COMPANY REGISTRATION NUMBER: 04369554 MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2025 Charity Number . 1091154
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Co[ENTs PAGE Refer¢nc¢ and administrative details Trustees, annual report Independent auditorfs report to the Trustees Statement of financial activities 13 Balance sheet 14 Statement of cash flows 15 Notes to the financial statements 16
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE COMPANY INFORMATION YEAR ENDED 31 MARCH 2025 Charity Number 1091154 Company Lyumber Registered Office 04369554 Osler House Prentice Place Potter Street Harlow Essex England CM179BG The Trustee5 Richard Crone Robin Strube Sylvia Hayes Alan MIellbelove Gary H)'ams Jackie .4nslow Barbara Brafman-Price Anja De Vos Robbie Freeman Chairnian Vice Chainnan (resigned 12ih June 2025) Senior Management Team Alison Wilson Kelly Dorrington Lois Sparkes Sarah Huggett Natasha Pearson Craig Mccoll Ann Creitzman Vanessa Craft Karen Hutley Chief Executive Head of Finance Compliance, Quality and Safeguarding Manager Digital Nlanager Mental Health Coach and Wellbeing AssisL2nt Manager Community Services Manager MHST c.linical Nlanager Counselling Manager HR Manager Auditor Edmund Carr LLP 146 New London Road Chelmsford Essex. CM2 OAW Bank CAF Bank 25 Kings Hill Avenue Kings Hill Wesi Mailing KenE ME19 4JQ Virgin Money 177 Bothwell Street Glasgow G2 7ER Solicitors Tees Law 42 High Street Greai Dunmow Essex, CN16 IAH The Trustees and senior managemenl team also take advice on an ad hoc, as needed basis from: Rradar for HR advice - as part of our insurance policy.
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The Trustees, who are the directors for the purposes of company law, present the annual report together with the financial statements and auditor's report of the charitable company for the year ended 31 March 2025. This is also the directors, report, as required by s415 of the Companies Act 2006. OBJECTIVES AND ACTIVITIES Our charity's purposes, as set out in the objects contained in the company's memorandum of association, are to: Promote the preservation of mental health and to assist in relieving and rehabilitating persons suffering from mental disorder or conditions of emotional or mental distress requiring advice or treatment in West Essex in association wilh Mind (the National Association for Mentsl Health) and in accordance with the aims and objects of Mind. Our Vision is for West Essex to be a place where people talk openly and positively about mental health, and where everyone gets the 5UPPOrt and respect needed to live well. Our Mission is to= Llnderstand how we can best support people's mental health and wellbeing by engaging. listenin& and being open to all feedback. Provide activities, services, support and infomiation that reflect people's needs. Be immersed in people, communities, and organisations of West Essex and play our part in shaping a place that value5 everyone's contributions and eliminates stigma and discrimination. Reduce mental distress and suicide. Ensuring that our work delivers our aim5 We review our aims, objectives and activities in a structured way which involves all the trustees, staff, service users and stakeholders. The review helps us to ensure our aims, objectives and activities remain focused on our stated purpose. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when review'ing our aims and objectives and in planning future activity. In particular the trustees consider how planned activitie5 contribute to the aims and objectives they have set. The focus of our work Our main objectives for the year continue to be the support of people of West Essex who are affected by mental ill health. Alongside this is the objective to promote emotional wellbeing. Our services developed over time according to the needs of our communitv, the funding available through our partner agencies and funders, and our abilitv io deliver services. We engaged with the con]munity to understand their situation and offer support 'hereVer we could. Our staff and volunteers continue to provide a committed and professional seTrice to people in West Essex and beyond. We ensure they are trained and supported to deliver a high quality service to all service users. Our main activities and who w'e help are described below, they all focus on either the support of people affected by mentsl ill health or on building emotional resilience and are undertaken to further our charitable purposes for public benefit.
