lambelh 8xpect of us. The ngw cA)ntract focuses on 8mployment outcomes for our member5. The Counial are also keen to see more detall ¢YJ how we record (ur impact: setting out the diffarences in wellbeing we make to our members. We are pleased lo also be lo)king at tha feasibility of opening up the café for greater use by the k>¢al o)mmunty. Provislon ftjr the Evening Sanctuary SeNic8 has bean induded in the specificatlon. Thls wdl give us great fi8xibllty in how w8 manage the day arKI evening services and the cross over b8tween the two. The new speaficauon provides the sw to doliver a new, largetsd. Hospital In Reac wvi*. targeted at IhLw who are frequth &lfflilted. for whom attend at th8 Sanctuary may heFp to prevent fuwlher IKJSPitalisatton. 2. To ralse our profi, arKI that of Ihe ClUbuse model: l(xxlty. natic¥lY, aThl intemationalty. It has b88n a very busy year our Ct)mmunieations Team of staff and rneMbe. The team publish st)ries on our social media channels every day about cwr memberfs achwments and about the Clubhouse in actlon. Our profile was tx)osted considetabty in June with the visit of HRH Prtnce Willlam, to launth The Royal Foundatron's 'Homewards' Initiative to tackle homelessness. We are delighted that the prin.9 team chos8 Mosak for the launch, and we featsJr8d on all national and a range of intemational broadcast news ¢hanneL%. Clubhouse Colleagues from a3 far away as USA a1 Australia COngralated us the coverag8. Mosaic Clubhouse vtss pl8as8d to feath in The fvnos He81thcar8 Comml&von rert in November 2023. We featured in a speci81 section of the menlal health chapter. as an vAample of innovativ8 health care arKI a8mative to hospltal and dinical inleNentions, Other highllghts induded th8 renewal of our Acueditation wlth clUbhSe International. We We awarded thr88 years full accreditatlon. providing quality assuranc8 for r funders. supporters and everyone in the Mosalc Communty.
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 3. To develop and deliver an employment offer that r8fiects member aspirations arKI local employment needs. We are dellghted to report that our programme of Transitional Employment Plarnents ITEP) ha5 Steadily risen during the year. We are working with South London and Maudsley NHS Trust and Morfey College on Ihe dev81opment of new placements. The Employment, Education and Infonnation Unlt have produced regular Job Bulletins to highlight vac8naes avallable in the communlty. CV writing dropins and otherjotrrfdated skills WOfkshop5 were available to membets thn)ughout the year. A total of 22 members gainéd paid employment during the year, induding TEP. supported placements, Independent employment. and selfmployment and apprenliceships. Ly)th full and pw14ime. By MarGh 2024. wg supportlng a total of 46 mambers in work Employment will contlnue to b8 a focu5, especialty helplng those rylh the greatest barrier8 to finding work. W8 are keen to strengthen our focus on sustainable employmerrt, ensuring that members who experience TEP for 51x to nina months can continue to reap the financial and heath beneffts of %vorknng. Oiher opportuniti8s, induding our work with Cygnet Churchill have been reviv&J and we hope that in 2024-2025. we will (x)ntinue to grow our 8mployment work and aim to offer 20 TEP by March 2025. 4. To strangthen and dfversty our fvr¥Jraising and Sour of income. We were delighted that many of our funder5 Pdged to ntinue Iheir support during th8 year. This espeoatly ensured thal our work with young adults (x)uld Gontlnue to grow. We would like to thank Sir Walter St John Charitsble Trust for continuing to support our young adults programme by renewing a three-year grant. After many years of very valuable SUPP)rt. we were d8lghted that The Stone Famity Foundation were ablg to support us for another year. During the year. Ihe board made the decision to invest n fundraislng throu tha creation of a new role of Fundraising CTrordlnator. The ftYS of Ihis role V*ill be lo ID)k at areas of fijndralsing that have remalned under explored by mosa in the pasL These include developwig a group of individua d(orS. looking at communlty fundraising and developing stronger links Vdith Ioc31 business and corporate supporters. By March 2024, our London Marathon Team of 7 runners had raised over £18,000 ahead of the evpnl in April and were set to beat the total raised by our 11 runners in 2023. (Further details are in the fundr8ising section of this report). 5. To implement tha recommendations of the 2021 Comnwnity Convetsation on Ra Inequalities. Our work on inequalities at IAosaic strengihened with the ntnUed hard WO of our Equalitles and DNersty Working Group, featuring membets and staff from acmss the work UnTts. The grDUP had a dear agenda to help Mosaic develop improved staff recruitment processes. better member inductlon. improved board recruitment and Induction and developing wr monitoring systems. Our 'Pride In Practice. Award. recognising ow work in suptK>rt of LGBTQIA+ members was renew8d in earfy 2024. W8 ntinue to celebrate tha (wliural diversty of Mosalc Clubhouse1hrough the Cultural Events Calendar, a Trustee4ed initiative. This welkestablished prngrdm engages staff and members in sharing national dishes and cultural traditions. strenglhening our inclusiv8 Ix)mmunty and raising Mosaic's profile in promoting diversty. Prforitles for 2024r25 1. To renew our strdtegic plan for a further three to fve Y$. 2. To strengthen aNI diversify i)ur fvndraisng and Sour of income. 3. To develop and delNer an employment ¢)ffer that refieds mamber aspirations and lorAI èmployment needs. 4. To Inmsè access to the Clubhouse for Lambeth fesidents.
