Registered number: 0493616S Charity number: 1101976 HULL AND EAST YORKSHIRE MIND (A Company Llmited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 'ADIFU5H4• 2111212024 COMPANIES HOUSE #296 HULL AND EAST YORKSHIRE MIND IA Company Limited by Guarantee) CONTENTS Page Reference and Admin18trativo Details of the Charityi it8 Tru8teo8 and Adviser8 Trustees. Report Trustse$' Responsibilities Statsment 2-11 12 Indopendent Auditors. Roport on the Flnanclal Statements Consolidated Statemant of Financial Actlvltlès 13-17 18 Consolidated Balance Sheet 19-20 Charlty Balanco Sh00t Consolidated Statem•nt of Cash Flow8 23 Notes to the Financial Statements 24-46 HULL AND EAST YORKSHIRE MIND IA Cijnpany Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees P Archer, Tmstee D 81ank. Twstee C Carroll, Chair R Chambers, Trustee A Denholm, Honorary T￿aSurer M Gill, Vlce Chair R Granc Trustee (resKJned 13 May 2024) J Oraka, Trustee M Petermann, Trustee (appointed 14 June 2023, resigned 5 July 2024) M Reeve, Trustee (resigned 5 September 2023) Company R•glstered Number 04936165 Charity Rogistored Number 1101976 Registered Office Wellington House 108 Beverley Road Hull HU3 1YA Leadernhlp Team E Dallimore- Chief Executive E Gaspar- Director of Finance Indopendont Audltorn Streets Audit LLP Chartered Accountants and Ststutory Auditor Halifax House 30 George Street Hull East Yorkshire HU13AJ Bankers Natwest Bank 34 King Edward Street Hull HU1 3SS Solicitors Rollits Citadel House 58 High Streel Hull HU1 1QE Page I HULL ANO EAST YORKSHIRE MIND (A Company Limlted by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees ()￿0 are also directors of the charitable company for the purposes of the Companies Act) are pleased to present their annual report together with the audited financial statements of Hull and East Yorkshire Mind (the charity) for the year ended 31 March 2024. The trustees confirm that the Annual Report and Financial Statements of the charity have been prepared in accordan￿ with the accounting policies sel out in note 2 to the accounts and comply with the Charitses Act 2011, the Companies Act 2006, the Memorandum and Articles of Associalion, and Arxounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard aptyicable in the UK and Republic ol Ireland (FRS 102). Since the charity qualifies as small, under section 383, the Strategic report required of medium and large companies under The Companies Act 2006 (Slrategic Report and Director's Report) Regulations 2013 is not required. Structure. Governance and Management Hull and East Yorkshire Mind is an incorporated charity limrted by guarantee (Company No. 4936165) govemed by the Ath'cles and Working Rules. It is a local charity affiliated to National Mind and a Registered Charity (Registration number 1101976) It 18 a Registered Social Housing Provider (Registration number 4828). The charity is also known as HEY Mind. The Articles and Working Rules set out various categorles of membership and full members shall be entitled to vote at all general meetings of the charity. We serve, but not exclusively, the area covered by the Kingston upon Hull, the East Riding of Yorkshire and the North East Lincolnshire Councils being Unitary Authorities. We also have and continue to develop services that can be delivered nationwlde. anisational Stru ure and Decision Makin The charity has an Executive Committee of up to 12 trustees, vkno also comprise the directors of the company. The trustees meet at least 5 times a year including strategic planning days. Frorn the committee of trustees are elected 3 Appointed Officers of Chair, VI￿ Chair and Honorary Treasurer. Trustees are either elected at the Annual General Meeting or co-opted. The trustees may also delegate pOV￿rS to sub-committees conlaining at least 2 from their number to look at specific matters and advise. Currently there are 3 sub-committees responsible for Business Development; Finance and Risk: and Governance, HR and Performance. Day to day management of Ihe charity is delegated lo a Chief Executive Officer (CEO), responsible to the Executive Committee. The CEO leads and is supported by a senior leadership team with overall responsibility for Finance and IT, Human Resources and Training, Operations, Health and Safety, and Protection of Vulnerable Adults. The CEO Is responsible for implementing the policy and strategy adopted by the Executive Committee in line with approved budgets and advising on Such policies and strategies. The CEO and senior leadership team must report regularly to the trustees on activities undertaken and provide regular management accounts to explain the financial position of the charity. Recruitment and Trainin of Trustees The trustees aim lo maintain within the Executive Committee a wide breadth of experience both from within the voluntary sector as VRII as from the local business community and be representstive of the people we serve and the diverse minorities within it. Trustees are elected from the membership followng a formal nomination or recruited by advertising vacancies and personal approaches. Training is delivered in the first instance through the use of an inducbon pack and a pr(￿eSS of support by other trustees. Specific training needs of trustees are also identified and training provided by a fvll range of methods both in house and extemal. Page 2 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Poli on Benchmarkin and Settin Remuneration of Ke Mana ement Personnel The goal of HEY Mind's pay policy is to offer fair pay to attract and keep appropriately qualified staff to lead, manage, support and deliver the charity's aims. The board of trustees sets pay in a manner that is consistent with this goal and recognises that it's possible to attract senior executives Viith loV￿r pay than public or private sector market rates. HEY Mind trustees are responsible for setting remuneration levels for the Chief Executive. To set appropriate pay and rewards requires making informed judgments and follo￿Ing the charitys govemanee and constitub'onal arrangements. In deciding top levels of pay and rewards, trustees 4%ill consider.. the purposes, aims and values of Ihe charity, and ils beneficiaries, needs., how this affects pay policy for all employees, and for the senior staff in parttcular. including 4vhether lower rate of pay compared to similar roles in other seclors is appropriate., how pay is linked to the skills, experiences and competencies that the charity needs from its senior staff and the scope of their roles. the charity's current business plan and how implementing it may affect the number of senior staff the charity needs to employ or recruit, and