**Charity no. 1158926**
## **Mental Fight Club Report and Unaudited Financial Statements 30 April 2022**
**Mental Fight Club Reference and administrative details For the year ended 30 April 2022**
______________________________________________________________________
|**Charity number**|1158926||
|---|---|---|
|**Registered office**|CAN Mezzanine||
||7 - 14 Great Dover Street||
||London||
||SE1 4YR||
|**Operational address**|St George the Martyr||
||Borough High Street||
||London||
||SE1 1JA||
|**Trustees**|Martin Ball||
||Lamis Bayar||
||Robin Hatton-Gore resigned March 2022||
||Grace Smith||
||Dr Elinor Wyn Hynes||
|**Bankers**|NatWest Bank Plc|The Co-operative Bank Plc|
||London Bridge|PO Box 101|
||10 Southwark Street|1 Balloon Street|
||London Bridge|Manchester|
||SE1 1TT|M60 4EP|
|**Independent examiner**Godfrey Wilson Limited|||
||Chartered accountants and statutory auditors||
||5th Floor Mariner House||
||62 Prince Street||
||Bristol||
||BS1 4QD||
1
**Mental Fight Club Report of the trustees For the year ended 30 April 2022**
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Reference and administrative information set out on page 1 forms part of this report. The financial statements have been prepared on the accounting policies set out in note 1 to the financial statements and comply with the CIO's trust deed, applicable law, and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (effective January 2015).
## **GOVERNANCE AND STRUCTURE**
Founded, led and delivered by people with mental health experience, Mental Fight Club (MFC) exists as an openhearted collaboration between its teams, volunteers, and practitioners. With dedication, we work together to continue the high-quality delivery of Mental Fight Club’s projects. Our patrons’, partners’ and stakeholders’ unstinting support makes our work possible.
Mental Fight Club is a Charitable Incorporated Organisation (CIO) and its governing document is a constitution. There is a recruitment process for Trustees including an application process, interview, references and period of shadowing on the Trustees Board. At the start of the 2021/22 period, MFC’s five trustees were Lamis Bayar (Chair), Grace Smith (Treasurer), Robin Hatton-Gore, Martin Ball and Elinor Wyn Hynes. At the AGM Robin Hatton-Gore resigned as Trustee.
Our Annual General Meeting was held online on 8th March 2022 due to COVID restrictions.
## **PUBLIC BENEFIT STATEMENT**
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit and publication by Charity Commission "Charities and Public Benefit".
**Mental Fight Club** is a charity founded, led, and delivered by people with mental health experience. Its charitable objective is:
“The promotion of social inclusion amongst people who are socially excluded from society or parts thereof as a result of mental ill-health, through the provision of creative events which foster social connection and allow for the exploration of mental illness, recovery and well-being for all.”
In fulfillment of its charitable objective, Mental Fight Club has continued its creative and inclusive approach to project development and delivery throughout the year.
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**Mental Fight Club Report of the trustees For the year ended 30 April 2022**
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## **ACHIEVEMENTS AND PERFORMANCE**
The last year has been a challenging period for all and the charity has continued to provide services and also to guide its way through an uncertain funding climate. There is no doubt that this last year has been a difficult one, for society as a whole, for the charitable sector and for everyone’s mental health and wellbeing. We started the year in lockdown, with a roadmap back to something like normality, that lasted until June 2021. Throughout those months, Mental Fight Club continued to provide an online service of artistic events and support, via the Dragon Café every Monday and the Dragon Café in the City every other Wednesday. The artists and activity leaders, who continue to give their wonderful support to us all, reimagined their practice in order to continue to provide quality activities throughout this time.
Thanks to the work of many people and the support of our partners we have continued to provide excellent support to our Patrons. That continuity of connection is significant in itself. Yet, we have offered new activities and developed new ways to support people, as well as established new relationships that strengthen and enhance our work.
Regular activities and events such as the Dragon Café Singers, Dance and Share-works, selfmassage, chess and yoga were joined by practitioners new to us and while old favourites such as mindfulness, theatre groups and workshops, cartoons, animations, Pilates, walking and drawing, art classes, paper art and work- life balance classes to name just a few, continued.
