MIND In Haringey (A company limited by guarantee and a reglstered charlty) Company No: 02125188 Charity No: 801618 MIND in HARINGEY Report and Financial Statements for the Year Ended 31 st March 2024
MIND in Haringey (A company limited by guarantee and a reglstered charlty) Page Reference and Administrative Information Trustees, report Independent audltors, port 10 ststement of financlal activitles 13 Balance sheet 14 Statement of cash flows 15 Notes to the accounts 16
MIND In Harlngey (A company Ilmlted by guarantee and a reglstered charlty) Reference and Administratlve Inforniation ststu$ Mind in Haringey is a drItsb1e cpmpany limit8J by guarantee, Incorporated on 2nd April 1987, and registered as a charity on 8th June 1989. Governlng document The Company was established under a memorandum of assoclatlon setting OLrt its objects and powers and is governed underthe artides of associatton. Companynumber 02125188 Charfty numb•r 801618 Reglstered office and op•ratlonal addre Station House 73c staptOn Hall Road London N4 3QF Tru•toe• and Dlrortor• David Pascall CBE (Chair) (ReSned March. 2024) Glynnis Joffe (VI Chair) (Reslgned September 2023) Liz O'connor (Secretsry) (Reslgned February 2024) Norman Hamllton (Resigned Aprfl 2023) David Mosse (Retired July 2023) shna Pattni (Resigned May 2023) Robert Adams (Resigned April 2023) Courtney Brown (Vice Chair, from October 2024) Ana Reynal reasUrer) (Resigned July 2023) Tom Mc Cabe (Chair from ottober 2024) (Apinted January 2024) Anthony Magee (Secretary from October 2024) (Appointed January 2024) Simon Herbert (freasurer from May 2024) (Appointed January 2024) Caroline Allnut (Appointed January 2024) Tamsin Wallwork (App)inted January 2024) Faham Sinan - Katsmba (App)inted January 2024) Adnan Sugumar (Appointed January 2024) 8ank•r• HSBC Bank plc 88 The Broadway, Muswell Hill London NIO 3RX Solicltorn Rich and Bally Alexandra House 157 Tottenham Lane London N8 7 Audltor8 Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG
MIND IN HARINGEY TRUSTEES, REPORT 2023-24 FOREWORD FROM CHAIR OF TRUSTEES The Trustee Board is pleased to present its report and the audited financial statements for the year ended 31st March 2024. We would like to thank all those associated with the charity, including our staff, volunteers, trustees, commissloners, partners, funders, and donors, who have supported us though another year of seNice to the people of Haringey. In addltion, we would like to oive thanks to the board members who stepped down during this year, in particular David Pascall, who had been chair for over 8 years. Together with the leadership team, he took the charity from a relatively small size and challenging financial circumstances to a much bigaer rol8. with rnhiiot financial foundations. The board has now been refreshed with the addition of 7 new trustees from dlverse backgrounds, and we are all honoured to be associated with this charity and excited about the prospects to expand its impact and serve the Haringey community further. Vlth Best Regards Tom Mccabe Chalr of Board of Trustees Mlnd in Haringey ABOUT MIND In HARINGEY Mind in Haringey is a montal health charity in tho London Borough of Haringey, where we have now beeii vyvialiiig for the past 35 years. We provide information, advice and support to people affected by mental health problems, primarily those living or working in Harlngey. We work to prevent mental health problems, promote mental well-being, and ensure those wlth mental health problems are respected and included in our local community. 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 801818 and company number is 2125188. The organisation was established under a memorandum of association setting out its objects and powers and is governed under the artlcles of association. A revised memorandum and articles were adopted in December 2004. The articles of assoclation are currently being reviewed and we anticipate that a revised set of articles will be adopted during 2024- 25.
MIND IN HARINGEY TRUSTEES, REPORT 2023-24 OUR STRATEGY In 2019 we developed a mission, set of values and strategic objectives. These are currently being reviewed and updated with a view to setting out an updated strategy in early 2025. The 2019-2024 strategy is described below, Our Vlslon is that everyone in Haringey wth a mental health problem gets the support and respect they need and deserve Our Mlsslon Is to support anyone in Haringey wth ffontal health i&8ues by listening to people, defending thelr rights, and helping them to lead fulfilling lives. Our Valu•s ar•: We are passionate, committed, and will listen to everyone we encounter with care and respect. We will influence and improve mental health ser¥ices in Haringey. raising awareness and cha116nging stlgma and dlscrimination, Ilve will become an Antl-racist organisation. We are committed to equity, Inclusion. and access for everyone in Harlngey to mental health support. We are leaders and influencers fightlng for mental health. We se6k continuous improvement in all we do, to meet the needs of our communlty. We conslder opportunitles for collaboration when devek)ping and dellverlng seices. Our 8e•p• work 1$: Preventlon.. worklng with schools, colleges, sports bodies and local buslne&8es and communities to ralse awareness and to challenge stigma Crisis.. offering a response to people in crisis who ntact us. and assisting them to get the right support Support: offering the relevant SUPFQrt for better ntaI health and wellbeing by extending our counselling service., dévoloping our advocacy sorvices,. and oxtonding tho rango of sarvicos and activities we offer Our focus is on Haringey, but we will look to collaLMJrate and share best practice with neighbouring local Minds and contribute to the development of a London Mind to improve the reach of Mind across London. Our 8trat•g1o Alms are: 8trat•gl¢ Alm 1- Achieve a well-led, managed, and govemed organlzation Strat•qlc Alm 2 - Make a difference to mental health Issues In Harlngey. be more vlslble In our communlty and easily aGcesslble. 8trat•gla Alm 3 - Expand our counselllng and advocacy services and improve our response to people in crisls. We have been able to extend our Advocacy work and our counselling servlces. 8trat•qlo Alm 4 - Develop effective relationships wlthin Haringey. 8trAt•glo Alm 6 - Improve relationships wrth local Minds. 8trat•glc Alm 6 - Ensure financial viability and income strategy.
