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2021-03-31-accounts

Charity number: 1167328

MID KENT MIND

Unaudited

Trustees' Report and Financial Statements

For the Year Ended 31 March 2021

MID KENT MIND

Contents

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 6
Trustees' Responsibilities Statement 7
Independent Examiner's Report 8 - 9
Statement of Financial Activities 10
Balance Sheet 11
Statement of Cash Flows 12
Notes to the Financial Statements 13 - 24

MID KENT MIND

Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 31 March 2021

Trustees Philip Fuller, Chair
Zak Khan, Vice Chair
Hazel Webb, Treasurer
Donal Watkin
Lewis Stephen Kinch (appointed 15 July 2020)
James Godfrey (appointed 29 September 2020)
Jennifer Parris
Paul Murray (appointed 29 September 2020)
Charity registered
number
1167328
Principal office
23 College Road
Maidstone
Kent
ME15 6YH
Chief executive officer
Julie Blackmore
Accountants
Williams Giles Professional Services Ltd
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

Page 1

MID KENT MIND

Trustees' Report For the Year Ended 31 March 2021

The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2020 to 31 March 2021.

Objectives and activities

a. Policies and objectives

The key objectives of the charity are;

a) to promote the preservation of good mental health in particular by enabling and empowering everyone experiencing mental health problems to live with, manage and recover from their condition.

b) to relieve the needs of people with mental health problems by working to increase the understanding of mental health and mental health problems by gathering and disseminating information and working to raise awareness, promote understanding and challenge stigma and discrimination.

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)'.

Page 2

MID KENT MIND

Trustees' Report (continued) For the Year Ended 31 March 2021

Objectives and activities (continued)

b. Strategies for achieving objectives

Mid Kent Mind's Strategic Plan 2021 to 2024 provides the strategic framework through which we will achieve our objective. We also have a business plan that details our key business objectives which is reviewed every 12 months.

The plan is based on our vision, mission and values.

Our Vision

Our Values

Our Goals

Priority 1: Ensure everyone in Mid Kent has equal opportunity to achieve positive mental health and wellbeing

Priority 2: Maintain and consistently improve quality of services

Monitoring and tracking outcomes to measure impact on individuals

Priority 3: Promote a positive working environment

Page 3

MID KENT MIND

Trustees' Report (continued) For the Year Ended 31 March 2021

Objectives and activities (continued)

c. Main activities undertaken to further the Charity's purposes for the public benefit

The main activities undertaken for the public benefit are as follows;

Achievements and performance

a. Main achievements of the Charity

MKM provides mental health support services to the core communities of Maidstone, Ashford and Swale and in partnership with other local Minds, across Kent.

The Charity has grown over the last 5 years to increase the number of beneficiaries able to access services, increase the amount and quality of services and has increased training opportunities for staff and volunteers.

New and existing partnerships have grown to extend our provisions and areas of specialised support.

b. Key performance indicators

The charity measures its performance by recording the number of people that access our services and those who have improved their levels of mental health and wellbeing. We also measure a number of outcomes that are set by our funders and commissioners, usually also linked to wellbeing levels. This year 1161 people have accessed our services over 14,000 times.

c. Review of activities

Despite difficulties faced by the Covid-19 pandemic, MK Mind were able to move the vast majority of their services into the virtual space and continue to provide essential services to members of the community. In these unprecedented times we have also developed new services to meet changing needs and even been able to offer virtual services to vulnerable people beyond our traditional geographic coverage.

Financial review

a. Going 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 4

MID KENT MIND

Trustees' Report (continued) For the Year Ended 31 March 2021

b. Reserves policy

We are obliged to hold three months full operating costs as restricted reserves by the Charity Commission.

MK Mind trustees have set their aim to have a full year of operating costs and redundancy/shutdown costs restricted in reserves as our service users are from an extremely vulnerable section of the community and it was felt that one year to help them all get alternative access to support in place would be prudent should we be in the position that our income ceases.

Structure, governance and management

a. Constitution

Mid Kent Mind is a registered charity, number 1167328, and is constituted under a Charitable Incorporated Organisation, (CIO).

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. A trustee cannot be voted in for more than three consecutive terms.

In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Officer roles must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees with the role of chairperson being held for a maximum of three years. A chairperson cannot be voted in for more than two consecutive terms in the role.

c. Pay policy for key management personnel

The trustees give their time freely and no trustee received remuneration in the year. Details of trustee expenses are disclosed in note 11 to the accounts. The pay of the senior staff is reviewed annually and benchmarked against pay levels in other charities of similar size. The pay of senior staff is reviewed and set annually.

d. Financial risk management

The Trustees regularly assess the major risks to which the Charity is exposed and remain satisfied that systems and procedures are in place to mitigate exposure to the major risks. However, given the specific impact of the Covid-19 pandemic during 2020 on the charity (from a financial, operational and human resource perspective), the Board maintained regular virtual meetings during this period to identify significant issues as they arose and agree actions with the Chief Executive to mitigate their impact.

