Char5ty registration number.. 1156010 WASHINGTON MIND CIO TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Washington Mind CIO Contents Page Tru5tees' Fieport Independent Exarniner'5 Report Statement of Financial Artivities Comparative Ststement of Financial Artivities Statement of Flnanclal Posltlon io Statement of Cash Flows li Notes to the Statement of Cash Flows 12 Notes to the Financial Ststements
Washington Mind CIO Trustees. Report For The Year Ended 31 March 2025 The trustees present thelr report and the financial statements for the year ended 31 March 2Q25. Objertives and Actlvltles Alms and Objertlves Pollcle$ and objertlves The objetts of the Charitable Incorporated Organisatlon are.. To promote the preservation of mentsl health and to asslst In rellevlng and rehabllltakn'ng persons suffering fro mental disorder or conditions of emotional or mental distres5 requiring advice or treatment, and To promote the study of and research into mental health disorder and emotional or mental distress and to obtaln and make records of and disseminate to the publSc the useful sUltS of suth resear¢h and to educate the public in matters relating to mental health. The charity operates primarlly In the Clty of Sundeand and surrounding a8$, In setting objectives and plannlng for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IPB2)'. Slgnlflcant Artlvltles Washlngton Mlnd Is a well-establlshed local mental health and wellbeing charity with extensive local knowledge, communlty engagement and networks. We will be celebrating the 44th anniversary during the comlng year. Genuine service user involvement is at the very heart of all of our work. The trustees have consldered the guldance produced by the Charity Commission on the provision of public benefit and they conflrm that public benefit ha5 been provided by the t7nge of artivlties as descrlbed above. Publlc Beneflt Activities undertaken t¢ further the charity's purposes for the publec beneflt are detailed within Achievements and Performance. The trustees conflm that they have complied with the requIrnents of Settion 17 of the Charftles Act 2011 to have due regard to the Charlty Commlsslon's guldance on publlc benefit. A¢hl¢v•m¢nts and P¢rformance Maln Achl•v¢ment$ Revlew of artlvltles The ongoing economic and social challenges across the UK continue to have a significant impact on the charity sKtor and the communities we serve. Rlsing living costs, increasing demand for rnentsl health and wellbeing support, and pressures on publlc servites have created a complex environment for both indivlduals and oryanlsatSons. Many people are facing financial hardship, isolation, and uncertalnty, leadlng to greater lianCe on voluntary and community servlces. At the same time, charities are experiencing higher operating costs and increased competition for limited funding. Despite these challenges, we maIn committed to supporting our cornmunity, adapting our services, and working collaboratlvely with partner5 to ensure we cortinue to meet local needs effectively and sustainably. Life House The Llfe House contlnues to thrive and we welcomed over 32,000 people over the year, offerlng a wide range of support and artivitie5 for our communlty. Our wellbeing activities continued to expand and strengthen we launched a new SEND pant and carer group, Chatty Café, Lunch and Learn sessions, and Connections Café, wlth new funding Secured to 5U5tain exercise cla55es until July 2026. Dlgital 5e$5ions were delivered in partnership with Sundedand Sofvare City and Barclays, whlle wellbelnginfo.org content was updated and new support pages developed. ..CONTINUED Page I
Washington Mind CIO Trustees. Report (continued) For The Year Ended 31 March 2025 Maln Achlevements- contlnued Across the year, additional wellbeing and soclal opportunities were introduced, such as massage therapies, medltatlon, a Baby Massage group, and the Men s Pizza Club. Festive community events were well attended, and the launch of the Young Peoples wellbelng.or9 slte marked a key milestone. Planning took place for new Inltlatives including the Family Tea Club and the relatjnch of the Job Club Tn partnership with Totsl Futures, alongside recruitment for new staff roles to support futu delivery. Tralning Washington Mind remains a quallty training provider, and this is further evidenTr not only in the continuation of exrsting contracts but also in the new contrncts and the bespoke training we have been approached to develop an¢J dellver. A LIFE Worth VIng contlnues to provide a much-needed traSning resource during difficult social and economic times. Attendance at the training alongside the feedback received reinfOrS the need for this training as well as an evidence base for htsw the training is being utilised across our community and Is Indeed saving lives. South Tyneside continue to purchase ALWL and dellvery has exceeded the original contract requirtrnents. Sunderland Clty Council have recommissioned their internal staff training programme and this has underyone