Reglstered number: 05093370 Charity number: 1103790 NORTH KENT MIND (A company Ilmlted by guarantee) TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Lindeyer Frdncls Feryuson Llmlted Chartered Accountants & Statutory Auditors 198 High Street Tonbridge Kent TN9 1BE
NORTH KENT MIND CONTENTS Pago Reference and admlnlstrativo details of the charlty, its Trustoe8, and advlsors Trustse8' report and Slatement of Tru8tee8' rnspon8lbllltles Independent Audltors report statement of Flnanclal Actlvltlas 13 Balance Sheet 14 statement of Ca8h Flows 15 Notes to tho Flnan¢lal Statements 16
NORTH KENT MIND REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 MARCH 2024 Tru8t••s Lyndsey Stukalov-Ston8 (Chalr) Donald MacLeod (Treasurer) Alex Stukalov-stone Andrew Upstlll Sarah Gow Eleanor Collins Phil Vickery Marla Burke Jessica Hamill Fatal Matilukurtrorlanuga Resign8d 15 February 2024 Resigned 22 May 2024 Resigned 22 February 2024 Appointed 13 Jun8 2024 Appointed 13 June 2024 Cornpany reglsternd number 05093370 Charlty regl8tered number 1103790 Reglstsred office The Almshouses 6-22 West Hill Dartford Kent DA12EP Chlef Ex•cutlve Officer Richard Glles 8usln•88 Manager and Company sacretsry Gemma Maxted Audltors Lindeyer Francls Ferguson Limited Chartered Accountants North House 198 High Street Tonbridge Kent TN9 1BE Banker8 CAF Bank 25 Kings Hill Avenue West Malling, Kent ME19 4JQ HSBC Bank PLC Kings Hill 38 High Street Dartford, Kent DA1 1DG
NORTH KENT MIND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees (who 8r8 8180 dlrectors of the charlty for the purposes of the Companles Act) present their annual report together with the audited financial statements of North K8nt Mind (th8 company) for the year ended 31 March 2024. The Trustees confirm that the annual report and financial ststements of the charitable company comply with the current statutory requirements, the requirements of the company's goveming document and the provisions of "Accounting and Reporting by Charltles.. Statement of Recommended Practice applicabl8 to charit185 preparing their accounts in accordance wlth the Financial Reporting Standard applicable in th8 UK and Republic of Ireland (FRS 102). (effective 1 January 2019) (Charities SORP (FRS 102)). STRUCTURE. GOVERNANCE AND MANAGEMENT North Kent Mlnd's governing docum8nts are its Memorandum and Articles of Association. and ts onstItUtn. Method of appointment or olo¢tlon of Trustees The management of the company is the responslbllity of the Tnjstees 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 tssk it needs to accomplish, and thls helps id8ntify when new Trustees should be recru5ted. The Charlty Commisslon stress that if a trustee has served for more than nine years, their reappointrnent is: Subject to a partlcularly rfgorous revlew and tskes into account the need for progre55ive refreshing of the board. and. exp18ined in the trustees, annu81 r8POrt. Two of our current trustees, Andr8w Upstill and Lyndsey Stukalov-stone. (our current chalr) have served mor8 than g y8ars. The Board has consid8r8d their position, and noting that they comprise only 2 out of 8 Trustees. that there is a rolling programme of trustees having to stand for reryelection, that new members hav8 continued to join the Board throughout their tenure. and that they provide a unlque and stable contribution to the work of an organisation that has experienced rapid change, considers their continued involvement to be clearly beneficial. Policlos adopted for the Inductlon and tralnlng of Trust•• Processes and policles for inducting and Iraining Trustees bvere reviewed and renewed in October 2023 In response to the Mind Quality Mark proc8ss and following discussion at the Board Awayday in August that year. The organisation retsined its stance that the &day North Kent Mlnd Tralning remalns mandatory for all staff and volunteers. including Trustees. Organisational Structure and declslon maklng The overall management of th8 charity is in th8 hands of the Trustees who mèet gvery other month and there are two sub-commlttees: Finance & Personnel. and Investment. The latter was created in 2023 to work productively with the substantial amount of res8r@S that have been acqulred. The Board delegates the day- to-day running of th8 organisation to the Chief Executive Officer. Other $8nior members of staff compris8. the Central S8NiC8s Manager who is responsible for the adrninistratlve staff, the Flnance Man8ger and the managers of th8 key service elements: during the year in question these elements comprised Supported Housing, Counselling and Therapy Services, T81king Therapies on the NHS, W8llb8ing SeNic8S, Employment Services and the Chlldren and Young Persons Service. The S8nior Managem8nt Team seNes as a decision-m8king body on operational issu88.
NORTH KENT MIND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued) Risk management The Trust88s hav8 ass8ssed the major rlsks to which the company Trs exposed, in particular those related to the operations and finances of the company and are satisfied that systems and procedur8s are in place to mitigate exposure to th8 major risks. Thls exercise was last completed at the Board 'away day, on 14th October 2024. They hav8 reviewed the need for an internal audit, and judged this 18 not necessary In the year to which Ihese accounts relate. The format for ass8sslng organisational risk was reviewed and updat8d in October 2023 as part of the Mlnd Quality Mark process. Networks and Partnor8hlp8 Th8 org8nlsatfon Is 8ffillated to Natlon81 Mind, and this has been codlfled In a Mlnd Federation Agreement dated March 2021 and will 18St until 2027 at the mlnimum. This defines the relatlonshlp between National Mind and local Minds, as well as the relationshlp the over 100 Local Mind Assoclatlons have wlth each Other. This affiliation brings wlth It the advantsges of a known and valued brand name. cooperative mutual help across the network, access to financially advantageous Insuranc8 and Human Resources expertise. and regular qualty audlts. The 5 Local Mlnd Assoclatlons who have an Interest in Kent and Medw8y.' Norih Kent Mind, West Kent Mind. Mld Kent Mind, South Kent Mind and East Kent Mind (managed by Mlnd In Bexley) now meet regularly and as °Mind in Kent and Medwaf. These Associations cover the whole of this area, and with an agreed Memorandum of Understanding now stand ready to jointly run projects that straddle several areas. There are currently a number of costed proposals which, if successful. envisage these 5 organlsations working in tsndem on speclfic new projects. North Kenl Mind remalns one of the partn8rs within the Kent Refemet system. whlch Includes KCC and range of other local organisations, promoting prompt cross-r8f8rral. North Kent Mlnd functlons as a delivery partner for the charity Porchlight on several fronts. Durfng the year in question this involved dellverlng: • Wellb8ing s8Nices in Dartford, Gravesham and Swanley (KCC Funding) Employment Services in Dartford, Gravesham and Swan18y (KCC Funding) . Supported Housing in D8rtford. Gravesham and Swanley (KCC Funding) The Crisis Peer Altemative Seprfice (CPAS: NHS Funding) North Kent Mind continued to run IAPT senilces (now renamed as NHS Talking Therapy Services) in Medway. in partnership with Insight H881thcare (now renamed as Everyturn Lead) and to work coll8bor8tively with all the other Providers of IAPT Seprfic8s in Kent and Medway, these being: Everytum. W8 A With You, University Medic81 Centre Canterbury, Faversham Counselllng Servlce, Dover Couns811ing Centre, IESO and Vlta Healthcare. The end of this contract in March 2024 led to a significant reductlon in the size of the organisation and resulted in a restructure of Central Seprfices for April 2024. We also work in partnershlp with Gravesham Councll to deliver Mental Health S8Nices to rough sleepers and hostel residents in the Borough. Funding from National Mind has allowed us to continue workfjng in 8 partnership in M8dway with Citizen's Advice and the Truss81 Trust. Sinc8 early 2022, our Deputy CEO became the Chair of the Voluntary Sector Alliance for th8 Dartford. Gravesham and Swanley ar8a. Within this role, North K8nt Mind has therefore been at the forefront of an extensive voluntary network in that area. coordlnating joint meetings and events. and has formed a strong partnership with CVS NVVK.
