Charity registration number 265087
Company registration number 01082980 (England and Wales)
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
A Birdwood (Interim Chair)
A Page (Vice Chair)
M Huber (Treasurer)
D Biswas
S Gilfoyle
K Smith
(Appointed 4 April 2023)
A Paylor
(Appointed 5 September 2023)
S Jessup
(Appointed 26 September 2023)
M Thelwall
(Appointed 23 May 2024)
S Smith
(Appointed 23 May 2024)
Chief Executive
Aly Anderson (to end of February 2024)
Emily Gray (Interim CEO, March 2024)
Charity number
265087
Company number
01082980
Registered office
Barrere House
100 Chesterton Road
Cambridge
Cambridgeshire
United Kingdom
CB4 1ER
Auditor
Azets Audit Services
Westpoint
Lynch Wood
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
United Kingdom
ME19 4JQ
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
CONTENTS
Page
Trustees' report
1 - 11
Statement of trustees' responsibilities
12
Independent auditor's report
13 - 15
Statement of financial activities
16 - 17
Balance sheet
18 - 19
Statement of cash flows
20
Notes to the financial statements
21 - 37
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

Charity Name

 

Cambridgeshire, Peterborough and South Lincolnshire (CPSL) Mind Ltd is known as CPSL Mind.

Trustees/Directors

 

The Trustees are pleased to present the Trustees’ Report together with the financial statements of the charity for the year ended 31 March 2024, which are also prepared to meet the requirements for a Directors’ Report and accounts for Companies Act purposes. Members of the Board of Trustees are ‘Directors’ for the purposes of company law and ‘Trustees’ for the purpose of charity law. They will be referred to as Trustees throughout this document and for the purposes of the financial statements.

 

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 governing document, 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)".

 

Vision, mission and goals

 

Our vision is a society in which everyone has positive mental health and feels part of a connected community.

 

Our mission is to:

 

Our values: Compassion, Inclusivity, Empowerment, Integrity, Respect and Courage.

Our beneficiaries

 

CPSL Mind continues to work predominately with adults (18-plus) who are experiencing mental health challenges and living in the areas of Cambridgeshire, Peterborough and South Lincolnshire. We also promote positive mental health for all, via projects, campaigns, training and awareness-raising.

 

Our services

 

CPSL Mind delivers services that range from early intervention/prevention through to crisis support. Services delivered during 2023/24 were:

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

Overview

 

Over the past year CPSL Mind's reach has grown significantly directly supporting more than 6,000 people a year on their mental health recovery journeys - connecting with thousands more via our campaigns and training activities in line with the aspirations of our current three-year organisational strategy supporting communities across Cambridgeshire, Peterborough and South Lincolnshire.

 

During this year, we were sucessful in achieving funding from the national Suicide Prevention Grant Fund for a partnership project focussed on expanding our STOP Suicide campaigns and training activity within the local LGBTQ+ and neurodiverse communities in Cambridgeshire and Peterborough and the migrant population living in Boston, Lincolnshire.

 

We’ve worked hard to build strong relationships with our community and commissioning partners resulting in successful delivery of two new services, Community Connectors, initially funded until March 2024, now funded until March 2025 and the and Victim and Witness Support, offering specialised mental health support for those impacted by crime, commissioned for three years.

 

We were proud to share learnings to influence wider-system changes by showcasing service-design approaches to understand the mental health and wellbeing needs of our diverse communities.

 

We were delighted to launch our innovative Training and Consultancy Service, working with local employers with tailored approaches to enhance wellbeing in the workplace.

 

To support our staff and volunteer team, we have invested in our internal infrastructure to streamline and maximise efficiency in our HR, Finance and IT operations.

 

This has also been a year of significant change, with both our Chair of three years Alan Tait and CEO of seven years Aly Anderson both leaving the organisation during this period.

 

Alan, a former Pro-Vice Chancellor at the Open University, brought a wide range of skills to CPSL Mind, which supported the organisation during a period of considerable growth both in terms of reach and impact. Alan joined as a front-line volunteer in 2011. He then went on to become a member of our Co-production Team, before subsequently joining the Board of Trustees in 2019 and becoming Chair in August 2020.

 

Aly left CPSL Mind in March 2024, having led the organisation for seven years and served in a wide variety of other roles for 10 years before that. Aly brought inspirational, innovative, values-based leadership and guidance to the role of CEO at CPSL Mind. During this time, CPSL Mind has evolved, grown and collaborated with other local organisations to increase the reach and accessibility of mental health and wellbeing support across Cambridgeshire, Peterborough and South Lincolnshire. .

 

We are extremely grateful to both Alan and Aly for their extensive contributions to CPSL Mind. They leave behind them the legacy of a highly effective, innovative, values-based organisation that is meeting the mental health and wellbeing needs of more residents across Cambridgeshire, Peterborough and South Lincolnshire than ever before – and strong foundations on which the organisation’s new leadership can build.

 

As part of robust succession planning for the Chair and CEO roles, we were delighted that our Vice-Chair, Andréa Grosbois and Deputy Chief Executive Officer, Emily Gray, who combined have more than 20 years of experience at CPSL Mind, were appointed as Interim Chair and Interim CEO during recruitment for the vacant posts. In July 2024, following a competitive recruitment campaign, we welcomed Ashley Bunn as CEO. Planning for recruitment of a permanent Chair is underway.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

Achievements and performance 2023/24

 

During 2023/24 we supported more than 6,000 people by providing approximately:

 

20,650 hours of one-to-one support to more than 3,800 people.

2,800 hours of group activities for 1,250 people.

