Company number: 5879337 Charity Number: 1119317
Stockport and District Mind
Report and financial statements For the year ended 31st March 2022
Stockport and District Mind Trustees’ annual report for the year ended 31[st] March 2022
1 Reference and Administrative Information
Company number 5879337
Charity number 1119317
Registered office and operational address
Dove House 65 Union Street Stockport SK1 3NP
Trustees
Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:
Kay Butler nee Day (Chair – appointed 09.11.21) Peter Miles (Vice Chair) John Kendrick (Treasurer) Yvonne Awenat (resigned 10.01.22) Mark Baxendall Kevin Brosnahan Imelda Lowe 10.01.22) Shirley Williams (Chair – stepped down 09.11.21)
(co-opted 15.09.21; appointed
(Chair – stepped down 09.11.21)
Key management Beverley Hart personnel
Chief Officer (appointed April 2022)
Bankers
Yorkshire Bank plc 34 Princess Street Stockport Gosforth SK1 1RE NE3 4PL
Virgin Money Jubilee House Gosforth Newcastle on Tyne
Independent Jennifer Daniel FCCA DChA examiner Slade & Cooper Limited Beehive Mill, Jersey Street, Manchester, M4 6JG
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Stockport and District Mind Trustees’ annual report for the year ended 31[st] March 2022
The Trustees present their report and the unaudited financial statements for the year ended 31st March 2022.
Reference and administrative information set out above forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with Financial Reporting Standard 102 (FRS 102).
1 Objectives and activities
1.1 Mission Statement
Stockport and District Mind works towards a society where anyone who experiences mental ill health is supported in their recovery, empowered to reach their full potential, and they and their family/Carers are free from stigma and discrimination.
1.2 Aims
The charity’s key aims are to deliver high quality appropriate services within Stockport and North-East Cheshire; to work with Mind nationally in line with their values, raising awareness of mental health to reduce stigma and discrimination; work within a recovery framework; and to involve people with experience of mental health problems in every aspect of our work.
1.3 Objectives, Public Benefits, and Activities
The charity’s objects are specifically restricted to the following:
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to promote the preservation of good mental health in particular by enabling and empowering everyone experiencing mental health problems to live with, manage and recover from their condition
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to relieve the needs of people with mental health problems by working to increase the understanding of mental health and mental health problems by gathering and disseminating information and working to raise awareness, promote understanding and challenge stigma and discrimination.
In carrying out its objects, the charity will promote equality of opportunity and oppose any form of discrimination.
The charity provides services to achieve its objects, including but not restricted to advice, advocacy, training, and other forms of support.
We define our values and ethos as:
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respect for people, their experiences, and opinions;
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a belief in the principle of recovery and working with people to achieve their full potential;
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Stockport and District Mind Trustees’ annual report for the year ended 31[st] March 2022
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An inclusive and welcoming service that is open access and signposts to alternative services where we cannot deliver the appropriate service;
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A belief in a social rather than medical model of mental distress, focussing on the person as a whole rather than on a diagnosis.
The aims, objectives, and activities are reviewed each year by the trustees with a particular regard to the Charity Commission’s guidance on public benefit.
1.4 Activities
The Charitable Company’s main activities and who it tries to help are set out in section 2 of this report.
2 Achievements and performance
2.1 Beneficiaries of our services
1,632 people have benefited from our services between April 2021 and March 2022.
Covid regulations limited how we could deliver our services in the earlier part of the year. We delivered services remotely as far as we could but were relieved that the restrictions were lifted, so that we could start to welcome visitors back into our building and restart our group work.
2.2 Social Inclusion and Isolation
During the period April 2021 – March 2022, we supported 170 people either by face to face, or by telephone. It was challenging to continue with this service during the Covid restrictions. Specific funding for the service has now ceased and we are considering how to fold the support into the general support we offer.
