NORTH KENT MIND (A Company Limited by Guarantee) Company No. 05093370 Charity No. 1103790 Report and financial statements For the year ended 31 March 2025 IGOLDWINS CHARTERED ACCOUNTANTS
North Kent Mind Report and financial statements For the year ended 31 March 2025 Contents Reference & administrative inforniation....................................................................................... Trustees Annual Report........................................................................................................ Independent auditors. report................................................................................................ Statement of financial activities .........................................................................................11 (incorporating an income and expenditure account) Balance sheet......................................................................................................................12 ststement of cash flows......................................................................................................13 Notes to the financial statements ......................................................................................14
North Kent Mind Report and financial statements For the year ended 31 March 2025 Reference & administrative information Trustees Lyndsey Stukalov-stone (Chair) Donald MacLeod (Treasurer) Alex Stukalov-stone Andrew Upstill Sarah Gow Jessica Hamill {appointed 13 June 2024) Fatal Matilukuro-olanuga {appointed 13 June 2024) Company registered number 05093370 Charity registered number 1103790 Registered office The Almshouses 6-22 West Hill Dartford Kent DA12EP Chief Executive Officer Justin Bateman Richard Giles {retired 30 September 2024) (appointed 1 October 2024) Business Manager and Company secretary Gemma Maxted {appointed 2 April 2024) Auditors Goldwins Limited 75 Maygrove Road West Hampstead London NVbE 2EG Bankers CAF Bank HSBC Bank PIC 25 Kings Hill Avenue, Kings Hill 38 High Street West Malling, Kent Dartford, Kent ME19 4JQ DA1 1DG
North Kent Mind Report and financial statements For the year ended 31 March 2025 The Trustees (who are also directors of the charity forthe 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 2025. 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: subject to a particularly rigorous review and takes into account the need for progressive refreshing of the board., and, explained in the trustees, annual report. Three of our current trustees, Andrew Upstill, Alex Stukalov-stone and Lyndsey Stukalov-stone, (our current chair) have served more than 9 years. The Board has considered their position, and noting that they comprise only 3 out of 8 Trustees, that there is a rolling programme of trustees having to stand for re-election, that new members have continued to join the Board throughout their tenure, and that they provide a unique and stable contribution to the work of an organisation that has experienced rapid change, considers their continued involvement to be clearly beneficial. • Policies adopted for the induction and training of Trustees Processes and policies for inducting and training Trustees were reviewed and renewed in October 2023 in response to the Mind Quality Mark prOsS and following discussion at the Board Awayday in August that year. The organisation retained its stance that the 3-day North Kent Mind Training remains mandatory for all staff and volunteers, including Trustees. 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 two sub-committees.. Finance & Personnel, and Investment. The latter was created in 2023 to work productively with the substantial amount of reserves that have been acquired. The Board delegates the day- to-day running of the organisation to the Chief Executive offir. Other senior members of staff comprise, the Head of HR and Administration who is responsible for the administrative staff, the Finance Manage, Head of Development, Head of Housing and Facilities and the managers of the key service elements.. during the year in question these elements comprised Supported Housing, Counselling and Therapy Services, Wellbeing Services-, Development Services, and the Children and Young Persons Servi. 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 fInanS 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 the Board 'away day, on 14th October 2024. They have reviewed the need for an internal audit, and judged this is not necessary in the year to which these accounts relate.
North Kent Mind Report and financial statements For the year ended 31 March 2025 The format for assessing organisational risk was reviewed and updated in October 2023 as part of the Mind Quality Mark process. . Networks and Partnerships The organisation is affiliated to National Mind, and this has been codified in a Mind Federation Agreement, updated 16th September 2025, and will last until 31 March 2027 at the minimum. This defines the relationship beeen 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 neork, access to financially advantageous Insuran and Human ReSoUrS 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. There are currently a number of costed proposals which. if successful. envisage these 5 organisations working in tandem on specific new projects. North Kent Mind remains one of the partners within the Kent Refernet system, which includes KCC and a range of other local organisations, promoting prompt cross-referral. North Kent Mind functions as a delivery partner for the charities Porchlight and Shaw Trust on several fronts. During the year in question this involved delivering: . Wellbeing Services in Medway, Dartford, Gravesham and Swanley (KCC Funding) Development SeNices in Medway, Dartford, Gravesham and Swanley {KCC Funding) Supported Housing in Medway, Dartford, Gravesham and Swanley {KCC Funding) servi User NeOrk (SUN), across Medway and Kent, in conjunction with other Kent LMA'S The end of the IAPT services (now renamed as NHS talking Therapy SeNices) contract in March 2024 lead to a significant reduction in the size of the organisation and resulted in a restructure of Central Services for April 2024 onwards. We also work in partnership with Gravesham Council to deliver Mental Health Services to rough sleepers via hostel residents in the Borough. Since early 2022, our Deputy CEO became the Chair of the Voluntary Sector Alliance for the Dartford, Gravesham and Swanley area. Within this role, North Kent Mind has therefore been at the forefront of an extensive voluntary neOrk in that area, coordinating joint meetings and events, and has formed a strong partnership with CVS NWK. 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.