2,430 hours of online support to 1,930 people via the digital service provided by Qwell.

170 hours of ad hoc listening support via our general enquiries telephone line.

458 hours of training and workshops attended by 2,500 participants, including more than 990 people trained in suicide prevention skills.

 

We have also:

The organisation has again made good progress as against our four strategic goals and our strategic priorities of influence, inclusion and innovation. Some examples are outlined below:

 

Goal 1. Increase the reach and accessibility of community-based mental health support across the diverse populations of Cambridgeshire, Peterborough and South Lincolnshire

 

Following a successful pilot project our Community Connector Service, now commissioned to work across five Primary Care Networks, has seen us support more than 400 people. Working alongside partners at the Greater Peterborough Network (GPN), Primary Care Networks, Cambridgeshire and Peterborough Foundation Trust (CPFT) and the Integrated Care Board (ICB), this service has successfully filled a gap in services, meeting the needs of individuals whose mental health needs could not be met by the Talking Therapies for Anxiety and Depression services (formerly IAPT), but who would also not reach the threshold for secondary care.

 

Following a successful pilot project our Community Connector Service, now commissioned to work across five Primary Care Networks, has seen us support more than 400 people. Working alongside partners at the Greater Peterborough Network (GPN), Primary Care Networks, Cambridgeshire and Peterborough Foundation Trust (CPFT) and the Integrated Care Board (ICB), this service has successfully filled a gap in services, meeting the needs of individuals whose mental health needs could not be met by the Talking Therapies for Anxiety and Depression services (formerly IAPT), but who would also not reach the threshold for secondary care.

 

Our specialist mental health Victim and Witness Support Service, funded by the Office of the Police and Crime Commissioner, has provided support to more than 300 victims or witnesses of crime during this first year. Working in partnership with the Victim and Witness Support Hub, this service enables CPSL Mind to reach individuals who may have never accessed mental health services before at a time when they need support the most.

 

Our Good Life Fund has once again supported a very diverse range of wellbeing-focused activities across Cambridgeshire and Peterborough, with 24 awards which funded projects ranging from an Art for Wellbeing group in Littleport to a Pride Youth Group in St Neots and a Men’s Shed in Cambourne to a Chai and Chat group for Muslim women in Peterborough.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -

Goal 2. Use strength-based, holistic and trauma-informed approaches to support people with mental health problems to connect to others, enhance their wellbeing and facilitate peer to peer support.

 

Funded by the Department of Health and Social Care Starting Well Fund, the Starting Well project, in partnership with The Lantern Initiative, used service design tools to co-design and subsequently deliver a new community-based perinatal service - designed with Muslim mums for Muslim mums. An independent evaluation of the co-produced perinatal project working with women, Starting Well, showed that:

 

The Starting Well project evaluation report generated much interest with local partners and provided an excellent opportunity to share the project approach and associated learnings through a number of showcase events. Highlights associated with the partnership include:

 

In response to increased demand resulting from more streamlined referral pathways, we recruited and trained additional peer support facilitators to increase capacity within the Community Personality Disorder Service to add a further two peer support groups per week for people referred by the Primary Care Mental Health Service (PCMHS). Through increasing team capacity, additional peer groups launched in April and June 2024 which meant that we have been able to increase places from 40 to 60 per week.

 

Working collaboratively with community organisations, we provided coaching and training to establish three Good Mood Community Cafes based in a market town library, a rural village church hall and a charity that supports refugees. The Good Mood Community Cafe model develops the successful Good Mood Cafe concept by empowering local residents to establish self-sufficient peer-support and sustainable community connectivity in the longer term, when the initial Good Mood Cafe project funding comes to an end.

 

Goal 3. Challenge the attitudes and behaviours that prevent open conversations around our mental health.

 

In addition to our day-to-day mental health awareness communications, we evolved our award-winning STOP Suicide campaign which aims to challenge the stigma and myths around suicide and achieve a suicide-safer community. Targeted activities for World Suicide Prevention Day 2023 included:

 

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -

Throughout the year:

 

 

Goal 4. Support local employers to create mentally healthy workplaces.

 

We were delighted to introduce our Workplace Wellbeing Consultancy Service which aims to equip organisations across Cambridgeshire, Peterborough and South Lincolnshire with the skills and tools to create a culture of positive mental health and wellbeing by providing practical, evidence-based advice, support and guidance. Taking a whole-organisational approach, we work with senior leaders to offer a bespoke consultancy package based on an organisation’s needs, comprising a mixture of leadership support and development, staff training and reflective practice. Our Training and Consultancy team help employers compare their staff wellbeing and attitudes to those at the beginning of the process, highlight areas of success and help develop an action plan to continue making positive change.

 

Our Training team also...

 

 

Voluntary, Community and Social Enterprise (VCSE) influence and participation

 

This year also saw us host a new Voluntary, Community and Social Enterprise (VCSE) Influence and Participation Manager post funded by Cambridgeshire and Peterborough Integrated Care Board (ICB) in order to involve the sector within the Mental Health, Learning Disability and Autism Partnership which is an Accountable Business Unit within the ICB. This work, which began in July 2023, is being shaped and driven with the involvement of a Project Board of VCSE leaders from across Cambridgeshire and Peterborough. The Board connected with Integrated Care System partners at their launch and has been championing the priorities identified then ever since. The aim of the Manager and Board is to ensure that the VCSE sector are influential and participative through Integrated Neighbourhoods and up to ICB level, with and on behalf of charities and community groups and the thousands of people they represent through providing mental health, learning disability and autism, and carer support and services.