further develeprnent. Our partnership with Sunderfand Workplace Alllance ha5 seen us further commlssloned for a second year to deliver Building Resllience in the Workplace supportlng the mental wellbeing of workplaces acr05S the city. We are contlnually contacted by employers to deliver MHFA a5 well as several bespoke training courses. We have rentlY been contacted by TWFRS to develop and deliver a Mental Health for Manger5 course that will be commissioned for one year. Coun$elllng Throughout 2024-25, the counselling servite ha5 continued to develop and adapt to meet the changing needs of clients and the community. Trainlng on working with neurodiversity was identsfjed and delivered to stsff, alongside further trBining in risk management and docurnentation, resultlng in improved prartice. Volunteer recrultment and development have been a key focus, wlth four new volunteers su¢¢essfully compleung Indurtion and commencing client work. Two new part-time counsellors als¢ joined the team, strengthenin9 service capacity. The Grief Projett secured nding following a suc¢essful proposal and consultation process, with the fIt peer support group due to launch in Aprll 2025. Support at the Match Day Hub has connued, wlth adjustments made to Improve engagement and the introductlon of additronal emotional support through Fan Space sessions. The service continved to face operational challenges, including Increased demand, rnterpreter costs, and apporntment allocation Issues linked to client avallabillty and changing needs, but remained commltted to improving accessibllity. Young P¢opl*'s Projert The Young Peoples service maintalned a strong focus on Improving pract1, reduclng waiting times, and enhancln9 rlsk managernent. The volunteer programme contlnued to grow, with successful recrnitment, training, and ongoing review to address challenges related to the increasing complexlty of young people's needs. Collaboratyve projects such as the Teenage Market and work wlth The Bunker received p051tlve feedback. with Impart reports evidencing benefits to young people s mental health and informing future funding plan5. The team has remained responsive to system-wide changes, co-producing new resour¢es such a5 the Teenage Market trader packs, and strengthenlng partnerships to extend reach and impart. Looking ahead, preparations are underway for further Jolned up work with new and exlstlng partners. Our Impact In the last year I01/0412024- 3110312025) we received 1,411 new referrals, supported 5,794 individuals (accessing. theraples, Social support, wellbeing activlties and alternative/therapeutic group-workl. We have dealt with 99,197 telephone, texts, and emall enquirte5, delivered trnining to 896 participants and have 31 actlve volunteers. Our wellbeinginfo website received 123,156 unique vi51tors 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 Life House recelved over 32,000 visitors during this perlod and caters for children and adults of all ages ..CONTINUED Page 2
Washington Mind CIO Trustees, Report (continued) For The Year Ended 31 March 2025 Maln Achlevernents- contlnued Our 5UPPOrt 15 built around choice, and turnt artivities include.. informatlon 505 (Includlng websrtes and dlgltal resources), counselling, alternative therapies, telephone support, therapeutic group work, psycho-educational se5SiOnS, wellbeing artivitie5, training and volunteering opportunities. Genuine service involvement is at the heart of all that we do and we endeavour to challenge and reduce stigma and discrimination. We dlssemlnate 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 directory, information fa¢tsheets, our webslte, fllms, se1 leaflets and promotlonal Items. Volunteers Volunteers play an Important role In the charlty's work, roles Include admlnlstratlon, group work facilitators, café assistants, counselling and fundrdising 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 tsrgets, reduce waiting lists and provide a safe, supportive. learning environment in which counsellors can flourish. Fundraising activitles and income generation Washington Mind abide by the fundraising code of practice. All fLtnding Is received to meet the objectives of the service. Our main source of tncome is gt7nt funding. However we do have an artive prtsence in the ¢ommunlty which enables us to receive donations from those people who have been fundrnising on our behalf. The charity does not make any material expendire to raise income and has no plans to do so in the future. Financial Revi¢w Fln4n¢lal Posltlon Washington Mind have implemented robust financial monitoring systems to ensure that the charity's sOurceS continue to be properly managed and safeguarded. Durlng the year our income in(ased to £984,851 (2024 £870,191, an increase of 13% however our cost Increased by 4.4%. to £1,025,261 12024 £981,689}. Our restrtcted fijnds decreased thls year. The trustees conslder that our unrestrlcted current asset resources of £225,708 (2Q24 £79,916), while excludlng unrestricted cdItorS at the 31st March 