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← Mid Kent Mind

2024-03-31-accounts

Cbarity registration mumber 1167328 MID KENT MIND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Mid Kent Quality Mark

MID KENT MIND LEGALAND ADMINISTRATIVE INFORMATION Trll$tees D Watkin V Edwards C Eastwood J Lang P Miller P Miller R Collins K Wright B 14ostead R Aiiti {Apptsinted 23 May 2024) {Appoint¢d 23 May 2024) {Appointed 23 May 2024) {Appoinled 23 May 20241 CEO Henu Cummins Charity nuTnber 1167328 Principal address 23 College Road Maidston¢ Kent ME15 6YH Jndependent examiner Da￿t￿ Ilarding AC.A FC.CA tKhA Richard Place Dobson Services Limiied 1-7 Station Road Crawley West Sussex RHIO IHT Bankers Th¢ Co-operative Bank Skelmersdale Lancashirc WN8 6WT

MID KENT MIND CONTENTS Page Trustees, report Independent examiner's report Stat¢ment of financial activiti¢s Balan¢¢ sheet 10 Statement of cash flows Notes to rhc financial statements

MID KENT MIND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 21124 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepar¢d in accordance with th¢ accounting policies s¢t out in noie I to the financial staiements and comply with ihe charity's Memorandum and Articles of Association, the Chatilies Act 2011 and "Accounting and Rcporting by Charities.. Statcmeni ofRecommend¢d Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (Cffective l January 2019). Obje¢tii'es and activities Our Vision Our vision is. A comtnunity where everyone has access to mental health support and guidance io live rich and fulfilled liv¢s where they feel connected and are able to meaningfully contribute to sociery." Our Objectives The key objectives of the Chariry are. a} to promo(e the prescryation of good mental health in particular by Cnabling and empowering ¢vcryone experiencing mental health problems to live with, manage and rccover from their condition. b) to relieve the needs of people with mental h¢alth problems by working to increase the understanding of mental health and mcntal health problems by gathering and disseminating infomiation and working to raise awareness, promote underscanding and challenge stigma and discrimination. In sctting objectives and planning for activities. th¢ Trugtees confirn) thcy have complied with th¢ r¢quiremenis of section 4 of the Charities Act 2011 and have given duc consideraiion to th£ general guidance published by the Charity Commission relating to public b¢ncfJt, including thc guidance 'Public benefit-. running a ehariry (P132)'. Maim actii'itie5 V￿dert*ken to further the Charity's purposes for the publÉc beD¢fit Mid Kent Mind is an esiablishcd provider Of mental h¢alth services. and during the financEal year 2023 to 2024. worked across Maidston¢, Ashford and Swale latioss Kent and Medway for the county-wide Suicide PTcv¢ntion and Mental Health Awareness tratning) to provide support across the following main groups of services and activities.. Location royided Maidsione, Ashford and Sivale Maidstone and Ashford Kent and Medway (with the support of oth¢r Minds in Kent) Maidstonc. A5hford and Swale Maidstone Maidsronc, A.￿hF0rd and Swale Wellbeing supporl (Adult and Youth) Crisislwellbcing c3fes Suicide Prevcntion and Mentsl Health Awaieness training Talking thciapies S ecialist counselling Outr¢ach and communiry eng8gernent Aehievements perform8nce Mid Kent Mind provid¢5 menial health support services to th¢ cor¢ con]munits'es of Maidstone, Ashford and Swal¢ ond in partnership with other local Minds. across Kent. Peopl¢ benefit from having considerable control and choice io access the support that is more relevani and appropriate to them. We have workcd tirelessly to ensure our services are ttuly co-produced by thosc that use it and we hav¢ made considerable strides to ensure all member5 of the community feel our services are accessible and inclusive. Key performaTrre indicators Mid Kent Mind measures its perfomjance by rccording the number of p¢ople rhat access OUT s¢rvices and those who bavc improved their lcvels of mental health and wellbeing. Additionally, outcomes set by thnders and commissioners are also measured. pa¥e I

