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2025-03-31-accounts

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Charity Number: 1142357 Company Number: 07504966

Mind in Bradford

(A Company Limited by Guarantee)

Annual Report and Financial Statements

For the year ended 31 March 2025

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Contents

Page Legal and Reference Information ................................................................................... 1 Trustees’ Report .......................................................................................................... 2 Independent Auditor’s Report ..................................................................................... 10 Statement of Financial Activities .................................................................................. 13 Balance Sheet ........................................................................................................... 14 Statement of Cash Flows ............................................................................................ 15 Notes to the Accounts ................................................................................................ 16

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Legal and Reference Information

Trustees/Management Committee Ruth Mulryne Colman (Chair) Christopher Green Parveen Malik Helen Woolnough Jaspreet Kaur Sohal Rosema Nawaz Ian Lamb Pauline Ferguson Yasmin Khan (registered as Yasmin Fay) Karen Dawber David Butcher Hannah Workman (Appointed 18 September 2025) Andrew Hurst (Resigned 6 March 2025) Annie Curie (Resigned 6 March 2025) Company number 07504966 Charity number 1142357 Registered office Kenburgh House 28 Manor Row Bradford BD1 4QU Independent Auditor Azets Audit Services Limited 12 King Street Leeds LS1 2HL Bankers CAF Cash Ltd Kings Hill West Malling ME19 4TA

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Mind in Bradford

Trustees’ Report for the year ended 31 March 2025

The Board of Trustees, who are also Directors for the purposes of company law, present their report and audited financial statements for the year ended 31 March 2025, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association 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 (FRS 102) (effective 1 January 2019).

Structure, Governance and Management

The Trustees/Company Directors who served during the year were:

Mind in Bradford has been delivering person-focused mental health support for more than 30 years. The company is incorporated under The Companies Act as a company limited by guarantee and is governed by a memorandum and Articles of Association which outline the objects and powers of the company. The company is a registered charity and operates as a non-profit making organisation. As a company limited by guarantee, Mind in Bradford has no share capital. At 31 March 2025 there were 11 members.

Our Board of Trustees comprises of a minimum of three Trustees. We aim to ensure the composition of the Board of Trustees reflects the diversity of the area we serve, and recruit Trustees with skills, expertise, abilities and experience which will add to the Board's effectiveness. This ensures we are able to govern effectively in accordance with our charitable objectives and statutory obligations. Trustees are selected by the current Trustees and appointments are put to the vote. The Board meets quarterly and the Executive Leadership Team (ELT) attend the meetings for accountability and reporting purposes.

The Board agrees the strategy and direction of Mind in Bradford, and delegates the day-to-day management of the organisation and the provision of services to its paid staff and volunteers, who work under the authority of the Chief Executive Officer and the ELT.

Objectives and Activities

Mind in Bradford operates across Bradford, Airedale, Wharfedale and Craven as one of more than 100 ‘local Minds’ throughout England and Wales. We are affiliated to national Mind as part of a federation – proudly holding the Mind Quality Mark – but we rely on our own resources to provide services which are tailored to our local population.

We help people of all ages and backgrounds on every step of their mental health journey from early intervention through to crisis support. Our services are free to access, available 365 days a year, and can be accessed over the phone, online and face-to-face in a growing number and variety of community and healthcare locations.

In September 2024, we adopted a new operating name of Bradford District and Craven Mind to better reflect the area we serve and to show everyone in our communities that we are here for them.

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Mind in Bradford

Trustees’ Report for the year ended 31 March 2025 (continued)

Staff and volunteers

We would like to record our thanks to the highly skilled staff team who show so much dedication and commitment to their work at Mind in Bradford. During the year, our staff team has grown to reach a record headcount of 140 individuals.

In addition, we are privileged to be supported by a volunteer workforce of approximately 80 individuals who generously give us their time and make it possible to continue to extend the reach of our services to more people in more places.

Achievements and Performance

In 2024-25 we supported 18,541 unique people through direct delivery of our services, services delivered by our sub-contracted partners, or the virtual support offered by our digital platforms.

In addition, some of the other ways we supported people in 2024-25 included:

Bradford, as the UK’s City of Culture, is very much in the national spotlight during 2025 and as demand for our services has increased, we have grown the size of our workforce, extended our main offices spaces to accommodate more people, further built productive relationships with primary and secondary care to deliver more support from healthcare settings, and added three new services to our portfolio; including

Vision, Mission and Activities

Our vision is that no one in Bradford District and Craven has to face a mental health issue alone and we use the following four overarching strategic objectives to help drive our organisational reach and impact:

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Mind in Bradford

Trustees’ Report for the year ended 31 March 2025 (continued)

Achievements and Performance (continued)

Our mission is to make the best possible difference to the mental health and well-being of the greatest number of people. Our services or the efforts of our internal teams are aligned to five delivery strategies of which progress is measured against an annual operational plan.

The following provides a summary of progress against each of these five delivery strategies during the year in review.

