Registered Company No. 07964134 Registered Charlty No. 1146297 RICHMOND BOROUGH MIND Report of the Trustees and Financial Statements For the year ended 31 MARCH 2023 Richmond RICHMOND BORQUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 CONTENTS Pago Company information Report of the trustees 4-18 Independent auditor's report 19-21 s￿lement of financial activities 22 Balance sheet 23 Statement of cash flows 24 Notes to the financSal slalements 25-33 RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their report with th8 financial slalements of the Charity for the period ended 31 March 2023. Role The objects for whl¢h the Association is established are primarily, but not exclusively, within the London Borough of Richmond upon Thames- 11) lo promote the preservation of good mental health in particular by enabling 8nd empowering everyone experiencing mental health problems to live with, manage and recover from their condition. (2) to relieve the needs of people with mental health problems by working to increase the understanding of mental health and mental heallh problems by gathering and disseminating informati¢)n and working to raise awareness, promote understanding and challenge stigma and discrimination. Officeholders, Trustees and Management Trustees Gurjit Mahil, Chair (Appointed October 2022> Richard Hurst, Chair (Retired December 2022) Philip Congdon, Treasurer Kim Tasso Monika Waller Colette Noe (Resigned Augusl 2022) Nasrin Farahani {Resigned January 2023) Joanna Nakielny (Resigned November 2022) Lisa Leonard Samuel Hopcroft Jasdeep Bains (Appointed February 2022) Katharine Rodde {Resrgned October 2022) Charity No. 1146297 Company No. 07954134 Chlef Executive Val Farmer Princlpal office UK House, 82 Heath Road, Twickenham, Middlesex, TW14BW Bankers CAF Bank Limited, 25 Kings Hill, West Malling, Kent ME19 4JQ Auditors Goldwins Limit6d, 75 Maygrove Road, West Hampslead, London NW8 2EG RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Structure, Governance and Pjlanagement Constitutlon Richmond Borough Mind {RB Mind) is a Charity operating under a wrilten constilution. It was incorporated on 17, February 2012. It was registered as a chaFily on 8th March 2012. The earlier Charity {number 263810) was formed in April 2001 from a merger of Twickenham Mind, founded in 1959, and Richmond and Barnes Mind. founded in 1971, and its assets and liabilities were transferred on 1s1 April 2012 to the newly Incorporated Charity. Trustees Members of the Board are elected annually al the Annual General Meeting. Bebmeen Annual General Meetings new members can be appointed, with formal tenure commencing following election at the AGM. On retirement or resignation of any Trustee, the Board reviews the skills across Ihe existing trustees to identty any gaps and will recTUit to fill those skills. Trustees are recruited through a process of advertisement and participation at local volunteer recruitmenl sessions, followed always by application and interview by a Nominalions Committee, with the aim of securing a good range of experience and skills for the TrLJStee board. There are no outside bodies enlilled lo appoint Trustees. New Trustees are inducted through visits to services., governan￿ documents includSng the charity's Memorandum and Articles and the Charity Commission's guide 'The Essential Trustee opportunities lo allend training on governance and the Trustee role and all aspects of menlal health., and policies including Risk Management, Safeguarding, Financial Procedures, Equality and Diversity, ConfKlenliality and Anti-Bribery. During 2022 the Trustees recruited a new Chalr, Gurjil Mahil, through external sources. Gurjit 18 8 Senior NHS Manager, bringing substantial knowledge and experience to Ihe board al a lime where much of ourfunding is from the statutory sector. The previous Chair, Richard Hurst, completed his tenure and retired from the board in December 2022. The Board iecords its thanks for Richard's valued contribution to RB Mind. Rlsk Management The Trustees have r@viewed and updated Ihe risk management processes against the Charity Commission guidan¢e. Trustees consistentSy review the major risks to which the Charity is exposed, and where practical, lake steps lo guard or miligale against them. RB Mind has clear, regularly updated policies on professional good practi￿ and on areas such as safeguarding, health and safety and financial procedures. All Truslees are required to undertake safeguarding training. One Trustee is designated the Safeguarding Lead, ensuring the Board has sight and understanding of safeguarding issues, policy and procedures and their implemenlalion. Slaff receive appropriate training, and compliance and slandards of perfom)ance are monitored through the appraisal and supervision pro￿88, and reported through the committee structures. All staff undertake training in Safeguarding, Cyber Fraud and relevant financial processes. RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 risks Relian￿ on Slalulory funding, with one NHS contract consliluting one third of income Mitl ations Inveslment in fundraising capacity, recruiting an additional Fundraising Officer Developing new areas of work and expanding delivery options and funding source for Oulrea¢h, Youth servI￿s. NHS Peer Support Cost of Living impact on slaff retention InGreased inflationary payrise to SY. Introduction of paybands Current a￿0mmOdation restrictions prevent the most effective loGalion of staff and services Invest in consultant for professional review of future needs and identify option5 for existing accommodation Budget allowance for interim renlal costs Core infr8strucluTe insufficient to support the grovAh in seNices Invested in Org8nisalional Development consultant to review needs and develop new structure Investment budget agreed for additional HR, Finan￿ and ServI￿s management Data reporting challenges mean poor reflection of impact- strategic and funding ¥isk Impact task and finish group of Trustees and exec team agreed plan of improvement work on our Client database,. funding of data maintenance resoUr￿-, and creation of a dashboard for ease of MOn￿or5ng Gov•rnance structure The Board meets six times a year and is responslble for the stralegic diredion and policy of the Charity. The Full Board delegates tasks lo Iwo sub committees.. 1. Finance Committee meets prior to each Board meeting to review managetnent accounls and cash flow, and to ensure financial procedures are adhered lo and updated as necessary. Business development is within the remit of this commillee. 2. Governance and Quality Committee meets prior lo each Board lo review risk managemenl in detail, consider project and slaff performance and resourcing and to support RB Mind's overall quality management. Human resourGes and organisalional development are within the remit of this committee. The Charity's Chief Executive attends and advises each commiltee, with the sUPPOrt of relevant staff, and has been delegaled responsibility for the rtjnning of the Charity and ils performance. The Charity maintains a Schedule of Delegation detailing where responsibilities are held acros8 the Board of Trustees, commillees and the executive leams. RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Governance and Quallty RB Mind works to Ihe Mind Quality Management (MQM) standard, originally developed with the Charity Commission. A full peer review againsl the MQM slandards is carried out every three years, and most recently over spring of 2022. RB Mind achieved success in all standards. and won an Excellence Award for provision of EffeGlive Services. We will be focussing on re¢ommendalions lo further develop policy and opportunities for people with lived experience. The Board continues lo review the charity's governance against the Charity Governance Code (revised December 20201 and the Digital Governance Code. Executive and staff pay The Chief Executive and senior staff salaries are