NORTH KENT MIND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued) Constitutlon The organisation operates on a constitutlon approved by National Mind. OBJECTIVES AND ACTIVITIES Pollcl88 and objectlves The objects for whlch th8 charity is estsbli5hed ara, within th8 communities of Dartford, Gravesham, Swan18y and M8dway,' and acropA Kent In collatmjration with olher Mlnd organisation8.' a) to promote the preservation of mental h&alth and to assist in relvIng and rehabilitating persons suffering from mental disorder or conditions of emotlonal or mental stress requiring advice or treatrnent., and b) to promote the Study of and r8se8rch into mental heatth disorder and 8motional or m8nt81 distress and to obtsin and make records of and disseminate to the public the useful results of such research and to 8ducate the public in matters relating to mental health. The organisation espous88 the values of indlvldualism, empowement and recovery in mental health work. Publlc benefft statement In setting North Kent Mind's objectives end plannlng its activities the Trustees have considered th8 Charity Commission's general guidance on public benefit as required in section 17 of the Charities Act 2011 and. In particular, its supplementsry public b8n8fit guidance on fee charging. ACHIEVEMENTS AND PERFORMANCE Rovlow of actlvltl•8 Throughout the year 2023-2024, North Kent Mind contlnued to run Its range of servlces. Following th8 experiences of the previous couple of years. th8 organisation approved hybrid (in person and remote) dellvery of some of Its servlces where appropriate but increased and emphasised in person approache5. Wellbelng Servlce5: These are delivered under the auspices of Porchlight and the Shaw Trust, the Strategic Partners chosen by Kent County Council and Medway Council as part of the 'Llve Well Kent and medWa service. The agreed portfolio in Dartford. Gravesham and Swanley and Me(hvay consisted of: Social Skills Sessions Recovery and Activity Sessions Coping with Life Courses Mlndfulness Course P8er Support Groups We achieved all the targ8ts of our contract and note that Porchlight remain highly confident In our abllty to deliver these at a high level of qualty and volume. Employment Servlces: These were recommlssk)ned. wlth substantial changes in delivery, for 5 years from April 2023. Indfvldual Placement Support a new service. funded through the Llve Well Kent and Medway initiattve, in D8rtford. Gravesham and Swanley. Money GUIdan Services - a new seplice, funded through the Llve Well Kent and Medway initiatlV8, in Dartford, Gravesham, Sw8nl8y. and Medway.
NORTH KENT MIND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 (contlnued) Employment Services also comprls8d: Employment Advisor In the Medway Talking Therapies Service. Expansion vi8 Employment Advlsors in the DGS Talking Therapies Service. Expanslon vla creation of 8 Senlor Employment Advlsor covering Medway and DGS Talklng Therapies Servlces. Fo• Paying Servlces becamo Counselllng and Therapy Sorvlces: These provided: o Individual Counselllng Group Therapy Anger Management Courses. Supported Houslng: We contlnued our pollcy of enguring any n8W tenancies arising ar818t only on 8 short term 2-year basis, to enable our seNlce to vmrk with more p8opl8 in need. Short-t8rm tenancies now outnumber long-tèrm tenancles. and thls ratlo will continue to move In favour of short-term tenancles. This department contlnued to provide Support Workers to the hostel run by Gravesham Borough Council. through our Involvement with the Rough Sleepers, Initiative. NHS Talklng Theraples. Ifomially IAPT Sorvices - Improvlng Access to Psychologlcal Thernpies) In 2023-2024 we continued to deliver these services in Dartford, Gravesham and Sw8nl8y and in Medway. our service being available in-person as well as via telephone or on-line platft)rm, for individuals or groups. The popularity of our s8rvice meant that demand was outstripping capacity, and we ne8d8d to put measures In Pla to bring down the numbers of people on the waiting Ilst, mainly by referring on to other provid8rs. The seplice was reprocured to a new provider and the contract ended at the end of the fiscal year. Stsff were TUPE'd and left for atternatlve employment. IAPT Services suffered a £162,403 deficit for th8 year AS we gradually decr8as8d capacity and staff mlgrated. Hence closure of the IAPT SeNice was responslble for the charity's deficit for the year. Chlldren and Young Persons This department continued to experience expansion, indicating that it is clearly responding to a need. In comparison to other departments wlthln North Kent Mind, this service in particular is open to a number of funding streams, including Ihe education departments of KCC, and Medway Council, th8 indlvldual schools themselves, national Mind (Schools and Colleges Extra Support Service) and pot8ntially a number of other regional or national fundgrs. Smaller Projects North Kent Mind also ran a number of other initiatiV8S Within th8 financial year, financed elther through its own resources, or by various fundlng streams. Among these weTe: o Friendship Group. Funded by Dartford Council, Ihis is an online Saturday p88r supportlsoclal group. Ecology Island. An award-winnlng ecological activlty group based in Darenth Country Park and the Pronade in Gravesend. Men's Group - Funded by North Kent Mlnd supporting emotlonal dialogue and resilience for men.
NORTH KENT MIND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued) Tralnoo Placements Wrthln thls year we continued to provide placements to Student Social Workers and Traln88 Couns8llors. In addition. we took on full-time trainee Psychological Wellbeing Practitioners and full time trainee High Intensty CBT therapists, as part of our NHS TalkSng Therapies (formally IAPT) work. FINANCIAL REVIEW The charitable company's incoming resources for the year ended 31 March 2024 totalled £3.172,061 {202> £3.228.735). Resources expended totalled £3,227,346 {2023: £3,214,859), resulting in a total net deficit of £55.285 (2023.. net surplus of £13,876). At the year end, a pension liability arising from obligations to a multi•8mploy8r defined benefit pension scheme has been recognised at a figure of £2,346 (2023.. £5,023). Reserves pollcy Th8 Trustees are very conscious of the need to act prudently wlth th8 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 plann8d activities to be Ilnanced. Wlth significant amounts of money belng Invoiced to the NHS on a monthly basis. there was also a need to hold r8S8Nes sufficient to cover any cash-flow issues when payments from this source, or 81s8where. are d8lay8d. The Trust88s ar8 also aware of the need to meet all contractual obligations if, for any reason. the charity had to cease 8Ctivity and hold that th8 complex r8sponsibiliti8S th8 organisation undertakes must be supported by an adequate level of reserves. The trustees have a policy of reIewing the levels of reserves each year. Sinc8 th8 prevlous yeavs revlew, the Charty expanded in both workload and personnel. The trustees were of the opinion that the Charfty should retain free unrestricted res8r¥8S to cover 3 months of ongoing expens8s and also have sufficient funds to cover any closure costs should they arise. As at the year ended 31 M8rch 2024, the figure in free unrestricted re5eNes (that is unr8Strict8d r8serv8S represented by net current a5sets} was £1,115,759 (2023: £1,195.498) A rUre of £77,926 (2023: £53,616) is in restrictsd reserves 8nd therefore is not avai18ble for general purposes of the charity at the y8ar 8nd. Principal Fundlng The charlty generally remains dependent on funding from statutory sources, but these show a diversty of funding streams. However, forecasts for the year 2024 - 2025 show a radically different weighting to previous years, due to the news that the reprocurement exerclse for the NHS Talking Therapies resulted in all lots in Kent and Medway being given to the private company of Vita Health Care, to th8 d8trim8nt of the previous charitles. including North Kent Mind. Our organI5ation therefore had to readjust to a loss of approximately 50% of it5 income. Because of this. foreca5t5 for 2024-2025 show income from rents and Enhanced Houslng Management as bringlng In 30.4% of Income. Live Well Kent and Medway 19.5% various CYP incom8 15.32%. Client Contributions to the Counselling Therapy Service 13.80h. Medway Council 11.9%, Gravesham Borough Council 6.4%.