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT {¢ontinued) YEAR ENDED 31 MARCH 2025 Community Services Our community services, broadly Speaking, work with people within their local community to address practical issues that are, for that person, a barrier to giK)d mental health. The specific services that we currently run in this area of our work are: 1.4PT ( oach¢s.' This service is one we are subcontracted by Vila Healih Group to deliver as part of a larger NHS IAPT contract. The aim of the service is to help people to access iheir talking therapy treatment by working with them to remove practical barriers. For example uaining or reinaining in employment and supporting them towards achieving better rnental health and Thellbeing. We have been given notice on this contract and it is due to finish 30th June 2025. I'ellbeing l ollln¢eers . The focus of the service is to recrnit and train Befrienders to work alongside people in our local community who are isolated and lonely and in doing so improve their mental health and quality of life. IVellbeing.4ssisÈanls.' This is a fee paying service, to provide praclical and emotional support to individuals to improve wellbeing. flouF7selling,gervices.' The Mind in West Essex Counselling service provides a comprehensive range of counselling interventions. It has an emphasis on helping people access the right counselling for them, with the right counsellor at the right time and in the ri2ht place. Our service provides counselling through the following routes: Fee paying senlice.. It is an unfortunate fact that not everyone who ivould benefit from counselling is able to access it free of Charge. In response to this situation we provide an option. Feedback on this service is excellent. Siib conlracledcoiipF5elling serviL'es." We also provide a small amount of counselling for organisations that choose to commission counselling from us. During this year we provided counselling on this basis as part of the West Essex IAPT service and for staff of a Small Essex wide charity. Ive aim to expand this area of our w'ork and provide counsellin2 for other organisations. We have been given notice on our work for the IAPT service and this is due to end by 30th June 202) Training work.. This aspec( is crucial to our work around reducing stigma and creating awareness and more resilient communities. Our team of Nlental Health First Aid Trainers conlinues to deliver excellent training both to local and national organisations and individuals The team deliver Nlental Health First Aid, Suicide Awareness, Suicide Firsi Aid and also develop and deliver bespoke training. Let's Talk Essex.- This is a campaign that remains close to our mission and that works to support members of the public who M'ani to share their own stories. During this year we have created a series of podcasts. These can be found on the Let's Talk Essex website. Harlow, Epping Forest and Uttlesford MHSTS: This service supports children and young people through schools and college. It's part of a national programme and is based on a whole school approach. We have 4.5 teams of staff in this service and M'ork M'iih around 105 schools across Ivest Essex. Op7line IrainiF7g.4cademJ We have been developing free and paid for training courses for internal use and also for the generdl public. 'e have also been M'orking to 5implifv the website to Inake it more user friendly and accessible. Jllenlal Healih Coaches." The Mental Health Coaches are an integral part of the Primary Care Networks. Coaches support palients, as part of a multi-disciplinary team ihrough iheir menial health journey in order to ensure it is as person centered, slreamlined and seamless as possible. This is currently running in each of the 6 PCN'S across West Essex.
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT Icontinued) YEAR ENDED 31 MARCH 2025 Sanctuary andNight Owls .' This is part of the crisis transf0mtIOn work and provides out of hours support to those who call NHS I I I for mentsl health supwrt bul who do not need hospital admission. Clients can either visit the center at Bush Fair or receive support via zoom or over the phone. The Sanctuary has satellite centers in Uttlesford and Epping Forest that are available for in person visits over 4 nights of the week. Th¢ Night Owls service works within the Sanctuary, it provides Emotional Support over the phone or in person for people who are Struggling with loneliness, depression and aXIety. Carver Barracks .' During this year we have been developing our offer at Carver Barracks. We are working to support the wellbeing of residents living outside the wire at the Barracks. We work closely with the Welfare Team. How our activities deliver public benefit Our main activities and who we help are described above. All of our activities focus on either the support of people affected by mental ill health or on building emotional resilience and are undertaken to further our charitable purposes for the public benefit. We are particularly committed to working to ensure that all of our services are focused as much as possible on ihe needs of the individual as we recognise that, just as everyone" s needs are differenL everyone's journev to recovery will also be different. The Trustees have referred to the Charity Commission's guidance on public benefit. It is taken into account M,hen undertaking decisions and we have not varied from the guidance during the pasl )iear. Within our Children and Young People's services we worked with: Harlow Supported 194 CYP in I: l interventions Worked with l 0,2i5 CYO in Groups {41 I sessions) Supported 50 individual GuardianslParents in a group setting ( l O sessions) School staff M'orkshops 75 individua15 attended (5 sessions) CYP & parentslcarers (summer fetes, open evenings: wellbeing fairs. etc) 1057 (30 sessions) Function i (meetings / meaningful conversalions} 7ii in Supported 194 CYP in I . l interventions Worked with 12:JiO CYO in Groups (i82 sessions) Supported ii individual GuardiansTrarents in a group setting ( l O sessions) School staff workshops l 8 individuals attended (J sessions) CYP & parentslcarers {summer letes. open evenings. wellbeing fairs, etc) 416 (34 sessions) Function i (meetings / meaningful conv¢rsalions} 198 Uttlesford Supported 17) CYP in I:1 interventions Worked with 697) CYO in Groups (i09 sessions) Supported 21 individual GuardianslParents in a group setting ( l O sessions) School staff workshops O individuals attended (0 5e5sion5) CYP & parenlslcarers {summer f¢les, open ¢v¢nings. wellbeing fairs, etc) 296 (19 sessions) Function J (meetings / meaningful conv¢rsalions} 268
