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← Mind In Mid Herts

2024-03-31-accounts

Mind In Mid Herts

Trustees’ Annual Report & Financial Statements

Year ended 31 March 2024

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

Mind In Mid Herts Year ended 31 March 2024

Contents
Page
Legal and Administrative Information 1 - 2
Report of the Trustees 3 - 16
Auditor's Report 17 - 20
Statement of Financial Activities 21
Balance Sheet 22
Statement of Cash Flows 23
Notes to the Financial Statements 24 - 29

Mind In Mid Herts Year ended 31 March 2024 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 Resigned 31 August 2023 Shona Luann Davies Resigned 9 May 2023 Lakshmi Raghavachari Appointed 18 May 2023 Isaac Kenyon Neil Kavin Margereson Paul Ronald (Chair) Danielle Yvette Adams Mary Compton Claire Wilkinson Rachel Chetty Resigned on 18 July 2024 Charlotte Wood Resigned on 14 May 2024 Board Advisors Charlotte Wells Anita Scales Steve Jupe Cristina Diofebbo Jamie Dearsley Mash Dabba Jess Couchman Jat Singh Bansal Wenderlyn Bagnall Christopher Alexander 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

Page 1

Mind In Mid Herts Year ended 31 March 2024 Legal and Administrative Information

Bankers CAF Bank Limited P O Box 289 West Malling Kent ME19 4TA Solicitors HRJ Foreman Laws 25 Bancroft Hitchin Hertfordshire SG5 1JW

Page 2

Mind in Mid Herts Annual Report and Annual Accounts 2023-24

Change and New Beginnings

new partner working with us to develop a new training offer

This was amazing training, and I really hope it continues os I would love other members of my team to attend this Senior support worker- social care "Thank you for the very informutive training. Lots of information sharing, group discussions and opportunity to discuss with the team." Community & Engagement lead The landscape for mental health services is challenging, with greater numbers of people needing support for mental health illness and the degree of severity of their illness being much more serious than we have seen in the past. We continue to co-chair the Crisis Care Partnership (CCP), with partners attending from Hertfordshire constabulary, the local NHS trusts and other third sector organisations. The CCP sits underneath the Mental Health Learning Disabilities and Autism Health Care Partnership (MHLDA HCP), which we attend monthly and is one of the 4 boards under the main Herts and West Essex Integrated Care System (HWE ICS). We recognise that this investment in time to attend meetings is vital to ensure that the voice of people with mental illness is heard. We have seen System partners face a challenging time to balance budgets and we will continue to work with the HWE ICS to ensure that the mental health third sector voice is heard and that new investments are supported particularly concerning the prevention work, so well-known to our sector. We have seen exciting developments this year in our training department growing from strength to strength with new corporate partners recognising the benefit of investing in mental health support and training for their workforce. Crane in Hitchin not only invested in training of mental health peer supporters, but the staff nominated us to receive a donation from the Crane Charitable Funds Foundation. in Mid Herts ARITABLE MDS Page | 4

new

Our Capital Appeal Alon’s House

our new centre

MiMH has achieved and clear on the important role we will play in the future. There is much that it is changing but you will also see that our inspirational staff and volunteers give us a platform to continue

Our Vision

Our Mission

“

Living Our Values

Our Team

Our Impact

year 19-20 20-21 21-22 22-23 23-24
People supported 1267 1840 1740 1957 3171
Increase against 19-20 45% 37% 54% 150%

Our Services

Training and Development:

