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2022-03-31-accounts

Charity Registration No. 265087

Company Registration No. 01082980 (England and Wales)

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

A Tait (Chair) A Grosbois (Vice Chair) M Huber (Treasurer) D Biswas (Appointed 14 December 2021) C Clarke S Gilfoyle A Granta (Appointed 22 June 2021) A Page (Appointed 14 December 2021) D Richards

Chief Executive Aly Anderson Charity number 265087 Company number 01082980 Registered office Barrere House 100 Chesterton Road Cambridge Cambridgeshire United Kingdom CB4 1ER Auditor Azets Audit Services Ruthlyn House 90 Lincoln Road Peterborough United Kingdom PE1 2SP Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent United Kingdom ME19 4JQ

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

CONTENTS

Page
Trustees' report 1 - 10
Statement of trustees' responsibilities 11
Independent auditor's report 12 - 15
Statement of financial activities 16 - 17
Balance sheet 18 - 19
Statement of cash flows 20
Notes to the financial statements 21 - 37

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Charity Name

Cambridgeshire, Peterborough and South Lincolnshire (CPSL) Mind Ltd is known as CPSL Mind.

Trustees/Directors

The Trustees are pleased to present the Trustees’ Report together with the financial statements of the charity for the year ended 31 March 2022, which are also prepared to meet the requirements for a Directors’ Report and accounts for Companies Act purposes. Members of the Board of Trustees are ‘Directors’ for the purposes of company law and ‘Trustees’ for the purpose of charity law. They will be referred to as Trustees throughout this document and for the purposes of the financial statements.

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 Companies Act 2006 and "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) (effective 1 January 2019)".

Our beneficiaries

CPSL Mind continues to work predominately with adults (18-plus) who are experiencing mental health challenges and living in the areas of Cambridgeshire and Peterborough; while now expanding our reach in South Lincolnshire. We also promote positive mental health for all, via projects, campaigns, training and awarenessraising.

Overview 2021/22

Despite the ongoing impacts of the Covid-19 pandemic, 2021-2022 has been a year of continued growth both in terms of income received and the breadth of services that CPSL Mind now delivers across the communities of Cambridgeshire, Peterborough and South Lincolnshire.

While emerging from Covid-19 restrictions has been challenging at times – with safety always our number one priority – our staff and volunteer teams have once again demonstrated their flexibility, resilience and commitment to continuity of our services; for which we are deeply grateful.

While there is no doubting the importance of restoring face to face connections across our communities – the pandemic has also resulted in what are likely to be long term changes in the expectations of those whom we support; resulting in much more flexible delivery styles that can increase reach and accessibility.

In particular, during this year we:

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

This has also been a year in which we have developed our new organisational strategy – ‘Connecting across our communities: for better mental health’ - following considerable consultation both internally and externally. This new strategy builds on the work we began with the launch of our previous strategy – ‘Building on our strengths: for better mental health’ – three years ago and against which we have delivered significant growth and development, the highlights of which are detailed below.

Our new strategy was launched at our AGM on 29th March 2022 and focuses in particular on three core strategic development areas ‘Inclusion, Innovation and Influence.’ In response to the Climate Emergency, it also recognises our responsibilities in relation to protecting the natural environment together with the vital part that nature can play in supporting positive mental health.

Our Reach

During 2021/22 we supported more than 4,300 people and provided approximately:

We have also:

Our Impact

Below is just some of the feedback we have received from individuals we have worked with this year:

“I feel fresh and very positive after attending. I feel full of energy and the rest of the day goes smoothly.” Attendee of Chai and Chat

“I can’t praise these sessions enough. They helped me through a very difficult time. An amazing service.” Client, Changing Lives Talking Therapy

“I don’t know where I would be now without you. I was in a very dark place, suicidal and self-harming, and you have all been brilliant, you haven’t judged, you listened and now I have so many things to look forward to.” Peer Support Group Member, Community Personality Disorder Service

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

“It was like a relief because there was someone else there, someone that understood, somebody who was there to listen and just be able to talk to somebody and knowing they understand. It was lifesaving.” Individual accessing Discharge Buddy Service

“I accessed the Good Life Peer Mentors to help support me with IT skills, something I have never felt able to do. My Peer Mentor was so patient with me and helped me to explore how to use a computer. I use my laptop every day now.” Individual accessing Good Life Peer Mentor one-to-one support