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Partnor5 Our path8rs offer a rang8 of ser¥l¢es induding support afound env10t oPponIe$ and sockql and creative athStl95 that are vital to overall well beiw. as well as crisis advice and finandal suppyL Barclays I(X)n Steps Biixton and Clapham Park PrfmaryK Care Net4vork KInS College Hospital King College Loncl)n Kn8c(x) Tralning The Pret Foundatton The Prlnce's Tn48t BftKton Re81 Pathwa26 Brockwell Greenhou8e8 Park Paws and Pause Communty Br(x)k Raw Sounds Lamboth Living Well NetworkAIlian Redlhread Lamb8th Hospttal Lambelh Liviry Wem Collaboraove Lwnb8lh Made Centrepoint Centre 70 Shetter Clubhouse Intemational SHARP Gallery Lamb8th Smoklng Cessation LEAPSLaM Recovery Collage Confronting Conlllcl LG8T F(ndatI {Prfdè in Pra¢lice) SLaM votIOnal S8rvice8 Solldarity In Crisis Livty Cr8ative Voices Collectiv8 Cygnet Churthill Hospital Dress For Success F(¥Jtball L8ague SPEAR Resuryo Spt St Lukes Hub Department for Wtyk and Pensions London Cty Alissi( L<)rrak)e Heitt House Lwghtrwh Farm Every PourKI Counts Magdalen Farm Media Tnt St Matthew Project 198 Gallery Go(xl People Good Things Foundation (NationalN Oatabase Inllative) GT St8wart Solicitors & Advocates National Voic8S Coll&38 Thames Reach Trussell Trust Tulse Hill Communlty Advlce Guys and St Thornas FoundaUonNazPrnie(* Trust (H8althier Lrfe8tyles Project) opprtUnIty LambBth Volunteering Matters Healthwatch Lambeth Hood Mentslty The Hart)our W811 Centro Wé Rlse Homewards- The Royal Foundab'on yoUj Carers
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnan¢lal revl•w Mosaic Clubhouse's totsl income 2023124 was £1.057.042 {2022123 £1.077.826) o)mpri5ing £48,735 restrided income (2022123 £44.960} arKI £1.008.307 unrestricted and desKJnated income (2022123 £1,032.836). Total eXPditure decreased by £3,336 compared to the prior year. Expendthjre being consistsnt with the prior year is in1Sne wilh expactations as operations and attend8nc* has m8lured following th8 relum from lockdown. The Trustees have (x)nsldered whether ssIble events or corKJitions mbjht st significant doubt on the abilty of Ihe Charlty to continue as a golng concem. This assessment has been made for a perfod of at least one year frorn the date of approval of the financial statements. The primary area of unc£rtainty under review has been concems over the level of support from our main fundeT. the contract LambethlNHS. It has been known for some tim8 that funding arrangements for NHS providus of mental heallh serwces in Lambeth V11 chang8 the new 'Alliance' arrangement. Originally anticipated to go live in 2020, contracting activty was ddayed due to Covid-19. The comfflissioning teatn at Lambeth ren8wed the Charitys existing ¢otitraGt and at that time extended its tem by 24 months from October 2020. sin Decèmber 2021, the charity had been in detailed discussions with o)mmissioneTr and the o)mmissioning team about a futura contract. Thes8 discussions have condud8d resulted in a five year contrad (3 year, plus 2}. mmencing on 1st October 2023. Previous concems over the level of supwrt from our main funder, the wntract with LambethlNHS have signfficanlly reduced. The award of a fve year contract. (3 years + 2 years) in Ociober 2023 prowdes the Trustees with a greater level of assuranc£ that the charty will remain a going c4M. To help the Trustees, assessment strBss scenarios were (xJnsKfered as part of the budget building process. which incJud8d estimates for realistic wo1 case finanual consequences the Chanty from a reduciion in incom8 andlor incr8ase in expenses. These were updoted pri(Y to approval of ts fncial ststements and demonstrated continuing strong18vels of cash reserves. Th8 Charity therefore continues to adopt the going concem bass in prepamg ils finala1 statem8nts. Remuneration pollcy The remuneration polity for key rnanagement Fersonnd is (xlStent wth the pay pow for all employees.. Mosaic Clubhouse aims to pay sllghtty atx)ve London market rates for tharity Staff al a similar job lev81 lo ensure ihat W8 continue to employ and retain good qualty staff. We believe this apprcMch leads to long temi cost savings as a resutt of reduced staff tumover and fadlilates knowledge and S11 development among our employeas, leading to Ihe delivery of a beltèr quality service r our benefic48ries. The Board of Truslees reviews pay for the Chief Ex8culive and employees annually. The senior management personnel of Ihe chaiity currenlly mpriseS the trust8as (who are not remunerated). the Chief Exete. tha Grants and Trusts Managar and the Pro9ramm8 Manager. Reservès policy To meel the Chartty Commission's guidance on resep48s and in line with best practice, trustees are required to build and maintain free rvJerves available to meel potential gen8ral mM[1[ts (as OPFosed to restricted funds given for specific purposes). These reseNes need to be distrbutable reserves and relalively quickly realisable for the charity (represented by its undesignaled unr8Stricted funds}. Mosaic Clubhouse's policy is to bulld and maintain raserves that would allow continuatw)n of operations for up to six monlhs, possibly wtth a redUd total exp8nditure. The Board of Trustees reviews Ihis policy anally. As at the date of tha dosing balance sheet there were free reserves of £206.484 (2022123.. £367.647). In extremis, were income from all sources to cease, the closing rese8$ would allow mIal¢ to continu8 all ¢ore services for a period of approximately three months. This could extend towards six months when laking acwunt of the reducb'on in ser4ices that vnuid occur, tog8ther with related expenditures. during a gradual placing of members in other servlces across the p8ri0d. The Board ther6fore nsKIerS the current18vel of reserves to be in line with the wlicy. In addition to free reserves in the general fund, the trustees have dwnated funds totalling £34.052 set asid8 for specific purposes. These ¥e set out in notss 19 & 20 to these accounts.
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Prfncip81 fiinding sou&S and fundra1ng Funding from lamb8th Borough CnCil and South East London Integrated Care (formerfy Lambath Cllni¢al Commissioning Group (CCG)) einueS to be our main source of funds. 26.5% of th8 total 202312024 IncomirvJ resources was generdted from other sources {2022r23: 25.5%). Induding grant rnaldng Income, charitabl8 donations and self-genardted In¢¢)me frn tha 1¥k81¢ Cafe. room hke aThJ training fe8& Facto likety to affect futuTr finanCffalp8rfanGO As a Board we are working wlth parthers to support our PTloritras. We are aware that there may be increasing rastralnts on statutory 8xperKliture, which is a key reason for our conllnued exploration of other p)ssible income streams. Based on our track record of fundraisFng to date, the Board is confident that we will continu8 to achieve slmilar18V8b offundlng from nonknststutory and other souw n the yw ah8ad. Th8 Board of Trustees therefore places on re¢ord its gralld& on behalf of membern for the finanoal support racelved In th8 year 8nded 31 Mah 2024 frn all of cr funders induding trusts. fojndatlons, grant4naklng bodies. companies and indivlduals listed earlier in Ihis retx)rt (Partners & Supporters).
