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2022-03-31-accounts

Registered number: 05093370 Charity number: 1103790

NORTH KENT MIND (A company limited by guarantee)

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Lindeyer Francis Ferguson Limited

Chartered Accountants & Statutory Auditors 198 High Street Tonbridge Kent TN9 1BE

NORTH KENT MIND

CONTENTS

Page
Reference and administrative details of the charity, its Trustees and advisors 1
Trustees’ report and Statement of Trustees’ responsibilities 2
Independent Auditors report 9
Statement of Financial Activities 13
Balance Sheet 14
Statement of Cash Flows 15
Notes to the Financial Statements 16

NORTH KENT MIND

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 MARCH 2022

Trustees

Lyndsey Stukalov-Stone (Chair) Donald MacLeod (Treasurer) Alex Stukalov-Stone Phil Matthews Andrew Upstill Diljeet Nota Sarah Gow Eleanor Collins Phil Vickery Jane Barham Maria Burke

(Resigned 20[th] December 2021) (Resigned 31[st] October 2021) (Resigned 1[st] March 2022) (Appointed 6[th] June 2022)

Company registered number 05093370

Charity registered number 1103790

Registered office

The Almshouses 6-22 West Hill Dartford Kent DA1 2EP

Chief Executive Officer Justin Bateman

Business Manager and Company secretary

Angela Lawrence

Auditors

Lindeyer Francis Ferguson Limited Chartered Accountants North House 198 High Street Tonbridge Kent TN9 1BE

Bankers

CAF Bank 25 Kings Hill Avenue, West Malling, Kent ME19 4JQ

1

NORTH KENT MIND

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of North Kent Mind (the company) for the year ended 31 March 2022. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the company’s governing document and the provisions of “Accounting and Reporting by Charities: Statement of Recommended Practice” applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), (effective 1 January 2019) (Charities SORP (FRS 102)).

STRUCTURE, GOVERNANCE AND MANAGEMENT

North Kent Mind’s governing documents are its Memorandum and Articles of Association, and its constitution.

• Method of appointment or election of Trustees

The management of the company is the responsibility of the Trustees who are elected at the Annual General Meeting, or co-opted under the terms of the Articles of Association. The Board reviews its strengths and weaknesses in relation to the task it needs to accomplish, and this helps identify when new Trustees should be recruited.

The Charity Commission stress that if a trustee has served for more than nine years, their reappointment is:

  1. subject to a particularly rigorous review and takes into account the need for progressive refreshing of the board; and

  2. explained in the trustees’ annual report.

One of our current trustees, Andrew Upstill, has served more than 9 years. The Board has considered his position, and noting that he comprises only 1 out of 8 Trustees, that new members have continued to join the Board throughout his tenure, and that he provides a unique and stable contribution to the work of an organisation that has experienced rapid change and growth, considers his continued involvement to be clearly beneficial.

• Policies adopted for the induction and training of Trustees

The Board is currently reviewing its induction policies for inducting and training Trustees, to ensure they are provided with all relevant information and training, including the 3 day North Kent Mind Training mandatory for all staff and volunteers.

• Organisational structure and decision making

The overall management of the charity is in the hands of the Trustees who meet every other month and there are currently two sub-committees: Finance & Personnel, and Quality. The Board delegates the day-today running of the organisation to the Chief Executive Officer. Other senior members of staff comprise the Deputy CEO who is responsible for spearheading new developments, the Central Services Manager who is responsible for the administrative staff, the Finance Manager and the managers of the key service elements: during the year in question these elements comprised Supported Housing, Fee Paying Services, Talking Therapies on the NHS, Wellbeing Services, Employment Services and the Children and Young Persons Service, previously known as the Schools and Training Service. The Senior Management Team serves as a decision-making body on operational issues.

• Risk management

The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. This exercise was last completed at a Meeting of the Board on 28 June

2

NORTH KENT MIND

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022 (continued)

  1. They have reviewed the need for an internal audit, and judged this is not necessary in the year to which these accounts relate.

• Networks and Partnerships

The organisation is affiliated to National Mind, and this has been codified in a Mind Federation Agreement dated March 2021 and will last until 2027 at the minimum. This defines the relationship between National Mind and local Minds, as well as the relationship the over 100 Local Mind Associations have with each other. This affiliation brings with it the advantages of a known and valued brand name, cooperative mutual help across the network, access to financially advantageous Insurance and Human Resources expertise, and regular quality audits.

The 5 Local Mind Associations who have an interest in Kent and Medway: North Kent Mind, West Kent Mind, Mid Kent Mind, South Kent Mind, East Kent Mind (managed by Mind in Bexley) now meet regularly and as “Mind in Kent and Medway”, cover the whole of this area, and with an agreed Memorandum of Understanding now stand ready to jointly run projects that straddle several areas.

In the year in question, North Kent Mind remained one of the partners within the Advice Together Partnership, which allowed efficient and speedy cross-referral of clients within around 40 local agencies. This partnership has now been replaced with the Kent Refernet system, which includes KCC, and appears to have a focus more on clients’ finances than its more generic predecessor.

