**Charity registration number 1206059 (England and Wales)**
## **UNMASKED MENTAL HEALTH**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **UNMASKED MENTAL HEALTH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Andrew Nelson Declan Wadcock Jonathan Bowen
Helen Naylor Melanie Stead
(Appointed 25 January 2024) (Appointed 1 September 2024) (Appointed 1 March 2025)
**Charity number (England and Wales)** 1206059
## **Registered office**
## **Independent examiner**
First Floor 20-26 Commercial Street Halifax West Yorkshire HX1 1TA
BK Plus Limited 52 St Johns Lane Halifax West Yorkshire England HX1 2BW
## **UNMASKED MENTAL HEALTH**
## **CONTENTS**
||**Page**|
|---|---|
|Trustee' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 14|
## **UNMASKED MENTAL HEALTH**
## **TRUSTEE' REPORT**
## _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
The trustees present their annual report and financial statements for the year ended 28 February 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
## **Objectives and activities**
## **The objectives of the Foundation CIO are;**
1. To preserve and protect good mental health for the public benefit by providing counselling, peer support services, and educating the community and employers about mental health and available support.
2. For the public benefit to relieve the needs of people experiencing or affected by poor mental health through the provision of complementary and holistic therapies including hypnotherapy, reiki, massage, and fitness and nutritional programmes
- 1 -
## **UNMASKED MENTAL HEALTH**
## **TRUSTEE' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
## **Summary of the main activities undertaken for the public benefit in relation to these objectives (include within this section the statutory declaration that trustees has regard to the guidance issued by the charities commission on public benefit).**
1. We support people to relieve sickness.
In the pursuit of enhancing the well-being of individuals grappling with mental health challenges, our charitable initiative aims to establish an intricate network of peer hubs, professional counselling services and alternative therapies. By orchestrating these integrated platforms, we aspire to alleviate the burden of illness and promote mental wellness.
Our visionary approach entails the creation of a range of peer hubs, strategically designed to foster a sense of community and belonging. These hubs will serve as safe spaces where individuals can engage in open dialogues, share their experiences, and benefit from mutual support. By harnessing the power of shared stories and empathetic connections, we intend to cultivate an environment conducive to emotional healing and personal growth.
Additionally, our well-managed and person-centred counselling services will provide individuals with access to seasoned mental health professionals. These experts, armed with profound understanding and evidence-based methodologies, will offer tailored guidance to navigate the complexities of mental health challenges. Our goal is to equip individuals with coping strategies, resilience-building techniques, improved physical health and personalised insights, ultimately empowering them to regain control over their well-being.
Through the strategic fusion of peer hubs and expert counselling, our charity envisions a harmonious synergy that holistically addresses the spectrum of mental health ailments. By fostering a supportive community and delivering targeted therapeutic interventions, we aspire to alleviate suffering and pave the way for transformative healing journeys. Our aim is to work towards a healthier, more resilient society.
2. We educate people about health issues or to prevent sickness
Our charitable endeavor is strategically focused on enhancing public awareness regarding mental health challenges while providing crucial individualised support to alleviate the burdens of illness. We are dedicated to achieving this through a multifaceted approach that includes dynamic conference talks and webinars, targeted employer training, and personalised assistance.
At the heart of our strategy lies a commitment to educate and empower. Through engaging conference talks, we aim to disseminate accurate information, destigmatise mental health struggles, and foster an environment of open dialogue. Our talks, presented by qualified and experienced experts, will not only illuminate the intricacies of mental health issues but also equip attendees with actionable insights to better comprehend, address, and support those in need.
In recognition of the pivotal role that workplaces play in individuals' lives, we are steadfast in our commitment to equipping employers with the knowledge and tools to champion mental well-being. Our tailored training programs will furnish employers with the understanding to create inclusive environments and implement supportive policies. By nurturing mentally healthy workplaces, we envision a ripple effect that extends to the broader community.
Moreover, our cornerstone is providing individualised support. We recognise that every journey through mental health challenges is unique. Through our personalised assistance, we aim to offer a compassionate hand to those in need. Our team of trained professionals will offer guidance, coping strategies, and a safe space for individuals to navigate their struggles, facilitating the path to recovery and resilience.
In the pursuit of our mission, we are poised to be strategic advocates for mental health, bridging the gap between knowledge and action. By leveraging the power of comprehensive education, empathetic individual support, impactful conference talks and webinars, and transformative employer training, we are resolute in our endeavor to alleviate suffering and promote a society where mental well-being thrives.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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## **UNMASKED MENTAL HEALTH**
## **TRUSTEE' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
## **Achievements and performance**
## _Significant activities and achievements against objectives_
We have delivered over 580 well-being and activity hubs between 5th December 2023 and 28th February 2025, with over 5,800 places available and a total of 87% utilization. These well-being and activity hubs operate across the borough of Calderdale within communities and are delivered by volunteers.