Befriending/buddy project is a small but valuable- only held back by the number of volunteers coming forward. The service offers 12 weeks support to individuals, from a volunteer, to get back to doing whatever they were doing before becoming isolated. Psychological therapy service continues to expand reaching more people every year. We saw 1,041 people last. We continue to have volunteer counsellors offering a range of different models of therapy/counselling to a wide range of people with different needs. In addition, we deliver Increased Access to Psychological Therapy (IAPT) compliant therapies counselling for depression ICfDland dynamic interpersonal therapy {DIT) 102 people regularly attend online groups including the Friday quiz, book group, wellbeing group and peer support for people experiencing long Covid and others. We have supported 276 people with keeping in touch calls (KIT), these calls are highly valued by individuals who for whatever reason cannot make it into our centres or do not feel comfortable joining the community groups we are running in their area. These calls are often peoples first step asking for help and do lead to joining groups and finding support from others with similar experiences and interests; This remain5 a highly valued service. Nearly 200 people have attended in-person groups in our centres. Each week across our 4 centres groups include Music, Art/crafts, peer support, games, women and men's groups. We also offer monthly evening groups for the LGBTQ+ community to attend in our Stevenage centre. Physical Activities - include walking groups, table tennis and football sessions. Offering Physical activity remains part of our approach to ensure that we engage people in services with other people with similar interests. •Our Living Well courses remain valued, and we have delivered them online in person- over 124 people have attended. MH link workers in primary care in St Albans met and supported 160 people last year. All referred to us by their GP. • We visited 140 people as part of Stepping Stones project. Meeting patients in Albany Lodge and Aston Ward are key to building relationships to ensure they have the confidence in community services whey they are discharged. As part of this ser4ice, we escort people on visits outside the ward and these can be to visit one of our centres orjust to go for a walk. We ensure a smooth transition from inpatient to community serrfices. Our support goes on when they leave the hospital with outreach services. This remains one of our key projects that we are most proud of that was developed with patients and staff at Albany Lodge back in 2004. Page | 8

Y is a 60-year-old male who we met in Albany Lodge (Acute Mental Health ward in St Albansl who was admitted following a sudden episode of severe depression with psychotic features. Trevor, our volunteer, and I spoke to him each time we visited the ward, building a strong relationship. On his discharge, we began biweekly l-l sessions. He reported that the most immediate factor contributing to his mental health was his high stress levels resulting from his job - he felt as though he was overworked and that he could never completely 'switch off, However, he felt unable to take any time off work out of fear that they would let him go. After an honest conversation with his employer, they agreed to up to 12 months of paid sick leave and assured him that he could return to his role when he was ready. This enabled him to relax and focus his time off on recovering and establishing a routine that supported his mental health, allowing him to relax. We also worked on his understanding of a healthy work-life balance, to maintain his progress once he returned to work. He had many interests that he felt unable to pursue due to his work, however after being signed off, he felt ready to start attending some groups, taking time for himself. We supported him in accessing Letchworth Arts and Leisure Groups, an organisation which offers an annual membership which allows you to access many different groups. He enjoyed hiking and cycling. and so he signed up tojoin some local walking and cycling groups, which enabled him to get outside in nature, as well as meeting new people and reducing his isolation. We also supported him through his motherfs physical health deteriorating, which resulted in him becoming her carer. We supported him in managing his stress throughout this time, which he found beneficial in preventing a relapse in his mental state. He lost his driving licence due to medical grounds, and was struggling to get about to groups, visits to family, etc. We liaised with his care co-ordinator and his GP to establish whether he was eligible for any financial assistance, which he was given and was a big help to him. After 6 sessions, he felt able to utilise the skills we had developed independently, and felt he was manging his stress much better, which had a positive impact on his mental health. He felt much more socially supported thanks to the groups that he began attending. He no longer needs any regular support from MIMH'S orthe CMHT PATH team, and both him and his family were very thankful for the support that we could offer him. 62 people engaged in our Vocational Support service finding work, getting back into education, or starting voluntary positions. As well as this our vocational support project works with people who are going back to work following a period off sick and supporting people to stay in work. Page | 9

