Charity registration number.. 1176942 Cornwall Mind Annual Report and Financial Statements for the Year Ended 31 March 2024
Cornwall Mind Contents Reference and Administrative Details Strategic Report 2104 Trustees, Report 51013 Independent Examinerfs Report 14 statement of Financial Activities 151016 Balance Shegt 17 Notes lo the Financial Slalements 18to32
Cornwall Mind Reference and Administratlve Detalls Chalrman Anne Jeffery Trustoes Anne Jeffery Demelza Todd, Vice-chair Ms Diana Smith Zara Mason Chrlsloph8r Morse Andy Jago Oavid Craddock lappolntad 14 March 20241 Jon Gladstone lappoinled 9 July 20241 Llz Rumble Ir88igned 7 May 20241 Wendy Cou8in8 Iresigned 9 July 2024} Per*ny Lilly-Brlckell IsIgned 9 July 20241 Paul Reeve, CEO Lorna Rleh8rd8on, Op8ralion8 Manager Caron Reeves, Finan¢a Officer Kathleen Head, Project Coordlnator Kay19igh Rgaks. Project Coordinator sanlor Managomont I Loadarshlp Toam Charlty Regl$tr4tlon Number 1176942 R•g58t8r•d Offlc• 2A Hamley Court Dtrnnison Road Bodmin PL31 2LL Ind•p8ndgnt Examln8r GW & Co. Llmiled W81erslde Court Falmouth Road Penryn TR10 8AW Page 1
Cornwall Mind Strategic Report for the Year Ended 31 March 2024 The Twstees present their slrategic report together wth the financial statgmgnts of the Charity for the year ended 31 Marth 2024. Financial rgvlgw The financial year began with a very ambitious targ81 wth many F()siIIv8 OPP)rtunities on the horizon. During the year we sold the Comwall Mind propety that had been 8 short temi rentsl for many years and was in need of lolal refurbishment which was not a viable option for the charity That sale has enabled the Board to have MO scope to support the CEO in his endeavours for growing Comwall Mind and to offer an increasing number of services throughout the county . Plans for that gxpgndilure are still ongoing. However. we have already agreed to conlribule to the salary of an Income Gener81ion Manager as a priority in order lo grow our Core funding which will allow us to engage with a new range of services We are also planning lo increase our fundraising function with the addition of a Communlty Fundraiser and have recently been successful in recTUiting suitable individual for the role. There is great creative strength in our Senior Management Team which will translate into exciting and new 8re8s of operating. They work as a closely knit team, effectively , enlhusiaslically and effiCIenY . Funding comes lo Cornwall Mind from a variety of sources including.. Comwall and IOS Irrtegraled Care Board., Cornwall Partnership NHS Foundation trust,. NalionaS Mind-, Various Charitable Trusts and local Community fundraSsing. Our financial posllion is reviewed monthly and reported to the Board at our bi-monthly meetings . The Finance Officer and our Finance Advisor to the Board ,who sits alongside the Board as a volunteer, meet regLJlarfy to discuss the position The Finance Sub-Group is made up of the CEO. Finance Officer, volunteer Financial Advisor and Chair of the Board They meet every eight weeks ahead of the Board Meeting to discuss all matters relating to the charity's finances. This has proved to be the best way of presenting a well prepared, precise financial picture for the Trustees at the Board Meeb'ngs. For the past year we have been moving towards using Tnore ethical. sustainable banking services particularly for the monies from the house sale. We have been successful in seeking new banking arrangements in order lo lake advantage of the increasing interest rates on our savings accounts. We have a s6parate Reserves Policy In place which Is considered adequate by the Board in order to meet any potential need such as an unexpected drop in income or to support the charity as it grows. We feel that we are now well positioned lo deliver an ambitious growth plan over the next few years. Sub Groups The Finarice sub group meets one week before each Board meeting in order lo review the financial position. The Financial Report and Summary are sent to Trustees one week ahead of each Board meetsng. The Policies and Procedures sub group engage with the writing of all new policies and revise and amend existing polices All policies are presented lo the Board for ratification Both sub groups work independanuy. Items are bmughl lo Board Meetings for further discussion rf required. Page 2
