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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 04124744 (England and Wales) REGISTERED CHARITY NUMBER: 1085171

Report of the Trustees and

Financial Statements

for the Year Ended 31 March 2021

for

Bristol Mind

Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE

Bristol Mind

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 5
Report of the Independent Auditors 6 to 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 19
Detailed Statement of Financial Activities 20

Bristol Mind

Report of the Trustees for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The Board of Trustees presents its report and audited financial statements for the period 1 April 2020 to 31 March 2021.

The Trustees are pleased to present their annual directors' report together with the financial statements of the charity for the year ending 31 March 2021 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 Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Bristol Mind's Memorandum of Association sets out the organisation's principle organisational objectives which are for the public benefit and are compatible with the Charities Act 2006. These are:

To promote the preservation of mental health and to assist in relieving and rehabilitating persons suffering from mental disorders or conditions of emotional distress requiring advice and treatment, in association with Mind in accordance with the aims and objectives of Mind. (Please note the language used is historic, current terms used are 'experiencing emotional or mental distress')

Our organisational aims are:

Public benefit

All Bristol Mind's charitable activities focus on the provision of accessible and effective mental health support, education, and campaigning for people resident in Bristol and the surrounding areas. Such a programme of activity is invariably of public benefit insofar as it contributes to healthy, active citizens, family and community cohesion, and increased social inclusion and mobility. Public benefit is also derived from the prevention of escalating levels of mental ill-health among Bristol Mind's service users because of their accessing the organisation. That Bristol Mind offers an effective and timely service for vulnerable people is of public benefit in terms of cost-effectiveness in both the short and long term.

The strategies employed to achieve the charity's aims and objectives are to:

Page 1

Bristol Mind

Report of the Trustees for the Year Ended 31 March 2021

STRATEGIC REPORT

Achievement and performance

In March 2020 the Government implemented lockdown restrictions as a result of the Covid 19 pandemic. Bristol Mind had already instigated an IT replacement programme with a roll out of laptops and mobile telephones to all staff. As a result, all of the staff were able to work effectively from their homes. This enabled us to manage our services while keeping clients and colleagues safe and well.

Services continued to operate remotely throughout the year either through digital platforms or through phone support. Mindline, Meeting Minds, Mindline Trans and the Hate Crime Service all saw increased demand as a result of the pandemic. Likewise, the counselling services including the LGBTQ+ service, the Shielding service, with funding from Pears Soap, Mind Without Borders and the Greenspace project were all able to provide continued, effective support throughout the year.

The advocacy services found working under lockdown more challenging, with obvious issues around visiting hospitals and care homes throughout the pandemic. Many clients found adjusting to video conferencing difficult. However, it remains a testament to all our staff and volunteers that we were able to have most services running within a new 'normal' throughout an incredibly difficult year.

Fundraising

Bristol Mind relies heavily on local business to support us by making us their Charity of the Year ("COTY"). Prior to lockdown this had proved an invaluable source of income, with a number of locally based organisations making significant contributions to our services. With the advent of lockdown restrictions this income stream has significantly reduced as people have been unable to take part in face-to-face fundraising activities resulting in a significant reduction in COTY donations. That said, we saw a significant increase in donations made through our Just Giving site, resulting in an overall reduction in income of only £17k.

Bristol Mind would like to thank all our friends, funders and donors for their generous support throughout the year.

Management

Bristol Mind underwent several changes at senior management level during the year. This included the appointment of an interim CEO while the Board of Trustees considered next steps. In 2021/22 the Board will begin a national recruitment campaign to appoint a new permanent CEO to take the organisation forward.

Financial review

Financial position

The Covid 19 pandemic had a significant impact on Bristol Mind's finances during 2020/21 resulting in a net deficit of £83k (2019/20 surplus of £123k).

Overall gross income showed a moderate reduction on the previous financial year, with £869k generated during 2020/21 compared with £886k in 2019/20, a reduction of £17k. The charity traditionally generates significant income from its Charities of the Year (COTYs). The pandemic and particularly the resulting lockdown has had a significant impact on this income stream, with donations of £126k during the year compared with £226k in 2019/20, a reduction of £100k. We continue to thank all our donors for their very generous support during this extremely difficult year.

