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2023-03-31-accounts

Charity registration number 265087

Company registration number 01082980 (England and Wales)

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

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 C Clarke S Gilfoyle A Granta A Page D Richards D Allum K Smith M Hammond A Paylor S Jessup

(Appointed 4 April 2023) (Appointed 4 April 2023) (Appointed 11 August 2023) (Appointed 5 September 2023) (Appointed 26 September 2023)

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 Cambridgeshire 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 - 11
Statement of trustees' responsibilities 12
Independent auditor's report 13 - 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 2023

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 2023, 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)".

Vision, mission and goals

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

Our mission is to:

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

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, Peterborough and South Lincolnshire. We also promote positive mental health for all, via projects, campaigns, training and awareness-raising.

Our services

CPSL Mind delivers services that range from early intervention/prevention through to crisis support. Services delivered during 2022/23 were:

·

* Unfortunately, a change to the rules related to delivery models of NHS-funded Talking Therapies for Anxiety and Depression (formerly known as Improving Access to Psychological Therapies – IAPT) meant that we had to bring this service to a close this year.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

During this year we also agreed funding for:

Achievements and performance 2022/23

During 2022/23 we supported more than 4,800 people by providing approximately:

16,500 hours of one-to-one support to more than 3,100 people.

3,400 hours of group activities for 1,300 people.

2,150 hours of online support to 680 people via the digital service provided by Qwell.

180 hours of ad hoc listening support via our general enquiries telephone line.

530 hours of training and workshops attended by 2,800 participants, including more than 1,150 people trained in suicide prevention skills, spanning 25 diverse local organisations.

We have also:

Overview

This has been a year of continued growth, both in terms of income and services. As a result, we have increased the diversity of our service offer and our reach across the communities of Cambridgeshire, Peterborough and South Lincolnshire.

This growth has been closely aligned to our strategic goals, underpinned by collaboration and co-production and delivered by our multi-skilled team of staff and volunteers.

Key developments, to date, against these goals are listed below:

Strategicgoals 2022-25 Activity
1.Increase the reach and
accessibility of
community-based mental
health support across the
diverse populations of
Cambridgeshire,
Peterborough and South
Lincolnshire.		 Development and mobilisation of the Cambridgeshire Community Connector
Service
We worked alongside partners at the Greater Peterborough Network (GPN),
Primary Care Networks, Cambridgeshire and Peterborough Foundation Trust
(CPFT) and Integrated Care Board (ICB) to create the new Community
Connector Service. This service is designed to meet the needs of individuals
whose mental health needs could not met by the Talking Therapies for Anxiety
and Depression services (formerly IAPT), but who would also not reach the
threshold for secondary care. Partners worked collaboratively to develop a
working model of delivery – ready to begin taking referrals in March 2023.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Strategicgoals 2022-25 Activity
Support for victims/witnesses of crime
During the first quarter of 2023 we mobilised a new specialist mental health
Victim and Witness Support Service which is funded by the Office of the Police
and Crime Commissioner. Covering Cambridgeshire and Peterborough, the
service offers short-term telephone support to victims and witnesses whose
mental health and wellbeing has been negatively impacted by crime. Support
provided includes personalised wellbeing plans. Working in partnership with
the Victim and Witness Support Hub, this service enables CPSL Mind to reach
individuals who may have never accessed mental health services before at a
time when they need support the most.
Good Life Fund
Our Good Life Fund supported 28 different community groups with wellbeing-
focused activities across Cambridgeshire and Peterborough during this year,
with grants amounting to more than £23,000. The Good Life Fund encourages
residents to utilise their own strengths and passions to be able to provide
something unique for their community. This fund has helped us reach out to
residents across our diverse communities, supporting local people to deliver
activities ranging from an LGBTQ+ community group to a senior gardening
group, and Eastern European walk and talk group to a Black women and family
group.
Personality disorder peer support
Working in partnership with Cambridgeshire and Peterborough Foundation
Trust (CPFT) we have supported local individuals seeking support with
symptoms associated with personality disorder, by delivering peer support
groups as part of the new Personality Disorder pathway in Cambridgeshire and
Peterborough. This activity has increased accessibility and choice for those
accessing support.
Discharge Buddy Service
We have expanded the referral pathway to accept referrals from the Liaison
Psychiatry Service, for individuals who have been assessed and discharged by
Accident and Emergency, and also now spend time based in A&E departments
across the county to meet people as they are discharged from A&E.
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.		 Night Light Café, South Lincolnshire
We are one of a network of providers that now deliver Night Light Cafés across
Lincolnshire, providing safe spaces for people to drop in if they are finding life
difficult. Our café, in Long Sutton, opens every Wednesday and Thursday
evening from 6pm to 10pm. The approach is strengths-based and encourages
peer support as well as connections to the wider community.
Perinatal support for Muslim mums
Working in partnership with The Lantern Initiative -
www.thelanterninitiative.co.uk - we delivered the new co-produced ‘Starting
Well’ service (Connecting Muslim Mums) for Muslim mums living in
Peterborough. This service was developed using human-centred service design
approaches and includes one-to-one support, peer support groups and courses
inclusive of faith-based content.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Trauma-informed approaches
Our Sanctuary, Discharge Buddy and Victim and Witness support teams were
the first to receive training in trauma-informed approaches by specialist
provider One Small Thing - www.onesmallthing.org.uk an approach we plan to
extend across our frontline services.
3.Challenge the attitudes
and behaviours that prevent
open conversations around
our mental health.
STOP Suicide campaign
Alongside our day-to-day mental health awareness communications, we
devised and delivered the latest phase of our STOP Suicide campaign:I’d Ask,
_Would You?_to raise awareness of the warning signs of suicide; increase
knowledge and understanding around conversations about suicide and equip
our local community with suicide prevention skills.
Highlights included:
·
an estimated reach of the campaign to more than 270,000 people.
·
the campaign being displayed more than 550,000 times on social media.
·
a campaign promotional audio airing more than 250 times on local radio.
·
an additional 741 new visitors to the www.stopsuicidepledge.org website
during the first four weeks of the campaign.
4.Support local employers
to create mentally healthy
workplaces.		 Menopause and mental health
In response to an identified local need, our training service worked alongside staff at
Cambridge University Press and Assessment (CUPA) to co-produce Menopause
and Mental Health Awareness Training for the workplace. This was launched on
World Menopause Day (18th October 2022) and is now part of our core Workplace
Wellbeing offer.
Collaborating to support workplace wellbeing
This year saw our Training and Consultancy Service work in partnership with:
·
Cambridge Biomedical Campus (CBC)to develop a suite of mental
health training webinars for the CBC YouTube Channel, covering topics
including Men’s Mental Health, Improving Sleep, Self Esteem and
Confidence, Coping with Worries, which was available to 21,000-plus
people who work on the campus as well as anyone in the local community.
·
Communications Workers Union Eastern No.5 branchto deliver training
to 441 people which was organised by one of their representatives who
works at Royal Mail.
·
Living Sportto deliver three cohorts of the highly regarded, co-produced
Wellbeing Together Programme. This course is designed for volunteers and
staff from community and third sector organisations to gain the
understanding and skills to support others, while also caring for their own
wellbeing. This project was subsequently showcased by Living Sport at the
East of England Mental Health in Sport & Physical Activity conference in
March 2023.
·
Shift Momentum (Shifties)to co-produce a ‘Welbeing in the Workplace’
promotion video. This was shared on our YouTube channel and shared on
social media.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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. Our activity against these priorities is outlined below:

Strategicpriority Activity
Inclusivity During 2022/23 we have:
·
pro-actively diversified our Board so that it is more representative of
the communities we serve.
·
continued partnering with Muslim mental health organisation The
Lantern Initiative, to deliver a ground- breaking, co-produced perinatal
mental health service in Peterborough.
·
developed a partnership with Barnardo’s and The Raham Project (a
local community organisation) to collaboratively undertake co-design
approaches with Black, Asian and Mixed Ethnicity families to design a
community maternity hub.
·
undertaken two pieces of research using Mind’s human-centred
Service Design Toolkit – one focused on the mental health inequalities
experienced by people who migrate to Boston, Lincolnshire, from
other European countries; and the other with older people (65 years-
plus) in Peterborough - to understand the barriers to accessing talking
therapy services.
·
partnered with local charity The Kite Trust to upskill our teams around
the needs of LGBTQ+ communities.
Innovation ·
As described elsewhere, we used innovative human-centred service
design techniques in a variety of ways to open up conversations and
find innovative, co-produced solutions that address unmet needs
across our communities.
·
As part of our Sanctuary service activity, we tested new, focused ways
of working with individuals who experience regular periods of
significant mental health crises.
·
We researched and co-produced a new ‘Menopause and Mental
Health’ training for workplaces.
Influence ·
We provided voluntary sector representation on a wide range of
strategic, system-wide boards and committees across Cambridgeshire,
Peterborough and South Lincolnshire, spanning crisis care and suicide
prevention through to community perinatal mental health support and
prevention/early intervention.
·
Our work with Muslim communities influenced the development of a
new partnership with Barnardo’s and the Raham Project, securing
additional funding from Barnardo’s Innovation Hub. Barnardo’s
Innovation Hub funding supports Black, Asian and Mixed Ethnicity
mothers, birthing people and their partners, as a means to addressing
significant health inequality which leads to poorer maternal outcomes.
·
We secured funding to host a new Voluntary, Community and Social
Enterprise (VCSE) sector influencer post, which will work with VCSE
providers across the local mental health, learning disability and autism
sector and represent them on the Mental Health, Learning Disability
and Autism Partnership Board.
·
Continued working alongside colleagues on the Fullscope
Collaboration www.fullscopecollaboration.org.uk to support the
mental health and wellbeing of children and young people in
Cambridgeshire and Peterborough.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Environment During 2022/23 we:
·
recruited a member of staff to a new Environment Champion role.
·
set out our environmental commitment in our new Environment Policy
Statement.
·
committed to the Investors in the Environment standard -
www.iie.uk.com

Our Impact

Below is just some of the feedback we have received this year, demonstrating the impact of our services and projects on those we support:

‘I can be myself and not feel alone.’ Attendee of Chai and Chat

‘I find such sessions incredibly beneficial, with these reminding me of my self-worth and finding alternative coping strategies when my anxiety and depression can take hold.’ Client, Changing Lives talking therapy

‘I look forward to coming because I don’t talk to anyone about these things.’ Peer support group member, Community Personality Disorder Service

‘My Buddy gave me that time slot to sit and have that conversation and exchange ideas, which for someone who has social problems can be hard but still needed.’ Individual accessing Discharge Buddy Service

‘’My Good Life Facilitators have supported me in my recovery from alcohol addiction by attending the CGL (Change Grow Live) service. . I couldn't go on my own, as I was too anxious, but the Good Mood Facilitators have helped me gain confidence. . . by accompanying me for the first six weeks. Now I go on my own and have made a few friends through the service.’

Individual accessing Good Life one-to-one support

‘’I always go home feeling better!’ Individual accessing Good Life - Cambourne

‘Never having anything in our village like this before it’s become very popular. I have met a lot of new people who are now friends. We all look forward to seeing each other each week.’ Participant, Good Mood Cafe in rural Peterborough

‘I do worry about grades and stress myself, but this session helped me get out of this gloomy cloud of frustration and worry and think about the beauty of nature that usually calms me.’ Participant, University Calm Space

‘You gave me a better understanding as to how my brain works and why I was feeling like I felt….You encouraged me to make positive changes on how I process my thoughts.’ Resident accessing HMP Peterborough Wellbeing Service

‘The course was amazing lifted me out of the trenches and made me see that life is no longer black and white but is colourful again.’

Participant, Mums Matter course, Perinatal service

‘It’s a welcoming, safe space where I feel I can be real and honest about how I am feeing without being judged.’ Peer support group member, Perinatal service

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

‘The Sanctuary is an invaluable service and the people that work there are truly incredible. They really care, listen, offer support and advice for those in a crisis or needing somebody to talk to. I used their daytime, evening and proactive calls during a difficult time in my life and I really can't thank them enough for taking the time, patience and care to be there for me.’

Sanctuary visitor

‘Since coming to the group, I go out more. I didn’t used to leave the house at all but now I walk my dog every day.’

Attendee, South Lincolnshire Good Mood Cafe

‘Five years ago, I reached out to the STOP Suicide campaign, having just lost my brother. You gave me encouragement to join … as a Campaign Maker. This in turn helped me process the loss of my brother and to promote the importance of openly talking about suicide, something I continue to do socially and in the workplace.’ STOP Suicide Campaign Maker

'Active listening is the one thing I think about now. I really think about it when I see people. I had a 1:1 with someone who had cancer and I just listened. We are so conditioned to reply. I let him talk and I asked questions. Last time I went out with friends I just listened, and it felt really good.’

