Hertfordshire Network Charity Registralion No. 1112487 Company Re9iStrntion No. 5532977 (Éngland and Wales HERTS MIND NEfwoRK UMtrED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 •AC8A8QIE A18 2Y0712023 COkANIES H¢WSE
59
HERTS MIND NETWORK UMrrED LEGAL AND ADMINISTRATIVE INFORMATION Btsard Of Dirertors Jess LieVes1 {Chair) Erika Linhares de Paula (Wice Chair) Elena Lokteva (Treasure RitLb Sharma IBoard Secretary) Siobhan Nundram Helena Marks-Dvryer Will Lewis Mark Craigen Omar Daniels Thalia-Rose Carter Luke Oonovan-Kir4J Tracey Carter Lauren Schog9er IAs50ciate Oirectorl Bhavdeep Oberoi IAss¢xiate Director) {Resigned 16 Augwst 20221 {Re5igned 16 August 20221 (Appoirnied S October 20221 (Appointed 5 October 20221 (Appointed 5 October 20221 (Appointed 5 October 20221 (Appointed 5 October 20221 Kèy management personnel Joanna Marovitch- Chief Executive Hilary Lythgoe Carys Norman Danielle Lw Clarè Rennett Alex Hunter {Resigned 29 November 20221 Charity number Cornpany nufflr 1112487 5532977 RÈgi5tered offire 501 St Albans Road Watford Herts W024 7RZ Auditor frAyers Clark Chartered ACcntants Egale I 80 St Abans Road Watford WD17 IDL Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mallin9 Kent ME194JQ Solidtors SALawLLP 60 London Road Si Mbans erts AU ING
HERTS MIND NEfwoRK UMtrED CONTENTS Page ststernent of direct¢)rs' re$FnSibilitieS Directors, report 2-11 Independent auditorfs report 12-14 Statement of financial activities 15 Balance sheet 16 Statement of cash flows 17 Notes to the financial statements 18-34 Appendix 35-36
HERTS MIND NETWORK UMITED STATEMENT OF DIREcfoRS' RESPONSIBILMES FOR THE YEAR EIVDED 31 MARCH2023 The Board of "rectOr* who are also the directors of Herts MiThl Network Limited for the purpose of company law, are responsible for preparing the Directors, Report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company Law requires the Board of DiTertors to prepare financial statements for each financial year whieh give a true and fair view of the state of affair5 of the charitable company and of the incoming SoUrceS and application of resovrces. including the income and expenditure. ol the Char[tab company for that year. In preparing these financial statements, the Board of Direciors a required to.. - select suitable accounting policies and then appty them con5i5tenty, - observe the methods'and principlès in the Charities SORP. rnakeiudgements and estimates that are reasonable and pnJdenL state whether applicable UK Accwnting Standards have been followed. subject to any material dep3rture5 disclo and explained in thÈ finarKial aternit and prepare the financial statements on the going concem ba%s unless it is inappropriate to presume that the charitable c¢mpany will continue in operati. The Board of Directors are responsible for keepirbg adequ31e accounting records that disclose with reasonablè accuracy at any time the financial position of the charitable company ènd enable them to ensure that the financial statements compty wrth the Companies Att 2(XJ6. They are also responsible for safeguardin9 the assets of the charitsble company and hence for takiry reasonable sieps for the prevention and detertion of fraud and other irregularitits. In so far as the director5 are aware.. there is no relevant audit information of which the charitsble company's auditor is unawafe,. and thè directors have taken all steps that they ought to have taken to make themselves aware of any relevant udit information and to establish that the auditor is aware of ihat information.
HERTS MIND NETWORK UMrrED DIREcfoRS' REPORT FOR THE YEAR ENDED 31 MARCH2023 The Board of Directots present their annual pOrt and financial statements for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charitable company's goveming documenL the Companies Act 2006 ènd "A¢covnting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities prèparing their accounts in ac¢ord•rKe with the Financial Reporting Standard applicable in thè UK and Republic ol Ireland ISORP FRS 1021 leffectt l January 20191". GOVERNANCE.. CONSTITUTION. sTrucfuRE AND MANAGEMENT OF THE CHARirY Herts Mind NeOrk Ltd 1.the Chari1 is a company limited by guarnntee having been registered in August 2C4)5 under the name of Mind in Dacorum Ltd (name change in Au9USt 2(M)7). As a re9iStered charity. it is governed by its Memorandum and Articles of Associalion and the trust deed utk%er W"(h it was originally set up. The Charity began operating as a company limited by guarantee on l April 26. The Board of Direttors i-lhe Boardl comprises twelve people includirg a proportion of users of mental health setvices. Recruitment 10 the board takes pLice periodKally a5 needed, and anyone from the community can apply for these roles. Nomination of candidates foi election to the Board is open to the whole membership, and ballot is held annually at the AGM to elect those who wsh to stand for Officer posts. Members wishing to be onsidered for electjon to the Board are able to approach an Officer during the year for a discussion of the roles and re5pon5ibilitie5 Of a Director. Following thi5 di5CUS5ion. the member may be introduced to the Boa¥d and observe a number of board meetings. The member may then be co-opted onto the Board in the interyening period belore the fie AGM where they v•ill be forma15y appointed by the membership. Job descriptions exist for each OfFicer positioTh and a fLtII briefing is gNen abovt the roles and iesponsibilities when a Director is first appointed. Ongoing training is given to Directors as and vthen required. The Dirertors are responsible for all operational decisions tsken by the Charity, including allocation of resourcès in pursuit of its charitable objethves although some of these decisions are devolved to the Chief Executive and the senior members of staff. A Delegation of Authority document ext5ts in re]aiion to those areas where decision-making has been devofved to staff. for example in relation to ordering of goods and seryices. The Charity works in partnership wth other organisations including Mind in Mid Herts, AGE UK and HPFf where th¢s is ihè most èffective way to providè services across the county. rhe Charity h•J a subsidiary compaw, Herts Business Mind Ltd, but this company was dissolved on 10 May 2022. FINANaAL MANAGEMENT AND CONTROL During thi5 tsvefv*month period (April 2022- March 20231, the Charity has undertaken a wide range of activities in pursuit of ils chariiable objectives. To help mènage these artivitie% arbnu31 bud9et5 for the following year a prepared. presented to and agieed by the Board. To support the f5nancial Te9ime, clèarly wittten policies about what activities will be funded and how. have been prepared and communicated to all involved. The Board receives monthty management accounts reporting on the financkil performance and position of the organisation. These are presented to the Board and Compa updated forecasts for the expected year-end position in the light of performance in the year to date, compared to budget The Board is presented wtth a narrative provided by the Treasurer aThJ focuses on reasons forvariation from budget. GOING CONCERN The Directois have a responSi'11ty to make sure that the Charity.continues in existence lof the foreseeable futu lat leasi 12 months from signin9 these accounts) and to do so thty havè to be sure that they aayS have suflicient funds not only to pay the Charity's bills as they fall duè but also to fund commitments to future capitsl expendilufe. This is known as being a"90ing concem" The Charity's review of Going Concem was extensNe and extended to 'stress testing, for the direu financial impact of an increased cost of living and inflation. Thè tyjtcome of these review5 Show that these events w<¥Jld be challenging for the Charity but in the Dirertor5 opinion would not compromise ihe ChariW5 ability to continue a5 a Going Concern.