Cornwall Mind strategic Report for the Year Ended 31 March 2024 Engagomont with gmployoes The charity hold a Staff Update Day twlce each year which brings everyonè together induding staff, volunteers and trustees. ongside annual appraisals, supervision sessions betrjoen line managers and 8laff are held regularly in order to ensure that every staff member feels valued and a very big part of Cornwall Mind. The nature of much of our engagement with clients is done through remote workSng and wts offer support and encouragement lo our team and demonstrate that through promollng strong communication and collaboratlon . One lo one sessions are also regularfy h8ld betW8en the Chair and CEO Thes8 ara always very posllive Inleraclions with an opportunity lo discuss strategy, suc¢essgs & challeng8s. objectives, risk5 and health & safèly . Together, they work through th8 current siluatlon and future plans from strategic polnl of vl8w. This helps lo guidè both the charity and th8 Board We have a stsff member who is a very active Volunteer Co-ordinator and works hard to grow our volunteer numbers. After the Pandemlc, 11 was difficult lo recruit volunteers to work face to face but Ihal is now changing and our volunteer numbers are on the increase oncè more. Whllsl we are always seeking to grow thg numb&r of Comwall Mind volunteers, we do have a number of commllled people who regulady 8UPPOrt the work that we do. We greatly v8lu8 our volunteers and they are included in the Team Updala day hèld twlce 8 yaar which18 8 c818bralion of the work that we do and the success that we collectively achieve CornwalL Page 3
Cornwall Mind Strategic Report for the Year Ended 31 March 2024 The strategic r&port was approved by the Trustees of the charity on behalf by.. and signed on its Anne Jeffery Chaim)an and Truste8 Page 4
Comwall Mind Trustees. Report The Trustees present the annual report together with the financial slalements of the charity for the year ended 31 March 2024. Objectives and activitias Comwall Mind is an independent charity committed to supporting better mental health for everyone in Comwall Whilst affiliated lo natlonal Mlnd, Comwall Mind Is an independent charity that develops Ils own strategy and raises its own funding . Our aim is to help people in our local communiyes to improve their mental health and wellbeing. The charity makes a very important conlritmjtion to improving mental health in Comwall and is dedicated lo delivering improvements to services as well as influencing decisions that affect the wellbeing of everyone who lives hore The proportion of adults aged 18+ with mental health problems in Cornwall Is sel to Increase untll al least 2030. Cornwall Mind 5UPPOrts the population of Cornwall within urban and rural areas of the county on their journey to recovery. The charity considers that il is important lo be able to offer a variety of solutions that enabl8 Pgople to move fonNard. The way that we do this includes the prevention and maintenance of healthy living. supporbng recovery and resilience. challenging stigma and improving services The charity continues to grow with a strong and sustainable business plan to develop more supwrt throughout Cornwall enabling many more peopl8 to access the s8rvic8S that we offer . Wtih over one in four people experlenclng 8 mental health problem in Comwall our services are needed more than ever . We are a strong and inclusive Board of Trustees who support the charity to shape the strategy and we believe in the vision. Each year the Trustees hold a Strategy Day Wlth the CEO to develop plans for the future and creatively engage with tho way forward lo achieve our goals. Our strategy aims to reach out to everyone who needs the services of Cornwall Mind. seeking ways to work with marginalised and under-represented communities in the county. Cornwall Mind has achieved great SucsS working with delNery partners. Our CEO has continued lo build strong lationShipS with slatulory health serS and commissioners which has led lo an increase in the number of contracts that we deliver and we are therefore able to support many morè peopl8. We have also Increasea our work In the Communlty includlng expandlng the number of Vvellbeing Groups that we tjellver. These have a strong focus on 5UPPOrt lo recovery and resillence . Public benefit The trustees conffrm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regaid lo the public benefit guidance published by the Charity Commission for England and Wales. Cornwall Mind continues on tts growth trajectory. The ¢har5ty is diversifying with new income streams coming online and has been able to start delivering Wellbeing Groups in many new locations in the county . These various groups provide support for many clients who suffer with their mental health and for others, they are a lifeline. Page 5
Cornwall Mind Trustees. Report This development of new income streams and in new geography has shown significant growth in business development over the year. They fil very well with the Objectives that we set at the beginning ol the year and arg dosely aligned with the Strategy. We have also been successful in the continuation of some existing projects which is a sign that our setvices are delivered successfully and lo a high standard. Business development over the past year has achleved ils tsrget and provides a sustainable model for the future . The CEO works tirelessly for the charity to achieves ils objectives . He has strong values around how Comwall hAind delivers on ils commitments and has developed a buslne8s plan whlch Is creaung sustslnable growth. In the yaar 2023-24 Comwall Mlnd provldod 1544 $oparat• int•rv•ntlon• for 601 Indlvlduals through the actlvltles bel¢w. Number of different e seen People In Mlnd IPIMI lotment groups Art Therapy Art group Bude Pèèr Recovery group Creative Writing group Eco Actlon group Garden group Hearing Voices groups Ipsychosi81 Hop8 Walks (sulclde posiventlonl Music groups RadlolPodcasllng groups 35 17 38 16 25 20 14 15 Singing For Wellbeing group (suicide postvenlionl 15 Singing For Joy group Social C81é 15 10 Song Writing group Itraumal Looe Wellbeing Group Tennis group Liskeard Wellbelng Group Newquay Peer Recovery group Sl Austell Peer Recovery group Newquay Walking group Fletcher Ward 5 ways linpatienl unit) 10 25 15 22 12 5 Ways lo Wellbeing Workshops IPIMI 5 Ways lo Wellbeing Workshops IPSWI 117 Page 6
