Charity registration number NIC103469
Company registration number NI071976 (Northern Ireland)
MIND WISE NEW VISION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
MIND WISE NEW VISION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms C Colleary
Mr O J Donnelly
(Appointed 13 April 2023)
Ms E Duffy
(Appointed 1 September 2022)
Mr C R Eisenstadt
(Appointed 1 September 2022)
Ms T Majury
Dr D McCartan
(Appointed 1 September 2022)
Ms J McClinton
Mr C McMinn
Ms F Rooney
(Appointed 22 August 2023)
Secretary
Ms S Weiniger
Charity number
NIC103469
Company number
NI071976
Registered office
Pinewood House
46 New Forge Lane
Malone Road
Belfast
BT9 5NW
Auditor
GMcG BELFAST
Chartered Accountants & Statutory Auditor
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
Bankers
Ulster Bank Limited
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
Mason Hayes & Curran
Barrow Street
Dublin 4
Ireland
MIND WISE NEW VISION
CONTENTS
Page
Chairperson's report
1
Trustees' report
2 - 16
Independent auditor's report
17 - 22
Statement of financial activities
23
Balance sheet
24
Statement of cash flows
25
Notes to the financial statements
26 - 45
MIND WISE NEW VISION
CHAIRPERSON'S REPORT
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

2022-2023 was another exceptional year for MindWise during which we launched our new five year strategy Our Strategy: What we're going to achieve in 2022-2027 (mindwisenv.org) which lays out our plans for the years ahead (2022-2027). The targets set for the first year 2022-2023 were ambitious! However, amidst the absence of a functioning government, a Northern Ireland Executive Budget, a healthcare workforce crisis, a cost-of-living crisis and the legacy issues of Covid-19 MindWise has continued to go from strength to strength. 

Most importantly we continued to support and expand our operations across Northern Ireland. Our Housing services directly supported 328 people; our Community services supported 832 people; our Psychological Therapists supported 787 people and our Information, Advice and Advocacy Services supported 5,728 people. In addition, we delivered educational programmes to employers who are committed to creating mentally healthy workplaces for their staff, and notably we reached 665 employees through these programmes. We also delivered mental health resiliency programmes to over 110 cohorts in schools and community groups across Northern Ireland, allowing us to reach 3,885 children and young people. In short, we supported more people throughout the year than we had planned, and we envisage reaching even more people in the years ahead. High quality community based mental health services are desperately needed in Northern Ireland and MindWise continues to be a service provider, an employer and partner of choice for most.

In support of our work, I would like to take this opportunity to particularly thank the Agnew Group. MindWise has been Agnew Charity Partner for nearly three years now and without their support we could not have developed and expanded our work with children and young people. Building our children’s resiliency remains a primary goal for MindWise and wider society, yet all too often our children are forgotten. Notably the health budget continues to be expended on adult services (92% approximately) while child and young people’s mental health services struggle with the remaining 8%; there appears to be no real drive for change. However, MindWise will continue to push for increased investment in child and adolescent mental health services throughout the life span of Our Strategy and beyond. During this last year we commissioned, via the All-Party Working Group on Mental Health, an Enquiry into the provision of Mental Health Education and Early Intervention across education settings in Northern Ireland. The report will be launched in 2023 and it is hoped that this will take us a step further in securing the much needed support for our children. 

In commending this Trustees’ Report I would be remiss if I were not to thank our highly valued, dedicated and respected team (staff, volunteers and clients) which works together to ensure everyone who comes into contact with MindWise is supported to live their best lives. I would also like to say a special thanks to those trustees', including Tom Haire, Chairperson, who retired during the year, leaving a well governed organisation. 

 

We have much to be proud off and yet there remains much to be done! 

..............................
Mr C McMinn
Chairman
Date: .........................
MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -

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 2023.

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 2022-2023 was the first 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:

 

 

 

 

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -

 

 

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:

1.1 Psychological/talking therapies for people of all ages.

1.2 Housing care and support services for adults with mild, moderate, severe and enduring mental health issues.

1.3 Community support services for adults with mild, moderate, severe and enduring mental health issues.

1.4 Family and carer support services.

1.5 Information, advice and advocacy services for people of all ages.

1.6 We will also develop our early intervention and prevention strategies and service provision. 'We want to create an organisation which supports people to access support early, thereby reducing the need for specialist or crisis intervention’.

1.7 We are creating an organisation where person-centred care and support focuses on recovery and discovery throughout the life cycle (ages 0 – end of life).

  1. 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:

2.1 Delivering training and educational programmes to schools, colleges, employers and key decision makers. It is estimated that poor mental health costs the NI economy £2 billion per annum. Employers who invest in employee mental health secure, on average, £5 for every £1 spent.