2.3 Mental Health Carers’ support
By the end of the year, we had 561 active service users. This figure included Carers Choir attendance, Yoga Group attendance, Drop-in attendees, and completed Carers’ assessments.
Most referrals into the service are directly from carers themselves. We also receive a high number of referrals from the Pennine Care Mental Health Teams and other secondary care services since our staff have had a regular presence at mental health service locations, including Stepping Hill hospital, Baker Street and Councillor Lane Community Mental Health Teams (CMHTs).
The SMBC contract which started in 2015 finally ended in March 2022. We are delighted to report that we were successful in winning a new contract with Signpost Stockport for Carers, starting in April 2022.
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Stockport and District Mind Trustees’ annual report for the year ended 31[st] March 2022
2.4 Carers’ Choir
During the year, the Carers’ Choir, which was funded by the National Lottery - Community Fund, became much more active post COVID and was merged with ‘Fun2 Sing’ to become The Stockport Mind Choir. This was suggested by the carers themselves through a ‘You Said - We Did’ feedback mechanism, distributed through our teams. We are happy to report that the choir continues to thrive. It was agreed that, after the grant want used up, the choir would be self-funded – the accommodation is currently free of charge, and small donations have been kindly given by those who attend this group.
2.5 Yoga Sessions
Following a survey we conducted with carers in January 2022 that asked what sort of exercise they would like to do, a group called ‘Yoga for Carers’ was arranged. Stockport Mind and BOOST ran sessions for 8 weeks. Sessions were fully booked with additional attendances via Zoom. The Yoga Group was a pilot which commenced in March 2022 and was a tremendous success. We are extremely thankful to BOOST – a Stockport based service providing free wellbeing and exercise classes - for providing the funding to run the sessions. It is hoped that there may be a possibility of funding for further sessions going forward.
2.6 Information Service and General Support, including Social Media
We have continued to provide telephone and website email access to offer a listening ear, to give short-term support, advice and information to callers, and where necessary refer them to other support organisations and statutory services.
We have received around 1,600 calls, including emails and those who have returned to our service during the period April 2021 – March 2022. This also includes signposting and emotional support provided.
This year we have invested in a new post to provide input into our communications and publicity so that we can increase our online presence, strengthen our communications output, and raise mental health awareness to our local community. We have also updated our website so that we can include details of other organisations that can also support our service users.
Below shows examples of our increasing online presence and the numbers of people that we connected with via social media between April 2021 and March 2022:
| Website | |||||
|---|---|---|---|---|---|
| Followers | 2947 | Reach | 34759 | Users | 7584 |
| Impressions | 60300 | Profile likes | 579 | Page views | 22573 |
| Engagements | 1.38% | Engagement | 1404 |
2.7 Community Advocacy (Benefits Claims Assistance)
Last year we were successful in achieving a 3-year grant from the Cheadle Royal Hospital Charitable Trust to recruit a part-time Community Advocate to help people with mental health issues to access the online benefits system. The service continued this year, supporting 130 people, including return service users.
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Stockport and District Mind Trustees’ annual report for the year ended 31[st] March 2022
2.8 North-East Cheshire
For some time, we have been aware of demand for our services in North-East Cheshire through the continuing requests for support from the area. We have been seeking funding to extend our services to this area where it borders with Stockport.
We continued to liaise with Citizen’s Advice Cheshire North to agree how we might best use a grant from Cheshire Community Foundation, to provide community advocacy.
We also applied for, and won, a grant directly from Cheshire Community Foundation to help isolated people with mental health difficulties to connect/reconnect with their communities and wider society, as the country emerged from Covid lockdowns (‘Reconnecting after Lockdown’). We will work with other agencies and organisations to identify and make direct contact with isolated individuals and, in parallel, build and train a cohort of local volunteers to expand capacity and develop sustainability for the longer term.
2.9 Young people
Over the last few years, we have undertaken some ad-hoc work with young people, for example through working with local secondary schools. We are pleased to have now received funding from the Eric Wright Charitable Trust to enable us to provide more systematic support to young people (aged 14+).