Cornwall Mind Trustees. Report Peer Support11:1 casework) Rehab PWS'S 23 Wellbeing PSW'S 12 Projects11'.1 casework) HIU (High Intensity Users) CEP (Energy Poverty) Next Steps (Homelessness) 32 26 23 Supported Soll Help {1..1 structured intervenlionl Assessment Session 62 Intervention Session 37 Total number of sessions attended 763 Comwall Mind YTD Total Individuals 601 Page 7
Cornwall Mind Trustees. Report Ca$9 Studles and testlmonlals HUI Case Stud OVERVIEW.. G is an 81-year-old male who I supported on discharge from Longreach Hospital. G has a diagnosis of Bipolar Affective Disorder and low mood. He required support with social inclusion and confidence building. As part of my support, I visited G in hospitsl lo build a Iherapeulic relationship and attended his Teams Discharge Meeting wth the hospital staff to ascertain best ways of supporting him. He was extremely distressed and the thought of going home overwhelmed him as he didn't think he would b8 able lo cope. My support induded tsking him shopping, making and taking him to eyelhearingldenlal appointments, as well as helping hirn wth light chores around the home. He made great progress and was able to cope much better with life al the end of the support. I researched gardeners in the area and gave him information on Supportmatch, Homeshare, which matches people who have a spare room and need a bil of support with people looking for somewhere to live and able lo givè support. He continues to go to the Age UK Day Centre once a week for social indusion, which will be self-funded. The results of the Short Warwick-Edinburgh Mentsl Wellbeing Scale completed al s18rt and end of our project intervention Isee below) show huge lrnprovemenls for client. lol s* rw lo 0trsV. rye tv• Page 8
Comwall Mind Trustees. Report PSW Testimonials "I would recommend peer support work to others because it has really helped me pass a difficult part of my life, it has helped me to go out and do things that I love and without personally having support and confidence boosting elc I wouldn't have been able to on my own. I gained support to achieve short-tem) and long -term goals lo support my wellbeing and anxiety and to improve rny mental and physical health. I learnt about strengths that I didn't know or believe I had. I have mel my goals lo attend wellbeing boxing to become physically fil, build confidence and most importantly lo find an outl81 to Telease energy tension and manage angry feelings in a positive way. I have taken away confidence and ways lo continue lo support mys8lf and l am so gratgful.. '1 would definitely recommend Peer Support work lo others. as one to one contact allows the individual lo have personal concem looked at. Rather than a subject such as Bipolar Disorder, Depression, Anxiety etc being looked at as a whole topic. usually with a group of people. I gained individual attention. which allowed me to talk with a peer support worker honestly and openly. After a 3 month period we got to know each other well and this also helped my confidence to in¢r8asg. I was encouraged to work with a PSW because I have seen others work with them and seen the results which were good. I mel the g021s of the beginning of my recovery. Weekly meetings enabled me to have an ongoing Confidence effect. Thus, I feel the time spent together was beneficial to my overall wellbeing. I have been able to do sketch arthork outside in public on my own and have engaged with people who were inquisitive to what I was doing. I feel that anybody would appreciate the time spent together with a Peer Support Worker, whom has problem5 with their mental he8lth. Having a good knowledge of mentsl health problems is definitely a positive in order lor the P.S.W lo know what they are doing, having experienced such problem themselves. I have improved as a person over the time spent with my P.S.W and l appreciate the effort, not only the patience, put in by both them and myseK. l also feel I have exceeded my own expeclallons of myself, driving to destinations I haven't been to before in my car., Emma was my Peer Support Worker at Mind and helped me deal with a serious case of hoarding and clutter. Emma has been an enormous helpl I've been so stuck for years a very cluttered garage and workshop. So bad I simply Couldn't take it and as a result have clutter all over the home. Each week Emma came and we faced the major dedutter together. No easy tssk (where even lo start?) and with my health limitstions, Emma did the majority of the lifting while I sorted and many a car trip to the recycling centre or charity shop. I have COPD so I get breathless very quickly, and simply cannot do a lol of the manua1 work. Emma has been a god sendl I really appreciated all her hard work and determination to me. I now feel I can move o96in. I'm no longer stuGk, the differen¢¢ this has mad¢ to my m¢ntal health pttY much really immeasurable. Thes means I can no de-clutter other rooms (now I have somewheie to move thing) all the corners of the house and organise. It's been many years since I have left organised land being a811¢ it means a great doal lo mel I cannot thank Emma and Mind enough for helping to pick me up and move forward again. Page 9