MID KENT IIIIND TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In the financial year 2023 to 2024 there were over 12.1)00 attendances across all Mid K¢nt Mind's services with 5,134 individuals supported (2022 to 2023 4,643 individuals). The wellbeing drop-in service saw 1,659 attendances with 78 /0 reporting that it helped reduce feelings of isolation. 1,020 phone calls were answered proi'iding immediate support wh¢ther to an adult experiencing suicidal idealion or low mood, r a parent wh05e young person is struggling and has been unable to access timely fupport. Youth setvices reached 1,537 children and young people providing a range of activities including 1-2-1 and group Cognitive Behavioural Coaching (CBC) Courscs as well as one off workshops. 51 young people benefited from a Wellbeing and Rcsilienee Action Plan (WRAP), intet]sive 1-2-1 weekly interventions tailor¢d to their needs and repr¢senting 255 hours of wellbeing support. 90/• of attendees repi)rted they felt better able to manage their Tnental health and wellbeing. Our volunteer counsellors donated 3.850 hours of volunteering support to Mid Kent Mind, this is a cash equivalent of circa £56,710 when calculated on the Kent average earnings rate, d¢monstraiing a colossal retutn on investment. 1.933 individuals attended training and awaren¢ss courses aimed at helping people bettcr understand common mental health problems, how thcy can 5UPPOrt themsclves and others and what services exist in th¢ local area that can b¢nefi( them. 95 /0 of attendees on our Youth Mental Health and Suicide Awarcncss course reportcd their knowledge of suicide prevention had increased. 97 /0 of participants on our Everyday Mental Elealth course wcr¢ more aware of things th¢y could do to support theiT own mental health. 990/0 of attendees on OUT Adult Suicide Prevention course felt more confident in reducing suicide risk. Mid Kent Mind's community groups, acttvities and courses were accessed by 175 individuals. Th¢ sessions included a walking group; arts group., and c.oping wilh Life COUTS¢S. Thi5 year. we piloted specialist support for peTinatal individuals offering a walking group, Ivcllbeing workshops and 1-2-1 programm¢.% of individualised support. Menopausc Mind and Movement Courses were alsa trialed with 52 att¢ndees at the initial trial. IOOOlts of participants ieported thc M¢nopause Mind and Movement course laught them useful tethniques for Inanagin¥ siress and anxiety and l OOO/ts shar¢d that ihe movement elen)¢nt of ihe ses.%ions had positively impacted their mood. Review of activitie% The past year has been a y¢ar of significant change and growth for Mid Keni Mind. We have continued to develop our organisation and respond to the changing nceds of our communit1¢5. We have played a large role in shaping the wellbcing offer for the communities of Maidsionc, A.￿hr0[d and Swale. with a clear focus on cnsuring people remain at ihe heari of everything we do. W¢ know our people ccnteied approach will allow us to have ev¢n greater impact within our neighbourhoods. W¢ hav also strengihened our understanding and T¢2ch inio our communities, ensuring our p¢er support and wellbeing services are ¢ffectively reaching the areas of greatcst needs. We havc a150 sough¢ to develop our organisational infrastructure, creating new systems and posts io ensure we Tcmain robust and fit for purpose, both now and into the fi2ture. Working in partnership Collaborative working has been vital in helping Mid Kent Mind to deal with the ¢hallenges of the past y¢ar. Mid Keni Mind works collaboTatively with Integrat¢d Care Boards. local govemment bodies, o(her not-for-profit organisaiions and grass-roots community ¥ioups to ¢nsure we can offer a broad range of mental heal(h support and recovery io peopl¢ of all ages and backgrounds across our communities. Providing meaningful wraparound support for all our tlients has been possible because of support from our partners and w¢ are gratcfi]I to eN'eryon¢ who has partnered with us throughout this year and remain committed to buildit]g new partnersbips. ¢nabling us to make a long-term. sustainable difference to OUT communities. Volunteers We continu¢ to suppon our i'olunteer workforce who give their time to our services and projecis. We are proud of our volunteers, and value enormously the support they offer to both our organisarion and service users. Many of our volunteers ale ex-service user5 and their ability to progress into volunteering is an important n¢xl Step in their own personal recovery. page 2

IIqID KENT MIND TRUSTEES, REPORT (CONTINUED) FOR THE YEAR EJVDED 31 MARCH 2024 Thes¢ volunteers are also supported with broader Community and COTporate volunteers, and iogether, tb¢y make a huge impact on the volume and diversity of work w¢ can offer. We have also revi¢w¢d and updated our volurteer policy as part of the Mind Quality Mark process and are working to develop this furtber, so we can continue to develop and expand volunteering levels aeross ihe organisation. Fundralslng and donations Each year we are grateful to be 5UPPOrted by enthusiastic fundraisers who want to make a difference. This year was no different, with sgme iT]credible support from our conununity. We would like to thank Egerton Church of England Primary School; Invicta Grammar School; Little Voices Mid Kent. Maclnryre Hudson; Maidstone Grammar School; Maidstone Grammar School for Girls,. NCS Technology Ltd,. Thc Neighbourly Foundation; Reddico Ltd., South Eastem Carpentry Ltd.. Su7.ann¢ Ilowe Ctsmmunicaiions and Sweep Kuusakoski amongst others, for their support in th¢ past year. We were delight¢d to have partnered with Macknades in Faversham who chose us a5 their charity of the year. Th¢ support they have provided continues to have a lasting impact on the charity. In addition to raising over £4,400 for vital mental health s¢rvices, they haille donated over 120 hours of staff t1￿¢ transforniing our Wellbeing C.¢ntr¢ in Maidstone. They helped set up weekly wellbeing walks, hosted training and community groups and provided our 8taff and volunteers with wc¢kly fresh f￿7t. Our donors and fundraisers rai￿¢d nearly £31,000 in the year and although it would be impo.%f ible to list all our fundraisers and donors in this small spac¢, to ¢veryone who supportcd us year we would like to say thank you. You have helped us to make a huge differcn¢¢ in the local community. Financial reiiem. As at 31 March 2024, the charity held iotal funds of £807,382 {2023.. £708,106), of which £nil is restri¢t¢d and £807,382 Mr8S unrestricted. Toial income far the year was £803.744 with a net surplus being generaled for the year ended 31 March 2024 of £99,276 {2023= net deficil of £233,746). Th¢ n¢t Sllrplus for th¢ y¢ar is comprised of an unrestrict¢d surplus of £123,603 which will be added io unrestricted rcscrvcs and a restrictcd d¢fi¢it of £24,327. Reserves policy The Charity Commission's CC19 guidance Charity re5erves'. building resilicnce state5.. "There is no singl¢ level. or even a rat]ge of. res¢rv¢s th<lt is right for all ¢harities. Any target get by tru.%t¢es for (he level of reserv¢s to be held should rellect the particular circumstanccs of the individual charity. To do this, trustees need to know why the charity should hold reserv¢s and, having identificd thos¢ needs, the tnjstees should Consider how much should bc held to meet them. In th¢ current environment ￿,here grant funding has becomc more sparse and charities ar¢ campeting againsi each other for income like never b¢fore, the Trustees of Mid Kcnl Mind have taken the decision that the Charity work towards maintaining 12 months op¢rating cosls in their reserve5 along wi(h all other expenses that would need to be met in thc closure of ihe Charity. As Mid Kent Mind provide services to some of th¢ m05t vulnerable people in OUT community that are vital in them maintaining their wcllbcing and no1 meeting crisi.% poinls foi their mental hcalth, we believe that any loss of services would need lo Come with long iemi wjarning ovcr the period of a year so w¢ could assist everyone to transition to alternate providers where possibl¢ and protect them fFOm poÉenlial self-harni or suicide. Total fTe¢ reserves as at 31 Mawh 2024 were £515.763 being a ¢ontribution of 660/4 towards this policy. GfriDg COD¢¢rn Mid Kent Mind ivas unsuc¢¢5sful in renewing the contract for the provision of wellb¢ing support and crisis avoidance for adult5 within the community in Ashford and Maidstone, funded by NHS Kenl and Medway ICB. The contra¢t terrninated on 3 Isl March 2024 although funding for two addilional months has been confimjed. The contract rcpresenied 45 /0 Lif total income in th¢ year to 31 March 2024 {2023 25 /.). page 3

