Devon Devon Mind TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 Registered Charity No: 1181767 Registered Company No: 10281020
Devon Devon Mind REPORT AND FIP4ANCLIL STATElENTs FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Trust¢¢s' Annual Report Independent Examiner's Rew)rt 16 Statemenl of Financial Activities 17 Statement of Financial PositÈon Statement of Cash Flows 19 Notes to th¢ Accounts 20-39
Devon TRUSTEES. ANNUAL REPORT The TTUStees, who ar¢ also the Directors of the charity for the purposes gf the Companies ACL present their Amiual Report and the Financial Staiernents for the year ended 31 Mareh 2024. The trustee5 have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102} (second edi(ion preparing the annual report and financial statements of the chaTity. October 2019) in Objectives and Aetiviti¢s Devon Mind is an independ¢nt ¢harity affiliated to national Mind. We adhere to national Mind's vision.. 'We won't give tsp until everyone experEencing a mental health problem gets both support and respect,. We work to promote wellbeing and prevent m¢ntal health problems in Devon. Devon Mind'5 Articl¢s of Association Sets out th¢ prtnciple orgallisational purposes, which are for the public benefit and are compatible with the requirements of the Charities act 2011. These are.. l. To promote the pr¢5¢rYation of mental health and to assist in relTeving and rehabiliraiing perso7Js suffering from mentsl disorder5 or conditions of emotiona] distress requiring advice and tr¢atmenL in association with Mind (National Association for Mental Health) in accordance with the aims and objectives of Mind (NAMH). 2. To promote the study of and research into mentsl health di50rder and emotional orrnental distress and to obtain and make records of and dissetninate information ¢oncernin8 the $2me to educate the public in matters relaiing to m¢ntsl health. In addition, Devon Mind specifically aims to.. Provide OPElEnItieS for recovery for those who hav¢ ¢xp¢rience of mental health problems. Encourage and empower people with mental health problems io work towards Teaching their potential as fidl members of society. Raise public awar¢S5 of mental health issues. Provide appropriale community savices for pe()ple to complement statutr)ry servic¢s. Our Vlslon Our vision ts of a society that promotes and protects good mental health for all and treats people wilh experience of mental ill health faitly, positively and with respect. We work in partnership with national Mind and with other Local Min(Ls to provide inforn]ation and supwrt and io carnpai to improve p)licy and attitudes. Our Mission To ensure that Devon i5 a pla¢¢ where people can enjoy good m¢ntal health and have the opportunity to reach their poteniial. Our Values Our values are at th¢ heart of everything we do.. Open-we reach out to anyone who needs us. Togeth¢r- we're stronger in partsiership: Responsive- we lisien. we act. Indcpendent- we speak out feaTlessly- Unstoppable-we never give up. EnsuriDg our work delivers our alms Wecontinually reviewour airns. objectives and actLVlties in away that involves input from all Devon Mind stakeholders.. tTuslee& staff. volunteers, and service-users. This includes..
Devon TRUSTEES, ANNUAL REPORT Cotstined Quarterly review of perforrnance, quality. and finance through standing board subcommitttts (Quality and Standards. Finance and Resources). Annual 'AII Devon Mind, Away Day- this is an opportunity to look back at the previous y¢ar, and to plan for the year ah¢ad. Quarterly 'AII Stsff and Volunteer. meetings ihrough which consultacion. dev¢lopmenL impa¢t monitorin& evaluation and feedback are key themes for discussion on an ongoing basis. Motjthly departmental team me£tinBs that continually rnonitor how services are meeting the needs of the communities we 5¢rve. Co-production wilh OUT sthvice-users. users of wider mental hea]th setviees, careT& professionals and volunteers to ¢n5UTe that the voic¢ of lived experience is a golden thread in the work of Devon Mind. The ft)eus of 0r work Our main obj¢ctives for the year eontinu¢d io be the support of peopl¢ in Devon who are affected by mental ill health. A comprehensiv¢ Outline of all our a¢tivili¢s for the period is provided in Section 4. Review of Activities. In addition to providing opportunities for people to acee55 a wide variety of mental health supporL we continu¢ to raise awareness of mentsl health through our training programlnes and communicaiions work. Ourserviceshave developed over time accordingto theTJe¢ds ofow community, the funding availablethrough ourpartner agencies amd nders, ow ability to deliver sthices. Our staff and volunteers continue to provide a compassionate and professional service to peopl¢ in Devon. We ensure they are appropriately trained and supported to deliver a high- quality setwice to all seNiee users and wider stakeholders who corne into contact wTrth Devon Mind. Publie Benefit The Trustees hav¢ paid due regard to guidance on public benefit issued by th¢ Charity Commission in d¢¢iding what activities the Charity should undertake. W¢ take a monitoring. evaluation, 8nd learning (MEL) approach to understanding the publi¢ benefits of the work undertaken by Devon Mind. Thi5 include5'. Using data to analyse the mentsl health needs of the communities we See. to understand the challenges faeed across urban and nwal settings, to quantify th¢'gap' (where people do not r¢¢eive the support they needl, to assess which interventions have the greatest irnpa¢t on recovery, and io plan th¢ development of new rViceS in partnership with our lived experience experts. Devel¢)ping 'test of change, pilots before introducing a new offer or way of delivering serVi- this enables us to test the efficacy of pilot projects before embedding this Work in the organisation. Working with parther agencies (both sthtory and VCSE) to data and expertise. to better understand the service-user 'journey' between different agencies. and to ¢O-deliver ow services in a way thal meets the need5 of people through 'one front door,. Volullteers We are hugely &teful for the unstinting efforts of ow volunteers. tn ihis year, 32 volunteers donated 2,116 hours. Our counselliTJg service in particular could not run without the contribution of our volunteer qualified counsellors and eounsellors in trainhng. Additionally, voluntttrs Supported the delivery of our tsvo arUal fl2gship running events - the Plymouth H8rbour Iok, and the Plymouth Harbtsur Half maratho os well as other outreach and promotional activities. If the volunteer contribution is conservatively valued at £10.42 per hour (the minimum wage rate for 202312024), the volunteer effort amounts to £22,048. This amount is not included ill the accounts in accordance with the SORP.
Devon TRUSTEES, AI¥NUAL REPORT Continued Stry¢tur& Governanee and Managemettt The eompany: was incorEM)Tated on 15 July 2016 as a private limited company by guardniee with no share eapitsl in England and Wales {Co. No. 10281020). The company was registered with the Charity Commission on 28 January 2019 (Charity No. 1181767). The governingdocuments are the Articles of Association. The charity continues toreview regularly irs governing document in line with best practice. as outlined tn the Mind Quality Mark Standards. RR&k Management: The trust¢es review the major risks to which the organisatÉon is exposed and rn¢asures e in pla¢¢ to rnitigate those risks. Pllblie Beoefit Statement: The trust¢¢s confirni that the main activities undertaken to further the charity's pUryse& and to have du¢ regard ro the Chality Comrnission's getjerai guidanc¢ of public benefit. Cbair*s Report l am pleased to present our knuat Report for 2023r2024 on behalf of the Board of Trnstees of Devon Mind. Th¢ past 12 months have been a time of both Ch]enge and opportunity, but through it all, Devon Mind has Temained a Steadfast source of hope, care, and tt2nsfortnation for those in need. Mental health continues to be a critical issue across all sectors of so¢iety, and we are proud of the impact w¢ have made during this period. The aftershock5 of the Covid-19 pandemic, the c05t-of-living ¢risi& and societal pressures hav¢ ¢ODtributed to a sharp iftcrease in the demand for rnent healih support acros5 the UK. In the face of ihis increased n¢¢(L Devon Mind has been able to expand and ¢nhan¢e its setvices. This year, we providd dir1 support and advice to 5,154 individuals. an increase from the previou5 year's 3,208. The increase pushed us to expand our capacity and rhink how w¢ con deliver setvices effectively. Despite these pressures, we have remained focused on our mission to provide accessible. tin)ely, and person-centred care to all who need it. Our ability lo reach more people who need our 5UPPOrt is a testament to both the tireless ¢fforts of our stsff and volunteer5, as well as the vital partnerships we have cultivated with other organisations and fund¢rs. Devon Mind servtces ar¢ provided through multiple chaTme15 and aetiviti¢s: On¢-tO-one emotional supw)rt; Counselling. Recovery Leaming through workshops and courses. Peer Support Groups. Wellbeing Activilies. Advice via telephone, email. website. and social media. Mental health training for individuals and organisations. A comprehensive outline of ourachievernents aT)d perforn]ance across all activities is provided in Section 4. Uieview of Activities,. The year has also been one of fi[1claI prnd¢nce, and thatS to the generosity of our donors and the hard work of our fundraising team, we have been able to Tnaintain a strong f2nancial position. Our income for the year reached £985,880. We have inv¢st¢d in essential areas such as digital infrastructur¢, ¢nabliDg us to support individuals more effi¢i¢ntly and securely, and In stsff training. ensuring that our t&71115 are equipped to handle the complexity of mental health needs in today's world.