Throughout Spring we were gardening for wellbeing with Damien Newman and nutrition sessions with Andrea from Balance Garden at Dragon Café in the City. We also worked with Dr Tamara Russell on mindfulness and the “Feed Your Dragon” sessions.
In July, we were delighted to host our first physical get together in Brockwell Park. Mindful of safety we chose an outdoor venue and were blessed with lovely weather. It was so good to see everyone together in a physical space again and everyone who attended really enjoyed the event with the Dragon Café singers and dancing. Also in July, we commissioned “Seeing Small Worlds” – a special article by photographer Olivia Hemingway where she focused on the connections between creativity and mental well-being.
Following our regular break in August, we had our first inside event at the historical home of the Dragon Café – the Church of St George The Martyr in Southwark. The crypt that held so many Dragon Café’s over the years is now re-purposed as a food co-operative so we started to look for other venues.
In September, through Dragon Café in the City, we presented a musical and historic Ballard Walk through the streets of Old London setting out from Shoe Lane Library and taking in Farringdon and The City. Themes explored included the birth of printing, Great Plague, poverty, prison and execution and the first performance of The Tempest.
On the 4[th] October, after months of planning, we presented the Globe On Tour’s production of Shakespeare’s “The Tempest” at Rudolf Steiner House. The talented cast unraveled these tales of lovers, exiles, dreamers, and wanderers, sharing what the Globe is all about – storytelling, laughter, tears, nature and of course, brilliant theater. With beautiful choreography, fantastic
3
**Mental Fight Club Report of the trustees For the year ended 30 April 2022**
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music and stories with real heart, this latest production left us bursting with joy. We look forward to collaborating with the Globe on Tour and the lovely people at Rudolf Steiner House again as they complete their refurbishment plans and re-opening as a theatre space.
We followed the production of “The Tempest” with The Globe Workshop at Shoe Lane Library where we learnt about the plot, characters and language of the play. Through active participation in exercises and games, this workshop encouraged us to explore Shakespeare’s play in a lively way.
Also in October, in honour of Black History Month we worked with Andy D’Cruz with his “Playful Drawing Workshops”. Andy produced two online workshops that explored key aspects of drawing from observation. The exercises taught us to look, and more importantly, to see. They gave us a glimpse of what it feels like to see with razor sharp concentration and sensitivity, when you see in this way you allow the drawing to take on a life of its own.
Early November saw us at a new venue as we held an inaugural event at Draper Hall for a Dragon Café Live Celebratory Event. In recognition of Black History Month our activities were focused on Music, Artists, and Dance forms which recognised and celebrated the importance of black history. Sessions included the Singing Group with Vivien Ellis, Ariella & Renzo’s Dance works and ended with a Special Performance by Helen McDonald of her self-devised piece “Time Travelling with the Jazz Queens”, listening to the iconic music of Billy Holiday, Ella Fitzgerald and Nina Simone, together with band leaders Duke Ellington, Dizzy Gillespie and Louis Armstrong.
Dragon Café In The City hosted two animation workshops as part of Movember. With Men In Mind at Shoe Lane Library working with artist and animator Reza Ben Gajra for two sessions, using different techniques and experiences to make short films.
We held very special in -person events in December 2021 and April 2022, to celebrate the completion of our creative journeys that Mental Fight Club began whilst still in the midst of lockdown. This work culminated in two showcase events showing a mesmerizing piece of filmed physical theatre in December and superb animation drawn accompanied by a song in April - devised, written, and performed by Mental Fight Club Patrons. Both the film and animation were facilitated, coordinated and produced by professional artists, film makers.
## **Winter Pressure Funding**
We ended 2021 and went into 2022 with a joint project with Self Management UK (SMUK) made possible by Southwark Clinical Commissioning Winter Pressure Funding.
We believe that this joint project is unique and is a combination of our respective services. SMUK provides co-produced peer led supported self-management courses nurturing mental wellbeing. The courses are delivered in groups and each course session covers a specific topic to help increase a person’s level of skills, knowledge and confidence in managing their condition. These courses are provided on a weekly basis for 4 weeks.
