NORTH STAFFS MIND (A company limited by guarantee) REPORT AND FINANCIAL STATEMENTS Year Ended 31 March 2024 *ADH8HD2G• 0411212024 COMPANIES HOUSE A18
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Company Registration No. 02294089 Registered Charity No. 700788
North Staffs Mind CONTENTS CHARITY REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEES, ANNUAL REPORT STATEMENT OF TRUSTEES, RESPONSIBILITIES IN THE PREPARATION OF FINANCIAL STATEMENTS 14 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTH STAFFS MIND 15 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) 18 BALANCE SHEET 19 STATEMENT OF CASHFLOWS 20 ACCOUNTING POLICIES 21 NOTES TO THE FINANCIAL STATEMENTS 25
North Staffs Mind CHARITY REFERENCE AND ADMINISTRATIVE DETAILS CHARITY REFERENCE AND ADMINISTRATIVE DETAILS Charity Number.. 700788 Company Number.. 02294089 Chair. Jonathan Phelan Vice Chair.. Mark Poulson Chief Executive.. Kate Boundy Company Secretary: Kate Boundy Trusteeslcompany Directors.. Linda Holt Neil Dingley Amy Spruce (resigned 07106124) Susan Moffat Mark Poulson Susan Davies Kishore Chandiramani James Aberley Lynne Ingram Darren Kempson {resigned 12105123) Jonathan Phelan Stuart Fisher Sarah Burns Key Management Personnel.. Kate Boundy, Chief Executive Deb Smith, Head of Services Laura Colclough, Head of HR Jane Considine, Head of Finance Audilors.. Deans (Staffordshirel Limited, Gibson House, Hurricane Court, Hurricane Close, Stafford, ST16 1GZ Bankers.. National Westminister Bank Plc, 1 Upper Market Square, Hanley, Stokeon-Trent, ST1 1QA Registered Office: 83 Marsh street, Hanley, Sloke-on-Trent, ST15HN Status: North Staffs Mind is a company limited by guarantee. It is a registered charity and govemed by the provisions of its Memorandum and Articles of Association. Page 1
North Staffs Mind TRUSTEES, ANNUAL REPORT The trustees are pleased to present their report together with the audited financial ststements of the charitable company ("the charity") for the year ended 31st March 2024. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the current statutory requirements, the requirements of the charitable company's goveming document and the provisions of the Statement of Recommended Practice applicable to charits'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies underthe Companies Acl 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted, DIRECTORS AND TRUSTEES The directors of the charity are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The trustees seNing during the year and since the year end were as follows.. Neil Dingley Linda Holt Amy Spruce (resigned 07106124) Susan Moffat Mark Poulson Susan Davies Kishore Chandirarnani James Aberley Lynne Ingram Darren Kempson (resigned 12105123) Jonathan Phelan Stuart Fisher Sarah Burns STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document North Staffs Mind is a company limited by guarantee and does not have any share capital. It is a non-profit making organisation and registered charity govemed by its Memorandum and Articles of Association. Organisation and appointment of trustees The Board is made up of 12 elected members (trustees). The Board meets at least 4 times per year. Decisions are taken by a majority vote and the Board appoints a Chief Executive to manage the day to day operations of the organisats'on, ensure that the organisation meets its aims and objectives, provide leadership to the organisation and take responsibility, alongside the trustees and the senior management team. for strategic development and planning. Page 2
North Staffs Mind TRUSTEES, ANNUAL REPORT Trustee induction and training The charity recognises that its board needs a diverse range of skills, experience and knowledge to run the organisation effectively. New trustees are recruited to North Staffs Mind based on the use of adverts, word-of-mouth and personal recommendation. A skills matrix is maintained to ensure the board understsnds its collective skills set, identifies any key areas that are lacking and how these are best addressed - whether through training or recwitment. The Board has an active succession plan. All potential new trustees meet the Chief Executive and Chair to gain insight into the organisats'on and the expectations and obligats'ons of the trustee role. Following this they are invited to observe at Board meets'ng to ensure they understsnd the commitrnent required before taking on a trustee role. There is a comprehensive induction process in place which includes information on roles and responsibilities of trustees, good governance reference material including a generic trustee role description and information about the charity's structure and remit. The induction pack is reviewed and updated every hvo years to capiure current good praclice in governance, trustee board development 2nd planning, and is available electronically. Policies on dealing with conflicts of interest and inductionltraining are included in the pack and an active conflicts register maintained. An information sheei is distributed to all new trustees, and annually to existing trustees, to identify speafic areas where information or support is required to carry out the role and consider options relating to trainingllearning styles. Refresher training on roles and responsibilities is provided on regular basis. An annual away day is organised for trustees to consider collectively key strategic issues which could influence and impact upon the future direction of the organisation to inform annual and stralgic planning. North Staffs Mind complies with the principles of the national Charity Governance Code. Rlsk management The trustees acknowledge their responsibility for managing risk and regularly give consideration to the major risks to which the charity is exposed and Ihe implementation of robust systems to mitigate these risks. The Risk Subcommittee is responsible for overseeing the organisations strategic risk register and reports to Board on significant new or escalaling risks. The subcommittee comprises of trustees, NS Mind's Head of serViS, Head of HR and the Chief Execulive. The subcommittee ensures that the strategic risk register is regularly reviewed and updated and reviews new and escalating risks. Each meeting focuses on an operational area at each meeting with the Servi lead in attendance. This is helping to ensure risk is integrated into all of our work. The subcommittee reports to our main Board. We have ensured a number of measures are in place to mitigate the financial resilience risk including establishing a diverse range of income generating acbvities to ensure we maximise income raising opportunities. Page 3
North Staffs Mind TRUSTEES, ANNUAL REPORT Princi al risks and UnrtaIntieS Trustees consider the principal risk faced by North Staffs Mind to be.. Financial Sustainability - North Staffs Mind operates a number of large contracts which, if not renewed, would have significant impact on the cost base of the organisation. Our income conlinues to be affected by financial uncertainty and n$traintS- in particular fundraising and paid Servi income. OBJECTIVES AND ACTIVITIES The objectlves of the charlty to promote the preseatIon of mental health by Wor.ng with and supporting people with mental ill-health to feel enabled and empowered to live with and manage their mental health; and to relieve the needs of people with mental ill-health by working to increase understanding of mental heallh, raising awareness and challenging stigma and discrimination In order to achieve these objectives, it is the charity's policy to offer a comprehensive range of appropriate services. The service offer is under constant review to ensure it continues to meet the changing needs of local people. Conn•etlng Mlnd• We bring people together to make chae in their communiti•s. .Our Vlslon Supportlng Mlnd• We liftrLlion9in9 5¥PPQrt. W• won't glv• up untll •v•ryon• exp"•rlonelng a mèntal health prgbi•m g•t8 both •upport and. r•gpe¢t. Ch•nglng Mlnd• Wt spe•k out and demand better from poiicyrnaker5 the public. Enga9lng Mlnd• W• •rtiv•ly •n9•9* our supporter¥ and local ¢¢mftlunities with wofk EqultabLe Mlnds We offer equats.ty OF •¢¢•ss to our s•rvic+s jobs •nd opportuniti Page 4
