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2024-03-31-accounts

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

Registered Charity Number: 801259 Registered Company Number: 02257523

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind))

FOR THE YEAR ENDED 31 MARCH 2024

INDEX Page
Reference and administrative information 1
Trustees' Report 2-10
Auditor's Report 11-15
Statement of Financial Activities 16
Balance Sheet 17
Statement of Cash Flows 18
Notes to the Financial Statements 19-31

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH

(Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2024

Board of Trustees Julie Pal Chair
Tamara Quinn Treasurer
William Buckley
Jonathan Bullock
Ellisha Coates
Liz Curran
Caroline Dobbs Resigned 21/09/2023
Neel Gohil
Henal Parmar Resigned 01/06/2023
Eusta Qin Appointed 01/06/2023
Gary Redhead
Laura Wilson-Brown
Chief Executive Arti Modhwadia Appointed 01/01/2024
Company registration no. 02257523
Charity registration no. 801259
Registered office 309 Lillie Road
London
SW6 7LL
Auditors Sayer Vincent LLP
110 Golden Lane
London
EC1Y 0TG
Bankers National Westminster Bank PLC 25
Shepherds Bush Green London
W12 8PR
Solicitors Anthony Collins Solicitors LLP
134 Edmund Street
Birmingham
B3 2ES

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH

(Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

The Board of Trustees, who act as Directors of the Charity for the purposes of Company Law, and Trustees for charity law purposes, submit their Annual Report and the Financial Statements of Hammersmith and Fulham Association for Mental Health for the year ended 31 March 2024. The Board of Trustees confirm that the Annual Report and Financial Statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice for Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) - Charities SORP FRS102.

Objects

The objects of the Association are:

  1. To work for and promote the preservation and safeguarding of mental health and the prevention and treatment of mental disorders among both adults and children; and

  2. To work for and promote the study of research into mental health and mental disorders and to obtain and make records of and disseminate information concerning the same.

Activities

We are able to meet our objects through a combination of service provision and strategic influencing. Our wide range of services consists of activities which preserve, promote and safeguard individuals' mental health. Some examples of these services are health promotion with young people in schools, community-based activities such as advocacy, advice and information training in the workplace. Our work in strategic influencing further reaches object 1) by putting the voices of people with mental health problems, and our own professional opinions into a wide variety of settings where the design and delivery of services can be influenced for the betterment of people with mental health problems. It is through this work that we are able to meet object 2) by Influencing commissioning bodies and the West London Transformation Board.

Public Benefit

The Association provides services to benefit those with mental health problems. More than 1 in 7 UK adults say their mental health is currently either bad, or the worst it’s ever been and 24% of 16-24 year olds have stated they have been affected by mental health struggles, describing their mental health as either bad or the worst it's ever been. In the UK in 2024, the term ‘How to reduce stress’ is searched on Google once every 10 minutes, on average.

Mental health problems can have a devastating effect on peoples' lives and the goals of the Association are both to prevent mental health problems escalating where this can be avoided and supporting recovery if the mental health problem has become serious. Our projects are in 3 categories:

  1. Preventing mental health problems escalating. These are of public benefit in preventing unnecessary distress for those affected, avoiding unnecessary expenditure in the health and benefits systems and improving the efficiency of the workplace by reducing sickness and staff turnover. Relevant services are:

  2. Education in schools on mental health for both pupils, parents and teaching staff.

  3. Psychoeducation- providing adults and young people with insight into their own mental health and developing a toolkit of coping mechanisms to prevent severe mental health issues.

  4. Crisis alternative services that prevent mental health crises from escalating and divert effectively from statutory services like A&E.

  5. Workplace wellbeing training to ensure employers recognize and support mental health issues in the workplace.

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HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

  1. Supporting people with mental health problems through the secondary mental health system. These are of public benefit in improving the quality of services delivered and aiding recovery through service users having a voice to influence what happens to them. Relevant services are:

  2. Independent Mental Health Advocacy- a form of statutory advocacy for detained patients on wards. The service provides patients with information on their rights and help involve them in decisions concerning their care and treatment under the Mental Health Act 1983.

  3. CBT based interventions in schools- providing young people with an understanding of their mental health, to prevent mental health issues occurring/worsening in adulthood.

  4. Information and Advice- a service that provides support with social issues (often a cause of mental health issues) such as housing, benefits or debt.

  5. Supporting the recovery process. These services are of public benefit in preventing relapse, building wellbeing and, where possible, helping service users move on to independence and away from benefits. Relevant services are:

  6. Counselling (via sub- contracted arrangement) providing solution focused therapy to individuals in housing associations, so that they can address their mental health issues and sustain their tenancies.

  7. SMI health checks- helping those with serious mental illness engage with physical health checks through 1:1 support and assistance at appointments.