Cornwall Mind Trustees. Report Art Grou Case Stud This particular lady joined the RAP Art group in Aprtl of this year, in which its members shared eight face to face sessions of art. On being asked why she had chosen to join the art group, she said she just 'fancied having a go,, bul hadn't done any art since school. During the first session, it was obvious that she felt anxious, which she voiced herself. requiring several smoking breaks. However, by the end, she had completed her first sketch. and on relumlng to the room after a break and noticing her achievement she responded with, 'Blimey, did I really do thall, Art most definitely unlocked something n her that day, and she arrived al the following sessions with an eagernes5 to create, aayS leaving with a sense of joy in everything she produced. At another session, she arrived looking very dishevelled, which ConMed me. I spoke with the manager of the residential home she lives in afterwards, who said that her bas81ine presentation is that she stays in bed most of the day, despite prompts from the staff. On that day, she had woken late, but surprisingly was still eager to attend. not even having had lime to eat breakfast. The feedback from the client after the art sessions highlighted Ihe impact, they have had upon her, r2cognisin9 herself that her mental health had improved. This was echoed by the manager, who said that she always appears proud of the work she has Gomplet&d and willingly and eagerly shows staff and fellow residents what she has cxeatgd that day. She talks about what she has learnt and displays a real sense of achievement. The stsff have seen a huge improvement in her mental health and she is now awaf(ing a care worker lo attend future art sessions here at Comwall Mind. Page 10
Cornwall Mind Trustees. Report walks and Eco Grou Case slud Thls particular client 8ttended Eco Group In Helston in JulylAugu8t and regulady attends Hope Walks. Sha is 8180 a Liv8d Exp6rience Expert. A few months ago 8 lady emailed me and said that she was not sure If She should attend Hope Walks as she described herself as 'actively suicidal,. Al the lime sha was on sickloave from work and had been for several months. I told her that she was welcome to Come along lo walks if she fell she would like to and if il would help her. The client continued to attend Hope Walks al all of the locations and the llIght walk. Often, I would gel the opportunity to talk to her 1-1 and have frank conversations about her mentsl health. She was also able connect with other walkers and she appeartd to appreclalè Ihls opportunlly. I mentioned the Eco project In Butterfly Wood (Helslonl to her and she said she would like lo attend. Sh8 participalad fully In the actlvilies and was keen to shift telegraph poles and wheel barrows of gravgl. She seemed lo thrive on th8 'chack-in' discussion part of the session and other members of the group really enjoyad working and talking with har. In one meeting she said that she would not be alive wilhoul the support provided by Cornwall Mind. Sh8 continues lo allend Hope Walks and is a great asset lo the sessions as she acts as a peer mentor and makes new members feel welcome and uses her empathy and experien lo talk lo all of the cllenls. She has wrltten a very posltbve pSec8 of feedback for the walks that l am going lo use for an evaluation of the project. She Is back al work now aftgr 8 months slckness leave. She sald that returnlng lo work is really hard and some aspects of her work cause her to feel that she has PTSD. Sh8 has difficulty sleeping and says that she is 81111 struggling with her mental health. 