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2025-03-31-accounts

MIND WISE NEW VISION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Oscar Donnelly (Chair) Catherine Colleary Emma-Rose Duffy Chris Eisenstadt —_— — < i“ Elaine Feeney Denise McCartan Jane O’Rourke Suneil Sharma Secretary ' a Ms S Weiniger by Charity Number NIC103469 Company Number =~ NI071976 s- —t Registered Office Pinewood House 46 New Forge Lane Belfast BT9 5NW = a Ges # ° Auditor GMcG BELFAST Chartered Accountants and Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ

Bankers

Ulster Bank Limited Belfast City Office 11-16 Donegall Square East Belfast BT1 5UB

Solicitors

Edwards & Co 28 Hill Street

Belfast BT1 2LA A&L Goodbody Northern Ireland 42-46 Fountain Street Belfast BT1 5EF Mind Wise New Vision

Mason Hayes & Curran ANNUAL REPORT AND FINANCIAL Barrow Street

Dublin 4 STATEMENTS FOR THE YEAR ENDED Ireland

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MIND WISE NEW VISION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr O Donnelly (Chair)
Ms C Colleary
Ms E Duffy
Mr C Eisenstadt
Ms E Feeney
Dr D McCartan
Ms J O’Rourke
Mr S Sharma
Secretary Ms S Weiniger
Charity Number NIC103469
Company Number NI071976
Registered Office Pinewood House
46 New Forge Lane
Belfast
BT9 5NW
Auditor GMcG Belfast
Chartered Accountants and Statutory Auditor
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
Bankers Ulster Bank
11-16 Donegall Square East
Belfast
BT1 5UB
Solicitors Edwards Solicitors
3rd Floor
Sessia House
61-67 Donegall Street
Belfast
BT1 2QH
A&L Goodbody Northern Ireland
42-46 Fountain Street
Belfast
BT1 5EF
Mason Hayes & Curran
Barrow Street
Dublin 4
Ireland

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MIND WISE NEW VISION

MIND WISE NEW VISION
CONTENTS
Pages
Chairperson’s report 4
Trustees’ report 5-19
Independent Auditor’s Report 20-25
Statement of Financial Activities 26
Balance Sheet 27
Statement of Cash Flows 28
Notes to the Financial Statements 29-48

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MIND WISE NEW VISION CHAIRPERSON'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 2024-2025 has b88n a y8ar for reslll8nce and detemilnatlon for Mlnd Wise New Vlslon {hereafter called 'MindWise) as we advanced our fNe-year slrat89y'. Q￿L￿lr￿￿￿at w_ 22- 1ndW￿2￿￿o{￿L Whilst the ffinanclal challenges faclrKJ the sector overall wlll mak8 It difficult to achlev8 our aspirational Income growth target of 37% by 2027. we remaln steadfast In our commltment to growing and developlng our seNices. Flnanclal challenges Included the Cost-of-living crfsls. rSslng employer costs rasulting from the UK'S Spring Budget. Ilmlt8d commlssioning opportunltles due to the slow progress being made agalnst the Department of Health's 10 Y8ar Mental Health Strategy and a significant reduction in the spread of Core Grant allocations to the voluntary and communlty sector. Mindwise coniinues to champion the priorlllsatlon of mental health services amidsl pressures for cost savings. We are firm in our belief that mental health care deserves protection. especially glven th8 250A higher psychlatric morbidity observed in Northern Ireland compared to elsewhere In the UK and Ireland. The under-fnvestmenl In mèntal health services is stark, with only 5.7% of the Health budget allocated to mental health in Northem Iraland, compared to 14.1% in England. Slmilarly. per capita spendlng on mental heatth in Northern Ireland slands at £157 compared to £232 In England. Whllst the Northern Ireland Publlc Accounts Committee recommended in 2024 a growth In mental hèalth funding to 10-11 par cent of the Health budget, there is no evidence ofGovernment acting upon Ihis recommerKJatlon. Mindwise continues to advocate for Ihese d5sparllles to be addressed,, howev8r, the 2025 revlew of Ihe Department of Health's 10 Mental Health Year Slrategy does not bode well, as plans are Ilkely to be axed whlle waltlng Ilsts get long&r, wlth a CCM)sequent impact on th8 mantal heallh ol our populatlon. The Volunlary and Community Sector, togelher with Primary Care, Is ready to step up to help provlde lh8 higF quallty. communily-based mantal health s8r¥ices Northem Ir8land needs. If enabled. thls would see a mental healih syslam that Is person4entred, adaptlng to the needs of Indlvlduals. wlth reduced waltlng Ilsts and Improved service user satisfaction. Mlndwlse remalns committed lo maklng these asplratlons a reallty, and our dally work provldes evidence Df tha tanglble difference we make In people's Ilves. Together. with the support of our Stsff, volunteers and clients, we continua to deliver meaningful Impact, and l exlond my heartfelt gratitude on behalf of the Mindwise Board of Trustees. As Chairperson, l am profoundly inspired by Mlndwiso's resilience and dedication. This report Is a teslamenl to the strides we have made, the Ilves we have touched, and the hope we continue to foster. While challenges remaln. there Is much lo be proud off, and logelher, we will contlnue to build a brighter future for mental health services in Northern Ireland. Thank you for belng a part of Ihis journey. Oscar Donnelly Chalrporson

MIND WISE NEW VISION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees as directors of Mind Wise New Vision (hereafter called ‘MindWise’), present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and Activities

The year 2024-2025 was the third year of our Strategy 2022-2027. During the year the following elements of our Strategy 2022-2027 underpinned our work:

Our vision is a world where mental health and wellbeing are everyone's business.

Our mission is supporting and empowering people affected by mental health issues to live their best lives.

Our values underpin everything that we do in supporting people affected by severe mental illness and mental health difficulties. They are:

Our purposes are set out in our Articles of Association and are:

- To develop the capacity and skills of persons suffering from or at risk of suffering from severe mental illness who may be socially and economically disadvantaged or excluded in society by the provision of group work, training and volunteer opportunities or such other methods as the trustees may see fit in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society;

- To provide advice to those affected or at risk of mental health illness in an effort to relieve financial hardship by the provision of advice and assistance in the areas of debt management and money advice to persons affected by, or at risk of mental illness who, through lack of means, would otherwise be unable to obtain such advice;

- To provide or secure the provision of welfare rights advice and information and refer those in need of professional assistance to the relevant agencies;

-

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Our goals for the period were set out in our Strategy 2022-2027 and are as follows:

1. We will deliver services that support and empower people of all ages - as well as their families and carers - with their mental health needs.