Strategy 1 - Promoting a positive understanding of mental health

We're one of the leading mental health charities in Bradford District and Craven. We're proud to stand up for better mental health and to speak out against stigma wherever we see it. Over the past year, we've used our local voice and our connection to the national Mind network to raise awareness and encourage honest conversations about the mental health issues people face, no matter who they are or where they come from.

During the course of 24/25, we’ve seen:

Strategy 2 - Providing early intervention advice and support

(Services include: Guide-Line, Enhanced Access, Wellbeing, WISHH, Hope and Light)

We supported 4,519 people over a total of 16,286 contacts. This represented an increase of 34% in people accessing support compared to the previous year.

Guide-Line is our free, confidential telephone and live-chat service, offering emotional support every day of the year. As one of our longest running services it continues to be a vital source of help for people across Bradford District and Craven. Over the past year, 898 individuals received support through a total of 11,618 calls and live chats. In May 2024, a major step forward was made: people calling the NHS’s 111 service in the Bradford and Craven area can now be directly connected to Guide-Line for mental health and wellbeing support.

We have two primary care-based services, Enhanced Access and WISHH, that can be accessed by anyone with a registered GP. The goal is to offer early, flexible support—especially for people feeling worried, stressed, overwhelmed, low, isolated, or struggling to sleep.

Our Wellbeing service allows people to meet up regularly to discuss their feelings, share their experiences and take part in activities in a safe and welcoming environment. The groups include courses to help people manage their mental health, like Six Weeks of Wellness, and wellbeing activities like tribal drumming. This year, there were 3,112 attendances and contacts by 402 people at our recovery and wellbeing groups.

The Hope and Light programme is here to support people from a wide range of ethnic and cultural backgrounds. In its first year, it focused on building strong foundations by forming relationships and learning about the needs of different communities.

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Mind in Bradford

Trustees’ Report for the year ended 31 March 2025 (continued)

Achievements and Performance (continued)

Now, as the programme moves forward, it's entering an exciting new phase. We are working with new partners and connecting with more organisations to make sure the support we offer is easy to access and shaped by the communities using it.

An adult service member supported by Enhanced Access told us: “These sessions have really been a weight off my shoulders. It’s helped me get talking and I’m finally looking forward to something again.”

A caller to Guide-Line commented: “I have found it [Guide-Line] the most valuable resource available to me in Bradford. I am so grateful that this helpline exists and I would be lost without it.”

Strategy 3 - Equipping people to recover and sustain improved wellbeing

(Services include: Youth in Mind, Know Your Mind, SMI and Physical Health, SMILE, Hearing Voices, Community Companions, Stepping Stones, KidsTime, Personal Health Budget and CORE).

We supported 6,137 people through 27,370 attended contacts. This represented a 14% increase in the number of people supported and a 43% increase in attended contacts compared to the previous year. This huge growth is reflected in the launch and development of new services, including:

Our trial of Personal Health Budgets has been shared nationally as a great example of how to reduce pressure on hospitals. It has saved an estimated 654 NHS bed days and £508,000 in costs.

We’ve also built stronger links with hospital services, working together in new ways across different teams and organisations.

We’re now a recognised leader in mental health support for children and young people, especially through new referral pathways with teams working in and around the youth justice system.

A 15-year-old service member who accessed the Know Your Mind service told us: "You made me feel so comfortable on my first session which is not normal for me. People who don’t know me just don’t understand but you have, right from the beginning. You showed me the app Tappy which I now use all the time and has enabled me to stop self-harming completely. As of a couple of weeks ago, my suicidal thoughts have stopped too. Without you, I would have had nobody."

A parent of a CYP added: “I can honestly say we do not know what we would have done without you. You have been an absolute rock, not just for my daughter but for us as a family too.”

Strategy 4 - Being there for people in crisis

(Services include: Safe Spaces (delivered in partnership with Cellar Trust), Hospital Buddies) .

Over the past year, our crisis services supported 3,082 people through 17,505 attended contacts. This is a 3% increase in contacts per person compared to the previous year. This reflects a shift toward more personalised care, with many individuals receiving multiple sessions instead of one-off support.

Our crisis services provide urgent support for people experiencing mental health distress. This includes Safe Spaces, delivered in partnership with The Cellar Trust, and Hospital Buddies, which supports young people on hospital wards.

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Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Trustees’ Report for the year ended 31 March 2025 (continued)

Achievements and Performance (continued)

Safe Spaces offers a calm, non-clinical environment for people of all ages who need same-day mental health support. Hospital Buddies provides one-to-one support for young people at Bradford Royal Infirmary and Airedale General Hospital, helping those dealing with anxiety around operations, new diagnoses, mental health admissions, or emotional distress.

We made progress in reaching more people from ethnically and culturally diverse communities. Of the total number of people supported by Hospital Buddies, 50% of people were from these communities. Additionally Safe Spaces supported 32% in the hubs and 38% through the crisis café offer.

We're changing the way we offer support to make it more flexible and personal. Instead of fixed times and places, we’re focusing on one-to-one help that’s shaped around what each person needs.

To put into context the impact of Safe Spaces, an adult who accessed crisis support said: “If it wasn’t for Safe Spaces, I wouldn’t be here any more.”

