Charty registration number.. 1176942 Cornwall Mind Annual Repryt ar￿ Flnand81 Statements for th8 Year Ended 31 Mar¢h 2025 Cornwall Mind Contents Referon¢e and A(Jminlstratlve Detalls Strategic Report 2to3 Trustses, Repcrfl 41011 Independent Examinerfs Report 12 Statèmènt of Financial Activtses 13to14 Balance Sheet 15 Notes to the Flnan¢lal Stste[￿ts 161029 Cornwall Mind Reference and Administrative Details Chairman Amne Jeffery Trustaes Anne Jeffery Demelza Tojd. V4e&Ch81r Diana Smrth Zara Mason Christopher Mors6 Ir88ign8d 219r20251 Andy Jago David CTaddock Jen Gladst￿0 Liz Rumble (resigned 715120241 Wendy Cousins (resigned 91712024> Jade Houghton lappoinlod 61512025) Kale Prfc8 lappolnled 615120251 D8bor8h Stsiner lappointad 615120251 S¢nlor Managoment I L•ad0rshlp T•am P8uI Reeve. CEO Lom8 Richardson. Owr#lion8 Manager Caron Re8ves. Finance Officer Kathleen Head, Projett CO￿rdInatOr KaOeigh Rfjeks- Project Ccthlnator Charlty Reglstratlon Number 1176942 Rogist•r•d 0ffl¢o 2A Hamley Court Dènnison Road Bodmin PL312LL Independent Ex•mln•r GW & Co. Limited Watersidè Court Falmouth Road Penryn TR10 8AW Page 1 Cornwall Mlnd Strateglc Report for the Year Ended 31 March 2025 Th8 trustees, pre88nt tholr Stratogk rewt tQ3thr wlth the firwiclal statemonts of the Charfty for the year ended 31 March 2025. Flnanclal revlew The financial year b8gan a very ambrtbu8 tsrgot wSth many posftlve OPPOrtunitw on the horizon. We have stsrted pLgnning to open a nèw comm8rcial venture at our extsting premL8es whlch wlll be second hand bookshop & coff99 shop . This will be th8 first project lo div8rsify our income Stream wh115t al80 being a vanue for signposting and advice lo our customets. We hope to use the venue for w8llbglno book clubs and a150 lo create brand awarenes8 on the h￿dh $tre8t. Funding comes lo Comwall Mind frcm a vanety of Sources in¢luding'. Comall and Isles of Scllty Integrated Caro Board. Comwall CounGII.. Comwall NHS Partn8r8hlp Tru81.' N8tlon81 Mlnd: l¢x81 ¢ommunity fundraising. l)Jr finandal r)osllion Is rey￿ed monthly and reported lo the Board at our bi-monthty meetings . The Flnanc• Omcer 8nd our vcAuntèar Finance Advisor to the Board , who srts alongside the Board 8$ 8 volunteer, me81 regulady lo discuss the P)8itk)n . Tha Flnance sUb￿rOuP is m8de up of the CEO, Finance Officgr. volunteer Finarrial Athtsor and Chair of the Boa￿ . Thay meet 8v6ry eight w6èk8 ahead of th8 Board Mogb"rwJ to discuss all matters rolating to the thanty's financgs. Th888 i￿lUde updates on tho flgures for each month which are balancgd against the 8udgat . Salari6s, financial polici¢$, investsnents, fundratslng ineoma as well as inccffi8 genefatH)n ig also d¢scJJssad. This has proved to be th8 be8t way of pr886ntirKJ 8 well prepared, precise financLql plctur¢ ts tho Trustees al Board Mèetings. Recently we have been mvlrg towards u$irvJ morn •thi¢al. sustainablè banking servicos . We have been $u¢¢esslul in se8kiThJ new banklng arraryments th order to take advantage of the ncrèaslng Interest rates on our savbngs aw)unts. We have a 8eparate R¢ser¥es Pollcy in place whk* 18 consld6red adtyuote by the Board in order lo m6et 8ny potenti81 need Such 88 an unfrxpeded drop In Income or lo Support the charity as It grows. Page 2 Cornwall Mlnd Strategic Report for the Year Ended 31 March 2025 8ub Groups The Finance sub group meets on8 weèk bafor8 each Board meetsng in order to review the firiancial tK>sition. The Financial Rewirt and Summary are sent to TNstees one week akead of each Board meeting in Ofdgr lo review and pose questi￿$ to the Financial Advisor in r￿der to increase darity 8nd understanding. The Polldes and Proc8dures sub group engage with the wdtlng of all new poiiclgs and rovisg and amend existing polKes . All polKies are pr85ented lo the Board for ratrF*cation . Both sub groups work Independenuy. Items are brought to Board Meetlrys for fvrther dlscLB$ion required Thg Quality wO￿lft9 Group, whilst not bging a B¢)8rd gro￿ , tos a number of TfUStee$ invofved amongst th8 members . Several ofthe Trustees have lived experienGe and are able to bring 8XP8rf8nce and advice lo discussion. Staff and Volunto•rs The charity hokls a Team Day ￿1c8 each yoar wh6ch brings ￿eryOne twer includlng $taff, volunteers and trustees which15 8 very informal day and includes presentatlons by various prole¢t leads to the audlence, eallng together and Sharing eXper￿CeS. Oue to thg I￿? working of som8 of the slaff members, this serves lo infomi everyone of drfferent roles and ￿ very important for the posrtive cU￿U of the organis81k￿. Supervlskjn se8sion8 ba￿Éen Ilne manag8rs and staff are h¢kJ wulaty in