2.2 Ensuring mental health remains high on the public agenda by encouraging open dialogue, understanding and acceptance.

2.3 Influencing mental health policy, legislation and practice via mental health and wellbeing campaigns, for example: How to protect and maintain mental health and wellbeing; How to create a mentally healthy society where discrimination is not tolerated; How to address drivers for poor mental health across society.

2.4 We will also create an organisation where the people we work with and for are aware of and supported to access their rights under the United Nations (UN) Human Rights and UN Convention on the Rights of the Child (UNCRC).To support recovery through the expansion and development of creative and innovatory models of best practice and services.

2.5 Enhancing the digital literacy of our clients, staff and volunteers.

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:

3.1 Enhancing the digital literacy of our clients, staff and volunteers.

3.2 Investing in our digital systems and processes.

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -

3.3 Pilot and roll out digital services and offer new delivery approaches for existing services.

3.4 Developing our Impact Measurement Frameworks.

4. We will sustainably develop and grow.

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

4.1 Strengthening our approach to client engagement at every level in the organisation and beyond.

4.2 Strengthening our partnerships and collaborative approaches across Northern Ireland, the UK and the Republic of Ireland.

4.3 Developing an organisational culture, system and practice which is Trauma informed.

4.4 Train, recruit and retain a highly skilled workforce which is flexible and adaptable and which can meet the ever changing and complex environment in which we work and live.

4.5 Evidence our value for money (cost, quality and impact) and client satisfaction by sustainably developing and growing as an organisation.

4.6 Retaining our quality markers (Investing in People, Investing in Volunteers.

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 under our four goals below.

Goal 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.

Specific achievements follow for each area portfolio:

Housing and Independent Living:

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -

Community:

 

 

 

 

 

 

 

 

Information, advice and advocacy:

 

 

The demand for advocacy continued to increase across the South-Eastern Health and Social Care Trust advocacy delivery sector. Similar to 2021-2022, the main requests for our independent advocacy services were in the arena of Welfare Reform and benefits (applications and information). This was followed by issues raised in relation to treatment programmes, ward issues along with best interest meetings in the Ulster Hospital, Lagan Valley, Downshire, and care facilities. The value of the service, its credibility, and standing in the Trust catchment areas was clearly demonstrated in that an extremely high proportion of referrals came from Mental Health Professionals including community psychiatric nurses, psychiatrists and hospital ward staff.

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -

 

 

 

 

Talking therapies:

 

 

 

 

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 7 -

 

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

Since September 2019 we have been delivering ‘Bloom’ within local schools. Bloom is a UK-wide programme, funded by Lloyds Banking Group (incorporating Halifax in Northern Ireland) and delivered in Northern Ireland by MindWise on behalf of Mental Health UK. The programme supports young people’s mental health resilience and is delivered in schools and colleges to 14-16 year-olds and 17-18 year-olds. Over the last year we trained 279 teachers in Northern Ireland to deliver Bloom within their schools, which resulted in 2,149 young people taking part in the Bloom programme within those schools.

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 8 -

In addition to Bloom, we deliver the ‘Your Resilience’ programme, funded by the Allan & Gill Gray Foundation, to coaches and young people involved in sports. The Bloom and Your Resilience programmes are very similar, with the key difference being the settings that they are being delivered in; Bloom is delivered in schools whilst Your Resilience is delivered in sports settings. For both programmes, we train the teachers/coaches, then co-deliver the programme to two cohorts aged 14-18 years across six weeks, providing all resources, including teacher/coach guides and workbooks for the young participants. It is the hope that the schools/clubs then continue with delivery using the resources that we provide. Over the last year we trained 102 professionals which resulted in 146 young people taking part in the Your Resilience programme.

The Beyond Bricks programme was developed over the last year, with the help of teachers, Special Educational Needs specialists, young people, educational physiologists and training associates. Beyond Bricks, which is delivered in primary schools, is a Lego based play programme for 9-11 year olds that will support them in developing their social skills and resilience to recover from the pandemic and enhance their overall mental health and wellbeing. The programme was funded during the year by Lloyds Banking Group through Mental Health UK (MHUK) and the later in the year by the Agnew Group. Beyond Bricks has been able to support 1,590 children across NI. With the support from Agnews Group 44 teachers have been trained on the delivery and theory behind the Lego based play therapy programme; of these 44 teachers 97% said that Beyond Bricks training had increased their knowledge of children's emotional and mental health and how to support children develop skills to build resilience.

 

 

 

 

 

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

 

 

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 9 -

The Digital Transformation Strategy 2023-2025 has seven strands:

 

  1. Skills & Structures – skills development programmes alongside creation and support for collaborative team structures needed for digital systems, products, and services development.

