MfNTAI WEALTh ACADEMY Mental Wealth Academy (Scotland) Trustees, Annual Report and Accounts From 2310912023 to 3010912024
Charity contact infonnation Your charity's name: Mentsl Wealth Academy (Scotland) Scottish Charity Number. SC052843 Address: Brooksbank Centre Prtairfie Road Mid Craigie Dundee Postcode: DD4 8DG Email address: mentslwealthacademy@oullook.com
Charlty Trustees
Objectives and activities The Mental Wealth Academy (MWA) has been formed on the principle that people with lived experience of mental health problems are skilled, knowledgeable and tslented, and not just about Mental Health. The MWA seeks to provide a platform for members affected by Mentsl Health problems to be able to use these skills knowledge and tslents to benefit themselves, each other and the wider community. Our activities over this first year as an independent tharity have been focussed in two strands of woth. The first of these is the development of workplace training for managers, designed to promote the understsnding of the Importan of and benefits of mentally healthy workplaces, and provide tools to help achieve this. The second strand is a Systematic Review looking at the effectiveness of Expert by Experien developed and delivered in community and public settings. In addition to these, we worked with Abertay University to provide face to face contact belween mental health nursing students and people with mental health problems. This provide a chance to meet us when we are well, and ask questions of us thal might be inappropriate in professional context, but invaluable in professional development. To support and facilitste this work we applied for and reiVed grant funding at the start of this year. Moving from being a hosted project with a charity, to standing separately as an independent charity has proven to be a challenging task in practice, and the trustee policy of caution has resulted in slower than hoped progress. We have met to continue with the strands of work on a limited basis thanks to the gra of other local groups that share our values.
Structure, governance and management Type of governing document The Mental Wealth Academy operates as a two tier Scottish Charitable Incorporated Organisation. Trustee recruitment and appoinkn)ent After the resignation of two of the three initial trustees due to health consideration earlier this year, a General Meeting was held, and additional trustees elected from the membership. We are currently seeking to recruit additional trustees to bring experience to the Board, either as elected trustees with suitsble skills, or as co-opted trustees who share the values of the Mental Wealth Academy.
Achievements and perforniance In our first full calendar year, we successfully applied for fvnding to support our two strands of work, being awarded £8665.80 in total from the Communities Mental Health and Wellbeing Fund. As noted, we have had the resignation of two of the initial trustees, that lead to delays in completing govemance guidelines, and banking arrangements that would have enabled us to pursue the full strands of work funded. The Board decided to adopt a cautious approach, and activities were paused while these matters could be effectively resolved. In consequen, only limrted progress was made toward the charitable objectives, and none of the funds were spent in this financial year.
Financial review Income Expenditure Balance £O.(K) £1,185.C#) £0. £2,IXKI.(M) Researth, Room Hire Article submission Totsl Research Group Budget £1.185.C £2.(XKI.(XI £QIX) £3.185.lY) Tralnlnt Caterlng for trainin8 Trainin8 room hire Meeting room hire Branded materials VolunteerTravel Expenses £1.2(M).(xi £1.21K).(M) £2.140.80 £51K).C £2.¢1) £0.00 £1,2(Kl.IXI £0.00 £1,2(M).(Kl £O.CKI £2.140.80 £O.(KJ £5(X). £0. £200.IXI Totsl trainin8 group Budget £5M)AI £o.(N) £5,480.80 Year Totsl Notes to Accounts £8.665.80 £o.IX) £8,665.80 Restricted funds are held for each stream of worf(. The current streams of work with funds are: 1. The Research worf(ing group 2. Training working group No grants were paid out by the Charity. No renumeration or expenses were paid to trustees in the current financial year. There were no transactions with either Trustees or connected persons. ststement of the charity's policy on reserves As a newly fonned charity the intention is to build up unrestricted reserves in the long term, however as there are no unfunded committed future costs there is no immediate reserves policy.
Future plans With the state of govemance much improved, the focus is on achieving partial success in training delivery in accordance with the terns of the appropriate grant, ensuring that related expenditure is suitsbly proportionate.
Declaration Signed on behalf of ttE charity trustees: Print name De8ignation Date 11 /iil£Ql*
Mental Wealth Academy (Scotland) Independent ExaMineS Report To the Trustees of Mentsl Wealth Academy (Scotland) SC052843 I report on the accounts of the charity for the period 23 September 2023 to 30 S8Ptemb8r 2024 which are set out on pa&E 7 of the Trustees Annual Report ¥KI Accounts. Respective responsibilities of Trustees and examiner The charity's Trustees are resp(sIb for the preparatn of the financial statements In accordance with the tems of Ihe Chanties arKI Trustee Investment (Scotland) Acl 2005 and the Charities Accounls (scotld) RaJulaticns 20CE (as amended). The charity's Trustees consider that the audit requirement of Regulation 10{1) (d) of the 2006 AccoLAnts Regulations does not apply. It is my resp)nsibility to examine the financ491 statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to attention. Basls of independent examlnerfs statement My examination is carried out In accordance with Regulation 11 of 2006 Accounts Regulations. An exam ination includes a review of the aCunting records kept by the charity 8no a comparlson of the accounis pres8nted with Ihose records. 11 also includes consideralion of any unusual iterns or disdosures In the finanoal statements, and seeks explanations from the trustees concerning any such matters. The procedures urKJertaken do not provide all the evidenca that would bé ruired in an audit and consequently I do not express an audit cpinion on the view given by the financial statements. Independent examinerfs statement In connection with my examination, rK> matter has come to my attention.. a) which gives me reasonable cause to believe th8t in any material respect the requirements: (I) to keep accounting records In accordance with section 44(1) la) of the 2005 Act and Regulation 4 of the 2006 Acc(ntS Ragulatior6,' and (li) to praparè financial statements whith accord wrth the ac£cxJnti reWdS and comply with Regulation 8 of tha 2006 Accounts Regulations; have not been met or (bl to which, in my opinion, attention should be drawn in order to 8b18 a prop8r understanding of the accounts to reached. Signed .'