MIND IN HARINGEY TRUSTEES, REPORT 2023-24 OUR WORK M•ntal Health ohall•ng•s In Harlngey Haringey has high levels of severe and enduring mental illness, WFth the 6th highest prevalence {1.3%) of serious mental illness (SMII in London. 82 per cent (2,900) are diagnosed with psychoses and 18 per cent {650> with bipolar dlsorder types 1 and 2. Men have higher prevalence than won, and men from Black and Ethnic Minority Groups (Raciallsed Communities) have the highest prevalence of Serious Mental illness. About 26 Haringey residents tske their own life each year. The highest numbers of deaths by suicide are in men aged 2544. In the last 10 years, 62% of suicides were born in the UK compared to 340/0 born abroad (Haringey's Suicide Audit). Haringey is also the 5th most ethnically diverse borough in the county. Over 65Vo of residents come from non-Thte British communities, (compared to 20OA in England S50 for London). In particular, almost 81 Yo of our school children are non-white British, and 190 different languages are spoken in our schools. The proportion of non-IAthite British communities varies from 35.2% in Muswell Hlll to 83.4% in Northumbertand Park. The top three of these ethnic groups are.. Other white (non-British) 23.0%., Black African g.O%,' Black Caribbean 7.1 %. As In other parts of London the racialised communitles of Haringey were dlsproportionately affected by Covid-19 both economically and by the numbers of deaths In our community. The effects are stlll being fe. It Is estimated that locally, over 50,000 adults {16-74-year-olds> have a common mental health disorder. Young people are a particular cause for concern. Based on natlonal suNey data, an estlmated 10% of men and 260/0 of women aged 16-24 have a history of self-harm. Applied to Haringey, this would affect 5,454 individuals. An estlmated 190h of men and 35% of women aged 16-24 have a history of suicidal thoughts. Applied to Haringey, this would affect 8,217 individuals. This is the need we are addressing. The above statistics are not acceptable, change is required, and our work through the services listed below is part of that change. We will ahvays influence to improve mental health seNices in Haringey, through our services and by raising awareness and challenging stigma and discrimination. We are leaders arid Iiiflueiic¥rs fwliliiFy fui Ilieiiidl livaltli aii(I believe Mental Health and Sulclde preventlon Is everyone's buslness. Our s•rvl¢•s We offer a range of different seNices, projects, and activities to make our support relevant to our diverse Haringey community, Our key services and projects are as follows.. 1.Harlng•y W•llb•lng N•twork - Communlty mental health serrfice in Haringey providlng.. Wellbelng Actlvltles, Advocacy and Social Prescribing, Warm Handover, Peer Support Services, Young People support servlce, Mental health first aid training, Transitioning, and Capacity building which is provided by our partner organisation Bridge Renawal Trust. The sen4ice is funded by Haringey ICB and works with all mental health system players to provide support to anyone In Haringey over 18 years old experienclng Mentsl heah issues and need of support. 2.Couns•lllng - Low cost counselling serrfice that offers face-t(Fface , online and telephone counselling In a range of modalities for anyone over 18 years old 3.3af• Hav•n Crlsls servlo• Non-clinical crisis support to support individuals who are over 18 years old who are vulnerable, isolated and in crisis . We offer this service from 5pm-10pm,, 7 days a week 365 days of the year through face to face, group and 1-2-1 support 4.Support•d S•ll-H•lp- Pilot projact aeros$ London, England and Wales funded by Mind. Thc individual is offered o , 6-week guided programme that addresses issues like Anxiety , Depression, Anger, Loss, Menopause. It is based on Cognitive Behaviour81 Therapy strategies and tools. .Harlngey Reach and Conn•ct- We are part of a partnership with Public Voice and Vibrance offering support to those aged over 50 Living in Haringey. The service visits old people at home to assess and support them towards addressing physical and mental health needs to live happier and fulfilling lives 6.BAME W•llb•lng Advoeacy & h•alth oh•ok 8•rvlc•s - This a partn6rship with Federation health to support those from BAME Community who have been diagnosed with serious mental i1Sness to address their issues and to ensure they receive their annual health checks and improve their Health. The BAME Wellbeing Advocacy Service is part of the Haringey Wellbeing Network (HWN).