Our Operations department will drive much of this work forward by delivering a range of services across Northern Ireland, namely:

2. We will educate and influence decision makers and raise awareness of mental health conditions and mental health wellbeing.

Our WorkWise, Policy and Communications Department will drive much of this work forward by:

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3. We will digitally transform so that we can reach more people in need.

Our Executive Office will drive much of this work forward by:

4. We will sustainably develop and grow.

Our MindWise family, together as a whole, will drive this work forward by:

Achievements and Performance

In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities have helped to achieve the Charity’s purposes and provide a benefit to the beneficiaries. Our key achievements from the past year are set out below.

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Our Clients aaa Over 13,000 individuals

Each year, MindWise supports thousands of individuals across Northern Ireland on their mental health journeys. In the year 2024-2025, we reached over 13,000 people through our range of services, from supported housing and advocacy to wellbeing groups and outreach programmes.

others were helped to access further support through our signposting efforts and trusted partnerships with other organisations.

“Before you contacted me I felt I was in a black hole, a deep well with no ladder to get me out, however, after you contacted me my life has done

a complete turnabout and now I have a ladder and am climbing out of deep black well”

Mental Health and Money Advice Client

“I do not know what I would have done without your support, you took me away from the darkness”

South-Eastern Trust Client

“…she just makes my life better, she is kind and caring and makes a difference. I do not know what I would do without her.”

Carrickfergus Housing Client talking about a MindWise staff member

“I have felt no judgment from the therapists which made it easier for me to open up about my issues.”

“This is the best place I’ve ever lived in. I would use the word contented which I would never have said before”

Abbeyside Supported Housing Client

“I couldn’t go without our wee lady’s group. Makes me smile”

Belfast Resource Centre Client

supporting me through the most difficult time of my life. I now have my own home and see my children every day”

Inverary House Client

“Beyond Bricks as helped me learn more about emotions and know how to regulate when I flip my lid.”

Children and Young People Client

Talking Therapies Client

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88

109

94

were supported within the accommodation-based services, with 36 of these clients support via Inverary House, the homeless hostel.

were also supported via the South Down and South Antrim Tenancy Support Services

7,243

32

Children and young people took part in our resilience based wellbeing programmes in schools (Bloom, Your Resilience and Beyond Bricks) to grow emotional intelligence and regulation skills.

Children supported with 1:1 support through the Beyond Bricks project, delivered within the Family Wellness Programme.

75%

Of parents have reported that they have seen a positive intelligence and regulation impact to their child's emotional health and wellbeing skills. through participation in the Family Wellness Programme. 212 £3,692,550 Teachers and other Income through benefits facilitators across Northern Ireland who are now generated for clients with the equipped, through Advanced support of our Mental Training, to independently Health and Money Advice deliver our emotional Service. wellbeing programmes to Children and Young People. — yy —;r_, ¥ ] Partnered with 100+ Schools = ’ Ft »! di and Community Groups*

Teachers and other facilitators across Northern Ireland who are now equipped, through Advanced Training, to independently deliver our emotional wellbeing programmes to Children and Young People.

To build a lasting legacy of emotional wellbeing though educating and empowering children and young people, while equipping leaders to create resilient, emotionally healthy environments through training and co-delivery in real-life settings.

300 vulnerable people and children within custody suites supported per month

Through our Northern Ireland Appropriate Adult Service which continues to meet demand across custody suites in Northern Ireland on a 24/7 basis.

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539

776

Supported within our Day Opportunity services within Belfast, Downpatrick, Ballyclare. Magherafelt / Cookstown and Southern Trust Area and the Community Bridge Builder Programme.

People supported through our Talking Therapies Service.

87%

Of clients receiving support within our Talking Therapies Service experienced a clinical improvement in their wellbeing.

27

Information and Awareness Sessions delivered by the Macmillan Psychosocial Team to a total of 696 participants.

38

Professionals from across sectors trained in the Family Model, which highlights the impact of a cancer diagnosis on an individual’s family and how they can best be supported.

Over 75

Partnerships with organisations and communities developed and maintained, strengthening our reach and impact across Northern Ireland.

This included partnerships with Trusts, Councils, Charities, Boards, Social Value Partnerships and local community groups and businesses.

35

Young People supported through WiseTalking, a programme for individuals aged 11-18 who are struggling with their mental health.

11

Graduates from our Advanced Diploma Coaching Course

332

Employees supported by WorkWise through attending multiple workshops and courses offered throughout the year

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Our People

We achieved Double Gold Investors in People (IIP) & Investors in Wellbeing (IIW) Accreditation

We’re proud to be recognised for our commitment to our people and workplace culture. Achieving Double Gold accreditation from Investors in People (IIP) and Investors in Wellbeing (IIW) is a testament to the positive environment we’ve built together. 74% of our staff responded to the survey issued as part of the assessment, and 22% of staff were involved in engagement discussions with the Assessor.

7 out of 9 themes assessed scored over 90%. All our ratings were above the sector and IIP average.

29th out of 135 : We were ranked in the upper quartile for organisations of similar size and function.

Of the staff surveyed:

87% agree that MindWise is a great place to work.

100% say that we have strong measuring and assessing performance systems.

96% feel that staff adopt and live the organisation values.

On our first application for Investors in Wellbeing we were ranked as Advanced in all 3 themes of Building, Supporting and Improving a Culture of Wellbeing. Our Assessor commented that Wellbeing was not just a tick box but the backbone of a thriving, productive workforce.

90% of staff surveyed believe that MindWise is a supportive and safe place to work .

93% of staff surveyed agree that managers are effective at supporting their mental wellbeing.

78% of staff availed of the Gold Chest Heart and Stroke health checks this year.

At the heart of our organisation is a commitment to continuous learning and growth. We believe in equipping our team with the skills and knowledge they need to thrive. Over the past year, we’ve continued to prioritise training and development across all areas of the business, ensuring our people feel supported and confident in their roles.

On average 55 hours per person of training were completed, as we continue to invest in training and development.

14 members of staff were supported to complete a range of professional qualifications (including QCF/RQF qualifications).

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How we operate OO

Client Engagement

13 individual clients across our services were directly involved in client engagement work.

10 e vents were held where clients were involved, ranging from Digital Mental Health workshops with the Department of Health, research sessions with PhD students, public events at Stormont, and celebrations and fundraising events.