All services are carefully risk-assessed to ensure service user wellbeing is a priority and all staff work within safe boundaries to keep all concerned safe. In addition, service users are involved as far as possible in every aspect of the organisation’s activity to ensure services meet their needs through co-production, co-design, coevaluation and consultation. All projects are in line with our objects.

Our workplace training is a service provided to organisations and for which we charge a fee. This income allows us to increase the support we provide to people across the organisation in line with our objectives.

The Board of Trustees confirm that they have referred to the guidance contained in the Charity Commission's guidance on public benefit when reviewing the Association's objectives and in planning activities for the year and future periods.

Achievements and Performance

Message from Arti Modhwadia- CEO

The organisation has experienced significant changes and some sad events over the past year, notably the passing of our previous CEO, Benn Keaveney. Benn has made a lasting impact in building up the charity over the last six years and will be greatly missed. Despite these challenges, we have much to be proud of.

We have fully embraced our strategy, concentrating on our key strategic pillars: sustainability and growth, partnership, and accessibility. At the same time, we have strengthened our cross-cutting themes of communication, innovation, quality, and resilience.

Our income has reached an all-time high, and we have expanded the number of projects to increase our reach and impact. These services include a gardening project for children and young people, a music project that supports young people and promotes mental health, a men's mental health project to address service accessibility, social prescribing for individuals with mental health issues, and an advice service across the triborough to support service users during the cost-of-living crisis.

This year, we have reached over 19,000 service users directly and approximately 35,000 when including those who utilise our directories and mental health TV channel. We were successful in being nominated and subsequently winning an Equity Award for our Shakti Project- a mental health project focusing on using coproduction to create a more accessible NHS for those within the Asian community. We have also been nominated for several awards and won an innovation award for our service The Circle- a crisis alternative for children and young people.

Our senior leadership team has expanded and adapted to ensure we are agile and able to deliver our strategy. We have welcomed a new Director of Youth Services and a new Head of Marketing and Communications. We have also permanently recruited our interim Director of Adult Services who is now

3

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH

(Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

substantive in post. Our efforts have focused on stabilising the organisation over the past year and into the current one, given the key challenges and impacts our staff have faced.

Moving forward, our objectives are clear: to increase the number of people we reach through our services by making our services accessible, to reduce health inequalities and disparities, ensuring that everyone in our boroughs who needs mental health support receives it; to expand services tailored to meet the needs of our local population, with service users co-designing and co-producing these services; and to diversify our income sources, reducing reliance on statutory funding and generating more unrestricted funding through innovation.

We believe this strategic approach for the next year will create a resilient organisation, committed to ensuring that mental health support is available, accessible, relevant and impactful for our community.

Adult Services

This year, our adult services have flourished, providing around 20 diverse support services for individuals aged 18-25 up to older adults. We delivered over 27,000 interventions to more than 4,000 individuals.

Key Achievements:

1. Crisis Support :

2. Advocacy :

3. Information and Advice Services :

We participated in a significant project commissioned by National Mind, working within our ICS footprint to offer self-help support across our 8 boroughs and nationally.

Recognising a significant gap in perinatal support, our project for non-birthing partners has effectively addressed this need.

Future Ambitions:

By focusing on these areas, we hope to enhance the impact of our services and reach a broader audience.

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HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH

(Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Youth Services

Our youth services team has enjoyed an immensely successful year, engaging with over 15,000 young people, including those reached through school assemblies.

Key Achievements:

  1. Growth of the Circle : The Circle is a crisis prevention hub designed to support children and young people before they reach a mental health crisis. From its recent launch, we have successfully aided numerous children and young people in managing their wellbeing through safety plans, effectively diverting them from emergency room visits.

  2. Introduction of WYSA : WYSA utilises AI technology to support children and young people with low-level mental health needs, helping them with self-regulation and improving their mental wellbeing.

  3. Continued School Services : Through our Mental Health Support Teams (MHST) and the Be Kind to Your Mind initiatives, we have continued to provide vital services in schools, reaching over 200 educational institutions.

  4. Mental Wellbeing Improvements : Our efforts have led to significant reductions in anxiety and depression among the youth we serve, contributing to overall improved mental wellbeing.

The Circle has been particularly notable, earning us awards for innovation and multiple service nominations. Our work has garnered media attention, including features in Roman Kemp's documentary "The fight for young lives" and broadcast by the BBC in November 2023.

Future Ambitions:

By building on these achievements and pursuing our future ambitions, we are dedicated to continuing our positive impact on the mental health and wellbeing of young people in our community

Other

All of us at Hammersmith and Fulham Association for Mental Health (HFEH Mind) reaffirmed our mission statement this year to enhance, remedy, maintain and protect the mental health of the residents. We have identified four key values which our projects and initiatives will work to.

These are:

HFEH Mind is committed to providing high quality mental health services works in line with the MQM (Mind Quality Mark) governance framework which has 20 quality standards, all of which must be met by the Local Mind. We are proud to say we passed our latest review in 2021, winning an Excellence Award in promoting positive attitudes towards mental health. Our next review will take place in 2025.