North Staffs Mind TRUSTEES, ANNUAL REPORT STRATEGIC REPORT ACHIEVEMENTS AND PERFORMANCE Despite the challenging circUmstanS in which we continue to operate, 2023-24 was a very successful year for North Staffs Mind. This is due to the hard work and dedication of the whole team. During the year we supported 9,500 local people through our service offer. In addition, there we over 2.500 visits to the Speak Up Space website seeking online resources and onward signposting. We also provided support via our NS Mind website (analytics unavailable 2023-24) which means that we reached out to over 10.000 people.during the year Our financi81 performance exceeded our expectations with fundraised income ahead of budget and through a number of grants awarded during the year. In the spring of 2024, our leadership team began providing leadership support to our neighbours at Mid Cheshire Mind and began a due diligence exercise as we actively explored a merger. Mid Cheshire Mind was the smallest organisation within the Mind Federation. This opportunity met North Staffs Mind's growth aspirations and we are looking foThvard to expanding our service reach into Cheshire through this rnerger. We advanced our new HQ build aspirations as we completed a stakeholder engagement exercise to understand the hopes and aspirations for the new premises from a wide range of local people and service users. Our architects have used this feedback to create plans and we completed the necessary surveys required to accompany these to Ihe planning departrnent. Our Service Offer 'North St8ffs Mind aims to empower people to develop independence whilst supporting their mental health, wellbeing, and broader needs. The organis8tion is always looking for ways to ensure the are positive outcomes forits beneficiaries, often resulting in collaborative working. signposting to organisations who are better equipped to support peoples needs and continuously adapting Sernicegc8tlng new ServIS to meet client need., North Staffs Mind MQM Report September 2022 Service managers share a round up of their work and achievements of the year Page 5
North Staffs Mind TRUSTEES, ANNUAL REPORT Adult Counselling Service Ange Williamson Over the last 12 months our team has continued to evolve and develop. We offer the following: Paid for service - affordable counselling with low waiting times. Corporate service- aimed at reducing staff absence and raising motr'vation and wellbeing. A limited free sep4ice - initially delivered by our placement studenis. certain clients have needed sessions with our more experienced therapists due to the complexity of need. One to one support for our housing clients. Supervision for internal and external front Ilne staff members. De-briefs for businesses following on site incidents or illness. During the year we also formed a new grouplpeer supervision group for NS Mind counsellors to boost our support and development offer, This is for our counsellors who work primarily extemally and are not experiencing the full social side of work interactions. During 2023-24 we delivered.. 347 Referrals 1256 Ses&ons 420 Internal supervisions 184 External supervisions Over 100 positive outcomes In the next 12 months we plan to offer more placements opportunities for local university students as we continue to support the development of the next generation of counsellors and also enhance our talent pipeline for future vacancies. Ange Williamson - Adul Service lead 'My proudest achievement during 2023-24 was the continual growth of the adult team and theirability to leam and evolve by supporting the seNice and adapting to new ways of working., Coun8e115ng for Wellbelng pathways The Counselling for Wellbeing (formally Non-IAPT) pathway supports adult clients referred into the NHS Talking therapies service across the Stoke and Staffordshire areas. The pathway offers one to one counselling sessions both remotely and face to face to accommodate client need. In January 2023 a new additional pathway was launched that focuses on providing support for clients slruggling with recurrent anger issues. This year across the pathways we have: Received 1297 new referrals. Ended with 1515 clients. Offered 9077 sessions. While a relatively small sample all client satisfaction forms have been 100 % positive and there have been no complaints in 2023124. There were several new developments in 2023-24. Alongsidethe launch of the new anger pathway a new referral criteria was launched in September 2023 to ensure referral suability and reduce wait times. A new booking system for Stoke-on Trent clients was also implemented in November 2023 again to redu client wait ts'mes and to bring more alignment in the way of working across the 3 NHS areas we operate in. Page 6
North Staffs Mind TRUSTEES, ANNUAL REPORT There have been a number of staffing changes over the past year including the introduction of new Project Co-ordinator in June 2023, the introducts'on of 6 new anger project workers into the Servi and the reduction in team size on the CFW pathway due to non-recurrent funding reaching an end. From a monitoring and reporting perspective despite operating a service for several years this is the first time where we have statistics for the whole year from the NHS to report back on and a new narrative report was introduced in January 2024. The service has also been rebranded as 'Counselling for Wellbeing, as the IAPT service branded itself as 'Talking Therapies, in June 2023. servi lead lan Bradshaw 'Reflecting on a year of transition l am most proud of the team's ability to continue to delivera high-quality client focused seNice despite staff dUCtIOnS and a change in projectlgad., Houslng Servlce Colene Boskovic Our supported housing Servi continues to support residents in the local community. Additionally, floating support continues to be offered to those in general needs tenancies with other landlords who are struggling due to mental ill health. During 2023-24 the team supported 75 people 2023124 saw us implement a new housing management IT system which enables us to better manage our properties and the associated compliance requirements. Housing Manager Colene Boskovic 'Raising awareness of our service to organisations thal didn't previously know we exist8d has resulted in an increase in referrals and the forging of some gat partnerships. At a team level I'm proud that we have now migrated to an '8lmost' entirely digital service, petty cash has gone and been replaced by more St amlined, auditable processes and for the lirst time we've successfully challenged Housing Benefit decisions Trsulting in wiping out a significant amount of debt for one sident. There were lots more 'wins' throughout the year and so much more to be achieved in the coming year. It really is an exciting time for our housing See1, Schools Servlce Llsa Woolrich Our team are working in 42 schools, delivering hNo service offers.. One-to-one counselling to students who are attending a variety of educational settings. This includes mainstream primary, secondary schools and specialist settings. As a commissioned service, we work closely with the schools to ensure that we are meeting the individual needs of their students and adapting our provision to meet the expectations of the individual settings. School supervision enables us to support staff members who work within complex roles such as safeguarding and pastoral teams. We provide supervision to 8 schools, 3 ofwhich are not currently accessing our student provision. In 202312024 we supported 1726 young people, offered 7742 sessions in 39 schools. We also delivered 4 spot purchases, additional provision to schools, and delivered 69 supeNision sessions. 1000/0 of our primary school and secondary clients would recommend our service to other students. 1000/0 of our link workers would recommend our serlice to other schools. Page 7
North Staffs Mind TRUSTEES, ANNUAL REPORT We are aware that schools are experiencing financial pressures, with budgets becoming increasingly limiled. As a service we are keen to further evidence the impact of our services on both students and staff. We have asked our schools, along with the Termly reports that they receive, if they are interested in receiving case studies. Some of the school's have agreed thal this will provide further information for them to offer to SLT members. As a result, some schools are now receiving a TelY case study. An example of a case study is below: Presenting Condition Anxiety, Self-Esteem, Low Mood, Anger, Suicidal Thoughts Vvhich Goal or ROM was used? CORS Score at the beginning of therapy Score at the end of therapy 14 Did this client end on a positive outcome Yes Interventions I Counselling Modalities used Integrative, CBT based strategies l interventions,. Creative strategies l intep4entions. Other professionals working with this client, if applicable School. CAMHS,. Social Care. How many sessions were attended 16-20 Referral completed to another service, this may include a Step Up to CAMHS I Safeguarding Client was awaiting CAMHS appointment. Referral was done by school. If Safeguarding was an issue, which report was completed Both a Cause for Concern and a Safe Plan. Feedback from this client at the end of therapy I wish I could have carried on working with you, but I do understsnd that we have to end now that l am going to CAMHS. Feedback from any professional, if applicable. Client seems to be a lot more settled at school. Any other relevant information Client ended therapy due to CAMHS intervention. Client recently attended a drop-in session as CAMHS ended after one session with her. Client is now back on CAMHS waiting list due to telephone calls from the school. Client will continue with ad hoc drop4n sessions with myself. Page 8