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 stTUCturo. governance and management Shad decislon-man9 and shared govemance are an Im[ant part of Clubhouse WOTk. Mosalc Clubhou88 ha8 an independent Board of Trustees that has ultimate responsibility for the Clubhouse. This is supported by IMO subcommitlees focused on Communication and Development and Finance and Perfomwnce. Members of th8 Clubhouse are also Trustees on the Board and its su0MmitteeS. Members and stsff ragularly meet in open forums to discuss policy issues, and day4(>iJay operatnal activities of ihe Clubhouse and thes8 infofm Board discussions. The Board of Trustees are satlsfied that Mosaic Clubhouse demonslrably meets the Charity commiss1t'S guklelines regarding delivering public benefft. The financial statements comply with Crre statutory rèqutrements and the current ststement of Recommended Practice. Accounling and Reporbng by Charities. and are subject to annual extemal audit in line with the Charwes Ad and Company Law requirements. We have referred io the Charity Commission's general guldance on public benefit when revievAng our aims and obiectsvas and planning wr future acbwtses. In partlcular, we have COrldered how planned actlvities 711 contribute to the aims aj objectives that W8 have set. Th8 reference arKI administrative details set out on page iwo fi)mis part of Ihis rep Mosalc Clubhouse Is a Charitable Company Llmtted by Guarantee. InrpOrated on 15th July 1997 and registered as a charity on 25th Septsmber 1998. The company vms established under a Memorandum of Association, which established the objects and PerS of the charitable company, and is govemed under its Articles of Asso¢iatlon. In the event ofthe ct)rnpany being wound up. members are required to conlribute an amount not exceeding £1Q. The Trustees, who are also the direclors for the purpose of MpanY law, and vtho sgrved during the year and up to the date of signaiure of the financial statements weTe: Lucy Hastings Shane Carmichael William Brett Patrick Gi118spie Joanna Hawoth Segun Jegede James Kavanagh Nash Rajan Mary Robertson Joanne Saunsbury Jefy Wong Mark Hubbard Sharon Brooks {Appointed 1 April 2023) (ResKJned 1 April 2023) (4>pointed 16 ne 2023)
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recruitment, appointment and trwnlng of ISte9$ The Dlrectors of the company a also tharity bustees for the purposes of charity law. Under th8 r8qulr8ments of the Memorandum and Arttles of Assooation. one third of th8 trustees who are Subject to retlrament by rotation retire from office. trustees to rettre by rotstion are those who have been longest In office Sin their last appointmenL after which they may be at the nextAnnual Meeting. Trustees of Mosaic Clubhouse have lopted the folltraflng recruitment process for new trustges: . All vacanctes extemally advertised via local chamels (e.g. social media, local communty boards) . knterested parties are invited to have an infonnal rmversation with the Chief ExatiVa They are invited to complete an i¢ation fomi. They ar8 gfven a tour and Ihe opportunity to meet members of tha communty. . Thay fornially meet wlth at least Iwo trustees and a Clubhouse member for an inierdew. . The inteNi8w panel rnIn8te the successfvl carxlidale to the wlvjle Board for approvol and app(Nntrnent. All new trustees recelve infomiation about Mosalc ClubPK)use induding recent marbagement ac(x)unts: cent board minules and agendas,. business plans. Clubhouse standards and recent newsletters. Tnjstees are encouraged lo spend some time in the Clubhouse and are appointed ID a Board sub<ommitt88 to enable them to get a better UrndIng of the Clubh*JJse. On an ongoing basis trustees are also glvan the opportunty to attend and take part in Clubhouse Colleague Training abroad, or in-house. Th8 Board of Trustees also seeks to ensure that the skills and experience held acTr)ss the Board's memb8rship are appropriate to 81 the needs of the Clubhouse and ts member5. In order to do this, all trust88S ¢¢Jnplete an annual skn118 aud whlch gives an upto4late wciure of sknlls TrentlY on the eoard. Th&8e are measured against th& skilts that are needed. A quarter of Trustees are elected from the Clubhouse memb8Tshlp. At the time of Wrtting. three twstees are member8 of MosaiG Clubhouse out of a tolal of twthe. Day-to4ay reSp(sibIlIty for operational delivw is delegated lo the Chlef ExeoJlive. Th8 Chief Exe(yJUve is reSnSIble for ensurtng that the Clubhouse delivers against its objectives and the SeiCe requirements of th& funders and meets Clubhouse Standards The companys current poFiGy conceming the payment of trade ¢redrtors is to follow Ihe CBI'S Pro1 Payers Cod8 (copies are availatrAe from th8 CBI. Centre Poirt 103 N8w Oxford Stree( L(dOn WC1A 10U). The companys CUTrent p)licy conceming the payment of trade i¥edith is to: . settle the tems of payrnent wtlh suppliers vthen agreeing the tem)s of eath tran5adion: • ensure that suppliers are made aware of the tenns of payment by IndusM)n of the relevant tern in ccx)tra(as: and pay in accordance wlth the companrfs ntraCtual arKI other18gal obligatlons. Trade creditors of the company at the yw end ware equivalent bj 15 davs purchases. based on th8 average dally amount Invoiced by suppllers durfng the year. 10-
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other m8tt6rs ional Structure Day-tcpday responsibility for operaticinal delivery is deleg8t8d lo the Chief Executive. The Chief ExeGutive is responsible for ensuring that the Clubhouse ddivers against its obJectiv85 and the seNice raquiremerts of the funders and meets Clubhouse Standards rinci l risks and The Board of Trustees o)nducts regular semi-annual reviews of the Maj rfsks to which the L*arity is expos8d. and all 0th8r risks Contain in the corporate risk register. The rewews indude ¢onsider2tion of appropriate control Systems and procedures to mrtigak risks to 8pIable levels. where relevant and possible. As part of this process th& Board revtews and approve$ relw4ant policies on at b8ast a biennial bagls. Cuffent policias indude, for example. controls that seek to secure the charitS finances against risk of fraud and ensure rnplianca with health and safety regulalions for staff. voluntsef4 dients and visitors. In its most recent review, the Irustees identtfied the followirvJ as the key risks aThJ uncertalnties currenly faced togather with their mbtigating actions: Our top risk is that wlll do not rais8 sulficient knds in an inInglY challenging enifjronmènL Our Grants and Trusts Fundraiser has developed a detailed plan and pipeline for funds to run into the 2024-2025 financial year. The situation was fvrther miligated by the rUItMent of a Fundraising Offi(r, which has increased our paty to explore new inwme sources. Stsff recrultment ts)ntinues lo present a tha118nge to Mosaic Clubhouse and others in heatth and social sector. Our tumover does not present a cause for concem Ixjl we are aware that appllcations for vacant posts ar8 fewer than in recent years. Several aspects of the reuuitinent proces5 are revw. where Y adverllse, the qualty and darity of the Infomiation packs and job descriptions, the speed of the prOS etc. The market Is CUenY favoLKable for job seekers and V are aware Ihat we need to maintain an attradive offer to potential candidates. Benchmarklng against similar roles locally shows Ihat th8 salary for 8n Engagement Worter compares favourably with others available, which typicalty offer a starting salary of around £27k, mPared to our offer of £33 We plan to introduce 0th8r staff beneffts and polKies during 2024 to aid rocluitrngnt and retention of staff. Management and control of staff costs can cause 5plkes in ojst. particularfy with the nead to m8intain a Service for our Evening Sanciuary Crisis support S81vice. We are contracted to have to the service available seven night a week and cover staff illness and holidays with bank staff. The staff costs in the budget for 2024-2025 vas the resuli of detsil&J assessment of our staffing need5. Longer term de¢islons will b8 made once we know the outrLJme of key fuThlkng requ8sts. Cost of living- the continuing high cost of Imng presents challenges for i)ur members and stsff alike. We are I(king at ways lo (xrt our speThJing and rent 'cllmate fr18ndly' actions have helped (stopping the use of packaged, IndlvidLAI porbons of condiments in the café fcy example). Wh8r8ver psIble. we VAII support m8mbers to access financial support. and as ever will hdp with flyxl when needed. 11