reviewed annually by a sub-group of the Board, benchmarking with other local Mindg, the wider voluntary sedor. and referring to ACEVO'S pay survey when available. Slaff remuneration is also reviewed annually by the Board against the rale of inflation and consideration is given to a general increase taking into account the organisalion's financial position. In 2022123 a general increase of 3Q/o was given, and this Increased lo 50/0 from Apiil 2023. The Board has adopted the London Living Wage. A group personal pension SGheme is available to all staff, with a minimum gtaff contribution of 4011 matched by an Employer contribution to a maximum of 5%. Staff Dovelopment There were 58 full and part-time staff in 2022123. All staff have access to training throughout the year, bolh mandatory and specialist as required. There is a regular, anonymous staff survey to measure staff well-being and happiness about various aspects of their roles and employment. The organisalion was also supported by 138 volunteers who re¢eiv8 relevant training and development. Statoment of TrustBos' respon5ibllltles The Trustees are iesponsible for prep8ring the Annual Report and financial slatements in aGcordance with applicable law and United Kingdom Genera15y Accepted Accounting Practl¢e. Law applicable to charities in England and Wales requires the Trustees lo prepare financial stalements for each financial year which give a true and fair view of Ihe Charity's financial activities during the year and its financial position al the end of the year. In preparing those financial slalemenls, the Trustees are required to.. Select suitable accounting policies and then apply them consistentty, making Judgements and estimates thal are reasonable and prudent., and Prepare the financial st8temenls on the going concern basis unless it is inappropriate lo presume that Ihe Charity will continue in business. The Trustees are responsible for keeping accounting records which disclose, with reasonable accuracy at any time, the financial position of Ihe Charity and enable them to ensure that the financial statements comply with the Charities Ads. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and deleclion of fraud and other irregularities. All Trustees have signed the new Automatic Dlsqualification declaration introduced in August 2019. RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 RB Mind's local and natlonal partners RB Mind is affiliated to National Mind but is an independent organisalion. Limited funding is le￿4ved from National Mind, through applications for grants. Through affiliation fees Nalional Mind provides block Insurance and acces510 outsourced HR and employment advi￿. Access to information and resources is provided through a Mind intranel (Connecting Minds) run by National Mind, through an annual online Mind Conference, and bi-annual Mind Leadership Conference. Bi-annual regional meetings are held between local and national Mind where ￿rategIC priorities are explored to enable effective implementation. R8 Mind is aGtive in Mind in London, a collaborative body of London Minds which provides opportunities for sharing resources, learning from best pradice, joint fundraising and joinl procurement activity where appropriate. RB Mind partners with other London Minds in a number of projecls including a pan-London service supporting parents whose teenage children are on the waiting lists for Children and Adolescent Menta5 Health Services {CAMHS) and engaging Health Education Officers to increase the uptake of physical health Ghecks by people wllh severe and enduring mental health needs. Locally, RB Mind is actively involved in a number of groups to ensure Ihe voice of mental health service users is heard across the heallh and social care sector. RB Mind sel up and chairs the Richmond Mental Health and Wellbeing Alliance, with the Local Aulhorily providing secretariat support. other groups include the Carers Strategy Group, Inlegraled Care System's involvement group Community Voices Richmond, Local Authoiily's Care and Support Partnership Board, local Health and Wellbelng Network, Equalities Stakeholders Scrutiny Board, and more. R8 Mind works in partnership with other local charities (Age UK, Ruils, Integrated Neurological Society {INSI, Richmond AID, Citizens Advice Richmond and others) and the two mental health trusts (East London NHS Foundation Trust and South West London and St George's Mental Health Trust) in the provision of local servI￿s. Key Achlevements In 202212023 The Charity develops a separate short Impact Report every year including case studies and demonstrating the difference made lo individuals, lives. Highlights in this year: 1. Reaching more than 8.000 people through Services and Training, a small Increase on the previous year. 2. Awarded a substantial £300k contract by South West London St George's NHS Trust to provide mental health Peer Support Workers across the borough, subcontracting Age UK, Crossroads Care and Richmond AID for some specialist aspects. 3. Expansion of Outreach services to include dual diagnosis, working in four hubs across the borough, reaching more diverse communities and people with more complex needs. 4. Introduction of a new Health Engagement project to ensure more people with complex mental health needs are supported lo attend annual physical health Ghecks. 5. Providing Workplace Wellbeing Training to 200 senior managers across RiGhmond and Wandsworth Local Authorilies. RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Strateglc Objectlves for 2021-2024 The Trustees reviewed the Strategic Objectives set in 2021122 in light of the current economy, developments in health and social care, and in line with National Mind priorities and agreed that the priorities remain appropriate for 2023124. l. Engage and support more people In the London Borough of RSchmond upon Thamos, with particular fo¢u8 on young people and minority communltles which remaln under-represented in RB Mind servlces Young People: RB Mind has grown and developed a number of services foryoung people, reaching 2.740 young people and their parents or carèrs through a number of new Initiatives. Reachlng moro dlverse communltles: Outreach hubs.. Recognising the Ilnk belween deprivation and mental health, RB Mind has focussed on providing services within those local communities by setting up weekly hubs in community venues based near areas of higher deprivation (Whillon Community Cenlre. Casllenau Centre, Vineyard Centre and Richmond Library Annexe), and working with clients with complex needs 81ongside the local community drug and alcohol service and homelessness prevention charity. Support is provided to a South Asian Women's group, a number of failh-based organisalions. and a partnership hub for women affected by domestic violonce. The Peer Group Nelwork will include a group for people from the LGBTQ+ community. To support this work all Staff and volunteers have taken training in Unconscious Bias, becoming AnI￿Racist, PREVENT, and LG8TQ+ awareness. 