North Staffs Mind TRUSTEES, ANNUAL REPORT Schools are incredibly busy environments,. it is evident that school staff and studenls a navigating a range of complex issues. My team continues to rise to unexpected challenges, offering an ethical service to children and young people, from Cannock, Lichfield, Stoke-on-Trent, North Staffordshire and Crewe. They balance lone working, school settings, connecting with other team members and being part of the NSM community. l am incredibly proud of them. Ma¢¢a8 Project Our Maccas Project youth project provides school workshops and drop-in sessions throughout the local area. Nina Mashouri-mollart CYP Supported- 2305 School Workshops Delivered - 87 Drop-ins Delivered - 11 Unfortunately, we lost Amy our Sen4ice Manager who went on to new ventures, but again credit to the team who carried on and provided an excellent service. Feedback from schools and young people as always is positive with workshop dates being snapped up by schools as quickly as we offer them. Maccas, Schools and Training senlices have all gotten together to collaborate on a CYP Suicide & Self harm Awareness workshop for professionals, after feedback received form school staff asking for support. We now have a half4ay training workshop that the training team are delivering along with one of our CYP Managers, which we have delivered to several hOOlS and Stoke Council staff with more already booked in the training diary. Maccas have also collaborated on creating a suite of CYP Suicide workshops with Ruff & Ruby. due to be rolled out imminently with a member of the Maccas team co-facilitating. Speak Up Space Online webchat and resources for children and young people. Deb Smlth STATS: Chats - 256 Web Visitors- 2352 In February 2024 SUS was taken out of the Stay Well contract and we dropped down to 3 evenings per week form 5. Despite uncertain times the staff and volunteers rallied and adjusted to ensure that we could still offer the servi. New promotional malerials and social media campaigns were created alongside a push from both our school's team and Maccas team, in schools. As we are no longer tied to funding constraints and postcode areas, we have opened the seprfice offer to Cheshire. Gemma Williams Project lead: .1 am proud of how the Speak up Space team have adapied to changes made to the seNice hours, we continue to work as a team and support each other so that we can provide the best possible support for the young people who access our service. Page 9
North Staffs Mind TRUSTEES, ANNUAL REPORT The team continue to provide excellent support to service users, many of whom are struggling in challenging circumstances and tell us that they value having someone lo chat to when they need it. On this service, the team never know what to expect when a young person starts a chat, l am proud of their flexibility and skill at supporting each unique interaction. Children and Young People Service- Stay Well Deb Smlth We work with Changes and the Dove Service to provide a commissioned wellbeing service to children and young people living in Stoke in Trent. CYP Supported - 824 Sessions offered- 1503 Posikn've outcomes - 820/0 DNA rate- 8°/. Extra contacts outside of sessions - 3223 Pants Supported - 30 A challenging e1ve months with more complex cases coming through due to wait times for CAMHS reaching an all time high, and the aftereffects of the pandemic making Iheir mark. A lack of resilience for both young people and families is very apparent with anxiety being one ofthe main presents'ng issues. Our main achievements this year.. Maintaining quality and keeping wait limes to a minimum without full staffing capacity. The return of a valued member of the team back to full capacity after overcoming her battle with Canr. Having the contract extended to March 2025 Group peer 8UPPOrt Sarah Leak• STATS: Group Sessions Delivered - 106 Drop-ins Delivered - 112 Number ofAttendances- 358 In October Sarah Leake joined our team as our new Adult Group Co-ordinator. Sarah has been busy ensuring equality and diversity are offered throughout all ourgroups and drop-ins and looking to bring new ideas to fruition. We trialled two library drop-ins last year for an 8-month period, one in Newcastle and one in Biddulph. While the Biddulph one has proved effective, to the point that we are looking to move the group to bigger and better premises, the Newcastle drop-in did notget the footfall and we made the decision to postpone in that area with a view to sourcing a more accessible, community venue, later. Sarah Leake.. 'Communication is productive. beeen Group leaders and coordinator. Longest standing Group Support To'gether have agreed to monthly workshops to introduce more structure, the benefits of, with an aim to enhance confidence, improve overall mental health for the individual in a group setting. Contact made with social prescribers, nurturing those relationships, a work in progress. Development of new Bereavement group has already had attendan in its first week. Page 10
North Staffs Mind TRUSTEES, ANNUAL REPORT Public Benefrt The trustees have referred to the guidan contsined in the Charity Commission's general guidance on public benefit when reviewing North Staffs Mind's aims and objectives and planning future activities. In particular, the twstees consider how planned activib'es will contribute to the aims and obj'ectives that have been set. The trustees believe that the charity meets the principles relating to charities and public benefit described in the Charity Commission guidance and that this Trustees, Annual Reportdemonstrates the charity's conlribution to the prevents'on and treatment of mental ill health among the people of North Staffordshire through the provision of supported housing, counselling serVIS and the promotion of social activities through social support groups and befriendinglffEntoring activity. Fundralslng North Staffs Mind complies with the regulatory standards for fundraising. It is registered with the Fundraising Regulator and committed to the Fundraising Promise and adherence to the Code of Fundraising Practice. In the last financial year, it cost North Staffs Mind over£2million to deliver its range of mental health services.. North Stafts Mind is registered with the Fundraising Regulator and complies with all the relevant standards set out in the Code of Fundraising Practice. safeguards.are in place with suppliers and those who fundraise on the charity's behalf to ensure ongoing compliance and maintain reputation in the local community and beyond. A complaints policy clearly explains how an individual can complain. No complaints regarding fundraising activities were received in the financial year 2023-24. There is a duty to report to the Fundraising Regulator on the totality of complaints. As a provider of mental health services, North Stsffs Mind aims to ensure that our fundraising meets the needs of the whole community. It is a signatory of the Fundraising Preference Service to enable individuals to opt out from receiving fundraising communications. Plans for the futur• "We have shared a glimpse of the exciting future for North Staffs Mind within this report through updates about our new HQ building and merger with Mid Cheshire Mind. Both are massively exciting and will help the organisation to reach our charitable objectives in the coming years. We know that the landscape remains challenging with finance and funding opportunities impacted whilst demand for our ServIS continues to grow we will continue to rise to this challenge and I am confident that our amazing team of staff, volunteers and Board members will strongly position us to be able to maximise opportunities as they are presented. We will also continue to be an active member of the Mind Federation- sharing best practice with our peers. Working in collaborats.on with other organisations will also continue to be key to our Sucss. Never has the tem stronger together been of more relevance." Kate Boundy. Chief Executive Page11