Devon TRUSTEES, ANNUAL REPORT CoDtinued Ourwork as part of the Devon Mental Health Allian¢e {DMHA) www.ments]healthdev4)n.¢o.uk entered its second year in this financial year. The DMHA is an alliance of 6 VCSE organisations contracted to work in partnership with the tsvo stthiory-menlal health providers in Devon (Livewell Southwest and Devon Partnership Trust) in implementing the community component of ihe ComrnunÈty Mental Health Framework (CMHF) transforn]atiot] prograrnme. Devon Mind have continued to develop, implement, and lead on the delivery of DMHA services in Plymouth. West Devon and North Devon. The DMHA has a key objective to Promote better System integration between community and statutory organisations in Devon to ensure better acce55 and improved outcomes for people in Devon with serious mentai illness. Devon Mind are at the for¢front of these developments. Collaborations with local authorities, healthoare providers, and other charities have been essential to our 5Ce¢S$ this yeax. Our work with the Plymouth Argyle Community Trult (PACT), the South West Coastal Path A5SOCiation (SWCPA), and the Plymouth ond Devon Racial Equality Council {PDREC) has been particularly fruitful, leading to the ¢O-development of new progr8mmes of ments] health support in the communities we serve. We extend OUT deepest gratitude to every member of our team. both staff and volunteers. Their dedication. hard worL and re5ilienc¢ have been the driving force behind our success. In the fac£ of ehallenges. they have demonstraied unwavering comrnitment ond a shared passion for our mission, continually exc£eding expectations. Together, we will continue io make an impacl on mental health in Devon, Striving for excellence in all that w¢ do. We are very gratefijl to our commissioners, funders, and supporters for enabling us to support people in Devon fa¢ing rnentsl health challenges. We continue to be indebted to all our fundraisers and CO0rate sponsors who have found ¢v¢r rnore inventiv¢ and imiovative ways to raise vital fiAnds for Devon Mind. Finally, w¢ would like to thank the national Mind 5UPPOrt team, our external advisors. and ] ow tnjstees for their comrnitrnenl tyme. and guidance over the last 12 rnonths. As we look towards the next 12 months, we remain deeply colnmitted to ou¥ mission of supporting mental health and wellbeing for all in Devon. The ¢hall¢nges of the past year have reminded us of the critical importaT]¢e of mental h¢alth services, and we are inspired to continue expanding our reach. deepening our impa¢t. and im)ovating our approach Review of A¢tivities Ourflagship offer is through ourR¢¢overy College model of work deliv¢red by our Recovery Practitioners, Counsellors and volunteeis. Thisway of working enable5 people to co-design their own recovery pathway and io engage in avari¢ty ofac¢ivities, from longer terni goal based one-to-one emotional suppor4 toattendance at ¢oyrseslworkshops and support groups. Our aim is to provide a whole-person servic¢ that will have an impact on people's lives by tsking all facets of their mental h¢alth into account. We are committed to working closely with partner agencie5 to support people in a rnulti-ag¢ncy way so no one should be asked to tell 'their story, twice. All of ourservices are und¢rpinned by a trauma- inforTned approach that Tuns as a golden thread through the organisalion. Staff and volunteers are supported through extensive training, CPD, and supervision to work creatively with people on their joumey to better mentalhealth. Through our partnership rol¢ in the Devon ment Health Alliance, w¢ ¢ontinued io support people with severe m¢ntal illness in Devon to link closely with activities and organisaiions in their cornmunities that will suppon them to be well and stay well. The Devon Mental Health Alliance works hand in glove with colleagues in the ststutory seetor to ensure a'frontdoov approach tts mental health 5UPPOrt in Devon. Our main aim is to provid¢ aholi5tic, person-centred approach that is aesSible to everyone regardless of thetr baCkgrOw or mental health challenge. The table below provid¢s a snapshot of all our activities in this finaneial year. ServicelActivity No. of people orted Nuinber of illdivldual sessions 4,784 1,296 91 39 53 StaffNoluDteer Hours 5.980 1,312 364 97 574 One-toone Emotion Su Counsellin Workshops and Courses Support Groups Ment21 Health Trainin port 804 227 263 76 783 In addition to the above activities. Devon Mind provides infomiation, suppon and advice via telephone, email, text. social media, and th¢ website. In 202312024. Devon Mind recorded l 0,505 contact points with people and orgonisations aeros5 Devon looking for advice, support. and inforniatLOII.
Devon TRUSTEES, ANNUAL REPORT Cotttinued 4.1 Olle to OD motional S We supported 804 people (18 yeS old and above) across a broad sp¢ctnun of rnent h¢th needs to ac¢ess ongoing psychologically-inforn]¢d one-tO-OTJe ernotional support at Devon Mind. A total of 4,784 sessions were delivered in 202312024 to this cohort of people. This reflect5 5,980 hours of Recovery Practitioner and volunteer time in the delivery of these sessions. These segsions are tsilored tr) the individual's needs and are designed to foster a safe and supportive environm¢nt where the person can ¢xplore their emotions, thoughts. behaviours, and aspiration5. with the guidance of a trained professional. One-tO-One Ern on Testimonials 'My Recovery Praetitioner w&5 a great listener, never judgem¢nlal and waYS mad¢ me feel heard. For the fst time in my adult life, Devon Mind have giv¢ry rne hope that I can move forward with my life. I have been made to feel valued.. Michelle, Plymouih '1 had be¢n on a waiting list for NHS therapy for over 14 months and I contacted Devon Mind to see how they could help me monage while I was waiting. I had 14 s¢5sions with a wonderful m¢mbeT of the ieam and l a150 attended some courses. I have taken myseifoff the therapy waiting list. I have re1Ved the right support for me and I wTrll be forever grateful for the time and patience of everyone who I was in ¢ontaci with 2t Devon Mind. l always ftlt ]ik¢ I really mattered and that ther¢ was a gejiuineness about wantÉng to help me recover.. Zoe, Norih Dev¢> 4.2 Counsellill Devon Mind provide5 a comprehensive fdnge of counselling services designed to support individuals facing mental heth challenges. These services are tailored to help people manage a variety of emotional difficulties, including anxi¢ty, depression. traum4 grief, and stress. The focus is on offering accessible, person-centred support to enhance mental well-being. 0 counselling is delivered face-to-fa¢e and on video-conferencing and telephone platfornis. In 202312024, our qualified and sMdeELt counsellors delivered 1,296 counselling sessson5 to 227 people. We are hugely grateful to all our volunteer cowisellors for the time at]d energy they give to supporting people wbo access Devon Mind for counselling. CouTJsellin Testimoni 'Wonderful experience with a compassionate and caring counsellor who helped me through a bi8 challenge ill my lif¢. Thank you so Tnuch., Anna. lrybridge 'My coun5ellor at Devon Mind really helped Tne g¢t ba¢k into living a nomial life. Sh¢ h¢lpcd me understand the problems that I had been undergoing in a kind and fair way. She gave me takeaway kdou1S to help me go fonyatrd and Tecogjise how to manag¢ if an un¢omfortable SittlI0n should aTise. Thank you so much for the help I received her¢., Anonymous, Devon 'My counsellor was absolutely brilliant from the very fitst time we met. He was warni and inviting and gave me a sens¢ of seeurity and trust to be able to express myself without judgement. He is a credit to DevoT] Mind and without his supp)rt. I woulthi't be wher¢ 1am today, moving fonv8xd in life with the most positive outlook.. Mike, Pfymouih 'My counsellor was the best I hav¢ com¢ woss. He was so understanding from th¢ very start and was always ompassionate., Horriei, Pfymouih 4.3 Worksho s and Courses The p5y¢ho¢du¢ation workshops and courses offered by Devon Mind aim to emp)wer individuals with the knowledge and tool$ to bett¢r understand and manage their mental health. These programmes are designed forpeople experienein ental health cha]lenges, as well as their families, carers. and the wid¢r community. Each session is co-designed to provide valuable insights into vaTiOUS menta] health issues such anxi¢ty, depression. trauma. artd stress. The overaxching ai]n of these learning activities is to help participanls gain knowledge, build life skills, and develop emotional resilience, all Of which are essential for improving mental health and fost¢ring long-temi recovery.
Devon TRUSTEES, ANNUAL REPORT CoThtiDued In 202312024. the team of stsff and volunteers Devon Mind delivered 36 workshops and wurses to 263 people from across Devon. This represents a totai of 91 sessions in total as some courses and workshops ar¢ delivered over a number of weeks. Th¢ most popular workshops and courses included the following: With You ITJ Mind.. Exploring Women's Melltai Health Understanding Traumi Shame and Self-care Putting Yours¢lf First: Ut]derstsndill8 Self-care Understanding Emotions with a F(KU5 on Ang¢T Understanding and Coping with Feelings ofAnxiety Matr¢5cen¢e Worksho aTrd Course Testimontals 'A mindblowing course that gives you an induction to what trauma and shame isldoes- pirt tog¢ther simplistically., Parlicwal on tke Underslanding Trauma, Shame oAdSelf-Care course 'There was lots of interesting material on this course. I found lots of use] knowledge, like grounding methods and how the primitive brain works. I'm gonna use these in my life. I felt calm here, so I definit¢ly will attend more ftsr the friendly atmosphere., Purricipal on ihe Und¢rsiandingand Coplg wilh Feelings ofApLriety workshop '1 Can honestly say I learned more on this ¢ourse than amy leatning I have done before. The course is d¢signed in such a way that you feel immediately safe and support¢d. The facilitators went out of their way to ensure thai everyone had tirn¢ and space to understand the l&irning and to ask questions. I came away quite overwhelmed aJ)d empowered to make 50m¢ positive Changes that would benefit my lif¢.' Pariiewanl on the Putling Yourself First Course.. UnderslandEng Self-care 4ASu ort Grou The Devon MiT]d peer 5UPPOrt groups offer a safe and supportive space wh¢r¢ individuals can connect with oth¢rs who share similar experiences of rnental h¢alth Challenges. These groups provide an opportunity forpeople to come togeth¢r, share their stories, and offer muttaal encouragement in a non-judgmental and empathetic envirotunent. Our groups ar¢ open io everyon¢ regardless of background or mentsl health challenge and we maintain a ¢onfidential space where participonts speak openly and honestly about their journeys. The gtoups are a vital part of our Commitment to prornoting mentsl wellbein& fosierÉng connection, and building a supportive communrty wher¢ ¢v¢ryone feels heard and valued. Our peer support groups are well estsblished and have been nll)nit]g for many years. For some people. they are a part of their social Cendar where they meet and conne¢t with others. In 2023r2024. weran the following groups on a regular basis. OCD Support Group Men's Mental Health Group Bipolar Support Group Depression Support Group Anxi¢ty Support Group Hearing Voices Support Group Wornen's Mental Health Group In totsl, Devon Mind support¢d 76 new people tnto these 0upS in 202312024. A total of 39 group sessions were held throughout the year. ort Grou Testimonials '1 really enjoy the Men's Group. I feel I can be myself and I have rnade some good friends. l ty and help out and 5uppon new members of the group as I know how difficult it can be to get the courage to join. The team are really supportive and always willing to listen to feedback and make chan8es to groups times if needed., Aiiendee aimen s MenlL71Healih Group
