Charity reglstration number 1155918 Company reglstration number 08884776 (England and Wales} WEST SUSSEX MIND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 West Sussex West Sussex WEST SUSSEX MIND LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 Susan Hawker (Chair) Daniel Bird (Joint Treasurer) Matthew Copeland (Joint Treasurer) Dominlc Goodeve (Co-opted 30 March 2023) Nigel Jones Kirk Lord Tanya Marwaha Diane Medwell Martin she￿ed Robert Smythennan Samanlha Taylor-Howell Chlef Executive Offi¢Èr & Secretsry Kerrin Page Charity number 1155918 Company number 08884776 Reglstered offlce The Gateway 10 Durrington Lane Wesl Sussex Worthing BN13 2QG Auditor SumerAudil Piper House 4 Dukes Court Bognor Road Chichesler Wesl Sussex P019 8FX Bankers HSBC Bank Pl¢ 16 Goring Road Worthing Wesl Sussex BN12 4AW WEST SUSSEX MIND West Sussex CONTENTS Chails report Trustees. report 3-14 Independent auditols report 15-17 Statement of financial activitles 18 Balance sheet 19 Statement of cash flows Nol8s lo the financi21 st8temenls 21-37 West Sussex WEST SUSSEX MIND CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Many of the Ihernes that I rellected on in lasl year's report have continued into 2023-24. and the ongoing impact of the coslryof-living ciisis has remained an issue of significant Lxjncem for the Board of Trustees due to the impact it has had on everyone's mental health. As a result, we have continued lo delNer additional outreach support in the areas of need in Adur, and also delivered an enhanced peer support offer in Awn lo ensure we were putting in more targeted support to communities that really need this. We have also W0￿ed closely with Horsham District Council and Citizens Advice in Wesl Sussex lo pilot additional support in the distrtct around mental health and debt to ruml communities. In the face of these ongoing challenges. and because of the positive impact that il had. we have conlinued to invest In additional peer welfare worf(er lime to help people we support ar0￿d financial challenges. Once again we worked very closely with WSCC to adminisler household support vouchers which had a significant positive impact, particularly over the winter months. and we have ￿ntInUed to build other partnerships lo find practical and financial support lo people who really need it. Last year we pul in place support for Ukrainian refugees, and we have sustained this over 2023-24. As we have built our understanding of the very significant menlal health needs anKJngst all refugee communities in West Sussex, we have also sought new ways and partnerships to provide support. l am very pleased th81 Ihis year we have established a new partnership with Sancluary in Chichester lo deliver support to Afghan and Syrian refijgees. delivering both face to face support and training for staff and volunteers. The demand for support services has conttnued to increase and we have continued lo seek new ways to n7eet this and give people the support they need. Over the last 12-months we have seen a real step Change in the role that volunteers play in the organisalion, and l am delighled that al the end of the year we trained 24 peer volunteers through our partnership wilh East Head Impact. They are having a very significant impact supporting people. and we are very grateful to them and East Head Impact for their commitment and passion. Wesl Sussex Mind has continued to take a prominent role in leading the Wesl Sussex mental health voluntary sector within the Sussex Health and Care Partnership Integrated Care SyElem. with our CEO Kerrin Page acting as the strategic partner for mental health for the VCSE. We have atso conttnued to host a role into the Community Mental Health Transformation programme in West Sussex. working in partnership at a System Level across Sussex. As a result, we have continued to strengthen our partnerships with the NHS and other voluntary sector providers, which is ever more crucial. We have also worked much more closely with Mind around the national picture and systems influencing and have been very encouraged by their new 'federation first, strategy which emphasises the important role that local Minds play. We are looking forward to working togetheT even more dosely as a federation in the future, 2023-24 has been a time of ojnsolidalion for ihe Board of Trustees. and l am delighÉed th81 our newer Trustees Samantha. Tanya and Dominic have setlled into their positions and are now making a significant contribution lo the direction and governan￿ of U)e charlty. At the end of the year we also started a recruitment process for new Trustees, and l am pleased to report Ihal we have appointed 3 new Truslees who will be joining us in 2024-25. The Board continues to develop and diversify, l am also pleased that we established the 'Meeling of Minds. this year, an opportunity for the Chairs of our Service User Forum5 to meet with the Senior Leadership Team and Board members in advance of every Board meeting lo feed in the key issues from fonjms and ensure good two-way communication. This relationship with service users is very imporlant lo us and will be developed further, ensuring this way of working is embedded in the culture of our organisafion. I mentioned Sn this report last year Ihal Katie Gtover, who had been Chiel Executive for len years, was leaving us and that Kerrin Page, the then Deputy Chief Executive had been appointed lo succeed her. l am very grateful lo all of the trustees, management team and slaff for welcoming Kerrin to this ¥nportanl key role in our organisalion and for the smooth transition lo a new Chief Executive. As you will see in this report, this year has been extremely busy and not without challenges. Kerrin has led the services with calm professionalism and good humour, embedding change and continuing lo develop services Ihat meet the needs of our communities, pulling people and communilies first in 211 we do. I would like lo Ihank him for the way in wh¢h he has seamlessly moved into the role of Chief Executive and the Board of Trustees look fO￿ard to working with him going forwards. Finally, I want lo say a huge thank you lo all of our dedicated staff. trustees. volunteers, membeis, supporlers and funders for their hard work and continuing support for our organisalion over the last year. Your dedication and commitment to our mission has helped us to achieve so much and reach more people who really need us. Thank youl WEST SUSSEX MIND West Sussex CHAIR'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Susan Hawker Chair and Trustee West Sussex WEST SUSSEX MIND TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their annual report and financial statements for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting ￿licieS set out in note 1 lo the accounts and comply with the charity's Memorandum and Artides of Associalion, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended PrnCti￿ applicable lo charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (as amended for accounting periods commencing from 1 January 2019) Objectives and actlvities Our Objects arÉ lo: Promote the preservation of good menlal health in parkncular around enabling and empowering everyone exp8riencing menial health problems lo live with. manage and re￿Ver from Iheir condition. Relieve the needs of people with mental heallh problems by working lo increase understanding of mental health and mental health problems, by gathering and disseminabng informatlon and working to raise awa¥eness. promote underslarKling and challenge stigma and discrimination. To achieve these Objects: We actively promote our website where anyone can access free mental health self-help, on-line leaming and developmenl courses, videos and blogs. on￿ on our website. individuaL8 can also complete a simple e-referral fomi asking for help. We provide telephone and email advice, information and signwsting to local support for anyon8 who contacts us through our websiie, via email or phone through our Help Point service. We offer individual and group mental health and soctal supporl in person, by phone and through video call and conference to children and young people, families, adulls and older adults who feel they would benefit from this. This support helps people develop the skills and confidence to manage thelr own mental health and well-being. It also helps people connect socialty and to give and receive peer suptx)rt. We offer evenlng and weekend crlsls prevention support in Worlhing lo support individuals struggling lo cope out of hours. We offer ServI￿S across Adur. Arun. Worthing, Chichester and Horsham districts from our buildings in Southwick. Worlhing and Littlehampton and from a wide range of community venues in other areas including GP practices. communily centres etc. We also work proactively and in partnership with many other health, social care and community organisations to deliver our SuP￿rt. We recognise that people who naed us most may not easity find or ￿CesS our support so we reach out to people through outreach and community roles to tackle t￿e healih inequalities. We also WO￿ lo raise awareness and to challenge stigma and thscrimination in our local communities. We do this by providing online and face-to-face training courses for people working In West Sussex around emotional and mental health issues. and by engaging wth members of local communities through campaigning, workshops. activities and events online and using social media and in person. The Trustees Confirm that they have cotnplied wilh Ihe duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit including the guidance "Public Benefit-. running a Charity IP821'. The nature of Ihe charity's objectives outlined al)ove help to ensure that all of our activities are undertaken in the PL5blic benefit. WEST SUSSEX MIND WesE Sussex TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfonnance 1. Providing Mental health support In 2023-24 we have continued lo promote our servlces through a variety of communltrations channels including social media and our website. Our social media posts covered infomalion atK)ul our work, how individuals could reach out lo us through our Help Point and linked tr) rn0￿ in4epth conlenl on our website. We also invested in 8 ¢ommunitsalions assislancelvideographer which allowed us to significantly inctsase the quantity and quality of our video content. Ther@ was an increase of 19.60/0 in visitors lo our website on the previous year. In 2023-24, a total of 54,000 people used our webslte, 52.000 (96.30/0) of whom wera new visitors. Ths compared to 45,139 visitors in the previous year, 44.441 (80Yol of whom were new visitors. A range of self-help resources including booklets. tips and videos continue to be avallable on our webstte. Durlng the year. there were over 60.714 page views in our help and support and infom)ation and adv1￿ section. 