11 meetings of the Client Engagement Working Group were held, averaging 6 clients per meeting, with Christmas visits from the Executive team to the group. The group met across various locations in NI as well as online.

10 “Have a Say Days” were held across Northern Ireland, reaching 89 clients directly and supporting them to complete our Client Satisfaction Survey .

2 clients presented at MindWise Board of Trustees meetings.

231 clients completed the Client Satisfaction Survey 2024-25.

Additional partnerships and collaborations took place with the Forensic Managed Care Network and the All-Ireland Community Development Health Network to promote inclusive approaches to mental health.

“ What is important is the place where we can meet together and do things, learn and support each other to enjoy the process and the progress. But it's not all only about the process or progress it's about who we make this happen and how, and where.”

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Policy, Public afairs and Communications

We continue to strengthen our influence in policy, public affairs, and communications by engaging decision-makers and raising awareness.

4 visits to MindWise services from MLAs and Ministers including visits from the Under Secretary of State. We also hosted the full Justice Committee meeting at Inverary House

1 report published by the All-Party Group: Evidence Summary Report of The Inquiry into Mental Health Education and Early Intervention in Schools.

200+ signatures on our Wise Up! Petition calling on politicians to fund children and young people’s mental health, supported in the Assembly by Ulster Unionist Party Deputy Leader Robbie Butler MLA.

65k people were reached on Facebook - a 22.3% increase from the previous year.

11k was our total reach on Instagram, marking a 69.6% rise from the previous year.

21k impressions were recorded on LinkedIn, helping to grow engagement with professional audiences.

460k active users visited our website, including 409K new users - highlighting strong and consistent interest in our content.

IT and Data Governance

Cyber Essentials accreditation secured, and work commenced to secure Cyber Essentials Plus to further strengthen our cyber security.

Data Governance Group established to drive forward the four key strands of our Data Strategy: Deliver greater impact; Grow our data skills; Analyse our data; and Govern our data.

Work continued using funding secured from the Dormant Accounts Fund to grow our workforce’s digital skills and capacity, develop and implement a data strategy and implement an integrated information management platform to enable sustainable growth and build organisational resilience.

We continue on our digitalisation journey focusing on key areas of work. Key achievements included:

Talking Therapies have implemented fully digital processes from referral to client activity management. Volunteer records are being integrated with workforce records to give clearer visibility of volunteers’ vital contribution.

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Volunteering

74 active volunteers on average contributing their time each week, supporting our services, events, and day-today operations.

9,320 hours given by volunteers over the year.

120 training courses completed by Volunteers.

£2.67 For every £1 invested in our volunteers, we generated £2.67 in social value, as measured by the Volunteer Investment Value Audit (VIVA), a recognised Social Return on Investment (SROI) method.

“

It was really interesting to be able to observe the great work going on in our schools to engage children and young people to think about their own mental health and to support teachers in raising pupils’ awareness of mental health in an appropriate way. I really valued experiencing the Beyond Bricks programme and actually seeing it firsthand.

MindWise Volunteer

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Financial Review

The year 2024-2025 showed a negative net movement in funds of £53,829. Restricted Funds showed a positive movement of £77,121, due to the Charity receiving funds that will be expended on projects in the future financial year. Unrestricted Funds showed a negative movement of £130,950. As set out in prior year accounts the trustees had developed a plan through the Designated Fund to expend reserves generated in prior years, particularly in the year 2020-2021 when the Charity generated a large surplus as a result of delays in expenditure to mitigate the potential negative impact of Covid. Whilst the Charity expended £179,366 of Designated Funds in the year 2024-2025, there were some delays in delivery, again due to challenges in appointing staff. The Trustees reviewed the Designated Fund as at 31 March 2025 and are satisfied that the commitments made are valid for 2025-2026. The trustees will continue to monitor the delivery of the Designated Fund to ensure the continued investment as planned.

Funding

The principal funding sources for MindWise continue to be contract income from the Health and Social Care Trusts, Supporting People/Northern Ireland Housing Executive and the Department of Justice, along with timelimited programme funding, sales and investment income. An analysis of income by type is as follows:

Source Income % of total
Income from Service Level Agreements £1,544,537 30%
Grants and one-off fees £727,325 14%
Fees for domiciliary care £2,544,442 49%
Other income £363,657 7%
Total £5,179,961 100%

Over half of income is related to Housing Services, although a policy of income diversification has resulted in growing income from other areas, which has included the delivery of services funded by corporations such as Lloyds Banking Group (Halifax in Northern Ireland) through the work of Mental Health UK and Agnews Group. An analysis of income by activity is as follows:

Lloyds Banking Group (Halifax in Northern Ireland) through the work of Mental Health UK and Agnews Group.
An analysis of income by activity is as follows:		 Lloyds Banking Group (Halifax in Northern Ireland) through the work of Mental Health UK and Agnews Group. Lloyds Banking Group (Halifax in Northern Ireland) through the work of Mental Health UK and Agnews Group.
Activity Income % of total
Housing £2,814,539 54%
Community £817,124 16%
Advocacy £1,138,611 22%
Therapeutic support and training £234,077 5%
Management and support £175,610 3%
Total £5,179,961 100%

Balance Sheet

Balance Sheet Net Assets have decreased by £53,829 from the previous year, reflecting the net expenditure of the Charity for the year of £43,538 plus a loss on investment assets of £10,291 as set out in the Statement of Financial Activities. Total funds held at 31 March 2025 were £1,537,194, of which £286,258 were restricted funds. The level of free reserves at the year end, excluding tangible fixed assets and designated funds, was £685,825.

Reserves Policy

The Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” defines Unrestricted Reserves as funds which are expendable at the discretion of the Board of Trustees in furtherance of any of the Charity's objects but which are not yet spent or committed. Consistent with responsible financial management and risk management, the Board of Trustees balances the needs of their current and future beneficiaries by identifying the likely challenges and opportunities the Charity faces in the medium to long term. A reserves policy and adherence provides confidence that the Charity can meet its operational requirements. A full review of the Charity’s reserves policy was carried out in August 2019, using the Charity Commission for Northern Ireland’s Guidance Note EGO63 (March 2018): Developing a Reserves Policy, which took into account the following points:

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The trustees have defined the following reserves to meet both the current and imminent future needs of the Charity:

The trustees have developed a Finance Strategy to work towards this agreed level of reserves and will continue to monitor compliance with this policy on a regular basis through the budgetary system. These reserves are detailed in the notes to the financial statements.