Devon TRUSTEES, ANNUAL REPORT Contittued 'In the beginning I was worried about attending the group but ihe recovery practitioner rn¢t me outside and came in with me. Another member of the group off¢red me a cup of tea 8nd asked me wh¢Te I had eome from. It really put m¢ at ease and I have been attending for nearly l O months. li 15 a part of my monthly ¢alendar and it play5 a huge part in keeping me well. I look fonvard to attending and chatting to friend5 and also maksng new ones. This wup has really helped me in rnanan8 the depression that h&s plagued me for tnost of n)y adult life., Aiiendee ai DepressEOn Support Group 'The group is invaluable to me. I aln so glad to have found it and the support it offer5, not just to rne. but to many others like me., Allelee ai Anxiety Suppori Group 4.5 Mental Health Tr4iJllll The demand for mental h¥dlth training ses5ion5 tn 202312024 continued in line with the previous year. In 202312024. we delivered 53 trainsng Courses to over 783 people from private. public and VCSE sector organisations across Devon. The courses delivered inelud¢d.. Mental Health First Aid {2-day Adult) Mental Health First Aid (Refresher) Mental Health Awaren¢s5 Managing Mental Health in the Workpl2c¢ Understanding Hoariling First Steps- Suicide Awareness D¢v¢loping Resilience AThxiety Management Eachtraining session con¢ludeswiththeopportunity forall learnerslo¢omplete a feedbaek and evaluation questionnaire on their experience of the ¢ourse and the trainer. the impact the Course had on their knowledge and practice, and how they will use the skills learned in the future. We use the results of these questionnair¢sas our key perforrnance indicators when assessing the efficacy of our training programmes, and to also infomi where w¢ need io make changes, and what other traintng programmes we need tts develop to meet current and fvture nee(Ls. Mental H Course Testimonials 'Excellent course- the facilitstor was incredibly knowledgeable. exp¢ri¢n¢ed and really enhanced Tny l&qming. I look fon¥ard to putting this into practtce in my 01 day-to-day job.. Partic¥1 on ihe Ma%18 Mental Health ihe Workplace course .1 r¢ally JOyed the two days. The training was a really good mix of learnin& discussio and c&se-studie5. The trainer wa8 fantasti¢ and redly knew their subject. I was also interested in learning more about the wider Devon Mind supwrt services. That was ieally useful from a personal p¢rspe¢iive.' Aiiendee on ihe MentalHerAlth Ftrsi Ad2-Day course In 202312024, we d¢liver¢d on ¢wo specialist projects fithded by National Mind. The Asylum Seeker and Regee Projeet- we worked in partD¢rship with the Pl)Thouth and Devon Racial Equality Coun¢il (PDREC) to support people who had been displa¢¢d to Plymouth by the war in Ukraine. With the support of an int¢rpreter, we delivered targeted sessions focused on monaging your mental health. The aim of this project was to provide a 5pa¢e for the participants to seek Support and hav¢ easy access into l of the Devon Mind activities. The project ran for 12 months, and we suceessfully worked with over 30 peopl¢. Asics Mindfvl Movement Project- we work¢d in pattrership with the Plymouih Argyle Community Tt lo dest7 an innovative programlne that would support mentsl health and well-being through the integration of gentle physical activity and mindfu]ness practice5. Th¢ project encouraged panicipants to reconnect with their bodies, manage stress. and improve emotional resilience through a combination of movern¢n¢ breathwork, and meditation. This project continues to forni a part of Devon Mind's holistic approa¢h to m¢nta] health support, helping individuals develop healthi¢r relationships with their minds and bodi¢s while fostering a sens¢ of cM, Tesijience, and well-being. We worked with 73 participants over ihe eour5e of thi5 project.
Devon TRUSTEES, AIYNUAL REPORT Continued 4.7 M itorin Evaluation an Legrni We range of key perforniance Indicato to assess progress against targets ¢)n all our aeiivrties. These KPIS include= Patient Reported Outcomes Measur¢s IPROMS) including ReQol-10 and Goal Based Outcomes. PROMS are used to a5ses5 the quality of mental health ¢are experiences, focusing on the service-user. These tneasures help Ihe eharity, our commissioners and other stakeholders to make Enformed Changes to our serniees io ensure they are impactful and meaningful for people who acce15 512PPOrt with Devon Mind. Number of Multi-Agency Teams (MATS) that Devon Mind Recovery Practitioners are embedded in. MATS typically consist of local health care professionals (GPS., Nurses,. Occupational TheTapists; Psychiattists. Clinical Psychologist et¢.) and wider VCSE 5ectorworkers (such a5 the Devon Mind Recovery Practitioners). MATS work as ereative solutions panels. with a group of professionals working together to provide a comprehensive support offer of people with rnentsl health needs. The MATS prevent people from being )unced OUnd the system,. Engagement with interventions offered- we r¢cord all interventions and activities on our case management system and look at the conversion rate from'fiTSt enquiry/assessmellt' to'participation, in a particular activity {e.g.. counselling or support groups}. We colled rich data on why people may not progress to full engagement and test out ourassumptions through our focu% groups andwider CO•design forulns (e.& do weneed to change our offers in anyway?). Feedback and evaluation. All our service-users are asked to provide feedback and evaluation regardles5 of the Seice accessed. We us¢ thi5 inforn)ation to inforn) our understanding of the longer-tertn impact of the Devon Mind offer and we work with our statutory partners io find correlations where they exist between the support offered by Devon Min¢ and the number of people continuing to ac¢ess th¢ir GP, secondary ment21 health services. or emergency setvices. 4.8 Marketin and Fundraisi Wehave used ourgrowing social rnediapresence toinfonn people ofowsetvices. provide infomiation about our evems and a¢tivities, andto share general emotional wellbeing infom)alion, advice and guidance. Ourpresen¢e on fundraising platforn]5 has now growTr to ensure that people can fundrais¢ for us with ease and efficiency. To dAte. w¢ are active on the following platform5= Just Giving Enthuse Facebook Donations GOFundME Mu¢hLoved Raisely SportGivinglRaceNation CAF Donate In aid of AAR8OUR R D NS Devon The Ptymouth Harbour Runs are Devon Mind's flagship annual active Challenge eveT]ts - two unique cornmunity rurming challenges centred around Plymouth's iconic Sutton and Cattewater HaTbours. The events include a IOK frorn Mount Batten to the Bathi¢an and a half marathon from Yelverton to th¢ Barbi¢an, both raising vital funds for tkvon Mind.
Devon TRUSTEES, ANNUAL REPORT Collthiued On the 10th of September 2023, just Under 2(KJ numers participated in the IOK event. This followed by the half marathon on the 17th Mah 2024 whÈch saw 331 runners participate in the main ev¢nt. Colleciively, b(Trth events raised over £15,000 for Devon Mind. We are hugely grate] to all ow staff, volunteets. spon50r5, and wider supporters who enabled these ¢v¢nls to be hugely successful and ¢njoyable for ail who participated We would lik¢to extend oursincere gratitude to everyone who supported and donated to u% in thisyedr. We are indebted to you and your 5UPPOrt for tkvon Mind. Futsre Developments We hav¢ identified two key strategic prioTitiesthat Devon Mind will on achievingover the 5-yeaT period Covering 2023-2027.. Be a sector-l¢ading provider of mental health recovery services in Devon- Raise mentsl health awareness in the population of Devon. We wtll achieve our strategie prioritiK by focusing on five key themalic ar¢45'. Leadershi andGovernanee Sustsin a robust Devon Mind Board that is representative of otsr organisation and has appropriate skitls to enable it to fiJt]etion effieiently. Develop amd sustain a strong and high-perforniing senior leadership tealn that rnodels culture and behaviour, amd enables Devon Mind to successfully achieve its aims and objectives. Nurture a committed, ¢ornpa5sionate, motivated, highly trained. and agile workforce that feels vatue respeete4 and listened to. arknershi and Collaboration Play an integral role tn the succesg of th¢ D¢von Mental Heth Alliance {DMHA) partnership (The DMHA'S success is Devon Mind's Success). Seek out opportunities for collaboration that align with D¢von Mind's pwpose. mission, and values, and support th¢ Charity'5 overorching strategic priorities. uali and Im aet Suecessfully maintsin th¢ Mind Quality Mark (MQM) and continually implement improvements. Use the experiences of thos¢ using our services a5 a measure of quality and to infomi improveynent measures. Fully Uiilise the Devon Mind CRM and Impact Tracker systems to ensure evidencc and data is re to our decision-making processes. Develop a repulation for evidence-based and quality assured work that achieves the best possible out¢om¢s for people with mental ill health. emenl andlnfluenc Adapt ow sthvices io be more accessible and inclusiv¢ of diversity and difference. Provide opportunitie5 that support, enable and empower people with lived experience to b¢ a¢tiv¢ly involved in co-designing and co-producing Devon Mind servi¢es. Useourknowl¢dg¢ from delivering services andworkinginpartnership to influ¢ncede¢ision makers and shape the future of cornmissioned s¢rvi¢¢s.