HERTS MIND NEfwoRK UMITED DIREcfoRS' REPORT FOR THE YR ENDED 31 MARCH2023 RISK MANAGEMÉNT Attention continues to be given to the major strategic, busines5 and tiyrational risks which the Charity faces. and believes thai maintainin9 adequate levels of reserves. combined with an annual rewew of contiols over key financial systems, will provide sufficient resources in the event of adverse conditions. To attend to risk managemenL the D1CtOrS have PrePad and wularty reeW an organisaiional risk management policy. AaS of risk have been broken down with responsibilty for each section allocated to individual Direclors or members of the senior managernent team. Some of the key risks that the Charity has included in its policy are.. ri5k5 ver reliance on a sin le funder ompetition for contracts and tende Plans to man e ihe risks ncrease the number of non-staluto fvnders nsure that we c¥eate service models that aTe ffective. competitive. innovative and responsive to ocal need. nsure that our system is robust and meets the eeds of a rowin or nisation. C ber securi aintain and develop collaborativè. honest and ffective commissioner relationships by éeliverin9 igh quality seryices that meet the needs of our local ommunities. ork with ConsUants, ensure all staff art awarè of ndividual responsibilitie5 and repvrting. comply with islation and r ulations ollow legal advice. Implement and adhere to olicies. stsff trainin wareness of chan es in ovemment ocus on staff wellbein9. Ensure good trainin9 and evelopment opportunities. Recfuiiment review in ro ress Sy5tem5 and cybef crime Relationship with funders Healt Safety and the Enwronment 0551 misuse personal data taff recruitment CHARMES AND PUBUC BENEFrr The Dirertors of HMN have ad the guidance issued by the Charity Commission for England and Wales on 'Charitie5 and Public Benefif. The Oirectors confirm that the objects of the charw fulty comply this guidance and further information is set out below. RESERVES POUCY The Directors ensurè that reseryes are maintained at a level that enab the Charity to meet its ongoing obli9ations as well as rnanaging financial risk and fluctuating Income, as it seeks to rnaintain existing charitable activities and develop new ones. Transfers are made from reslricted fvnds to iJnre5trirted fund5 to cover thè agreed contribution to their general running costs. The Directors have determined that unrestricted reserves amounting to at least £650,000 should be maintained to enable the Charity to cover the costs of on-going obligations in the event that the Charity can no longer 5UPPOrt its Service offerings or contrarted services cease. This amount is considered to address committed costs for a ran9e of items lor a period of three months. This level of reserves enables the Charity to fund working capital requirements, retain experienced staff durin9 short term funding gaps and acquire fixed assets to be used over a number of year& Thi5 level will be revièwed annual to ensure it is still appropriate. The Charity maintains fijnds in longer term investment accwnts where such furKls are rK)t required for day io day activities. This provides security to the orgar¥sation arKI provides some additK•nal interest retu
HERTS MIND NEfwoRK UMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH2023 FINANCIAL posmoN ring the year ended 31st March 2023. totsl income was £4,389,212022.. £3,093,082), and total expenditure was £4.190,773 12022.. £3,011,314). The reseryes of the Charity in(aSed by £193.129. FUNDPAJSING The majority of HMN'S income is defNed from contracts and grants. The organisation also receive5 income from social enterprises detailed below, donations and legacies. Therè are static collection boxe5 at various locatTrons in Hertfordshire and the ability for people to donate to and organise fundraising events in sUPPQrt of us wa our Wete and through a Herts Mind Netsrk Just Giwng page. There is conNnercial fundraising actNty directy to the publ VISION. PURPOSE AND VALUES Our vision Our purpose l. We fight forth mntsl health of ewory petson in Hertl0th1. . We provide m•ntal health s•Jprt opportynity. ad¥ocary and resource We will elevate and promr•te thevoice of those with lived oxpeli of mental 11
HERTS MIND NEfwoRK UMrrED DIREcfoRS' REPORT FOR THE YEAR ENDED 31 MARCH 2023 Our value5 Hope WÈ b¢ve IA WlteAtiaL possiblity and opwtunity. We embrnce a culture of cvriosity and sustsinataity. We believe rn thoice. freedonK th•rge and a better future fof èvery person èxperiènciry mental ill aIt Courage We afe d¢t¢rfturd. ard vn5topple. W¢ ttarffwnatth)n and inftovatiorL •thocate for impto¥mert and itiflueKe thaAge in Hertr05hVe's mental health systefft We are Rsiient and speek lo¥diy in face of adfsity ènd iwuality, arKFi¥• fig tireltssty fth mentsi h¢•ti Together CoprodveÈion is et hea¥r or our wgani5atM Tooetherwe shate lamir43. buAd reItt?nshrps arKI CONrt Vith othef& We partJtship Ikith inrfi¥idwlx 749Luntsry sertsy Ind statutory serYTce% lo¢al ¢ryantsatioAs ar •mpanies. to gerwète new idea5 and prornte incbxK>n an6d5versityand better e{stAndIn9 oFrnent£l heavth auoss ourcrnuThty. Responsive W• are open and tl•fyarenL W• tsk• tim to list*bK trtr lear to Share •wJ tg act We adjust to cheThJe. tÈmety deusw)ns orKI are both respe¢tfuiand ¥KlusNe.
HERTS MIND NETWORK UMrrED DIREcfoRS' REPORT FOR fHE YEAR ENDED 31 MARCH2023 REPORT ON PIUNapAL AcrivrriES We provide essential mental health support in Hertfordshire. providiNJ a diverse range of services from our seven Wellbeing Centres and other venues a£ios5 all len districts of the county. Funded localty. our serrices are available to all residents in Hertfordshire overthe age of 18 and we offer dedicated seNices for 5-18 year olds. We create opportunities for individuals experieIng mèntal ill health to makè choicei hnd their solutions, build Tesilience and manage their whole life and wellbeing. OUT services aTe based on the principle of self-help with a strong emphasis on prevention, personal developmenL self-managemeni and improving health and wellbeing. We provide opportunities for individuals to access support to enable them to recover from Of live with mental ill health. Our services are grouped in thè following arèas". l. Crisis Interveniion 2. Complex Needs 3. Peer Support 4. Wellbeing and Counselling 5. Training and Education We have continued to develop the Nlghlllght countyvide out of hourfs mental health crisrs service durirg this linancial year. The centres provide a safe, homety and welcoming space for people who are feeling distressed and experiencing a crisis. Each Cent is staffed by a team of skilled and experienced non-clinical mental health workers, many of whom have a lived experience of mental ill heatth. Our Nl9hilight Crisis Helpline team is open from 7pm to lam. every day of the year. Our Nlghilight Crisis Cafés are open every day from 7pm- lam and are based in Stevenage, WatFord and Ware. The Stevenage Crisis café opened during this finanoal year and has proved to be our busiest Café. Our Nigthli9ht Crisis House is in Hemel Hempstead a1 has four l>ed spa$ that can be used if an ovemight stay would help an indNidual to resofve their crisis. The beds are available Id•pending on capacity) seven days a weel 365 days a year. These beds are available lor all Hertfordshirè iesidents. In somè circumstances ovemight stays may be discussed and a9reed with the Crisis Resolution Home Treatment Team. All ovemight stays are reviewed daily. however. in most cases we envisage individuals VAII stay up to 3 nights. This is assessed and agreed on an individual basi5. The A8ÉE Crisis Liaison S*r¥i<• is delivered in partnership vlith Mind in MMI Herts to provide support to Lister and Watford General Hospital A&E staff to impfove crisis care pathways for adults who a experiencing a mental health crisis. Our A&E knnk Workers support adults to access alternatwe mental health crisis suppo¢ including our Nightlight Crisis.Service, particularfy where it will be helphjl for the indiwdual to leave the hospital setting and be welcomed into a calmer. quieter enwronment. Daylr9ht provides communty outreach crisis support to individuals aged 18 or over across Hertfordshire. Through groups and one-to-one supporL our Daylight workers support Individuals for an average of4-8 weeks, facilitating access to community support to help indNiduals manage their mental health crisis within the community. With the expansion of the Crisis House to 2417 in 2022-23, our Da1ght Workers are based here.