NORTH KENT MIND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 (contlnued) PLANS FOR THE FUTURE Future developments Given the loss of fundlng from the NHS. North Kent Mind's Senlor Leadership Team and Trustees Imp18mented several changes to ensure the regrowth of the organlsation. Thes8 Include.. A restructuring of the organisation wlth some redund8ncies and some retlrements. An expansion of Counselling and Therapy seNlces to include a hSgher level of client contributlons. Continued expansion of the CYP seNice to capitalise on funding availablè. Man8ged expansion of the Supported Houslng Service to take on 8 new unlts mad8 avallable by other providers closlng. Cr8ation of e new Servlce Development Team. Development of the organisations extemal Tralnlng Service. Further Investigation and appropriate applICaOn to any approprlate new funding opportunitles. At the same time, the org8nis8tion is looklng to purchase the Almshouses in Dartford, which It has rented for the last 30+ y8ars. The purchase of the Almshouses Is to be financed by a bank loan, and North Kent Mind's free unrestricted reserv8s should not be advensely affected by th8 PLtrchase. AUDrroRS The auditors. Lindeyer Francis Fergu50n Limited. ar8 d88med to be reappointed urKler section 487(2) of the Companies Act 2006. TRUSTEES, RESPONSIBILITIES STATEMENT The Trust88s {who are the directors of North Kent Mlnd 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 Slandards (Unlted Klngdom Generally Accepted Accounting PractiC8). Company law requlres 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 Unit8d Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not 8pprove the financial st8t8ments unles5 they are satisfied that they give 8 true and fair vi8w of the state of affairs ol the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial ststements. the Trustees are required to.. selecl sultable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP., make judgements and 8Stimat88 that are reasonable and prudent" stat8 whether applicable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explalned In the financial stat8ments- and prepare the financial ststements on th8 going concern basis unless It is inapproprlate to presume that the charltable company wlll continue in operation. Th8 Trustees are responslble for keeplng adequate accountlng records that are sufficient to show and explain th8 charitable company's transactions and disclos8 With reasonable accuracy at any time the financial position of the charltsble company and enable them to ensure that the financial stat8ments comply with the Companies Act 2006. Th8y are also responsible for safeguardlng the assets of the charitsble company and hence for taking r8asonable steps for the prevention and detection of fraud and other IrregularitS.
NORTH KENT MIND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued) PROVISION OF INFORMATION TO AUDITORS Each of the persons who are Trustees at th8 time when this Trustees, report18 approved has confirmed that: so far as each Trustse is aware, there Is no relevant audit inforniation of which the charitable company's auditors ar8 unaware, and that each Trustee has tsken all the steps that ought to have been taken as a Twstee In order to be aware of any information needed by the charitsble company's auditors in connection with preparing thelr report and to establish thet the charltable comp8ny's auditors are aware of that inforniation. Thls report has been prepared In accordance with the provisions appllcable to small companles subject to the small companies. re9ime in Part 15 of the Companies Act 2006. This report y8 approvad by the Trust8es on 23..tkokn4...3•.. and signed on thelr behalf. by: L Stukalov-Stone- Chalr
NORTH KENT MIND INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NORTH KENT MIND FOR THE YEAR ENDED 31 MARCH 2024 Oplnlon We have 8udited the financial ststements of North Kent Mlnd (the 'char5table company,) for the year ended 31 March 2024 whlch comprlse the Statement of financial 8Ctivltles, the Balance sheet. the Statement of cash flows and the related notes. The financial reporting framework that has been 8pplied in thelr preparation is applicable law and Unlted Kingdom Accountlng Standards (United Kingdom Generally Accepled Accounting Practice). including th8 Fin8ncial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102). In our opinlon, the tlnanclal statements.. giv8 8 true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and applicatlon of resources for th8 year then 8nd8d: have been properly prepared in accordance with United Kingdom Generalty Accepted Accountlng Practice,, and. have be8n prepared In accord8nce with the requirements of the Companles Act 2006. Bas18 for oplnlon We conducted our audit in accordance wlth Intemation81 Standards on Auditing (UK) {ISA8 (UK)) and appllcable law. Our responsibilities under those stsndards ar8 further described in th8 Auditorfs responsibilities for th8 audit of the financial statements section of our report. We are independent of the charitabl8 company in accordanc8 with the ethical requirements that ar8 relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfi118d our other ethical responsibilitl8s in accordance with these requirements. We believe that the audit evidence we have obtained is suffici8nt and appropriat8 to provide a basis for our opinion. Concluslons relatlng to golng concem In auditlng the financlal statements, we have concluded that the twstees. use of the going concern basls of accounting in the preparation of th8 financial statements is 8ppropriat8. 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 th8 charitable company's ability tc continue as a going concem for a perbod of at least 12 months from when the financial stat8m8nts are authorised for issue. Our responsibilities and the responsibilitl8s of the trustees wlth respect to going concern are described in the relevant sections of this r8POrt. Emphasls of matter We draw attention to Note 1.2 of the financial ststements, whlch darIbeS the effects of the loss of the NHS Talking Therapies contract as of 31 March 2024. Our oplnlon Is not modlfled In respect of thls matter. Other inforniation The other information comprises the informatlon included in the annual report, other than the financial statements and our auditor's r8POrt 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 otherbvise explicitly stated in our report. W8 do not express any form of assurance conclusion thereon.