5 Wa to wgllbglng Fggdback What have your leaml from the courso? "I was very nervous, I wanted lo leave the fv'rsl session bul decided lo stsy. After the br8ak, I fell a lol bettgr being there. The other people on the course seemed really nleè and welcomlng. I rèallsed wè were all probably f&81ing th8 same. The maln things I learnt from the courso was gelling usod lo meeting others and ils not so daunting and I liked goal $8tting. Having to give a lime on when you are going lo complete something. "My alm whgn slgnlng up lo this ¢our59 was to giv8 mo 8 naw tool for 8xpr8sslng and maklng 88n88 of negallve thoughts and feelings of anxiety. It has dong that and so much more the facililalor was brilllanl, and worklng wlth the others lo support and share has been great. l only wish the course was longer as I feel we have only just gol going. struetur•, gov•rnanc• and manag•m•nt Organisation81 $truGtur• The structure of Cornwall Mind continues lo evolve as we grow. As new projects have come onllne and recrullrnanl has been requlred for new roles, we have been able to move staff members into new positions. This has oftèn enabled our staff members lo grow Ihelr experSence wllhln the organSsallon as well as foeling valued and supported in their career. Staff retention Is an issue across the sèctor . Comwall Mlnd Is dedlc8led to provldlng Ils staff wlth tha best working environment , conditions and salary that they can . We are a Real Living Wag& employer and ar8 proud lo offer staff members SUPPOrt and respect in all areas of their amploymenl . We hold these values very strongly and our staff feedback indicatas that they feel valued, supported and respected . The ultimate goal is that we improve staff retention and ¢onlinug to build on our committed team. Page11
Cornwall Mlnd Trustees. Report Our S8nlor Management Team are embedded in the charlty and work alongsid8 the CEO . The strength of this group has been important iri balancing the needs of Cornwall Mind during its growth over the year. 11 has also created more tim8 to enable the CEO to engage with partner organisations, to sit on Boards and Mental Health Groups and lo build important relationships within the Mental Health Seetor . Flnancial Risks The Charity's activities expose it lo a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of Trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does nol Use derivative financial instruments for speculative purposes. Gan•ral Rl$ks The Chair meets the CEO regularty fr)r an update on the actwilies of the charty and a general discussion on strategy and planning. They also regularfy review the Risk Register and make adjustments as required. The additions and amendments are then discussed at Board Meetings. The full Risk Register is circulated to Trustees qU8rtedy 8nd Comwall Mind have a robust business continuity plan. The charity Irusl6e8 have consldered the major rtsks to the charity and ar8 8alisfied that there ar8 adequate systems and prOdureS in pla to manage those risks. Mlnd Quallty Mark Comwall Mind was clue lo have an 2ssessment by National Mind in late 2023 which was postponed and we will now be assessed in the autumn of 2024. The Mind Quality Mark (MQM} is an assessment against 20 standards sel nationally ev8ry 3 years and each local Mind charity has to go through thg process. We feel that the charity is well placed this year to go through this process and to achieve the standard. This is testament lo all of the hard work the Management Team and the Board have done to review and establish our systems, policies and procedures over the last three years . The Trustees have complied with their duty to have regard to the Charity Commission's Public Benefit Guidance when carrying out their activities The annual report was approved by the Truste88 of the charity on ..... behalf by.. . and signed on Its ne Jeffery Chairman and Trustee P8ge 12
Cornwall Mind ststement of Truste8s' Responsibilities The Trustees are responsible for prgparing the Trustees, report and the financial slalements in accordance with United Kingdom Accounting Stsndards (United Kingdom Generally Accepted A¢counling Practice) and applicable laws and regulations. The law applicable to Charities requires the Trustees lo prepare financial slalemenls for each financial year, which give a true and fair view of the stale of affairs of the charity and ol the incoming resources and application of resources, of th8 charity for that period. In preparing these financial slal8m8nts, the Trus18es are r8quirod lo.. selecl suitsble accounting policies and apply them ¢on8lstenlly', observe the methods and principlos in th8 Charities SORP., make judgements and eslimales that are reasonable 8nd prudent.. ststo whether applicablg a¢UntIng standards hav& baen followed, subject to any maleriol departures disclosod and explained in the financial statements., and prepare the financial statements on the 90ing concern basis unless il is inappropriate lo presume Ihol thg Ghodty ¥MII contlnug in busine$$. The Trustees ar8 responsible for keeping proper accounting records that can dSsclose wlth reasonable accuracy al any lime the financial po811ion of th8 charity and enable them to 8nsure that tha financial slalemenls comply with the Charities Act 2011, th8 Charitles (Accounts and reports) regulations 2008, and the provisions of the constilulion. They are also responsible for safoguarding the assets of the charity and hence for taking reasonabl8 steps for the prevention and detection of fraud and other irregulartlies. Th8 Trustè88 ar8 r8sponsible for th& mainlenanea and Inlegrfty of the corporate and flnanclal inform81ion included on the charitable company's website. L8gislallon govemlng the preparatlon and dlssomlnallon of flnan¢lal ststemenls may dlffer from18glslallon In other lurlsdlcllons. Approved by the Trustees of the charity on . .8nd signad on its behalf by.. Anne Jeffery Chairnan and Truslge Page 13