Devon TRUSTEES, ANNUAL REPORT Continued Sustainabili and Resilience Grow ow reputation for high qualtty and impa¢tful services that ¢ommissioners and other fijnders ontinually invest in. Develop. deliver, and rnonttor a Fitjancial Strdtegy that sets out how D¢von Mind plAns to finance its overall opetations and to m¢¢1 its charitable objectives now and over a defined period th¢ fvture {3 years rolling}. R¢main agile, flexible, andresilienttoanticipatethechall¢nges ahead (horizons¢anningl and beprepared for the1 while also retsining the agility to Tespond quicky to opportunities as they aris¢. Risk and Uncertainties Devon Mind reviews risk on an ongoing basis through ow Board ofTrustees, sub-committees, 2nd Senior Mamagement Tearn {SMT). The organisation maintains a'Ri5k Registee isreviewed and updated onaquarterly basis. This allows usto appraise and mitigate against existing knomn risks and to ideniify new risks. We consider the impact and likeliho(Ml of risks occurring and give particular attention to th¢ managemeni of the m05t sever¢ risks. Devon Mind hos identified the followTrng principal risks facing the Charity overthenext 12rnonths, alongside the action that TS been tsken to rnitigat¢ against these risks. Recruitment and retentÈ of a riatel skilled staff Staff recruitment and retention remain an ongoing risk for our ciwity alongside many other health and social care Charities. There is less movement of experienced staff between sectors as people are nervous about leaving long stsnding jobs for a career in th¢ charity s¢¢tor, when the wider economic Situation is not so positive. To mitigate against this, we have intriKiuced a hybrid model of working with limited remote working for staff where il is appropriate. We have atso offer¢d compr¢ssed hours and 9-day fortnights where they fitwith service demands. We have benchmarked our jobs against the sector average, and w¢ ar¢ committed to ensuring that peopl¢ are Properly remunerated in line with core coTnpetencies and responsibilities. We also provide cotnpTeh¢nsiv¢ training and opportunities for continuing professional development for all staff. Where possible, we will work with partner ag¢nci¢s to fa¢ililate secondments into Devon Mind on joint pieces of WOTk. Income and fil1¢]1 Income and fll)ancial susiainability hav¢ traditionally been the main risks associated with the Charity sector. However, Covid-19. the war in Ukraine, elevated inflation, and cost of livtng rises have exacerbated fijnding coD¢erns. Devon Mind is not as heavily vulnerdble to energy and rental Costs as other charities, but stsff salaries make up the highest proportion of costs. Inflationary uplifts to salaries need to be Considered on an annual basis going forward (to retain staff), and high-inflation scenarios wll be modelled into the standard forecastingproce5se5 to te5tthe financial resili¢n¢e ofthe charity. In addition, we will invest in tsurincomegeneration Tesources io enable usto develop relationships and funding streams from andfoundalions. inaddition to¢nhancing ourmarkeiing, fLmdraising and events capacity to grow our fidra]ser base. We will expand our cash-flow forecasting from 12 months to 24 months to ensure w¢ hav¢ ¢nhanced visibility of when ow financia] sustai[bIlity become5 a concern, and we will take actions well iti advance to mitigate this vuln¢rability. M¢¢tin demand for our seL¢e$ As we rnise our profile in Devon. alongside our partnership worktng with the NHS and local authorities, we will inevitably experience an exponent2al d¢mand for access to our services. This was the c&%e in 202312024 and we anticipate that this will increase in 202412025. We will continue to work closely with partner agencie5 to ensure that we keep people safe, and we will a150 fijrther dev¢lop our digilal offer to ensure that people can 'wait well, while they are on waiting lists for our servÈce5. Of particular note, we are committed to the development ofa wholly agile workfoTce- this involves training all of our staff to work in a trduma-infomi¢d, holistic way. and regardless of their cutTent role, they can be called uw)n in times of signÉficant pre55ures to support our wider service delivery. An example ofthis approach is that all staff in Devon Mind. across all departtnent5, aretraining in'duty work,, and can at any time sUPPOrt people with very brief intetventions while they await access to ourservices. 10-
Devon TRUSTEES, ANNUAL REPORT CoDtinued Administrative Strncture Tnlee5 are appointed for a terni of thr¢¢ yeaTS. The Board of Trusttts shall not have more than twelve member5 and not less ilwi thre¢. A person can only beeome atrustee afterdeclaring a¢¢eptatJce and willingness to act in accordon¢e with the Arti¢les. The dky-lo-day managemenf of the Ch4Tity is delegated to the CEO. Olivia Crat The followtng served as Executive CommTttee members durÉn8 the year: Chair: Paul Guildford PreTrious Chair: Shaxon CI2Tidg¢ Vice Chair= Neil Pick Other Truste¢$: Penny Blacknitsre Mortin Cordy Rebecca Cozic Jarnes Evans Ptofegsor Euan Hai15 Matthew Kean¢ Peter MullaTk¢y Stephen Offord Nicholas Southcott resigned 18 July 2024 apw)inted 5 March 2024 appointed 5 March 2024 appoint¢d 5 March 2024 appointed 19 October 2023 appointed 5 March 2024 Tesigned 23 April 2023 appointed 5 March 2024 Recnjitment and apptstnlmeTEt of new tNStees is based on the skills and expertise offered. Once elected to th¢ Board, the rtew trusiee is supported through their induction by both the Chair and the CEO. Training of new trustees is arranged through brief8 sessions with the CEO andlor the Chair, visit to projects and services to familiarise thernselves with the organisation and its setvices. plus briefing s¢s5ions before and alter board meetings where requiTed. All trustees are able to a¢s5 appropriate internal and external training. Trustees are also required to sign up to the National Mind 'CoTme¢ting Minds, portal and are encouraged to attended National Mind conferences and network tneeting5. The Board agrees the 5trdtegy and dITtiOn of Devon Mind, and delegates th¢ day-to-day management of the organisatton and the provision of services to paid staff and volunieers who work under the authority of the Chief Executive Officer and the senioi managernent team. The senior managemenl team is made up of th¢ Chief Executive Officer, the Head of S¢rvices. the Business Supy)rt Manager and th¢ Clinical Lead. The BoaTdofTrustees met 9 times in the year. TheFinaD¢e and Resources sub-committee. and the Quaiity and Standards su1CoMmittee each met 5 time5 in the year. The Chief Executive Officer works closely with trustees to lead the organisation. focus on external profile and comrnissioning, oversee the organisation's budgets and managern¢nt a¢¢ounts, the strategic priorities, business plans. policie5, and ensuring service delivery is delivered to the highest qua12ty, and managed effeciively and efficiently. The pay levels of ail staff, ineluding the senioT management team are benehmatked regutarly against other providers and similar roles itt Devon. Any changes to pay levels are agreed by the Board of Trusiees. Devon Mind is affiliated to Mind, the national mentsl health charity, as a Local Mind Association through the Mind Federation Agreement under which all local Mknd5 now operate. There is no financial ormanagerial connection beyond the payment ofthe membership fee. The AgreeTnent with Mind enables us to detern)ine our own policies and activities locally. Adive involvement with the pr(Kesses of the Mind Federation's "Quality Management" scheme facilitat¢s orgaJ)isational improvement through self-reflection and external assessment. Our curret]t Mind Quality Mark (MQM) with Mind enswes we maintsin our eligibility to membership of th¢ Mind Feiieration.
Devon TRUSTEES, ANNUAL REPORT Condllued Ststement of the Board ofTrnstees Responsibilities The trst¢¢5 (who are aiso directors of Devon Mind for the purposes of ¢ompaJ)y law) are Tesponsible for prepaTing the Ttees, Annual Rq)ort and th¢ finamciai statements in ac¢ordan¢e with applicable law and UnÈted Kingdom Accounting Standards (United Kingdom Generatly Acc¢pted Accounting Practice). Company law requires the trusiees to prepare financial stat¢ments for each financial year. which give a te and fair view of the state of affairs of the charitabl¢ Company and of the incoming resources and application of resources, including the income and expendltte. of the charitsble company for that period. In Preparing these financial statements, the trnstees art required to.. Seleei suitable accounting policies and apply them ¢onsisiently. Observe the rnethods and principles in the Charities SORP 2019 IFRS1021. Make judgements and esiimates that are re&sonable and prudent. State wheth¢T applicable accounting standards have been followed. subject to any material d¢partures disclosed and explained in the financial statements. Prepare th¢ financial statements on the going ¢oncem basis. unless it is inappropriate to &SSUTne th¢ charitable company will continue in operation. The trustees are r¢sponsible for keeping &dequate aecounting records that disclose with reasonable accuracy at any tim¢ Ihe financial position of the charitable company and enabl¢ them to ensure that the fiTaancial slatemenis comply with the Companies Act 2006. They are also responsible for safeguarding ihe assets of the charitabl¢ company and hence for (aking reasonable steps for th¢ prevention 8md detection of fraud and other ittegulariiies. The tlltees are responsible for th¢ maintenance and integnty of the corporate and finartcial information in¢luded on the charitable company's website. Legislation in the United Kingdom goveming the preparation and dissemination of finan¢ial ststements may differ from legislation in oth¢r jurisdiaions. All members of the Board of TnteeS give their tsme voluntsrily and received no benefits from the charity. FiDanclal Revlew The year ending March 2024 was a turbulent one both globally amd nationally, due to the following key challenges: ongoing war in Ukraine. energy challenges across Europ¢- soarin8 cosl-of-living ¢risi5 and impact of rising inflation. All ofthe above played a key part in some ofthe increag¢d costs borne by Devon Mind in thisyear. W¢ have maintained a heal¢hy cash-flow throughout the year through regutar review of expenditure alld ongoingcosts. Total in¢om¢ for the year is £985.880 of which £880.647 is froln contracted income for services and perforn]on¢e Telated grants as per note 3. The Devon Menial Health Alliance (fided by NHA England) constitutes the largest conts¢t currently held by Ikvon Mind. Other large projects are funded by Plytnouth City Council and Naiional Mind. Our Mental Health trdining programme and'paid for ¢ounselling' continues to generate inwme, and this yielded £42.523 81 year end. The Charity has benefitted from the increased awareness of rnental health in society over the recent years and this was very mueh atthe forefront ofthe pandemic. Thetotal amount ofvolwifary donat¢d income generated in this financial year was £125.27]. This represents a r¢du¢ed figure when compared to £226,853 generated in 202212023 - this dOtUrn reflects a national pattern of reduced personal giving per ¢apits. This is not unexpected as w¢ anticipated the cosi of living crtsis would impact on peopl¢'s abslity to donate to charities. Total costs of the charity are £1.149,923 and the [tre of our activities means this consists largely of salary costs and project delivery costs. ThenetexpenditUTe fortheyear is£l13,747 and this largely reflects the (kL¥easeindonated income streams. The net assets of the charity at the year-et]d are £932,601 and fixed assets represent £545229. Restricted fijnds are £401 and unrestricted funds £932,200 including a des1)ated fi]nds of £729,484 per note 17. General unrestrxct¢d fvnd is £160,151. 12-