2025 and at the date of signing our accounts are Sufficient to meet current ongoing operatitsnal tsbligations. Reserves Pollcy The management board has continued to pay scrutlny to the chaty'S requirements for reseNes. The year has been another successful one for Washington Mind, but we appreclate that the threat of difficult tirnes c¢ntinues to lie ahead due to the many changing circumstance5 Out of our control, including the global financial difficulties from the impact of the pandemic and continuing lockdown restrictions. This however doe5 not change our view on the amounts ftesary to fvnd core activities whlch have increased over the last year. We aim to hold undeslgnated reserves of btheen 3 and 6 months core costs. Undesignated unrestricted reseryes are £92,33612024 £53,808). The% are held to enable Washington Mind to fvnd its core team and running casts in the short term, as well as day-to-day runnlng costs, outside of covered prolert costs. The trustees are satlsfied that the current reseryes are within the taryet range set but Continue to monittyr the posltion closely. Golng Concern After making appropriate enquirie5. the trustee5 have a reasonable expectatlon that the charlty has adequate resources to continue in operational existen for the foreseeable future. For this reason they continue to adopt the going concern ba515 in preparing the financial 5tsternents. Page 3
Washington Mind CIO Trustees, Report (continued) For The Year Ended 31 March 2025 Addltlonal Note The trustees have examlned the major risks whlch the charity faces in relation to external factors, governance and rnanagement, internal operations and business. The likelihood and impact of risks and what systerns should be in place to control and reduce those risks are kept under review by the management committee throughout the year. Washington Mind's Risk Fiegi5ter includes SkS regarding governance, operational, financial. external factors and complSance with law and regulation and is revlewed regularly. Trustees consider potential risks when planning and managing the charity's business. Rlsk management is an agenda item on every Committee meeting. Systems are designed to provide reasonable, although not absolute, assurance against materSal loss or mi$5tatement of loss. strurture. Governance and Management G¢v•rniTrg Document Washlngton Mind CIO is a reglstered charity, number 1156010. Washington Mlnd is a well-established local Charltable Incorporated Organlsation governed by Its Memorandum and Artlcles of Association, who have been delivering rnental health and wellbeing support sift 1981. We are affiliated to national Mind and are one of around 100 Local Mind Associations. Each one is an independent charity run by local people, for local people and we are responslble for our own fundlng and services. Mind provldes a nètionwide support network including access to legal advice and other resources. Trustee Selection Methods Trustees are recruited and selected using safer recrultment processes. We advertSse openly to actively promote equality of opportunity for all and welcome applicatlons from a wide range of candidates. We select all candldates for interview based on their skills, qualifications and experience, including Ilved-experience of mental health issues. All trustees must complete an application form and if shortjisted are interviewed at the Life House. Short listing and inteThiewing are carried out by more than one person, usually the CEO and one other trustee. If accepted, the Chairperson will then confimi in wrlting the acceptance of their appllcakn'on to becorne a trustee. They will be formally appointed at the next board meetlng. Washington Mind in its duty of care to our client group will check references and request a DBS check for all trustees. We complete a trustee skills audit to ensure the right mix of talent, skills and potential are on the board and we can address gaps. New trustees are Induthd to the organisatfon thr¢ugh meetings wlth other trustees and senlor staff. Additional trainSng Is provided as requid, Organl$ational Structurn Washington Mind has a management (x)mmittee who are re5pon5ible 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 sponsible for all aspects of the charity's operations, Including obtaining adequate funding to finance the charity'5 services. The complete oryanisational structure consists of a CEO, accountable to the Management Committee with four Senior Managers accountsble to the Chief Executive Officer. They are the Business Support Manager, Training Manager, and Lead Counsellor, who all have clinical and/or line management responsibilities for the administration. projert and counselllng staff. There are seven members of stsff In the support team and twelve staff in the clinical teams, a trainer, and we also employ a cleaner. All staff are inteNlewed and an assessment is carried out of theSr skillsi qualifications and experience against their Job description and capability. Comparative salaries are sought and benchmarked against 5Ultable pay scales, using other Local Mind5 and similar organisations e.g. counselling services. For new posts we use NHS Bands and NJC pay scales as guldes. which a used widely in the voluntary and community sectors, (although they are local government scales negotiated by the employer and trade union 5sd¢5 of the National Joint Council for Local Govemment Services). Reference and Admlnistratlve Detalls Trustees Mr Jarne5 Filde5 Mr Brandon Feeley Mr Richard Jackson Mr5 Elaine Habron Cllr Dianne Snowdon Page 4