5

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH

(Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW_

Income

The organisation has continued to consolidate its financial position following a period of significant growth specifically achieving income in excess of £3m for the past 3 years.

----- Start of picture text -----
Income
6,000
4,979
5,000
4,356
4,009
4,000
2,795
3,000
2,235
2,000 1,563
1,372
1,000
-
2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
Financial Year
£000
----- End of picture text -----

In 2023/24 HFEH Mind recorded income of £4.98m, a 14% increase on 2022/23 of £4.36m. The increase in income has been attributed to:

In a tough trading environment training and consultancy income has fallen, £71k in 2022/23 to £53k in 2023/24.

Expenditure

Expenditure has increased, utilising restricted reserves carried forward from 2022/23 and with the continued diversification of our service provision.

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HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Expenditure has increased from £4.35m in 2022/23 to £5.53m in 2023/24 or by 27%. Central support costs are in line with this increase and have risen by 25% from £669k in 2022/23 to £834k in 2023/24.

Reserves

With growth in income HFEH Mind has continued to increase its unrestricted reserves.

In the year unrestricted funds increased by £135k, from an opening position of £868k, closing at £1003k as at 31[st] March 2024. The movement includes a defined benefit pension scheme surplus of £11.7k (£10.6k surplus in 2022/23). Designated reserves forms part of the unrestricted reserves decreased from £252k to £165k reflecting utilisation of the legacy provision £59k and a provision for fixed assets of £28k totalling a release to general reserves of £87k.

Over recent years, payment in advance for the Circle and challenges regarding the recruitment of qualified clinical staff for the MHST Youth Services Programme saw an accumulated restricted reserve of £951k carried forward into 2023/24. During the year, with agreement from the funding bodies, we have utilised these reserves reducing the balance to £273k by the end of the year.

Balance Sheet

Year on year balance sheet movements have been as follows:

Hammersmith and Fulham Mind participates in a defined benefit pension scheme administered by The Pensions Trust. This year, the liability has reduced by £10k and the Pension Fund Provision paid off in full that reflected a service deficit payment plan issued by the Pensions Trust involving payment over a ten-year period at an average of £25k per annum.

The Trustees note this liability analysed further in note 16 to the financial statements. The Trustees are aware that the deficit on the scheme will fluctuate with changing market conditions and that their responsibility is to meet the required contribution rates, which are built into the annual budgetary processes of the Charity. The cashflow projections are annually calculated to reflect these continuing service deficit repayments. The Trustees do not consider this deficit to represent an immediate demand on the Charity's funds and do not, therefore, consider that there are any resultant limitations on resources available for general application or on the application of any restricted income funds. The restricted income funds have limitations that mean that they cannot be used to contribute towards any additional resource requirements of the Charity's unrestricted funds arising from the pension scheme deficit. We will continue to review and rigorously monitor our pension fund liabilities.

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HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH

(Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Reserves Policy

Under the requirements of the Statement of Recommended Practice on Accounting and Reporting by Charities, Hammersmith and Fulham Association for Mental Health segregates its funds into those which are restricted and those which are unrestricted. A further description of these funds and how they are further segregated to include the General Reserve is included within Note 17 to the accounts.

Total funds for the Charity as of 31 March 2024 were £1,276k, split between restricted reserves of £273k and unrestricted reserves of £1003K (as at 31 March 2023 total reserves were £1,819k, £952k restricted, £867k unrestricted).

In line with current best practice, the Trustees have, in reviewing Hammersmith and Fulham Association for Mental Health's Reserves Policy, considered the financial impact of those risks identified as part of the ongoing risk management process. The Board of Trustees has agreed that the Association, in addition to any restricted or designated reserves and commitments to, and investment in, tangible fixed assets, should have unrestricted general fund reserves equal to three months of operating costs. This equates to some £862k after an adjustment is made for the West London MHST transferred to a neighbouring Mind organisation and not forming part of HFEH Mind going forward.

Given the variety of funding streams, the Trustees have determined that this would be sufficient to enable the Association to manage any likely eventuality. General reserves of £848k (Unrestricted funds of £1,003k less designated reserves of £165k adding back the pension reserves of £10k) is below the 3 months operating expenditure required by Trustees by £14k. Nevertheless this is an improvement on the position last year with a shortfall of £138k recorded. Over the coming year the Trustees will look to align general reserves to within 3 month operating expenditure.

The Charity has not made any fundraising appeals to the general public during the year, and as a result there has been no outsourced fundraising via professional fundraisers or other third parties. Consequently, the charity is not registered with the fundraising regulator but will look to register in 2024/25. The charity has not received any fundraising complaints in the year.