North Staffs Mind TRUSTEES, ANNUAL REPORT Financial review A Statement of the Financial Activities of the charity is given on page 18. The total incoming reSoUrS for the year amounted to £2,469.645 (2023: £2,122,432) and £2,238,505 (2023." £2,023,483) was dispensed in direct pursuance of the charitsble objectives ofthe company. There were net incoming resources of£231,140 (2023.. £98,949). This has been added to the fund values brought forward at the beginning of the financial year, and the total of fund balanS at 31 March 2024 was £1,433,871 {2023'. £1.202,731). The charity reviews its expenditure commitments on a regular basis and has implemented a programme of cost improvements to address the ongoing sustainability of a number of its operations going forward. Premises at Marsh Street are ststed at their 1999 valuation figure. A re-valuation was undertaken during 2007 and this indicated a material difference beeen the value of the company's assets and the amount at which they are stated in the accounts at that point in time. The Marsh Street premises continue to operate at full capacity. Trustees will continue to be provided with opportunities to reflect on the charity's future premises, requirements- and a current exercise sees us creating plans to redevelop the site. A decision will then be taken as to whether and if so, when to incorporate the full value of head Off accommodation. Investments during the year, which were interest bearing deposits with the Charilies Official Investment Fund, were acquired in accordance with the powers contained in the company's governing instrument and with the provisions of the Charities Act 2011. The total grants for the year, after transfers to deferred income, were £1,364,549 (2023.. £1,339,240). Grants from Public Sector Organisations totaled £1,144,218 (2023.. £1,101,470) and represent 84Q/o of toial incoming resources. There were no capital commitments at the balance sheet date and, in the view of the trustees, the funds held at 31 March 2024 were available and adequate to bjlfill its existing obligations. Through prudent financial management of North Staffs Mind, the majority of services and projects during the year remained within budget. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation thal the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the accounting policles. Reserves policy The trustees have reviewed the reserves policy and have agreed that the level of reserves is assessed annually in order to mitigate current and future risks as well as enabling North Staffs Mind to achieve its objectives. As at 31 March 2024, the actual reserves were £1,433,871. The amount required to meet contractual obligalions is £271,067 and a further £69,261 relates lo the designated fund requirement. The difference tseeen the actual reserves and free reserves is £1,093,543, which predominantly relates to the organisation's investment in long-term assets. Designated funds relate to service improvement and development (£3,000), Marsh Street Development {£20,570) and refurbishment of 30 Stanley Street (£45,691). Page 12
North Staffs Mind TRUSTEES, ANNUAL REPORT Flnanclal value of volunteerJ Volunteers make a significant contribution to the work of North Staffs Mind. supporting the charity to deliver both Counselling and the Tuesday social support group, and as trustees and in other roles. Volunteer counsellors support the charity to deliver counselling sessions for adults and childrenlyoung people, and volunleers within Community Support Services were involved in befriendinglmentoring relationships and helped run social support group activity. We couldn't achieve as much as we do without the invaluable support of our team of dedicated volunteers. Powers ol investment The trustees are authorised by the Memorandum of Association to invest monies not immediately required for the charity's own purposes in such investments, securities or property as they deem fit, subject to any conditions required by law. Auditors The Auditors, Deans, will be proposed for re-appointment at the forthcoming Annual General Meeting. CHANGES IN FIXED ASSETS . The movement of fixed assets during the year is detailed in note 11 to the financial statements. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the directors (Trustees) are aware, there is no relevant information of which the company's auditors are unaware. Additionally, the directors have taken all necessary steps that they ought to have tsken as directors in order to make themselves awa of all relevant audit infomation and to establish that the company's auditors are aware of that information. This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and in accordance with the provisions applicable to companies entitled to the small companies exemption. Signed on behalf of the trustees.. Jonathan Phelan Chair Date: 'l(k QLTh%3uL 2024 Page 13
North Staffs Mind STATEMENT OF TRUSTEES, RESPONSIBILITIES IN THE PREPARATION OF FINANCIAL STATEMENTS The trustees (who are also directors of North Staffs 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 ACpIed Accounts'ng practi}. 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 reSoUrs, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are reqUId lo.. select suitable accounting policies and then apply them consistently- obseNe the methods and principles in the Charities SORP 2019 (FRS 102); make judgements and estimates that are reasonable and prudent, state whether applicable UK Accounting Standards have been followed, subject to any malerial departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume thal the charitable company will conlinue in operation. 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 detects'on of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit information of which the charitable company's auditor is unaware: and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. This report was approved by the trustees on .4 OGoiSCIL 2024 and signed on their behalf by.. Jonathan Phelan Chair Page 14
North Staffs Mind INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTH STAFFS MIND Opinlon We have audited the financial statements of North Staffs Mind (the 'charitable company'l for the period ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparats'on is applicable law and United Kingdom Accounts'ng Standards (United Kingdom Generally Actspted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and applicats'on of resources, including its income and expenditure, for the period then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS (UK)) and applicable law. Our responsibilities underthose standardsare further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent ofthe charitable company in accordance wilh 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 ¢oncem 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 UnrtaIntieS relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going conrn for a period of at least te1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report Other Infomiation The trustees are responsible for the other infomation. The other infomiation comprises the information included in the Annual Report, other than the financial ststements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otheDNise explicitly stated in our report, we do not express any form of assuran conclusion thereon. In connection with our audit of the financial ststements, our responsibility is to read the other infomation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detennine whether this gives rise to a material misstatement in Page 15