Page 5

MID KENT MIND

Trustees' Report (continued) For the Year Ended 31 March 2021

Structure, governance and management (continued)

Funds held as custodian

No funds are held by Mid Kent Mind as a custodian.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Philip Fuller (Chair of Trustees)

Date: 4th August 2021

Page 6

MID KENT MIND

Statement of Trustees' responsibilities For the Year Ended 31 March 2021

The Trustees are responsible for preparing the Trustees' 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 application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

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 that 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 and signed on its behalf by:

Philip Fuller (Chair of Trustees)

Date: 4th August 2021

Page 7

MID KENT MIND

Independent Examiner's Report For the Year Ended 31 March 2021

Independent Examiner's Report to the Trustees of Mid Kent Mind ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance 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 Examiner's 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 I am qualified to undertake the examination because I am a member of ACCA, 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.

I 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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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.

Page 8

MID KENT MIND

Independent Examiner's Report (continued) For the Year Ended 31 March 2021

This report is made solely to the Charity's 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 Charity's Trustees those matters I am required to state 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's Trustees as a body, for my work or for this report.

Signed: Dated:

Alex Ffrench

FCCA DChA

Williams Giles Professional Services Ltd 12 Conqueror Court Sittingbourne Kent ME10 5BH

Page 9

MID KENT MIND

Statement of financial activities For the Year Ended 31 March 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
28,152
32,084
217
836
61,289
-
-
61,289
-
61,289
61,289		 Restricted
funds
2021
£
56,572
655,046
-
-
711,618
689,917
689,917
21,701
680,668
21,701
702,369		 Total
funds
2021
£
84,724
687,130
217
836
772,907
689,917
689,917
82,990
680,668
82,990
763,658		 Total
funds
2020
£
362,641
367,010
952
630
731,233
630,267
630,267
100,966
579,702
100,966
680,668

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 24 form part of these financial statements.

Page 10

MID KENT MIND

Balance Sheet As at 31 March 2021

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 38,861
548,328
587,189
(86,029)		 2021
£
262,498
262,498
501,160
763,658
702,369
61,289
763,658		 4,375
433,400
437,775
(19,605)		 2020
£
262,498
262,498
418,170
680,668
680,668
-
680,668

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Philip Fuller (Chair of Trustees)

Date: 4th August 2021

The notes on pages 13 to 24 form part of these financial statements.

Page 11

MID KENT MIND

Statement of Cash Flows For the Year Ended 31 March 2021

Cash flows from operating activities
Net cash used in operating activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 13 to 24 form part of these financial statements		 2021
£
114,928
114,928
433,400
548,328		 2020
£
118,426
118,426
314,974
433,400

Page 12

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

1. General information

Mid Kent Mind is a charitable incorporated organisation registed in England. The registered office of the charity is 23 College Road, Maidstone, Kent, ME15 6YH.

2. Accounting policies

2.1 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) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true 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.

Mid Kent Mind 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.

2.2 Income

All income is recognised 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 basis. 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 investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Page 13

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

2. Accounting policies (continued)

2.3 Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

2.4 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 institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 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 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.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

2.6 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.

2.7 Cash at bank and in hand

Cash at bank and 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.

2.8 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.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.9 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 measured at amortised cost using the effective interest method.

Page 14

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

2. Accounting policies (continued)

2.10 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.

2.11 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.

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.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted
funds
2021
£
Donations
28,152
Grants
-
Total 2021
28,152
Total 2020
59,336		 Restricted
funds
2021
£
-
56,572
56,572
303,305		 Total
funds
2021
£
28,152
56,572
84,724
362,641		 Total
funds
2020
£
59,336
303,305
362,641

4. Income from charitable activities

Unrestricted
funds
2021
£
Mental Health Services
32,084
Youth Services
-
32,084
Total 2020
50,527		 Restricted
funds
2021
£
655,046
-
655,046
316,483		 Total
funds
2021
£
687,130
-
687,130
367,010		 Total
funds
2020
£
357,150
9,860
367,010

Page 15

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

5. Investment income

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Bank interest 217 217 952

6. Other incoming resources

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Other income 836 836 630

7. Analysis of expenditure on charitable activities Summary by fund type

Restricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Mental Health Services 689,917 689,917 630,267

8. Analysis of expenditure by activities

Training Service
Total 2020		 Activities
undertaken
directly
2021
£
541,296
472,670		 Support
costs
2021
£
148,621
157,597		 Total
funds
2021
£
689,917
630,267		 Total
funds
2020
£
630,267