Investment Policy

MindWise has adopted a prudent investment policy which is designed to support the reserves policy. The investment policy is reviewed annually to ensure that it continues to reflect the needs of the Charity. The investment objective of the trustees is that the real value of the investment assets be maintained and enhanced over the long term by investment in a portfolio comprised of equities, fixed income stocks, collective investment schemes and cash, so as to:

The trustees are content that investments were managed in line with the objectives set out within the Investment Policy.

Plans for Future Periods

Having reflected on our achievements and challenges in the first three years of Our Strategy 2022-2027 we are now committed, more than ever, to achieving our sustainable development and growth in the years ahead.

Moving forward in 2025 – 2026 we are cognisant of the unmet mental health needs across the Island of Ireland and beyond. As such, we aim to consolidate our current programmes in Northern Ireland (Housing; Community; Psychological Therapies; Information, Advice and Advocacy) while also positioning ourselves to expand our activities across the island. We laid out our intent to expand into the Republic of Ireland (ROI) in Our Strategy 2022-2027. We have now completed the feasibility study and in Year 4 we aim to establish our presence there. We believe we have a part to play in achieving ‘Sharing the Vision – A Mental Health Policy for Everyone’1 by expanding our core programmes across the island. In doing so we will also strengthen our commitments to client engagement, trauma-informed and rights-based practices. We will develop our early intervention and prevention activities and

embed our life cycle approach to mental health and wellbeing. We will grow to meet the increased demand for our services, aiming to enhance the mental health and wellbeing of the population across the Island of Ireland, while also supporting the mental health needs of people across the UK via our strategic alliance within Mental

1 Sharing the Vision: A Mental Health Policy for Everyone

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Health UK. We will do this in partnership and collaboration with those who live our values and have an expressed interest in working with us.

Importantly, we will ensure our Good Governance is strengthened by reviewing our Membership and by strengthening our clients’ voice (service users, carers and families) through the establishment of ‘Client Central’, a body of empowered clients who want to effect real change.

We will systemise the processes around gathering your views, thoughts and ideas and we will regularly feedback to you about what action we’re taking as a result of what you said. We’ll explain why we did or did not do what you have asked! We call this ‘You said and we did!’. We’re better positioned to do all this because we have and will continue to invest in our digital transformation, while not losing sight or sound of those people who are hard to reach!

Most of all we will continue to live our values and evidence these in everything we do – our Making a Difference Everyday (MADE) is real for us and for you. We expect to be making a difference to more people in each year we operate, because you said we should.

Moving forward we will continue to listen to you, we will work together, we will create safe places to support each other, reflect, learn, grow and connect across Ireland and beyond. We will support recovery and discover new ways of being, we will do this together because mental health is everyone’s business.

Structure, Governance and Management

Governing Document

Mind Wise New Vision is a company limited by guarantee governed by its Memorandum and Articles of Association dated 7 February 2011. It is registered as a charity with the Charity Commission for Northern Ireland. At 31 March 2025 there were 563 members (2024 - 541 members), each of whom agrees to contribute £1 in the event of the Charity winding up.

Organisation

The Board of Trustees administers the Charity, and the trustees who acted during the year are listed below. During the year 2024-2025, the Board of Trustees met on a quarterly basis and had a number of committees in place which reported to the Board – the Finance and General Purposes Committee and the Operations Committee.

The day to day running of the Charity is delegated to the Chief Executive, who has delegated authority, within terms approved by the trustees, for operational matters including finance, employment and service delivery.

MindWise has grown and developed in recent years, and as a result we have reviewed our supporting infrastructure and made changes to our Good Governance, Leadership and Management structures, systems and practices. In the year ahead we will continue to consolidate these actions through planned investment in developing our Collective Leadership Framework and our Communicating to Connect structure. In addition, MindWise’s commitment to creating synergies and affecting change through partnerships and alliances remains unchanged; we will continue to invest in these relationships going forward.

The trustees, who are also the directors for the purpose of company law, ands who served during the year and up to the date of signature of the financial statements were:

Ms C Colleary Mr O J Donnelly Ms E Duffy Mr C R Eisenstadt Ms E Feeney Appointed 18 February 2025 Dr D McCartan Ms J McClinton Resigned 20 September 2024 Mr C McMinn Resigned 11 May 2024 Ms J O’Rourke Appointed 16 May 2025 Ms F Rooney Resigned 8 December 2024 Mr S Sharma Appointed 3 July 2025

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Appointment of Trustees

As set out in the Articles of Association, the Chair of the Board of Trustees is elected by the trustees. The Board of Trustees comprises of a minimum of five and a maximum of fourteen trustees. Trustees are appointed either by election by the members at the Annual General Meeting (AGM) or by co-option by the existing trustees. Coopted trustees will hold office until the next AGM, at which they will be eligible for election. Elections and cooptions will be conducted to attempt to elect or co-opt up to one third of the trustees from users and carers, subject to there being such persons willing to serve as trustees who are deemed suitable by the trustees to serve as a trustee.

Trustee Induction & Training

New trustees undergo induction training to inform them of key organisational aspects as follows: their legal obligations under charity and company law; the Charity Commission for Northern Ireland guidance on public benefit; the content of the Memorandum and Articles of Association; the Committee and decision-making processes within MindWise; and the business plan and performance of the Charity, including the financial performance of the Charity. Trustees also operate within the Governance Handbook, which supports them in the delivery of their role.

During induction training, trustees meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Related parties and co-operation with other organisations

None of the trustees receive remuneration or other benefit from their work with the Charity. Any connection between a trustee or senior manager of the Charity with a related party must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported.

MindWise is connected with Mental Health UK, a Charitable Incorporated Organisation (CIO). Rethink Mental Illness, Adferiad Recovery Hafal in Wales (known as Hafal until June 2021), MindWise and Support In Mind Scotland are all members of Mental Health UK. Mental Health UK is not considered part of MindWise and has not been consolidated in the financial statements.

The Charity has no wholly or partly owned subsidiaries.

Pay policy for senior staff

The Board of Trustees and the executive directors’ team comprise the key management personnel of the Charity who are in charge of directing and controlling, running and operating the Charity on a day to day basis. All trustees give their time freely and no trustee received remuneration in the year. Details of trustees’ expenses and related party transactions are disclosed in notes 13 and 27 to the accounts.