Attendee, Wellbeing Together course, delivered in partnership with Living Sport

‘I found the last six sessions really useful in figuring out how I want to move forward in supporting my everevolving brain and in feeling more secure in the coping skills I have.’ Individual accessing Qwell online service

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 2022-23, 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 2023

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

Co-production and engagement

Co-production across CPSL Mind has taken many forms this year and we are particularly proud of our increasing use of human-centred service design as a way of researching and designing services to meet the specific needs of groups identified as being underserved by mainstream mental health services. In particular, we have continued to work with our local Muslim communities around perinatal support. We have also used Mind’s Service Design Toolkit to better understand the needs of the migrant communities in Boston, Lincolnshire, and to identify ways of making the Talking Therapies for Anxiety and Depression service (formerly Improving Access to Psychological Therapies – IAPT) more accessible to older adults.

In addition, over this year we have supported the development of 28 community groups and activities across Cambridgeshire and Peterborough, thanks to our Good Life Fund.

‘We have been able to create a relaxed, comfortable space away from the day-to-day ups and downs to simply unwind and enjoy some friendly company doing an activity, not only for the community to attend but for ourselves as well to enjoy and feel good about ourselves .’

Applicant/awardee, Good Life Fund

‘I love coming to the group because I like the social aspect of it: passing on my knowledge and skills to others in the group when I was teaching; and learning new skills from others teaching me and others who came to the group.’

Participant, group supported by the Good Life Fund

Volunteer impact and community support

This year saw more than 3,100 volunteer hours and more than 1,950 hours of direct service delivery from our volunteers.

Volunteers play a key role right across the organisation in roles including: Supporting facilitation of our many Good Mood Cafes, providing additional administration support for frontline services, maintaining our lovely garden space in Cambridge, providing fundraising support and overseeing the charity as a Trustee.

We also have significant wider community support from our STOP Suicide ‘Campaign Makers’, who support our campaign by helping us develop and share our suicide prevention messages; and from our many community fundraisers who have undertaken incredible events and challenges to raise thousands of pounds for CPSL Mind this year.

As ever, a huge ‘thank you’ goes to everyone who has given up their time to support our work during this 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 2023

Quality and service development

We seek to continuously improve the quality of all our services and are proud of our learning culture.

This year we have been undertaking our own internal audits against the Mind Quality Mark (MQM) guidance, in readiness for our next MQM assessment which will take place in 2024. This commitment to continuous improvment is further supported by our approach to co-production and our proactive response to both formal evaluation and informal feedback which supports or continuous quality improvement ambitions.

The fact that 2022/23 has resulted in an underspend has meant that we can further our Equality, Diversity and Inclusion ambitions by investing in a new Influence and Participation team. This will enable us to continue increasing engagement, reach and service accessibility across our diverse communities. We are also recruiting two new Information and Enquiries Co-ordinator roles, with a view to ensuring a consistent, high quality and values-based response to anyone contacting us via our busy 0300 telephone line and enqiries inbox.

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 C Clarke S Gilfoyle A Granta E Orekogbe (Resigned 2 December 2022) A Page D Richards R Young (Resigned 14 November 2022) D Allum (Appointed 4 April 2023) K Smith (Appointed 4 April 2023) M Hammond (Appointed 11 August 2023) A Paylor (Appointed 5 September 2023) S Jessup (Appointed 26 September 2023)

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 an application form, undertake a Disclosure and Barring Service check and are 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 2023

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 Leadership 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 CEO and Deputy CEO 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

The management of risks within CPSL Mind is undertaken within a framework comprising:

The overall responsibility for managing risk within the organisation lies with our Board of Trustees, with day-today operational responsibility delegated to the Senior Leadership Team.

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. This includes:

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

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 £88,622 compared to a surplus in the previous year of £119,230. Total income from the year increased from £2,808,852 in the previous year to £3,433,345 in the current year. Reserves at the end of the year increased from £1,294,348 to £1,382,970, of which £326,662 were held in restricted funds (2022: £160,648).

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

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 2023 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 2023 the balance on the Building Reserve stood at £20,000.

At 31 March 2023 the charity had free reserves of £387,380.

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 £9,506.

Auditor

In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

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

A Tait (Chair) Trustee Dated: 12 December 2023

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2023

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 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and 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 Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor'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.

