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2023-03-31-accounts

MIND in Haringey (A company limited by guarantee and a registered charity)

Company No: 02125188 Charity No: 801618

MIND in HARINGEY

Report and Financial Statements

for the Year Ended 31st March 2023

MIND in Haringey

(A company limited by guarantee and a registered charity)

1

MIND in Haringey (A company limited by guarantee and a registered charity)

Page
Reference and Administrative Information 3
Trustees' report 4-10
Independent auditors' report 11-13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the accounts 17 - 26

2

MIND in Haringey (A company limited by guarantee and a registered charity)

Reference and Administrative Information Reference and Administrative Information
Status Mind in Haringey is a charitable company limited by guarantee,
incorporated on 2nd April 1987, and registered as a charity on 8th
June 1989.
Governing document The Company was established under a memorandum of
association setting out its objects and powers and is governed
under the articles of association.
Company number 2125188
Charity number 801618
Registered office and Station House
operational address 73c Stapleton Hall Road
London N4 3QF
Trustees and Directors David Pascall CBE (Chair)
Glynnis Joffe (Vice Chair)
Liz O’Connor (Secretary)
Norman Hamilton (resigned: 14thApril 2023)
David Mosse (retired: 11thMay 2023)
Sheena Pattni (resigned: 25thMay 2023)
Robert Adams (coopted :1stAugust 2022; resigned: 6thApril 2023)
Courtney Brown (appointed 23rdJune 2022)
Ana Reynal (Treasurer) (appointed: 6thApril 2023)
Bankers HSBC Bank plc
88 The Broadway
Muswell Hill
London N10 3RX
Solicitors Rich and Baily
Alexandra House
157 Tottenham Lane
London N8 7BT
Auditors Goldwins Limited
75 Maygrove Road
West Hampstead
London NW6 2EG

3

MIND in Haringey (A company limited by guarantee and a registered charity)

Trustees’ Report 2022 - 2023

The Trustee Board is pleased to present its report and the audited financial statements for the year ended 31st March 2023.

The company was established under a memorandum of association setting out its objects and powers and is governed under the articles of association. A revised memorandum and articles were adopted in December 2004.

The organisation is a charitable company limited by guarantee, incorporated on 22nd April 1987, and registered as a charity on 8th June 1989. The registered charity number is 801618 and company number is 2125188.

Pandemic and its effects

Mind in Haringey continued to function effectively during the pandemic and its aftermath. The Trustees have continued to meet regularly on Teams when necessary and we have been able to meet our obligations for corporate governance.

Going Concern

MiH continues to be a going concern and our finances are in decent shape. At the end of March 2023, the charity was holding unrestricted reserves of £294,481 and a cash balance of £516,293. Although we have lost some income, particularly from fundraising, we have won a considerable number of new bids and have expanded our services and in particular our mental health first aid training which is in great demand.

The Trustees consider that the charity has sufficient unrestricted reserves and cash flow to continue as a going concern for a period of at least 12 months from the date on which these financial statements are signed. For this reason, the accounts have been prepared on the going concern basis.

Organisational structure and decision making

Membership of the organisation is open to all and is free to service users. A small membership fee is required from non-service users. All members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of winding up.

The directors of the company, who are Trustees under charity law, which served during the year and up to the date of this report are as shown above. The Trustees have no beneficial interest in the charitable company and have not received any benefits either from the charitable company or in recognition of being a Trustee. The Trustees manage the business of the charitable company and may exercise all the powers of the charitable company.

The Trustees delegate to the Chief Executive responsibility for the day-to-day management of the company's affairs, within a strategy and budget agreed by the Trustees, and for implementing the decisions and policies agreed by the Trustees.

The Chief Executive is assisted by managers who are each responsible for assigned projects, activities, and functions. The charity holds a service user forum bimonthly to enable service users to contribute ideas towards the running of the charity.

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MIND in Haringey (A company limited by guarantee and a registered charity)

The Trustees Staff and Remuneration Committee annually conducts a skills audit of the Trustees to identify any areas where the Trustee Board needs strengthening.