## **Our counselling service has delivered:**
Approximately 63 student counselling placements to student counsellors. 6300 hours of low-cost counselling support to over 500 clients, of which approximately 54% accessed these services through our Hardship fund and at no cost to themselves.
## **Financial review**
For the first period ended 28/2/2025, total income was £95,438 and total expenditure £174,237 resulting in a deficit for the year of £78,799.
As outlined in note 1.2 Going Concern, a balance of £68,978 is owed to Unmasked Mental Health CIC which is also currently in a deficit position. The trustees of Unmasked Mental Health (Charity) who are also directors of Unmasked Mental Health CIC have prepared detailed plans and forecasts.
The charity has recently received significant funding through a 3 year grant, it has developed new income streams which are steadily growing and new grant opportunities will become available once the first set of annual accounts are published.
## _Reserves policy_
The charity currently does not hold any reserves. We do have a reserves policy and we ensure that our reporting of our reserves policy meets the requirements of the Charities Statement of Recommended Practice (SORP) (FRS 102) and the requirements of the Regulations.
## **Structure, governance and management**
The company is a Charitable Incorporated Organisation (CIO)
The trustees who served during the year and up to the date of signature of the financial statements were: Andrew Nelson
Declan Wadcock (Appointed 25 January 2024) Jonathan Bowen (Appointed 1 September 2024) Helen Naylor (Appointed 1 March 2025) Leon Carford (Appointed 1 December 2023 and resigned 23 January 2025) Sharna McWilliam (Appointed 1 December 2023 and resigned 1 February 2024) Dominic Furby (Appointed 1 December 2023 and resigned 31 December 2024)
Stuart Rumney Rizwan Ashruff Phil Wheeliker Melanie Stead
(Appointed 1 December 2023 and resigned 5 February 2025) (Appointed 1 December 2023 and resigned 22 January 2024) (Appointed 1 December 2023 and resigned 10 April 2024)
## _Recruitment and appointment of trustees_
Trustees are appointed by Board following open recruitment processes.
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## **UNMASKED MENTAL HEALTH**
## **TRUSTEE' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
The trustee' report was approved by the Board of Trustees.
.............................. Melanie Stead **Trustee 15/04/2025** Date: .............................................
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## **UNMASKED MENTAL HEALTH**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UNMASKED MENTAL HEALTH**
I report to the trustees on my examination of the financial statements of Unmasked Mental Health (the charity) for the year ended 28 February 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
- I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **BK Plus Limited**
52 St Johns Lane Halifax West Yorkshire HX1 2BW England Date: ............................
- 5 -
## **UNMASKED MENTAL HEALTH**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
|||**Unrestricted**|
|---|---|---|
|||**funds**|
|||**2025**|
||**Notes**|**£**|
|**Income and endowments from:**|||
|Donations and legacies|**3**|54,250|
|Charitable activities|**4**|12,797|
|Other trading activities|**5**|28,261|
|Other income|**6**|130|
|**Total income**||95,438|
|**Expenditure on:**|||
|Charitable activities|**7**|174,237|
|**Total expenditure**||174,237|
|**Net expenditure and movement in funds**||(78,799)|
|**Reconciliation of funds:**|||
|Fund balances at 1 December 2023||-|
|**Fund balances at 28 February 2025**||(78,799)|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **UNMASKED MENTAL HEALTH**
## **BALANCE SHEET**
## _**AS AT 28 FEBRUARY 2025**_
||||**2025**||
|---|---|---|---|---|
||**Notes**|**£**||**£**|
|**Current assets**|||||
|Debtors|**12**|1,751|||
|Cash at bank and in hand||2,529|||
|||4,280|||
|**Creditors: amounts falling due within one year**|**13**|(83,079)|||
|**Net current liabilities**||||(78,799)|
|**The funds of the charity**|||||
|Unrestricted funds|**15**|||(78,799)|
|||||(78,799)|
## **15/04/2025**
The financial statements were approved by the trustees on .........................
.............................. Melanie Stead **Trustee**
- 7 -
## **UNMASKED MENTAL HEALTH**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
## **1 Accounting policies**
## **Charity information**
The company is a Charitable Incorporated Organisation (CIO)
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
On 5 December 2023, Unmasked Mental Health Charity was registered by the directors of Unmasked Mental Health CIC with the Charity Commission.