MID KENT MIND TRUSTEES, REPORT (CONTINUED) FOR THE YEAR EJVDED 31 MARCH 21124 The charity is in the process of seeking additional funding from other sources. whilst also taking th¢ opportunity to streamlit]e the scrviee provided and although the charity will expcrience a reduciion in funding; after making appropriate enquiries. the tThstees have a reasonabl¢ expectation that th¢ charity has adequat¢ resources to Continue in operational exisience for the foiegeeable future. For thi5 reason. they continue to adopt the going concern basis in preparing financial statements. Further details regarding the adoption of the going ctsncem basis can be found in the accounting policies. Funds held as £u5todian trustet No funds are held by Mid Kent Mind a5 a custodian. Plsns for (utvre periods Looking ahead. work is undcrway to devclop our new organisational straiegy with a Strotegy Away Day held on I l th Jun¢ 2024 which included all Trustees and members of slaff. In the past we have t3kcn a standard approach to developing a strat¢gy but given our complex operating environment w¢ have ernployed a Inor¢ flexible and dynamic process. This will put U5 in a beller position to deal with new challeng¢s and take advantsg¢ of new opportunitie8 a5 they emerge, whi15t continuing to be the leading voice in identifying, quanlifying, and evidencing solutions for all those ihai have a mental health issue in the Mid Kent area. Engagement wilh service users, staff and stakeholdcrs is instrumental in d¢terniining our prioritics for the years ahead and ensuring we continue to tak¢ furward the aspects that will most positively impact on the mental health needs of our communities. We will continue to proi'ide vital life changing support to our beneficiaTi¢S helping them to livc rich fulfilling lives, enabling th¢m to gel well. stay wcll and contribute meaningfijlly co society. W¢ do thts in the context of a changing commissionin¥ landscape with (he changes brought about by the Integrated Care Board as our lead Health commissioner. These initiatives will bring opportunities for Mid Kent Mind. but also funding challenges, particularly a5 resources are mor¢ stretched. We will continue to focus on fundraising, intome generotion and diversification. and engage wilh new audiences who support ur work. and we are investing in th¢ bpecialist skills and capabiliiies needed to support innovation aDd increase the number of beneficiaries we can help. We will always eontinue to engage our stakeholders at every level 10 ensure that we can Champion mental health suppon and ensur¢ ¢v¢ryolle experiencing a mental health issu¢ can Teceive support and Tespect. Strwctiirey gOver￿aRte and management The charity is 3 regisiered charity, number 1167328 and is constiluted und¢r a ChaTiiable Incorporated Organisation, {ClO). Th¢ trusiees who serv¢d duriTrg the year and Up io the date of signatUTe of the financial staten)enls were.. D Watkin L Kittch V Edwards C Eastwood J Lang P Miller P Miller R Collit]g K Wright B Ho.%tead R AiÉti IResigned 21 Febrnary 2024) (Appoinied 23 May 2024) {Appointed 23 May 2024) (Appoint¢d 23 May 2024) (Appointed 23 May 2024) page 4

MID KENT IVllND TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organisational struckn Mid Kent Mind Cnntinues to review and improve its organisational struC￿re in line with furth¢ring our strategic ambitions. The following orgAnisational Chart illustrates the current structur¢ at 31 March 2024. Charity management Th¢ Trustees manage the affai￿ of the charity and the Trnstee Boord mttts a minimum of four times a year. The Truslccs are ultimately r¢sponsible for all th¢ operational activities and developments of th¢ organisaiion. They have a particular responsibility for setting the strategic direetion and agreeing to and monitoring thc impact of policies and practic¢. The charity trnstees may d¢l¢gate any of iheir powers or functions to a committee or committe¢s, and, if they do. they shall d¢tern]ine the ternis and conditions on which the delegation is mad¢. The charity tnjstees may at any time alter thos¢ tcrnis and conditions or revoke the delegation. pa¥e 5