8 12.4¥0 increase on the previous year. In 2023-24 our Help Point, which offers a single access poinl for all phone and email communication, conts'nued lo provide coherent and effective front door for all our support. Trained staff and volunteers have given advice, information and signposting lo local servrces and into our 5UPPOrt as ¥￿1[ as responding to all web referrals and enquiries. During the year we have taken 8,616 phone L211s. A lotai of 2.177 people were given advice, Infomation and signp05ting and we received 3,469 web and phone refeffals in the year- receiving on average around 290 referra15 per month. During the year we continued lo offer our Individual and group mental health and soclal support for children and young people. adults, families and older adults provided in person and through phone, email, text, videoucall and conference. Our services have flourished, with a growng diversity of opportunities. In 2023- 2024 a total of 6,323 indlviduals reached out to us for help (including 2.177 getting advKe) which is more people than ever before. For those we went on to support, WÈ delivered 29.473 individual and group mental health support inlervenlions to these individuals. For adults, our Social activities programme has continued lo offer a varred in person and online programme giving people an opportunity to connect socialty. give and re￿5Ve peer suptwt and develop confidence and skills to engage in wider community services and supwrt. A granl from national Mind gave us the resources to employ a peer role to help people improve their physical wellbeing alongside their rnental wellbeing. which has had SDme fantastic achievements. During the year around 133 activities were offered each month, with 457 individuals benefitlng over the whole year. Many of these activities are supported or led by our growing team of volunteers. As demand for support from children and young people has continued to grow in 2023-24. we were pleased to continue to grow our children and young people's offer in GP practices and had the second fvll year of our parent and carer support service. We also received funding to continue lo deliver Ihe s&lf-hami learning network. A total of 367 children and young people received support from our team of GP practi￿-baSed social prescribers, and 192 parents and carers accessed our parent and carer support service. The Self-Harm Learning Network provided training lo 8157 parents, professionals and school staff across Sussex. The National Lottery Community Fund gave us addttional funding to support ovr Sewi￿ for families of children aged nought lo five lo do some additional work to reach out to dads with a new partnership with Dad La Soul starting this year. This service reached a tolal of 170 parents and c3rers. Our Worlhing crisis prevention seNice continued to operate thrOug￿Ul the year, offering evening and weekend support for people who were struggling the most with their menlal health OLrt Df hours. predominantly face lo face. In the laller part of the year we worked wtth Sussex Partnership NHS Foundation Trust lo secure a clinical p￿S￿nCe in the service. as part of a pan-sussex initiative. This has significanlly enhanced the service we can offer people and Confirmed Slaying Well's role as a genuine alternative lo A&E. During the year the service supported 464 people, with 470/0 of referrals coming from the NHS Trust. West Sussex WEST SUSSEX MIND TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 We launched a new service, Supported Self Help in Oclober 2023. an exciting initiative which connects us lo wider gTOUP of local Minds across England offerfng this setvice. The service is a structured 6-week guided programme, supporting areas including anxiety, low mood and depression. managing anger and coping with grief and loss. Sincè [15 launch we have supported 119 individuals. We were also excited to win a contract to work with Sussex Partnership Foundation Trust to embed voluntsry sector workers in their Enhanced Community Rehabilitation Servlce and are looklng lomiard to setting this up and devekJpitvJ this Partne￿hIp in 2024-25. During 2023-24 we continued lo hear Ihat inflation and the nalional cost of liviro crisis had a huge impact on people's mental health and well-being. We fundraised to continue our peer we5fare support, to help address financial challenges faced by service users, 172 service users were supported by this service, and once again worked in partnership with WSCC lo dbslribule Household Support Fund vouchers - this year we managed to distribute over £20,000 worth of vouchers lo 516 households. which made a massive difference lo them. All of this work has been supported and enabled by strong and effeclNTe partnershlps with a wide range of organisalions. In 2023-2024 this induded: Sussex Partnership NHS Foundatton Trust and other Wesl Sussex mental health providers involved in the Pathfinder West Sussex Alliance Guild Care and Age UK West Sussex & Brighton & Hove Carers Support Wesl Sussex NHS primary care networks, GP practices and NHS Sussex Borough and Distrtct counclts and West Sussex County Council Turning Tides Citizens Advice in Wesl Sussex YMCA Down$link Group Mind Sanctuary in Chichester Dad la Soul Macmillan Chichester Information Slvjp. We delivered face-to-face support from our three premises - The Comer House in Southwlck, The Gateway in Worthing and Maltravers Drive in Littlehampton- as well as in a wide ffan￿ of other communSty premises. In addition, through acting as the West Sussex straiegic partner to support the Community Mental Health Transformation (CMHT) in Sussex. and Ihrough the Head of Adult Mental Health Service5 job-sharing a secondment as VCSE Transfomiation Systems Lead for Wesl Sussex with a colleagL¢e from BHT-Sussex, we have been well placed to influence and aclivety support th8 development of mental health services in West Sussex, and more broadly a¢ross Sussex. 2. Ralslng awareness and reaching out Into our communities In 2023-24 our training team continued to offer a wide range of Iraining services and support to help people living and working in West Sussex understand more about mental health and in doing so reduung the stigma around mental health and reaching out for support. The training team also delivers training to staff working wlth people with mental heallh problems to help develop their skills and confidence. A lolal of 6111 people benefited from training events and le2ming-opportunities prov5ded by th8 training teatn. The following projects and initiatives helped us to achieve this.. We developed a range of courses lo support refugees. mental wellbeing, including a programme for Ukrainian refugees funded by West Sussex County Council and training for refugee hosts and volunteers working with refugees. We trained 33 peer volunteer5 Within West Sussex mind.and now have 31 active peer volunteers in our Servi￿S. We were part of a pilot project in Horsham District. funded. F4y Wesl Su&8ex County Council, looking at the link between poverty and mental health and as part ¥rf that programme trained 116 people from partner organisalions in topics including building your kno￿edge of menial health, supporting your own resilience while supporting olheTS. WEST SUSSEX MIND West Sussex TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 We offered free suicide awareness and preventiOTY training thrC￿gh gniing free li￿nceS for the vingworks START course throughout the year. We continued and developed our autism programme for professionals run in.partnership wittJAspens.. and Impact Inillatrves fvnded by Health Education England We provided adult and youth mental health first aid trainlng to staff in the County Council and partner agencies, funded by West Sussex County Council and Friends of Midhurst Community Hospital The training team facilitated a range of bespoke training for businesses and organisatsons wtlhin West Sussex, including mental health first aid and programmes designed lo pro￿￿te menlal health in the workplace. and supporting staff with poor mental health. In 2023-24 we continued and extended our work to reach out to communities who wete not accessing our services, During 202&24 we: Extended our work wtth refvgees. continuing to support Ukrainian refugees but through a partnership with Sanctuary in Chichesler extending this to S￿ian an($ Afghan refugees and other asylum seekers Continued our work to reach the Polish communrty and have started working with Macmlllan to extend our support lo the Polish community focusing on both mental health and cancer support. Both the refugee and Polish projects supported people to connect lo and navigate local mental health services and have conversations to reduce stigma around getting support in these communities Attended Worthing Pride and through conversation5 at this and other events set up a new LGBTQIA+ peer group offer, which is already proving very successful. Completed our project that focused on five swdrds in Adur distst that had higher levèls of poverty, which had gre21 results, improving our reach into those cOmn￿nitIeS and we have now embedded this approach into our day-to-day work. 3. Involving people with Ilved experience of mental health problems In our Services During the year we continued to involve people using our services and people with mental health problems in our work. We carried on holding service user forums and feedback surveys thrwgh the year, and have established the Meeting of Minds, an opportunily for fowm rhairs to meet with the leadership Team and Twslees every 2 months lo discuss key issues from local forums. Involvement through volunteering also continued lo be strong. We are grateful to East Head Impact for their ongoing support of our peer volunteer training programme and increased the number of peer volunteers, with 31 now activety supporting our service users. This was the second year of our Equality DiV￿51ty and Indusion c0yroduc￿n panel. This panel, chaired by an individual with Iwed experience of having mental health problems. brings logether a wide group of volunteer panel members, all with lived experience of having mental health problems and who are passionate around diversity and inclusion work, to lead, feed into and support our work in thts area. The panel supported us this year lo coproduce a series of podcasts sharing a range of different mental health experiences, coproduced