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2024-03-31-accounts

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND

(A company limited by guarantee)

Annual Report and Consolidated Financial Statements

For the year ended 31 March 2024

Charity number 0519916 Company number 2210699

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

TABLE OF CONTENTS

Administrative information 2
Trustees’ report 3 – 11
Independent auditors’ report 12 -14
Group statement of financial activities 15
Charity statement of financial activities 16
Group balance sheet 17
Charity balance sheet 18
Group and parent charity statement of cash flows 19
Notes to the financial statements 20 – 35

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

LEGAL AND ADMINISTRATIVE INFORMATION

TRUSTEES

Kate Davies-Poole (Co-Chair) Paul Sinclair (Co-Chair) Timothy Joseph English (Deputy Chair) Samantha Davys Lee Houston Amraze Khan Mohammed Shahedul Alam (Treasurer)

(Appointed 14 June 2023) (Appointed 13 December 2023) (Appointed 17 April 2024)

CHIEF EXECUTIVE

Mike Ruiter (Interim)

REGISTERED OFFICE

3 – 11 Drake Street Rochdale Lancashire OL16 1RE 0519916

REGISTERED CHARITY NUMBER

COMPANY NUMBER 2210699

AUDITOR

Royce Peeling Green Limited The Copper Room Deva City Office Park Trinity Way Manchester M3 7BG

BANKERS

Lloyds Bank Plc Rochdale Branch 17 Yorkshire Street Rochdale Lancashire OL16 1BN

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT AND STRATEGIC REPORT)

The Trustees present their report and consolidated financial statements for the year ended 31 March 2024.

CEO Foreword

I would like to express my thanks to our Trustees who are not remunerated but volunteer their time in order to ensure the ongoing viability of Rochdale and District Mind. Our Trustees support us through their attendance at meetings and duties directly relating to those as a Trustee in ensuring that we maintain transparency and accountability to all our funders and donors and utilise our finances in the best interests of those who access our services.

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).

Objectives and activities/Achievements and performance

The charity's principal objectives as set out in its Articles of Association are, within the area of Rochdale and District:

Our vision is of a society that promotes and protects good mental health and emotional wellbeing for all and that treats people with experience of mental health and emotional wellbeing issues fairly, positively and with respect.

Our aims are:

We have referred to the Charity Commission guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and activities they have set.

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The Board of Trustees is the governing body of Rochdale and District Mind and sets the policy framework and organisational structure in order to deliver high quality, innovative and user-friendly services to promote Wellbeing and help people with Mental Health problems. The work done by the Board is mainly strategic, thinking about the direction of the organisation, its finances and resources, its public profile and its partnerships with other organisations. The board meet every two months. The chief executive and the senior staff team carry out the day-to-day management of the organisation on behalf of the Board.

Rochdale and District Mind continues to make a significant contribution to local mental health and emotional wellbeing services. Although there have been many changes in the health and social care field in the last 12 months, we have continued to work closely with the Greater Manchester ICB and our Heywood, Middlton and Rochdale NHS Commissioning partners, Rochdale Borough Council, and Thinking Ahead (Big Life) to deliver our services. These 3 organisations remain our main funders.

From 1st April 2023 to 31st March 2024, we have had 2083 service users accessing our support, who either referred themselves to our main wellbeing services (excluding advocacy) or were referred to our services by a health professional or a partner agency. 34% of our referrals are self-referrals, which fits with our aim of making our services as easy to access as possible.

We delivered a total of 8,394 sessions which include courses, group sessions and individual appointments over the past year with 16,371 attendances at these sessions.

Senior staff from the organisation continue to contribute regularly to local forums and help shape strategic development in relation to mental health and more widely by chairing and sitting on a variety of steering groups including the Safeguarding Adults Board. We also continue to chair the local BAME Health and Wellbeing Forum, renamed Diverse Communities Emotional Wellbeing Forum (Rochdale).

Over the course of the year, partnership work has continued with several community organisations, to tackle stigma in mental health and emotional wellbeing, raise awareness and support people on their journey to mental health and emotional wellbeing recovery. We have seen an increase in awareness events being held, a trend continued since the pandemic, providing us with an opportunity to better connect with our communities across the borough. We have also held successful events to help tackle the stigma surrounding mental health and emotional wellbeing including World Mental Health Day, Blue Monday, Suicide Prevention Day and International Women’s Day.

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

Service Delivery Summary 2023-2024

The following gives a summary of the reach of services delivered in 2023-2024

Wellbeing Service

A therapeutic programme offering a range of services based on the “5 Ways 2 Wellbeing” to enable service users to develop and learn lifelong skills to manage their mental health problems and improve and maintain their emotional wellbeing. We provide support groups and self-help courses addressing specific mental health issues, as well as social and wellbeing activities. Community Businesses

The Wellbeing Cafés in Rochdale and Middleton provide a friendly space for all members of the community to enjoy homemade and healthy meals and hot drinks. They offer a welcoming environment for people to discuss mental health and find information and support, whilst providing invaluable employability skills to service users and volunteers.