MID KENT MIND TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 The following sub-committe¢s are in the process of beirjg set up with specified areas of delegated authority.. "inance. risk & compliance sub-committc¢ Business developmenr sub40mmitt¢¢ People & quality sub-committee Each sub-committec M'ill consisi of ttvo or more persons, with at least one member of each sub-cornmirtee a chariry tNste¢. The tnastees shall frotn time to time review the arrangements which they have made for the delegation of their powers. Terms of Refcrence foi the Board and cach sub-committee arc reviem'ed annually.Th¢ r¢sponsibilities of manag¢rs and staff for day-to- day operations are set out in Mid Kenr Mind's scheme of delegation. Risk Asses5mtnt and Management Mid Kcnt Mind's Risk Regist¢r is Teviewed by the Board at every board meeting. This seis out how different initial risks are assessed in iern)s of prnbability a#d impact to geneFate a risk score to assess risk significance. For each risk, the control measure and remedial action plans 3T¢ used to detern)ine and then mitigate the level of residual risk. and for major decisions to assess risk appetite. Safeguarding practice, Daia Protection and Public Int¢rest Disclosure (whistleblowing) policies are reviewed annually. All staff undertake mandatory online safeguarding training in their first few days of employment and this i5 supplemented with in-person training on induction days. Recruitment and appointment •r election of Trllstees Mid Kent Mind is commiiied to being a diverse alld inclusive charity. We slrongly believ¢ that a dtverse board Can mak¢ better decisions, improve the qualily of govcrnance and increase public tru51. Board membcrs include both male and f¢malc, a range of ages, livcd experience of mcntal healih issues and div¢rse baekgrounds. We strive to represent the communities we exist to serv¢. To reach potential new trustees w¢ advertise online via a range of platfoms to reach a wide audi¢nc¢ These include.. our website, newsle1ter and social media platforms; th¢ Nalional Mind w¢bsJte: charity-secior-spccific recruitment plaifom)s' ond volunieer or truste¢-sp¢cifit recruitmcnt platforms. We a150 aim to reach potential trustees via networking, p¢rsonal recommendations and word of mouth. After shortlisling and intcrviewing. the successful applications are pre%cnted to the board lor revicw and approval. The applicanls will be asked to declaT¢ any conflicts of interesi and referenccs will be sought and DBS checks carried out. The Trustees are elected and Co-opted under ihe ternis of the ¢onslitution'. Apart froin the first charity Trusiees, every Trustee musl be appointed for a ttmi of three years by a resolution passed at a properly convcn¢d meeting of the charity TTuslees. A Trust¢e cannot be voted in for more than thTee consecutiN'e ienns. In selecting individuals for appoinlment as charity Trustees, th¢ charity Trustees must have regard to the skills, knowledge and experience needed for the effeclive administration of the CIO. Officer roles tnusi be appoint¢d for 3 terni of thre¢ ycars by a resolution pa55ed at a properly conv¢ned meeting of the charily Trustees with the rolc of chairperson being held for a maximum of three years. A chairpersork cannoi be voted in for more ihan two ¢ons¢cuthve tern￿ in the rol¢. Induction and training of Trustees Upon successful return of ihe DBS theck and before stsrting their position, trusiees undergo an induction with the Chair and CEO. During the induction timeframe, new trustees ar¢ provided with an inforniation pack, including.. MiDUtcs of previous board mectin¥s. A copy of ihe latest Trust¢¢s' Annual Report and statement of accounts. A copy of the curr¢nt vetsion of the consti￿tiOn. Access to all policies and procedures All trustees undertake mandatory online training. Pav policy for key management personnel The Trustees give theiT time freely and no Trustee received remuneration in ihe year. Detai15 of trustee expenses are disclosed in noie 10 to th¢ accounts. The pay ofkey management peTsol￿e1 is reviewed and s¢t annually. page 6

MID KENT MIND TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Mind Quality Mark Mid Kent Mind is delight¢d to have been awarded the Mind Quality Mark and receiving a highly commended for our robust risk management pro¢¢ss. The Mind Quality Mark {MQM) is a set of standards and an improvement framework us¢d by ihe Mind Federation, which includes national Mind, local Minds, and Mind shops. The MQM ensures that these organizations are well-run. legally compliant, and dcliv¢r safe and effectiv¢ serviceb for peopl¢ with mental health problems. The MQM covers four main themes.. Leadership and Goven)ance Finance and Policies Services and People 4. Influence and Engagement The Mind Quality Mark IMQM} offers several benefits lo Local Minds within the Mind Federalion= l. Trust and Credibility.. Achievin& the MQM demonstrates ibat an or&7anization is well-run, legally compliant. and capablc of delivering high-quality, safe. and cfftttive services. This builds trnst with s¢rvice users, donors. fimdcr5 alld commissioners. 2. Continuous Improvement.. The MQM serves a5 an improvement framework, encouraging organizations to continuously ¢tthance their servi¢¢s and operations. This ensures that th¢y remain effective and responsive to the needs of people with mental health problems. 3. Sustainability.. By adhering to the MQM standards. organizattons can ensure their long-teTm sustainabiliry. This includes sound financial manogement, robust governance and effective policies. 4. Recognition and Assvrattce.. Organizations that meet the MQM stsndards are re¢ognized for their commitment to exc¢llence. This re¢ognition can enhancc their reputation and provide assuranc¢ to stakeholders that they are delivering high-quality support. 5. Inclmsive and Person-centered Services.. Th¢ MQM emphasiz¢s the importance of inclusive, person-ccntered scrvices that cmpower individuals to make positiv¢ changes in their liv¢s. This focus hclps OTganisations to bctter rn¢¢t th¢ needs of th¢iT service uscrs. Independent examiner Richard Place Dobson Services Limit¢d were re-appoint¢d as the charity's independeni examiner's during the year and have ¢xpressed thcir willingness to ¢ontinue in that capa¢ity. The tnjstees, report was approved by the Board of Trustees. D Watkin Trustee Date.. Ilolz page 7

MID KENT MIND

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF MID KENT MIND

I report to the trustees on my examination of the financial statements of Mid Kent Mind (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements m accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all 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 20 I I Act. 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, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by 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 I April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after I 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:

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 financial statements to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited

1-7 Station Road Crawley West Sussex RHI0 IHT

Dated: ........................ . 2/10/2024

page 8

MID KENT MIND STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Restrieted funds 2024 Tot31 Unrestricted fu￿d5 2023 Restrieted funds 2023 Total 2024 21123 Notes Intome and endoTrTrrynents from: Donation5. grant5 and legacies c.haritable activities Investments Other incom¢ 30,939 91.285 10,375 725 40,420 630,UOO 71,359 721,285 10,375 725 43,860 73,795 3,718 1,610 124,004 248,386 167,864 322.181 3,718 2,010 400 Total income 133,324 670,420 803,744 122,983 372,790 495,773 Expenditure Raising funds ChaTitsble activiti¢s 691 691 703,777 20,151 683.626 267,894 461.625 729,519 Tot31 expenditure 20,842 683.626 704.468 267,894 461,62.5 729,519 Net in<omel(expeDditure) 112.482 {13,206) 99.276 1144.911} {88,835) {233,746) Transfers between funds 11,121 (79,6341 79,634 Net movement in fund5 123,603 (24,327) 99,276 (224,545) {9.201} (233,746) Reconciliation of funds: Fund balances al l April 2023 683.779 24.327 708,106 908,324 33,528 941,852 Fund balances at 31 .March 2024 807,382 807,382 683.779 24,327 708,106 The statement of financial activities includes all gains and losses recognis¢d in the year. All income and expenditure derive fTom continuing activiti¢s. page 9