NORTH KENT MIND INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NORTH KENT MIND FOR THE YEAR ENDED 31 MARCH 2024 In connectlon wlth our audlt of the financial statements. our responsibility is to read the other infomiation and, in dolng so. consider wh8th8r the other informatlon Is materially Inconslstent wlth the financial statements or our knowledge obtained in the audlt or otherwise appears to be materially mi5ststed. If we Identify such materlal Inconsistenci8s or apparent materlal mlsststements. we are requlred to delermine whether there Is a material misstatement in the financlal statements or a material mlsststement of th8 Other information. If. based on the work we have perfomied. we conclude that there Is a mateiial misstatem8nt of this other Informatlon, we are r8quir8d to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companlos Act 2006 In our opinion, b888d on the work undertaken in the course of the £udit: the information given in the twstees, report. whlch 5ndudes the dlrectors, report prepared for th8 purposes of company law, for the financi81 year for which the financial statements are prepared Ss conslstent wlth the financial statements,. and the directors. report included within the trustees. report has been prepared In accordance wlth applicable legal requirements. Matters on whlch we are required lo report by exceptlon In the light of Ihe knowledge and understanding of the charitsble company and its envlronment obtained In the course of the audit. we have not identified material misstatements in th8 dir8Ctors' report included within the trustees, report We hav8 nothing to report in respect of the following matters in relation to which the Companles Act 2(X)6 r8quir88 US to r8POrt to you rf, in our opinion: adequate accounting records have not been kept, or retums adequate for our audit have not b88n rec8iV8d from branches nol vlslted by us., or the financial statements are not in agreement with the accounting records and returns: or certain dlsclosures of trustees. remuneration specified by law are not made: or we have not received all the Infomation and explanstions we require for our audit" or the trustees were not entitled to prepare the financial statements in accordance with the sm811 companies regim8 and take advantage of the small companies. exemptions in preparing the directors, report and from the requirement to prepare a strategic report. Respon8ibllitio8 of trusteos As 8xplain8d more fully in the trustees, responsibilities statement, the trustees (who are also Ihe directors of the charitable company for the purposes of company law) are responsible ft)r the preparatton of the financial statem8nts and for being satisfied that they glve 8 true and falr vlew, and for such internal control as the trustee5 determine is necessary to enable th8 preparation of financial statements that ar8 fr88 from materlal mlsstatement, whether due to fraud or 8rror. In preparlng the financial statements, the trustees are responslble for assesslng the charitable company's ability to continue as a going conc8rn, disclosing. as applicable, matters related to golng concern and using the golng concem basis of accounting unl8ss the trustees 8ith8r intend to liquid8te the charitable company or to C8ase operations, or have no realistlc alternative but to do so. io
NORTH KENT MIND INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NORTH KENT MIND FOR THE YEAR ENDED 31 MARCH 2024 AudltDr'$ rosponslbllltlos for the audll of the flnanclal ststements Our objectlves are to obtain reasonable assurance about wheth8r the financial st8lements as a whole are free from material mlsstatement, whether due to fraud or error, and to issue an auditorfs report th8t includes our opinion. Reasonable assurance is 8 hlgh 18v81 of assuranc8 but is not a guarantee that an audit conducted In accordance with ISAS (UK) will always detect a material mlsstat8ment wh8n it exlsts. Mlsstatements can arise from fraud or error and ar8 considered material rf, individually or in the aggregate. Ihey could reasonably be expected to Influence the economlc decisions of users taken on the basls of Ihese flnanclal stst8ments. IrgUlaritIes, including fraud, are Instances of non-compliance with laws and regulations. We design procedures In Ilna with our r8sponslblllties, outlined above, to detect material mlsstatements in respect of Irregularitie5, includlng fraud. The extent to which our proc8dur8s are capable of detecting irregularities, includlng fraud, is d8tsi18d below. We obtained an understanding of the legal and regulatory frameVrk appllcable to the preparatlon of the financial statements of the ch8rltable company, and th8 proc8dur8S that management 8dopt to ensure compliance. We have considered the extent to which non-compliance might have a material effect on the financlal Statements, and in particular we identified: the Companies Act 2006, the Charltles Act 2011 and Charities SORP (FRS102). We have also identified other law5 and regulations that do not have a dlrect effect on the 8mount5 or d15c105ures within the financi81 statements. but for which compliance is fundamentsl to the charitable company's operations and to avold material pen81ties, including General Data Protection R8gulation and emplcyment law. HavlThJ reviewed the laws and regulation5 applicable to the charitable company. w8 designed and perk)rmed 8udit procedur8S to obtain sufflcient appropriate audit evidence. Speclfically. we: Selected a t8am with sector experienc8 to P8rform the audit., Obtained an understanding of the entlty's procedures for ensuring compliance with laws and regulations: Obtained and r8view8d meeting minutes; Made enquiries of management and the trustees regarding whether they were aware of any actual or suspected Incldences of non-compliance with laws and regulations; Reviewed the register held by the Informatlon Commlsslonerfs Office to 8nsur8 that the company was appropriately registered and no regulatory breaches were found: Reviewed legal exp8ns8s accounts for Indlcatlons of any possible non-compllance; Obtained and reviewed internal policies and procedures and exiemal guidance. and Reviewed the completeness and accuracy of assoclated disclosures mad8 in the financial statements. We assessed the susceptibility of the charltable company's financial ststements to material misstatement, Including considering how fraud might occur. This was p8rft)nn8d by: Making an assessment of th8 entity's control environment. systems and controls Including identfying any w8akn8SS8s and considering the risk of managemnt overrlde of controls; Considering whether there are any incentives or opportunities for management to manlpulate flnanclal results. Obtslnlng and evaluating the trustees, assessment of the risk of fraud, and enquiring as to whether they are aware of any actual or suspected incidences of fraud; Reviewing the accounting policies and accountlng estimates for signs of management bias; and Identifying key risks relating to Irregularities: complet8ness of income, management overrlde of controls and the valuation of th8 multi-employer defined benefit pension scheme. li