 

Caring for the environment

 

In line with our commitment to caring for the environment, CPSL Mind has made good progress with our work towards the Investors in the Environment Bronze Award which involves developing an Environmental Management System and putting in place environmental monitoring systems to help us meet our green targets. We are expecting to reach this standard by the end of 2024.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -

Our Impact

 

Below is just some of the feedback we have received this year, demonstrating the impact of our services and projects on those we support:

 

“My biggest challenge was meeting new people, communicating and being in unfamiliar places – all due to my high levels of anxiety and fear of others looking at me and watching me. With support and encouragement, [I] began to steadily go to other places… My whole world has opened up again! I can talk to new people without feeling anxious.”

Individual accessing Mental Health Community Connector Service

 

“I loved the peer group, meeting the group members. I looked forward to the sessions every week and felt comfortable to be vulnerable with other people and discuss my issues for the first time ever.”

Peer support group member, Community Personality Disorder Service

 

“I would describe my experience with the discharge buddies as being very positive, empowering, informative, and supportive..…It felt very refreshing.”

Individual accessing Discharge Buddy Service

 

‘I have always wanted to feel like I have a purpose in life…..I have struggled to be able to find volunteer work that I could realistically feel comfortable enough to do, get to and continue long term…[My Good Life Facilitator] suggested that I look at volunteering which can be done completely from my own home. I now volunteer on average 7-10 hours a week and I look forward to my shifts. For the first time ever I have been thinking that one day I may be able to manage working part time in a paid role. The benefits are huge and noticeable...This means everything to me.”

Individual accessing Good Life Service one-to-one support

 

“It’s such a good place to go when you are down or lonely. All the people are nice and easy to talk to. But if you don’t want to talk or take part in anything that’s ok too…. It made me feel a bit more confident going out… I always feel better afterwards.”

Participant, in-person Good Mood Cafe

 

“I always feel good after going to the group and they are so nice and friendly and chatty. Thank you for keeping the group going; it is one of the few remaining online… groups that are still going that I go to, and [I] very much appreciate and am grateful for the group.”

Participant, online Good Mood Cafe

 

“This workshop helps me a lot to understand various facts for my anger and the cause of it. The techniques I learned will help me with my day-to-day activities, and I believe that now I am aware about what triggers my anger, I will be prepared/equipped to handle my anger issues. I will strongly recommend this workshop to other people I know.”

Participant, ‘Anger and what to do about it’ workshop

 

“I have …been attending some of the peer support groups. Over time I have been able to find the confidence to open up and relate to other people's experiences. I sometimes find it scary to talk but, through coming to these groups, I have felt more comfortable and positive about my health and always have a place to go to each week which I look forward to.”

Participant, Good Life Peer Support group

 

“[It has] helped me in lots of different ways; getting me out of the house, socialising with fellow mums who struggle...with no judgment.”

Participant, Connecting Mums course - Perinatal Services

 

“A great support network and a place to have an outlet [with] tools to help deal with my anxiety; [I] have support and [it’s] a supportive and non-judgmental place. Mums Matter is amazing!”

Participant, Mums Matter course - Perinatal Services

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -

“The continuity and knowing I had someone to talk openly and freely to was reassuring in a world of what felt like uncertainty.”

Individual accessing one-to-one support - Perinatal Services

 

“I have a noticeable feeling of achievement during and after our calls and my family have commented and noticed changes in me. Having had a space to speak with someone that understands my fears and thoughts has helped to make things manageable, and I can look forward in time to making a full recovery and carry on driving independently and continue to do the things I used to do without panic and worry.”

Individual accessing Victim and Witness Support Service

 

“There still was great stigma around mental health and it's wonderful to have a place, like Sanctuary, where people understand the difficulties of life when you're struggling with poor mental health.”

Sanctuary visitor

 

“Last night was the best evening I’ve had since [my wife] passed away. I got home feeling uplifted and it was the first time since her passing that I hadn’t felt guilty for trying to enjoy myself.”

Attendee, South Lincolnshire Night Light Cafe

 

“The trainer was friendly and knowledgeable. I enjoyed the course and feel it has given me necessary skills to help with my job role and help if other aspects of my life if I come across friends or family members that may need support or myself.”

Attendee, Mental Health Awareness and Communication Skills course

 

Thank you for delivering two excellent [STOP Suicide] training sessions for our team over the past few weeks. We really benefited from the training and we’re already utilising the content in the way we work with clients and deliver safeguarding support.”

Attendee, STOP Suicide training course - Cambridge Citizens Advice

 

“I always look forward to talking to you and every week this gives me something to look forward to. I know I need more support as well and am grateful you are putting me in

touch with other services.”

Individual accessing Qwell online service

 

More information and examples of the impact we have had across our communities over the past year will be shared in our Annual Impact Report 2023-2024, available later this year. As ever, the Board of Trustees would like to extend its sincerest thanks to everyone involved; in particular our staff, volunteers and Campaign Makers; our co-producers and delivery partners; our funders and fundraisers.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -

Co-production and engagement

 

Co-production across CPSL Mind has taken many forms this year and we are particularly proud of our increasing use of human-centred service design as a way of researching and designing services to meet the specific needs of groups identified as being underserved by mainstream mental health services. In particular, we have:

 

 

 

 

 

 

In addition, over this year we have supported the development of 24 community groups and activities to develop across Cambridgeshire and Peterborough, thanks to our Good Life Fund. Below is some feedback from an awardee of the Good Life Fund:

 

“We had another amazing session on Saturday and it’s lovely to see inclusion and diversity naturally happening. A mix of people with learning disabilities, physical disabilities and the realisation that mental health affects us all. It’s thanks to you it is happening.”