Page 16

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Training and local projects
Professional fees		 Mental
Health
Services
2021
£
521,969
9,449
9,878
541,296		 Total
funds
2021
£
521,969
9,449
9,878
541,296		 Total
funds
2020
£
418,338
19,858
34,474
472,670

Analysis of support costs

Advertising
Marketing
Room hire
Water rates
General rates
Subscriptions
Bank charges
Waste management
Training
Light, heat and power
Travelling costs
Printing, postage and stationery
Telephone expenses
Computer software and maintenance
Repairs and renewals
Insurance
General office and sundry costs
Other staff costs
Governance costs		 Mental
Health
Services
2021
£
538
360
149
403
-
1,536
580
1,729
17,615
2,639
1,149
8,268
4,813
43,636
45,730
3,560
3,303
1,277
11,336
148,621		 Total
funds
2021
£
538
360
149
403
-
1,536
580
1,729
17,615
2,639
1,149
8,268
4,813
43,636
45,730
3,560
3,303
1,277
11,336
148,621		 Total
funds
2020
£
884
464
4,903
440
498
1,307
680
1,792
10,817
4,470
14,365
6,537
3,551
34,790
15,928
2,131
2,805
14,190
37,045
157,597

Page 17

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

9. Independent examiner's remuneration

2021 2020
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 2,700 1,260

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
477,331
36,544
8,094
521,969		 2020
£
385,880
25,237
7,221
418,338

The average number of persons employed by the Charity during the year was as follows:

Administrative
Wellbeing and community development workers		 2021
No.
9
17
26		 2020
No.
8
13
21

No employee received remuneration amounting to more than £60,000 in either year.

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - £NIL) .

Page 18

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

12. Tangible fixed assets

Cost or valuation
At 1 April 2020
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Freehold
property
£
262,498
262,498
262,498
262,498

When the Freehold property is sold, the proceeds must be repaid to the Health Authority and Local Council, who will then advance funds to purchase a replacement property.

13. Debtors

Due within one year
Trade debtors		 2021
£
38,861
38,861		 2020
£
4,375
4,375

Page 19

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

14. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Resources deferred during the year		 2021
£
6,283
10,728
2,032
66,986
86,029
2021
£
64,286		 2020
£
8,718
6,499
4,388
-
19,605
2020
£
-

Deferred income relates to funding from Shaw Trust in relation to an ongoing mental health project for the local area.

Page 20

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

15. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Restricted funds
Restricted Fund
Kent Minds Grant
Total of funds		 Balance at 1
April 2020
£
-
680,668
-
680,668
680,668		 Income
£
61,289
705,413
6,205
711,618
772,907		 Expenditure
£
-
(689,917)
-
(689,917)
(689,917)		 Balance at
31 March
2021
£
61,289
696,164
6,205
702,369
763,658

Page 21

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

15. Statement of funds (continued) Statement of funds - prior year

Balance at
Balance at 31 March
1 April 2019 Income Expenditure 2020
£ £ £ £
Restricted funds
Restricted Fund 579,702 731,233 (630,267) 680,668

Page 22

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

16. Summary of funds

Summary of funds - current year

Balance at 1
April 2020
£
Income
£
General funds
-
61,289
Restricted funds
680,668
711,618
680,668
772,907
Summary of funds - prior year
Balance at
1 April 2019
£
Income
£
Restricted funds
579,702
731,233
17.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2021
£
Tangible fixed assets
-
Current assets
61,289
Creditors due within one year
-
Total
61,289
Analysis of net assets between funds - prior year
Tangible fixed assets
Current assets
Creditors due within one year
Total		 Expenditure
£
-
(689,917)
(689,917)
Expenditure
£
(630,267)
Restricted
funds
2021
£
262,498
525,900
(86,029)
702,369
Restricted
funds
2020
£
262,498
437,775
(19,605)
680,668		 Balance at
31 March
2021
£
61,289
702,369
763,658
Balance at
31 March
2020
£
680,668
Total
funds
2021
£
262,498
587,189
(86,029)
763,658
Total
funds
2020
£
262,498
437,775
(19,605)
680,668

Page 23

MID KENT MIND

Notes to the Financial Statements For the Year Ended 31 March 2021

18. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by operating activities
19.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
20.
Analysis of changes in net debt
At 1 April
2020
£
Cash at bank and in hand
433,400
433,400		 2021
£
82,990
(34,486)
66,424
114,928
2021
£
548,328
548,328
Cash flows
£
114,928
114,928		 2020
£
100,966
16,965
495
118,426
2020
£
433,400
433,400
At 31 March
2021
£
548,328
548,328

21. Pension commitments

The charity operates a defined contribution 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 contributions payable by the charity to the fund and amounted to £8,094 (2020 - £7,221), amounts totalling £1,844 (2020 - £1,430) were payable to the fund at the balance sheet date and are included in creditors.

22. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2021.

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