Middle aged man who initially presented with low self-esteem and not working for 2 years and having difficulties with his mental health. He reported that he needed to earn some extra money due to the cost-of-living crisis. We began working on building his self-confidence by exploring his career values and together we mapped a list of transferable skills. He began writing up a profile for his CV with the new list of transferable skills and developed a cover letter for a job that he had searched online and expressed an interested in. Although this job was not available, it was important for him to begin to see what could be possible. Next, we set up reviewing his 'lndeed' profile which was out of date. Most of his work experience had been in manual roles, he thought that he would enjoy admin work, however after identifying his skills and values he realised that this was not going align with his skills set. He began applying for roles and soon had an inter￿leW, we did a 'mock interview, and went through the 'STAR technique, for inteniiews. He was successful in the interview and began his new job just a month later. We are supporting people in the A&E department at the Lister Hospital, we talked, and supported 843 individuals, this included loved ones with people who go to A&E with their mental health illness because they do not know what else to do and they do not feel safe at home. some of the feedback we receive in this service is very heartwarming from loved ones Thank you so much both of you, this is the calmest I have seen her in a long time, it's amazing, thank you have been brilliant. Husband of patient You really support me during very dark time. Thank you so much for your support Fami ly member of patient You are also amazing. he said himself what you said to him really hit home, it was really on point Partner of patient Feedback from staff: I had a meeting today with the consultants and management and I requested to be taken into consideration a 24 hours MIMH service in A&E as we find it very helpful, and we noticed an improvement and it helps the department to work smoothly and taking so much pressure offfrom the other staff. HELEN- Nurse in charge Page 110

And of course, from those in distress: You saved my life, and I couldn't be more happier with the seniice I have received. Thank you so much for your time and I will take in consideration your recommendations. 'Yhank you so much for understanding my situation, can I have a hug. Thank you so much for oll your help and support, you willforever hold a place in my heortfor someone that helped me when I was down.- We supported 245 people with serious mental illness (SMII to have their physical health check. This is such an important service; we know that people diagnosed with an SMI will live on average 15 to 20 years less than people without a diagnosis and this has not changed since the time this statistic was fi rst identified. th This pilot began in 2022 and is now in its 4 year, we have learnt so much in how we can engage individuals who for whatever reason have not agreed to their annual health check in the past. On average it takes 7 contacts with someone before they agree to having their health check. All our workers are trained phlebotomists and can work slowly reassuring individuals who are anxious or nervous about needles, what may be discovered and who have lost trust with professionals. We are now experiencing half the number of "did not attend" appointments than we did when we first started. The team have been excellent in responding and taking on a case loadfrom our practice and then working closely with those patients to engage them. They have had some really important breakthroughs and engaged patients that we have been unable to contact. It is a really valuable supportfor the GP practice, and I think provides an excellent servicefor the patient too. I have also really valued their regulor updotes which we have over zoom where we can discuss the hard- to-reach group and come up with o shored plan of oction ond how to target them. It's o really good example of integrated care. I would certainly support the service continuing in thefuture. Many thanks to the team. GP in Hemel Hempstead The PHC team have been proactively managing and genuinely helping our top 10 percent of hard-to- reach patients with SMI. They care and this comes acrossfrom feedbackfrom patients andfeedback to our clinicians. The proactive and professional way the team gain contart and trust means they are able to visit the cohort and make positive change. They go beyond making afew phone calls and saying they can't make contact. They keep trying and usually manage o home visit by building trust and rapport. They have holistic consultations and combine mental ond physicol wellbeing as well as lifestyle support and medication reviews. They ore doing ofontastic job.- GP in St Albans Page 111