Plans for future periods

Our future plans include:

Risk Management and Key Policies

The Board of Trustees have overall responsibility for risk management and Trustees review the analysis, assessment and management of risks on a quarterly basis. To assist in the close monitoring of risk the remit of the Clinical and Safeguarding Subcommittee has been expanded to include the systematic review of risk, alongside considerations of strategic direction. Major risks to which the charity is exposed have been reviewed and actions taken in mitigation. The major risks identified include:

and working with those who have low to moderate needs. However, we are seeing more clients with a complex presentation requiring a clinical intervention. To mitigate the risk, we have increased our training offer to staff alongside lunch and learns, lessons learned and workshops. We have a robust set of operational policies and

8

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

managers with expertise who provide support for staff. This has helped staff manage the initial presentation and then effectively signpost.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Hammersmith and Fulham Association for Mental Health is a charitable company (no. 801259) governed by Articles of Association agreed by its members and controlled by a Board of Trustees elected at an Annual General Meeting. Membership of the Association is obtained through application to the Board of Trustees and the decision to accept or reject an application rest with the trustees. Any member is entitled to stand for election as a Trustee at the Annual General Meeting. One third of the Trustees are required to retire automatically each year and to stand for re-election if they wish to continue. The Chair, Vice· Chair and Honorary Treasurer are elected annually at the Annual General Meeting.

The Board of Trustees usually meets between four and six times per year. The quorum for the transaction of business of the Board of Trustees is five. Subject to the objects and powers designated by the Articles, the Board members are empowered to control the business as they deem fit and to appoint new trustees. Trustees are a mix of people with relevant experience, people of standing in the local community and users of the services of the Association. Trustees have received some training in governance and roles and responsibilities. We have three subcommittees:

  1. Resources

  2. Safeguarding and Clinical Risk

  3. Service User- a new addition this year to ensure our service users have a strategic voice and input into the charity

The Board has elected leads in the following areas: Human Resources, Health and Safety, Accommodation, Safeguarding and GDPR.

The Board continues to keep under review risks arising from all areas of operations. The day to day running of the charity is delegated to the CEO who is supported by the senior leadership team, the structure is detailed below. We have a GDPR and several safeguarding leads within the organisation for governance.

----- Start of picture text -----
CEO
Head of
Business Support Director of Youth Director of Adult
Head of Finance Head of HR Marketing and
Manager Services Services
Communications
----- End of picture text -----

Salary Policy for Key Management Personnel

Salaries are set in accordance with our salary policy that takes into account a variety of different factors including, line management responsibility, autonomy, specialism and benchmarking. The Resources Committee oversees and reviews this and other policies in line with Mind Quality Mark. The pay of Key Management personnel is approved by Trustees.

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HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees (who are also directors of Hammersmith and Fulham Association for Mental Health for the purposes of company law) are responsible for preparing the Board of Trustees' Report (incorporating a Directors' 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. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the result of the company for that period.

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

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

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

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.

Approved by the Board on 1st August 2024 and signed on its behalf

Julie Pal Chair

10

Independent auditor’s report

to the members of

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Opinion

We have audited the financial statements of Hammersmith and Fulham Association for Mental Health known as Hammersmith, Fulham, Ealing and Hounslow Mind (the ‘charitable company’) for the year ended 31 March 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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 charitable company 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 Hammersmith and Fulham Association for Mental Health's (known as Hammersmith, Fulham, Ealing and Hounslow Mind) ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

11

Independent auditor’s report

to the members of

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

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 trustees’ 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, except to the extent otherwise explicitly stated in our report, 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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Independent auditor’s report

to the members of

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes 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 charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

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 extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

13

Independent auditor’s report

to the members of

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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Independent auditor’s report

to the members of

HAMMERSMITH AND FULHAM ASSOCIATION FOR MENTAL HEALTH (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

A further description of our responsibilities is available on the Financial Reporting Council’s website at: 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 charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Noelia Serrano (Senior statutory auditor)

18 October 2024

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

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Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2024

For theyear ended 31 March 2024
Note
Income from:
2
3
3
3
4
5
6
6
6
21
Reconciliation of funds:
18
Charitable activities
Net (expenditure) / income before
Movement on Pension Provision
Movement on Pension Provision
Training and Consultancy
Total income
Expenditure on:
Other trading activities
Investments
Adult Services
Youth Services
Total expenditure
Total funds carried forward
Net movement in funds
Total funds brought forward
Charitable activities
Adult Services
Youth Services
Training & Consultancy
Donations and legacies		 Unrestricted
£
18,365
1,759,127
427,847
53,386
18,000
8,707		 Restricted
£
-
361,740
2,332,628
-
-
-		 2024
Total
£
18,365
2,120,867
2,760,475
53,386
18,000
8,707		 Unrestricted
£
78,550
1,301,233
216,619
71,004
19,780
4,184		 Restricted
£
-
441,472
2,223,341
-
-
-		 2023
Total
£
78,550
1,742,705
2,439,960
71,004
19,780
4,184
2,285,432 2,694,368 4,979,800 1,691,370 2,664,813 4,356,183
1,708,242
398,830
54,519		 385,816
2,986,781
-		 2,094,058
3,385,611
54,519		 1,289,509
190,220
63,797		 465,970
2,339,765
-		 1,755,479
2,529,985
63,797
2,161,591 3,372,597 5,534,188 1,543,526 2,805,735 4,349,261
11,675
123,841		 -
(678,229)		 11,675
(554,388)		 10,640
147,844		 -
(140,922)		 10,640
6,922
135,516
867,888		 (678,229)
951,538		 (542,713)
1,819,426		 158,484
709,404		 (140,922)
1,092,460		 17,562
1,801,864
1,003,404 273,309 1,276,713 867,888 951,538 1,819,426