“I have found all the sessions to be very beneficial to my wellbeing and now spend a part of each day doing some exercises on my own. This helps me, especially at bedtime, as it relaxes and empties my mind!” Participant, Good Life Rural Peterborough Calm Space

“This year has been tricky to meet new people and make friends…I was made to feel at home with chatter and funny stories being shared. I met some really lovely people and I can honestly say that, after an hour of non-stop laughter and coffee, I felt so much better.” University Good Mood Cafe participant

“I now feel like a different person. I have made great progress.” HMP Peterborough resident accessing oneto-one wellbeing support

“Mums Matter has given me more confidence and has enabled me to appreciate myself more, it has made me a stronger person. Since completing Mums Matter, I have completed a course around understanding mental health in children and young people and I would also like to go on to volunteer.” Participant, Mums Matter Course, Perinatal Service

“This is an inspirational and uplifting place to meet new people and chat. There’s no pressure, it’s just nice to get out….” South Lincolnshire Good Mood Cafe and Night Light Café Participant

“In all my years of struggling with mental health problems, I have never felt so understood and validated for my difficult experiences.” Visitor accessing Sanctuary crisis support

“One delegate shared a very powerful experience where they had supported a friend who had been experiencing a very severe bout of depression, anxiety and PTSD related symptoms. . .They felt able to gain trust from the person concerned and able to signpost the right support. . .now the person is getting the right support and medication.” Community Training Partner

“I have become a Mental Health First Aider at work, I wouldn’t have done it if it wasn’t for STOP Suicide…I try my best to spread awareness whenever I see an opportunity.” STOP Suicide Campaign Maker

More information and examples of the impact we have had across our communities over the past year will be shared in our Annual Impact Report 2021-22, available later this year. As ever, the Board of Trustees would like to extend its sincerest thanks to everyone involved; in particular our staff, volunteers and Campaign Makers; our co-producers and delivery partners; our funders and fundraisers.

Values-based practice

CPSL Mind is a values-based organisation and our six values, illustrated below, are at the heart of everything we do:

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

We work hard to ensure our behaviours and decision-making across the organisation reflect these values:

Co-production and engagement

Despite the changes in our delivery methods during the Covid-19 pandemic, co-production has continued to be at the heart of all our activities across CPSL Mind. Alongside the invaluable input from our Co-production Team, many individuals accessing our services have been actively involved in new project design as well as development of existing services; as have a wide range of partner organisations with whom we have collaborated.

Feedback from a Co-production volunteer:

“I have thoroughly enjoyed volunteering with CPSL Mind’s Co-production team as it is a safe and supportive environment where I can freely express my ideas and opinions and feel listened to as a valued member of the team. This is especially prominent as a young person wanting to go down this career path. It has taught me so much about the importance of collaboration and given me a valuable experience within this field.”

We have also increased our skills in using the Mind Service Design Toolkit. This ‘tried and tested’ service design methodology ensures that services are truly focused on the needs of those they set out to support. In particular, this Service Design approach has given us vital insights relating to the particular needs of Muslim mums experiencing mental health challenges during the perinatal period – supporting the co-production of the new Starting Well service for our local Muslim communities. The Insights Report produced as part of that process has since been shared both locally and nationally.

Volunteer impact

This year saw more than 4,700 volunteer hours and more than 3,900 hours of direct service delivery from our volunteers.

This includes more than 2,700 hours from our extraordinary team of volunteer counsellors who worked with us to deliver our Improving access to Psychological Therapies (IAPT) service Changing Lives, supporting hundreds of local people across Cambridgeshire.

Sadly, despite the excellent outcomes consistently achieved by this service over many years, changes in NHS rules have meant that funding for the IAPT aspect of our work has now come to an end. However, as part of our ‘inclusivity’ commitment, we hope to continue working with a number of our volunteer counsellors on a new NHSfunded ‘service design’ pilot project aimed at increasing the number of older people who access an IAPT service locally.

Alongside our volunteer counsellors, many other local people have volunteered their time and skills in a wide variety of ways: as trustees or in campaigning, fundraising, co-production, administrative or facilities roles.

As ever, a huge ‘thank you’ goes to everyone who has given up their time to support our work during this exceptionally challenging year. We could not do what we do without you.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Quality and service development

As our services continue to adapt and develop post-Covid 19 restrictions, safety and effectiveness is our top priority. We seek to continuously improve the quality of all our services and are proud of our learning culture.