Volunteers MIMH have always been reliant on the dedication of our volunteers and never more so then now. We have had the support of 90 volunteers aged 18 to 84 years old. Over the last year they contributed 4,662 hours, this is equivalent to 666 days. In addition to this number, we have volunteer counsellors and our wonderful board of Trustees. The volunteers are essential to our success in reaching out and maintaining contact with the people who use our service. They work in a variety of ways, 'Keeping in Touch, calls, befriender/buddy's, photographers, supporting marketing and promotion, administration, online course assistants as well as supporting the in-person groups, leading the Living Well workshops and courses. When anyone wishes to volunteer with MIMH, a coordinator will meet with them and complete the relevant forms to match their skills to the projects within the organisation. We continue to maintain the 6- point promise accreditation. We ensure that all volunteers stay well by regular de-briefs, superrfision 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. In addition to this we have a safe app so if any of the volunteers are meeting with their befriended on their own, we ask that they log in and alert us to their meeting and log in when their visit is over. This way we are alerted if a meeting is taking longer than anticipated and we can give them a call to check in. We also continue to rely on the very active involvement of our Board of Trustees and continue to develop how our Board supports our management team. During the last year we have developed a very active sub- committee structure which involves trustees working directly with our staff on key projects. We also have the role of board advisors which is providing us with expertise and specialist skills from volunteers who wish to support our work on key projects. We look forward to welcoming more people joining as board advisors to support key developments with us such as fundraising, corporate partnerships and building our resilience as an organisation with people who are often time poor but expertise rich and want to give back where their time is used most effectively. If you think you may have something to offer, please do get in touch. Page112

Meet Jamie he has been volunteering with Mind in Mid Herts for over a year now as a board advisor I take great pleasure in commending Jamie Dearsley- Board Advisor {volunteerl in the Governance and IT Trustee sub-committee (GITI for the fantastic contribution Jamie has made to MIMH. Jamie first met with the GIT back in June 2023, and shortly after that meeting Jamie started working with the team. Jamie's induction was something of a baptism of fire, since shortly after joining us Sandy-Lee Connolly ( our Company Secretary l announced that she would be leaving us in September 2023. Jamie very kindly stepped in and supported us all for several months as Company Secretary including undertaking associated work for the AGM! Jamie has an outstanding attitude to his role and is very efficient in all that he does. His tremendously positive can - do attitude impacts all who work with him. Feedback from the GIT committee shows just how much of an impact he has made to the team: From our trustee Narcis:"Jamie has been a very important member of the GIT committee in the past year his work has been nothing short of stellar. His involvement in the work stream of our committee runs deep and his contributions have improved several of our key processes." From Chris (business support officer): "Jamie is doing some excellent work. His recent work on the policies review spreadsheet will improve our ability with this this process significantly." Jamie, thank you for all that you have done for Mind in Mid Herts over the last year, and I sincerely hope that you will be with us for many years to come!! Neil Margereson-Trustee and leading on the board advisor's role. Fundraising is important to us as it can provide us with discretionary income that we use to pilot and develop some innovative services and to provide some contingency to meet unexpected costs. Running services from four centres means that we are very concerned by the additional utilities costs we now face at a time when we want to provide more access and comfort. So, we will be looking to grow our fundraising work through a dedicated team of volunteers so that we can help support the impact of the rise in the cost of living that is now upon u5. We were very sad to learn of the passing of Rosemary Farmer who had been a great supporter of our charity over many years. We thank those trustees who left us in the year having given us wonderful advice and support over several years. Lottie Wells and Rachel Chetty and we welcome new trustees John Blain and Helen Gibson who is our new Company Secretary. Page113

Partnerships

Finance and our Funders

Our Gratitude

last 5 years each year increasing the donation; The Hertford Club- all the participants who joined Mental Elf 2023 and raised money and awareness, as well as the main event sponsors Oaklands College who let us run the event at the College; students from the College who volunteered and helped with marshalling As ever, the Trustees wish to express their appreciation for the commitment and enthusiasm of all the staff and volunteers who give their time to the charity, and without whom MIMH would be unable to achieve its objectives. Our Finances A full set of audited accounts are included within our Annual Report below and show that we were able to achieve a small surplus this year of £6,338, which is a good thing. Our income in the year continued to grow and was £1.46m lan increase of £0.238m on the previous year) and this allows us to invest more in our services, in our staff and in our buildings and infrastructure. In 22-23 we saw the ending of the temporary Covid emergency funding grants, so we have not only replaced that funding now but grown further. There is more detail within the report on the generous donors and grant funders who have supported us. You will also see throughout the report that the need for our services continues to grow, and we are finding that when people do reach out it is often when they are feeling seriously unwell and therefore need more intensive one to one support than we have offered in the past. So, we need to continue to develop in scale and in the nature of the services we offer. This need to innovate and expand clearly put5 a strain on our resources, but we have continued with the commitment made in 2023 that where there is a clear service need then even where there is a lack of direct funding we will where we can make a targeted investment from our reserves. This has meant that this year we have increased our counselling resource to increase the sessions we offer, and we have funded a research project to look at how we can best use our new site in Hatfield. We continue to hold a level of reserves under our policy to provide short term contingency if needed and we have our capital building reserve which is specifically held towards our goal of securing a freehold site which can give our services greater future security. Financially whilst it has been a difficult year, we have come through positively which is testament to the hard work and generous support of our staff and volunteers and our funders and partners. Page115