Devon TRUSTEES, ANNUAL REPORT CoDtlnu¢d GoiDg Coneern The Board of Trustees has Carefully assessed the ftnan¢ial position and ongoing operationa] ¢ommitments ofth¢ ¢harity. includtng a review of current resources. projected income, and the exter[ envirot]meni in which ihe charity operates. Based on this review, the Trustees have reasonable expectations thai the charity has adequate r¢sources to continu¢ its activities for the foreseeable future. The Board of Trustee5 note the following k¢y indi¢aiors. Steady gro in fLmdraising efforts over the last 3 years. D¢)nation income is expected to remain" at similar levels to 202212023 -within the region of £IOO,OOO/annum. Steady growth in the earned income of the charity through the delivery of cOrnrn¢Tcl training and paid-for counselling. This is anticipated to continue to W in the 202412025 financial year. Acontinuing diversificationinourdonorbaseandgreaterawareness ofDevon Mindomongstthewryderpublic. Effeciive cost manag¢ment measures resulting in controlled operating expenses. Devon Mind has contracts in place with NHS England (NHSE) and Plymouth City Council to deliver mentsl health services throughout the county. Devon Mind are a leadership m¢mbeT and the main delsvery provider forthe Devon Mentsl HealthAlliance (DMHA). Wecontinuetodeliv¢rservices and (o successfully meet KPIS on all commissioned service5. The contract ¢nds in January 2025. and a +2 year extension h&s been aed to January 2027. The charity is financially sound following the sale of the freehold property in the 2022r2023 fu)ancial year. The charity has no bOOw1ngS and crediiors are the nornial SuppliS. HMRC and the landlord. We pay our liabilities &$ they fail due. Our analysis ofcash flow proje]0$ indieates that Devon Mind has sufficient liquidity to meet its short-term financial obligations. including project-related expenses, Staff salaries, and overhead costs. The forecasted ineome and ¢xp¢nditUTe for the yeax ended 31 March 2025 and cashfiow forecasts to Match 2026 are sustainable. Wehave assessed the impact of Devon Mind's projects and initiatives on ihe communities we serve, and we publish the findings in our annual Impact Report. The positive outcornes report¢d and the powerful testitnonials we receive from betjeficiaries dernonstrate the meanin8fv1 ¢¢)ntTibulion of Devon Mind to its rnission. In light of the econornic climate thal we will continue to operate in, we have implemenied several strategies to miligate risks and to ensure th¢ continued contiibution of Devon Mind to better m¢ntal health for all in Devon. Diversification of revenue streams through targeted fundraising and grant applications. The charity h employed a bid Hyiter to lead on funding applications and tenders to piovide a e4)ntribution to the core costs of th¢ ¢lwity, but to also nd susthinable developtnent and growth across Devon. In¢reased promotion ofpaid for services including our commercial mental health training and tsur eounselling 5¢rvic¢s. Exploring paTtnership5 and collaborations to share resources and experttse. Continued ¢ffort5 to streamline operations and optimise cost effi¢i¢ncy. We acknowledge that external factors such as economic downturns. changes in donor behaviow, changes in the priorities of statutory funders {e.g.. NHSE and local authorities), and unforeseen events can impact Devon Mind's fitwicial stability. However. we have taken steps tobuild a resili¢nt and adaptive organisaiion that 1] position us well to navigate potential challenges. Devon Mtnd has appropriate in5uranc¢ in place to cover business inierniption through a 'cat&%troph¢'. We have a TobusL highly skille(L and eifjcient senior ageMent team who lead on different of excellence for D¢von Mind. Based on our assessment of the fllwicial statements, ch flow projections. impacL and mitigation Strdtegtes, we are optin)istj¢ 8bout the going ¢oncem status of Devon Mind. While external challenges exisL the organssation's strong commitment to its mission, responsible financial managemenL and otwoin8 efforis to secur¢ fi]nding sour¢es provide a solid foundation for its continued operations. Weremain dedicatedtomonitoring theorganisation's fillanei health, adaptingto changing circumstanees,aTtd ¢nsuTing the long-tenn sustainability of Devon Mtnd. 13
Devon TRUSTEES* ANNUAL REPORT Continued lllvestment Policy The tntstees use a dis¢retionary investment management serviee with an investment portfolio level at risk category .6,. RBC Brewin Dolphin act as Devon Mind's investment advisor5. RBC Brewin Dolphin engoge with COTnpanies directly and as member5 of leading industry bodies on irnwrtamt issues that could impact the value of our holdings. As signatories, they adhere to th¢ UN Prtnciples of Responsible investment. As the year end, the market value of the portfolio had intrea5ed by £50,296 and this reflected the general movemeni of the global rnark¢t in avolatile profile inthisp¢riod. Of note. Devon Mind is invested inmicrosoft and Scottish Mortgage who are both h¢avily invested it] Artificial Intelligence {Al) w)tentiai. The expansion of Al coutd be tronsforniational in the market in the futur¢. The charity has an appropriate Investment Policy in place which is reviewed on an annual basis by th¢ Quality and Standards Sub-cornmitt¢e of the Board of Trustees. The trnstees have considered the future sustainability Of our invesknent portfolio gnd believe it is important that we Invest resJx)nsibly to achieve our charity's goals. As steward5 of our investments, our investment managers Brewin Dolphin take account of a wide range of environmental, SOCI and governance fa¢tOTS when &ssessin8 and selecting inv¢stm¢nts for our portfolio. Deyon Mind committed io retaining our independ¢nt stance in relation to the use of rn¢di¢ation so that we can Continue providing a voice for people with experience of m¢ntai health problems. In order to retain this independence, Devon Mind will not invest any charity fimds in companies snvolved in the maJ)ufaeturing, sellin& or promotion of pharn]aeeutiea]s. 12. Principal FuDdiDg Sources Th¢ principal funding sources are set out in note5 2 and 3 to the a¢cots. The trStee5 d¢eid¢d to sell the freehold property 8 Woodside, Greenbank. Plymouth. PL4 8QE. in late 2021. The property was put on the markrt for sale in February 2022 when the charity rnoved to leased premises at 156 Mannamead Road. Plymoud4 PL3 SQL. The sale of the property in June 2022 realised £485,360 in cash and a gain on disposal of £321,853. 13. Reserves Poliry The charity needs to hold reserv¢s for the followin8 principal reasons: To cover gaps between in¢vrring expendire and receiving the corresponding grdntlcontraet ineorne, particularly in relation to EU fiu)ding and the Devon Mental Health Allianc¢ (DMHA),. Maintain services if fimding is suddenly reduced or withdrawn unlil new funding can be found. Provide for unforeseen expenditttre. Pay redundancy costs if services are reduced. Winding up the Charity in the event of closure. Th¢ charity aims to ¢5tablish and hold in resee$ four months of operdtional costs, notic¢ p¢riodlredundancy provision for eligible staff, and wind-up Costs in th¢ unlikely event of the ¢lwity having to close. The trnstees have also setaside de5i8nated filnds totatling £729,484 &8 detsiled at note 17 to cover redundancy, shortfall in EU fimding reimbursements, development opportLmiÉies, and lTrequirernents. Th¢ ¢hority Considers that its present levels of reserves, together with the changes onticipated in these during the forthcoming year, satisfy the ¢riterta set out above, and no action isdeerned to benecessary at the present time to change these levels. The charity reviews both the level of its reserve5 and its policy on r¢s¢rv¢s continually and specifically al the tirn¢ of consideration of the Annual Budget. 14-
Devon TRUSTEES. Af4NUAL REPORT Continued 14. Furtdr¥ising StaMd*rds Information Ikvo21 lld is Te8isI¢T¢d with the'Fundraising Ile8ulator'. The charlty has policies and procedures in place lo ensure Ctstnmilment 10 good lund-rai5ing praclice. inLILJdiiib the wcial. environtnenlal. and ethical considcrations attach¢d to dIerent fund-raising aciiviiie 15. Principal and Registered Office Profe$sional Advisers The regi51¢red office of th¢ charity is.. Mannatnead WcllEetng Hub 156 Mannamtad Road Plymouth PL3 SQL Profe%sion%l adviser$ tjankers.. Unity Trust Bank Plc. Ninc Brindley Place. 4 002ells %quare, t3irminghatn. Bl 2HB CAI-. Ilank L.Id. 25 King% I lill Avenue. Wcsl Maling. Ktiit ME19 4JQ Triodos BanL DL'anery Road. Bristol. BSI SAS Naiionwidc 14uilding Sociciy. Nalionwide House. PipBr5 Way. Swindon, SN38 INW National WesThinstrr Bk Plc.. 250 Bi8hotK9gaie. London. EC2M 4AA Indendent Examittr.. Northcott Trumfield. Ch&iered Accounlani& Devonshirc Vill& 52 Stuart Road, l)IyTnouih. IIL3 4EE &)liciiors= Tozers LLP. Broadwalk 14ouse. Souihemhay Wesl. Exeier, D¢von. EXI IUA Investtnenl manage.. RBC Bwin Dolphin 12 Smiihficld SttE London. EC IA 9BD This report has ken prepared having tsken advaniag¢ ofihe small companies exemption in the Companies Act 2006. Approved by the JJoaTd of TnTre¢s on 24 Ociolrr 2024 and signed on its IKhalf by.. . Chair P Gutldford
Devon INDEPE]¥DENT EXAMINER'S REPORT TO THE TRUSTEES OF DEVON MIND I report to the chatity tThstees on my examination of the accounts of the company for the year ended 31 March 2024 which are set out on pages 17 to 39. Responsibilities and basls of report As the ¢Frity trn5tees of the company {and also Èts directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with th¢ requirements of the Companies Aci 2006 ('the 2006 Act'l. Having satisfied myself that the accounts of the eompany are not required to be audited under Part 16 of the 2006 Act and are eligible for independeDt examination, I report in respect of my examination of yi)ur company's accounts a5 carried out under section 145 of the Charitie5 A¢t 2011 ('the 2011 Act.). In Carrying oul my examinati(>n I have followed the Directions giv¢n by the Charity Commission under section 145(5Xb) of the 2011 Aet. Independent examiner s sthtement Since th¢ ¢ompany's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirni l am qualified to underEake the examination because l am a member of The Institute of Chartered Accountants ID England and Wales, which is one of the lisced bodies. I have completed my examination. I confirm that no matters have come to my attention in ¢onnection with the examinatton giving me cause to believe that ill any material respe¢¢'. accounting records were not kept sn respect of th¢ wmpany as required by sectlOA 386 of th¢ 2006 Act" or the accounts do not accord with those records; or the accounts do not comply with the ac¢ountingrequirem¢nts ofsection 396 of the 2006 Act otherthan any requirement that the ac¢ounts giv¢ a 'tru¢ and fair view. which is not a matter considered as pan of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing th¢ir acwunts in accordance with the Financial ReportEng Standard applicable in the UK and Republic of Ireland {FRS 102). I have no con¢ems and have come across no other matters in eot]nection with th¢ ¢xaminalion to which attention should be drawry) in this report in order to enable a proper understanding of the accounls to be reached. Signed: Guy Yan Northcott FCA, Bsc(Eeon) Hons, D¢hA For on behalf of: Nortbcott Trumfield Chartered Aceoutttants Devonshire Viua 52 Stuart Road Stoke Plymout PL3 4EE Date: 24 October 2024 16
Devon STATEMENT OF FINANCIAL ACTtVlTIES ODcluding Income and Expendltsre Account) FOR THE YEAR ENDED 3J MARCH 2024 2024 2023 Restricted Funds Unrestrlcted Funds Total Totsl Note Income and ettd•wments from: Donations and legacies Charitable activities Jnvesunents Other income: Gain on the disposat of a tangible fixed asset held for Charity's U5¢ 125,271 46,287 13,875 125,271 846,734 13.875 226.853 806.689 3,844 8(H).447 321,853 Total itieom¢ Ind eDdowments 800.447 185 433 985 880 1359 239 Expendlture on: Raising fimds Charitable a]vitieS 26.137 355,238 26,137 1,123,786 31,915 889,570 768.548 Tolal expettditure 768 548 381375 1 149 923 921485 F4et gainlooss) oll investment$ 13 50,296 50,296 (2250) Net IDcomel(expellditsre) before transfen 31.899 (145,646) (113,747) 435.504 Trsn$f¢r between funds 17 (31.4981 31.498 Net movement in furtd$ 401 (114,148) (113,7471 435,504 Re£oDcili&tioD of fvnds: Total funds brought fonvayd 17 1,046,348 1.046,348 610,844 Total fimd5 carried forward 17 932 200 1046 348 All incom¢ and ¢xpenditUTe derive from continuing activities. The stAtement of f]nancial activities includes a]1 gains amd losses reColsed in the year. 17-
Devon STAT&MENT OF FINANCIAL POSITION AS AT 31 MARCJI Z024 2024 2023 Note Fixed A55ets Inwgiblc Fixed Awts Tangible Fixed AsSCIS InvLstments 169 6.031 539.029 545.229 3.631 4.395 482.381 490.407 12 Current Assets DebrS Cash ai Bartk and in Hand 14 72.609 363.124 435.733 166.566 424.101 590.667 Creditors.. Amounts rlIng due within onc ycar Net Current Assets 387.372 555.941 Total Net Assets 932.601 1,046.348 The Funds of the Charity: Funds 17 9326DI 1046.348 Thcse acLM)unL% have becn prepared in atti>rdaDce witli the provisions applicable io compynies subject to tk small companies rL'8itne. The financial Slaietnents were approved and authori%¢d tor issue by lh¢ Trustee5 on 24 (kiober 2024 and s18t on tIKir khalf by-. Chair P Guildfurd Trustee Cornpany regi5trdtion numbcr 10281020 The notes on pages 20 10 39 form part of these a¢£ounts.