This year we have made particular progress in reviewing our services, governance and processes against the national Mind Quality Mark (MQM) guidance. This is further supported by our approach to co-production and our proactive response to both formal evaluation and informal feedback which supports our continuous quality improvement ambitions.

Delivering against our Strategy

The table below summarises the progress made as against the six goals set out in our 2019-21 organisational strategy:

Strategic Goal
2019-21		 Activity
Increasing
choice and
accessibility		 �
�
�
�
�
�
�
�
�
Launched our community-based Good Life Service, which includes open access
elements; the online ‘Qwell’ service (delivered by digital partner Xenzone) and the
co-produced ‘Waves’ Personality Disorder Service (in partnership with Suffolk Mind).
Subsequently expanded the reach of Good Life Service into rural Peterborough,
thanks to NHS Community Mental Health Transformation funding.
Additional funding enabled us to co-produce a Good Life Service element
specifically designed for university students.
Partnered with Cambridgeshire and Peterborough Foundation Trust (CPFT) to
provide peer support element of Community Personality Disorder Service as part of
the Community Mental Health Transformation activity in Peterborough.
Collaborated with others across the sector to provide additional helpline support
during Covid-19 lockdowns and adapted delivery methods of all services in
response to Covid-19 response
Development of Discharge Buddy Service, to support individuals after either an
inpatient stay or following discharge from the Cambridgeshire and Peterborough
Foundation Trust (CPFT) Crisis Team.
Co-production and delivery of the ‘Starting Well’ community perinatal project focused
on needs of our Muslim communities, in partnership with The Lantern Initiative.
Co-produced ‘Chai and Chat’ wellbeing activity for local Muslim women in
partnership with The Lantern Initiative.
Investment in South Lincolnshire – firstly in research project and subsequently a
development manager role; securing funding to launch ‘Good Mood Cafes’ in Long
Sutton and Sutton Bridge.
Empowerment
through
strengths-based
approaches		 �
�
�
�
�
�
Development of the Good Life Service which takes a strengths-based approach and
focuses on connecting people to their strengths, talents and wider community.
Launched our Good Life Fund which provides funding and support to local people
seeking to develop their own community-based wellbeing activities.
Embedded co-production and peer support across all our services; including the
launch of peer mentor volunteering training and opportunities.
Played a key role in the development of a county-wide Asset-Based Community
Development (ABCD) network across Cambridgeshire and Peterborough.
Co-produced a powerful online suicide prevention campaign, focused specifically on
men and created alongside eight individuals who used their lived experience to
shape the campaign messages.
Worked with local men to co-produce ‘Dads Matter’ service to support new fathers to
manage their own wellbeing and to support their partners.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Looking forward

As described above, our new strategy has been developed over the past year and aims to take the previous strategic direction to the ‘next level’. Launched at our AGM in March 2022, our Vision and Mission remain largely as before and our organisational values are unchanged:

Our Vision is a society in which everyone has positive mental health and feels part of a connected community.

Our Mission is to:

Support those with poor mental health to live well, whatever that means for them.

Enable people to maintain positive mental health, especially those who are going through tough times.

Inspire connections and eliminate stigma within our diverse communities for the benefit of everyone’s mental health.

Our Values : Compassion, Inclusivity, Empowerment, Integrity, Respect and Courage.

The four Goals we have set for 2022-2025 are:

Goal 1: Increase the reach and accessibility of community-based mental health support across the diverse populations of Cambridgeshire, Peterborough and South Lincolnshire.

Goal 2: Use strength-based, holistic and trauma-informed approaches to support people with mental health problems to connect to others, enhance their wellbeing and facilitate peer to peer support.

Goal 3: Challenge the attitudes and behaviours that prevent open conversations around our mental health.

Goal 4: Support local employers to create mentally healthy workplaces.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Alongside these goals we have set ourselves three strategic development priorities of ‘Inclusivity, Innovation and Influence’, all of which are underpinned by our commitment to Caring for the Environment:

Inclusivity

Innovation

Influence

Structure, governance and management

Trustees

CPSL Mind's strategic direction is led by its Board of Trustees. The full Board meets at least quarterly, supplemented by designated Working Groups.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

A Tait (Chair)
A Grosbois (Vice Chair)
M Huber (Treasurer)
L Adcock (Resigned 12 August 2022)
D Biswas (Appointed 14 December 2021)
C Clarke
S Gilfoyle
A Granta (Appointed 22 June 2021)
E Orekogbe (Appointed 14 December 2021 and resigned 2 December
2022)
A Page (Appointed 14 December 2021)
D Richards
R Young (Resigned 14 November 2022)

Appointment of Trustees

Trustees are sourced from current CPSL Mind members, on the basis of recommendation or from public recruitment campaigns. New Trustees are required to complete and application form, undertake a Disclosure and Barring Service check and are then interviewed by members of the Board of Trustees.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Trustee Induction and Training

Trustee induction and training includes one to one sessions with the Chair and Senior Leadership Team and visiting CPSL Mind's services, together with external training such as Governance and Management Training and Away Days.