MOSAIC CLUBHOUSE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statemènt of Tru8taas' rosponsobllltles Th8 Tru8tees. who are also the directors of Mosaic Clubhouse for the purp088 of company law. ar8 rnsponsible for preparlng the Trustees, Rert and the finanaal stalements in afa>dance with appllcable law and United Klngdom Accountlng Standartls {United Klngdom Generally AcixptsdA(xxJunllng Practlce). Company Law requires trE Trustees to prepare (?a1 Staterne for eath finandal year whlch grie 8 true and fair wew of the state of affairs of the charity and of the incoming feswrces aNJ applicatson of resources. includlng th8 in¢ome and expendilure. of Ihe d)arilat4e coMpY for that year. In preparing these financial staternen the Trustees ar8 rewlred to: - sel8ct sultable accounting polic aNI thw) apply them cMsi5tenlly: - observe the methods and windples in the CharTtios SORP: - make judgements and eslimates thal are reasonable arxl pnKlenL' and - prepare the finanoal statements on the golffj ccffl(xn basis unl8ss tt Is inappropTrate to presurrn that the charfty wlll continue in opernlion. Thg Trustees are respMsible for k88plng adequate a(xxJunting r80)rds that dlsck)se with r8a8onable a¢curacy at any tlme the financial posotlon of Ihe tharity and enable them to ensure that the fjnanc4al statements CoMY with th8 Companies Act 2006. They are also responslble for saf8guarding the assets of the charity arKI hence for taklng reasonable steps for the prevenlion and dekdion of fraud a1 other xrewlariks. In 50 far as they are aware.. - th8re is no relevant audit information of whth the charltable CoMpanS auditor Is unaware; and - the trustees have tsken all stsps that they ought to ha taken trj make themselves aware of any rajevant Informatlon and to eStab[h that the auditor ks awwre of Ihat informatbn. Auditor In accordance with the conyanys arlides, a resalutN>n proposing that MHA be reappointed as audibr of the compary wlll be put at a Geral Meeting. PropaTatlon of the rnport Tho reprxt has been prepared lak&vJ thnlage of th8 small mpleS. exempti of 88th 415A of the Companies Act 2006. The Trustees, report wa8 approved by Ihe 8o*d of Tfttstses. Lucy Hastings 12-
MOSAIC CLUBHOUSE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MOSAIC CLUBHOUSE Oplnlon We have audited the financial statements of Mosaic Clubhouse (the 'charftable rnpan) fDr the year 8nd8d 31 March 2024. which comprise the Statement of Finanaal Activibes. the Balance Sheet. th8 Statement of Cash Flows and rK)tes to the financial ststements. induding a summay of Signifint acGounling pollu8s. The ffinanoal repjrtlng framework ihat has been appl in their preparation applitsble law and United Klngdom Accounting Standards, including Financial Reporbng Standard 102 The Financial Reporting Standafd applicable in the UK and Republic of Ireland (United FQngdom GeneralACCepted Accounting Practice). In our opinion the financial sL2tements: give a true and fair wew of thé slate of Ihe charitable Pan¥S affairs as at 31 March 2024, a1 of its Incoming r8sources and application of resources. including its InGom8 and expendtlure. for the year then ended., have been proparty prepared in accordance wlth United KgdoM Generally Acceptéd Accounting Practse; and have baen prepared in rdae with the requirements of the Compani88 Act 21x16. Basis for oplnlon We conducted our audil in accordance with Intemational Starwjards on Auditing (UK) (ISAS (UKI} and applicable law. Our r8sponsibilities under those standards are further described in tha Auditoffs responsibiltlies for the audit of the financtal statements sedion of our report. We are independent of the chaTitabl8 MpanY in acCance with the ethi1 requiremnts Ihat ar8 relevant to our audit of the financial ststsments in the United Kingdom. induding the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethi(al responsibiliiies in accordance with these requirements. We believe that th8 audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to golng Conrn In auditing the finanual ststements, wa have (x)ndled thal the trust8. use of the going o)nc8m basis of accounting in Ihe preparation of the financial statements is appropriate. Our evaluati of the Truaees, assessm8nt of the entivs abilty to contmue to adopt the going c(mcem basis of accounting includ8d cfitic81 reviews of budsets and forecasts proded. Bagd on the work we have perforn, we have not identified any material uncErtainties relating to events or onditions that. individually or ¢xlledively, may cast significant doubt on the charitable companvs ability to Continue as a gng COnM for a period of at le85t twelv8 monlhs from when the financial statements ar8 authorised for iSSU8. Our responsibilities and the responsibilltl8s of the bvstees with respect kn going corKem are des¢ribed in th8 relevant sections of this réport. othftr Infonnation The Trustees ar8 responsible for the other inf0rrna1lL. The other infomats'cfft cpmprises the Infonnation Induded in the Annual Report olher than the fjnancial statements and our Auditols Report therèon. Our opinion on the financial ststements does not covar the other information and. 8XC8pI to the extent otherwise expliatly stat1 in our report. we do not express any forni of assurance conclusion themn. Our responsibility is lo read the other inforTnation and, in dolng so, nSider whether the 0th8r infofrnation is materially Inconsistent vrith the financial statsments or our knowledge obialned in th8 course of the audr(. cf otheTvAse appears to be materially misstated. If we identify suth material Inconsistend8s or apparent matedal misslatements. w8 are required to determine whether this gNes rise to a material misstatement in the financial ststements thèmselves. If, based on the wts w8 have p8rfomied. v condude that there is a malerial mlsstatement of Ihis other infomiatbon. we are required to report that facL We have nothing to retDrt in thls regard. 13-
MOSAIC CLUBHOUSE INDEPENDENT AUDITOR'S REPORT (CONnNUED) TO THE TRUSTEES OF MOSAIC CLUBHOUSE Oplnlons on other mattors pres¢rlbed by the Companios Act 2006 In our opinlon. based on the work undertaken in the course of our audit: the infonnatk)n giv8n in the Trust8es' report for the finanaal year for whlch the flnanc5al statements are prepared. which indudes the directors, report prepared ft)r the purposes of company law. is consistent wilh the financial stat8Thnts: and the directors, report Included within the Trust88s' report has be prepar8d in accordanc8 applicable legal raquirements. MatterJ on whlch we are requlred to report by excepllon In Ihe light of the knowledge and understanding of the charfty and its 8nvironm8nt obtained In the course of thg audil. we have not identifd matgrial mlsstalements in the director8, report indud6d wlthln the Trustee5' report. We have nothing lo repM)rt in respect of thg f[oWing matters in relalion to the Charthe5 (AUnts and Reports) Regulations 2008 Trquire us lo report to you rf. in our oplnion: adequate a¢countSng records have not been kept by the cknritable company. or retums adequate forour audlt have not been received from branches not visltsd by us: the charftable CoMpanS financial statements are rKrt in agr88mw¢t with the ar>J)unling re(x)rds and r8tums: or crtain disdosures of Directors, r8mLmeratton specified by law are not madè,. or we have not received all the infomiatlon and explanations we require for our audiL' or the TnJ8le8s were riot entitted to prepare the ffinancial stalements in accordan with Ihe small companies rggim8 arKI take advantage of Ihe sm811 (x)mpanles' exemptk)ns w) preparing the Trustees, reporl and from the requlrement to prepare a strategic r8port. Responsibilltles ol Trustees As explainad more fully in the s&ement of Trustees, responsibilities, the Truste88. who are also the directors of th8 charity for the purpose of company law. are responsible for the t¥eparation of the finandal ststemenis and for being sarfsfied that they give a true and fair view, and for suth intemal contml as the Tntstees