Another told us: “I came home and had something to eat, had some sleep and wrote the letter that I needed to. I’ve also realised I need to work alongside others and let them help me.”

Strategy 5 - Enhancing our robust and respected organisation

We successfully secured continuation of all contracts despite exceptionally challenging financial positions of some funders and growing uncertainty over structural changes in national healthcare systems.

Members of our workforce maintained strong leadership visibility and input nationally across key strategic areas.

Internally we maintained a safe and compliant recruitment approach to support a 30% growth in workforce size and benchmarked the make up of our current workforce; with 66% aged between 18-44, and 45% from ethnically and culturally diverse communities (32% from a South Asian background) to closely reflect local demographics.

Our levels of unrestricted income were largely consistent with 23/24 despite continued challenging economic conditions and we successfully grew our corporate profile with a successful series of monthly business networking and training events.

Future

The year 24/25 was the first in our four-year organisational strategy, and in line with our objectives, we successfully expanded our reach across the following areas:

However, we know there is still much more to do to ensure no-one has to face a mental health issue alone; particularly in the face of rising demand, increasing acuity of need, the continued challenges caused by the economic climate, and the growing uncertainty over structural changes in national healthcare systems and funding.

Looking ahead we will continue to work closely with partner organisations, commissioners and service members to enable better mental health for all across our district, while ensuring we are positioned appropriately to help more people in the growing West Yorkshire commissioning landscape.

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Mind in Bradford

Trustees’ Report for the year ended 31 March 2025 (continued)

Our role as part of a vibrant national network of local Minds and a significant voice in the Bradford District and Craven Health and Care Partnership of statutory and voluntary sector organisations means we will continue to seek out opportunities to collaborate in a meaningful way, to share best practice and to learn from other likeminded organisations.

Financial Review

Total income for the year was £5,230,391 (2024; £3,342,595) of which £4,784,882 was grant support.

Total expenditure was £4,441,770 (2024: £3,130,402) of which £3,773,714 was specific restricted costs and £668,056 unrestricted.

Overall Mind in Bradford achieved a surplus for the year of £788,621 (2024: £212,193). This is made up of £82,438 surplus in unrestricted funds and £706,183 surplus in restricted funds.

The total at 31 March 2025 of Mind in Bradford's unrestricted general funds, excluding fixed asset ("free reserves") was £694,290 (2024: £625,564), which is at the level required to meet the Charity's Reserves Policy of a minimum of three months running costs.

Restricted funds at the end of the financial year amounted to £1,114,841 and related to 18 specific projects and is committed to be spent in future years

Fundraising

Despite the ongoing challenging economic conditions in Bradford District and Craven, we are grateful for the efforts from our supporters and funders. Thank you to everyone that has raised, donated and funded £127,333 in unrestricted income towards our mental health services this year. By raising money, our supporters not only funded services but also raised awareness of mental health and the support available throughout Bradford District and Craven.

Our supporter highlights:

Mind in Bradford does not use professional fundraisers, commercial participators or third parties to fundraise on our behalf. The day to day management of all income generated is managed internally by the staff team who act under authority delegated by the Trustees and follow the Code of Fundraising Practice set out by the Fundraising Regulator, the independent regulator of charitable fundraising in England, Wales and Northern Ireland.

We have not received any complaints in relation to our fundraising practice for the year under review.

Remuneration of key staff

The pay of the charity’s key management staff is reviewed annually and may be increased in accordance with national indicators such as inflation or average earnings where financially possible and prudent. The remuneration is also benchmarked with charities of a similar size and activity to ensure that it is fair and not out of line with that generally paid for similar roles.

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Mind in Bradford

Trustees’ Report for the year ended 31 March 2025 (continued)

Risk Management

The Trustees have carried out ongoing assessments of the charity’s activities setting out the major opportunities available to the charity and the risks to which it is exposed. These risks are identified in the risk register and are risk assessed.

The principal risks and uncertainties faced by the charity at the time of writing are as follows:

The Trustees have considered their responsibilities under legislation including health and safety, employment law and safeguarding. Systems and procedures have been implemented to manage specific risks that have been identified, including training for all appropriate persons as necessary.

Public benefit

The aims, objectives and activities of the charity are reviewed regularly, and achievements assessed. When reviewing these and in planning future activities, the Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

Statement of the Responsibilities of the Trustees

Company law requires the Board to prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the Charitable Company as at the end of the financial period and of the surplus or deficit of the Charitable Company for that period.

In preparing those financial statements the Board is required to:

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charitable Company and which 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.

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Mind in Bradford

Trustees’ Report for the year ended 31 March 2025 (continued)

Statement of disclosure to the auditor

The Trustees of the company who held office at the date of approval of this annual report confirm that:

Auditors

Azets Audit Services Limited were appointed as auditor to the charitable company and are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Small Company Rules

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. It was approved by the Board of Trustees and signed on its behalf.

Approved on behalf of the Board on 4 December 2025

Ruth Mulryne Colman

Trustee

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Mind in Bradford

Independent Auditor’s Report To The Trustees of Mind in Bradford

Opinion

We have audited the financial statements of Mind in Bradford (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

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 charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

Our responsibilities and the responsibilities of the trustees 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 trustees 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.