North Kent Mind functions as a delivery partner for the charity Porchlight on several fronts. During the year in question this involved delivering:

North Kent Mind also runs IAPT services in Medway, in partnership with Insight Healthcare (Lead) and IESO, and now works collaboratively with all the other Providers of IAPT Services in Kent and Medway, these being: Insight Healthcare, We Are With You, University Medical Centre, Faversham Counselling, Dover Counselling, IESO and Vita Healthcare.

We also work in partnership with Gravesham Council to deliver Mental Health Services to rough sleepers and hostel residents in the Borough.

• Constitution

The organisation operates on a constitution approved by National Mind.

OBJECTIVES AND ACTIVITIES

• Policies and objectives

The objects for which the charity is established are, within the communities of Dartford, Gravesham, Swanley and Medway; and across Kent in collaboration with other Mind organisations:

a) to promote the preservation of mental health and to assist in relieving and rehabilitating persons suffering from mental disorder or conditions of emotional or mental stress requiring advice or treatment; and

b) to promote the study of and research into mental health disorder and emotional or mental distress and to obtain and make records of and disseminate to the public the useful results of such research and to educate the public in matters relating to mental health.

3

NORTH KENT MIND

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022 (continued)

The organisation espouses the values of individualism, empowerment and recovery in mental health work.

• Public benefit statement

In setting North Kent Mind’s objectives and planning its activities, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit as required in section 17 of the Charities Act 2011 and, in particular, its supplementary public benefit guidance on fee charging.

ACHIEVEMENTS AND PERFORMANCE

• A note on the pandemic

The year in question, 2021 – 2022, saw the country emerging from the restrictions previously imposed as a result of Covid 19, and North Kent Mind cautiously mapped its way back to a more normal way of providing services: Throughout the year, progressively more teams were allowed back into the offices, and services started working in person with clients, originally where this could be outside (as with meeting tenants in the gardens, or the Ecology Island project), but then moving back to indoors in-person work in August 2021 when risk assessments indicated it was safe to do so.

Over the course of the year, clients became more used to in-person working, to the degree that in our therapeutic services such as IAPT and fee-paying services, there is now a clear demand for in-person work that we need to meet.

The organisation now expects all staff to have some portion of in-person or in-office work, and where a particular worker requests to continue largely or entirely on a remote basis, they need to present their case to a panel consisting of the Chair, CEO and Central Services Manager who will form a judgement on the case.

However, the organisation is now clear that for many posts, hybrid working (a combination of working from home and working from office) will in future be the norm.

As an organisation working in mental health, it is also clear to us that the experience of living under lockdown has had a significantly adverse effect on the mental health of the population at large. While national statistics might speak of increase in stress amongst younger people, or increasing levels of domestic violence, our frontline workers continuously report an increase in complexity of presentation amongst the people with whom we work.

• Review of activities

Throughout the year 2021–2022, North Kent Mind continued to run its range of services.

• Wellbeing Services:

These are delivered under the auspices of Porchlight, the Strategic Partner chosen by Kent County Council as part of its “Live Well Kent” service. The agreed portfolio in Dartford, Gravesham and Swanley and Medway consisted of:

We achieved all the targets of our contract, and note that Porchlight remain highly confident in our ability to deliver these at a high level of quality and volume.

4

NORTH KENT MIND

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022 (continued)

• Employment Services:

These comprise:

Our Employment Services regularly surpass the targets set for them by the commissioners.

These provided:

Anger Management Courses, suspended over the previous year as they cannot be run remotely, were reestablished in the year and are now working through a waiting list. A new direct debit system was put into place allowing clients to keep abreast of their charges, and allowing the organisation to perform more efficiently.

• Supported Housing:

We continued our policy of ensuring any new tenancies arising are let on a short term 2-year basis, to enable our service to work with more people in need. Short-term tenancies now outnumber long-term tenancies, and this ratio will continue to move in favour of short term tenancies

This department expanded significantly in the year, with the addition of new services:

• IAPT Services (Improving Access to Psychological Therapies)

We have now been delivering these services for ten years, and are still experiencing significant demand. To maintain flexibility within what is essentially a zero-level contract we structure our delivery on a core of permanent therapeutic staff supplemented by a range of self-employed Sessional Counsellors. Our service is available individually, in groups, or via guided digital modules.

We have maintained good recovery rates in this service (national standards are 50%) and are especially proud that whereas 90% of our clients who have a first session return for further sessions, the national target is 70% and for other IAPT providers in Kent and Medway, this has been as little as 60%.

5

NORTH KENT MIND

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022 (continued)

Recruitment of qualified therapists to this service is particularly difficult, and experience shows that the most successful method is to take on staff as trainees, who once qualified are likely to stay within the service.

We continue to provide a similar service in Medway in partnership with Insight and IESO.

• Children and Young Persons

This department continues to expand as KCC, Medway Council and the individual schools themselves see the value of using the services we have to offer. During the year we were working within 20 schools, both primary and secondary. We were especially pleased to be chosen as one of only 2 Local Mind Associations to run the first tranche of services (Schools and Colleges Extra Support Service) with the Anna Freud Centre, an exercise that required us to mobilise a new service within less than a month of getting the contract. With the agreement of the other Minds in Kent and Medway, we continue to run a pilot project reaching out to individual children even if they are outside our normal area of operation. During the year we also delivered a number of services through “reconnect” grants, working with younger people in community settings to help them reconnect to their communities after months of lockdown.