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 auditor's 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 14 December 2023 Chartered Accountants Statutory Auditor Ruthlyn House 90 Lincoln Road Peterborough Cambridgeshire United Kingdom PE1 2SP

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 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 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
201,156
-
Charitable activities
4
1,540,156
1,682,527
Investments
5
9,506
-
Total income
1,750,818
1,682,527
Expenditure on:
Raising funds
6
71,565
-
Charitable activities
7
1,751,195
1,521,955
Total resources
expended
1,822,760
1,521,955
Net gains/(losses) on
investments
11
-
-
Net
(outgoing)/incoming
resources before
transfers
(71,942)
160,572		 Total
Unrestricted
funds
2023
2022
£
£
201,156
172,819
3,222,683
1,512,593
9,506
242
3,433,345
1,685,654
71,565
70,351
3,273,150
1,404,821
3,344,715
1,475,172
-
(1,825)
88,630
208,657		 Restricted
funds
2022
£
-
1,123,198
-
1,123,198
-
1,222,572
1,222,572
-
(99,374)		 Total
2022
£
172,819
2,635,791
242
2,808,852
70,351
2,627,393
2,697,744
(1,825)
109,283

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Net
(outgoing)/incoming
resources before
transfers
(71,942)
160,572
Gross transfers between
funds
(5,442)
5,442
Net (outgoing)/incoming
resources
(77,384)
166,014
Other recognised gains and losses
Actuarial (loss)/gain on
defined benefit pension
schemes
(8)
-
Net movement in funds
(77,392)
166,014
Fund balances at 1 April
2022
1,133,700
160,648
Fund balances at 31
March 2023
1,056,308
326,662		 Total
Unrestricted
funds
2023
2022
£
£
88,630
208,657
-
(42,720)
88,630
165,937
(8)
9,947
88,622
175,884
1,294,348
957,816
1,382,970
1,133,700		 Restricted
funds
2022
£
(99,374)
42,720
(56,654)
-
(56,654)
217,302
160,648		 Total
2022
£
109,283
-
109,283
9,947
119,230
1,175,118
1,294,348

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 2023

Notes
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
17
Provisions for liabilities
18
Net assets
Income funds
Restricted funds
20
Unrestricted funds
Designated funds
21
General unrestricted funds		 2023
£
£
287,941
2,017
289,958
500,270
1,451,892
1,952,162
(814,362)
1,137,800
1,427,758
(41,667)
(3,121)
1,382,970
326,662
668,928
387,380
1,056,308
1,382,970		 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

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

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 2023, 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 12 December 2023

A Tait (Chair)

Trustee

Company registration number 01082980

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash flows from operating activities
Cash generated from operations
25
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Investment income received
Net cash generated from/(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		 2023
£
£
280,471
(5,402)
-
9,506
4,104
-
284,575
1,167,317
1,451,892		 2022
£
£
204,646
(46,421)
(20)
242
(46,199)
-
158,447
1,008,870
1,167,317

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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)" (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. 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.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

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.

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 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 the statement of financial activities.

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.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

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.

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.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

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.

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
2023 2022
£ £
Donations and gifts 199,396 170,939
Subscriptions 1,760 1,880
201,156 172,819

4 Charitable activities

Mental Health Services
Analysis by fund
Unrestricted funds
Restricted funds		 2023
£
3,222,683
1,540,156
1,682,527
3,222,683		 2022
£
2,635,791
1,512,593
1,123,198
2,635,791

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5
6		 Investments
Unrestricted Unrestricted
funds
funds
2023
2022
£
£
Interest receivable
9,506
242
Raising funds
Unrestricted Unrestricted
funds
funds
2023
2022
£
£
Fundraising and publicity
Other fundraising costs
21,020
25,274
Staff costs
50,545
45,077
Fundraising and publicity
71,565
70,351
71,565
70,351		 Investments
Unrestricted Unrestricted
funds
funds
2023
2022
£
£
Interest receivable
9,506
242
Raising funds
Unrestricted Unrestricted
funds
funds
2023
2022
£
£
Fundraising and publicity
Other fundraising costs
21,020
25,274
Staff costs
50,545
45,077
Fundraising and publicity
71,565
70,351
71,565
70,351
70,351
70,351

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

7 Charitable activities

Staff costs
Depreciation and impairment
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		 Mental
Health
Services
2023
£
2,573,247
21,142
82,242
20,122
65,575
29,668
52,020
48,711
362,793
3,255,520
17,630
3,273,150
1,751,195
1,521,955
3,273,150		 Mental
Health
Services
2022
£
2,031,695
20,763
46,117
17,762
76,654
21,369
36,421
31,045
326,629
2,608,455
18,938
2,627,393
1,404,821
1,222,572
2,627,393