order to ensure that every staff member feels valued and a very blg part of Comwall Mlnd. Th8 nature of much of OUT engag$menl with clients 68 done Ihrough remote WOTkiry and we offer support and encouragement to our team and demonstrate that through promoting slrorrfJ wmmunic8b.on and collatoration . The CEO and Ch*ir ff*et regularty lo discu88 Al m8tter8 f8lallng to Comwall Mind. Tho¥9 Are opportunlt198 to dlscu88 strategy. successes & chall8nges. oblect¢ves. rlsk$ and h8ahh & 6af6ty Togethor, Ihgy work through the current srfualion and future plans from a slrategic point of view. Thls helps to gulde both the charity and thè Board . The CEO presents o vèry detslled and Infomialfve report to the Board ahead of each Board Meeting. Our volunteers are very important to the smooth Tunnlng of Cornwall Mind and we value thgir hug contrfbullon lo the charlty. We have a staff member who is a very a¢trve v￿￿nteer Co-ordinator and Works hard to grow our voluntser numbers and to keep them engaged eThJ involved. Volunteors are a￿ayS invil8d to the Team Day ￿1¢8 a year The slralegic report was ap[￿0Ved bythe truste88 ofthe chantyon /.¥lii. .. . and spJned on Its beh8ff Anne Jeff Chairman an(J trustse Page 3 Cornwall Mlnd Trustees. Report The trustees prosgnt ￿ annual r8PQrt tcgother wilh the financi81 ststements of the Charity for th8 year ended 31 March 2025. Objectlves and activltl•s Cornwall Mind is an independent charty mmmilted lo supwting better mental health for everyone in Cornwall Ajthough we are 8ffiliate(J to nab"on81 Mind. Cc￿nw￿l Mlnd is 8n iryjependent charity that develops ils own 51ralegy and raises its own funding. Ouralm k8 to help in our h)Gal Gommuniti'es lo improve their mental health arKI wellbeing. The charity mak8s a very ImFrfxfant con1riblrt￿n to improving mentsl health in Comwall and is dedicated lo delivering improvements to seN¢4s as well as influencing de(asion8 that affect the wellbeing of everyone who lives here . proportton of adults aged 18+ wlth manw health Pfoblems in Comwo11 Is 8at to Increase unlll al 18ast2030. Comwall Mind supports the population of Comwall vthhin urban arKI rur81 areas ofthe county on Ihelr }oumgy lo recovery. The charty conslder5 trat it *s important lo b8 able to offer a variety of solulk)ns that enable peopl& to move forward. The way that we do this indudes the preVent￿n and mainten8n¢g of ￿aNhY I￿ing. SUPFth'ng recovery and r8slllanca, eknallon9ing 8b.gma 8nd improving 8eTvlces . Cornwall Mlnd continue8 to grow with 8 strong •rKI 8usl8inabl8 buslngss FAan to devebp more support throughout Cornw811 enabling many peO￿e to access the services that we offer . With over ¢)ne In four people experfencing a mentsl heath problem In Cornwall . our s8Nke$ are needed mra than Over. We acknowledg? that our income $tr98m8 may change over th8 nèxt few yaars du8 to chaThJgs in ommissioning but we have a plan to increase CcKe In¢xJmg from other areas of operation. Th8 charity has achieved great success working with delTrvery parth8rs. Our CEO has oonb'nued to bulld Strong relationships wlth slalulory health services and commisswrs wh￿h has led to an increaso In tho number of contracts that we delivor ond we are th8r6fore ab￿ to support many more people. W8 have d80 increased OLsr work in th8 Community including expanding the number of wellb81ng groups thot we d61Nar. T￿se have a strorwJ focus on suP￿rt lo rgcovery and re$ilionce . ObJ8¢tlv•8, $￿ta919$ actmths Corrmall Mind continues on its gr￿lAh trajec￿. The charrty ss d￿ersIfyIng wllh new Income stre8m8 comlng onllne and has been able to stsrt ddfverfng Wellbeing Groups Sn many new locallons In th county . These varSous groups provide support for m8ny dients who suffer with their mental health and for others. Ih8y arg a lrfeline. This developmenl of new income streams and in new geography has sh¢)wn signfficant changes in business development over the year. Thay fft very well vllh the Objgclives that wa gel at beginnlng of the ye8r arwj are dosely allgned wtth the Strategy. Wo have also been successful In the contbnuatlon of some 8XiSting projects which is 8 sign that our ￿VIceS are delivered $ucc8ssfully and to o high standard. Th8 FLrture in Mind.. Adult Mental Health Stratogy1201&2024) dcojment publish8d by thè Comwall and the Islès of Scilty Haallh and Swal Care Partn9rship stratagy fts)Jsses on the whobb pgrson and thelr individual loumey. tt èmphasises prevention and maintenance of haathy living. Pa98 4 Cornwall Mlnd Trustees. Report Le¢ally there are six ar￿￿ of f¢￿S • Preventative approathes. . Easigr access lo troatment ensuring parity of esl88m. . Personalised