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← Herts Mind Network

2024-03-31-accounts

Charity Registration No. 1112487 Company Registration No. 5532977 (England and Wales)

HERTS MIND NETWORK LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

HERTS MIND NETWORK LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Board Of Directors Jess Lievesley (Chair) Erika Linhares de Paula (Vice Chair) (Resigned 4 October 2023) Elena Lokteva (Treasurer) Ritu Sharma (Board Secretary) Siobhan Nundram (Resigned 4 October 2023) Helena Marks-Dwyer Will Lewis Thalia-Rose Carter Luke Donovan-King Tracey Carter Key management personnel Joanna Marovitch - Chief Executive Hilary Lythgoe Carys Norman Danielle Levy Charity number 1112487 Company number 5532977 Registered office 501 St Albans Road Watford Herts WD24 7RZ Auditor Myers Clark Chartered Accountants Egale 1 80 St Albans Road Watford WD17 1DL Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Solicitors S A Law LLP 60 London Road St Albans Herts AL1 1NG

HERTS MIND NETWORK LIMITED

CONTENTS

Page
Statement of directors' responsibilities 1
Directors' report 2 - 12
Independent auditor's report 12 - 14
Statement of financial activities 16
Balance sheet 17
Statement of cash flows 18
Notes to the financial statements 19 - 34
Appendix 35 - 36

HERTS MIND NETWORK LIMITED

STATEMENT OF DIRECTORS' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024

The Board of Directors, who are also the directors of Herts Mind 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 United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Board of Directors 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 resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Board of Directors are required to:

The Board of Directors are responsible for keeping adequate 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.

In so far as the directors are aware:

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Board of Directors present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and "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 (SORP FRS 102) (effective 1 January 2019)".

GOVERNANCE: CONSTITUTION, STRUCTURE AND MANAGEMENT OF THE CHARITY

Herts Mind Network Ltd (“the Charity”) is a company limited by guarantee having been registered in August 2005 under the name of Mind in Dacorum Ltd (name change in August 2007). As a registered charity, it is governed by its Memorandum and Articles of Association and the trust deed under which it was originally set up. The Charity began operating as a company limited by guarantee on 1 April 2006.

The Board of Directors (“the Board”) comprises twelve people including a proportion of users of mental health services. Recruitment to the board takes place periodically as needed, and anyone from the community can apply for these roles. Nomination of candidates for election to the Board is open to the whole membership, and a ballot is held annually at the AGM to elect those who wish to stand for Officer posts. Members wishing to be considered for election to the Board are able to approach an Officer during the year for a discussion of the roles and responsibilities of a Director. Following this discussion, the member may be introduced to the Board and observe a number of board meetings. The member may then be co-opted onto the Board in the intervening period before the next AGM where they will be formally appointed by the membership. Job descriptions exist for each Officer position, and a full briefing is given about the roles and responsibilities when a Director is first appointed. Ongoing training is given to Directors as and when required.

The Directors are responsible for all operational decisions taken by the Charity, including allocation of resources in pursuit of its charitable objectives, although some of these decisions are devolved to the Chief Executive and the senior members of staff. A Delegation of Authority document exists in relation to those areas where decision-making has been devolved to staff, for example in relation to ordering of goods and services.

The Charity works in partnership with other organisations including Mind in Mid Herts, AGE UK and HPFT where this is the most effective way to provide services across the county.

FINANCIAL MANAGEMENT AND CONTROL

During this twelve-month period (April 2023 – March 2024), the Charity has undertaken a wide range of activities in pursuit of its charitable objectives. To help manage these activities, annual budgets for the following year are prepared, presented to and agreed by the Board. To support the financial regime, clearly written policies about what activities will be funded and how, have been prepared and communicated to all involved.

The Board receives monthly management accounts reporting on the financial performance and position of the organisation. These are presented to the Board and compare 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 with a narrative provided by the Treasurer and focuses on reasons for variation from budget.

GOING CONCERN

The Directors have a responsibility to make sure that the Charity continues in existence for the foreseeable future (at least 12 months from signing these accounts) and to do so they have to be sure that they always have sufficient funds not only to pay the Charity’s bills as they fall due but also to fund commitments to future capital expenditure. This is known as being a “going concern”

The Charity’s review of Going Concern was extensive and extended to ‘stress testing’ for the direct financial impact of an inflation and financial pressures on local government and Hertfordshire and West Essex ICB. The outcome of these reviews show that these events would be challenging for the Charity but in the Directors opinion would not compromise the Charity’s ability to continue as a Going Concern.

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

RISK MANAGEMENT

Attention continues to be given to the major strategic, business and operational risks which the Charity faces, and believes that maintaining adequate levels of reserves, combined with an annual review of controls over key financial systems, will provide sufficient resources in the event of adverse conditions. To attend to risk management, the Directors have prepared and regularly review an organisational risk management policy. Areas of risk have been broken down with responsibility for each section allocated to individual Directors or members of the senior management team.

Some of the key risks that the Charity has included in its policy are:

Key risks Plans to manage the risks
Over reliance on a single funder Increase the number of non-statutoryfunders
Competition for contracts and tenders Ensure that we create service models that are
effective, competitive, innovative and responsive to
local need.
IT systems and cyber crime Ensure that our IT system is robust and meets the
needs of agrowingorganisation. Cyber security.
Relationship with funders Maintain and develop collaborative, honest and
effective commissioner relationships by delivering
high quality services that meet the needs of our local
communities.
Health, Safety and the Environment Work with consultants, ensure all staff are aware of
individual responsibilities and reporting, comply with
legislation and regulations
Loss/ misuse personal data Follow legal advice, implement and adhere to
policies,staff training
Political Awareness of changes ingovernmentpolicy
Staff Focus on staff wellbeing and review of staff
recruitment process. Ensure good training and
development opportunities.

CHARITIES AND PUBLIC BENEFIT

The Directors of HMN have read the guidance issued by the Charity Commission for England and Wales on ‘Charities and Public Benefit’. The Directors confirm that the objects of the charity fully comply with this guidance and further information is set out below.

RESERVES POLICY

The Directors ensure that reserves are maintained at a level that enables the Charity to meet its ongoing obligations as well as managing financial risk and fluctuating income, as it seeks to maintain existing charitable activities and develop new ones. Transfers are made from restricted funds to unrestricted funds to cover the agreed contribution to their general running costs.

It is the intention of the charity to maintain a level of unrestricted reserves amounting to £650,000 to enable the charity to cover the costs of on-going obligations in an event of funding gaps. This amount is considered to address committed costs for a range of items and retain experienced staff for a period of three months. The charity has been working towards achieving the desired level of unrestricted reserves and has made great progress in 2023/24 with unrestricted funds increasing from £295,369 at 31 March 2023 to £407,760 at 31 March 2024. The charity is aiming to grow its unrestricted reserves at a comparable rate in the coming years.

The Charity maintains funds in longer term investment accounts where such funds are not required for day to day activities. This provides security to the organisation and provides some additional interest return.