North Kent Mind Report and financial statements For the year ended 31 March 2025 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 considered the Charity Commission's general guidan 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 Review of activities Throughout the year 2024-2025, North Kent Mind continued to run its range of services. utilising a predominantly in person approaches. Wellbeing Services: 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 "Live Well Kent and Medway" servi. The agreed portFolio in Dartford, Gravesham and Swanley and Medway consisted of: Social Skills Sessions Recovery and Activity Sessions Coping with Life Courses Mindfulness Course Peer Support Groups 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. Development Services: 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 "Live Well Kent and Medway" service. The agreed portfolio in Dartford, Gravesham and Swanley and Medway consisted of: Individual Placement Support a new service, funded through the Live Well Kent and Medway initiative, in Dartford, Gravesham and Swanley Money Guidance Services- a new setvice. funded through the Live Well Kent and Medway initiative, in Dartford, Gravesham and Swanley, and in Medway Development Services also comprised.. SUN- Service User Nelwork a new se1 providing peer support targeting those with EUPD UKSPF- supporting people to get back into work and training Counselling and Therapy Services: These provided" Individual Counselling Group Therapy Anger Management Courses. Supported Housing: We continued our policy of ensuring any new tenancies arising are let only 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 continued to provide Support i+Vorkers to the hostel run by Gravesham Borough Council, We became involved in a new initiative was developed to support Rough Sleepers in Dartford- DRSPP, Dartford Rough Sleepers Partnership Project
North Kent Mind Report and financial statements For the year ended 31 March 2025 Children and Young Persons This department continued to experien expansion. indicating that it is clearly responding to a need. In comparison to other departments within North Kent Mind, this service in particular is open to a number of funding streams, including the education departments of KCC, and Medway Council, the individual schools themselves, national Mind (Schools and Colleges Extra Support Service) and potentially a number of other regional or national funders. 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" Friendship Group. Funded by Dartford Council, this is an online Saturday peer supportlsocial group. Ecology Island. An award-winning ecological activity group based in Darenth Country Park and the Promenade in Gravesend. Men's Group- Funded by North Kent Mind supporting emotional dialogue and resilience for men Trainee Placements Within this year we continued to provide placements to Student Social Workers and Trainee Counsellors-. FINANCIAL REVIEW The charitable company's incoming resources for the year ended 31 March 2025 totalled £2,060,412 {2024- £3,172,061). Resources expended totalled £1.984,893 (2024. £3,227,346), resulting in a total net surplus of £75,519 (2024. deficit £55,285). At the year end, a pension liability arising from obligations to a multi*mployer defined benefit pension scheme has been recognised at a figure of £5,758 (2024: £2,346). • 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 offree reseNes they considerthe charity should hold in order for all existing and planned activities to be financed. With significant amounts of money being invoiced to the NHS on a monthly basis, there was also a need to hold reserves sufficient to cover any cash-flow issues when payments from this source, or elsewhere, are delayed. 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. sin the previous year's review, the Charity expanded in both workload and personnel. The trustees were 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. As at the year ended 31 March 2025, the figure in free unrestricted reserves (that is unrestricted reserves represented by net current assets) was £954,330 (2024= £1,115,759) A figure of £129,901 (2024.. £77,926) 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. However, forecasts for the year 2024 - 2025 show a radically different weighting to previous