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Mind in Bradford

Independent Auditor’s Report To The Trustees of Mind in Bradford (continued)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the 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 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity 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 trustees 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 trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the 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

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

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.

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Mind in Bradford

Independent Auditor’s Report To The Trustees of Mind in Bradford (continued)

Extent to which the audit was considered capable of detecting irregularities, including fraud. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members 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 charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

08 December 2025

Jessica Lawrence Senior Statutory Auditor

………………………

For and on behalf of Azets Audit Services Limited 12 King Street Statutory Auditor Leeds LS1 2HL

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Mind in Bradford

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2025

Note Unrestricted
Designated		 Restricted Total funds Total funds
funds
Funds		 Funds 2025 2024
£
£		 £ £ £
Income
Donations and Other Income 2 134,012
-		 61,397 195,409 181,447
Charitable Activities 4 366,382
-		 4,418,500 4,784,882 3,013,834
Investment Income 3 250,100
-		 - 250,100 147,314
Total Income 750,494
-		 4,479,897 5,230,391 3,342,595
Expenditure
Charitable Activities 5 667,465
591		 3,773,714 4,441,770 3,130,402
Total Expenditure 5 667,465
591		 3,773,714 4,441,770 3,130,402
Net income/(expenditure)
and net movement in funds 7 83,029
(591)		 706,183 788,621 212,193
Funds brought forward 625,564
43,178		 408,498 1,077,240 865,047
Funds carried forward 17 708,593
42,587		 1,114,681 1,865,861 1,077,240

The Statement of Financial Activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 16 to 30 form part of the financial statements.

A fully detailed Statement of Financial Activities for year ended 31 March 2024 is shown at note 24.

The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006 .

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Mind in Bradford

Balance Sheet as at 31 March 2025

2025 2024
Note £ £
Tangible Fixed Assets 10 14,303 -
Current Assets
Debtors 11 237,949 327,619
Current Asset Investments 12 5,134,062 3,717,004
Cash at Bank and in Hand 880,878 1,023,921
Total Current Assets 6,252,889 5,068,544
Creditors: Amounts Falling Due Within One Year 13 (4,401,331) (3,991,304)
Net Current Assets 1,851,558 1,077,240
Net Assets 17 1,865,861 1,077,240
Funds of the Charity
Unrestricted Funds 708,593 625,564
Restricted Funds 15 1,114,681 408,498
Designated Funds 16 42,587 43,178
Total Funds 17 1,865,861 1,077,240

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board on 4 December 2025.

Ruth Mulryne Colman

Trustee

Company registration number: 07504966

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Mind in Bradford

Statement of Cash Flows for the Year Ended 31 March 2025

Note 2025 2024
£ £
Cash flows from operating activities 23 1,046,179 2,232,068
Cash flows from investing activities
Purchase of fixed assets (17,164) -
Interest income 245,000 143,514
Increase in cash equivalents in the year 1,274,015 2,375,582
Cash equivalents at the beginning of the year 4,740,925 2,365,343
Total cash equivalents at the end of the year 6,014,940 4,740,925

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Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Charity Information

Mind in Bradford is a Company Limited by Guarantee in England and Wales and is also a charity registered with the Charity Commission in England and Wales. The registered office is Kenburgh House, 28 Manor Row, Bradford, BD1 4QU.

The company Directors are also members and each member of the company has undertaken to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.

Accounting convention

The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, 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 (FRS 102)” (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern

The Trustees have prepared financial projections, taking into consideration the current economic climate. They have a reasonable expectation that adequate financial resources are available to enable the charity to continue in operational existence for the foreseeable future and have adequate contingency plans in the event that income streams are reduced. Consequently, the financial statements have been prepared on the basis that the charity is a going concern.

Income

Income is included in the Statement of Financial Activities (“SoFA”) when the charity has established entitlement, and the amount can be quantified with reasonable accuracy.

Donations and legacies are included in the SoFA when it is probable that the funds will be received and that they can be measured with sufficient reliability.

Core funding grants and restricted funding grants are recognised in the income and expenditure account in the period to which they relate.

The value of services provided by volunteers is not included.

Where income is received specifically for expenditure in a future accounting period that amount is deferred.

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Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

1. Accounting Policies (continued)

Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. These include governance which are those costs associated with meeting the constitutional and statutory requirement of the charitable company.

Staff costs

The costs of short-term employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period.

Fund accounting

Funds held by the charity are either:

Unrestricted funds - Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Designated funds - Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds - Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity 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, cash and bank balances and current asset investments, 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.

17

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

1. Accounting Policies (continued)

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

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

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 held for working capital.

Pension costs

The charity operates defined contribution pension arrangements for its employees. Amounts due are recognised as an expense in the SoFA when they fall due for payment.

Tangible fixed assets

Tangible fixed assets are stated at cost, less depreciation, with depreciation rates as follows:

Plant and Machinery 3 – 6 years straight line

18

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

1. Accounting Policies (continued)

Operating leases

Rentals payable under operating leases, including any lease incentives received, are charged to the SoFA on a straight-line basis over the lease term.