• Smaller Projects

North Kent Mind also ran a number of other initiatives within the financial year, financed either through its own resources, or by various funding streams. Among these were:

Trainee Placements

Within this year we continued to provide placements to Student Social Workers, Counselling Trainees and took on 6 full-time trainee Psychological Wellbeing Practitioners and 5 full time trainee High Intensity CBT therapists, as part of our IAPT work.

FINANCIAL REVIEW

The charitable company’s incoming resources for the year ended 31 March 2022 totalled £2,840,904 (2021: £2,451,501). Resources expended totalled £2,520,061 (2021: £2,065,464), resulting in a total net surplus of £320,843 (2021: £386,037).

At the year end, a pension liability arising from obligations to a multi-employer defined benefit pension scheme has been recognised at a figure of £7,879 (2021: £33,579).

• Reserves policy

The Trustees are very conscious of the need to act prudently with the administration of the funds of the charity, and assess the levels of free reserves they consider the charity should hold in order for all existing and planned activities to be financed. With significant amounts of money now being invoiced to the NHS on a monthly basis, there is also a need to hold reserves sufficient to cover any cash-flow issues when payments from this source, or elsewhere, are delayed.

6

NORTH KENT MIND

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022 (continued)

The Trustees are also aware of the need to meet all contractual obligations if, for any reason, the charity had to cease activity, and hold that the complex responsibilities the organisation undertakes must be supported by an adequate level of reserves.

The trustees have a policy of reviewing the levels of reserves each year. Since the previous year’s review the Charity has expanded in both workload and personnel. The trustees are of the opinion that the Charity should retain free unrestricted reserves to cover 3 months of ongoing expenses and also have sufficient funds to cover any closure costs should they arise. Following decisions at the Board Meeting December 2022 and the Finance and Personnel Meeting January 2023, the Trustees consider that a desired level of unrestricted reserves currently should be £1,040,000.

As at the year ended 31 March 2022, the figure in free unrestricted reserves (that is unrestricted reserves represented by net current assets) was £1,237,559 (2021: £928,734). A figure of £97,039 (2021: £85,021) is in restricted reserves and therefore is not available for general purposes of the charity at the year end.

• Principal Funding

The charity generally remains dependent on funding from statutory sources, but these show a diversity of funding streams. Forecasts for the year 2022 - 2023 expect 43.2% to come from the Kent and Medway Integrated Care Board (NHS), 24.8% from Porchlight (mostly as the Strategic Partner of KCC), 11.6% from Intensive Housing Management, 6.8% from Health Education England, 5.4% from Medway and KCC Education Departments, and 8.2% from other sources.

PLANS FOR THE FUTURE

• Future developments

North Kent Mind published its 4 year strategy in April 2019. This focuses on the following key elements:

In the last year of this strategy, even with the stultifying effect of covid and lockdown, NKMind has gone a fair way to implementing these targets: it has certainly retained all its portfolio of services, and moved to a position where all these are financially sustainable: it now delivers “baseline services” in Medway. It has created a post of fundraiser, and while there are more communities to which we could provide preventative services, that is the key focus within our work within schools. The organisation is now working on an agreed Strategy for April 2023 onwards.

7

NORTH KENT MIND

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022 (continued)

AUDITORS

The auditors, Lindeyer Francis Ferguson Limited, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

TRUSTEES’ RESPONSIBILITIES STATEMENT

The Trustees (who are the directors of North Kent Mind for the purpose of company law) are responsible for preparing the Trustees’ report and the 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. Under that law the Trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period.

In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and 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.

PROVISION OF INFORMATION TO AUDITORS

Each of the persons who are Trustees at the time when this Trustees’ report is approved has confirmed that:

This report has been prepared in accordance with the provisions applicable to small companies subject to the small companies’ regime in Part 15 of the Companies Act 2006.

This report was approved by the Trustees on 26 January 2023 and signed on their behalf, by:

L Stukalov-Stone - Chair

8

NORTH KENT MIND

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF NORTH KENT MIND FOR THE YEAR ENDED 31 MARCH 2022

Opinion

We have audited the financial statements of North Kent Mind (the ‘charitable company’) for the year ended 31 March 2022 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

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

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

9

NORTH KENT MIND

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF NORTH KENT MIND FOR THE YEAR ENDED 31 MARCH 2022

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

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

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

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditor’s responsibilities for the audit of the financial statements

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

10

NORTH KENT MIND

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF NORTH KENT MIND FOR THE YEAR ENDED 31 MARCH 2022

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

We obtained an understanding of the legal and regulatory framework applying to the charitable company, and the procedures that management adopt to ensure compliance, and have considered the extent to which non-compliance might have a material effect on the financial statements, and in particular we identified: the Companies Act 2006, the Charities Act 2011 and Charities SORP (FRS102).

We have also identified other laws and regulations that do not have a direct effect on the amounts or disclosures within the financial statements, but for which compliance is fundamental to the company’s operations and to avoid material penalties, including General Data Protection Regulation.