Mind In Mid Herts Year ended 31 March 2024 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:

 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.

Page 16

Independent auditor's report to the members of Mind In Mid Herts

Opinion

Basis for opinion

Conclusions relating to going concern

Other information

Page 17

Independent auditor's report to the members of Mind In Mid Herts

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

Responsibilities of trustees

Auditor’s responsibilities for the audit of the financial statements

Independent auditor's report to the members of Mind In Mid Herts

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

Our approach was as follows:

Independent auditor's report to the members of Mind In Mid Herts

Use of our report

Silvia Vitiello (Senior Statutory Auditor)

14/11/2024

2024
2023		 Unrestricted
Restricted
Total
Unrestricted
Restricted
Total funds		 funds
funds
funds 2024
funds
funds
2023		 £
£
£
£
£
£		 Note Income and endowments from: Donations and legacies
2
68,359
-
68,359
70,759
-
70,759		 Charitable activities - grants
3
-
1,218,280
1,218,280
-
1,029,725
1,029,725		 Charitable activities - other
4
157,665
-
157,665
107,425
-
107,425		 Investments
5
11,338
11,338
134
9,581
9,715		 Total
237,362
1,218,280
1,455,642
178,318
1,039,306
1,217,624		 Expenditure on: Raising funds
6
101,019
96,679
197,698
37,629
58,445
96,074		 Charitable activities
6
137,222
1,121,601
1,258,823
130,766
1,056,213
1,186,979		 Total
238,241
1,218,280
1,456,521
168,395
1,114,658
1,283,053		 Net gains/(losses) on investments
8
7,217
-
7,217
(3,868)
-
(3,868)		 Net income/(expenditure)
6,338
-
6,338
6,055
(75,352)
(69,297)		 Transfers between funds
-
(24,240)
24,240
-		 Net movement in funds
6,338
-
6,338
(18,185)
(51,112)
(69,297)		 Reconciliation of funds: Total funds brought forward
182,375
650,000
832,375
200,560
701,112
901,672		 Total funds carried forward
12
188,713
650,000
838,713
182,375
650,000
832,375		 The statement of financial activities includes all gains and losses recognised in the year and all income and expenditure derived from continuing activities.

Mind In Mid Herts Year ended 31 March 2024

Balance sheet

2024 2023
£ £
Note
Fixed assets:
Tangible assets 7 2,953 2,986
Investments 8 88,657 81,440
Total fixed assets 91,610 84,426
Current assets:
Debtors 9 109,030 73,504
Investments 10 474,364 409,729
Cash at bank and in hand 506,058 570,247
Total current assets 1,089,452 1,053,480
Liabilities:
Creditors: Amounts falling due with 11 (342,349) (305,531)
Net current assets 747,103 747,949
Total assets less current liabilities 838,713 832,375
Total net assets or liabilities 838,713 832,375
The funds of the charity:
Restricted income funds 12 650,000 650,000
Unrestricted funds 12 188,713 182,375
Total charity funds 838,713 832,375

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

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

The financial statements on pages 24 to 29 were approved by the Board of Trustees and signed on its behalf by:

14/11/2024 ………………………………….. …………………………. Paul Ronald Date Trustee

Company number: 04746078

Page 22

Mind In Mid Herts Year ended 31 March 2024

Statement of Cash Flows

Cash flows from operating activities:
Net cash provided by (used in) operating activities (note 16)
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Investment drawdown less fees
Net cash used in investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period		 2024
£
(72,909)
11,338
(2,618)
-
8,720
(64,189)
570,247
506,058		 2023
£
147,071
9,715
(1,917)
64,246
72,044
219,115
351,132
570,247

Page 23

Mind In Mid Herts Year ended 31 March 2024 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 UK cost of living crisis. 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.