the policy slalement for the review of our Equality. Divetsily and Inclusion policy and have been working on shaping a piece of research into the barriers faced by raaalised communities. Our communication C￿produCtiOn panel is also now well established. with the public and people who use our seNi¢es. They have delivered some specific pieces of work over the last 124nonths including around our use of social media, newslellers, and have produced some new leaflets and poslers which have been professionally printed and are helping us communicate more effectively about our offer. We continued to have strong lived experience representation on our Board of Trustees. which they talk about openly in the website profiles. West Sussex WEST SUSSEX MIND TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 4. Staff, Volunteers and organisation Given the appointment of an internal candidate to be our CEO, the Board identified a priortty for the first part of the year was lo review our leadership structure lo ensure we had Ihe right arrangements in place to tak8 US fonNard. Supported by an exlemal ￿nsUltant, a collaborative remew was conducted which proposed a new leadershlp slructure. This was implemented over Ihe second haK of the year with a new post. our Head of Community Mental Health & DevelopmenL being created and recruited lo. In addition a number of existing roles were reviewed and regraded, increasing Ihe strategic capacity of the org￿lsatiOn. The creation in particular of a Head of Children. Young People and Family Services position reflects (w growing work in this area, alongside thè consolidation of oversight of all of our operational services under the new Deputy CEO. Our new structure has allowed strategic and statutory responsibilities to be shared across a wlder team, resulting in clear leads for these key areas of Wofk. which will support the organisation to be more resilienl and focused. The rewew highlighted the need for increased HR capacily and leadership. lo meet Ihe needs of a larger and more complex organisation, in recognition of the fact that our people are our most important asset. This guided a structural change with increased capacity wilhin the HR team, which now also includes a Health and Safety Lead to ensur8 we are well led In the area. We are already seeing the benefits ol these new arrangements. Another key development this year was our training offer to our staff. Taken on by our training team there is now a core programme that runs over the course of the year, with regular newslelters on new training offers. 8 clear booking system and a way to share learning resources. Our EDI work continued this year and some key highlights were: . Trainlng linked to race and challenging conversations Continuing our LGBTQIA+ training Increasing our knowledge on neurodiversity for line managers including managing neurodiverse staff, improving our interview processes, raising awareness of toois and adjustments to support neL5rodiverse employees Extending our EDI working group membership so all areas of the organisation are included Bringing our values into the recruitment process The well-being of our staff is always high on our agenda. After the sua￿sS of last year5 in person events we continued this into 202>24. We held a more social organisalion activity day, which was designed by a group of staff across the organisalion, alongside a staff and volunteer online conference to bring people together and celebrale our sueLesses. We also gave each service a separate budgel to develop their own team day and a team social event. This enabled a range of aclivities throughout the year Ihat brought people together. As part of staff wellbeing iniliatNes we continue to recognise the impact of the cost of living crisis on our staff and we continue to keep talking and taking adion on this. This year we have taken the following action.. Created a guide on how we can support our employees, such as Ilexibilty in how people can claim expenses. Improved our EAP provision so alongside access to counselling and suppwt there Ss a range of support and information available via an online platform . Linked irs with loc31 gym5 to agree a discounted membershlp Paid for employees lo get a Blue Light Card which gives a range of discounts whether shopping in person or online Reviewed our salaries keeping our lowesl paid WOTkers in line wth the real living wage and salary increases being reviewed and increased in both April and October. WEST SUSSEX MIND West Sussex TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPOR FOR THE YEAR ENDED 31 MARCH 2024 Over the year we developed 4 new types of role, 37people left the organisation. 59 people were new to the organisation and a number of people made intemal moves, either moving inlo different teams or being promoted to higher grade roles. Al the end of the year. we had 141 employees and sessional workers. '"In December we undertook a staff suNey"to gain feedbacTr from our staff team on a number ofaréas,. and we haa somo great feedback. This included 100°/o of our staff team feeling aligned to demonstrating our values which was great to see as this has been a key piece of work for us over the last Iwo years. Alongside the positives, we have taken any area scoring less than 800k and have tumed this into an adion plan for 2024-25. Volunteers make a significant contribubon to the wort( of West Sussex Mi'nd and we have grown the number of roles in our organisalion significantly in the last few years. We currently have 75 volunteers (not including trustees), engaged in all areas of our organisalion including fundraising. running aGtivilies, providing peer support and much morel We now have 31 peer volunteers who use their lived expellen￿ as part of their volunteering role. 5. Communlcatlons Our communications work continued to promote our mental health Supp￿ and seNice developments as well as raise our profile through broader communlcalions pieces. During 2023-2024 it remained a hlgh priority to ensure people knew we were here and could help, and to get public and community support for our work and mission. We used our website, social media, printed leaflets. Google Ads and email newsletters to share stories, news updates, advice and infomiation. Some of the developments we publicrsed included Ihe new supported self-help programme we're offering with national Mind. our Enhanced Communty Rehabilitation Service with Sussex Partnership NHS Foundation Trust. a new partnership wlh Macmillan Can￿r Support to improve both mental health and cancer care within Polish communities, and a partnership with Sanctuary in Chichester to support the mental health of reftjgees and asylum seekers. We received grant funding from national Mind to cary out a digital projecl with the support of a digital marketing agency. This enabled us to improve search engine optimisation (SEO) on our website to boost visibility and obtain more web traffic, and to obtain a Google Ads grant so we could have free search adverknsing. As part of the digital work, we also focused on increasing our following and engagement on Linked In. A mental health lived experience communications panel was set up ir$ 2023 to Co•prodU￿ and inform our communications work. The panel carried oui some discrete projects over the year induding on refining our social media messaging and on our newsletter to service users. We were pleased to recruit to a new post of communications assistanumdeographer which enabled us to produce some high-quality video content and widen our reach. Other C¢Nnmunications highlights for 2023 10 2024 included.. A question and answer-style article on Linked In with on our new CEO. Kerrin Page Celebrating and thanking our fundraisers and supporters through a mixture of stories and posts about their events and aclivities Sharing the news of our new cost-of-fiving peer support worf(w role A blog on one person's journey to find peace wth their sexuahty and Feligion A variety of posts and messages around our Wear it Blue fundraising campaign in Mental Health Awareness Week A video showing our first ever fundraising abseil at Pe8￿haVe￿ diffs Promoting our Mental Elf sk Fun Run and Walk with a video 8t￿ interview with Olympic Medallisl Sally Gunnell OBE. The communications team also continued to lead the communications work for the Pathfinder Alliance through the year. WEST SUSSEX MIND West Sussex TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPOR FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal review 1. FinanGial perforniance forthe year In 2023-24, West Sussex Mind spent £3,300,705 (2022123 £2,763,123) whiGh was a 20% increase on 202212023. During the year our principal funders have been as follows.. NHS Sussex Integrated Care Board West Sussex County Council & other Local District and Parish Councils GP practices and Primary care networks National Lottery Communtty Fund Age UK Wesl Sussex & Brighton & Hove Mind East Head Impact Friends of Midhurst Community Hospital These sourtss of funding are generaify linked to a contract or funding agreement to provide a specific seNice - for exarnple, NHS contracts are for our main adult mental health services, our Staying Well crisis prevention service and our young people's mental health serv[￿S. In 2023-2024, as an organisatlon, we were still c￿SciOuS of the ongotng rising cost pressures. We regularfy reviewed our commitments and expenditure to monttor the impact of this changing situation on our finances. The biggest impact we saw has been on our staff and volunteers. Vvhilst we have a￿ayS paid good pay rates within our sector. many of our staff are on comparatively low salaries and rising fuel, food and housing costs have had a big impact on them. Because of this, for the second year running, we gave a ￿0nd pay increase to all our staff in October 2023 and we plan to monitor the sibjation going forward. It has been vital for us lo support our staff by doing this but it is very challenging in the context that we had minimal or no increases in our NHS income in 2023-24 and expect the same tn 2024-25. We are also within a two year programme to upgrade or replace the majority of our IT equipment so it will be compatible wth the Microsoft Windows 11 upgrade. This has meant we have had increased capital expenditure, from our reserves. to prepare for this. 2. Fundraislng and donations The 2023-2024 year was a parbcularly challenging one for fundraising. Vlilh grant funding bewming increasingly competitive and income prèssures affecting our supporters and fundraisers. So we were pleased to raise over £256,000 towards continuing priority services. plus £916,068 for new business development projects and services. Some of the community fundraising high1￿htS of year induded: An exciting abseil challenge - our first joint charity fundraising event Our second Mental Elf sk Fun Run and Walk along Worthing seafront Generous support from local company Carpenter Box Jacobs Steel estate agents holding a charity ball in aid of Guild Care and West Sussex Mind Westboume House School in Chichester supportirKJ us over two years. We received granutrust fvnding from many organisations this year includuig= Friends of Midhurst Community HosIital Trust - £80.871 over years to lund peer support work and mental health first aid training National Mind - £242,000 to fund the launch and running of the Supported Self Help Service for 2 years. Adur and Worthing Borough Council £30,000 to refr1￿lsh and upgrade our toilet facilities at our Gateway premises in DurriTrJton and £10.000 to support the council's workplace wellbeing programme National Mind - £20,000 to fund a cost-of-living mental health peer support worker National Lottery Community Fund - £27.000 uplift including lo fund support for male parents Macmillan Cancer Support - £14,997 a grant to fund a can￿r care and mental health awareness- raising project within Polish communities. West Sussex County Council - £61.000 to continue our Self Ham) Leaming Network WEST SUSSEX MIND West Sussex TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees are gratelul to all the organisalions who have so generously supported us financially in 2023-2024, as set out in notes 3 and 4 to the accounts. 