**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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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:
- there is no relevant audit information of which the charitable company’s auditor is unaware; and
- the directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
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## **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.
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## **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.
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## **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.**
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## **HERTS MIND NETWORK LIMITED**
## **DIRECTORS' REPORT** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Our values**
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## **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.
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**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.
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## **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:
- Perinatal mental health support
- Groups and 1:1 support
- Psychoeducation and peer support
- Social activities
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.
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## **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.
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## **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:
- **549** Peer Mentoring sessions provided.
- **2,876** Peer Support sessions provided.
- **1,267** Counselling sessions.
- **4,008** IAPT Counselling sessions
- **1,298** individuals supported in crisis through HMN Crisis services.
- **9,968** referrals into Crisis Support, inclusive of **8,042** Nightlight Crisis Helpline calls
- **7,709** community support sessions.
- **704** support sessions were provided by the Three Rivers Domestic Abuse Service.
- **6,429 attendances** at Meeting Places.
- **126** new Mums provided with perinatal support.
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.
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## **HERTS MIND NETWORK LIMITED**
## **DIRECTORS' REPORT** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **ACHIEVEMENTS AND PERFORMANCE (CONTINUED)**
This partnership has supported:
- **2,175** people
- There have been **11,660** group attendances at **1,337** groups and **282** home visits.
- **422 carers** have been supported through the Hertswise partnership **.**
## **Children & Young People provision**
HMN supported **8,887** CYP during this twelve-month period providing, broke down as follows:
- **7,585** young people attended psychoeducational emotional wellbeing workshops held in schools and local community groups.
- **14 young people** accessed **96 one-to-one support sessions** provided by Future Youth between October 2023 and March 2024.
- **433** young people accessed With Youth instant access support, and/or 1:1 sessions.
- **745** seven to twelve year-olds have used Lumi Nova: Tales of Courage to overcome their fears and worries.
- **43** eleven- to seventeen-year-olds attended SPARK to use creativity to improve their emotional wellbeing.
- **67** young people visited the Herts Haven Cafés **(310 visits)**
- Provided training to **1,036 professionals** who work with children and young people.
- **103 parents** attended Children & Young People workshops.
Through its work HMN has had a major impact on many individuals’ lives and as a result has had many public benefits, including:
- reduction in suicides within the county.
- reduction in isolation and loneliness for at risk client groups.
- improved health and wellbeing of Hertfordshire residents.
- reduction in hospital admissions by supporting clients in crisis.
- prevention of long-term mental health conditions.
- increase in awareness of mental health and mental ill-health.
- Improved access to crisis support out of hours.
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## **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**
- To seek new funding opportunities to enhance and develop the current provision in line with unmet needs.
- To work with clients, commissioners and non-statutory providers to assess changes in national policy and local trends to drive and develop responsive innovative services to meet future challenges.
- To attract new, non-statutory funding into the organisation, in order to protect our independence and allow more innovation and creativity within our provision. To develop new partnerships to promote innovative ways of working.
- To continuously strive to deliver services of high quality, which are safe and offer best value.
- To support staff and their welfare and sustain a well-trained supported workforce able to deliver high quality services.
- To develop HMN counselling services across the Network and beyond to meet current demand.
- To improve our marketing and promotional activity across the county to ensure that our communities know who we are, what we do and how to access us.
## **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
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## **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:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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:
- the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements.
- 13 -
## **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:
- the information given in the financial statements is inconsistent in any material respect with the directors' report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **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;
- The nature of the industry and sector, control environment and business performance including the design of the remuneration policies, key drivers for trustee remuneration, bonus levels and performance targets;
- results of our enquiries of Management about their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and review the charitable company’s documentation of their policies and procedures relating to;
- identifying, evaluating and complying with laws and regulation and whether they were aware of any instances of non-compliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
- 14 -
## **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:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance; and
- enquiring of management as to actual and potential litigation and claims.
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
- 15 -
## **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.
- 16 -
## **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**
- 17 -
## **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|
|---|---|---|---|---|
- 18 -
**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.
- 19 -
## **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.
- 20 -
## **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.
- 21 -
## **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|
- 22 -
## **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).
- 23 -
## **HERTS MIND NETWORK LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
- **4 Charitable activities**
**(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|
- 24 -
## **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|
- 25 -
## **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|
- 26 -
## **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|
- 27 -
## **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.
- 28 -
## **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|
- 29 -
## **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|
|---|---|
- 30 -
## **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|
- 31 -
## **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|
- 32 -
## **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.
- 33 -
## **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|
|---|---|
- 34 -
|**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