NORTH KENT MIND INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NORTH KENT MIND FOR THE YEAR ENDED 31 MARCH 2024 We then design8d audit procedures In response to the risks identified, includlng perfomiing substsntive testlng on all material income streams. revlew of relevant correspondence and minutes,. discussions with management and corroboration of their statements" revlewing journal entries and accounting estimates; and reviewing the multi-employer defined benefit pension scheme calculations and disclosure. The audlt has b88n planned and performed in in accordance wlth auditlng stBndards, howev8r, because of the inh8r8nt IlmStations of audit procedures there remains a risk that we will not detect all irregularitles, including those that may lead to material mlsstat8m8nts in th8 fin8nci81 statements. There are inherenl dlfflcultles in detscting irr8gularlties. and irregularities that result from fraud may be mor8 difflcult to detect than irregularities that result from error, for example due to conc8alm8nt, override of controls, collusion or misrepresentations. In addition, the furth8r r8mov8d non-compliance wilh18ws and regulatlons is from the events and Iransactions r8fiect8d in the financial ststements, Ihe18ss audit procedures are able to Ident A further d8scrlption of our responslbllltles for the audit of the financial statements is located on the Flnanclal Reporting Council's webslte at: 'lIN.frc.0r .uklauditorsre This description foms part of our auditorfs report. Use of our report Thls report is mad8 Solely to the chadtable 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 rnh1 stat8 to the charltable company's members those matters we are required to state to them in an auditor's r8POrt and for no other purpose. To the fullest extent permltted by law, we do not accept or assum8 r8sponsibilty 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 H8al8y FCA Senlor Statutory Audltor For and on behalf of: Llndeyer Francis Ferguson Llmltsd Statutory Auditors Chartered Accountants Date.. 17 tkn..L.: North House 198 Hlgh Street Tonbridg8 Kent TN9 18E 12
NORTH KENT MIND STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 As rnstated 2024 2024 2024 2023 Unrnstrlcted Restrfettd Total funds Tot•1 lunds funds fiinds Not08 INCOME FROM: Donauons 43,744 43,744 82.081 Inve81ments 18,783 18.783 4,424 Charitable activllres 2,968.984 140,550 3,109,534 3,142,230 TOTAL 3,031,511 140.550 3,172,061 3.228,735 EXPENDITURE ON: Fundraising 2.532 2,532 4.934 Ch*itable activltles 3.108.382 116.240 3,224.622 3,209,776 Intere81 p8yable 192 192 149 TOTAL 3.111,106 116.240 3,227,346 3,214,859 NET IEXPENDITUREY INCOME (79,595) 24.310 (55,285) 13,876 Trnn8ler b8iw8•n funds 15 Net n>)vement In funds (79.595) 24.310 (55.285) 13.876 Total funds broughl forward 1,199,497 53,616 1.253.113 1,239,237 Total funds carrlod forward 15 1.119,902 77,926 1.197,828 1.2S3.113 The statement of financial 8Ctivilies indude5 all gains and losses recognlsed in the period. l income and expendlture derlves from ntInuIng arAiwties. 13
NORTH KENT MIND BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 As rnstated 2023 2024 Notes Flxed assets Tangible fixed assets 10 4,143 6.151 Currnnt a880ts Current asset Inv8Stm8nts Debtors Cash at bank and in hand 11 12 333,819 655.397 341.651 725.294 768,804 1,330,867 1,494.098 Liabllitles Credltors: amounts falllng due wlthln one year 13 (137,182) (244.984) Net current •t3 1,193.685 1.249,114 Total aBsets1055 current Ilabilities 1.197,828 1,255,265 Credltorn: amounts falllng du8 aft•r more than on• 14 (2,1521 Total nel assets 1.197.828 1,253,113 Th• funds of tho charlty Unrestricted funds Restricted funds 1,119,2 77,926 1.199.497 53,616 Total charlty funds 1,197.828 1,253,113 Thè financiBI ststsm8nts werè approved by the Board of Trustees on23 IW..z*nd were signed on its behalf L Stukalov-Stone- Chair Company Number.. 05093370 14
NORTH KENT MIND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 As rnstated 2023 2024 Notes Cash flows from operatlng actlvllle3: Net cash generated by operatlng activities (112,117) {60,316) Cash flows from Investlng actlvltles: Interest recelved Purchase of assets Paid into short term deposits 18,783 4,424 (8,034) (333.819) Change In cash and cash •qulvalants in the year {427,153) (63.926) Cash 8nd cash equivalents at the beginning of th8 >ear 768,804 832.730 Cash and cash equivalents at the end of the year 341,651 768.804 Represented by.. Cash at bank and In hand 341,651 768.804 Roconclllalion of not income to net cash flow from operatlng actlvltles Net (deficity income for the year AS Per th8 &atement of Finanual Actlvttles (55.285) 13,876 Adjustments for: Decre8s81lincrease) in debto (Decrease) in creditors Interest receivab18 Depreciatlon 69,897 {109,954) (18,783) 2,008 (68.593) {3,058) (4.424) 1.883 {56,832) (74.192) Nel cash provkled by operating actNlties {112,117) (60.316) 15
NORTH KENT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclo8 G•n•r•l Ink4miatlon North Kent Mlnd is a ch8ritable company limited by gu8rantsg and incorporated In England and Wale$ Ich8rity number 1103790. reglgtered company number 05093370). In the event of the company being vUnd up. the liabilty In respect of the guarante8 is limited to £1 per member of the ch8rity. Th8 8ddres8 of the regi8tered offlce is The Almshouses, &22 West Hill, D8rtft)rd, Kent. DA12EP. North Kent Mind meets the definltlon of a public benefit entity under FRS 102 and 118 prfnclpal activity 1$ to pro118 the preservation of mental health and to assist In Ihe recovery CA persons sufferfng from a mertsl dlsorder or condltlon8 of enKJtlonal or mental distross. 12 Baols of prep•rntion The finandal 8tat8ments have been prepared in accordanc8 With 'Ac¢ountir#J and Rewrting by Charftle8: ststgment of Recommended Practice appllcable to charftles preparfng their accounts in accordance wrth thè FinanGial R8porting St8n¢Jard applicablg In the UK and Republlc of Irel8nd IFRS 1021. leffectlve 1 January 20191 ICh8rities SORP (FRS 102)), the Fin8ncl81 Rewtlng Standard appllc8ble In tho UK and Rewbllc of Ireland {FRS 1021 and the Comp8ni8s Act 2CM)6. As covered In the Trustees, rewrt, the NHS Talking Theraples contract was tsrminated on 31 March 2024. The deficit in relation lo this contract in the 2024 accounts Is £162,403. Slnce 1 Aprll 2024, there have been reductions in staff numbers wilh a corresporKling reduction in expendlture. As Such, Ihe trustees are confident the ent¢ty remain8 a golng clrn. and yo the going wncern basio ol awjunting has been adopted. The financial ststements arE prepared In pounds steIng, whlch 18 the funct81 currew of the Chartly, and rounded to nearest £1. Income Income from donations arsd grants Is recognlsed when the char6ty Is entitled lo the funds. the recelpt Is probabl8 and the amount cen b8 measured rellably. For donatlons. Ihls Is usually on recefjpt. For gra8. thls Is usually when a fcml offer 18 mad8 In WrIng. unless the grant contalng terrrts and conditlons outslde of th8 charlvs control whlch must b8 met beth the charfty 1$ entitled to the funds. Inccffie from charltable altIes is rewnised to the exlent that the charity has provided contracted seprfice8. Investment InMe is re¢ogni8ed when receivable. No amounts are included in the financial ststements for services donated by vdunte8r8. 1A Expendlture Liabilities, and related expenditure, are recognlsed vthen a present legal or constructiNB obl¢g8tion exlsts at the b81onGe sheet date as a result of a past event, il Is probable that a transfer of gconomic b8nefts wlll be requlred to settle the obligatlon, arKJ the amount Can be rr8Ur8d or estlm8t8d reliably. All exp8nditure15 accounted for on an 8ccru818 ba818 and has been cl888lfied under exp8n88 categ)rf88 that aggregate costs for allocation to an activlty. Where costs cannot be dlrectty attrlbuted lo parbcular acilvltles they have been allocated on a basis conslstent wlth the u8e of th8 rn80urc88. Support Gosts are Ih¢)¥e inwrred directly In support of expenditure on the objects of the company and Include prole¢t management ¢arrie(l out at Headqu8rtgrs. Support costs have been allocated to each fund type based on the proportion of direct costs incurred in the year of review. 16