2.10 Volunteers
Stockport and District Mind relies heavily on volunteers; this includes the Trustees/Board of Directors who are also unpaid workers.
A number of volunteers have previously received the charity’s services and want to give something back so that others can benefit.
Volunteers provide energy, commitment, and diversity and support us with office reception cover; support to groups and social inclusion programmes; support to fundraising activities as well as other undertakings.
During 2021/22 we were lucky to have 17 active volunteers, a number of whom have been with us for many years. We are extremely grateful to all of our volunteers recognising that a number of our services could not function without their support.
2.11 Trustees
We were delighted to welcome Imelda Lowe to the Board of Trustees in January this year. Imelda has a wealth of experience which she has been using to support the charity since she was co-opted onto the Board in September 2021.
We would also like to record our thanks to Shirley Williams who has been a trustee since 2007 and Chair of Trustees since 2008. Shirley has worked tirelessly for Stockport and District Mind since 2007, putting in an enormous amount of time and energy into ensuring that we provide the best service we can to the people of Stockport. Shirley stepped down as Chair in November 2021.
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Stockport and District Mind Trustees’ annual report for the year ended 31[st] March 2022
2.12 Mind Quality Mark (MQM)
National Mind came to visit us to talk to our staff, volunteers, services users, and trustees as part of their quality assurance process. They also undertook a thorough review of our policies and procedures. This quality assurance process enables National Mind to be confident that we are a well-run organisation which meets all their expectations. The process inevitably exposed areas where we needed to improve our practice but, with the help of the staff and trustees and the outstanding support from National Mind, we achieved this vital accreditation.
2.13 Students
Stockport and District Mind is an accredited learning site for practice placements for social work students undertaking their degree.
Between April 2021 and 31st March 2022, we had one student on placement. The student was supervised by our qualified Practice Educator. We continue to liaise with the universities of University of Central Lancashire, The University of Manchester, Manchester Metropolitan University and Salford University regarding social work placements.
2.14 Clinical Supervision
To support our staff in their roles and to build on our relationship with the University of Manchester, the university provide Stockport Mind with a Clinical Psychologist / Senior Psychology Lecturer, who leads reflective practice sessions with the front-line staff.
3 Financial review
3.1 Summary
There was a small drop in income from £256k in 20/21 to £221k in 21/22 due to lower grant funding.
During the year, we benefitted from:
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CRH Charitable Trust – the continued support of £13.1k pa for the part-time employment of a support worker to help people navigate the complexities of benefit/Universal Credit claims
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Stockport Council - £74k from the continuation of the Carers’ contract until March 2022
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Enterprise Development Fund - providing support for the employment of a Business Development Manager to develop new commercial income streams- £22k (total £30k over 12 months)
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Citizens Advice (Cheshire North) - £4k for a part time community advocate in Macclesfield
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Cheshire Community Foundation - £14.8k to establish a volunteer network in the Macclesfield area to help isolated people reconnect
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Workers Employment Agency – balance of £7.6k (from £10.2k) for online nutrition workshops to support mental health
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Eric Wright Foundation - £10k for support to young people (14+)
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Stockport and District Mind Trustees’ annual report for the year ended 31[st] March 2022
- Donations – Improved from £47.7k in 20/21 to £63.5k in 21/22. Alderley Edge Golf Club, with member Brian Foden’s charity day, raised £13k and Gracious Beers, Traditional Scaffolding, Stephanie Renshaw were amongst others too numerous to list who contributed. So many people raised funds for us and thank you all.
The trustees ensured careful control of costs in the uncertain economic environment but agreed to self-finance continued advocacy and helpline services, resulting in £17k loss for the year.
The average number of staff employed for the period was 8, which, adjusting for part time staff, is equivalent to 6.3 full time staff. Employment costs represented 76% of total cost.
