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2021-03-31-accounts

Mind In Mid Herts

Trustees’ Annual Report & Financial Statements

Year ended 31 March 2021

Registered Charity Number: 1101678 Registered Company Number: 04746078 (England and Wales)

Mind In Mid Herts Year ended 31 March 2021

Contents
Page
Legal and Administrative Information 1
Report of the Trustees 2 - 10
Auditor's Report 11 - 14
Statement of Financial Activities 15
Balance sheet 16
Statement of Cash Flows 17
Notes to the Financial Statements 18 - 23

Mind In Mid Herts Year ended 31 March 2021 Legal and Administrative Information

Mind In Mid Herts is registered as a charity and is a company limited by guarantee governed by its Articles of Association.

Company No. 04746078 Charity No. 1101678

Directors/Trustees

The directors of the Charitable company (the Charity) are its trustees for the purposes of charitable law and, throughout this report, are collectively referred to as the trustees.

The trustees serving during the year and since the year end were as follows:

Trustees Narcis Marian Balalau Ian Callaghan Sandy-Lee Connolly Shona Luann Davies Rose Beynon-Dupuy Resigned 31 May 2021 Alexis Louise Ernst Isaac Kenyon Dominic Mahabir Neil Kavin Margereson Paul Ronald (Chair) Peter Michael Walsh Resigned 6 July 2021 Laura Tyrrell Danielle Yvette Adams Appointed 14 May 2021 Michaela Clark Appointed 14 May 2021 Patron – Alon House Project Rosemary Farmer Registered and Principal Office 11 Hatfield Road St Albans Hertfordshire England AL1 3RR Auditors Moore Kingston Smith LLP 4 Victoria Square Victoria Street St Albans Hertfordshire AL1 3TF Bankers CAF Bank Limited P O Box 289 West Malling Kent ME19 4TA Solicitors Crane & Staples Longcroft House Fretherne Road Welwyn Garden City AL8 6TU

Page 1

Mind in Mid Herts

Report of the Trustees for Financial Year End 2021

Introduction

Firstly, can we thank you for taking the time to read our report, as a charitable organisation we rely on the support of individuals and organisation who like you have a positive interest in what we do. Your support is invaluable to what we have set out to do and we never forget to express our gratitude.

This part of the Annual Report contains the key reflections of both of us as Chair and CEO. It is the 6[th] report we have prepared together and is for the reasons set out below, the one, which on balance, that we are the proudest to present. This assessment is not made lightly and throughout the last 6 years, we have both been consistently overwhelmed by the commitment and dedication that our staff and volunteers have provided. Yet in 2020-2021, as we describe below, MiMH has surpassed all expectations, with so many of the team having gone above and beyond in supporting the users of our services, by maintaining access and support at this time of huge uncertainty and disruption. To give an indication of the value and success of our efforts throughout the year we can share that in 2019-2020, we supported 1267 people and in 2020-2021, we have supported 1840. This is an increase of over 45% at a time when contact and keeping connected was so much more challenging yet so vital to the wellbeing and recovery of so many.

We connected with people on the telephone, by email, online and in person when it was needed.

During 2020 we saw the emergence of the “Clap for Carers” and then the “Clap for Heroes” movements which showed the huge public appreciation for those who care and support those in need. Originally focussed on the NHS, this was quickly extended to cover the valuable work of the wider public and third sectors, of organisations like ours, of the staff and volunteers who work tirelessly to care for those who need our services. This recognition was hugely deserved and in truth well overdue.

As the country continues to recover from the exceptional period it has endured since March 2020, we know that the future for healthcare will be different. The recent Health & Social Care White Paper heralds a number of future changes within the sector including the establishment of ICS health and care partnerships. Whilst not mandated, the membership of these partnerships is expected to include charity/voluntary sector organisations and can provide greater opportunity for organisations like ourselves to influence the response to the future health, public health and social care needs of our population. The White Paper signals a shift towards a new model of collaboration, partnership and integration.

What we seek to show below is how MiMH is already working collaboratively with a number of partners to provide new services in Hertfordshire embracing and shaping new ways of working.