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT Icontinued) YEAR ENDED 31 MARCH 2025 Within our Community Services, during this period we received the following numbers of referrals: IAPT COACH Service: approx. 227 new referrals PCN Mental Health Coaches worked with 276 clients Our Wellbeing Assistants worked w'ith 6 clients receiving 852 hours of support Digital Groups worked suppor(ed 44 individuals with Personality Disorders, Stress and Anxiety and Writing for Wellbeing (Write: Revive and Rebuild) Peer support staff provided 676 hours of support and received 114 referrals . Community Connectors support 104 people and attended 8 community events (From March 2025) During the reporting period, we had 109 active volunteers working within our services of which 70 are befrienders supporting 65 clients. We gave 2,749 hours of telephone support during the hours of 4pm-1 I pm through our Night Owl service and 424 new registrations. Additionall)., through our Sanctuary Cri515 Service we received 788 new referrals. Within our Counselling service we delivered 1,468 therapy sessions to the i02 people via our fee pa}wing counselling service. 498 counselling sessions were delivered on behalf of Vitaminds NHS service to 80 clients. This means that altogether 582 people had the opportunity, via Talking Therapie51Counselling, to learn new Wa.$ of thinking aboul their life and new siraiegies for coping with the issues that were causing them eniotional difficulty. We have used our growing social media presence to send out infomlalion about evenis and also more general emotional wellbeing information. Our Instagram reach has now reached 6.5k an increase of 316.8 1 with 2k visiis. Our Facebook" reach is 72.8k This is the number of unique people ii,ho saw our content and who therefore have read or who have access io our inforniation. We have 7.7k page visils. FINANCIAL REVIEW Our strategy in recent years has been to diversify our income streams to minimise the risks of one strand not continuintr This has been successful, and the list of activities detailed earlier demonstrates the breadth of our services and income streams. Investment Policy Aside from retaining a prudent amount in resetves each year most of the charity's funds are to be spent in the short term so that there are fem, funds for long terni investment. Our Financial Policy sets out how we should apportion our funds to (he various banks thal we use. We own the building from which we operate our counselling service and derive an income from letting rooms to other charities and organisations. We have purchased a second building. An old GP surgery. in Harlow, it requires considerable renovation. Risk Management The trustees regularly review the major risks to which the charity is exposed. The risk register is updated as new risk is identified and is re-visited ai leasi annuallv. Where it is appropriate, systems or procedures have been established to mitigate the risks that the charity faces.
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (continued) YEAR ENDED 31 MARCH 2025 When external risks to funding are identified by the trustees the strategic plan is modified and enhanced to mitigate and manage these risks; they are covered financiall}r within the reserves. Internal control risks are minimised by the implementation of procedures for the authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff. volunteers. clients and visitors to the various places of serN'ice provision. These prledureS are periodically reviewed to ensure that they continue to meet the needs of the charity. Principal Funding Sources The principal income streams for the charity are from training.. counselling and contract income from the Essex County Council, West Essex CCG and HertfordShI Partnership Foundation Trusvvita Health Group and EPUT. All these contracts support the key objectives of the charity as they provide mental health services and support to the Ilal community. Pension scheme Our employees are all enrolled into an approved defined pension contribution scheme. Reserves Policy Charity funds at 31 March ?025 totalled £1,195,64i, made up of restricted funds (£115:908). designated funds (£804,917 - including fixed assets of £630,96i) and general unrestricted funds (£274,818). The Finance Sub Committee has examined ihe charity"s requiremenls for reserves in light of the main risks to the organisation. It has eslablished a policy whereby funds not restricled or designated for a specific purpose should be su1Clent lo cover 6 months of the charity's budgeted core expenditure. This equates to £262,662 for 24125. The free unrestricted reserves at 31 March 2025 of £274,818 are in line with this policy. PLANS FOR FUTURE PERIODS At the time of signing the accounts the trustees are confidenl about the charity"" s ability to continue as a going concern over the coming year and inlo the future. Our main focus continues to be on maintaining a diverse range of income streams and delivering successfully on the contracts we currently have in place. Over the coming year we will concentrate on the renovation of Osler House and continue to focus on developing our low cost counselling and Community Connectors roles. STRUCTURE GOVERNANCE AND MANAGEMENT Governing Document The organisation is a charitable company limited by guarantee under company registration number 4369554, incorporated on the 7th Febnw 200? and giStered as a charity on the 15th March 2(K)2 under charity registration number 1091154. The company was established under a memorandum of assLlatiOn which established the objects and powers of the charitsble company and is governed under its Articles of Association. In the eN'ent of the company being wound up members are requId to contribute an amount not exceeding £1.
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT Icontinued) YEAR ENDED 31 MARCH 2025 Recruitment and appointment of new trustees Mind in West Essex ensures that people who use. or have used. mental health s¢rvic¢s are given the opportunity to actively participate as Trustees of the Executive Board, and we encourage them to take part in the governance and the decision-making of the organisation. The Trustees continually review their capabilities and set them against the strategic plan of the organisation. In this way we can detennine the profile of new Trustees that are required to serve the Company best. We promote the opportunity to join the board of trustees through the Mind in West Essex website and welcome applications from people ,hO are passionate about our mission, vision and values. Trustee Induction and Training Prospective trustees are interviewed b! two current trustees and. iltheir capabilities match our criteri4 are invited to allend a trust¢¢ m¢¢ting where they me¢l the current trustees, ,hO then take a vote on ihe candidate after the meeting. The Candidate will then be asked to confim) iheir willingness lo acl as a Iruste¢ and Direclor and a DBS check will be taken up. After receipt of a 5Ultable DBS checL detai15 of the new trustee will be entered into the company records at Companies House and the Charity Commission. Trustee induction is undertaken via the Trustee Handbook course on our Online Training Academy. Organisational Structure The Executive Board is the governing body of the Conipany and is supwrted b}1 sub committees as deemed necessary by the Executive Board. At the time of this annual report there is a Finance sub Committee and a Human Resources sub Committee. The Executive Board shall have not less than three Trustees and not more than eighteen who are responsible for all decisions and actions of the Company:_ The Executive Board may delegate an. of its pom'ers to Sub-committees consisting of such members of their body and other persons as ihe). think fit; any Sub£onunittee shall be made up in such a M'ay that members of the Executive Board shall be in the majority. The various sub committees are required to develop strategies within their field of operation, resolve concerns arising, and undertake specific pieces of work. When they hav¢ completed a piece of work they recommend it to the Board for review and approval. Remuneration levels of key management personnel are set by the Trustees. Related parties Mind in West Essex is affiliated to the national mental health charit!, Mind. We hai'e signed up to a partnership agreement that outlines the expectations of kx)ih parties. This agreement guides us on issues such as area of benefit and our relationship with other Local Mind Associations as well as issues such as use of the Mind brand. Fundraising Standard Information The charity does not carry out signifjcant fundraising activities to raise funds from members of the public. No professional fundraisers are used by the charity and no complaints have been received by the charity in respect of fundraising activities.
