Charity number: 1156010 Washington Mind CIO Annual report Year ended 31 March 2024
Washington Mind CIO Contents Page Reference and administrative details Trustees, report Trustees. responsibilities statement Independent examiner's report to the members of Washington Mind CIO Statement of financial activities 10-11 12 Balance sheet 13 Statement of cash flows 14 Notes to the financial statements 15-29
Washington Mind CIO Reference and administrative details Year ended 31 March 2024 Trustees Bernadette Cornish David Wright Diane Snowdon Elaine Habron Richard Jackson Pat Martin Andrew Scott (resigned 12 December 2023) Brandon Feeley Charlty registered number 1156010 Prlncipal office The Life House Grasmere Terrace Columbia Washington NE38 7LP Chief executive officer Jacqui Reeves Accountants UNW LLP Chartered Accountsnts Citygate St James, Boulevard Newcastle upon Tyne NE14JE Bankers Unity Trust Bank PIC 9 Brindley Place Birmingham B12HB Solicitors Ben Hoare Bell 19 John Street Sunderland SR11JQ Page 1
Washington Mind CIO Trustees. report Year ended 31 March 2024 The trustees present their annual report together with the financial statements of the charity for the 1 April 2023 to 31 March 2024. Objectives and activlties • Policies and objectlves The objects of the Charitable Incorporated Organisation are.. To promote the preservation of mental health and to assist in relieving and rehabilitating persons suffering from mental disorder or conditions of emotional or mental distress requiring advice or treatment, and To promote the study of and research into mental health disorder and emotional or mental distress and to obtain and make records of and disseminate to the public the useful results of such research and lo educate the public in matters relating to mental health. The charity operates primarily in the City of Sunderland and surrounding areas. In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity {PB2>'. Main activities undertaken to further the charity's purposes for the public benefit Washington Mind is a well*stablished local mental health and wellbeing charity with extensive local knowledge. community engagement and networks. We will be lebrating the 43rd anniversary during the coming year. Genuine service user involvement is at the very heart of all of ourwork. The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confimi that public benefit has been provided by the range of activities as described above. Achievements and performance • Revlew of activities Over the last year our communities continue to face challenging times, the cost-of-living crisis and demand on services has rapidly increased. The energy crisis and increased bills impacts individuals and organisations like ours with a large. community wellbeing centre, the Life House to run and maintain. Working to generate Gore funding is crucial lo enable the resource to be used by our community. Life House." The Life House offers a weekly programme of wellbeing activities including gardening, book and film clubs, brunch and lunch social sessions, afternoon and evening clubs, healthy eating courses and alternative therapies and other opportunities for social healthy-lifestyle activities. Over the last year we have extended our reach working with more of our partners from across the city to offer dance classes, babyftoddler keep fit and yoga which has seen over 80 members of our community attend throughout the week. We also launched our Supported Self Help service where we upskilled our Mental Health Practitioner enabling us to offer a free, 6-week guided programme, where materials are delivered to understand and manage your feelings whilst also having weekly check ins with a member of staff. Due to a rise in referrals in to the service adaptions were made to the The Life House to include five new 1-2-1 therapy rooms and a refurbishment of our Café Life area to run extra groups and offer family aclivities to our Page 2
Washington Mind CIO Trustees, report (continued) Year ended 31 March 2024 Achievements and performance (continued) community. Training." Once again the reputation for the development and delivery of our training programme has benefited in accessing funding and successful training tenders. The year has been a busy one as workplaces have requested Lunch and Learn brief sessions for the workforce. Contractually the existing contracts are going well. A Life Worth Ltving {"ALWL"), now in it's eleventh year of delivery, continues to be accessed across the community we serve. Delivery is challenging as those attending are experiencing many of the difficulties faced by the wider community. ALWL South Tyneside has increased in number of courses delivered. The contract for Sunderland City Council has seen us reintroduced within the Health Champions training programme to deliver trainin9 on emotional resilience and mental health awareness, as well as the internal delivery of training to both SCC staff and managers as they aim to improve mental health in the workplace. Another successful tender has provided funding to develop a new course, Building Resilience in the Work Place, and delivery began in August 2024. Counselling.. We have continued to work as one of the partner