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL POSITION

During the year ended 31[st] March 2024, total income was £5,882,676 (2023: £4,383,902), and total expenditure was £5,321,729 (2023: £4,190,773). The reserves of the Charity increased by £560,947.

FUNDRAISING

The majority of HMN’s income is derived from contracts and grants.

The organisation also receives income from social enterprises detailed below, donations and legacies. There are static collection boxes at various locations in Hertfordshire and the ability for people to donate to and organise fundraising events in support of us via our website and through a Herts Mind Network Just Giving page.

There is no commercial fundraising activity directly to the public.

VISION, PURPOSE AND VALUES

Our vision

“Every person in Hertfordshire will feel supported with their mental health.”

Our purpose

1. We fight for the mental health of every person in Hertfordshire.

2. We provide mental health support, opportunity, advocacy and resources.

3. We will elevate and promote the voice of those with lived experience of mental ill health.

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

Our values

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

REPORT ON PRINCIPAL ACTIVITIES

We provide essential mental health support in Hertfordshire, providing a diverse range of services from our seven Wellbeing Centres and other venues across all ten districts of the county. Funded locally, our services are available to all residents in Hertfordshire over the age of 18 and we offer dedicated services for 5-18 year olds.

We create opportunities for individuals experiencing mental ill health to make choices, find their solutions, build resilience and manage their whole life and wellbeing. Our services are based on the principle of self-help with a strong emphasis on prevention, personal development, self-management and improving health and wellbeing.

We provide opportunities for individuals to access support to enable them to recover from or live with mental ill health.

Our services are grouped in the following areas:

  1. Crisis Intervention

  2. Complex Needs

  3. Peer Support

  4. Wellbeing and Counselling

  5. Training and Education

1. Crisis Intervention

We have continued to develop the Nightlight countywide out of hour’s mental health crisis service during this financial year. The centres provide a safe, homely and welcoming space for people who are feeling distressed and experiencing a crisis. Each centre is staffed by a team of skilled and experienced non-clinical mental health workers, many of whom have a lived experience of mental ill health.

Our Nightlight Crisis Helpline team is open from 7pm to 1am, every day of the year.

Our Nightlight Crisis Cafés are open every day from 7pm – 1am. The Stevenage and Watford Crisis Cafés are open each day, and the Ware and Hatfield Crisis Cafés are open Friday, Saturday, Sunday and Monday each week. The Hatfield Crisis Café opened in December 2023 and is being delivered in partnership with Mind in Mid Herts.

Our Nightlight Crisis House is in Hemel Hempstead and has four bed spaces that can be used if an overnight stay would help an individual to resolve their crisis. The beds are available (depending on capacity) seven days a week, 365 days a year.

These beds are available for all Hertfordshire residents. In some circumstances overnight stays may be discussed and agreed with the Crisis Resolution Home Treatment Team. All overnight stays are reviewed daily, however, in most cases we envisage individuals will stay up to 3 nights. This is assessed and agreed on an individual basis.

The A&E Crisis Liaison Service is delivered in partnership with Mind in Mid Herts to provide support to Lister and Watford General Hospital A&E staff to improve crisis care pathways for adults who are experiencing a mental health crisis. Our A&E Link Workers support adults to access alternative mental health crisis support, including our Nightlight Crisis Service, particularly where it will be helpful for the individual to leave the hospital setting and be welcomed into a calmer, quieter environment.

Daylight provides community outreach crisis support to individuals aged 18 or over across Hertfordshire through one-to-one support, our Daylight workers support individuals for an average of 4-8 weeks, facilitating access to community support to help individuals manage their mental health crisis within the community.

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

REPORT ON PRINCIPAL ACTIVITIES (CONTINUED)

2. Complex Needs

We are experienced providers of complex needs services within the county.

Our Community Support Services provide advice, information, onward referral and holistic support to people who are experiencing mental ill-health or need help with 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 to services; signposting; help to reduce episodes of crisis and building life skills. In Three Rivers we also provide intensive support for people experiencing domestic abuse

Our Bounce Back service forms an integral part of Hertfordshire Mind Network’s (HMN) Community Services, providing one-to-one outreach support to facilitate a smooth, timely and supportive discharge from hospital back into the community, this service is present in Kingfisher Court and Albany Lodge as well as running out of both A&E’s (Watford and Lister) in the county.

Our countywide Flourish service is here to provide advice, information, onward referral and holistic support to refugees and asylum seekers who are experiencing challenges that are impacting their mental health. The service provides person-centred one-to-one support to help individuals settle in the UK. It is available to those aged 16 and above, offering up to ten sessions of holistic support. The service also has peer support groups across the county both in local hotspots and asylum hotels.

The Housing Support Service is here to provide housing advice, information, representations, onward referral and holistic support to people who are experiencing mental ill-health or who need help with their mental wellbeing and housing issues (not including homelessness).

Our Complex Needs Housing Service provides advice, information, onward referral and holistic 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 as homeless at District and Borough councils. We work alongside the person to develop a tailored package of support that meets their needs, working with them to find the solutions that are right for them.

The Domestic Abuse Service is available in Watford and Three Rivers. Our Domestic Abuse Caseworkers can provide support to anyone over the age of 16 who are experiencing domestic abuse. We deliver an easy-toaccess, high quality service, providing a range of support, based on the needs and wishes of the individual. We will listen without judgement and will help the person to explore their options and make their own choices, taking actions at a pace that is right for them.

We can also help individuals to access alternative accommodation, safety planning and access to health care if needed.

Our Primary Care Network Service is here to provide advice, information, onward referral and holistic support to individuals aged 16+ who are experiencing mental ill health and would like to access 6-10 sessions of tailored one-to-one support to improve their wellbeing. The team work closely with local GP practices, ensuring that individuals can access the support that is right for them.

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

REPORT ON PRINCIPAL ACTIVITIES (CONTINUED)

3. Peer Support

Our countywide Peer Support Service offers flexible support for adults experiencing mental ill health and those that care for and support them.

The service is staffed by a team of Peer Support workers, who have a lived experience of mental ill health and will work in collaboration with clients to develop an individually-tailored package of support that meets their needs.

Through providing safe and accepting 1:1 support, Peer Support Groups and Peer Learning Courses, the service enables clients to explore their strengths and resources and find solutions.

We also provide a Peer Mentoring Service . This service is staffed by trained volunteers who offer up to 12 sessions of person-centred one-to-one support. Volunteers provide emotional and practical support and can do so face-to-face, by phone or on Zoom.

Our Mums Matter service provides peer support to new mother’s with 0-2 year olds. Through psychoeducation and peer support, we support individuals with:

We have continued to develop this service, facilitating volunteering opportunities for those who have completed the course, to hold monthly peer support groups. Through this expansion, we have been able to embed social interaction and community connection after the Mums Matter course has finished.

4. Wellbeing and Counselling

A major part of our service provision focuses on prevention, access to early help and improving health and wellbeing both physically and emotionally.

Support for Carers is a key part of our prevention strategy and we offer Peer Support groups, counselling and a range of other provision such as pottery, yoga and self-supporting Art.

