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2022-03-31-accounts

Charity registration number: 1180346

Nottinghamshire Mind

Annual Report and Financial Statements for the Year Ended 31 March 2022

Nottinghamshire Mind

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 8
Independent Auditors' Report 9 to 12
Statement of Financial Activities 13 to 14
Balance Sheet 15
Cash Flow Statement 16
Notes to the Financial Statements 17 to 28

Nottinghamshire Mind

Reference and Administrative Details Trustees Roger Stendall, Chair Derek Adlam, Vice Chair Dawn Betts Paul Radin Amanda Fletcher Maria Ferazzoli Christina Bond Clara George Aidan Dominy Nahida Ahmed Berenice Brown Senior Management Team Nicola Bacon, Chief Executive Officer Nicola Rea, Service Manager Charity Registration Number 1180346 Principal Office 6 Hardy Street Worksop Nottinghamshire S80 1EH Auditor Melvin Bailey Rogers Spencer Newstead House Pelham Road Nottingham NG5 1AP Bankers Unity Trust Bank plc Nine Brindleyplace Birmingham B1 2HB

Page 1

Nottinghamshire Mind

Trustees' Report

The trustees present the annual report together with the financial statements and auditors' report of the charity for the year ended 31 March 2022.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees:

Roger Stendall, Chair Derek Adlam, Vice Chair Dawn Betts Paul Radin Amanda Fletcher Maria Ferazzoli (appointed 28 February 2022) Christina Bond (appointed 8 July 2022) Clara George (appointed 12 October 2022) Aidan Dominy (appointed 12 October 2022) Nahida Ahmed (appointed 12 October 2022) Berenice Brown (appointed 12 October 2022)

Tracey Campbell (resigned 28th February 2022) John Hunter (resigned 28th February 2022) Aimee Sims (resigned 28th February 2022) Haley Thompson (resigned 28th February 2022)

Structure, governance and management

Nature of governing document

The charity is operated under the rules of its CIO - Association registered on 17th October 2018.

Recruitment and appointment of trustees

A Trustee skills audit is undertaken to identify gaps in skills, then the Trustee vacancy is advertised and promoted using a range of platforms including LinkedIn, social media, National Mind and national volunteering organisations. The potential Trustee is interviewed by the Chair or Vice-Chair, they will observe a meeting and if successful will be elected at a trustees' meeting. New trustees are taken through a robust induction programme.

Arrangements for setting key management personnel remuneration

The salary grade appropriate for each post will be set at the time of recruitment, based on the agreed job description and person specification. Grades will be reviewed by agreement or where there has been a significant variation in the post’s duties and responsibilities. Salary reviews will be based on comparison with roles of similar responsibilities within the voluntary sector and Mind network.

Page 2

Nottinghamshire Mind

Trustees' Report

Organisational structure

The exponential growth of Nottinghamshire Mind over the past four years is something to be celebrated. Between sixty and seventy staff now work to deliver an increasing range of mental health services. The two offices in Worksop and Mansfield operate as hubs for a range of venues across the county - now including expansion into South Nottinghamshire and the City.

Working closely with the NHS long term plan (Transformation of Mental Health Services) and other key partners in the voluntary sector has been essential in the building process as has strong leadership and management. Nottinghamshire Mind continues to be recognised as a first-rate provider. The CEO has ensured the organisation and staff have been able to meet and match need at every available opportunity. The hard work enabling this should not be underestimated.

The operational structure is in place to allow management and delivery of strategic objectives. Staff understanding and commitment is excellent as seen at the all-staff training days in December for example. The worry expressed last year about managing the anticipated success has proved unfounded.

Such rapid progress has highlighted the need for extra senior staff especially in HR. The larger organisation also needs greater administrative efficiency. Both aspects are being addressed and will only bring further improvement.

While staffing numbers and structures have more than kept pace with growth and demand the Trustee Board needs development. The MQM (Mind Quality Mark) assessment in December pointed out the need for expansion and change in governance to meet the demands of the new Nottinghamshire Mind. The trustee board now has an Acting Treasurer as a first step. Interviews are currently taking place to recruit new board members and the number of trustees will increase to ensure governance is able to improve and the strategic role of the board can fulfil the increasing demands it also faces.

Revenue streams have continued to be strong with turnover now of £2 million. The CEO continues to access funds and sets realistic fund-raising targets which are usually exceeded.

The core principles driving NM remain the same around the need for equality diversity and inclusion.