HERTS MIND NETWORK UMtrED DIREcfoRS' REPORT FOR THE YEAR EIVDED 31 MARCH2023 REPORT ON PRNapAL AcfivrnES {CONTINUED) 2. Complex Needs We are experienced providers of complex need5 services within the county. Our Community Support Services provide advice, informatiorn onward referral and holistic support to people who are expefiencing mentsl ill-heahh or need help wth their mental wellbeing. These teams provide one-to-one outreach support in a variety of areas such as.. emotional and practical support." housing need." benefits,. access io seThites,' signposting,. help to reduce episodes of crisis and LNJildiNJ life skills. In Three lknvers we also provide intensive support for people experiencing domestic abuse Our Stepping Stones service was rernodelled and renamed during 2022-23. The nY named Bounce Back seThice forrns an inte9ial part of Hertfordshire Mind Nelw<>rk's14MNI Comrnunity knice5. providing one-to-one outreach support to lacilitste a Smooth, tirnety and supportNe discharge from hospital back into the community. During this financial yeaf this service has expanded to provide 5UPFM)rt within Kingfisher Courl banY Lod9e. Lister Hospitsl and Watford General A&E. Our counwide Flourish setvice is here to prowde adwce. infonnation. onward referral and holistic support to refugees and asylum seekers who are experiencing challenge5 that are imparting their mental health. The seNice pr¢)vides person-centred one-to-one 5UPPOrt to help indiwduals settle in the UK. It is available to those aged 16 and above. offering up to ten sessions of holistic supporL The Housing Svpport Service is here to provide housing advice. inf0mty"0n, representstions, omvard referral and holistlc 5UPPOrt to people who aTe experiencing mental ill-health or who need help with their mental wellbeing and housing Issues. Our Complex Neèds Housing SL)rvi¢• prowdes advKe, inforrnatiorn onwaid refèrral and IKJlistic support to people who are experiencing mental Ill health or need support with their mental wellbeing. The service is for clients who are presenting to the housing teams a5 homeless at Districi and Borough councils. We work alongsiée the person to develop a tailored package of support that meels their needs working wth them to find. the 501utions that are right for them. The Domstic Abus Ser¥i¢e is now available across the county. Our Oorne5tic Abuse Caseworker can prowde 5UPPOrt to anyone over the age of 18 who is experiencing doffle5tic abuse. We deliver an easy-to-èccess, high qLtality service, providing a range of support, based on the needs and $he5 ol the individual. We will listen wiihoutiudgement and wll help the person to explore their option5 and make their own choice5, tsking artions at a pace that is right for them. We can also help indwiduals to access alternative accomrTK)datior4 safety planning and access to health tare if needed. Our Primary Care Network Service 15 here to prowde advice. information, onward referral and holi5tiC SUPPOrt to individua15 who are experienthng mentsl ill heahh and would like to access 6-10 sessions ol tailored one-io-one support to improve their wellbeing. The team WO ch)sety v•ith local GP practices. ensuring that indNiduals can access the support that is right for the 3. Peer Support Our CountyWe P¢er Support SeThice offers flexible support for adutrs experierKirwJ mental ill heatth and ihose that care foi and support them. The service is staffed by a team of Peer Support workers vtho have a INed experience of mental ill health and will work in collaboration with clients to develop an individualty-talored package of support that meeis their needs. Through providing safe and acptIng 1."1 suppoo Peer Support Groups arKI Peer Leaming Coutses, the service enables clients to explore their strengths ar resources and find 501utions. We also pfovide a Peer Mentoring Servicé. This semce ts staffed by trained volunteers who offer up to 12 sessions of person.centred one-tO•one support. voluntee prowde emotional and Prnttical support and can do so lace-to-face, by phone or on Zoom.
HERTS MIND NEfwoRK UMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH2023 REPORT ON PRINCIPAL ACnVTfiES (CONnNUED) 4. Wellbeing aftd Cwnselling A major part of our service provision focuses on prevention. acce55 to earty help and improving health and wellbeing both physicalty and emotionalty. Support lor Car$ is a key part of our prevention strategy and we offer Peer &Jpport groups, counselling and a range of other prowsion such as pottery. yoga and self-supportirg Art Our Wellbeing Centres and services are supported and enhanced by a large team of skllled and committed volunteer& The support of our vdunteers is invaluable and we wouldn'i be able to provide all of the seNces that we do without their help. Foi many volunteer5 their role also provides a stepping 5ton• bèck to leaming. training andl or employment We have continued to develop our groups arKI activr(ies throughout this period. We now now have 28 week groups across the county. includir¥J Meetin9 Placs Drama. Art Music and LGBTQ+ group We offer a wide variety of VOlb1rin9 Opportunities and strongty encourage our clTrents to engage in the training to find a placement wiihin the organi5ation. Meaningful occupation is accepted as the basis of recovery and community inclusion. Clients often use the training and work experience as the lirst step to employment working initially a few h¢)urs a week and building confidence and skills in the process. Our Wellbeing At(tss WoTktfS piomote our HMN servlces and support access 10 Statutory seThi$ through our partnership with Hertfordshire Partnership NHS University Foundation Trust. This redvces barriers to accessing Hertfordshire Mind Nehvork and Well1n9 Sernice seMces/ promoting awareness of mental health and support services available to residents of Hertfordshl. Our respecled Counselling Servicè is available at all our Wellbeing Centres. Our counselling team consists of experienced and placement counsellor5 who use a client-centred approach. We provide a supportive and confidential service and offer up to 10 counselling sessions. Anyone can make a referrnl to this seNce aThJ we are able to offer reduced fees to clients and operate a sliding Kale from £40-£10. Our LAPT Counselling Service has a team of experienced LAOT counselk)rs who can provKSe eight fe se$5ions of one-to-one covnselling, giving individuals a weekly space to reflert on their experiences in a safe and confidential enviionrnenL Referrals can be made by GP'S for Hertfordshire residents who are 16 and above. Our open access Wlth Youth seNice prowdts online support to chIldn and young people experiencing mental ill health andlof emotional distress. This is a countywide seryice available for any Hertfordshire resident aged 5- 18, as well as parents, cwerx and professional& The service helps children and young people to build resilience by working with them lo problem sofve and dèvelop toping strategies coming up wth solutions thal will enable them to improve their own health and wellbeing. We will also prowde advice and guidance to parentsifamilieslcarers and profèssionals to ensure a holistic response to svpporting the indi¥i(hJal and creating a network around them to empowef and enable positive change. As part of this seMc¢ we have partnered wilh BFB Labs to offer Young People xross Hertfoldshire fre¢ instsnt access to Lumi Nova.. Tales of Courage. a digital therapy delNered through a lun and engaging mobile game to help 7-12 years olds learn how to manage and reduce symptoms ol anxiety. Spot the Sign$ 8¢ Emotional Wellbeing Campaign Is a fully-fvnded programme offering training and workshops to children and young people ICYPI. CYWS parents/carers and professionals working with CYP. The programme provides psychoeducation. emotional resilience and signposting SUPPOrt to empower young people and the adults around them to feel confident enough to manage their mental and emotional health. Thi5 work is an integral offer within Hertfordshire's Suicide Prevention Strategy. Our new creative wellbeing space, SPARK launched. supporting 11-18 year olds to use crèative strategies to support and manage their mental health and emot¢on31 wellbeing. Jack* has Autism and Struggles to tslk to new people, make friends and communicate with their parents ar¢)vnd their gender.
HERTS MIND NETWORK UMITED DIREcfoRS' REPORT FOR fHE Y£4R ENDED 31 AIARCH2023 REPORT ON PRwapAL AcnvmES (CONTINUED) 4. Wellbeing and Counselbng (<ontirnieO) -since coming to the group. I feel more confident making friends. and fed more hopeful for the fvture: I won't always be alone. and it is important to be myself, and find like-minded people that will be there lor mo. rather than masking my identity. I feel le55 lonely... I have made friends from the LGBTQIA+ offlmunity and I have been seery urtderstood. I feel more ¢oTrfident now. and even tslked to my parents about my identsw. "Jack is an 8lia$ anonymising thisyoungperson Our Children & Young People team and our Wellbwng Access Workers help to add$5 the needs of young people and a range of other diverse groups including LGBTQ and ethnic minorities. We work with a number of sch(x)Is and voluntsry organisations in Hertfordshire and offer a rar4Je of activits.es from assemblies to rnentsl health workshops, stsff training and fundraising event& 5.Training and Edu&•tion Our step2sl courses offer a range ofwellban9 focused self-development courses for people aged 19+ designed to improve wellbeing. butld cOnffiden and gain r# skilb. Topics include overcoming ar¢ety and fear understanding an9er and other emotion% mental hearth and work, daring to dream, overcoming s¢xial anxiety. one miThJ one body. understsnding low mood and depression, and understanding self-compassion. Alongside this we delNer Mentsl Health Training and provide an extensive range of trairbing to voluntary, statutory and private sector organisations localty (and nationaltyl vlith è focus on mental health and wellbeing. Training is varied from working with Gws to be MO aware of the signs of suicide to stsff in prNate industry managing st55 more effectivety. ACHIEVEMENTS AND PERFORMANCE Durirbg thi5 ts¥elve-month period. IL533 people have accessed our seNices. We have seen a huge increase in referra15 to our 5er*i¢es during the year and have been able to respond to this increased level of need by ¢pening new service% ueating new pathways in to our seNices and working closely and Creative wth our communty partners. Adult prnvision HMN supported 4.872 adults during this twefve-month period prodIng." 1.349 Peer Mentofing sessions prowded. 2.505 Peer Support sessions provided. 1.062 Counselling sessions. 2.270 IAPT Counselling sessions 2.650 Individuals supported in crisis through HMN Crisis SeT¥ices_ 9.318 referrals into Crisis SupFK)r( inclusive of 6.557 Nightlight Crisis Helpline calls 1.876 community 5UPPOrt 5e55ion5. 354 support sessions weie provided by the Three Rivers t)OMeiC Abuse Sem'ce. 5.581 attend4n¢es at Meeting Places. 205 new Mums provided with pefinatal suppori In addition to the above service artNity, we are also part of the county%de Hertswdv Service. This 15 a service for people living with dernentia Iwth or without a diagnosisl. low-level memory loss or mild cogntlive irnpairment and thwr family, friends and carets.