Our Wellbeing Centres and services are supported and enhanced by a large team of skilled and committed volunteers . The support of our volunteers is invaluable and we wouldn’t be able to provide all of the services that we do without their help.

We have continued to develop our groups and activities throughout this period. We now have 23 groups across the county, including online and face to face meeting places, self-supporting groups, art, carers support groups, music groups, Peer Support groups and a LGBTQ+ group

We offer a wide variety of Volunteering Opportunities and currently have 137 volunteers across multiple services. We strongly encourage our clients to engage in the training to find a placement within the organisation. Meaningful occupation is accepted as the basis of recovery and community inclusion. Clients often use the training and work experience as the first step to employment working initially a few hours a week and building confidence and skills in the process.

Our Wellbeing Access Workers promote our HMN services and support access to statutory services through our partnership with Hertfordshire Partnership NHS University Foundation Trust. This reduces barriers to accessing Hertfordshire Mind Network and Wellbeing Service services/ promoting awareness of mental health and support services available to residents of Hertfordshire.

Our respected Counselling Service is available at all our Wellbeing Centres. Our counselling team consists of experienced and placement counsellors who use a client-centred approach. We provide a supportive and confidential service and offer up to 10 counselling sessions. Anyone can make a referral to this service and we are able to offer reduced fees to clients and operate a sliding scale from £40-£10.

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

REPORT ON PRINCIPAL ACTIVITIES (CONTINUED)

4. Wellbeing and Counselling (continued)

Our IAPT Counselling Service has a team of experienced IAOT counsellors who can provide eight free sessions of one-to-one counselling, giving individuals a weekly space to reflect on their experiences in a safe and confidential environment. Referrals can be made by GP’s for Hertfordshire residents who are 16 and above.

Our open access With Youth service provides online support to children and young people experiencing mental ill health and/or emotional distress. This is a countywide service available for any Hertfordshire resident aged 5- 18, as well as parents, carers, and professionals.

The service operates 7 days a week, to help children and young people, and their families, to build resilience by working with them to problem solve and develop coping strategies, coming up with solutions that will enable them to improve their own health and wellbeing. We do this through a range of digital platforms, to provide 1:1 support, groups, and immediate help via our helpline and instant messaging service. We will also provide advice and guidance to parents/families/carers and professionals to ensure a holistic response to supporting the individual and creating a network around them to empower and enable positive change.

As part of this service, we have partnered with BFB Labs to offer Young People across Hertfordshire free, instant access to Lumi Nova: Tales of Courage, a digital therapy delivered through a fun and engaging mobile game to help 7-12 years olds learn how to manage and reduce symptoms of anxiety.

Spot the Signs & Emotional Wellbeing Campaign is a fully-funded programme offering training and workshops to children and young people (CYP), CYP’s 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. This 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 creative strategies to support and manage their mental health and emotional wellbeing.

This year, we launched three Herts Haven Café’s , in Watford, Hemel Hempstead and Stevenage piloting free, drop-in support. Through this service, we provide immediate emotional support to any 10-18 year old in mental health need.

Our Future Youth service provides one to one mentoring support, delivered face-to-face in the community for a period of up to 6 months for 12-18 years olds living in East and North Herts (depending on the needs and goals of the young person).

Our approach is centred around combining practical & emotional support to aid young people in reaching their goals, which are linked to their mental health & emotional wellbeing.

Each young person is allocated their own dedicated mentor – who can support their needs and build a strong working relationship, whereby the young person will feel empowered to overcome barriers they may be facing.

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

REPORT ON PRINCIPAL ACHIEVEMENTS (CONTINUED)

5.Training and Education

We have extensive experience within the field of mental health training and are recognised as a leading provider of mental health-related training in Hertfordshire.

We develop and deliver high quality training services both online and in-person, to voluntary, statutory and private sector organisations locally with a focus on mental health and wellbeing.

Whether it’s mindfulness for teaching staff, self-compassion for male carers, emotional resilience for rugby referees, mental health awareness in the workplace for estate agents, suicide and crisis training for construction companies or peer support for walking group members, our extensive catalogue of high-quality training can meet the needs of individuals, organisations and companies.

Training and courses can be adapted to requirements and high-quality bespoke courses and training can be written and delivered for any organisation, workplace, charity and community group.

In January 2024 we launched our new bespoke training website:

www.hertsmindnetworktraining.org

ACHIEVEMENTS AND PERFORMANCE

During this twelve-month period, 15,919 people have accessed our services.

Adult provision

HMN supported 7,032 adults during this twelve-month period providing:

In addition to the above service activity, we are also part of the countywide Hertswise service. This is a service for people living with dementia (with or without a diagnosis), low-level memory loss or mild cognitive impairment and their family, friends and carers.

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

This partnership has supported:

Children & Young People provision

HMN supported 8,887 CYP during this twelve-month period providing, broke down as follows:

Through its work HMN has had a major impact on many individuals’ lives and as a result has had many public benefits, including:

HERTS MIND NETWORK LIMITED

DIRECTORS' REPORT FOR THE YEAR ENDED 31 MARCH 2024

PLANS FOR FUTURE PERIODS

The Board are fully aware of the risk of further potential cuts in statutory funding, and the implications of such cuts are discussed by the Board. The Board continues to develop plans to ensure that HMN can still deliver high quality services should further cuts in statutory funding arise. The Charity will continue to seek funding to support its work in a variety of ways, including partnership working, direct grant application and developing other income streams.

The key areas of attention are detailed below:

SERVICE PROVISION

CAMPAIGNING

To continue to seek funding to enable us to lead the way in raising awareness on mental health issues and continue to challenge the stigma and prejudice surrounding mental ill health.

To continue to work alongside county organisations, both statutory and voluntary, to ensure that mental health remains a high priority on the NHS health agenda.

AUDITORS

Myers Clark offer themselves for reappointment at the AGM.

This report is prepared in accordance with the small companies regime (Section419) (2) of the Companies act 2006).

Approved by the Board of Directors and signed on behalf of the Board.

Elena Lokteva (Treasurer) Director Dated: 9 October 2024

Jess Lievesley (Chair) Director Dated: 9 October 2024

HERTS MIND NETWORK LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS OF HERTS MIND NETWORK LIMITED

Opinion

We have audited the financial statements of Herts Mind Network Limited (the ‘charitable company’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including 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:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Board of Directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other 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:

HERTS MIND NETWORK LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE BOARD OF DIRECTORS OF HERTS MIND NETWORK LIMITED

Matters on which we are required to report by exception

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

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Board of Directors

As explained more fully in the statement of directors' responsibilities, the Board of Directors, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Board of Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Board of Directors are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The extent to which the audit was considered capable of detecting irregularities including fraud

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following;

HERTS MIND NETWORK LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE BOARD OF DIRECTORS OF HERTS MIND NETWORK LIMITED

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this 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 company’s ability to operate or to avoid a material penalty. These included Employment law.