Washington Mind CIO Trustees, Report (continued) For The Year Ended 31 March 2025 Mr Davld Wright Mrs 8emadette Cornlsh other Personnel Jacqui Reeves - Chief Executive Officer Charlty Numb•r 1156010 Prlnclpal Addre99 The Life House, Grasmere Terrace Columbia Tyne & Wear NE38 7LP Independent Examiner Michael Barnes ACA 2 Bonavlsta Drive Sundet1and Tyne & Wear SR4 9AP Page S
Washington Mind CIO Trustees. Report (continued) For The Year Ended 31 March 2025 Post Balance Sheet Events Project Goals 2025 - 2027 for each projecvpriority area.. The Life House: Community engagement will be top of our agenda working with our 5eNice users and wider community to ensure our seryices are current and meeting the needs of the public. We will accompllsh thls by the delivery of tornmunity groups and activities which will support the wellbeing of people of all ages. Our services will be enhanced by sharing community self-help and wellbeing resources including the use of social media, keeping innovative dlgltal resources remaining at the fore-front of our communities. Training.. The trainlng prtsject will be developed to meet the needs of the organisation and our community. We wlll further establlsh our trdining programme through the continuation of gur relationships with businesses, educational providers, organisations and commlssloners. A blended èpproach 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 artively work towards achleving key performance tsryets whilst continuing to offer an Incluslve and flexible service and high-quality standard of care. We will maintain our British Association of Counselllng Professionals (BACP) Seryice Accreditation status and our staff will remaln commrtted to ongoing Continual Professional Development (CPDI. Young People's Projert.. We will continue to co-produ¢e a quality assured, community focused model to support mental wellness,. offertng free, accessible. holistic and young person centred support. We will work with partners to create opportunltles acros5 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 partnershrp with youn9 people Our People.. The people who use our services are our most valued resou, and we will ¢ontinue to co-produce and reconfigu our offer in order to meet their needs and preferences. Our competent and fully qualified team wlll contlnue to care deeply about the services they provide and the people who they work in partnership with Our Community.. We wlll contlnue wlth our commitment to delivering a community approach to mental health 5UPPOrt and suicide preventlon. A5 an active fflember of the voluntary and community sector, we will engage with our local community inCaSe understanding, ralse awareness and break down barrie for people experlenclng mental health issues. Our Offer.. An accredited quality assured service provider based In the local tomrnunity and aSsIble to all. Our support will include training and volunteering opportunities, ctstjnselling, the provision of a wellbeing focused venue with a comrnunity café and artlvlties, 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'5 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 charlty's resources ¢gntinue to be properly managed and safeguarded. with sufficient reserves to deliver safely. We will continue with our robust flnancSal monitoring systems to ensure that the Charity's resources contSnue to be property managed and safeguarded The trustees, report was approve(I by the board of tnjstees and slgned on Its behalf by,. Mr James Flldes Trustee 2411012025 Page 6
Washington Mind CIO Independent Examiner's Report to the Trustees of Washington Mind CIO For The Year Ended 31 March 2025 I report to the trustees on my examination of the accounts of Washington Mlnd CIO (the Trust) for the year ended 31 March 2025. Re$pon$ibilitie5 and Basis of Report As the charity trustees of the Trust you are responsible for the preparation of the accounts In accordance with the requlrements of the Charities Act 2011 {"the Act-l. I report in spect of my examlnation of the Trust'5 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 sertion 14515)(bl of the Att. Independent Examiner's Statement sin the Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in sertion 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. I have completed my examrnation. I confirm that no material matters have come to my attèntion in ry)nnettion with the examination giving me cause to believe that in any material respett.. l. accounting records were not kept in respect of the Trust as requlred by section 130 of the Art,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and eontents of accounts set out In the Charities (Accounts and Reports) Regulations 2008 other than any reQuirnent that the accounts give a 'true and fair view, whl¢h Is not a matter considered as part of an independent examlnatlon. I have n¢ egn¢erns 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. Michael Barnes ACA 2411012025 2 Bonavi5ta Drive Sunderland Tyne & Wear SR4 9AP Page 7