HERTS MIND NEfwoRK UMrrED DIREcfoRS' REPORT FOR THE YEAR ENDED 31 MARCH2023 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) This partnership has supported= 2.860 people The have been 7889 group attendances at 1.202 groups and 654 home sIt$. 250 rI$ have been supported through the Hertswse partnership. Chlldren & Yothy People WIOn HMN supported 6.661 CYP during this fre-M0nth period prOding. broke down as follow 4.691 young people attended psychoeducational emotional wellbeing workshops held in schools and local community groijps. 36 youn9 people accessed 348 one-tOone support s•ssions provided by Herts Youth Futures between April 2022 and September 2022. 247 young people acce55ed withYOUth instant access supporL and/or L'l session& 293 7-12-year-olds have used Lumi Nova." Tales of Courage to overcome their fears and worries. Ninè 11-17-year-olds attended SPARK to use creativity to improve their emotional wellbeing Provided trainin9 to 1.253 professionals who woth with childn and youn9 peopk. 141 parents attended Children & Young People workshops. Through its work HMN has h1 • major imp¥t on many individuals. lives and as a result has had many public benefits, including.. reduction rn suicides wtthin the county. reduction in isolation and loneliness for at risk client group improved health and wellbeing ol Hertfordshire residents. reduction in hospitsl admissions by supporting clients in crisis. increase in employment through social enterprise programme> prevention of ltsng iem mental health condilions. • increase in awareness of mental health and mental hll-heath. HMN'S clients have provided some fantsstic feedback. With Youth -Thank you so fflh for the app you have crtatsd for young people. I have tvm children in the a9È bracket for this app and l>oth stru991 at times as young carw5 fov their Dad vtho has PTSD from his time in the military. They have bolh realty enjoyed the app and used it to work through specific anxieties they have. There's so little for ¢hildren and thi$ 9ives a fvn and inter•¢iive way lo Proce emotion& thanks $0 muth for your help w•ih my <hildren~ Parent of a child usin9 Lumi Nova, through With Y•)uth. Mums Matter "I can't stre55 how important it wa5 for me to havt at¢essto this group. l think it is such a vital resour<e for mums who stru99le with their mentsl htalth. I have tsken so much from i( and l know all the many things I learnl (and was reminded ofj will help me and my famity move loThvard IA the <ornin9 year5.- Nlghtlight "All the stsff herè arè very helpful and taring. I had no one to tslk to for years of pain hiding away. Most helpful and I want to say a vèry big thank to all the staff-. -Nightlight has been a god send. A positivè eNptrien<e thal very much needed In my time ol crisi This is by far the BEST place to be for people in ¢¥isis. and ihat I have not had in over 20 years. This bs an amazbng service and wonderful people work here. l<oyld wrile so much more: it is amazing. Please keep this funded. We are treated with lespert and like a human being should be. Thank you- -1 un't believe ) facility like this exist& The stsff were •ll amazity especialty slay¢n9 up all ni9hL This pIKe saved m*. Thank you for thè space.- 10-
HERTS MIND NEfwoRK UMITED DIREcfoRS' REPORT FOR THE YEAR EIVDED 31 MARCH2023 PLAN5 FOR FUTURE PERIODS The Board are fully aware of the risk of further potential cuts in statutory fvndiThJ, and the implicalions of stKh cuts are diKussed by the Board. The 8oard continues to develop plans to eftsu that HMM can still deliver high quality services should further cuts in ststutory funding arise. The Charity will continue to seek funding to support its work in a variety ol ways. including partnership working dirert grant application and developing other income strearn5. The key aa5 of attention are dalled bebw. SERVICE PROVISION To seek r*w fvnding opportunitie5 to enhance and develop the current Provi0 in line with unmet needs. To work with clients, commissioners and rn-StatUt0ry providers to assess change5 in national policy and local trend5 to drive and develop responsive innovative services to meet luture challenge5. To attract new. non-statutory funding into the Organisatio in order to protect our independence and allow more innovation and CfeatNity within our provision. To develop new partnerships to promote innovative ways ol working. To continuously strive to delNer seNices of high qvalty. which are safe and offer be valuè. To support staff and their welfare and yjstsin a well-lrained supported workfoice able to deliver high quality services. To develop HMN cwnselling seNices across the Network and beyond to meet current demand. To improve our marketing. PR and ComrrMJnications across the county to en5 that our communities know who we are, what we do and how to access u To develop services to promoie physical and emotional well-being en¢oura9e progression and self- management. CAMPAIGNING To continue to seek funding to enable us to 3 the way in rai5irwJ awareness on mental health issues and continue to challenge the sty.gma and prejudice sum)unding mental ill health. To continue to work alon9sidt county organi5ations l)oth 5tstutory and voluntary. to ensure that mental health remains a high priority on the NHS health agermla. AUDrroRS Myer5 Clark offer themselves for reappointment at the AGM. This report 15 prepared in accordance with the small compan5 regime (Section4191 Pl of the Companie5 act 20061. Approved by the Board of Direuors and signed on behalf ol the Board. Elena Lokteva ffreasurerl Dirertoy Jess Lievesty (Chairl Dirt<tor Dated.. 18 July 2023 Dated.. 18 luty 2023 11
HERTS MIND NEfwoRK UMITED INDEPENDENT AUDrroR'S REPORT TO THE BOARD OF DIREcfoRS OF HERTS MIND NETWORK UMtrED Op5nlon We have audited the financial statements of Herts Mind Netwoth Limited Ithe 'charitsble compan) for the year ended 31 March 2023 which comprise the statement of financial activitr"es, the balance sheeL the statement of cash flows and notes to the financial statements. including significant accounting policie& The financial reporting framework that has been applied in their preparats.on is applicable law and United Kingdom Accounting Standard& including Financial Reporting Standard 102 The Financial Reporting Standardapplicable in the UK and Republic ol Irélandlunited Kingdom Generalty Accepted Accounting Practicel_ In our opinion, the financial statements.. give a trije and fair view of the stale of the charitsble compaty5 affairs as at 31 March 2023 and of its incorning res(rceS and application of resource> for the year then ended,. have been properly Pfepared in accordance wth United Kingdom Generalty Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Bas1$ for oplnlofi We conducted our avdit in accordance with Internattonal Standards on Auditing IUK) (ISAS IUK)} and applicable law. Our responsibilitie5 under those Standards are fijrther described in the Auditors TrSwnsiIfs rfor the audit of the financial statements section of our reF)ort We are independent of the charitsble company in accordancè 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 fullilled our other ethical responsibililies in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and apwopriaie to Pfowde a basis lor our opinion. Concluslons relatlng to goln9 Cl)IKern In auditing the financial ststements. we have concluded that the directOfS' use of the going concern basis of accounting in the preparation of the financial slaterrents is appropriate. 8a5ed on the work we have perfomed. we have not idenlified any mèterial urKertainties relating to events or conditions that. individualty or collectivety. may cast srgnificant doubt on the charitable Company's ability to continue as a going concern for a period of at least twdve months Irom when the financial statements are authorised for issue. Our r•5ponsibilitiès and thè respjnsibilitiès of thè Board of Directors with re5pert to 9osng concern are dèstiibtd in the relèvant sections of this report. Other inforniation Th other information comprises the information included in the annual report other than the financial 5taièments and our auditor's report thereon. The Board of Oirectors are responsib for the other information Contain within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any forni of assuiance conclusion thereon. Our responsibility ts to read the other information and, in doing $0, consider whether the othei information Is materially incon5iStent with the financial statements or our knowledge obtained in the course of the avdit. Of Otherwise appears to be materialty misstated. If we identify such material inconsistencies or apparent material misststements, we are required to determine whether thi5 gives rise to a material misstaternent in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misststement of this other infofmation, we a required to report that fact. We have nothing to report in this regard. Opinions on other mattets prescribed by th Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit the information given in the tNstees' report which IrudeS the directors. report prepared for the purposes ol company law, for the financial year for which the financial statements are prepared is consistent with the financial statements.. and the dire(tOfS' report included wthin the irustees. re h*$ been prepared in accordance with applicable legal requirements. 12-