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT Icontinued) YEAR ENDED 31 MARCH 2025 Trustees, responsibilities statement The trustees (M,ho are also directors of Mind in Wesi Essex for ihe purrx)ses of company law} are responsible for preparing the Trustees Annual Rewjrt and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice). Company law requires the trustees to prepare financial Statements for each financial year. Under company law the truslees must not approve the financial statements unless ihey are satisfied ihat they give a true and fair vi¢iv of th¢ state of affairs of the charitable companv and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: 'select suitable accounting policies and then applv them consistentlv. 'observe the methods and principles in the Charities SORP 2019 (FRS102)' 'make judgements and estimate5 that are reasonable and prudent. 'state whether applicable accounting standards have been followed- 'prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company Th'ill continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial posilion of the charitable company and enable them to ensure thal the financial statements compl. '1th the Companies Act 2006. The). are also responsible for safeguarding the a55et5 of the charitable conipany and hence for taking reasonable steps for the prevention and delection of fraud and other irregularilies. In so far as the trustees are aware: .there is no relevant audit inlonnation olwhich the charitable company's auditor is unaware; and .the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomlation and io establish thal the auditor is am'are of that infonnation. The trustees are responsible for the maintenanc¢ and integrity of ihe corporal¢ and financial inforniation included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements ma)- differ from legislation in other jurisdictions. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charitv's governing documenL the Charities Act 201 l and Accounting and Retx)rting by Charities: Siat¢ment of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rew)rting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. This report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006. Approved by the Trustees on 29 December 2025 and signed on their behalf by: RiGhard CronG R Crone - Chairman
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2025 Opinion We have audited the financial stateTnents olmind in West Essei (the 'charitable company) for the >'ear ended 31 March ?0?5, which comprise the Staiemeni of Financial Activities, Balance Sheet, Statement of Cash Flows: and Notes to the Financial Statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law United Kingdom Accounting Standards, including Financial ReFx)rting Standard 102, The FiF7ancial ReportiP7gy.giap7dard (7ppliL'able in ihe LK apld Republic oflrela17d (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stalements: give a true and fair view olthe state of the charitable company's affairs a5 at 31 March ?025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011. Ba$1$ 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 Audilor. s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requiTements that are relevant to our audit of the financial statements in the UK. including ihe FRC"s Eihical Standard. and we have fulfilled our other ethical responsibilities in accordance w'ith 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 staiements, we have concluded that the irustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work Nve have perfom]ed: we have not identified an}. material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable cotnpany's ability to continue as a going concern lor a period of at least twelve months from when the financial statetnents were authori5ed for issue. Our responsibilities and the responsibilitie5 olthe trustees with respect to going concern are described in the relevant sections olthis report. Other Information The other infortnation comprises the information included in the trustees, annual report, other than the financial statetnents and our auditor'5 report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any fortn olassurance conclusion thereon.