North Staffs Mind INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTH STAFFS MIND the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infonnation, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the infomiation given in the Report of the Trustees is inconsistent in any material respect with the financial statements,. or the charitsble company has not kept adequate accounting records., or the financial statements are not in agreement with the accounting records and returns: or we have not received all the infonatIon and explanations we require for our audit. Responsibilitles of trustees As explained more fully in the Statement of Trustees, Responsibilities, the twstees (who are also the directors of the charitable company for the purposes of company lawl 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 truslees determine is necessary to enable the preparats'on ol 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 charitable company's ability to continue as a going concern, disclosing, as applicable, matters rel8ted10 going concem 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 altemative but to do so. Our r•sponslbilitles for the audlt ol the financlal statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and port in accordance with the Act and relevant regUlaOnS made or having effect thereunder. Our objectives are to obtain asOnable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is nota guarantee thatan 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 fi'nancial statements. The extent to which our procedures a capable of detecting irregularities, including fraud is detailed below.. We assessed the susceptibility of the company's financial ststements to material misstatement. including obtaining understanding of how fraud might occur, by.. making enquiries of management as to where Ihey considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud., considering the internal controls in place to mitigate risk of fraud and non-compliance with laws and regulations. Pag8 16
North Staffs Mind INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NORTH STAFFS MIND To address the risk of fraud through management bias and override of controls, we: performed analytical procedures to identify any unusual balances, variances or unexpected relationships. assessed whether judgernents and assumptions made in detemining the accounb.ng estimates were indicative of potential bias. investigated the rationale behind significant or unusual transactions. and specifically tested the controls around banking payments In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included. but were not limited to: agreeing financial statement disclosures to underlying supporting documentation., enquiring of management as lo actual and potential litigation claims., reviewing correspondence with HMRC and other relevant regulators. There are inherent limitats'ons in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than Ihose that arise from error as they may involve deliberate concealmenl or collusion. A further descripts'on of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklaudilorsresponsibilities. This description forms part of our Report of Ihe Independent Auditors. Use of our report This report is made solely to the charitable company'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 charitable company's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Jeremy G Hodgkiss (Senior Statutory Auditor) Deans Chartered accountants Statutory auditor Eligible to acl as an auditor in terms of Section 1212 of the Companies Act 20( Gibson House Hurricane Court Hurricane Close Stafford ST16 1GZ Date: 1¢ 2024 Page 17
North Staffs Mind STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT> for the year ended 31 March 2024 Note Unrestricted Funds Restrlcted Funds Totsl Funds 2024 Total Funds 2023 INCOME FROM.. DonatSons and legades Charltable artivittes., Grants receivable Property service char8es- houslnB beneflt, rent and svpporting people External training Other tradlnt actlvltles: Miscell3neou5 Income Invéstment In¢ome 141,488 141,488 74.484 1,312,222 S2,327 1.364.549 1,339,240 865.050 34,983 865.050 34.983 651,463 30,368 47.690 IS,88S 47.690 IS.885 24,468 TOTAL INCOME 2,417,318 52,327 2,469,645 2,122.432 EXPENDITURE ON. Charltable a¢tivllie$: Adult counselling Children's counselling Housing Community support servir£$ External training 920,222 588,670 605,539 21,970 43,714 18,000 39,521 938,222 628.191 805,539 22,839 43,714 872,C67 604,897 471.658 28,303 46,558 869 TOTAL EXPENDITURE 2,180.115 58,390 2,238,505 2,023,483 NET INCOME AND NET MOVEMENT IN FUNDS 17 237,203 (6.063) 231,140 98,949 RECONCILIATION OF FUNDS.. Total funds broughi fOard 1,170,525 32,2¢ 1,202,731 1,103,782 TOTAL FUNDS CARRIED FORWARD 17 1,407,728 26,143 1,433,871 1.202.731 All income and expenditure derlves from continuing activities. All gains and losses recognised in the year have been dealt with in the Statement of Financial Activities. The notes on pages 21 to 41 fomi part of the financial statements. Page 18
North Staffs Mind BALANCE SHEET At 31 March 2024 Note 2024 2023 FIXED ASSETS Tangible assets 11 477,989 410,124 CURRENT ASSETS Deblors Short temi deposits Cash at bank and in hand 12 13 14 160.096 503,843 582,432 192,561 250,000 581,355 1,246,371 1,023,916 CREDITORS. Amounts falling due within one year 15 (290,489 (231.309) NET CURRENT ASSETS 955,882 792,607 NET ASSETS 1,433,871 1,202,731 THE FUNDS OF THE CHARITY UNRESTRICTED FUNDS General funds Designated funds 17-18 17-18 1.338,467 69,261 1,092.525 78,000 1.407,728 26,143 1,170,525 32,206 RESTRICTED FUNDS 17-18 TOTAL CHARITY FUNDS 17-18 1.433,871 1,202,731 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements on pages 18 to 41 were approved by the board and authorised for issue "L 2024 and were signed on its behalf by.. Jonathan Phelan Chair Neil Ding ey Treasurer Company Registration No. 02294089 Registered Charity No. 700788 The notes on pages 21 to 41 form part of the financial statements. Page 19
North Staffs Mind STATEMENT OF CASH FLOWS for the year ended 31 March 2024 Note 2024 2023 NET CASH FLOWFROM OPERATING ACTIVITIES 20 325,172 83,533 CASH FLOW FROM INVESTING ACTIVITES.. Payments to acquire tangible fixed assets Interest reiVed Payment to acquire short term deposits (86,1371 15,885 (253,843) (132,272) 2,409 (250,000) 13 NET CASH FLOW FROM INVESTING ACTIVITES {324,095) {379,863) NET INCREASEI{DECREASE) IN CASH AND CASH EQUIVALENTS 1,077 {296,330) Cash and cash equivalents brought forward 581,355 877.685 CASH AND CASH EQUIVALENTS CARRIED FORWARD 582,432 581,355 CASH AND CASH EQUIVALENTS CONSISTS Cash at bank and in hand 14 582,432 581,355 CASH AND CASH EQUIVALENTS CARRIED FORWARD 582,432 581,355 The notes on pages 21 to 41 form part of the financial statements. Page 20
North Staffs Mind ACCOUNTING POLICIES for the year ended 31 March 2024 The principal accounts'ng policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows. GENERAL INFORMATION AND BASIS OF PREPARATION North Staffs MIND is a company limited by guarantee in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity informats'on on page 1 of these financial statements. The nature of the charity's operations and principal activities are given in the trustees annual report on page 4. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordan with the Charities SORP (FRS 102)-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 IFRS 102) (effective 1 October 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The significant accounting policies applied in the preparats'on of these financial statements are set out below. These policies have been consistently applied to all years presented unless othepwise stated. GOING CONCERN The Trustees have reviewed and approved financial projections including cashflow forecasts for the period lo 31 March 2026. The Trustees believe there are adequate resources which will enable the charity to meet its liabilities as they fall due for Ihe foreseeable future. For this reason, the Trustees have adopted the going concern basis in preparing the financial statements. ACCOUNTING CONVENTION The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearesf £. INCOMING RESOURCES All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled 10 the income after any perf0rnan conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Service charges received in advance are apportioned over the accounting periods to which they relate. Interest receivable on bank deposits is accrued on a daily basis over the period in which it is earned. For donats'ons to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those condits'ons is within the control ofthe charity and it is probable that they will be fulfilled. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is reiVed in exchange for supplying goods and servi$ in order to raise funds and is recognised when entitlement has occurred. Page 21