Following each supported self-management group MFC delivered a series of creative peer led sessions designed to complement the morning session including activities such as writing, poetry, breathing, mindfulness, theatre and expressive and immersive art.
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**Mental Fight Club Report of the trustees For the year ended 30 April 2022**
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## **Create, Relate, Integrate**
We commissioned and completed a number of projects funded by The Wellcome Trust. From an independent evaluation of the project….
“PATRONS & ARTISTS FELT EMPOWERED BY THE WORK”
During the project we worked with a group in Oxford who aspire to recreate a space much like The Dragon Café. Their aim was:
‘
.’ AH 2020
With funding from The Wellcome Trust, we were able to mentor and support The Looking Glass Project through a series of “Alice’s Tea Parties”. These parties were a great success and now the group is aiming to set up their own charity.
We successfully completed, recorded and expanded a theatre and film project led by Lee Hart with filmmaker Alice Carfrae on the theme of masks and emerging from lockdown called “Bound – Unbound – Boundless”. This includes a further film that explores the process of involving people in how play and games can lead to the breaking down of creative barriers, and act as a stepping stone to the creative theatrical process. Together we explored the physical embodiment of characters and created a shared gestural language giving some insight into the creative journey undertaken during the creation of the short films.
We commissioned Jason Brownlee to produce an event named “The Joys of a Child”. For this exhibition Jason produced an eclectic mix of 9 original paintings which were viewed in
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**Mental Fight Club Report of the trustees For the year ended 30 April 2022**
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conjunction with an original spoken word poem played via Bluetooth headphones, which resulted in a very personal experience, and an intimate understanding of the work on display. We were overwhelmed with the support and attendance from the local community for our first event in Plymouth.
We completed a project led by Vivien Ellis and our patrons. Originally started in 2019, this project adapted and changed to cope with the pandemic restrictions forced upon us all. The final result was “Our Journey” which brings together a creative collaboration of Dragon Café Patrons with skilled and supportive artists, merging artwork created by patrons, with animation and a song written and performed by The Dragon Café Singers led by Vivien Ellis. This was premiered at our live Dragon Café event on the 4th April.
We commissioned a one day exhibition of work created by artist Liaqat Rasul and exhibited in April. This was held at White Conduit Projects, a gallery in the heart of Islington, London near to where the artist is based. For this exhibition Liaqat created 8 pieces of sculptural mobile work that hung from the walls and ceiling of the gallery. With the changing light of the day, the breeze and movement in the gallery, these sculptures came to life by moving and creating shadows, movement and different elements of each face. This movement really brought the pieces to life and added another layer of interactivity to the exhibition. The private view held in the evening gave the audience the chance to interact with the work and hear from the artist about the background and the process behind the works being displayed. We were overwhelmed by the support and interest from people in the area, followers of Liaqat’s practice and our patrons.
## **FINANCIAL REVIEW**
For the year ended 30 April 2022 incoming resources were £179k (2021: £264k) and resources expended were £241k (2021: £223k), resulting in a deficit for the year of £61k (2021: surplus £41k). Total funds at 30 April 2022 were £136k (2020: £195k), of which £46k is held in restricted funds with £71k in unrestricted reserves and £19k as designated reserves. This was a planned deficit as it was the result of using restricted funding received in previous years to complete projects with the majority relating to The Wellcome Trust funded project “Create, Relate and Integrate”.
We continue to be funded mainly on an annual basis, although we also have some multi-year grants. Our current funders are:
- Better Bankside
- Borough, Bankside and Walworth Community Neighbourhood Funds
- City of London Corporation
- GVC Ladbrokes - London Community Foundation
- Lloyds Bank Foundation (3 years)
- London Borough of Southwark
- London Borough of Hackney
- London Community Response Fund - London Community Foundation
- Maudsley Charity
- People’s Postcode Lottery
- Salway Fund - London Community Foundation
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**Mental Fight Club Report of the trustees For the year ended 30 April 2022**
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- Southwark Clinical Commissioning Group
- Southwark Community Christmas 2021 - United St Saviours
- Surrey Dispensary
- The Cicely Northcote Trust
- The National Lottery Community Fund
- The Wellcome Trust
We want to express our thanks and gratitude to our funders and donors over the last year who have been so very supportive of our activities and providing flexibility in their funding to allow us to continue to provide our wellbeing activities online and returning to in person events.