HERTS MIND NETWORK UMrrED INDEPENDENT AUDrroR'S REPORT ICONTINUED) TO THE BOARD OF DIREcfoRS OF HERTS MIND NETWORK UMrrED Mattets on which w arè required lo rptsrt by èxttyti¢)n In the light of the knowledge and understanding of the company and its enronment obtained in the course of the audit, we have not identified material misstatements in the diTe(tors' rep)rt incILed within the trustees. report. We have nothing to report in respect of the folkwling matters in relation to which the Companies Act 2(X)6 and Cha¥ities (Accounts and Report51 Regulations 2C4)8 require us to report to you if. in our opinior)". the infoimation given in the financial statements is intonssstent in any material respect wth the d1ctorS, reporL or sufficient accounting records have not been kepl or the financial statements are noi in agreement wtih the accounting record& or we have not receNed all the infonmation and explanations we require for our audit. R•sponsibilities of Board of Direrto As explained more fully in the staiement of directors. responsibilities, Board of Directors, w) are alg) the directors of the charitable company for the purpose of company law. are spOnSible for the preparation of the financial statements and for being satirfied that they give a true and fair view. and for such inlemal control as the Board of Directofs determine 15 nessary to enable the preparation of financial statement5 that are free from material misstatemeni, whether due to fraud or error. In preparing the financial statemtnts, the Board of Directors are responsible for assessing the charirable company's ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concern basis ol accounting unless the Board of Dirertors either intend to liquidate the charitable company or to cease operations. or hove no realistic alternative but to do 50. Auditor'5 responsibilitie5 for the audit of the financial ststements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our obj'ectives are to obtsin reasonable assurance about whether the financial statements as a whole are free from rnaterial misstatement, whether due to frayd or error, an¢J io issue an auditorfs report that includes our opinion. Reasonable assurancè is a high level of assurance bLrt is not a guarantee that an audr( condurted in accordJn¢è with ISAS (UK) will always detect 3 material missiatement when il exists. Mi55taternents on arise from fraud or error and are conSided matelial if. indtvidualty or in the ag9regate. they ciyJW reasonably be expected to influence the economic decisions of vsers taken on the basis of these financial statements. The extent to which our procedu5 a capable of detecting irre9ularitie4 including fraud. is detsiled below. Tht txttnt to whi<h the audit was <onsidtred (•b Of deteding irregularities including fraud In identifying and assessing the risks of material misstatemeni in respect of irreguL7riti including fraud and non-cornpliance wth laws and regulations, we considered the following,. The natuie of ihe industry and sector. control environment and busine$5 Fwfomiance including the design of the remuneration policies, key drivers lor trustee remuneration, bonus levels and performance targets., results ol our enquiries of Management about their own identification and assessment of the risks of irregularities,. any matter5 we identified having obtsined and review the chariiable company's documentation ol their policies and procedures relating to.. • identifying evaluaiing and complwng wilh laws and regulation and whether thty werè aware ol any instances ol non-compliance." detecting and responding to the risks of frd and whether they have knowledge of any artual, suspected or alleged fraud,. Ihe intemal controls e5tsbl¢shed to mittgate risks of fraud or non-compliance ¥vrth laws and regulations the matters disoJssed among the audit engagement team regarding how and where fraud might occur in the linancial statements and any potential indicator5 of fraud. 13-
HERTS MIND NETWORK UMITED INDEPENDENT AUDrroR'S REPORT (CONTINUED) TO THE BOARD OF DIRECTORS OF HERTS MIND NETWORK UMrrED As a result of thesè procedures, we Consider opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAS IUKI. we are also required to perform specific procedures to respond to the risk of management override_ We also obtained an understandiNJ of the legal and regulatory frameworks that the charitable company operates in. focusing on provisions of those laws and regulations that had a direct effert on the detemiination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in thi5 context included the UK Companies Act In addition. we considered provisions of other laws and regulations that do not have a direct effect on the financial Statements but compliance with which may be fundamental to the companys ability to operate or to avoid a material penalty. These included Employmentlaw. Audit response to risks identified To address the risk of fraud through managèment bias and override of controls, we.. performed analytical procedures to identify any unusual or LbneKperted lationshIPS.. tested journal entries to identify unvsual transactions.. a$5essed whether judgements and assumptions made in deiermining the accountin9 estimates were indicative of potential bias." and invesligated the rationale behind signiftsnt or unusual transaction In response to the risk of irregularitie5 and non-compliance with laws and Tegulations, we designed procedures which included, but were not limited to- agreeing financial statement disclosures to undedying suppotting documentation.- reading the minutes of meetings of those charged with governance,. and enquiiing of management 0$ to actual and potential litigation and claims. There are inherent limitations in our audit procedu5 describ abts. Thè morè removed that laws and regulations are from financial transactions, the less likely it is thal we would become aware of non-compliance. Auditing standards also limit the audit procedure5 required to identify non-compliance with laws and regulations to enquiry of the dirèctors and other management and the inspection of regulatory and legal correspondence. rf any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate cgncealment or collusion. A furthÈr description of our rÈsponsibiltties is available on the Financial Reporting Council's website at.. httpsJ/ www.frc.org.uvauditorsresponsibilities. This description fomis part of our auditor's report. Use of our report This report is made solety to the charitys trustee& as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2(X16 and part 4 of the Charities (Accounts and Reports) ftegulations 2008. Our audit WO has been undertaken SQ that we might stste to the charity's trustee5 those matter5 we are required to State to them in an auditors. report and for no other purpose. To the fullest extent pem)itted by law. we do not accept or assume responsibility lo anyone other than the chaiity arKi the charity's trustees as a body. for our audit work for this reporl or for the opinions we have formed. Paul Windmill (Senior Ststutory Audrtor) for and on behalf of Myèrs Clark 21 July 2023 Chartered Ac<ounlants Statutory Auditor Egale I 80 St Albans Road Watford Hertfordshire WD17 IDL 14-
HERTS MIND NETWORK LIMrrED STATEMENT OF FINANaAL ACTivmES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH2023 Vnrestrirted Restricted funds funds 2023 2023 Total Unr*stricted Restricted funds funds 2022 2022 Total 2023 2022 Donation5 and legacie5 Charitable activities Other trading activities Other income 27,975 190,644 47,1 54.798 27,975 4.254.029 47.IC() 54.798 62.187 258.139 13,527 3,140 2.751,457 4,632 65,327 3.¢XJ9,596 18,159 4.063,385 Total income 320,517 4.063,385 4.383,Y)2 333.853 2.759.229 3,093,082 endilure on: Charitable activities 1.189.597 3,(K)1,176 4.190.113 981,281 2,030,033 3,011,314 Net loutgoing)Iincoming resour¢es before transfers Gross transfers between funds (869.0801 1.062.209 193.129 (647.4281 729.196 81,768 723,199 (723,1991 684,885 1684.8851 Net (expenditure)fin¢ome for the year/ N•t movemtnt in funds 1145.8811 339.010 193.129 37,4S7 44,311 81,768 Fund balances al l April 2022 441.250 154,528 595.778 403.793 110,217 514,010 Fund balances at 31 March 2023 295,369 493.538 788,7 441,250 154.528 595.778 The statement of financial actiwties includes all gains and losses recognised in the year. All income and expenditure derive from continuing actNltie> The statement of financial activities also complies %wth the requirements for an income and expenditure account under the Companie5 Act 2006. 15-
HERTS MIND NEfwoRK UMITED BALANCE SHEEr ASA T31 MARCH2023 2023 2022 Notes Fixed assets Inian9ible assets Tangible assets 12 13 84.703 91.372 13,491 70,845 176.075 84,336 Curyent assets Debtors Cash at bank and in har 14 L175,746 L355.021 800,971 85L793 2.530.767 L65Z764 Creditors: amounts failww due within one year 15 11,917.9351 IL141.322} Net current assets 612.832 511.442 Totsl assets less current liabilltl•s 788.907 595,778 Income futyds Restricted funds Un¥estricted funds 17 18 493.538 295,369 154,S28 441,250 788.9)7 595.778 The company 15 entitled to the exemptiors from the audtt requirement contsined in section 477 of the Companies Act 2006, for the year eled 31 March 2023. although an audit has been carried out under section 144 of the Charities Act 2011. The members havè not required the company to obtsin an audit of its financial statements under the requirements of the Companies Act 2(76, for the year in question in accordance wth section 476. These financial statements have been prepared in accordance wth the pmmsions applicable to companies subjeci to the small companies regime. The financial staiements were approv Of Dir ors on Elena Lokteva ffreasurer) Dire(tor Jes5 Lievesky (Chairl Direc¢r+r Company Reglstratlon No. 5532971 16-