organisations of NHS Sunderland Talking Therapies providing a counselling service to clients aged 16 years and over. The second phase of the single point of access is now well eslablished with a single waiting list to offer equitable access to counselling. We have continued to offer supporusignposting and advice via the SAFC Match Day Hub. We have maintained a Servi level agreement with two private companies to offer counselling to their employees. We have recommenced our volunteer programme and recently recruited further volunteers following attendance at an in-house training programme. Young People s Pmject.. The YPP has celebrated its 10th anniversary of continued co-production with our community, during which time we have proudly upheld YP'S human right to have their views heard and taken seriously. We have maintained Service Level Agreements wrth 6 secondary schools, working collaboratively with pupils and staff, and provided outreach counselling from PopRecs. Our volunteer programme has resumed with an overhaul of processes and training. The Teenage Market has ensconced itself within our community, gaining significant interest from a variety of partners. Regular markets have been held at PopRecs, and the Museum and Winter Gardens. The Young Advisors are keen to build on existing interconnectedness, in order to further impact the wellbeing of their peers. YPP has continued to provide internship opportunities for Durham Universitylchangemakers NE students. Partnership work has continued with The Bunker. providing free music tuition, consolidating wellness post counselling, and mitigating risk for YP on our waiting list. We look foNard to seeing how this line ofwork continues to develop in the future. Page 3
Washington Mind CIO Trustees. report (continued) Year ended 31 March 2024 Achievements and performance (continued) Our impact In the last year (1st April 2023 to 31st March 2024) we received 1,274 new referrals and supported 1,326 individuals laccessing., therapies, social support, wellbeing activities and alternativeltherapeutic group-work). We have dealt with 100,809 telephone, texts and email enquiries, delivered training to 1.033 participants and have 31 active volunteers. Our wellbeinginfo website received 106,686 unique visitors last year and our stats show this site is often used by people during the night and at weekends, making it an invaluable resource when traditional support is not available. In addition to this, our main base the Lrfe House received over 27,956 visitors during this period and caters for children and adults of all ages. Our support is built around choice, and current activities include.. information resources (including websites and digital resources). counselling, alternative therapies, telephone support, therapeutic group work, psychtF educational sessions, wellbeing activities. training and volunteering opportunrties. Genuine service involvement is at the heart of all that we do and we endeavour to challenge and reduce stigma and discrimination. We disseminate mental health and wellbeing information through a variety of media, including external publications, our own publications, a text service, our database, social media, surveys, our online direclory, information factsheets. our website, films, service leaflets and promotional items. • Volunteers Volunteers play an important role in the charitys work and we have re*stablished our volunteer programme following a pause due to the pandemic. Roles include administration, group work facilitators. café assistants, counselling and fundraising activities. Our main area of student placements and volunteering is counselling in our young peoples and adult counselling projects. Their contribution towards the service helps us to over- perform on targets, reduce waiting lists and provide a safe, supportive, learning environment in which counsellors Can flourish. • Fundralsing activities and Income generation Washington Mind abide by the fundraising code of practice. All funding is received to meet the objectives of the seNice. Our main source of income is grant funding. However we do have an active presence in the community which enables us to receive donations from those people who have been fundraising on our behalf. The charity does not make any material expenditure to raise income and has no plans to do so in the future. A designated Fundraising Coordinator and sessional Bid Writer have helped us increase our core funding and raise awareness across our community. We recognise that it is now more important as we face the cost of living crisis to plan effectively for our future income and have a variety of income streams in the future. Page 4