## **Going Concern Statement**
The Trustees consider that the charity is likely to continue as a going concern for a period of at least 12 months from the date of which the financial statements are approved for the following reasons:
- MFC holds unrestricted reserves of £71k which is just over 3 months’ running costs
- MFC holds designated reserves of £19k ring fenced for MFC events
- MFC has a cash balance of £174k (As at August 2022)
The Trustees therefore consider it appropriate to adopt the going concern basis for the preparation of the accounts as detailed in note 1b to the financial statements.
## **Reserves policy**
We continue to be a going concern as we secure and apply for funding required to sustain and grow Mental Fight Club’s activities in 2023/24. Our reserves policy is to have a minimum of 3 months running costs in unrestricted funds, which is £60k. Our unrestricted reserves currently are £71k – which is 3.5 months running costs.
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**Mental Fight Club Report of the trustees For the year ended 30 April 2022**
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## **Risks**
Mental Fight Club has a risk policy and assessments which are reviewed by the Trustees. The principal risks and uncertainties identified by the charity are:
**----- Start of picture text -----**
Risk Mitigating action Controls in place
COVID 19 Providing a blended provision Updated Safeguarding policy
to mitigate the risks to including online events
Impact: ongoing risk beneficiaries’ and staff’s
to the mental health physical health.
of groups
Adopting an abundance of Ongoing monitoring of government
caution approach to risk. and public health policy, rules and
regulations as the Covid situation
Planning for uncertainty develops.
Economic Impact: Keeping financial position and Fundraising strategy and plan.
very highly fundraising approaches drawn Targeting a wide range of potential
competitive out pre-Covid under constant funders for
fundraising review.
landscape Mental Fight Club, including
Managing the charity’s ability to emergency and non-emergency
remain a going concern. funding.
Planning for uncertainty.
Dependency on small Increasing the number of staff Monitor delivery, progress and
number of staff and number of volunteers retention.
Reputational Risk: Devising new ways to Continued review of websites and
Conveying MFC’s communicate MFC’s use of social media.
vision and values achievements in the face of
continued global Platform consolidation taken place
unprecedented challenges.
**----- End of picture text -----**
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**Mental Fight Club Report of the trustees For the year ended 30 April 2022**
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## **PLANS FOR FUTURE PERIODS**
In a period of change, we have managed to improve and that is the confidence we take into further evolution of our work. We plan to continue with a blended provision with virtual and physical events.
As ever, and despite the concerns of the future cost of living increases we will continue to strategically develop our core areas of work:
- Building on our project success to refine and progress them yet further; Enhancing our development and training;
- Building on current partnerships and growing MFC’s collaborative framework; and Continuing to build relationships with local health and social care stakeholders to strategically shape mental health and wellbeing provision.
## **STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial
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**Mental Fight Club Report of the trustees For the year ended 30 April 2022**
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information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Independent examiners**
Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 30 October 2022 and signed on their behalf by
Grace Smith - Trustee
10
**Independent examiner's report To the trustees of Mental Fight Club**
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I report to the trustees on my examination of the accounts of Mental Fight Club (the CIO) for the year ended 30 April 2022, which are set out on pages 11 to 26.
## **Responsibilities and basis of report**
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act').
I report in respect of my examination of the CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1) accounting records were not kept in respect of the CIO as required by section 130 of the Act; 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 content of accounts set out in the Charities Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
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.
## **Rob Wilson FCA Member of the ICAEW**
For and on behalf of: **Godfrey Wilson Limited** Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