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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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 24

Mind In Mid Herts Year ended 31 March 2024 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

3 Unrestricted Restricted
Total 2024
Unrestricted
£
£
£
£
Donations
68,359
-
68,359
70,759
68,359
-
68,359
70,759
Charitable activities - grants
Unrestricted Restricted
Total 2024
Unrestricted
£
£
£
£
Grants
-
1,218,280
1,218,280
-
-
1,218,280
1,218,280
-
Grant analysis:
East & North Herts, Herts Valleys CCG’s and Hertfordshire County Council
Psychological Services - NHS/Hertfordshire County Council
Stepping Stones - Hertfordshire County Council
Vocational Support
Wellbeing Services
SMI Physical Health Checks
Mental Health Project
A & E Link Workers
Health Board Royston outreach
Miscellaneous
Urgent Emergency Care
Counselling for Depression Project
Hertfordshire Partnership University NHS Foundation Trust
DIT Project
IAPT- Hertfordshire Partnership Foundation NHS Trust
Spot the Signs Hertfordshire Partnership Foundation NHS Trust
Mindfulness Project
Eros Project
CMHT Outreach
NHS Hertfirdshite &West Essex Capital Grants
HMN Complex House Needs
HNN Crisis Café Salaries
HMN Capital Grants/Training
St Albans District Council
Small Grants
Impact Governance
Central london NHS Trust
Harpenden Trust
Lloyds Bank Foundation
Mind National
National Lottery
North Herts DC
Stevenage Borough Council
Welwyn and Hatfield BC
East Herts Council
St Albans Foodbank/Harpenden Trust		 Restricted
Total 2023
£
£
-
70,759
-
70,759
Restricted
Total 2023
£
£
1,029,725
1,029,725
1,029,725
1,029,725
2024
2023
£
£
73,079
68,296
66,616
29,200
44,436
41,529
235,988
141,112
115,201
115,201
47,176
44,088
74,568
74,568
15,227
5,075
6,468
5,297
-
14,840
67,675
27,900
45,773
37,475
69,911
67,158
35,862
37,035
10,746
14,328
37,713
24,152
38,448
6,155
49,622
-
38,785
82,415
20,902
-
26,462
-
-
13,907
14,920
35,548
-
-
18,012
13,980
13,419
11,593
-
35,360
10,438
38,788
-
4,947
23,660
12,500
-
3,750
15,840
10,170
13,358
1,333
-
1,218,280
1,029,725
Unrestricted Restricted
Total 2024
£
£
£
Other trading activities
157,665
-
157,665
157,665
-
157,665		 Unrestricted Restricted
Total 2023
£
£
£
107,425
-
107,425
107,425
-
107,425

Page 25

Mind In Mid Herts Year ended 31 March 2024 Notes to the financial statements 5 Investment income

2024
£
Bank interest
11,338
11,338
6
Expenditure analysis
2024
£
Direct cost
Staff costs (including expenses)
1,090,153
Bidding
-
Project costs
153,317
1,243,470
Support costs
Premises and insurance
55,621
IT costs
45,310
Office running
44,367
Depreciation
2,652
Audit/accountancy
14,000
Affiliation fees
2,561
Consultancy
20,333
Other
16,612
Travel
-
Professional fees
8,526
Advertising
1,869
Corp Partnerships
1,200
213,051
Total
1,456,521
6.1 Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2024
£
Depreciation
2,651
Accountancy
14,000		 2023
£
9,715
4,473
2023
£
1,008,008
10,077
76,689
1,094,774
54,268
26,439
42,425
3,152
12,594
2,160
14,736
11,609
-
17,843
3,053
188,279
1,283,053
2023
£
3,152
12,594

6.2 Trustees' remuneration and benefits

The charity paid no salary nor benefits to any trustees for either this year or last. The charity paid £212 (2023 - £nil) towards travel costs of the trustees.