North Staffs Mind ACCOUNTING POLICIES for the year ended 31 March 2024 Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably, If entivement is not met then these amounts are deferred. LEGACY INCOME For legacies, entitlement Is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion, legacies will be nob.fied to the charity, however, it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. RESOURCES EXPENDED Expenditure is charged on an accruals basis, inclusive of irrecoverable Value Added Tax. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties. it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. Direct charitable activilies expenditure comprises those costs directly incurred in pursuance of the charity's charitable activits'es. These costs are related to the employment of counsellors. the provision and maintenance of furnished housing accommodation. the provision of housing workers, the running of befriending projects and the expenses incurred by volunteer workers in connection with their befriending and other charitable activities. Support costs comprise all services supplied centrally, and include headquarters, staff and office overhead and accommodation expenses. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannol be directly attributed to particular headings they have been allocaled to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Administration costs include the employment C05ls applicable to organisational, as opposed to project, administration and expenses arising Irom compliance with constitutional and statutory requirements, including audit fees. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. All costs are allocated betrween the expenditure categories of the Statement of Financial Activities on 8 basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly. OPERATING LEASES Annual rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. TANGIBLE FIXEO ASSETS Capital expenditure over a value of £500 is capitslised. Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciats'on and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. On transition to FRS 102 the Trustees, have taken the decision to use the valualion at 1999 as the deemed cost of the property. Page 22
North Staffs Mind ACCOUNTING POLICIES for the year ended 31 March 2024 Depreciation is provided at the following annual rates as applied to the cost or valuation in order to write off each asset over its ests'mated useful economic life. Freehold land Freehold buildings Housing furniture and equipment Office furniture and equipment 20A straight line 15°/ 33.30/0 Straight line 33.3°/0 straight line INVESTMENTS Investments cornprising short-term deposits with the Charities Official Investment Fund are stated at cost and are repayable on demand, They are therefore included in the accounts as current assets. DEBTORS Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. CASH AT BANK AND IN HAND Cash at bank and in hand includes cash and short term highly liquid investments repayable without penalty on notice of not more than 24 hours. CREDITORS Creditors are recognised where the charity has a present obligalion resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors are nomally recognised at their settlement amount after allowing for any trade discounts due. FINANCIAL INSTRUMENTS The charilable company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the charitable company and their Measu ment basis are as follows.. Fin8nci81 assets Trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as delailed in note 12. Prepayments are not financial instruments. Cash at bank- is classified as a basic financial instrument and is measured at face value. Financial liabilit18S- trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in note 15. Taxation and social security are not included in the financial instruments disclosure definition, deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument. RETIREMENT BENEFITS The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The amount charged against profits represents the contributions payable to the scheme in respect of the accounting year. Page 23
North Staffs Mind ACCOUNTING POLICIES for the year ended 31 March 2024 FUND ACCOUNTING General accumulated funds are unrestricted funds available to the charity for its general purposes and include, from time to time, funds designated by the charity for particular purposes, the use of any such designated funds remaining at all times at the discretion of the Trustees. Restricted funds are subject to restrictions imposed by the donor or by the specific terms of the appeal under which funds are raised. The cost of raising and administering such funds are charged against the specific fund. The restrictions are binding upon the Charity. TAXATION As a registered charity the company is exempt from liability to corporation tsx on its income from charitable activities and capital 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. JUDGEMENTS IN APPLYING ACOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the Charitable company's accounting policies, the trustees are required to makejudgements, estimates and assumptions about the carrying amounts 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 ests'mates. 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 if the revision affects only that period, or in the period of revision and fulure periods if the revision affects both current and future periods. Freehold Property Freehold land and buildings comprise the company headquarters at Marsh Street, Hanley (cost £141,900. valuation £170,000) and properties held for the provision of housing (cost £238,928). The land and buildings were valued in 1999 by McGarrigle and Company, Chartered Surveyors and Valuers. On transition to FRS 102 the Trustees. have taken the decision to use the valuation at 1999 as the deemed cost of the property. Included in the total land and buildings is £177,500 which relates to land on which no depreciation has been charged. Page 24
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 1 DONATIONS AND LEGACIES Unrestricted funds Unrestricted Funds Restricted Funds Total Funds 2024 Totsl Funds 2023 Donations and Legacies 141488 141488 74,484 2 CHARITABLE ACTIVITIES Charltable activlties for 2024 are made up as follows.. Unrestricted funds Restricted funds Total 2024 Adult Counselling North Staffordshire Combined Healthcare Tru,. Mind (NAMH) Private commissioned work Midlands Partnership NHS Foundation Trust 238,842 238,842 18,000 23,350 558,313 18,000 23,350 558,313 820,505 18,000 838,505 Children's Counselllng Stoke-on-TrenVStaffordshire Schools Mind (NAMH) Private commissioned Work Changes Health & Wellbeing 347,063 347,063 34,047 2,932 141,272 34.047 2,932 141,272 491.267 34.047 525,314 Community Support Services Private commissioned work Mind {NAMH) 450 450 280 280 450 280 730 Property Services charges- housing benefit, rent and supporting people 865,050 865,050 External Training 34,983 34,983 2,212,255 52,327 2,264,582 Pag8 25
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 CHARITABLE ACTIVITIES (CONTINUED) Charitable activities for 2023 are made up as follows.. Unrestricted funds Restricted funds Totsl 2023 Adult Counselling North Staffordshire Combined Healthcare Tru,, Mind (NAMHI Cheshire Police Private commissioned work Midlands Partnership NHS Foundation Trust 276,045 276.045 1,296 11,309 20,803 484,266 1,296 11,309 20,803 484,266 792,423 1,296 793,719 Children's Counselling stoke-on-TrenUSlaffordshire Schools Mind {NAMH) Private commissloned work Changes Health & Wellbeing 324,850 324,850 54,754 4,185 154,250 54,754 4,185 154,250 483,285 54,754 538,039 Communlty Support Servlces Sloke-on-Trent City Council Mind (NAMH) 5,000 5,000 2,482 2,482 5,000 2.482 7,482 Property Services charges- housing benefil, rent and supporting people 651,463 651,463 External Training 30,368 30,368 1,962,539 58,532 2,021,071 Page 26
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 3 MISCELLANEOUS INCOME Unrestncted funds Total 2024 Total 2023 Thinkwell Other 19,410 28.280 24,180 288 47,690 24,468 INVESTMENT INCOME Unrastrlcted funds Total 2024 Total 2023 Interest 15,885 2,409 5 RESOURCES EXPENDED.. CHARITABLE ACTIVITIES 2024 Activities Grant funding ol undertaken activities directly Support Costs Total 2024 Adult counselling Children's counselling Housing Community support services External training 131,605 32,141 487,307 18,180 34,956 622,701 473,439 183,916 938,222 122,611 628,191 118,232 605,539 4,379 22,839 8,758 43,714 280 704,189 1,096,420 437.896 2,238,505 Page 27