Critical Accounting Estimates and Judgements

In the application of the charity’s accounting policies, the Trustees 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, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

After reviewing the Trustees consider that there are no critical estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements.

2. Donations and Other Income

2025 2024
£ £
Donations 127,333 129,489
Training Income 6,454 6,155
Membership Fees 225 140
Staffing Income 61,397 39,220
Honorarium - 6,443
195,409 181,447

Included within donations and other income is staffing income of £61,397 (2024 - £23,158) which was restricted for The Cellar Trust – Safe Spaces project.

3. Investment Income

2025 2024
£ £
Bank Interest Received 245,000 143,514
Room Hire 5,100 3,800
250,100 147,314

19

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

4. Income from Charitable Activities:

2025 2024
£ £
Unrestricted Funds:
Bradford Care Alliance – Enhanced Access 79,477 -
NHS West Yorkshire ICB 172,444 335,571
Primary Care Network - WISHH 37,440 36,960
The VCS Alliance - Enhanced Access 77,021 161,528
Other - 3,693
366,382 537,752
Restricted Funds:
NHS West Yorkshire ICB:
Community Companions 108,956 88,956
Guideline 365,068 315,625
Health and Wellbeing 165,394 -
Healthy Minds 91,284 76,896
Hearing Voices 36,965 22,429
Hope & Light (ECDC) 900,000 -
Hospital Buddies 74,099 -
Kids Time 17,500 -
Know Your Mind 213,253 143,000
Serious Mental Illness 420,955 123,369
SMI-LE 175,000 -
Youth in Mind 674,907 799,258
Bradford & District Care NHS Foundation Trust:
Culturally Adapted Therapy 19,301 -
Guideline 50,000 50,000
Kids Time 15,000 15,000
Personal Health Budgets 133,333 33,333
SMI-LE - 150,000
Stepping Stones 83,035 41,496
Other funders:
British Triathlon Federation 3,280 -
Sport England 7,200 -
The Cellar Trust – Safe Spaces 656,720 616,720
The VCS Alliance – Core 205,000 -
Other projects 2,250 -
4,418,500 2,476,082
Total income from charitable activities 4,784,882 3,013,834

20

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

5. Charitable Activities

5.
Charitable Activities
2025 2024
£ £
Wages and Salaries 2,178,803 1,642,391
Employers National Insurance 179,352 121,045
Pension Costs 55,816 40,820
Employees Health and Life Cover 27,013 21,249
Payroll Costs 3,050 2,920
Staff Engagement & Recognition 9,657 16,446
Cleaning and Domestic 9,920 9,240
IT Contracts, Software and Hardware 70,243 39,145
Recruitment Costs 13,496 9,938
Service Delivery Operational Costs 1,263,002 707,883
Fundraising 10,065 8,481
Volunteer Expenses 3,434 3,719
Staff Training and Development 41,706 18,729
Staff Supervision 5,270 6,285
Printing and Copying 2,020 2,419
Repairs and Renewals 10,877 44,994
Rent and Rates 40,221 24,765
Light, Heat and Water 43,163 28,674
Insurance 2,199 804
Office Supplies and Equipment 3,900 3,223
Publicity and Promotion 11,989 11,204
Telephone 29,787 24,531
Travel Costs 8,650 5,597
Depreciation 2,145 -
Refreshment Costs 1,114 1,326
4,026,892 2,795,828
Share of support costs (see note 6) 384,838 299,373
Share of governance costs (see note 6) 30,040 35,201
4,441,770 3,130,402

21

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

6. Support Costs

6.
Support Costs
Support Governance 2025
costs costs £
Wages and Salaries 247,050 - 247,050
Employers National Insurance 25,681 - 25,681
Pension Costs 7,059 - 7,059
Outsourced payroll costs 15,066 - 15,066
Cleaning and Domestic 3,306 - 3,306
IT Contracts, Software and Hardware 23,415 - 23,415
IG and HS Consultancy 3,213 - 3,213
Printing and Copying 674 - 674
Rent and Rates 13,407 - 13,407
Repairs and Renewals 3,626 - 3,626
Light, Heat and Water 14,388 - 14,388
Insurance 12,713 - 12,713
Office Supplies and Equipment 1,247 - 1,247
Telephone 9,929 - 9,929
Depreciation 716 - 716
Bank Charges 190 - 190
Subscriptions and Memberships 3,158 - 3,158
Audit and Accountancy Fees - 16,050 16,050
Professional Fees - 13,273 13,273
Trustee Expenses - 717 717
384,838 30,040 414,878
Support Governance
Support
costs costs costs
Wages and Salaries 195,933 - 195,933
Employers National Insurance 19,976 - 19,976
Pension Costs 5,718 - 5,718
Outsourced payroll costs 12,452 - 12,452
Cleaning and Domestic 3,080 - 3,080
IT Contracts, Software and Hardware 13,048 - 13,048
IG and HS Consultancy 1,246 - 1,246
Printing and Copying 806 - 806
Rent and Rates 11,255 - 11,255
Repairs and Renewals 2,533 - 2,533
Light, Heat and Water 9,558 - 9,558
Insurance 10,723 - 10,723
Office Supplies and Equipment 1,075 - 1,075
Telephone 8,177 - 8,177
Bank Charges 78 - 78
Subscriptions and Memberships 3,715 - 3,715
Audit and Accountancy Fees - 13,410 13,410
Professional Fees - 21,557 21,557
Trustee Expenses - 234 234
299,373 35,201 334,574