MIND IN HARINGEY TRUSTEES, REPORT 2023-24 7.G•neratlon Glrls - Dedicated to mentorlng and supporting young women achieve their goals, dreams, and aspirations. 8.Blaek Thrlve In HArlng•y - Black Thrive Haringey is a partnership fvnded by the Big Lottery together with Black Thrive Global, Black Thrive Lambeth and Black Thrive Bimingham. The overall aim of the project is to address systematic racism and ensure that we tsckle and address inequalities working with key system players to ensure that Black people go from surviving to Thriving. 8.Harlng•y 8ul¢ld• Pr•v•ntlon Group - Haringey Suicide Prevention Group (HSPG) Is an inter-agency group hosted by Mind in Haringey, funded by Public Health Haringey. It works to ensure that Haringey has a Suicide prevention plan and we work with other agencies, health sep4ices, charities and people with lived experience to implement this. 10.M•ntal Health & Wollb•ing ProJoct- We work with Five Grassroots organisats'ons Youvsyou , HOPEC, Community cook up , TCCA {Turkish, Cypriot community aGso¢iation ) sewn together to address the stark inequalitios in Mental health in Haringey by delivering co-produced wellbeing activities. training and awareness to our div6rs6 and racialised communities. The project is funded by Haringey ICB under the Inequalities fund . 11.H•lplng Hands (High intensity users project ) - Working with North Middlesex University Hospital {NMUH) A&E and Mind in Enfield and Barnet. funded by ICB. We work together by providing Community care coordinators that vlslt people in their homes and in the community. They specifically support vulnerabk8 individuals that frequently use the A&E department and support them to address any issues and to connect them into community support. 12.Cltlz•ns Advlo• H4rlng•y - Mind In Haringey is one of CAH'S outreach partners in Haringey and offer8 4 appointments per week. 13.Hom•¢ook•d - My Ends Tott•nham Hal•. We are part of a consortium led by Bridge Renewal Trust funded by the Vlolence Reduction Unit and part of the Mayor's MyEnd programme across London, to provide projects, groups and training to young people schools, and community groups to address youth violence in Haringey particularly In Tottenham Hale 14. 8la¢k M•n's m•ntAI h•afth proJ•ct- M•n CHAT too- We work in partnership with Father2father providlng group support programme to Black men in Haringey aged 35 years and over. The project is funded by publlc health to address the disproportionate numbers of Black men that do not access Mental health support. 15.Brlght•r Futur•s - We work in partnership with NLPC and Harris academy funded by Youth Futures to look at the provision of careers serdices and support to young peop and use of the Gatsby benchmark. 16. Proloct Futur• - we are charity pariner to the PsycholoairAI youth violence project with NHS and Hadngey Council. 17. Tralnlng and oonsultanoy . We deliver training and workshops to organisations to Improve their awareness of Mental health and assist In them supporting wellbeing of their Employees Mind in Haringey is the trusted mental health provider in the Borough. All of the services and projacts we deliver use evldence-based measuring tools. The Warwick-Edinburgh Mental Wellbeing Scale (10MWBS) Is used to demonstrate the Improvement in our service users, mental health and wellbeing and that information is shared wlth our service users throughout their journey of recovery. Partn•rshSps Partnership working is at the heart of everything we do. We belleve the principles of partnershlp working ar8 openness, trust, and honesty, agreed shared goals and values and regular ¢ommunlcation between partners. Mind in Haringey partners include Barnet Enfield Haringey Mental Health Trust, th6 Integrated Care Board, NHS, Public Voice, Haringey Council, Violence Reduction Unit, Bridge Renewal Trust, Black Thrive Global, and Public Health Haringey. We also work closely with grassroot community groups including You v You, Father to Father, House of Polish and Eastem European Communities, Community Cook Up, Turkish Cultural Centre Association, and Sewn Together. Effective partnerships support and achieve better outcomes by making local services and projects more impactful and cost effective. Impa¢t, Aohl•vem•nts and Awards In recent years we have Increased our reach in the communty to 3,500 community members. Annually, we estimate that the ripple effect of their improved mental health and wellbeing is reaching a further 10,500 family and community members, This has a soclal and economic value to the whole of Haringey, as people feel more able to engage with their community and engage wlth employment opportunlties which in tum improves the experiences of those living and working in Haringey.