North Kent Mind Report and financial statements For the year ended 31 March 2025 years, due to the news that the re-procurement exercise for the NHS Talking Therapies resulted in all Lots in Kent and Medway was given to the private company of Vita Health Care, to the detriment of the previous charities, including North Kent Mind. Our organisation therefore had to readjust to a loss of approximately 500/0 of its income. Because of this, forecasts for 2024-2025 show Income from rents and Enhanced Housing Management as bringing in 30.4 % of income, Live Well Kent and Medway 19.5 % various CYP income 15,320/0, Client Contributions to the Counselling Therapy servi 13.80, Medway Council 11.9 %, Gravesham Borough Council 6.4 % PLANS FOR THE FUTURE Future developments Given the loss offunding from the NHS, North Kent Mind's Senior Leadership Team and Trustees implemented a number of changes to ensure the regrowth of the organisation. These include. A restructuring of the organisation with some redundancies and some retirements. An expansion of Counselling and Therapy seiceS to include a higher level of client contributions. Continued expansion of the CYP Servi to capitalise on funding available. Managed expansion of the Supported Housing Service to take on 8 new units made available by other providers closing. Creation of a new Service Development Team Development of the organisations external Training Service. Further Investigation and appropriate application to any appropriate new funding opportunities. At the same time, the organisation purchased the Almshouses in DartFord, which it has rented for the last 30+ years. Statement of responsibilities of the trustees The trustees (who are also directors of North Kent Mind for the purposes of company law) are responsible for preparing the Trustees, Annual Report, including the strategic 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 which give a true and fair view of the state of affairs of the charitable company and of the incoming reSoUrS and application of reSoUrs, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP. Make judgements and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
North Kent Mind Report and financial statements For the year ended 31 March 2025 Statement as to disclosure to our auditors In so far as the trustees are aware-. There is no relevant audit information of which the charitable company's auditors are unaware,. and The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Auditors Goldwins were appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity. The trustees, annual report has been approved by the trustees on behalf by- 08.12.25 and signed on their Lyndsey Stukalov-stone (Chair)
Independent auditors, report To the members of North Kent Mind For the year ended 31 March 2025 Opinion We have audited the financial statements of North Kent Mind (the'charity,) forthe year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements- give a true and fair view of the state of the Charity's affairs as at 31 March 2025 and of its income and expenditure for the year then ended" have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordan with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordan 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 Charity 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 charity's ability to continue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent othemise 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 otheiSe appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report (incorporating the directors, report} for the financial year for which the financial statements are prepared is consistent with the financial statements., and the trustees, report (incorporating the directors, report) have been prepared in accordance with applicable legal requirements.
Independent auditors, report To the members of North Kent Mind For the year ended 31 March 2025 Matters on which we are required to report by exception In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us., the financial statements are not in agreement with the accounting records and returns., certain disclosures of trustees, remuneration specified by law are not made" or we have not obtained all the infomiation and explanations necessary for the purposes of our audit. Responsibilities of the trustees As explained more fully in the trustees, responsibilities statement, the trustees 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 they determine is necessary to enable the preparation offinancial 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 Charity'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 Charity or to cease operations, or have no realistic alternative but to do so. Our 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. Irregularities, including fraud, are InStanS of non-complian 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 prOdureS are capable of detecting irregularities, including fraud are set out below. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our prOdureS included the following.. We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. We inspected the minutes of meetings of those charged with governance. We reviewed the financial statement disclosures and tested these to supporting documentation to assess Complian with applicable laws and regulations. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgments made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. IwvM.frc.org u klaud itorsresponsibilitiesl. This description forms part of our auditorfs report.