Notes on pages 16 to 31 form part of the financial statements.

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 18 to the financial statements.

16

Company no. 02257523

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Balance sheet

As at 31 March 2024
Note
Fixed assets:
12
Current assets:
13
Liabilities:
14
16
18
Total unrestricted funds
Provision of Pension Liability
Creditors: amounts falling due within one year
Net current assets
Restricted income funds
Unrestricted income funds:
Designated funds
Pension reserve
The funds of the charity:
Total net assets
Cash at bank and in hand
Tangible assets
Debtors
General funds
Total charity funds
Total assets less current liabilities		 £
709,964
1,059,560		 2024
£
164,897		 £
765,526
1,216,592		 2023
£
192,881
164,897
1,111,816		 192,881
1,636,274
1,769,524
(657,708)		 1,982,118
(345,844)
164,897
848,236
(9,729)		 252,341
636,951
(21,404)
1,276,713
-		 1,829,155
(9,729)
1,276,713 1,819,426
273,309
1,003,404		 951,538
867,888
1,276,713 1,819,426

The financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved and authorised for issue by the trustees on 1st August 2024 and signed on their behalf by

Tamara Quinn Treasurer

17

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Statement of cash flows

Statement of cash flows Statement of cash flows Statement of cash flows
For the year ended 31 March 2024
Note
£
£
Net income for the reporting period
(542,713)
(as per the statement of financial activities)
Depreciation charges
72,339
Movement on Pension Provision
(9,729)
Interest, dividends and rent from investments
(8,707)
Decrease in debtors
55,562
Increase / (Decrease) in creditors
311,864
421,329
(121,384)
8,707
(44,355)
(35,648)
(157,032)
1,216,592
1,059,560
Analysis of cash and cash equivalents
At 1 April
2023
Cash flows
£
£
1,216,592
(157,032)
Total cash and cash equivalents
1,216,592
(157,032)
2024
Cash flows from operating activities
Cash in hand
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Net cash used in investing activities
Net cash (used in) / provided by operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of fixed assets		 £
£
17,562
57,852
-
(4,184)
347,809
(181,467)
220,010
237,572
4,184
(199,237)
(195,053)
31,879
1,184,713
1,216,592
Other
changes
At 31 March
2024
£
£
-
1,059,560
-
1,059,560
2023
8,707
(44,355)		 4,184
(199,237)
(121,384)
(35,648)		 237,572
(195,053)
At 1 April
2023
£
1,216,592		 Other
changes
£
-
(157,032)
1,216,592		 31,879
1,184,713
1,059,560 1,216,592
Cash flows
£
(157,032)		 At 31 March
2024
£
1,059,560
1,216,592 (157,032) - 1,059,560

Notes on pages 16 to 31 form part of the financial statements.

18

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

1 Accounting policies

a) Statement of Compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) General Information:

The charity is a private company limited by guarantee, incorporated in England and Wales (company number: 02257523) and a charity registered in England and Wales (charity number: 801259). The charity's registered office is 309 Lillie Road, London, SW6 7LL.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees have assessed that there are no material uncertainties about the charitable company's ability to continue as a going concern.

e) Key judgments and uncertainties

Apart from the provision for the pension scheme liability as noted in the Trustees' Report, the trustees do not consider that there are any other sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

f) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

19

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

i) Expenditure and irrecoverable VAT

j) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the support cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis of staff time attributable to each activity.

k) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

l) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £750. Depreciation costs are allocated to central costs. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

The assets are depreciated at the following rates:

m) Financial Investments:

Basic financial intrustments are transactions that result in the recognition of financial assets and liabilities. The trade and other accounts receivables and payables are accounted for on the following basis:

n) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

o) Cash at bank and in hand

p) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

q) Employee Benefits: Pensions

Hammersmith, Fulham, Ealing and Hounslow Mind ran a Defined Benefit Scheme administered by The Pensions Trust. The Pensions Trust ran a multiple scheme for small organisations involved in social, educational, charitable, voluntary or similar work. The financial position and the income and expenditure of The Pensions Trust are disclosed in its annual financial statements. A shortfall has occurred on this scheme and each participating company in the scheme is required to make good their share of the shortfall. The liability is reduced when payments are made to The Pension Trust. In October 2015, an Auto-Enrolment Workplace Pension Scheme was set up for all employees on a Defined Contribution basis.

r) Short Term benefits

Short term benefits including holiday pay are recognised in the period in which the service is received.