CPSL Mind Members

Our members are individuals or corporations who have paid the minimum subscription fee, as stipulated by CPSL Mind, for a year. Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up.

Remuneration Policy

The Trustees consider the board of directors, who are the charity's Trustees, and the senior management team comprising the key management personnel of the charity, to be in charge of directing and controlling, running and operating the charity on a day-to-day basis. All Trustees give of their time freely and no Trustee received remuneration in the year. The pay of the senior management team is set by the Trustees, benchmarking against pay levels in other charities of a similar size and type.

Management

A Chief Executive Officer is appointed by the Trustees to manage the day-to-day operations of the charity. The Executive Board expect the Chief Executive Officer to undertake both strategic and operational decisions based on their formal ratification of the Business Plan and Annual Budget. The board expects the Chief Executive Officer to ensure that all decision making is within the remit of CPSL Mind Policy and Procedures.

Public Benefit

CPSL Mind has paid due regard to the published guidance from the Charity Commission on the operation of the Public Benefit requirement under the Charities Act 2011.

Risk Management

Our Board of Trustees consistently reviews the major risks to which the charity is exposed, in line with the organisation’s risk appetite and risk management strategy, which comprises:

This review takes into account the continuing changes to the organisation and to the range of services as the charity’s work grows and develops.

Financial review

The Trustees continue to meet regularly and receive reports in order to review the charity's financial position.

The charity recorded a surplus for the year of £119,230 compared to a surplus in the previous year of £184,629. Total income from the year increased from £2,568,583 in the previous year to £2,808,852 in the current year. Reserves at the end of the year increased from £1,175,118 to £1,294,348, of which £160,648 were held in restricted funds (2021: £217,302).

CPSL Mind is not liable for Corporation Tax and the surplus has been transferred to reserves for the year.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

CPSL Mind's reserve strategy is formalised within the Finance Policy and revisited annually by the Trustees at the point of ratification of the annual budget. This forms part of the annual organisation risk review.

Disaster Fund - as at 31 March 2022 the Disaster Fund had a balance of £225,000. This represents approximately 1 months operating costs in the event that funding for services is lost.

Building Reserve - a fund set aside for significant repairs. As at 31 March 2022 the balance on the Building Reserve stood at £20,000.

At 31 March 2022 the charity had free reserves of £377,793.

Funding Sources

CPSL Mind has been fortunate to gain funding from the following sources:

Cambridgeshire County Council Peterborough City Council Cambridgeshire and Peterborough Clinical Commissioning Group National Mind A range of community partners

We thank all our funders for their continued support of our work.

Investment policy and performance

Funds are held by CPSL Mind in accordance with the Finance Policy and the Business Plan. Bank Interest received was £242.

Auditor

Azets Audit Services were appointed as auditor to the company and a resolution proposing that they be reappointed will be put at a General Meeting.

The trustees' report was approved by the Board of Trustees.

A Tait (Chair)

Trustee Dated: 15 December 2022

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are also the directors of Cambridgeshire, Peterborough and South Lincolnshire (CPSL) Mind Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

Opinion

We have audited the financial statements of Cambridgeshire, Peterborough and South Lincolnshire (CPSL) Mind Ltd (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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

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

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

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Mark Jackson FCA DChA (Senior Statutory Auditor) for and on behalf of Azets Audit Services 16 December 2022