MID KENT MIND BALANCE SHEET ASAT31 MARCH2024 2024 2023 Notes Fiyed assets Intangible assets Tangiblc a55ets 13 14 15,625 275.994 17,315 282,636 291,619 299.951 Current assets Debtors Cash at bank and in hand 15 38,414 600,973 523,987 339,133 639,387 863.120 Creditors: amounts falling due within one year 16 (123,6241 {454.965) Ne¢ £urrent asset5 515,763 408.155 Total assets le$$ eurrent liabilities 807,382 708,106 Net #sstts 807.382 708.106 The funds of the f harity R¢striLted incomc funds Unrestrict¢d funds 19 24,327 683,779 807,382 807.382 708,106 The linancial statements were approi'ed by the trustees on . Trustee pagre 10

MID KENT MIND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Noles Cash flows from operAting activitie5 Cash geneTated ftomllabsorbed by} operations 25 251,665 (93.801 } Investing activities Purchas¢ of intangible assets Inv¢stment income recciv¢d {746) 3.718 10,375 Net cash generated from investing activities 10,375 2,972 Net cash used in financing #ctivities Net increasel(decrease) in cash and eash equivalents 261,840 (90,829) Cash and cash cquivalents at beginning of year 339,133 429.962 Cash cash equiYalentS at end of year 600,973 339,133 page 11

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2024 Accounting policies Charity information Mid Keni Mind is a charitable intorporaied organisation registered in England. The registered oftice of (he charhty is 23 College Road. Maidstone, Kent, MEI 5 6YH. 1.1 Accounting convention The financial statements have been prepared in accordance with the chariry's memoranduzn and articles of association. the Chariti¢s Act 2011, FRS 102 "The Financial Reporting Standard applicabl¢ in the UK and Republic of Ir¢land" ("FRS 102"} and the C.hariti¢s SORP "Accounting and Reporring by Charities.. Statement of Rccomm¢ndcd Pratrice applicable io charities PTepaTing their accounts in accordanee with thc Financial Reponing Standard applicabl£ in the UK and Republic of Ir¢land (FRS 1021" {¢ffcctive l January 20191. The chariiy is a Public B¢nefit Entity as defined by FRS 102. The financial statcments are prepared in sterling, which is the functional currency of th¢ charity. Monetary amounts in these financial Statements are rounded to the nearest £. The financial statements have been prepared under the historical cosi convention. The principal accounting policies adopted are s¢t tsu( below. 1.2 Going concern Ai ihe tirne of approving the financial ststemenis. the InJ5tees have a reasonablc expeetaiion that the charity has adequate rcsaurces to eontinue in operational existence for the foreseeable futur¢. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial ststements. 1.3 Charitable funds Unrcstri¢t¢d ￿ndS are availabl¢ for use at the discrction of the trustees in furth¢rance of iheir charitabl¢ objcctiv¢s. Restricted funds are subject to specific conditions by donors or grantors as ta how they niay be us¢d. Th¢ pury)oses and uses of the restricted funds are sel out in the not¢s to the financial statcmet]ts. 1.4 Income Income is r¢cognised when th¢ charity is legally entitl¢d to it after any perfonnance conditions hav¢ been m¢t, Ihe amnunts can be measurcd reliably, and it is probabl¢ thal income will b¢ r¢ceived. Cash donations are recognised on receipt. Other donations are recognised onee the charity has been notified of the donaiion. unless pcrfoTniance conditions require deferral of th¢ amount. Income tax r¢¢overable in relation to donations received under Gift Aid or deeds of covenani is recogniscd at the time of the donation. Grants are included in th¢ Statetnent of Financial Adivities on a receivable basis. The balance of income received for 5pecifiL purposes but not expended during th¢ period is shown in the ielevanl ￿ndS on the BalanLe Sheel. Where income is receivcd in advanLe of enlitlcment of receipt, its recognition is deferred and ineluded in crediiors as dcfcrrcd income. Where entiilement occurs b¢fore intome is receiv¢d, the income is accrucd. Inv¢siment income. including interest, is credited to income in the year in which it is receivable. Other income is recognised in th¢ period in w,hich it is r¢ceivable and io th¢ ¢xieiil the goods have b¢en provided or on completion of the service. pa¥e l2