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the ear ended 31 March 2024 5 RESOURCES EXPENDED. CHARITABLE ACTIVITIES 2024 (CONTINUED) Adult Children's counselling counselling Housing Communlty support servicei External training Total 2024 Salaries and sodal security Costs Pension contributions Training Travel Advertising and publicity Sessional work Professional insuranc4 Supervision Volunteer expenses Other costs Property costs Depreciation Support costs {see note 8) 698,627 30,444 467,474 18,089 161,289 6,303 15,904 711 32,869 490 1,376,163 56.037 834 730 5.674 13 7,251 1.593 7,077 237 12,108 1,830 20,864 210 67.631 255,728 14.895 437,898 1.679 210 332 1,290 7.777 7,954 4,710 807 1,425 122,611 53,215 24S,677 13,470 118,232 1,597 183.918 4,379 8.758 938.222 628.191 605,539 22,839 43,714 2,238,505 Resources expended on charitable activities for'2024 was £2,238,505 (2023.. £2,023,483) of which £58,390 {2023', £54,790) was attributable to restricted funds and £2,180,115 (2023.. £1,968,693) was attributable to unrestricted funds. RESOURCES EXPENDED.. CHARITABLE ACTIVITIES 2023.. Activities Grant funding of undertaken activities directly Support Costs Total 2023 Adult counselling Children's counselling Housing Community support setw1S External training 129,465 21,387 393,054 17,403 39,723 592.230 480.984 150,372 872,067 102,526 604,897 78,604 471,658 3,418 28,303 6,835 46.558 7,482 601,032 1,080,696 341,755 2.023,483 Page 28
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 5 RESOURCES EXPENDED.. CHARITABLE ACTIVITIES 2023 (CONTINUED) Adult Children's counselling counselling Housing Community support services Exlernal training Tot•1 2023 Salarie$ and soaal securily costs Pension contributions Training Travel Advertising and publicity Sessional wort( Professional insurance Supervision Volunteer expenses Other costs Property costs Depreciation Support Gosls (see note 61 653.250 25.965 8.234 542 455,431 18,443 148,505 5,580 1.250 4.282 22.138 874 32,382 339 1,311,706 61,201 9,484 6,834 1,010 450 920 7,257 202 17,516 7.358 450 1,678 17,875 846 43,122 229,151 10,482 341,756 658 10,618 644 329 900 10,251 4,820 1,141 102,526 10.905 213.192 9,341 78,604 4,121 2,881 150,372 3.418 6,835 872,067 604,897 471,658 28,303 46.558 2,023,483 6 SUPPORT COSTS ALLOCATION 2024 Adult Children's Housing Comm- Counselling Counselling unity support services External training Total 2024 Salaries and social security costs Pensions Training Travelling expenses Office expenses Insurance Professional fees Advertising and publicity 144 Rent 245 Utilities 3,273 Computer sofbware and support 16,014 Repairs and renewals 1,534 Depreciation 1,418 Other 22,314 Goveman 4,466 113,164 4,519 1,422 1,530 9,604 4,269 75,442 72,748 3,012 2,905 949 915 1.020 983 6.402 6,174 2.847 2,745 2,694 108 34 5,389 269,437 215 10,759 67 3.387 73 3.642 457 22,866 203 10.166 229 102 96 163 2,183 10,676 1,022 946 14,876 2.977 92 157 2,105 10,295 986 912 14,344 2,871 342 12 583 155 7.794 763 38,129 73 3,652 68 3,378 1,063 53,128 213 10,633 78 381 37 531 106 183,916 122,611 118,232 4,379 8,758 437,896 Page 29
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 6 SUPPORT COSTS ALLOCATION 2023 {CONTINUED} Adult Children's Housing Comm- Counselling Counselling unity support services Extemal training Total 2023 Salaries and social security costs Pensions 4,073 Training 802 Travelling expenses 479 Office expenses 8,730 Insurance 3,464 Professional fees 3,482 Advertising and publicity 165 Rent 443 Utilities 3,094 Computer Soare and support 16,440 Repairs and renewals 4,566 Depreciation 1,372 Other 7,849 Governance 90,653 61,809 47,387 2,060 4.121 206.030 2,777 547 327 5,953 2,361 2,374 113 302 2,110 11,209 3,113 935 5,351 2,129 419 251 4,564 1,810 1,820 86 232 1,617 8,593 2,387 717 4,104 93 18 185 9,257 36 1,822 22 1,090 397 19,842 157 7,871 158 7,913 376 20 1,007 141 7,032 747 37,363 208 10,378 62 3,117 357 17,840 198 79 79 10 70 374 104 31 179 111 I li 4,760 3,245 2,488 108 216 10,817 150,372 102,526 78,604 3,418 6,835 341,755 The charity allocates its support costs as shown above and then further apportions these costs between the five charitable activities undertaken (see note 5). Support costs are allocated on a basis consistent with the use of resources. 7 NET INCOMING RESOURCES FOR THE YEAR Net incoming resources are arrived at after charging Ihe following.. 2024 2023 Depreciats'on and other amounts written off tangible fixed assets owned Auditors, remuneration: Audit senlices Operating lease.. Land & building Other equipment 18,272 13,599 8,500 9,200 33,473 11,933 10,048 12,834 Page 30
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 8 TRUSTEES AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES In accordance with the governing instwment, no emoluments were paid during the year (2023: £Nil) to the Chair, the directors or any of the trustees. The total amount of employee benefits received by key management personnel is £201,818 (2023.. £175,749). Key management are as disclosed on page 1. Travel expenses of £Nil {2023.' £Nil) have been reimbursed during the year to trustees. 9 STAFF COSTS AND NUMBERS Details of employee costs are as follows.. 2024 2023 Wages and salaries Social secunty costs Pension costs 1,536,474 111,234 66,796 1,414,700 104,269 60.459 1,714,504 1,579,428 The emoluments of one member of staff including benefits in kind are within the range of £60,000 - £69,999 (2023.. None), not including retirement benefits which are accruing under a defined benefit scheme. The average number of persons {excluding trustees) employed, analysed during the year by category, was as follows.. 2024 Number 2023 Number Counselling and Care servIs Housing Project Services Community Support Services Support staff.. Administrationlaccounts Chief executive 67 64 10 10 89 84 Page 31
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 10 PENSION SCHEME The charity operates a defined contribution scheme on behalf of its employees. The pension cost charge for the year represents contributions payable by the charity to the fund and amounted to £66,796 (2023.. £60,459). There were outstanding contributions of£2.477 {2023.' £Nil) at the year end. 11 TANGIBLE FIXED ASSETS Freehold land Office furniture Housing and buildings and equipment fumiture and equipment Total COSTIVALUATION At beginning of year Additions 501,428 21.110 82,781 4,579 116,819 60,448 701,028 86,137 At end of year 522,538 87,360 177,267 787,165 DEPRECIATION At beginning of year Charge for year 145,165 6,478 68,649 3,820 77,090 7,974 290,904 18,272 At end of year 151,643 72,469 85,064 309,176 NET BOOK VALUE At 31 March 2024 370,895 14,891 92,203 477,989 At 31 March 2023 356,263 14,132 39,729 410,124 Freehold land and buildings comprise the company headquarters at Marsh Street, Hanley (cost £141,900 valuation £170,000) and properties held for the provision of housing (cost £238,928). The land and buildings were valued in 1999 by McGarrigle and Company, Chartered Surveyors and Valuers. Assets were valued on the basis of'the market value of the freehold interest in the property in its current physical condition, as defined by the RICS valuation professional Slandards. On transition to FRS 102 the Trustees, have taken the decision to use the valuation at 1999 as the deemed cost ofthe propety. Included in the total land and buildings is £177,500 which relates to land on which no depreciation has been charged. Fixed assets are held for direct charitable purposes. Security enhancements have been included within additions to office furniture and equipmenl. Page 32
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for Ihe ear ended 31 March 2024 11 TANGIBLE FIXED ASSETS (CONTINUED) If the land and buildings had not been induded at valuation they would have been included under the historical cost convents'on as follows.. 2024 2023 Cost Accumulated Depreciation 473,328 138,439 473,328 132,522 Net Book Value 334,889 340.806 12 DEBTORS 2024 2023 Trade debtors Prepayments and accrued income Other debtors 89,163 69,809 1,124 128,350 64,211 160,096 192,561 13 SHORT TERM DEPOSITS 2024 2023 Treasury reserve account 503,843 250,000 14 CASH AT BANK AND IN HAND 2024 2023 Cash at bank and in hand Charities official investrnent fund 458,078 124.354 462,766 118.589 582.432 581.355 Page 33
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 15 CREDITORS: Amounts falling due within one year 2024 2023 Trade creditors Other taxes and social security Accruals Deferred inojme (see note 16) Other Creditors 86,672 22,518 45.934 129,592 5,773 31,054 23,693 21,742 153,476 1,344 290,489 231,309 16 DEFERRED INCOME The movements for the year as follows.. At1 April 2023 ReiVed Released At31 March 2024 Deferred income 153,476 943,591 (967,475) 129,592 Page 34