Chartered Accountants Statutory Auditor

Ruthlyn House 90 Lincoln Road Peterborough United Kingdom PE1 2SP

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

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

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
3
172,819
-
Charitable activities
4
1,512,593
1,123,198
Investments
5
242
-
Total income
1,685,654
1,123,198
Expenditure on:
Raising funds
6
7,100
-
Charitable activities
7
1,468,072
1,222,572
Total resources
expended
1,475,172
1,222,572
Net gains/(losses) on
investments
11
(1,825)
-
Net incoming/
(outgoing) resources
before transfers
208,657
(99,374)		 Total
Unrestricted
funds
2022
2021
£
£
172,819
147,338
2,635,791
1,526,901
242
1,738
2,808,852
1,675,977
7,100
23,700
2,690,644
1,584,172
2,697,744
1,607,872
(1,825)
1,086
109,283
69,191		 Restricted
funds
2021
£
-
892,606
-
892,606
-
775,960
775,960
-
116,646		 Total
2021
£
147,338
2,419,507
1,738
2,568,583
23,700
2,360,132
2,383,832
1,086
185,837

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Net incoming/
(outgoing) resources
before transfers
208,657
(99,374)
Gross transfers between
funds
(42,720)
42,720
Net incoming/(outgoing)
resources
165,937
(56,654)
Other recognised gains and losses
Actuarial gain/(loss) on
defined benefit pension
schemes
9,947
-
Net movement in funds
175,884
(56,654)
Fund balances at 1 April
2021
957,816
217,302
Fund balances at 31
March 2022
1,133,700
160,648		 Total
Unrestricted
funds
2022
2021
£
£
109,283
69,191
-
13,741
109,283
82,932
9,947
(1,208)
119,230
81,724
1,175,118
876,092
1,294,348
957,816		 Restricted
funds
2021
£
116,646
(13,741)
102,905
-
102,905
114,397
217,302		 Total
2021
£
185,837
-
185,837
(1,208)
184,629
990,489
1,175,118

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

BALANCE SHEET

AS AT 31 MARCH 2022

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Provisions for liabilities
Net assets
Income funds
Restricted funds
18
Unrestricted funds
Designated funds
19
General unrestricted funds		 2022
£
£
303,681
2,017
305,698
94,225
1,167,317
1,261,542
(267,996)
993,546
1,299,244
(4,896)
1,294,348
160,648
755,907
377,793
1,133,700
1,294,348		 2021
£
£
278,023
3,822
281,845
67,879
1,008,870
1,076,749
(163,604)
913,145
1,194,990
(19,872)
1,175,118
217,302
605,204
352,612
957,816
1,175,118

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 15 December 2022

A Tait (Chair) Trustee

Company Registration No. 01082980

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash generated from operations
23
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2022
£
£
204,646
(46,421)
(20)
242
(46,199)
-
158,447
1,008,870
1,167,317		 2021
£
£
286,991
(13,670)
(21)
1,738
(11,953)
-
275,038
733,832
1,008,870

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Cambridgeshire, Peterborough and South Lincolnshire (CPSL) Mind Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Barrere House, 100 Chesterton Road, Cambridge, Cambridgeshire, CB4 1ER, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006 and "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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

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

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The cost of raising and administering such funds are charged against the specific fund. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

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

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributable to particular activities they have been allocated on a basis consistent with the use of the resources. Expenditure includes any VAT which cannot be fully recovered.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

All assets costing more than £250 are capitalised by the charity.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% per annum straight line Leasehold property Over the life of the lease Leasehold improvements Over the life of the lease Furniture and equipment 25% per annum straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Investments are stated at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 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.

1.10 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.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

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.

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.

1.11 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.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The company contributes to a defined benefit pension scheme for the benefit of 2 senior employees. The scheme is a multi-employer scheme where it is not possible, in the normal course of events, on a consistent and reasonable basis, to identify the share of underlying assets and liabilities belonging to individual participating employers. Therefore, as required by FRS102 'Retirement benefits' the company accounts for this scheme as if it was a defined contribution scheme. The amount charged to the statement of financial activities represents contributions payable to the scheme in respect of the accounting period.

1.13 Volunteers

The value of services provided by the volunteers is not incorporated in these financial statements. Further details of contributions from volunteers can be found in the Trustees' Report.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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 Donations and legacies

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Donations and gifts 170,939 145,357
Subscriptions 1,880 1,981
172,819 147,338
Charitable activities
2022 2021
£ £
Mental Health Services 2,635,791 2,419,507
Analysis by fund
Unrestricted funds 1,512,593 1,526,901
Restricted funds 1,123,198 892,606
2,635,791 2,419,507

4 Charitable activities

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5 Investments

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Interest receivable 242 1,738
Raising funds
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Fundraising and publicity
Other fundraising costs 7,100 23,700
7,100 23,700