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Accounting polities (Continued) 1.5 Expendit￿re Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third PaTly, it is probable that a transfer of economic ben¢fits will be required in setilement, and the amoun( of ihe obligation can be measur¢d reliably. Expenditure is classified by activity. The ¢05ts of each activity arc made up of the total of dirttt costs and sbared costs. it]cludiJ)g supporl costs involved in undertaking each activity. Direct eosls attributable to a single activity are allocated dir¢ctly to thai aciii'ity. Shared cosis which contributt to more than one activity and support costs which are not ottributable to a single activity are apportioned betiveen ihose activities on a basis COllSlStent with ihe use of resources. Cenlial siaff costs are allocated on the basis of timt spent, and depreciation charges are allocaled on the portion of the asset's use. All expenditure 15 inclusive of ]rr￿0Verable VAT. 1.6 Intangible fixed assels other than goodwill Intsngible assctf acquired separately fTOm a business aTe recognised at cosi and are subsequently measured at cost less accumulatcd amortisation and accumulaied impairnient Iosscs. Intangible assets acquired on business combinations are recognised s¢parately from goodwill at the acquisition date where it is probable that the expected fvture economic benefits that are attributable to th¢ asset will flow to the entity and the fair valuc of the asset can be mcasured reliably,. the intangible asset arises from contraC￿al or other legal rights., and the intsngible asset is separabl¢ fram the entity. Amortisalion is recogniscd so as to write off th¢ cost or valuation of ass¢ts less iheir residual values over their usefu lives on the followinbv bases". Softw8Te Website dev¢lopmeni costs 3 years straight line basis 3 years %traight line basis Intsngible assets in the course of construction arc not amortised. 1.7 Tangible fixed asset5 Tangible fixed a.%.%ets are initially measured at cosl and subsequently measured at cost or valuation. nel of depreciation and any impairnient losses. Tangible fixed assets Costing £1,000 or niore are capitslised and rccognised when future ¢¢onotnic benefi¢s are probable and the cost or value of the asset can b¢ measured reliably. DepT¢ciatioll is recognised so as to off the cost or valuation of assets l¢ss thetr residual valu¢s over their usefijl lives on the following bases.. Freehold land and buildings 20/0 Straight line basis on buildings Freehold land is not depreciated. The gain or loss arising on the disposal of an asset is d¢temJined as the diff¢r¢nce between the sal¢ pro¢¢eds Ènd the carrying value of the ass¢t, and is recognised in the statement of financial activilies. 1.8 Cash and rash equlvalents Cash ond cash equivalents include cash in hand, dcposits held at call with banks, oiher short-teTm liquid investments with original n)aturiti¢s of ihre¢ months or less. and bank overdrafts. Bank overdrafts are Shown within borrowings in CU￿ent page 13

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aeeountlng policies (Continued) 1.9 Financial instrument$ The charity has elecied to apply thc provisions of Seciion 11 'Ba5ic Financial Instruments. and Sectiou 12 '0ther Financial Instruments Issu¢s' of FRS 102 to all of its financial instruments. Financial instnLrneniS are recognised in the chatily's balance sheet when the charity becom¢s party to the contractual provisions of the instrument. Financial assets and liabilities are offsel, with the net amounts prcs¢nled in the financial statcmenls, wh¢n there is a legally enforceable right to set off the recognised amounts and th¢re is an intention to settle on a net basis or to realise the asset and settle the liability sirnultaneously. Basicfinuncifjl assets Basic financial assets, which include debtors and cash and bank balances. are initially n]easured at Iransaciion price including transaction costs and are subsequently carried at amortised cost Using the effective interest method unless th¢ arrangement con.%titules a financing transoction, where the transaction Js measured al the present value of the futuie re¢eipL% discounted at a market rat¢ of interest. Financial asscts classified as receivable within one year are not amortised. Bosicfinapcial liabilities Basic financial liabilities, including ¢r¢ditors and bank loans ar¢ initially reCo￿lsed at trdnsaction price unless the arTangement consrirnics a finan¢ing transaction, whcrc th¢ debt insttumeni is mcasured at the preseni value of the futu payments discounted at a tnarket rate of intercst. Financial liabilities clas5ifJed as payable within ODC year ar¢ not amortised. Debt instrnments are subsequently carried at amortis¢d cost, using the effective interest rate method. Trad¢ creditors are obligations to pay for goods or scrvic¢s that have been acquir¢d in the ordinary course of operations from suppliers. Amounts payable are Classified 85 CUTT¢Dt liabilities if payment is due within one year or Icss. If not, they are presented as nlTrD-cu￿ent liabilities. Trade creditors are recogni5￿ initially ai Iransacti(Trn price and %ubsequenily measured at arnortised cost using the cffective interest method. DerecogiiitioN olfinancial liabilities Financial liabilities are dere¢ogDised when the charity's Contractual obltgations expir¢ or are discharged or cancelled. 1.10 Employee beDefJts The cost of any unused holiday entitl¢m¢nt is recognised in the p¢riod in which the employ¢¢'s seTvices are received. Temiination benefits are recognised immediately as an expense when th¢ charity is demonstrably ¢OTnmitted to t¢rniinate the employment of an employee or Io Provide iemination b¢n¢fits. 1.11 RetFrement benefits Paymellts to defin¢d conlribution r¢tirement benefit schemes are charged as an expens¢ as they fall due. Critical accounting estimates and judgements In ihe application of the charity's accounting policies, the tTUStces are required to makc judgements, estitnates and assumptions about the carrying amount of assets and liabilities thai are not readily apparent from other sources. The ¢stimates and associated assumptions are based on historical experi¢nc¢ and other faciors that are consid¢r¢d to be relevant. Actual results may differ from th¢s¢ estimates. The eslimaies and und¢rlying assumptions are r¢viewed on an ongoing basis. Revisions to accounting ¢stimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future peri(trds where the revision affects both current and future p¢riods. page 14

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Jn£ome from donatkOJIS? grants and legacies Unrestricted fund5 2024 Restricted funds 21124 Total Unrestricted funds 2023 Restricted f￿ndS 2023 Total 2024 2023 Donations and gifts Grants 30,939 30,939 40,420 43,860 43,860 124,004 40.420 124,004 30,939 40,420 71,359 43,860 124,004 167.864 Grant5 received, included in the above. are as follows.. Kent Community Foundation and Th¢ Lawson Trust Kent Communiry Foundation and The Polebrook Fund Kent Community Foundathon and the Vulnerabl¢ Adults Fund Mind - Bvsine.%s Continuation Pund Mind - Cost of Living Pund Souihem Water- Community Centre Grant 1,000 417 15,IJ03 20,1)00 I,{)00 page 15