 

Volunteer impact and community support

 

Volunteers are highly valued right across the organisation and offer support in roles including group facilitators, trustees, campaigners, fundraisers, and co-production, administrative or facilities roles.

 

This year saw more than an incredible 3,870 volunteer hours including more than 1,120 hours of direct service delivery from our volunteers.

 

“I like the feeling that I am making some small, but significant difference in other people's lives. Giving them unconditional, positive regard often means I get that back in return, which is rather nice!”

Good Mood Cafe Volunteer

 

We also have significant wider community support from our STOP Suicide ‘Campaign Makers’, who support our campaign by helping us develop and share our suicide prevention messages; and from our many community fundraisers who have undertaken incredible events and challenges to raise thousands of pounds for CPSL Mind this year.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -

“It’s been a pleasure doing this and honestly loved every second. The [Loch Ness] marathon was certainly the toughest but most amazing experience. So many emotions throughout! Your charity is something very close to me and I’m so happy to raise this money for it.”

Fundraiser, Jake Wills

 

Quality and service development

 

We seek to continuously improve the quality of all our services and are proud of our learning culture.

 

This year we have continued to undertake internal quality assessments across the organisation, in preparation for our Mind Quality Mark (MQM) review which will take place from July 2024 to November 2024. This commitment to continuous improvement is further supported by our approach to co-production and our proactive response to both formal evaluation and informal feedback which supports our continuous quality improvement ambitions.

Structure, governance and management

 

Trustees

 

CPSL Mind's strategic direction is led by its Board of Trustees. The full Board meets at least quarterly, supplemented by designated Committees.

 

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:

 

A Tait
(Resigned 31 December 2023)
A Birdwood (Interim Chair)
A Page (Vice Chair)
M Huber (Treasurer)
D Biswas
C Clarke
(Resigned 31 December 2023)
S Gilfoyle
A Granta
(Resigned 31 January 2024)
D Richards
(Resigned 29 February 2024)
D Allum
(Appointed 4 April 2023 and resigned 29 May 2024)
K Smith
(Appointed 4 April 2023)
M Hammond
(Appointed 11 August 2023 and resigned 16 May 2024)
A Paylor
(Appointed 5 September 2023)
S Jessup
(Appointed 26 September 2023)
M Thelwall
(Appointed 23 May 2024)
S Smith
(Appointed 23 May 2024)

Appointment of Trustees

 

Trustees are sourced on the basis of recommendation or from public recruitment campaigns. New Trustees are required to complete an application, undertake a Disclosure and Barring Service check and are interviewed by members of the Board of Trustees, supported by members of the staff team.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
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Trustee Induction and Training

 

Trustee induction and training includes one-to-one sessions with the Chair and Senior Leadership Team and the option to visit CPSL Mind’s services, together with external training such as Governance and Management Training and Away Days. All Trustees are required to undertake mandatory training.

 

CPSL Mind Members

 

In summer 2023, we began the process of updating our Articles of Association, and members were consulted about their involvement with the charity. We submitted a request to the Charity Commission for consent to change two regulated clauses in November 2023. On July 2 2024, members passed a Special Resolution to adopt the new Articles of Association, and made the decision to move from a structure where there are members separate to trustees to one where the members are the same individuals as the trustees.

Remuneration Policy

 

The Trustees consider the Board of Directors, who are the charity’s Trustees, and the Senior Leadership Team comprising the key management personnel of the charity, to be in charge of directing and controlling, running and operating the charity on a day-to-day basis. All Trustees give of their time freely and no Trustee received remuneration in the year. The pay of the CEO and Deputy CEO is set by the Trustees, benchmarking against pay levels in other charities of a similar size and type.

 

Management

 

A Chief Executive Officer is appointed by the Trustees to manage the day-to-day operations of the charity. The Board of Trustees expect the Chief Executive Officer to undertake both strategic and operational decisions based on their formal ratification of the Business Plan and Annual Budget. The board expects the Chief Executive Officer to ensure that all decision making is within the remit of CPSL Mind Policy and Procedures.

 

Public Benefit

 

CPSL Mind has paid due regard to the published guidance from the Charity Commission on the operation of the Public Benefit requirement under the Charities Act 2011.

 

Risk Management

 

The management of risks within CPSL Mind is undertaken within a framework comprising:

 

    a. A defined Risk Management Policy and Risk Appetite Statement.

    b. Governance processes.

    c. Identification, evaluation and management of significant risks.

    d. Assurance and audit processes.

    e. CPSL Mind’s policy framework.

 

The overall responsibility for managing risk within the organisation lies with our Board of Trustees, with day-to-day operational responsibility delegated to the Senior Leadership Team.

 

Our Board of Trustees consistently reviews the major risks to which the charity is exposed, in line with the organisation's risk appetite and risk management strategy. This includes:

 

This approach takes into account the continuing changes to the organisation and to the range of services as the charity's work grows and develops.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
Financial review

 

The Trustees continue to meet regularly and receive reports in order to review the charity's financial position.

 

The charity recorded a deficit for the year of £139,522 compared to a surplus in the previous year of £88,630.

 

Total income from the year decreased from £3,433,345 in the previous year to £3,404,707 in the current year.

 

Fund balance at the end of the year decreased from £1,382,970 to £1,243,298, of which £366,635 were held in restricted funds (2023: £326,662).

 

CPSL Mind is not liable for Corporation Tax and the surplus has been transferred to reserves for the year.

 

CPSL Mind own a property that’s value is larger than that presented in the accounts. The fixed asset fund is £267,664 but the recent valuation of the property was c.£850k.