Audit response to risks identified

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Windmill (Senior Statutory Auditor)

for and on behalf of Myers Clark 28 October 2024

Chartered Accountants Statutory Auditor

Egale 1 80 St Albans Road Watford Hertfordshire WD17 1DL

HERTS MIND NETWORK LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
28,265
36,484
Charitable activities
4
205,163
5,481,751
Other trading activities
5
75,950
-
Other income
6
55,063
-
Total income
364,441
5,518,235
Expenditure on:
Charitable activities
7
1,339,972
3,981,757
Net
(outgoing)/incoming
resources before
transfers
(975,531)
1,536,478
Gross transfers between
funds
1,087,922
(1,087,922)
Net income for the year/
Net movement in funds
112,391
448,556
Fund balances at 1 April
2023
295,369
493,538
Fund balances at 31
March 2024
407,760
942,094		 Total Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
64,749
27,975
-
5,686,914
190,644
4,063,385
75,950
47,100
-
55,063
54,798
-
5,882,676
320,517
4,063,385
5,321,729
1,189,597
3,001,176
560,947
(869,080)
1,062,209
-
723,199
(723,199)
560,947
(145,881)
339,010
788,907
441,250
154,528
1,349,854
295,369
493,538		 Total
2023
£
27,975
4,254,029
47,100
54,798
4,383,902
4,190,773
193,129
-
193,129
595,778
788,907

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

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

HERTS MIND NETWORK LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024

2024
Notes
£
Fixed assets
Intangible assets
12
Tangible assets
13
Current assets
Debtors
14
1,145,233
Cash at bank and in hand
1,837,912
2,983,145
Creditors: amounts falling due within
one year
15
(1,937,294)
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
17
Unrestricted funds
18		 2023
£
£
78,666
225,337
304,003
1,175,746
1,355,021
2,530,767
(1,917,935)
1,045,851
1,349,854
942,094
407,760
1,349,854		 £
84,703
91,372
176,075
612,832
788,907
493,538
295,369
788,907

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board Of Directors on 9 October 2024

Elena Lokteva (Treasurer) Director

Jess Lievesley (Chair) Director

Company Registration No. 5532977

HERTS MIND NETWORK LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
24
Investing activities
Purchase of intangible assets
Purchase of tangible fixed assets
Net cash used in investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
(34,516)
(176,373)		 £
693,780
(210,889)
-
482,891
1,355,021
1,837,912		 2023
£
(83,490)
(40,677)		 £
627,395
(124,167)
-
503,228
851,793
1,355,021

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Herts Mind Network Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 501 St Albans Road, Watford, Herts, WD24 7RZ.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006 and "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 (SORP FRS 102) (effective 1 January 2019)". The charitable company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Board of Directors have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the Board of Directors continue 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 objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on the accruals basis.

Where costs cannot be directly attributed to an activity including support and office costs they have been allocated to activity cost categories on a basis consistent with the use of the resource i.e. estimated time spent or resource used.

1.6 Intangible fixed assets other than goodwill

Intangible assets over £1,000 acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

The primary intangible asset is the charity database which is central to the organisation. None of this expenditure is regarded as research and development cost, but as live improvement to reflect service requirements.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Charity database 33% p.a. straight line UEC Capital Wellbeing Centre 33% p.a. straight line UEC Capital Funding Assets 33% p.a. straight line

1.7 Tangible fixed assets

Tangible fixed assets over £1,000 are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings (conservatory) 10% p.a. straight line (33% p.a. straight line on the boiler housed in a leased building) Fixtures and fittings 10% or 20% or 33% p.a. straight line Office equipment 33% p.a. straight line UEC Capital Funding Assets 20% or 33% p.a. straight line UEC Capital Wellbeing Centre 10% or 20% or 33% p.a. straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.10 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.11 Taxation

Herts Mind Network Ltd is a registered charity, and is exempt from corporation tax on its income and gains to the extent that they are applied to the charitable objectives. No tax charge has arisen in the year.

1.12 Employee benefits

The costs of short term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Herts Mind Network Ltd offers a contributory pension scheme to its employees via The Pensions Trust (www.thepensiontrust.org.uk). Employees are auto-enrolled after three months' service, unless they choose to opt out. Pension contributions payable under a defined contribution scheme are charged to the Statement of Financial Activities in the period to which they relate. There are no debt or deficit implications attached to historical participation in the scheme requiring disclosure in the accounts.

1.13 Irrecoverable VAT

Irrecoverable VAT is allocated to the cost associated with the invoice on which VAT is charged.

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.14 Gifts and Donation In Kind

Where goods or services are provided to the charitable company as a donation that would normally be purchased from suppliers, the contribution is included as an estimate based on commercial values.

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the Board of Directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Donations and legacies
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
7,122
36,484
Legacies receivable
21,143
-
28,265
36,484		 Total
Unrestricted
funds
2024
2023
£
£
43,606
27,975
21,143
-
64,749
27,975
27,975

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities

For the year ended 31 March 2024

Crisis
Intervention
£
Income from charitable activities
1,580,447
Analysis by fund
Unrestricted funds
96,422
Restricted funds
1,484,025
1,580,447		 Complex
Needs
Peer Support Wellbeing and
Counselling
Training and
Education
£
£
£
£
1,597,986
467,316
1,722,582
112,414
-
-
27,777
80,964
1,597,986
467,316
1,694,805
31,450
1,597,986
467,316
1,722,582
112,414		 Capital
Funding
£
206,169
-
206,169
206,169		 Total
2024
£
5,686,914
205,163
5,481,751
5,686,914		 Total
2023
£
4,254,029
190,644
4,063,385
4,254,029

Included within Crisis Intervention is a Grant in Kind for rent of £96,422 for the year ended 31 March 2023 (£93,468 for the year ended 31 March 2023).

The total income received from government grants was £5,026,824 for the year ended 31 March 2024 (£3,998,888 for the year ended 31 March 2023).

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

(Continued)

For the year ended 31 March 2023

Crisis
Intervention
£
Income from charitable
activities
1,340,519
Analysis by fund
Unrestricted funds
93,468
Restricted funds
1,247,051
1,340,519
5
Other trading activities
Fundraising events
6
Other income		 Complex
Needs
Peer
Support
Wellbeing
and
Counselling
Training and
Education
Total
2023
£
£
£
£
£
1,169,712
342,823
1,273,567
127,408
4,254,029
-
-
39,271
57,905
190,644
1,169,712
342,823
1,234,296
69,503
4,063,385
1,169,712
342,823
1,273,567
127,408
4,254,029
Unrestricted
Restricted
Total Unrestricted
funds
funds
funds
2024
2024
2024
2023
£
£
£
£
75,950
-
75,950
47,100		 Total
2023
£
4,254,029
190,644
4,063,385
4,254,029
**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Other income 16,858 15,721
Rental income and Room Hire 38,205 39,077
55,063 54,798