Washington Mind CIO Statement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable actlvltles.. Community Training Counselling Young People Other trading activities Investments 50,377 786,841 837,218 756,380 13,695 13,695 69,997 4,735 44,880 5.012 9,314 8,388 48,411 4,281 38,016 5,301 9,414 69,997 4,735 44,680 5,012 9,314 78,398 906,453 984,851 870,191 EXPENDITURE ON: Raising funds Charitable artivities.. Core Communlty Training Counselling Young People {1,4021 11.402) {4,4691 (17,050) {3,4591 (20,5091 (217,854) 1361,474) {361,4741 1297,9891 {109,731) (109,731) 152,7651 (262,359) (262,359) {19S,506) (269,7861 1269,7861 (213,106) (18,452) {1,006,8091 (1,025,261) (981,6891 59,946 {100,356) {40,410) 1111,4981 NET EXPENDITURE Transfers betsyeen fun¢Js 20 61,280 (61,2801 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total fund5 brought forward 121,226 1161,636) 140,410) (111,4981 173,063 897,880 1,070,943 1,182,441 TOTAL FUNDS CARRIED FORWARD 20 294,289 736,244 1,030,533 1,070,943 The notes on pages 12 to 21 form part of these financial statements. Page 8
Washington Mind CIO Comparative Statement of Financial Activities For The Year Ended 31 March 2025 2024 Unrestrlcted Restrlcted fund5 fund5 Tatal funds Note5 INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable a¢tivities'. Community Training Counselling Young People Other trading activitles Investments 156,503 599,877 756,380 8,388 48,411 4,281 38,016 5,301 8,388 48,411 4,281 38,016 5,301 9,414 9,414 165,917 704,274 870,191 EXPENDITURE ON: Raising funds Charitsble activitles.. Core Community Training Counselling Young People (4,4691 14,4691 {111,206) 1106,648) {217.854) (111,920) 1186,069} {297,989) 27 152,7921 (52,7651 8,230 {203,7361 (195,5061 (7,4881 (205,6181 1213,1061 {226,826) (754,863) 1981,689) P4ET (EXPENDITURE)/INCOMe 160,909) (50,589) 1111,498) Transfers between funds 20 105,565 1105,565) NET MOVEMENT IN FUNDS 44,656 {156,1541 {111,4981 RECONCILIATJON OF FUNDS: Total fund5 brought forward 128,407 1.054,034 1,182,441 TOTAL FUNDS CARRIED FORWARD 20 173,063 897,880 1,070,943 The notes on pages 12 to 21 form part of these flnancial statements. Page 9
Washington Mind CIO statement of Financial Position As At 31 March 2025 2025 2024 Unrestrlcted Restricted funds fund$ Total funds Total funds Note$ FIXED ASSETS Intangible Assets Tanglble Assets 13 887 95,494 887 95,494 5,998 114,432 14 96,381 96,381 120,430 CURRENT ASSETS Debtors Cash at bank and In hand Is 2,010 225,707 199,570 201,580 212,698 844,183 1,069,890 1,091,911 227,717 1,043,753 1,271,470 1,304,609 Creditors: Amounts Falllng Due Wlthln One Year 16 {29,809} 1266,3821 (296,191) {278,911) NET CURRENT ASSETS (LIABILrtIES) 197,908 777,371 975,279 1,025,698 TOTAL ASSEfs LESS CURRENT LIABIUTIES 294,289 777,371 1.071,660 1,146,128 Credltors: Amounts Falllng Due After More Than One Year 17 (41,127) 141,127) 175,185) NET ASSETS 294,289 736,244 1,030,533 1,070,943 FUNDS OF THE CHARITY e5trirted Funds Unrestrlcted Funds 736,244 294.289 697,880 173,063 TOTAL FUNDS 20 1,030,533 1,070,943 The financlal statements were approved by the board of tnJstees on 24 October 2025 and were Signed on Its behatf by.. Mr lames F(Ides Trustee The notes on pages 12 to 21 form part of these financial statements. Page 10
Washington Mind CIO statement of Cash Flows For The Year Ended 31 March 2025 2025 2024 as restated Notes Cash flows from operatlng actlvltles Net cash {u5ed inl/generated from operations (31,3351 108,287 Net cash (used Inl/generated from operatlng activlties 131,3351 108,287 Ca$h flows from lrtvestlng artlvitie$ Purchase of tangible assets Interest received 124,928} 9,414 9,314 Net cash generated fronV{used in) investing artivities 9,314 {15,5141 (Decreasel/increase in cash and cash equivalents Cash and cash equivalents at beginning of year (22,0211 1,091,911 92.773 999,139 Cash and cash equivalents at end of year 1,069,890 1,091,912 Page 11
Washington Mind CIO Notes to the Statement of Cash Flows For The Year Ended 31 March 2025 l. Re¢onclllatlon of expendlture to cash (used In)/generated from operatlons 2025 2024 as restated Net expenditure Adjustments for.. Interest income Amortisation of intangible assets Depreciation of tanglble assets Movements in working capital.. Decrease in trade and other debttsrs Decrease in trade and other creditors 140,410) (111,498) {9,3141 5,111 18,938 (9,4141 5,111 21,755 11,118 (16,7781 212,218 (9,885) Net cash {used in)/geneRted from operations (31.335) 108,287 2. Cash and ca$h equlvalents Cash and cash equivalents, as stated in the Statement of Cash Hows, lateS to the followin9 rtems in the Balance Sheet.. 2025 2024 as restated Cash at bank and In hand 1,069,890 1,091,911 3. Analysls of changes In net funds A$ at l Aprll Cash Ilows 2024 Asat31 March 2025 Cash at bank and In hand 1,091,911 {22,021) 1,069,890 Page 12