22

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

7. Net Income/(Expenditure) for the Year

This is stated after charging: 2025 2024
£ £
Operating lease charges 52,257 34,859
Auditor’s remuneration:
Audit fees 11,275 9,275
Financial Statements preparation 2,100 1,900

The amounts stated above are exclusive of irrecoverable VAT.

8. Trustees

None of the Trustees received any remuneration or benefits in the year, for Trustee expenses see note 21.

9. Employees

Number of Employees

The average monthly number of employees during the year was:

2025 2024
Staff 120 104
Staff Costs
2025 2024
£ £
Wages and Salaries 2,440,919 1,838,324
Social Security Costs 205,033 141,021
Other Pension Costs 62,875 46,539
Employees Health and Life Cover 27,013 21,249
2,735,840 2,047,133

The key management personnel of the charity are the Chief Executive Officer, Director of Equity and Quality (Deputy CEO), Director of Corporate Services, Director of Adult/Older Adult Services and Director of Children, Young People and All Age Services. The aggregate employment benefits, including employer's national insurance and pension contributions of the key management personnel of the charity were £317,613 (2024 - £198,998).

Employees earning more than £60,000 per annum:

2025 2024
£60,000 to £69,999 - 1
£70,000 to £79,999 1 -

23

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

10. Tangible Fixed Assets

10.
Tangible Fixed Assets
Plant and Machinery Total
£
£
Cost:
At 1 April 2024 - -
Additions 17,164 17,164
At 31 March 2025 17,164 17,164
Depreciation:
At 1 April 2024 - -
Chargeforthe year 2,861 2,861
At 31 March 2025 2,861 2,861
Net book value at 31 March 2025 14,303 14,303
Net book value at 31 March 2024 - -

11. Debtors

11. Debtors
2025 2024
£ £
Trade Debtors 163,420 267,076
Prepayments and Accrued Income 74,529 60,543
237,949 327,619
12. Current Asset Investments
2025 2024
£ £
Charity Deposit Fund 5,134,062 3,717,004

13. Creditors: Amounts falling due within one year

2025 2024
£ £
Trade creditors 59,952 41,212
Accruals 74,066 67,799
Other Taxes and Social Security Costs 48,550 41,840
Deferred Income 4,218,763 3,840,453
4,401,331 3,991,304

14. Deferred Income

14.
Deferred Income
2025 2024
£ £
At 1 April 2024 3,840,453 2,053,457
Amount released to income (1,851,690) (447,051)
Amount deferred in theyear 2,230,000 2,234,047
At 31 March 2025 4,218,763 3,840,453

24

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

15. Restricted Funds

The income funds of the Charity include restricted funds comprising the following balances held on trust for specific purposes:-

Movement in Funds Movement in Funds
As at 31 March 2025 Balance at
Balance at 31 March
1 April 2024 Income Expenditure Transfers 2025
NHS West Yorkshire ICB
Community Companions 2,556
108,956		 (99,082) - 12,430
Guideline 75,077 365,068 (352,360) - 87,785
Health & Wellbeing 26,446 165,394 (167,610) - 24,230
Healthy Minds 12,400
91,284		 (97,140) - 6,544
Hearing Voices 6,986
36,965		 (34,041) - 9,910
Hope & Light - 900,000 (654,679) - 245,321
Hospital Buddies - 74,099 (72,093) 11,858 13,864
Kids Time - 17,500 (8,427) - 9,073
Know Your Mind 11,696
213,253		 (209,799) 14,307 29,457
Serious Mental Illness -
420,955		 (206,794) - 214,161
SMI-LE - 175,000 (72,213) - 102,787
Youth in Mind 63,000
674,907		 (659,892) (26,165) 51,850
Bradford & District Care NHS
Foundation Trust
CAT - 19,301 (19,301) - -
Guideline - 50,000 (50,000) - -
Kids Time 6,461 15,000 (21,461)) - -
Personal Health Budgets 19,683 133,333 (133,020) - 19,996
SMI-LE 55,006
-		 (55,006) - -
Stepping Stones 9,537
83,035		 (72,790) - 19,782
Other funders
British Triathlon Federation - 3,280 - 3,280
The VCS Alliance - Core - 205,000 (89,796) - 115,204
Sport England - 7,200 (1,705) - 5,495
The Cellar Trust – Safe Spaces 119,650
718,117		 (694,255) - 143,512
Otherprojects - 2,250 (2,250) - -
408,498 4,479,897 (3,773,714) - 1,114,681