the nature of these roles., the charity's ability to pay, including.. the benefit to the charity that such positions will bring; the cost to the charity of increasing remuneration levels., how increasing pay, particularly at Senior levels, would be perceived by employees, donors and beneficiaries., whether il's affordable, including in the longer term (perhaps based on a risk assessment of future income and expenditure)., the appropriateness of the pay In the conlext of the charity and its beneficiarles, needs., their assessment of the charily's and senior staff's perfomiance against expectations, both short and long term., information on pay policies and practices In other organisations that could help guide a decision on whether a level of pay Is fair., the wider 'employment offer, they can make to potential employees, where pay is one part of a package that includes personal development, personal fulfilment and association with the charity's cause. the charity's track record in attracting and retaining committed and motivated employees; the likely impact on, and views of, beneficiaries, donors, funders, and current and polenlial volunteers,. Ihe relallonship between policy and praclice for pay of senior staff and that of the charity's whole workforce. b) d) vi. g) h) k Mana ement Risk is identified in a number of ways through our Health and Safety Committee, strategic and business planning. financial reporting, recommended practise and legislation This is managed through policy development and Iraining. A risk register in the form of policy development and review has been created from which policy is made and a training programme implemented. The training programme 1$ monitored for each individual member of staff, volunteer, and trustee and reported to the Executive Committee of Irustees. Page 3 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Related Parties On the payment of an annual levy to National Mind the charity shall remain affiliated and can participate in the affairs of National Mind lo such a degree and through such representation Ihat may be determined by us and National Mind. The charity is guided by both local and national policy and strategy Whe￿ this is complernentary to our objectives. Equally we will participate in joint V￿rkIng wth other nats'onal and local organisations. such as National Mind. in the pursuit of our objectives. Objoctiv•s and Activities The charity's objects ('Ihe obj￿1$,) are. (a) The preservation of mental health and mental and emotional welkbeing within the whole community by.. the advancement of educati<)n', and the provision of facilrtie$ and services for social welfare, personal development, recreation and social inclusion. being non-party in polits'cs and non-sectarian in relation, wilhout distinction of race, gender or sexuality. (b) Assist in relieving and rehabilitating vulnerable persons of all description and ages and from all Ivalks of life who are.. sufferlng from mental health disorders., or Suffering from anxiety or emolional or mental distress: or (iii) developing or are at risk of developing mental health disorders or anxiety or emotional or behavioural problems for any reason vha150ever including, but not limited lo alcoholism, substance addictions, their age, bereavement or loss. conditions of life, disability, homelessness, exclusion from school, college, university or society. financial hardship, physical condition or illness, personal circumstances. redundancy. unemployment by the provislon of advice, assistance, counselling, guidance, treatment or any facilities or sen4ices calculated to improve their mental health, emolional voll-being and conditsons of life. (c) to carry on for the benefit ofthe community the business of providing social housing and any as%>ciated amenities for persons in necessitous circumstances upon terms appropriate to their means (d) educate and disseminate information in matters relating to mental health and emotional well-being and the preservation and maintenance of mental health and emotional vRII-being to the public at large and to the carers, colleagues, families and friends of vulnerable persons suffering from mental health disorders andlor emotional or mentsl distress or who are developing or are at risk of developing mental health disorders andlor emots'onal or behavioural problems for any reason. The trustees confirm that they have complied bvith the duty in section 17(5) of the Charities Act 2011 with regard to the Charities Commission guidance on public benefit when reviewing the charity's aims and objecb'ves and planning future activities. Having regard to the activities and achievements of the charity the trustees are of the opinion that rt has fulfilled its charitable purpose. Page 4 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Who We Are We are Hull and East Yorkshire Mind -your local mental healih charity in Hull and East Yorkshire. We are part af the Mind network but are an independent charity and rely on our ovm resources to provide local services. We offer a range of support designed to help our local community to recover and stay VRII. Working with our local partners, we offer counselling to adults and young people. As a housing association with over 30 properties, we prowde individuals with a safe environment that aids ￿¢0very and Promotes independence. Throughout the community, we run regular support groups that give individuals the chance to share their experiences wth others and learn new skills to improve their mental health. Other support includes thorking wrth Humberside Police in their force control room. supporting individuals experiencing Substance misuse and helping individuals who have been bereaved by suicide. Find out more about Hull and East Yorkshire Mind. our services and vrays you can get involved via our websrte.. vMw.heymind.org.uk Our Values Being Human- connecting meaningfvlly with one another creating relationships which help people to flourish. Mlnd and Heart- using our intelligence, stories, skills and life experience to show that we care and to make a difference. Belng Brave- even in the face of uncertainty staying positive and boldly developing new things. Travelling Together- side by side with others being kind and through empathy, nurturing belonging. strong Foundations - drawing on our history and learning to build reliable systems that V￿rk well without being over engineered Page 5 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ourvision Our Vision is that we y￿n't give up until everyone experiencing a mental health problem gets both support and respect. Our Mission is to ￿￿rk with partners to intervene as eady