Objectives and activities

Objects and aims

To promote the preservation of mental health and to assist in the recovery of persons in Nottinghamshire suffering from mental ill-health or conditions of emotional or mental distress requiring information and support.

To promote the study of and research into mental health and emotional well being and to obtain and make records of and disseminate information concerning the same and educate the public in matters relating to mental health.

Page 3

Nottinghamshire Mind

Trustees' Report

Our vision is to ensure that everyone experiencing a mental health issue gets both support and respect.

Our goals are to-

· Improve resilience

Nottinghamshire Mind will be a focal point for people with mental health issues, inclusive and there for everyone. An organisation in which people with mental health issues can feel safe and distance themselves from the stigma that exists in the outside world. The lead for accessing mental health services in Nottinghamshire.

Nottinghamshire Mind’s goal is to promote recovery, instil knowledge and involve the community. It seeks to empower people to take responsibility for their own mental health recovery.

Nottinghamshire Mind will exist to promote good mental health, to educate, inform, reduce stigma and build the resilience of the local community. To provide a supportive and empowering environment for people with mental health issues and their carers, a place for people with mental health issues to go to feel accepted, signposted and supported, to help people move forward with their lives.

The purpose of Nottinghamshire Mind is to provide services for people with mental health issues. It delivers services and support to the most vulnerable in our community, including education and information groups for men and women, promoting recovery and emotional wellbeing.

Nottinghamshire Mind will provide fit for purpose services that fill a gap in the County and will be the first port of call on mental health issues. Nottinghamshire Mind will work with a diverse group of people with different backgrounds, will not discriminate and not judge or exclude those with mental health issues.

Nottinghamshire Mind will work with statutory and non-statutory services alongside the general public, because mental health issues affect everyone. Nottinghamshire Mind will work with anyone who would benefit from improving their mental wellbeing.

Objectives, strategies and activities

We run a mix of individual, group based and partnership delivered services and support focussing on mental health awareness, guided self help, formal training, building the resilience of individuals and communities, improving the circumstances and wellbeing of individuals.

Public benefit

Provide information and support to understand self and conditions, build emotional resilience, tackle isolation and deal with issues at the heart of emotional distress, improve life skills and chances, engage with communities.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 4

Nottinghamshire Mind

Trustees' Report

Achievements and performance

Nottinghamshire Mind provide services and support to the 6 Districts across the County - Bassetlaw, Newark and Sherwood, Mansfield and Ashfield, Gedling, Broxtowe and Rushcliffe. The programme of work can be summarised as -

WELL - a complement of activity led by community needs, including - café drop ins, supported listening sessions, safe spaces to support distress, information clinics providing guidance and signposting, peer support, resources and partnerships.

Resilience and Stabilisation - one to one and group based structured programme for those in secondary care services.

Active Monitoring - a guided self help programme.

Counselling - individual talking therapies.

Crisis support - sanctuaries to provide immediate support.

As an affiliated organization, Nottinghamshire Mind adheres to the values and principles of the National Mind brand -

Mind nationally provides advice and support to empower anyone experiencing a mental health problem. We campaign to improve services, raise awareness and promote understanding.

National Mind Values-

Open - we reach out to anyone who needs us Together - we’re stronger in partnership Responsive - we listen, we act Independent - we speak fearlessly Unstoppable - we never give up

National Mind have set out the following priorities - Nottinghamshire Mind will need to consider how it does/will align within the key strategic objectives:

Quality Assurance

The Mind Quality Framework provides assurance that the Mind Federation delivers life changing support for people with or at risk of developing mental health problems. It gives confidence that the Federation is made up of well run, sustainable organisations where the voices of people with lived experience of mental health problems underpin and inform everything we do, and our core values are lived out every day. The Mind Quality Framework has three elements:

  1. Mind Quality Mark - the core standards

  2. Review - to drive improvement and celebrate excellence

  3. Support - to meet and exceed the standards.

Page 5

Nottinghamshire Mind

Trustees' Report

The Mind Quality Mark explores and critically analyses policies and procedures to ensure they are compliant, fit for purpose, relevant, timely and appropriate to Nottinghamshire Mind. In light of this a review of policies was undertaken in early 2022 and a review schedule developed. Policy review and implementation at Nottinghamshire Mind involves -

  1. Internal and external analysis of working environments

  2. Any change in governance and service delivery

  3. Ongoing policy championing by key members of the team

  4. Review and comment by policy sub groups

  5. Revisions presented to the Board of Trustees for adoption

  6. Staff and volunteer training

  7. Access for service users, volunteers, staff, trustees and commissioners.

Financial review

Nottinghamshire Mind has seen a rapid period of growth and financial investment, the merger of small organisations into one County and City wide entity has provided opportunity for expansion into under represented areas and in turn increasing commissioning income, grants and fundraising.