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

7 Charitable activities

For the year ended 31 March 2024

For the year ended 31 March 2024
Crisis
Intervention
£
Staff costs
643,443
Other Staff costs
296,909
External Facilitators
413
Training
339
Recruitment
287
Travel
50,224
991,615
Share of support costs (see note 9)
219,566
Share of governance costs (see note 9)
35,328
1,246,509
Analysis by fund
Unrestricted funds
96,422
Restricted funds
1,150,087
1,246,509		 Complex
Needs
£
841,073
55,261
-
760
23,593
89,371
1,010,058
101,661
35,072
1,146,791
-
1,146,791
1,146,791		 Peer
Support
Wellbeing
and
Counselling
Training and
Education
£
£
£
281,795
1,235,274
83,087
160
141,575
15,927
-
9,973
-
1,799
5,209
4,617
-
6,918
-
16,869
26,948
2,710
300,623
1,425,897
106,341
35,400
811,300
12,878
11,286
113,097
2,967
347,309
2,350,294
122,186
-
1,135,060
108,490
347,309
1,215,234
13,696
347,309
2,350,294
122,186		 Capital
Funding
£
-
-
-
-
-
-
-
103,179
5,461
108,640
-
108,640
108,640		 Total
2024
£
3,084,672
509,832
10,386
12,724
30,798
186,122
3,834,534
1,283,984
203,211
5,321,729
1,339,972
3,981,757
5,321,729		 Total
2023
£
2,369,007
448,511
10,312
3,320
31,096
144,694
3,006,940
965,518
218,315
4,190,773
1,189,597
3,001,176
4,190,773

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

7 Charitable activities

(Continued)

For the year ended 31 March 2023

Crisis
Intervention
£
Staff costs
485,490
Other Staff costs
265,451
External Facilitators
-
Training
625
Recruitment
231
Travel
49,369
801,166
Share of support costs (see note 9)
140,514
Share of governance costs (see note 9)
41,778
983,458
Analysis by fund
Unrestricted funds
-
Restricted funds
983,458
983,458		 Complex
Needs
£
524,499
88,191
1,541
1,261
24,154
47,983
687,629
73,895
26,387
787,911
-
787,911
787,911		 Peer
Support
Wellbeing
and
Counselling
Training and
Education
£
£
£
215,868
1,043,617
99,533
423
80,551
13,895
270
8,501
-
178
903
353
-
6,690
21
11,906
33,091
2,345
228,645
1,173,353
116,147
23,315
715,484
12,310
10,099
136,011
4,040
262,059
2,024,848
132,497
-
1,106,050
83,547
262,059
918,798
48,950
262,059
2,024,848
132,497		 Total
2023
£
2,369,007
448,511
10,312
3,320
31,096
144,694
3,006,940
965,518
218,315
4,190,773
1,189,597
3,001,176
4,190,773

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

8 Board Of Directors

None of the Board of Directors (or any persons connected with them) received any remuneration or benefits from the charitable company during the year. Trustee expenses of £311 were incurred for the year ended 31 March 2024 (£171 for the period ended 31 March 2023).

9 Support costs

Staff costs
Depreciation
Premises
IT Costs
Training
Office Running Costs
Accountancy
Other
Communications
Legal & professional
Marketing expenses
Audit fees
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
239,919
102,822
78,813
4,148
425,140
22,375
278,610
14,664
12,079
-
39,828
2,096
2,850
150
50,599
29,717
52,604
2,769
86,616
4,559
16,926
891
-
19,020
1,283,984
203,211
1,283,984
203,211		 2024
£
342,741
82,961
447,515
293,274
12,079
41,924
3,000
80,316
55,373
91,175
17,817
19,020
1,487,195
1,487,195		 Support
costs
Governance
costs
£
£
184,256
78,967
30,806
1,621
319,071
16,793
244,076
12,846
3,152
-
21,436
1,128
-
-
162,721
95,566
-
-
-
-
-
-
-
11,394
965,518
218,315
965,518
218,315		 2023
£
263,223
32,427
335,864
256,922
3,152
22,564
-
258,287
-
-
-
11,394
1,183,833
1,183,833

Support costs are apportioned based on estimated time spent on each activity.

10 Employees

The average monthly number of employees during the year was:

Charitable Activities
Governance
Total		 2024
Number
129
3
132		 2023
Number
100
3
103

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

10
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2024
2023
£
£
3,103,069
2,380,445
248,640
196,600
75,704
55,185
3,427,413
2,632,230		 (Continued)
2024
2023
£
£
3,103,069
2,380,445
248,640
196,600
75,704
55,185
3,427,413
2,632,230
2,632,230

Total redundancy and termination payments in the year amounted to £6,800 (2023: £nil) and related to redundancy and settlement payments.

Termination payments are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination payments.

At the balance sheet date (31 March 2024), all payments in relation to redundancy and termination payments were paid within the year and no balance is included within creditors at the year end.

The number of employees whose annual remuneration was more than £60,000 is as follows:

£80,001 - £90,000
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 2024
Number
1
2024
£
284,296		 2023
Number
1
2023
£
262,410

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

12
Intangible fixed assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Amortisation and impairment
At 1 April 2023
Amortisation charged for the year
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Charity
database
UEC Capital
Wellbeing
Centre
UEC Capital
Funding Assets
£
£
£
39,861
-
73,032
6,390
2,412
25,714
46,251
2,412
98,746
24,051
-
4,139
8,999
598
30,956
33,050
598
35,095
13,201
1,814
63,651
15,810
-
68,893		 Total
£
112,893
34,516
147,409
28,190
40,553
68,743
78,666
84,703

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

13 Tangible fixed assets

Leasehold land
and buildings
(conservatory)
Fixtures and
fittings
Office
equipment
UEC Capital
Funding Assets
UEC Capital
Wellbeing
Centre
£
£
£
£
£
Cost
At 1 April 2023
62,544
66,586
12,414
34,143
-
Additions
-
-
-
23,523
152,850
Disposals
-
-
(696)
-
-
At 31 March 2024
62,544
66,586
11,718
57,666
152,850
Depreciation and impairment
At 1 April 2023
15,159
55,186
11,907
2,063
-
Depreciation charged in the year
6,257
7,567
461
14,997
13,126
Eliminated in respect of disposals
-
-
(696)
-
-
At 31 March 2024
21,416
62,753
11,672
17,060
13,126
Carrying amount
At 31 March 2024
41,128
3,833
46
40,606
139,724
At 31 March 2023
47,385
11,400
507
32,080
-		 Total
£
175,687
176,373
(696)
351,364
84,315
42,408
(696)
126,027
225,337
91,372

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
16
Trade creditors
Other creditors
Accruals and deferred income
16
Deferred income
Deferred grant income		 2024
£
1,027,779
8,863
108,591
1,145,233
2024
£
66,975
1,588,825
252,016
8,473
21,005
1,937,294
2024
£
1,588,825		 2023
£
1,060,261
5,863
109,622
1,175,746
2023
£
64,489
1,666,814
152,304
15,176
19,152
1,917,935
2023
£
1,666,814

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Balance at
1 April 2022
£
Restricted funds
154,528
154,528		 Movement in funds
Incoming
resources
Resources
expended
£
£
4,063,385
(3,001,176)
4,063,385
(3,001,176)		 Transfers
Balance at
1 April 2023
£
£
(723,199)
493,538
(723,199)
493,538		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2024
£
£
£
£
5,518,235
(3,981,757)
(1,087,922)
942,094
5,518,235
(3,981,757)
(1,087,922)
942,094		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2024
£
£
£
£
5,518,235
(3,981,757)
(1,087,922)
942,094
5,518,235
(3,981,757)
(1,087,922)
942,094
942,094

All restricted funds are held for projects being undertaken to fulfil the charitable objectives of the charity as stipulated by the funders.