  2. Data Management – developing data as a key organisation asset to enable efficiencies, security, compliance, demonstrating impact and as a platform for future proofing and developing opportunities in service and product development.

  3. Service Design – embedding user centred design processes into digital products and services development.

  4. In-House Development Capability – developing our capacity and capability in using best-of-breed technologies to improve and develop new systems that meet our needs, on an ongoing and iterative improvement basis.

  5. Collaboration & Innovation – building internal and external collaboration to support innovation.

  6. Technology & Infrastructure – ongoing management and development of a fit for purpose technology infrastructure.

  7. Security, Governance, Risk & Compliance – focusing on meeting best practice and regulatory requirements across data, digital and technology services.

 

 

Goal 4: We will sustainably develop and grow.

 

 

 

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 10 -
Financial review

 

The year 2022-2023 showed a negative net movement in funds of £15,279. Restricted Funds showed a positive movement of £88,587. Unrestricted Funds showed net expenditure of £103,855, due to the charity expending funds held from prior financial years. This result was better than planned and was due to reduced salary costs as a result of recruitment issues which continue to face the whole of the health and social care sector. The trustees have developed a plan to expend reserves generated in prior years, particularly in the year 2021-2022 when the Charity generated a large surplus as a result of delays in expenditure to mitigate the potential negative impact of Covid. The Charity had planned to expend £331,385 from this Fund in the year 2022-2023, but due to delays arising from challenges in appointing staff, the Charity expended the lower amount of £220,663. In the year 2022-2023 the trustees transferred £137,930 from the General Fund to the Designated Fund to fund posts within the Mental Health and Money advice Service and to fund digital developments and support within the organisation. 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 time-limited programme funding, sales and investment income. An analysis of income by type is as follows:

 

Source

Income

% of total

Income from Service Level Agreements

£1,311,687

29%

Grants and one-off fees

£605,975

13%

Fees for domiciliary care

£2,248,125

50%

Other income

£350,408

8%

Total

£4,516,195

100%

 

An analysis of income by activity is as follows:

 

Activity

Income

% of total

Housing

£2,225,179

49%

Resource centres

£484,915

11%

Advocacy/NI Appropriate Adult Scheme

£1,146,555

25%

User/Carers’ support/ volunteers

£304,983

7%

Training

£239,288

5%

Management and support

£115,275

3%

Total

£4,516,195

100%

 

Balance Sheet

 

Balance Sheet Net Assets have decreased by £15,279 from the previous year, reflecting the net surplus of the Charity for the year of £17,080 plus a loss on investment assets of £32,359 as set out in the Statement of Financial Activities. Total funds held at 31 March 2023 were £1,636,922, of which £164,490 were restricted funds. The level of free reserves at the year end, excluding tangible fixed assets and designated funds, was £526,105.

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 11 -

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:

 

 

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:

 

  1. provide a balanced pro-equity approach, bearing in mind proper attention to investment risks and taking into consideration the needs of the Charity; and

  2. provide an income and capital growth which could be available to support existing services and new projects.

 

provide an income and capital growth which could be available to support existing services and new projects.

 

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

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 12 -
Plans for future periods

Moving forward into Year 2 of Our Strategy (2022-2027) we will continue to sustainably develop and grow. We will build on our achievements to date and learn from our mistakes. Our commitment to developing our client engagement, trauma-informed and rights-based practices remain. We will also 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 Northern Ireland population, while supporting the mental health needs of people across the UK via our activism within Mental Health UK. We are also expecting to expand our activities across the island of Ireland in the year(s) ahead.

 

Importantly, we will not pay lip service to what our clients (people with lived experience of mental health issues, their families and carers) tell us. We will continue to listen, we will work together, we will create safe places to support each other, reflect, learn, grow and connect across society. 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 2023 there were 540 members (2022-502 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 2022-2023, 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 Ms A Doherty, 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, and who served during the year and up to the date of signature of the financial statements were:

Ms C Colleary
Mr O J Donnelly
(Appointed 13 April 2023)
Ms E Duffy
(Appointed 1 September 2022)
Mr C R Eisenstadt
(Appointed 1 September 2022)
Ms T Majury
Dr D McCartan
(Appointed 1 September 2022)
Ms J McClinton
Mr C McMinn
Mr S Carson
(Resigned 11 May 2023)
Mr T Haire
(Resigned 15 January 2023)
Mr I McMaster
(Resigned 9 March 2023)
Mr J Simpson
(Resigned 15 January 2023)
Ms F Rooney
(Appointed 22 August 2023)
MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 13 -

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. Co-opted trustees will hold office until the next AGM, at which they will be eligible for election. Elections and co-options 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 11 and 25 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. The Board of Trustees placed a particular focus on the management of Covid-19 related risks from March 2020 to date, whilst also recognising that we have learned to live with Covid-19. The organisation continues to commit to effective risk management strategies at all levels and as we move forward, we will continue to manage the impact of an absent Northern Ireland Assembly and Executive Budget as well as the cost of living and healthcare workforce crisis.