HERTS MIND NETWORK UMrrED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH2023 2023 2022 Notes Cash flows Irom operat•ng activitie5 Cash generated from operations 627.395 138,770 Imiestin9 adivilies Purchase of intangible assets Purchase of tangible fixed assets 183.4901 {40.677) {13,8871 {25,0361 N•t c•sh used in investing adi¥itlts 1124.167) 138,9231 Net cash used in financiry artivibes Net in¢rease in cash and ¢ash equi¥4lents 503.228 99,847 Cash and cash equNalents at beginning of year 851.793 751,946 Cash and cash tguivalents ai end of year 1.355.021 851,793 17-
HERTS MIND NETWORK UMrrED NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2023 A¢UtIng poliiie5 Charity information Herts Mind Nefv4ork Limited is a private company Iimrted by guarantee in¢orporated in England and Wales. The regi51ered offjce is 501 St Albans Road. Warford. Hert& WD24 7AZ Ll Accounting convenlion The hnancial statements have been prepared in accordance with the charitable company's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charitie& Statement of Rècommended Practite applicable to charitie5 preparing their accounts in accordance with the Financial Reportin9 Standaid applicable in the UK and Republic ol Ireland (SORP FRS 1021 leffective I january 2019}" The charitable company is a Public Benefit Entity as defined by FRS 102. The financial statement5 are prepared in slerling wFMch is the futKtional currency of the charitable company. Monetèry amounts in thesè financial statements are rcyJThJed to the nearest L The financial statements have been prepared under the historical cost conventiorn Imodified to include the revaluation of freehold p¥operties ènd to include investment properties and certain financial instrvments al fair valuel. The principal accounting policies adopted are set out below. 12 Golng concern At the time of appfoving the financial statement& the Board of Dirertor5 have a reasonab expectation that the charitable company has adequate resources to coniinuè in 0ratIonal Èxistencè for thè foreseeable future. Thus the Board of Directors continve to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Board of Directors in furtherance of their charitable obje(tive& Restricted funds are subject to specific condttions by donors as to how they may be used. The purposes and uses of the restricted fvnds are set out in the notes to the financial statements. 1.4 Inwme Incomè is recognised when the Charitab company ss legalty entitled to it after any performance conditions have been met the amount5 can be measured reliabty. and it is probable that income will be received_ Cash donaiions are recognised on receipt (Xher donations are reco9nised once the charitable company has been notified of thè donaiion, unless perfomance conditions require deferral of the amount. Income tax recoverable in relation to donations received urmler Gift Aid of deeds of covenant is recognised at the time of the donation. Legacies are recognised on weipt or othev44ise rf the Charitab company has been notified of an impending distribution, the amount is knowrn and receipt is expected. If the amount is not known. the legacy IS treated a5 a tontin9ent asset. 18-
HERTS MIND NETWORK UMrrED NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR fHE YEAR EJVDED 31 MARCH 2023 A<counting policies {Continued) 1.5 Expenditure abilities are recognised as expenditure a5 swn as there is a le9al or construrtive obligation committing the charity to that expenditure. il is probable that settlement will be required and the amount ol the obligation can be measured reliably. All expenditure is accounted for on the accruals basi5. Where costs cannot be directly attributed to an actmty including support and offi.ce cost5 they have been allocated to activity cost C3tegories on a basi5 consistent with the use of the resource i.e. estimated time spent or resource used_ 1.6 Intsngible fixed jssets other than goodwill Iniangible assets over £l,CQO ocquired separatety from a business are recognised at cost and are subsequently measured at cost less accumvlated amortisation and accumulated impairment losses. The primary intangible asset is the chartty database which is central to the organisation. None of this expenditure is regarded as researth and devel¢)pment cosl txjt as INe improvement to flect service requirements. Amortisation is reco9nised so as to write off the cost or valuatK)n of awts less their residual valtjes over their usefvl Iwes on the following ba5e5'. Charity database UEC Capital Funding Assets 33% p.a. straight hne 33% p.a. straight line 1.7 Tangible fixed a55ets Tangible fixed assets ovèr £l[ arè initialty measured at cost and subsequèntly measured at cost or valuation, net of depreciation and any impaim)ent losses. Depreciation is recognised so as to write off the cost or valuation of assets le their SIdUal values over their usèful lives on the foll¢)wiry base Leasehold land aryj buildings {¢onservat(yyl IIM p.a_ straight linÈ133% p.3. straight line on the boiler housed in a Eeased buildingl IO% or 20% 01 33% p.a. straight line 33% p.a_ straight line 25% or 33% straight line 33% p.a. strnight line Fixlvres and fittings Office equiprnent Motor vehicles UEC Capitsl Funding Assets The gain or105s ariyng on the disposal of an asset is determined as the diffenCe between the sale pfoceeds and the carrying value of the asseL and is recognised in the statement of finanoal activities. L8 Impairmenl of red 4sets . At each reportin9 end date. the charitable company review5 the carwng amounts of its tangible and intangible assets to determine wheiher there is any indication that those assets have suffered an impairment loss. If any such indication exist& the recoverable amount of the asset Is estimated irb order io determine the extent of the impairment loss lif any). 1.9 Cash and fash equivalents Cash and cash equivalents include cash in hand. deits held at call th banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts_ Bank overdrafts are shown wirhin borrowings in current liabilities. 19-
HERTS MIND NETWORK UMrrED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2023 A¢¢ounling polici•s (Continued) 1.10 Flnanclal Snstrum*nts The charitable coMnY has èlected to appty the ProviOn5 of Section 11 'Basic Financial Instruments, of FRS 102 to all of its financial instruments. Financial instwments are recognised in the charitable company's balance sheet when the charitsble company become5 party to the contraclyal proviyon5 Qf the instnjment. Financial assets and liabilities are offseL with the net amount5 presented in the financial statements, when there is a legalty enforceable right to set off the iecognised amount5 and there i5 an inlention to settle on a net basis or to realise the asset and settle the liability simultane(yJsty- Basic financial assets, which include debtors and cash and bank balances are Initial measured at transaction price including transaaion costs and are subsequenity cartied at atnortised cost using the effective interest method unless the arrangement constitutes a h"nancin9 transactiory where the transaction is measured at the present value of the future receipts discounted at a market rate of inte5t. Financial assets classified as rereivable within one year are not amortised. Basic financial liabilitie& including creditors and bank loan5 are initialty re¢o9ni5ed ai transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is rneasured at the present value ol the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amorbsed. Trade creditors are obligation5 to pay for goods or serwces thai have been acquired in the ordinary course of opèrations Irom supplièrs. Amounts payab are classified as current liabilities if payment is due within one year or less. If noL they are presented as non-current liabilities. Financial liabilities are derecognised when the charitable company's contractual Obligatn5 expire or are discharged or cancelW. 1.11 Taxation Herts Mind Network Ltd is a registered charity. and is exempt fmm corporation tax on its income and gains to the extent that ihey are applied to the charitable obJ'ertNes. No tsx charge has arisen in the year. 1.12 Employee benefits The costs of short term employee benefits are OgniSed as a liability and an expense. The cost of any unused holiday entitlernent 15 recognised in the period in which the employee's Services are received. Terminètion benefits arè recognised immediately as an expense when the Charitab compary is demonstrably Omrnltt to teminate the employment of an employee or lo provide termination benèfits. Herts Mind Network Ltd offer5 a contributory pension scheme to its employees wa The Pensions Trust Iwww.thepensiontrust.org.ukl. Employees are auto-enrolled after three months, seThice. unle55 they choose to opt out. Pension contributions payable ijnder a defined contribution scheme are charged to the Statement of Financial Activities in the period to which thty relate. There are no debt or deficit implications attached to historical participation in the scheme requiring disclosu in the accounts. 1.13 Irr•<o¥erable VAT Irrecoverable VAT is allocated to the cost associated with the invoice on which VAT is tharged.
