REGISTERED COMPANY NUMBER: 07553999 (England and Wales) REGISTERED CHARITY NUMBER: 1142838
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2022
for
Mid Cheshire Mind
Bennett Brooks & Co Limited Chartered Accountants St George's Court Winnington Avenue Northwich Cheshire CW8 4EE
Mid Cheshire Mind
Contents of the Financial Statements for the year ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
Mid Cheshire Mind
Report of the Trustees for the year ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The purpose of the charity is to promote and support adults who have mental health problems. This is achieved by offering a mental health drop-in centre and we provide support, advice and advocacy to our members. We also offer educational and recreational activities as well as organising group trips and holidays.
Public benefit
The trustees have complied with the duty in Section 4 of the 2006 Act to have due regard to public benefit guidance published by the Charity Commission.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The purpose of the charity is to promote and support adults with mental health problems and as a local voluntary organisation we play an important role in providing local support and contributing to the wellbeing of the community.
The purpose of the charity is to promote and support adults with mental health problems and as a local voluntary organisation we play an important role in providing local support and contributing to the wellbeing of the community.
Following the COVID pandemic, we have seen an increase in the requirements for mental health support and at times our resources have been stretched. A big thank you is due to our staff and volunteers for their heroic efforts in caring for our community.
We continue to provide our core service of counselling delivered face to face, by telephone or by video conferencing. Due to funding from the Co-op and central Mind we have been able to set up bereavement counselling under the banner "One for Sorrow". This has been hugely successful and is continuing and we hope to make this a standard offering when the current funding runs out.
Our regular group activities included art, crafts, mindfulness sessions and walking groups. We will continue to look at expanding this where we see demand.
The Winsford Town Centre redevelopment will start in early 2023 and we will need to need to move to new premises and we have been in discussion with West Cheshire & Chester Council to identify a suitable business that will allow us to continue and expand.
In the past financial year we invited the CAB to hold surgeries in our offices and this has proved to be welcomed by our service users. When we move into new premises we hope to look at ways to work with our organisations to further support the community.
Fundraising activities
We continue to offer fundraising events to raise additional funds for the charity.
Enormous thanks must be given to all the volunteers who have contributed their time and effort to making a difference to the mental health of local people.
FINANCIAL REVIEW
Financial position
The results for the year are shown in the Statement of Financial Activities.
Income for the year has increased to £140,702, whilst expenditure has increased to £128,528. This has resulted in net income for the year of £12,174 and leaves total funds at 31 March 2022 of £137,853, of which £22,970 is restricted.
Investment policy and objectives
The charity does not have an investment policy. When available, funds are held in interest bearing bank accounts.
Reserves policy
The trustees feel that the charity has a legal responsibility to it's beneficiaries to take a long term view of it's commitments. The trustees continue to consider the increasing insecurity of funding, the delay in assessments and the payment of grants and the need to give as much notice as possible of withdrawal of project work and/or support. The trustees are determined to work towards maintaining a reserve at the level of six months running costs to cover current commitments. This will include designated funds as detailed in guidance by the Charity Commission.
Page 1
Mid Cheshire Mind
Report of the Trustees for the year ended 31 March 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Appointment of trustees is governed by the Memorandum and Articles of Association.
Organisational structure
The trustees delegate the day to day responsibilities of running the charity to the staff. The charity also has a management committee which consists of the trustees and two member representatives.
Induction and training of new trustees
New trustees are advised of their duties by the existing trustees and are provided with copies of previous years accounts. They are offered access to training, if required, and are informed of information and publications available through the Charity Commission.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07553999 (England and Wales)
Registered Charity number
1142838
Registered office
The Bungalow 1a Dene Drive Winsford Cheshire CW7 1AX
Trustees