Our Vision

“We will work to ensure the mental health of everyone in Hertfordshire is supported and respected”

Our Mission

“ Providing prevention, recovery and support services in Hertfordshire to empower people to take control of their mental health.”

Page 2

Our Values

National Accreditation

A key highlight in 2020-2021 has been the award by National Mind of the quality accreditation, the Mind Quality Mark (MQM). This accreditation is mandated for all Mind organisations and is a very thorough evaluation and peer review that examines all the key elements of a wellgoverned high performing organisation. This is a tremendous team achievement and demonstrates how we can work flexibly with a localised focus whilst maintaining nationally set standards and processes.

One of the comments that we were most pleased to hear from the assessors was:

“People feel valued, collectively working to do the best they can. The review team were impressed by the focus on wellbeing and the internal training and development provided which enhances and validates the skills of the workforce. The opportunities for volunteers are particularly strong. It is clearly a positive experience working in the organisation”

Our Services

The focus on supporting and valuing staff is a core principle and has been fundamental to MiMH remaining resilient throughout this challenging period. At the end of March 2020 MiMH like many organisations had to look closely at its ways of working, adapting, developing and redesigning services to continue to support people through Covid-19 lockdown whilst allowing staff to remain safe and feel secure. This rapid review included:

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Thank you so much for the buddy box I have received today, it is lovely. I especially like the wellbeing journal (and the chocolate of course).

I have been feeling very down at the moment, and this has cheered me up, it is much appreciated.

Hi, received my buddy box today. I live on my own and have severe anxiety & stress was so overwhelmed you had thought of me for a buddy box thank you so much means so much to me big thank u to all involved best wishes

Dear Mind in Mid Herts team,

My Winter Buddy Box arrived in the post today, what a truly wonderful surprise!

My children and I have been going through a challenging time for the last several months. Support from Mind in Mid Herts has certainly helped me to cope, support the children and their mental health and to keep taking steps forward, even when I can't see my future.

Receiving my Buddy Box today really brightened my day. So often the postman brings bad news, so it was really lovely to get something to make us smile today. The children were also very excited and I will be sharing some of the treats with them. Thank you to all involved.

Training

You can see above that we have continued to grow and develop the range of courses we offer. It is one of the things that we are proudest of.

New Courses were being developed throughout 2020 with most the recent new course being Getting Ready for Work. This six-week course enables participants to gain an understanding of their own readiness for work and develop tools and strategies to support their development and confidence.

All online courses are delivered via Zoom by an experienced Mind in Mid Herts trainer, giving people all the benefit of face-to-face support in their own homes.

Training & Development during 2020-2021 was exceptionally challenging; corporate sessions that had been booked were cancelled and the training plan was abandoned to account for change of delivery and content that was needed as a result of the Coronavirus pandemic. The Life Skills courses were re-designed and re-branded to become ‘Living Well’ and these were delivered online. The majority of people who have engaged with these courses were new

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to our services so we also needed to create a new process for registering these attendees, as assessing this number of people was not feasible. We also wanted to create a service that was easily accessible and as such attractive to people who may not consider themselves to have a ‘mental health problem’.

I enjoyed the course so much! It has helped a lot. Wish it could go on longer! Developing Self-compassion

The content of the course was well balanced and the team delivering it was very friendly and supportive. Staying Well at Work

The trainers were very good at presenting and engaging, using some of their own personal examples really helped my confidence Learning to Relax

Volunteers

MiMH has always been reliant on the dedication of our volunteers and never more so over this period. We have been able to double the number of volunteers supporting our work and this has been essential to our success in reaching out and maintaining contact with service users, with volunteers at the core of our Keeping in Touch calls, and the brand-new service – befrienders/buddies. In March 2020, we were fortunate to have 31 volunteers delivering 46 hours of support weekly and now we have over 70 volunteers delivering over 100 hours every week. We would not be able to operate without all of this commitment.

Volunteers are essential to the smooth running of the organisation. When anyone wishes to volunteer with MiMH, a coordinator will interview them and complete the relevant forms to match their skills to the projects within the organisation. We have volunteers who support administration and all of the projects and activities mentioned in this report. We have links with Volunteer Centres and CVS in our areas and we continue to maintain the 6-point promise Accreditation.