2. Ensurè sustainablllty and growth of the Charlty by Increasing Income and maximislng service capaclty Buslness Development Youth Services and Psychotheiapy and Counselling continue lo be priorities. The latter is a self-funded seTvice, remodelled to reduce external supervision cost and increased capacity lo support more counsellors. Organisational Development: The Trustees have agreed an investment budgel lo build on the Organisalional Development review carried out over 8 months in 2022123. This will increase our core structure and service staffing models to reflect recent growth and opportunities. A new Senior Leadership team will be in place by October 2023. Training: Wkth inGreased awareness and interest in mental health there has been a Significant increase in demand for Iraining in mental health awareness, managing stress, training managers in supporting staff, and a range of related courses. A number of larger local employers have asked for repeated and bespoke Iraining on 8 range of issues. Clients include Abellio, Richmond and Wandsworth Councils and South West London Health Partnership. This is a growlh area both for raising income and for raising awareness about mental health. Income and opportunities continue to increase. RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 3. Increase our visiblllty, Influence and Impact Vl$lblllty: The new Mind brand has informed a complete redevelopment of the R8 Mind website launched in 2022. Across social media the numbers of people receiving the Mindful Memo newsletter, fundraising for RB Mind and registering for services have increased. Influ¢n¢lng: R8 Mind works with Ihree other local Minds in South West London to ensure that local Minds can provide a South West London regional response to service developments wilhin the new health and soaal care structures. To ensure visibllity for Richmond Borough residents. RB Mind gils on the South West London (SWL) Mental Health Transformation Partnership Group. Suicide Prevention steering Group and Ihe Kingslon and Richmond Children and Young People's Mental Health and Wellbeing Group. The Richmond Mental Health and Wellbeing Alliance, Set up and chaired by RB Mind, ensures the local voluntary sector organisations providing support to mental health service users and carers have a voice and are able lo influence the new regional structures. Impact.. A joint Board and executive group reviewed RB Mind's systems for recording and reporting data and resource has been allocated to rnake further improvements in our client data systems including training for staff and more robust recording procedures. 4. Engage and d¢velop $tsff and voluntgers to ensure the hlghest quality servlces and hlgh staff and volunteèr satlsfaction The annual slaff suNey and away day focussed on the development and support needs for staff, and a number of initiatives are lo be implemented in 2023124, including the introduction of pay bands and staff development plans to ensure thè stability of the workforce 8nd reduction in staff turnover. All staff have access lo an Employee Assistance Programme, Wellbeing Action Plans and a range of training. Volunteers are celebrated through certificates of achievement and a range of training and skills developrnenl. Volunteers are hugely valued within all aspect of RB Mind's work and many volunteers become employees within RB Mind seNices. Future plans and consSderations: As a result of the reconfiguration of services during the pandemic all services continue lo offer blend of online, phone and face to face support. The cost of living continues to be an area of Goncern for both service users and the suslainabilily of the organisalion. RB Mind is represented on a number of local VCSE and Mind forums focussing on developing a range of Support. There Is widespread concern throughout the sector about recruitment and retention and increaging costs of Servi￿ provision. RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Accommodation Revlew During 2022123 RB Mind worked with external consultants lo fully review cUr￿n1 and future needs of services and considered options for existing buildings and the potential for moving into more suitable accommodation. More than 20 premises were viewed and assessed against the needs of the organisation. None mel the aspirations for a community hub space providing Vlsibilily for the organisation and better facilities for SeTV1￿ users. and bringing the staff team into a shared space. The Board agreed to renew the lease on UK House and lo develop 32 Hampton Road as far as possible. The review will continue with a three year plan to find and develop a new space reflecting the organisation's needs in 2026. The people we alm to benefit The Trustees have considered th8 Charity Commission's guidance on public benefit when reviowing the work of the Charity and our future acliwlies. RB Mind's client groups are young people, adults, inGluding older adults with mental health needs living in Richmond borough, and carers. Services span low lo moderate to more complex needs. Our Servlces: Richmond Borough Mind provides services across the spectrum of mental health needs, from low to moderale needs to more complex needs and for people in Grisis. Services for people wlth Complex Neod$ I Support In Crisls Wellbwng Centre 112 people were supported in the Wellbeing Cenlre, many of whom were new referrals. The Wellbeing Centre has existed in various forms and locations for more than 30 years. The primary client group is people who have been under slalutory mental health services and live with a chronic mental health condition which they seek help to manage to enable them to live well In the community. More recently the Wellbeing Centre has begun offering drop-ln sessions at 32 Hampton Road for anyone in the borough with mental health needs. People are assessed and introduced to the seNices which best meet their needs. The Wellbeing Centre is funded by the Local Authority and Richmond Integraled Care Board. It offers a range of psycho-educational and practical group and one-lo-one support aimed at improving confidence and self-esteem, working with service users to achieve life goals. Specialised groups, Recovery from Trauma and Hearing Voices, provide in-depth supporl, with many people who may have been in services for years maklng 8 significanl improvement to their mental health. More than 400 people visited the Wellbeing Centre Community's art exhibition in Turnerfs House in March 2023. The beautkful artworks were prodtjced during art groups throughout the year in a project supported by artlsls working with Turner's House. The team works closely with the community mental health teams, social services, Citizens Advice, Richmond AID, Tumer's House (kncal artists and a Gommunity horticulturist) and Kew Gardens. 10 RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Journey Recovery Hub (Crisis Caf95) 105 new people were supported, alongside another 30 ongoing cltents over the year. Two hubs providing out-of-hours non-clinical crisis support operate in RB Mind's communtly building at 32 Hampton Road and the Alfriston Centre in Kingston. Support is provided for people in pending crisis every evening and al the weekend. Cl¢enls report to the hubs suffering from isolation, PTSD. self-harm, eating disorders, depression and anxiety. The le8m play a significanl role in crisis prevention, reducing risk of suiclde and working with clients lo develop their own crisis plans and coping teGhniques. The aim is to prevent crisis and to serve people who would otherwise allend the local emergency depattmenls. The team works ¢losely with the mental health teams gnd the poli￿, and referrals continue to increase. Services for people with low to moderate Mgntsl Health Needs: Peer Group Network /Befriending 31 Peer Volunteers in the Peer Group Network IPGN) supported both peer led groups and provided befriending services. 