All newly appointed Trustees receive induction in line with the MiH Induction Policy and are required to attend a training course designed to cover all important aspects of their trusteeship, including legal responsibilities and expectations.

Recruitment and appointment of Trustees

Trustees are elected at Annual General Meetings (AGM) by the members. During the year, the charity also advertises any Trustee vacancies.

Prospective Trustees have a preliminary meeting with the Chair of the Trustee Board and are then interviewed by the Trustees Staff and Remuneration Committee. Following this process, if the skills, knowledge, and expertise of the applicant will contribute to the charity, the individual will be recommended to the Trustee Board for co-option by the other Trustees.

The co-opted Trustee’s term of office is until the next AGM when they must then stand for election.

Trustees are appointed for three years which may be renewed.

The number of Trustees who are current users of the organisation's services shall be less than one half of the total number of Trustees. Greater diversity is also sought across the Trustee Board to match more closely the demographic profile in Haringey.

Key objectives for the future

In 2018 we developed a new mission, set of values and strategic objectives. These objectives are reviewed and modified at an annual Trustees Away Day, and we shall shortly hold an Away Day to review our strategy.

Our Mission

Our mission is to support anyone in Haringey with mental health issues by listening to people, defending their rights, and helping them to lead fulfilling lives.

Our Values

Our Scope of work will be:

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MIND in Haringey (A company limited by guarantee and a registered charity)

Our current strategic aims are:

Strategic Aim 1 - Achieve a well-led, managed, and governed organisation. We continue to take steps to ensure excellent corporate governance and a more diverse Board. We have a talented and committed CEO and executive staff and Six Trustees. We are working with the Cranfield Trust on Board/Executive relationships and the design of our forthcoming Away Day.

Strategic Aim 2 – Have influence on mental health issues in Haringey, be more visible in our community and easily accessible. We have expanded our reach across the borough with the Haringey Wellbeing Network service. We are building on this with access to accommodation in east Haringey to reach further into the more deprived areas of the Borough. We are developing our publicity and improving our profiling as an organization. We continue to develop our core services of mental health wellbeing, advocacy, youth work, counselling, mental health first aid training and suicide prevention. We continue to host the Haringey Suicide Prevention Group (HSPG) which brings together and coordinates suicide prevention work across statutory and voluntary sectors.

Strategic Aim 3 - Expand our counselling and advocacy services and improve our response to people in crisis. We have been able to extend our Advocacy work and our counselling services.

Strategic Aim 4 - Develop effective relationships within Haringey. We are ensuring that MiH listens to people with mental health issues and works with the statutory sector to improve provision in Haringey. Our local MP, Catherine West, continues as our Patron and is incredibly supportive of our work.

Strategic Aim 5 – Improve relationships with local Minds. We are actively engaged with the Mind network where our CEO is Chair of Mind in London for the last two years.

Strategic Aim 6 - Ensure financial viability and income strategy. After years of significant deficits, we are now in a viable position, following a healthy surplus in the last three years. We have rethought our income strategy in recent years, looking at statutory bids, bids from trusts and foundations, income from revenue streams such as mental health training, increased donations as well as running a substantial number of major fundraising events.

6

MIND in Haringey (A company limited by guarantee and a registered charity)

Current services at Mind in Haringey 2023/2024

1)Reach and Connect – ongoing June 2024

A partnership led by Public Voice, Mind in Haringey Vibrance and wise thoughts who deliver an Over 50’s service using community connectors to engage older people.

2)Haringey wellbeing network – ongoing until March 2024

A partnership led by Mind in Haringey with Bridge renewal trust to deliver mental health services and support to community of Haringey. we offer a range of services including wellbeing activities, wellbeing advocacy, social prescribing, Peer support and Mental health training.

3)Project Future ongoing December 2024

A partnership between BEH MHT, Haringey council and other agencies and Mind in Haringey as Charity partner to deliver a holistic mental health service to young men who are at risk or involved in criminality. We no longer deliver this project at Bruce Grove youth club due to Comic relief funding ending in December 2021.