HERTS MIND NETWORK UMrrED NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting poliiies (Continutd) 1.14 Gifts and i)onation In Thd Where goods or 5eMces are provided to the charitable company as a donatson that %wyJld normally be purchased from supplieo the contributKn is in¢kJded as an IMate based on commercial values. Critical *ccouThtin9 estimates and judgements In the application of the charitable compan5 accounting polici4 the Board of Director5 are required to make JLFdgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent fiom other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual Ults may differ from these estimates. The estimates and Undering assumptions are Thithved on an ongoing basis. Rwsions to accounting estimates are recognised in the period in which the estimate is revised where the wsityn affect5 onty that period, or in the period of the revision and future peri¢)ds where the rèvision affects both Current and fvture period& 21
HERTS MIND NETWORK UMtrED NOTÉS TO THÉ ANANCIAL sfATEMÈNTS IcoTrmNUEDI FOR THE YEARENDED31 AIARCHX123 lund5 fvr45 2022 2022 OOnatr6dr grfts Légaties we*4able 27.975 51187 3.140 S%327 io.0( 27.975 27.975 61187 3.140 65.327
HERTS MIND NEfwoRK UMITED NOTES TO THE FINANaAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH2023 Charitable adivitlts For the year Thd 31 Marth 2023 Cofflpkx Pttr Support Wdlbeiny and Trinithg •nd Nvds Total 2023 Tvt41 2022 knter¥ention Income from charitable activities L340.519 L169,712 342.823 1.273.$67 127.408 4,254,029 3.IX)9,596 Anatysis by fvnd Unrestricted funds Restricted funds 93.468 39.271 S7,905 190,644 258,139 L247.051 1.169.712 342.823 1,234.296 69,503 4,063,385 2,751,457 L340,519 L169,712 342.823 1.273,567 127,408 4,254,029 3.009,596 Included within Health and Wellbein9 is a Grant in Kind for nI of £93.468 for the year ernded 31 March 2023 (£81,168 for the year ended 31 March 20221. The total income received from government grants was £3.998,888 tor the year ended 31 March 2023 (£2,812,086 foi the year ended 31 March 20221. For lh• y•ar •nded 31 March 2022 So¢i•l Votational Health and Enterprise Advice and Wellbein9 Ery110ent Complex Support Needs and Crisis Inter¥tntitsn Total 2022 Income from charitable activities 122.964 310.422 1,164.768 399.701 1,011,741 3,(X)9.596 Anatysis by fvnd Unrestricted fund5 Restricted funds 122,964 135.175 1.029,593 258.139 2.7SI.457 310.422 399,701 I,OIL741 122.964 310.422 1,164,768 399,701 I,OIL741 3.(M)9.596 -23-
HERTS MIND NEfwoRK UMrrED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 MARCH2023 Other trading artivities Unrestricted Restricted funds fvnds Totsl Unrestr5rted Restricted funds funds Totsl 2023 2023 2023 2022 2022 2022 Fundraising events 47.1) 47.1 13,527 4,632 18,159 Other inc4)me Unrnstrict*d Unwestrlrted lunds funds 2023 2022 Other income Rental income and Room Hire 15.721 39,077 54,798 Other income for ihe year ended 31 Mafch 2022 was induded within Charitable actiwties. -24-
HERTS MIND NETWORK UMThED NOTES TO THE FINANaAL STATEMENTS ICONIINUED) FOR THE YEARENDE031 MARCH2023 1orth1yHr•ra al IAwth 202> T¥t41 2027 2023 5tth rosts (hheT 5tallc<>st5 Extemal FacdJ¢ors 524.499 18.191 L541 1041617 8Q551 a501 99.533 13fj9.7 13,895 448.511 10.312 3.320 3L 144.694 I52 130.247 IA515 9.213 3Q509 102.042 26S.451 423 270 625 231 49.369 353 21 2.345 Recruitwent Tra¥ 24.154 47.983 IL a).u51 Lir 687M9 W615 Ll71353 IIQI47 IW6.940 2.141028 Sharèof support Costs tsee note8) Sh¥eolgovemancec05ts (see rthell fJA95 2&387 2131S io(v* 715.484 ia&oii 12.310 96S,518 218.315 716.OY6 153.1 4LnB 981458 787.9LL 2610S9 IOX848 L32.497 4.190.773 3.011.314 by1 Unrestnctod tund5 Re5tyided lunds Ii(&OSD 91&798 83.547 419S0 L189.597 981281 3.ty)1.176 2.030,03> 981458 787.911 2610S9 98145B 787.9ll 261059 Im4.848 132.497 4.190.TT3 3.QII,3I4
HERTS MIND NEfwoRK MED NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI FOR TH£ Y£4REND£D31 MARCH2023 F0rth•Y•4r4 31 2•22 Corn•x Totsl 2022 ar crf Staff cD5t5 herstsff costs External Fa¢tht4tS 711n 7J16 170.188 IW.340 491985 1.563.502 i2a247 LS,SIS 9,213 30,509 102,042 1655 nS412) .514 6.779 1&586 30.534 338 11025 10.178 47313 46 9.775 Trèv 19)7 19.633 2,655 25&943 951685 205.718 65B.LW 2.142,028 Share of SUPPfftc05151soerK>le 11 sr@ol gLvernI*issIs8e nQtt• 14.7241 5.031 19391 549.529 IM830 30.403 1.3241 135,857 7.955 716,096 1S3,19) 566 27L035 L673.fM4 .797 80L872 3.011.314 Anitysl% by(und n$ri0ed luffld5 RÈstritted ndS 92Q?1S 75Z329 981281 a0172 2.Q30.033 27L03S 201.797 FA566 271035 L61&014 204.797 eOL872 1011.314
HERTS MIND NEfwoRK UMrrED NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2023 Support costs Support Govmanc costs 2023 Support Govern•nce 05ts 2022 Stalf costs Depreciation Premises IT Costs Training Ottice Running Costs Other 184.256 30,806 319,071 244.076 3,152 21,436 162,721 78,967 1,621 16.793 12.846 263.223 31427 33S.864 256.922 3.152 22.564 258.287 144,939 27,967 274.960 140.012 8,755 25,136 94,327 62,117 1,472 14.471 7.369 207.056 29,439 289.431 147.381 &755 26.459 149.725 1,128 95.566 1,323 55,398 Audit lees 11,394 IL394 IL040 IL040 965,518 218.315 1.183.833 716,096 153,190 869,286 Anatysed befvleen Charilable aclivities 965,518 218,315 1.183.833 716,096 153,190 869,286 Support costs are apportioned based on estimated ts.me spent on eath attrty. Board Of Directors None of ihe 8oard of Oirertors lor any persons connerted with them} received any remuneration or benefits from the charitable company during the year. Trustee expen5e5 01 £171 were incurred for the year ended 31 March 2023 l£nil for the period ended 31 March 20221. -27-
HERTS MIND NETWORK UMrrED NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2023 10 Employees Number of èmployÈes The average monthly number of employees during the year was.. 2023 Number 2022 Numbèr Charitable Actiwties Governance 100 86 103 89 Employment costs Ye•r ended 31 P•riod ended March 31 March 2023 2022 Wages and salariès Social securiiy costs Employer pension costs .2,380.445 196.600 55.185 1,877.119 145,440 47.999 2,632,230 2.070,558 There was one employee whose annual remuneratioft was £60,0 or more when pro rated for the year ended 31 March 2023 Ino employees for the year ended 31 March 20221. 11 Taxatlon The charity is exempt from tax on income and gains falling thIn section S05 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the exlent that these are applied to its chartlable objects.