The short-term financial outlook is stable, particularly with the impending sale of Dove House, but concerns are building both about income and increasing demand for our services as the economic/energy cost pressures increase.
3.2 Reserves
It is the policy of the Trustees to maintain operational reserves held at a level that equates to a minimum of three months expenditure based upon expected levels for the following year. This amounts to £63k at 31[st] March 2022 compared with £49k in the accounts of which £14.3k is restricted. The trustees are taking action to strengthen the reserves.
The identified level provides sufficient funds to cover management, administration, and support costs; allows short term funding for projects until further funding is obtained or match funding for new projects, where required; and accommodates changes in funding by statutory authorities.
The planned sale of Dove House will substantially increase the availability of liquid reserves.
The Reserves policy is reviewed on an annual basis by the Board.
3.3 Investment policy and objectives
Month to month cash surpluses during the year and reserves are maintained in interest bearing deposit accounts.
The Board considers the risks relating to these to be appropriate but the interest rates currently available return a minimal yield.
4 Plans for the future
During this year we have undertaken a review of the services we deliver to ensure that we continue to deliver against our objectives and improve the service we offer to our beneficiaries.
We have recognised that one of the most important aspects of the Charitable Company is the body of volunteers we have. To build on this, we are investing in a Volunteer Coordinator who will support our volunteers, particularly through ongoing training and development. They will also seek to recruit more volunteers so that we can offer a wider range of services.
We also intend to work openly and collaboratively with a wide range of partners in Stockport and District so that we can meet the needs of the local population.
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Stockport and District Mind Trustees’ annual report for the year ended 31[st] March 2022
We decided during the year that we should sell Dove House to release the money invested in the building to improve our services. Our aim is to find accommodation which is more suitable to our needs with easy access for service users, volunteers, and staff.
5 Structure, governance, and management
5.1 Governing document
The Charitable Company is governed by the Memorandum and Articles of Association of the Company. The Company was formed on 18[th] July 2006 and took over the staff and assets of Stockport and District Association for Mental Health on 1[st] July 2007.
The Members passed a Special Resolution at the AGM held on 10[th] January 2022, approving revised Articles of Association based on the model Articles recommended by the Charity Commission, and as subsequently approved by the Charity Commission. These Articles have been registered with Companies House and the Charity Commission has been notified.
5.2 Company status
The Company is limited by guarantee and all members have agreed to contribute a sum not exceeding £10 in the event of a winding-up. The number of guarantees on 31[st] March 2022 was 41.
5.3 Recruitment and appointment of Trustees/ Directors
Trustees/Directors are recruited from a number of sources, including personal recommendation and approaches to specific organisations who can provide volunteers with particular skills. The Trustees have defined the skill profiles required for the make-up of the Board and seek people with the necessary background experience. The Board actively seeks to reflect the diversity of backgrounds and experience, including ‘lived experience’ of mental illness, of its members.
Under the revised Articles, the Board shall comprise not less than five directors, with no upper limit. All members of the Board of Directors are Trustees of the Charity, and all Trustees are members of the Board of Directors.
Trustees are required to sign a Code of Conduct clearly detailing the role and obligations of Trustees. Each of the Trustees has been provided with a specification and definition of responsibilities relating to his/her specific role.
All members of the Board (along with staff and volunteers) are required to complete a Disclosure and Barring Service (DBS) check, in line with Charity Commission requirements in relation to safeguarding in organisations, where direct work takes place with vulnerable adults and/or children. All Board members have read the safeguarding guidance and have discussed it at Board meetings.
All members of the Board give their time voluntarily and receive no benefits from the Charitable Company. Any expenses reclaimed from the Charitable Company are set out in note 9 to the accounts.
The Chair meets with all prospective Trustees to provide information and discusses the fit between the prospective Trustee and the organisation’s needs. Induction is provided and on-going training needs are identified as part of each Trustee’s annual review.