67 new service users joined the peer group nelwork, with 39 people attending a range of groups each month. The NelNork comprises groups run by and for people who experience rnenlal health problems. The project encourages our members to build their own support networks, develop skills and reduce isolation, and is funded by the local authority through the local Community Independent Living Scheme ICILSI initiative, and with a significant Gontribution from the Hampton Fund. This service njns at full capaoity with referrals mainly coming from Social Prescribers, GPS, self-referral and other RB Mind services. Talking Theraples Richmond (was Richmond Wellbeing Servlce) In 2022123 Talking Therapies Richmond treated over 5000 patients, Meeting aGce5S targets and ex￿edIng the nalionally targeted recovery rate of 50% by more than 10% in some months. Talking Therapies Richmond is an NHS service and offers a range of support lo people experiencing common mental health problems such as depression and anxiety. The service offers cognitive behavioural teGhniques lo feel better and keep well in the future, mainly Ihrough group work. DuTing the year this setvice and RB Mind's contraGt for the Low Intensity element moved from East London NHS Foundation Trust IELFfi to South ljvesl London St George's NHS Trust ISWLSIGI. The transition wa$ relatively smooth, providing continuous support for seNice users other than one week for migration of the IT systems. Servloe$ spanning all levels of needs Carers In Mlnd 585 Garers were directly supported in 2022123. Families and friends play a vital role in supporting people with mental health problems. The Carers in Mind team in turn supports them with their own mental health needs Ihrough one- to-one meetings, infomiation, social activities, and psycho-educational workshops to increase RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 their understanding of mental health issues and how they can affe¢t their cared-for. There is a strong peer support element in the provision, with a number of well-attended carers, peer SUPPOrt groups across the borough. The team works extensively with the community mental health teams, with ward slaff and other voluntary sector organisations. A regular surgery with social services is provided to increase carers, access lo support they are entitled to receive. Outreach Services Gaining visibility and reaching more people is one of RB Mind's key priorities as outlined above. The reach has been greatly enhanced by growing the Outreach team with skilled workers who can provide inlerventions in the community while raising awareness of mental health and signposting to services. Building on the successful sel up of 3 community hubs supported by RB Mind's Peer Outreach worker, Richmond Council agreed funding for a further Outreach Worker lo reaGh people with more complex needs possibly stemming from food poverty, homelessness or alcohol and substance misuse. Along with the Health Engagement Officer this team has allracled and supported many more people from a range of diverse communities, including Aslan, Ukrainian, other Easl Europeans and the LGBT+ communities. The team continues to build opportunities for people to access ￿ntaI health support in the community, offering sessions in many new sellings including Peter and Paul Community Centre in Teddinglon, St. James Church in Hampton Hill, Spear offices, Mortlake Community Centre, Richmond's all-in-one hub for walk-in ¢lienls and at the foodbank on Healhfield Recreation Ground. Psychotherapy and Counselling 95 seNi¢e users allended therapy, with an average of 20 volunteer counsellors each week. The service offers a range of psychotherapy and counselling models, providing a safe confidenlial space to explore and talk with a professional therapist. This year Expressive Arts therapy, Dance Movement and Coaching groups were successfully piloted. Clinical supervisors provide weekly supervision lo the therapy team ensuring the service users are receiving a high quality service meeting the BACP ethical standards. The service is self-funding, with 30% of clients offered the lowest cost sessions, and 15 clients were subsidised by funds from The Richmond Charities. RB Mind remains one of the few low- cosl options for longer lerm counselling In the borough. The service has been returning to pr&pandemic levels with increased clinical leadership and a greater focus on more complex needs. The team of therapists is very much more diverse, enabling RB Mind lo provide a service for a more diverse group of Glients. Cost of living challenges have meanl more clients being unable to afford therapy and RB Mind is very grateful lo The Richmond Charities for increasing their granl fund this year. 'My Iherapist W8s able lo help m8 connect with myself b8lter and understand what my issues are, which is a huge step bec8use foryears l 8ltherdidn't know whal was wrong orjust oulright ignor8d any 'problems" and we used a who18 range of techniqu8s lo look at ways to address those issues., Counselling Glient 12 RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Mind'n Mortlake is a satellite service of Ihe Wellbeing Centre meeting on a Friday for a range of activities including art, cooking and discussion. The aim behind the social. educational and recreational activities is to assist Ihose with a lack of support, low self-esleem and confidence, helping them make steps towards their goals. The Positive Living Gn)up on Wednesdays in Barnes is well attended and focusses on food and nutrition, learning how to choose and cook healthy foods, and how diet can impact on mental and physical health. Youth and Schools Sernlces Our Youth Wellbeing projects engaged 2.740 people, mostly young people aged eight to Iwenty five, bul also parents. careTS and school staff. Highlights in this year incllbde Strong partnership work with Kingston and Richmond Youth CounGiI, whbch has included peer mentor Irainlng for the youth council. co-production and delivery of a range of workshops for schools during Ment81 Health week and currenl planning on a co-produced document to help young people in the borough with Mental Health issues. Joint delivery with Creative Youth in the new 'youlh hub, in central Kingston. This has consisted of creative art sessions delivered by RB Mind and Creative Youth staff. Attendan￿ was low in the first instance but has now pi¢ked up to a good average attendance of Young People with conversations ongoing about next steps for the projeGI. Brandon Centre and local Minds, Parents Course has had positive feedback from participants, with parents feeling more confident in their support and young people's mental health becoming more manageable, requiring fewer GP 8ppoinlmenls. Finding suslainable funding for youth proje￿$ continues to be a real ¢hallenge. With decreased funding and staff team this year we have had to reduce some of our services su¢h as Life Skills. RB Mind is grateful for funding from the Richmond Voluntary Fund, Hampton Fund, and CooplNational Mind partnership, Kingslon and Richmond ICB to support the youth services. '118arnl Ih8t we allhave different 8molFons and when they get too much they ov8rfillmy buck81. In class after117e assembly we wrote down 5 ways we can m8k& ourselves feel belter when feeling anxious. I now c8n use these,. C8th8rine Helpline The Helpline opened in June 2020 in response to the per￿1Ved growing needs for emotional support and signposting. Skilled and experienced volunteers provided evening and weekend phone support. As people have become more Gonfidenl lo attend face lo faoe services. there has been reduced demand for the Helpline. The service will end during 2023124 with Gallers being diverted to olher RB Mind servtces. 13 RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Voluntg&rlng 126 volunleers provided more than 5,000 hours of support across the organisation. Volunteers are a vital part of our organisalion and increase our abilty to be able to respond to changing needs locally. Our Volunteer Coordinator, funded in part by Hampton Fund. provides specific support for both volunteers. many of whom have experience of mental health problems, and for Ihe staff who support the volunteers within our projects. Volunteers run our peer groups and youth wellbeing workshops, deliver counselling sessions in our Psychotherapy and Counselling SeNice, support our Carers in Mind and Wellbeing Centre service aGtivities, and support communications Ihrough our social media and allending events. Volunteering makes m8 f8el more confident and positive about mys81f bec8U8e I f&el 8S though l am offenng something positive and giving b8ck. It also giv8s a slructure to my week which is Important formy own mental health and wellbeing. Core serviGes Volunteer Business Development, Tralnlng and Communl¢ations The Charity does not engage any exlernal fundraising support. We have received no complaint5 about our fundraising activity and are pleased to receive regular comments on Ihe value of our work from the people who fundraise for us. We were delighted lo have been chosen as Charity of the Year for Fulwell Go5f Club, who far exceeded their own expectations by raising over £50,000 for RB Mind. They continue to run events to raise awareness about Mental Health and funds for RB Mind. The fully rebranded website was launched in Autumn 2022 enabling more efficient fundraising and with the longer term intention to provlde booking and payment options for training and counselling services. Mindful Memo provides regular tips and insights in managing mental health and direcling people lo relevant services. This newsletter reaches 1,800 people bi-monthly. Our training a¢tivily has increased substantially, offering training lo Richmond and Wandsworlh Councils, Abellio. the voluntary sector, and a number of other organisations. In 2022 we produced a professional brochure outlining 12 courses available lo organisations and this has enabled more active promotion of Iraining. 