Date: 30 October 2022
11
**Mental Fight Club Statement of financial activities For the year ended 30 April 2022**
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|**Notes**
**Income from :**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments income
**Total Income**
**Expenditure on:**
Raising funds
Charitable activities
**Total Expenditure**
**7**
**Net Income/ (expenditure)**
**Transfer between funds**
**Net Movement in funds**
**Reconciliation of funds:**
Funds brought forward
**Funds carried forward**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**2022**
**Total Funds**
**2021**
£
£
£
£
1,306
-
1,306
73
25,402
152,162
177,564
262,773
-
-
-
400
309
-
309
306|
|---|---|
||**27,017**
**152,162**
**179,179**
**263,552**
1,591
1,591
4,055
15,858
223,419
239,277
218,893|
||**17,449**
**223,419**
**240,868**
**222,948**|
||**9,568**
**(71,257)**
**(61,689)**
**40,604**|
||-
-
-
-|
||**9,568**
**(71,257)**
**(61,689)**
**40,604**
80,388
116,970
197,358
156,754|
|||
||**89,957**
**45,713**
**135,669**
**197,358**|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 14 to the accounts.
12
**Mental Fight Club Balance sheet As at 30 April 2022**
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|Notes
**CURRENT ASSETS**
Debtors
11
Cash at bank and in hand:
Total current assets
CREDITORS: amounts falling due within
one year
12
**NET CURRENT ASSETS**
**NET ASSETS TOTALS**
13
**THE FUNDS OF THE CHARITY**
14
Restricted funds
Unrestricted funds
**TOTAL CHARITY FUNDS**|**2022**
**£**
**£**
**£**
-
10,000
155,899
203,243
155,899
213,243
(20,231)
(15,885)
135,669
135,669
45,713
89,957
**135,669**|**2021**
**£**
197,358|
|---|---|---|
||155,899
(20,231)||
||||
|||197,358|
|||116,970
80,388
**197,358**|
Approved by the trustees on 30 October 2022 and signed on their behalf by
Grace Smith - Trustee
13
**Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
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## **1. Accounting policies a) Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Mental Fight Club 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 accounting policy notes.
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of provision of contractual services is deferred until criteria for income recognition are met.
Income from the sale of goods and services is recognised when the risks and rewards of ownership have transferred.
## **d) Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
14
**Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
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On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **e) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## **f) Funds accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **g) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h) Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis:
Raising funds 6.6% Charitable activities 93.4%
## **i) Tangible fixed assets**
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Furniture and equipment 4 years straight line
Items of equipment are capitalised where the purchase price exceeds £500.
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**Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
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## **j) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **k) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **l) Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **m) 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 with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
## **n) Accounting estimates and key judgements**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note 1i) above.
16
**Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
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## **2 Prior year SOFA Comparison**
|**Income from :**
Donations and legacies
Charitable activities income
Other trading activities
Investments
Total Income
**Expenditure on:**
Raising funds
Charitable activities
Total Expenditure
Net Income for the year
Transfer between funds
Net Movement in funds
Reconciliation of funds:
Funds brought forward
Funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**2021**
£
£
£
73
-
73
37,000
225,773
262,773
400
-
400
306
-
306|
|---|---|
||37,779
225,773
263,552
4,055
-
4,055
14,052
204,841
218,893|
||18,107
204,841
222,948|
||**19,672**
**20,932**
**40,604**
-
-
-|
||19,672
20,932
40,604
60,716
96,038
156,754|
||80,388
116,970
197,358|
## **3 Income from donation and legacies**
|Donations and gifts
Gifts in Kind
**Total from donations and legacies**|**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**Total**
**2021**
**Total**
**£**
**£**
**£**
**£**
1,306
-
1,306
73
-
-
-
-|
|---|---|
||**1,306**
**-**
**1,306**
**73**|
All income from donations and legacies in 2021 was unrestricted.