The Growth Project is our award-winning allotment space providing a supportive haven to promote good mental and physical wellbeing through outdoor activity in a green environment.

Community Engagement

Our community engagement work includes a variety of specific wellbeing services which proactively offer appropriate support for individuals from Black, Asian and Minority Ethnic (BAME) communities who experience emotional wellbeing issues, including refugees and asylum seekers.

Psychological Services

Our Counselling Services are accredited by the British Association of Counselling and Psychotherapy (BACP). We are committed to providing a safe, ethical and professional counselling service, available to anyone living in the Rochdale, Heywood and Middleton area who is aged 12 or over.

Forward Project

The Forward Project is a confidential service for those who are, or are at risk of being, involved in the Criminal Justice System. We focus on providing opportunities for individuals to develop and grow their skills, knowledge and experiences that allow them to take control of their issues.

Dementia Services

We offer mental health and emotional wellbeing support to those living with dementia, their carers and families living in the Rochdale Borough.

We provide one-to-one, face-to-face and group support for individuals, as well as opportunities for carers to address their own needs, with the aim of empowering and enhancing the ability to live well.

Peer Support Workers

We offer a peer-support service, drawing on lived-experience, to provide emotional and practical support for people to plan their own recovery. The programme aims to establish mutual and reciprocal relationships, and to keep hopes and aspirations alive. Open Young Minds

The Open Young Mind service provides support for young people aged 18 – 25 living in the Rochdale, Heywood and Middleton area facing mental health and emotional wellbeing issues. We offer support to young people, providing a safer space for them to explore their issues and work towards building their resilience and coping strategies, so they are able to realise their potential.

Secure Advocacy

We provide Independent Mental Health Advocacy (IMHA) for patients on short- and long-stay secure units in Rochdale, Tameside and Bury. Our advocates ensure that patients have a voice and are given appropriate support to be heard and listened to.

Listening Lounge

Our Listening Lounges are located in Rochdale and Middleton and provide a safer, comfortable and confidential space that is a non-clinical alternative to crisis services. They are open out of normal working hours to support anyone over the age of 18 with their mental health and emotional wellbeing and can be

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accessed without appointment so people have a drop in space where they can be to access the support when they need it during emotional distress.

MASH

Our specialist Link Worker is embedded in the local multi-agency safeguarding hub, working to reduce the number of people falling through the gaps between services by streamlining the referral pathways for organisations, ensuring service users are accessing appropriate mental health and emotional wellbeing support.

Volunteers are a valuable resource within the organisation. We have 42 volunteers who help us to deliver a range of wellbeing activities and volunteer counsellors who deliver counselling sessions each week. We are grateful to all our volunteers for giving so freely of their time and effort.

Strategic report

The description under the headings "Service Delivery Summary 2023-24" and "Financial review" meet the company law requirements for the Trustees to present a strategic report.

Financial review

2023 – 2024 Financial Review

In 2023/24, total income received was £1,651,155 (2022/23 = £1,566,452) which was due to holding contracts from the previous financial year.

Expenditure for the year totalled £1,510,405 (2022/23 = £1,583,535). This represented a 5% decrease and was largely due to internal vacancies.

As a service delivery organisation, salaries are our single biggest area of expenditure. In 2023/24, expenditure on salaries totalled £1,136,098 which represents 75% of total expenditure (in 2022/23 this was 66%).

For the 12 months to 31st March 2024 Rochdale and District Mind’s budget projection was a deficit of £75,012. The previous year the organisation experienced significant growth, and in 2023-24 the organisation sought to consolidate activities and focus on delivering service contracts, particularly the successful rollout of Living Well.

The financial performance will be continually monitored and reported to the Trustees through quarterly management account reports.

In 2023/24, our unrestricted reserves increased by a total of £204,252. Our restricted reserves decreased by a total of £63,502.

Rochdale and District Mind remains reliant on public sector funding, through both direct and indirect contracting. Combinedly, this accounted for 79% of our income in 2023/24. This is a strong baseline and going forward it can be used as leverage for matched and complimentary funding, although the organisation is set to invest in diversification of income in 2024/25 and beyond to reduce the reliance risk.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six month’s expenditure. The designated funds are expected to be spent within the next 12 months. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. It is expected that six months would provide enough time to replace any funding that is lost or expired. This level of reserves has been maintained throughout the year.

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

Funding Sources

We are an affiliation of Mind – The Mental Health Charity and follow their core principles, but we are what is known as a Local Mind, which means we are our own independent charity, run our own groups and as such are required to raise our own funds. We are part of a network of over 100 Local Minds across England and Wales and work together in partnership under the umbrella of the Mind branding to deliver excellent mental health services to anyone who needs them. We heavily rely on local funding and donations to keep our services going and respond directly to the mental health and emotional wellbeing needs of our local communities and tailor our services to match. We are assessed by Mind through the Mind Quality Mark (MQM) which is a set of standards covering all areas of local Mind activity. The MQM provides assurance that local Minds across England and Wales are well-run and meet the expectations of good practice.