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from ¢harTrtable >£tivities Unrestricled f￿ndS 2024 Restrieted fund5 2024 Total Unrestricted fuTRd5 2023 Restrieted funds 2023 Totsl 2024 2023 Wellbeing serviccs Menial hcalth courses Counscl1inL? services 13,796 12,007 65,482 569.524 51.655 8.821 583,320 63,662 74.303 7.914 13,230 52,651 189,998 51.389 6,999 197.912 64,619 59,65 91,285 630.000 721,285 73,795 248,386 322,181 R¢5tricted granrs and contracts received during the p¢riod, included in the abov¢, are as follows-. Kent County Council - Suicide Prevention & Mental Health Awareness Maidslone Borough Council- Helping you Honie NHS Kent & Medway ICB - Wellbeing Cafés Shaw TNst (Livewcll Kent and Medway) - Crafts and Chatter Shaw Trust (Livewell Kent and Medway) - Menral Health Recovery Ashford Borough Council - PCC Crime Grant Barnados - Mental Health and Wellbeing Grant Colyer Fergusson Charitable TNst - Investing in Families Involi'e Kent- Social Prescribin&T Cirant Kcnt County Council - Perinaial Support Maidsione Borough Council - Creariv¢ Communities Fund Maidstone Borough Council - Warmer Spaces Grant Sport England and Activc Kcnt & Medway Sptsn England and Versus Arthritis The Big Lottery Fund - Reaching Comrnunities Th¢ Cobtree Charity TTU5t Fund 51.655 8.821 362,860 7,787 31,312 8,119 11,042 19,000 2,500 10.904 1,51)0 1,51)0 5,777 10.000 95,348 1,¥75 Income from investments Unrestricted Unrestricted funds funds 2023 2024 Interest r¢ceivable 10.375 3,718 Expenditure on raising fund5 Unrestricted Unre5triettd funds funds 2024 2023 Fundraising and publicity Othei fundraising costs 691 page 16

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Expenditure on charitable activities Mental health Mental health services serTrices 2024 21123 Direct costs Staff costs Depreciation and impairnicnt Training and local projects Professional seTr'iccs l-%upervisionsl Project resources and venue hire Exiernal 5UPPOrt Repatrs, maintenanc¢ and kitchen suppli¢s IT equipment and software Telephonc c051s Travelling, accomnpodation and subsistence oirice supplies and Sundry expenses Advertising, marketing and PR 342,103 517.837 8,332 1.969 18.936 2,379 995 12,803 16,366 1,092 719 202 2,473 1,229 443 380,804 547.074 Share of support and governance costs {5ee note 8) Support (iovernancc 301,366 21.607 100,652 81,793 703,777 729,519 Analysis by fllnd Unrestri¢t¢d fimds Restricted fund5 20,151 683.626 267,894 461,625 703,777 729,519 pa¥e 17

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support COSt5 allotated to aclivilies 2024 2023 Staff cost5 Depreciation Advenising, marketing And PR Reeruitm¢nt and staff developm¢nt Travelling, acLomodation and %ubsistence oiric¢ supplies Telephone costs IT equipment and 50fm.are R¢pairs, maintenance and kitchen supplies Insurance Oiher support costs Utiliti¢s and iaies GoveTnance costs 176,828 8,333 162 6,492 3,993 4,823 4,177 65.459 16,104 6.086 2.632 6,277 21,607 994 2.601 4.002 3,510 4.434 42,541 8.582 4,915 29,073 81,793 322,973 182,445 Analysed behween: Mental health services 322,973 182,445 2024 2023 Governance costs comprise: Independent cxaminatton fees Accountancy Consultancy f¢¢s TNste¢ costs Lcgal and professional fees 4,980 4,740 6.840 65,485 82 4,646 7.088 9.539 21,607 81,793 Lyet movcmeDt in funds 21124 2023 The net movemcnt in fi]nds is stated after chargingl{CTeditiDg)-. Fces payable for the independent examination of ihe charity's financial statements Depreciation of owned tangible fixed assets Amortisation of iniangible assets 4.980 6,642 1,690 4,740 6,642 1,690 io Trustees None of th¢ trustees (or any p¢rsons connected with them) received any r¢muneralion or benefits from the charity during the year {2023 - £Nil). DuTing the year ended 31 Marth 2024, trust¢¢ costs were incurred by the Charity amounting to £Nil in respeci of mil¢ag¢ for one of ihe trustees12023 £82). page 18

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Emplovee5 The average number of full time equivalent employees during ihe year was.. 21124 Number 2023 Number Administrative Welbeing and community development workers 12 Total 15 19 Employment Costs 2024 2023 Wages and salaries Social security costs Other pension costs 473,555 37,319 8,057 480,656 29,780 7,401 518,931 517,837 The nun)ber of eniployees whose annual remuneration wa5 more than £60,000 is as follows.. 2024 Nllmber 2023 Number £80.000- £90.000 Remuneration of key management personnel The remuneration of key managcment personnel was as follows.. 2024 2023 Aggregate compensation 171,768 112,195 The trustces consider the charity's key manag¢ment personnel to consisi of the CEO and the Senior M2nagement Team. 12 Taxation The charity is exempt from iaxation on its a¢iivities be¢au5e all its income is applied for charitabl¢ PUEposes. page 19

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 51 MARCH 2024 13 Intangible fixed assets Software Wtbsilt devtlopmeDt to$ts Total Cost At l April 2023 and 31 March 2024 5.069 14,922 19,991 Amortlsation and impairment At l April 2023 Amortisation Charged for the y¢ar 2,676 1,690 2,676 1,690 At 31 March 2024 4,366 4,366 Carrying amount At 31 March 2024 703 14,922 15,625 At 31 March 2023 2,393 14,922 17,315 Website developn)ent costs rclate lo ihe new charity website. The w¢bsite was launched after (he balance sheet date and will b¢ aTnortised over its useful life from the launch date. 14 Tangible fixed assets Froohold land buildings Cost At l April 2023 295.881 At 31 March 2024 295,881 Depreciation and impairment Ai l April 2023 DepTeciation charged in th¢ ye 13,245 6,642 Ai 31 March 2024 19,887 Carri'ing amount Ai 31 March 2024 275,994 At 31 March 2023 282,636 pa¥e 20