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 14 -

Client Engagement

 

Working in partnership with staff and clients we completed the core document for the Client Engagement Function, the Client Engagement Strategy and Framework. We engaged with over 100 clients and 50 staff to gain their views regarding how Engagement should be done within the organisation. Best practice regarding involvement of clients was gathered from across the UK to inform the document. A scoping study was carried out regarding the types of opportunities that clients could access. The Strategy and Framework provides a pathway to deliver the waves of change in terms of priorities for action and the supporting framework aims to deliver waves of change that will lead to a cultural shift within our organisation, where engagement with our clients will become part of our very DNA.

 

An accompanying project plan for clients that relates to the implementation of the Strategy and Framework was developed. This is a multi-year plan that outlines when we wish the major pieces of the Client Engagement function to be delivered. The initial step of the plan began with the establishment of a Client Engagement Working Group. The Client Engagement Working Group, which comprises clients, staff and volunteers, acts as a sounding board and guide to the Client Engagement Manager regarding the implementation of the project plan and how it links to the overall Strategy and Framework. The group’s first tasks in 2022-2023 were to design an engaged client’s programme and to develop the Recruitment and Induction of clients; the latter was done through a pilot and involved support from a client to troubleshoot any issues. Widespread recruitment will begin as per the portfolio plans.

 

Client Engagement is always iterative in its approach and has the guiding hand of the Strategy, Framework and overall project plan. However more granular plans were required. Portfolio Client Engagement Plans were initiated and completed in 2022-2023. These plans outline what Client Engagement will be done in MindWise for 2023-2024 and include the outputs (activities) that need to be done to achieve the outcomes we desire.

 

Overall, 2022-2023 was a planning phase for Client Engagement where we have produced some of the key documents and one of the key supporting bodies of the service (CEWG). The service is ready to operationalise in 2023-2024. However, in 2022-2023 we did not miss opportunities to involve clients in ad hoc opportunities that arose. MindWise has several clients who are already very engaged with the organisation and they have taken part in various opportunities including developing and taking part in events, making films regarding their covid experience and recruitment and selection of MindWise staff.

 

An excellent example of Client Engagement came to fruition during the year. A project called WiseMoves was developed in conjunction with the Educational Shakespeare Company using the creative mechanism of storytelling (via video) to demonstrate the value of the work of MindWise through clients telling stories of their mental health journeys during the Covid-19 pandemic. Clients participated in the steering group managing the project and staff and clients participated in making the videos. 37 videos were created. The impact of making the videos was a cathartic experience for our clients and they were able to share the activities that they did during the pandemic to facilitate their good mental health journey. After Covid-19, many of these skills have been shared with other Mindwise clients through workshops. The WiseMoves videos are available on the MindWise Website WiseMoves film series (mindwisenv.org).

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 15 -

Volunteers

 

Volunteering within MindWise continued to diversify and strengthen over the past year. During the year 64 active volunteers donated over 8,026 hours in a range of roles including befriending, photography and arts and crafts. Interest from applicants remained steady, with over 100 enquiries made to the volunteer department. In terms of adapting to meet the current environment we continued to deliver our volunteer training online with 150 courses being completed in the year.

 

Communication with volunteers was key and we continued to produce monthly newsletters via Mailchimp to keep volunteers updated in activity across the organisation.

 

In June 2022 we held four Big Lunch events to reconnect volunteers, clients and staff. These were a great success with over 120 people attending. During the year we also obtained our reaccreditation of the Investing in Volunteers (IIV) Quality Standard, the quality standard for volunteer management in the UK and Ireland. The process involved staff, volunteer and trustee interviews as well as a broad review of our policies and processes.

 

Volunteers are integral to the work we do and we are keen to strengthen volunteering in the coming years. The IIV Assessor highlighted one key area below;

 

There is a strong culture within the organisation of encouragement and support offered to help individuals get involved and realise their aspirations through volunteering. Volunteers spoke of how the support from staff and their peers helped them build their confidence in what they could achieve, “I wouldn’t have thought of myself as a leader before and now I’m leading a group”.

 

The table below shows a summary of some of the key impacts over the last 12 months and comparisons over the last 5 years.