Washington Mind CIO Trustees. report {continued) Year ended 31 March 2024 Financial review Financial performance and position Washington Mind have implemented robust financial monitoring systems to ensure that the charitls resources continue to be properly managed and safeguarded. During the year our income fell to £865,722, a fall of 7°/0 however our cost increased by 5°h, to £977,220. Our restricted funds decreased this year following a transfer of funds to unrestricted, representing Core costs attributable to our restricted objects.. Using the restricted funds, we have been able to secure counselling posts in our adult counselling team and a training initiative. Although this is gratefully ceiVed and a positive for the Charity and the year ahead, we still emphasise the need for higher levels of funding in order to rna1n operational as shown by the overall deficit for the year of £111.498. The trustees consider that our unrestricted current asset resources of £79,916, while excluding unrestricted creditors see note 14, at the 31st March 2024 and at the date of signing our accounts are sufficient to meet current ongoing operational obligations. Golng concern After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. • Reserves policy The management board has continued to pay scrutiny to the CharItS requirements for reserves. The year has been another successful one for Washington Mind, but we appreciate that the threat of difficult times continues to lie ahead due to the many changing circumstances out of our control, including the global financial difficulties from the impact of the pandemic and continuing lockdown restrictions. This however does not change our view on the amounts necessary to fund core activities which have increased over the last year. We aim to hold undesignated reserves of between 3 and 6 months core costs. Undesignated unrestricted reserves are £53,808. These are held to enable Washington Mind to fund its core team and running costs in the short term, as well as day-to-day running Costs, outside of covered project costs. The trustees are satisfied that the current reserves are within the target range set but continue to monitor the position closely. Prlnclpal risks and uncertainties The trustees have examined the major risk5 which the charity faces in relation to external factors, governance and management, internal operation5 and business. The likelihood and impact of risks and what system5 should be in place to control and reduce those risks are kept under rewew by the management committee throughout the year. Washington Mind's Risk Register includes risks regarding governance, operational, financial. external factors and compliance with law and regulation and is reviewed regularly. Trustees consider potential risks when planning and managing the charivs business. Risk management is an agenda item on every Committee meeting. Systems are designed to provide reasonable, although not absolute, assurance against material loss or misstatement of loss. Page 5
Washington Mind CIO Trustees. report {continued) Year ended 31 March 2024 Structure, governance and management Constitution Washington Mind CIO is a registered charity, number 1156010. Washington Mind is a well-established local Charitable Incorporated Organisation governed by its Memorandum and Articles of Association, who have been delivering mental health and wellbeing support since 1981. We are affiliated to national Mind and are one of around 100 Local Mind Associations. Each one is an independent charity run by local people, for local people and we are responsible for our own funding and services. Mind provides a nationwide support neOrk including access to legal advice and other reSoUes. Methods of appointment or election of trustees Trustees are recruited and selected using safer recruitment processes. We advertise openly to actively promote equality of opportunity for all and welcome applications from a wide range of candidates. We select all candidates for interview based on their skills. qualifications and experience, including lived-experience of mental health issues. All trustees must complete an application form and if shortlisted are inteNiewed at the Life House. Short listing and interviewing are carried out by more than one person, usually the CEO and one other trustee. If accepted, the Chairperson will then confinn in writing the acceptance of their application to become a trustee. They will be formally appointed at the next board meeting. Washington Mind in its duty of care to our client group will check references and request a DBS check for all trustees. We complete a trustee skills audit to ensure the right mix of talent. skills and potential are on the board and we can address gaps. New trustees are inducted to the organisation through meetings with other trustees and senior staff. Additional training is provided as required. • Organisatlonal structure and decislon-making policies Washington Mind has a management committee who are responsible for the strategic direction of the organisation. At present the Committee has seven members from a variety of backgrounds relevant to the work of the charitable company. The Chief Executive Officer is appointed by the trustees and is responsible for all aspects of the charitys operations, including obtaining adequate funding to finance the charity's services. The complete organisational structure consists of a CEO. accountable to the Management Committee with four Senior Managers accountable to the Chief Executive Officer. They are the Business Support Manager, Training Manager, Lead Young Peoples Counsellor and Lead Counsellor, who all have clinical andlor line management responsibilities for the administration, project and counselling