Independent auditors, report To the members of North Kent Mind For the year ended 31 March 2025 Use of our report This report is made solely to the Charity'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 Charity'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 pemitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's members as a body. for our audit work, for this report, or for the opinions we have formed. Anthony Epton Isenior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG 9 December 2025 10-
North Kent Mind STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) For the year ended 31 March 2025 Unrestricted Restricted funds funds Totsl funds Total funds 2025 2025 2025 2024 Notes Income from: Grant and donations Charitable activities Investment income 40,874 1,935,872 24,894 40,874 58,772 1,994,644 24,894 43,744 3,109,534 18,783 Total income 2,001,640 58,772 2,060,412 3,172,061 Expenditure on: Raising funds Charitable activities 9,814 1.959,880 9,814 1,975,079 2,532 3,224,814 15,199 Total expenditure 1.969,694 15,199 1,984,893 3,227.346 Net incomel(expenditurel for the year 31,946 43,573 75,519 (55,285 Transfers betsyeen funds (8,402) 8,402 Net movement in funds 23,544 51,975 75,519 (55,285 Reconciliation of funds: Total funds brought fomard 16 1,119,902 77,926 1,197,828 1,253,113 Total funds carried forward 1,143,446 129,901 1,273,347 1,197,828 All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes fom part of these financial statements. 11
North Kent Mind BALANCE SHEET As at 31 March 2025 2025 2025 2024 2024 Notes Fixed assets: Tangible assets 10 441,307 4,143 Current assets: Investments Debtors Cash at bank and in hand 346,635 251.802 637,989 1,236.426 333,819 655,397 341,651 1,330,867 12 Liabilities: Creditors.. amounts falling due within one year 13 152,195 137,182 Net current assets 1.084,231 1.193,685 Creditors.. amounts falling due after one year 14 (252,191 Total net assets 1,273,347 1,197,828 Funds: Restricted funds Unrestricted funds.. General fund 16 129,901 77,926 16 1,143.446 1,119,902 Total funds 1,273,347 1,197,828 ApDroved bv the trustees on 08.12.25 2025 and signed on their behalf by: Lyndsey Stukalov-stone Trustee Company registration number .' 05093370 12-
North Kent Mind STATEMENT OF CASH FLOWS For the year ended 31 March 2025 Note 2025 2025 2024 2024 Net cash providedl(used) by operating activities 17 712,968 {112,1171 Cash flows from investing activities: Purchase of tangible fixed assets Interest I rent I dividends from investments Salel (purchase) of investments (441,524) 24,894 18,783 (333,819) Cash {used in) investing activities 416,630 315,036 Change in cash and cash equivalents in the year 296,338 (427,1531 Cash and cash equivalents at the beginning of the year 341,651 768,804 Cash and cash equivalents at the end of the year 18 637,989 341,651 13-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 1 Accounting policies 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 (Charities SORP FRS 102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. Public benefit entity The charitable company meets the definition of a public benefit entity under FRS 102. Going concern The trustees consider that there are no material UnrtaIntieS about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether'capital. grants or'revenue, grants: is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be reiVed and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is nomially upon notification of the interest paid or payable by the bank. Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity- Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. Expenditure Expenditure is recognised On there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it. as well as the cost of any activities with a fundraising purpose. Expenditure on charitable activities includes the costs of delivering services and activities undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading. Expenditure includes attributable VAT which cannot be recovered. 14-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 1 Accounting policies Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governan costs which support the charitable activities. These costs have been allocated beeen cost of raising funds and expenditure on charitable activities. Operating leases Rental charges are charged on a straight line basis over the temi of the lease. Tangible fixed assets Items of equipment are capitalised where the purchase pri eXedS £1,000. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows= Fixtures and fittings 200 on reducing balan. Freehold property 50 years straight line. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exptIOn of bank loans which are subsequently measured at amortised cost using the effective interest method. Pensions The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 15-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 March 2025 2 Detailed comparatives for the statement of financial activities Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Income from: Grants and donations Charitable activities Investment income Total income 43,744 2,968,984 18,783 3,031,511 43,744 140,550 3,109,534 18,783 140,550 3,172,061 Expenditure on: Fundraising Charitable activities Interest Total expenditure 2,532 3,108,382 192 3,111.106 2,532 116,240 3,224,622 192 116,240 3,227,346 Net incomel{expenditure) for the year (79,595) 24,310 (55,285) Net movement in funds (79.595) 24,310 (55,285) Reconciliation of funds: Total funds brought forward 1,199,497 53,616 1,253,113 Total funds carried forward 1,119.902 77,926 1,197.828 16-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 March 2025 3 Grants and donations Unrestricted 2025 Restricted 2025 Total 2025 Total 2024 Grants and donations 40.874 40,874 40,874 40,874 43,744 43,744 4 Income from charitable activities Unrestricted 2025 Restricted 2025 Total 2025 Total 2024 Housing services Well-being services Fee paying services Employment services NHS psychological therapies Trainees Children and young persons Small projects 699.670 257,080 110,207 327,292 699,670 257,080 110,207 327,292 452,562 457,453 50,162 309,655 1,167,599 275,591 368,850 27,662 58.772 1,994,644 3,109,534 58,772 58,772 541,439 541.439 1,935,872 5 Income from investments Unrestricted 2025 Restricted 2025 Total 2025 Total 2024 Bank interest 24,894 24,894 24,894 24,894 18,783 18.783 17-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 March 2025 6 Expenditure on charitsble activities 2025 Direct 2025 Support 2025 Total 2024 Total Summary by fund type: Housing services Well-being service Fee paying services Employment ServIS NHS psychological therapies Trainees Children and young persons Small projects Other supporting activites 520,791 180,131 96,982 224,602 3,648 (3,574) 305,926 203,476 66,051 26,891 90,389 724,267 414,926 246,182 466,295 123,873 65,073 314,991 252,504 3,648 1,330,002 (3,574) 298,014 438,037 360,018 37,982 132,111 127,655 127,655 646,573 1,975.079 3.224,814 1.328,506 Support costs 646,573 (646,573) Total charitable expenditure 1,975,079 1,975,079 3.224,814 Of the total expenditure on charitable activities above £15,199 (2024-. £116,240} was restricted and £1,969,694 (2024. £3,111,106) was unrestricted. Direct costs 2025 2024 Project costs Computer costs Volunteers Rent Depreciation Repairs and maintenance Telephone Other office costs Travel costs Therapist costs Management fees Wages and salaries 189,730 72,695 43,658 828 26,729 1,282 12,854 1,500 9,114 2,500 27,842 9,165 63,057 14,790 2,118 52,333 12,983 127,383 29,017 1,011,462 2,126,669 1 328 506 2,509,203 18-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 March 2025 6 Expenditure on charitsble activities Support costs 2025 2024 Rent Light and heat Repairs and maintenance Depreciation 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 Trustee expenses Auditor's remuneration Other support costs Interest on loan 51,648 22,078 7.968 2,860 2,746 17,012 13,045 30,428 7,109 16,929 19,552 11,014 245 2,493 386,500 42,651 34,521 9,408 2,008 14,323 10,715 11,451 37,090 9,931 19,324 37,410 21,405 382 5,251 438,436 10,872 1,107 9,134 2,311 14,750 32,341 5.544 646,573 715,419 19-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 Net income l (expenditure) for the year This is stated after charging= 2025 2024 Depreciation of tangible fixed assets Pension Cost Operating Lease Rental Auditor's remuneration 4,360 35,212 51,424 10,000 2,008 59,458 51,540 7,875 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel 2025 2024 Staff costs were as follows.. Salaries and wages Social security costs Employerfs contribution to defined contribution pension schemes 1,263,055 2,307,989 99,695 197,658 35,212 59,458 1,397,962 2,565,105 The following number of employees reiVed employee benefits (excluding employer pension and national insurance contributions) during the year beeen= 2025 No. 2024 No. £60,000 to £69,999 The total employee gross salary and benefits, including the employerfs national Insuran and pension contributions of the key management personnel were £100.809 (2024.. £146,131). Staff numbers The average number of employees during the year is as follows: 2025 2024 Housing seNices Wellbeing Fee paying services Employment services IAPT Central management Children and young persons Small projects 14 13 16 34 19 12 14 64 103 Taxation The charitable company is exempt from corporation tsx as all its income is charitsble and is applied ft)r charitable purposes. -20-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 10 Tangible fixed assets Fixtures, Motor Fittings & Vehicle Equipment Freehold Property Total Cost At the start of the year Additions in year At the end of the year 6,000 2,034 3,925 5,959 8,034 441,524 449,558 437,599 437,599 6.000 Depreciation At the start of the year Charge for the year At the end of the year 2,875 1,500 4,375 1,016 672 1,688 3,891 4,360 8,251 2,188 2,188 Net book value At the end of the year 435,411 1.625 4,271 441,307 At the start of the year 3,125 1,018 4,143 All of the above assets are used for charitable purposes. 11 Current asset investments 2025 2024 Cash on deposit 346,635 346,635 333,819 333,819 12 Debtors 2025 2024 Fees for services Prepayments and accrued income 227,119 24,683 251,802 516,424 138,973 655,397 21