17
**Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
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## **4 Income from charitable activities**
|Borough, Bankside and Walworth
Community Neighbourhood Funds
City of London Corporation
Lloyds Foundation
Salway Fund - London Community
Foundation
Southwark Council
Southwark NHS CCG
Southwark Mayor's Fund Christmas Fund
United St Saviours
Surrey Dispensary Fund
The National Lottery Community Fund
**Total from charitable activities**|**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**Total**
**£**
**£**
**£**
-
4,850
4,850
-
22,323
22,323
-
30,000
30,000
5,000
-
5,000
-
11,600
11,600
20,402
66,000
86,402
-
1,389
1,389
-
6,000
6,000
-
10,000
10,000|
|---|---|
||**25,402**
**152,162**
**177,564**|
18
**Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
______________________________________________________________________
|**Prior year comparative**
Baring Foundation
Better Bankside Business District
Borough, Bankside and Walworth Community
Neighbourhood Funds
Charities Aid Foundation
Cicely Northcote
City of London Corporation
Guys and St Thomas' Charity
London Funders
Lloyds Foundation
Maudsley Charity
PostCode Lottery
Salway Fund - London Community
Foundation
Southwark Council
Southwark NHS CCG
Southwark Healthy London Art Fund
Southwark Mayor's Fund
Surrey Dispensary Fund
The Fore
The Wellcome Trust
Woodward Trust
**Total from charitable activities**
**5 Income from other trading activities**|**Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**£**
**£**
**£**
12,000
-
12,000
-
500
500
-
3,763
3,763
-
4,606
4,606
-
3,000
3,000
-
40,000
40,000
-
22,524
22,524
-
30,468
30,468
-
29,767
29,767
-
2,559
2,559
-
15,600
15,600
5,000
-
5,000
-
9,250
9,250
20,000
-
20,000
-
5,280
5,280
-
1,300
1,300
-
9,450
9,450
-
3,500
3,500
-
43,206
43,206
-
1,000
1,000|
|---|---|
||**37,000**
**225,773**
**264,794**|
|||
|Dragon Café food and drink sales
New creative business streams
**Total from other trading activities**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**2022**
**2021**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
400|
|---|---|
||**-**
**-**
**-**
**400**|
All income from donations and legacies in 2021 was unrestricted.
19
**Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
______________________________________________________________________
## **6 Government grants**
The charitable company receives government grants, defined as funding from local authorities (Southwark Council), to fund charitable activities. The total value of such grants in the period ending 30 April 2022 was £11,600 (2021: £10,550). There are no unfulfilled conditions or contingencies attaching to these grants.
## **7 Total expenditure**
|**Total expenditure**||
|---|---|
|Programming and project - freelance
Creative team - freelance
Business developments
Activity costs
Dragon Café Refreshments
Rent
Accountancy
Volunteer expenses and training
Evaluation
Transport
Administration
Finance
Equipment and materials
Marketing
Allocation of support costs
**Total expenditure**|**Raising**
**funds**
**Charitable**
**activities**
**Support and**
**governance**
**costs**
**2022**
**Total**
**£**
**£**
**£**
**£**
-
33,057
11,187
44,243
-
32,634
-
32,634
-
75,931
-
75,931
-
44,965
-
44,965
-
595
-
595
-
7,767
-
7,767
-
-
8,339
8,339
-
17
-
17
-
10,741
10,741
-
357
-
357
1,451
7,069
542
9,061
-
-
1,200
1,200
-
3,005
-
3,005
-
2,013
-
2,013|
||1,451
218,150
21,268
240,868
140
21,127
(21,268)
-|
||**1,591**
**239,277**
**- 240,868**|
20
## **Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
______________________________________________________________________
|**Prior year comparative**
Programming and project - freelance
Creative team - freelance
Business developments
Activity costs
Dragon Café ingredients
Rent
Accountancy
Volunteer expenses and training
Transport
Administration
Finance
Equipment and materials
Marketing
Allocation of support costs
**Total expenditure**
**8**
**Net movement in funds**
This is stated after charging:
Trustees' reimburse expenses
Independent examination fee|**Raising**
**funds**
**Charitable**
**activities**
**Support and**
**governance**
**costs**
**2021**
**Total**
**£**
**£**
**£**
**£**
-
43,366
10,500
53,866
-
28,043
-
28,043
-
73,724
-
73,724
-
23,452
-
23,452
-
-
-
-
-
3,470
237
3,707
-
-
9,597
9,597
-
8,426
-
8,426
-
365
-
365
3,662
13,178
25
16,865
-
-
1,200
1,200
-
1,857
-
1,857
-
1,818
28
1,846|**Raising**
**funds**
**Charitable**
**activities**
**Support and**
**governance**
**costs**
**2021**
**Total**
**£**
**£**
**£**
**£**
-
43,366
10,500
53,866
-
28,043
-
28,043
-
73,724
-
73,724
-
23,452
-
23,452
-
-
-
-
-
3,470
237
3,707
-
-
9,597
9,597
-
8,426
-
8,426
-
365
-
365
3,662
13,178
25
16,865
-
-
1,200
1,200
-
1,857
-
1,857
-
1,818
28
1,846|
|---|---|---|
||3,662
197,699
393
21,194|21,587
222,948
(21,587)
-|
||**4,055**
**218,893**|**- 222,948**|
|||**2022**
**2021**
**£**
**£**
695
227
1,200
1,200|
|||**1,895**
**1,427**|
21
## **Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
______________________________________________________________________
## **9 Staff costs and numbers**
|**Staff costs and numbers**||
|---|---|
|Salaries and wages
Social security costs
Pension cost (defined contribution scheme)
Freelance staff
**Average head count in the year**
Staff member
Freelancer|**2022**
**2021**
**£**
**£**
43,704
-
-
-
1,311
-
47,140
60,760|
||**92,155**
**60,760**|
||**2022**
**2021**
**£**
**£**
2
1
1
2|
||**3**
**3**|
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of the charity comprise the Trustees and the Development Director. The total employee benefits of the key management personnel were £47,160 (2021: £60,760).