The pay of the senior staff is reviewed by the Board of Trustees periodically in conjunction with all staff. Pay levels are benchmarked against similar organisations in the charitable, community and voluntary sectors.

Risk Management

MindWise’s Risk Management Framework commits MindWise to the requirements of an effective system of internal control in line with the Risk Management Principles and Guidelines as stated in AS/NZS ISO 31000: 2009:2018. Our Board of Trustees has maintained a watching brief on all corporate risks throughout the year and has remained satisfied that our Risk Management Framework is fit for purpose and that all corporate risks have been effectively managed, to include managing the financial challenges inherent across the healthcare system and beyond.

During the year MindWise’s Board of Trustees placed a particular focus on ensuring MindWise addressed the cost pressures arising across the system. Specific measures were taken to address the cost-of-living crisis and workforce retention. Further work was also undertaken to maximise efficiencies via our digital transformation programme. Key outcomes included Cyber Essentials Accreditation as well as Investing in People and Investing in Wellbeing Gold Awards.

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Trustees, responslbllltles In relatlon to the financlal statements The trustees, who are also the directors of Mind Wise New Vislon for the purposes of Company Law, are responsible for preparing Ihe Trustees, Report and the financial siatements in acc(wdance with applicable laws arml United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Practice). Company law requires the trustees io prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the Income and expenditure of the charitable company for that year. In preparlng these flnancial statements th8 trustees are requlrad to.. select suitable accounting policles and Ihen apply them consistently; observe the methods and princlples of the Charities SORP; make judgements and estimates that are reasonable and prudent; and prepare the financial statements on the going concem basls unless it is inapproprfate io presume that ihe charity wlll contlnue In operation. The trustees are r8sponslbl8 for keepln9 adequate accounting records that dls¢lose wlth reasonable accuracy at any tlme the ftnanclal p051tion ofthe charlty and enable them to ensure that the financlal stat8ments comply wlth Ihe Companles Act 2006. They are also responsible for safeguarding the assets of the ¢har5ly and hence for taklng reasonable steps ft)r the prevention and deteclion of fraud and other Irregularitiès. Audltor In accordance with the company's articles. a resolutlon proposing Ihat GMCG BELFAST be reappointed as audltor of the company, wlll be put at a General Meeting. Disclosure of Informatlon to auditor Each of the trustees has confirmed that there Is no Informallon of whlch they are aware whlch Is rél8vant to the audlt, but of which the audbtor Is unaware. They have further confirmed that they have taken approprlate steps lo identlfy such relevant information and to establish that the audltor Is aware of such informatlon. The Twst ' Report was approved by the Board of Trustees. Mr O Donnelly Trustee Dat•: 19

MIND WISE NEW VISION

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MIND WISE NEW VISION

Opinion

We have audited the financial statements of Mind Wise New Vision (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

MIND WISE NEW VISION

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MIND WISE NEW VISION

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our 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 directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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MIND WISE NEW VISION

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MIND WISE NEW VISION

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

MIND WISE NEW VISION

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MIND WISE NEW VISION

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing potential risks of material misstatement in respect of irregularities, including fraud and non-compliances with laws and regulations, we considered the following:

· Any matters we identified having obtained and reviewed the company’s documentation of their policies and procedures relating to:

· The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the company for fraud and identified the greatest potential for fraud in revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty.

MIND WISE NEW VISION

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MIND WISE NEW VISION

Audit response to risks identified

Our procedures to respond to the risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In addition, as with any audit, there remains a higher risk of non-detection of irregularities, as they may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect noncompliance with all laws and regulations.

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

MIND WISE NEW VISION INDEPENDEMf AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MIND WISE NEW VISION U80 of our report Thls report Is made solely to the charllable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our audit work ha8 been undertaken so that we might slate to the charltable company's members those matters wa are required lo stale lo them in an auditor's report and for no other purpose, To the fullest exlenl permitted by law, we do nol accept or assume responsibility to anyone olher than the d￿rftable company and the charitable company's members as a body. for our audit wortt, for this report, or for the oplnlons we have formed. Mrn Su•an Dunlop FCA Isonlor Slatutory Audltorl for and on behalf of GMCG BELFAST 29 Seplember 2025 Chartered Accountants Statutory Audltor Chartered Accountants & Stalulory Auditor Alfred House 19 Alfr8d Street Belfast BT2 8EQ -25- Alfred House Ccnlury Hou 17MandevlU¢ Stt¢et BVI￿￿$r rr2 8EQ DX3910 NR B¢lf4# 50 tISBURN r28 2GN 62 3PY Tel.. +44 (o)28 90311113 . +44 {0)28 9031 0777 Td: +44 (0)28 9260 T&55 . +44 (0)28 9260 16s6 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293

MIND WISE NEW VISION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and
legacies
3
71,662
79,368
Charitable activities
4
2,929,217
1,887,087
Other trading
activities
5
192,101
-
Investments
6
20,526
-
Total income
3,213,506
1,966,455
Expenditure on:
Raising funds
7
21,490
-
Charitable activities
9
3,300,579
1,901,430
Total expenditure
3,322,069
1,901,430
Net (losses)/gains on
investments
15
(10,291)
-
Net (outgoing)/incoming
resources before
transfers
(118,854)
65,025
Gross transfers
between funds
(12,096)
12,096
Net movement in funds
(130,950)
77,121
Fund balances at 1 April
2024
1,381,886
209,137
Fund balances at 31
March 2025
1,250,936
286,258		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
151,030
84,359
81,075
4,816,304
2,800,539
1,507,059
192,101
193,947
-
20,526
17,975
-
5,179,961
3,096,820
1,588,134
21,490
14,878
-
5,202,009
3,236,496
1,543,487
5,223,499
3,251,374
1,543,487
(10,291)
64,008
-
(53,829)
(90,546)
44,647
-
-
-
(53,829)
(90,546)
44,647
1,591,023
1,472,432
164,490
1,537,194
1,381,886
209,137		 Total
2024
£
165,434
4,307,598
193,947
17,975
4,684,954
14,878
4,779,983
4,794,861
64,008
(45,899)
-
(45,899)
1,636,922
1,591,023

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 29 to 48 form part of these financial statements.