care and greater choices. . Recovery focussed and rOsi￿enCe fomiing. Greater integrati¢X. • Embracing n8w lechn(logy Business dgV8lopment ov8r the past year has 8chiev&J tts and provides a sustainable mcd81 for the future . The CEO works lirel8ssly for Ihe charity lo achieves its objectrv&s . He has strong values around how Cornwall Mind delivers on its ￿Mm11ments aThY has developed 8 business plan which 18 crgallng sustainable growth. Structure The slructurg of Comwall Mind continue5 to evolve as we grow. As ftew projects have come onlin8 and recruilmenl has been required for new roles. we have been able to move stsff members into now positions. This has often enobled our staff members to grow th8ir exp8rienc¥ wlthin th6 org8nlsatlon 8S well as feeling valued and supported in their care8r. Cornwall Mind Is detjicaled lo providing its slaff wrth the best working an￿ronment , cOr￿al￿)n$ an¢J salary that they can . We are a Real Living Wage employer and are proud to offerstaff members support and respect in all 8r6as oflheir employmenl. We hokj Ihese values very strongly and our s18ff feedback indicalgs that they feel valued. supported and fespec18d The uttimale goal is that we improve staff reiention and continue to build on our Tr)mmitted team. Our San￿r ManagementT6am are embedded in the eh8rity and work alMgsbJe the CEO . Th8 slrongth of thls group has beèn Important In balanelng the needs of Cornwall durlng Its growih over the year. It has also created mcKe Ilme to enabl8 the CEO lo engage with partner organisalions. to sit on Boards and M8n181 Heatth Groups and to bulld Important ralaty"onshlps wlthin the Mentsl Health Sector Strategy Al each Slratggy Day , we review our strategy lo ensure that we a￿ tracking along the right lines according lo the n8ed8 of those we serve and a180 the economic landseape around u$. We thèn set SMART objectives. in discussion with the CEO and drawn from our strateglc oblo￿lves, lo be achieved eech financial year. These obj'gctives aKYays fft wlh our Mission and our Value8. A summary of our strategic Objec￿ fc* the next five years . we alm to". 1. PronTr)te recovery. reSi1￿nCe and prèvention 2. Challenge stigma and infiu8nee strategy 3. Champion the voice of Ived-experience within the seclor 4. Develop opportunttles lo support the recovery an(1 retjll￿c8 of young people P4e5 Cornwall Mlnd Trustees. Report 5. Seek opportunitles to support ur￿er-repreSented peo￿8 6. Develop a cultyre of &xcellence wilhin the org8nisabon 7. Ensure that all staff and vdunteer5 feel valued aT*J ara 5UPPOrted to grryw aTrJ dgvelop Publlc l>enefft The trust86s thal they have COME4￿d ￿ryth the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefft guhjance publistiad by th8 Charity Commisslon for England and wa￿8. Performance, A¢tlvltlgs and lfflpacl ie icsA ri12 ri125 rf124Awl 25 1&19 0-29 39 049 59 84 16 nknown endor '124- Aoril 25 109 ale NorF8lnary refer not to say Unknt)wn 05 otal e6 Comwall Mlnd Trustees. Report èXU810rf8ntstlon 14pril 24- April 25 47 Heterosexual aylLesbian Bisexual Pref8r not to Say refer to self4escribe Unknown otsl thnlc Background ian rll 24- Aprll 25 ixed ixed While & Black Caribbean hN8 Britlsh ther Whlle 71 nolher refer not to say nknown Cll•nt projecl lJr••kdown 10 rol•ct cllent •ngag•m•nt mber. ildult Eating Dlsorders Redress. Communlty Energy Project Hlgh Inlen81ty Uws ext Steps Hom816ssne88 Trainlng ext Stèps Homelessn￿5 h￿1th and W￿l￿1n9 Noah. Anlmal Hoardln9 Peer Supwrt Wor*er Ne￿Ork Rehab Peer Support Workers Recovery and Resilience Groups 112&Apfl 25 101 12 Page 7 Comwall Mlnd Trnstees. Report Cll•nt G•ographlcal locatlon TMtlrnonlal• We are roué ofthe Im act we make on Ouf eo le's Ilves and have Induded a tes￿MonIal$ to 6 o flavour Creative Writin I w88 really struggling wilh anxiety arKI my mental health was $Lfflering wilh I￿k of Sleep, over thlnking and wnstsnl worry. I wa3 tying rgally hord to raise my sell-eslaem and ￿nfidenc0, but often f&ll nh8ard. l honesdy say thal the sw)port I have received has bean Irf8 changing. I f8K heard and 8UPPOrted and liko I was induded fc* tho first tim? In my lifo. My wellbeing Is vastly Improved. I fett like I was spendirrfj my life trapwj inside thi8 bubble of anxiety. bllnkered almost. only seeing what was in front of me. Just moving and existing. not re8lly living. But now I le81 like the blinkers are off, I'm exclted to get up I the moming, to do some writing. When I feel anxious l ow gel out the writing pa(J a￿1 just pour all Ihe ernotK)ns,, feelings and stress out onto the poFfjr I feel the bkd( cloud lifkn'ng and so happy. writi.ng Illeral￿ s8vos me, lums my whole day around. I feel like I'm seeing the world through mplgtgly different eyes. It realty has helped my Immensely. although I gtfll h8ve anxlety, 18m not m8n8glng It through sew- exwes5ion and creativity. I fed in cxjntrol of my emotvjns and thoughts whereas before my lime on this course I felt like they controlgd mg. Pag& 8 Cornwall Mind Trustees. Report Alotment I w8s depressed, lacking confidence oui of work for several month5. 