We ensure that all volunteers stay well by regular de-briefs, supervision and a robust personal development plan that includes training in mental health awareness; spot the signs save a life and specific training to do with the role they are delivering i.e. KIT calls or befriending.

I have been volunteering since January 2021 and I honestly haven’t looked back since. I have always been aware of Mind in Mid Herts and the great work that they do. One of my friends was a previous employee so I was regularly hearing about the important projects Mind in Mid Herts were doing .

I started my Mind in Mid Herts journey through a fundraiser, running 100km in 30 days and raising over £800, but more importantly mental health awareness. I wanted to do more; I wanted to help people who may have been feeling the same way as my friend. I got in touch with Mind in Mid Herts about their volunteering opportunities and from there I started training for their ‘Keeping in Touch Calls’, which are regular calls to check in with people who feel they need extra support and someone to speak to or to listen.

I would 100% recommend anyone to volunteer, it is so fulfilling to know and hear that you are helping people who really need some extra support. For me, it is so worth giving up an evening of my week because I know how valuable it is to the people on the other end of the phone. (From Izzy’s blog on our website)

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Partnerships

We have been commissioned to work with Central London Community Healthcare Trust (CLCH) in West Herts to deliver physical health checks for people with serious mental illness (SMI). This has been a great initiative to improve the life chances of people with SMI. On average, a person diagnosed with a SMI lives between 15 and 20 years shorter than someone without a SMI. Following the success of the project, it has recently this has been expanded to cover the whole of Hertfordshire and we have increased our team from 1 to 3 people.

We were excited to work with Dr Alison Cowan and her team in St Albans to offer a children and young people’s (CYP) clinic every Thursday, again thanks to funding from our Commissioners. This clinic enables CYP to be seen quickly by a GP and ensure they are getting support for their mental health early.

We are also partners in the Young Peoples healthy hub in Stevenage offering counselling to young people, 3 evenings a week on the telephone or in person at our centre. Thanks to funding from Stevenage Borough Council through the Public Health initiative to have a healthy hub in every district.

Finance and our Funders

You will read elsewhere in the report that thanks to the continuing generosity of our external commissioners and the work of our own staff and volunteers we have seen an increase in funding this year and have reported a small surplus that can help support our future work. Clearly, the financial position for all third sector organisations remains uncertain but this year’s finances will help and enable us to make some small investments to support future potential projects.

We have been pleased to continue our out-reach work in North Herts – thanks to funding from North Herts District Council.

Thanks to the Lloyds Bank Foundation, National Lottery and Julia and Hans Rausing Trust for Covid-19 emergency funding that enabled us to continue operating as safely as possible, investing in Personal Protective Equipment for our centres and ensure that we did not lose services with the loss of income from trading, fees and fundraising.

We remain eternally grateful to the Community Wellbeing, Integrated Community Commissioning, Adult Care Services for a grant and donations from HCC councillors.

In 2020-2021 we were the humble recipients of a further donation from Ehud and Shlomit Eliashar for the Alon’s House Project, which following the addition of gift aid on the further donation takes the total funds received to over £700,000. This restricted funding, which is so generously provided, is a foundation to fund our own freehold building to support the delivery of services in the Welwyn/Hatfield/St Albans area. This is an exciting opportunity for MiMH to create a much more secure future, giving the people who use our services the confidence that we will support them for as long as they require us to.

Never more, than after this last year, when things have been so unpredictable, has it been important for Mind in Mid Herts to have a solid, secure foundation for the future. We know that the next months and years will bring greater uncertainty and challenge and we need a centre, which provides a range of services to support those who need it. We want to ensure that no one feels that the only choice they have is to take their life.