staff. There are six members of staff in the support team and eleven staff in the clinical teams, a trainer, a youth worker and we also employ a cleaner. All staff are interviewed and an assessment is carried out of their skills, qualifications and experience against their job description and capability. Comparative salaries are sought and benchmarked against suitable pay scales, using other Local Minds and similar organisations e.g. counselling services. For new posts we use NHS Bands and NJC pay scales as guides, which are used widely in the voluntary and community sectors, (although they are local government scales negotiated by the employer and trade union sides of the National Joint Council for Local Government SeNices). Plans for future periods Project Goals 2024 - 2027 for each projectlpriority area: The Life House Community engagement will be top of our agenda working with our service users and wider community to ensure our services are current and meeting the needs of the publi¢. We will accomplish this by the delivery of community groups and activities which will support the wellbeing of people of all ages. Our SeNiS will be enhanced by sharing community self-help and wellbeing resources including the use of Page 6
Washington Mind CIO Trustees, report {continued) Year ended 31 March 2024 Plans for future periods (continued) social media, keeping innovative digital resources remaining at the fore-front of our communities. Training The training project will be developed to meet the needs of the organisation and our community. We will further establish our training programme through the continuation of our relationships with businesses, educational providers, organisations and commissioners. A blended approach will include online and face to face to delivery. All training will continue to be delivered to a high standard whilst generating income and supporting sustainability. Counselling To actively work towards achieving key perfomance targets whilst continuing to offer an inclusive and flexible service and a high-quality standard of care. We will maintain our British Association of Counselling Professionals (BACP) Service Accredilation status and our staff will remain committed to ongoing Continual Professional Development (CPD). Young People s Project We will continue to co-produce a quality assured. community focused model to support mental wellness,. offering free, accessible. holistic and young person centred support. We will work with partners to create opportunities across the City, in a way that meets the complex and intersecting needs of young people's contexts. We will remain adaptive, responsive and hopeful. and will routinely review and evaluate our ongoing partnership with young people. Our People The people who use our services are our most valued resource, and we will continue to Co-produce and reconfigure our offer in order to meet their needs and preferences. Our competent and fully qualified team will continue to care deeply about the services they provide and the people who they work in partnership with. Our Communlty We will continue with our commitment to delivering a community approach to mental health support and suicide prevention. As an active member of the voluntary and community sector, we will engage with our local community increase understanding, raise awareness and break down barriers for people expertencing mentsl health issues. Our Offer An accredited quality assured seNice provider based in the local community and accessible to all. Our support will include training and volunteering opportunities, counselling, the provision of a wellbeing focused venue with a community café and activities, social support, alternative therapies, group work, the arts, exercise, information and digital resources. Our Sustainability We will invest in and maximise our resources to ensure the organisation's stability. We will continue to invest in our staff and partnerships and source a wider range of funding and generate income, to strengthen our offer. Robust monitoring systems will ensure that the charity's resources continue to be properly managed and safeguarded, with sufficient reserves to deliver safely. We will continue with our robust financial monitoring systems to ensure that the Charity's resources continue to be properly managed and safeguarded. Page 7
Washington Mind CIO Trustees. report (continued) Year ended 31 March 2024 Approved by order of the members of the board of trustees on 10 October 2024 and signed on their behalf by: Bernadette Cornish Trustee Page 8
Washington Mind CIO Statement of trustees, responsibilities Year ended 31 March 2024 The trustees are responsible for preparing the truslees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and applicalion of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them Consistently., observe the methods and principles of the Charities SORP IFRS 102)- make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure thal the financial statements comply with the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of trustees on 10 October 2024 and signed on its behalf by.. Bernadette Cornish Trustee Page 9