1 had just buml out from my PHD and was wweasirrfJty shut in. I was unatAe to function. My menlal heallh wa5 in sleep decline. The mentsl health support gavè me back my ￿fider￿e to tha degree th811 wos 8trAe to apply and gel a permanent conlr8cI employment. It laughl me min{Wuln￿ which helpéd me manage my anxiety. It grounded mè Ihroughoul bereavement and crts18. My dme In Ihe group has giv8n me practlc81 skills I aFfsly in my g¥den and uslng the focNJ I have grtr•yn has tsughl m8 cooking. It gave me back my life. The service met 8nd exceeded every chaI￿nge. It helped me gfiy•V in ways I couldn't conceive ol 88 well as those we planned together. The support rt offered was perfect for sorne￿e who didn't know everything they needed. Sometimes you don't know how lonely you are lill you have soci81 support. As SLth l em grateful. ThK8 is th8 first lime e supporl service has made a slgnificanl demonstrable Irrprovement in my lrfe. I have been acceptsd and know as my3elf and not judged for my transgender id9ntily or my saxualty. It has helped me hgal and be myself wlth confidence. The volunteer5 wilhoul fail have been knnd arKI ¢onsid8rale. In fact I would go $0 far 88 to 8ay they 8re the kindest support workèrs I've ml. Their commUnKats￿ 1$ unparnlleled and l am lucky to have taken part In th18 group. Thank you. I was struggling wth overylhirKJ. dalty chores, harwjling my &motlons, worrying aL￿t tho futur6 and thlngs totally OLrt of my control. I w8s findlng M harrj to come 10 1grm$ wlth16itlng go to the old me. not belng s81isfied wlth the person my Illness had made me become. was fantasllc, I found il $0 gasy lo tslk to her about $VOrythlng bul It was partlculady helpful that both she and I sharod $lmll8r dlfficullles and I felt she really understood what I was going through. l am far frryn p8rfecl but l am beginning to tske time out for mysdf. l am tsking small slaps forward and feeling proud of my sm0118chievemenl8 inslead of fe81ing quite so bummed OLrt by the things I can no longar do. I belleve Lin helped m8 a ma￿r woblgm Ihal I hadn't truly rec￿nIZed a$ ong of the corè factors about how bad I was feeliro how much I was struggling by Foinling out that my thronic health ¢ondilion was playing a ttuge part. il had 811owed me to addfess the issues wlth pacing and enabllno me lo begin to accept I'm changlng In o r￿re poslUv6 Ilght. l am 80 Impressed wtth the help Lln and Mlnd have given me. Structure J govgmaneo and management R￿rUItment and appolntm•nt of trus(••s W8 are 8 strong and Inclusive Board of Trustee8 vkno SUPFQrt Ihè tharity to shape the strategy and we believ& in the vision. Ea¢h year the Trusloes hdd a Strategy Day wilh the CEO to d8volop plans for the future and creatively engage with the way I￿ard lo athieve our goals. Our strategy airns to reach out lo everyone who needs the seNices of Comwall Mind. seekiw ways to work wth marginalised and under-represented communmbs in the county. A number of our Trustees have livgd experience of mentsl heatth and bring a wealth of knowledge and Information lo the Board room discu￿OnS. Wè are commilted lo increase the diversity of our Board whilst mainlainlng a bft>ad skill seL Trustees serve a minimum of three years on the Board and can be reapwnted f(4lowing Ihal p6ric*J for Jrther three year8. Page 9 Cornwall Mlnd Trustees. Report We hava recenlly conductad a Skills Audit amongst cojr Trustèes In ord8r lo hkJhl(ght thé strengths Ihal we have and the skills that we woukl like to recrurt. At the end of thi5 financid year we are acttvely seeking to fill the gaps that were revealed whilst conduthng our SkilL8 AJJdiL Organlsatlonal slmcturn The structure of Cornwall Mind continues to evolve as we grow. As new proje¢ls have come onllnè and recrurtment has been required for new roles. we have been able lo move staff m8mbers into new posillons. Thls has often enabled our stsff members to grow thwr expen8n¢e withln the organisalion as well as feeling valued and supForted in thew career. Staff r8tention is an issue across the sector . CcKnwan Mind is dedicated to providing Its stsff with the best working enwronmenl , condith)ns arKI salary that they can . We are a Real LNing Wage