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Stockport and District Mind Trustees’ annual report for the year ended 31[st] March 2022
6 Statement of responsibilities of the Trustees
The Trustees (who are also directors of Stockport and District Mind for the purposes of company law) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
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�Select suitable accounting policies and then apply them consistently
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�Observe the methods and principles in the Charities SORP
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�Make judgements and estimates that are reasonable and prudent
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�State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
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�Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the Board of Trustees, who are Directors for the purposes of company law, and Trustees for the purposes of charity law, who served during the year and up to the date of this report are set out on page 1.
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.
Approved by the Board of Directors and signed on its behalf by
Kay Butler (Chair)
Date: 26/08/2022
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Stockport and District Mind Trustees’ annual report for the year ended 31[st] March 2022
I report on the accounts of the company for the year ended 31 March 2022 which are set out on pages 11 to 26.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jennifer Daniel FCCA DChA Beehive Mill, Jersey Street Manchester, M4 6JG
Date: 14 September 2022
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Stockport and District Mind
Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2022
| Unrestricted funds Note £ Income from: Donations and legacies 3 63,541 Charitable activities: 4 95,369 Investments 5 28 Total income 158,938 Expenditure on: Charitable activities: 6 175,588 Total expenditure 175,588 (16,650) 7 (16,650) Transfer between funds (3,990) (20,640) Reconciliation of funds Total funds brought forward 175,778 Total funds carried forward 155,138 Net income/(expenditure) before net gains/(losses) on investments Net income/(expenditure) for the year Net movement in funds for the year |
Restricted funds £ - 61,772 - 61,772 62,125 62,125 (353) (353) 3,990 3,637 10,669 14,306 |
Total funds 2022 £ 63,541 157,141 28 220,710 237,713 237,713 (17,003) (17,003) - (17,003) 186,447 169,444 |
Total funds 2021 £ 47,748 208,152 - |
|---|---|---|---|
| 255,900 | |||
| 234,400 | |||
| 234,400 | |||
| 21,500 | |||
| 21,500 - |
|||
| 21,500 164,947 |
|||
| 186,447 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
A full comparative SOFA is available on the last page of the financial satements.
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Stockport and District Mind Company number 05879337
Balance sheet as at 31 March 2022
| Note £ £ Fixed assets Tangible assets 10 103,902 Total fixed assets 103,902 Current assets Debtors 11 17,587 Cash at bank and in hand 98,842 Total current assets 116,429 Liabilities Creditors: amounts falling due in less than one year 12 (50,887) Net current assets 65,542 Total assets less current liabilities 169,444 Net assets 169,444 The funds of the charity: Restricted income funds 14 14,306 Unrestricted income funds 15 155,138 Total charity funds 169,444 2022 |
£ £ 109,703 109,703 25,833 120,671 146,504 (69,760) 76,744 186,447 186,447 10,669 175,778 186,447 2021 |
£ £ 109,703 109,703 25,833 120,671 146,504 (69,760) 76,744 186,447 186,447 10,669 175,778 186,447 2021 |
|---|---|---|
| 109,703 76,744 |
||
| 186,447 | ||
| 186,447 | ||
| 10,669 175,778 |
||
| 186,447 |
For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes on pages 14 to 26 form part of these accounts.
Approved by the trustees on 26 / 08 / 2022 and signed on their behalf by:
Kay Butler (Chair)
John Kendrick (Treasurer)
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Stockport and District Mind
Statement of Cash Flows for the year ending 31 March 2022
| Note Cash provided by/(used in) operating activities 17 Cash flows from investing activities: Dividends, interest, and rents from investments Proceeds from sale of tangible fixed assets Purchase of tangible fixed assets Proceeds from sale of investments Purchase of investments Cash provided by/(used in) investing activities Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Increase/(decrease) in cash and cash equivalents in the year |
2022 £ (21,857) 28 - - - - 28 (21,829) 120,671 98,842 |
2021 £ 67,325 |
|---|---|---|
| - - (10,005) - - |
||
| (10,005) | ||
| 57,320 63,351 |
||
| 120,671 |
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Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022
1 Accounting policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.
Stockport and District Mind meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
b Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
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Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022 (continued)
c Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
d Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
e Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
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Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022 (continued)
f Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
g Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
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Expenditure on charitable activities includes the costs of Mental Health Advocacy and Counselling Services undertaken to further the purposes of the charity and
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Other expenditure represents those items not falling into any other heading.
h Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. Support costs have all been allocated to expenditure on charitable activities.
i Operating leases
Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.
Tangible fixed assets
Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
| Asset Category | Annual rate |
|---|---|
| Freehold land & building | 2% |
| Equipment & fittings | 25% |
| Computer equipment | 50% |
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Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022 (continued)
j Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
k Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
l Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
m Pensions
Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 8. There were no overdue contributions at the year end.
2 Legal status of the charity
The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.
3 Income from donations and legacies
| Donations Total |
Total 2022 £ 63,541 63,541 |
Total 2021 £ 47,748 |
|---|---|---|
| 47,748 |
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Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022 (continued)
4 Income from charitable activities
| Eric Wright Charitable Trust CAB Advocacy Cheadle Royal Trust Cheshire Community Fund Enterprise Development GMVCO Winter Discharge Laurus Trust Lottery Community Fund National Mind Stockport MBC Pebble Workers Employment Association Wolfson Trust Fees and other income Previous reporting period CAB Advocacy Cheadle Royal Trust Enterprise Development GMVCO Winter Discharge Laurus Trust Lottery Community Fund National Mind Pebble Stockport MBC Stockport Health Carer Support Workers Employment Association Wolfson Trust Fees and other income Investment income 5 Income from bank deposits Mental Health Advocacy & Counselling Services Stockport Health Carer Support Mental Health Advocacy & Counselling Services |
Unrestricted £ 10,000 - - - - - - - 3,870 - 74,000 - - - 7,499 95,369 Unrestricted £ - - - 3,000 500 49,000 10,833 - 1,000 74,000 - 22,500 6,410 167,243 |
Restricted £ - 3,961 13,100 14,806 22,278 - - - - - - - 7,627 - - 61,772 Restricted £ 4,795 16,100 7,722 - - - - 9,750 - - 2,542 - - 40,909 2022 £ 28 28 |
Total 2022 £ 10,000 3,961 13,100 14,806 22,278 - - - 3,870 - 74,000 - 7,627 - 7,499 |
|---|---|---|---|
| 157,141 | |||
| 2021 £ 4,795 16,100 7,722 3,000 500 49,000 10,833 9,750 1,000 74,000 2,542 22,500 6,410 |
|||
| 208,152 | |||
| 2021 £ - |
|||
| - |
18
Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022 (continued)
6 Analysis of expenditure on charitable activities
| Staff costs Administration Programme costs Depreciation Restricted expenditure Unrestricted expenditure Accountancy and independent examination Governance - |
Total 2022 £ 180,115 45,806 4,641 5,801 1,350 237,713 2022 £ 62,125 175,588 237,713 |
Total 2021 £ 175,644 48,255 3,440 5,801 1,260 |
|---|---|---|
| 234,400 | ||
| 2021 £ 61,743 172,657 |
||
| 234,400 |
19
Notes to the accounts for the year ended 31 March 2022 (continued)
Stockport and District Mind
7 Net income/(expenditure) for the year
| This is stated after charging/(crediting): Depreciation Independent examiner's remuneration - Accountancy Staff costs Staff costs during the year were as follows: Wages and salaries Social security costs Pension costs Payroll administration Independent examination |
2022 £ 5,801 1,020 330 2022 £ 170,965 5,719 2,753 678 180,115 |
2021 £ 5,801 960 300 |
|---|---|---|
| 2021 £ 164,208 7,388 3,142 906 |
||
| 175,644 |
8 Staff costs
No employees has employee benefits in excess of £60,000 (2021: Nil).