Ms D Brooks (resigned 19.1.22) P Bruder (resigned 26.10.22) Ms J Ledward J M S Wheeler A J Galbraith (appointed 10.1.22) Mrs J Hughes (appointed 10.1.22) Ms K Bury (appointed 10.1.22) (resigned 1.11.22)
Independent Examiner
Bennett Brooks & Co Limited Chartered Accountants St George's Court Winnington Avenue Northwich Cheshire CW8 4EE
Approved by order of the board of trustees on 16 December 2022 and signed on its behalf by:
JMS Wheeler
JMS Wheeler (Dec 21, 2022 10:25 GMT)
J M S Wheeler - Trustee
Page 2
Independent Examiner's Report to the Trustees of Mid Cheshire Mind
Independent examiner's report to the trustees of Mid Cheshire Mind ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's 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 charity'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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Mrs YAO Wood FCA Bennett Brooks & Co Limited Chartered Accountants St George's Court Winnington Avenue Northwich Cheshire CW8 4EE
16 December 2022
Page 3
Mid Cheshire Mind
Statement of Financial Activities for the year ended 31 March 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 20,768 Charitable activities Information and support services 38,141 Other trading activities 2 60,889 Investment income 3 183 Total 119,981 EXPENDITURE ON Raising funds 2,340 Charitable activities Information and support services 111,435 Total 113,775 NET INCOME 6,206 RECONCILIATION OF FUNDS Total funds brought forward 108,677 TOTAL FUNDS CARRIED FORWARD 114,883 |
Restricted funds £ - 23,061 - - 23,061 - 17,093 17,093 5,968 17,002 22,970 |
2022 Total funds £ 20,768 61,202 60,889 183 143,042 2,340 128,528 130,868 12,174 125,679 137,853 |
2021 Total funds £ 26,212 45,619 26,235 27 |
|---|---|---|---|
| 98,093 | |||
| - 91,730 |
|||
| 91,730 | |||
| 6,363 119,316 |
|||
| 125,679 |
The notes form part of these financial statements
Page 4
Mid Cheshire Mind
Balance Sheet 31 March 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 1,140 CURRENT ASSETS Debtors 8 80 Cash at bank 118,717 118,797 CREDITORS Amounts falling due within one year 9 (5,054) NET CURRENT ASSETS 113,743 TOTAL ASSETS LESS CURRENT LIABILITIES 114,883 NET ASSETS 114,883 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 4,141 - 18,829 18,829 - 18,829 22,970 22,970 |
2022 Total funds £ 5,281 80 137,546 137,626 (5,054) 132,572 137,853 137,853 114,883 22,970 137,853 |
2021 Total funds £ 5,548 260 123,038 |
|---|---|---|---|
| 123,298 (3,167) |
|||
| 120,131 | |||
| 125,679 | |||
| 125,679 | |||
| 108,677 17,002 |
|||
| 125,679 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2022 and were signed on its behalf by:
A.J.Galbraith
A.J.Galbraith (Dec 21, 2022 10:55 GMT)
A J Galbraith - Trustee
The notes form part of these financial statements
Page 5
Mid Cheshire Mind
Notes to the Financial Statements for the year ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Fixtures and fittings - 20% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| Fundraising events Shop income DWP Resource Management |
2022 £ 9,624 43,532 7,733 60,889 |
2021 £ 5,624 17,611 3,000 |
| 26,235 |
Page 6
continued...
Mid Cheshire Mind
Notes to the Financial Statements - continued for the year ended 31 March 2022
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Deposit account interest | 183 | 27 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2022 | 2021 | |
| £ | £ | |
| Depreciation - owned assets | 1,314 | 1,380 |
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Trustees Charitable activities |
2022 7 7 14 |
2021 6 4 |
|---|---|---|
| 10 |
No employees received emoluments in excess of £60,000.
7. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Fixtures | |
| and | |
| fittings | |
| £ | |
| COST | |
| At 1 April 2021 | 17,536 |
| Additions | 1,047 |
| At 31 March 2022 | 18,583 |
| DEPRECIATION | |
| At 1 April 2021 | 11,988 |
| Charge for year | 1,314 |
| At 31 March 2022 | 13,302 |
| NET BOOK VALUE | |
| At 31 March 2022 | 5,281 |
| At 31 March 2021 | 5,548 |
continued...
Page 7
Mid Cheshire Mind
Notes to the Financial Statements - continued for the year ended 31 March 2022
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Prepayments and accrued income 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals and deferred income 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Training fund Computer fund Kitchen fund Refurbishment Website fund One for Sorrow TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Computer fund Kitchen fund Refurbishment One for Sorrow TOTAL FUNDS |
At 1.4.21 £ 108,677 3,573 8,902 2,500 1,882 145 - 17,002 125,679 Incoming resources £ 119,981 - - - 23,061 23,061 143,042 |
2022 2021 £ £ 80 260 2022 2021 £ £ 202 470 4,852 2,697 5,054 3,167 Net movement At in funds 31.3.22 £ £ 6,206 114,883 - 3,573 (6,344) 2,558 (500) 2,000 (172) 1,710 - 145 12,984 12,984 5,968 22,970 12,174 137,853 Resources Movement expended in funds £ £ (113,775) 6,206 (6,344) (6,344) (500) (500) (172) (172) (10,077) 12,984 (17,093) 5,968 (130,868) 12,174 |
2021 £ 260 2021 £ 470 2,697 3,167 At 31.3.22 £ 114,883 3,573 2,558 2,000 1,710 145 12,984 |
2021 £ 260 |
|---|---|---|---|---|
| 2021 £ 470 2,697 |
||||
| 3,167 | ||||
| 22,970 | ||||
| 137,853 | ||||
| 5,968 | ||||
| 12,174 |
continued...