as possible, providing advice and support to empower and give hope to anyone expefiencing a mental health problem. We campaign locally to improve seryices and reduce stigma and discrirnination. We wlll achieve our mission through the delivery of four Strategic aims.. Alm 1: Changlng People'8 LIve8 To enable individuals to make informed decisions that support them to achieve their personal goals. To reduce reliance on menial health seniices and promote independent living. To enable individuals to move into and maintain mainstream employment, volunteering and leaming. Aim 2: Changing Opinions To work in collaboration policy makers ta ensure mental health remains a high priority. To support individuals to ensure their voice is heard and they are able to influence the way services a provided. To educate and inform the general public about mental ill-health and how it can affect people. Aim 3: Helping More People To develop new services for veterans, minority communities and people are homeless. To develop more services for people who are experiencing suicidal thoughts and those bereaved by suicide. To expand the programme of volunteering so that more people can access support when they need it. Aim 4: Organisatlonal Exc•ll•nce To ensure that our values run through everything we do and result in a motivated staff team. To ensure diversity in our staff and trustee teams. To ensure the team has the expertise and capacity to dellver quality and grovrth. To increase our non-statutory income. The coronavirus pandemic left a deep scar on the mental health of hundreds of thousands across Hull and East Yorkshire. The terrible 105s of life, the impact of lockdowns and unprecedented isolabon left many of us struggling to cope. People who were already experiencing poor mental health struggled more than ever before. But a8 the *Drld around us became unrecognisable, Hull and East Yorkshire Mind and the local cornmunity fought like never before. We made sure the pandemic's impact on mental health was not ignored and did everything in our pOv￿r to help. Page 6 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarant•e) TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Hull & Ea8t Yorkshire Mind Chalrof Trustees Report for Financial Year Ended 31st March 2024 In my first report as the proud Chair of Hull and East Yorkshire Mind. I must start by giving a huge thank you to all of the colleagues, led by an outstanding CEO and supported by a brilliant SLT, the trustees and the many volunteers for their valued contribution over the last financial year. Without you. there vnuld be no Hull and East Yorkshire Mind. l am constantly in awe of colleagues, dedication to supporting those in need of Hull and East Yorkshire Mind's setvices In sometimes difficult circumstances, our brilliant people conts'nue to support people with the utmost of professionalism and respect. The last twelve months have not been without challenge, but our dedicated team and volunteers have continued to address these challenges head on, support people expefiencing poor mental health, fundraise, V•in partnerships and contracts, and V￿ end the year in a more positive positson. l am looking forward lo the next year vath a sense of excitement, with the delivery of a new strategic Plan, supported by new trustees joining us on the Board, I'm excited to see what the 202516 people brings us. Kate Carroll Chair of the Board of Trustees Campaigns Over the past year, we have created and executed a series of impactful campaigns aimed at educating, infomiing, empowering. and inspiring our local communities within Hull, East Yorkshire, and North East Lincolnshire. Through our campaigns and marketing efforts, we have continued the narrative surrounding mental health, letting everyone know that its OK to experience poor mental health, and its OK to reach out for help and support. Our key awareness days and campaigns for 2023124.. Mental Health Awareness Week (15th-21st May 2023) World Suicide Prevention Day (1 Oth September 2023) World Mental Health Day (1 Oih October 2023) Time to Talk Day12nd February 2023) Childrens Mental Health Week (6-12 February 2023) Through these initiatives, we have strived to make a positive impact on mental heallh avRreness and support in our local communities. In addition to the above, V￿ also marked other key mental health awareness days such as Stress Awareness Day, Self-lnjury Awareness Day, Men's Mental Health Week and Maternal Menlal Health Week. Fundraisin and Partnershi 2023124 was another year there our fundraisers have provided us with invaluable support. We continue to build strong relationships with existing and new partners. raisin and artnersh. Local organisations provKled valuable support in raising the charity's profile across the local area and supporting LIS directly by holding events and with direct donations. Page 7 HULL AND EAST YORKSHIRE MIND IA Company Limited ty Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Communi fundraisin We vRre honoured and humbled by the number of irKlividuals and groups that supported us across the year in variety of ways. From wing-vRlkers, skydivers, runners, hill Climbers and tough mudders. to the vnnderful SK fests've runners that dressed up as elves to take part in our Mental Elf event. Each and every person that fundraised for us is truly valued and has their own mental health story to tell. There really are too many people to mention individually, but we M)uld like to high1￿h1 just a few. The Kettlewell famity,. Brandesburton Young Farmers,. and the Tennant family. who all gave their time and energy to raise funds to help more people with their mental health. Our community reminds us of the importance and impact of our work locally and are grateful to each of them individually for their continued support. Our Servlces Mind In E During the year, we've worked extensively in schools across Hull and East Yorkshire, empowering the ￿tt01e school community to look after their mental health. Our 'Mind in Education, program offers targeted 1..1 sessions, group workshops, drop-ins, and wellbeing ambassador training to encourage peer support. Collaborating c105ely V￿th schools, we've identified and implemented effective solutions for improvement, creating a healthier and happier school environment, We provided support to over 17 schools, including trusts and individual schools Our evaluations showed an impressive 80% improvement in students. mental health and a remarkable 99% recommendation rate. Prima Car The Hull PCN Service launched in 2022. The service continues to grow. The services offer earfy intervention, includlng telephone listenirYJ and signpostin9 