3. Rgservgs policy Wesl Sussex Mind held free reserves of £1,539.324 at 31 March 2024. The table below details how Ihls figure is c2lculaled. Ba18nce 31 March 2024 2023 Total charity fijnds Less.. restricted funds Less.. net book value tangible fixed assets (now includes Lease ImprovemÈnts) (see note 20) Less: other designated funds (see note 20) Less.. revaluation reserve £3,621,031 £117,288 £3,684,074 £107,759 £1,122.035 £297,529 £544,855 £3,127,627 £400,523 £544.855 Free reserves £1,539,324 £1,503,310 Restricted funds represent amounts which have been received for speciffic purposes and which have not yet been spent. Designaled funds represent amounts which the trustees have set aside to ensure: That any projects with unconfirmed contractslgranls at risk continue to run. providing continuity of care for our service users. whilst options a￿ explored That we have contingency lo cover major repaiTS of our bulldings Th81 we can be responsive to emerging needs and respond by growing or developing new serVi￿S lo meet our charitable objectives or ￿ top up funding gaps in setvices. Within designated funds is 2 tangible fixed assets fund which shows Ihe value of our buildings and equipment which we use lo run our services. There is also a revaluation reseNe whid) reflects the change in valuation of our buildings since they were originally acquired. These are not cash reserves because the amounts reftect the value of our buildings and equipment. For clarity, these are both shown separatsty in the table above. The ongL)Ing cost increases have had a crilicAI impact on the financial resilience ot West Sussex Mind, particularly for services where commissioners and ￿nderS have not prowded adequate inflationary uplifts to contract values for several years. Our main NHS contract is also being recommissioned within the next 12 months (the budget for these seNices is in the region of £1,600,000 for 202415). Coupled with increasing demand for our services, these factors have resutted in the Trustees CL¥Bidering it prudent to maintain free reserves al around 6 months, operating costs lo ensure we can remain financialty resilient and manage the associated risks appropriately. We start the year with annual budgeled expenditure of around £3,845,119 and a forecast deficit of around £271.000 lor the year lo 31st March 2025. 10- West Sussex WEST SUSSEX MIND TRUSTEES, REPORT {CONTINUED}(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 4. Managing Rlsks to our business During 2023-2024 we adhered to our Fisk management policy which follows the risk management mc)del recommended by the Charity Commission in its publication Charities and Risk Management ICC26- 2010). During 2023-2024 we reviewed and continue lo regularly review our risk management policy. The CEO, Deputy CEO, Finance and Resources Manager. Head of People and Governance Manager, and Head of Performance and Impact mainlain and update the risk register and are responsible for ensuring that Iruslees arè aware ol risks. and that any agreed actions to mlligate risks are undertaken. These officers are also responsible lor ensurlng Ihat Business Continuity Plans are maintained and updated. Each Finance and Resources Sub-committee reviews the full risk regisler in detail and a summary of the major sks, with mitigating actions being taken. is presented at each fijll Board nEets'ng. Other sub-committees keep oversight of any risks relevant to their areas of responsibility. and contribute to ihe assessment and miligalion of any risks. For the year 2023-24 some of the highest rtsks lo the organisation h2ve related to the tost-of4iving crisis that has continued lo affect the country, linked to higher-than-normal inflationary pressures. Inevitably this has put pressure on our finances, bul most signifThnlly has affected our staff, the people using our services and the general public given the strong links be￿een financial challenges and m￿tal health. As has been highlighted above, specific action has been taken lo support people who are experiencing financial pressures in response to this. Trustees have also been concerned inflationary pre55ures have been significantly higher than any contractual increases from our primary commissioners. which has been Ihe case for many years, but has been ex8cerbaled by unprecedented cost pressures in the last 12-months. The organisation has navigated this through careful budgeting and making efficiencies where possible. Although we are mindful of the importance of our commissioners balancing their budgets and making the besl use of public funds we feel that this is not a sustainable situation and does not priorilise the important preventative w￿k that the VCSE undertake, taking pressure off more expensive parts of the system. We have therefore been w0￿1ng alongside our voluntary sector partners ID lobby for fair Increases and lo highfight the importance of preventative mental health support work. 11 WEST SUSSEX MIND West Sussex TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Planning for the future 2024-2025 In July 2023 we reviewed and redeveloped our 2020-2025 five-year plan in the liJht of changing and emerging needs. We have also commenced the process lo undertake a full slralegic review of this plan led by a Steering Grotsp of our Trustees. which will bè deliver a new 5-year plan oullining OUT ambli tons for 2025-30. Wè havè committed to co-producing this plan wtth our employees. the people we support and our key gtakeholders. This will be delivered by the end of the calendar year 2024, to inform our Busines5 Plan for 202&26. Our current plan lakes into account national and local contexts. needs and issues. the views of our service users, staff and stakeholders, reflects on what we have achieved in the previous period and outlines what we need lo achieve going fornard. Key goals are for us to: Make sure people know help is out there. 2. Offer and develop high quality and flexible mental health support provlded through a range of channels. Raise awareness and run anti*tigma campalgns In local communities in West Sussex. 4. Expand our early interventlon and prevention work. targeting groups and audlencè5 who need this most. Bulld a strong West Sussex Mind team, organisation and brand. In order 10 achieve both our objects and our slralegic aims we work in partnership with local aulhorities and NHS seNices and other mental health and community seNice providers in Wesl Sussex and across Sussex within the Inlegraled Care System where this is required. Through partnership working with Ihese organisalions, we are able lo contribute to better support and understanding around mental health across our area of benellt generally as well as reaching more people ourselves. In 2024-25 we will conlinue lo lake a prominenl role in leading the Wesl Sussex mental heallh voluntsry sector within the Sussex Health and Care Partnership Integrated Care System. We will be representing Ihe mental health voluntsry sector within the Sussex mental health programme at a strategic level, and supporting the ambitions o( the Community Mentsl Health Transfomiation Programme to deliver Neighbourhood Mental Health Teams delivering place based coordinated support. We are aware that the NHS is facing huge budgetary pressures and are likety to approach the voluntsry sector for efficiency savings. We will continue to lobby and influence our commissi￿erS on the value and effectiveness of our provision, whilst also seeking to diversify our income, including through investing in our fundraising capacity. In 2024-25 we aim to focus on-. Increase levels of coproduction and feedback across everything we do Training and involving even MO￿ volunteers in all aspects of our work. building on the significant progress we have made Secure sustainable funding for our core adult and children and young people's services Reaching out to our communities and break down barriers to a￿SSing support Taking Steps lo continue to enable a culture of open communi(atron, collaboration and ongoing development for all of our employees and volunteers Review our accounting and budgeting systems and prepare to implemenl an updatedlnew system from April 2025 Diversifying our funding base through growing other sources of income Co-producing a new 5-year strategy to guide us from 2025-2030 Structure, governance and management The charity is a company limited by guarantee. where all guarantors agree to conlribule £1 in Ihe event of a nding up. Tre trustees, who are also the directors for the purpose of company Lgw, and served during the year were.. Susan Hawker (Chair) 12- West Sussex WEST SUSSEX MIND TRUSTEES, REPORT {CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Daniel Bird (Joinl Treasurer) Fatima Boesdorfer Matthew Copeland (Joint Treasurer) Domlnic Goodeve {Co•opled 30 March 2023) Nigel Jones Klrk Lord Tanya Marwaha Diane Medwell Martin Sherred Robert Smytherman Samantha Taylor-Howell (Resigned 12 June 2024) Kerrtn Page who had been Deputy CEO ofwesl Sussex Mind for a number ofyears was appointed as CEO