We would like to thank all our funders for their support in 2023/24:

Rochdale and District Mind could not continue to operate without this valued support.

Individual and Corporate Donors

We would also like to thank each of our individual donors and fundraisers who have worked with us.

The executive committee has considered the most appropriate policy for investing funds and has found that a building society or bank deposit account meets their requirements.

The organisation has a risk register which is reviewed at every Board meeting by the Trustees. By far the major identified risk is a complete loss or significant reduction of funding from one of the organisation’s major funders. The organisation maintains adequate reserves to allow time for a situation like this to be effectively managed.

Strategic Plan: Plans for future periods

The CEO and senior management team have key priorities to focus on from the strategic business plan for Rochdale and District Mind. The key messages are:

We will innovate and thrive to ensure we are here for the long term, through our forward-thinking approach to services. We will build on knowledge and learning from work in our previous strategy, and we will strive for financial stability, growth and diversification by ensuring that:

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

The work we deliver is monitored throughout the year through management and board meetings ensuring our direction aligns with our strategic aims. Over the past year we have done the following to achieve these aims:

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

The trustees have extended the 2020-23 Building on Change strategy until 2026. The strategic objectives are as relevant today as they were when the strategy was launched. A two-year business plan has been developed and sets out the activities that will enable the executive team to achieve the organisational objectives. During this period, the Board will work together with the incoming CEO, as well as internal and external stakeholders to co-create a new strategy for the organisation.

Structure, governance and management

The charity is a company limited by guarantee, its governing document being its Articles of Association.

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:

Kate Davies-Poole (Co-Chair)

Sue Adamson (Resigned 14 June 2023) Ryan Orchard (Treasurer) (Resigned 17 April 2024) Paul Sinclair (Co-Chair) Timothy Joseph English (Deputy Chair)

Samantha Davys Lee Houston (Appointed 14 June 2023) Amraze Khan (Appointed 13 December 2023) Mohammed Shahedul Alam (Treasurer) (Appointed 17 April 2024)

New Trustees are required to complete an application pack detailing their skills and reasons for wishing to be a Trustee. Suitable applicants are invited to meet with the Chair & CEO for an informal interview before attending 2 Trustee meetings as observers. They are then co-opted as directors / Trustees by the existing Trustees before being formally appointed as directors / Trustees by members of the charity at the Annual General Meeting. Following a Special Resolution held on 8 December 2021, Rochdale and District Mind is no longer a membership organisation. For the governing documents, Trustees are known as members.

At each Annual General Meeting, one third of the directors / Trustees must in rotation retire but are immediately eligible for re-election.

Current directors / Trustees have a wide range of traditional business, care, and social administration skills. To maintain or further expand this broad range of skills, or in the event of skills being lost due to retirement, individuals with appropriate qualities may be approached to offer themselves for election.

Trustees Indemnity Insurance - The charity subscribes to the national 'Mind' block insurance.

New directors / Trustees are invited to familiarise themselves with the charity and the context within which it operates. A structured induction day is available to all new staff, volunteers, and Trustees.

The Chair and Chief Executive also organise briefing sessions for new directors / Trustees on the obligation of the Trustees, the main documents setting out the operational framework of the charity including the Memorandum of Association, resourcing and the current financial position as set out in the latest published accounts, future plans, and objectives.

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Information from various Charity Commission publications signposted through the commission's guide "The Essential Trustee" is also made available to directors / Trustees.

Pay for senior staff - Pay is set by the personnel sub-group who review a range of factors including pay in similar organisations.

Trustees’ responsibilities in relation to the financial statements

The Trustees (who are also directors of Rochdale and District Mind for the purposes of company law) are responsible for preparing the Trustees’ Annual 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. 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 charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditors

We, the trustees and directors of the charitable company who held office at the date of approval of these Financial Statements as set out above each confirm, so far as we are aware, that:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Auditor

In accordance with the company's Articles, a resolution proposing that Royce Peeling Green Limited be reappointed as auditor of the company will be put forward at the Annual General Meeting.

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Small company provisions and approval

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

The Trustees report, including the strategic report, was approved by the Board of Trustees and signed of its behalf by:

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

Paul Sinclair

Trustee

16 September 2024

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF ROCHDALE AND DISTRICT MIND

Opinion

We have audited the financial statements of Rochdale and District Mind (the ‘charitable company’ or ‘the charity’) and its subsidiary (together ‘the Group’) for the year ended 31 March 2024 which comprise the group and charity statements of financial activities, the group and charity balance sheets, the group and charity statements 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 group’s and parent 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.

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF ROCHDALE AND DISTRICT MIND (CONTINUED)

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 group and 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 group or 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.

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

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF ROCHDALE AND DISTRICT MIND (CONTINUED)

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 are less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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

Use of our report

This report is made solely to the charity’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.