to counsellng, mental health assessment, support groups, and face- ttrface assistance if required. Over 3000 individuals have received mental health support from our team, highly valued as experts by the mullidisciplinary GP surgery team. Crisis Sep41 Through our ongoing partnership with Humber Teaching NHS Foundation Trust, the Mental Health Advice and Support Line remains a key point of support for individuals across Hull and the East Riding of Yorkshire. Additionally, our Adult Crisis Pad operates every evening from 6 pm to 2 am, our Children and Young Persons Safe Space-a recently introduced Service, available from 8 pm to 9 am. These provide providing safe and supportive environment for those in need. We also continue to collaborate with Humberside Police to facilitate the handling of mental health related emergency Galls. Page 8 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recove Seprfice Our Recovery Service caters to indivlduals dealing wth co-existing mental health and substance misuse issues, particulady those at risk of suicide. This is funded by Hull City Council and delivered in partnership with ReNew. A weekly MDT meeting ensures appropriale referrals. and clients provide positive feedback through end of support evaluations. Signposting is available if alternative support is needed. 100% of individuals would be likely or extremely likely to recommend the service to friends, family or other Renew service users. The Together service offers vital support to individuals who have experienced bereavement or have been affected by suicide. This support is delivered by a team of dedicated volunteers who provide a h'stening ear and emotional support to those in need. other Communi Pro ect We conlinue to deliver a number of projects to support people in the community across the East Riding of Yorkshire. Thera Our Therapies seNces continue to grow. New projects include vrforkin9 Wlth Youth Justice and education establishments. in Following a substantial investment loan from Social and Sustainable Capital {SASCI in 2021, V￿ have continued to grow our housing portfolio to improve the accommodation we currently provide for adults experiencing poor mental health. 2023124 saw the completion our final property acquisitions through the loan from Social and Suslainable Capital (SASCI. At the end of the year we also received confirmation of funding from Homes England to support our investment in new homes for clients. We look forward to clients receiving the fvll benefit of these acquisitions in the new financial year. Providing individuals with safe and affordable homes to live in while providing specialist advice and support is something we strive to achieve. Wellin ton Care During 23124, Wellington Care (our trading subsidiary) saw another period ol growth as Increased the number of units available to support our clients. The continued expansion and investrnent in staffing have had a negative impact on Wellington Care's results for the year 23124. However, it has put Wellington Care on a stronger footing for future years. Page 9 HULL AND EAST YORKSHIRE MIND IA Company Limited by Guaranteè) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnancial Review This has been a very difficult year. Whilst our income has grown, the cost delivering services have exceeded that groN*th. In part this is due do the increase in the National Minimum Wage and the cost of investing in new seprfices. Combined with the drop in the surplus from our subsidiary, Wellington Care, we have incurred a deficit on our services. In addition, we have made a provision against a past liability Wlth HMRC ansing from errors in the pension conlributions. Our balance sheet has been strong enough to absorb the deficit and we remain In a good financial posrtion. Princi al Risks and Uncertainties The prlncipal risk to facing the charity is the current economic uncertainty. We are reliant on commissioned services from public bodies. That exposes us to potential reducllons in the level of sep4ices we provide. Our strong relationships with those bodies and the value of our services should help protect us from 1055 of income. However. additional increases in the Nalional Minimum Wage for next year, and potential impact of an increase in Employer National Insurance will continue to put strain on our finances. ReseNes Polic After assessment of the risk to the charity the reserves policy is.. To maintain sufficient reserves to enable it to respond lo short term fluctuati￿5 in levels of funding, and provide sufficient liquid resources to meet its revenue and capital needs. To fix the sum required at three months gross annual expenditure plus committed capital expenditure. To monitor the position on a regular basis and identify the steps necessary to achieve the required level. To invest all liquid assets in short-lerm low risk investments excepl vhere a longer period could be considered. To ensure that any longer term investment is only undertaken after proper considefalion of the risks and retums involved. Total funds for the group are £1.73m (2023 £2.05m) with the total lunds of the charity being £1,69m (2023 £1.87m). Included in total group reserve5 are funds of £2.0Sm {2023 £1.41ml relating to fixed assets and associated bank loans which can only be spent when the assets are sold and restricted funds of £Nil {2023 £0.02m). At the balance sheet date, the group held £-0.31 m (2023- £0.61 m) in free reSen￿e$, which is below the reser¥es policy target of £0.60m. Free reserves includes £0.04m (2023 - £0.18rn) relating to the subsidiary company. Investments and Short-Term De osits Investments are re-valued each year to reflect the market value prevaling at the balance sheet date. Short tem deposits are held by the charity so that in the event that direct funding is delayed. on-going salary and overhead costs can be met. Page 10 HULL AND EAST YORKSHIRE MIND IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for the Future Hull and East Yorkshire Mind continues with the broa¢J objectives established in its strategic plan to reach more people in our communities. The continuing uncertainties around the economy and funding arrangements means ￿ will be focusing on ensuring we maintaining our current services. Our strong links across Hull and East Riding of Yorkshire places us in a very good position to bid for, and secure. new opportunities as they arise. Approved by order of the members of the board of trustees and signed on their behalf by.. CECcArAI C Carroll Chalr Date.. 11-11-3*. Page11 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees, Report including the Strategic Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practlce). Company