25

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

15. Restricted Funds (continued)

15. Restricted Funds (continued)
Movement in Funds
As at 31 March 2024 Balance at
Balance at 31 March
1 April 2023 Income Expenditure Transfers 2024
NHS West Yorkshire ICB
Community Companions 9,856 88,956
(96,256)
 - 2,556
Youth in Mind 9,000 799,258
(745,258)		 - 63,000
Serious Mental Illness - 123,369
(123,369)
 - -
Healthy Minds 14,577 76,896
(79,073)
 - 12,400
Health and Wellbeing 26,446 -
-		 - 26,446
Know Your Mind 35,560 143,000
(166,864)
 - 11,696
Hearing Voices 18,271 22,429
(33,714)
 - 6,986
Guideline 67,229 365,625 (360,387) 2,610 75,077
Bradford & District Care NHS
Foundation Trust
SMI-LE - 150,000
(94,994)		 - 55,006
Kids Time - 15,000 (8,539) - 6,461
Stepping Stones - 41,496 (31,959)
 - 9,537
Personal Health Budgets - 33,333 (13,650) - 19,683
Other funders
National Association for Mental Health 4,342 - (4,342)
 - -
– grant for IT
The Cellar Trust–Safe Spaces 89,238 639,878
(609,170)		 (296) 119,650
274,519 2,499,240 (2,367,575) 2,314 408,498

NHS West Yorkshire ICB:

Community Companions - Funding for a befriending support service for adults feeling lonely, isolated or alone. This funding enabled us to recruit, train and retain volunteers to deliver befriending support throughout Bradford District and Craven.

Guideline - Funding for a free and confidential telephone helpline also providing an online live chat service. This service is for people of all ages in Bradford District and Craven who need emotional/mental health support, advice and guidance or signposting.

Health and Wellbeing - Funding received to provide transformative work within the community as and when the need dictates.

Healthy Minds - Funding to support the development and implementation of Healthy Minds which delivers a coherent system wide communication strategy to promote, protect and improve good mental wellbeing across Bradford District and Craven.

Hearing Voices - Funding to continue as a Maastricht Interview Centre to work with people who are hearing voices, understanding links between life experiences and voices to aid recovery, as well as offering group support for those who hear voices.

Hope and Light – Funding to be the lead provider (alongside Staying Put) of a service which provides culturally responsive mental health services for Black African, Black Caribbean, Central and Eastern European, and South Asian communities.

Hospital Buddies - Funding to provide any child or young person aged 5-19 who are admitted to hospital at Bradford Teaching Hospitals and Airedale NHS Trust with access to a wellbeing support worker during their stay.

Kids Time - Funding to deliver the KidsTime Workshops offer which provide fun supportive group sessions for families where a parent or carer has been diagnosed with a severe/serious mental illness.

26

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

15. Restricted Funds (continued)

Know Your Mind - Funding for our dedicated children and young people's service offering a range of different support, including group work and one-to-one sessions, for children and young people who live in the central Bradford area.

Serious Mental Illness - Funding released by NHS to start work on a project aiming to reduce premature mortality associated with physical ill health in people with severe mental illness (in combination with NHS projects). The funding enabled the development of training on the importance of physical healthcare for people living with serious mental illness (SMI) to be delivered to staff and volunteers in the voluntary and community sector who working with people with SMI, as well as an assertive outreach officer programme to support people with SMI to engage in their annual physical health checks.

SMI-LE – Funding to enhance community-based support for people with a mental health illness who are currently receiving support via secondary care.

Youth in Mind - Funding to be the Youth in Mind (YIM) Lead Provider; YIM is a partnership of providers who deliver school, community and hospital-based support to CYP across Bradford District and Craven who are struggling with their mental, emotional or social wellbeing.

Bradford and District Care NHS Foundation Trust:

Culturally Adapted Therapy – Funding to incorporate culturally adapted Behavioural Activation Therapy for Muslim clients whose primary presentation is depression within the Hope and Light Service.

Guideline - Funding for a free and confidential telephone helpline also providing an online live chat service. This service is for people of all ages in Bradford District and Craven who need emotional/mental health support, advice and guidance or signposting.

Kids Time - Funding to deliver the KidsTime Workshops offer which provide fun supportive group sessions for families where a parent or carer has been diagnosed with a severe/serious mental illness.

Personal Health Budgets - Funding received to provide an ongoing service which manages one-off Personal Health Budgets which can support people to achieve specific goals or outcomes enabling supported self-management and mental health recovery following hospital discharge.

SMI-LE – Funding to enhance community-based support for people with a mental health illness who are currently receiving support via secondary care.

Stepping Stones - Non-recurrent funding to support those receiving support via secondary care. The project offers group support, delivered by both clinical and non-clinical professionals. The service aims to support connectivity with others and their communities to keep people well.

Others:

British Triathlon Federation – Funding to facilitate access to physical health interventions for people suffering with a severe mental illness (SMI) in areas of high economic deprivation in Bradford.

Sport England – Funding to extend our Wellbeing offer to include a physical activity-based exercise (ten pin bowling) with a structured programme of coaching, regular participation and equipment to continue.

The Cellar Trust: Safe Spaces - Funding received to provide a crisis service, providing a critical out of hours support to adults and children experiencing mental or emotional distress. This reduces the demand on GPs, specialist services and A&E, improving access to non-medicalised support, treatment, information and advice.