started on 1st April 2023 and the Board have overseen this transit￿n from Ihe previous CEO over the first six months ol the year. The rest of Ihe Board has remained stabc during this time but a recruitment plan was pul in place towards the end of the year lo fill our current vacancies. Where there are vacancies on the 8oard. Trustees are recruited through an external wruilment process. Once recruited, trustees will be co-opted onlo Ihe Board and then will stsnd for election al the next Annual General Mgeling. In addition. a5 Outlined in the Memorandum and Articles of Assoaation. a proportion of trustees are required to retire and then stand fr)r re￿eleCtIOn (if they wish to} at each Ar￿Ual General Meeting. There are no appointed trustees to the Board. During 2023-2024 the Board mel formalty on stx occasions, the AGM was held in October 2023 and a Board development workshop was held in Seplember 2023. During 2023-24 we have had a mixture of in person, on- line and hybrid (in person but with opporiunity to also I￿n online) Board n*etings. The Board's scheme of delegation outlines clearty Board responsibilities and also how the three Board sub- committees (Finance and Resources. Governance and Operations) aim to provide m¢xe in4epth review and scrutiny and then report lo the Board on their work. These three sub-committees have met throughout the year in advance of and then reported into each Board meeting. Each sub-committee has an annual workplan and 2 clear framework for their delegated responsibilities. All Iruslees have access to Wesl Sussex Mind's inlemet-based filing system (Sharepoint). This means that Iruslees can much more easily access a whole range of relevant informalK)n and documents enabling easier scrutiny of West Sussex Mind's work by trustees. A number of Irustees have undertaken training and development by attending external trustee workshops. As part of their induction all Trustees have been given a copy of the Charity Commission's The Essenlial Trustee: What You Need to Know and Good Governance.. A Code for the Voluntary and Community Sector. Trustees visit projects and actively support events and activities of the chaTily. On appointment Trustees are briefed on the activities of the charity. ils management and administration by the Chair and the Chiet Executive Officer. They are also updated by regular briefings by staff al Board meetings and 21 Trustee away days. 13- WEST SUSSEX MIND West Sussex TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Statement of trustees. responsibilities The trustees, who are also the directors of West Sussex Mind for the pUr￿￿e of company law. are ￿sponsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)."- Company Law requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitsble company for that year. In preparing these financial statements. the Irustees are required to: select suitable 8ccounling policies and then apply them consislenlly- - observe the methods and principles in the Charities SORP: make judgements an6 estimates that are reasonable and pnJdent- slate whether applicable UK Accounting Standards have been followed, subject to any material departures disdosed and explained in the financial statemenls; and prepare the financial statements on the going concem basls unless it is inappropriate to presume that the charity will conlinue in operation. The trustees are responsible for keeplng adequate accountlng records that disclose with reasonable accuracy at any lime the financial Position of the charity and enable them to ensure that Ehe financi81 slalements comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the eharity 2nd hence for taking reasonable steps for the prevention and detection of fraud and other irregularittes. Auditors In accordance with the companls articles. a resolution proposing the appoinlment of an auditor of the company will be put al a General Meeting. Disclosure of information to auditors Each of the trustees has confimied that there is no information of which they are aware which is relevant to the audit, but of which the audilor is un2w3re. They have further confimied th21 Ihey have taken appropriate slaps lo identify such relevant information and lo establish that the auditor is aware ofsLth information. The trustees, report w3s approved by the Board of Trustees. Susan Hawker (Chair) Trustee D8led. >s17) 909J 14- West Sussex WEST SUSSEX MIND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WEST SUSSEX MIND Opinion We have audited the financial statements of West Sussex Mind (the 'charitl} for the year ended 31 March 2024 which comprise the statement of financial activities. the balance sheet. the stalernenl of cash flows and the notes to the financial statemen15. including a summary of significant accounting ￿11¢1&&. The financial reporling framework that has been applied in their preparation ts applicable law and United Kingdom Accounting Stsndards. including Financial Reporling Standard 102 The Financial Reporting Standanl applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financlal statements- give a true and fair view of the stale of the charitable companls affairs as at 31 March 2024 and of ils incoming resources and applicatron of resources. including its income and expenditure. for the year then ended., have been propeily prepared in acccKdance with United Kingdom Gefterally Accepted Accounbng Practice., and have been prepared in accordan￿ wilh the requirements of the C￿panIeS Act 2006. Basis for opinion We conducted our audit in accordance wilh Intemational Standards on Audiling (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in Audilorfs responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with thesp requirements. We believe that the audit evi¢Jence we have obtained is sufficient and appropriate to provkde a basis for our opinion. Conclusions relating to going concern In auditing the financial slalemenls, we have conduded that Ihe truslees, use of ihe going LX)ncern basls of 8ccounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any rnaterial uncertainties ￿lating lo events or conditions that, indiwdualty or collectively, may cast significant doubt on Ihe charity'5 ability lo continue as a going concern for a period of al least iwelve months from when the financial stalements are authorised for issue. Our responsibilities and the responsibilities of the trustees wth respect to going Tr)n￿M are described in the relevant sections of this report. Other Informatlon The other infomalion comprises the information included in the annual report other than the financial statements and our auditorfs report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial staterr￿ntS does not cover the other information and, except to ihe exlenl othetwise explicitly staled in our report. we do not express any form of assurance conclusion thereon. Our responsibilily 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 audil. or otherwise appear8 to be materially mis51aled. If we idenlify such material inconsistencies or apparent material missiatsments, we 8re required lo determine whether this gives rise to a malerial misstslemenl in the financial statements themselves. If, based on the work we have performed, we (x)ndude that there is a matwial misstatement of this other information, we are required to report that fact. We have nothing to report In this regard. Opinions on other matters prescrlbed by the Companies A¢t 2006 In our opinion. based on the work undertaken in the course of our audil: the infom)ation given in the trustees. report for the financial year f(K which the financial statements are prepared, which includes the direciors, report prepared for the purposes of ￿rnpanY law, is consistent with the rinancial statements., and the directo￿, report included within the trustees. report has been prepared in accordance with applicable legal requirements. 15- WEST SUSSEX MIND West Sussex INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WEST SUSSEX MIND Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment oblained in the course of the audit, we have not identified malerial misslalements in the directors. report included within the Iruslees, report. We have nothlng to report in respecl ol Ihe following matters in ￿lalKIn to which the Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kepl or relums adequ8te for our audit have not been received from branches not visited by us-, or the financial statements are not in agreement the accounting re(JNds and relums,. or cerlaln disclosures of Iruslees, remuneration specified bylaw are not made- or we have Dot re￿iVed all the information and explanations we require for OLFr audit. or the trustees were nol enlilled to prepare Ihe financial slalements in ac￿rdanCe the small companies regime and lake advanlage of Ihe small companies, exemptions in preparing Ihe trustees, repoll and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of Irustees, responsibilities, the truste&8, who are also the directors of the charity for the purpose of company law, a￿ responsible for the preparation of thè finanual statements and for being satisfied that they give a true and fair view, and for such Intemal control as Ihe trugtees determine is necessary lo enable the preparation of financial statements thal are free from material misstatement, whether due lo fraud or error. In preparing the financial statemenls. Ihe trustees are responslble for assessing the charity's ability lo continue es a going concern, disclosing. as applicable. matters related lo going concem and using the going concern basis of accounting unless the trustees either intend to liquidate thB charitable company or lo cease operations. or have no realistic allemative but lo do so. Auditor's responsibilities for the audit of the financlal statements Our objectives are to obtain reasonable assurance about whelher the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and to issue an a￿lit0￿S report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an aLtdil conducted in accordance with ISAS (UK) will aNvays delect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. Individual￿ or in the aggregate. they ClNJld Teasonably be expected to influence the economlc decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instan￿S of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to delect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularib'es. including fraud, is detailed below. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non- compliance with laws and regulations, our procedures induded the following.. Obtaining an underslandlng of the legal and regulatory frdmework that the charity operates in, focusing on those laws and regulalions that had a direct effect on the financial slatemenls and operations- Obtaining an understanding of the charity's policies and procedures on fraud risks, including knowledge of any actual, suspected or alleged fraud- and Discussing among the engagement team how and where fraud mwJht occur in Ihe financial slalements and any potential indicators of fraud through our knowtedge and understanding of the company and our sector- specific experience. As 8 result of these procedures, we considered the opportunities and incenlwes that may exist within the charity for fraud. We are also required lo perfoim specific proceduies lo respond to Ihe risk of management override. As a result of performing Ihe above, we identified the following areas as those most likely lo have an impact on the financial statements: health & safety. employment law. compliance with the UK Companies Act and Charities Act. 16- WEST SUSSEX MIND West Sussex INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WEST SUSSEX MIND In addition to the above, our Pro￿dureS to respond to risks identtfied included the following: Making enquiries of management about any known or suspecled instances of non-compliance with laws and regulations and fraud,. Reviewing minutes ot meebngs of the board and senior rnanagemen¢ Reading correspondence with regulators.. Challenging assumptions and judgemènts made by management in Iheir significant accountlng esttmales: and Auditing the risk of managerrEnt override of ￿ntrol$. induding through testing journal entries and other adjustments for appropriateness. Due to the Inherent limitations of an audit. there is an unavoidable risk that some material misstatements in the financial statements may not be delecled. even though the audit is properly planned and perfomied in accordance with the ISAS (UK). For instance, the further removed non-compliance is Irom the events and transactions reflected in the financial stalemenls, the less likely the audtlor is to become aware of it or to iecognise the non-compliance. A further description of our responsibli ittes is available on the Financral Reporting Council's website al.. https.'Il www.frc.org.uklaudilorsresponsibilities. This description foms part of ouraudiiorfs report. Use of our report This report is made solely to the charitable companvs members, as a I￿)dy. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audlt work has been undertaken so thal we might stale to the chaiitable company's member5 those matters we are requiTed to slate lo them in an audilorfs report and for no other purpose. To the fullest extent permitted by law, we do not accepl or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audil work, for this report. or for the opinions we have formed. Krlstlna Perry FCCA (Senior Ststutory Audltor) for and on behalf of SumerAudit Chartered Ac¢ountsnts statutory Auditor Chlchester SumerAudlt 15 the trading name of Sumer Auditco Limited 17- West Sussex WEST SUSSEX MIND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted fund5 2023 Total 2024 2023 2023 Notes Income and endowments from.. Donations and lega¢ies Charllable aotivilies Investments Other income 182.358 2,559,828 71.321 3,454 48.654 231.012 372.047 2,931.875 71,321 3.454 167,798 2.473.158 25,415 3,306 167,798 284,633 2,757,791 25,415 3,306 Total income 2.816,961 420,701 3,237.662 2,669,677 284,633 2,954,310 Expenditure on: Raising funds Charitable activities 123.612 2.765.921 123.612 411,172 3,177.093 57.677 2.455,364 57.677 250,082 2,705,446 Total expenditure 2.889,533 411.172 3.300,705 2.513,041 250,082 2.763,123 Net incomellexpenditure) {72.572) 9,529 (63.043) 156,636 34,551 191,187 Transfers between funds 33,443 133.443) Other recognised gains and losses: Revaluation of tangible rixed assets 498.077 498,077 Net movement in funds (72,572) 9.529 (63,043) 688,156 1,108 689,264 Recon¢llTation of funds: Fund balances at 1 April 2023 3,576,315 107,759 3,684,074 2.688,159 106,651 2.994,810 Fund balances at 31 March 2024 3,503.743 117.288 3.621,031 3.576.315 107,759 3,684,074 The statement of financial activities includes all gains and losses recognised in Ihe year. All income and expenditure derive from continuing 8clivilies. 18- WEST SUSSEX MIND West Sussex BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed a55&ts Tangible assets 14 1.666,890 1.672.482 Current assets Debtors Investments Cash al bank and in hand 15 16 281.959 1.546.323 319,286 319.234 1,341,309 540,739 2,147,568 2,201,282 Creditors.. amounts falling due within one year 17 193.427 189.690 Nel current assets 1.954,141 2,011,592 Totsl assets less current liabilities 3,621,031 3,684,074 The funds of the charlty Reslricled income funds Designated and unrestricted funds 19 20 117,288 3.503.743 107,759 3,576.315 3.621,031 3,684,074 £11150￿4- The financial $18lements We￿ approved by the trustees on .... Susan Hawker (Chairl Trustee Company registration number 08884T16 {England and Wales) 19- West Sussex WEST SUSSEX MIND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activlties Cash absorbed by operations (39.340) 185,604) Investing actlvities Purchase of tangible fixed assets Proceeds from disposal of investments Investment income received 148.420) 1205.014) 71,321 (26,937) {4,208} 25.415 Net cash used In Investing activities (182.113) 15,730) Net cash used in flnancing activities Nel decrease in cash and cash equivalents (221.4531 (91,334) Cash and cash equivalents at beginning of year 540.739 632,073 Cash and cash equivalents at end otyear 319.286 540,739 -20- WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢counting policies Charity Infomiation West Sussex Mind is a private company limited by guarantee inoorpordled in England and Wales. The registered office is The Gateway. 8-10 Durrington Lane, Wesl Sussex, Worthing, BN13 2QG. 1.1 Accounttng Convention The accounts have been prepared in accordance with the charitys governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement ￿ 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). (as amended for 8ccountbng periods comrnen¢ing from 1 January 2019}. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in slerling. which is the functional currency of the charity. Monetary amounts In these financial stslements are rounded to the nearest £1. Th6 financial slalements have been prepared under the historiol cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounbng poliaes adopted are set out below. 1.2 Going concern Al Ihe time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the company's principal risks and uncertainties, the annual budget, forecast future cash flows aJKI the impact of subsequent events in making thelr assessment. Based on these assessments and having regard lo the resources available to Ihe entity, the directors have Goncluded that there is no m2lerial uncertainly and that they can cJJntinue to adopt the going concern basis in preparing the annual report and financial stalemenls. 1.3 Charitable funds Unrestrided funds are available for use at the discretion of the Injslees in furtherance of their charitable objectives. Designated funds comprise fvnds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated fttnds are set out in the notES to the financial slalemenls. Restricted funds are subjecl lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restrtcled funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to rt after any performance conditions have been mel, the amounls can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under GiftAtd or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othe￿Ise if the charity has been notified of an impending distrlbulion, the amount is known, and receipt is expected. If the amount 15 not known, the legacy is treated as a contingent asset. Grant income from charitable activities is 8cthunted for when performance related conditions h8ve been met and is deferred where il relates to a fulure period. 21 West Sussex WEST SUSSEX MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or consltuclive ob16gation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits WTII be required in seluemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The cosls of each a¢tNity are mde up of the total of direct costs and shared costs, including support costs involved in undertaking each 8cINity. Direct costs 8llribulable to a single activity are allocated directly to Ihal aclTrvity. Shared costs which contribute lo more than one aclNIty and support costs which are not attributable to a single activity are apporttoned beiween those activities on a b8SIS consislent with the use of resources. Central staff costs are allocaled on the basis of lime spent. an(J depreciation charges are allocaled on the portion of the asset's use. All expenditure is dealt with on an accruals ba￿s. and allocated lo the appropriated heading in the financial statements. Governance costs are those costs inujrred with constitutional and sl8ttrt0ry requirements. Expenditure is either allocated or is apportioned lo individual areas based on staff costs or headcounl or by the relevant staff or aGlivity- Funds are transferred from unrestricted tunds to fund deficits on restricted areas where no fvrther funding will be forthcoming. 1.6 Tangible fixed assèts Tangible fixed assets are initially measured at cost and subsequenlty measuied at cost or valuafjon. net of depreciation and any impairmenl losses. Dep￿CIatiOn is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Le8sehold improvements Oflice equipment 75 years straight line 12 year straight line 20Yo Straight line & 33.30/0 Straight line {ITI The gain or loss arising on the disposal of an asset is determined as the dIffe￿nCe between the sale proceeds and Ihe carrying value of the asset. and is recognised in the statement of financial activities. Assels below £3.000 are not capilalised. 