Cornwall Mind Independent Examinerfs Report to the Trust885 of Cornwall Mind I report to the Tnjstees on my examlnatlon of the accounts of th8 Charltyy for the year ended 31 March 2024. Responsibilities and basis of report As the charity's Trusteos of Comwall Mind you are responsible lor the preparation of the accounts in 8ccord8nce with the requirements of the Charities Act 2011 I'lhe Act'i. I report in spect of my examination of your charlty's accounts as carried out under section 145 of the Act 2011. In carrying out my examination and I have followed all the applicable Directions given by the Charlly Commlsslon under secllon 14515)Ibl of the Act. Indepondont examlner's 8tatèm•nt Since Ihg Company's gross income exc8gd8d £250,000 your examiner must b8 a member of a body li818d in section 145 of the 2011 Act. I confimi ihal l am qualified to undertak8 thè 8xamlnation because l am a m8mb8r of ACCA, whlch Is on$ of tho Il$led bodl88. I have completed my examination. I confirm that no matters h8ve come lo my att8nlion in connection with the gxaminalion giving mg caus8 to believa that In any material a8pecl'. 1. 8ccounUng records were not kept In respect of Comwall Mind as required by secllon 130 of the Acl., or 2, the accoun15 do rbot a¢¢ord wlth thosè re¢ords', or 3. the a¢counls do not comply with the accounting requirements con¢erning thé form 8nd onlenl ol accounts sel out Sn the Charillès (Accounts and reports) Regulations 2008 other than any requirement that th8 accoun15 givg 8 'tTUg and fair vièw. whlch 18 not a matter consider8d 88 part of an Independent gxamln8tlon. I hav8 no concems and hav8 com8 across no other mattgrs in connection with the examination lo which allenlion should be drawn In Ihls report In order lo enable a proper understanding of Ihg accounts lo be reached. Deborah Wartjurton FCCA GW & Co. Limited Waterside Court Falmouth Road Penryn TR10 BAW Dal8'. l Ll .l.kn.LY Page 14
Cornwall Mind Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Nola Incomo and Endowments from.. Donations and lega¢i8S Charitable activities Other trading activities Investment income Other income 27,505 27,505 542,730 1,488 9,489 39,622 542.730 1,488 9.489 39.622 Total income 38,482 582.352 620,834 Expendityre on: Raising funds Charitable activities {6,443} 66,874 {6,4431 571,480 504,606 Total expenditur& Net lexpenditurellincome Transfers between funds 73,317 504,606 577,923 134,835} 196.622 Tl,746 196.622 42,911 Nel movement in fLJnds 161,787 1118,8761 42,911 Reconciliation of funds Total funds brought forward Totsl funds carried forward 60,837 469.134 529,971 19 222,624 Unrestricted funds 350.258 Restrictad funds 572,882 Total 2023 Note Income and Endowmonts from.. Donations and legacies Charitable activities other trading activities Investment income 41,788 41,788 472,369 68,628 3,127 472.369 68.628 3,127 Total income 113.543 472.369 585,912 Expenditure on: Raising funds Charitable activities 128.0881 86,619 128,0881 443,0831 356,464 Total expenditure 114,707 356.464 471.171 Net {expenditurellincome Nel movement in funds 1,164 115,905 114,741 {1,164} 115.905 114,741 Rèconciliation of funds Total funds brought forwarrJ 62,001 353,229 The notes on pages 18 to 32 fom) an integral part of these financial statements. Page 15 415,230
Cornwall Mind Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unre$tri¢tgd funds Re$trf¢tsd funds Total 2023 Note Totsl funds carried forward 60,837 469,134 529,971 All of the charity's activities derive from continuing operations during the above two periods. The notes on pages 18 to 32 fomi an integral part of these financial statements. Page 16
Cornwall Mind {Registration number: 1176942) Balance Sheet as at 31 March 2024 2024 2023 Note Flxed assets Tangible assets 15 187,000 Current assets Debtors Cash at bank and in hand 76.062 521.460 16,292 337,659 353,951 17 597,522 Creditors: Amounts falllng due wlthln one year Net current as$¢ts 18 24.640 10,980 572,882 342,971 Net assets 572.882 529,971 Funds of the charity: Restricted income funds Restricted funds 19 350.258 469,134 Unrestricted incomg funds Unre8tricled funds 222,624 60,837 Ti>tal funds 19 572.882 529,971 The flnanual Statements on pages 15 10 32 were approved by the Trustees, and authorised for issue and signed on their behalf by.. Anne Jeffery Chaim)an an¢J Trustee i) Cn-a* Trustee The notes on pages 18 to 32 forrn an integral part of these financial slal&menls. Page 17