Page 8
Mid Cheshire Mind
Notes to the Financial Statements - continued for the year ended 31 March 2022
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.20 £ Unrestricted funds General fund 110,377 Restricted funds Training fund 3,573 Computer fund - Kitchen fund 3,124 Refurbishment 2,097 Website fund 145 8,939 TOTAL FUNDS 119,316 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 88,657 Restricted funds Computer fund 9,436 Kitchen fund - Refurbishment - 9,436 TOTAL FUNDS 98,093 A current year 12 months and prior year 12 months combined position is as follows: At 1.4.20 £ Unrestricted funds General fund 110,377 Restricted funds Training fund 3,573 Computer fund - Kitchen fund 3,124 Refurbishment 2,097 Website fund 145 One for Sorrow - 8,939 TOTAL FUNDS 119,316 |
Net movement At in funds 31.3.21 £ £ (1,700) 108,677 - 3,573 8,902 8,902 (624) 2,500 (215) 1,882 - 145 8,063 17,002 6,363 125,679 Resources Movement expended in funds £ £ (90,357) (1,700) (534) 8,902 (624) (624) (215) (215) (1,373) 8,063 (91,730) 6,363 Net movement At in funds 31.3.22 £ £ 4,506 114,883 - 3,573 2,558 2,558 (1,124) 2,000 (387) 1,710 - 145 12,984 12,984 14,031 22,970 18,537 137,853 |
At 31.3.21 £ 108,677 3,573 8,902 2,500 1,882 145 |
|---|---|---|
| 17,002 | ||
| 125,679 | ||
| 22,970 | ||
| 137,853 |
continued...
Page 9
Mid Cheshire Mind
Notes to the Financial Statements - continued
for the year ended 31 March 2022
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Computer fund Kitchen fund Refurbishment One for Sorrow TOTAL FUNDS |
Incoming resources £ 208,638 9,436 - - 23,061 32,497 241,135 |
Resources Movement expended in funds £ £ (204,132) 4,506 (6,878) 2,558 (1,124) (1,124) (387) (387) (10,077) 12,984 (18,466) 14,031 (222,598) 18,537 |
Resources Movement expended in funds £ £ (204,132) 4,506 (6,878) 2,558 (1,124) (1,124) (387) (387) (10,077) 12,984 (18,466) 14,031 (222,598) 18,537 |
|---|---|---|---|
| 14,031 | |||
| 18,537 |
The general fund represents the free funds of the charity which are not designated for particular purposes.
The computer fund comprises funding towards the provision and running costs of computer equipment. All monies had been allocated by the year end.
The kitchen fund represents kitchen equipment donated by Vale Royal Lions Club. The balance on the fund represents depreciation not yet charged.
The equipment fund comprises funding towards the purchase of a fax machine, digital camera, music centre and vacuum cleaner. All monies had been allocated by the year end.
The website fund consists of grant funding towards the costs of maintaining a website for the group. The balance on the fund represents monies not spent by the year end.
The training fund consists of training grants provided by MIND and Winsford Town Council. The balance on the fund represents monies not spent by the year end.
The refurbishment fund represents funding from NHS Vale Royal Clinical Commissioning Group towards refurbishment at the charity's premises.
The Outreach worker fund comprises Cheshire Community Foundation funding towards the salary costs of an outreach worker.
The One for Sorrow fund is part of our regular funding and comes from Cheshire West (EIP) and is worth £17,744 per annum paid to us quarterly in advance. In this tax year we received £22,471 from Mind to cover the period September 2021 to March 2022 to provide bereavement counselling. Mind is managing a bigger donation made to them by the Co-operative Group and has allocated the fund across several Local Minds.
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 10
Mid Cheshire Mind
Detailed Statement of Financial Activities for the year ended 31 March 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Other trading activities Fundraising events Shop income DWP Resource Management Investment income Deposit account interest Charitable activities Club receipts Grants Total incoming resources EXPENDITURE Raising donations and legacies Fundraising costs Charitable activities Wages Pensions Rent, rates and water Insurance Light and heat Telephone Postage and stationery Advertising and website Sundries Subscriptions Counsellor fees Club provisions and materials Repairs and maintenance Training costs Fixtures and fittings Support costs Finance Bank charges Governance costs Accountancy and legal fees |
2022 £ 20,665 103 20,768 9,624 43,532 7,733 60,889 183 120 61,082 61,202 143,042 2,340 75,807 1,218 8,060 823 6,264 1,715 91 5,170 56 867 22,277 160 1,078 400 1,314 125,300 18 3,210 |
2021 £ 25,415 797 |
|---|---|---|
| 26,212 5,624 17,611 3,000 |
||
| 26,235 27 650 44,969 |
||
| 45,619 | ||
| 98,093 - 59,722 1,412 7,380 1,077 2,545 929 137 517 493 1,577 6,033 1,391 3,030 74 1,380 |
||
| 87,697 - 4,033 |
This page does not form part of the statutory financial statements
Page 11
Mid Cheshire Mind
| Detailed Statement of Financial Activities for the year ended 31 March 2022 Total resources expended Net income |
2022 £ 130,868 12,174 |
2021 £ |
|---|---|---|
| 91,730 | ||
| 6,363 |
This page does not form part of the statutory financial statements
Page 12