1.7 Impairment of fixed assets Al each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. Sf any such indication exists, Ihe recoverable amount of the asset is estimated in order to determine the extent of the impairment loss Irf any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al eall with banks, other short-temi liquid investments with original maturities of three months or less. ar)d bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. -22- WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.9 Financial instruments The charity has elected lo appty Ihe provisK)ns of Section 11 'Basic Financial Inslruments. and Section 12 'Other Flnancial Instruments Issues. of FRS 102 to all of ils financial inslntments. Financial inslrumenls are recognised in the charity's balance sheel when the tharity becomes party lo the contractual provisions of the inslrument. Financial assets and liabilities are offset, with Ihe net amounts piesenled in the financial statements, when there is a legally enforceable right lo set off the recognised arrtrounts and the￿ 15 an intention lo settle on a nel basis or lo realise the asset and sellle Ihe liability simultsneously. Basic flnanclal assets Basic financial assets. which indude debtors and cash and bank balances, are initially measured at transaction price including transacllon costs and are subsequently ¢wried al amortised cost using the effective Interest method unless the arrangement constitutes a financing tsansaction. where the transaction is measured al the present value of the future re￿ip1S discounted al a market rate of interest. Financial assets ¢lassified as receivable within one year are not amortised. Baslc finan¢iTal li?bilities Basic financial liabilities, including credÉtors and bank loans are Initklly recc¥Jnised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of Ihe fvlvre payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequenty ￿Tried at amortised cosl. using Ihe effective interest rate method. Trade creditors are obligations lo pay for goods or services Ihal have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as uJr(ent liabilities if payment is due within one year or less. If not, they are presented as nOn-Cu￿enI liabilities. Trade creditors are recognised inib'ally at transaction price and subsequently measured at amortised cost using the effective interest meth(xl. Derecognition of financial liabilitles Financial liabilities are derecognised when the charity's e4)ntractual obligations expire or are discharged or cancelled. 1.10 Employe& benefits The cost of any unused holiday entiuemenl is recognised in the p￿10d in which the employee's services are received. Termination benefits are recognised immediately as an expense when Ihe charity is demonstrably commitled to terminate the employment of an employee or to provide temination benefits. 1.11 Retirement benefits Payments lo deffned contribution retirement benefit schemes are charged as an expense as they fall due. -23- WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and judgements In ￿e application of the charity's accounting policip.s. the Irustee$ are tequwed to make judgemRnts,..estimale&. , y•• and assumptions about the carrying amount of assets and liabilities Ihal are not readily apparent from oth&r sources. The estimates and associated assumptions are based on historical experience and other factors that 8ie considered to be relevant. Actual results may dtffer from these eslimates. The eslimales and undertying assumptions are reviewed on an ongoing basis. Revisions lo accountlng eslirnales are recognised in the pertod in which the estrmate is rewsed where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Key sources of estimation uncertainty Useful life and valuation of tanglble IlxÈd assets The useful lives of tangible fixed assets are detemiined by management al the time Ihe ass&1 ts acquired and reviewed for appropriateness. The useful live5 are based on historical experience with similar assets as well as anticipation of future events. which may irnpact their life. Freehold land and buildings are recorded in the financial ststements al fair value. Managemenl asses the value of the assets on an annual basis arvj obtain fomial professional valuations every 5 years. Income from donatlons and legacies Unrestricted Restri¢ted funds funds 2024 2024 Total Unrestrlcted Restrfcted funds funds 2023 2023 Total 2024 2023 Donations and grfls Legacies receivable Grants receivable for core activities 149,847 8,219 158.066 117,798 50,000 117,798 50.000 32,511 40.435 72.946 182.358 48,654 231.012 167,798 167,798 Grants receivable for core activities Friends of Midhurst Community Hospital Google Ads COHOP Olher 40.435 40,435 23,808 7.703 1,(K)O 23.808 7,703 1,000 32.511 40.435 72.946 -24- West Sussex WEST SUSSEX MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Mental health support Project donations and training income Contracts and Performance related grants Charitable renlal income Other income 2.284 2,284 1,857 1.857 2.460,481 14.042 1,688 276.844 2.737.325 14.042 2.249,180 14.112 362 251.533 2,500,713 14,112 362 Mental health awareness Project donations and training income Contracts and Perfomance related grants 43.772 43.772 18.186 18,186 37.561 95.203 132.764 189.461 33.100 222,561 2,559.828 372,047 2,931.875 2.473.158 284,633 2,757,791 Performance related grants analysis Mentsl health Mentsl heatth 5UPPOrt awareness Total Mental health Mental health support awarenes$ Total 2024 2024 2024 2023 2023 2023 NHS Sussex ICB The National Lottery Community Fund WBSI Sussex County Council National Mind Pathfinder Alliance Groundwork UK Age UK Heads On East Head Olher 2,073.548 15,916 2.089,464 2.069,929 19,808 2,089,737 129.064 129.064 125.597 125,597 15.025 78.269 268.151 6.000 74.992 14.284 60.000 17,992 15,025 113,719 268,151 7,438 74,992 38,643 60,000 73,593 59.467 61.357 162,293 17,300 221,760 78.657 35,450 1,438 75,225 14,580 50,000 44,558 75,225 30,380 50,000 51,918 24.359 15,800 55,601 7.360 2.737,325 132,764 2,870.089 2,500.713 222.561 2,723,274 25- WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investsnents Unrèstricted Unrestrlcted funds 2023 2024 Interest receivable 71,321 25,415 Other income Unrestrieted Unrestricted funds funds 2024 2023 Other income 3,454 3,306 Expendlture on raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraising and publicity Other fundraising costs Staff costs Depreciation and impairment 39,878 82,427 1.307 10,631 46,650 396 123,612 57,677 -26- West Sussex WEST SUSSEX MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable activities Mental Mental health health support awareness 2024 2024 Total Mental Mental health health support awarene55 Total 2024 2023 2023 2023 DSre¢t costs Staff costs Depreciation and impairment Non staff costs 2.283.199 139,923 2,423,122 1.903.370 124,192 2.027.562 39.185 231,911 1,292 73,115 40.477 305,026 33,900 194,513 880 110,482 34,780 304,995 2.554.295 214.330 2.768.625 2,131.783 235,554 2,367.337 Share of support and governance costs (see note 10) Support 365.894 31.817 Govemance 9.896 861 397,711 10.757 299,197 8.482 29.591 839 328,788 9,321 2,930.085 247,008 3,177.093 2.439,462 265,984 2,705.446 Analysis by fund Unreslricled funds Reslricled funds 2.623.100 306.985 142,821 104,187 2.765.921 411.172 2.241.359 198,103 214,005 2,455,364 51,979 250,082 2.930.085 247,008 3.1Tt.093 2.439.462 265.984 2.705,446 Description of charitsble actlvltles Mental health su Servlces which support achieving our objective around promoting the preservation of good mental health in P8rlicular around enabling and empowering everyone experiencfy)g mental health problems lo live with. manage and recover from their condilion. Mèntal health awareness Services with support achieving our objeclNe around relieving the needs of people with mental health problems by working to increase understanding of mental health and mental health problems. by gathering and disseminating infornialion and working to raise awareness. promote understanding and challenge stigma and discrimlnalion. 27- WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Support costs allocated to services 2024 2023 Staff cosls Depreciation Premises costs for Head Offi Insurances Infonnation technology Other general costs Govemance costs 276,639 12,228 23.633 15,534 27,220 42,457 10,757 220,462 8,514 23,186 11,554 17,781 47,291 9,321 408,468 338,109 Analysed between: Mental health support Mèntal health awareness 375,790 32,678 307,679 30,430 408,468 338,109 2024 2023 Governance costs comprise: Audit fees Accountancy Legal and profession21 5,420 3,336 2.001 4,712 2,888 1,721 10,757 9,321 Basis of allocation.. Support and Govemance costs are allocated to Charitable Activities on the basis of the percentage of direct charitable costs. 11 Trustees None of the trustees (or any persons connected with them) re(tived any remuneration or expenses during the year. 12 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Staff 133 112 -28- WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 2.470,396 182.684 129.108 2,032,736 150.683 111,255 2,782.188 2,294,674 The number of employees whose annual remuneration vras more tlwn £60,000 is as follows: 2024 Number 2023 Number £60,001- £70,000 Contribulions totalling £3,949 were made to (Jefined (x)nlribulion pension schemes on behalf of employees whose emoluments exceed £60.000. Remuneration of key management personnel The remuneration of key management personnel is as foltovts. 2024 2023 Aggregat& Compensation 122,501 116,706 13 Taxation The charily is exempl from lax on income and gains falling within section 505 Df the Taxes Act 1988 or secknon 252 of the Taxation of Chargeable Gains Acl 1992 to the exlent thal these are applied to its charitable oblects. -29- WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tangible fixed assets Freehold land Leasehold and buildings In￿rovementS Offi¢e equlpmenl rotal Cost or valuation Al 1 April 2023 Additions 1.500.000 162,951 116,285 48.420 1.779,236 48,420 Al 31 March 2024 1,500.000 162.951 164,705 1,827,656 Depreciation and impairment Al 1 April 2023 Depreciation charged in the year 4,919 19.950 15.726 13.574 86,109 20.488 106.754 54.012 At 31 March 2024 24,869 29,300 106,597 160.766 Carrying amount At 31 March 2024 1.475.131 113,651 58.108 1,666,890 At 31 March 2023 1,495,081 147,225 30,176 1,672,482 Land and buildings for The Gateway, Worthing with a carrying amwnl of £413,222 were revalued on 11 October 2017 by C.G. Spratt & Son Limited 81 £460,000. independent valuers not connected with the charity on the basis of market value. On 22 December 2022, The Gateway was revalued by Cranes Chartered Surveyors at £650,000. FollowSng the meiger with Shoreham & District Mental Health Assoaation. The Cornerhouse was 8cquired which was valued at £600.000. This valuation was provided by Cranes Chartered SuNeyors on 22 January 2019, indep8ndent valuers not connected with the charity on the basis of market value. On 19 December 2022, The Cornerhouse was revalued by Cranes Chartered Surveyors at £850,oao. Both valuations conform to International Valuation Standards and were based on recent mat*et transacllons on arm's length tenms for similar properties. In 2022123. a 12 year lease was enlered in lo with West Sussex County Cr)uncil on 23 fvAallravers Drive, Litllehamplon. BN17 