law requires the trustees to Prepa￿ financial statements for each financial year Under company law, the trustees must not approve the financial statements unless Ihey are satisfied that they give a true and fair wew of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their 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.. observe the methods and principles of the Charities SORP {FRS 102)., make judgments and accounting estimales that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The trustees are responsible lor keeping adequate accounting records that are sufficienl to show and explain the Group and the Charity's transactions and disclose reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply wlth the Companies Act 2006.'They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of trustees and signed on its behalf by.. CLCcA(AI C Carroll Chair Date.. 11-11-J4. Page 12 HULL AND EAST YORKSHIRE MIND IA Company Llmited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HULL AND EAST YORKSHIRE MIND Opinion We have audited the financial statements of Hull and East Yorkshire Mind (the 'parent charrtable company'> and its subsidianes (the 'group') for the year ended 31 March 2024 vthich Gomprise the Consolidated Statement of Financial Activitr'es. the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting frame¥Nork that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 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.. give a true and fair view of the stale of the Group's and of Ihe parent charitable company's affairs as at 31 March 2024 and of the Group's incoming resources and application of resources, including ils income and expenditure for the year Ihen 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 Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standard5 on Auditing (UK) (ISAS (UKI) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wrth 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 goln9 ¢oncem In auditing the financial ststements, we have concluded that the trustees, use of the going concem 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 uncertaints'es relating to events or conditions that. individually or collectively. may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least trwelve months from vknen the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees viith respect to going concem are described in the relevant sections of this report. Page 13 HULL AND EAST YORKSHIRE MIND IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HULL AND EAST YORKSHIRE MIND (CONTINUED) Other Informatlon The other information comprises the infomiation included in the Annual Report other than the financial statements and our Auditors, Report thereon. The twstees are responsible for the other information contained within the Annual Report. Our opinion on the financial ststements does not cover the other information and, except to the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider vh)ether the olher information Is materially inconsistent wth the financial statements or our knowledge obtained in the course of the audit, or otherv4i5e appears to be materially misstated. If we identify such material inconsistencies or apparent Material misstatements, we are required to determine ￿ether Ihis gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomation, we are requred to ￿port thal fact. We have nothing to report in this regard. Oplnion on other matters prescribed by the Companies Act 2006 In our opinion. based on the V￿rk undertaken in the course of the audit.. the infomation given in Ihe Trustee5' Report including the Strategic Report lor the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees, Report and the Strategic Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by oxception In the light of our knowledge and understanding of the charitsble company and its environment obtained in Ihe course of the audit, we have not identified material misstatements in the Trustees. Report including the Strategic ReporL We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion.. the parent charitable company has not kept adeqLJate and sufficient accountlng records, or returns adequate for our audit have not been received from branches not visited by us., ar the parent chantable company financial statements are not in agreement vdth the accounting records and return5,' or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Page 14 HULL AND EAST YORKSHIRE MIND IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HULL AND EAST YORKSHIRE MINO (CONTINUED) Responsibilitles of trustee$ As explained more fully in the Trustees, Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company lawl 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 Irusleej 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 statemenls, the trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concem. disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Group or the parent charitable company or to cease operation5, or have no realistic alternative but to do so. Auditors, responsibilities for the audlt of the financlal ststements Our objectives are to obtain reasonable assurance about vthether the financial statements as a whole are free from material misstatement. vthether due to fraud or error, and to issue an Audilor5' 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) viill always detect a material misstatement when il exists. Misstatement5 can arise from fraud or error and are considered material if, individualty or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with lav￿ and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misslalements in respect of irregularities, including fraud. The extent to which our procedures are capable of deteGling irregularitres, including fraud 18 detailed below.. Our approach lo identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as foll0v￿.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabililies and skills to identify or recognise non-compliance with applicable law3 and regulations., we identified the laws and regulations applicable to the Group through discussions with trustees and other management, and from our commercial knowledge and experience of the Group and sector in which it operates., we focused on specific lav￿ and regulations which considered may have a direct material effect on the financial statements or the operations of the Group, including the Companies Act 2006, the Charib'es Act 2011, taxation legislation, data protection, anti-bribery, employmenl, environmental and health and safety legislation., we assessed the extent of compliance wth the laws and regulations identified above through making enquines of management and inspecting legal correspondence., and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout Ihe audit. We assessed the susceptibility of the Group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to vthere they considered there was susceptibility to fraud, their kno￿edge of actual, suspected and alleged fraud.. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. Page 15 HULL AND EAST YORKSHIRE MIND IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HULL AND EAST YORKSHIRE MIND (CONTINUED) To address the risk of fraud through management bias and override of controls, ¥*E- performed analytical procedures to identify any unusual or unexpected relationships., tested joumal entries to identify unusual transactions., reviewed a sample of grants and other income in the year to ensure accurate recognits'on., agreed a sample of employees on the payroll to existence and agreed the accuracy of their pay; assessed and revievRd the appropriateness and effectiveness of the key systems and controls; assessed vthether judgements and assumptions made in determining the accountin9 estimates set out in Note 3 were indieats've of potential bias., and Investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance wilh laws and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation: reading the minutes of meetings of those charged with govemance., enquiring of management as to actual and potential litigation and claims. and reviewing any correspondence with HMRC, relevant regulators and the Group's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that lavts and regulations are from financial transacbons, the less likely it is that we vnuld become aware of non-compliance. Auditlng standards also limit the audit procedures required to identify non-compliance with lavrfs and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal corres￿ndenCe, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A fvrther des¢ripti¢)n of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. vohw.frc.or .uklauditorsres onsibiliti This description foms part of our Auditors. Report. Page 16 HULL AND EAST YORKSHIRE MIND IA Company Limited by Guarantso) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HULL AND EAST YORKSHIRE MIND (CONTINUED) Use of our report This report is made solely to the charitable companls members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit VK)rk has been undertaken so that we might state to the charitable cornpany'5 members those matters we are required to state to them in an Auditors, Report and for no other purwse. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charilable Company and ils members, as a body. for our audit work, for this report. or for the opinions v have formed. Robert Anderson (Senlor Stslutory Audltor) for and on behalf of Streets Audit LLP Chartered Accounianls and Statutory Auditor Halifax House 30 George Street Hull East Yorkshire HU1 3AJ Date.. 19 December 2024 Page 17 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) CONSOUDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDEO 31 MARCH 2024 Restrlcted Unrnstricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Nots Income from: Donalions and le9acies Charitsble activib'es Other Irading activities Investments 409,458 174,570 5,060,688 2.845,420 625 S84,028 5,060,688 2,845,420 625 . 623,051 4, 755, 178 2,364, 986 3, 855 Total income 409,458 8.081,303 8,490,761 7,747,070 Expenditurn on: Raising funds- Charity Subsidiary Other raising funds Charitable activities 294,996 94,275 2.794,759 389,271 2,794,759 137,795 5.484,749 584,872 2.202. 197 137,795 5,484.749 4,841,414 Total expenditure 432,791 ,373,783 8,806,574 7,628,483 Net movement in funds (23,3331 (292,480) (315,813 118,587 Reconciliation of funds: Total funds brought forward Net movement in funds 23,333 (23.333) 2.027,028 (292,480) 2,050,361 (315,813) 1,931,774 118,587 Total funds carrled forward 1,734,548 1.734,548 2, 050.361 The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 24 to 46 form part of these financial statements. Page 18 HULL AND EAST YORKSHIRE MINO IA Company Limited by Guarantee REGISTERED NUMBER: 04936165 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxod assets Tangible assets Investment property 13 14 4,824,378 200,000 3, 539, 755 200,000 5,024,378 3, 739, 755 Current as8et8 Debtors Cash at bank and in hand 16 1,412,463 561.942 1,091, 106 1,072,858 1,974,405 2,163.964 Creditors.. amounts falling due y￿thIn one year 17 (1,220,193 (1,214,960) Net current assets 754,212 949,004 Total asset•108s currnnt Ilabllltl08 5.778.590 4,688, 759 Creditors.. amounts falling due after more than one year 18 {4,044,042) (2, 638,398) Net assets excludlng pension asset 1.734,548 2,050,361 Totsl net assets 1,734,548 2, 050,361 Page 19 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) REGISTERED NUMBER: 04936165 CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 2024 2023 Note Charity funds Restricted funds Unrestricted funds 19 19 23,333 2.027,028 1,734,548 Total funds 1,734,548 2. 050,361 The trustees a¢knO￿edge their responsibilities for complying V*ith the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements V￿re approved and authorised for issue by the trustees and signed on their behalf by.. cEcG￿￿1 C Carroll Chalr Date: 11-11-J*. The notes on pages 24 to 46 form part of these financial statements. Page 20 HULL AND EAST YORKSHIRE MIND (A Company Llmited by Guarantee REGISTERED NUMBER: 04936165 CHARITY BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Tangible assets Inveslmenls Investment property 4,809,066 3,528, 107 14 200,000 200,¢WO 5,009,067 3, 728,108 Current a890ts Debtors Cash at bank and In hand 16 1,234,886 511,308 732, 954 1,026, 564 1,746,194 1,759,518 Creditors.. amounts falling due within one year 17 (1,016,226) (974, 770) Net current assets 729,968 784, 748 Total assets less current liabilities 5,739,03S 4,512,856 Creditors.. amount5 falling due after more than one year 18 14.044,0421 (2, 638,398) Nel assets excluding pension asset 1,694,993 1,874,458 Total net assets 1,694,993 1.874,458 Page 21 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) REGISTERED NUMBER: 04936165 CHARITY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 2024 2023 Note Charity fund8 Restncted funds Unrestricted funds 19 19 23,333 1,851, 125 1,694,993 Total fund8 1,694,993 7,874,458 The Charity's net movement in funds for the year was £1179,465) (2023- £62, 128). The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements We￿ approved and authorlsed for issue by the trustees and signed on their behalf