A detailed breakdown of the restricted funds can be found in the appendix to these accounts.

18 Unrestricted funds

Balance at 1
April 2022
£
Unrestricted funds
441,250
441,250		 Movement in funds
Incoming
resources
Resources
expended
£
£
320,517
(1,189,597)
320,517
(1,189,597)		 Transfers
Balance at
1 April 2023
£
£
723,199
295,369
723,199
295,369		 Movement in funds
Incoming
resources
Resources
expended
£
£
364,441
(1,339,972)
364,441
(1,339,972)		 Transfers
Balance at
31 March 2024
£
£
1,087,922
407,760
1,087,922
407,760		 Transfers
Balance at
31 March 2024
£
£
1,087,922
407,760
1,087,922
407,760
407,760

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2024
2024
£
£
Fund balances at 31
March are
represented by:
Intangible fixed assets
13,201
65,465
Tangible assets
45,007
180,330
Current assets/(liabilities)
349,552
696,299
407,760
942,094		 Total Unrestricted
funds
Restricted
funds
2024
2023
2023
£
£
£
78,666
15,810
68,893
225,337
59,292
32,080
1,045,851
220,267
392,565
1,349,854
295,369
493,538		 Total
2023
£
84,703
91,372
612,832
788,907

20 Operating lease commitments

Lessee

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2024
£
57,938
60,000
117,938		 2023
£
75,289
111,833
187,122

21 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024 2023
£ £
Aggregate compensation 284,296 262,410

22 Guarantee

Herts Mind Network is a Company Limited by Guarantee.

Each director provides a guarantee limited to £10 which would be payable in the event the Company is wound up.

23 Analysis of changes in net funds

The charitable company had no material debt during the year.