## **10 Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## **11 Debtors**
|Other debtors|**2022**
**2021**
**£**
**£**
-
10,000|
|---|---|
||**-**
**10,000**|
## **12 Creditors: amounts falling**
|Trade creditors
Accruals|**2022**
**2021**
**£**
**£**
19,031
14,547
1,200
1,338|
|---|---|
||**20,231**
**15,885**|
22
**Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
______________________________________________________________________
## **13 Analysis of net assets between funds**
|Fixed assets
Current assets
Current liabilities
**Net assets at 30 April 2022**
Fixed assets
Current assets
Current liabilities
**Net assets at 30 April 2021**
**14 Movements in funds**
**Unrestricted Funds**
Designated Funds
General funds
Total unrestricted funds
**Restricted Funds**
Better Bankside
Borough, Bankside and Walworth
Community Neighbourhood Funds
City of London Corporation
GVC Ladbrokes -London Community
Foundation
London Borough of Hackney
London Borough of Southwark
London Community Response Fund -
London Community Foundation
Lloyds Bank Foundation
Maudsley Charity|**Unrestricted**
**General**
**Unrestricted**
**Designated**
**Restricted**
**2022**
**Total**
**£**
**£**
**£**
**£**
-
-
-
-
110,187
19,000
45,713
155,899
(20,231)
-
-
(20,231)|
|---|---|
||**89,956**
**19,000**
**45,713**
**135,669**|
||**Unrestricted**
**General**
**Unrestricted**
**Designated**
**Restricted**
**2021**
**Total**
**£**
**£**
**£**
**£**
-
-
-
-
77,273
19,000
116,970
213,243
(15,885)
-
(15,885)|
||**61,388**
**19,000**
**116,970**
**197,358**|
||**At 1 May**
**2021**
**Income**
**Expenditure**
**At 30 April**
**2022**
**£**
**£**
**£**
**£**
19,000
-
-
19,000
61,388
27,017
(17,449)
70,956|
||80,388
27,017
(17,449)
89,956|
||372
-
(372)
-
-
4,850
(4,850)
-
10,673
22,323
(16,973)
16,023
921
-
(921)
-
4,690
-
-
4,690
-
11,600
(11,600)
-
10,000
-
(10,000)
-
-
30,000
(15,000)
15,000
1,216
-
(1,216)
-|
23
## **Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
______________________________________________________________________
|People's Postcode Lottery
Southwark Community Christmas 2021
Southwark NHS CCG
Surrey Dispensary
The Cicely Northcote Trust
The National Lottery Community Fund
The Wellcome Trust
Total restricted Fund
Total funds|15,600
-
(15,600)
-
-
1,389
(1,389)
-
-
66,000
(66,000)
-
-
6,000
(6,000)
-
3,000
-
(3,000)
-
10,000
-
10,000
70,498
-
(70,498)
-|
|---|---|
||116,970
152,162
(223,419)
45,713|
|||
||**197,358**
**179,179**
**(240,868)**
**135,669**|
## **Purpose of the restricted funds**
Better Bankside
Borough, Bankside and Walworth Community Neighbourhood Funds
City of London Corporation
GVC Ladbrokes -London Community Foundation
London Borough of Hackney
London Borough of Southwark London Community Response Fund - London Community Foundation
Lloyds Bank Foundation
Maudsley Charity People's Postcode Lottery Southwark Community Christmas 2021
Southwark NHS CCG Surrey Dispensary The Cicely Northcote Trust The National Lottery Community Fund
Digital Poverty Our Mind Matters
Running the Dragon Café in the City at Shoe Lane Library Wellbeing activities at The Dragon Cafe
Supporting Wellbeing in Small businesses in the City of London The Dragon Café Virtual Dragon Café Funds
Supporting the sustainability of Mental Fight Club and projects Wellbeing activities at The Dragon Cafe Wellbeing events in the City of London The Dragon Café activities over the Christmas period of 2021 Supporting Winter Pressures in Southwark Dragon Café activities Dragon Café activities Dragon Café activities