The average number of staff employed during the period was 8 (2021: 9). The average full time equivalent number of staff employed during the period was 6.3 (2021: 6.3).
The key management personnel of the charity comprise the trustees, the General Manager and Deputy Manager. The total employee benefits of the key management personnel of the charity were £31,997 (2021: £57,478).
9 Trustee remuneration and expenses, and related party transactions
One trustee received expenses of £383 during the year (2021: nil).
There were no donations from related parties (2021: nil).
Shirley Williams, a trustee of the charity is also a trustee of Pebble Enterprises Ltd who provided funding of £nil to the charity during the year (2020: £9,750).
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2021: nil).
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10 Fixed assets: tangible assets
Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022 (continued)
| Fixed assets: tangible assets | ||
|---|---|---|
| Freehold land & buildings Cost £ 165,000 Additions - Disposals - 165,000 Depreciation 62,801 Charge for the year 3,300 66,101 Net book value 98,899 102,199 At 31 March 2021 At 1 April 2021 At 31 March 2022 At 1 April 2021 At 31 March 2022 At 31 March 2022 |
Equipment & Fittings £ 41,562 - - 41,562 34,058 2,501 36,559 5,003 7,504 |
£ 206,562 - - Total |
| 206,562 | ||
| 96,859 5,801 |
||
| 102,660 | ||
| 103,902 | ||
| 109,703 |
The property at Dove House, 65 Union Street, Stockport was valued on 1 August 2006 by P.A.Sheehan FRICS at open market capital value in accordance with the Valuation Standards Manual of the RICS dated February 2003 (as amended) This occurred when Stockport Mind was an unincorporated charity. The original purchase cost of the property, including refurbishment, was £176,628. The building was originally purchased by the unincorporated charity. The Board has reviewed its policy of revaluing the building every 5 years and decided to defer a formal revaluation.
Earlier in the year, the Board decided that the charity should be re-located to more suitable premises and that Dove House should be sold.
Following an extensive marketing campaign, which generated numerous bids, the Board has agreed to sell for an amount considerably in excess of book value.
Contracts have been signed but are awaiting final approval from the Land Registry of an earlier transfer in order to complete the sale, which is considered to be imminent.
21
Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022 (continued) 11 Debtors
| 2022 £ Accrued income 16,864 Prepayments 723 Other debtors 17,587 12 Creditors: amounts falling due within one year 2022 £ Accruals 1,350 Other creditors - Bank loan 49,537 Deferred income - 50,887 13 Deferred income 2022 £ Deferred grant brought forward 18,500 Grant received - Released to income from charitable activities (18,500) Deferred grant carried forward - |
2021 £ 25,606 227 - |
|---|---|
| 25,833 | |
| 2021 £ 1,260 - 50,000 18,500 |
|
| 69,760 | |
| 2021 £ 18,500 92,500 (92,500) |
|
| 18,500 |
22
Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022 (continued)
14 Analysis of movements in restricted funds
| Balance at 1 April 2021 £ - CAB Advocacy - CRH Foundation Trus - (884) Community Fund 9,011 2,542 Total 10,669 Balance at 1 April 2019 £ CRH Foundation Trus - CAB Advocacy - - 4,201 7,965 9,057 Community Fund 9,511 - Total 30,734 Enterprise Development Enterprise Development Pebble Enterprises Limited Stockport MBC - Food for Thought Stockport MBC - Volunteer Recruitment Workers Employment Association Cheshire Community Fund Previous reporting period Workers Employment Association |
Income £ 14,806 3,961 13,100 22,278 - 7,627 61,772 Income £ 16,100 4,795 7,722 9,750 - - - 2,542 40,909 |
Expenditure £ (500) (6,567) (13,100) (22,278) (9,511) (10,169) (62,125) Expenditure £ (16,100) (2,189) (8,606) (17,326) (7,965) (9,057) (500) - (61,743) |
Transfers £ - 2,606 - 884 500 - 3,990 Transfers £ - (2,606) - 3,375 - - - - 769 |
Balance at 31 March 2022 £ 14,306 - - - - - |
|---|---|---|---|---|
| 14,306 | ||||
| Balance at 31 March 2020 £ - - (884) - - - 9,011 2,542 |
||||
| 10,669 |
23
Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022 (continued)
Name of Description, nature and purposes of the fund
Eric Wright provision of support to young people. Foundation Citizens Advice Provision of community advocacy service at Citizens Advice in Advocacy Macclesfield. CRH Foundation Provision of advocacy support in the claiming of benefits. Trust Enterprise To finance a person to set up a new business development activity Development Workers Food for Thought online workshops aimed at improving diet and mental Employment health.