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 17 STATEMENTOF FUNDS At1 April 2023 Income At31 March 2024 Expenditure Transfers UNRESTRICTED FUNDS General fund 1,092.525 2,417,318 {2,119,238) (52,138) 1,338,467 Designated funds.. Se1 Improvement and Development Marsh Street Development Refurbishment of 30 Stanley St. 3.000 20,000 55,000 3,000 20,570 45.691 (19,430> (41,447) 20,000 32.138 1,170,525 2,417,318 (2,180,115) 1.407.728 RESTRICTED FUNDS C05t of Living Fund SCESS EIIPL Parogon Donation 18,000 34,047 280 (18,000) (39,521) {869) 5.474 589 26,143 26,143 32,206 52,327 158,390) 26,143 TOTAL FUNDS 1,202,731 2,469,645 (2,238,505) 1,433,871 Unrestrlcted Funds The general funds represent the unrestricted funds of the charity that are not designated for particular purposes. The designated funds are as follows.. Service Improvement and Development funding for continuing professional development activity. Marsh Street Development investment in the creation of plans for our Marsh Street fedevelopment project. This will take us to planning and approval and allows us to create a funding strategy for the build phase. Refurbishment of 30 Stanley Street- investment in fUrb1shMent of our residential units at 30 Stanley Street. Page 35
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 17 STATEMENT OF FUNDS (CONTINUED) Transfers £52,138 has been transferred from the general fund to the designated funds as agreed by the board of trustees to ensure that adequate levels of funding are available to deliver the required developments. Restrlcted Funds The restricted funds represent the folli)wing contracts to supply specific services for adults and young people. £18,000 of the restricted funds income relates to funding from Mind (National Association for Mental Health) through the Cost of Living Fund to provide support and counselling services to users of the local food banks. £34,047 of the restricted funds income relates to funding from Mind (National Association for Mental Health) for their SCESS project to provide support to 11-18 year olds through delivering group support and 1..1 guided self help sessions. £280 of the restricted funds income relates to funding from Mind (National Association for Mental Health) for their EIIPL project to embed a wide range of diverse approached in equality, influence and participation to shape the organisation and the services It provides. Page 36
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 17 STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS 2023 At1 April . 2022 Income At31 March 2023 Expenditure Transfers UNRESTRICTED FUNDS General fund 1,060,264 2,037,307 (1,924,443) (80,603) 1,092,525 DeSnated funds. Sep4ice Improvement and Development MACCAS Zone Project Marsh Street Development Refurbishment of 30 Stanley St. 3,000 18.197 20,000 3,000 450 {21 ,388) 2,741 20,000 55.000 (22,862) 77,862 1,101.461 2.037,757 (1,968,693) 1,170,525 RESTRICTED FUNDS cOp Resilience Programme Mind Mentor Project Mlhole School Approach SCESS EIIPL Parogon Donation 23,418 1,296 525 30,811 2,482 26,143 123,418) (3,617) (525) (25,337) (1,893) 2,321 5.474 589 26.143 2,321 84,675 (54,790) 32,206 TOTAL FUNDS 1,103,782 2.122,432 (2,023,483) 1.202,731 Unrestricted Funds The general funds represent the unrestricted funds of the charity that are not designated for particular purposes. The designaied funds are as follows: servi Improvement and Development - funding for continuing professional development acts'vity. Maccas Zone - awareness raising acts'vity supporting the emotional and mentsl health needs of young men. Income during the period was generated from donations, fundraising activities and the Co-op Resilience grant included in restricted income. Page 37
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 17 STATEMENT OF FUNDS (CONTINUED) Marsh Street Development investment in the creation of plans for our Marsh Street redevelopment project. This will take us to planning and approval and allows us to create a funding strategy for the build phase. Refurbishment of 30 Stanley Street- investment in refurbishment of our residential units at 30 Stanley Street, one flat was completed during the year with the other three to follow. Purchase of land - during the year the plot of land adjacent to our Marsh Street office was purchased and will form part of our redevelopment plans. Transfers £2,741 was transferred out of the designated fund allocations in relation to the MACCAS Project as expenditure on this area of work was no longer required as this will now be funded through on going activities. £170.362 has been transferred from the general fund to the designated funds as agreed by the board of trustees to ensure Ihat adequate levels offunding are available to deliver the required developments. Restrlcted Fund8 The restricted funds represent the following contracts to supply specific ser4ices for adults and young people. £23,418 of the restricted funds income relates to funding from Mind (National Associab'on ft>r Mental Health) through the Co-op Foundation to provide funding for our MACCAS project for a period of 12 months, which will support young people through delivering workshops in schools and colleges across Staffordshire. £1,296 of the restricted funds income relates to funding Mind (National Association for Mental Health) through their pilot Mentor Project offering support to employees and line managers. £525 of the restricted funds income relates to funding from Mind (National Association for Mental Health) to carry out Mind's whole school approach to mental health with the cOp Academy Trust. £30,811 of the restricted funds income relates to funding from Mind {National Association for Mental Health) for their SCESS project to provide supportto 11-18 yearolds through delivering group support and 1..1 guided self help sessions. £2,482 of the restricted funds income relates to funding from Mind (National Association for Mental Health) for their EIIPL project to embed a wide range of diverse approached in equality, influence and participatj'on to shape the organisation and the seNices it provides. £26,143 of the restricted funds related to a donation from the Parogon Group where we will complete a piece of work supporting young adults beeen the ages of 18-25. Page 38
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 18 ANALYSIS OF NET ASSETS 8ETWEEN FUNDS Unrestricted Unrostricted funds funds Designated General lunds funds Restricted funds Total Funds Tangible fixed assets Debtors Short tenn deposits Cash at bank and in hand Creditors due within one year 477,989 160,096 503,843 487,028 (290,489) 477,989 160.096 503,843 582,432 1290,489 69,261 26,143 Total net assets 1,338,467 69,261 26,143 1,433,871 18 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 Unrestrlcted Unrestricted funds funds Doslgnated General funds funds Restrlcted funds Total Funds Tangible fixed assets Debtors Short term deposits Cash at bank and in hand Creditors due within one year 410,124 192,561 250,000 471,149 (231,309) 410,124 192,561 250,000 581,355 1231,3091 78,000 32,206 Total net assets 1,092,525 78,000 32,206 1.202,731 19 FINANCIAL INSTRUMENTS 2024 2023 Financial assets measured at fair value through profit or loss Financial assets measured at amortised cost Financial liabilities measured at amortised cost 1,086,275 831,355 131,471 138,382 162,589 54,140 Financial assets measured at fair value through the profit and loss indude cash at bank and in hand and short term deposits. Financial assets measured at amortised cost include trade debtors and accrued income. Financial liabilities measured at amortised cost include trade creditors, accruals and other creditors. Page 39
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 20 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net incomel{expenditure) for year 231,140 98,949 Net interest receivable Depreciation and impainnent of tangible fixed assets (Increase)IDecrease in deblors Increasel(Decrease) in creditors 115,885) 18,272 32.465 59,180 (2,409) 13,599 (13,851) (12,755) 325,172 83,533 21 ANALYSIS OF CHANGES IN NET DEBT 31 March 2023 Cash flows 31 March 2024 Cash and cash equivalents 581,355 1,077 582,432 Total net debt 581,355 1,077 582,432 22 COMMITMENTS There were no capital commitments at the year end (2023.. £nil). Operating lease CL)mmitments with regard to non-cancellable operating leases are as follows.. 2024 2023 Land and bulldlngs Land and buildings Other Other Operating leases which expire.. Within 1 year Within 2-5 years Later than 5 years 37,618 29,372 4,049 7,213 33,572 57,200 4.260 11.262 Page 40
North Staffs Mind NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 23 RELATED PARry TRANSACTIONS There have been no related party transactions. Page41