The pandemic has meant that we have had to focus on adapting, developing, and redesigning services to continue to support people through Covid-19 lockdown. This has meant slower progress on realising our ambition for Alon’s House. Recently we have commissioned specialists in capital fundraising to advise, help steer, and plan our fundraising campaign to reach a target that will ensure that we can have a facility fit for purpose, with full disabled

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access, 21[st] century environmentally healthy and that we can be proud of not contributing to the climate emergency. We look forward to reporting early in the New Year on our plans to realise this ambition

Financial Review

The financial results for the organisation are set out in pages 15 to 23 of this document. As always, our financial focus as a Trustee Board is to maximise our income generation whilst ensuring that we have appropriate systems and processes in place to enable safe and effective working for our staff and volunteers and to meet the increasing compliance requirements. The Trustees made the decision to continue to contract a Bid Writer to support the essential application for additional funding to support existing and additional services and to cover our core overhead costs. Once again, we set stretching targets for additional grant/bid income and fundraising activities. Whilst the year was challenging, as mentioned above, we were very successful in securing funds to support our service users through the pandemic and cover our overheads, as we did not have the income we would normally get from fees when our centres are open and the normal fundraising activities we would benefit from were restricted.

The financial challenges faced within both the wider charitable sector and specifically within the health sector continue to be very real and ongoing. Despite the challenging circumstances, we were able to end the year with a small surplus. In addition, our investment product recovered from the paper loss recorded to last year and posted a small gain.

In relation to the detail of our financial performance, we would highlight the following:

Our income from ordinary activities for the year totalled £855,976, excluding an additional donation and corresponding gift aid contributions and interest payments totalling £313,216 to the restricted funds for the Alon’s House project. This income from ordinary activities is a very healthy increase of 18.8% over FY20 income from ordinary activities as shown in the graph below. Our success in securing Covid-19 specific funding was a significant factor in this increase.

----- Start of picture text -----
Income
1,000,000
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
FY 17 FY 18 FY 19 FY 20 FY 21
----- End of picture text -----

Income growth in the 5 years to FY21 is 29.5%, which is very respectable in the current climate and reflects the continuing hard work at finding and bidding for new funding opportunities and the focus on community fundraising activities. Our contract income has remained at the same levels of FY20; it is the smaller grant opportunities, which vary year on year.

The income is comprised of grants £737,497, donations and other fundraising activities £112,280 and investment income of £3,111.

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Looking at expenditure, our total costs for the year were £809,701 of which payroll costs of £594,297 were the principal outgoing and support costs of £193,568.

Balance Sheet

Our unrestricted reserves have increased to £172,515, reflecting our success in obtaining Covid-19 specific funding, enabling the addition of the majority of our fundraising income to the reserves to give us a cushion for the coming year where obtaining additional grant funding is likely to be more challenging. The reserves policy requires that we hold unrestricted reserves to cover us for a short-term loss of grant funding whilst we secure replacement funding to enable the Charity to ensure service users receive uninterrupted access to service from the contracted and non-contracted (but committed) services.

Future Plans

Our financial strategy is to continue to seek to grow our funding base both through developing our relationships with our existing funding bodies and to seek new funding sources including our voluntary and activity related income. In addition, in the coming financial year the Trustee Board are continuing their commitment to increasing support to the management team and in making substantial progress towards the delivery of our major capital project.

In early 2021, we commenced work refreshing our strategy to ensure we take the learning from the last year and recalibrate our ambitions and priorities. This work, which has been brilliantly facilitated by the Lloyds Banking Group, has identified the following three key elements, which will underpin our work over the next period.

Our Trustees

We cannot talk about any year without recognising the tremendous support given by our Trustees. Our trustees have been more involved than ever this year attending team and management meetings, bringing their valuable skills and experience to support the management and staff.

Everyone has their personal stories and challenges from this period but despite whatever challenges the pandemic has given, our Trustees have never wavered in their support making themselves available to give advice and practical support.

Auditors

Moore Kingston Smith were appointed as auditors for the year ended 31 March 2021.