Devon STATEMENf OF CASH FLOWS FOR THE YEAR ENDED 3114IARCH 2024 2024 2023 Nots Cash flow from operating aetKvities 20 (48,443) 169,390 Cashjlowfrom wvesiing otlivtlies Paymertts to awire tangible assets Payments to a¢quire inv¢stments ReceEp(s from sale of investtn¢nts Receipts from sale of assets Dividends and interest receivable (4.226) (97,991) 75,808 (2,506) {484,631) 485,484 3,844 13,875 Net iD¢r¢4sel{decrease> in cash equlvalets {60.977) 171,581 C&sh and eash equivalents at l April 2023 424,101 252.520 Cash and cash equivalents at 31 March 2024 363 124 424.101 Cash and cash equlvalent consists of: Cash at bank and tn hand 363,124 424.101 19-
Devon NOTES TO THE ACCOUNrs FOR THE YEAR ENDED 31 MARCH 2024 Summary of sigllifieant aeeounting policies {a} GenerAI infortTration and basls of preparation Devon Mind is a privat¢ limited company by guarantee registered in Enand. In the event of the charity being wound up, the liability in respect of the guarantee is IiTnited to £1 per member of the ¢harity. The address of the registered office is given in the charity inforrnation on page 6 of these financial siaternents. The nature of the charity's operations and PTincipal activities are to promot¢ the presetvation of mental health and assist in relievin8 and rehabilitating petsons suffering from mental disorders or conditions of emotional stress in the county of Devon. Th¢ chaTity constituies a public benefit entity as defined by FRS 102. The financial statements have been prepared in aeeordane¢ with Accounting and ReportEng by Chariiies.. Statement of Recommended Practice applicable to charities preparing their aCCots in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) (s¢¢ond edition - October 2019), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted AontIng Practice. The fthanciai statemen1$ Are pr¢pared on a going coneern bLsis under the historical c05t coentiOn. The fiTwKial statements are presented in sterling which is the fundional eurren¢y of the chaTity and rotsnded to the n¢arest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. Thes¢ polici¢5 have b¢¢n consistently applied to all years presented unless otherwise stated. (b} Fund Aetounting Ullrestricted fimds ar¢ available for use at the dtscreiion of the trustees in fllltherance of the general objectives of the charity and whÈch have not b¢¢ry designated for other PLW)oses. Designated funds eornprise unrestricted funds that have been set aside by th¢ Irustees for particular purposes. The aim amd use of each designated fund is set out in the notes to the fmancial gtatements. Restricted funds are funds which are to be used in accordall with the specific requtrements of the project contracted for. The costs of running and administering such fimds are charged againsi the specific thd. Investment income, gains and losses ar¢ allocated to the appropriate fund. (c) Income Recogllition All incoming resources are illcluded in the Staternent of Finan¢ial Activities {SoFA) when the charity is l¢gally entitled to th¢ income after any perfom)ance conditions have been tnel th¢ arnouni can be measured reliably and it is probable that Ihe 2ncorn¢ will b¢ rc]ved. For donations to be recognised the charity will have been notifjed of the amtsunts and the settlement date in writin& If there are conditions attach¢d to the donation and this requires a level of perfoman¢e before eniitlement ean be obtained then incorne is def¢Tr¢d until those ¢ODditions are fully met or Ihe fulfilment of th¢)5¢ ¢ondilions is within the Control of the charity and it is probable that they will be fvlfilled. Dottated facilities and donated professiona] services are wognised in itteome ai their fair value when the2r economic benefit Is probable. it caj) be measured reliably and the charity has cc)ntrol over the item. Fair value is deterniined on the basis of the value of the gift to the charity. For example. the alnount the ¢harity would be willingio pay in the open market for such facilities and services. A Corresponding amount is recognised in expenditure. No amount is included in the finaneial statements for voluDt¢er lime in line with the SORP. Further detail is given in the Tntee8. Amiual Report. Fixed asset giftg in kind are recognised when receivable and are included at fatr VUe. They are not deferred over the lif¢ of the asset. 20-
Devon NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ConL For legacies, entitlement is the earlier of the charity being noiified of an impending distribution or the legacy being received. At this point it]come is recognis¢d. On occasion legacies will be notified to the ch2Tity however it is not Possible to measure the amount expected to be distributed. On these occasions, the legacy is treated a5 a contingent asset and disclosed. In¢orne from trading activities includes income eamed from fulraIsing events and trading activities to raise funds foy the ¢harity. Income ig received in exchange for Supplying goods and services in order to rais¢ funds and is recOlSed when entitl¢ment has occurred. The Charity receives government grants in respect of mental health sejvices. Income from government 8Ttd other gtts are recOlSed at fairvalue whet] the charity ha5 ¢ntiilement after any perfom)ance Conditions have been meL it is probable thal (he income will be received and the Amounl can be measured reliably. If entitlement is not met then these aniounts are deferred. Inveskneni income is earned through holding assets foT inve51ment purposes such as shares. It include5 dividends and interest. It is ineluded when th¢ amount can be measured reliably. Interest income is recognised using the effective interest method and divtdend and rent inwme is recognised as the charity's right to receive payment Is established. Incorne tax r¢Verable tn relation to donation5 received under Gtft Aid or d¢¢ds of covenant IS Te¢01$¢d at the time of the donation. (d) Expenditure RecogDitioD All expenditure is a¢¢ounted for on an accnll]s basis and has been classified under th¢ h¢ading5 that aggregate all costs related to the category. Expenditure is recognised where ther¢ is a legal or constructive obligation to make payments to third parties, it ss probable that the settlement will be required and th¢ amount of the obligation wi be measured reliably. It is caiegorised under the following heading: Costs of raising funds includes salarie5 and associated expenses directly attributable to fund raissn8. Expenditure on charit8bl¢ a¢tivities includes all costs incurred to promote and undertake charitable a¢tivities. Other expenditure Tepresents those items not falliTJg into the categories above. Irr¢Verable VAT is charged &% an expens¢ against the activity for which expenditure arose. (e) Support Costs Allocatio Support Costs are those that assist the work of the charity but do not directly represent charitable activities and inelude office costs, governance costs and administraiive pa>ToII costs. Th¢y are incurred directly in support of expenditure on the objects of the ciwity and include project management. Where sllpport costs ca]llJot be direclly attribut¢d to particula headin&% they have been allocated to cost of raising fiinds and expenditure on ch3ritsble a¢iivitle5 on a basi5 eonsisteni with use of the resources. Fundraising costs are those incUed in s¢¢king voluntary contributions and do not include the costs of disseminating infomiation in support of the charitable a¢tiviti¢s. (fj Pension ColltributlOIlS The charity operates a defined wntribution pension plan under Auto enro]rnent. The costs of these contributions will b¢ written off in the year they become payable. (g) For¢igD Currencies Transactions in foreign currency are initially recogntsed in Sterling uslng spot rdtes Nling at the time of th¢ transaction. Assets and IabIlitIeS denominated in a foreign currency are translated to sterling using the rates ruling at the y¢ar ¢nd and any profit11055 arising is written off to the SOFA. (h) Int#n8ible Assets- other Intan8Lble a55et8 are amortised on a straight line basis over their tful lives. The use1 lives of intsngible Lssets 8r¢ &$ follows.. Computer Sofvare 4 yeats Straight line 21
Devon NOTES TO THE ACCOUNrs FOR THE YEAR ENDED 31 MARCH 2024 ConL Tangible Fixed Assets and Depreciation Tangible fixed assets are stated at Cost less accumulated depre¢iation and accurnulated impairnient losses. Depreciation is provided to write off the cost of tangible fixed asset5 less estimated residual valu¢, (excep( freehold land) over their expected useful lives on the followin8 basis: Computer Equipment Equipment and Furniture Buildings straighi line straigh( line straight line 200/0 2/0 Investmtnts Investments are r¢¢ognised InitilY at falr valu¢ which is nornially the transaction price excluding tranSlI0n costs. Subsequendy. they are measured at fairvalue with changes rognISed in 'tJet gains 1 (105S¢5) on investments, in the SOFA if the investsneRts are publicly traded or their fair Yalue can othenvise be measured reliably. Ik) Debtors Trade and other debtois ore rOlSed at the settlement amount du¢ after any trade disc4)unt off¢red. Prepayments are valued at the amount prepaid net of any trade discounts due. C3sb at Bank and in hand Cash at bat and cash in hand includes cash and short t¢rn] highly liquid investments with a short maturity of three onths or less from the date of acquisition or opening of the deposii or similar aecount. {ml Creditors and ProvisTron5 credito 2nd provisions ar¢ r¢¢ognised where the charity has a pres¢nl obligation resulting froTn a past event that will probably result in the transfer of fimd5 to a third party and the amount due tts settle the obligation can