Comwall Mind Notes to the Financial Stataments for the Year Ended 31 March 2024 1 Accounting polici8s Summary of significant accountlng pollcles an(1 key accountlng estlmatss Th& principal accounting policies applied in Ihe preparation of these financial statements are set out below. These policies have been consistently appli8d to all the years prgsented, unless otheNise slated. Statement of compliance The financial statements hav8 been prepared in accordance with the second edition of the Charfcies Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the Uni18d Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparation Cornwall 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 othenlSe staled in the relevant notelsl lo these accounts. Golng concern The Iruslees consider that there are no material uncertainltes about the charitys abilty lo continue as a going concern nor any signrficant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments Voluntary income including donations, gifts, legacies and grants that pmvide Core funding or are of a general nature are recognised when the charity has entitlement to the income, it is probable that thg income will be received and the amount can be measured with sufficient reliabilty. Page t8
Cornwall Mind Notos to the Financial Statements for the Year Ended 31 March 2024 Donatlons and logaclos Donations are rgcognised when the charity has been notified in wrllino of both the amount and selllernenl dale. In the event that a donation is subject lo conditions that require a level of perfomiance by the charity before the charity is entitled lo the funds. the income is deferred and not recognised until either those conditlons are fully met. or the fuifilmenl of those conditions is wholly within the control of the charity and it is probab18 that these conditlons will be fijlfilled In tho reporting per¢od. Legacy glfts are recognlsed on a case by case basls followlng the grant of probate wh8n lh8 adminislralorlex8culor for the 8stst8 has communicated in Wting both the amount and settlement dale. In the event that the gift is in the form of an asset other than cash or a financlal asset traded on a recognised stock exchange. recognition is subject lo the value of the glft belng reliably mea8urable with a degree of reasonable accuracy and the Iltle lo the asset havlng been transffjrrgd lo the Charity. Exp8ndlturg All axpendilure is rg¢ogni50d onco there 1$ alggal or ¢onslNctlva obligation to that expendllura. It Is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar coslg lo that category. Where costs cannot bè directly attributed to particular headings they have been allocated on a basis consislenl with the usg of resour¢gs, wlth central staff costs allocated on the basis of time spanl, and d8predalion charges allocal8d on the portlon of the asset's us8. Other support costs are allocal8d based on tha spread of staff costs. R•lslng lunds ThgS9 are costs incurred in altracting voluntary income, the management of invgstments an(J those incurred In trading aclivlues that ralse funds. Charltable acHvltles Charitable expenditure comprises those costs incurred by the charity In the delivery of ils aelivities and s&rvices for ils beneficiaries. It includes both costs that can be 8llocated directly lo such activities and those costs of 8n indirect nature necessary lo support them. Support costs Support Gosts inGlude Gentral funGtions •nd hav¢ been alloGated to aGtivity Gost Gatg9orie5 on a ba¥1• consistent wrth the use of resources, for example, allocating property Costs by floor ar8as, or per capits, Staff costs by the lime spent and other costs by their usage. GovornanGo co$t$ These include the costs attribut8ble to the charity's compllance wllh conslllullonal and 8tstutory requirements, including audlt, strategic management and trustees meetlngs and relmbursed exponses. Page 19
Cornwall Mlnd Notes to the Flnancial Statements for tho Year Ended 31 March 2024 Taxatlon The charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corpofalion tax purposes. Accordingly, th8 charity 18 polentlally exempl from 18X81ion in respect of inGom9 or capital gains rec8ived within caleg0ri88 COV8r8d by Chaptèr 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such incom8 or gains are applied exdusively lo charitable purposes. Tanglble flx6d assets Indldual flxed ass8ls costlng £1.000.00 or more are initially recorded at cost. less any subsequ&nl acGumulatfjd deprfjcialion and subsequent aG¢umulatèd impalrmenl losses. Trad• debtors Trade debtors are amounts due from customers for merchandise sold or s•rvi¢¢$ p8rfom8d In the ordinary course of buslness. Trode dobtors arg recognised Inltlally 8t the Ir8nsaclion pric8. Thèy arè subsèqutnlly measured 8t amortlsod cost using the effective interest method. less provision for impaimignl. A provision for the Impalrmènl of trad6 debtors Is eslabllshèd when ther8 Is obleclive 8vldenc8 that the charfty 11 not be able lo collect all amounts due accordlng to the orlginal terms ol Ihg ro¢eivable$. Cash and cash gqulvalgnts Cash and cash equival8nl$ ¢omprl$è eÈsfi on hand gnd call dep081ts, and other short-lerm hlghly liquld Snv8slrnanls that are readily conv8rtSblè lo a known amount of cash and are subject to an Inslgnificant rS$k of change Sn valug. Trnde credltor8 Trade credltors are obllgallons to pay for g¢)ods or 88rvlces that have been acqulred In the ordlnary course of buslness from suppllers. Accoun15 payable are classlfied as current Ilablli118s If tho ¢harfty doos not have an uncondlllonal rlghl, 81 the end of the reportlng period, lo defer selllemenl of the creditor for al least twelvè months after the reporting dale. If Ih8re is an unconditional right lo dafer settlement for al least e1ve months after tho reporting dal8, they are presented as non•current Trade credltors are recognlsed InltSally al the transactlon prlce and subsequently measured at amorused cost using the effectlve interest melhcé. Fund structure Unrestricted income funds are general funds that are available for use al the trustees discretion In furtherance of the oblectlves of the ch8rlty. Restricted incomg funds arg those donated for use in a particular area or for specific purpose8, the use of which is restricted lo that area or purpose. Page 20