The challenge for Nottinghamshire Mind is to sustain investment in the coming year - the organisation will continue with its effective and robust financial oversight and focus its energies on creating a healthy mix of income streams and increase in free reserves.

Major risks and management of those risks

Main risk

Sustainability of core programmes in current climate, the support from the local authority sector is unpredictable and there is always the risk of demand outstripping resources.

Nottinghamshire Mind develops its strategic plan in line with identified and evaluated opportunities and risks - both internally and externally. There are several risks that would affect the fundamental operation of the organisation, and these are identified and managed using a risk register - reviewed operationally and strategically on a monthly basis by key personnel and Trustees and via National Mind during the Mind Quality Mark assessment.

Key identified risks include -

Governance

Lack of strategic direction, skills gaps within the Trustee Board, no Trustee leadership, conflicts of interest, poor policies and procedures, frequent changes in senior management.

Operational

Loss of contracts, poor quality of service, no strategic development, competition, high turnover of staff, poor morale, health and safety, IT issues.

Financial

Loss of fundraising, levels of income diversity, commissioning changes. Environmental and external

Relationship with the communities and partners, negative publicity, relationship with funders.

Policy on reserves

Nottinghamshire Mind has a detailed reserves policy and ensures there is sufficient reserves to cover at least three months of the organisations total running costs and also ensures provision is made for major maintenance or repairs, replacement of equipment and staff redundancy costs. The current reserves figure remains adequate.

Page 6

Nottinghamshire Mind

Trustees' Report

Plans for future periods

Aims and key objectives for future periods

Nottinghamshire Minds future strategy is a response to the growth in need for mental health services and support and the opportunity for Nottinghamshire Mind to be a key partner in the strategy to transform mental health services.

The Pandemic and ongoing pressures of life has increased the number of people experiencing first time mental health issues, this coupled with a desire to access support that meets individual needs and is personal centred, increases the demand on Nottinghamshire Mind, its staff and resources.

Mental Health Transformation across Nottinghamshire and the strong links with Notts Healthcare Trust and Mid Notts and Bassetlaw CCG provides Nottinghamshire Mind with a opportunity to shape and inform the way services are delivered and the voices of those with lived experience heard. Commissioners are looking for a sleeker and more cost effective approach to commissioning services from the VCS and Nottinghamshire Mind can continue to provide a central point that meets this need. As a trusted and highly valued organisation Nottinghamshire Mind can continue to respond to the need for partnership working.

Nottinghamshire Mind will position itself across the County and City ensuring it is at the forefront of conversations with key decision makers.

Nottinghamshire Mind will focus on the levelling up of services across the County and City and identifying gaps in service provision amongst demographics.

Nottinghamshire Mind's Strategic Objectives are aligned with the 4 National Mind Quality Framework pillars of Leadership and Governance, Finance and Policies, Services and People and Influence and Engagement - for example:

Leadership and Governance

Objective 1: Strengthen and diversify the Board to ensure strong and effective leadership Objective 2: Ensure that the Board has a comprehensive working knowledge of services’ objectives and working methods

Objective 3: Strengthen processes to ensure clear and effective communication between teams and interaction between services

Objective 4: Broaden knowledge and involvement at a strategic level Objective 5: Ensure a robust response to data management

Finance and Policies

Objective 1: Continued commitment to developing and expanding sources of funding and fundraising opportunities in order to maintain existing services

Objective 2: Ensure all policies and procedures are revised, fit for purpose, and meet organisational needs Objective 3: Review all working environments, to ensure that they are fit for purpose and meet health and safety standards and requirements

Services and People

Objective 1: Strengthen sustainability and/or programme exit strategies Objective 2: Strengthen relationships with external agencies Objective 3: Develop commercial offers to strengthen organisational sustainability and unrestricted income Objective 4: Level up community based services across Nottinghamshire to ensure equity of access for local communities

Objective 5: Ensure all services are open and accessible to all, including those who have been previously under-represented and/or excluded

Page 7

Nottinghamshire Mind

Trustees' Report

Influence and Engagement

Objective 1: Build and maintain effective relationships within the community Objective 2: Raise awareness of mental health through positive messages in the wider community Objective 3: Use social media/data resources effectively to increase our reach Objective 4: Have effective and informative evaluation of services.