determine rs n8C8ssary to enable th8 preparatton of finandal slments that we frae from n131 rnisstat6m8nL whether to fraud or error. In preparing the financAal slatements, the Trustees are reswnsible for assessing the tharity's abilty to continue as a going conc8m. disclosing, as applicable, matters related to 90ing concem and using th8 going concern basi5 of accounting unless the Trustees either intend to liquidate tt)e charitable company or to ceas8 operations. or have no realistic altemalive but lo do so. Auditors r88ponslbllltles fortho audit of the Ilnanclal statements Our objectlves are lo obtain reasonable assuranca alxxrt ether Ihe financial StateMts as a whole are free from material mlsstatement. wh8thw due to fraud or err, and to issue an audftofs report Ihat indudes our opinion. Reason8ble assuran a hlgh level of &%8urance but is not a guarantee thal an audit conducted in a¢¢ordance with ISAS (UK) will always detect a material misslatsment vthen it exists. Mk8slatements can arise from fraud or error and are Gon3idered material rf, individualty or in the aggate. Ihey c4Juld r8asonaNy be expected to influence the econornic deasions of us8rs tsken on the basis of th8se finanaal slatements. The 8Xtent to whlch our procedures are capable of detectlng irregularitios, ndudlng fraud, Is detailed below. 14-
MOSAIC CLUBHOUSE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MOSAIC CLUBHOUSE Irregularflles, Including fraud. are InStanS of non-MplIan¢8 with laws and regulations. We design procedure5 in lin8 With our reswnsibiltties, outlined atM)ve, to detect material missLgtements in resped of irregularlties, including fraud. The extent to which our pr(edureS are capable of detecting irregularities. induding fraud is detailed below: Evaluation of the design of rnanagemenys Ixjntrols d8signed to prevent and detect irr8gularities. RevlavAng minutes of meetings of those charg8d with Vernan(, Testing unusual or unexpected pjumal entries. particularly those impacting revenue. and Challenging assumptions arMJ judgements made by management in respect of signlficant accounting estimates. Because of the inherent limitations of an audi( there is a risk that we will not detect all irregulafibes, induding those leading lo a material misstatement in Ihe fnanctal statsments or non-ojmpliance wlth regUlaon. This risk increases the more that compllance a law or regulation is removed from the events and transactions réfi8cted in the finanual statements. as we will be less likely to becorne aware of Instances of nOTrMplianCe. The rfsk is a180 greater regarding irregularitses OWAJthng due to fraud rather than error, as fraud Involves intentional con¢ealmenL forgery, collusion, omission or nisrepresentation. A further desuiption of our respsIbilit$ is available on lh8 Financial Reporting Counal'5 website aL" http8:11 www.frc.org.uklauditorsreswn5ilJlllies. This d8scriplion fomis part of our auditols r8port. Use of our report ThÉs reFK)rt is made solely to the thanVs truslee& as a body. in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that W8 might state to the charitvs trustaes those matters are required to state to them in an auditorfs report and for no other purFx)se. To the ful51 extent permitted by law, we do not acc8Pt or assume responsibilty to anyone other than the charlty and th8 chaiity's trust888 as a b)dy, for our audii wo. for this rewt. or for the opinions we have fornd. Blanca Sifva BAACA DChA (Senior SlalutryAuditLY) for and on behalf of MHA, Statutory Audltor Maidenhead. United lfjngdom Date: 9 December 2024 MHA is the trading name of Maclntyre Hudson LLP. a Ihmited15abilty partnership in England and Wales (registered number OC312313) 15-
MOSAIC CLUBHOUSE STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Currnnt flnonclal year Total funds funds general deslgnatod 2024 2024 funds 2024 2024 2023 Income from: Donations and18gades 141.339 141.339 119,064 Grants and Contracts Café Mosaic Clubhouse Mcwjel TrainlrKJ Other Incorne 751.731 38.640 48.735 800.466 38,640 70,613 1,695 892,137 35,830 24.148 4.899 70.613 Investrnents 4,289 4.289 1,748 TO£ Income 937.694 70,613 48.73S 1.067.042 I.OTI.826 Expendhuro on: Ralslng funds Charltable activiti8S 44.313 1.054.¥27 44,313 1,158,828 32,916 1,173.561 62,655 41.246 Total oxpendlturn 1.099.240 62.655 41.246 1,203.141 1.206.4TI Net incomel(expendlture) (161,546) 7.489 (146,099) (128.651) Transfers beiween funds {383) Net movement In fi•nds (161.163) 7.575 7.489 (146.099) {128.651) Ro¢onclllatlon of funds: Fund balances at 1 April 2023 367,647 26.477 10,615 404,739 533,390 Fund balances at 31 March 2024 34,052 18,104 258.640 404,739 The statement of ffinancial aclivibes includes al galns and losses re¢ogni5ed in th8 yew. All income and expendlture derive from c¥)ntinuirKJ activities. 16-
MOSAIC CLUBHOUSE STATEMENT OF FINANCIAL ACTIVMES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prfor financial year Unrostrictod Llnrestrl¢ted Restrictod funds funds funds genernl dosignatod 2023 2023 Total 2023 2023 Notes Incomè from: Donatlons and legaa8S Chari Grants and Contracts Café Mosaic Clubhouse Model Training Other Income 119. 119.064 847.177 35,830 892,137 35,830 24,148 4,899 24.148 4.899 Investmènts 1.748 1,748 Total income 1.008.718 24.148 1.077.826 Expendlture on: Raising fijnds Charitable aclivltles 32,916 1,078,929 32,916 1,173.561 49.130 45,502 Total Wndure 1,111.845 49,130 45,502 1.206,477 Net Income (103.127) (24,982) (542) (128.651) Transfers befftn funds 41,611 (42.487) 876 Net movement In funds (61.516) (67,469) 334 (128,651) Reconciliallon of funds= Fund balances al 1 April 2022 429,163 93,946 10,281 533,390 Fund balances at 31 March 2023 367.647 26.477 10,615 404.739 17-
MOSAIC CLUBHOUSE BALANCE SHEEr AS AT 31 MARCH 2024 21)24 2023 Flxed assets Tangible 88s8ts 13 26.094 26.477 Current assets Debtors Cash at bank and In hand 14 56,001 382,519 59,298 428,976 438.520 Crndltorn: amounts falllng du• whhln ona yaar 488,274 15 (205.974) (110,012) N•t currnnt assets 232,546 378.262 Total a880ts less current Ilabilltlos 258.640 404.739 Net assets excludlng ynslon Ilablllty 258,840 404.739 Tha furKls of the charfty R&strlcted In¢ome funds Unrestricted funds- general Unrestrtcted funds - deswnated 18 20 19 18,104 206,484 10.615 367.647 26,477 258.640 404,739 The company is entiued lo the exemption from the audit requiremant Qxttained in seclim 477 of the Companies Act 2006, for the year ended 31 March 2024, alUgh an audit has bgen carried out und8r section 144 of the Charities Act2011. Th• dlrectors acknowledge thr responsibilities for cowing with the requirements of the Companlas Aci 2008 wlth respec* to aCUnting records and the preparation offinandal statements. The members have not required the company to obtaln an audit of its fin8ndal statements under the requlr8m8nts of the Companies Act 2008. for the year in queslion in accordance vAth section 476. These finand81 ststements have been prepared In accordan with the Pfowslons apF4lcable to compani8s subject to the small cornpanies regime. ill li.l..w. The financaal 8tst8ments were approved ty ts Trustees on ..... L,fto? Lucy Hasiings Company registration number 03403522 (England amd Waès) 18-
MOSAIC CLUBHOUSE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operatlng aGtlvities Cash absorbed by operatlons 24 (36.283) (72.754} Investing actlvFtles Purchase of tanglble fixed assets Investment Ino)me receivad (14,463) 4.289 (1,374) 1,748 Net cash (used In)Igenoraled from investing actlvltles (10,174) 374 Net cash used In firwiclng aetmlles Nel decrease In cash and cash equlvalents (46,457) (72.380) Cash and cash equivalents at Winning of year 428.976 501.356 Cash and cash 8qulvalents at ènd of year 382,519 428,976 19-