4) Counselling services ongoing partly funded.

Mind in Haringey delivers low-cost counselling, young people’s counselling, Bereavement counselling, BAME counselling.

5) Haringey suicide prevention group ongoing

Mind in Haringey has led /hosted the Haringey suicide prevention group for over 5 years and works in partnership with over thirty organisations in borough to deliver against the Haringey suicide prevention plan.

6) My Ends Home cooked VRU project ongoing until 2024

A partnership led by Bridge renewal trust with Mind in Haringey, Godwin foundation, NLPC and Father 2father to deliver a trauma informed community youth violence reduction project in Tottenham Hale.

7) Safe haven /crisis café ongoing

A partnership between Mind in Haringey, Haringey council, CCG to deliver a peer support model crisis café 365 days of the year from 5-9 pm

8) SMI health checkups service for BAME ongoing December 2024

A partnership between Mind in Haringey and Federation 4 health to deliver health check-ups and support for those with Serious mental illness.

9) NHS charities partnership bid ongoing to December 2023

A partnership with NHS led by Bridge renewal trust.

Mind in Haringey to provide support to young people and those with Long Covid that may experiencing mental health issues.

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MIND in Haringey (A company limited by guarantee and a registered charity)

10) CONEL student support ongoing

Mind in Haringey have been delivering student emotional support for the last four years t students at College of Northeast London.

11) Black thrive Haringey ongoing

A partnership with Black thrives Global, Black thrive Lambeth, Catalyst and Mind in Haringey to address and dismantle racism and discrimination in Mental health.

12) Mental health wellbeing project ongoing

A partnership with Mind in Haringey, Bridge renewal trust and Tottenham talking to work with grassroots organisations to deliver wellbeing activities and peer support across the borough under the Healthy neighbourhood partnership with CCG & Public Health.

13) HIU community care coordinators project Helping hand ongoing.

A partnership with North Middlesex Hospital and Enfield mind working with High intensity users that visit A& E and providing them with support to reduce their visits to A & E

14)Generation girls Haringey funded by Mind ends 31/08/2023

A project funded by Mind to collaborate with young women who are most disadvantaged and provide 1-2-1 and group support increasing their Mental health wellbeing and confidence.

15)Mind in London Self-help pilot funded by mind until September 2025 – partnerships of local minds across London piloting Minds self-help pilot over the next two years to provide more support for those living in London.

16 ) Cost of living crisis project funded by mind until 31[st] March 2024 – a project that supports the community of Haringey with warm space including a weekly breakfast club, food, and fuel vouchers

17) New beginnings funded by NHS young people and children until July 2024 – this is a support group for young care leavers aged 18-30 years old to give them support to transition into adulthood.

18) Brighter futures project funded by Youth futures fund until March 2024 – a partnership between Harris academy, NLPC, Haringey council and Mind in Haringey to explore career pathways for young people and the application of the Gatsby benchmark in Haringey schools.

8

MIND in Haringey (A company limited by guarantee and a registered charity)

Risk statement

The risks to the organisation have been identified, assessed, and reviewed by the Trustees Finance and Audit Committee in a Risk Register which is then reviewed and approved by the Trustee Board.

A robust risk management strategy, outlining the controls and procedures, is in place to deal with potential risks and opportunities, and monitoring processes are used to manage the residual risks. The Risk Register has been revised to include a pandemic and approved by the Trustees.

Related parties

Mind in Haringey is affiliated to Mind (The National Association for Mental Health) Limited; and it has informal relations with some of the other affiliates in London, those in neighbouring boroughs, in matters of common interest.

The Trustees do not consider that there are any 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.

Financial Review

The charity made a surplus for the year of £39,731 (2022 £100,902) and is projecting a further surplus for next year. The unrestricted surplus was £137,730 (2022 £27,965). The total income for the year was £1,449,143 (2022 £1,398,836).

The total expenditure for the year was £1,409,412 (2022 £1,297,934).