Overall gross expenditure during the year was £952k, an increase of £190k on 2019/20 gross expenditure of £762k. This was largely due to increased staff costs, IT investment and maintenance work to the building. The IT investment programme was long overdue and ensured the charity could continue its work during the pandemic.

The unrestricted reserves of the charity are £359k (2020: £449k) which helps us to weather cashflow variations in funder payments.

Page 2

Bristol Mind

Report of the Trustees for the Year Ended 31 March 2021

STRATEGIC REPORT Financial review

Reserves policy

Bristol Mind has unrestricted general, designated, and restricted reserves. The Board has reviewed the general reserves considering the following:

- Diverse sources of income

Trustees have therefore agreed to continue to maintain general reserves at a minimum of three months running costs. This will help the charity to withstand a sustained fall in income while providing the capability for Trustees and the CEO to then make sure expenditure could be reduced in a managed fashion, avoiding the need to halt important work abruptly and allow service years to move on in a supported and managed fashion.

If difficulties were to arise then it has been calculated that reserves of £238k would be needed to continue running current services for at least three months. This figure is based on operating costs only. The reserves policy is reviewed on an annual basis unless there are significant changes to business circumstances.

Unrestricted reserves on 31 March 2021 were £359k, £90k lower than the previous year, but still more than the minimum reserves level specified in our reserves policy. However, the on-going financial effects of the pandemic, particularly on charity donations remain unknown. Given this uncertainty, Trustees are committed to maintaining the reserves at least the target level in the changing financial environment while ensuring that surplus funds are utilised to support charitable objectives.

Unrestricted reserves consist of a contingency fund, as well as a general reserve set aside to meet any unexpected changes in the financial environment.

Restricted funds are only available for expenditure as directed by the donor. At 31 March 2021 Restricted funds totalled £25k, a breakdown of which can be found in note 12 to the financial statements (2019/20 £17k).

Going concern

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. However, the COVID-19 pandemic continues to have a profound impact on the global economy and may in turn affect the charity.

The Trustees have considered the impact of this issue on the charity's current and future financial position. Fundraising and donations now account for a significant proportion of the charity's income. This is likely to be significantly affected by any economic changes because of the pandemic. As at the balance sheet date, the charity holds unrestricted, general reserves of £359k including a cash balance of £428k. The Trustees consider that the charity has sufficient reserves and cashflow to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

Future plans

Our key goals for the coming year at Bristol Mind are:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 13 December 2000 and re-registered as a charity on 22 February 2001. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Page 3

Bristol Mind

Report of the Trustees for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The directors of the company are also charity Trustees for the purposes of charity law and under the company's Articles are known as members of the Board of Trustees. Under the requirements of the Articles of Association there are a minimum of three and maximum of 12 Trustees, 51% of whom must be users/survivors of mental health services.

Organisational structure

The Board of Trustees administers the charity. The Board normally meets ten times per year. A Chief Executive Officer ("CEO") is appointed by the Trustees to manage the day-to-day operations of the charity. To facilitate effective operations the CEO has delegated authority, within prescribed limits, for operational matters including finance, employment, and clinical related activities.

Induction and training of new trustees

All Trustees are fully inducted into Bristol Mind's governance. Trustees are drawn from a variety of business, HR, legal and finance professional backgrounds and a skills analysis is kept ensuring Trustees can contribute in full.

Key management remuneration

The Trustees consider the charity's CEO and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running, and operating Bristol Mind on a day-to-day basis. All Trustees give of their time freely and no Trustee received remuneration in the year.

The pay of senior staff is reviewed annually. Pay levels are regularly benchmarked against similar roles in appropriate voluntary sector organisations.