be measur¢d or estimated reliably. Creditor5 and provision5 are nornially recogSed at their s¢ttl¢ment amount after allowing for any trade discow]ts due. In) Leases Rentals payable und¢r operdting leases are charged to the SOFA on a straight line basis over the period of the lease. {0) Employee Benefits When employe£s have rendered s¢rvi¢es to the charity. short-terrn ernployee ben¢fits to which the employees ar¢ ¢ntiiled are recognised at the undiscounted amount ¢xp¢ct¢d to be paid in exch&Jge for thal s¢rvic¢. (p) Financial Instruments The charity only has financial assets and financial1É8bilities of a k*nd that qualify as basic financial ins1nents. Basic financial instruments are initially reco1]Sed at transaction value and subsequently rneasured at their settlement value with the exception of bank loans whÈch are Subsequently me&sured at amortised cosi u5in8 the effective interest method. (q) Taxatioll The charity is an exempt charity within th¢ meaning of Schedule 3 of the ClritieS Act 2011 and passes the lest of Paragraph l of Schedule 6 of the Finance Ad 2010 and th¢Tefore it meets the definition of a charitsblc Company for UK ¢OTporation tax plwposes. (r) Going Coneern The fsnantial statemeths have be¢n pr¢paTed on a going concern basis as the trustees believ¢ that no material uneertainlies exist. The trustees have considered the level of funds held and the expected level of incorn¢ and expenditure for 12 months from authorising these financial stat¢m¢nts. The budgeted income and expenditure is 5uifieient with the level of reseTres for the Charity to be able to continue os a going ¢oncern. 22-
Devon NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 CODL (s) Key aeeounting judgements alld sourc¢$ of estimatitstt uncertaTrDty Estimates and judgements are continually evaluated and are bed on historical experience and other fact¢)rs. including expectstions of future ev¢nts that aTe believed to b¢ reasonable in the circumstances. Critical judgements ill apptyiDg the Charity's aetOUDtiDg policies i) AThed income (ttotes 3 and 12) Income igrecognised tn the statement of financial activiiies when the following criteria has been met.. the charity is entitled to the income, it is ¢on5idered probable that the income will be received and the income can be reliably measured. Some projects are funded retroSptive1Y and accnJed income is calculated based on proj¢d expenditure that is to be fimded under the tem)s of th¢ ¢ontrdcL Key accountlne estimAtts and assumptions The charity makes estimates ond assumptions concerning ihe future. The resulting aceounting estimates will, by definitioN seldom equal the related aetllal r¢sults. The estimates and assumptions that have a significant risk of ¢ausiTJg a materia] adjustment to the carrying amoullts of assets and liabilities within th¢ next financial year aTe addressed below. i) A¢cnked income (notes 3 and 12) Some projects are fid¢d r¢trospe¢tively and accjued income is ea]culated based on project expenditur¢ that is to be fided under the temis of th¢ contract. This requires estim8tton of the income due to the charity.
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Devon r40TES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ConL Governane¢ Cts 2024 2023 Independent Examination Auditor remuneration 2023 Legal Tnlee travel exn$¢5 Human resource adviee General 2,400 1,2(X) 4,720 4,351 266 5.142 13 341 8.996 1,390 Fundraisillg Costs 2024 2023 Advertising Giving costs Events and awareness SLmdry Professional fundraiser tnvesbnent management costs 3,595 3.832 13.083 963 2,782 965 17,676 1,313 6,048 3,131 Net IDcome/ xpeDditure) for tbe Year 2024 2023 Net income for the yeaT 15 Stat¢d after charging or crediting.. Depreciation on tanb]e fixed assets Amortisaiion of intangible fed assets Loss on disposal of assets Audiior remuneration Ind¢pend¢nt Examination 2,590 3,462 2,139 3,750 1.292 4,720 2,400 30-
Devon NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 CoDt. EtDolumeDts of Employeos The averdge rnonthly number of employees and fvll-time equivalent {FTE) was: 2024 2023 Devon Menthl Health Alliance Alcohol amd Menial Health Proje¢l R¢Very College European Projects TraininOther GeneraE 18 28 23 The cost of th¢ employees was: 2024 2023 Wages and salaries Social securiry costs Pension contributions Redundamcy 823.006 66,747 17,047 613,905 48,562 12,588 3,750 678,805 No employee earned greater thall £60,000 per annurn. None of the Directors received any emoluments. One director receiv¢d travel expens¢s of £341 (2023 - £266}. The key management personnel of the charity cojnprise the trustees and the Chief Exe¢utive Officer and the Senior Matydgement. The total employee ben¢fits of the key management personnel were £113.726 (2023 - £115,479). 11. Intskngible Fixed kntts Webslte Totgl C05t As at l ApTiI 2023 Additions Disposals As at 31 March 2024 15.000 15.000 Amortisgtion As at l April 2023 Charge for the year Eliminated on disposals As at 31 March 2024 (11,369) 13.462) (11.369) (3,462) 14,831 ¢t Book V#lu¢ As at 31 March 2024 169 169 As at 31 March 2023 3.631
Devon NOTES TO THE AccouNrs FOR THE YEAR ENDED 31 MARCH 2024 Cont. 12. T#ngible Fixtd Assets Other Equlpmellt Total Cost As at l April 2023 Additions Disposals As at 31 March 2024 15,768 4,226 15.768 4,226 19.994 DepreclAtio As at l April 2023 Charge for the year Eliminated ot] disposals As at 31 March 2024 (11.373) 12,590) (11.373) {2,590) 13.963 Net Book Value As at 31 March 2024 6,031 A5 at 31 March 2023 13. Fixed Asset Investrnents 2024 2023 As at l April 2023 Additions Disposals Change in market value Movement in cash held 482.381 97,991 (75,808) 50,296 (15,831) 484.631 (2.250) As at31 Mawh 2024 539.029 482 381 Equities Securities Cash wtthin imtestment portfolio 442,410 92,681 3,938 388,733 73,879 19,769 539 029 482 381 14. Debtors 2024 2023 Accrued income Prepayrn¢nts Other debtors 64.959 5,332 2,318 143.205 5,393 17.968 166.566 -32-
Devon NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Cont. 15. CreditOTS: Amounts fAlllttg dvt within one year 2024 2023 Trade creditors Other tsxes and social securiry Accruals Deferred incom¢ Other creditors 7,542 19,282 9,533 8.316 3.688 7,180 13,549 9.767 1,525 2.705 34,726 16. Deferred In¢fjrne 2024 As at l April 2023 Additions during the year Amounts released to income 1,525 8,633 1,525 A5 at 31 March 2024 33-
Devon NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 21b24 CoDt. 17. Fulld Reeoneiliatio Balance at J April 2023 Balance at 31 Mareh 2024 Transfer Transfer Out Income Expenditure Gain Restrfficled Funds Recovery Colleg¢ (Plymouth Ctty Council) Alliance (Allianee Community- Contract) National Mind (RegeeS Asylum Seekers Projeci) National Mind (Asics) 117,369 106.566 10,803 646,443 625,748 20.695 22,451 14.184 22.050 14.184 800.447 768,548 31.498 401 Unrestricted Funds GeT2erdl fund Designaled Funds Digital co$ EU pr(>jects Developmertt fimd Cessaiion fithd Capitsl fimd Lease MmI1ents IDV¢Stm¢Dts 271,816 185,433 381,375 76,546 42,S65 50.296 160,151 5,(M)O 30,(M)O 50,000 85,000 8,026 111.506 485.000 5,000 30,000 50,000 85,000 6.200 68,284 485,0(M) 1,826 43.222 185433 381375 889 635 Revaluatiott Reserve 42,565 42,565 1046 348 985 880 1149,923 119.111 119.111 932,601 -34-
Devon NOTES TO THE ACCOIJNTS FOR THE YEAR ENDED 31 LIIARCH 2024 ConL Restricted Ineome Fund$ Fded Pro'ects Recovery College Menial Health ServEces - The Recovery College offeTS a suite of different activiti¢s (both online and fac¢-tO-face) that people cat] access in their own time, doing a5 much or as little as they feel would benefit them. Through the Reeovery College, e offer a suite of different psy¢hoeducational course5 that support people tts better understand and manage their mentsl health challenges. We 21so provide ¢ounsellin& acce5S to peer support groups. volunteer training and deploymenL and opportuniti¢s for people io develop social ¢onnections and build their friendship groups. Our peer support oups in particular 515PPOrt people to meet others who h#v¢ similar experiences to them, thus r¢ducing the isolation that mental ill health commortly causes. Devon Menial Healih Allianee (DA4HA) - The DMHA has a key objeetive to promo1¢ bett¢r system integration between community and ststutory organisations in Devon to ensure better access and improved OlcOmeS forpeople in Devon with severe mental illness. The DMHA is an alliance of 6 D¢von VCSE organisaiions working in parth¢rship with Devon Partnership Trust and Livewell Southwest io deliver on NHS England's progratt)me of Community Mental Health Framework (CMHF) transforniation. Nationa/MindRefygeesAsylumSeekers Projeci- We worked in parniership with th¢ Plymouth and Devon Racial Equality Council {PDREC) to support people who had been displaced to Plymouth by the war in Ukrain¢. With the support of an intery)retei, we delivered targeted Sessions focused on managing your mental health. Nalional Alind Aslcs - We worked in parknership with the Plymouth ATgyle Community Trusi to d¢sigm an innovative programme that would support mental health and well-being through the Inteallon of gentle physical a¢tivity and mindfulness PTa¢tic¢s. UBrestricted Funds Menlal Healih Training - There is growing economic evid¢nce to show that poor mentsl health in the workplwe r¢suits in millions of pounds each year bein810st through absenteeism and rK)or p¢rfom)8nce. This has a huge impacl on people and can result in long-tern) sickness absences from the workplace. We offer a wide range of standard and bespoke training courses to help organisations d¢velop mentslly healthy IWOTkplaces and to embed wellbeing promotion into iheir core PUTPOS¢. DuignuledFunds- All EU Interr¢gprojects require pre-financing, with 60/0 of the expenditure beingr¢paid tothe Chlty follomryng the sublnission of 6 Tnonthly claims. We will rnainiain a designated nd of £30.000 in the event that th¢r¢ is a delay in any of the claim repaents. The Trustees have also designated £60,000 towards redundancy costs. 35-