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of the charity on 8 December 2022 and signed on its behalf by:

......................................... Roger Stendall Trustee

Page 8

Nottinghamshire Mind

Independent Auditor's Report to the Members of Nottinghamshire Mind

Opinion

We have audited the financial statements of Nottinghamshire Mind (the 'charity') for the year ended 31 March 2022, which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter

As shown within the Fixed Assets note (note 12), land and buildings represents 98% of total fixed assets with a net book value of £251,695. No professional valuation has been undertaken during the year. Due to the specialist nature of the buildings, it is difficult to take a view on whether or not this asset category is misstated. We do not modify our opinion with regard to this matter.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 9

Nottinghamshire Mind

Independent Auditor's Report to the Members of Nottinghamshire Mind

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 8), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Page 10

Nottinghamshire Mind

Independent Auditor's Report to the Members of Nottinghamshire Mind

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Page 11

Nottinghamshire Mind

Independent Auditor's Report to the Members of Nottinghamshire Mind

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our work has been undertaken so that we might state to the trustees those matters we are required to state to trustees in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

......................................

Melvin Bailey, Statutory Auditor

Rogers Spencer Newstead House Pelham Road Nottingham NG5 1AP

Date:.............................

Melvin Bailey is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Page 12

Nottinghamshire Mind

Statement of Financial Activities for the Year Ended 31 March 2022

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
4
Investment income
3
Total Income
Expenditure on:
Charitable activities
6
Total Expenditure
Gains/losses on investment assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17		 Unrestricted
£
926,085
76,201
105
1,002,391
(860,694)
(860,694)
14
141,711
523,765
665,476		 Total
2022
£
926,085
76,201
105
1,002,391
(860,694)
(860,694)
14
141,711
523,765
665,476		 (As restated)
Total
2021
£
534,812
91,116
30
625,958
(490,146)
(490,146)
55
135,867
387,898
523,765

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 17.

The notes on pages 17 to 28 form an integral part of these financial statements. Page 13

Nottinghamshire Mind

Statement of Financial Activities for the Year Ended 31 March 2022

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
4
Investment income
3
Total Income
Expenditure on:
Charitable activities
6
Total Expenditure
Gains/losses on investment assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17		 Unrestricted
£
534,812
91,116
30
625,958
(477,885)
(477,885)
55
148,128
375,637
523,765		 Restricted
£
-
-
-
-
(12,261)
(12,261)
-
(12,261)
12,261
-		 Total
2021
£
534,812
91,116
30
625,958
(490,146)
(490,146)
55
135,867
387,898
523,765

The notes on pages 17 to 28 form an integral part of these financial statements. Page 14

Nottinghamshire Mind

(Registration number: 1180346) Balance Sheet as at 31 March 2022

Note
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
15
Cash at bank and in hand
14
Creditors: Amounts falling due within one year
16
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
17		 2022
£
255,408
265
255,673
63,034
577,284
640,318
(230,515)
409,803
665,476
665,476
665,476		 2021
£ (As restated)
258,348
251
258,599
76,116
220,490
296,606
(31,440)
265,166
523,765
523,765
523,765

The financial statements on pages 13 to 28 were approved by the trustees, and authorised for issue on 8 December 2022 and signed on their behalf by:

The notes on pages 17 to 28 form an integral part of these financial statements. Page 15

Nottinghamshire Mind

Cash Flow Statement for the Year Ended 31 March 2022

Note
Cash flows from operating activities
Net cash income
Adjustments to cash flows from non-cash items
Depreciation
Investment income
3
Gain or loss on investments
Working capital adjustments
Decrease/(increase) in debtors
15
Increase/(decrease) in creditors
16
Increase in deferred income
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
3
Transfer in of tangible fixed assets
12
Income from dividends
3
Net cash flows from investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March
Reconciliation of net cash flow to movement in net funds
Increase in cash
Net funds at 1 April 2021
Net funds at 31 March 2022		 2022
£
141,711
8,385
(105)
(14)
149,977
13,082
24,075
175,000
362,134
105
(5,445)
-
(5,340)
356,794
220,490
577,284
356,794
220,490
577,284		 (As restated)
2021
£
135,867
6,652
(30)
(55)
142,434
(69,654)
(2,011)
30,000
100,769
29
-
1
30
100,799
119,691
220,490
100,799
119,691
220,490

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 17 to 28 form an integral part of these financial statements. Page 16

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Nottinghamshire Mind meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 17

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 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 income or gains are applied exclusively to charitable purposes.