Cheshire Foundation To build a volunteer network in the Macclesfield area.
15 Analysis of movement in unrestricted funds
| General fund Designated fund General fund Designated fund Previous reporting period |
Balance at 1 April 2021 £ 137,556 38,222 175,778 Balance at 1 April 2020 £ 95,991 38,222 134,213 |
Income £ 158,938 - 158,938 Income £ 214,991 - 214,991 |
Expenditure £ (175,588) - (175,588) Expenditure £ (172,657) - (172,657) |
Transfers £ (3,990) - (3,990) Transfers £ (769) - (769) |
As at 31 March 2022 £ 116,916 38,222 |
|---|---|---|---|---|---|
| 155,138 | |||||
| Balance at 31 March 2021 £ 137,556 38,222 |
|||||
| 175,778 |
24
Stockport and District Mind
Notes to the accounts for the year ended 31 March 2022 (continued)
Name of
Description, nature and purposes of the fund
General fund The free reserves after allowing for all designated funds
Designated fund
The building revaluation fund represents the amount of money that would be included in a revaluation reserve following a revaluation of Dove House in 2006 if the revaluation had taken place in this charitable company. The revaluation occurred in the previous unincorporated charity.
16 Analysis of net assets between funds
| Tangible fixed assets Net current assets/(liabilities) Total |
General fund £ 103,902 13,014 116,916 |
Designated funds £ - 38,222 38,222 |
Restricted funds £ - 14,306 14,306 |
Total £ 103,902 65,542 |
|---|---|---|---|---|
| 169,444 |
17 Reconciliation of net movement in funds to net cash flow from operating activities
| Net income/(expenditure) for the year Adjustments for: Depreciation charge Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operating |
2022 £ (17,003) 5,801 8,246 (18,873) (21,857) |
2021 £ 21,500 5,801 (6,665) 46,689 |
|---|---|---|
| 67,325 |
25
Stockport and District Mind
Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2021
| Note Income from: Donations and legacies 3 Charitable activities: 4 Total income Expenditure on: Charitable activities: 5 Total expenditure 6 Transfer between funds Reconciliation of funds Total funds brought forward Total funds carried forward Net income/(expenditure) for the year Net movement in funds for the Net income/(expenditure) before net gains/(losses) on investments |
Unrestricted funds £ 47,748 167,243 214,991 172,657 172,657 42,334 42,334 (769) 41,565 134,213 175,778 |
Restricted funds £ - 40,909 40,909 61,743 61,743 (20,834) (20,834) 769 (20,065) 30,734 10,669 |
Total funds 2021 £ 47,748 208,152 255,900 234,400 234,400 21,500 21,500 - 21,500 164,947 186,447 |
Total funds 2020 £ 60,658 133,474 |
|---|---|---|---|---|
| 194,132 | ||||
| 227,896 | ||||
| 227,896 | ||||
| (33,764) | ||||
| (33,764) - |
||||
| (33,764) 198,711 |
||||
| 164,947 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
26