6 Raising funds

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

7 Charitable activities

Staff costs
Depreciation and impairment		 Mental
Health
Services
2022
£
2,076,771
20,763
47,025
17,762
76,927
21,907
36,421
31,045
343,085
2,671,706
18,938
2,690,644
1,468,072
1,222,572
2,690,644
2022Support costs Governance
costs
£
£
£
3,704
585
-
6,000
6,000
-
2,257
3,248
-
1,296
800
-
5,681
-
-
18,938
10,633
-
18,938
10,633
-		 Mental
Health
Services		 Mental
Health
Services
2021
£
1,789,881
18,801
23,636
8,083
69,070
23,669
26,634
25,633
364,092
Staff costs (excluding wages and salaries)
Training delivery costs
Telephone and website
Printing postage and stationery
IT costs
Travel
Office, accommodation and other costs
Share of support costs (see note 8)
Analysis by fund
Unrestricted funds
Restricted funds
Support costs
Support
costs
Governance
costs
£
£
Accountancy and
financial advice
3,704
-
Auditors' remuneration
6,000
-
Professional fees
2,257
-
AGM & Annual report
cost
1,296
-
Trustees' meetings and
other expenditure
5,681
-
18,938
-
Analysed between
Charitable activities
18,938
-
2,349,499
10,633
2,360,132
1,584,172
775,960
2,360,132
2021
£
585
6,000
3,248
800
-
10,633
10,633

8 Support costs

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, but 2 of them were reimbursed a total of £128 travelling expenses (2021: none).

10 Employees

The average monthly number of employees during the year was:

Project workers and administrative staff
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
98
2022
£
1,882,220
148,370
46,181
2,076,771		 2021
Number
81
2021
£
1,612,906
126,780
50,195
1,789,881

Key management personnel benefits totalled £261,816 in the year (2021: £233,560).

There were no employees whose annual remuneration was £60,000 or more.

11 Net gains/(losses) on investments

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Revaluation of investments (1,825) 1,086

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

12 Tangible fixed assets
Freehold land Leasehold Leasehold Furniture and Total
and buildings property improvements equipment
£ £ £ £ £
Cost
At 1 April 2021 460,203 150,000 - 128,425 738,628
Additions - - 39,437 6,984 46,421
Disposals - (150,000) - (38,478) (188,478)
At 31 March 2022 460,203 - 39,437 96,931 596,571
Depreciation and impairment
At 1 April 2021 199,133 150,000 - 111,472 460,605
Depreciation charged in the year 9,205 - 3,944 7,614 20,763
Eliminated in respect of disposals - (150,000) - (38,478) (188,478)
At 31 March 2022 208,338 - 3,944 80,608 292,890
Carrying amount
At 31 March 2022 251,865 - 35,493 16,323 303,681
At 31 March 2021 261,070 - - 16,953 278,023

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

13 Fixed asset investments

Cost or valuation
At 1 April 2021
Additions
Valuation changes
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
16
Trade creditors
Other creditors
Accruals and deferred income
Deferred income
Other deferred income		 Listed
investments
£
3,822
20
(1,825)
2,017
2,017
3,822
2022
2021
£
£
60,177
38,689
12,630
4,905
21,418
24,285
94,225
67,879
2022
2021
£
£
39,514
33,832
146,823
15,286
31,257
46,311
7,886
11,541
42,516
56,634
267,996
163,604
2022
2021
£
£
146,823
15,286

14 Debtors

15 Creditors: amounts falling due within one year

16 Deferred income

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

17 Retirement benefit schemes

TPT Retirement Solutions - The Growth Plan

The company participates in the scheme, a multi-employer scheme which provides benefits to some 638 nonassociated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

From 1 April 2022 to 31 January 2025:

£3,312,000 per annum (payable monthly)

Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies.

Note that the scheme’s previous valuation was carried out with an effective date of 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of £131.5m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows:

Deficit contributions

From 1 April 2019 to 30 September 2025: £11,243,000 per annum (payable monthly and increasing by 3% each on 1st April)

The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.

Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.

PRESENT VALUES OF PROVISION

PRESENT VALUES OF PROVISION
2022 2021 2020
£ £ £
Present values of provision 4,896 19,872 23,546

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

17
Retirement benefit schemes
RECONCILIATION OF OPENING AND CLOSING PROVISIONS
Provision at the start of the period
Unwinding of the discount factor (interest expense)
Deficit contribution paid
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Provision at end of period
INCOME AND EXPENDITURE IMPACT
Interest expense
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
ASSUMPTIONS
2022
Rate of discount (% per annum)
2.35%		 (Continued)
2022
2021
£
£
19,872
23,546
115
528
(5,029)
(4,882)
(112)
680
(9,950)
-
4,896
19,872
2022
2021
£
£
115
528
(112)
680
(9,950)
-
2021
2020
0.66%
2.53%

The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.