Unmasked Mental Health (Charity) has an accumulated deficit of £78,799 as at 28/2/25 and significant balances are currently owing Unmasked Mental Health CIC and other creditors and suppliers.
Unmasked Mental Health Charity currently owes Unmasked Mental Health CIC £68,978, Unmasked Mental Health CIC is also currently in a deficit position.
The trustees of Unmasked Mental Health (Charity) who are also directors of Unmasked Mental Health CIC have prepared detailed plans and forecasts.
The charity has recently received significant funding through a 3 year grant, it has developed new income streams which are steadily growing and new grant opportunities will become available once the first set of annual accounts are published.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
- 8 -
## **UNMASKED MENTAL HEALTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.7 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 9 -
## **UNMASKED MENTAL HEALTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.8 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.9 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 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.
## **3 Income from donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**||
||**£**|**£**|
|Donations and gifts|1,380|-|
|Grants|52,870|-|
||54,250|-|
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## **UNMASKED MENTAL HEALTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
## **4 Income from charitable activities**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**||
|||**£**|**£**|
||**Charitable income**|||
||Sale of goods|12,797|-|
|**5**|**Income from other trading activities**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**||
|||**£**|**£**|
||Fundraising events|28,261|-|
|**6**|**Other income**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**||
|||**£**|**£**|
||Other income|130|-|
- 11 -
## **UNMASKED MENTAL HEALTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
## **7 Expenditure on charitable activities**
|||**Charitable**|
|---|---|---|
|||**expenditure**|
|||**2025**|
|||**£**|
||**Direct costs**||
||Staff costs|94,649|
||Rent|21,308|
||Event costs|10,463|
||Insurance|3,220|
||IT Software & Consumables|5,962|
||Light & Heat|2,745|
||Printing & Stationery|783|
||Advertising & Marketing|4,238|
||Office Expenses|2,001|
||Bank & Local giving charges|569|
||Consultancy|6,352|
||Memberships|250|
||Recruitment & HR|14,976|
||Refreshments|104|
||Accountancy fee|4,686|
||Group resources and travels|131|
|||172,437|
||**Share of support and governance costs (see note )**||
||Support|1,800|
|||174,237|
||**Analysis by fund**||
||Unrestricted funds|174,237|
|**8**|**Net movement in funds**|**2025**|
|||**£**|
||The net movement in funds is stated after charging/(crediting):||
||Fees payable for the independent examination of the charity's financial statements|1,800|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
- 12 -
## **UNMASKED MENTAL HEALTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
## **10 Employees**
The average monthly number of employees during the year was:
||**2025**|
|---|---|
||**Number**|
||7|
|**Employment costs**|**2025**|
||**£**|
|Wages and salaries|87,136|
|Social security costs|6,000|
|Other pension costs|1,513|
||94,649|
There were no employees whose annual remuneration was more than £60,000.
## **Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **12 Debtors**
|**Debtors**||
|---|---|
|**Amounts falling due within one year:**
Trade debtors
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income|**2025**
**£**
1,751|
||**2025**
**£**
2,757
3,308
71,699
5,315|
||83,079|
## **13 Creditors: amounts falling due within one year**
- 13 -
## **UNMASKED MENTAL HEALTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 28 FEBRUARY 2025**_
## **14 Retirement benefit schemes**
|**Retirement benefit schemes**||
|---|---|
||**2025**|
|**Defined contribution schemes**|**£**|
|Charge to profit or loss in respect of defined contribution schemes|1,513|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **15 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1**|**Incoming**|**Resources**||**At 28**|
|---|---|---|---|---|---|
||**December**|**resources**|**expended**|**February 2025**||
||**2023**|||||
||**£**|**£**|**£**||**£**|
|General funds|-|95,438|(174,237)||(78,799)|
## **16 Related party transactions**
During the year ended 28/2/25 the following services were supplied by Optimal HR Services Ltd
## **Recruitment and HR Services**
Optimal HR Services Ltd £9,787.80 Optimal Management Consultants Ltd £4,755.84
The above entities are controlled by director M Stead
As at 28/2/25 the following balances were outstanding:
## **Creditor Balances**
Unmasked Mental Health CIC £68,977.70 This entity is controlled by the directors of Unmasked Mental Health Charity Optimal Management Consultants Ltd £403.20
The above entity is controlled by director M Stead
- 14 -
## **Document Activity Report**
**Document Sent** Tue, 15 Apr 2025 14:09:03 GMT **Document E-Sign Status** E-Signed **E-Sign Activity Summary** Melanie Stead E-Signed
## **Document Activity History**
Document history shows most recent activity first
**Date Activity** Tue, 15 Apr 2025 14:44:58 GMT Melanie Stead Approved the document
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