Independent examiner's report Year ended 31 March 2024 Independent examiner's report to the trustees of Washington Mind CIO {'the charity,) I report to the charity trustees on my examination of the accounts of the charty for the year ended 31 March 2024. Responsibilities and basis of report As the truslees of the charity you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the 2011 Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities. Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act- or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the charitys trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charitys trustees those matters l am required to stale to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity'5 trustees as a body, for my work or for this report. Page 10
Independent examiner's report (continued) Year ended 31 March 2024 Signed.. Dated.. 10 October 2024 Anne Hallowell Bsc FCA DChA UNW LLP Newcastle upon Tyne Page11
Washington Mind CIO Statement of financial activities Year ended 31 March 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Totsl funds 2023 Note Income from: Donations and legacies Charitable activities Investments 162,034 668,764 35,510 820,798 35,510 9,414 883.897 48,281 3,604 9,414 Total income 161,448 704,274 865,722 935,782 Expenditure on: Charitsble activities 222,358 754,862 977,220 928.120 Total expenditure 222,358 754,862 977,220 928,120 Net (expenditure)lincome Transfers beeen funds (60,910) 105,56S (50,5881 (105,565> (111,4981 7,662 13 Net movement in funds 44,655 (156,153) 1111.498) 7,662 Reconciliation of funds: Total funds brought forward Net movement in funds 128,407 44,655 1,054,034 1156,153) 1,182,441 (111,498) 1,174,779 7,662 Total funds carried forward 173,062 897,881 1,070,943 1,182,441 The notes on pages 15 to 29 form part of these financial statements. Page 12
Washington Mind CIO Balance sheet At 31 March 2024 2024 2023 Note Fixed assets Intangible assets Tangible assets 5,998 114,432 11,109 111,259 120.430 122,368 Current assets Debtors Cash at bank and in hand 10 212,697 1,091,911 424,942 999,139 1,304.608 1,424,081 Creditors.. amounts falling due within one year 11 (278,910) (213,992) Net current assets 1,146,128 1,332,457 Total assets less current liabilities 1,146,128 1,332,457 Creditors.. amounts falling due after more than one year 12 (75,185) (150,016) Net assets 1,070,943 1,182,441 Charity funds Restricted funds Unrestricted funds 13 13 897,881 173,062 1,054.034 128,407 Total funds 1,070,943 1,182.441 The financial statements were approved and authorised for issue by the trustees on 10 October 2024 and signed on their behalf by: Bernadette Cornish Trustee Charity registered number.. 1156010 The notes on pages 15 to 29 form part of these financial statements. Page 13
Washington Mind CIO Statement of cash flows Year ended 31 March 2024 2024 2023 Cash flows from operating activities Net cash used in operating activities (see note 15) 117,700 (13,404) Cash flows from investing activities Purchase of intangible assets Purchase of tangible fixed assets (2,153) {1,600) (24,9281 Net ¢ash used in Investing actlvities (24,928) (3,7531 Cash flows from financing activities Net cash provided by financing activities Change In cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 92,772 (17,157) 1,016,296 999,139 Cash and cash equivalents at the end of the year 1,091,911 999,139 The notes on pages 15 to 29 form part of these financial statements Page 14
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ('FRS 102,) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland ('FRS 102,1 and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities {A¢¢ounts and Reports) Regulations 2008 only to the extent required to provide a Yrue and fair, view. This departure has involved following the Charities SORP (FRS 102} published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Washington Mind CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounling policy. The financial statements are presented in pounds sterling which is the functional currency of the charity and are rounded to the nearest £1. 1.2 Going concern As noted in the trustees, report, the charity's activities continue to be supported by external donations and grants, continued support from its primary funders supports the going concern status of the charity. Given the substsntial cash balances and anticipated spend over the coming 12 months, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. 1.3 Income All income is re¢ognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the statement of financial activities on a receivable basi5. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time Ihe investment income is receivable. Page15