Risk management

The Trustees have a risk management strategy which comprises:

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name: Bristol Mind Charity Registration Number: 1085171 Company Registration Number: 4124744

Registered Office: 35 Old Market Street, Bristol, BS2 0EZ

Bankers: Co-operative Bank PO Box 250, Delf House, Southway, Skelmersdale, WN8 6WT

Auditor: Wormald & Partners, Chartered Accountants and Registered Auditor, Redland House, 157 Redland Road, Redland, Bristol, BS6 6YE

Directors and Trustees

The directors of the charitable company (the charity) are its Trustees for the purpose of charity law. The Trustees and officers serving during the year are as follows:

Raquel Hughes (Chair) David Foley (Vice Chair) Tony Whitlock (Treasurer) Malcolm McDonald Sarah Oliver Lauren Owen Joanne Samuel - appointed 29 September 2020, resigned 31 December 2021 Mark Colfer - resigned 21 September 2020

Simon Cooper - resigned 24 November 2020 Louise Goux - Wirth - resigned 12 June 2020 Rachel Creed - resigned 29 June 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Bristol Mind for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 4

Bristol Mind

Report of the Trustees for the Year Ended 31 March 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The Charity Trustees (who are also the Directors of Bristol Mind for the purposes of Company Law) are responsible for preparing the Trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Board of Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and the surplus deficit of the charitable company for that period. In preparing those financial statements, the Board of Trustees is required to

The Board of Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as each Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware. Each Trustee has taken all steps necessary to make both themselves and the auditors aware of any relevant audit information.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 24th March 2022 and signed on the board's behalf by:

........................................................................ R Hughes - Trustee

Page 5

Report of the Independent Auditors to the Trustees of Bristol Mind

Opinion

We have audited the financial statements of Bristol Mind (the 'charitable company') for the year ended 31 March 2021 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 Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our 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 form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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 law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Page 6

Report of the Independent Auditors to the Trustees of Bristol Mind

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

-Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

-Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances.

-Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

-Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern.

-Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

-Obtain sufficient appropriate audit evidence regarding the financial information of the charity or activities within the charity. We are responsible for the direction, supervision and performance of the audit and we remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 7

Report of the Independent Auditors to the Trustees of Bristol Mind

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Wormald & Partners Chartered Accountants (ICAEW) Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Redland House 157 Redland Road Redland Bristol BS6 6YE 24th March 2022 Date: .............................................

Page 8

Bristol Mind

Statement of Financial Activities for the Year Ended 31 March 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
148,442
Other trading activities
3
148,300
Investment income
4
444
Total
297,186
EXPENDITURE ON
Charitable activities
5
Charitable activities
387,229
NET INCOME/(EXPENDITURE)
(90,043)
RECONCILIATION OF FUNDS
Total funds brought forward
449,097
TOTAL FUNDS CARRIED FORWARD
359,054		 Restricted
funds
£
572,234
-
-
572,234
564,712
7,522
17,096
24,618		 2021
Total
funds
£
720,676
148,300
444
869,420
951,941
(82,521)
466,193
383,672		 2020
Total
funds
£
735,315
148,333
2,080
885,728
762,467
123,261
342,932
466,193

The notes form part of these financial statements

Page 9

Bristol Mind

Balance Sheet 31 March 2021

Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
10
28,127
Cash at bank and in hand
428,157
456,284
CREDITORS
Amounts falling due within one year
11
(97,230)
NET CURRENT ASSETS
359,054
TOTAL ASSETS LESS CURRENT LIABILITIES
359,054
NET ASSETS
359,054
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
24,618
24,618
-
24,618
24,618
24,618		 2021
Total
funds
£
28,127
452,775
480,902
(97,230)
383,672
383,672
383,672
359,054
24,618
383,672		 2020
Total
funds
£
68,799
471,304
540,103
(73,910)
466,193
466,193
466,193
449,097
17,096
466,193

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on 24th March 2022 and were signed on its behalf by:

.............................................

R Hughes - Trustee

The notes form part of these financial statements

Page 10

Bristol Mind

Bristol Mind
Cash Flow Statement
for the Year Ended 31 March 2021
2021
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(18,973)
Net cash (used in)/provided by operating activities
(18,973)
Cash flows from investing activities
Interest received
444
Net cash provided by investing activities
444
Change in cash and cash equivalents in
the reporting period
(18,529)
Cash and cash equivalents at the
beginning of the reporting period
471,304
Cash and cash equivalents at the end of
the reporting period
452,775		 2020
£
126,620
126,620
2,080
2,080
128,700
342,604
471,304