Carolyn Dutton (Senior Statutory Auditor) 18 September 2024 For an on behalf of Royce Peeling Green Limited ……………………………… Chartered Accountants Statutory Auditor The Copper Room

The Copper Room Deva City Office Park Trinity Way Manchester M3 7BG

Royce Peeling Green Limited 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.

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

GROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 (including the income and expenditure account)

Notes
Income and endowments from:
Donations and legacies
3
Charitable activities
Investments
4
5
Café trading income
Other income
6
Total income
Expenditure on:
Charitable activities
7
Café trading activities
Total expenditure
Net income/ (expenditure)
11
Transfers between funds
Net movement in funds
Reconciliation of funds:
Fund balances at 1 April 2023
20
Fund balances at 31 March 2024
20		 Unrestricted funds Restricted Funds
Total
Unrestricted funds Restricted Funds
Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
17,678
1,391
19,069
13,901
-
13,901
447,859
7,479
1,086,275
-
1,534,134
7,479
699,288
2,221
851,042
-
1,550,330
2,221
90,028
-
90,028
-
-
-
445
-
445
-
-
-
563,489
1,087,666
1,651,155
715,410
851,042
1,566,452
383,107
1,046,266
1,429,373
878,845
704,690 1,583,535
81,032
-
81,032
-
-
-
464,139
1,046,266 1,510,405
878,845
704,690
1,583,535
99,350
41,400
140,750
(163,435)
146,352
(17,083)
104,902
(104,902)
-
(2,565)
2,565
-
204,252
(63,502)
140,750
(166,000)
148,917
(17,083)
457,209
252,259
709,468
623,209
103,342
726,551
661,461
188,757
850,218
457,209
252,259
709,468

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 20 to 35 form part of these financial statements

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

PARENT CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 (including the income and expenditure account)

Notes
Income and endowments from:
Donations and legacies
3
Charitable activities
Investments
4
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net income/ (expenditure)
11
Transfers between funds
Net movement in funds
Reconciliation of funds:
Fund balances at 1 April 2023
20
Fund balances at 31 March 2024
20		 Unrestricted funds Restricted Funds
Total
Unrestricted funds Restricted Funds
Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
17,678
1,391
19,069
13,901
-
13,901
447,859
7,479
1,086,275
-
1,534,134
7,479
699,288
2,221
851,042
-
1,550,330
2,221
10,280
-
10,280
-
-
-
483,296
1,087,666
1,570,962
715,410
851,042
1,566,452
383,946
1,046,266
1,430,212
878,845
704,690 1,583,535
383,946
1,046,266 1,430,212
878,845
704,690
1,583,535
99,350
41,400
140,750
(163,435)
146,352
(17,083)
104,902
(104,902)
-
(2,565)
2,565
-
204,252
(63,502)
140,750
(166,000)
148,917
(17,083)
457,209
252,259
709,468
623,209
103,342
726,551
661,461
188,757
850,218
457,209
252,259
709,468

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 20 to 35 form part of these financial statements

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ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

GROUP BALANCE SHEET AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 12 137,224 175,339
137,224 175,339
Current assets
Debtors 14 36,642 9,932
Cash at bank and in hand 835,973 695,553
872,615 705,485
Creditors
Amounts falling due in one year 15 (154,377) (117,875)
Net current assets 718,238 587,610
Total assets less current liabilities 855,462 762,949
Provisions for liabilities 16 (5,244) (53,481)
Net assets 850,218 709,468
Funds
Restricted income funds 19 188,757 252,259
Unrestricted funds 21 661,461 457,209
Total funds 20 850,218 709,468

The group is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024, 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 group 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 16 September 2024.

………………………. ……………….. Kate Davies-Poole Paul Sinclair Trustee Trustee

Company registration number 2210699 (England and Wales)

The notes on pages 20 to 35 form part of these financial statements

17

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

PARENT CHARITY BALANCE SHEET AS AT 31 MARCH 2024

PARENT CHARITY BALANCE SHEET
AS AT 31 MARCH 2024
2024 2023
Notes £ £ £ £
Fixed assets
Tangible Assets 12 135,796 175,339
Investments 13 10 10
135,806 175,349
Current assets
Debtors 14 41,419 9,932
Cash at bank and in hand 815,938 695,553
857,357 705,485
Creditors
Amounts falling due in one year 15 (137,701) (117,885)
Net current assets 719,656 587,600
Total assets less current liabilities 855,462 762,949
Provisions for liabilities 16 (5,244) (53,481)
Net assets 850,218 709,468
Funds
Restricted income funds 19 188,757 252,259
Unrestricted funds 21 661,461 457,209
Total funds 20 850,218 709,468

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 2024, 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 16 September 2024.