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 Accounting policies {continued) 1.4 Expenditure Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Support costs are those costs incurred directly in support of expenditure on the objects of the charity. including those incurred in connection with the administration of the charty and compliance with constituitional and statutory requirements. They are apportioned against the activities of the charity in line with the estimated usage of those costs. Expenditure on charrtable activities is incurred on directly undertaking the activities which further the Charitys objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 1.5 Intanglble assets and amortlsatlon Intangible assets costing £1,500 or more are capitslised and recognised when future economic benefits are probable and the Cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any a¢¢umulated impaimient losses. Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straighl line basis over its expected useful life. Amortisation is provided on the following basis: Computer soknre 20 0/0 Straight line 1.6 Tangible fixed assets and depreciation Tangible fixed assets costing £1,500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulaled impaimient losses. All costs incurred to bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following bases.. Property improvements Motor vehicles Equipment Garden Project 1 OQA straight line 200/0 Straight line 33.330/0 Straight line 1 OOA straight line Page 16
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 Accounting policies {continued) 1.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.8 Cash and cash equivalents Cash and cash equivalents includes cash in hand. 1.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 1.10 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 1.11 Operatlng leases Rentals paid under operating leases are Charged to the statement of financial activities on a straight line basis over the lease term. 1.12 Pensions The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. 1.13 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 17
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 Accounting policies Icontinuedl 1.14 Critical accounting estimates and areas of judgment Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Estimates included within these financial statements include depreciation and amortisation charges. None of the estimates made are considered to carry significant estimation uncertainly, nor to bear significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year. In preparing these financial statements the trustees do not consider there were any significant areas of judgement that were required in applying the charity's accounting policies as set out above. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Donations and grants 152,034 668,764 820,798 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Donations and grants 150,068 733,829 883,897 Page 18
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 Donations and Grants Donations and grants above £5,000 have been disclosed in the table below with grant below Ihis threshold disclosed within other grants and donations. Unrestricted Restricted funds funds 2024 2024 Total funds 2024 NHS North East & North Cumbria ICB Sunderland City Council Cumbria, Northumberland, Tyne and Wear NHS Foundation Trust Mind Schools and Academies Roseline Garfield Weston Foundation 35,000 207,178 137,205 242,178 137,205 217.615 34,493 32,860 1,500 217,615 34.493 32,860 21,500 15,000 5,000 5,400 109,547 20,000 15,000 5,000 Sir James Knott National Lottery Community Foundation Other grants and donations 5,400 32,513 77,034 Total 2024 152,034 668.764 820,798 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Foundation of Light NHS Sunderland CCG Sunderland Crty Council South Tyneside Council Mind Community Foundation Schools and Academies other grants and donations 6,745 6,745 504,767 89,599 40,840 49,500 9,373 17,250 165,823 504,767 89,599 40,840 49,500 9.373 17,250 22,500 143,323 Total 2023 150,068 733,829 883,897 Page 19
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 Income from charitable activities Restricted funds 2024 Total funds 2024 Total funds 2023 Training sessions 35,510 35.510 48,281 Analysis of expenditure by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Core 147,289 304,088 32,972 183.032 180.135 75,069 15,195 9.054 11.226 19,160 222,358 319,283 42,026 194,258 199,295 Community Training Counselling Young People 847,516 129,704 977,220 Activities undertaken directly 2023 Support costs 2023 Total funds 2023 Core Community Training Counselling Young People 134,206 262,749 49,847 169,744 179,785 77,801 15.015 8,947 11,093 18,933 212.007 277,764 58,794 180,837 198.718 796,331 131,789 928,120 Page 20
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 Analysis of expenditure by activities (continued) Analysis of support costs Total funds 2024 Total funds 2023 Depreciation and amortisation Office expenses Building costs Legal and professional fees Travel IT costs Insurance 26,866 37,675 24,715 16,387 1,357 15,403 7,301 36,817 45,006 16,668 11,389 652 13,301 7,956 129,704 131,789 Independent examlner's remuneration The independent examiner's remuneration amounts to an independent @xaminer fee of £4.000 {2023 £3,800). Stsff costs 2024 2023 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 598,776 46,063 28,914 561,994 43,244 24,210 673,753 629,448 The average number of persons employed by the charity during the year was as follows.. 2024 2023 staff 27 27 Page 21