Page 18

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Land and buildings 2% straight line Furniture and equipment 20% straight line Computer equipment 33.3% straight line

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Page 19

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.

2 Income from donations and legacies

Donations and legacies;
Donations from companies, trusts and similar
proceeds
Grants, including capital grants;
Government grants
Grants from other charities
Other income from donations and legacies
3
Investment income
Income from dividends;
Dividends receivable from other listed investments
Interest receivable and similar income;
Interest receivable on bank deposits
4
Income from charitable activities
Client contributions & fees
Contracts
Insurance claim
Room hire
Training
Sundry		 Unrestricted
funds
General
£
2,000
851,135
990
71,960
926,085
Unrestricted
funds
General
£
-
105
105
Unrestricted
funds
General
£
31,915
38,340
-
-
2,975
2,971
76,201		 Total
2022
£
2,000
851,135
990
71,960
926,085
Total
2022
£
-
105
105
Total
2022
£
31,915
38,340
-
-
2,975
2,971
76,201		 Total
2021
£ (As restated)
41,900
399,407
52,206
41,299
534,812
Total
2021
£
1
29
30
Total
2021
£
18,304
29,585
35,604
127
5,900
1,596
91,116

Page 20

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

5 Grants

NHS Bassetlaw CCG
Notts County Council
Mansfield Business Centre
Mind (NAMH)
NHS Foundation Trust
Education and Skills
Severn Trent
Bassetlaw CVS
HMRC JRS Grant
Fryman
Grants £5000 or less
Sundry Donations		 Unrestricted
funds
£
241,669
36,750
2,000
990
570,716
2,000
-
-
-
-
-
71,960
926,085		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
31 March 2022
£
241,669
36,750
2,000
990
570,716
2,000
-
-
-
-
-
71,960
926,085		 Total funds
31 March 2021
£
22,000
54,000
-
14,206
315,700
-
32,000
28,000
5,707
8,900
13,000
41,299
534,812

Page 21

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

6 Expenditure on charitable activities

Activities & materials
Affiliations, subscriptions & licences
Bank charges & fees
Cleaning & hygiene
Depreciation
Equipment & maintenance
Freelance training delivery
Fundraising & publicity
Hospitality & gifts
Household & refreshments
Insurance
IT, database & website
Legal & professional fees
Payroll, bookkeeping & accounts
Premises maintenance & security
Printing, postage & stationery
Rent & room hire
Recruitment
Salaries, NI & pension
Staff training & supervision
Staff travel & subsistence
Sundry expenses
Telephone
Volunteer & trustees' expenses
Utilities & rates
Online counselling & support		 Unrestricted
General funds
£
494
5,937
344
2,818
8,385
21,412
7,420
1,650
179
2,544
9,032
6,567
10,476
8,917
23,747
14,590
17,368
5,132
650,552
465
13,138
294
9,514
1,471
11,250
26,998
860,694		 Total
2022
£
494
5,937
344
2,818
8,385
21,412
7,420
1,650
179
2,544
9,032
6,567
10,476
8,917
23,747
14,590
17,368
5,132
650,552
465
13,138
294
9,514
1,471
11,250
26,998
860,694		 Total
2021
£
8,015
674
99
3,519
6,652
17,929
10,190
1,644
435
1,493
3,826
4,831
2,911
3,690
15,859
8,674
8,051
-
357,749
2,571
3,490
110
11,129
191
5,505
10,909
490,146
7
Net incoming/outgoing resources
Net incoming resources for the year include:
Audit fees
Depreciation of fixed assets		 2022
£
4,800
(8,385)		 2021
£
-
(6,652)

Page 22

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

8 Analysis of governance and support costs

Support costs have not been separately allocated and disclosed as the Trustees believe they are immaterial to the financial statements.

Governance costs

Audit fees
Audit of the financial statements
Independent examiner fees
Examination of the financial statements
Other governance costs		 Unrestricted
funds
General
£
4,800
-
1,128
5,928		 Total
2022
£
4,800
-
1,128
5,928		 Total
2021
£
-
1,440
-
1,440

9 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2022
£
606,142
35,085
9,325
650,552		 2021
£
335,775
17,501
4,473
357,749

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2022
No
41		 2021
No
20

29 (2021 - 16) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £9,325 (2021 - £4,473).

The number of employees whose emoluments fell within the following bands was:

£60,001 - £70,000 2022
No
1

Page 23

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

The total employee benefits of the key management personnel of the charity were £98,328 (2021 - £92,098).