Washington Mind CIO Notes to the Financial Statements For The Year Ended 31 March 2025 l. Gener•1 Informatlon Washington Mind CIO is a charitable incorporated organisation registered wlth the Charity Commission, gIStered charity number 1156010. The principal address is The Life House, Grasmere Terra, Columbia, Tyne & Wear, NE38 7LP. 2. Accounting Pollcles 2.1. Basis of Preparation of Financial Staternents The financial statements have been prepared in accordan wlth the Charlties SOKP {FRS 1021 'Accountlng and eporting by Charities.. Statement of Recommended Prartice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20191" Flnanclal Reportrng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of [land, and the Charities Art 2011. The financial statements have been prepared to glve a 'true and fal vlew and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent requi to provide a 'true and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in Ortober 2019 rdther than the A¢counting and Reporting by Charities.. Statement of Recommended Prartlce effertlve from l April 2005 whlch has slnce been withdrawn. The charity is a Public Benefit Entity as defined by FRS 102, The financial statements are presented in pounds steding which is the functional currency of the chartty and are rounded to the nearest Él. 2.2. Golng Con¢ern Dl$dosure The trustees have not i¢Jentified any material uncertainties related to events or conditions that may cast signiflcant doubt about the charity's ability to continue as a going concern. 2.3. Fund Accounting Unrestrlcted funds can be used In a¢cordan¢e with the ¢haritable objertives at the discretion of the tnjstees. Designated ftjnds comprise unrestricted funds that have been set aside by the trustees for a speclfic purpose. Restricted funds are to be used ft)r speclflc purposes as lald down by the donor. Further explanatltsn gf the nature and purpose of each fund is included in the notes to the financial statements. 2.4. Incorning Resources All income is recognised once the chaty has entiuement to the Income, it is probable that the in¢rJme will be reiVed and the amount of income receivable can be measured reliably. Grants are included In the statement of flnancial athvities on a recelvable basls. 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. whe entitlement occurs before incorne is received, the income is accrued, Income tsx recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the tlme of the donation. Intome tax recoverable in relation to inve5trnent incorne is recognised at the time the investment income is receivable. 2.5. Resource5 Expended Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to actlvities. Where costs cannot be directly attrlbuted to particular aCvItIeS they have been allocated on a bas15 consistent with the use of the resources. Support Costs are those costs Incurred dlrectly In support of expendlture on the objerts of the charlty. including those incurred in connecbon with the administration of the charity and compliance with constituitional and statutory requirements. They are apportloned agalnst the actlvltles of the charlty Sn Ilne wlth the esUmated usage of those costs. Expenditu on charitable artivlties 5 incurred on d1CtlY undertaklng the activities whlch further the charity's objective5, as well as any associated support costs. All expendlture is Inclusive of irrecoverable VAT. Page 13
Washington Mind CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.6. Intanglble Flxed Assets and Amortlsatlon - Other Intanglble Other intangible assets are Computer Software. It is amortised to rncome and expenditure account over its estimated economic life of 5 years. Intangible assets costing £1,500 or more are capitalised and recognised when future economic beneftts are probable and the cost or value of the asset can be measured rellably. Intangible assets are Initlally recognised at cost. After recognitlon, under the cost model, Intangible assets are measured at cost less any accumulated amortisation and any accumulated Impalrment rosses. 2.7. Tanglble Frxed Assets and Depreclat5on Tangible fixed assets costing El,500 or more are capitalised and recognised when future econornic benefits are probable and the cost or value ef the asset can be measured reliably. Tanglble fixed assets are Inltially recognised at cost. After recognltlon, under the c05t model, tangTble fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be Included in the measurement of cost. Tangible fixed assets are measured at cost les5 accumulated depreciation and any accumulated impairment 1055es. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estr"mated residual value, over their expected useful lives on the followlng bases: Property Impmvements Equipment Motor Vehicles FiXre$ & Fittlngs Garden Projert IO% straight Ilne 330/0 Stralght Ilne 20% straight line IO% straight line IOWD Strai9ht line 2.8. Ca$h •nd Cash Equlvalents Cash and cash equivalertts are basic flnan¢ial assets and include ¢ash in hand and deposits held at call with banks, other short-term highly liquid Investments that mature In no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdraft5. 2.9. Financlal Instruments The charity only has financlal assets and financlal Ilabllities of a kind that qualify as basic financlal instruments. Baslc financlal instruments are inltially recognlsed at transartion value and subsequently measured at their settlement value, 2.10. Penslon$ The charity operates a defined pension contribution scherne. Contributions are charged to the Statement of Financial Attivities as they become payable in accordance with the rules of the scheme. 2.11. Operatln9 Leases Rentsls pald under operatlng leases are charged to the statement of financlal artivitie5 on a stralght line basis over the lease terni. 2.12. Flnanclal Instuments The charity only has financial assets and financial liabilities of a kind that qualify as basi£ financial instruments. Basic financial instruments are Initially recogni5ed at transaction value and subsequently rneasured at their settlement value. 2.13. Llabllities and Provlslons Liabilities a recognised when there is an obligation at the balance sheet date as a result of a past event, it 15 probable that a transfer of economic benefit wlll be required in settlement, and the amount of the setdernent can be estimated rellably. LlabllltSes are recognised at the amount that the charlty anticipates it wlll pay to settle the debt or the amount It has received as advanced payments for the good5 or services it must provide. 3. Income from Donatlons and Legades Page 14
Washington Mind CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2025 Unrestrlcted Restricted Total funds funds funds Donations and gifts Grants 35,067 15,310 35,067 802,151 786,841 50,377 786,841 837,218 2024 Unrestrirted Restrlrted Total fund• fund$ funds Donatlons and glfts Grants 46,673 109,83D 12,305 587,572 58,978 697,402 156,503 599,877 756,380 The followlng grants are Included within the total income from donations and legacies above.. 2025 Unrestrlcted Restrlrted funds funds Total funds NHS North East & North Cumbria ICB Sunderland Qty Council Cumbria, Northumberland, Tyne & Wear NHS Foundatin Trust MIND osellne Garfield Westion Foundation Slr James Knott National Lottery Community Foundatlon Other Barbour Foundatlon Kellett 332,167 132,205 232,050 64,986 332,167 132,205 232,050 64,986 8,750 8.750 5,000 1,560 5,000 7,631 10,000 9.362 6,071 10,000 9,362 15,310 786,841 802,151 2024 Unrestrlrted Restrlrt¢d fundi fundg Total fund$ NHS North East & North Cumbria ICB Sundedand City Council Cumbria, Northumberland, Tyne & Wear NHS Foundatln Trust MIND Roseline Garfield We5tit>n Foundation Sir James Knott National Lottery Community Foundation Other Barbour Foundation Kellett 35,000 2,980 195,280 135,426 216,064 34,493 1,500 230,280 138,406 216,064 34,493 21,500 6,250 5,000 4,809 40,600 20,000 6,250 5,000 4,609 40,600 109.830 587,572 697,402 Page 15
Washington Mind CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 4. Income from Other Tradlng Actlvltle 2025 Unrestrlcted Restrictsd funds funds Total funds Shop income 5,012 5,012 2024 Unrestrirted Restrlcted funds funds Total fund$ Shop income 5,301 5,301 5. Investment Income 2025 2024 Unrestrlrted Unrestricted fund$ funds Bank Interest recelvable 9,314 9,414 6. Net Inc¢me/(Expendltur¢) The net expenditure is stated after charylng/lcred1Ngl'. 202S 2024 Depreciation of tangible flxed assets - owned Amortlsatlon of Intsnglble fixed a$5ets 18,938 5,111 21,755 5.111 7, Analysls of Expendltur• 2025 Grant funding of Support artlvltles costs {see note 8) 15ee note 91 Actlvltle$ undertaken dlrectly Total Raislng funds Core Community Training Counselling Young People 1,402 7,601 246,343 82,731 235,359 242,786 1,402 20,509 361,474 109,731 262,359 269,786 12,908 26,995 27,000 27,000 27,000 88,136 816,222 88,136 120,903 1,025,261 Page 16
Washington Mind CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2024 Grant fundlng of Support activities 0Sts (see note 8) (see note 9) ActivitTes undertaken dir*rtly Totsl Ralslng funds Co Communlty Tralning Counselling Young People 4,469 142,785 211,324 43,711 184,280 193,944 4,469 217,854 297,989 52,765 195,506 213,106 75,069 15,194 9,054 11,226 19,162 71,471 780,513 71,471 129,705 981,689 8. Grants Payable 2025 2024 Grants to Grants to InstItiOnS Institution$ Communlty 88,136 71,471 Grants pald to institutions. included above, are a5 follows., 2025 2024 Sunderland MIND Headlight (44,068) (44.068) (35,7361 (35,7351 (88,136) (71,4711 9. Support Costs 2025 Young People Core Community Tralnlng Counmlllng Total Premlses expenses General adrninistration Depreciation Governan costs 5,273 12.754 2,786 6,182 5.275 12,756 2,785 6,184 5,275 12,756 2,765 6,184 5,275 12,756 2,785 6,184 21,098 51,022 24,049 24,734 12,908 12,908 26,995 27,000 27,000 27,000 120,903 Page 17