Having reviewed the laws and regulations applicable to the company, we designed and performed audit procedures to obtain sufficient appropriate audit evidence. Specifically, we:

We assessed the susceptibility of the company’s financial statements to material misstatement due to fraud, and in doing so:

The audit has been planned and performed in accordance with the auditing standards, however, because of the inherent limitations of audit procedures there remains a risk that we will not detect all irregularities, including those that may lead to material misstatements in the financial statements. There are inherent difficulties in detecting irregularities, and irregularities that result from fraud may be more difficult to detect than irregularities that result from error, for example due to concealment, override of controls, collusion or misrepresentations. In addition, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less audit procedures are able to identify.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

11

NORTH KENT MIND

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF NORTH KENT MIND FOR THE YEAR ENDED 31 MARCH 2022

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and, the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Healey FCA Senior Statutory Auditor

For and on behalf of: Lindeyer Francis Ferguson Limited Statutory Auditors Chartered Accountants

Date: 30 January 2023

North House 198 High Street Tonbridge Kent TN9 1BE

12

NORTH KENT MIND

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Notes
INCOME FROM:
Donations
2
Investments
3
Charitable activities
4
TOTAL
EXPENDITURE ON:
Charitable activities
5
Interest payable
7
TOTAL
NET INCOME
8
Transfer between funds
13
Net movement in funds
Total funds brought forward
Total funds carried forward
13		 2022
£
102,284
100
2,478,323
Unrestricted
funds		 2022
Restricted
funds
£
35,951
-
224,246		 2022
Total funds
£
138,235
100
2,702,569		 2021
Total funds
£
143,839
128
2,307,534
2,580,707
2,289,322
193		 260,197
230,546
-		 2,840,904
2,519,868
193		 2,451,501
2,064,570
894
2,289,515
291,192
17,633		 230,546
29,651
(17,633)		 2,520,061
320,843
-		 2,065,464
386,037
-
308,825 12,018 320,843 386,037
928,734 85,021 1,013,755 627,718
1,237,559 97,039 1,334,598 1,013,755

The statement of financial activities includes all gains and losses recognised in the period.

All income and expenditure derives from continuing activities.

13

NORTH KENT MIND

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2022

Notes
Fixed assets
Investment
9
Current assets
Debtors
10
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within one year
11
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
12
more than one year
Total net assets
The funds of the charity
Unrestricted funds
Restricted funds
Total charity funds
13		 £
£
-
716,642
832,730
1,549,372
(209,690)
1,339,682
1,339,682
(5,084)
1,334,598
1,237,559
97,039
1,334,598
2022		 £
£
-
716,642
832,730
1,549,372
(209,690)
1,339,682
1,339,682
(5,084)
1,334,598
1,237,559
97,039
1,334,598
2022		 £
£
1
469,232
695,246
1,164,478
(125,587)
1,038,891
1,038,892
(25,137)
1,013,755
928,734
85,021
1,013,755
2021		 £
£
1
469,232
695,246
1,164,478
(125,587)
1,038,891
1,038,892
(25,137)
1,013,755
928,734
85,021
1,013,755
2021
1,549,372
(209,690)		 1,164,478
(125,587)
1,339,682
(5,084)		 1,038,892
(25,137)
1,334,598 1,013,755
1,237,559
97,039		 928,734
85,021
1,334,598 1,013,755

The financial statements were approved by the Board of Trustees on 26 January 2023 and were signed on its behalf by:

L Stukalov-Stone - Chair

Company Number: 05093370

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NORTH KENT MIND

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

2022
Notes
£
Cash flows from operating activities:
Net cash generated by operating activities
A
137,384
Cash flows from investing activities:
Interest received
100
Change in cash and cash equivalents in the year
137,484
Cash and cash equivalents at the beginning of the year
695,246
Cash and cash equivalents at the end of the year
832,730
Represented by:
Cash at bank and in hand
832,730
A. Reconciliation of net income to net cash flow from operating activities
Net income for the year
320,843
As per the Statement of Financial Activities
Adjustments for:
(Increase) / decrease in debtors
(247,410)
Increase in creditors
64,050
Interest receivable
(100)
Disposal of subsidiary
1
(183,459)
Net cash provided by operating activities
137,384		 2022
£
137,384
100		 2021
£
478,565
128
137,484 478,693
695,246 216,553
832,730 695,246
832,730 695,246
386,037
54,662
37,994
(128)
-
(183,459) 92,528
137,384 478,565

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NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

1.1 General information

North Kent Mind is a charitable company limited by guarantee and incorporated in England and Wales (charity number 1103790, registered company number 05093370). In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is The Almshouses, 6-22 West Hill, Dartford, Kent, DA1 2EP.

North Kent Mind meets the definition of a public benefit entity under FRS 102 and its principal activity is to promote the preservation of mental health and to assist in the recovery of persons suffering from a mental disorder or conditions of emotional or mental distress.

1.2 Basis of preparation

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

There are no material uncertainties about the charity's ability to continue, and so the going concern basis of accounting has been adopted.

The financial statements are prepared in pounds sterling, which is the functional currency of the Charity, and rounded to the nearest £1.