Page 26

Mind In Mid Herts Year ended 31 March 2024 Notes to the financial statements

6.3 Staff costs

Salaries and wages
Social security costs
Employer's pension contributions		 2024
£
988,412
66,806
22,740
1,077,957		 2023
£
912,450
62,803
17,651
992,903

Average number of employees was 55 (2023: 53). No employees received emoluments in excess of £60,000 (2023: none). Key management personnel received remuneration of £241,893 (2023: £206,488)

7 Tangible fixed assets

Cost
At 1st April 2023
Additions
At 31st March 2024
Depreciation
At 1st April 2023
Charge for year
At 31st March 2024
Net Book Value
At 31st March 2024
At 31st March 2023		 Fixtures and
fittings
Computer
equipment
and Website
Total
£
£
£
18,895
54,300
73,195
2,274
344
2,618
21,169
54,644
75,813
18,420
51,789
70,209
868
1,783
2,651
-
-
-
19,288
53,572
72,860
1,881
1,072
2,953
475
2,511
2,986

8 Fixed Assets Investments

Market Value
At 1st April 2023
Revaluations
At 31st March 2024
Net Book Value
At 31st March 2024
At 31st March 2023		 Listed investments
£
81,440
7,217
88,657
88,657
81,440

There were no investment assets outside the UK.

All investments are held primarily for an investment return.

Page 27

Mind In Mid Herts Year ended 31 March 2024 Notes to the financial statements

9 Debtors

==> picture [350 x 299] intentionally omitted <==

----- Start of picture text -----
2024 2023
£ £
Trade debtors 78,862 70,181
Prepayments and accrued income 30,168 3,323
109,030 73,504
10 Current Assets Investments
2024 2023
£ £
Investment bond - -
Cash investments 474,364 409,729
474,364 409,729
11 Creditors: Amounts falling due within one year
2024 2023
£ £
Trade creditors 41,758 14,477
Deferred income 252,412 257,865
Accrued expenses 25,782 17,320
PAYE payable 16,296 11,051
Other Creditors 6,101 4,818
342,349 305,531
11b. Deferred income 2024 2023
£ £
Deferred income at 1 April 257,865 44,006
Resources deferred in the year 252,412 257,865
Amounts released from previous years (257,865) (44,006)
Deferred income at 31 March 252,412 257,865
----- End of picture text -----

12 Funds

Unrestricted Fund
Restricted Funds:
Grants
Donations		 Balance
b/fwd
Income
Expenditure
Transfers
Gains and
losses
Balance
c/fwd
£
£
£
£
£
£
182,375
237,362
(238,241)
-
7,217
188,713
-
1,218,280
(1,218,280)
-
-
-
650,000
-
-
-
-
650,000
832,375
1,455,642
(1,456,521)
-
7,217
838,713

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
£
£
£
91,610
91,610
439,452
650,000
1,089,452
(342,349)
(342,349)
188,713
650,000
838,713

Page 28

Mind In Mid Herts Year ended 31 March 2024 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		 2024
50,078
6,110
-
56,188		 2023
28,459
12,420
-
40,879

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 investments
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities		 2024
6,338
2,651
(7,217)
(11,338)
(35,526)
(64,635)
36,818
(72,909)		 2023
(69,297)
3,152
3,868
(9,715)
(6,045)
225,108
147,071

17 Analysis of changes in net debt

Cash equivalents
Total		 At start of
year
Cash
flows
Fair value
movements
At end of year
570,247
(64,189)
506,058
570,247
(64,189)
-
506,058

Page 29