MIND IN HARINGEY TRUSTEES, REPORT 2023-24 Key contracts awarded and extended in 2023124 included: HWN - Year 7 - Contract DefendedlExtended for 1 year. to 2025. Mentsl wellbeing programme Inequalities Fund - DefendedlExtended for 1 year to 2025. Reach and Conn6ct- continued funding to June 2025 Supported Self help funded by Mind until March 2025 Safe Haven contract extended to March 2025 Homecooked 11 My Ends project Tottenham Hale extended to March 2025 HSPG funding renewed for another year until March 2025 VRUIHome Cooked 2 - To reduce youth violence in Northumberiand Park - April 2024. In 2023124 we also won the following awards.. Royal Award for Mental Health - Lynette Charles, MIH CEO. Smiley Film Award for 'Me, My Music and Mental Health. produced and directed by Black Thrive Haringey. Mlnd Quallty Mark Ass•ssm•nt Durlng 2023 Mind in Haringey was inspected by the national Mind organisation and assessed against a series of organlsatlonal health Indicators known as MQM (Mind Quality Mark). MIH passed against all measures, in many cases very strongly, and as a result of our MQM we were encouraged to apply for a National Mind 'Excellence Award, based on our work in the community. OUR ORGAN18ATION, PEOPLE AND GOVERNANCE Organlsatlonal structur• and d•alslon maklng (bas•d on curr•nt Artl¢les of Assoclatlon as at 1 Aprll 2024. th•s• ar• b•lno r•vl•w•d and updat•d durlng 202&26) Membership of the organlsation 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 charitsble company in the event of winding up. The dlrectors of the company, who are Trustees under charity law, that sepled during the year and up to the date of this report are as shown in the introduction to this report. The Tw8tees have no beneficial interest In the charitable company and have not received any benefits either from the charltable company or in recognitlon of being 8 Trustee. The Trustees manage the business of the charitable company and may exercise all the powers of the charltable company. The Trustees delegate to the Chief Executive responsibility for the day-to48y 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 charlty holds a service user forum bimonthly to enable service users to contribute ideas towards the running of the charity. The Trustees Staff and Remuneration Committee annually conducts a skills audit of the Trustees to identify any areas where the Trustee Board needs strengthenina. 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.
MIND IN HARINGEY TRUSTEES, REPORT 2023-24 R•orultm•nt and appolntm•nt of Trust••s 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 other Trustees. Following this process, if the skills. knowledge, and expertise of the applicant will contribute to the charity, the individual will be recommended to the Trust86 Board for co-option by the other Trustees. The co-opted Trustee's term of office is unts'l the next AGM when they must then stand for election. Trustees are appointed for three years which may be ronewed. The number of Trustees who are current users of the organisation's seNicas shall be less than one half of the total number of Trustees. Diversity is sought across the Trustee Board to match the demographic profile in Haringey. Equity, Dlv•rslty, and Inoluslon Mind in Haringey is aiming to create an environment in which individual differences and contributions of all team Members and service users are recognised and valued. Mind in Haringey opposes all forms of unlawful and unfair dlscrimination, the alm is for our workforce to be truly representative of all sections of society and our service users, and for each team member to feel respected and able to give their best. Qolng Conc•rn MIH continues to be a going concem, and our finances are In good shape. Atthe end of March 2024, the charlty was holding unrestricted reserves of £212k and a cash balance of £388k. Although we have lost some income, particularly from Contract income, our Mental Health Flrst Aid training, CwEdir¥J, we have won a number of new bids and have expanded our services. The Trustees consider that the charity has sufficient unrestricted reseNes and cash flow to continue as a going concem for a period of at least 12 months from the date on which these financial ial¥iiitsiit¥ ¥iuii¥(l. For thib reason. the accounts have l)een prepared on the golng concern basis. Rlsk stat•m•nt The risks to the organisation have been identified, a&sessed, and reviewed by the Trustees Finance and Audit Committ8e 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 placetodeal with potential risks and opportunities, and monitoring processes are used to manage the residual risks. R•lat•d partl•s Mind in Haringey 18 affiliated to Mind (The National Association for Mental Health) Limited; and it has informal relatlons wlth some of the other affiliates in London. those in neighbouring boroughs, In matters of common interest. The Trust8es do not consider that there are any sources of estlmatlon uncertainty at th8 r8POrtlng date that have a significant risk of causing a material adjustment to the carying amounts of assets and liabilities within the next reporting period.