The chief executive officer, as the highest paid member of staff, received benefits totalling £61,401 (2021 - £59,254).

10 Auditor's remuneration

During the period, the fees payable (excluding VAT) to the charity’s auditor, Roger Spencer was as follows:

Audit
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangible fixed assets
Land and
buildings
£
Furniture and
equipment
£
Cost
At 1 April 2021
358,740
7,146
Additions
-
620
At 31 March 2022
358,740
7,766
Depreciation
At 1 April 2021
100,392
7,146
Charge for the year
6,653
124
At 31 March 2022
107,045
7,270
Net book value
At 31 March 2022
251,695
496
At 31 March 2021
258,348
-		 2022
£
4,000
4,000
Computer
equipment
£
1,366
4,825		 2021
£
-
-
Total
£
367,252
5,445
372,697
108,904
8,385
117,289
255,408
258,348
6,191
1,366
1,608
2,974
3,217
-

No professional valuation of land and buildings has been undertaken during the year. The trustees believe the net book value of £251,695 represents a reasonable estimation of market value.

13 Fixed asset investments

13 Fixed asset investments
2022 2021
£ £
Other investments 265 251

Page 24

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

Other investments

Other investments
Cost or Valuation
At 1 April 2021
Revaluation
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
14 Cash and cash equivalents
Cash on hand
Cash at bank
15 Debtors
Trade debtors
Prepayments
Other debtors
16 Creditors: amounts falling due within one year
Trade creditors
Other creditors
Deferred income		 Listed
investments
£
251
14		 Total
£
251
14
265
265
251
2021
£
125
220,365
265
265
251
2022
£
364
576,920
577,284
2022
£
50,222
1,880
10,932
63,034
2022
£
16,467
9,048
205,000
230,515
220,490
2021
£ (As restated)
72,700
3,172
244
76,116
2021
£ (As restated)
-
1,440
30,000
31,440

Deferred income, as shown above, represents grant deferrals.

Page 25

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

17 Funds

Unrestricted funds
General
General fund
Revaluation reserve
Unrestricted funds
General
General fund
Revaluation reserve
Restricted
Awards For All (Salaries)
Boots (Salaries)
Flood
Total restricted funds
Total funds		 Balance at 1
April 2021
£
451,988
71,777
523,765
Balance at 1
April 2020
£
303,860
71,777
375,637
1,624
3,304
7,333
12,261
387,898		 Incoming
resources
£
1,002,391
-
1,002,391
Incoming
resources
£
625,958
-
625,958
-
-
-
-
625,958		 Resources
expended
£
(860,694)
-
(860,694)
Resources
expended
£
(477,885)
-
(477,885)
(1,624)
(3,304)
(7,333)
(12,261)
(490,146)		 Other
recognised
gains/(losses)
£
14
-
14
Other
recognised
gains/(losses)
£
55
-
55
-
-
-
-
55		 Balance at
31 March
2022
£
593,699
71,777
665,476
Balance at
31 March
2021
£
451,988
71,777
523,765
-
-
-
-
523,765

The specific purposes for which the funds are to be applied are as follows:

Last year's restricted funds Awards for All - provision of Information Clinic Services. Boots Charitable Trust - provision of Supportive Listening Service. Flood - funding to support the charity whilst the Worksop building was closed due to flooding.

Page 26

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

18 Analysis of net assets between funds

Unrestricted

Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 General
£
255,408
265
640,318
(230,515)
665,476
Unrestricted
General
£
258,348
251
296,606
(31,440)
523,765		 2022
Total funds
£
255,408
265
640,318
(230,515)
665,476
2021
Total funds
£
258,348
251
296,606
(31,440)
523,765

19 Prior period adjustment

A prior year adjustment has been made, causing the 2021 figure to be restated. This relates to an adjustment required in respect of income allocation.

Summary of the prior year accounting impact:

As previously
reported
£
Donations & legacies
494,112
Net Movement in funds
95,167
Debtors
63,034
Creditors
230,515
Unrestricted funds
483,065		 Adjustment
£
As restated at
31 March
2022
£
40,700
534,812
40,700
135,867
70,700
133,734
30,000
260,515
40,700
523,765

20 Related party transactions

There were no related party transactions in the year or in the previous year.

Page 27

Nottinghamshire Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

21 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Dawn Betts

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year or in the previous year.

No trustees have received any other benefits from the charity during the year or in the previous year.

Page 28