8 Support costs

Accountancy and
financial advice
Auditors' remuneration
Professional fees
AGM & Annual report
cost
Trustees' meetings and
other expenditure
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
3,418
-
7,560
-
3,172
-
-
-
3,480
-
17,630
-
17,630
-		 2023
£
3,418
7,560
3,172
-
3,480
17,630
17,630		 Support
costs
Governance
costs
£
£
3,704
-
6,000
-
2,257
-
1,296
-
5,681
-
18,938
-
18,938
-		 2022
£
3,704
6,000
2,257
1,296
5,681
18,938
18,938

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or were reimbursed expenses during the year (2022: 2 trustees were reimbursed travel expenses of £128).

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		 2023
Number
103
2023
£
2,361,187
204,810
57,795
2,623,792		 2022
Number
98
2022
£
1,882,221
148,370
46,181
2,076,772

Key management personnel benefits totalled £306,573 in the year (2022: £261,816).

The number of employees whose annual remuneration was more than £60,000 is as follows:

£60,000 to £70,000
11
Net gains/(losses) on investments
Revaluation of investments		 2023
2022
Number
Number
1
-
Total Unrestricted
funds
2023
2022
£
£
-
(1,825)		 2022
Number
-

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

13
Tangible fixed assets
Freehold land
and buildings
Leasehold
improvements
Furniture and
equipment
£
£
£
Cost
At 1 April 2022
460,203
39,437
96,930
Additions
-
-
5,402
At 31 March 2023
460,203
39,437
102,332
Depreciation and impairment
At 1 April 2022
208,338
3,944
80,607
Depreciation charged in the year
9,205
3,944
7,993
At 31 March 2023
217,543
7,888
88,600
Carrying amount
At 31 March 2023
242,660
31,549
13,732
At 31 March 2022
251,865
35,493
16,323		 Total
£
596,570
5,402
601,972
292,889
21,142
314,031
287,941
303,681

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

14 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 April 2022 & 31 March 2023 2,017
Carrying amount
At 31 March 2023 2,017
At 31 March 2022 2,017

15 Debtors

15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
16
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
18
Trade creditors
Other creditors
Accruals and deferred income
17
Creditors: amounts falling due after more than one year
Notes
Deferred income
18		 2023
£
442,768
7,725
49,777
500,270
2023
£
139,604
558,924
32,509
16,096
67,229
814,362
2023
£
41,667		 2022
£
60,177
12,630
21,418
94,225
2022
£
39,514
146,823
31,257
7,886
42,516
267,996
2022
£
-

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

18
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Current liabilities
Non-current liabilities		 2023
£
600,591
2023
£
558,924
41,667
600,591		 2022
£
146,823
2022
£
146,823
-
146,823

19 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)

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

19 Retirement benefit schemes

(Continued)

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
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
Rate of discount (% per annum)		 2023
£
3,121
2023
5.52%		 2022
£
4,896
2023
£
4,896
91
(1,783)
(83)
-
3,121
2023
£
91
(83)
-
2022
2.35%		 2021
£
19,872
2022
£
19,872
115
(5,029)
(112)
(9,950)
4,896
2022
£
115
(112)
(9,950)
2021
0.66%

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 2022 where the cost of withdrawal was £29,223.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

20 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:

Balance at
1 April 2021
£
The Sanctuary
53,070
Prison Training
-
Suicide Prevention Trailblazer
36,373
Building Mentally Healthy Universities
-
Discharge Buddies
87,177
Papworth Trust
6,385
Community Personality Disorder Service
2,698
University Good Life Service
8,900
Cambourne Good Life Project
5,420
Perinatal and Empowering Women
17,517
South Lincs Development
-
South Holland Good Life Project
-
Racial Equality
-
Rural Peterborough
-
Starting Well
(238)
Communty Connectors
-
Victim and Witness Support
-
Night Light Cafe
-
Crowland Good Mood Cafe
-
Holbeach Good Mood Cafe
-
Boston Good Mood Cafe
-
217,302		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
1 April 2022
£
£
£
£
500,934
(484,004)
-
70,000
30,225
(30,112)
-
113
-
(36,373)
-
-
26,644
(30,650)
4,006
-
38,821
(124,800)
-
1,198
6,463
(13,648)
800
-
100,000
(81,356)
-
21,342
8,676
(15,490)
-
2,086
12,500
(17,920)
-
-
107,290
(111,372)
12,500
25,935
7,746
(32,860)
25,114
-
22,494
(12,430)
-
10,064
39,584
(19,188)
-
20,396
80,336
(70,822)
-
9,514
141,485
(141,547)
300
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,123,198
(1,222,572)
42,720
160,648		 Movement in funds
Incoming
resources
Resources
expended
Transfers
31
£
£
£
570,502
(593,483)
-
30,691
(32,309)
1,505
-
-
-
-
-
-
378,363
(195,442)
-
-
-
-
158,333
(137,931)
-
16,053
(11,735)
-
-
-
-
110,019
(139,245)
3,291
3,400
(3,400)
-
50,638
(60,702)
-
3,958
(18,991)
-
64,269
(74,429)
646
175,700
(154,042)
-
39,446
(38,848)
-
10,510
(5,101)
-
26,625
(20,717)
-
9,528
(9,528)
-
9,882
(9,882)
-
24,610
(16,170)
-
1,682,527
(1,521,955)
5,442		 Balance at
March 2023
£
47,019
-
-
-
184,119
-
41,744
6,404
-
-
-
-
5,363
-
21,658
598
5,409
5,908
-
-
8,440
326,662

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

20 Restricted funds

(Continued)

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.

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.

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 extended 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 selfdeclared mental health issues. Additional funding was secured to extend the project, which completed in 2021.

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.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

20 Restricted funds

(Continued)

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.

South Holland Good Life Project – Funded by the Cooperative, via National Mind and working with isolated communities in South Lincolnshire. Using an asset-based model to deliver support based upon the Good Mood Café model.

South Lincs Development – Funding has been received, to deliver a programme using the Good Mood Café model. This is a pilot in 2021/22 funded by Lincolnshire CCG.

Racial Equality – Funded by Pears, via National Mind. CPSL Mind working closely with the Lantern Initiative to educate and raise awareness of mental health issues in the Muslim Community.

Rural Peterborough – A project funded by the Cambridgeshire & Peterborough CCG, running until Autumn 2022 and building on the Good Life model to deliver support services to those in isolated rural communities around Peterborough.

Transfers between funds relate to expenditure funded from general unrestricted funds.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

21 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:

Balance at
1 April 2021
£
Fixed Asset Fund
261,070
Building Reserve
20,000
Disaster Fund
169,000
Charitable Services Fund
155,134
605,204		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
1 April 2022
£
£
£
£
-
(20,763)
63,374
303,681
-
-
-
20,000
-
-
56,000
225,000
1,510,821
(1,444,362)
(14,367)
207,226
1,510,821
(1,465,125)
105,007
755,907		 Movement in funds
Incoming
resources
Resources
expended
Transfers
31
£
£
£
-
(21,142)
5,402
-
-
-
-
-
-
1,518,646
(1,642,170)
52,285
1,518,646
(1,663,312)
57,687		 Balance at
March 2023
£
287,941
20,000
225,000
135,987
668,928

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:

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

22
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2023
2023
£
£
Fund balances at 31
March 2023 are
represented by:
Tangible assets
287,941
-
Investments
2,017
-
Current assets/(liabilities)
811,138
326,662
Long term liabilities
(41,667)
-
Provisions and
pensions
(3,121)
-
1,056,308
326,662		 Total
Unrestricted
funds
2023
2022
£
£
287,941
303,681
2,017
2,017
1,137,800
832,898
(41,667)
-
(3,121)
(4,896)
1,382,970
1,133,700		 Restricted
funds
2022
£
-
-
160,648
-
-
160,648		 Total
2022
£
303,681
2,017
993,546
-
(4,896)
1,294,348

23 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		 2023
£
31,111
62,510
93,621		 2022
£
29,986
92,215
122,201

24 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

25
Cash generated from operations
2023
£
Surplus for the year
88,630
Adjustments for:
Investment income recognised in statement of financial activities
(9,506)
Fair value gains and losses on investments
-
Depreciation and impairment of tangible fixed assets
21,142
Difference between pension charge and cash contributions
(1,783)
Movements in working capital:
(Increase) in debtors
(406,045)
Increase/(decrease) in creditors
134,265
Increase in deferred income
453,768
Cash generated from operations
280,471
26
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