MIND WISE NEW VISION BALANCE SHEET ASAT 31 MARCH 2025 2025 2024 Notes Flxed assets T8ngibla assels Investments 17 18 375,317 650.120 400,217 652,080 1,025.437 1.052,297 Current assets Debtors Cash at bank and In hand 19 432,542 459,144 490.436 448,408 891,686 938,844 C￿dItOrs. amount8 falling du• wlthln on• year 20 {379.929) (400.118) Net Guffent assets 511,757 538.726 Total asset8 legs euff•nl Ilabllllles 1.537.194 1,591,023 Income fund8 Reslricl8d funds restricted lund Designated funds: Long tomi fund Other des&gnated funds 22 286,258 209,137 351,759 191,380 363,236 359,249 23 543,119 707.817 722,485 659,401 General unrestricted funds 1,250.936 1,381,888 1,537,194 1,591,023 These financi81 statements have been prepared in accordance with the provislon8 appli¢able to companies subJ8Ct to the Small companies reglme. The financial ststements were approved by the Trustees on MS C Colleary Tru$lee Mr O J Dmnally TN5t•• Company roglstratlon number N1071976 -27-

MIND WISE NEW VISION

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

2025
Notes
£
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
29
Investing activities
Purchase of tangible fixed assets
(6,117)
Purchase of investments
(122,956)
Proceeds from disposal of investments
87,477
(Increase)/decrease in cash held in
investment portfolio
27,148
Investment income received
20,526
Net cash generated from/(used in)
investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 £
4,658
6,078
-
10,736
448,408
459,144		 2024
£
£
(158,513)
(17,007)
(42,187)
43,123
(7,131)
17,975
(5,227)
-
(163,740)
612,148
448,408

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Mind Wise New Vision is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Pinewood House, 46 New Forge Lane, Malone Road, Belfast, BT9 5NW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

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

1.3 Charitable funds

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

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

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

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

In accordance with the Charities SORP (FRS 102), the general volunteer time of supporters is not recognised.

Grants, service agreements, fee income and grants for equipment are recognised in the period in which they are receivable.

Income is deferred only when the Charity has to fulfil conditions before becoming entitled to it or where the donor/ funder has specified that the income is to be expended in a future period.

Members' subscriptions are taken to income on a received basis.

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity.

Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

All expenditure is inclusive of irrecoverable VAT.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land, buildings and property improvements 2% straight line and 4% straight line Furniture and equipment 25% straight line Computer equipment 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

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

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Taxation

The company is a registered charity and the charitable tax exemptions are therefore being claimed to the extent that income and/or gains are applicable and applied to charitable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charitable purposes only.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

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

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

1.14 Leases

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

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

Fixed assets

The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The directors regularly review these asset lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and amortisation charges for the period. Detail of the useful lives is included in the accounting policies.

Debtors

Short term debtors are measured at transaction price, less any impairment. Impairment of such debtors involves some estimation uncertainty.

Restricted and unrestricted funds

Judgements are made in relation to allocation of income and expenditure to restricted and unrestricted funds. The directors consider it appropriate to allocate these funds based on interpretation of amounts received.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 71,662 79,368 151,030 84,359 81,075 165,434

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Income from charitable activities

Housing
2025
£
Services provided
under contract
260,133
Performance related
grants
5,000
Fees for domiciliary
care
2,544,442
Less: deferred income
-
2,809,575
Analysis by fund
Unrestricted funds
1,644,813
Restricted funds
1,164,762
2,809,575
For the year ended 31 March 2024
Housing
£
Services provided under
contract
146,910
Performance related
grants
20,000
Fees for domiciliary
care
2,433,241
Less: deferred income
-
2,600,151
Analysis by fund
Unrestricted funds
1,577,911
Restricted funds
1,022,240
2,600,151		 Community
2025
£
702,339
295,876
-
(9,137)
989,078
693,202
295,876
989,078
Community
£
624,659
94,231
-
8,359
727,249
633,018
94,231
727,249		 Advocacy
Therapeutic
Support &
Training
Management
and Support
2025
2025
2025
£
£
£
558,717
32,781
-
165,379
162,125
98,945
-
-
-
(161)
(135)
-
723,935
194,771
98,945
558,556
32,646
-
165,379
162,125
98,945
723,935
194,771
98,945
Advocacy
Therapeutic
Support &
Training
Management
and Support
£
£
£
553,551
9,521
-
139,546
186,096
64,946
-
-
-
(99)
26,637
-
692,998
222,254
64,946
553,452
36,158
-
139,546
186,096
64,946
692,998
222,254
64,946		 Total
2025
£
1,553,970
727,325
2,544,442
(9,433)
4,816,304
2,929,217
1,887,087
4,816,304
2024
£
1,334,641
504,819
2,433,241
34,897
4,307,598
2,800,539
1,507,059
4,307,598

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from training and therapeutic support 192,101 193,947
6 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from listed investments 12,952 11,643
Interest receivable 7,574 6,332
20,526 17,975
7 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Support costs (see note 11) 21,490 14,878

8 Charitable activities income and expenditure reclassification

During the year, the charity revised the classification of charitable income and expenditure across activities. Comparative figures have been reclassified accordingly in notes 4 and 9 to reflect the new presentation.

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Expenditure on charitable activities

Staff costs
Depreciation and impairment
Charitable activities
Share of support costs (see note 11)
Share of governance costs (see note 11)
Analysis by fund
Unrestricted funds
Restricted funds		 Housing
Community
Advocacy
Therapeutic
Support &
Training
Management
and Support
2025
2025
2025
2025
2025
£
£
£
£
£
1,523,401
616,731
593,494
162,114
-
-
602
310
-
-
715,100
195,989
107,868
332,057
-
2,238,501
813,322
701,672
494,171
-
486,890
119,071
95,287
78,671
152,934
-
-
-
-
21,490
2,725,391
932,393
796,959
572,842
174,424
1,578,147
684,557
619,232
327,823
90,820
1,147,244
247,836
177,727
245,019
83,604
2,725,391
932,393
796,959
572,842
174,424		 Total
2025
£
2,895,740
912
1,351,014
4,247,666
932,853
21,490
5,202,009
3,300,579
1,901,430
5,202,009		 Total
2024
£
2,567,142
682
1,336,104
3,903,928
861,177
14,878
4,779,983
3,236,496
1,543,487
4,779,983

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Expenditure on charitable activities (Continued)

For the year ended 31 March 2024

Staff costs
Depreciation and impairment
Charitable activities
Share of support costs (see note 11)
Share of governance costs (see note 11)
Analysis by fund
Unrestricted funds
Restricted funds		 Housing
Community
Advocacy
Therapeutic
Support &
Training
Management
and Support
£
£
£
£
£
1,399,327
517,460
494,528
155,827
-
-
682
-
-
-
768,480
157,037
101,360
309,227
-
2,167,807
675,179
595,888
465,054
-
393,369
91,500
73,746
72,622
229,940
-
-
-
-
14,878
2,561,176
766,679
669,634
537,676
244,818
1,496,645
649,076
564,927
312,978
212,870
1,064,531
117,603
104,707
224,698
31,948
2,561,176
766,679
669,634
537,676
244,818		 Total
2024
£
2,567,142
682
1,336,104
3,903,928
861,177
14,878
4,779,983
3,236,496
1,543,487
4,779,983

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Description of charitable activities

Housing

MindWise provides high quality stable homes and a range of services to help individuals live independently. MindWise has developed a housing continuum reflecting the ‘Stepped Care’ service model from Hospital to independent living.