1.3 Income

Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal offer is made in writing, unless the grant contains terms and conditions outside of the charity's control which must be met before the charity is entitled to the funds.

Income from charitable activities is recognised to the extent that the charity has provided contracted services.

Investment income is recognised when receivable.

No amounts are included in the financial statements for services donated by volunteers.

16

NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies (continued)

1.4 Expenditure

Liabilities, and related expenditure, are recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be measured or estimated reliably.

All expenditure is accounted for on an accruals basis and has been classified under expense categories that aggregate costs for allocation to an activity. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Support costs are those incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters.

Support costs have been allocated to each fund type based on the proportion of direct costs incurred in the year of review.

1.5 Investment in subsidiary

Investments in subsidiaries are initially measured at cost, and subsequently measured at cost less any impairment losses. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operational policies of the entity so as to obtain benefits from its activities.

1.6 Financial Instruments

The charity only has financial instruments which are classified as basic financial instruments. The charity's basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.7 Pension contributions

The charity is part of a multi-employer defined benefit pension scheme, which is operated by The Pension Trust. It is not possible in the normal course of events to identify separately the assets and liabilities of participating employers on a consistent and reasonable basis. Consequently the plan is accounted for as a defined contribution plan. Where the plan is in deficit and where the charity has agreed, with the plan, to participate in a deficit funding arrangement the charity recognises a liability for this obligation. The amount recognised is the net present value of the contributions payable under the agreement that relates to the deficit. This amount is expensed in surplus or deficit. The unwinding of the discount is recognised as a finance cost.

1.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.

Designated funds are unrestricted funds designated by the trustees for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors which have been raised by the company for particular purposes. The cost 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.

17

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

NORTH KENT MIND

1 Accounting policies (continued)

1.9 Operating leases

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.10 Judgements and key sources of estimation uncertainty

North Kent Mind has a multi-employer defined benefit pension scheme which is accounted for as a defined contribution scheme. Details of the scheme and the reasons for the accounting treatment are given in note 15. The charitable company recognises a liability for pension deficit funding at its net present value. The discount rate used is a key source of estimation uncertainty and the charitable company has adopted the rate advised by the scheme provider as set out in note 15.

1.11 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated realisable value of each asset over its expected useful life, as follows:

Motor vehicles 4 years straight line Equipment 4 years straight line

Fixed assets with an individual cost of less than £1,000 are written off in the year of purchase.

Donations and legacies
Grants and Donations
Legacies
Supporting Emotional Wellbeing During Covid grant
Coronarivus Job Retention Scheme
The comparative figure includes £80,000 of restricted income.
Investment income
Bank interest receivable		 2022
£
103,235
35,000
-
-
138,235
2022
£
100		 2021
£
39,095
-
80,000
24,744
143,839
2021
£
128

2 Donations and legacies

3

The comparative figure includes £Nil of restricted income.

18

NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4 Incoming resources from charitable activities

Housing Services
Well-being Service
Fee Paying Services
Employment Services
NHS Psychological Therapies
Trainees
Children and Young Persons		 2022
£
317,216
225,532
45,580
374,798
1,076,095
324,853
338,495		 2021
£
329,267
162,988
32,936
335,260
1,115,877
240,637
90,569
2,702,569 2,307,534

The total comparative figure includes £250,723 of restricted income.

5 Expenditure on charitable activities

Summary by fund type
Housing Services
Well-being Service
Fee Paying Services
Employment Services
NHS Psychological Therapies
Trainees
Children and Young Persons		 2022
Direct
£
198,899
172,766
33,899
298,668
778,660
255,409
138,333		 2022
Support
£
68,175
59,217
11,619
102,371
266,893
87,544
47,415		 2022
Total
£
267,074
231,983
45,518
401,039
1,045,553
342,953
185,748		 2021
Total
£
231,326
127,626
67,895
339,500
971,369
243,909
82,945
1,876,634 643,234 2,519,868 2,064,570

The total comparative figure includes £298,439 of expenditure from restricted funds.

Direct costs
Computer costs
Volunteers
Rent
Repairs and maintenance
Telephone
Other office costs
Travel costs
Training
Therapist costs
Wages and Salaries
Bad debt expense		 2022
£
45,810
279
19,442
16,889
1,297
22,072
9,524
-
115,864
1,642,219
3,238		 2021
£
20,395
17
21,759
20,440
6,665
76,551
6,678
5,036
148,299
1,270,921
-
1,876,634 1,576,760

19

NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5 Expenditure on charitable activities - continued

Support costs
Rent
Light and heat
Repairs and maintenance
Small items of office equipment
Insurance
Legal and professional
Telephone
Printing, postage and stationery
Computer costs
Other office costs
Training
Travel costs
Recruitment
Wages and salaries
Bad debts
Auditor's remuneration
Auditor's remuneration for accountancy services
6
Staff costs
Wages and salaries
Social security costs
Pension costs
The average number of employees during the year is as follows:
Housing Services
Wellbeing
Fee Paying Services
Employment Services
IAPT
Central Management
Children and Young Persons		 2022
£
63,220
16,997
5,196
25,638
14,145
13,561
39,242
19,697
18,885
41,697
11,213
42
9,983
353,659
-
3,550
6,509		 2021
£
52,839
9,762
14,041
17,710
6,158
4,699
24,503
15,443
11,471
29,798
6,876
993
2,180
284,045
572
3,400
3,320
643,234 487,810
2022
£
1,831,702
144,853
19,323		 2021
£
1,405,952
109,738
39,275
1,995,878 1,554,965
12
8
1
12
36
18
8		 8
8
2
10
29
16
4
95 77

No member of staff earned over £60,000 in the year or the previous year. None of the Trustees received any remuneration or benefits in kind in the year (2021: £Nil). No Trustees were reimbursed for personal expenses during the year (2021: £Nil).