HERTS MIND NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

24
Cash generated from operations
Surplus for the year
Adjustments for:
Amortisation and impairment of intangible assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase in creditors
(Decrease)/increase in deferred income
Cash generated from operations		 2024
2023
£
£
560,947
193,129
40,553
12,278
42,408
20,150
30,513
(374,775)
97,348
136,054
(77,989)
640,559
693,780
627,395
Funds Analysis for Statutory Reporting
Restricted
100 – Crisis Intervention
100-101 STP Crisis Funding
100-111 A&E Link Workers
100-111 HCC Nightlight
100-115 Crisis Winter Funding
Total 100 – Crisis Intervention
200 – Complex Needs
200-102 3R CSS
200-106 Domestic Abuse Countywide
200-107 Flourish
200-108 Bounce Back Dual Diagnosis
200-110 Paradigm Housing
200-113 PCN Project
200-114 CNH
200-117 Hertsmere CSS
200-121 Watford & Three Rivers Domestic Abuse
200-122 MHLDA HCP
200-123 Hatfield/Welwyn CSS
200-209 Bounce Back Inpatient
200-213 Bounce Back Serious Violence
200-105 3R CSS Covid Funding
Contract Finished 3R DAC
Contract Finished Broxbourne PCN
Contract Finished Watford Healthy Hub
HCC Household Support Fund - Feb 24 LS
HCC Household Support Fund - Feb 24 OS
HCC Household Support Fund - Feb 24 RM
HCC Household Support Fund - Kate Chan
HCC Household Support Fund - LS
HCC Household Support Fund - Olivia S 06/03
HCC Household Support Fund - Olivia S 07/03
Household Support Fund - Sept 23
Household Support Fund 21/03/24 - Leagha
Household Support Fund 3RDC 100-102(December 22)
Household Support Fund March 24 - S Chapman
League of Helping Hands - 114
W&TR Household Support Fund Sept 23
Watford & 3R Household Support Fund - Feb 24
Watford & 3R HSF 200-120 - March 23
Three Rivers Household Support Fund 100-102 - January 2022
Total 200 – Complex Needs
300 – Peer Support
300-206 HCC Peer Support
Total 300 – Peer Support
400 – Wellbeing and Counselling
400-112 Hertswise
400-203 NHS Counselling
400-204 Physical Activity Programme
400-205 Drama Partnership
400-207 HCC Wellbeing
400-211 VCFSE Resources
400-212 Mind Business Continuation Fund
400-302 Spot the Signs (CYP)
400-306 IAPT Access & Engagement
400-307 Mum's Matter
400-311 Spark East Herts
400-312 With YOUth
400-314 Spark North Herts
400-315 Spark Watford
400-318 CYP Wellbeing Cafes
400-320 Future Youth Mentoring Service
Co-op Donation for Meeting Places(207)
Contract Finished BBO HYF
Contract Finished Waiting Time Initiative
HCC Winter Grant 23 Hertswise AMS
HCC Winter Grant 23 Hertswise JT
HCC Winter Grant 23 Hertswise MG
HCC Winter Grant 23 Wellbeing
Total 400 – Wellbeing and Counselling
500 - Training and Education
500-605 Training CYP
A-605 BS College Prep
B-605 Helping Herts
C-605 Goffs Academy
D-605 Merchant Taylors
E-605 St Clement Danes
Total 500-605 Training CYP
Contract Finished Step2Skills
Total 500 - Training and Education
800 - Capital Funding
800-313 UEC Capital Funding
800-316 UEC Capital Funding Wellbeing Centre
800-317 UEC Capital Infrastructure
800-319 UEC Capital - IT / Video Equipment
800-321 UEC Capital
Total 800 - Capital Funding
700-503 Restricted Donations
Total Restricted		 Funds as of
31 Mar 23
Incoming
Resourses
Transfers
to/from
Unrestricted
Total
Incoming
Resourses
Staff
Cost
Non-Staff
Cost
Total
Resources
Expended
Funds as of
31 Mar 24
10,807 694,253 (129,834) 564,419 (486,214) (114,884) (601,099) (25,872)
25,364 71,776 (20,467) 51,309 (15,132) (6,995) (22,127) 54,545
6,666 403,796 (104,009) 299,787 (238,318) (17,206) (255,524) 50,928
19,808 314,200 (55,732) 258,468 (267,306) (4,028) (271,335) 6,941
62,645 1,484,025 (310,042) 1,173,983 (1,006,971) (143,114) (1,150,085) 86,543
(61)
(61) (61)
20,275 70,665 (19,770) 50,895 (42,897) (2,532) (45,429) 25,741
1,113 - 17,000 17,000 (17,546) (488) (18,033) 80
13,861 315,625 (69,365) 246,260 (186,355) (28,520) (214,875) 45,246
70,336 274,030 (79,429) 194,601 (174,859) (3,278) (178,138) 86,799
(2,247) 31,336 (3,964) 27,373 (26,969) (1,407) (28,376) (3,250)
10,579 186,636 (31,834) 154,802 (143,220) (3,963) (147,182) 18,199
75,090 244,389 (71,693) 172,696 (172,940) (46,237) (219,177) 28,609
7,787 74,356 (13,248) 61,108 (56,752) (2,664) (59,415) 9,479
77,996 (6,463) 71,534 (43,735) (4,482) (48,217) 23,316
34,798 (5,156) 29,642 (18,713) (1,190) (19,904) 9,738
17,299 (2,820) 14,479 (13,104) (945) (14,049) 430
15,079 119,328 (46,583) 72,745 (60,940) (2,731) (63,670) 24,154
8,210 (1,195) 7,015 (149) (2,299) (2,448) 4,567
(2,733)
-
- (2,733)
7,096 41,219 (17,876) 23,343 (29,613) (826) (30,439) -
2,273 20,799 (14,803) 5,996 (8,138) (131) (8,269) -
9,775 55,208 (15,138) 40,070 (30,304) (493) (30,797) 19,048
2,000 - 2,000 - (2,000) (2,000) -
2,248 - 2,248 - - - 2,248
2,000 - 2,000 - - - 2,000
1,531 - 1,531 - (1,480) (1,480) 51
2,556 - 2,556 - (2,556) (2,556) -
159 - 159 - - - 159
559 - 559 - - - 559
5,000 - 5,000 - (4,158) (4,158) 842
509 - 509 - - - 509
868 - - - - (848) (848) 20
2,000 - 2,000 - - - 2,000
259 - 259 - (259) (259) -
3,645 - 3,645 - (3,011) (3,011) 634
3,625 - 3,625 - (2,000) (2,000) 1,625
2,611 - - - - (2,000) (2,000) 611
315
-
- 315
232,078 1,597,986 (382,337) 1,215,649 (1,026,294) (120,497) (1,146,790) 300,937
-
9,514 467,316 (121,776) 345,540 (332,480) (14,827) (347,308) 7,746
9,514 467,316 (121,776) 345,540 (332,480) (14,827) (347,308) 7,746
-
16,311 172,939 (19,300) 153,639 (142,000) (34,680) (176,680) (6,730)
(7,608) 201,600 - 201,600 (180,064) (13,414) (193,478) 514
2,883 - - - (526) - (526) 2,356
(480) 10,000 (3,305) 6,695 - (6,215) (6,215) -
14,646 341,458 (110,350) 231,107 (223,743) (13,524) (237,267) 8,486
2,876 1,314 - 1,314 (1,000) (134) (1,134) 3,056
45,000 (5,000) 40,000 (117) (19,029) (19,146) 20,854
25,317 61,948 (25,741) 36,207 (38,737) (4,294) (43,031) 18,493
10,584 68,738 (11,647) 57,091 (44,921) (1,240) (46,161) 21,514
(24,221) 32,512 19,667 52,179 (33,452) (858) (34,311) (6,352)
546 10,749 (1,419) 9,330 (6,549) (876) (7,425) 2,450
30,090 422,000 (84,209) 337,791 (175,966) (139,957) (315,923) 51,957
(434) 10,536 (4,601) 5,935 (4,385) (1,122) (5,507) (5)
(515) 10,536 1,726 12,262 (5,687) (1,626) (7,313) 4,434
308,217 (51,541) 256,676 (60,582) (41,933) (102,515) 154,161
- 35,459 35,459 (10,083) (181) (10,264) 25,195
- - - - (489) (489) (489)
- 2,538 2,538 - (2,538) (2,538) -
5,312 - (1,540) (1,540) (3,732) (39) (3,771) -
500 - 500 - (499) (499) 1
520 - 520 - (504) (504) 16
520 - 520 - (337) (337) 183
200 - 200 - (200) (200) -
75,307 1,699,287 (259,265) 1,440,022 (931,546) (283,689) (1,215,234) 300,095
6,438 - 6,438 - (24) (24) 6,414
12,033 18,181 (15,291) 2,890 (2,616) (649) (3,265) 11,659
5,570 - (5,570) (5,570) - - - -
13,813 22,702 (13,813) 8,889 - - - 22,702
820 - (820) (820) - - - -
750 7,791 (794) 6,997 - - - 7,747
3,003 - (3,003) (3,003) - - - -
(22,721) 8,338 24,789 33,127 (10,217) (190) (10,406) -
13,269 63,451 (14,502) 48,949 (12,832) (864) (13,696) 48,522
-
100,610 4,147 - 4,147 - (38,382) (38,382) 66,375
155,263 - 155,263 - (48,673) (48,673) 106,590
25,714 - 25,714 - (16,950) (16,950) 8,764
13,045 - 13,045 - (4,184) (4,184) 8,861
8,000 - 8,000 - (452) (452) 7,548
100,610 206,169 - 206,169 - (108,640) (108,640) 198,138
117
-
- 117
493,538 5,518,235 (1,087,922) 4,430,313 (3,310,123) (671,630) (3,981,757) 942,099
Total Unrestricted 295,369 364,441 1,087,922 1,452,363 (708,513) (528,674) (1,339,972) 407,760
TOTAL 788,907 5,882,676 - 5,882,676 (4,018,636) (1,200,305) (5,321,729) 1,349,854