20

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

3
Adult Services
Youth Services
Training & Consultancy
Income from charitable activities
Donations		 Unrestricted
£
1,759,127
427,847
53,386		 £
361,740
2,332,628
-
Restricted		 2024
Total
£
2,120,867
2,760,475
53,386		 Unrestricted
£
1,301,233
216,619
71,004		 2024
Total
£
18,365		 2023
Total
£
78,550
18,365 78,550
Restricted
£
441,472
2,223,341
-		 2023
Total
£
1,742,705
2,439,960
71,004
2,240,360 2,694,368 4,934,728 1,588,856 2,664,813 4,253,669
4
Other Trading Activities
5
Investment Income
Bank Interest income
Unrestricted income in both 2024 and 2023
North West London (local Mind Collaboration)
Rental Income		 2024
Total
£
18,000
-		 2023
Total
£
7,680
12,100
18,000 19,780
2024
Total
£
8,707		 2023
Total
£
4,184
8,707 4,184

21

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

For the year ended 31 March 2024
6a
Total Expenditure
Total Expenditure
6b
Space and Office Costs
Staff related costs
IT Costs
Governance Costs
Other Support Costs
Total Support Costs
6c
Auditor’s fees
Trustee recruitment
Total Governance Costs
Legal and professional costs
Training and Consultancy
Support Costs
Analysis of total expenditure (2023)
Adult Services
Youth Services
Management and Personnel Costs
Analysis of Support Costs
Analysis of Governance Costs
Analysis of total expenditure
Adult Services
Youth Services
Training and Consultancy
Support Costs		 Staff
£
1,446,007
2,216,342
41,619
408,422		 Other
£
332,369
658,884
4,681
425,863		 Support
£
315,682
510,385
8,219
(834,285)		 2024
Total
£
2,094,058
3,385,611
54,519
-
4,112,390 1,421,797 - 5,534,188
Staff
£
1,335,452
1,431,860
50,694
308,444		 Other
£
150,012
708,981
3,290
360,528		 Support
£
270,015
389,144
9,813
(668,972)		 2023
Total
£
1,755,479
2,529,985
63,797
-
3,126,450 1,222,811 - 4,349,261
2024
Total
£
88,569
458,284
38,538
74,815
106,178
14,400
53,501		 2023
Total
£
135,774
319,147
23,505
70,147
30,054
26,040
64,305
834,285 668,972
2024
Total
£
14,400
-		 2023
Total
£
13,440
12,600
14,400 13,440

22

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

This is stated after charging / crediting:

This is stated after charging / crediting:
2024 2023
£ £
Depreciation 72,339 57,852
Operating lease rentals:
Property 114,047 155,961
Other 8,914 8,856
Auditor's remuneration (excluding VAT):
Audit 12,000 11,200

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Operating costs of defined benefit pension schemes		 2024
£
3,662,813
353,959
95,618
21,183		 2023
£
2,771,753
273,534
55,484
25,679
4,133,573 3,126,450

The following number of employees received employee benefits (excluding employer pension costs) during the year between:

£60,000 - £69,999

2024 2023
No. No.
1 2

The total employee benefits including pension contributions of the key management personnel were £370,717 (2023: £308,273), split as follows: Salaries £269,581, Social Security Costs £30,681, and Pensions £8,011.

The organisation paid Nil redundancy costs (2023: £NIL).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £Nil (2023: £nil).

23

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

9 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:


follows:
Adult Services
Support Services
Youth Services
Training and Consultancy		 2024
No.
54
60
1
13		 2023
No.
55
33
1
10
128 99

10 Related party transactions

There were no related party transactions to disclose for 2024 (2023: £nil).

11 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

12 Tangible fixed assets

Tangible fixed assets
Eliminated on disposal
At the end of the year
At the end of the year
At the start of the year
Charge for the year
At the start of the year
Additions in year
At the end of the year
At the start of the year
Cost or valuation
Net book value
Disposals in year		 Leasehold
Improvements
£
118,414
24,486
-		 Fixtures and
fittings
£
53,126
338
-		 Computer
equipment
£
154,093
19,531
-		 Total
£
325,633
44,355
-
142,900 53,464 173,624 369,988
12,751
27,279
-		 26,089
6,848
-		 93,912
38,212
-		 132,752
72,339
-
40,030 32,937 132,124 205,091
102,870 20,527 41,500 164,897
105,663 27,037 60,181 192,881

All of the above assets are used for charitable purposes.