………………………. ……………….. Kate Davies-Poole Paul Sinclair Trustee Trustee

Company registration number 2210699 (England and Wales)

The notes on pages 20 to 35 form part of these financial statements

18

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

GROUP AND PARENT CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from/ (absorbed by)
operations
26
Investing activities
Purchase of tangible fixed assets
12
Proceeds from disposal of tangible fixed
assets
Investment in subsidiaries
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net increase/ (decrease) in cash and
cash equivalents
Cash and cash equivalents at beginning
of year
Cash and cash equivalents at end of
year		 Group
Group
Charity
Charity
2024
2023
2024
2023
£
£
£
£
163,008
(253,617)
141,403
(253,607)
(22,512)
(13,454)
(20,942)
(13,454)
(7,555)
-
(7,555)
-
-
-
-
(10)
7,479
2,221
7,479
2,221
(22,588)
(11,233)
(21,018)
(11,243)
-
-
-
-
140,420
(264,850)
120,385
(264,850)
695,553
960,403
695,553
960,403
835,973
695,553
815,938
695,553

19

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS.

1. ACCOUNTING POLICIES

Charity information

Rochdale and District Mind is a private company limited by guarantee incorporated in England and Wales. The registered office is 3 – 11 Drake Street, Rochdale, Lancashire, OL16 1RE.

The Group consists of Rochdale and District Mind, the parent charity, and Rochdale & District Wellbeing Café Ltd, the subsidiary trading company.

Accounting convention

The financial statements have been prepared in accordance with the charity’s Articles of Association, 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 are set out below.

Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent charity Rochdale and District Mind together with all entities controlled by the parent charity (its subsidiaries) and the Group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 March 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the Group’s financial statements from the date that control commences until the date that control ceases.

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the Group balance sheet at cost plus postacquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

20

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES (continued)

Going Concern

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

Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

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 probably 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 donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distributions, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Earned income is measured at the fair value of the consideration received or receivable for services and goods supplied, net of discounts and VAT.

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.

21

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES (continued)

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.

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:

Leasehold improvements 15% on written down value Plant and equipment 33 1/3% on cost Fixtures and fittings 20% on cost Computers 33 1/3% on cost Office and miscellaneous equipment 33 1/3% on cost

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.

Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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).

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.

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.

22

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

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.

Provisions

Provisions are recognised when the charity has a legal or constructive present obligation as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.

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.

Retirement benefits

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

23

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES (continued)

Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

Fundraising activities

In 2023-24, Rochdale and District Mind retained the services of a fundraising consultant for part of the year to help diversify its income, and it employed a part-time fundraiser to deliver community fundraising and facilitate networking events.

In addition, the charity did allow individuals and other organisations to fundraise on its behalf through platforms like JustGiving. For example, events are sometimes organised to raise money for Rochdale and District Mind. Most of the donations are received through platforms such as JustGiving and Stripe and occasionally by cheques. Should cash be received it is banked within the same week upon receipt.

Rochdale and District Mind is registered with the Fundraising Regulator and adheres to its “Fundraising Policy”. Rochdale and District Mind did not use any of the personal identifiable information it holds on staff, clients, or members for its fundraising purposes. Also, it did not share this information with any other organisation.

Group financial statements

The financial statements consolidate the results of the charity and its wholly owned subsidiary, Rochdale & District Wellbeing Café Ltd, on a line-by-line basis.

2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

In the application of the Group’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.

Judgements and estimates are made by the Trustees in allocating support costs between restricted and unrestricted funds. They are also made when ascertaining depreciation methods and rates applicable to fixed assets.

3. INCOME FROM DONATIONS AND LEGACIES – GROUP AND PARENT

Donations and gifts Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
17,678
1,391
19,069
13,901
-
13,901

24

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

4. INCOME FROM CHARITABLE ACTIVITIES – GROUP AND PARENT

Development activities, counselling & volunteering
Advocacy services
Provision of supported work & training
Analysis by fund
Unrestricted funds
Restricted funds		 2024
2023
£
£
1,298,052
1,317,984
94,304
94,304
141,778
138,042
1,534,134
1,550,330
447,859
699,288
1,086,275
851,042
1,534,134
1,550,330

5. INVESTMENT INCOME – GROUP AND PARENT

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 7,479 2,221

6. OTHER INCOME

Room hire
Management charge to subsidiary
Total per charity
Less eliminated on consolidation:
Management charge
Intra-group recharges
Add subsidiary other income
Total per group		 Unrestricted
funds
Unrestricted
funds
2024
2023
£
£
353
-
9,927
-
10,280
-
(9,927)
-
(839)
-
931
-
445
-