CPSL Mind's Trustees have agreed a policy to maintain free reserves within a target range of £600k to £700k (+/- 5%) to ensure that the charity can continue offering services to its community during times of reduced income. If free reserves fall below the target range, we will aim to address any deficits within 2 years. If free reserves are above the target range, we will transfer surpluses to designated funds and spend these within 2 years. The reserves policy is revisited annually by the Trustees at the point of ratification of the annual budget. This forms part of the annual organisation risk review.

 

At 31 March 2024 the charity had free reserves of £608,999.

Auditor

In accordance with the company's articles, a resolution proposing that Azets Audit Services 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.

A Birdwood (Interim Chair)
Trustee
Dated: 5 September 2024
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -

The trustees, who are also the directors of Cambridgeshire, Peterborough and South Lincolnshire (CPSL) Mind Ltd 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.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
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Opinion

We have audited the financial statements of Cambridgeshire, Peterborough and South Lincolnshire (CPSL) Mind Ltd (the ‘charity’) for the year ended 31 March 2024 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 2024 and of its incoming resources and application of resources, 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.

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 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.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
- 14 -
Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

-

the information given in the financial statements is inconsistent in any material respect with the trustees' report; or

-

sufficient accounting records have not been kept; or

-

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

-

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

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

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
- 15 -

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

 

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework.  Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.  This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

 

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

 

 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.  The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Mark Jackson FCA DChA (Senior Statutory Auditor)
for and on behalf of Azets Audit Services
5 September 2024
Chartered Accountants
Statutory Auditor
Westpoint
Lynch Wood
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ

Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
Unrestricted
Designated
Restricted
Total
Unrestricted
Designated
Restricted
Total
funds
funds
funds
funds
funds
funds
2024
2024
2024
2024
2023
2023
2023
2023
Notes
£
£
£
£
£
£
£
£
Income from:
Donations and legacies
3
139,947
-
-
139,947
201,156
-
-
201,156
Charitable activities
4
76,287
1,415,333
1,746,426
3,238,046
21,510
1,518,646
1,682,527
3,222,683
Investments
5
26,714
-
-
26,714
9,506
-
-
9,506
Total income
242,948
1,415,333
1,746,426
3,404,707
232,172
1,518,646
1,682,527
3,433,345
Expenditure on:
Raising funds
6
73,552
-
-
73,552
71,565
-
-
71,565
Charitable activities
7
282,489
1,407,559
1,780,462
3,470,510
87,883
1,663,312
1,521,955
3,273,150
Total expenditure
356,041
1,407,559
1,780,462
3,544,062
159,448
1,663,312
1,521,955
3,344,715
Net gains/(losses) on investments
11
(197)
-
-
(197)
-
-
-
-
Net (outgoing)/incoming resources before transfers
(113,290)
7,774
(34,036)
(139,552)
72,724
(144,666)
160,572
88,630
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
Designated
Restricted
Total
Unrestricted
Designated
Restricted
Total
funds
funds
funds
funds
funds
funds
2024
2024
2024
2024
2023
2023
2023
2023
Notes
£
£
£
£
£
£
£
£
- 17 -
Net (outgoing)/incoming resources before transfers
(113,290)
7,774
(34,036)
(139,552)
72,724
(144,666)
160,572
88,630
Gross transfers between funds
158,607
(232,616)
74,009
-
(63,129)
57,687
5,442
-
Net incoming resources
45,317
(224,842)
39,973
(139,552)
9,595
(86,979)
166,014
88,630
Other recognised gains and losses
Actuarial loss on defined benefit pension schemes
(120)
-
-
(120)
(8)
-
-
(8)
Net movement in funds
45,197
(224,842)
39,973
(139,672)
9,587
(86,979)
166,014
88,622
Fund balances at 1 April 2023
387,380
668,928
326,662
1,382,970
377,793
755,907
160,648
1,294,348
Fund balances at 31 March 2024
432,577
444,086
366,635
1,243,298
387,380
668,928
326,662
1,382,970

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.
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 18 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
13
267,664
287,941
Investments
14
-
2,017
267,664
289,958
Current assets
Debtors
15
194,658
500,270
Cash at bank and in hand
1,212,842
1,451,892
1,407,500
1,952,162
Creditors: amounts falling due within one year
16
(430,408)
(814,362)
Net current assets
977,092
1,137,800
Total assets less current liabilities
1,244,756
1,427,758
Creditors: amounts falling due after more than one year
17
-
(41,667)
Provisions for liabilities
19
(1,458)
(3,121)
Net assets
1,243,298
1,382,970
Income funds
Restricted funds
20
366,635
326,662
Designated funds
444,086
668,928
Unrestricted funds
432,577
387,380
1,243,298
1,382,970
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 19 -

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 5 September 2024
A Birdwood (Interim Chair)
Trustee
Company registration number 01082980
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
- 20 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
25
(267,583)
280,471
Investing activities
Purchase of tangible fixed assets
-
(5,402)
Purchase of investments
(67)
-
Proceeds from disposal of  investments
1,886
-
Investment income received
26,714
9,506
Net cash generated from investing activities
28,533
4,104
Net cash used in financing activities
-
-
Net (decrease)/increase in cash and cash equivalents
(239,050)
284,575
Cash and cash equivalents at beginning of year
1,451,892
1,167,317
Cash and cash equivalents at end of year
1,212,842
1,451,892
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 21 -
1
Accounting policies
Charity information

Cambridgeshire, Peterborough and South Lincolnshire (CPSL) Mind Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Barrere House, 100 Chesterton Road, Cambridge, Cambridgeshire, CB4 1ER, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, 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 and which have not been designated for other purposes.