24

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

13 Debtors

he year ended 31 March 2024
Debtors
Accrued Income
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
Trade creditors
Trade debtors
Other debtors
Prepayments
Creditors: amounts falling due within one year
Deferred income
Taxation and social security
Pension provision within one year
Accruals
Deferred income (Note 15)		 2024
£
591,659
114,144
4,161
-		 2023
£
676,445
49,981
38,700
400
709,964 765,526
2024
£
86,050
79,348
55,150
427,431
9,729		 2023
£
127,979
79,535
46,493
80,162
11,675
657,708 345,844
2024
£
80,162
(80,162)
427,431		 2023
£
375,172
(375,172)
80,162
427,431 80,162

14 Creditors: amounts falling due within one year

15 Deferred income

The income deferred relates to amounts invoiced in advance for services to be undertaken in 2024/25.

25

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

he year ended 31 March 2024
Pension Provision > 1year
Pension Provision 2024
£
-		 2023
£
9,729
- 9,729

Hammersmith, Fulham, Ealing and Hounslow Mind ran a Defined Benefit Scheme administered by The Pensions Trust. The Pensions Trust ran a multiple scheme for small organisations involved in social, educational, charitable, voluntary or similar work. The financial position and the income and expenditure of The Pensions Trust are disclosed in its annual financial statements. A shortfall has occurred on this scheme and each participating company in the scheme is required to make good their share of the shortfall. The liability is reduced when payments are made to The Pension Trust. In October 2015, an Auto-Enrolment Workplace Pension Scheme was set up for all employees on a Defined Contribution basis.

17 Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Net current assets
Pension Provision
Net assets at the end of the year		 £
164,897
-
-
Designated		 General
unrestricted
£
-
838,507
-		 Restricted
£
-
273,309
-		 Total funds
£
164,897
1,111,816
-
164,897 838,507 273,309 1,276,713

Comparative Analysis of net assets between funds (2023)

Tangible fixed assets
Net current assets
Pension Provision
Net assets at the end of the year		 £
192,881
59,460
-
Designated		 General
unrestricted
£
-
625,276
(9,729)		 Restricted
£
-
951,538
-		 Total funds
£
192,881
1,636,274
(9,729)
252,341 615,547 951,538 1,819,426

26

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

18 Movements in funds

MHST Wave 9
Total restricted funds
Total designated funds
Pension Reserve
General funds
Designated funds:
MHST West London
Youth Services
Circle Safe Space (Youth)
Crisis Line
Adult Services
My practice my health
Digital Wellbeing Guides
Youth Music
Right to Thrive
Forensic
Restricted funds:
Cost of Living
Total unrestricted funds
Legacy
Unrestricted funds:
Total funds including pension fund
MHST Hammersmith & Fulham
Schools & Colleges Early Support
Mind my home
Know My Mind
Fixed Assets		 At the start
of the year
£
51,822
632,191
196,912
10,366
36,171
-
-
20,096
3,980
-
-
-
-		 Income
£
1,090,915
949,145
159,000
-
30,421
69,647
28,500
5,000
20,000
120,578
27,862
181,800
10,000
1,500		 Expenditure
£
(1,142,737)
(1,308,027)
(159,000)
(196,912)
(40,787)
(105,818)
(28,500)
(5,000)
(40,096)
(124,558)
(27,862)
(181,800)
(10,000)
(1,500)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 At the end
of the year
£
-
273,309
-
-
-
-
-
-
-
-
-
-
-
-
951,538 2,694,368 (3,372,597) - 273,309
192,881
59,460		 -
-		 -
(59,460)		 (27,984)
-		 164,897
-
252,341 - (59,460) (27,984) 164,897
(21,404)
636,951		 -
2,285,432		 11,675
(2,102,131)		 -
27,984		 (9,729)
848,236
867,888 2,285,432 (2,149,916) - 1,003,404
1,819,426 4,979,800 (5,522,513) - 1,276,713

Purposes of restricted funds

Youth Services - Provision of mental health support teams (MHST) in educational settings, funded by the local Clinical Commission Groups of the NHS covering the areas of West London and Hammersmith and Fulham. Following the successful introduction of Safe Spaces in the community, West London NHS Health Trust is funding a pilot to establish a Safe Space for young people (Circle). National Mind funded specific complementary activities in schools and provision of digital services.

Adult Services - Hounslow Borough Council funded a number of mental health projects, Know my Mind, Crisis Line, Forensic and part funders to the My Practice my Health project along with West London NHS Trust. To address the cost of living crisis Catalyst and A2 Dominion are working in partnership to fund the Mind my home initiative. Clear Your Mind is a Hoarding Peer Support Group funded by Hammersmith and Fulham Council. National Mind have funded a Cost of Living Poject and YANA a train the trainer programme for community leaders.

27

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

Purposes of designated funds

The Fixed Assets Fund reflects capitalised equipment purchased by using unrestricted fund or Capital grants where there is no continuing restriction as to use. The balance carried forward is equal to the net book value of the related fixed assets.