Cornwall Mind Notes to the Financial Statements for tho Year Ended 31 March 2024 3 Income from donations and 1ogacig$ Unrestrfcted funds Goneral Total fund8 Donations and legacies., Donatlons from indlvidual$ Gift aid roclaimed 25,888 1.617 25,888 1,617 Ti>tal for 2024 27,505 27,505 Total for 2023 41,788 41,788 4 Incom• from charlt•bl• actSvltl•8 Rè¥trlct•d funds Total fund¥ Grants received $42,730 542,730 Total for 2024 542,730 542,730 Totsl for 2023 472,369 472,369 5 In¢ome from other tradlng actlvltles Unrostrlctgd funds Genèral Total fund8 Trading income.. Local fundraising and strget collection income 1,488 1,488 1,468 Total for 2024 1.488 Total for 2023 68.628 68.628 Page 21
Cornwall Mind Notes to the Financial Statements for the Year Ended 31 March 2024 6 Investment Income Unrestricted funds Ganeral Total funds Interest receivable and similar income; Interest re¢eiv8ble on bank deposits 9,489 9,489 Total for 2024 9,489 9,489 Total for 2023 3,127 3,127 7 Other Income Restrlcted funds Total funds Gains on sale of tangible fixed assets for charity's own use 39,622 39,622 Total for 2024 39.622 39,622 8 Expenditure on raising funds Unrestricted funds General T¢)tal funds Other fundraising costs Premises expens8S Wages 2.709 2,766 968 2,709 2,766 968 Total for 2024 6,443 6,443 Total for 2023 28,088 28,088 Page 22
Cornwall Mind Notes to the Financial Statements for the Year Ended 31 March 2024 9 Expenditure on charStable actlvltlès Unr9Strlctsd funds General Restrleted funds Totsl 2024 Note 12 10 Staff Costs located support costs Governance costs 58,693 6,083 2.098 424,425 80,181 483,118 88.264 2,098 571,480 66,874 504.606 Unrestrlctsd funds G8noral Restrlct8d funds Total 2023 Note 12 10 Stsff costs Allocated supp)rt wsts Goveman¢e costs 44,862 39,844 1,913 331.722 24,742 376,584 64,586 1,913 86,619 356,464 443,083 Page 23
Cornwall Mlnd Notes to the Financial Statements for the Year Endod 31 March 2024 10 Allocated Support costs Unrestrfcted funds Goneral R8strlctod funds Totsl 2024 Total 2023 Staff expenses Office costs Inforrnalion and technology costs Other costs Project cosi8 Fln8nce Gosl$ 2.269 19,133 2.269 19,367 2,465 20.092 234 8,447 7,923 42,409 8.447 13,614 42,409 158 10,305 9,635 21,946 143 5,691 158 6,083 80.181 86.264 64,586 11 Tru8tea8 r•muneratSon and expen888 No Trustees. nor 8ny persons connected with them, have received any remuner8lion from the charity during the ar. No Trustees h8v8 received any relmbursed exp8n888 or any other benefits from the charlly durfng tha y88r. 12 Staff ¢ost• The aggregate payroll costs were as follows.. 2024 2023 Staff co•t• durlng the yaar w8r8: Wages and salari8s Other staff costs 479.705 3.413 483,178 385,822 10,762 376,584 The monthly average numbèr of persons lincluding senior management I leader8hip leaml employed by the charity during the year exprossed as full time 8quivalenl$ wa$ a$ follows.. 2024 No 2023 No Senior management team Adminislralor Coordinators Community fundroiser Media, marketlng and communScalions Recovery supporterslmentsl Health workers 17 15 28 26 Page 24
Cornwall Mlnd Notes to the Financial Statements for tho Year Ended 31 March 2024 No employee recelved emoluments of more than £60,000 duriro the year. 13 Independent examlner's rgmunoratlon 2024 2023 Examination of the financi81 stslements 2.098 1,913 Page 2S
Cornwall Mind Notes to the Flnanclal Statements for tho Year Ended 31 March 2024 14 Taxatlon The charity is a registered Charity and is therefore exempt from taxatlon. 15 Tanglbl• flxed assets Land and bulldlngs Total Cost Al 1 April 2023 Dlsposals 187,000 187,000 187,000 187.000 Al 31 March 2024 Depreclatlon At 31 March 2024 Nèt book value Al 31 March 2024 Al 31 March 2023 187,000 187,000 16 Dobt¢r• 2024 2023 Trade debtors Pwp8ymenls Other debtors 63,866 186 12,010 4,880 616 10,796 76,062 16,292 17 Cash and ¢a•h oqulvalonts 2024 2023 Cash on h8nd Cash al bank 89 521,371 100 337,559 521,460 337,659 Page 26
Cornwall Mind Notes to the Financial Statements for the Year Ended 31 March 2024 18 Croditors: amountB falling dug Wlthln one year 2024 2023 Trade creditors Other creditors Accruals 4.350 7.656 12,634 7,420 543 3.017 24.640 10,980 Page 27
nmT
C) UJ ¢L) n m n i n r/J G) (n c) tr. ) Ln L4 u ct cw C4 (0 a) (4> c)
iJ
G)nrnz(n OL 000)0 00¢00 0 0 (7) O ¢X> o (n eo o) <n u)