Our Gratitude

MiMH would like to thank the following for their support with grants and funding during the year: Integrated Health and Care Commissioning team for Hertfordshire County Council, Hertfordshire Partnership NHS Foundation Trust (HPFT), Central London Community NHS Trust (CLCH), St Albans Federated GP’s, Lloyds Bank Foundation, National Lottery with Her Majesty’s Government and National Lottery players, Julia Hans Rausing Trust, Garfield Weston, Edward Gostling, National Mind and the English Football League, Active Sports Partnership, National Mind and the Pears Foundation, Hertfordshire Community Foundation, North Herts District Council, Stevenage Borough Council, St Albans District Council, Welwyn Hatfield Borough Council and East Herts District Council, Schreirer Foundation, 29[th] May 1969

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Trust, Shanly Foundation, Stevenage Community Trust and Barratt Development Plc. Charity Foundation

And to all the people who raised funds for us:

The Trustee fundraising subcommittee wrote to county councillors, and we have received £11K in donations, Chesfield Downs Golf Club Captain, Emma – from Lucy Peach Slice, we received a donation from Harpenden Parish, East Herts Lottery, Fairview Residents Association, St Albans Rotary - Swimathon, WGC Male Voice Choir. Chipping Barnet Masonic Lodge, St Faiths Church, Core Fitness, Cleveland, Scott & York, Ernst Hunter & Green, Burston Garden Centre, Noble Solicitors and Strutt & Parker, Waitrose Harpenden

As ever, the Trustees wish to express their appreciation for the commitment and enthusiasm of all the staff and over 100 volunteers who give their time to the charity, and without whom MiMH would be unable to achieve its objectives.

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Mind In Mid Herts Year ended 31 March 2021 Trustees' Responsibilities Statement

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

Company law requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charitable company and of its income and expenditure for that period. In preparing these financial statements, the trustees are required to:

 Select suitable accounting policies and then apply them consistently.

 Make judgements and estimates that are reasonable and prudent.

 State whether applicable accounting standards, including FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements.

 State whether a Statement of Recommended Practice (SORP) applies and the methods and principles in the SORP have been observed, subject to any material departures which are explained in the financial statements.

 Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

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

None of the Trustees had any beneficial interest in any contract to which the Charitable Company was party during the year.

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Mind In Mid Herts Year ended 31 March 2021

Independent auditor's report to the Members of Mind In Mid Herts (continued)

Opinion

We have audited the financial statements of Mind In Mid Herts (‘the 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, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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 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.

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Mind In Mid Herts Year ended 31 March 2021

Independent auditor's report to the Members of Mind In Mid Herts (continued)

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 there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, 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.

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Mind In Mid Herts Year ended 31 March 2021

Independent auditor's report to the Members of Mind In Mid Herts (continued)

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in 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.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

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Mind In Mid Herts Year ended 31 March 2021

Independent auditor's report to the Members of Mind In Mid Herts (continued)

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

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.

Other matter

The comparative figures in the financial statements of Mind In Mid Herts were unaudited as the company did not require a statutory audit under the Companies Act 2006 and the Charities Act 2011.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members 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 law, we do not accept or assume responsibility to any party other than the charitable company and charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Silvia Vitiello

for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

4 Victoria Square St. Albans Hertfordshire AL1 3TF

Date:

Page 14

Mind In Mid Herts Year ended 31 March 2021

Statement of Financial Activities

Note
Income and endowments from:
Donations and legacies
2
Charitable activities - grants
3
Charitable activities - other
4
Investments
5
Total
Expenditure on:
Raising funds
6
Charitable activities
6
Total
Net gains/(losses) on investments
8
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
funds
Restricted
funds
Total
funds 2021
£
£
£
79,700
313,216
392,916
126,165
614,420
740,585
32,580
-
32,580
3,111
-
3,111
241,556
927,636
1,169,192
7,600
43,031
50,631
117,520
641,550
759,070
125,120
684,581
809,701
14,570
-
14,570
131,006
243,055
374,061
(67,020)
67,020
-
63,986
310,075
374,061
108,529
406,632
515,161
172,515
716,707
889,222
2021		 Unrestricted
funds
Restricted
funds
Total funds
2020
£
£
£
107,905
6,632
114,537
-
551,205
551,205
51,086
-
51,086
3,834
-
3,834
162,825
557,837
720,662
2,994
35,384
38,378
104,818
595,967
700,785
107,812
631,351
739,163
(11,458)
-
(11,458)
43,555
(73,514)
(29,959)
(80,146)
80,146
-
(36,591)
6,632
(29,959)
145,120
400,000
545,120
108,529
406,632
515,161
2020
(unaudited)

The statement of financial activities includes all gains and losses recognised in the year and all income and expenditure derived from continuing activities.