by. C Carroll Chair Date.. 11-11-i*. The notes on pages 24 to 46 form part of these financial statements. Page 22 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activities Net cash used in operating activities 437,788 288, 187 Cash flows from Investing activitles Investment income received Purchase of tangible fixed assets 625 3,855 11,620,437) (1,988,228) Net ¢a8h used In Invogtlng activltle8 11,619,812) (1,984,373) Cash flo￿ from flnanclng activities Cash inflovA from new boffowing Repayments of borroviing 952,750 (281,642) 1,627,500 (37,029) Net cash provlded by financlng actlvlllos 671,108 1,590,471 Change In cash and cash equivalents In the year Cash and cash equivalents at the beginning of the year 1610,916) 1,072,858 (105,775) 1, 178,573 Cash and cash equlval•nt8 at the end of the year 561,942 1,072,858 The notes on pages 24 to 46 form part of these financial statements Page 23 HULL AND EAST YORKSHIRE MIND IA Company Limited by Guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Gènèral Informatlon Hull and East Yorkshire Mind is a company limrted by guarantee feglstered in England and Wales and a registered charity. The address of the registered office is 108 Beverley Road, Hull, HU3 1 YA. Accountlng pollclos 2.1 Basls of preparatlon of financlal statement8 The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Chariti88'. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Addits'onal disclosufes required by the Statement of Recommended Practice for Social Housing Providers 2018 have also been included where applicable to the housing operations of the chanty. Hull and East Yorkshire Mind meets the definition of a public benefit entity under FRS 102. Assets and liabilib'es are initially recognised at historical cost ¢y transaction value unless otherwise stated in the relevant accounting policy. The Consolidated Statement of Financial Activitles (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the Subsidiary are consolidated on a line by line basis. The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its Statement ol Financial Acts'mties in these financial statements. Page 24 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.2 Income All income is recognised once the Charity has entitlement to Ihe Income, It is probable that the income wll be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipi and the ability lo estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the propety in question will not be required to satisfy claims in the estate. Receipt of a legacy musl be recognised when it is probabl8 that il will be received and the fair value of the amount receivable, which wll generally be the expected cash amount to be distributed to the Charity, Can be reliably measured. Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant fvnds on the Balance Sheet. Where income is received in advance af entitlement of receipt, its recognition is deferred and included in creditors as deferred income. In particular, grants associated to properts'es are deferred and released in line with the expected lrfe of the asset. Where entitlement occurs before income is received, the income is accrued. Other income is recognised in the period in which it is receivable and to the exient the goods have been provided or on completion of the service. 2.3 Expondlture Expenditure is reco9nised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefit5 wll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. Expendilure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable actiNities is incurred on d1￿ctlY undertaking the activities which further the Group's objectives, as well as any associated support Costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Taxation The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempl from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Acl 1992, to the extent Ihat such income or gains are applied exclusively to charitable purposes. Page 25 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policie8 (contlnued) 2.6 Tangiblo fixed assets and d•preclatlon Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of Ihe asset can be measured reliably. Tangible fixed assets are inllially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs inCUr￿d to bring a tangible fixed asset into its intended ￿orkIng condition should be included in the measurement of cost. Depreciation is charged so as lo allocate the cost of langible fixed assets less their residual value over their estimated useful lives, using the slraight-line method. The estimated useful lives are as follows.. Property Office and Head OPO Development Motor vehicles Fixtures and fittings Office and computer equipment 20 and 50 years 15 years 4 years 2 and 5 years 3 and 20 years 2.6 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case il is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses) on investments, in the Consolidated Statement of Financial Activities. Investments in subsidiaries are valued at cost less provision for impairment. 2.7 Investment property Investment properts'es for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value, recognised in the Consolidated Slatement of Financial ActNilies. 2.8 Debtor8 Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.9 Cash at bank and In hand Cash at bank and in hand includes cash and short-tem highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 26 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl 2.10 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amounl ihal the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods ty services it must provide. 2.11 Flnanclal instrurnonts The Group only has financial assets and financial liabilities of a kind thal qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value v*ilh the exception of bank loans which are subsequently measured at arnortised cosl using the effective interest method. 