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2025 Our responsibility 15 to read the other infomiation and. in doing so, consider whether the other information is materially inconsistent ivith the financial statements or our knoivledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine ivhether this gives rise to a material misstatetnent in the financial Statements themselves. If, based on the work we have perfortned, 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 exceptio We have nothing to report in respect of ihe following matters in relation to which the Charities (Accounts and Reports) Regulations ?008 require us to report to you if. in our opinion: the infortnation given in the trustees, report is inconsistent in any material respect with the financial statements- or sufficient accounting records have not been kept; or the financial statements are not in agreement '1th the accounting records; or e have not received all the inforniation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Trustees. responsibilities statement (set out on page 8). the trustees (who are also the directors of the charilable company for the purposes of company. law) are responsible for the preparation of the financial stalements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees detem)ine is necessary to enable the preparation of financial statements that are free from material misstatement. M'hether due to fraud or error. In preparing the financial Statements, the tteeS are responsible for assessing the charitable company's ability to continue as a going concern. disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable cotnpany or to cease operations, or have no realistic alternative but to do so. Auditor responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 olthe Charitie5 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 M,hether the financial statements as a ,hOle are free from material tn15Statement, whether due to fraud or error, and to issue an auditor s report that includes our opinion. Reasonable assurance is a high level of assurance: but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise frotn fraud or error and are considered material if: individually or in the aggregate, the}, 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 lam-.s 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 ii'hich our procedures are capable of detecting irregularities, including fraud is detailed below- Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance M'ith laws and regulations. was as follows. •The engagement partner ensured that the engagement team collectivelv had the appropriate competence, capabilities and skills to identify. or recognise non-compliance 1th applicable laws and regulations. -10-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2025 .We identified the laws and regulations applicable to the company from our covnmercial knowledge and experience of the charity sector. •We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations for the company. including the Companies Act 2006, tax legislation and employment legislation. .We assessed the extent olcompliance with the laws and regulations identified above through making enquiries of management. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by; .Making enquiries of managemeni as to where Ihey considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. •Considering the internal controls in place to mitigate the risks of fraud and non-compliance with laws and regulations. In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures which included, bul were not limited io. Agreeing financial statement disclosures to underlying supporting documentation. Reading the minutes of meetings of those charged M'ith governance. Enquiring olmanagement as to actual and potential litigation and claims. To address the risk of fraud through management bias and override of controls, we; Perfomied anal)tical procedures to identify any unusual or unexpected relationship5. Tested journal entries to identify unusual iransactions. Investigated the rationale behind significant or unusual transaction5. Because of the inherent limitations of an audil, there is a risk that M'.e will not detect all irregularities, including those leading to a material misstalement in the financial statements or non-compliance with regulation. This risk increases the more that compliance '1th a laM' or regulation is removed from the events and transactions reflected in the financial statements: as we ,111 be less likely to become aware of inslances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery. collusion, omission or misrepresentation. As part of an audit in accordance '1th ISAS (UK). we exercise professional judgement and maintain professional scepticism throughoul the audit. We also: Identify and assess the risks of material misslatement of the financial statements. whether due to fraud or error, design and perfomi 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. misrepresentalions, 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, but not for the purpose of expressing an opinion on the effectiveness olthe charitable company'5 internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made b), the trustees. -11-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2025 Conclude on the appropriateness of the trustees, use olthe 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 charitable company'5 ability to continue as a going concem. 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, ilsuch disc105ures are inadequate, to modifv our opinion. Our conclusions are based on the audit evidence obtained up to the date olour auditor's report. Hoivever, future events or condition5 may cause the charitable company to cease to continue as a going concern. Evaluate the overall presentatiory structure and content of the financial statements. including the disclosures. and whether the financial statemenls represent the underlj'ing transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view). 