The notes form part of these financial statements

Page 11

Bristol Mind

Notes to the Cash Flow Statement

for the Year Ended 31 March 2021

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES


ACTIVITIES
2021 2020
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (82,521) 123,261
Adjustments for:
Interest received (444) (2,080)
Decrease/(increase) in debtors 40,672 (21,960)
Increase in creditors 23,320 27,399
Net cash (used in)/provided by operations (18,973) 126,620
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.20 Cash flow At 31.3.21
£ £ £
Net cash
Cash at bank and in hand 471,304 (18,529) 452,775
471,304 (18,529) 452,775
Total 471,304 (18,529) 452,775

The notes form part of these financial statements

Page 12

Bristol Mind

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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 benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on straight line basis

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives 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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Grants
Other income
Grants received, included in the above, are as follows:
Other grants		 2021
£
125,726
594,950
-
720,676
2021
£
594,950		 2020
£
226,375
508,585
355
735,315
2020
£
508,585

Page 13

continued...

Bristol Mind

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

3. OTHER TRADING ACTIVITIES

3.
OTHER TRADING ACTIVITIES
Fees & training
Room hire
4.
INVESTMENT INCOME
Deposit account interest
5.
CHARITABLE ACTIVITIES COSTS
Charitable activities		 2021
£
148,300
-
148,300
2021
£
444		 2020
£
147,914
419
148,333
2020
£
2,080
Direct
Costs
£
951,941

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

During the year the charity reimbursed trustee expenses totalling £0 in relation to business travel.

7. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees		 2021
£
564,485
42,261
48,757
655,503
2021
28		 2020
£
421,364
29,526
42,601
493,491
2020
25

The average monthly number of employees during the year was as follows:

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
244,912
Other trading activities
148,333
Investment income
2,080
Total
395,325
EXPENDITURE ON
Charitable activities
Charitable activities
289,161		 Restricted
funds
£
490,403
-
-
490,403
473,306		 Total
funds
£
735,315
148,333
2,080
885,728
762,467

Page 14

continued...

Bristol Mind

Bristol Mind
Notes to the Financial Statements-continued
for the Year Ended 31 March 2021
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
NET INCOME
106,164
RECONCILIATION OF FUNDS
Total funds brought forward
342,932
TOTAL FUNDS CARRIED FORWARD
449,096
9.
TANGIBLE FIXED ASSETS
COST
At 1 April 2020 and 31 March 2021
DEPRECIATION
At 1 April 2020 and 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Deferred grants
Restricted
funds
£
17,097
-
17,097
2021
£
28,127
2021
£
45,404
27,643
24,183
97,230		 Total
funds
£
123,261
342,932
466,193
Fixtures
and
fittings
£
48,691
48,691
-
-
2020
£
68,799
2020
£
8,480
24,285
41,145
73,910

Page 15

continued...

Bristol Mind

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

12. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
General fund
Contingency Fund
Schools Mental Health Programme
Restricted funds
Advocacy in Action
MIND Line
MHUP
Refugee Counselling
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Schools Mental Health Programme
Restricted funds
Advocacy in Action
Advocacy Outreach
BME Advocacy
Inpatient Advocacy
IMCA
MIND Line
Hate Crime
MHUP
Refugee Counselling
Shielding Service
TOTAL FUNDS		 At 1.4.20
£
331,097
48,000
70,000
449,097
91
6,100
10,905
-
17,096
466,193
Incoming
resources
£
367,186
(70,000)		 Net
movement
At
in funds
31.3.21
£
£
(20,043)
311,054
-
48,000
(70,000)
-
(90,043)
359,054
1,840
1,931
10,725
16,825
(10,905)
-
5,862
5,862
7,522
24,618
(82,521)
383,672
Resources
Movement
expended
in funds
£
£
(387,229)
(20,043)
-
(70,000)
(387,229)
(90,043)
(82,436)
1,840
(39,585)
-
(38,694)
-
(44,271)
-
(125,954)
-
(83,043)
10,725
(27,505)
-
(57,705)
(10,905)
(33,987)
5,862
(31,532)
-
(564,712)
7,522
(951,941)
(82,521)
297,186
84,276
39,585
38,694
44,271
125,954
93,768
27,505
46,800
39,849
31,532
572,234
869,420		 (387,229)
(82,436)
(39,585)
(38,694)
(44,271)
(125,954)
(83,043)
(27,505)
(57,705)
(33,987)
(31,532)
(564,712)
(951,941)

Page 16

continued...