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polici08 Charlty Infomiat14)n Mosai¢ Clubhouse 18 a prtvate nY Imit8d by guarantse incoorated in England and Wales. The reglstered Offi is 65 Effra Road. LOlld, SW2 1BL England. 1.1 Accountlng conventlon The financial statements have been prepared in a(xx)rdance the chaiitys govemlng documenc the Compani89 Act 2£>. FRS 102 Financa81 Reporting Standard applicbl8 Sn the UK and Republic of Irdand" (°FRS 102.) and the Charities SORP 'Acr4)unting and Reporting by Charities: Statem8nt of Recommended PractTh appli¢abl8 to ¢SMrilies prepariThJ thair accounts In accordanc8 wilh th8 Flnanclal Rewting Standanl applicab18 In the UK and Republic of Ir8larKI (FRS 102). (effectlve 1 January 20191. The charlty is a Public B8n8fft Entity as defjned by FRS 102. The financial slatements are prepared In steding, vthich Is Ihe fctiOnal LrrencY of the dbarity. Monetary amcwnts In Ihese financial stalements are rounded lo the nearest £. The financial statements have been prepared under the hlsioii(xl St cA)nventkJrn The principal aCUnting pdici8s adopted are set out below. 12 Going concern At the t'me of approving the financial statemerty Ihe Trustees hav8 a reasonable expectab'on that the charfty has adequate resources to Mntinue in operational existen for Ihe foreseeable future. Thus the Trustees continue to adopt the going concem basis of a[ting in preparing the financial stat8ments. 1.3 Charltable fvnds Unrestsicted funds we available for use at the discretion of the Trustees in fUrtranGe of their charitable obiectsves. Restricted funds are subject to Speci o)nditions by donors or grantors as to how Ihey may be used. The wwes and uses of the restricted funds aré set out in Ihe note5 to the finan¢4al statements. ErKfowment funds are subject o)ndlltons by donors that the PItal must b8 malntalned by the thlty. 1A Income Incxjme is recognised when the charity 1$ legalty enliued to it after any Frformano 0din5 hav8 been meL the amounts can be measured reliably. and tt is probable that ino)m8 VAII be received. Cash donations are recc¥Jnlsed on receipt. other donations ar8 reo)gnis8d once the tharity has been nothl8d of the donallon, unless performance Cond.05 require deferral of the amount. Income tax r8coverable In relation to donations recead under Gift Aid or deeds of covenant is recognis&J at th8 Ume of the donation. Legacles are recognised on receipt or otheNse rf th8 thatity has been rthed of an impending dstribution, the amount is known. and reipt is expeded. If the amount is not known. th8 Iogacrf Is treated as a contingent asset. Govemment grants have been accounted for under the am81 model as pemiited by FRS102. 8ank Interest rece6vable is fulty accrued at the balance sheet dale.
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AoUntIng pollcies {Continued) 1.5 Expendlture Expenditure is reo)gnised once the is a legal or CA)nsbuctive oblvJation to transfer aconomic benefit to a third party, it is probable that a transfer of economic beneffts wlll be rg4uired in settlement. arKI the amount of the oklgatIon can be measured reliably. Expendtiure is dassified by actiwty. The costs of each activity are made up of th8 totsl of dIrt costs and shared costs, induding support costs involved in undertaknng eath activtty. Dired costs attdbutable io a single activty are allocated directy to that acaivity. Shared rnsts which Ca)ntribule to more than one acivity and support costs whith are not atiribuiable to a single vIty are apportioned b8lwe8n those activilES on a basis consistent with the use of resourws. Central staff costs are dlocated on th8 b8 of time spenL and depreciation tharges are all(Kated on the portion of the assevs use. All costs are allocated between the 9XP8nditure (atewries of the Ststement of FinanGial A¢tivilies on a basis designed to reff8Ct the use of the resou. Costs rdating to a partiGular activtti8s are 811o¢aled directly, othèrs are apportlon8d on th8 basis of estimates of the Proporti of spent by staff on thos8 activities. 1.6 Tanglble fixad assets Tangible ftxed ass&ts are initially measured at o)st a)d subsequentty mgasured at cost or valuatlon. net of depreaation and any impainnenl losses. The calytallsan threshold for ed assets is £500. Depreaatlon is recogni8ed so as to writè off the OT vabjation of assets18SS their residual values over their useful lives on Ihe folloryng bases: Fixtures and fittings Computers B81ween 20% and 25% straKJht line 33.33% straight line The gain or loss arisng on the disposal of an asset is detemined as thè differenc between the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalmiènt of fixed assets At each reporting end date. the dArlty reviews the carytng amounts of its tangible assets to detemiina whether there is any indication that those assets have suffered an impaiment loss. If any suth IndaOn exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impaimienl loss (if any). 1.8 Cagh and cash equivalents Cash and equivalents include cash in hand. deposts hekl at call with banks, othor short-tem liquid investments with orTrginal maturlties of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabllities. 1.9 Financial instruments Tha charity has dected to apply Ihe provisicS of Sedon 11 'Basic Financial Instruments. and Section 12 'Othar Financial Instruments Issues. of FRS 102 to all of its fina instrumerrts. Financial instruments are reccMJnised in the ChS balan< sheet when the tharlty becomes party to the contractual provisions of the instnjment. Financial assets and liabilities are offset. wlth the net amunts presented In the financial ststements. whan there is a legalty ènforceable right to set off the Tecognised amounts and Ihere is an Intention to setue on a net basis or tr) reallse the asset and sellk the liabilty sImtaneOlIy. -21
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcies (Condnu¢d) Bas1¢ financlal as80ts Besic finanrAal assets. ¥thich indude debtors arKI o$h and bank bolancas. are Inltially measur8d at transactK)n price Including transaction costs and are subsequenlly carried at amortlsed cost using the effectlv8 interest method unless the arrangement ¢onslitutes a financlng transaction, Ythere the transaction Is measured at the pr&8ent value of the fubjre reLxipts d8Unted at a market r8t8 of interest. Financlal assets classified a8 re(xrvable within one ye8r ar8 not amortlsed. Bas1¢ flnan¢lal Ilabljitles Basic ffinancial liabllltles. induding tredilors and bank loans we Initially recogni8•J at tr8nsactlon price unless the arrang8ment constitutes a financing transactlon, where the debt instrument Is measured at the prnsent value of th8 fure payments discounted at a market rate of inter8sL FInCial liabilitles dassffied as payable within one year are not amortised. Debt instruThnts are subsequenly canied at amortised cost. uslng the effedive interest rate method. Trade ¢Jeditors are obligations to pay for g(hJds or services that have bgen acquired in th8 ordinary course of operations f)rn suppliers. Amounts payable are dassrfd as Cunt liabililies if payrnent k8 due Iwthin one year or less. If not. they a presented as non-fAJrrent liabilities. Tde fftditors af8 reccJnised initially al transacti PTice and subsequenty measured at amortised fyjst using the effectiv& Interest meth(Kl. Derecognftlon of flnanclal Ilabmftlos Financial liabilitles are derecognis8d then th8 Contr81 obb'gations expire or are dL*ryed or ancelled. 1.10 Emplwee beneffts The cost of any unused holiday entItIent is rewnised in Ihe in whid) the employee's services ar8 TeThination benefits are recognised immediately as an exp8nse when the charity is demonstrably Committed to teTminat6 the employment of an erry)by8e or to KKovide termination beneffts. 1.11 Retlrement ben Payments to defined contribulion relirem8nt bfft Schem are as an expense as they fall due. 1.12 Leases Rentals payable under operaling leases, induding any18ase incentivps received, are charged as an expense on a straight line b&%is over the lem of the relevant lease. Crltlcal accountlng •sllmat•s and Judgoments In the appjlcadon of th8 charity's accountlng polic?e8, the Trustees are requirEd to mak8 Judgements, estimates and assumptions aboul the carrying amount of assets and liabililies Ihat ar8 not r8adity apparent from other sources. The estimates an(1 aSSOL?aled assumptions are based on histori experience and other factors that are considered lo be relevanL Adual r&su#s may diffew from these estimatas. The èstimates and undertying a8sumplions are reviewed on an ongoing basis. Revisb)ns to a¢xounting estlmates ar8 recognised in Ihe period in whith the estimate is revised wh8re the remsion affects Ihat period, or in th8 Feriod of the revision and ftrtura periods where the revision affects tth current and future periods.