27

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

15. Restricted Funds (continued)

The VCS Alliance - Core Funding to provide comprehensive support for individuals with serious mental illness (SMI) identified within Primary Care Networks and the wider community.

16. Designated Funds

16.
Designated Funds
Movement in Funds
As at 31 March 2025 Balance at Balance at
1 April 31 March
2024 Income Expenditure Transfers 2025
Legacy Funding 15,000 - - - 15,000
Company sick pay 15,000 - - - 15,000
Staff development and well being 10,000 - - - 10,000
TPT Pension Liability 3,178 - (591) - 2,587
43,178 - (591) - 42,587
Movement in Funds
As at 31 March 2024 Balance at Balance at
1 April 31 March
2023 Income Expenditure Transfers 2024
Legacy Funding 15,000 - - - 15,000
Company sick pay 12,822 - - 2,178 15,000
Staff development and well being 10,000 - - - 10,000
TPT Pension Liability 5,998 - - (2,820) 3,178
Expansion of Leadership Team 12,075 - (12,075) - -
55,895 - (12,075) (642) 43,178

Legacy Funding

Donation from a local estate, to put towards a project to enable mental health services to be more easily accessible.

17. Analysis of Net Assets by Fund

As at 31 March 2025
Tangible fixed assets Net current assets Total
£ £ £
Restricted funds - 1,114,681 1,114,681
Unrestricted general funds
General 14,303 694,290 708,593
Designated - 42,587 42,587
14,303 1,851,558 1,865,861
As at 31 March 2024
Tangible fixed assets Net current assets Total
£ £ £
Restricted funds - 408,498 408,498
Unrestricted general funds
General - 625,564 625,564
Designated - 43,178 43,178
- 1,077,240 1,077,240

28

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

18. Commitments under Operating and Financial Leases

At 31 March 2025 the charity had annual commitments under non - cancellable operating and financial leases as follows:

2025 2024
£ £
Expiry Date
Within one year 105,384 29,440
Betweentwo andfive years 167,450 1,164
272,834 30,604

19. Capital commitments

At 31 March 2024 the charity had capital commitments contracted for but not provided in the financial statements as follows

statements as follows
2025 2024
£ £
Acquisitionoftangiblenon-current assets - 11,794

20. Taxation

Mind in Bradford is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, it is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.

21. Related party transactions

Trustee expenses of £362 were reimbursed during the year to two trustees (2024: £233).

During the year Mind in Bradford paid £6,077 (2024: £2,124) to Schofield Sweeney LLP for legal fees. Andrew Hurst was a trustee of Mind in Bradford until 6 March 2025 and is an LLP Member of Schofield Sweeney LLP.

In the prior year, Mind in Bradford received various funding from Bradford District Care NHS Foundation Trust. Of this, £230,000 (2025 - £nil) related to the Serious Mental Illness service and was held in deferred income at the year end and is still included in deferred income. Jaspreet Sohal is Clinical Director of Pharmacy & Physical Health and Wellbeing Services at Bradford District Care NHS Foundation Trust and is influential in the funding of this service. She has no influence over any other funding receivable from Bradford District Care NHS Foundation Trust.

22. Contingent Liability – Pensions

The charity is a participating employer in the Growth Plan pension scheme which is a multi-employer defined benefit pension scheme. The scheme is closed to admission and the charity has a very small exposure to liability in the scheme, the last funding update advised the charity of a share in liabilities of £2,834 (2024: £2,587) and there is no indication that this has increased materially at 31 March 2025. This liability has not been recognised and accounted for in accordance with FRS 102 and the Charity SORP on the grounds of immateriality.

29

Docusign Envelope ID: 26F7178F-C127-483E-B091-436BB97C2D10

Mind in Bradford

Notes to the Financial Statements for the year ended 31 March 2025 (continued)

23. Reconciliation of net movement in funds to net cashflow from operating activities:

2025 2024
£ £
Net movement in funds 788,621 212,193
Depreciation 2,861 -
Deduct interest income (245,000) (143,514)
Decrease in debtors 89,670 396,033
Increase in creditors 410,027 1,767,356
1,046,179 2,232,068
The charity had no net debt at the current or prior year end.

24. Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2024

Unrestricted Designated Restricted Total funds
funds Funds Funds 2024
£ £ £ £
Income
Donations and Other Income 158,289 - 23,158 181,447
Charitable Activities 537,752 - 2,476,082 3,013,834
Investment Income 147,314 - - 147,314
Total Income 843,355 - 2,499,240 3,342,595
Expenditure
Charitable Activities 750,752 12,075 2,367,575 3,130,402
Total Expenditure 750,752 12,075 2,367,575 3,130,402
Net income/(expenditure)
before transfers 92,603 (12,075) 131,665 212,193
Transfers between funds (1,672) (642) 2,314 -
Net movement in funds 90,931 (12,717) 133,979 212,193
Funds brought forward 534,633 55,895 274,519 865,047
Funds carried forward 625,564 43,178 408,498 1,077,240

30