employer and are proud lo offer staff members supp￿1 and fesped in all areas of their employment . We hoid th8se values very strongly and our staff feedb8ck indlc8tes th81 th8y fe81 valued. supported and respected . Tha uttimat8 g¥)al Is thal we Imwove staff retenlknn and o)ntinue to bulkl on our cornm￿d team. Our SgnKyr Management Team are £m￿dded In the charity and Work alongshle the CEO. The strength of tr1$ group has b8en Important in baL9n￿r￿j th8 nèeds of Comwall Mlnd durfng rts growlh over the year. It has also created M(￿ time to enable the CEO to erwJage with partnor or9anisatsons, lo sil on Boards and Monlal Hoalth Groups and buld impcY1•rt relalion5hips within the Mentsl Hgarth Sector. Flnanclal In¥trumonts Obfvctlves and pollcl•• The charily's activities expose il to 8 number of financi81 risks induding Cr￿11 risk, c88h flow risk and liquidity risk. The use of ffinanclal derlvatlvès 18 govem8d by th8 charity's poli¢i8s approved by Ihe board of twstses, which prowde written principles on the use of finanoal derivalives to mnage these risks. Tha charfty dcfjs not U8e dewivalNe financkgl in8trum8nts for $p8¢ulativ6 pvrF*)se8. Rl8k8 The Chair meets the CEO regularly f¢x an update m the activthes and risks of the ch8rtty. They aL80 regularly review the full R￿k Register and make adjustments as required. The addilions and amendm8nts are thèn discussed al Board Meetings. The full Rlsk Regist¥ is orculated to Tn¢s1￿8 qU8rt8rty. The charity TnBtg9$ havg considered the rnaior ri8k8 to the charlty and aro 8atb$fiod that Iherg are adequate Systems and PrO￿l￿reS in pla(¥ to manage those rl8ks. Mlnd Quallty Marlt Cornwall Mind was as86888d by Natlonal Mln¢J during 2024. Th Mind Qu81ty Mark IMQM) is an ass8ssm8nl against 20 stsndards set nalionally evèry 3 yeats and eath lo￿1 Mind charity h8S to go through the process. This is a rvjorous process but seryes to highlMJht the strengths and Improvements for all I￿01 MirKIs. Cornwall Mind sue¢essfulty athieved the MQM with areas of excellence identified in Leadership. Effective servI￿s & Contributs'on lo the Mind Federall￿. This is testament lo Ihg hard work and overall professionajism of all staff and a fithng reward for all that they a(*ieve. Pa9e 10 Comwall Mlnd Trustees. Report Statemwt of trustses, re6ponslbllitles The trustees are rfjsponsible for preparirKJ the tvuslees. reF￿rt and the financial stat8m8nts in accordonce wlth United Kingdom Accounting Standards (United KIn￿10M Gen8rally AGcèpled Accounting Practice). and apFAicablo laws and regu￿￿On8. The law requires the Iruste8s lo prep8re finan(i81 staiements for fin8ncBI yèar. The trustees must not approve th8 finandal ststements unless Ihey are satisfied that they give a true and fair VRW of the 8ts18 of affairs of the charlly 8nd of Ihe incomir*J resources and apFAication of resourc88, including its incom• and expellditLÈre, of thg charity for that period. In prepallng these financial stslgrnents, the InJ81888 ore required lo= select suttsble accounting pdicies and apt4y them Lx)nsistenty, observe methods and principles in the Chanti8s SORP- m8k8 judgements and est6mal$s that are reasonable and pwdont., state whether applica￿￿ accounting standards, comF¥lsing FRS 102 have been folkh¥ed, subject lo 8ny material departures di8clc*ed and explained in the flnancial staterrffjnts.. and prepare the flnancyal 3tal8ments on the going c(¥ncem basis unless tt is inappropriate to presume that the chortty will continue in busin￿$. The Iruslees are responsible for keeping proper aCC￿nting re￿dS that can discb8e wth reasonable aecuracy al any time the financial position of the charity and enable tham to ensure Ih8t the financlal statements comply wrth the Charities Act 2011. Thgy are also responsible for safeguarding the assets ofthe ch8rlty and hencg I￿ laking reasonable stèps for thè preventlon and delectlon of fraud and other Irr8gularhle5. The trustees oro responsible for the maintenance and Integrity of the corpffite and finar￿al Infom8tlon Included on the charity's websitè. Le9tslation govwning the proparats.on and dissemination of flnancial 8t8lem8nts may dlffer from leglslatbn In other ludsdlckn$. . and ¥oned on its behalf by: Anne Jgffery Chairmon an¢J trustse Page11 Comwall Mind Independent Examinerfs Report to the trustees of Cornwall Mlnd (Ihe Charlty? I re￿rt to the Chartty Irl￿te8S on my examinatlon of tho a￿Oun18 ofth6 Chaty for the year ended 31 March 2025. Responslbllltles and ba¥ls of report As the charity's trustees of ￿ charity, you are reswnsible for the pr8parnkn.on of the accounts in o¢cordanc8 With the requlreff￿nts of the Chariti'es Ad 