20

NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7
Interest and finance costs payable
Pension scheme interest expense
8
Net income
This is stated after charging:
Auditor's remuneration for audit services
Auditor's remuneration for accountancy services
Pension costs
Note 6
Operating lease rentals
9
Fixed asset investments
Investment in Made in Kent Limited
10
Debtors
Fees for services
Prepayments and accrued income
11
Creditors: amounts falling due within one year
Amounts due to suppliers
Other creditors
Deferred income
Multi-employer pension scheme deficit contribututions
(Note 15)
Deferred income included above:
Incoming resources deferred in the previous period
Released to the Statement of Financial Activities
Incoming resources deferred in the current period
Carried forward
12
Creditors: amounts falling due after more than one year
Multi-employer pension scheme deficit contributions
(Note 15)
Made in Kent Limited was dissolved in July 2021. North Kent Mind held 100%
All deferred income relates to contract income received in advance.		 2022
£
193		 2021
£
894
2022
£
3,550
6,509
19,323
40,108		 2021
£
3,400
3,320
39,275
51,160
2022
£
-		 2021
£
1
716,642 469,232
2022
£
65,495
40,814
100,586
2,795		 2021
£
28,870
54,552
33,723
8,442
209,690 125,587
2022
£
33,723
( 33,723)
100,586		 2021
£
-
-
33,723
100,586 33,723
2022
£
5,084		 2021
£
25,137

21

NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13 Movement in funds

Unrestricted funds
General fund
Designated funds
WB Service Activity Fund
Options Group Funds
WB Activity Fund
Supportline
Housing Sink Fund
Fee Paying Hardship Fund
Restricted funds:
Ecology Island Project
NW Kent Carers
The Shed Project
Aspirations
Friendship Group Grant
Donations for Housing
EFL "On Your Side" Grant
Fee Paying Hardship Fund
LWK Young People Fund
Practise Hope Project
Men's Suicide Prevention Group
IAPT Interpreters
Let's Stay in Touch Project
MIND Resilience Programme
KCC Strategic
Covid Control Infections Funds Housing
Digital transformation
Discharge project
Kent Minds Connector Fund
Kickstart employment support
Total funds		 1 April 2021
£
879,846
-
1,274
1,033
34,581
12,000
-		 Incoming
resources
£
2,568,381
-
133
-
10,193
-
2,000		 Resources
expended
£
(2,235,981)
-
-
(907)
(41,133)
(11,181)
(313)		 Transfers
£
10,093
1,533
(1,407)
(126)
(3,641)
11,181
-		 31 March
2022
£
1,222,339
1,533
-
-
-
12,000
1,687
928,734 2,580,707 (2,289,515) 17,633 1,237,559
6,783
1,896
1,251
24,433
6,958
466
1,000
328
3,120
17,633
4,102
5,250
3,003
8,798
-
-
-
-
-
-		 1,690
-
-
182,234
-
2
-
-
-
-
3,732
-
510
977
5,650
8,528
3,000
25,922
1,379
26,573		 (1,946)
(552)
(1,251)
(172,447)
(469)
-
(1,000)
(328)
-
-
(409)
(5,250)
(696)
(987)
(5,650)
(6,906)
(1,650)
(4,432)
-
(26,573)		 -
-
-
-
-
-
-
-
-
(17,633)
-
-
-
-
-
-
-
-
-
-		 6,527
1,344
-
34,220
6,489
468
-
-
3,120
-
7,425
-
2,817
8,788
-
1,622
1,350
21,490
1,379
-
85,021 260,197 (230,546) (17,633) 97,039
1,013,755 2,840,904 (2,520,061) - 1,334,598

22

NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13 Movement in funds (continued)