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. Use of our report This report is made solely to the charitable companys 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 auditor's report and for no other purpose. To the fullest extent permitted by la, 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 rew)r¢ or for the opinions we have fomied. Edmund Carr LLP Edmund Carr LLP Statutory Auditor 146 New London Road Chelmsford Essex CM2 OAW 6 January 2026 Edmund Carr LLP is eligible to act as an auditor in tern of section 1212 of the Companies Act 2006. -12-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Note INCOIVIE FROM Donations and Legacies Donations Grants receivable Other trading activities Fundraising Charitable activities - Community Services Rents receivable Inv¢stments.' bank interest Other 15,571 15,571 479,502 103,441 82,143 441,398 17,760 17,760 24,214 2,617,616 ?9.767 24,580 318 2,617,616 29,767 24,580 318 2,563,740 45,764 23,602 3,355 TOTAL INCOME 2,743.716 441,398 3,185,114 2,846,259 EXPENDITURE OIN Raising funds Charitable activities 11.642 2,871.701 11,642 2,978,813 1,645 2,629,239 107,112 TOTAL EXPENDITURE 2,883.34i 107,112 2,990,455 2,640,884 NET INCOME/(EXPENDITURE) (139,627) 334.286 194,659 205,375 Transfers between funds 252,606 (252,606) NET MOVEMENT IN FUNDS 112,979 81,680 194,659 205,375 RECONCILIATION OF FUNDS: Balances brought foNard 966.756 1,000,984 795,609 Balances carried forward 1,079.7J5 115,908 1,195,643 1,000,984 The charity has no reColIsed gains or losses other than the results for the period as set out above. The notes on pages 16 to 25 form part of these financial statements. -13-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Iyote FIXED ASSETS Tangible assets io 630,965 337,870 CURRENT ASSETS Debtors Cash at bank 11 136,205 1 ?16,918 283,519 1,155,057 1,438,576 CREDITORS: Amounts falling due within one year NET CURRENT ASSETS 12 (788,445) (775,462) 564,678 663,114 TOTAL ASSETS LESS CURRENT LIABILITIES 1.195.643 1.195.64J 1,000,984 1,000.984 NET ASSETS FUNDS Unrestricted general funds Designated funds Total unrestricted funds Restricted funds 13 13 274.818 804.917 438,506 528,?50 1,079,735 115,908 966,756 34,228 14 TOTAL FUNDS 1,195.64i 1,000,984 For the year ending 31 March 20?5 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies but as this company is a charity., it is subject to audit under the Charities Act 2011. Directors, responsibilities: The members have not required the company to obthin an audit of its accounts for the year in question in accordance Nvith section 476; The directors acknowl¢dg¢ their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. These financial statements were approved by the Trustees on 29 December 20?5 and are signed on their behalf by- RiGhard Crone R CRONE Truslee Company Registration Number: 04369554 The notes on pages 16 to 25 form part of these financial stalements. -14-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2025 Notes Total 2025 Total 2024 Cash flows from operating activities: Net cash provided by / (used in) operating activities 18 340,908 445,922 Cash flows from investing activities: Dividends, interest and rents from investments Purchase of property, plant and equipment Net cash provided by / (used in) investing activities 24,580 (303,627) (279,047) 23.602 (127,670) (104,068) Cash flows from financing activities: Capital repayment of borrowings Mortgage interest paid Net cash provided by / (used in) investing activities Change in cash and cash equivalents in th¢ reporting period 61,861 341,854 Cash and cash equivalents brought fonvard 1,155.057 813,203 Cash and cash equivalents carried fonvard 1,216,918 1,155,057 The notes on pages 16 to 25 forn] part of these financial Statements. -15-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement on Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I O?) (effectii'e I January 9019)- (Charities SORP (FRS 10?)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10?) and the Companies Act 2006. Mind In West Essex meets the definition of a public benefit entity under FRS I O? Assets and liabilities are initially recognised at historical cost or transaction i'alue unless otheN ise stated in the relevant accounting policy notes. The financial statements are prepared in sterling, which is the functional currency of the charity.. and rounded to the nearest £. Going Concern The trustees are of the opinion that the charity has sufficient resources to continue trading for the next 12 months from the date of signing these accounts. Incoming Resources Income in respect of contracts and service level agreements are accounted for on an accruals basis. All grants received have been treated as income irrespective of the source of the grant and the use to which the grant is put. Grants given specifically to fund expenditure in a future accounting period are treated as deferred income. Resources Expended All expenditure is accounted for on an accruals basis and includes VAT as the charity is not VAT registered. Governance costs are associated M ith th¢ governance arrangements of the charity. Shared costs are apportioned between the funds based on budgeted expenditure at the start of the year. Debtors Trade and other debtors are recogniscd at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors Trade creditors arc recognised initially at th¢ transaction price. Fixed Assets Capital items costing in excess of £1,000 are capitalised. Fixed assets are shown at historical cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset by the straight line method: Freehold property Leasehold improvements Computer equipment Fixtures & fittings 2/0 straight line over the life of the lease 33 /0 Straight line 25 /0 Straight linc -16-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICtES (continued) Fund accounting Funds held by the charity arc either: Unrestricted general funds - these are funds which can be used in accordance ivith the chariiable objects at the discretion of the trustees. Designated funds - these are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects. Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Leases Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet and deprecialed over their expected useful lives. The interesl element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the Statement of Financial Activities over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the Statement of Financial Activities on a straight-line basis over the lease terni. Pension costs The charity makes contributions to defined contribution schemes on behalf of eligible employees. The harg¢ for the y¢ar represents contributions payable in the year. 2. INCOIVIE FROM COMMUINITY SERVICES Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 Counselling Training and resilience Young people Crisis Services Phoenix Futures - Futures in Mind Support time and recovery Menthl health coaches Other contract and service income 153.515 23.928 I,J65,0?3 198,912 153,515 23,928 1,365,023 198,912 164,194 91,408 1,082,714 200,209 92,305 75,984 185,018 671,908 77.061 214,846 584.331 77,061 214,846 584,331 2,617.616 2,617,616 2,563,740 Tolal 2024 2.563, 740 2. 563, 740 The amount of income from community services relating to government organisations in the j'ear totalled £2,241,890 (20?4: £2,046,853). -17-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 3. COSTS OF CHARITABLE ACTIVITIES (BY FUIYD) Unrestricted Funds Restricted Funds Total 2025 Total 2024 Direct costs- Counselling Training and resilience Young people Crisis services Other Community services Support costs (see note 5} Governance costs (see note 6) 118,429 42,718 1.268.002 iOI,807 503,017 589.419 52,865 171,294 42,718 1,268,002 301.807 522,937 623,746 48,309 180,225 104,116 1,031,660 254,845 530,590 481,110 46,694 19,920 ? 871.701 107.11? 9.978,813 ?,699,239 Total 2024 2,i9i.02i 34,214 2,629.239 4. COSTS OF CHARITABLE ACTtvrrIES (BY ACTTvrrY) Direct costs Support and Governance costs Total Total 2025 2024 Counselling costs Training and resilience Young people Crisis services Other Community sen'ices 171,294 42,718 1,268.002 JO1.807 52? 937 49,904 12,445 369,422 87,929 152,355 221,198 55,163 1,637,424 389,736 675,292 225,491 130,266 1,290,775 318,852 663,855 2,306.758 672.055 2,978,813 2,6?9,239 Total 2024 2,JOJ.43i 527,804 2,629,239 -18-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 S. SUPPORT COSTS Unrestricted Restricted Total Funds Total Funds Funds Funds 202) 2024 Support staff costs Other staff and volunteer costs Travel and subsistence IT and website costs Rent and service charges Room hire Repairs, maintenance and utilities Advertising & promotion Printing, postage and stationery Telephone and internet Bank Charges Depreciation Other support costs 255,087 33.674 74,881 42,762 51.713 5.526 68,256 255,087 66,573 74,881 42,762 51,713 5,526 69,684 186,532 59,161 55,056 51,074 6,792 51,622 1,223 6,974 27,716 2,167 9.927 6,034 1,428 3,432 35,212 2,215 10.532 6,129 3,432 35,212 2,215 10,532 6,129 589.419 34.327 623,746 481,110 Total 2024 481. 110 481,110 6. GOVERNANCE COSTS Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 Audit fee Accounts preparation. advice and other Fees payable to auditor Lcgal and professional fees AGM & Trustees, expenses 7,933 3.967 11.900 36,409 7,933 3,967 1,900 36,409 7,620 3.810 11,430 35,264 48,309 48,309 46,694 Tolal 2024 46,694 46, 694 -19-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued YEAR ENDED 31 MARCH 2025 STAFF COSTS AND EMOLUMENTS Total staff costs were as follows: 2025 2024 Wages & salaries Social security costs Defined contribution pension costs 2,135,727 54,154 192,724 1,888,316 155,734 49,079 2,38?.605 2,093,129 Particulars of employees." The average number of employees during the year (headcount) was 92 (2024: 93). The number of employees w'hose emoluments in the year fell within the following bands was: 2025 2024 £60,000 - £69,999 £70,000 - £79,999 Remuneration paid to key management personnel of the charitable company during the }'ear totalled £71,621 (2024: £68,212). During the year the charitable company made employer contributions of £54,154 (2024.. £49,079) into defined contributions pension schemes on behalf of employees. These are recognised in the Statement of Financial Activities. NET OUTGOING RESOURCES FOR THE YEAR 2025 2024 This is stated after charging- Depreciation 10,532 9,927 TRUSTEES, REMUNERATION None of the Trustees were paid any remuneration by the charity during the period. Truste¢s ar¢ reimbursed r¢asonabl¢ exp¢ns¢s incurred when acting on behalf of the company. No expenscs were reimbursed to Trustee5 during the current or prior year. -20-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 10. TANGIBLE FIXED ASSETS Leasehold property & Computer improvements equipment Freehold property Fixtures & fittings Total COST As at l April 2024 Additions Disposal At 31 March 2025 250,000 167.500 271,272 8,777 21,461 21,082 10,894 447,359 303,627 ?50.000 438.77? 30.238 31,976 750.986 DEPRECIATION As at l April ?0?4 Charg¢ for th¢ period At 31 March 2025 45.000 5.000 50.000 42,500 6,046 2,678 8,724 15,944 2,854 18,797 109,489 10,532 120,021 42,500 NET BOOK VALUE At 31 March 2025 ?00.000 396.?72 21,514 ?,731 13,179 5.138 630,965 337,870 As at l April 20?4 ?05.000 195,000 Leasehold propert! costs of £396,272 for the period have incurred no depreciation charge as the property has not yet been brought into use. 11. DEBTORS 2025 2024 Grant and contract debtors Prepayments Accrued income 115,206 12,908 8,091 238,045 38,233 7,241 136.20) 283,519 12. CREDITORS: Amounts falling due within one year 2025 2024 Trade creditors Taxes and social security Other crcditors Accruals Deferred income 65,498 50,468 301,920 48,189 322,370 20,153 41,098 340,033 14,495 359,683 788.44) 775,462 Deferred income brought forward of £115,753 was released in the current year and income of £78,440 was deferred. Deferred income relates to receipts under service contracts for work not yet completed. -21-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 13. UNRESTRICTED FUNDS Currentyear.. Movement ill resources: Balance at l Apr 2024 Incoming Balance at Transfers 31 Mar 2025 Outgoing Designated funds a) Counselling Bursaries b) UCH- Essential Building Works c) Project development d) New premises - Harlow e) Fixed Assets 4,595 23.728 73,805 88,252 337.870 528.2iO 438.506 966.7)6 (i,3iO) (7.310) (7.585) 1,265 18,606 66,220 87,861 630.965 804,917 274,818 1,079,735 2.188 (10,53? 