HERTS MIND NEfwoRK UMrrED NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 MARCH2a23 12 Intangible f•x*d assèts UEC Captsl d•¢•bastFuNting A55ets Cost At l April 2022 Additions Disposals 74.383 10,458 144,9801 74,383 83,490 144,9801 73,032 At 31 March 2023 39,861 73,032 112,893 Amortisation and imp4irnien¢ At l April 2022 Amortisation charged for the year DiSF)osals 60,892 8,139 144,9801 60,892 12,278 144,9801 4,139 At 31 March 2023 24,051 4,139 28,190 Carrying amount At 31 March 2023 15,810 68,893 84,703 At 31 Marth 2022 13,491 13,491
HERTS MIND NmvoRK UmED
NOTES TO THÈ FtNANOAL STATEMEpifs {COPlllNUED)
FOR THE YEARENDED31 AIARCH2023
IJ T•¥lblellxod
At l ApThl 2022
Additions
Oi5POSa
124655
6534
(6&6451
71676
111123
S353
367.307
40,677
1232.29
34.143
(7.IIY>> 11017Qg>
IS353]
At31 Mai
HERTS MIND NEnNORK UMrrED NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 Debtors 2023 2022 Amounts falllny due withln one y. Trade debtors Other debtors Prepayments and accrued income 1.060,261 5,863 109.622 702.926 10,419 87.626 1,175,746 800.971 15 Creditors: amounts falling due within one year 2023 2022 Notes Other taxation and S¢xial sècuwity Deferred income Trade creditors Other creditors Accruals and dèferred income 64,489 1,666,814 152.304 15,176 19.152 44.715 1.026,255 48.176 22.176 16 1.917.935 1.14L322 16 Deferred inc¢bme 2023 2022 Deferred grant income 1.666,814 1.026.255 31
HERTS MIND NEfwoRK UMrrED NOTES TO THE FINANCIAL STATEMENTS (COlnlNUED) FOR THE YEARENDED 31 MARCH2023 17 R•sth¢t4d fvrtds RestrKted fvnds IL0217 1759229 RVK0331 (684.0851 154.52B 4.3,]85 P.ODL1761 [123.199) 491538 ILO217 2.7S9229 QQM0331 1684.8851 154.528 4W,385 (3mL1761 1723.199) 493.538 An re5ttKtpd fvnds aF• hew far(ts undertaEn IDlLthdr1l4IowIrOItht&Ststod fundp Ji Mirth Unre5trided fvtwjs 331853 (98L3811 684•5 ML2SO 3M517 11189.59 723.199 295.369 403.793 331853 (9BUBI} 68W5 44U50 3N517 IL189.59n 723.199 295.359
HERTS MIND NETWORK UmED NOTES TO THE FINANaAL STATEMENTS (CONTINUED) R?R THE YEAR ENDED 31 MARCH 2023 19 Analysis of ntt assets between funds Unrestricted Reslri¢ted funds fvDds 2023 2023 Total Unrestrirted Restrirted lunds fvnds 2022 2022 Total 2023 2022 Fund balances at 31 March are represented by. Intangible fixed assets Tangible assets Current assets/lliaIItieS1 15,810 59,292 220.267 68,893 32.080 392.565 84.703 91,372 612,832 13,491 70,845 356,914 13,491 70,845 511.442 154,528 29S,369 493.538 788,7 441,250 154,528 595.778 20 Operating lease Commilments At the reporting end date the charitable company had outstsnding commitments for hrture minimum lease payments under nOn-nCellab1e operaling leases, which fall due as foll¢)ws= 2Q23 2022 Within one year Btheen ts¥o and five years 75,289 111,833 83,646 69,012 187.122 152.658 21 Related party transartions Remunuation of key management personnel The remuneration of key man¢7gement personnel is as follow& 2023 2022 Aggregate compensation 262,410 205,583 22 Guarantee Herts Mind Nets¥ork is a Cornpany knmited by Guarantee_ Each director provides a 9uarnntee limited to £10 whith would be payable in the event the Company is wound up. 23 Analysis of <hangés in nèt funds The tharitable company had no debt during the year. -33-
HERTS MIND NEfwoRK UMrrED NOTES TO THE FINANCtAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2023 24 Cash genèrated from operatlons 2023 2022 Surplus for the year 193.129 81.768 Adjustments for.. Amort15ation and impairment of intangible assets Depreciation and impaiimeni of rangible fixed assets 12.278 20,150 8.206 21.233 Movements in working capital: Uncreasel in debtors InCaSe1(dtcTeasel in credtto Increase in deferred income 1374,7751 136,054 640.559 1623,1431 119,5921 670,298 Cash 9Èn¢rated from operations 627,395 138,770
¢N51n DJ&iF4
iy1.gl¥J
1752
151$
(4S&rn
JIÉN om
ISY.X7
07.
(iJ7.
163.15
1¢ty1023NC5S
10ty1U33AOA(
KtyIU55NC5S(rfftlFv
1152
f4
iJ
57JS1
spm
(5bJ
24175
rAJ5•
noi7•
5•
7)))
719
(JvJ
74S)6
opa
ts.
10ty113PtNh
114CN
116Jg
IJFNY
519
4TSa
20tr-11glNknPCM
iQ39
X5J
t¢Si•
14ts75J
IX4
ij
t751
•)
3tet
40tsl12I1rffl5e
51)19
ISW QX1S• IJX)56
15¥•
215111
($052¥
1141164
11LI
17J
(4
all.1
4JU4o5prf
YAYS
44£$
?.$
i.
WW5J
5110TrTr%
174
11411•
¢4$•
3711
7m4
151
ij
R4211)
400-Jii SpthEartMErt
(1.5J•
14si
4lIsSFwI
(157.74JJ
•KIX (IX•PJ) ¢IUIJ•
14•JJ)
751•7
5UV.IU1 s
171)
ni)
1>
r¥Bifflir¥JcYP
SS70
$5
U5Hebffl•HeM5
E-&0SSiCkmMIDM
It
(110
-51wiryC
2J
I*IO¢IRDAP
ityj
F2¥11J
Nygli)
(Iojtsln
(1.119,
TO Praclilionw &472 r117 1279 W71) 4.t))7 79 LG8TQ PEvgJpmGmup LMACat• Ltwe Nt Lt4f Rea¢hity 1071 1074 1.161 (w4} (IM611 (&iui $3 SpEakta Yoww PeoF41 Wnttt l(Q-lQl STPCriy4sTrA 1C¢I-lQ2 3RC55 Iris103 3RDAC 1m-104 JR 1CQ-IOS JR CSsCLMdFUn IC¢J-114 Par•JwHausry IC¢J-111 A&E Dnkw¢¢kws IW-111 NCC Night1 95 n$38J 325m 7V5Z $7 261.497 Q31527) 61552 15S736) 4YII (M3311 158.4 143.149) (&CQ5) é64) PJ03) a.152 4752 .9671 wj rAno) 34S29 11616) R356) 913 14535 &$25 73) 0291 120.21$) 773) (261.4311 11)1373) IICq4631 110.729J 15Q444) 121.01 14lQ7 141370) (51511 (6.752J (221.26SI (207.7251 R75lJ Q>ts661 3YYA34 22Ql17 128258 21787 11$1 I651) IX96S) I65 111142 1g.P 32,IiY 12th79 9P21 ILtr113 KP4 10>114CNH ICty117 IW-118 &ffjxbLwC55 157XII 1&1211 147&7) r8J.gJn I.5) 147.130) 7BSI 1&3261 ojn 146 11.658J Z4fK•J 55 A7DT wj 5WY 2CQ.ZOI HArts 4242 51058 9.164 i.$25 538 311.761 39.517 333 1522 2r¥>203 2DJ.206 ACC PEEr 2W-207 HCC Wtllbthry 20>209 HC( stepty Ston 30>301 3tyJ.302 Spotts >ghS(Cfft ).)03 3AHh1ry 304 1105tf i.S2S 1%7TI 347• 179.W 231261 {194.9161 P.9)51 V%3711 014861 {1177 R605) 20.446 14.1 9.731 73$ Q16131 61120 1rmi 137h57 1<950 1Qll13 IfA3 rtO7S> sos) 117J64] 147.S$2) 1.9) 14641 14242 11.0331 11715 &726 SA7 11S26 iZQ291 ll21 117.2941 1134939) Va6331 305 Beo ¥F 30>305 Beo HVF 306JAPT Jfy>307 M4tlqr 308Youth EngigtsThntW 30>309 He4hhLe¥JsihSO 31D Sknthr4knolWrykvCY S03 Aesknthtd DcNUon5 fth405 SE CYP 1&7$9J M692 V11428> R7$5> 61 {1.2 78SI 4.169 21 2%924 A23Tr 24.702 11146 2a834 VOK 4. 11.718J Q250) 115) ft2S V51 147 S21 1955 1153 1696> 114556) V.97D) 1117W) 5J99 1.7S7 lQ747 1582 311 nisni rrN & 3ft (c1r Fini5hedC&rykn eofilrict Finiiw bKCCwors (r1raCt FInthed Hc(derptO¢ CwiiaU Fin¢d Lollery FurftdPaqr9Jp 11102 iitsn &849 9m3 (79 110211 1.759229 IIM•I* IW4)¥ 11.IMIW 117S.7JJI Q.•Jty.ty)J) VWN15tHI¢T6tyFUND5 791 33U53 I113B 14242 (s5711) 19B12011 441.250 TOTAi WtrIDS 514010 a093.•82 3.•.2 IU7&5W 173Z.746h l3.011.5141 59S.718