NORTH KENT MIND MOTES TO THE FINANCIAL STATEMENTS FOR fHE YEAR ENDED 31 IIARCH 2024 ounung pollclH Icontlnu•dl Curr•nt 888•t invg¥tments Current asset Investments conslsts of cash on dewslt wilh 8 maturity of le5S than one ye8r held for Investmènt purposes and are classlfied as bBsic finanaal Instruments. Flnancl•l Instrum•nt8 The Gharlty only has fin8ncSal instruments which are classified as basic financA81 instruments. The charftys basic rinanclal instruments are Inlllally recognised at transaction value and Subsequently m886ured at their settiement value. Penslon contrlbutlonB The charity Is port of a multl-employer defined benefit penslon Bcheme. whith is operated by Th8 Pen8lon Trust. It is not possible In the nonn81 ¢ourse of events to identify separately the a88et8 and Ilabllltles (rf partiripatlng employers on a conslsfrnt and Teasonable basis. Consequenty the p18n 18 accounlad for as a define(I conlrSbL¢tion plan. Where the plan is in deficit and where the charity has agreed, wlth the plan, to parti¢ipot8 in o defical fundlng arrangement the ch8rfty recognlses a Ilablllty for th18 obllgallon. The amount rewgnlsed18 the net present value of the contributlon8 Payable under the agreement that relates to the deficit. This amount Is expensed in surplus or deficlt. The unwinding of the di$¢cnt is recognis8d as 8 fin8nce cost. Fund accounting General furKls 8rè unrestricted funds whlch are 8vallable for us6 at the dlscretion of the TteeS In furtherance Df the general obiectiV8s of the charflable company and whlch have not been designated for other purposes. Designated funds are untrfCted funds de$lgnaled by the trustees for p8rUcular purp08e8. Restricted funds are fun¢J5 which are to b8 Used Sn accordance with sp8clffc re8trlctlorr& Imposed ty thè dono which have been raised by the comp8ny for particular purposes. Th8 (#)sl of r81slng and administering such funds are charged against th8 SP8ciflc fund. The alm and use of e8ch r88trfcted furwj l# sel out In the notes to the flnancial 8talements. Op•ratlng ha••• Rentals payab18 under opBraling leases are charged •Jainst income on a stralghl Ilne besis over the lease le. 1.10 Tanglblo flxod assets and d•preciation Tangible fixed assets are stated at cost les8 depreciaticK). Depreciatkjn is prLwKled Bl rates calculated to wrlte off the cost less estimated reali88ble value of each asset over its expected u¥eful life, as follows.. Motor vehicleB Equipment 4 years sITalght line 4 years slr81ght Ilne Flxed 8S8ets wlth an Indlvldual cost of1885 than £1,000 are wrltten off In the year of purchase. 17
NORTH KENT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Judgements and key Sourc of utlmallon un¢ertalnty North Kent Mlnd has a multl-employer deflned bengfit penslon Sche which Is ac¢ounted lor as a defined conlributlon $theme. Detslls of the scheme and t reasons for the aCcounng treatment are glven In note 16. The charitable company recognlses a 1Sablllty for penslon defédl funding at Its net present V8lue. The dI8count r*e used Is a key sourcè of estimstion uncertalnty and the charM•bl8 company h88 adopted the rate advlsed by the 8ch8me provlder as 8•t Iwt in noto 17. Donatlty 2024 2023 Grants and Donations 43,744 82.081 The cc4nparative figure Include8 £NII of restrlcted IrKam8. Inv•stm•nt Incom• 2024 2023 Bank Inlere8t rKeivable 18.783 4,424 The compar8tlve figure Indudes £NII of restd¢ted Incom. In¢oming resources fr¢xn charltable actlvltle• As restated 2023 2024 Housing Services Well-being Servlce Fee Paylng ServSce8 Employmènt Services NHS Psychological TheTapi8s Trainees Chlldren and Young Persons Small projec18 452.562 457.453 50.162 309,655 1.167.599 275.591 368.850 27.662 391,576 57,344 414,th3 1,223,662 314,394 276,701 3.109.534 3,142.230 Th8 totsl ccmparallve figure Includ88 £277.649 of restdcted InrAMne.
NORTH KENT MIND NOTES TO THE FINANCIAL 3TATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 6 Expondltur• on charllable actlvltles Summary byfvnd type 2024 Dlrnct 2024 Support 2024 Total 2023 Total Houslng S8Tvices Well-being Service F8e Paying Services EmployTnent Services NHS Psychological Th8rapi88 Traina8S Children and Young P8r80ns Small Projects 322,870 362,842 50,636 196,483 1,034,926 231,896 280,144 29,406 92,056 103,453 14,437 56.021 295.076 66.118 79.874 8.384 414,926 466,295 65,073 252,504 1,330,002 298,014 360,018 37.790 375,898 446,998 48,514 451.499 1.293,999 228.018 358.358 8.492 2,509,203 715.419 3.224,622 3,209.776 The tot81 comparative figure indudes £310,D86 of expenditure from restrlcted funds. Dlrect cr)•ts 2024 2023 Project costs Computer costs Volunteers Rent Repairs and maintenance Telephone Other office costs Travel costs Therapist costs anagement fees Wages and S81arie8 72,695 43.658 828 26.729 14,790 2,118 52.333 12,983 127,383 29,017 2,126,669 61,683 38.554 18.011 6,243 1,810 56.837 6.236 123.119 31.293 2,169,151 2,509,203 2,514.237
NORTH KENT MIND
NOTE8 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expondllure on charltabl• actlvltl•s (contlnued)
Support costs
2024
2023
Rent
Light 8nd heat
Repairs and maintenance
Depreuation
Sm811 Items of offlce equipment
Insurance
Legal and professlonal
Telephone
Printing, postago and stationery
Computer costs
Other officg costs
Tralning
Trav81 C
NORTH KENT MIND NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 Int•rnsl and flnanc• costs payablè 2024 2023 Pension scheme Interest exp8nse 192 149 Nel Incom• 2024 2023 This is stat8d after charging: Auditorfs remuneratlon for audit 8eThic8s Audilorfs remuneration for accountancy sep4lce$ Aud¢torfs remun8r8tlon for ac¢ountsncy services - relating to the prior ye8r Pansion costs Note 7 Operating lease rentals 3,675 5,459 3,550 4.550 6.430 59,252 44,886 59,458 51,540 10 Tanglble flxed B88etg Fixtures, flttlngs & •qulpmont Motor vehlcl•• Total Cost or valuatlon At 1 April 2023 Additions 2,034 8,034 At 31 March 2024 6,000 2.034 8.034 D8pro¢lallon At 1 April 2023 Charge for the year 1,375 1,500 1.883 2.008 At 31 March 2024 2,875 1.016 3.891 Net b¢)ok value At 31 March 2023 4,625 1,526 6,151 At 31 March 2024 3,125 1.018 4.143 11 Current asset Investments 2024 2023 Cash on deposit 333.819 12 Debtorn As restated 2023 2024 Fees for services Prepayments and accru8d incomé 516.424 138.973 323.371 401.923 655,397 725.294 21