In the event that CPSL Mind withdraws from the multi-employer defined benefit pension scheme, they must by law pay their share of the deficit, calculated on a statutory basis known as the buy-out valuation basis. This was last estimated on 30 September 2020 where the cost of withdrawal was £88,232.

Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 April 2020
resources
expended
1 April 2021
resources
expended
31 March 2022		 £
£
£
£
£
£
£
£
£		 The Sanctuary
-
449,247
(396,177)
-
53,070
500,934
(484,004)
-
70,000		 GP Training
981
-
-
(981)
-
-
-
-
-		 Prison Training
-
28,424
(28,886)
462
-
30,225
(30,112)
-
113		 Suicide Prevention Trailblazer
95,802
-
(45,929)
(13,500)
36,373
-
(36,373)
-
-		 Building Mentally Healthy Universities
17,614
55,935
(73,827)
278
-
26,644
(30,650)
4,006
-		 Discharge Buddies
-
115,000
(27,823)
-
87,177
38,821
(124,800)
-
1,198		 Papworth Trust
-
10,000
(3,615)
-
6,385
6,463
(13,648)
800
-		 Community Personality Disorder Service
-
59,902
(57,204)
-
2,698
100,000
(81,356)
-
21,342		 University Good Life Service
-
31,017
(22,117)
-
8,900
8,676
(15,490)
-
2,086		 Cambourne Good Life Project
-
14,778
(9,358)
-
5,420
12,500
(17,920)
-
-		 Perinatal and Empowering Women
-
96,988
(79,471)
-
17,517
107,290
(111,372)
12,500
25,935		 Night Light Café (South Lincs Development)
-
-
-
-
-
7,746
(32,860)
25,114
-		 South Holland Good Life Project
-
-
-
-
-
22,494
(12,430)
-
10,064		 Racial Equity
-
-
-
-
-
39,584
(19,188)
-
20,396		 Rural Peterborough
-
-
-
-
-
80,336
(70,822)
-
9,514		 Starting Well
-
31,315
(31,553)
-
(238)
141,485
(141,547)
300
-		 114,397
892,606
(775,960)
(13,741)
217,302
1,123,198
(1,222,572)
42,720
160,648		 The Sanctuary- The Sanctuary provides a safe place for individuals experiencing an emotional or mental health crisis out of office hours. It is open seven days a week from 6pm to 1am and works as part of the county-wide First Response Service. The Sanctuary is funded by Cambridgeshire and Peterborough Clinical Commissioning Group (CCG) and has also developed a phone-based Sanctuary Daytime service.
18
Restricted funds
(Continued)		 Prison Training- An annual grant for the fiscal year is agreed with and paid by Sodexo Ltd for the Prison Wellbeing Service, which provides support for both male and female residents of HMP Peterborough. Delivered via one-to-one sessions and workshops for each resident group, the grant is sufficient to cover the deliverer’s salary costs and the small amount of materials required. Suicide Prevention Trailblazer- As part of a broader Mental Health Transformation programme, this project completed in early 2021. Suicide Prevention Trailblazer- As part of a broader Mental Health Transformation programme, this project completed in early 2021. Building Mentally Healthy Universities- Funded by National Mind from an ultimate income source of Goldman Sachs. This project ran through 2020/21 and, meeting the majority of its objectives and completed in 2021. Discharge Buddies- A pilot project in 2020/21 funded by the Cambridgeshire and Peterborough CCG to provide short term support to individuals being discharged from Cambridgeshire and Peterborough Foundation Trust mental health inpatient wards and crisis teams. This project has now been until March 2024. Papworth Trust- CPSL Mind worked with the Papworth Trust (PT) in a time limited £10k project to support PT’s Work & Health programme participants with self- Papworth Trust- CPSL Mind worked with the Papworth Trust (PT) in a time limited £10k project to support PT’s Work & Health programme participants with self- declared mental health issues. Additional funding was secured to extend the project, which completed in 2021. Community Personality Disorder Service- Providing peer support as part of the new Personality Disorder pathway in Peterborough. This service is delivered in partnership with the Cambridgeshire and Peterborough Foundation Trust as part of the Community Mental Health Transformation work in Peterborough. Longer term funding has now been secured to enable a future expansion of the project. University Good Life Service- Delivering services to Students at Anglia Ruskin University (ARU) via Good Mood Cafes, enabling students to connect with their peers, supported by Information Sessions, providing practical tools and skills to improve mental health and