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tan8lble r￿ed assets (CoDtinued) Mid Kent Mind the property at 23 College Road Maidsione which is its principal address. SoTt]e of the funding lo purchase the property was PTovided by The Maid5tone Health Authority. The following restriction is registcr¢d against the prop¢rty'. 'No disposition by the proprietor of the land is to be registercd and none shall take ¢ffecl unless madc with the consent of the Housing C.orpoTation {being The Maidstone Health Authority). when such consent is required under the provisions of section 9 of the Housing Association5 Act 1985" The prop¢rty is registered at H M Land Registry under ihe name of Maid5tone Association of Mental Health (latterly Maidstone and Mid Kcnt Mind) registered with the Charity Commission on 9th December 1969 registration numb¢r 260122. The fund5 and all associated a5set5 weTe tranSfe￿£d to Mid Kent Mind on 16 November 2018, 3 CIO re¥i5tered 'ith the Charity Commission on 25 May 2016 - registration number 1167328. The Trusiees are taking steps io ensure the recoids held at H M Land Registry ar¢ up to date. IS Debtors 2024 2023 Amount5 falling due within year: Trade debtors Other debtOTS Prepayments and accrued income 11,556 863 25,995 403,588 13.707 106,692 38,414 523.987 16 Creditors: amounts falling dllt within one year 2024 2023 Notes Othcr taxation and social Security Deferred incomc Trade creditors Other ¢rediiors Accruals 10,137 101,192 4,158 1,730 6,407 8,332 395,222 45.365 230 5.816 17 123,624 454,965 17 Deferred income Deferred income is included in thc financial statements as follows.. 21124 2023 Def¢￿ed income is included wtthin.. Cunent liabilities 101,192 395,222 MoN'ements in the ycar.. paue21

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21124 17 Deferred income (Continued) Deferred inctsme 31 l April 2023 Released from previous periods Resources def¢￿ed in the year 395,222 {395,222} 101,192 8,750 18.7501 395,222 Def¢rred income al 31 March 2024 101,192 395.222 D¢fe]Ted income relate5 to grants and contract incorne for the 2024125 financial year received in advance. 18 Retirement benefit sehemes 2024 2023 Defined Contribution schemes Chargc to profit or loss in respect of defined contribution schemes 8,057 7,401 The charity operates a defined contribution pension sch¢me for all qualifying eniployees which is h¢ld with the National Empl(Tryment Savings Tn]st (NEST). The assets of th¢ scheme are held separately from those of the charity in an Inde￿ndent[Y administercd filnd. Amounis totsling £1,73012023 - £Nil) w¢re payable to the fund at the balance sheet date and are included in creditors. pa&Te 22

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MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 20 Unrestricted funds Th¢ unrestricied funds of tb¢ charity Lomprise th¢ unexpended balanc¢s of donations and grants which are not subject to specific conditions by donoTS and grantors as to how they may be used. These include designaied funds which haN'¢ been set aside out of unrestricled funds by the Iru5tees for specific purposes. At l April 2023 Incomirtg resources Resources expended Transfers At 31 Mareh 21124 General funds 683,779 133,324 (20,842) 807.382 Previous year: At l April 2022 Incoming resources Resources expended TTaDsfers At 31 March 2023 General funds 908,324 122,983 (267,894} {79,634) 683,779 21 Analysis of net a55ets between fund5 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 21124: Intangiblc fixed assets Tangible asge(s Cutrent assetsl(liabilities) 15.625 275,994 515,763 15,625 275,994 515.763 807,382 807,382 Unrestricted funds 21123 Rtktrieted funds 2023 Total 2023 At 3] Mareh 21123: Jntsngible fixed asscts Tangible asscts Current a55etsl(liabilities) 17,315 282.636 383.828 17,315 282,636 408,155 24.327 683,779 24,327 708.106 page 26

MID KENT MIND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Operating lease commitments Lessee At th¢ reporting end date the charity had outstanding commitments for future minimuin lease payments under non- ancellable operating lease5, which fall due as follows.. 2024 2023 Within on¢ year Betw¢en two and five years 50,484 84,247 53.174 129,720 134,731 182.894 23 Events after tht reporting date Mid Kent Mind wa5 unsuccessful in rencwing ihe contract for the provision of wellbeing support and CTiSi% avoidance for adults within the comniunity in Ashford and Maidstone fvnded by NHS Kent and Medway ICB. The conlTact terniinated on 3 1st March 2024 although funding for two additÈonal montbs has bccn confimied. Mid Kent Mind is in the proces5 of s¢eking addilional funding from other sources whilst also taking the opportunity to slreanilinc the service provid¢d and, although th¢ charity will exp¢rience a reduction in funding, the trustees are confident the charity will continue to be a going concern. 24 Rtlated party trans4£tion5 During the year, the charity entered inlo Eho related party transactions {2023 £8,200 with Youth R¢siliente UK}. 25 Cash generated from operations 2024 2023 SuTplusl{deficit) for the year 99,276 (233,746) Adjustments for.. Investment incomc r¢cognised in statement of financial activiti¢s Amortisation and impairnient of intangible assets Depreciation and impatnnent of tangible fixed assets {10,3751 1,690 6,642 (3,718) 8.332 Mol'ements ill working capital.. Decrcasel(increase) in debtor5 {Decrease)/incTcas¢ in creditors {Decrea5¢)linrr¢ase in deferred in¢ome 485,573 (37,311) {294,0301 {262.945) 11,804 386,472 C#sh generated from/(absorbed by) operations 251,465 {93,801 } 26 Anal)'sis of changes in net funds The charity had no mat¢rial debt during the y¢ar. page 27