14 RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Flnanclal Review: In the year to 3151 March 2023, income increased by 8.8% to £1,723,763. The growth is due to additional funding for the Outreach workers, Health Engagement Officer, additional core administration and additional funding for our support services. In the year, expenditure rose by 13.60/0 to £1,696,258. Much of the additional expenditure is the staffing cost for additional core and finance administration, OLJtreach workers, Psychotherapy and Counselling staffing and staff payrises. The principle of Full Cost Recovery has been applied to our projects, based on Full Time Equivalenl Staffing of the projeGls. A surplus of £27,505 results in a positive movement of funds to £669,292 las shown in the Statement of Financial Activitle8 in the acGounls and Note 13 - Funds Analysis). As everwe are grateful forthe support of our local funders and supporters.. Barnes Workhouse, Big Yellow Richmond, Bill Brown's 1989 Charitable Trust. Hampton Fund. Richmond Charities and Richmond Parish Lands Charity. Legacies, in memoriam donations, other lo¢al organisalions and other donations are valuable in the support of our services. Income by Proje¢t Area: Income by Project Area 2.2% 1.0% 1.4% 0.6% 0.8%J 41. 7.2% 3.1% CoTe Infrastruciure Rlchmond Wellbeln8 Ser￿ce (Low Iniensltvl The Wellbelng Cerbtre Peer Network Youth Carer5 Volunt¢erlng Recovery Hub P5ychothÈrapy and Coun5ellln6 Servlces Training Connect ioTech MH AssertlvÈ Ouireach 15 RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Income Breakdown by Funding Source Income Beakdown by Funding Source 3.46%_ 1.53% "i O...D.lO% 0.28%.z 34 144.86% Restricted Staturovy Grantslcontracts Restrlded Non-StatutovyGrantslFundin8 Unrestricted Non-statutory GrantslFundSng and CoThtracts RestrlciÈd Donation5lFundralslng Unre5trlcted Donatlons/Fundralsin8 Restrlcted Income-TherapièslTralnln8 Unrestrlcted Income- Tralnlnglother Investment pollcy Interest rates have increased during the course of the year. Cash balances are automatically managed between the interesl-bearing CAF Gold account and the CAF Current Account to meet cash flow requirements. The sum invested in the CAF Platinum Account remains at the same level. Transfers ofcash have been made from the CAF Gold Account into the Hampshire Trust Bank, Cambridge Building Sociely, and Monmoulhshire Building Society, with the aims of diversifying cash holding and to obtain slightly higher inlerest rates. whilst minimising risk. 16 RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Resenies Pollcy RB Mind holds reserves to increase resilience in times of uncertainty. to provide a temporary buffèr if funding is lost. and to cover any future potenlial It8bililies that are not provided for in the accounts. RB Mind's funding model is a mixed one, with subslanlial funding coming from statutory bodies such as the London Borough of Richmond and the NHS, and Ihe majority of the rest from non- statutory grants. Through building fundraising activity we are trying to increase the level of income generated from donations and other sources in order to provide funds for new proje￿$ as well as ensuring that all overheads are covered. Some projects are funded by a sole funder. otheTS may be funded by a mixture of funders. If funding for a particular project is lost, reserves may be used while alternative funding is sought, bul rf this is not possible the project would generalty be temiinaled. In some Gases a project may be taken over by a different operator. The Board reviews risks to funding on a regular basis and has contingency plans for the loss of funding. At the balance sheet date, reseTves (after deducting the value of fixed assets and restriGled reserves) was £505,318 which is fractionally less than 3 months of future budgeted operating costs. The Board agreed additional expenditure on core infrastructure to enable growth in capacity and sustainability. The Board's target is to hold 3 to 6 months of operating costs as reserves, which based on the current budget, equates to approx. £535,000 - £1,074,000. The aim is to rebuild reserves to the minimum level over the next 2 years. Thank you to our funders and fundralsers We of course could not offer the seNices or have the same impact without the support of our funders and fundraisers, and those who give their support in kind. They are acknowledged below and we thank them all most sincerely. In addition, we would like to thank those funders who wish to remain anonymous. Age UK Richmond Active Fund Big Yellow, Richmond Richmond Charilies East London NHS Foundation Trust Richmond Parish Lands Charity Fulwell Golf Club Richmond Voluntary Fund Hampton Fund Ride London Team Kirsty in a Kayak South Wesl London & St Georges NHS Trust London Borough of Richmond Upon Thames South West London Integrated Care Board London Marathon Runners Sl Michaels and All Angels Church Masonic Charitable Foundation The Barnes Fund Mind in Brent, Wandsworth and we￿MInSter Visor Art Depl Mind in Enfield & Barnet Waitrose Nation81 Mind 17 RICHMOND BOROUGH MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Statement as to Dlsclosure of Information to Audltors The Trustees in office at the dale of approval of this report have confirmed that, as far as they are aware, there is no relevant audit information of whiGh the auditors are unaware. Each of the Trustees has confirmed thal they have taken all the steps that they ought to have taken as Trustees in order lo make themselves aware of any relevanl audit information and to establish that it has been communicated lo the auditors. The Trustees, Report was approved by the Truslees on 11th September 2023 and s¢gned on their behalf by.. Guiiil Mahil Chair of Trustees 18 RICHMOND BOROUGH MIND INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Oplnlon We have audited the financial statements of Richmond Borough Mind {Ihe 'Charity') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and notes to the financial slalements, 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 Slandard appli¢able in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial slatements- give a true and fair view of the slate of the Charity's affairs as at 31 March 2023 and of its income and expenditure for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Practice., have been prepared in aGGordance with the requirements of the Companies Act 2006. Basis for opinlon We conducted our audit in 8cCOrdan￿ with International Standards on Audillng {UK) {ISAs (UKII 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 wilh the ethical reqLJiremenls that are relevant to our audit of the financial statements in the UK, inGluding Ihe 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 appropriale to provide a basis for our opinion. Conclusions relatlng to golng concorn In auditing the financial stalernents, 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 idenlified any material uncertainties relating to events or ¢ondilions thal, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern fcir a period of al least twelve months from when the financial statements are authorised for issue. Our responsibilities and Ihe responsibilities of the directors with respect to going ¢on¢ern are described in the relevant seclions of this report. other infomiatlon The Trustees are responsible for the other information. The other information comprises the Information included in the annual report other Ihan the financial slalements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except lo the extent othemise explicitly slated in our report, we do not express any form of assuran￿ conclusion thereon. 