25

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

7. CHARITABLE ACTIVITIES

Staff costs
Depreciation and
impairment
Other cost
Share of governance costs
Total per charity
Less eliminated on
consolidation:
Intra-group recharges
Total per group
Analysis by fund - charity
Unrestricted funds
Restricted funds
Analysis by fund - group
Unrestricted funds
Restricted funds		 Development
Activities,
Counselling &
Volunteering
2024
Advocacy
Services
2024
Provisions of
Supported
Work &
Training
2024
Total
2024
Total
2023
£
£
£
£
£
933,231
80,610
122,257
1,136,098
1,043,513
60,159
-
7,881
68,040
52,771
135,200
12,475
20,471
168,146
441,927
1,128,590
93,085
150,609
1,372,284
1,538,211
47,584
4,110
6,234
57,928
45,324
1,176,174
97,195
156,843
1,430,212
1,583,535
-
-
(839)
(839)
-
1,176,174
97,195
156,004
1,429,373
1,583,535
299,406
16,585
67,955
383,946
878,845
876,768
80,610
88,888
1,046,266
704,690
1,176,174
97,195
156,843
1,430,212
1,583,535
299,406
16,585
67,116
383,107
878,845
876,768
80,610
88,888
1,046,266
704,690
1,176,174
97,195
156,004
1,429,373
1,583,535

26

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

8. TRADING SUBSIDIARY

Turnover
Cost of sales
Gross profit
Administration expenses
Other income
Net profit before and after tax		 2024
2023
£
£
90,028
-
(38,521)
-
51,507
-
(52,438)
-
931
-
-
-

Management charges of £9,927 payable to the charity (2023: £Nil) and other income of £839 (2023: £Nil) are eliminated on consolidation.

Fixed assets
Current assets
Creditors due within one year
Total net assets
9. EMPLOYEES
a
The group payroll costs are as follows:
Salaries
Social security costs
Employer pension contributions		 1,428
-
25,135
10
(26,553)
-
10
10
2024
2023
£
£
1,050,353
953,318
68,636
74,145
17,109
16,050
1,136,098
1,043,513

No employees earned more than £60,000 in the year (2023: one employee earned between £70,001 and £80,000).

Remuneration & benefits
c
The average number of employees during the year was:		 136,193
216,689
Number
Number
51
43

10. TRUSTEES

None of the trustees (or any persons connected with them) received any remuneration during the year, but one trustee invoiced the charity a total of £1,750 (2023: one trustee invoiced £10,560) in relation to work on the charity’s policies.

All payments are in line with and adhere to the Articles of Association of the charity.

27

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

11. GROUP AND PARENT NET INCOMING RESOURCES
This is stated after charging:
Auditor's remuneration:
Audit fees
Non-audit fees
Depreciation of tangible fixed assets		 2024
2023
£
£
5,400
4,560
3,500
1,440
68,182
52,771

12. TANGIBLE FIXED ASSETS

GROUP
Cost
At 1 April 2023
Additions
Disposals
Transfers
At 31 March 2024
Depreciation
At 1 April 2023
Charged in the year
Eliminated on disposal
Transfers
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Leasehold
improvements
Plant and
equipment
Fixtures
and
fittings
Computers
Office and
miscellaneous
equipment
Total
£
£
£
£
£
£
71,664
170,014
184,426
104,053
-
530,157
-
1,570
2,217
18,605
120
22,512
(71,664)
(100,282)
-
(61,500)
-
(233,446)
-
-
7,489
-
9,662
17,151
-
71,302
194,132
61,158
9,782
336,374
67,230
143,155
54,169
90,264
-
354,818
-
16,950
38,712
12,302
218
68,182
(71,664)
(100,282)
-
(61,500)
-
(233,446)
4,434
(2,181)
(1,199)
(702)
9,244
9,596
-
57,642
91,682
40,364
9,462
199,150
-
13,660
102,450
20,794
320
137,224
4,434
26,859
130,257
13,789
-
175,339

28

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

12. TANGIBLE FIXED ASSETS (continued)

CHARITY
Cost
At 1 April 2023
Additions
Disposals
Transfers
At 31 March 2024
Depreciation
At 1 April 2023
Charged in the year
Eliminated on disposal
Transfers
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Leasehold
improvements
Plant and
equipment
Fixtures
and
fittings
Computers
Office and
miscellaneous
equipment
Total
£
£
£
£
£
£
71,664
170,014
184,426
104,053
-
530,157
-
-
2,217
18,605
120
20,942
(71,664)
(100,282)
-
(61,500)
-
(233,446)
-
-
7,489
-
9,662
17,151
-
69,732
194,132
61,158
9,782
334,804
67,230
143,155
54,169
90,264
-
354,818
-
16,808
38,712
12,302
218
68,040
(71,664)
(100,282)
-
(61,500)
-
(233,446)
4,434
(2,181)
(1,199)
(702)
9,244
9,596
-
57,500
91,682
40,364
9,462
199,008
-
12,232
102,450
20,794
320
135,796
4,434
26,859
130,257
13,789
-
175,339

13. INVESTMENTS

3. INVESTMENTS
2024 2023
% Shares % Shares
Name of Subsidiary Trading activity held held
Rochdale & District Wellbeing Café Ltd Unlicensed cafés 100 100

14. DEBTORS

4. DEBTORS
Trade debtors
Amount due from subsidiary
Other debtors
Prepayments and accrued income		 Group
2024
Group
2023
Charity
2024
Charity
2023
£
£
£
£
24,848
999
24,778
999
-
-
9,877
-
5,459
-
429
-
6,335
8,933
6,335
8,933
36,642
9,932
41,419
9,932