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crfllcal accountlng estimates and judgenwnts {Continued) Critical Audgements Doprociation The depreciation rate of tangible and intanglbl8 fixed assets as detsiled above. Support Costs Supwrt costs are appb'Oned to direca actiwties based on the direci staff cx)sts dlctated to th¢e activitiés. Income from donatlons and legacles Unrestrici•d Unrestrictad nds funds 2024 2023 Donalions and gifts 141,339 119.064 Donations and gifts The Stone Family Foundation London Marathon Quartet Communty - Osbome Clarke LLP 128,781 6.155 111,503 2,112 333 5,116 6.403 141.339 119.064 -23-
V07>m
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Perfomiance related gfdnts analysis Grants and Grants and Contracts Contracts 2024 2023 London Borough of Lambeth and Lbeth Primary Gqre Trust NHS Larnbeth London Borough of Lambeth: Grant ra rent in(xease NHS South East London ICB Walcot Educational Fund Sir Jules Thom Charitatle Trust Brixton Voic8s: Sir Walter St John Jack Petchey Foundation Mazars Young Members Fund M8mbers Grant Other 669,448 82.283 591,661 177,116 25.900 50,000 12,500 2,500 30.736 1,724 30,735 10.000 {800,466) (892,137) Income from Investmonts Unrestrlcted Unrestricted funds funds 2024 2023 Interest receivable 4.289 1,748 Expendlturn on rdising fvnds Unrostricted Unrestrlcted funds funds 2024 2023 Fundralslng and publicvty Other fundraising costs Staff costs 7.080 37.233 6,300 26.616 44.313 32.916 -25-
MOSAIC CLUBHOUSE NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlturn on charltable aGtlvhies Charltabla actmtlos 21)24 Charftable actlvltla8 2023 Dlrect costs Staff ots Depreclation Charltable activities 675,431 14,846 369.448 689,442 13,850 340,488 1.059,725 1,043,780 Sharo ol •upport and govomaneo Costs (•ee nots 8) Support Govemanc8 26,299 72,804 88.319 41.462 1.158.828 1,173.561 Anaty81s by fund Unrestricted furKls - general Unr8strict8d fvnds - designated R8strlded funds 1.054.927 62,655 41,246 1,078,929 49,130 45.502 1.158.828 1,173.561 Support c(•sls allocated to actlvllies 2024 2023 Staff costs FinanrAal and Legal Consultancy and HR Govemance tx 48,911 23,260 56,873 24.306 7,140 41,462 23.893 99.103 129.781 Analysed betwaen: CharitaLrfe aclivilies 99,103 129.781 Net movemént In funds 2024 2023 The nel m(Nement In funds Is stated after ChargI(cralIa)'. Fe8s payable for the audlt of the charws finandal statem Depreclation of owned tangible fixed assets 16.684 14,846 15,438 13.850
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 TrustO8S None of the Trustees (or any persons comected with them) e1Ved any remuneration during the year, but a total of £88.70 travelling expenses were reimbursed to one trustee (2023- £nll was relmbursed). 11 Employtts The average monthly number of employees (knring the year was: 2024 Nurnbor 2023 Number Average headcount 26 25 Employment costs 2024 2023 Wages and salaries Scdal securty costs Other pension rJ)sts 683,507 61.907 23,370 705.390 66,864 26.701 768,784 798,955 The number of employees whos8 annual reffneratIOn was more than £60.000 Is as follows.. 2024 Number 2023 Numbèr £60,000 to £70.000 Rémuneration of key management personnel Th8 remunerdtion of key management personnel was as follows: 2024 2023 Aggregate cornpensaln 179,603 200,386 12 Taxation The charity is exempt from taxation on its actmties be¢xu5e all its in(x)me is applTred for tharitable purposes. -27-
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tanglble flxed assets Totsl flUIry• At 1 April 2023 Additions 130,718 10.532 34.503 3.931 165.221 14,463 At 31 March 2024 141,250 179,684 Deprodallon and Impalmient At 1 WI 2023 Depredalon charged In the year 104.310 12,593 34,434 138.744 2.253 14.846 At 31 March 2024 116.903 36,687 153,590 Carrylng amounl At 31 Marth 2024 24.347 1,747 26.094 At 31 March 2023 26.408 26,477 14 Debtors 2024 2023 Arnounts falling due within on• year. Trade debtors Other debtors Prepayments and a¢xrued In¢(xne 455 6,174 52.669 52,531 .001 59,298 15 Credlth: amounts talllng du• wfthln one year 2024 2023 Other laxation and sodal securfty Deferred Ino)me Trade credmors Other cyeditors Accruals and deferred Income 11.123 108,854 49,807 11,580 24.610 16,245 56.378 11.086 4,400 21,903 16 205.974 110,012 16 Deferred In¢omo 2024 2023 Olher deferred income 108,854 56,378
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Doferred income {Continued) DeferT8d income is induded in the financial statements as follows: 2024 2023 Defeed income is incliKled viithin: Current liabilities 108.854 56,378 Movements in the year: Deferred income at 1 rf1 2023 Released from previous periods Resources defeed in the year 56,378 (56,378) 108.854 58.648 (58.648) 56.378 Déferred income at 31 March 2024 108,854 56,378 17 Retiromont benefft schemes 2024 2023 Deflned Contrlbutlon schemes Charg8 ID profil or Ic$ In resped of d8fjned ccmtribulton sth8m 23,370 26.701 The charity operates a defined contrl)ution pension scheme for all qualifylng employees. The assets of the scheme are held Separate from those of the tharity in an Independentty administered fund. At the year end £4.964 (2023". £564) was payaNe lo 1he scheme. This is induded within other Greditors. 18 Restrithd funds The restrict8d funds of Ihe charity comprise the unexpended balanc*$ of donations and grants hekl on tnjst subject to sp8(xfi¢ conditi($ by donor5 as to how they may be used. At 1 April Incomlnq Rth)urces 2023 resources expended Transfors At 31 March 2024 Support Workers Bridgepoint Hardship Fund da Foundalion Young Members Mazars Young Members Fund Member Grants 38.235 (38235) 9.681 6(M) 334 9,681 600 334 7,339 150 10.000 (2,661) (350) 10.615 48,735 (41,246) 18,104