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Mind In Mid Herts Year ended 31 March 2021

Balance sheet

Note
Fixed assets:
Tangible assets
7
Investments
8
Total fixed assets
Current assets:
Debtors
9
Investments
10
Cash at bank and in hand
Total current assets
Liabilities:
Creditors: Amounts falling due with
11
Net current assets
Total assets less current liabilities
Total net assets or liabilities
The funds of the charity:
Restricted income funds
12
Unrestricted funds
12
Total charity funds		 2021
£
5,869
77,154
83,023
41,988
472,273
389,516
903,777
(97,578)
806,199
889,222
889,222
716,707
172,515
889,222		 2020
(unaudited)
£
8,120
62,584
70,704
21,267
78,079
382,496
481,842
(37,385)
444,457
515,161
515,161
406,632
108,529
515,161

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements on pages 15 to 23 were approved by the Board of Trustees and signed on its behalf by:

paul ronald

…………………………………..

Paul Ronald Trustee

October 29th 2021

…………………………. Date

Company number: 04746078

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Mind In Mid Herts Year ended 31 March 2021

Statement of Cash Flows

2021
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities (note 16)
402,609
Cash flows from investing activities:
Dividends, interest and rents from investments
3,111
Purchase of property, plant and equipment
(4,506)
Investment deposits
(394,194)
Net cash used in investing activities
(395,589)
Change in cash and cash equivalents in the reporting period
7,020
Cash and cash equivalents at the beginning of the reporting period
382,496
Cash and cash equivalents at the end of the reporting period
389,516		 2020
(unaudited)
£
(8,096)
3,834
(8,598)
(4,764)
(12,860)
395,356
382,496

Page 17

Mind In Mid Herts Year ended 31 March 2021 Notes to the financial statements

1 Accounting policies

1.1 Basis of preparing the financial statements

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The company is a public benefit entity for the purposes of FRS102 and a registered charity established as a company limited by guarantee and therefore has also prepared its financial statements in accordance with the Charities SORP FRS 102 (second edition - October 2019) - 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 and the Companies Act 2006 and Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

The Board have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern including the impact of Covid-19 pandemic. The Board have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the Board have considered the charity's forecasts and reserves and have concluded that the going concern basis remains appropriate.

The comparative figures (year ended 31 March 2020) included within the financial statements for the year to 31 March 2021 were not subject to a statutory audit as they did not fall within the requirements for an audit and the Trustees considered an Independent Examination would be sufficient. The activities and balances for the year to 31 March 2021 have been subject to a statutory audit.

1.2 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.

1.3 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.

1.3a Raising funds

Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading.

1.3b Allocation and apportionment of costs

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, and others are apportioned on an appropriate basis.

1.4 Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost or valuation of each asset less any estimated residual value, over its estimated useful life. Fixtures and fittings and Computer equipment straight line over 3 years Website straight line over 5 years

Individual fixed assets costing £100 or more are capitalised and recorded at cost.

1.5 Taxation

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

1.6 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

1.7 Operating leases

Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.

1.8 Investments

Investments held as fixed assets are revalued at mid-market value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities.

Page 18

Mind In Mid Herts Year ended 31 March 2021 Notes to the financial statements

1.9 Financial instruments

Cash and cash equivalents include cash at banks and in hand and short term deposits with a maturity date of three months or less.

Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price.

2 Donations and legacies

Unrestricted Restricted Total 2021
£
£
£
Donations
79,700
250,591
330,291
Gift Aid
-
62,625
62,625
79,700
313,216
392,916
Charitable activities - grants
Unrestricted Restricted Total 2021
£
£
£
Grants
126,165
604,621
730,786
-
9,799
9,799
126,165
614,420
740,585
Grant analysis:
East & North Herts, Herts Valleys CCG’s and Hertfordshire County
Coronavirus Job
Retention Scheme		 UnrestrictedRestricted Total 2020
£
£
£
107,905
6,632
114,537
-
-
-
107,905
6,632
114,537
UnrestrictedRestricted Total 2020
-
551,205
551,205
-
-
-
-
551,205
551,205
2021
2020
£
£
Council
33,444
33,444
65,644
65,644
37,483
37,483
49,568
49,568
28,068
28,068
39,916
39,916
15,136
15,136
24,900
27,690
59,758
59,758
28,197
30,872
-
2,650
43,224
34,918
76,165
-
15,000
15,000
-
5,000
8,749
-
51,735
-
7,930
-
33,139
31,939
5,000
-
25,057
36,850
23,423
21,269
39,390
-
12,000
12,000
2,660
-
5,200
4,000
730,786
551,205