35

RESTRICTED FUNDS - CURRENT YEAR
100 – Crisis Intervention
100-101 STP Crisis Funding
100-111 A&E Link Workers
100-111 HCC Nightlight
100-115 Crisis Winter Funding
100-313 UEC Capital Funding
Total 100 – Crisis Intervention
200 – Complex Needs
200-102 3R CSS
200-103 3R DAC
200-105 3R CSS Covid Funding
200-106 Domestic Abuse Countywide
200-107 Flourish
200-108 Bounce Back Dual Diagnosis
200-110 Paradigm Housing
200-113 PCN Project
200-114 CNH
200-117 Hertsmere CSS
200-119 Broxbourne PCN
200-120 Watford Healthy Hub
200-209 Bounce Back Inpatient
Contract Finished 3R DAP
Contract Finished 3R Healthy Hub
Contract Finished Complex Needs Service
Household Support Fund 100-102 - June 2022
Household Support Fund 100-120 - March 2022
Household Support Fund 3RDC 100-102(December 22)
PCN Dacorum
PCN Hertsmere
PCN Watford & 3R
Three Rivers Household Support Fund 100-102 - January 2022
Watford & 3R Household Support Fund 100-120 - Sept 2022
Watford & 3R HSF 200-120 - March 23
Total 200 – Complex Needs
300 – Peer Support
300-206 HCC Peer Support
Contract Finished Dacorum Healthy Hub Peer Support
Contract Finished Lottery Funded Peer Support
Total 300 – Peer Support
400 – Wellbeing and Counselling
400-112 Hertswise
400-203 IAPT Counselling
400-204 Physical Activity Programme
400-205 Drama Partnership
400-207 HCC Wellbeing
400-210 Ukraine Refugee Support
400-211 VCFSE Resources
400-301 Waiting Time Initiative
400-302 Spot the Signs (CYP)
400-304 BBO Strive
400-304 BBO Strive Bursaries
400-305 BBO HYF
400-305 BBO HYF Bursaries
400-306 IAPT Access & Engagement
400-307 Mum's Matter
400-311 Spark East Herts
400-312 With YOUth
400-314 Spark North Herts
400-315 Spark Watford
Contract Finished 400-308 Youth Engagement Worker
Contract Finished Tackling Inequalities Fund
Total 400 – Wellbeing and Counselling
500 - Training and Education
500-201 Step2Skills
500-309 Mental Health Leads in Schools
500-605 Training CYP
A-605 BS College Prep
B-605 Helping Herts
C-605 Goffs Academy
D-605 Merchant Taylors
E-605 St Clement Danes
Total 500 - Training and Education
700-503 Restricted Donations
DoH - Stepping Out
Hertsmere Wllbeing Gatewat
100-104 3R DAP
Total Restricted
UNRESTRICTED FUNDS
TOTAL FUNDS		 Funds C'fwd
31st March
2022
Incoming
Resources
Transfers
(to)/from
unrestricted
Total
Incoming
Resources
Staff Costs
Non Staff
Costs
Total Resources
Expended
Funds C'fwd
31st March
2023
£
£
£
£
£
£
£
£
(834)
570,263 (78,511)
491,752 (388,162) (91,949) (480,111)
10,807
3,752 78,301 (11,412)
66,889 (44,479) (798) (45,277)
25,364
3,515 384,780 (68,022)
316,758 (284,083) (29,524) (313,606)
6,666
200,000 (42,293)
157,707 (100,449) (37,450) (137,899)
19,808
107,175
- 107,175
- (6,565) (6,565)
100,610
6,433 1,340,519 (200,238) 1,140,281 (817,173) (166,287) (983,460)
163,255
3,152 75,913 (8,240)
67,673 (46,727) (3,822) (50,550)
20,275
6,752 57,862 (13,840)
44,022 (42,205) (1,473) (43,678)
7,096
(329)
28,482 329 28,812 (30,958) (258) (31,216) (2,733)
- - 12,507 12,507 (10,178) (1,216) (11,393)
1,113
- 163,327 (43,726)
119,601 (93,796) (11,944) (105,740)
13,861
- 117,618 (16,924)
100,694 (23,440) (6,918) (30,358)
70,336
(1,710)
25,368 (2,820)
22,548 (22,811) (272) (23,084) (2,247)
12,679 177,848 (40,394)
137,454 (134,151) (5,403) (139,555)
10,579
9,021 285,441 (30,395)
255,046 (99,161) (89,815) (188,977)
75,090
18,608 59,917 (19,164)
40,753 (49,191) (2,382) (51,574)
7,787
- 10,399 (50)
10,349 (6,961) (1,115) (8,076)
2,273
5,629 38,488 (8,000)
30,487 (25,505) (836) (26,341)
9,775
22,962 94,997 (56,404)
38,593 (42,516) (3,960) (46,475)
15,079
- - - - - - - -
(3,033)
6,157 3,669 9,826 (6,670) (122) (6,792)
-
(22)
- 22 22
- - - -
- 6,500
- 6,500
- (6,500) (6,500)
0
- 5,000
- 5,000
- (5,000) (5,000)
-
- 5,000
- 5,000
- (4,132) (4,132)
868
5,399
- (5,399) (5,399)
- - - -
1,757
- (1,757) (1,757)
- - - -
342
- (342) (342)
- - - -
- 2,885
- 2,885
- (2,570) (2,570)
315
- 4,400
- 4,400
- (4,400) (4,400)
-
- 4,111
- 4,111
- (1,500) (1,500)
2,611
81,206 1,169,712 (230,928)
938,784 (634,271) (153,640) (787,911)
232,078
46,280 341,157 (116,524)
224,633 (250,898) (10,500) (261,399)
9,514
333 1,666 (1,339)
328 (653) (8) (661)
-
(798)
- 798 798
- - - -
45,815 342,823 (117,065)
225,758 (251,551) (10,508) (262,059)
9,514
32,119 156,522 (23,166)
133,356 (127,183) (21,981) (149,164)
16,311
(5,227)
115,250 (11,520)
103,730 (95,587) (10,523) (106,110) (7,608)
- 4,229
- 4,229 (546) (800) (1,346)
2,883
- - - - - (480) (480) (480)
20,446 323,969 (99,500)
224,469 (219,260) (11,010) (230,269)
14,646
- 5,000 (417)
4,583
- (4,583) (4,583)
-
- 3,907
- 3,907
- (1,031) (1,031)
2,876
1,619 7,929 15,262 23,191 (18,827) (672) (19,499)
5,312
14,242 62,051 (8,187)
53,864 (36,694) (6,095) (42,789)
25,317
(37,259)
95,545 7,599 103,144 (61,105) (4,780) (65,885)
-
8,726 4,465 (7,783) (3,318)
- (5,408) (5,408)
-
(36,879)
29,471 54,174 83,645 (46,118) (648) (46,766)
-
8 483 (207)
275
- (284) (284)
-
8,850 64,248 (18,650)
45,598 (41,414) (2,450) (43,864)
10,584
(14,062)
33,702 (3,389)
30,313 (37,877) (2,594) (40,471) (24,221)
- 7,024 (890)
6,134 (4,049) (1,539) (5,588)
546
- 226,152 (42,515)
183,637 (66,183) (87,364) (153,547)
30,090
- - - - - (434) (434) (434)
- - - - (61) (454) (515) (515)
18,412
- (18,412) (18,412)
- - - -
147
- (147) (147)
- - - -
11,142 1,139,947 (157,749)
982,198 (754,903) (163,130) (918,033)
75,307
812 30,560 (10,171)
20,389 (41,486) (2,436) (43,922) (22,721)
2,918
- (828) (828) (2,081) (9) (2,090)
-
(15)
14,907
- 14,907 (2,556) (302) (2,858)
12,033
5,570
- 5,570
- - - 5,570
13,813
- 13,813
- - - 13,813
900
- 900
- (80) (80)
820
750
- 750
- - - 750
3,003
- 3,003
- - - 3,003
3,714 69,503 (10,999)
58,505 (46,122) (2,827) (48,950)
13,269
881
- 881
- (764) (764)
117
4,007
(4,007) (4,007)
- -
2,279
(2,279) (2,279)
- -
(65)
65 65
- -
154,528 4,063,385 (723,199) 3,340,187 (2,504,021) (497,156) (3,001,176)
493,538
441,250 320,517 723,199 1,043,716 (585,981) (603,617) (1,189,597)
295,369
595,778 4,383,902
- 4,383,903 (3,090,002) (1,100,773) (4,190,773)
788,907

36