 

 

2022-2023

2021-2022

2020-2021

2018-2019

Number of active volunteers

64

40

45

77

Number of hours donated

8,026

7,330

4,050

9648

No of inquiries

114

130

180

220

Number of training courses completed

150

148

220

62

VIVA Ratio (for every £1 invested)*

£2.29

£2.37

£1.31

£1.83

*VIVA= Volunteer to Investment Audit (VIVA) for every £1 invested there was a value return in £

MIND WISE NEW VISION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 16 -
Statement of trustees' responsibilities

The trustees, who are also the directors of Mind Wise New Vision for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees to prepare financial statements for each financial year 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 preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that GMcG BELFAST be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

Mr C McMinn
Trustee
21 September 2023
MIND WISE NEW VISION
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF MIND WISE NEW VISION
- 17 -

Opinion

We have audited the financial statements of Mind Wise New Vision (the ‘charity’) for the year ended 31 March 2023 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:

-

give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

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
- 18 -

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:

-

the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

-

the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

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:

-

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-
certain disclosures of trustees' remuneration specified by law are not made; or
-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.

MIND WISE NEW VISION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MIND WISE NEW VISION
- 19 -
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
- 20 -
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:

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
- 21 -
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 non-compliance 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
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MIND WISE NEW VISION
- 22 -

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mrs Susan Dunlop FCA (Senior Statutory Auditor)
for and on behalf of GMcG BELFAST
21 September 2023
Chartered Accountants
Statutory Auditor
Chartered Accountants & Statutory Auditor
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
MIND WISE NEW VISION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 23 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
64,756
84,528
149,284
142,166
-
142,166
Charitable activities
4
2,600,539
1,565,248
4,165,787
2,440,087
1,562,442
4,002,529
Other trading activities
5
189,749
-
189,749
155,661
-
155,661
Investments
6
11,375
-
11,375
3,010
-
3,010
Total income
2,866,419
1,649,776
4,516,195
2,740,924
1,562,442
4,303,366
Expenditure on:
Raising funds
7
15,324
-
15,324
12,046
-
12,046
Charitable activities
8
2,922,591
1,561,200
4,483,791
2,645,517
1,647,061
4,292,578
Total expenditure
2,937,915
1,561,200
4,499,115
2,657,563
1,647,061
4,304,624
Net (losses)/gains on investments
13
(32,359)
-
(32,359)
8,452
-
8,452
Gross transfers between funds
-
-
-
(40)
40
-
Net movement in funds
(103,855)
88,576
(15,279)
91,773
(84,579)
7,194
Fund balances at 1 April 2022
1,576,287
75,914
1,652,201
1,484,514
160,493
1,645,007
Fund balances at 31 March 2023
1,472,432
164,490
1,636,922
1,576,287
75,914
1,652,201

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 26 to 45 form part of these financial statements.

MIND WISE NEW VISION
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 24 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
15
413,454
429,247
Investments
16
581,877
610,344
995,331
1,039,591
Current assets
Debtors
17
280,355
292,532
Cash at bank and in hand
612,148
539,707
892,503
832,239
Creditors: amounts falling due within one year
18
(250,912)
(219,629)
Net current assets
641,591
612,610
Total assets less current liabilities
1,636,922
1,652,201
Income funds
Restricted funds
20
164,490
75,914
Unrestricted funds
Designated funds:
Long term fund
374,713
386,190
Other designated funds
564,474
647,207
21
939,187
1,033,397
General unrestricted funds
533,245
542,890
1,472,432
1,576,287
1,636,922
1,652,201

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 21 September 2023
Ms C Colleary
Mr C McMinn
Trustee
Trustee
Company registration number NI071976
MIND WISE NEW VISION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
- 25 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
26
76,074
(76,581)
Investing activities
Purchase of tangible fixed assets
(11,116)
(21,317)
Purchase of investments
(294,080)
(201,303)
Proceeds from disposal of  investments
63,473
52,289
Decrease/(increase) in cash held in investment portfolio
226,715
(251,862)
Investment income received
11,375
3,010
Net cash used in investing activities
(3,633)
(419,183)
Net cash used in financing activities
-
-
Net increase/(decrease) in cash and cash equivalents
72,441
(495,764)
Cash and cash equivalents at beginning of year
539,707
1,035,471
Cash and cash equivalents at end of year
612,148
539,707
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 26 -
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. 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 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 2023
1
Accounting policies (Continued)
- 27 -
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
Motor vehicles
20% 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 2023
1
Accounting policies (Continued)
- 28 -
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 2023
1
Accounting policies (Continued)
- 29 -
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
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
funds
funds
funds
2023
2023
2023
2022
£
£
£
£
Donations and gifts
64,756
84,528
149,284
142,166
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 30 -
4
Charitable activities