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted funds (Continued) Provious year: At 1 Awll In¢omlng Ro8ourerf Trnnsfers At 31 Mar¢h 2022 resourc expended 2023 Support Worker Bridgepoint Hardship Fund Asda Foundation Jad( Petchey Young m8mbers 43,236 (43.236) 9,681 9,681 600 1.724 (1.724) (542) 876 334 10.281 (45,502) 876 10,615 Details of rnstrided funds 1. Support Worker Fund The support worker fund is fijnding lo allo us to exparKJ our slaffing. We bid for costs spefiCallY to add to our number of support wLYkers in response to the signtfrant rfse wi referrals and a(vity we have experienced year on yèar. Wilhcxrt the funds w8 would hav8 had to inlro(knce a TRiting Ilst for referrals. 2. Brldgepolnt Hardship Fund The funding w8 rerxived from the Hardship Fund. distrlbuted by Bridgewnt. was towards costs relating to dtgiLg1 inclusK)n. 3. A8da Foundatton Fund The Asda Foundation supports local grassroots organisations lo transform communities and impnjve the lives of people living within the ASDA Community. Th8 Feling Communth'es grant we re1Ve from th8 Asda Foundation fvnded fo¢4Y parcels we wt logether for membets who ware facirKJ fo(¥J insecurity as a resLIt of th8 Covid-19 parvJemic. 4. Jack Petch8y Fund The Jack Petchey Foundation's intemship programme is designed lo glve young pecrfAe a flying start, supporung dynamic young indiwduals In Iheir first step in the youth and charity sector. Jack Petchey fijnded us for a yearfs long intemship role fwsed on increaslng Mosalc physical and online presenco in the community and amongst young pecwe. 5. Mazars Young Members Fund The funds we received from Mazar5 is to 5UPPOrt our young adult members. It will ctinue to SUPM young adults by ntribUb.ng to vocatlonal training. the supply of digttal deNices for YK>rk and leamlng and for social activities. 6. Young MembeTr Fund Th8s8 fijnds were donated by Ruaridh Gardnefs Family and Friends followlng his passing. Their wistrfis w8re for the8e funds to be utilised lowards activllies lo enhan Mosaic's Young Members mental h8alth. and as such It 1$ now deffined as a Restricied FurKI, lo be re(x)gnised in Mosaids Flnancial Year 2022-23 and beyond. until these funds are 8Xtingulshad. -30-
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestrictsd funds- designat These are unresthcted fijnds whith are material to Charitys actlvities. At 1 April Incoming 2023 resourc•s Resources expended Transfern At 31 March 2024 Fixed Asset Fur Clubhouse Model Training 26.477 (383) 26,094 7,958 70.613 (62.655) 26.471 70.613 (62.655) (383} 34,052 Prèvlous year. At 1 April 2022 In¢omlng R•sourcgS resources expended Transfers At 31 March 2023 Business Development Fixad Assot Fund Clubhouse Model Training Sonia Burke Legacy fund 30.012 38.952 21.781 3,201 (30.012> (12,475) 26,477 24.148 (45.929) (3,201) 24,148 (49.130) (42,487) 26,477 Details of des19r funds 1. Buslness Davelopment Fund This fund was set up to explore the possibilibes to expand the Clubhouse mcdel throughDUt the UK. Mosalc Clubhouse remains ambitious about the potential of the Clubhouse model and wants to S8è more clubhouses opening up and working towards amditstion. l*)wever. the designation was rerrK)ved in the previous year as this is no longar a priority. 2. Fixed Assel Fund The fund represents the net book value of tangible fixed assets in use by M05aic Clubhouse and thwefore nol available to T[t future operational expenditu. A transfer is made gach year to fleCt the chang8 in net book vdue. 3. Clubhouse Model Training Fund Mosaic Clubhouse is an accredited trdining base for the Clubhouse model. This is a dèsignated fijnd vthich provldes for ongoing staff and member training to ensure ddivery of this intemational trainlng is maintain6d lo expected standard. The training programme is rewewed each year. Use of th8 fvnd will be rnade based on an assessment of Ihe professional development ruir8d lo mainlain stsndards. Thls fund will be allocated on a ne8ds led basis. We have apportion8d the costs of thè tim8 Staff spent on preparing for. delivering, and tsklng part in training. and the me any required accreditatlon preceding IL 4. Sonia Burke legacy Fund This designated fund was a r8suIt of a legacy. The pury)ose of Ihe fvnd was to broaden horizons, leam new skills and challenges and providing time for fun, rellection and rest from daily pressures. The fund was fully spent in the year to March 2023. 31
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Unre8trfcted funds The unrestricted fuNls of the thaiity (xJmpri8e tho uneXPed balafw8 of donations and grants which 81 not subject to specfflc conditions by donors and grantors as lo how they may be used. Thèse include d6Stgnated funds whth have been sel asKle out of unrnstricted funds ty the tnth8s for 8peclfi¢ purposes. At 1 Aprfl Incoming Resour 2023 rosources expendod Transfer8 At 31 March 2024 General fijrrfls 367.647 937,694 (1,099.240) 206,484 PrnVi0 yoar. At l April Ineomthg Resources 2022 resour¢as •xp8nd Tramforn Al 31 March 2023 General funds 429.163 1.008,718 (1,111,845) 41,611 367,647 21 Analy81$ of net a55ets Ile8n funds Unrestricted Unrnstrlcted Rastrictod fvnds funds funds general dignated 2024 2024 Totsl 2024 2024 At 31 March 2024: Tangible assets Current 8ssetsl0labili*es) 26.094 7.958 206.484 18,104 232,546 34,052 18,104 258.640 Total funds fvnds general deslgnated 2023 2023 fund8 2023 2023 At 31 March 2023: Tanglble assets Current asseW(liabUttles) 26,477 26.477 378,262 367,647 10,615 367.647 28.4TI 10.615 404,739
MOSAIC CLUBHOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Qperatlng lease commltments Lesseo At the reporting end date the tharity had outstsnding commitments for fuiure minimum lease payments urmler non<ancellable op8rating188ses. wPich fall du8 as fdlows: 2024 2023 Within one year Baeen two and ffive ye5 In overfive years 82.400 329,600 41,200 41.200 453.200 41.200 23 Related party transactlons During the year £10,000 was rec8ived as a grant from Mazars for a Young Members Fund, a member of the board of trustees has a business reEationship with the company that provided the grant (2023 - non8). 2024 24 Cash generated from operallons 2023 Deficit for the year {146.099) {128.651) Adjustments for.. Investment income recognised in ststemant of fjnanaal actsvilies Deprecialion and impam)ent of tangible fixed assets (4,289) 14,846 {1,748) 13,849 Movements in working capital: Decrease in debtors Increase in creditor5 In(¥easel(de¢rease) in deferred in(x)me 3,297 43.486 52.476 23.352 22,714 (2,270) Cash absorbed by operalions (36.283) (72.754) 25 Analysis of changes In net funds The charity had no material debt dLKing the year.