NORTH KENT MIND NOTES TO THE FINANCIAL STATEMENTS THE YEAR EAIDED 31 hlARCH 2024 13 Crodltorn: amounts lalllng dufr wlthin on• year 2024 2023 Amounts due to Suppliers other credltors Deferred income Multi-employer penslon scheme deficit u)ntribulutton8 68,859 30.968 35,009 66,228 53.707 122.178 2.871 {Note 17> 137,182 244,984 2024 2023 D&ferred incom6 Induded above: Incoming resourc88 deferred in the previous parfod Released to the Statement of Financial Aclivitles InmIng re80urcg8 deferred In the current poriod 122,178 (122,178} 35,009 136,006 1136,006) 122.178 C8rried fonv8rd 35,009 122.178 All deferred Income relales to o)ntract income received in advance. 14 Crodltorn: omounts falllng duo aftor more than on• yaar 2024 2023 Multi-employer pension scheme deficit contributions (Note 16) 2,152 22
NORTH KENT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15 Mo¥•m•nt In thnds As rnstated Incomlng ROUrceS l Aprfl 2023 resourc85 exp•nd•d Transfers 31 March 2024 Current Unrestricted funds General fund Designated fvnds WB Service Activity FuThJ Houslng Sink Fund Fae Paying Hardship Fund Options fund 1.185,876 3,030.973 {3,110.317) 1,106.532 {334) 12,000 1.287 12.1300 1,096 274 {191) {264) 538 1,199.497 3.031.511 (3,111.106) 1.119.902 Restric*ed fund5: Ecology Island Project NW Kent Carers Aspir8tion8 Friendship Group Grant Donations for HousirvJ Men's Suiade Prevention Group Let'5 Stay in Touch Project MIND Resilience Programm Covid Control Infections Funds Hovslng Kent Minds Connector FurKI SCESS - SclK)ols Project Help Through Hardship Fund Sw8nley Lane Garden and W8llbelng Services 3.229 6.618 11,974) 11,344) {22,776) (627) 7.873 22,776 5,925 5.298 369 6.951 6.951 1.037 8.788 1.622 1.379 1.055 {2,092) 8.788 {1,622) {1,379) (40,870) (29,277) 40,870 66.667 37,390 196 1.500 (339) 1,357 Imroc Training Grant Cor620Plu$5 Interventions 13.940 9,900 (13,940) 53.616 140.550 {116,2401 77,926 Total funds 1,253.113 3.172,061 13.227,346) 1,197.823 23
NORTH KENT MIND NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2024 15 Mov•ment In fund• {¢ontlnu•d) InMIng Resources rnsourc•s expended Transfw¥ 31 Mah 2023 Prlor year (88 r•8tatod) l Aprll 2022 Unrestricted funds General lund5 De$lgnated fund5 WB Servlee Activity Fund CoFing with Life IWe8t Kent Mind) Supportline Houslng Sink Fund Fee Paying H8rdshSp Fund 1,134,844 2,949.553 12,901.641) 3.120 1.185,876 1,533 (1,2051 (2851 (1,2421 334 285 1,242 12.000 1,687 12,000 1,287 (4001 1,150.064 2.951,086 (2,904.7731 3,120 1.199,497 Reslrlcted funds.. Ecology Island Proleci NW Kent C8r&rs Asplrations Friendship Group Grant Donations for Housing LWK YouThJ People Fund Men's Suickle Prevention Group Let's Stay in Touth Project MIND Resilience Programme Covid Control InfectSons Funds Houslng Digit85 transformation K8nt Minds Connector Fund SCESS- Schools Prole¢t H8lp Through Hardship Fund Sw8nl8y Lane Garden and Wollbeing Services 6.527 (3,2981 3,229 34.220 6.489 468 3.120 7.425 2.817 8.788 1.622 1,350 1.379 13.624 189,324 (200.7681 (5641 1991 22,776 5,925 369 (3.120) (4741 (1,7801 6,951 1,037 8,788 1.622 {1,3501 1,379 54,492 33,333 168,1161 133,3331 (304) 196 89.173 277,649 (310,0861 (3,120) 53,616 Total funds 1,239,237 3,228,735 13,214.859) 1,253,113 Designated fvnds WB Service Activity Fund- This fund is compri8ed of contributions from $8Nce u88r8 for SpeclC actlvllles organised by the Charfty. Th8 timing of when th8 resources will be utilised is d8pend8nt on th8 activities organlsed by the Charrty. Coping with Lrfe (Wesl Kent Mind) - This fund is in partnership with West Kent Mind lo provide well-being servlce8. Supportline Following the success of the work of Supportllne this year. funds have been set aside from tt unrestricted fund to ensure that the projecl can be ur)dertaken in the coming year. Housing Sink Fund - Funds h8ve been set asid8 to allow for futur8 malntenance and paIrS of the Housing prop8rties. The funds will be utilised as necessity requires. F88 pawng hardship fund - Thè Board hav8 set aside £2,000 to provide support ft)r users of fee paying seNices in dlffi(wll circumstances. Options Fund - Option5 involves th8 planning and organisation of v8rious social events and trips. Ser4lce users withln Communlty S8rvic95 identify plac85 they may wish to visit or events to organiz8 and then the organlsalion supports them to achieve it. 24
NORTH KENT MIND NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 AIARCH 2024 1S Mowmvnl In fund• (Mntlnued) Reslrfcled fund8 Ecology Island Projoct - Eeology Island is 8 natur&based inleNentlon. which takes plac8 weekty across 8 sesslons In a woodland aw of Central Park, Dartford. The participants take part in 8 range of n8ture-ba$ed activltie$ whlch allow them to leam new skills in a supported environment, outdoors in natu. Ex8mples indude bushcraft, csmpfire co)klng. scwb clearance. wildlife ID, litter picking, bird and bat box building, wildfiower planting and more. NW Kant Carers - thi8 fund 18 for those who are ¢arers who ruIre 8UPPOrt wlth menlal health and wellbeing, thi8 support often lakes the form of low cx)st coun$elllng. Aspir8tlons - Aspirations provides one to one 8UPP(Kt. based around a person's indivldual go818. for th0$8 who want to make a change. Wh&th8r you want to Improve sour wellbeing, find opportunities to engage wlth your local community ke volunteering or 10¢81 groups, or if you wanl to move Into employTnent. Thls is 8 project for anyDne who 15 employ8d. living with a mental health conditlCKI and is b8lw88n the ages of 25-65. The Aspiralions Prol8Ct 18 being furKl8d by the European Sodal Fund and The National Lottery Community Fund. Fri8ndship Group Grant - The Friendshlp Group provides support for indNiduals 7Mth mental health issues th8 opportunty to soclallse, rolax and partldpate In th&r8peutic activities, suth as arts and crafts. The sessions are h8ld on Saturdays and 8re run in a friendty and welcoming environment. Donation5 for Housing - Th1$ was a donatlon requested to be used by the housing department for Housing Tenant events or function9. LWK Young Peoplè Fund - This is a project for 17-25 year olds in DGS to help improve overall wellbeing. We h&ve been working with Sup8Jam to provide 1-1 coaching sessions and supporting. includlng slgnposling and sharlng of rUrceS for variou8 mental health ne8d8. Men's Suicide Prevention Group - Funding for this group was from mgmber of staff who dkl fundraising. this group is open lo indlvldua18 who have pr8vlou8ly suffered or Gurrently suffering from a Mental Health Issua. Levs Stay In Touch Project - A project to provid8 residents of Ihe supported living accommodation *ith access to internet and other telecomrnunicalion5 5UPPOrt. Funding was provided by the Hyde Foundation. MIND Resilience Programme - Fundlng was recalv8d to provid8 Social Media Reslllen¢e Coaching to those in need. Covid Control Infection8 Funds Houslng - Fundlng w8s recelved via Porchlight to be ullllsed for any additional costs incurred during the administratlon of the support Ilving houses during the Covid pandemic. Digitsl Tran5fornation Fund A project funded by n8tSonal Mlnd to enable a consultation and development of the organlsation's Customer Management R81ations softsvare system. Funding tho introduction of Lamplighl for Central Services. Kent Minds Connector Fund - Fundlng from national Mind to support local Minds lo work more coll8bor8tively. Alowing and encouraging North Kent Mind to work 1th Minds across Kent to compile and Identify joint bids and joint pieces of work. SCESS - Schools Prolect - Fundlng for the Schools and Colleges and Earfy Supwrt S8rwce prograrn to provide well- being services in schools. Help Through Hardship Fund - Funding to provide free advice for those struggllng with the cosl of living crisis. Swanley Lane Garden and Wellbeing Service5 - Funding to encourage gardening and 115 wellbeing b8nefits in relation to our Swanley oarden. IMROC TrainirKJ Grant- Funding was received to faalitate p88r support for staff and volunteers. 25