19 RICHMOND BOROUGH MIND INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 In wnneGtion with our audit of the finanGial statements, our responsibility is to read the other information and, in doing so, consider whether the other infomatlon is materially inconsistent with the financial statements or ovr knowledge obtained in the audit or olhetwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to detemine whether Ihere is a material misstalement in the financial statements or a material migslalemenl of the other information. If, based on the work we have performed, we ￿nclUde that there is a material misstatement of Ihis other information, we are required to report Ihal fact. We have nothing lo report in this regard. Opinions on olher matters prescribed by the Ci)mpanios Act 2006 In our opinion. based on the work undertaken in Ihe course of the audit: the information given in the Trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Trustees, report (incorporating the directors, report) have been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light ef the knowledge and understanding of the Charity and its environment oblained in the course of the audil, we have not identified material misstatements in the Trustees, Annual Report. We have nothing to report in respect of the following mallers in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us., the financial statements are not in agreement with the accounling records and relurns., cerlain disclosures of trustees, remuneratlon specified by law are not made., or we have not obtained all the information and explanations necessary for the purposes of our audit. Responsibllltles of the Trustees As explained more fully in the Trustees, responsibilities statement, the Trustees are responsible for the preparation ofthe financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is ne￿$Sary to enable the preparation of financial stalements that are free from malerial misstatement, whelher due to fraud or error. In preparing the financial stalemenls. the trustees are responsible for assessing the Charity's ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going ¢oncern basis of accounting unless Ihe trustees either intend to liquidate the Charity or lo cease operations, or have no realistic alternalive bul lo do so. Our responslbilities for the audit of the financial statements Our objeGtives are to obtain reasonable assuran￿ about whether the financial slatèmenls as whole are fr8e from material misslalement, whether due to fraud or error, and to issue an 20 RICHMOND BOROUGH MIND INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 audilorfs report that includes our opinion. Reasorbable assurance is a hlgh level of assurance. but 18 not a guarantee that gn audit conducted in accordance with ISAS {UKI w511 a￿lay8 detect a material misstatement when il exisls. Misstatements can arise from fraud or error and a considered material if. individually or in the aggregate, they could reasonably be expected to Influence the economic decisions of users laken 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 irregularitles, including fraud. The extent lo which our procedures are capable of detecting irregul8ritie8, includlng fraud are set out below. In identifying and assessing risks of material misst8tement in respect of irregularilies, including fraud and non-complian￿ with laws and regulations, our procedures included the following.. We enquired of management. which included obtaining and reviewing supporting documenlalion, Gon￿rnIng the charity's poliGie8 and procedures relating lo.. The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. We inspected the minutes of meetings of those charged wilh governance. We reviewed the financial statement disclosures and lested these lo supporting documentation to assess compliance with applicable laws and regulations. In addressing the risk of fraud Ihr(>ugh management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significanl transactions that are unusual or those outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities, including those leading to a material misstatement in the financial slatements or non-¢ompliance with regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud Involves inlentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. [www.frc.org.uklauditorsresponsibililiesl. This desGription forms part of our audilorfs report. This report is made solely to the Charity's members, as a body, in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so that we mighl state to the Charity's members those malters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent pem)itted by law, we do not accept or assume responsibility to anyone other than the Charity's members as a body, for our audit wor for this report. or for the opinions we have formed. Anthony Epton (Senior Statutory Auditor> for and on bèhalf of Goldwins LlmSted Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG 12 September 2023 21 RICHMOND BOROUGH MIND STATEMENT OF FINANCIAL ACTIVITIES {incorporating an income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2023 2023 Total funds 2022 Total Funds Unrèstricted funds Restrlctod lund Notès Income from.. Charitable aclivilies.. Other trading activities Investment inctsme Total Income 832.917 8,985 6.161 848.063 873,905 1,795 1,706.822 10,780 6,161 q,723,763 1,565,402 14.367 4.222 1,583,991 875.700 Expenditurè on: Raising funds Charitable a¢livilies Total expèndltur• 48,672 762.615 811,287 48,672 1,647,586 1,696,258 53,144 1.439,990 1,493,134 884,971 884,971 Net income before fund transfers 36,776 {9,2711 27.505 90.857 Transfers between funds 111,5791 11,579 Net movament In funds 14 25,197 2,308 27,505 90,857 Totsl funds brought forward 585,406 56,381 641,787 550,930 Total funds carrlèd for¥vard 610,603 58,689 669,292 641,787 The alla¢hed notes form part of these finan¢lal slatemenls. 22 RICHMOND BOROUGH MIND BALANCE SHEET AS AT 31 fdiARCH 2023 2023 2022 Notes FIXED ASSETS Tangible assets 105,285 109,702 CURRENT ASSETS Debtors Cash al bank and In han 164,488 734,566 899.054 198,514 715.644 914.158 CREDITORS: Amounts falliny due within one year 1314,3721 1382,0731 N9t current assets 584,682 532,085 CREDITORS: Amounts falling due after more than one year 10 120,67SI 564,007 532,085 Tot81 assats lass current Ilablllties 669 292 641.787 FUNDS 11 Unreslricled funds Restricted funds 610,603 58,689 585,41 56.381 669,292 641,787 The accour)ts wore approved by the board of directors on 111h September 2023 and signed Ihelr behaw by GurjÈt Mahil (Chalrl Company R8gistratlon No. 7954134 23 RICHMOND BOROUGH MIND BALANCE SHEET AS AT 31 MARCH 2023 The allached notes fom) part of th&se financial slatemenls, 2023 2022 Notss Cash flows from opgratlng activitios: Nel cash provilled by l (used inl opeTaling adivilies 14 12,761 36,155 Cash flow8 from Investing a¢tlvltles: Inleresll renv dividends from investments Sale I (purchase} of fi'xed assets Cash providad by I lused inl Invèstlng actlvltles 6,161 1,215 21.950 6,161 23,165 Changg in cash and cash equlvalents in the year 18.922 59,320 Cash and ¢ash equivalents at the