Washington Mind CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2024 Young People Core Communlty Tralnlng Counselllng Total Premlses expenses General administration Depreciation Governan costs 12,168 38,605 15,313 8,983 2,561 7,519 3,224 1,890 1,495 4,574 1,881 1,104 3,202 1,630 4,030 2,364 1,922 13,404 2,418 1,418 21,348 65,732 26,866 15,759 75,069 15,194 9,054 11,226 19.162 129,705 10. Independent Examlner's Remuneratlon 2025 2024 •$ rÈ$tated Independent examination of the finan¢ial statements 3,600 6,000 11. staff Costs Stsff costs were as follows.. 2025 2024 as r¢ststed Wages and salades Social security costs Other pension costs 621,072 50,709 31,011 598,775 46,063 28,913 702,792 673,751 No employees received employee benefits lexduding employer pension costs) for the reporting period of more than £60,000. 12. Average Number of Employees Average number of employees during the year was.. 25 {2024: 27) 13. Intangible Assets Computer Software Cost As at l April 2024 As at 31 March 2025 25,553 25,553 Am0rti5ation As at l April 2024 Provlded durlng the perfod 19,555 5,111 As at 31 March 2025 24,666 Net Book Value As at 31 March 2025 887 As at l April 2024 5,998 Page 18
Washington Mind CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 14. Tanglble Assets Land & Property Property Improvements Equipment Motor Vehlcles Garden Project Total Cost As at l Aprfl 2024 149,960 6,284 23,000 129,084 308,328 As at 31 March 2025 149,960 6,284 23,000 129,084 308,328 Depreclatlon As at l April 2024 Provided during the period 129,581 2,120 6,284 19,090 3,910 38,941 12,908 193,896 18,938 As at 31 March 2025 131,701 6,284 23,000 51,849 212,834 Net Book Value As at 31 March 2025 18,259 77,235 95,494 As at l Aprll 2024 20,379 3,910 90,143 114,432 15. Debtors 2025 2024 a5 re5t*ed Due within one year Trade debtors other debtors 199,570 2,010 210,802 1,896 201,580 212,698 16. Credltors: Amounts Falllng Due Wlthin One Year 2025 2024 as restated Trade credltors other creditors Taxation and so¢ial security Accnjals and deferred income 5,688 4,350 10,705 275,448 5,301 5,618 12,392 255,600 296,191 278,911 17. Credltors: Amounts Falllng Due After More Than One Year 2025 2024 as restated Accruals and deferred income 41,127 75,185 Page 19
Washington Mind CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 18. Deferred Income Deferred income movements in the year were as follows.. 2025 2024 Balance at the start of the period Income deferred in the current period Amounts released in income from prevlous peri¢ds 326,811 256,121 1270,422) 340,463 251,980 1265,6521 Balance at the end of the period 312,510 326,811 19. Penslon Commltments The chartty operates a def5ned contribution pension scheme. The assets of the scheme are held separately from those of the charity in an Independently administered fund. During the year the charge to the statement of financial artivities in respect of defined contribution scheme5 was £31,011 {2024'. £28,913). At the statement of financial positlon date contrlbutlons of É4.350 {2024.. £4,964) were due to the fund and are Included in reditors. 20. Movement In Fund$ Ag at l April 2024 Asat31 March 2025 Income Expendire Transfers Unrestricted funds General.. General unrestrirted fund De5ignated'. Redundancy 53,809 78,398 {18.452) (21,420) 92,335 119,254 82.700 201,954 Total unrestrlcted fund$ 173,063 78,398 118,452) 61,280 294,289 Restrlrted fund$ Community Young People Tralnlng Counselling 49,999 413,764 334,226 99,891 374,090 215,852 69,997 246,514 1361,4771 1269,7861 {114,053) {261.493) {27,099) {21,203) 14,473) {8,5051 35,513 338,627 285,697 76,407 Total restrlcted fund$ 897,880 906,453 {1,006,809) 161,2801 736,244 Total funds 1,070,943 984,851 (1,025,261) 1,030,533 As at l Aprll 2023 Asat31 March 2024 Income Expendlturn Transfers Unrn$trirted funds General: General unrestricted fund Designated.. 3,294 165,917 {213.981) 98,579 53,809 .CONTINUED Page 20
Washington Mind CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Llfe House Redundancy Garden Projert (2) 119,254 5,857 119,254 112,8431 6,986 125,113 112,845) 6,986 119,254 Total unrestrirted fund6 128,407 165,917 (226,826) 105,565 173,063 Restrlcted funds Cornrnunity Young People Trainlng Counselling 119,912 481,273 345,993 106,856 293,378 155,042 35,509 220,345 (319,284) 1199,2951 (42,026) {194,258) 144,0071 {23,2561 15,250) {33,052) 49,999 413,764 334,226 99,891 Total restrirted funds 1,054,034 704,274 {754,863) (105,565) 897,880 Totsl funds 1,182,441 870,191 1981,689) 1,070,943 21. Tran$artions with Trustees None of the tnjstees received any remuneration or any other benefits from an employment with the charlty or a related entity during the current or previous year. No trustee expenses have been incurred. 22. Related Party Dlsclosures There have been no related party transactions in the reporting period that require disclosure. Page 21