NORTH KENT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15 Movom•nt In funds l¢ontlnuod) Coro20Plus5 intervontions - Fundlng from tho NHS to run three projects across the Dartlord, Gravesham and Swanley are8 to deliver non-NHS based actlvi16es and servics lo reduce health inequallty. 16 Analysls of nel a850ts be18n funds Unrostrlctod Restrlcted fiinds funds Total funds Total lunds 2024 2024 2024 2023 Curront year Fixed assets Currant assets Creditors.. due within ong ypar Creditors.. due in more than on8 yèar 4,143 1,252,941 1137,182) 4.143 1.330.867 {137.182) 6.151 1,494,098 (244,9841 (2,152) 77,926 Total nol ass•ts 1,119,902 77,926 1.197,828 1,253,113 Unrnstrithd Restslcted funds fiinds Total funds Total fvn(ts 2023 2023 2023 2022 Prlor year (as reststed) Fixed a58ets Current assets Creditors". due within one y8ar Creditors: due in More than one year 6,151 1,440,482 1244,984) (2,152) 6.151 1,494.098 {244.984) (2.152> 53,616 1,489.431 (245.110) 15.084) Totsl n•t a81•ts 1.199,497 53,616 1.253,113 1.239.237 17 Ponslon commllm•nts The Charity partScipales in 'The Growlh Plan. penslon scheme, opgrated by The Pensions Trust, which is a multi- employ8r schemè whSch provides benefits to som8 638 non-asswated PartIPatIng employers. The scheme 18 a deflned berfft scheme In the UK. It Is not possible for the Charity to obtain sufficient information to enable it to account for the schema as a defined benefft scheme. Therefore. it accounts for the scheme as a defined c4)ntribution schem8. The scheme is subject to the fvnding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2(K15. This, together with documents issued by the Panslons R8gu18tor and T8chnic81 Actuarial Standards issued by the Financial Reportiv¥J Council, set out the fr8mework for fvnding defined benefft occupational pension sthemes in the UK. The $¢heme is classlfled as a 'last-man standing arrangement,. Therefore. the Charity is potentially Itable for other partiupaling employers, obligalions if those employer5 are unable to meet their share of the scheme deficit fo11thng withdrawal from the schem6. Participating employers ar818gally requlred to meet thelr share of th8 Scheme doficit on an annuity purchase basi5 on withdrawal from th8 scheme. A full actuari81 valuation for the %herne was carried out with an effectlve date of 30 September 2020. Thls actuarlal v8luation showed assets of £800m, liabilities of £832m and 8 deficit of £32m. To ellmlnate thls funding shortfall, the Trustee and th8 Participating omployers hava agreed that addltional conlrlbutions 11 be paid to Ihe stheme as follows: 26
NORTH KENT MIND NOTES TO THE FINANCIAL STATEMEKf8 FOR THE YEAR ENDED 31 MARCH 2024 17 Penslon ¢ommltment• (¢onlInd) Deffclt Contrfbutk%.' From 1 April 2022 to 31 January 2025.. £3.3m perannum (payable mthly) Note that the scheme's previous v8lualSon was carriéd out wlth an effective date of 30 September 2017; this valuatlon showed assets of £795m, liabllilie6 of £926m and a deficll of £131 m. To eliminate this funding shortfall, th8 T188$ and the participating employers had 8greed that 8ddltlonal rA)ntributions Uld be paid. in ¢ombin8tion from all employors. to the scheme a8 follows: From 1 Aprll 2019 to 30 September 2025.. £11.2m per annum {p8y8ble monthly and in¢r88sing by 3% gach yB8r on 1st Aprfl) Whère the scheme is in deficit and where the Charity h83 agreed to a deficit funding arrangement the Charity recognises a liabilty for this obligallon. The amount recogni¥pd Is Iha net presènt V81uè of the deficit redudion contdbulions p8yable under the agrgemenl that relates to the deflcit. Th8 present value is calculated using the dlscount rete detailed in these disclosures. Th8 unwinding of the discount rate15 recfjgnised as a finance cost. 2024 2023 Prnsant valuas olprovlslon Due wlthln one year Due aftor one year 2,871 2,152 Total present value of provision 2,346 5,023 Reconclllatlon of openlng 4nd ¢loslng provtslon Provision ¥t stsrt of pgriod Unwinding of the discount factor (Interest expense) DeffiC contribution paid Rgmeasurements - impact of any change in assumptlons 5.023 192 (2.871) Provis*)n at end of period 2,346 Income and expendftur• Impaet 2024 2023 Interest expense Rem8asur8ments - impart of any change In assumptions 192 149 (134) Costs r8cognlsod In Income and gxpenditure a¢wunt 15 Assumptlons 2024 2023 Rate of discount 5.31 5.52 The discount rates shown above are th8 equivalent single dl%ount rates which. when used to discount the future recov8ry plan contributions due. would give Ihg same results as using a full AA corporate bond yield curve to dlscount the same recovery plan contributions. 27
NORTH KENT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 Rolated party transactlons Th6 chariws key managomenl personnel are the Trustees, the Chief Executive, the Deputy Chief ExecutlV8 and th8 Central S8rvices Manager. Total emoluments, excluding employerfs ponsion contdbullons. paid to key management personnel were £146.131 (2023.. £140.802). 19 Control The chBrilabl8 company is controlled by the Trustse8 and ther&18 no one ultimate c£)ntrolling paty. 20 Operatlng lea80 commlthi•nts The charity Is Lyjmmitted to future minimum lease payThnts under non-cancellable operating1986es as follm.. 2024 2023 Land and buildings- Due wllhin one y8ar Due in two to five ar8 9.222 24.760 4.167 9.222 28,927 21 Prlor yoar restatement During the preparation of these financial statements It was noted that accrued Income was overstated in the prior year by £46,937 in relation lo NHS Psychologi1 Therapies income. Thi$ has been rrected and the restatement is as follow8: m0ment In >*ar Orfglnal Adjustment As rnststod Incg)me from charitable activltles Surplus for the year 3,189,167 60.813 { 46,937) (46.937) 3,142.230 13.876 CIo8lng po8ltlon Orlglnal AdJustnMIt As restaled Debtors a131 March 2023 Unrestricted funds at 31 March 2023 772,231 1.246.434 { 46,937) (46,937) 725.294 1,199.497 22 Events after tho reportlng dale The charity is due to exchange on tho purthase of the Almhous8s before the end of Dec8mber 2024, wlh a purchase price of £410.000. The purchase is lo b8 financed by 8 mortgage. 28