 

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The cost of raising and administering such funds are charged against the specific fund. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

 

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 22 -
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.

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributable to particular activities they have been allocated on a basis consistent with the use of the resources. Expenditure includes any VAT which cannot be fully recovered.

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.

 

All assets costing more than £1,000 are capitalised by the charity.

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:

Freehold buildings
2% per annum straight line
Leasehold improvements
Over the life of the lease
Furniture and equipment
25% per annum 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

Investments are stated at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.

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).

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.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 23 -
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
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.

1.12
Retirement benefits

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

The company contributes to a defined benefit pension scheme for the benefit of 2 senior employees. The scheme is a multi-employer scheme where it is not possible, in the normal course of events, on a consistent and reasonable basis, to identify the share of underlying assets and liabilities belonging to individual participating employers. Therefore, as required by FRS102 'Retirement benefits' the company accounts for this scheme as if it was a defined contribution scheme. The amount charged to the statement of financial activities represents contributions payable to the scheme in respect of the accounting period.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 24 -
1.13

Volunteers

The value of services provided by the volunteers is not incorporated in these financial statements. Further details of contributions from volunteers can be found in the Trustees' Report.

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.

3
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
139,527
199,396
Subscriptions
420
1,760
139,947
201,156
4
Charitable activities
2024
2023
£
£

Mental Health Services

3,238,046
3,222,683
Analysis by fund
Unrestricted funds
76,287
21,510
Designated funds
1,415,333
1,518,646
Restricted funds
1,746,426
1,682,527
3,238,046
3,222,683
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 25 -
5
Investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
26,714
9,506
6
Raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Other fundraising costs
18,724
21,020
Staff costs
54,828
50,545
73,552
71,565
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 26 -
7
Charitable activities

Mental Health Services

Mental Health Services

2024
2023
£
£
Staff costs
2,640,368
2,573,247
Depreciation and impairment
20,277
21,142

Other staff costs

40,927
82,242

Project delivery costs

359,563
248,446

Printing postage and stationery

18,851
29,668

IT, telephone and website costs

176,097
117,595

Travel

58,704
48,711

Office, accommodation and other costs

134,798
134,469
3,449,585
3,255,520
Share of support costs (see note 8)
20,925
17,630
3,470,510
3,273,150
Analysis by fund
Unrestricted funds
282,489
87,883
Designated funds
1,407,559
1,663,312
Restricted funds
1,780,462
1,521,955
3,470,510
3,273,150
8
Support costs
Support costs
Governance costs
2024
Support costs
Governance costs
2023
£
£
£
£
£
£

Accountancy and financial advice

1,200
-
1,200
3,418
-
3,418

Auditors' remuneration

8,700
-
8,700
7,560
-
7,560

Professional fees

7,950
-
7,950
3,172
-
3,172

AGM & Annual report cost

1,350
-
1,350
-
-
-

Trustees' meetings and other expenditure

1,725
-
1,725
3,480
-
3,480
20,925
-
20,925
17,630
-
17,630
Analysed between
Charitable activities
20,925
-
20,925
17,630
-
17,630
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 27 -
9
Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year. One trustee was reimbursed travel expenses of £95 during the year (2023: none).

10
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Project workers and administrative staff
102
103
Employment costs
2024
2023
£
£
Wages and salaries
2,428,708
2,361,187
Social security costs
208,965
204,810
Other pension costs
57,523
57,795
2,695,196
2,623,792

Key management personnel benefits totalled £253,814 in the year (2023: £306,573).

The number of employees whose annual remuneration was more than £60,000 is as follows:
2024
2023
Number
Number
£60,000 to £70,000
1
1
11
Net gains/(losses) on investments
Unrestricted
Total
funds
2024
2023
£
£
Revaluation of investments
(197)
-
12
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 Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 28 -
13
Tangible fixed assets
Freehold buildings
Leasehold improvements
Furniture and equipment
Total
£
£
£
£
Cost
At 1 April 2023
460,203
39,437
102,332
601,972
Disposals
-
-
(26,470)
(26,470)
At 31 March 2024
460,203
39,437
75,862
575,502
Depreciation and impairment
At 1 April 2023
217,543
7,888
88,600
314,031
Depreciation charged in the year
9,205
3,944
7,128
20,277
Eliminated in respect of disposals
-
-
(26,470)
(26,470)
At 31 March 2024
226,748
11,832
69,258
307,838
Carrying amount
At 31 March 2024
233,455
27,605
6,604
267,664
At 31 March 2023
242,660
31,549
13,732
287,941
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 29 -
14
Fixed asset investments
Listed investments
£
Cost or valuation
At 1 April 2023
2,017
Additions
67
Valuation changes
(198)
Disposals
(1,886)
At 31 March 2024
-
Carrying amount
At 31 March 2024
-
At 31 March 2023
2,017
15
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
152,691
442,768
Other debtors
7,725
7,725
Prepayments and accrued income
34,242
49,777
194,658
500,270
16
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Other taxation and social security
3,286
139,604
Deferred income
18
355,293
558,924
Trade creditors
37,696
32,509
Other creditors
4,298
16,096
Accruals
29,835
67,229
430,408
814,362
17
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Deferred income
18
-
41,667
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 30 -
18
Deferred income
2024
2023
£
£
Other deferred income
355,293
600,591

Deferred income is included in the financial statements as follows:

2024
2023
£
£
Current liabilities
355,293
558,924
Non-current liabilities
-
41,667
355,293
600,591
19
Retirement benefit schemes

TPT Retirement Solutions - The Growth Plan

 

The company participates in the scheme, a multi-employer scheme which provides benefits to some 638 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