2.12 Operating leases Rentals paid under operating leases are charged to the Consolidated Statement of Financial Activities on a straight line basis over the lease term. 2.13 Pensions The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year. 2.14 Fund a¢counting General lunds a￿ unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance wlh specrfic restrictions imposed by donors or which have been raised by the Group for partscular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income. gains and108ses are allocated to the appropriate fund. 2.15 Social housing and other grants Where properties have been financed wholly or partly by social housing and other grants, the amount of the grant received has been included as deferred income and recognised in income over the ests'mated useful life of the propety, under the accruals model. Page 27 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstsnces. Critical accounting estimates and assumptions.. The Charity makes eslimates and assumptions concerning the future. The resulting accounting estimates and assumptions Viill. by definrtion, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a matenal adjustment to the carrying amounts of assets and liabilities ￿1th1n the nex1 financlal year are discussed below. Tangible fixed assets and investment property are recognised at cost or valuation, less accumulated depreciation l amortisation and any impairment. Depreciation l amortisats'on takes place over the estimated useful life, down to the assessed residual value, The carrying amount of the Charity's fixed assets is tested as soon as changed conditions show that a need for impairmenl has arisen. Page 28 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlons and legacies Rostricted Unrestricted funds funds 2024 2024 Total funds 2024 Donations Legacies Grants 151,356 15,765 7,449 151,356 15,765 416,907 409,458 409,458 174,570 584,028 Restricted Unrestricted funds funds 2023 2023 Total runds 2023 Donations Legacies Grants 115.104 22,000 7.442 115,1t 22,000 485,947 478,505 478, 505 144.546 623,051 Income from charltable actlvities ilnrestrlcted funds 2024 Total funds 2024 Total funds 2023 Property Supported Housing Health Services Local Authority Other 1,292,347 441,900 2,130,506 836,002 359,933 1,292,347 441,900 2,130,506 836,002 359,933 1,052,017 429, 737 1.905,264 1,032,119 336,041 5.060.688 S,060,688 4, 755, 178 Page 29 HULL AND EAST YORKSHIRE MIND IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from other trading activities Income from non charitable trndlng activities Unrnstricted funds 2024 Total funds 2024 Tot81 funds 2023 Subsidiary trading income 2,845,420 2,845,420 2,364, 986 Investment Incom• Unrnstricted funds 2024 Total funds 2024 Total funds 2023 Investment income 625 625 3.855 Expenditure on ralslng funds Grant expendlture Restricted fund8 2024 Total funds 2024 Total funds 2023 Grant-Related Expenditure 432,791 432.791 498,505 Page 30 HULL AND EAST YORKSHIRE MIND IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on raising funds Icontinued) Costs of generating voluntary income Unrnstricted funds 2024 Total funds 2024 Total funds 2023 Other Costs Payroll Costs 24,908 69,367 24,908 69,367 19.182 67.185 94,275 94,275 86,367 Subsldlary expendltur• Unrnstricted funds 2024 Total lund8 2024 Total funds 2023 Other Subsidiary Costs Subsidiary Payroll Costs 525,849 2,268,910 625,849 2,268,910 601,453 1,600, 744 2,794,759 2.794,759 2,202,197 Analysis of expènditure by activities Activities undertaken directly 2024 Overhead allocation 2024 Total funds 2024 Propety Supported Housing Health Services Local Authority Other 1.201.288 448,671 1,729,495 495,376 716,611 194,384 1,491,433 {1,093,000) 300.491 1,501,779 448,671 2,224,871 910,995 398.433 5,587,498 (102,749) 5.484,749 Page 31 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of exp8nditure by activities Icontinued) ActNit￿S undertaken directly 2023 Overhead allocalion 2023 Total funds 2023 Property Supported Housing Health Seprfices Local Authority Other 982, 792 398,219 1,631,987 672,325 1,236, 259 245,256 1,227,448 398,219 2,039,499 840,207 336,041 407,512 167,882 (900.218) 4, 920, 982 (79,568) 4,841,414 10. Auditors, remuneration 2024 2023 Fees payable to the Charity's auditor for the audit of the Charity's annual accounts 10,800 9, 000 Fees payable to the Charitys auditor in respect of: All taxation advisory services not included above All non-audit services not included above 1,086 10,560 360 6, 150 11. Staff costs Group 2024 Group 2023 Charity 2024 Charity 2023 Wages and salaries Social security Costs Contribution to defined contribution pension schemes 6,792,424 463,834 4,960.477 391,973 3,730,926 288,662 3,507,988 269,268 103,281 93.053 71.041 67,503 6,359,539 5,445.503 4,090,629 3.844, 759 Page 32 HULL AND EAST YORKSHIRE MIND (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. Staff costs (continued) The average number of persons employed by the Charlty during the year was a8 follows.. Group 2024 Gmup 2023 Hull & East yorkshi￿ Mind Wellin9ton Care Limited 183 195 69 270 264 The number of ern￿OYees vh)ose employee benefits (excluding employer pension costs) exceeded £60,000 was.. Group 2024 No. Group 2023 In the band £60,001- £70,000 The key management personnel of the charity are the Leadership Team listed on page 1. The totsl amount of employee benefits (includin9 employer pension contributions and employer national insurance contributions) received by key management personnel for their service8 lo the charity was £149,779 (2023.. £135,946). 12. Trustoes, remunoration and •xp•n8•8 During the year, no trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 March 2024, expenses ￿tre reimbursed or paid directty to 2 twstees (2023 - to 3 truslees) broken down as follows.. 2024 2023 Travel 662 585 Page 33 HULL AND EAST YORKSHIRE MIND IA Company Llmlted by Guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 fyIARCH 2024 13. Tanglbl8 flxgd a•¥•ts Group Offlc• Ind Comput•r Eq¥lpm•nt Prop• Prop•rty D•v•iopm•nt M•t•r FIX￿r•I Ind v•hlrl•• Flttlng• Tot•1 Colt or v•lu•tlon Al 1 April 2023 Additions Disp￿91$ 3,945,033 1.107,160 469,S33 168.604 14,970 230,7J7 30S,705 15,0821 98,432 40.424 4,748,706 1,617.813 15,0821 Al 31 March 2024 6.062,183 618,137 14,970 631.%0 144,8S8 1,381,608 D•pr•6l•tfjon At 1 April 2023 Chirgo forthe year On dispc4811 781,388 18J,114 318,148 29,691 1,871 3,74J 18,S02 80.877 11,3631 41,041 32,218 1,208,950 329,541 11.3831 At 31 March 2024 984.502 345,739 5,014 148,018 73,257 1,037,12• Page 34 HULL AND EAST YORKSHIRE MIND IA C￿￿￿nY Llmlt•d by Guarant￿> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. T•nglbl• flxod 8•2•t• Icontlnuodl Group Icontlnu•dl Offi¢• ind Cornput•r Equlpm•nt PMp• Prop•ty O•v•lopm•nt Motor Flxlurn• and v•hlcl•• FI￿nHI Totsl N•t book ¥*lu• Al 31 Morth 2024 4,087,681 272,399 9,366 383,344 71,S99 4.824.378 Al 31 Morch 2023 3,163,64J 143,385 13,099 162,235 57,391 3,539, 755 ¢h•rfjty Pr•p•rty Pvop•vty Dwqlopffl•nl Plolor Flxturn• •Dd v•hl¢h• Fltllnp omput•r E4ulpm•nt Tol•l Cost or valuit4on At 1 ApThl 2023 Addition8 3,940,033 1,107,160 409,533 168,604 14,970 2JO.737 306,70S 16,0821 12.954 35,375 4,733,227 1,808.834 15,0821 Al 31 March 2024 5,052,113 618,137 14,970 531.360 110,329 6,334,979 Page 35 HULL ANO EAST YORKSHIRE MIND IA Company Llmlt8d by Guarantael NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 13. T•n9lbl• flxod a*vts Icofitlfiue