beginning of the year 715,644 656,324 Cash and Cash equlvalgnts al the end of tho year 15 734,566 715,644 24 RICHMOND BOROUGH MIND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES al Basis of preparatlon The financial statements have been prepared in accordance with Accounling and Reporting by ch8riliÈs.' Statement of Recommended PTacli¢e applicable lo ¢harities preparlng their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102- effective l January 2015)- {ChaTilies SORP FRS 1021 and the Companies Act 2006. The charitable company meets thè definltion of a publi¢ benefit enlily under FRS 102. Assets an liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy or note. bl Golng concèm The Trustees consider that there are no material uncertainties about the charitable company's ability to continue a5 a going concern. The Trustees do not consider that there are any sources of estimation uncertainly 81 the reporting date that have a signific8nl risk of causing a material adjustment lo the carrying amounts ol assets and liabilities within the next reporting period. c) Incom$ Incomts is recognised when the charity has entitlement lo the funds, any performance conditions attached to the income have been met, It is probable that the income wi11 be received and that the amount can be measured reliably. Income from government and other grants, wholher'capital. grants or'rev?nue' grants, is recogni5ed when the charity has enlitlemenl to the funds, any performance conditlons attached lo the grants have been mel, it is probable that the income will be Teceived and the amount can be measured reliably and is not deferred. Income re¢eived in advance for the provision of specifled servi¢e is deferred until the ¢rlle¥ia for income recognition are mel. For lega¢ies, entitlement is Isken as the eaTlier of the dale on which either.. the Charity is aware that probate has been granted, the estate has been fina5ised and nolificalion has been made by the execulorlsl lo the charity that a distribution be rlla4Je, or when a distribution is received from the estsle. Receipt of a l@gacy, in whole or in part, is only considered probable when the amount can be measured reliably and the chafily has been notified of the execulor's intention to makè a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for incLTrme recognition have not been mel. then the legacy is a treated as a contingent asset and di5¢10god if material. dl Donation$ of gifts, services and facilitios Donated professional services and donated facilities are recognised as incom& when the charity has control over the item or received the service, any conditions associated with the donation have been m@t, Ihe receipt ol e¢onomic benefit from the use by the charity of the item is PTtsbable and that economic benefit can be tneasured reliably. In aG¢ordance with the Charities SORP (FRS 1021, volunteer Ilme is not recognisod so refer to the Trustees, annual report for more infomialion about thelr ¢Dnlribulion. On receipt, donated gifts, profesglonal services and donated facilities are recognised on the basis of the value of the gift to the ¢harily which is the amount the charity would have been willing lo pay to obtain seryices or facilities of equivalent ￿onoMiC benèfit on the open market., a corresponding 8mount IS then recognised in expenditure in the peri(Kl of recèipt. ) Interest ro¢glvable Interest on funds held on depos5t Is Included when receivable and the amount can be measured reliably by the charity., this is noTmally upon notification of the interest paid or payable by the bank. 25 RICHMOND BOROUGH MIND NOTES TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES l¢ontlnugdl fj Fund a¢¢ountlng Unreslri¢ted funds are available lo spend on adivities that further any of the pUr￿se$ of charity. Designated lunds are unreslri¢ted funds of the charity which the Trustees have decided al their di$¢relion to sel aside lo use for a specific purpose. Restricted funds are donations which the donor has specified are lo be sololy used for particular areas of the charity's work or for specrfie projects being undertaken by th8 chartly. gl Expgnditure and irrè¢ovèrabl• VAT Value Added Tax is not recoverable by the Charlty, and os such, is Included in the relevanl costs in the Slalernenl of Financial A¢livities. h) Allocation of support costs Support ¢Dsls are those functions that assist the work ol the ¢haDty but do not directly undertake ¢haritable aclivilies. SuppDrt costs include back-office costs, finance, personnel, payroll and governance costs which Support the Charity's aclivllies. These costs have been allocated between costof raising funds and expendi￿re on charitable aclivitse5. The b8ses on which support costs have been allocated are sel OLSI in note 6. il Operatlng1oa$gs Rental ¢harges are charged on a slraighl-line basis over the term of the lease. j} Tangible fixod assets Fixed assets gre all used for the Chaiily's purposes and are Included al CDSI and are depre¢ialed on a slraighl-line basls al the following rates.. Freehold buildings Fixtures fittings and equipm&nl Office equipment 2% 10D 100 Only purchase8 Costing more than £1,000 are capilalised. kl Stocks Stock is in¢luded at the lower of eosl or nel realisable value. Donated items of stock are recognised atfair value which is the amount the charity would have been willing lo pay for the items on the open market. 11 Debtors Trade and other debtors are recognised at the seltlemenl amount due afte¥ any trade discount offered. Prepayments ar8 valued al the amount prepaid nel of any trade discounts due. m} Cash at bank and In hand cash al bank and cash in hand in¢ludes cash and short term highly liquid investmen15 wlth a short malurily of three months or less from the dale of acquisition or openin9 of the deposit or similar account. n) Creditor$ and provisions Creditors and provisions are recognised where the charity has a pre$enl obligation resulting from a past event that will probably result in the transfer of fund5 to a third party and the amount due lo settle the obligation can be measured or estimated reliably. Creditors and provl$ions ar6 normal recognised al their settlemÈnt amount after allowing for any trade discounts due. 26 RICHMOND BOROUGH MIND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 2 DETAILED COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrostricted Fund$ R$$trlcted funds 2022 Total funds Incomo from: Charitable activities.. Other trading activities Investment income Total income 788,596 13,692 4.222 806.510 776,806 675 1.565,402 14,367 4,222 1,583,991 777,481 Expenditure on: Raising funds Charitable activities Total expenditure 53,144 687.746 740.890 53,144 1,439,990 1.493,134 752,244 752,244 Net income before fund transfers 65.620 25,237 90,857 Transfers between funds 111,4981 11.498 Net movoment In funds 54,122 36,735 90.857 Total funds brought f0ry4ard 531,284 19,646 550,93D Total funds ¢arrled forward 585,406 56,381 641,787 27 RICHMOND BOROUGH MIND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 3 GRANTS AND DONATIONS After allowing for grants in advance brought forward and carr¢ed forward Unr&stri¢tsd Restrlctod Total 2023 2022 Statutory Grants London Borough of Richmond Upon Thames Rlchmond Carers Centre NHS Richmond Wandsworth Council- Covid re$8arch NHS Richmond -youth NHS Richmond- Jouiney Recovery Hub 190,219 103.784 190,219 103.784 100,195 98,038 26,269 2.000 41,200 2,000 41.200 38,000 256,969 256.969 228,61 Non-statutory GrantslFundlng and Contracts Hampton Funds Richmond Parish Lands Charity Richmond Voluntary Fund East London NHS Foundation Tru¥l South Wesl London Sl Georges NHS Barnes Workhouse Fund BS11 Brown Charitable Trust Mind Enfield and Barnel National Lollery Carers Grant National Lollery Youth Befriending Nation81 Mind Youth Grants National Mind Counselllng Grant Age UK Olher Grants 42.600 7.795 29,032 42,600 60.295 29.032 481,732 227,268 12,974 48,475 81,200 37,12S 691,056 52.500 