303.6?7 (29.148) 303.627 (2.854.195) (51.021) (?.88i.343) 252,606 2.188 2,741.528 2.743.716 General unr¢strict¢d fvnds Prioryear.. Movement ill resources: Balance at l Apr 2023 Incoming Balance at Transfers 31 Mar 2024 Outgoing Designated funds a) Counselling Bursaries b) UCH- Essential Building Works c) Project development d) New premises - Harlow e) Fixed Assets 5,000 21.494 91,573 165,000 220.127 50i.194 250,119 75i.i13 (405) (7.428) (17,768) (76,748) (9,927) 127.670 (112.276) 127,670 (2.494.394) (71.670) (?.606.670) 56,000 4,595 23,728 73,805 88,252 337,870 528,250 438,506 966,756 9.662 9.662 2,754.451 2.764.113 General unr¢strict¢d funds a) This fund is to provide bursaries to cover counselling clients in crisis. b) This represents the fund used to maintain ihe building at UCH. c) Funds designated by the Trnstees to cover project development and organisation development including community posts. d) Funds designated towards the purchase and renovation of a building to serve as our base in Harlow. e) This fund represents the fixed assets of the charity. Fixed assets purchased are transferred to this fund. -22-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 14. RESTRICTED FUNDS Curreniyear.. Movement in resources: Balance at l Apr 2024 Balance at 31 Mar 2025 Incoming Outgoing Transfers a) Memorial gift b) ECC online platfom) c) Household Fund d) Harlow building Fund e) Counselling Fund fj Dunmow Building Fund g) Armed Forces Fund h) Veterans Fund i) Harlow Health Trust Conference j) Carver Bamicks Fund k) SSH - Digital l} Other restricted funds 365 31,999 1.864 (365} (6,441) (1,8fv1} (1,428) (271,272) (10,737) (15,920) 25,558 303,757 31,057 10,619 23,746 9,983 21,000 9.983 24,879 4.000 18,666 (24,879) (4,000} (13,355) (26,093) (2.030) (107,112) (25?.606) 232 12,983 1,730 115.908 39.076 3,760 441.398 Prioryear." Movement in resources: Balance at l Apr 2023 Balanee at 31 Mar 2024 Incoming Outgoing Transfers a) Memorial gift b) ECC online platfonn c) Household Fund d) Harlow building Fund e) Counselling Fund l) Other restricted funds 365 31,999 9.932 365 31,999 1,864 (8,068) 56.000 1.000 25,146 (56.000) ( 1,000) (25,146) (34,214} 42,296 (56.000) 34,228 a) This represent5 a memorial gift from a Loughton family. b) A grant from Essex Count), Council to support and improve the online volunteer platfonn. c) To help vulnerable people with the soaring cost of living. d) Grants towards the purchase and renovation of a building in Harlow. Capital expenditure has been transferred to the designated Fixed Assets fund. e) A donation was received towards the provision of counselling services. Grant for HSCN Line and Software for Rotas and H&S Reporling. g) A grant to add additional support io the work we are aladY undertaking at Carver Barracks including groups and targeted interventions. h) A grant to work ai Carver Barracks supporting Families of serving personnel along side the army welfare team. A} A grant towards a conference we delivered on Transfomlaiive practices . Strategies and models in Early interventions at Harlow Playhouse. j) A grant to purchase furniture for the Barrack5 House and Community Centre. k) The SSH Project is funded by National Mind, it is a guided self-help model model based on the principles of cognitive behavioural therap). {CBT). l} Other restricted funds, including funds raised by Advanced Aquarium through fundraising for counselling bursaries and a Grant for'Let's Talk Essex, campaign thai hosts podcasts. -23-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 15. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds) Curreniyear.. Tangible Creditors rixed assets due > l year Other net assets Total Reslricted Designated Unrestricted 115.908 173,952 274,818 564,678 115,908 804,917 274,818 1,195,643 630.965 630.965 Prioryear.. Tangible Creditors rixed assets due > l year Other net assets Total Reslricled Designated Unrestricted 34.228 190,380 438,506 663,114 34,228 528,250 438,506 1,000,984 J37.870 337,870 16. COMMITMENTS UNDER OPERATING LEASES At 31 March 2025 the total of the charity"s future minimum lease payments under non-cancellable operating leases was: 2025 2024 Within l ycar Within 2 to 5 years 30,064 39,940 13,750 6,875 70.004 20,625 17. RELATED PARTIES Alison Wilson is on the uttlesford Health and Wellking Board and is Co Chair of the Essex Alliance Steering Group. She is on the VCFSE Hertfordshire and West Essex Steering Group. Lois Spark¢s is on the Harlow Live Well and Work Well Board and Hertfordshire and West Essex Suicide Prevention Group. Mind in West Essex have entered into a partnership with Essex Mind. -24-
MIND IN WEST ESSEX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 18. RECOINCILIATIOIN OF INET MOVEMENT IIN FUNDS TO NET CASHFLOW FROM OPEIL4TING ACTIVITIES Total 2025 Total 2024 Net movement in funds for the reporting period (as per the statement of financial activities) 194.659 205,375 Adjuslmenlsfor.. Depreciation charges Dividends, interest and rent from investments (Increase) / decrease in debtors Increase / (decrease) in creditors 10,532 (24.580) 147,314 12.983 9,927 (23,602) 11,664 242,558 Net cash provided by l (used in) operating activities 340.908 445,922 19. COMPANY LIMITED BY GUARAINTEE Every member of the company undertakes to contribute to the assets of the Company in the event of the same being wound up during the time helshe is a member: or V¥ithin one year afterwards, for the payments of the debts and liabilities of the company contracted before the time at which helshe ceases to be a member and of the costs, charges and expenses of winding up the same, and for the adjustments of the rights of the contributors among themselves such amount as may be required not exceeding one pound. -25-