5EY. The leaseho￿ improvements paid for by West Sussex Mind were capilalised at this point. Al 31 March 2024, had the revalued assets been carried at historic cost less 8ccurnulated depreciation and accumulated impairment losses, the carying amount would have been approximately £939,344 12023 £953,OQl1. -30- WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Debtors 2024 2023 Amounts falling due within one year- Trade debtors Accrued income Prepayments 194,870 65,098 21.991 270,812 25.425 22,997 281.959 319,234 16 Current asset investments 2024 2023 Cash deposits held for short-lerm investment purposes 1.546,323 1,341,309 17 Creditors: amounts falling due within one year 2024 2023 Notes other taxation and social securtty Deferred income Trade creditors Other creditors Accruals 51,073 63,510 29,911 261 48.672 40,476 59,899 21,836 12,895 54,584 18 193.427 189,690 18 Deferred income 2024 2023 Arising from government contracts and grants Other deferred income 50,272 13.238 29,048 30,851 63,510 59,899 Current liabilities 63,510 59.899 -31 WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restri¢ted funds The restricted fund&. of the charity Qomprise the.unexpetKled balan(*& of donatloos,and grants.held on trust subject to specific condilions by donors as to how they may be used. At 1 April 2023 Incoming resources Resources expended Transfers At 31 Mar¢h 2024 Mind The National Lottery Community Fund (Reachlng Communities) Arun Winter Food Fund Macmillan Cancer Research Sanctuary in Chichester (Refugee & Asylum MH Worker) Friends of Midhurst Community Hospi181 Crisp8 Charitable Trust Worthing Pride Heads On East Head Impact (Peer Volunteering) WSCC- Self Harm Learning Network WSCC- Men's Mental Health Campaign 40.367 113.719 1144,379) 9,707 29,712 129.064 {120,941) 37,835 1,200 3,106 (3,106) 5.000 (3,078) 1,922 40,435 5.000 3.219 38,643 {23,244} (5,0001 (1,2081 (46,927) 17,191 2,011 29,396 60.000 (43.2071 46,189 16,384 (16,384) 4.931 (3,698) 1,233 107.759 420.701 (411,172) 117,288 Prevlous year: At 1 April 2022 Incoming resources Resources expended Transfers At 31 March 2023 Mind The National Lollery Community Fund (Reaching Communities) The National Lottery Community Fund (Reaching Communtties) Ch8nctonbury Fund CVC Donation Heads On East Head Impact (Peer Volunteering) 78,656 (38.289) 40,367 125.597 {95,885) 29,712 25.893 33.443 47.315 125.893) 133,443) {47,315) (22.096} 30.380 8,284 50,000 (20.604) 29,396 106,651 284,633 {250.082) {33,443} 107,759 -32- West Sussex WEST SUSSEX MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Rèstrlcted funds {Continuedl Mind A collection of grants received to support our wotk in connection with Outreach projects, gelling active, cost of living support, equality improvement arKi influence, time lo talk day and Ukraine crisis response and support for Ukraine refugees. There was also a further grant to assist with digilal improvements to the West Sussex Mind website. The National Lottery Community Fund {Reaching Communities) An extension for a further three years lo fund the Families in Mind projecl which supports parents. The Natlonal Lottery Communlty Fund {Awards forAII) A fund given for assisting us to provide hybrid social group digital equipment. Chanctonbury Fund Funds received lo support and deliver the recovery services in Ihe Chanctonbury area, parl of our 'Downs' service. CVC Donation A generous donation, to span over a few years. to assist the charity to adapt and further develop our seNices lo best help people whose mental health has been affected by the pandemic. Arun & Chichester Food Partnership An initiative -winter Food Fund, lo assist those struggling wilh risiThJ food costs in the Arun and Chichester areas. Ma¢mlllan Cancer Support A partnership belween West Sussex Mind and Macmillan Can￿r Sukwort to support each other's aims lo reach communities that are not Gurrenuy accessing seNices at an expected level. initially focuslng on reaching the Polish cornmunity. Sanctuary in Chichester Match funding towards supporting an additional Mental Heallh worker posiknon aimed al the support of Refugee and Asylum seekers in the West Sussex area. Friends of Midhurst Community Hospital Commencemenl of a Iwo year funding project lo provide mental health training, support and tsrgeted PR & marketing for Midhurst and the surrounding areas The Crispa (Richard Cahn} Charitsble Trust To support the social activities delivery for our Older Peoples Se￿ICe. aged 65 and over. in Arun, Chichester and Adur districts. Worthing Pride 2023 A Share of proceeds from the evenl lo go towards West Sussex Mind recruiting an additional worker to support the LGBTQIA+ in the West Sussex area. Heads On The receipt of three contracts, one to continue the funding to March 2024, of our Litllehampton Peer Hub project, plus a second conlraGI that spans two years and is for a strategic based lead to establish and co- ordinate the development of a West Sussex voluntary. community and social enterprise mental health network. and a third contract to support West Sussex Mind review needs and update our financial recording package. East Head Impact (Peer Volunteerlng) New funding lo support the peer volunteering training programme over a period of 3 years. -33- WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted funds (Continuedl West Sussex coun.ty Council 'A combirialion of 2 grants, one lo provide a short Men's Menlal Health Campaign across Wesl Sussex and the second to establish. maintain and svpport a range of activities Ihal address the issue of self-hami through a West Sussex programme with online access for the pan-sussex partnership. 20 Deslgnated, Fixed Asset and Unrestricted funds The unrestricted funds of the charily comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted lunds by the trustees for specific Pltrposes. At 1 April 2023 Incoming resources Resources expendÈd Transfers Gains and At 31 March losses 2024 Deslgnated funds NHS Sussex ICB NHS Sussex ICB (frorn HEEI Bridging fund Upkeep of th& Cornerhouse building wscc- Ukraine Refuge training programme 2,143 57,500 {59,643} 11,403 334.107 {11.403) (89,4481 244,659 52,870 52,870 1.684 (1,684) 400,523 59.184 1162,178) 297,529 Fixed Asset fund Fixed Asset fund Revaluation reserve 1,127,627 (54,012) 48.420 1,122,035 544,855 544,855 1,672,482 154,012) 48.420 1,666,890 Unrestricted funds General funds 1,503,310 2,757,777 (2,673,343) {48,4201 1,539,324 3,576,315 2.816.961 {2,889,533) 3,503,743 WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Deslgnated, Flxed Asset and Unrestricted funds Icontinuèdl Previous year: At l April 2022 Incoming resources Resour¢es expended Transfers Gains and At 31 March losses 2023 Deslgnated funds NHS Sussex ICB NHS Sussex ICB (from HEE) Bridging fund Upkeep of the Cornerhouse bulldlng 32,500 (30.357) 2,143 19.808 (8,405) {76.005) 11.403 334,107 410,112 52.870 52,870 462,982 52,308 (114.767} 400,523 Fixed Asset fund Fixed asset fund Revaluation reserve 1,144.380 26.937 (43.690) 1.127,627 46.778 498.077 544,855 1,191,158 26,937 (43,690) 498,077 1,672,482 Unrestricted funds General funds 1,234,019 2.5￿.432 12,354.584) 33.443 1,503,310 2,888,159 2,669.677 {2,513.041) 33.443 498,077 3,576,315 -35- West Sussex WEST SUSSEX MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Designated, Fixed Asset and Unrestricted funds Icontinuedl NHS Sussex ICB To fijnd the strategic parlner5hip role. NHS Sussex ICB (from HEE) To fund the HEE Autism Professionals training programme which completed September 2023 Flxed Asset Fund - The Gateway, The Cornerhouse, Maltravers & Office Equlpment The fixed asset fund is a tot81 of the amount equivalent to the net bcok value of The Galeway building, The Cornerhouse building and the office equipment al the balance sheet date, excluding propety revaluation of £544,855. which is included in a separate designated fund. The Fixed Asset Fund also now includes the lease Improvements figure, less amortised amounts, for Maltravers, a furlher building whlch is on a long term lease to whlch we have made improvements to in agreement with WSCC who own the building. Bridging Fund To support the cost of some unfunded projects, either until funding is secured or because trustees feel the offer is part of our charities objectives. growth. sustainability. equality diversion and inctusion and Se￿1￿ user wellbeing of the charity. Upkeep of The Cornerhouse Building To maintain the upkeep of The Cornerhouse building over the comtng years as this is an older property West Sussex County Council A contract lo deliver a series ofTraining courses to support Ukraine Refugees. Revaluation reserve The revaluation reserve reflects the change in valuations ot our buildings Sin￿ they were originally acquired. These are not cash reserves because the amounts only reflecl the value of the buildings at that specific time. Only when sold would any increased or decreased value be recognised. 21 Analysis of net assets between funds Unrestricted nds 2024 Restrlcted fund5 2024 Total 2024 Fund balances at 31 March 2024 are represented by: Tangible assets Current assetsllliabiliknes) 1.666.890 1,836.B53 1,666,890 1,954,141 117,288 3.503.743 117,288 3,621,031 Unrestricted funds 2023 Restrlcted funds 2023 Total 2023 Fund balances at 31 March 2023 are represented by: Tangible assets Current asselsllliabilities) 1.672.482 1.903,833 1,672.482 2,011,592 107,759 3,576,315 107,759 3,684,074 -36- WEST SUSSEX MIND West Sussex NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Operating lease commitments Lesseè At the reporting end dale the charity had Oltlstanding commitrrEnls k>r tuture minimum lease payments under non-cancellable operating leases, which fall due as follows: 2024 2023 Within one year Between two and five years 2,878 2.159 2,878 5,037 5,037 7,915 23 Related party transactions There were no disclosable related party transactions during the year12023 - none). 24 Cash generated from operations 2024 2023 (Deficilysurpus for the year (63,043) 191,187 AdJustments for. Investrnent income recognised in statement of financial acttvities Depreciation and impairment of tsngible fixed assets {71,321) 54,012 (25,415} 43,690 Movements in working capital.. Decreasel(increase) in debtors Increase in creditors Increaselldecrease} in deferred Ir￿Me 37,275 126 3,611 {192,249) 11,599 {114.416} Cash absorbed by operations (39,340) 185,6041 25 AnalysSs of changes in net funds The charity had no debt during the year. 26 Non.audlt services provided by the auditors In common with many charities of our size and nalure we use our al#Jit￿5 to assist with the preparation ol the slalulory financial statements. -37-