Devon NOTES TO THE Accour FOR THE YEAR ENDED 31 MARCH 2024 CotsL 17. Fund Reconeiliation Loss Balance at l April 2022 BAlattee at Tr*nsfeT Transfer Invest 31 March In Out -menty Income Expenditure 2023 Restricted fullds EU Projects PATH Ilnterreg 2 Seas) SPEED-YOU-UP (Interreg 2 Seas) HAIRE (Int¢rr¢g 2 Seas) 1,241 34.395 23,490 8,228 22,557 50,541 11,842 13.079 27.051 3.614 r40tt EU Projects Recovery Colleg¢ {Plymouth City Council) Growth Project INational Mind) Allianee {Alliance Comrnunity- Contract) Alcohol & Mentsl Health Project (Plymouih Ciry Council) Wellbeing (Plymouth Ciry Council) WfER (Plymouth City Council) WPDF (Plymouth City Council) Feel Good Grant (Devon (C0mnity Foundation) David Gibbotts Living Options Contract (COMF) Colab Exeter 116,669 100.791 3,213 13,759 29,637 3,213 332,178 332,178 132,871 132,871 3.807 2.819 29.509 3.807 2.819 37.224 7,715 2.969 3,000 15,386 7,500 10,316 2,998 31,436 62,760 153 16,050 61,340 1,420 769 945 797 638 Unrestrirted Funds General nd Designated Funds Salary costs Digital costs Relocation expenses EU projects Development nd C¢ssation fund Capital fund Lease cornmitments Investments 270,429 589,294 123,847 209.696 671,506 2250 271,816 20,000 5,000 16,579 30,000 20.000 5.0(X) 16,579 30.0(K) so,000 85,000 8,026 111,506 485,(M)O so.000 25.000 60,000 176,401 168,375 111,506 485,0(H) 589 294 123 847 881202 876460 2250 1046348 Totsl 610 844 1359 921485 927.406 2.250 1.046,348 270,429 307,980 589.294 123,847 209,696 671.506 671.506 2,250 204,954 271,816 638,026 Designated 578 409 589 294 123 847 881202 876460 2250 1046348 -36-
Devon NOTES TO ThE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Cout. Restricted lrtcome FuDd5 Euro an UnioTJ Funded Pr ects PONToon {Int¢¢g Channel) - Partnership Oppotfjllitieg using New Technologies for fosiering social and economic inclusioN. The proje¢t seeks to create a model fusing digital technology and creative industries with existing employmefjt setvices to irnprov¢ access for wornell from diverse backoUdS ¢xperiencing difficulty accessing equal training and employment opportunities. PA TH(Interreg Two Sea5)-To enable women, families and healthcare professionals to wevenL diagnose and successfi]Ily manage mild and moderate p¢rinatal mental health i55ue5. TIUFFIR (Erasmus Plu5) - Trauma Awareness for First Rcsponders. The project is a strategic parthership which will research and explore the best practice and training needs in each of the partnercountries in respect Orst traumatic Tnental h¢alth needs for firsi responders. PAFYP IEra5mus Plus)- Patrenting Awareness for Young People. This project whi¢h will produce a best pra¢ti¢e training resource for professionals working with young people in higher education, youth worK 001 and in any other health and youth related settings. SPEED-YO-UF {Interreg Two Se05) - Students and NEET Young People, Professiona]s and EducatOTS work on Employability and Entrepreneurial skills in the battle against school Dropout ond Youth UnemPloyment. The overall objective is to decrease the nutnber of (at-risk) NEETS by improving their employability through a -Created entrepreneurship programme that enh8nces entr¢preneuriaS skills. HAIRE (Interreg Two Seas)- Healthy Ageing Through Innovation in Rural Europe. This project aims to develop and test system5 that crnpower and enable older people (aged 61h and no longer employed) in rural areas to define what support they need and to parti¢ipate in the design & delivery of Servi$. on EU Funded Pro ecis Recovery College- The Recovery College offers a suite of different activities (both online and face4to-fa¢e) that people can access in their own time. doing as much or as little as they feel would benefit them. Through the Recovery College, we offer a suite of different psychoeducational courses that 511PPOrt people ts) better understand and manage their mental health challenges. W¢ also provide counselling, access to peer sUPPOrt groups. volunteer training and deploymen¢ and opportunities for people to develop social ¢onne¢tions and build their friendship groups. Our peer support groups in particular support people to meet others who have similar experiences to them, thus reducing the isolation that mental ill health commonly causes. Nexisieps (NaiionalLoiiery)-This project provides early int¢rvention provision for adults and young people in Plymouth with the greatest un-met need for men¢al health support. Support is delivered in GP surgeries in PIyTnouth and within selected s¢condary s¢hwls. DevelopmeniProjecl (Noilortal Mind)- As part of aims and objectives to grow the services and infjuence of Devon M?n(L the Development Project airns to Provide the Charity wilh key intelligence on the tnental health needs of Devon. illcluding gaps in current mental health prnvision, and opportunities foT parts]ership workillg. Devon Menial Healih Alliance (DMHA)- The DMHA has a key objective to promote better system int¢grdtion between cornmunity and statuiory organisations in Devon to ensure better access and improved outcomes forpeople in Devon with severe Tnent21 illDess. The DMHA is an alliance of 6 Devon VCSE organisations working in partnership with Devon Parnership Trnsi and Livewell Southw¢st to d¢liver on NHS England's programm¢ of Community Mental Health Frdmework (CMHF) transforniation. Alcohol & Menial Healih Projecl- This project is d¢liv¢rcd through the Recovery College tn order to improve access to rn¢n health support for people with multiple and eompl¢x needs, including alcohol dependency. As a part of ¢his work, we developed a new relationship with the Alcohol Liaison T¢orn (ALT) ai Derriford Hospitsl in Plymouth. This Work will Continue to be developed in 202212023 -37-
Devon NOTES TO THE AccouNrs FOR THE YEAR ENDED 31 MARCH 2024 Cont. Plymouih VCSE Wellbeing Suppori- This sejvices provide staff and volunteers working in the VCSE in Plymouth with access to a l.. I listening seiCe. mindfulness course& and 8 VCSE peer support group. WJER - Wellbeing for Education Recovery Project. Funded by Pl)Thouth City Council, this was a short terni project to support Plymouth schoo15, coll¢ges and Post-16 provision tt) navigate existing emotional and mental health support in Plymouth. Devon Community Foundat Feel Good Granl - This project provided D¢von Mind with fvnding to offer free eounsellÈng to adults in Devon rnost irnpa¢ted by the CovTd-19 pandemic. Living Options Compnurtity Ouibreak ManagemeKI Fund (COA4F) - This project provided Devon Mind with fi]nding lo offer free courtselling to adults in Devtsn rnost irnpact¢d by ihe Covid-19 pand¢mi¢. Unrestiicted Fulld8 Menial Healih Trainin¥.- There is growing economic evidence to show that poor mental health in the workplace results in Tnillions of pounds each year being lost through absenteeism and poor perfornian¢e. This has a huge impact on people and ean result in long-tem sickness absences from the workplace. We offer a wide range of standard and bespoke training courses to help organisations develop mentally healthy workplaces and to embed wellbeing promotion into their core PUTPOSe. DesignaiedFunds:_ All EU Interreg projects require pre-financing, with 6/ts ofthe expenditure being repaid to the Charity following the submission of 6 monthly claims. We will maintain a designated nd of £30,000 in the event that there is a delay in any of the claim rayMents. The Devon Mind premises consist of a Grade 11 19 Centiiry listed building- order to maintain the building in good condition and meet repair needs in timely mantjer, we will designate £25,(KJO for this puSe. The TrUseS have also d¢signated £30,0(K) towards redundancy costs. 18. Allatysls of Net Assets behveen FMDds Unrostrieted Designated Funds Funds Restrieted Funds Total 2024 Fixed assets Net cuttellt assets 545,229 184.255 545.229 387.372 202,716 401 Total 202 716 729.484 401 932,601 2023 Fixed assets Net Currellt &ssets 490,407 147,619 490,407 555.941 408,322 Totxl 408.322 638.036 1.046,348 19. Related P*rty TrnnsactiOllS Trustee James Evans is a partner of Tozet3 LLP solieitors who provided legal services of £577 (ineluding VAD to the charity (2023 - £7,966). There were no other related paty traTLsaetions during the year. 38-
Devon NOTES TO THE AccouKrs FOR THE YEAR ETr4DED 31 MARCH 2024 CoDt. 20. Reconcilkation frf Net In¢otDe l (ExpendItu) to Net Casb Flow from Operating Aetivitie5 2024 2023 Net incorne for the year (113.747) 435,504 Depreciation of tsngible fixed assets Amortisation of intangible fixed assets Gain on disEx)sal of a tsngible fjxed asset held for charity's own use L05s on disposal of assets Gain on investments (Incr¢as¢)Ide¢rease in debtors Inerewl(d¢oTe&se) in creditors 2.590 3,462 2,139 3.750 (321.853) 1292 {50,296) 93,957 15,591 61.228 (12,670) et easb flow from operating activities 169.390 21. Operating Ltxse ComtnitmeDts 2024 2023 Rent and licence to occupy e05ts Due inside l year Due outside l year and less thall 5 years 31.267 37,017 43,222 68,284 68,284 111,506 22. Fi#aneial Instrnmeots The canying amounts of the eharity's financial Ins1ments are as follows.. Financial assets and liabilities measured at fair valu¢ through net income and expendilure. 2024 2023 Finan¢i#l *$stts Investrients 539,029 482,381 363 124 424 101 Financial liabilities Trade creditors 7,180 Other laxes and 50¢ial security 19,282 -39-