wellbeing. Additional funding from ARU and the Evelyn Trust has allowed this project to continue to August 2022. allowed this project to continue to August 2022. Cambourne Good Life project- Funded locally, via the NHS and delivering a weekly Good Mood Café, Open Door calm space and monthly information session. This Cambourne Good Life project- Funded locally, via the NHS and delivering a weekly Good Mood Café, Open Door calm space and monthly information session. This project completed in March 2022. Perinatal and Empowering Women- This is an expanding area for CPSL Mind. The core project has transferred funder from Peterborough City Council to Barnardo’s. Alongside this service, the CCG funded Peer Support project continued for a second year up until March 2022 and will extend beyond that date. Trust fund grants and specific donations continued to benefit the service with continued support from the Evelyn Trust, the Pye Foundation and others. Starting Well- A £350k multi-annual Starting Well project aimed at supporting mums in Muslim communities was launched in early 2021 and produced a well-received impact report after its initial period of operation. Funding is received directly from the Department for Health & Social Care.
18
Designated funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 April 2020
resources
expended
1 April 2021
resources
expended
31 March 2022		 £
£
£
£
£
£
£
£
£		 Fixed Asset Fund
270,275
-
(9,205)
-
261,070
-
(20,763)
63,374
303,681		 Building Reserve
20,000
-
-
-
20,000
-
-
-
20,000		 Disaster Fund
169,000
-
-
-
169,000
-
-
56,000
225,000		 Charitable Services Fund
54,682
1,502,096
(1,461,106)
59,462
155,134
1,510,821
(1,444,362)
(14,367)
207,226		 513,957
1,502,096
(1,470,311)
59,462
605,204
1,510,821
(1,465,125)
105,007
755,907		 Fixed Asset Fund- The Fixed Asset Fund represents the net book value of fixed assets held by the charity. Building Reserve- The Trustees have set aside £20,000 to cover the costs of any unexpected maintenance costs for property. Disaster Fund- The Trustees have set aside £225,000 to cover approximately 1 months operating costs in the event that funding for the services is lost, and the charity has to be wound up. These costs exclude the costs of staff redundancy, which has been considered separately. Charitable Services Fund- The charity receives funding for the provision of services to people with mental health problems in and around Cambridgeshire. The charity records the direct costs incurred in providing these services and charges administrative and overhead expenses to the funds. The projects covered are as follows: �
The Good Life - This major project amalgamated the legacy Wellbeing and Support to Recovery programmes into one overarching activity which commenced on		 1/9/2019 for a three-year initial contract amounting to £3.118m over that period. This is jointly funded by Cambridgeshire County Council and the Cambridgeshire & Peterborough NHS Clinical Commissioning Group. �
Changing Lives - Improving access to psychological therapies and counselling.		 �
STOP Suicide – Suicide prevention campaign.		 �
Training - Mental health related training and workshops.
19

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

20
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 31
March 2022 are
represented by:
Tangible assets
303,681
-
Investments
2,017
-
Current assets/(liabilities)
832,898
160,648
Provisions and
pensions
(4,896)
-
1,133,700
160,648		 Total
Unrestricted
funds
2022
2021
£
£
303,681
278,023
2,017
3,822
993,546
695,843
(4,896)
(19,872)
1,294,348
957,816		 Restricted
funds
2021
£
-
-
217,302
-
217,302		 Total
2021
£
278,023
3,822
913,145
(19,872)
1,175,118

21 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2022
£
29,986
92,215
122,201		 2021
£
18,201
8,472
26,673

22 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

23
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Difference between pension charge and cash contributions
Movements in working capital:
(Increase)/decrease in debtors
(Decrease) in creditors
Increase in deferred income
Cash generated from operations
24
Analysis of changes in net funds
The charity had no debt during the year.		 2022
£
109,283
(242)
1,825
20,763
(5,029)
(26,346)
(27,145)
131,537
204,646		 2021
£
185,837
(1,738)
(1,086)
18,801
(4,882)
105,091
(30,318)
15,286
286,991