29

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

15. CREDITORS : amounts falling due within one year

Other taxation and social security
Deferred income
Trade creditors
Amounts owed to subsidiary
Other creditors
Accruals		 Group
2024
Group
2023
Charity
2024
Charity
2023
£
£
£
£
24,460
-
15,596
-
30,767
15,000
30,767
15,000
41,204
-
34,450
-
-
-
-
10
4,788
3,474
3,730
3,474
53,158
99,401
53,158
99,401
154,377
117,875
137,701
117,885

16. PROVISIONS FOR LIABILITIES

Heat and light
Lift provision
Legal and professional fees
Movements on provisions:
At 1 April 2023
Unwinding of provision
At 31 March 2024		 Group
2024
Group
2023
Charity
2024
Charity
2023
£
£
£
£
5,244
7,836
5,244
7,836
-
45,414
-
45,414
-
231
-
231
5,244
53,481
5,244
53,481
Heat and light
Lift provision
Legal and
professional
fees
Total
£
£
£
£
7,836
45,414
231
53,481
(2,592)
(45,414)
(231)
(48,237)
5,244
- -
5,244

The charity had unknowingly not been charged for electricity used in one of its cafés for a number of years. It is expected that the utility company will request payment at some point and therefore the trustees have provided for an estimate of the obligation existing at the balance sheet date.

The wellbeing centre lease has expired and should the charity exit this lease they are responsible for repair and decoration. The largest element being a lift which is now at the end of its useful life. The lift was repaired in the year and therefore the provision released.

NOTES TO THE FINANCIAL STATEMENTS

30

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

17. DEFERRED INCOME

17. DEFERRED INCOME
Deferred income
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024
18. RETIREMENT BENEFIT SCHEMES
Defined contribution schemes
Charge for the year in respect of defined
contribution schemes		 Group
2024
Group
2023
Charity
2024
Charity
2023
£
£
£
£
30,767
15,000
30,767
15,000
2024
2023
2024
2023
£
£
£
£
30,767
15,000
30,767
15,000
15,000
357,224
15,000
357,224
(15,000)
(357,224)
(15,000)
(357,224)
30,767
15,000
30,767
15,000
30,767
15,000
30,767
15,000
Group
2024
Group
2023
Charity
2024
Charity
2023
£
£
£
£
17,109
16,050
17,109
16,050

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

31

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

19. RESTRICTED FUNDS

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Secure Commissioning & Childrens
Advocacy at Bury
Henry Smith – Dementia
Thrive Creative & Integrative
Therapy
Listening Lounge
MASH
Bounce Back
Domestic Abuse – New Burdens
Eric Wright
Listening Lounge Middleton
Hoarding
National Mind – Young People
Sport Co-ordinator
TOG – PSW
Connect 5
Living Well
TOG – Menopause
TOG – DTOC Navigator
Capital Funds Set Aside
Advocacy Redevelopment Fund
Physical Activity Initiative Fund
World Mental Health Day Event
Get Active for Life
Women Safe Space
Compleat Rochdale
Compleat Middleton
Dementia Link Work Project
Growth Project		 Movement in funds
Balance at 1
April 2023
Incoming
resources
Resources
expanded
Transfers
Balance at 31
March 2024
£
£
£
£
£
19,362
94,304
(97,195)
-
16,471
6,596
37,252
(39,685)
-
4,163
8,527
31,280
(40,358)
551
-
42,458
195,371
(191,006)
-
46,823
4,563
43,261
(47,170)
-
654
16,489
-
(399)
(16,090)
-
9,325
36,352
(27,096)
(18,581)
-
880
40,500
(42,465)
1,085
-
21,794
133,172
(132,470)
-
22,496
3,130
-
(217)
(2,913)
-
-
9,302
(7,015)
(2,287)
-
7,852
1,391
(917)
(8,326)
-
9,239
83,411
(60,015)
-
32,635
2,730
1,170
-
(3,900)
-
48,932
153,864
(138,380)
-
64,416
-
10,046
(3,004)
(7,042)
-
-
50,000
(41,167)
(8,833)
-
23,043
-
-
(23,043)
-
7,748
-
(6)
(7,742)
-
6,279
-
-
(6,279)
-
785
-
-
(785)
-
10,721
-
-
(10,721)
-
1,806
-
-
(1,806)
-
-
53,272
(58,989)
5,717
-
-
54,602
(59,413)
4,811
-
-
27,405
(28,687)
1,282
-
-
31,711
(30,612)
-
1,099
252,259
1,087,666
(1,046,266)
(104,902)
188,757

Restricted funds are specified by the funder for a particular use, such restricted funds include:

Listening Lounge is a safe space where trained professionals help individuals struggling with their mental health. The restricted funds in relation to this are to be used for Listening Lounge expenditure only, including the recruitment of staff.