In 2018/19 the charity was in receipt of a legacy amounting to £178,989. During 2019/20 £89,529 and 2022/23 a £30,000 were utilised to leave the balance of £59,460 invested in a common operational database for the organisation.

Comparative Movement in Funds (2023)

Comparative Movement in Funds (2023) Comparative Movement in Funds (2023)
At the start
of the year
£
Youth Services
MHST West London
277,010
MHST Hammersmith & Fulham
395,340
Circle Safe Space (Youth)
371,536
Schools & Colleges Early Support Servic
-
Digital Wellbeing Guides
-
Adult Services
Know My Mind
40,939
Crisis Line
-
Forensic
-
My practice my health
-
Clear your Mind - Hoarding
7,634
Mind my home
-
Cost of Living
-
YANA
-
Total restricted funds
1,092,460
51,496
89,460
Total designated funds
140,956
Pension Reserve
(32,044)
General funds
600,492
709,404
1,801,864
Restricted funds:
Total unrestricted funds
Total funds including pension fund
Unrestricted funds:
Designated funds:
Fixed Assets
Legacy
 Income
£
1,249,007
892,717
-
24,889
56,728
48,963
120,578
19,901
129,942
45,422
20,000
17,641
39,025		 Expenditure
and
Movements
in Pension
Provision
£
(1,474,195)
(655,866)
(174,624)
(14,524)
(20,557)
(89,902)
(100,482)
(15,921)
(129,942)
(53,056)
(20,000)
(17,641)
(39,025)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 At the end
of the year
£
51,822
632,191
196,912
10,366
36,171
-
20,096
3,980
-
-
-
-
-
1,092,460 2,664,813 (2,828,195) - 951,538
51,496
89,460		 -
-		 -
(30,000)		 141,385
-		 192,881
59,460
140,956 - (30,000) 141,385 252,341
(32,044)
600,492		 -
1,691,370		 10,640
(1,513,526)		 -
(141,385)		 (21,404)
636,951
709,404 1,691,370 (1,532,886) - 867,888
1,801,864 4,356,183 (4,361,081) - 1,819,426

28

Hammersmith and Fulham Association for Mental Health

(Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

19 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods


each of the following periods
Property Equipment
2024 2023 2024 2023
£ £ £ £
Less than one year 97,000 53,134 6,840 7,200
One to five years 109,083 186,128 20,520 27,360
Total Operating Lease commitment 206,083 239,262 27,360 34,560

20 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

29

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

21 Pension schemes

SCHEME: TPT Retirement Solutions – The Growth Plan

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

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

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

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

Deficit contributions

From 1 April 2022 to 31 January 2025: £3,312,000
per annum		 (payable monthly and increasing by 3% each
year on 1st April)

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

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

Deficit contributions

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

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

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

PRESENT VALUES OF PROVISION

31 March
2024
31 March
2023
31 March
2022
(£s)
(£s)
(£s)
9,543
20,429
32,044
Unwinding of the discount factor (interest expense)
Present value of provision (discounted)
RECONCILIATION OF OPENING AND CLOSING PROVISIONS
Provision at start of period
Deficit contribution paid
Remeasurements - impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Provision at end of period		 31 March
2021
(£s)
127,126
Period
31 March
2024
£
20,429
782
(11,675)
7
-
9,543		 31 March
2020
(£s)
150,628
Period
31 March
2023
£
32,044
606
(11,675)
(546)
-
20,429

30

Hammersmith and Fulham Association for Mental Health (Known as Hammersmith, Fulham, Ealing and Hounslow Mind)

Notes to the financial statements

For the year ended 31 March 2024

INCOME AND EXPENDITURE IMPACT

Interest expense
Remeasurements – impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Contributions paid in respect of future service*
Costs recognised in income and expenditure account		 Period
31 March
2024
(£s)
782
7
-

 Period
31 March
2023
(£s)
606
(546)
-

*includes defined contribution schemes and future service contributions (i.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defined contribution schemes. To be completed by the company.

31 March 31 March 31 March 31 March
2024 2023 2022 2021
% per annum % per annum % per annum % per annum
Rate of discount 5.31 5.52 2.35 0.66

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

SCHEME: TPT Retirement Solutions - The Growth Plan

The following schedule details the deficit contributions agreed between the company and the scheme at each year end period:

DEFICIT CONTRIBUTIONS SCHEDULE

DEFICIT CONTRIBUTIONS SCHEDULE
Year 4
The non-discounted payments will be:
Year ending
Year 1
Year 2
Year 3
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10		 31 March
2024
(£s)
9,729
-
-
-
-
-
-
-
-
-		 31 March
2023
(£s)
11,675
9,729
-
-
-
-
-
-
-
-		 31 March
2022
(£s)
11,675
11,675
9,729
-
-
-
-
-
-
-		 31 March
2021
(£s)
32,170
33,136
34,130
29,295
-
-
-
-
-
-
9,729 21,404 33,079 128,731

31