Bristol Mind

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.19
£
Unrestricted funds
General fund
224,932
Contingency Fund
48,000
Schools Mental Health Programme
70,000
342,932
Restricted funds
Advocacy in Action
-
MIND Line
-
MHUP
-
-
TOTAL FUNDS
342,932
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
395,325
Restricted funds
Advocacy in Action
84,299
Advocacy Outreach
39,597
BME Advocacy
45,688
Inpatient Advocacy
44,215
IMCA
125,954
MIND Line
81,661
Hate Crime
29,392
MHUP
35,100
LGBT Counselling
4,497
490,403
TOTAL FUNDS
885,728		 Net
movement
At
in funds
31.3.20
£
£
106,165
331,097
-
48,000
-
70,000
106,165
449,097
91
91
6,100
6,100
10,905
10,905
17,096
17,096
123,261
466,193
Resources
Movement
expended
in funds
£
£
(289,160)
106,165
(84,208)
91
(39,597)
-
(45,688)
-
(44,215)
-
(125,954)
-
(75,561)
6,100
(29,392)
-
(24,195)
10,905
(4,497)
-
(473,307)
17,096
(762,467)
123,261

Page 17

continued...

Bristol Mind

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Contingency Fund
Schools Mental Health Programme
Restricted funds
Advocacy in Action
MIND Line
Refugee Counselling
TOTAL FUNDS		 At 1.4.19
£
224,932
48,000
70,000
342,932
-
-
-
-
342,932		 Net
movement
in funds
£
86,122
-
(70,000)
16,122
1,931
16,825
5,862
24,618
40,740		 At
31.3.21
£
311,054
48,000
-
359,054
1,931
16,825
5,862
24,618
383,672

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
762,511
Schools Mental Health Programme
(70,000)
692,511
Restricted funds
Advocacy in Action
168,575
Advocacy Outreach
79,182
BME Advocacy
84,382
Inpatient Advocacy
88,486
IMCA
251,908
MIND Line
175,429
Hate Crime
56,897
MHUP
81,900
LGBT Counselling
4,497
Refugee Counselling
39,849
Shielding Service
31,532
1,062,637
(1
TOTAL FUNDS
1,755,148
(1		 Resources
Movement
expended
in funds
£
£
(676,389)
86,122
-
(70,000)
(676,389)
16,122
(166,644)
1,931
(79,182)
-
(84,382)
-
(88,486)
-
(251,908)
-
(158,604)
16,825
(56,897)
-
(81,900)
-
(4,497)
-
(33,987)
5,862
(31,532)
-
,038,019)
24,618
,714,408)
40,740

Page 18

continued...

Bristol Mind

Notes to the Financial Statements - continued

for the Year Ended 31 March 2021

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 19

Bristol Mind

Detailed Statement of Financial Activities

for the Year Ended 31 March 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other income
Other trading activities
Fees & training
Room hire
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rent & rates
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Travel & staff expenses
Room hire
Repairs
Cleaning
Subscriptions
Supervision
Training
Audit
Volunteer expenses
Fund raising costs
Software & IT
Recruitment
AGM
Hospitality
Leaflets & books
Fees
Bank charges
Freelance work
Bookkeeping
Consultancy
Total resources expended
Net (expenditure)/income		 2021
£
125,726
594,950
-
720,676
148,300
-
148,300
444
869,420
564,485
42,261
48,757
31,949
4,546
2,798
12,407
3,369
642
287
5,291
165
1,859
3,861
2,165
14,650
53,105
2,400
2,588
1,345
27,912
11,332
-
-
-
150
1,029
84,885
11,757
15,946
951,941
951,941
(82,521)		 2020
£
226,375
508,585
355
735,315
147,914
419
148,333
2,080
885,728
421,364
29,526
42,601
36,029
3,845
4,896
10,165
7,939
4,597
861
8,674
3,914
12,701
6,524
1,305
6,180
36,095
2,400
8,289
4,281
23,213
7,142
125
4,874
8,492
10,056
19
25,770
30,590
-
762,467
762,467
123,261

This page does not form part of the statutory financial statements

Page 20