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 13 Creditors: amounts falling due within one year 2025 2024 Amounts due to suppliers Other creditors Deferred income Bank loan Multi-employer pension scheme deficit contributions 9,313 32,294 77,324 33,264 68,859 30,968 35,009 2,346 137,182 152,195 Deferred income 2025 2024 Balance at the beginning of the year Amount released to income in the year Amount deferred in the year Balance at the end of the year 35,009 122,178 (35,009) (122,178} 77,324 35,009 77.324 35,009 14 Creditors: amounts falling due after one year 2025 2024 Bank loan 252,191 252,191 15 Analysis of net assets between funds Unrestricted Restricted funds funds Total funds 2025 2025 2025 Tangible fixed assets Net current assets Creditors due after one year Net assets at the end of the year 441,307 954,330 252,191 1.143,446 441,307 1,084,231 252,191 1,273,347 129,901 129,901 Analysis of net assets between funds for the previous reporting period Unrestricted Restricted funds funds Total funds 2024 2024 2024 Tangible fixed assets Net current assets Net assets at the end of the year 4,143 1,115,759 1.119,902 4,143 1,193,685 1.197,828 77,926 77.926 -22-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 16 Movements in funds At 1 April 2024 Income & Expenditure gains & losses At 31 March 2025 Transfers Restricted funds: Ecology Island Project UKSPF Friendship Group Grant Donations for Housing Men's Suicide Prevention Group MIND Resilien Programme Voluntary Sector Alliance Lead Swanley Lane Garden Wellbeing Services Imroc training grant Core 20 plus 50 interventions Other restricted funds Total restricted funds 7.873 7,873 53,131 3,982 369 8,461 44,828 53,131 5,298 369 6.951 46,178 (1,316) 3,000 (1,490) (1,350) (11,000) 11,000 and 1,357 1,357 9,900 9,900 8,359 43 8,402 129 901 Unrestricted funds General funds 1,106,532 2,001,640 (1,967,694) {8,402) 1.132,076 Designated funds Housing Sink Fund Fee Paying Hardship Fund Options Fund 12,000 1,096 274 (2,000) 10,000 1,096 274 Total unrestricted funds 1,119,902 2,001,640 1,969,694 8,402 1,143,446 Total funds 1,197,828 2,060,412 1.984,893 1,273,347 -23-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 16 Movements in funds for the previous reporting period At 1 April 2023 Income & Expenditure gains & losses At 31 March 2024 Transfers Restricted funds: Ecology Island Project NW Kent Carers Aspirations Friendship Group Grant Donations for Housing Men's Suicide Prevention Group Let's Stay in Touch Project MIND Resilien Programme Covid Control Infections Funds Housing Kent Minds Connector Fund SCESS - Schools Project Help Through Hardship Fund Swanley Lane Garden Wellbeing Services Imroc training grant Core 20 plus 50 interventions Total restricted funds 3,229 6,618 (1,974) (1,344) (22,776) (627) 7,873 22,776 5,925 369 6.951 1,037 8,788 1,622 5,298 369 6,951 1,055 (2,092) 37,390 46,178 (1,622) 1,379 (1,379) (40,870) (29,277) (339) 40,870 66,667 1,500 (37,390) and 196 1,357 13,940 9,900 140 550 (13,940) 9,900 116240 Unrestricted funds General funds 1,185,876 3,030,973 (3,110,317) 1,106,532 Designated funds WB servi Activity Fund Housing Sink Fund Fee Paying Hardship Fund Options Fund 334 12.000 1.287 (334) 12,000 1,096 274 (191) (264} 538 Total unrestricted funds 1,199.497 3.031,511 3.111,106 1,119,902 Total funds 1,253,113 3,172,061 3,227,346 1,197,828 Designated funds WB Service Activity Fund This fund is comprised of contributions from seNice 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- Coping with Life {West Kent Mind) - This fund is in partnership with West Kent Mind to provide well-being services. 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 neSSIty requires. -24-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 16 Movements in funds Designated funds Fee paying hardship fund The Board have set aside funds to provide support for users of fee paying services in difficult circumstances. Options 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 organise and then the organisation supports them to achieve it. 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 leam new skills In a supported environment, outdoors in nature. Examples include bushcraft, campfire c¢)oking, 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. Aspirations Aspirations provides one to one support, based around a person's individual goals, for those who want to make a change. Idvhether 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 beeen 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. 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. 