 

The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

 

The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

 

A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

From 1 April 2022 to 31 January 2025:
£3,312,000 per annum
(payable monthly)
Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies.
Note that the scheme's previous valuation was carried out with an effective date of 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of £131.5m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows:
Deficit contributions
From 1 April 2019  to 30 September 2025:
£11,243,000 per annum
(payable monthly and increasing by 3% each on 1st April)
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19
Retirement benefit schemes
(Continued)
- 31 -
The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities.
Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost.
PRESENT VALUES OF PROVISION
2024
2023
2022
£
£
£
Present values of provision
1,458
3,121
4,896
RECONCILIATION OF OPENING AND CLOSING PROVISIONS
2024
2023
£
£
Provision at the start of the period
3,121
4,896
Unwinding of the discount factor (interest expense)
119
91
Deficit contribution paid
(1,783)
(1,783)
Remeasurements - impact of any change in assumptions
1
(83)
Provision at end of period
1,458
3,121
INCOME AND EXPENDITURE IMPACT
2024
2023
£
£
Interest expense
119
91
Remeasurements - impact of any change in assumptions
1
(83)
ASSUMPTIONS
2024
2023
2022
Rate of discount (% per annum)
5.31%
5.52%
2.35%
The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contributions.
In the event that CPSL Mind withdraws from the multi-employer defined benefit pension scheme, they must by law pay their share of the deficit, calculated on a statutory basis known as the buy-out valuation basis. This was last estimated on 30 September 2023 where the cost of withdrawal was £21,531.
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 32 -
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 2022
Incoming resources
Resources expended
Transfers
Balance at
1 April 2023
Incoming resources
Resources expended
Transfers
Balance at
31 March 2024
£
£
£
£
£
£
£
£
£
The Sanctuary
70,000
570,502
(593,483)
-
47,019
691,923
(636,232)
-
102,710
Prison Training
113
30,691
(32,309)
1,505
-
-
-
-
-
Discharge Buddies
1,198
378,363
(195,442)
-
184,119
237,561
(254,990)
-
166,690
Community Personality Disorder Service
21,342
158,333
(137,931)
-
41,744
200,000
(175,969)
-
65,775
University Good Life Service
2,086
16,053
(11,735)
-
6,404
-
(6,404)
-
-
Perinatal and Empowering Women
25,935
285,719
(293,287)
3,291
21,658
117,891
(190,093)
50,544
-
South Lincs Development
-
74,045
(59,697)
-
14,348
41,285
(79,098)
23,465
-
South Holland Good Life Project
10,064
50,638
(60,702)
-
-
-
-
-
-
Racial Equality
20,396
3,958
(18,991)
-
5,363
-
(5,363)
-
-
Rural Peterborough
9,514
64,269
(74,429)
646
-
-
-
-
-
Communty Connectors
-
39,446
(38,848)
-
598
282,987
(302,980)
-
(19,395)
Victim and Witness Support
-
10,510
(5,101)
-
5,409
66,838
(63,765)
-
8,482
Family Hubs
-
-
-
-
-
24,610
(21,450)
-
3,160
Voluntary Sector Led Collaboration
-
-
-
-
-
83,331
(44,118)
-
39,213
160,648
1,682,527
(1,521,955)
5,442
326,662
1,746,426
(1,780,462)
74,009
366,635
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20
Restricted funds
(Continued)
- 33 -

The Sanctuary - The Sanctuary provides a safe place for individuals experiencing an emotional or mental health crisis. It is open seven days a week from 11am to 11.30pm and works as part of the county-wide Crisis Pathway. In addition to crisis support The Sanctuary offers a six week proactive service to a small caseload of individuals. The Sanctuary is funded by Cambridgeshire and Peterborough Integrated Care Board (ICB).

 

Prison Training - An annual grant for the fiscal year is agreed with and paid by Sodexo Ltd for the Prison Wellbeing Service, which provides support for both male and female residents of HMP Peterborough. Delivered via one-to-one sessions and workshops for each resident group, the grant is sufficient to cover the deliverer’s salary costs and the small amount of materials required. This service has now ended.

 

Discharge Buddies - A project funded by the Cambridgeshire and Peterborough ICB to provide short term goal focussed support for individuals being discharged from Cambridgeshire and Peterborough Foundation Trust mental health inpatient wards, crisis teams and attendees of the Sanctuary proactive service as well as a pilot extension to accept referrals from the Liaison Psychiatry services based at A&E departments. Funding for the core service has been secured until March 2026 and we are in the process of submitting evidence to support an extension to the LPS service which is due to finish end of August 2024.

 

Community Personality Disorder Service - Working in partnership with Cambridgeshire Peterborough Foundation Trust, this service co-delivers dialectical behaviour therapy group sessions as well as offering peer support groups which cover a range of co-produced topics, for individuals struggling to manage complex emotions.

 

University Good Life Service - Delivering services to Students at Anglia Ruskin University (ARU) via Good Mood Cafes, enabling students to connect with their peers, supported by Information Sessions, providing practical tools and skills to improve mental health and wellbeing. Additional funding from ARU and the Evelyn Trust has allowed this project to continue to August 2022. This service has now ended.

 

Perinatal and Empowering Women - This is a developing area for CPSL Mind where currently most of the funding covers Peterborough and operates under several contracts outlined as follows:

Bids to trusts and grants are currently being submitted to expand delivery across Cambridgeshire.

Souths Lincs Development – Covering the districts of South Holland, South Kesteven and Boston. We deliver Night Light Café, a drop for people who are finding life difficult and Good Mood Cafes, we also support Good Mood Community Cafes which are operated by partnership organisations. Work in South Lincolnshire is funded by Mental Health and Wellbeing Sustainability Fund, Lincolnshire Integrated Care Board (ICB).