Housing

Resource centres

Advocacy/NIAAS

User/carers' support/volunteers

Employment and training

Management and support

Total
2023
Total
2022
2023
2023
2023
2023
2023
2023
£
£
£
£
£
£
£
£
Services provided under contract
-
479,336
522,529
260,772
21,800
-
1,284,437
1,474,911
Performance related grants
2,045
2,931
534,429
1,072
1,396
64,102
605,975
630,610

Fees for domiciliary care

2,208,731
-
-
39,394
-
-
2,248,125
2,044,128
Less: deferred income
-
(228)
2,925
45
24,508
-
27,250
(147,120)
2,210,776
482,039
1,059,883
301,283
47,704
64,102
4,165,787
4,002,529
Analysis by fund
Unrestricted funds
1,283,142
482,039
525,553
261,889
47,704
212
2,600,539
2,440,087
Restricted funds
927,634
-
534,330
39,394
-
63,890
1,565,248
1,562,442
2,210,776
482,039
1,059,883
301,283
47,704
64,102
4,165,787
4,002,529
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
4
Charitable activities (Continued)
- 31 -
For the year ended 31 March 2022

Housing

Resource centres

Advocacy/NIAAS

User/carers' support/volunteers

Employment and training

Management and support

Total
2022
£
£
£
£
£
£
£
Services provided under contract
26,542
516,057
622,835
266,220
43,257
-
1,474,911
Performance related grants
-
8,985
529,569
5,917
784
85,355
630,610

Fees for domiciliary care

2,006,197
-
-
37,931
-
-
2,044,128
Less: deferred income
-
(31,547)
(107,628)
(5,145)
(2,800)
-
(147,120)
2,032,739
493,495
1,044,776
304,923
41,241
85,355
4,002,529
Analysis by fund
Unrestricted funds
1,091,400
493,495
542,251
266,992
40,457
5,492
2,440,087
Restricted funds
941,339
-
502,525
37,931
784
79,863
1,562,442
2,032,739
493,495
1,044,776
304,923
41,241
85,355
4,002,529
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 32 -
5
Other trading activities
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£

Income from training and therapeutic support

189,749
155,661
6
Investments
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Income from listed investments
9,442
2,908
Interest receivable
1,933
102
11,375
3,010
7
Raising funds
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Fundraising and publicity
Support costs
15,324
12,046
15,324
12,046
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 33 -
8
Charitable activities

Housing

Resource Centres

Advocacy / NIAAS

User/Carers' support / Volunteers

Employment and Training

Management and Support

Total
2023
Total
2022
2023
2023
2023
2023
2023
2023
£
£
£
£
£
£
£
£
Staff costs
1,117,717
330,771
716,276
220,705
103,360
-
2,488,829
2,500,549

Charitable activities

599,479
74,736
279,968
48,584
182,501
-
1,185,268
1,130,623
1,717,196
405,507
996,244
269,289
285,861
-
3,674,097
3,631,172
Share of support costs (see note 10)
311,664
65,652
138,769
39,720
40,164
198,401
794,370
649,360
Share of governance costs (see note 10)
-
-
-
-
-
15,324
15,324
12,046
2,028,860
471,159
1,135,013
309,009
326,025
213,725
4,483,791
4,292,578
Analysis by fund
Unrestricted funds
1,152,635
471,159
560,608
262,329
326,025
149,835
2,922,591
2,645,517
Restricted funds
876,225
-
574,405
46,680
-
63,890
1,561,200
1,647,061
2,028,860
471,159
1,135,013
309,009
326,025
213,725
4,483,791
4,292,578
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
8
Charitable activities (Continued)
- 34 -
For the year ended 31 March 2022

Housing

Resource Centres

Advocacy / NIAAS

User/Carers' support / Volunteers

Employment and Training

Management and Support

Total
2022
£
£
£
£
£
£
£
Staff costs
1,215,174
323,849
641,986
210,061
109,479
-
2,500,549

Charitable activities

510,909
78,837
326,648
67,218
147,011
-
1,130,623
1,726,083
402,686
968,634
277,279
256,490
-
3,631,172
Share of support costs (see note 10)
276,636
59,220
114,937
29,472
31,092
138,003
649,360
Share of governance costs (see note 10)
-
-
-
-
-
12,046
12,046
2,002,719
461,906
1,083,571
306,751
287,582
150,049
4,292,578
Analysis by fund
Unrestricted funds
1,040,720
461,906
524,167
261,740
286,798
70,186
2,645,517
Restricted funds
961,999
-
559,404
45,011
784
79,863
1,647,061
2,002,719
461,906
1,083,571
306,751
287,582
150,049
4,292,578
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 35 -
9
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.