2011 llh8 Act.). I report in respect of my examination of your charity$ accounts as tamed oul under section 145 of tho Act 2011. In carying out my examination and I h8v8 f01b)w￿ dl the ap￿￿t4e directions givon by the Charity commission und8r sethon 14515Mbl of thè Act. Indgp•ndwt oxamln9rf8 stat•ment Slrte the Charitls gr￿ irKome exceeded £250,1)00 your gxaminer must bg ? memberofa body Ilsted in section 145 of the 2011 ACL l ￿￿ffirm that l am qualified to undertake the ex8Tnination because I gm mgmber of ACCA, whlch is one of th8 Ilsted bo(Jie5. I h8vo completed my examln8Uon. I confimi thal rbo m8tt0Tr have come to my attentlon In connectlon with the examinats'on giving me cause to tdieve.. 1. accountlng record8 wero not kept In respect of Comwall Mlnd as requI￿j by sectlcKt 130 of th8 Act: or 2. the accounts (lo not aCL￿rd wmh th088 recoros; c 3. tha accounls ¢Jo not comply vAlh the accounting requFrnments concèmlrrfJ the fom and conlent of accounts sel out In the Charf¢ie8 (Aecounts and Reports) RtyulatKJns 2008 other than requirem8nl that the accounts give a and f8lr vlthv. whl¢h Is not a mgtter consid8rad a$ part of an independent examination. I have no concems and havo come across other m8tt8rs in ¢onnectlon wrth the examination to which attenllgn should be drawn in reFort in order to gnable a propgr underSta￿lIng of the accounts to b& reachad. orah Wart)urton FCCA GW & Co. Limited W81ersid8 Court Falmouth Road Penryn TR10 8AW Page 12 Cornwall Mlnd Statement of Flnancial Actlvities for the Year Ended 31 March 2025 (Including Income and Expendlture Account and Statement of Total Recognised Galns and Losses) UnroStrtGted R￿tr1¢ted funds fund• 2025 Incom• and Endowm•nts from: Donations aThJ18gaci8s Charltable activrbes Other trading aclNiti&s Invèstment income 37.030 37.827 680,777 453 74.857 680,777 23.445 15,861 22,992 15.861 Total income 75,883 719,057 794,940 Exp•ndltur• an: Raising funds charitab￿ actiwtses {36.7551 19,637 {36.755) 655.973 636,336 Totsl &xp8ndlture 56,392 636.336 692,728 Net movement in funds 19.491 82,721 102,212 R•conclll•tlon of fund• Totsl funds broughl forward Totsl funds carried foThvard 222.624 350.258 572,882 17 242,115 Unr•strldod funds 432,979 R•$tri¢tgd funds 675.094 Total 2024 Incom• and Endowm•ntsfrom: Donauons and legacie$ Charitable actiwbe8 Other tradlng actsvhles Investment Income Olhgr Income 27,505 27.505 542,730 1,488 9.489 39,822 542,730 1.488 9.489 39.822 Total incomè 38.482 582,352 620,834 Expendltur• ort.. Raising funds Charltsble acOvNle$ 16,443) 66.874 16,4431 571.480 504.606 Totsl expenditure Nel (expenditu￿vIncorne Transfers between funds 73.317 504,606 577.923 134,8351 196,622 77,746 196,822 42.911 Net movement in funds 161.787 {118.876} 42.911 Reconcillalion of fiinds Totsl funds brought forward Tolal funds carried foward 222,624 The note8 on p89e$ 16 to 29 forn an integrdl p8rt of these financial st8laments. Page 13 60,837 469,134 S29,971 17 350,258 572,882 Cornwall Mind SLqtement of Financial Activities for Ihe Year Ended 31 March 2025 (Includlng Income and Expenditure Account and Statsment of Total Recognised Galns and Losses) l of the charity's activiti'es derive ITCM conkn'nuirwJ qjerdtm during the above peri(xls. The notes on pages 16 to 29 fcm an Integrdl part of these finanryal statemefts. Page 14 Cornwall Mind (Registration number. 1176942) Balance Sheet as at 31 March 2025 2025 2024 Not• Current assets Debtors Cash at bank and in hand 14 43,374 681,527 724.901 76,062 521,460 597.522 15 Credltorn: Amounts falllng due wlthln one ygar 16 24,640 N•t ass9ts 572 882 Funds of th• charlty: RgStrl¢t•d Income fund• Restricted funds 17 432.979 350.258 unrnStrlGt￿ Sncom• fundi Unrestricted funds 242.115 222.624 Total funds 17 675.094 572 882 The flnancial ststemenls on pages 13 to 29 wer8 apyovad by the trust•8s. and authorfsed for Issue on i.¥]JiJ.%)- . and Signgd on tholr bohaff by.. Anne Jeffery Chaimian and Trusteè Demelza Trusteè The notes on p8ges 16 to 29 foryn an inlegral part of these financial statements. Page 15 Cornwall Mlnd Not89 to the Financial Statements for the Year Ended 31 March 2025 1 AG¢ounllng pollcle• Summary of 81gnM￿nt accountlng pollcle• and key accouthlng e8Umates The pnncipal accountlng pollcies applied in tha preparatKJn of thes8 financial sts18ments are set out below. These policies have been consi%tently applied to all the years presented, unless otherwise Statemènt of eomplianc The financial slalements have been wep8r8d in accordonce wth A￿inting and Reporting by Charities.. Ststemenl of R8comm6rKled Practice (applicable to charitiès preparing their accounts in accordance