TOG - PSW is a peer-support programme aimed a delivering practical and emotional support, this service will be brought into Living Well in the future. The restricted funds in relation to this are to be used for the TOG PSW expenditure, specifically in Bury and Rochdale, only, including the recruitment of staff and the associated programme overheads.

Living Well allows individuals to have access to various physical and mental wellness practitioners under one roof, with a peer support worker by their side. The restricted funds in relation to this are to be used for Living Well expenditure only, including the recruitment of staff.

32

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

At 31 March 2024:
Tangible assets
Current assets/ (liabilities)
Provisions
At 31 March 2023:
Tangible assets
Current assets/ (liabilities)
Provisions
At 31 March 2024:
Tangible assets
Investments
Current assets/ (liabilities)
Provisions
At 31 March 2023:
Tangible assets
Investments
Current assets/ (liabilities)
Provisions		 GROUP
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
£
£
£
137,224
-
137,224
529,481
188,757
718,238
(5,244)
-
(5,244)
661,461
188,757
850,218
GROUP
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
£
£
£
171,681
3,658
175,339
339,009
248,601
587,610
(53,481)
-
(53,481)
457,209
252,259
709,468
CHARITY
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
£
£
£
135,796
-
135,796
10
-
10
530,899
188,757
719,656
(5,244)
-
(5,244)
661,461
188,757
850,218
CHARITY
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
£
£
£
171,681
3,658
175,339
10
-
10
338,999
248,601
587,600
(53,481)
-
(53,481)
457,209
252,259
709,468

33

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

21. UNRESTRICTED FUNDS

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated finds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Designated funds
General funds
Previous year:
Designated funds
General funds		 GROUP
At 1 April
2023
Incoming
resources
Resources
expanded
Transfers
At 31 March
2024
£
£
£
£
£
25,000
-
-
(25,000)
-
432,209
563,489
(464,139)
129,902
661,461
457,209
563,489
(464,139)
104,902
661,461
At 1 April
2022
Incoming
resources
Resources
expanded
Transfers
At 31 March
2023
£
£
£
£
£
155,000
-
(130,000)
-
25,000
468,209
715,410
(748,845)
(2,565)
432,209
623,209
715,410
(878,845)
(2,565)
457,209
Designated funds
General funds
Previous year:
Designated funds
General funds		 CHARITY
At 1 April
2023
Incoming
resources
Resources
expanded
Transfers
At 31 March
2024
£
£
£
£
£
25,000
-
-
(25,000)
-
432,209
483,296
(383,946)
129,902
661,461
457,209
483,296
(383,946)
104,902
661,461
At 1 April
2022
Incoming
resources
Resources
expanded
Transfers
At 31 March
2023
£
£
£
£
£
155,000
-
(130,000)
-
25,000
468,209
715,410
(748,845)
(2,565)
432,209
623,209
715,410
(878,845)
(2,565)
457,209

The designated funds that were set aside at the prior year-end to refurbish a self-contained unit taken on in the lease in the prior year have been transferred to general unrestricted funds as the charity no longer wishes to go ahead with this.

22. RESERVES POLICY

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergencies. The trustees consider that the minimum level of reserves should be equivalent to 6 months expenditure plus an element for planning to look for replacement for expired / withdrawn funding streams. Based on the budget for 2024-25, this indicates a level of unrestricted reserves of around £975,000.

34

Docusign Envelope ID: F55BC534-9D40-4498-86E8-A098AC634F5F

ROCHDALE AND DISTRICT MIND YEAR ENDED 31 MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

23. OPERATING LEASE COMMITMENTS

At the reporting end date the group and 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
In over five years		 Group
2024
Group
2023
Charity
2024
Charity
2023
£
£
£
£
51,582
50,381
51,582
50,381
46,452
59,611
46,452
59,611
-
2,497
-
2,497
98,034
112,489
98,034
112,489

24. 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 Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

25. RELATED PARTIES

The only disclosable related party transaction is the services provided by a trustee as set out in note 10.

The charity has taken the exemption from disclosing transactions entered into with wholly owned subsidiaries.

26. CASH GENERATED FROM OPERATIONS

Surplus/ (deficit) for the year
Adjustments for:
Investment income recognised in SOFA
Depreciation and impairment of tangible fixed
assets
Movements in working capital:
(Increase) in debtors
Increase in creditors
Increase in provisions
Increase/ (decrease) in deferred income
Cash generated from/ (absorbed by) operations		 Group
2024
Group
2023
Charity
2024
Charity
2023
£
£
£
£
140,750
(17,083)
140,750
(17,083)
(7,479)
(2,221)
(7,479)
(2,221)
68,182
52,771
68,040
52,771
(26,710)
(685)
(31,487)
(685)
20,735
67,272
4,049
67,282
(48,237)
(11,447)
(48,237)
(11,447)
15,767
(342,224)
15,767
(342,224)
163,008
(253,617)
141,403
(253,607)

27. NET DEBT ANALYSIS

The charity and group had no material debt during the year.

35