MIND IN HARINGEY TRUSTEES, REPORT 2023-24 Flnanclal R•vl•w The charity recorded a daficit ft)r the year of ,839 (2023.. Surplus of £39,731). The unrestricted deficit was -£82,175 (2023.. Surplus of £137,730k). The total income for the year was £1,269,055 (2023.. £1,449,143) and the total expenditure for the year was £1,365.894 (2023.. £1,409,412). The organisation alms to maintsin free reserves at a level representing at least three months, expanditure on core costs. Total reseNes and income to be carried forward into 2024125 are £525,758 of which unrestricted reserves are £212,3CE. Unrestricted reseNes are equivalent to approximately 9 months of core costs. Penslons The pension scheme Is compliant for auto enrolment and all eligible staff have been registered. Putsll¢ B•n•fft 8tat•m•nt The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to hava due regard to the Charity Commission's general guidance on public benefit, Audltors Goldwin's Limited Chartered Accountants and Registered Auditor will be proposed for appolntment in accordance with Section 485 of the Companies Act 2006. 8tat•m•nt of th• Trust••s' r•sponslbllltl•s The Trustees are responslble for preparing the report of the Trustees and the financial statements in accordance with applicable law. Company law requires the Trustees to prepare financial stat&ments for each financia5 year which glve a true and falr vlew of the charitable company and of the incoming resources and application of resources, including the Income and expendlture, of the charitable company for that period. In preparing these financial statements. the Trustees Board which is supported by the Trustees Finance and Audit CuiiiiTiiII¥¥ i¥ iw4uired to: select suitsble accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. and to prepare the financial statements on a golng concern basls unless it Is Inapproprlate to presume that the charitable company will continu8 to operate. The Trustees are responsible for keeping proper accounting records that disclose with reasonable 8ccuracy at any tlme the financial position of the ¢h8ritable company and enable them to ensure that the financial ststements comply wlth the Companies Act 2006. They are al80 responsible for safeguarding the assets of the charftable company.
MIND IN HARINGEY TRUSTEES, REPORT 2023-24 As far as the Trustees are aware: There is no audit informakn'on of which the charitable company's auditors are unaware. They have taken all reasonable steps to make themseEves aware of any relevant audit information and to establish that the auditors are aware of that infomiation. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. This report has been prepared in accordance with the Statement of Recomm6nded Practice., Accounting and Reporting by Charities and in accordance with the special provisions of the Companies Act 2008 relating to small entities. Approved by the T stees Board on ....................... and signed on their behalf by Tom Mccabe (Chair, Board of Trustees) Company Reglstration No. 02125188
Indopondent audltors, rnport to tho trustses of Mlnd In Harlng•y Oplnlon We have audited the financial statements of Mind in Haringey (the 'charitable company,) for the year ended 31 March 2024 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: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its income and expenditure for the year then ended; have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice" have been prepared in accordance with the requirements of the Companies Act 2006, Basls for oplnlon We conducted our audit in accordance with Intemational 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. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concem 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 rel8vant sections of this report. Other Informatlon The trustees are responsible for the other infomiation. The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover Ihe other infonnation 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 inforniation, we are required to report that fact. We have nothing to r8POrt in this regard. 10
Ind•p•ndont audltors, report to th• trust••s of Mlnd In Harlng•y Oplnlons on oth•r matters prescr1d by the Companl•s Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomiation given in the trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements. and the trustees, report (incorporating the directors, report) have been prepared in accordance with applicable legal requirements. Mattors on whlch w• arn requlred to report by excoptlon 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 spect of the following matters in relation to which the Companies Act 2006 requires us to report to you rf, in our opinion: adequate accounting records have not been kept or retums adequate for our audit have not been received from branches not visited by us; the financial statements are not in agreement with the accounting records and retums; certain disclosures of trustees, remuneration specified by law are not made,. or we have not obtained all the infomation and explanations necessary for the purposes of our audit. R•sponslbllltl•s of th• trusts•s As explained more fully in the trustees, responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisf ed 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 charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going conGem basi? of acGounting unless the trustees either intend to liquidate the Gharitable company or to cease operations, or have no realistic altemative but to do so. Our r•sponslbllltl•s for th• audlt of tho flnanclal ststsments 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 r8POrt that includes our opinion. Reasonab5e 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: We enquired of management, which included obtaining and reviewing supporting documentation, conceming the charitable company's policies and procedures relating to: Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud; The internal controls established to mitigate risks related to fraud or non<ompliance with laws and regulations. We inspected the minutes of meetings of those charged with govomance. 11
Indepondent audltors, report to the trusts•s of Mlnd In Harfngey We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments. assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the nomial course of business, 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 audrt of the financial statements is located on the Financial Reporting Council's website at: [www.frc.org.uklauditorsresponsibilities]. This description forms part of our auditor's report. Uso of our roport This report is made solely to the charitable company's members, as a body, in accordance with Chaptar 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 pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company's members as a body, for our audit work, for this report, or for the opinions we have fomied. Anthony Epton (Senlor Statutory Audltor) tor and on behalf of Qoldwlns Llmltod ststutory Audltor Chartered Aocountants 75 Maygrove Road West Hampstsad London NW6 2EG Date: 16 December 2024 12
MIND in Haringey Statement of financial activities (including an income and expenditure account) For the yoar ended 31 March 2024 Not• Unr•strlot•d Funds R•strl¢t•d Funds 2024 Funds 2023 Funds come fro Donations 8,108 8.108 11,576 Charitsble Activities 122.112 1.078.621 1.200.733 1.365.118 Other Trading Activities 49,058 49,068 71,372 Investment Income 11,156 11,166 1,077 Total In¢om• 190,434 1,078,821 1,269,0 1,449,143 dlt Fundraising 8,709 6,709 4,928 Charltable actlvltSes 398.092 961,093 1,369,185 1,404,484 Total •xp•ndltur• 404,801 961,093 1,365,894 1,409,412 N•t Inaom• I l•xyndftur•) for th• y•ar Transfers between funds N•t mov•m•nt In fund5 1214,367) 117,628 196,839) 39,731 16 12? 1Q? 182.175) 132 Iq2 (14,664) {96,839) 39,731 •conollSatl n of funds: Total funds brought forward Total funds oarrl•d forward 16 328.116 313 452 622 $97 626 768 582 866 622 597 212 306 All of the above results are derived from continuing actIvit8. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial ststements. 13
MIND in Haringey Balance sheet As at 31 March 2024 Nt)t• 2024 2023 Tanqlbl• flx•d ass•ts 11 8,367 10,812 Curront ass•ts: Debtors Cash at bank and In hand 12 241.068 387 816 628.884 170,350 516,293 686,643 Cr•dltors: amounts falllng du• wlthln on• y•ar 111493 74,858 Net current assets 617 391 611785 N•t 4ss•ts 14 525 758 622 597 Funds Restricted funds 313N52 328,116 Unrestrlcted funds,. General fund 212 308 294,481 Total funds 16 626 758 622,597 The flnanclal statements have been prepared in accordance wlth the special provisions for small companies of the Companies Act 2006. Approved by the Board of Trustees on...... and signed on Its behalf by.. Tom Mccabe Chalmian, Tru5t••s Board Company R•gistratlon No. 02126188 The attached notes form part of the financial statements. 14
MIND in Harlngey Statement of cash flows For the year ended 31 March 2024 Not• 2024 2024 2023 2023 Cash flows from op•ratlng actlvltl•8'. Net cash provided by l (used in) operating activikn'es 17 (139.633) (17.340) Cash flows from Investlng a¢tlvftl•s: Intere8V renu divldends from investments Salel (purchase) of fixed assets 11,156 1,077 (1,395) Cash provld•d by l (us•d In) Invmtlng a¢tlvltl•• 11,156 (318) Chang• In cash and cash •qulval•nts In th• y•ar (128.477) (17,658) Cash and cash equivalents at the beginning of the year 516,293 533,951 Cash and ca•h •qulval•nts at th• •nd of th• y•ar 387.816 516,293 15
MIND in Haringey Notes to the financial statements For the ear ended 31 March 2024 1. Aooountlng polici•s Basls of pr•paratlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Rec£)mmended Practice applicable to charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) - (Charits'es SORP FRS 102) and the Companies Act 20C6. The Gharitable company Ineets" tli¥ definition of a public benefit entty 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. G•lng ¢•no•rn The trustees consider that there are no material uncertainties about the charitable compan8 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. Incom• Incx)me Is recognised when the charity has enkn'tlement to the funds. any perfonnance 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 ha8 AntitlAmAnt tn the funds. any porformane• 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. Donatlons of gllts, s•rvlo•s and facllftl•s Donated professional seNices 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 expendlture in the period of receipt. Intsre5t r•G•lvabl• 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 Fund aoeountlng Unrestricted funds are available to spend on activlties that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the twstees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations whlch the donor has specified are to be solely used for particular areas of the charity's work or for specFfic projects being undertaken by the charity. 16