The organisation aims to maintain free reserves at a level representing at least three months total expected expenditure. Total reserves and income to be carried forward into 2023 – 2024 are £622,597 of which unrestricted reserves are £294,481. With forecast budget surpluses going forward, unrestricted reserves are equivalent to approximately 13 months of core costs.

In 2016 an overdraft facility of £28,000 was put in place with HSBC. This is a precautionary measure to protect the charity’s finances from phasing impacts of income and expenditure and to provide reassurance in the light of our current low level of reserves. It was not necessary to use this facility during the financial year.

Pensions

The pension scheme is compliant for auto enrolment and all eligible staff have been registered.

Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit,

Auditors

Goldwin’s Limited Chartered Accountants and Registered Auditor will be proposed for appointment in accordance with Section 485 of the Companies Act 2006.

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MIND in Haringey (A company limited by guarantee and a registered charity)

Statement of the Trustees’ responsibilities

The Trustees are responsible for preparing the report of the Trustees and the financial statements in accordance with applicable law.

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the Trustees Board which is supported by the Trustees Finance and Audit Committee is required to:

As far as the Trustees are aware:

Approved by the Trustees Board on 1 6[t h] November 2 0 2 3 and signed by David Pascall CBE (Chair, Trustees Board)

Company Registration No. 02125188

10

Independent auditors’ report to the trustees of Mind in Haringey

Opinion

We have audited the financial statements of Mind in Haringey (the ‘Charity’) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. 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. In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

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Independent auditors’ report to the trustees of Mind in Haringey

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 Charity 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:

Responsibilities of the trustees

As explained more fully in the trusteesʼ responsibilities statement, the trustees 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 they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our 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 auditorʼs 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.

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:

12

Independent auditors’ report to the trustees of Mind in Haringey

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. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditorʼs report.

Use of our report

This report is made solely to the Charity’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 Charity’s members those matters we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

13

MIND in Haringey Statement of financial activities (including an income and expenditure account) For the year ended 31 March 2023

Note
Income from:
Donations
3
Charitable Activities
4
Other Trading Activities
5
Investment Income
6
Total income
Expenditure on:
Fundraising
7
Charitable activities
7
Total expenditure
Net income / (expenditure) for the
year
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
16
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
11,576
190,528
71,372
1,077
274,553
4,928
289,779
294,707
(20,154)
157,884
137,730
156,751
294,481		 Restricted
Funds
£
-
1,174,590
-
-
1,174,590
-
1,114,705
1,114,705
59,885
(157,884)
(97,999)
426,115
328,116		 2023
Funds
£
11,576
1,365,118
71,372
1,077
1,449,143
4,928
1,404,484
1,409,412
39,731
-
39,731
582,866
622,597		 2022
Funds
£
27,835
1,333,569
37,405
27
1,398,836
2,456
1,295,478
1,297,934
100,902
-
100,902
481,964
582,866

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

14

MIND in Haringey Balance sheet As at 31 March 2023

Note
Tangible fixed assets
11
Current assets:
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due
within one year
13
Net current assets
Net assets
14
Funds
Restricted funds
Unrestricted funds:
General fund
Total funds
16		 2023
£
10,812
170,350
516,293
686,643
(74,858)
611,785
622,597
328,116
294,481
622,597		 277,729
533,951		 2022
£
11,862
571,004
811,680
(240,676)
582,866
426,115
156,751
582,866

The financial statements have been prepared in accordance with the special provisions for small companies of the Companies Act 2006.

Approved by the Board of Trustees on 16th November 2023 and signed on its behalf by:

…................................................................................................

David Pascall CBE Chairman, Trustees Board

Company Registration No. 02125188

The attached notes form part of the financial statements.