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. Let's Stsy in Touch Project - A project to provide residents of the supported living accommodation with access to intefflet and other telecommunications support. Funding was provided by the Hyde Foundation. MIND Resilience Programme - Funding was reiVed to provide Social Media Resilien Coaching to those in need. Covid Control Infections Funds Housing Funding was received via Porchlight to be utilised ft)r any additional costs incurred during the administration of the support living houses during the Covid pandemic. Digital Transfonnation Fund A project funded by national Mind to enable a consultation and development of the organisation's Customer Management Relations SOfare system. Funding the introduction of Lamplight for Central serViS. Kent Minds Connector Fund Funding from national Mind to support local Minds to work more collaboratively. Allowing and encouraging North Kent Mind to work with Minds across Kent to compile and Identify joint bids and joint pieces of work. SCESS - Schools Project - Funding for the Schools and Colleges and Early Support Service program to provide well- being SeNiS in schools. -25-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 16 Movements in funds Restricted funds Help Through Hardship Fund - Funding to provide free advi for those struggling with the cost of living crisis. UKSPF- This is the UK Shared Prosperity Funding, we delivered 'lnspirations', an employment support project in Medway and Gravesend. Swanley Lane Garden and Wellbeing servIs benefits in relation to our Swanley garden. IMROC Training Grant- Funding was received to facilitate peer support for staff and volunteers. Core20Plus5 interventions- Funding from the NHS to run three projects across the Dartford, Gravesham and Swanley area to deliver non-NHS based activities and ServIS to redu health inequality. Funding to encourage gardening and its wellbeing 17 Reconciliation of net income l {expenditure) to net cash flow from operating activities 2025 2024 Net surplusl(deficit) for the reporting period (as per the statement of financial activities) Depreciation Interest received (Increase) I decrease in Current Investment (Increase) I decrease in debtors Increase l (decrease) in creditors Net cash provided by l (used in) operating activities 75,519 (55,285) 4,360 (24,894) (12,816) 403,595 267,204 712,968 2,008 (18,783) 69,897 1109,954) {112,117 18 Analysis of cash and cash equivalents At 1 April 2024 Cash flows Other At 31 March changes 2025 Cash at bank and in hand Total cash and cash equivalents 341,651 341,651 296,338 296,338 637,989 637,989 -26-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 19 Pension commitments The Charity participates in 'The Growth Plan, pension scheme, operated by The Pensions Trust, which is a multi- employer scheme which provides benefits to some 638 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 Charity 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 2023. This actuarial valuation showed assets of £514.9m, liabilities of £531.Om and a deficit of £16.1 m. To eliminate this funding shortfall, the Trustee and the participating employers have agreed that additional contributions will be paid to the scheme as follows= Deficit contributions: From 1 April 2025 to 31 January 2028.. £2100.000m per annum (payable monthly) Note that the scheme's previous valuation was carried out with an effective date of 30 September 2020., this valuation showed assets of £800.3m. liabilities of £831.3m. and a deficit of £31.6m. To eliminate this funding shortfall, the Trustees and the participating employers had agreed that additional contributions would be paid, in combination from all employers, to the scheme as follows.. From 1 April 2022 to 31 January 2025.. £3.312,000 per annum (payable monthly) Vvhere the scheme is in deficit and where the Charity has agreed to a deficit funding arrangement the Charity 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 finan cost. Present values of provision 2025 2024 Due within one year Due after one year Total present value of provision Reconciliation of opening and closing provision 5,758 2,346 5,758 2,346 Provision at start of period Unwinding of the discount factor (interest expense) Deficit contribution paid Remeasurements - impact of any change in assumptions Remeasurements - amendments to the contribution schedule Provision at end of period 2,346 62 (2,392) 36 5,706 5,758 -27-
North Kent Mind NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 19 Pension commitments Income and expenditure impact 2025 2024 Interest expense Remeasurements - impact of any change in assumptions Remeasurements - amendments to the contribution schedule 62 36 5,706 192 Costs recognised in income and expenditure account 194 Assumptions 2025 2024 Rate of discount 4.84 % 5.310/0 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. 20 Related party transactions There were no related paty transactions to disclose for the year. -28-