MIND in Haringey Notes to the financial statements For the ear ended 31 March 2024 1. Aacountlng poli¢l•s (continu•d) Exp•ndltur• and Irr•cov•rabl• VAT Expendlture Is recognised once there is a legal or constructive obligatlon 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 follo¥%ing activity Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to mak8 voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. Expenditure on charitable activitles includes the costs of delivering sen4ices and other activities undertaken to further the purpos8s of the charity and their assoclat8d support Allooatlon of support oosts Support costs are those functlons that asslst tha 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 activities. These costs have been allocated bebween cost of raising funds and expenditure on charitable activitles. Op•ratlng l•as•s Rental charges are charged on a straight line basis over the term of the lease. Tanglbl• flx•d ass•ts Items of equipment are capitalised where the purchase pric8 exc6eds £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: Freehold propety 50 years Fixtures and fittings 4 years Improvements and refurbishment 4 years D•btors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepald net of any trade dlscounts due. Cash at bank and In hand Cash at bank and cash in hand indudes cash and short tenn highly liquid investments with short maturity of three months or less from tho date of acquisition or opening of the deposit or similar account. Cr•dltors and provislons Creditors and provisions are recognised where the charity has a present obligation resultlng from a past event that will probably result in the transfer of funds to a third party and the arnount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are noallY recognised at their settlement amount after allowing for any trade 17
MIND in Haringey Notes to the financial ststemonts For the ear ended 31 March 2024 1. Ac¢ountlng poli¢l•s loontinu•d) Flnanclal Instrum•nts The charity only has financial assets and financial liabilib'es of a kind that qualify as basic flnancial instruments. Basic financial instruments are initially recognised at transackn'on value and subsequently measured at their settlement value with the exception of bank loans which are subsequenljy measured at amortised cost using the effective interest method. P•nslons The pension scheme in operation b8cam8 compliant for auto enrolment purposes on 1st November 2016 and all staff eligible have been registered. 2. D•tall•d a•mparatlv•s lor th• stat•m•nt ol financlal actlvltl•s Unr•strl¢t•d R•strlot•d 2023 Totsl Donations 11.576 11,676 Charitable ActNities 190,528 1,174,590 1,365,118 Other Trading Activities 71,372 71,372 Invoètmont Incomo Total Inoom• 274,663 1.174,690 1 N49,143 Fundraising 4,928 4,928 Charitsble activities 289,779 1,114,705 1,404,484 Totsl •xp•ndltur• 294,707 1,114,706 1,409,412 N•t Inaom• l (•xp•ndltur•) for th• y•ar Transfers betweèn funds (20,1541 69,886 39,731 Net mov•m•nt In funds ec nc la lon of Total funds brought forward Total lunds earri•d fonward 137,730 197,999) 39,731 426 115 682 866 294,481 328,11G 622,697 18
MIND In Haringey Notes to tha financial statements For the year ended 31 March 2024 Incom• Irom donations 2024 Total 2023 Tot81 Unr•strl¢tsd R•strlct•d Donations 8,108 8,108 11,576 11,576 In¢om• Imm charkabl• a¢tfvttl•s 2024 Totsl 2023 Total Unr•strlctsd R•strlotsd Cost of Living Crisis Go Active Project Street Aunties Project Federation 4 Health Counselling Reach & Connect Men Chat Too H8ringey Support Self Help (SSH) Support for Residence Support for Afghan Families Black Thrlve Haring8y Generation Girls, Haringey Young Cara Laavers Hornsey Charity HPC Youth Future Partnership ScrewFlx Foundation Middlesex Care Coordinator NHS Charities Inequalities Project MyEnd (Home Cooked) Stay Well Winter Campaign Project Mental Wellbeing Theme Project Communication Workers Union Business Development Project Suicide Prevention Fundraislng Central Services (Various Grants) Haringey Wellbeing Network Proj8Ct Future Community ProtecVGreat Mental Health Safe Haven Training & Consultancy Total 24.315 3,000 36,785 27,370 24,315 3,000 36,785 27,370 52,669 87,867 7,600 17,436 17,333 4,952 5,000 32,843 30,962 82,367 29,497 19,920 52,669 87,867 7,600 17,436 133,417 8,333 g,000 10,155 11,010 133,417 8,333 9,000 10,166 11,010 4,390 46,012 18,997 37,750 90,645 20,000 15,000 9,984 43,000 8,011 62,828 8,874 31,750 3,126 150,000 3,750 34,400 10,000 4,390 46,012 18,997 37.750 107,995 107,996 17,750 17,750 10,000 10,000 1,000 310,581 130,569 13,094 130.200 67,432 1,365,118 309,961 12,251 309,961 12,261 159.367 169.367 47.303 122,112 1,078,621 1,200,733 19
MIND in Haringey Notes to the financial statements For the ear ended 31 March 2024 Incomo from oth•r tradlng aGtiviti•s 2024 Total 2023 Total Unr•strfat•d R•strl¢tsd Central SeNIc88 Station House Rentsl Income Fundraising 2,800 10,316 35,942 49,058 2,800 10,316 27,727 71,372 Inoom• from Inv•stm•nts 2024 Total 2023 Totsl Unr•strlatsd R•strlot•d Bank interest 11,156 11,166 1,077 11,156 1,077 20