The Wellcome Trust
Create, Relate, Integrate -Lived Experience and researchers working together
**Purposes of designated funds:** Designated funds of £19k ring fenced for MFC events.
24
**Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
______________________________________________________________________
|**Prior year comparative**
**Unrestricted Funds**
Designated Funds
General funds
Total unrestricted funds
**Restricted Funds**
Better Bankside
Borough, Bankside and Walworth
Community Neighbourhood Funds
Charities Aid Foundation
City of London Corporation
Good Neighbourhood Fund - London
Community Foundation
Guy's and St Thomas' Charity
GVC Ladbrokes -London Community
Foundation
Healthy London Partnership
Lloyds Bank Foundation
London Borough of Hackney
London Borough of Southwark
London Community Response Fund -
London Community Foundation
Maudsley Charity
Peabody Trust - London Community
Foundation
People's Postcode Lottery
Southwark Community Christmas 2020
Surrey Dispensary
The Cicely Northcote Trust
The Fore
The Mercers' Company
The Tudor Trust
The Wellcome Trust
The Woodland Trust
Total restricted Fund|**At 1 May**
**2020**
**Income Expenditure**
**Funds**
**transfer**
**At 30**
**April**
**2021**
**£**
**£**
**£**
**£**
-
-
-
19,000
19,000
60,716
37,779
(18,107) (19,000)
61,388|
|---|---|
||60,716
37,779
(18,107)
-
80,388|
||-
500
(128)
-
372
4,300
3,763
(8,063)
-
-
-
4,606
(4,606)
-
-
2,903
40,000
(32,230)
-
10,673
2,727
-
(2,727)
-
-
13,548
22,524
(36,072)
-
-
9,450
-
(8,529)
-
921
-
5,280
(5,280)
-
-
29,767
(29,767)
-
-
5,451
-
(761)
-
4,690
-
9,250
(9,250)
-
-
-
30,468
(20,468)
-
10,000
1,216
2,559
(2,559)
-
1,216
1,178
-
(1,178)
-
-
-
15,600
-
-
15,600
-
1,300
(1,300)
-
-
9,450
(9,450)
-
-
3,000
3,000
-
3,500
(3,500)
-
-
5,392
-
(5,392)
-
-
3,000
-
(3,000)
**-**
**-**
46,873
43,206
(19,581)
-
70,498
-
1,000
(1,000)
-|
||96,038
225,773
(204,841)
-
116,970|
|Total funds|156,754
263,552
(222,948)
-
197,358|
25
**Mental Fight Club Notes to the financial statements For the year ended 30 April 2022**
______________________________________________________________________
## **15 Related party transactions**
There were no related party transactions during the current or prior reporting period.
## **16 Financial instruments**
|**Financial instruments**||
|---|---|
|Financial assets measured at amortised cost
Financial liabilities measured at amortised cost|**2022**
**2021**
**£**
**£**
155,899
213,243
(20,231)
(15,885)|
||**135,669**
**197,358**|
Financial assets measured at amortised cost comprise cash and cash equivalents, trade debtors, accrued income and other debtors.
Financial liabilities measured at amortised cost comprise trade creditors, accruals, deferred income and other creditors
26