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 Staff costs (continued) No employee received remuneration amounting to more than £60,000 in either year. The charity considers its key management personnel to comprise of the trustees, the Chief Executive and the service delivery managers. The total employee benefits of the key management personnel were £169,018 {2023: £165,686). During the year and prior year, no trustees received any remuneration or reimbursement of expenses. Intangible assets Computer software Cost At 1 April 2023 25.553 At 31 March 2024 25,553 Amortisation At 1 April 2023 Charge for the year 14,444 5.111 At 31 March 2024 19,555 Net book value At 31 March 2024 5,998 At 31 March 2023 11,109 Page 22
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 Tangible fixed assets Motor vehicles Garden project Property Equlpment Total Cost At 1 April 2023 Additions 128,763 21,197 23,000 6,284 125,353 3,731 283,400 24,928 At 31 March 2024 149,960 23.000 6,284 129,084 308,328 Depreciation At 1 April 2023 Charge for the year 128,761 820 11,500 7,590 5,782 502 26.098 12,843 172,141 21,755 At 31 March 2024 129,581 19,090 6,284 38,941 193,896 Net book value At 31 March 2024 20,379 3,910 90,143 114,432 At 31 March 2023 11.500 502 99,255 111.259 10. Debtors 2024 2023 Trade debtors other debtors Prepayments and accrued income 210,802 26 1,869 378,071 26 46.845 212,697 424,942 Page 23
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 11. Creditors: amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other creditors Accruals and deferred income 5,567 17.597 120 255,626 2.770 12,660 120 198,442 278,910 213,992 2024 2023 Deferred income at 1 April 2023 Resources deferred during the year Amounts released from previous periods 340,483 184,366 251,980 340,483 (265,652) {184,366) 326,811 340,483 12. Creditors: amounts falling due after more than one year 2024 2023 Accruals and deferred income 75,185 150,016 Page 24
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 13. statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Unrestricted funds Designated funds Life House Redundancy Garden Project 12) 119,254 5,857 119,254 (12,843) 6,986 125,113 {12,845 6,986 119,254 General funds General Funds 3.294 161,448 (209,513) 98,579 53,808 Total Unrestricted funds 128,407 161,448 (222,3581 105,565 173,062 Restricted funds Counselling Training Young People Community 106,856 345,993 481,273 119,912 220,345 35,510 155,042 293,377 (194,258) (42,026) (199,295) (319,283 {33,052) (5,250) (23,256) (44,0071 99,891 334,227 413,764 49,999 1,054,034 704,274 {754,862) (105.565) 897,881 Total funds 1,182,441 865,722 (977,220) 1,070,943 Page 25
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 13. Statement of funds (continued) Statement of funds - prior year Balance at 31 March 2023 Balance at 1 April 2022 Income Expenditure Unrestricted funds Designated funds Life House Redundancy Garden Project 12,878 119,254 18,393 (12,8761 119,254 5,857 (12,536) 150,525 {25,412) 125,113 General funds Unrestricted funds 36,217 153,672 (186,595) 3,294 Total Unrestricted funds 186,742 153,672 (212,007) 128,407 Restricted funds Counselling Training Young People Community 96,422 360,089 413,893 117,633 201,207 48,281 262,703 269.919 (190.773) (62,377) (195,323) (267,640) 106,856 345,993 481,273 119.912 988,037 782,110 {716,113) 1,054,034 Total funds 1,174,779 935.782 (928.1201 1,182.441 Page 26
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 14. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Intangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 114,432 114,432 5,998 5,998 79,916 1,224,692 1,304,608 (27,284) (251,626) {278,910) (75,185) (75,1851 Total 173,062 897,881 1,070,943 Analysis of net assets between funds - prlor perlod Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Intangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 111,259 11,109 29,564 {23,525) 111,259 11,109 1,394,517 1,424.081 (190,467) (213,992) (150,016) (150,016) Total 128,407 1,054,034 1,182,441 Page 27
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 15. Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net incomelexpenditure for the period (as per Statement of Financial Activities) (111,498) 7,662 Adjustments for: Depreciation charges Amortisation charges (Increase) I decrease in debtors Increase l (decrease) in creditors 21,755 5,111 212,246 {9,9131 31,778 5,039 (216,642) 158,759 Net cash provided byl(used in) operating activities 117,700 (13,404) 16. Analysis of cash and cash equivalents 2024 2023 Cash in hand 1,091,911 999,139 17. Analysis of changes in net debt At 1 April 2023 Cash flows At 31 March 2024 Cash at bank and in hand 999,139 92,772 1,091,911 18. Penslon commitments The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension Cost charge represents contribution5 payable by the charity to the fund and amounted to £28,914 12023.. £24,210). Contributions totalling £4,964 {2023'. £3,702) were payable to the fund at the balance sheet date and are included in creditor5. Page 28
Washington Mind CIO Notes to the financial statements Year ended 31 March 2024 19. Operating lease commitments At 31 March 2024 the charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years 2,668 10,673 1,097 660 13,341 1,757 20. Related party transactions There were no related paty transactions within the year (2023.. none). Page 29