15

MIND in Haringey Statement of cash flows For the year ended 31 March 2023

Note
Cash flows from operating activities:
Net cash provided by / (used in) operating
activities
17
Cash flows from investing activities:
Interest/ rent/ dividends from investments
Sale/ (purchase) of fixed assets
Cash provided by / (used in) investing
activities
Change in cash and cash equivalents in the
year
Cash and cash equivalents at the beginning
of the year
Cash and cash equivalents at the end of the
year		 2023
2023
2022
2022
£
£
£
£
(17,340)
(106,935)
1,077
27
(1,395)
(2,512)
(318)
(2,485)
(17,658)
(109,420)
533,951
643,371
516,293
533,951

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MIND in Haringey Notes to the financial statements For the year ended 31 March 2023

1. Accounting policies

Basis of preparation

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) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any 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.

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

Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

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.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

17

MIND in Haringey Notes to the financial statements For the year ended 31 March 2023

1. Accounting policies (continued)

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Expenditure is classified under the following activity headings:

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity and its and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

Operating leases

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

Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Debtors

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

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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.

18

MIND in Haringey Notes to the financial statements For the year ended 31 March 2023

1. Accounting policies (continued)

Financial instruments

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.

Pensions

The pension scheme in operation became compliant for auto enrolment purposes on 1st November 2016 and all staff eligible have been registered.

2. Detailed comparatives for the statement of financial activities

Income from:
Donations
Charitable Activities
Other Trading Activities
Investment Income
Total income
Expenditure on:
Fundraising
Charitable activities
Total expenditure
Net income / (expenditure) for the year
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
£
27,835
181,093
37,405
27
246,360
2,456
297,535
299,991
(53,631)
81,596
27,965
128,786
156,751		 Restricted
£
-
1,152,476
-
-
1,152,476
-
997,943
997,943
154,533
(81,596)
72,937
353,178
426,115		 2022 Total
£
27,835
1,333,569
37,405
27
1,398,836
2,456
1,295,478
1,297,934
100,902
-
100,902
481,964
582,866

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MIND in Haringey Notes to the financial statements For the year ended 31 March 2023

3. Income from donations

3.
Income from donations
Donations
4.
Income from charitable activities
Support for Resident
Supports for Afghan Families
Ukraine Crisis Project
Young Black Mind
Federation 4 Health
Counselling
Reach & Connect
Federation 4 Health Peer Support
BAME Therapeutic Service
Black Thrive Haringey
Generation Girls' Haringey
Great Mental Health Project
Hornsey Charity Digital Market
Haringey Police Training
Kick Start
Middlesex Care Coordinator
NHS Charities Inequalities Project
MyEnd (Home Cooked)
Stay Well Winter Campaign Project
Mind Premier League Series
Mental Wellbeing Theme Project
Communication Workers Union
Business Development Project
Suicide Prevention
Fundraising
Digital Transformation System (CRM)
Central Services (Various Grants)
Veteran Project - Zurich
Haringey Wellbeing Network
Project Future
Community Protect
Digital Worker Project
Community Protect/Great Mental Health
Digital Intern
Safe Haven
Training & Consultancy
Heat & Eat Vouchers
Total		 Unrestricted
£
11,576
11,576
Unrestricted
£
-
-
-
-
-
30,962
-
-
-
-
-
-
9,984
43,000
-
-
-
-
-
-
3,750
34,400
-
-
-
1,000
-
-
-
-
-
-
-
-
67,432
-
190,528		 Restricted
£
-
-
Restricted
£
17,333
4,952
5,000
-
32,843
-
82,367
29,497
19,920
90,645
20,000
15,000
-
-
8,011
62,828
6,874
31,750
3,126
-
150,000
-
-
10,000
-
-
-
-
310,581
130,569
-
-
13,094
-
130,200
-
-
1,174,590		 2023
2022
Total
Total
£
£
11,576
27,835
11,576
27,835
2023
2022
Total
Total
£
£
17,333
8,667
4,952
-
5,000
-
-
16,649
32,843
39,412
30,962
42,683
82,367
70,496
29,497
-
19,920
59,760
90,645
83,963
20,000
1,667
15,000
45,000
9,984
-
43,000
-
8,011
11,017
62,828
8,325
6,874
31,750
26,250
3,126
3,126
-
19,000
150,000
-
3,750
27,500
34,400
-
10,000
10,000
-
129
-
3,000
1,000
3,365
-
26,356
310,581
316,960
130,569
256,168
-
25,392
-
11,666
13,094
4,365
-
22,650
130,200
100,387
67,432
88,416
-
1,200
1,365,118
1,333,569