481,732 227,268 8,500 4,474 12.858 3,750 33,224 33.224 2.900 60,938 40.000 25,548 5,000 60,938 40,000 25.548 8,300 53.429 24,504 11,076 3,30Q other Donatlons 59,617 4,75D 64,367 54,266 Therapie¥ 26,372 873,905 53,654 1,565,402 832.917 1 706,822 4 OTHER TRADING ACTIVITIES Total 2023 Total 2022 Unrestrletéd Restrictod Food income Consultancy Training income 795 795 3,10D 8,985 8,985 10,780 14.367 S INVESTMENT INCOME Total 2023 Total 2022 Unrestricted Restrictsd Sales of shares Bank interest re¢eThied 3.007 1,215 4,222 6,161 6.161 28 RICHMOND BOROUGH MIND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 311I4lARCH 2023 ANALYSIS OF EXPENDITURE Cost of raising funds Charltable Actlvltles Support Goverllancg Costs costs 2023 Total 2022 Total Staff costs Other staff costs Direct projects Costs Audit fees Other governance costs Legal & professional fees arkeling and publication Subscriptions Depreciation Premises costs Office running costs 38,401 1.112,228 52,956 103,678 186,276 11.586 1,170 1,336,905 64,549 108.106 4,000 872 1,199,867 78.948 85,535 4,000 1.749 3.258 4.000 26 846 3,660 1,118 727 4.418 60,663 15.363 1,354,811 9,125 1,262 3,085 12.785 2,3BO 4,888 4,418 96.885 1,276 1,890 4,029 4,417 75,001 1.Q76 5,305 599 48,672 30.917 44.508 288.775 4,000 1.696.258 1,493.134 support costs Governance costs 288,775 1288,7751 4,000 (4,000) Total &xponditure 2023 1.647 586 1,696 258 Total expenditure 2022 53,144 1,439,990 1493,134 Of the total expenditure £811,28T was unreslricled expenditure12022.. £740.8901 and £884,971 was reslricl&d expenditure (2022.. £752,244). Support and governance costs refer lo the costs involved in operalion813clivity which support the delivery of the charitable airns. They are allocated on the basis of full-time equivalent staff working on each activity. 7 FIXED ASSETS IFOR THE CHARITY'S OWN USE) Frèèhold Fixturès & Property Fittings Office Equlpment Total COST Al 31 March 2022 Additions At 31 March 2023 110,846 47,861 2,407 161,114 110,846 47,881 161,114 DEPRECIATION At 31 March 2022 Charge for period Al 31 March 2023 19,966 29,039 2,200 2,407 51,412 22,183 NET BOOK VALUE At 31 March 2023 105,285 At 31 March 2022 90,880 18,222 109,702 The Trustees estimate the market value of the freehold pioperty lo be £500,000 12022.. £400,ODOI. 29 RICHMOND BOROUGH MIND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 OEBTORS 2023 2022 Grant and contract debtors Prepayments Accrued incom other debtors 128,382 24.469 1,500 10,137 164,488 168,543 18,335 1.500 10,136 198,514 CREDITORS- amounts falling due withln one year 2023 2022 Deferred income PAYEINIC Accruals Other creditors 243,332 33,944 17,264 19,832 314.372 308.125 31,508 27,863 14,557 382,073 Dgferred income 2023 2022 Balance al the beginnlng of the year Amount released to income in the year Amount deferred in the year Balance at the end ol the year 308.125 1219,645} 154,852 243.332 278.790 1256,6201 285,955 308,125 CREDITORS- amounts falling due after more than ong year 10 2023 2022 Other Creditors 20,675 This is a dilapidation provision frir Tefurbishmenl Costs falling due In Sept 2026 for offi¢• premises. 11 STAFF COSTS 2023 2022 Salaries and wages Pension Social Security costs 1,196,915 41.540 98.4SO 1,336.905 1,082,470 36,201 81,196 1,199.867 There were 58 fv11 and part-time employees during the year12022'. 561. One employee recelved emoluments between £60.000 10 £69,999. The lolal employee benefits including pension Bonlributions of the key management personnel were £72,931 {2022. £70,355). 30 RICHMOND BOROUGH MIND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS Funds balances at 31 Maych 2023 arg representsd by Unrestrlctod Funds Restrlctgd Funds Total funds 2023 Total lundg 2022 Fixed assets 105,285 105,285 109,703 Current a85els 840,365 58,689 899,054 914,158 Current liabilities {314,3721 1314,3721 1382,073) Long term liabilities 382,073 Total Net Assets 610,603 58.689 669,292 641,T87 Funds balances 8t 31 March 2022 were represented by Unreslrtcled Funds R&stricted Funds Total lunds 2022 Total funds 2021 Fixed asgets 109,702 109,703 136.069 Current assets 857,777 56,381 914,158 742,033 Current liabilities 382 073 382.073 327 172 Total Nel Assets 585,406 56,381 641,787 550.930 13 FUNDS ANALYSIS 2023 Balance at 0110412022 Balanc& at 3110312023 Incomè Expgndlture Transfars Unrestricted Funds 585,406 848 063 811287 610 603 Rostricted Fund$ Carers Therapies Peer Support Wellbeing Cenlre Assertive Outreach Volunteering Bounce l Youth Journey Recovery hub Kickslart Hampton road project Training Di9ltal inclusion 26,072 106,578 67,872 53,148 123,712 23.941 13.000 174.189 256,969 16,535 1109,707) {76,7511 136,3221 {121,0091 123,941) 127,125) 1174.1561 {256.9691 {19,2351 22,943 8,879 114.1251 6,698 8,319 9,399 11,021 14,125 14,464 14.497 2.700 628 828 1,000 11,000) 56,381 875,700 1884.9711 11.579 58,689 TOTAL FUNDS 1723 763 1696.258 669 292 31 RICHMOND BOROUGH MIND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 FUNDS ANALYSIS 2022 Balance at 0110412021 Balan¢e at 3110312022 In¢ome Expenditure Transfers Unrostricted Funds 531.284 806.510 740 890 11,498 585 406 Restrlctod Funds Garers Therapies P&er Support Wellbeing Centre Volunteering Bounce l Youth Journey recovery hub Kickslart Hampton road project Training Digital inclusion SWL Winter Discharge Project 10,326 129,735 58,654 62,104 109.904 13,000 149,604 228,606 22,685 {113,9891 {70,152) 133,135) 1110,077) 125,271) 1135,1401 (228,6061 122,6B51 26,072 11,498 112,271} 8,698 8,319 8,492 12,271 14.464 828 828 7,113 5,485 17,113) (5,485) 591 777.481 591 1752.2441 19,646 11,498 56.381 TOTAL FUNDS 550,930 1,583,991 1.493,134 641.787 Rèstrictod Fund8: Carers Carers In Mind supports families and friends supporting someone wllh a mental health problem. The reserves carried forward are lo be spent on activities and the rewriting and publishing of the Carers Handbook. Peer Grou N&twotl( Reslricled reserves lo be spent on Iraining peer volunteers and community venue hire. Wellbein Centre includin Pgsilive Livin Grou The Wellbeing Centre is a referral only projeetfor adults under the care of the Community Mental Health Team. The reserve$ carried forward are to be Spent on the Wellbeing Centre £11,021. Ham ton Road PrD ecl The refurbishment, exlenslon, and fit out of our premises at Hampton Road look place in 2018. Funding for the project came from Hampton Fund £25,000, Richmond Parish Lands Ch8rily £25,000, Lloyds Bank Foundation (Enable) £10,369, and unreslri¢led reserves. The expenditure has been ¢8pitalised and is shown in fixed assèts. Resetves of £828 remain for the fil out, from Richmond Parish Lands Chorily reserves transferred lo spend for this project. Youth fund5 £4000 from Achieving for Children for support around eating disorders. £10.497 to be spent on mentorlng aclivity. 32 RICHMOND BOROUGH MIND NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 RECONCILIATION OF NET INCOME I {EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net income I lexp&ndlturfrl for thg roporting period las perthg slatsm&nt Df flnancial activiti851 27.505 90,857 Depreciation Interest, rent and dividends from investments (Increase) I decrease in debtors Increase I Ide¢reasg1 in creditors 4,417 16,1611 34.026 47,026 4,417 (1,2151 1112.8051 Not cash provided by I (usèd inl oporatlng actlvFtios 36,155 15 ANALYSIS OF CASH AND CASH EQUIVALENTS A11 April 2022 At31 March 2023 Cash ftows Other changes Cash al bank and in hènd Total cash and cash equivalents 715,644 715 644 734.566 734,566 18.922 16 OPERATING LEASE COMMITMENTS Total future minimum lease payments under non-cancellable operalinglgases are as follows-. 2023 2022 Less than 1 year 33,600 33,600 33.600 33,600 17 TRUSTEES No Trustee or connected persons received any remuneration. The Charity held Trustee Indemnlly Insurance. The charity subsciibes to the Mind b5ock policy. 18 RELATED PARTY TRANSACTIONS There are no related party transactions to disclose for 202312022.. none). 33