Unrestricted funds
Designated funds
Options Group Funds
WB Activity Fund
Supportline
Housing Sink Fund
Restricted funds:
Ecology Island Project
NW Kent Carers
The Shed Project
Aspirations
Friendship Group Grant
Donations for Housing
EFL "On Your Side" Grant
Fee Paying Hardship Fund
JM Fundraising Money
LWK Young People Fund
Options Fund
Practise Hope Project
Men's Suicide Prevention Group
IAPT Interpreters
Let's Stay in Touch Project
Supportline
MIND Resilience Programme
The National Lottery Community Fund -
Coronavirus Community Support
Coronavirus Mental Health Response
Fund
DCMS Loneliness Covid-19 Fund Grant
Total funds		 1 April 2020
£
573,707
-
-
-
-		 Incoming
resources
£
2,107,745
-
1,033
-
12,000		 Resources
expended
£
(1,767,025)
-
-
-
-		 Transfers
£
(34,581)
1,274
-
34,581
-		 31 March
2021
£
879,846
1,274
1,033
34,581
12,000
573,707 2,120,778 (1,767,025) 1,274 928,734
2,426
2,631
1,251
-
2,869
291
1,000
500
658
3,120
1,274
36,109
1,882
-
-
-
-
-
-
-		 5,540
-
-
163,212
4,500
250
-
-
-
-
-
-
3,013
5,250
3,003
20,006
8,798
80,000
19,932
17,219		 (1,183)
(735)
-
(138,779)
(411)
(75)
-
(172)
(658)
-
-
(18,476)
(793)
-
-
(20,006)
-
(80,000)
(19,932)
(17,219)		 -
-
-
-
-
-
-
-
-
-
(1,274)
-
-
-
-
-
-
-
-
-		 6,783
1,896
1,251
24,433
6,958
466
1,000
328
-
3,120
-
17,633
4,102
5,250
3,003
-
8,798
-
-
-
54,011 330,723 (298,439) (1,274) 85,021
627,718 2,451,501 (2,065,464) - 1,013,755

Designated funds

Options Group Fund - Options involves the planning and organisation of various social events and trips. Service users within Community Services identify places they may wish to visit or events to organize and then the organisation supports them to achieve it. The fund has previously been disclosed as a restricted fund, however following review of the resources received, it was found that the criteria for restricting the resources are not met. Therefore a transfer of the balance has been made this year to treat the balance as an unrestricted designated fund.

WB Activity Fund - This fund is comprised of contributions from service users for specific activities organised by the Charity. The timing of when the resources will be utilised is dependent on the activities organised by the Charity.

23

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

NORTH KENT MIND

13 Movement in funds (continued)

Supportline - Following the success of the work of Supportline this year, funds have been set aside from the unrestricted fund to ensure that the project can be undertaken in the coming year.

Housing Sink Fund - Funds have been set aside to allow for future maintenance and repairs of the Housing properties. The funds will be utilised as necessity requires.

Fee paying hardship fund - The Board have set aside £2,000 to provide support for users of fee paying services in difficult circumstances.

Restricted funds

Ecology Island Project - Ecology Island is a nature-based intervention, which takes place weekly across 8 sessions in a woodland area of Central Park, Dartford. The participants take part in a range of nature-based activities which allow them to learn new skills in a supported environment, outdoors in nature. Examples include bushcraft, campfire cooking, scrub clearance, wildlife ID, litter picking, bird and bat box building, wildflower planting and more.

NW Kent Carers - this fund is for those who are carers who require support with mental health and wellbeing, this support often takes the form of low cost counselling.

Shed Project - In Gravesend we have an allotment that provides a welcoming environment where people can come together to promote personal wellbeing and belonging. This is part of a wider movement called “Sheds Kent and Medway” where people jointly share activities.

Aspirations - Aspirations provides one to one support, based around a person’s individual goals, for those who want to make a change. Whether you want to improve your wellbeing, find opportunities to engage with your local community like volunteering or local groups, or if you want to move into employment. This is a project for anyone who is unemployed, living with a mental health condition and is between the ages of 25-65. The Aspirations Project is being funded by the European Social Fund and The National Lottery Community Fund.

Friendship Group Grant - The Friendship Group provides support for individuals with mental health issues the opportunity to socialise, relax and participate in therapeutic activities, such as arts and crafts. The sessions are held on Saturdays and are run in a friendly and welcoming environment.

Donations for Housing – This was a donation requested to be used by the housing department for Housing Tenant events or functions.

EFL "On Your Side" Grant - a partnership between the English Football League to deliver services in Gillingham football clubs.

Fee Paying Hardship Fund – This was a donation received, restricted for the purposes of helping those accessing the fee paying services. The funds are to be used to support those who do not have the financial means or are not in a position to pay for the therapy that they require.

JM Fundraising Money – This was a donation received from a member of staff who held a fundraiser. This was fully utilised in the year

LWK Young People Fund - This is a project for 17-25 year olds in DGS to help improve overall wellbeing. We have been working with SupaJam to provide 1-1 coaching sessions and supporting, including signposting and sharing of resources for various mental health needs.

Practise Hope Project - This is a pilot project funded by Health Education England. In this, we are working with a number of GP Practices in North Kent, helping them improve their response to people aged 10-25 who are selfharming, or having thoughts of suicide. The residual balance of this fund was released to the general fund. The project was completed in prior years, and further review of the original service level agreement determined that any underspend on the project can be released.

24

NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13 Movement in funds (continued)

Men's Suicide Prevention Group - Funding for this group was from member of staff who did fundraising, this group is open to individuals who have previously suffered or currently suffering from a Mental Health Issue.

IAPT Interpreters - Funding was received for the primary purpose of providing interpretation services for those who require it as part of the IAPT programme.

Let's Stay in Touch Project - A project to provide residents of the supported living accommodation with access to internet and other telecommunications support. Funding was provided by the Hyde Foundation.