Hertford - Hertfordshire County Council
Psychological Services - NHS/Hertfordshire County Council
Social support
Specialist Groups including Carers- Hertfordshire County Council
Stepping Stones - Hertfordshire County Council
Vocational Support
Welwyn Garden City Office- Hertfordshire County Council
Hertfordshire Partnership University NHS Foundation Trust
DIT Project
IAPT- Hertfordshire Partnership Foundation NHS Trust
Spot the Signs Hertfordshire Partnership Foundation NHS Trust
Blue light project
St Albans - Mental Health
Small Grants
Garfield Weston
Edward Gosling Foundation
Central london NHS Trust
Hertfordshire County Council Miscellaneous Grants
Lloyds Bank Foundation - unrestricted
Lloyds Bank Foundation
Mind National - unrestricted
Mind National
National Lottery
National Lottery - Covid 19 - unrestricted
North Herts DC
Stevenage Borough Council
Welwyn and Hatfield BC

3 Charitable activities - grants

4 Charitable activities - other

Sundry income Unrestricted Restricted Total 2020
£
£
£
32,580
-
32,580
32,580
-
32,580		 UnrestrictedRestricted Total 2020
£
£
£
51,086
-
51,086
51,086
-
51,086

Page 19

Mind In Mid Herts Year ended 31 March 2021 Notes to the financial statements

5 Investment income

2021
£
Bank interest
3,111
3,111
6
Expenditure analysis
2021
£
Direct cost
Staff costs (including expenses)
603,633
Bidding
24,669
Project costs
29,847
658,149
Support costs
Premises and insurance
49,092
IT costs
22,141
Office running
25,751
Depreciation
6,757
Audit/accountancy
8,148
Affiliation fees
5,967
Consultancy
12,936
Counselling
-
Publications
-
Other
3,849
Covid-19 costs
10,263
Professional fees
565
Advertising
6,083
151,552
Total
809,701
6.1 Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2021
£
Depreciation
6,757
Audit
8,148
6.2 Trustees' remuneration and benefits		 2020
£
3,834
3,834
2020
£
566,590
16,131
-
582,721
48,987
14,570
48,085
6,800
4,840
2,294
6,320
21,808
1,962
776
-
-
-
156,442
739,163
2020
£
6,800
4,840

The charity paid no salary nor benefits to any trustees for either this year or last. The charity paid £nil (2020 - £nil) towards travel costs of the trustees.

6.3 Staff costs

Salaries and wages
Social security costs
Employer's pension contributions		 2021
£
548,801
31,592
13,904
594,297		 2020
£
511,425
28,137
9,681
549,243

Average number of employees was 36 (2020: 35).

No employees received emoluments in excess of £60,000 (2020: none). Key management personnel received remuneration of £205,618 (2020: £189,570)

Page 20

Mind In Mid Herts Year ended 31 March 2021 Notes to the financial statements

7 Tangible fixed assets

Cost
At 1st April 2020
Additions
At 31st March 2021
Depreciation
At 1st April 2020
Charge for year
At 31st March 2021
Net Book Value
At 31st March 2021
At 31st March 2020		 Fixtures and
fittings
Computer
equipment
and Website
Total
£
£
£
18,210
46,590
64,800
-
4,506
4,506
18,210
51,096
69,306
17,123
39,557
56,680
595
6,162
6,757
17,718
45,719
63,437
492
5,377
5,869
1,087
7,033
8,120

8 Fixed Assets Investments

Market Value
At 1st April 2020
Revaluations
At 31st March 2021
Net Book Value
At 31st March 2020
At 31st March 2019
There were no investment assets outside the UK.
All investments are held primarily for an investment return.		 Listed investments
£
62,584
14,570
77,154
77,154
62,584