with the Finanual Rewting Standard applicable In the UK and Republic of Irdand IFRS 10211 li88ued in Octotrm 20191- (charit￿$ SORP {FRS 102)). thè Fln8nci81 Reporttng Standard applicabb8 in the UK aThJ Republlc of IrelarKI IFRS 102) arvj the CtyYwnie$ Act 2008. Ba•1• of pr•paratl¢)n Comwall Mind meets the definition of a publi¢ b8nofft èntity under FRS 102. Assets and li8bilitias 8r8 initially recognised at hk8toricd cost or tr8nsactM)n v8lue unles8 stated In th8 relevant accounting policy notes. Golng conc•rn The trustees consider that ther8 are no material uncertainties ab)ut the charitls abillty lo conttnue as a going concem nor any signffjcanl areas of uncertalnty that affect th8 carylng valug of a$$ets hèld by the charmy. Ex•mptlon from pr•p•rfng • cmh flow stat•m•nt The charity opted lo early adopt Bulletin 1 publishod on 2 Fobruory 2016 and hav8 tharafore not Included a cash flow staterrnnt In th868 fin8nc181 slatements. Incom8 and •ndoTmnts Voluntary Income including donations. gffts. legacies and grants that prov*Je core funding or are of 8 goneral natrJro are rg¢ognls8d when thg has entiuemenl to the income, it is probablo thal the Income wll be received and the amwnl can be measured wfth Sufficionl roliablity. Don•rfons •nd lega¢les Donations are Tewgnised when the charlty hag be￿ nollfied In wdtSng of bolh the amount and sotuement date. In the event that a donati¢)n is suly'ecl to ConditK￿S that require a level of performance by the charfty ￿fOre the charlty is enlitled lo the funds. Ihe income is deferred and not reGognised untll either those condiliLK)s are fulty met. or the fulfilment of those conditM)ns is whdly within the control of the charty and it ￿ probable that Ihgso coThJitI￿S will bg fvlfilled in the reporting p8ricd. Legacy gifts 8r8 r8CO3nised on a case by case basis folkAving tr￿ graftt of probate. when the admln151ratorlexeuJtor fof the estate has communicated in vthlng bolh Iha amount and settlomenl éale. In ¢he event that the grft 1$ in the fomi of an assel other than of a financial asset Iraded on a recognlsed slock exchange, rec￿nIth)n Is sublecl to the value of tre gfft being reliabty mea5urabbe wllh a degree of reasonable accuracy and the titte to the asset h8ving been transferred lo the charity. Page 16 Cornwall Mlnd Notes to the Financial Statsments for the Year Ended 31 March 2025 Expondlture AJI expenditure is recogni58d once is a legal N construthe cknligation to that expendiluro, rt18 obable settlement is required and the amount can be measured reliabfy. All costs are allocated lo the applicable exp9ndilure heading that aggregale similar wsts to that category. Where costs cannot be directly attributed to Porticular headings they have been alkxalod on a basis consistent with the use of resources. Trmlh central staff cos18 alk)c8led b8sls of lime spent, ané depreciation charges allocated on tha portion of tho assal's use. Other Support costs arg allocated based on the spread of Staff costs. Ralslng funds These ara costs Incurred in attracdng voluntsry irnyne. the management of invostmants and th088 Incuffed in trading actiw't18s Ihat raise funds. Charftable ￿t￿lI105 Charitable exp6ndilure compris9$ thos8 costs incurred by the charity in the delivery of its activities and 8orvlce8 for its b￿9fIcianft5. It indudes both costs that can bè allocated dirgcdy to Such acts'vi1108 8nd thosg eosts of an indSrgd nature necessary to supFLIrt them. support costs Support costs Ir￿Ude central luncti¢2n8 and have been allocated to actsvity cost categode8 on a ba8ls consislenl with Ihe use of resourc9$, for eXaM￿e, alkx8kn"n9 propgrty by Iloor are88. or par capila, staff Costs by the ts'me spent and other costs by their usage. Go¥•rnance C￿ts These indyde the costs attrlbutabla to the Char￿,$ compfiance conslilulional and ststutory requlremenls, Includlng audlt, stratgglc managemgnt and trustees mg&fjngs and relmbursed oxpansès. Taxatlon The charity Is consld8red lo pass the tests set out in Paragraph 1 Schedula 6 of the Financo Aet 2010 and therefor8 Il meets the definition of8 chanty for UK corporalbn tax puTpos&s. Accor(lingty. the charlty 1$ potontially oxèmpt from taxa￿on in r$$pect of Ino)mo or I￿pIt31 gains received within ¢ategoTI6S covered by Chaptèr 3 Part 11 of the Corporalion Tax Act 2010 or Sectlon 256 of the T8x8tlon of Chargeable Gains Act 1992. tothe exlerrt that such IrKom6 or gains are appl￿ 8xdu$ivety to charltable purposes. Tanglblo fixed a•*•ts Individu81 fixed assets Gosling £1000.00 or more are initialty recorded al cost. less any $ub8equenl accumulated depreciatson arKI subsequent accumulated Impalm￿nI