Community

MindWise delivers a number of services within the community. This includes:

Advocacy

This encompasses the following services:

Therapeutic Support & Training

This encompasses the following areas of work:

Management and Support

This relates to the central management of the Charity.

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

11
12		 Support costs allocated to activities
Staff costs
Depreciation
Recruitment
Travel
Insurance
Premises Costs
Advertising
Office Costs
Legal and Professional fees
Activities
ICT Costs
Other
Governance costs
Analysed between:
Raising funds
- Fundraising
Charitable activities
- Housing
- Community
- Advocacy
- Therapeutic Support and Training
- Management and Support
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets		 2025
£
682,304
30,105
6,942
8,393
6,757
21,100
11,979
23,198
74,698
7,124
77,437
4,306
21,490
975,833
21,490
486,890
119,071
95,287
78,671
174,424
975,833
2025
£
9,000
31,017		 2024
£
670,388
29,562
5,067
9,095
8,794
15,003
7,407
25,664
30,050
32,678
39,857
2,490
14,878
890,933
14,878
393,369
91,500
73,746
72,622
244,818
890,933
2024
£
5,556
30,244

13 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Employees

The average monthly number of employees during the year was:

Charitable activities
Management and administration
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000
is as follows:
£60,001 - £70,000
£70,001 - £80,000
£80,001 - £90,000
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 2025
Number
118
16
134
2025
£
3,132,614
269,100
176,330
3,578,044
2025
Number
2
-
1
2025
£
248,461		 2024
Number
123
14
137
2024
£
2,845,745
234,271
157,514
3,237,530
2024
Number
-
1
-
2024
£
225,526

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15 Net gains/(losses) on investments

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2025 2024
£ £
Gain/(loss) on revaluation of investments (8,065) 64,463
Loss on sale of investments (2,226) (455)
(10,291) 64,008

16 Taxation

The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year.

17 Tangible fixed assets

Land,
buildings and
property
improvements
Furniture and
equipment
Computer
equipment
£
£
£
Cost
At 1 April 2024
563,514
70,610
100,963
Additions
-
-
6,117
At 31 March 2025
563,514
70,610
107,080
Depreciation and impairment
At 1 April 2024
200,278
61,509
73,083
Depreciation charged in the year
11,477
4,070
15,470
At 31 March 2025
211,755
65,579
88,553
Carrying amount
At 31 March 2025
351,759
5,031
18,527
At 31 March 2024
363,236
9,101
27,880		 Total
£
735,087
6,117
741,204
334,870
31,017
365,887
375,317
400,217

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

18 Fixed asset investments

Cost or valuation
At 1 April 2024
Additions
Valuation changes
Net realised investment loss
Increase/(decrease) in cash holding
Disposals
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
19
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
20
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
21
Trade creditors
Other creditors
Accruals		 Listed
investments
£
652,080
122,956
(8,065)
(2,226)
(27,148)
(87,477)
650,120
650,120
652,080
2025
2024
£
£
193,191
307,387
239,351
183,049
432,542
490,436
2025
2024
£
£
61,749
59,724
15,113
5,679
90,591
98,590
679
19,789
211,797
216,336
379,929
400,118

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

21
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2025		 2025
2024
£
£
15,113
5,679
2025
2024
£
£
15,113
5,679
5,679
40,556
(5,679)
(40,556)
15,113
5,679
15,113
5,679

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

22 Restricted funds

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

Balance at
1 April 2023
£
Big Lottery Fund - Linked In Project
5,163
Big Lottery Fund - NI Families Network
1,306
Mental Health UK Funded Services
1,143
BBC Children in Need
4,074
NIHE Supporting People
69,041
Department of Health Revenue Grant
-
Department of Health Training Grant
-
Comic Relief
5,470
Community Foundation Housing & Homelessness Project
-
Community Foundation NI Wellness Programme
17,951
Agnew Beyond Bricks
60,342
Community Fund Psychological Therapies
-
The National Lottery Community Fund Dormant Accounts
Fund NI
-
Ulster Garden Villages
-
The National Lottery Community Fund - Wellness Service
-
NIHE Tenancy Bridge Building
-
General Donations for Young People's Programmes
-
MacMillan Psychosocial Service NI
-
164,490		 Movement in funds
Incoming
resources
Resources
expended
Balance at
1 April 2024
£
£
£
-
(5,163)
-
11,767
(7,011)
6,062
296,498
(297,624)
17
-
-
4,074
1,002,240
(1,058,197)
13,084
31,946
(31,946)
-
2,206
(2,206)
-
-
(5,430)
40
20,000
(6,334)
13,666
49,402
(56,365)
10,988
81,075
(57,476)
83,941
20,000
-
20,000
33,000
(15,735)
17,265
40,000
-
40,000
-
-
-
-
-
-
-
-
-
-
-
-
1,588,134
(1,543,487)
209,137		 Movement in funds
Incoming
resources
Resources
expended
Transfers
31
£
£
£
-
-
-
-
(6,062)
-
331,571
(331,588)
-
-
(4,074)
-
1,113,626
(1,106,272)
7,471
31,945
(31,945)
-
8,164
(8,164)
-
-
(40)
-
5,000
(18,666)
-
-
(14,474)
3,486
75,439
(65,763)
-
-
(17,114)
-
67,000
(51,659)
-
-
(12,347)
-
166,653
(93,963)
-
46,135
(22,306)
1,139
3,929
-
-
116,993
(116,993)
-
1,966,455
(1,901,430)
12,096		 Balance at
March 2025
£
-
-
-
-
27,909
-
-
-
-
-
93,617
2,886
32,606
27,653
72,690
24,968
3,929
-
286,258

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

22 Restricted funds (Continued)

The restricted funds of the charity comprise the following:

Big Lottery Fund- Linked In Project: Funding received to deliver the Linked In Project which works with young people aged 13-24 who are due to leave or have just left police custody. As agreed with the funder, expenditure in 2024-2025 was used to deliver psychological therapies to young people.