20

MIND in Haringey Notes to the financial statements For the year ended 31 March 2023

5.
Income from other trading activities
Central Services
Fundraising
6.
Income from investments
Bank interest		 Unrestricted
£
27,727
43,645
71,372
Unrestricted
£
1,077
1,077		 Restricted
£
-
-
-
Restricted
£
-
-		 2023
2022
Total
Total
£
£
27,727
16,270
43,645
21,135
71,372
37,405
2023
2022
Total
Total
£
£
1,077
27
1,077
27

21

MIND in Haringey Notes to the financial statements For the year ended 31 March 2023

7. Analysis of expenditure

Basis of
allocation
Staff costs
Direct
Direct costs
Direct
Support costs
Staff time
Audit Fees
Support costs allocation
Governance costs allocation
Total expenditure 2023
Total expenditure 2022		 Cost of
raising
funds
£
-
4,928
-
-
4,928
-
-
4,928
2,456		 Charitable
activities
£
711,296
476,277
-
-
1,187,573
213,491
3,420
1,404,484
1,295,478		 Support
costs
Governance
2023
£
£
96,198
-
807,494
-
-
481,205
117,293
-
117,293
-
3,420
3,420
213,491
3,420
1,409,412
(213,491)
-
-
-
(3,420)
-
-
-
1,409,412
-
1,297,934		 2022
£
797,278
414,839
82,037
3,780
1,297,934
-
-
-
-		 1,297,934
-

Of the total expenditure, £294,707 was unrestricted (2022: £299,991) and £1,114,705 was restricted (2022: £997,943).

22

MIND in Haringey Notes to the financial statements For the year ended 31 March 2023

8. Net income/(expenditure) for the year This is stated after charging:

Depreciation
Auditors' remuneration — audit
Operating lease rentals — property		 2023
£
2,445
2,850
18,500		 2022
£
2,445
2,850
9,144

9. Taxation

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

10. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

10. Analysis of staff costs, trustee remuneration and expenses,
and the cost of key management personnel
2023
£		 2022
£
Salaries and wages 728,323 722,865
Social security costs
Pension costs		 61,109
18,062
807,494		 56,221
18,192
797,278

No employee received remuneration in excess of £60,000 in the year (2022: none).

The total employee benefits including pension contributions of the key management personnel were £120,815 (2022: £166,613)

The charity trustees were not paid or received any other benefits from employment with the Charity in the year (2022: £nil) neither were they reimbursed expenses during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

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

Charitible Activities
Support		 2023
2022
No.
No.
34
45
4
5
38
50

23

MIND in Haringey Notes to the financial statements For the year ended 31 March 2023

11. Tangible fixed assets

Cost:
At 1 April 2022
Additions
At 31 March 2023
Depreciation:
At 1 April 2022
Charges in year
At 31 March 2023
Net Book Value:
At 31 March 2023
At 31 March 2022		 Improvements
of leasehold
premises
£
34,932
-
34,932
26,048
1,269
27,317
7,615
8,884		 Furniture,
fittings and
equipment
£
38,301
1,395
39,696
35,323
1,176
36,499
3,196
2,978		 Total
£
73,233
1,395
74,628
61,371
2,445
63,816
10,812
11,862

All tangible fixed assets are used to fulfil the charity's objects.