9 Debtors

Trade debtors
Prepayments and accrued income		 2021
£
39,359
2,629
41,988		 2020
£
20,667
600
21,267

Page 21

Mind In Mid Herts Year ended 31 March 2021 Notes to the financial statements

10 Current Assets Investments

----- Start of picture text -----
2021 2020
£ £
Investment bond - 78,079
Cash investments 472,273 -
472,273 78,079
11 Creditors: Amounts falling due within one year
2021 2020
£ £
Trade creditors 11,014 2,017
Deferred income 74,091 20,745
Accrued expenses 8,930 14,623
PAYE payable 3,543 -
97,578 37,385
11b. Deferred income 2021 2020
£ £
Deferred income at 1 April 20,745 6,650
Resources deferred in the year 74,091 20,745
Amounts released from previous years (20,745) (6,650)
Deferred income at 31 March 74,091 20,745
----- End of picture text -----

12 Funds

Unrestricted Fund
Restricted Funds:
Grants
Donations		 Balance
b/fwd
Income
Expenditure
Transfers
Gains and
losses
Balance
c/fwd
£
£
£
£
£
£
108,529
241,556
(125,120)
(67,020)
14,570
172,515
-
614,420
(641,550)
27,130
-
-
406,632
313,216
(43,031)
39,890
-
716,707
515,161
1,169,192
(809,701)
-
14,570
889,222

Unrestricted funds are those funds which are not restricted or designated as committed to specific projects.

Restricted funds have accumulated through donations for the specific purpose of acquiring a building, in memory of a young man who took his life, to provide MiMH with a long term secure future for delivery of services.

13 Analysis of net assets between funds

Fixed assets
Current assets
Current liabilities		 Unrestricted
Fund
Restricted
Funds
Total
£
£
£
83,023
-
83,023
187,070
716,707
903,777
(97,578)
-
(97,578)
172,515
716,707
889,222

Page 22

Mind In Mid Herts Year ended 31 March 2021 Notes to the financial statements

14 Operating leases

The total future minimum payments under non cancellable operating leases for the following periods are:

Not later than one year
Later than one year but not later than five years
In over five years		 2021
28,309
64,945
93,254		 2020
29,141
75,050
104,191

15 Share Capital

The Charity is a company limited by guarantee.

16 Reconciliation of net income/(expenditure) to net cash flow from operating activities

Net income/(expenditure) for the reporting period
Adjustments for:
Depreciation charges
(Gains)/losses on investments
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities		 2021
374,061
6,757
(14,570)
(3,111)
(20,721)
60,193
402,609		 2020
(29,959)
6,800
10,685
(3,834)
(7,660)
15,872
(8,096)

17 Analysis of changes in net debt

Cash
Cash equivalents
Total		 At start of
year
Cash
flows
Fair value
movements
At end of year
382,496
7,020
-
389,516
140,663
394,194
14,570
549,427
523,159
401,214
14,570
938,943

Paul Ronald Signature:

Paul Ronald (Oct 29, 2021 14:02 GMT+1)

Email: paul.ronald@mindinmidherts.org.uk

Page 23

MiMH final accounts

Final Audit Report

2021-10-29

Created: 2021-10-29 By: Alexis Ernst (alexis.ernst@mindinmidherts.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAHWb_7DCdFcWFDzebsd0oWgoC1OerGVY8

"MiMH final accounts" History

Document created by Alexis Ernst (alexis.ernst@mindinmidherts.org.uk) 2021-10-29 - 10:42:30 AM GMT

Document emailed to Paul Ronald (paul.ronald@mindinmidherts.org.uk) for signature 2021-10-29 - 10:47:44 AM GMT

Email viewed by Paul Ronald (paul.ronald@mindinmidherts.org.uk) 2021-10-29 - 12:50:50 PM GMT

Document e-signed by Paul Ronald (paul.ronald@mindinmidherts.org.uk) Signature Date: 2021-10-29 - 1:02:20 PM GMT - Time Source: server

Agreement completed.

2021-10-29 - 1:02:20 PM GMT