losses. Page 17 Cornwall Mlnd Notes to the Flnancial Statements for the Year Ended 31 March 2025 Tr8dè debto Trade d8btors are amounts due from customers for merolaTh*se sc*J or wvicgs perf0m￿l in the ordinary course of busines& Trade debtors are recognised inrbalty at the transaction price. They arè subsequenlty measured al amorti88d cost using the effective inleresl rnelhThY. less provisM)n for impairment. A prov¢sion for the impairnient of Irade dablors is estsblished when there is Ob￿CtIve evidence that th8 charity will not be able to cc41ect all amounts duè accordin9 to the ongnal t8rnts of the rec8Nabl8 Cash and cash •qulvahnts Cash and Cash equivalents comwise c8sh on h8rKI and call deposits. and other short-twm highly Ilquid invostments that are readily eonvortltdo to a known amount of cash and are subioGt to ￿ Insignif￿nt sk of change in Value. Trad• crodltor• Trade Creditors are oblig81ions lo pay for &4)ods rx semces that have baen acqubred in the ordinary coursè of tMJ$iness from suppli8r8. Accounts pay8bl8 8re cL988ified as currnnl liabililies rf the Charity does not have an unconditional rfghl. althe end of the reporting period. to defer settlement ofthe creditor for atlgasl N¥efve months after the rèporting datè. 11 thgrg is an unconditional righl lo defer Sett￿ment for al leasl months aftgr thg rowrting dale, they ar8 pros8nt8d as nontal 2024 G8ln8 on sale of tan01b￿ Ilxad assets for charty'$ ovm usa 7 EXpondI￿r• on ral•lng lund Colts of tradlng actlvftle• Unre8trlGlod nds G•n•rnl Total 2025 Totsl 2024 Co8t8 of gtsjds 80kl L¢xal fvndraising and streol ccAl8thon Propgrty rèntal incom8 costs Other direct cosis of acliwti88 for gener8ting funds Wag88 725 5,335 2,045 725 5.335 2.045 2.709 2.766 13,897 14.753 36.75S 13.897 14,753 38,755 6,443 820 Cornwall Mlnd Notes to the Financial Statements for the Year Ended 31 March 2025 8 Expendltufe on charltablo actlvttles Unrostrlct•d funds G•noral R•strf¢tsd fvnd$ Total 2025 Staff costs located 5UPPCVt ¢))sts Govemanc6 costs 11 546,476 89,860 546,476 107,062 2,435 17.202 19,637 Unrestrlctgd fund• G•noral Rostrfctod funds Total 2024 Staff costs located support costs Govemance costs 58,693 424,425 80,181 483.118 86,264 2.098 571480 Page 21 Cornwall Mind Notes to the Financial Statements for the Year Ended 31 March 2025 9 Allocatwl support costs Unrgstrlctod lunds G•n8rn1 Total 2025 Total 2024 fvnd¥ staff expgnses Office costs Information and tschnology costs Other costs Project costs Fin8rKe costs 2,SX)5 13,834 2,905 21,324 2.269 19,387 7,490 14.401 13.487 45.233 14,401 23.034 45.233 165 107062 8,447 13.614 42.409 158 9.547 165 10 Tru•lo•• r•munor•llon and •xponM• No trustees. nor any persons c¥)nnethJ with Ihem. ha￿ weNed any rernun8ratlon from the tharlty durin9 the year. No trustees hav8 r8¢?ived ary rwbursed expwAe8 w any other beneffit8 from the ¢harity during the y88r. 11 Staff costs The aggreGate poyroll ¢08ts *ere 0$ fol0v￿.. 2025 2024 Staff co¥ts durlng th• y•ar w•r•: Wages and salar￿9 Olhef stsff costs 542,723 3,753 S46.476 479,705 3,413 483,118 The monlhty average number of petsons (induding senHY management I le8d&rshlp team) &mpk)yed by tho Gharlty during the year expressed as full time equrvalents was as follcy•ts.' 202S 2024 Sen1￿ management team Adminlstrator Coordinators Communlty fundralser Media, marketing and communications Recovery Supp￿r￿Menta Health workers 19 30 17 28 P¥Jg 22 C¢)rnwall Mlnd Notes to the Financial Statements for the Year Ended 31 March 2025 No ern￿OYee recefvgd emluments of more than £60.￿)0 duriTrJ the ytsr. 12 Indepond•nt •xamlnetrs r•mun•ratlon 2025 2024 Ex8mlnalon of the financial statements 2,435 2.098 13 Taxation The tharity 18 8 reglstered charty and is I￿￿fore exempt from taxatknn. 14 D•btor• 2025 2024 Trade debtors Prepayments Other debtors 42,425 63.866 186 1S Cash and ¢•8h •qulval•nts 2025 2024 Cash on hand Cash at bank 233 681,294 681 527 521371 Page 23 Cornwall Mind Notes to the Financial Statements for the Year Ended 31 March 2025 16 Cr•dltots: *nounts falllng du• wtthln year 2025 2024 Tr8de credilorg Oth8r creditors Accruals 8.019 10.453 31.335 49.807 4,350 7,656 72.634 24,640 Page 24 Ln a) OJ In ¢SJ ¢D O St u> ) ￿ U) ￿ C tr) LY O try Ln +X> ty ro o fo * 10 In r > Iri (¥ Ql ¢fi O O (N OOOOCL¢ IC* O Q CO fo r •) ts) r4 ¢xi ¢)) ) (D r a <0 (w c4 ts) (D ¢D Cn CD i t)) r ID ¢yi 4) 0 (W ¢D c c 3 rc c9 z > o) i L) i i LU J > (L LU L) rj rL In c> ¢xi f•J x:%g ¢D ￿ 11) T *88 g & 8&88" > uj o LL UU (y(JE 2 IE InUULuu0iuz¥￿￿&ZS roov Lb * Lfj rri +x* rcs ¢9 ro In a) r ITI UJ ¢Li IliiieÈ z >uz8(nI J LUJ> tL WL)(J(L 005 E8=8gxg: c+￿ry 511111 I ujuiuw c)ioffju uu uu