1 81
MIND in Haringey Notos to the financial statements For the ear ended 31 March 2024 Net In6om•l(•xp•ndftur•) lor th• y•ar This is ststed after charging.. 2024 2023 DepreciatK)n Auditors, remuneration Operating lease rentals 2,446 3,200 2,445 3,200 audit propety Taxatlon The charitable company is exempt from corporation tsx as all its income is charitable and is applied for charitable purposes. 10. Analysls of staff costs, trust•• r•mun•ratlon and •xp•ns•s, and th• oost ol k•y m&nag•m•nt p•rsonn•l 2024 2023 Salaries and vRges Social security costs Pension costs Recrultment Access to Work Training & CPD 723,133 728,323 60,986 61,109 28,421 18,062 2,876 3,102 824 066 807 494 No employee received remuneration in excess of £60,000 in the year (2023.. none). The lotal employee benefits including pension contributbons of the key management personnel were £126,024 (2023.. £120.815) The charlty trustees were not pald or rec8ived any other benefits from employment wlth the Charity In the year (2023.. £nil) neither were they reimbursed expenses during the year (2023: £nil). No charlty trustee received payment for professbnal or other services supplied to the charity (2023.. £nil). The average number of employees (head count based on number of staff employed) during the year was as foll0v. 2024 No. 2023 Charitible Activities Support 31 36 38 22
MIND in Haringey Notes to tho financial stat•ments For the year ended 31 March 2024 11. Tangibl• tlxod assets Improv•m•nts of l•as•hold pr•mls•s Furnftur•, flttlngs and •qulpm•nt Totsl Cost: At 1 April 2023 Additions At 31 March 2024 34,932 39,696 74,628 34,932 39,696 74,628 D•pr•¢latlon: At 1 April 2023 Chsrges in year At 31 March 2023 27,317 1,269 28,586 36,499 1,176 37,675 63,816 2,445 66,261 N•t Book Valu•: At 31 Maroh 2024 2,021 At 31 March 2023 7,616 3,196 10,812 All tsngible fixed assets are used to fuffil the charitys objects. 12. D•btors 2024 2023 Grants, Contract Income & Other ReceNables Prepayments 233,735 163,267 7,083 241,068 170,350 13. Cr•dltors: amounts falllng du• wlthln •n• y•ar 2024 2023 Other Creditors Taxation and Social Security Accruals Deferred Income 9,697 18,777 4,080 20,972 8,723 111,493 74,868 23
MIND in Haringey Not•s to the flnanoial statements For the ear ended 31 March 2024 14. Analy$l8 of n•t a88•ts b•tw••n funds - 2024 R•strlctsd funds G•n•ral funds Total funds Tangible fixed assets Current assets Current liabilitie8 8,367 305,085 8.367 628,884 111493 526 768 323.800 111493 313452 Analysls of net asset8 between funds- 2023 Re8tricted funds General lund Total funds Tangible fixed asset8 Current assets Current liabilitie8 10.812 317,304 10,812 686,643 369,339 328116 294 481 822 597 16. P•n•lon sah•m• The Charity operates a Defined Contribution Pension Scheme. All staff eligible have been registered. Pension contributions owed as at 31.03.24 £3,974 (2023.. £Nil>. 24
MIND In Harlngey Notos to the financial statsments For the ear •nd•d 31 March 2024 18. Mov•m•nt In fund8 2024 At 1 Aprfl 2023 Incom• Exp•ndftur• Transfers Restricted Funds.. Cost of Living Crisis Go AGtive Project street Aunties Project Federation 4 Health Reach & Connect Men Chat Too Haringey Support Self Help (SSH) Support for Residence Support for Alghan Famllles Black Thrive Haringey Young Care Leavers Hornsey Charity HPC Youth Future Partnershlp Middlesex Care Coordinator NHS Charities Inequalities Project MyEnd (Home Cooked) Mental Wellbeing Theme Project Suicide Prevention Haringey Wellbeing Nehvork Generation Girls, Haringey Project Future Safe Haven Total R•strlct•d Funds 24.315 3.000 36,785 27,370 87,867 7,600 17,436 (9,608) (2,850) (33,860) (29,169) (81.223> (37) {10.587) (159) (2,000) <105,943) (3.690) (10,155) (4,735) (2,202) (37,332) (4,6011 (5.838) (14,483) (18,089) (5,663) (110,008) (5,400) (12,231) 12,000) (295,106) {30,996) (17,802) (251) {60,610) (18.256) 110.061 31,873 961,093 132,192 (4,863) (150) (1,000) 1.925 10,243 (6,644) 7,663 8,849 3,667 2,962 50,074 4,410 3,816 4,952 25,510 133,417 9,000 10,155 11,010 46,012 18,997 37,750 107,995 10,000 309,961 8,333 12.251 159,367 1,078,621 (2,910) 1900) 4,073 13,867 9.578 1,324 3,469 8.002 11.784 16,986 9.720 170,330 52,402 328.118 17,487 589 7,553 103,715 69.835 313 452 Unrestricted Fun General Fund 294.481 190,434 (404,801) 132,192 212.306 Total Unrestrlcted Funds Totsl Funds 294,481 622,597 190,434 1,269,056 (404,8011 132,192 1.365.894 212,306 25,758 Transfers: These represent the various percentages of Management and Administrative Recharges of Central Services overheads to Restrlcted Projects. 25
MIND in Haringey Notss to the financial statements For the ear ended 31 March 2024 17. R•conclllatlon of not Incom• l (•xp•ndttur•) to n•t cash flow from op•ratlng actlvltl•s 2024 2023 Not Inaom• l (•xp•ndltur•) for th• r•portlng p•rlod (as p•r th• stat•m•nt ol flnanclal aotlvftl•s) Depreciation Int8rest. rent and dividands from investments (Increase)I decrease in debtors Increasel (decrease) in creditors N•t aash provld•d by l (us•d In) op•ratlng actlvltl•s (96,839) 39,731 2,445 2,445 (11,156) (1,077) (70,718) 107,379 36,635 (165,818) 1139,633) (17,3401 18. R•lat•d Party Transaotlons There wer8 no related party transactions during the year (2023: None). 26