Supportline - This project was started as a result of funding received as a result of the Covid-19 pandemic. A proactive telephone line was set up to provide support for those in need.

MIND Resilience Programme - Funding was received to provide Social Media Resilience Coaching to those in need.

The National Lottery Community Fund - Coronavirus Community Support - Funding was received to support emotional wellbeing during the Covid-19 pandemic.

Coronavirus Mental Health Response Fund - Funding was received to provide increased mental health support during the Covid-19 pandemic.

DCMS Loneliness Covid-19 Fund Grant - Funding was received to support work reaching out to individuals at high risk of experiencing loneliness.

KCC Strategic Fund - A project funded to improve organisational sustainability after the pandemic which enabled the training of all NKM staff and volunteers in the use of Microsoft 365 software.

Covid Control Infections Funds Housing - Funding was received via Porchlight to be utilised for any additional costs incurred during the administration of the support living houses during the Covid pandemic.

Digital Transformation Fund - A project funded by national Mind to enable a consultation and development of the organisation's Customer Management Relations software system. Funding the introduction of Lamplight for Central Services.

Discharge Project - Funding received from a project lead by East Kent Mind to commission us to support individuals who are being discharged from statutory mental health services to be linked into and receive local support appropriate to their needs.

Kent Minds Connector Fund - Funding from national Mind to support local Minds to work more collaboratively. Allowing and encouraging NKM to work with Minds across Kent to compile and identify joint bids and joint pieces of work.

14 Analysis of net assets between funds

Current year
Fixed assets
Current assets
Creditors: due within one year
Creditors: due in more than one year
Total net assets		 2022
£
-
1,452,333
(209,690)
(5,084)
Unrestricted
funds		 Restricted
funds
2022
£
-
97,039
-
-		 Total funds
2022
£
-
1,549,372
(209,690)
(5,084)		 Total funds
2021
£
1
1,164,478
(125,587)
(25,137)
1,237,559 97,039 1,334,598 1,013,755

25

NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

14 Analysis of net assets between funds (continued)

Prior year
Fixed assets
Current assets
Creditors: due within one year
Creditors: due in more than one year
Total net assets		 2021
£
1
1,079,457
(125,587)
(25,137)
Unrestricted
funds		 Restricted
funds
2021
£
-
85,021
-
-		 Total funds
2021
£
1
1,164,478
(125,587)
(25,137)		 Total funds
2020
£
1
740,447
(81,193)
(31,537)
928,734 85,021 1,013,755 627,718

15 Pension commitments

The Charity participates in 'The Growth Plan' pension scheme, operated by The Pensions Trust, which is a multiemployer scheme which provides benefits to some 1,300 non-associated participating employers. The scheme is a defined benefit scheme in the UK.

It is not possible for the Charity to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore, it accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore the Society is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out with an effective date of 30 September 2017. This actuarial valuation showed assets of £795m, liabilities of £926m and a deficit of £132m. To eliminate this funding shortfall, the Trustees and the participating employers have agreed that additional contributions will be paid, in combination from all employers, to the scheme as follows:

Deficit contributions:

From 1 April 2019 to 31 January 2025: £11.2m per annum (payable monthly and increasing by 3% each on 1st April)

Note that the scheme’s previous valuation was carried out with an effective date of 30 September 2014; this valuation showed assets of £793m, liabilities of £970m and a deficit of £177m. To eliminate this funding shortfall, the Trustees and the participating employers have agreed that additional contributions will be paid, in combination from all employers, to the scheme as follows:

From 1 April 2016 to 30 September 2025: £12.9m per annum (payable monthly and increasing by 3% each year on 1st April)

From 1 April 2016 to 30 September 2028: £54.5k per annum (payable monthly and increasing by 3% each year on 1st April)

Where the scheme is in deficit and where the charity has agreed to a deficit funding arrangement the charitable company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

26

NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

15 Pension commitments (continued)

Present values of provision
Due within one year
Due after one year
Total present value of provision
Reconciliation of opening and closing provision
Provision at start of period
Deficit contribution paid
Remeasurements - amendments to the contribution schedule
Provision at end of period
Income and expenditure impact
Interest expense
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Costs recognised in income and expenditure account
Assumptions
Rate of discount
Unwinding of the discount factor (interest expense)
Remeasurements - impact of any change in assumptions		 2022
£
2,795
5,084		 2021
£
8,442
25,137
7,879 33,579
2022
£
194
(181)
(17,215)		 £
33,579
194
(8,498)
(181)
(17,215)
7,879
2021
£
894
1,148
-
(17,202) 2,042
2022
£
2.35		 2021
£
0.66

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

16 Related party transactions

The charity's key management personnel are the Trustees, the Chief Executive and the Deputy Chief Executive. Total emoluments, excluding employer's pension contributions, paid to key management personnel were £129,356 (2021: £122,650).

17 Control

The charitable company is controlled by the Trustees and there is no one ultimate controlling party.

27

NORTH KENT MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18 Operating lease commitments

The charity is committed to future minimum lease payments under non-cancellable operating leases as follows:

Land and buildings:
Due within one year
Due in two to five years		 2022
£
39,410
28,927		 2021
£
42,660
-
68,337 42,660

28