Resource Centres

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

Advocacy / NIAAS

This encompasses the following services:

User/Carers' support / Volunteers

This encompasses the following services:

Employment and Training

This encompasses four key 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 2023
- 36 -
10
Support costs
Support costs
Governance costs
2023
Support costs
Governance costs
2022
£
£
£
£
£
£
Staff costs
583,689
-
583,689
510,348
-
510,348
Depreciation
26,907
-
26,907
26,882
-
26,882

Housing

78,105
-
78,105
54,557
-
54,557

Resource centres

15,796
-
15,796
8,112
-
8,112

Advocacy/NIAAS

34,777
-
34,777
24,605
-
24,605

User/carers' support/volunteers

9,954
-
9,954
6,309
-
6,309

Employment and training

10,065
-
10,065
6,656
-
6,656

Management and support

35,536
-
35,536
12,350
-
12,350

Cost of raising funds

14,865
-
14,865
11,587
-
11,587

Governance and professional support to trustees

-
10,032
10,032
-
7,006
7,006

External audit and accounts fee

-
5,292
5,292
-
5,040
5,040
809,694
15,324
825,018
661,406
12,046
673,452
Analysed between
Fundraising
15,324
-
15,324
12,046
-
12,046
Charitable activities
794,370
15,324
809,694
649,360
12,046
661,406
809,694
15,324
825,018
661,406
12,046
673,452

Governance costs includes payments to the auditors of £5,292 (2022- £5,040) for audit fees.

11
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
12
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Charitable activities
125
135
Management and administration
14
12
Total
139
147
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
12
Employees (Continued)
- 37 -
Employment costs
2023
2022
£
£
Wages and salaries
2,692,726
2,631,339
Social security costs
228,612
230,828
Other pension costs
151,180
148,730
3,072,518
3,010,897
The number of employees whose annual remuneration was more than £60,000 is as follows:
2023
2022
Number
Number
£70,001 - £80,000
1
1
13
Net gains/(losses) on investments
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
(Loss)/gain on revaluation of investments
(31,884)
7,403
(Loss)/gain on sale of investments
(475)
1,049
(32,359)
8,452
14
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 38 -
15
Tangible fixed assets
Land, buildings and property improvements
Furniture and equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2022
563,514
73,114
82,818
23,642
743,088
Additions
-
9,978
1,138
-
11,116
Disposals
-
(4,226)
-
(23,642)
(27,868)
At 31 March 2023
563,514
78,866
83,956
-
726,336
Depreciation and impairment
At 1 April 2022
177,324
66,945
45,932
23,642
313,843
Depreciation charged in the year
11,477
3,839
11,591
-
26,907
Eliminated in respect of disposals
-
(4,226)
-
(23,642)
(27,868)
At 31 March 2023
188,801
66,558
57,523
-
312,882
Carrying amount
At 31 March 2023
374,713
12,308
26,433
-
413,454
At 31 March 2022
386,191
6,170
36,886
-
429,247
16
Fixed asset investments
Listed investments
£
Cost or valuation
At 1 April 2022
610,344
Additions
294,080
Valuation changes
(31,884)
Net realised investment loss
(475)
Decrease in cash holding
(226,715)
Disposals
(63,473)
At 31 March 2023
581,877
Carrying amount
At 31 March 2023
581,877
At 31 March 2022
610,344

The Charity’s investments are managed on a discretionary basis by an independent investment broker. Included in investments are cash balances of £34,251 (2022 - £260,966) held as part of the investment portfolio.

MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 39 -
17
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
268,605
283,809
Prepayments and accrued income
11,750
8,723
280,355
292,532
18
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Other taxation and social security
57,537
78,549
Deferred income
19
40,556
13,306
Trade creditors
52,294
26,882
Other creditors
-
18,047
Accruals and deferred income
100,525
82,845
250,912
219,629
19
Deferred income
2023
2022
£
£
Other deferred income
40,556
13,306

Deferred income is included in the financial statements as follows:

2023
2022
£
£
Deferred income is included within:
Current liabilities
40,556
13,306
Movements in the year:
Deferred income at 1 April 2022
13,306
160,426
Released from previous periods
(13,306)
(160,426)
Resources deferred in the year
40,556
13,306
Deferred income at 31 March 2023
40,556
13,306
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 40 -
20
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Movement in funds
Balance at
1 April 2021
Incoming resources
Resources expended
Transfers
Balance at
1 April 2022
Incoming resources
Resources expended
Balance at
31 March 2023
£
£
£
£
£
£
£
£
Big Lottery Fund - Linked In Project
37,513
-
(32,350)
-
5,163
-
-
5,163
Big Lottery Fund - NI Families Network
44,952
75,000
(83,905)
-
36,047
-
(34,741)
1,306
Big Lottery Fund - Older People Project
(40)
-
-
40
-
-
-
-
Mental Health UK Funded Services
-
399,146
(399,146)
-
-
484,928
(483,785)
1,143
BBC Children in Need
4,074
-
-
-
4,074
-
-
4,074
NIHE Supporting People
52,658
952,728
(980,468)
-
24,918
964,983
(920,860)
69,041
Department of Health Special Recognition
-
26,542
(26,542)
-
-
2,045
(2,045)
-
Department of Health Revenue Grant
-
79,863
(79,863)
-
-
63,890
(63,890)
-
Department of Health Training Grant
-
784
(784)
-
-
-
-
-
Comic Relief
21,336
-
(15,624)
-
5,712
-
(242)
5,470
Department for Communities Breathing Space
-
28,379
(28,379)
-
-
-
-
-
Community Foundation NI Wellness programme
-
-
-
-
-
49,402
(31,451)
17,951
Agnews Beyond Bricks
-
-
-
-
-
84,528
(24,186)
60,342
160,493
1,562,442
(1,647,061)
40
75,914
1,649,776
(1,561,200)
164,490
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
20
Restricted funds (Continued)
- 41 -

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.

 

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.

 

Big Lottery- Older People Project: Funding to support older people who are experiencing mental health problems to re-engage and re-integrate back into their local communities.

 

Mental Health UK Funded Services: Funding to deliver the Money Advice Service, the Navigator 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 Special Recognition: Funding to pay health and social care staff a special recognition payment to acknowledge work done during the pandemic.

 

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.

 

Department for Communities Breathing Space: Funding to research and deliver a report outlining the requirement and viability of introducing “Breathing Space” (debt remedy legislation) into Northern Ireland.

 

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.

MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 42 -
21
Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
Balance at
1 April 2021
Resources expended
Transfers
Balance at
1 April 2022
Resources expended
Transfers
Balance at
31 March 2023
£
£
£
£
£
£
£
Designated fund
576,145
(139,455)
210,517
647,207
(220,663)
137,930
564,474
Long term fund
397,669
(11,479)
-
386,190
(11,477)
-
374,713
973,814
(150,934)
210,517
1,033,397
(232,140)
137,930
939,187

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.

 

Transfer between funds: At 31st March 2023 the Board of Trustees transferred £137,930 from the General Fund to the Designated Fund. This transfer will be used to fund posts within the Mental Health and Money advice Service and to fund digital developments and support within the organisation

MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 43 -
22
Analysis of net assets between funds
Unrestricted funds
Designated funds
Restricted funds
Total
Unrestricted funds
Designated funds
Restricted funds
Total
2023
2023
2023
2023
2022
2022
2022
2022
£
£
£
£
£
£
£
£
Fund balances at 31 March 2023 are represented by:
Tangible assets
7,140
406,314
-
413,454
28,041
401,206
-
429,247
Investments
581,877
-
-
581,877
610,344
-
-
610,344
Current assets/(liabilities)
(55,772)
532,873
164,490
641,591
(95,495)
632,191
75,914
612,610
533,245
939,187
164,490
1,636,922
542,890
1,033,397
75,914
1,652,201
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 44 -
23
Retirement benefit schemes
Defined contribution schemes

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.

The charge to profit or loss in respect of defined contribution schemes was £151,180 (2022 - £148,730).

24
Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2023
2022
£
£
Within one year
16,724
14,557
Between two and five years
-
12,245
16,724
26,802
25
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2023
2022
£
£
Aggregate compensation
221,518
220,139

There were no disclosable related party transactions during the year (2022 - none).

26
Cash generated from operations
2023
2022
£
£
(Deficit)/surpus for the year
(15,279)
7,194
Adjustments for:
Investment income recognised in statement of financial activities
(11,375)
(3,010)
Loss/(gain) on disposal of investments
475
(1,049)
Fair value gains and losses on investments
31,884
(7,403)
Depreciation and impairment of tangible fixed assets
26,907
26,882
Movements in working capital:
Decrease/(increase) in debtors
12,177
(6,697)
Increase in creditors
4,035
54,622
Increase/(decrease) in deferred income
27,250
(147,120)
Cash generated from/(absorbed by) operations
76,074
(76,581)
MIND WISE NEW VISION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 45 -
27
Analysis of changes in net funds

The charity had no debt during the year.

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
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 2023 the company had 540 members, each of whom agrees to contribute £1 in the event of the Charity winding up.

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