Big Lottery- NI Families Network: Funding to deliver the Family Wellness Project which is an early intervention mental health project for children aged 5-12 and their families.

Mental Health UK Funded Services: Funding to deliver the Money Advice Service, the Navigator programme, the Neptune Digital Inclusion Project, the Young People's Wise Talking programme, Bloom, Your Resilience, Digital Inclusion project and Beyond Bricks.

BBC Children in Need: Funding to support the strategic development of young people.

NIHE Supporting People: Funding to deliver support to adults with mental health problems within housing services and within the community.

Department of Health Revenue Grant: Funding to to support the Charity’s regional infrastructure for the purposes of advancing the sustainable development of its activities, namely a diverse range of recovery community-based services, advocacy, carers support and Talking Therapies.

Department of Health Training Grant: Funding to support staff development within MindWise.

Comic Relief: Funding received to deliver the New Mothers’ Wellness Project.

Community Foundation Housing & Homelessness Project: Funding from the Oak Housing and Homelessness Innovation and Voice Fund to employ a Peer Support Worker to support clients prior to, during and post moving to a new tenancy.

Community Foundation NI Wellness: Funding to deliver the Family Wellness Project which is an early intervention mental health project for children aged 5-12 and their families.

Agnew Beyond Bricks: Funding to deliver a Lego®-based play intervention within primary schools to enhance children's overall mental health and wellbeing.

Community Fund Psychological Therapies: Funding for the delivery of psychological therapies to young people.

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

22 Restricted funds (Continued)

The National Lottery Community Fund Dormant Accounts Fund NI: Funding to grow the Charity's digital skills and capacity, to develop and implement a data strategy and to implement an integrated information management platform to enable sustainable growth and build organisational resilience.

Ulster Garden Villages: Funding for a Mental Health Money Advisor within the Mental Health and Money Advice Service.

National Lottery Community Fund - Wellness Service: A new funding stream from the National Lottery under the People & Communities Fund to deliver support through a Family Wellness Project and Mums Wellness Project. These programmes provide counselling, play therapy, parenting workshops, and peer support for children aged 5-12 and new and expectant mothers across Fermanagh and Omagh.

NIHE Tenancy Bridge Building: Funding from the Northern Ireland Housing Executive to provide tenancy support to a range of clients from the South Antrim area.

General Donations for Young Peoples’ Programmes : Donations received through the delivery of Bloom and Your Resilience which will be invested in the development and delivery of these programmes.

Macmillan Psychosocial Service NI: Funding received from Macmillan Cancer Support to work in partnership with them to ensure that people affected by cancer are given the right support to help them cope with the emotional impact of their diagnosis and illness.

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

23 Unrestricted funds

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

Transfers from general funds to restricted funds are made to cover the remaining costs incurred for specific projects which have not been met from other restricted monies. In addition:

Designated fund
Long term fund
General funds
Previous year:
Designated fund
Long term fund
General funds		 At 1 April
2024
Incoming
resources
Resources
expended
£
£
£
359,249
-
(167,889)
363,236
-
(11,477)
659,401
3,213,506
(3,142,703)
1,381,886
3,213,506
(3,322,069)
At 1 April
2023
Incoming
resources
Resources
expended
£
£
£
564,474
-
(205,225)
374,713
-
(11,477)
533,245
3,096,820
(3,034,672)
1,472,432
3,096,820
(3,251,374)		 Transfers
Gains and
losses
At 31 March
2025
£
£
£
-
-
191,360
-
-
351,759
(12,096)
(10,291)
707,817
(12,096)
(10,291)
1,250,936
Transfers
Gains and
losses
At 31 March
2024
£
£
£
-
-
359,249
-
-
363,236
-
64,008
659,401
-
64,008
1,381,886

The designated funds of the Charity comprise the following:

Long Term Fund: This reserve reflects the amount of reserves tied up in buildings held by the Charity.

Designated Fund: This reserve is a fund which the trustees have set aside to ensure the sustainable development of the organisation, with a particular focus on supporting the implementation of the recommendations of an organisational review completed in 2018-2019 and transforming the Charity to support client engagement and digital delivery with enhanced information systems.

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

24
Analysis of net assets between funds
Unrestricted
funds
Designated
funds
Restricted
funds
2025
2025
2025
£
£
£
Fund balances at 31 March 2025 are represented
by:
Tangible assets
21,992
353,325
-
Investments
650,120
-
-
Current assets/(liabilities)
35,705
189,794
286,258
707,817
543,119
286,258		 Total Unrestricted
funds
Designated
funds
Restricted
funds
2025
2024
2024
2024
£
£
£
£
375,317
26,033
374,184
-
650,120
652,080
-
-
511,757
(18,712)
348,301
209,137
1,537,194
659,401
722,485
209,137		 Total
2024
£
400,217
652,080
538,726
1,591,023

MIND WISE NEW VISION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

25 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 176,330 157,514

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

26 Members' liability

The company is limited by guarantee not having a share capital. The company is registered with the Charity Commission for Northern Ireland, reference number 103469. At 31 March 2025 the company had 563 members (2024 - 541), each of whom agrees to contribute £1 in the event of the Charity winding up.

27 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

28 Contingent liabilities

A portion of grants received become repayable if the company fails to comply with the terms of the letters of offer.

29
Cash generated from/(absorbed by) operations
Deficit for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Increase/(decrease) in deferred income
Cash generated from/(absorbed by) operations
30
Analysis of changes in net funds		 2025
2024
£
£
(53,829)
(45,899)
(20,526)
(17,975)
2,226
455
8,065
(64,463)
31,017
30,244
57,894
(210,081)
(29,623)
184,083
9,434
(34,877)
4,658
(158,513)		 2025
2024
£
£
(53,829)
(45,899)
(20,526)
(17,975)
2,226
455
8,065
(64,463)
31,017
30,244
57,894
(210,081)
(29,623)
184,083
9,434
(34,877)
4,658
(158,513)

The charity had no material debt during the year.