12. Debtors

12. Debtors
2023
£		 2022
£
Grants, Contract Income & Other Receivables
Prepayments		 162,967
7,083
300		 266,959
10,419
351
Other Debtor
170,350 277,729

13. Creditors: amounts falling due within one year

13. Creditors: amounts falling due within one year
2023
2022
£
£
Other Creditors
Accruals
Deferred Income		 20,972
9,270
8,723
3,780
45,163
227,626
74,858
240,676

24

MIND in Haringey Notes to the financial statements For the year ended 31 March 2023

14. Analysis of net assets between funds - 2023

Tangible fixed assets Restricted
funds
£
10,812
General
funds
£
-
Total
funds
£
10,812

Current assets		 317,304 369,339 686,643
Current liabilities
Tangible fixed assets
Current assets
Current liabilities
Analysis of net assets between funds -
2022		 - (74,858) (74,858)
622,597
Total
funds
£
11,862
811,680
(240,676)
582,866
328,116 294,481
Restricted
funds
£
11,862
414,253
-
General fund
£
-
397,427
(240,676)
426,115 156,751

15. Pension scheme

The pension scheme in operation is Defined Contribution Scheme. All eligible staffs are registered unto this scheme. Pension contributions owed as at 31.03.23 £Nil (2022: £Nil).

**16. ** Movement in funds 2023
Restricted Funds:
Young Black Mind
Federation 4 Health
Support for Resident
BAME Therapeutic Service
Suicide Prevention
Reach & Connect
Community Protect
Veteran Project - Zurich
Digital Worker Project
Haringey Wellbeing Network
Project Future
Black Thrive Haringey
Safe Haven
Mental Wellbeing Theme Project
Digital Transformation System (CRM)
Generation Girls' Haringey
FederAation 4 Health Peer Support
Supports for Afghan Families
Ukraine Crisis Project
NHS Charities Inequalities Project
CCG Flu Campaign Protect
Great Mental Health Project
Middlesex Care Coordinator
MyEnd (Home Cooked)
Stay Well Winter Campaign Project
Kick Start
Community Protect Great Mental Health
Heat & Eat Vouchers
Total Restricted Funds
Unrestricted Funds
General Fund
Total Unrestricted Funds
Total Funds		 At 1 April
2022
£
1,433
11,640
1,672
17,127
9,273
-
34,944
9,353
4,344
4,999
243,909
38,485
18,409
-
2,820
1,667
-
-
-
-
1,267
9,966
-
5,286
876
-
2,148
6,497
426,115
156,751
156,751
582,866		 Income
£
-
32,843
17,333
19,920
10,000
82,367
-
-
-
310,581
130,569
90,645
130,200
150,000
-
20,000
29,497
4,952
5,000
6,874
-
15,000
62,828
31,750
3,126
8,011
13,094
-		 Expenditure
£
-
(30,956)
(11,189)
(37,007)
(6,489)
(72,841)
-
-
-
(298,594)
(166,700)
(103,620)
(76,677)
(141,998)
-
(11,947)
(20,883)
-
(5,000)
(5,550)
-
(22,113)
(53,250)
(30,392)
(3,876)
(7,806)
(7,817)
-		 Transfers
£
(1,433)
(3,284)
(4,000)
(40)
(1,000)
(9,526)
(34,944)
(9,353)
(4,344)
-
(37,448)
-
(19,530)
-
(2,820)
-
(8,614)
-
-
-
(1,267)
(2,853)
-
(3,175)
(126)
(205)
(7,425)
(6,497)
(157,884)
157,884
157,884
-		 £
-
10,243
3,816
-
11,784
(0)
-
-
-
16,986
170,330
25,510
52,402
8,002
-
9,720
-
4,952
-
1,324
-
-
9,578
3,469
-
-
-
-
At 31
March 2023
1,174,590 (1,114,705) 328,116
274,553 (294,707) 294,481
274,553 (294,707) 294,481
1,449,143 (1,409,412) 622,597
Transfers: These represent the various percentages of Management and Administrative Recharges
of Central Services overheads to Restricted Projects.

25

MIND in Haringey Notes to the financial statements For the year ended 31 March 2023

17. Reconciliation of net income / (expenditure) to net cash flow from operating activities

Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation
Interest, rent and dividends from investments
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
Net cash provided by / (used in) operating activities		 2023
2022
£
£
39,731
100,902
2,445
2,445
(1,077)
(27)
107,379
(187,144)
(165,818)
(23,111)
(17,340)
(106,935)

18. Related Party Transactions

There were no related party transactions during the year (2022: None).

26