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20
Restricted funds
(Continued)
- 34 -

South Holland Good Life Project – Funded by the Cooperative, via National Mind and working with isolated communities in South Lincolnshire. Using an asset-based model to deliver support based upon the Good Mood Café model. This service has now ended.

 

Racial Equality – Funded by Pears, via National Mind. CPSL Mind working closely with the Lantern Initiative to educate and raise awareness of mental health issues in the Muslim Community. This service has now ended.

 

Rural Peterborough – A project funded by the Cambridgeshire & Peterborough CCG, running until Autumn 2022 and building on the Good Life model to deliver support services to those in isolated rural communities around Peterborough. This service has now ended.

 

Community Connectors - Aligned to six Primary Care Networks (PCN’s) in Cambridge Community Connectors work with individuals who have severe mental health challenges but are not suitable for Psychological Wellbeing Services (PWS) and do not meet thresholds for secondary care. Community Connectors provide the information and practical support that individuals need to connect with resources in their community that will support their recovery and wellbeing. The Community Connectors service is funded by Primary Care Additional Role Reimbursement and Cambridgeshire and Peterborough Partnership Foundation Trust (CPFT). Funding is received monthy and expenditure is expected to be lower in 2024/25 to cover the deficit.

 

Victim and Witness Support - newly launched in April 2023, this service provides short-term interventions to individuals whose mental health and wellbeing has been negatively impacted by being a victim or witness to a crime

 

Family Hubs - Family Hubs have funded a one year service design project to look specifically at the challenges of becoming a father and what support is available in the Peterborough area. This project will report and make system wide recommendations in June 2024. This project is funded by Peterborough Family Hubs.

 

Voluntary Sector Led Collaboration - This project is hosted by CPSL Mind to work equitably with voluntary, community and social enterprise (VCSE) organisations operating within the mental health, learning disability and autism sectors (Adults and Older People) with Cambridgeshire and Peterborough. Its purpose is

 

Transfers between funds relate to expenditure funded from general unrestricted funds.

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 35 -
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:
Movement in funds
Movement in funds
Balance at
1 April 2022
Incoming resources
Resources expended
Transfers
Balance at
1 April 2023
Incoming resources
Resources expended
Transfers
Balance at
31 March 2024
£
£
£
£
£
£
£
£
£
Fixed Asset Fund
303,681
-
(21,142)
5,402
287,941
-
(20,277)
-
267,664
Building Reserve
20,000
-
-
-
20,000
-
-
(20,000)
-
Disaster Fund
225,000
-
-
-
225,000
-
-
(225,000)
-
Charitable Services Fund
207,226
1,518,646
(1,642,170)
52,285
135,987
1,415,333
(1,387,282)
12,384
176,422
755,907
1,518,646
(1,663,312)
57,687
668,928
1,415,333
(1,407,559)
(232,616)
444,086

Fixed Asset Fund - The Fixed Asset Fund represents the net book value of fixed assets held by the charity.

 

Building Reserve - The Trustees had set aside £20,000 to cover the costs of any unexpected maintenance costs for property. This has been released to unrestricted funds during the year.

 

Disaster Fund - The Trustees had set aside £225,000 to cover approximately 1 months operating costs in the event that funding for the services is lost, and the charity has to be wound up. These costs exclude the costs of staff redundancy, which has been considered separately. This has been released to unrestricted funds during the year.

 

Charitable Services Fund - The charity receives funding for the provision of services to people with mental health problems in and around Cambridgeshire. The charity records the direct costs incurred in providing these services and charges administrative and overhead expenses to the funds. The projects covered are as follows:

CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 36 -
22
Analysis of net assets between funds
Unrestricted funds
Designated funds
Restricted funds
Total
Unrestricted funds
Designated funds
Restricted funds
Total
2024
2024
2024
2024
2023
2023
2023
2023
£
£
£
£
£
£
£
£
Fund balances at 31 March 2024 are represented by:
Tangible assets
267,664
-
-
267,664
287,941
-
-
287,941
Investments
-
-
-
-
2,017
-
-
2,017
Current assets/(liabilities)
166,371
444,086
366,635
977,092
811,138
-
326,662
1,137,800
Long term liabilities
-
-
-
-
(41,667)
-
-
(41,667)
Provisions and pensions
(1,458)
-
-
(1,458)
(3,121)
-
-
(3,121)
432,577
444,086
366,635
1,243,298
1,056,308
-
326,662
1,382,970
CAMBRIDGESHIRE, PETERBOROUGH AND SOUTH LINCOLNSHIRE (CPSL) MIND LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 37 -
23
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:

2024
2023
£
£
Within one year
26,031
31,111
Between two and five years
36,479
62,510
62,510
93,621
24
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

25
Cash generated from operations
2024
2023
£
£
(Deficit)/surpus for the year
(139,552)
88,630
Adjustments for:
Investment income recognised in statement of financial activities
(26,714)
(9,506)
Fair value gains and losses on investments
197
-
Depreciation and impairment of tangible fixed assets
20,277
21,142
Difference between pension charge and cash contributions
(1,783)
(1,783)
Movements in working capital:
Decrease/(increase) in debtors
305,612
(406,045)
(Decrease)/increase in creditors
(180,322)
134,265
(Decrease)/increase in deferred income
(245,298)
453,768
Cash (absorbed by)/generated from operations
(267,583)
280,471
26
Analysis of changes in net funds

The charity had no debt during the year.

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