REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Mid Cheshire Mind |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Mid Cheshire Mind |
Mid Cheshire Mind |
Contents of the Financial Statements |
for the year ended 31 March 2024 |
Page |
Report of the Trustees | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Balance Sheet | 7 |
Notes to the Financial Statements | 8 | to | 13 |
Mid Cheshire Mind (Registered number: 07553999) |
Report of the Trustees |
for the year ended 31 March 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 |
Objectives and aims |
The Charity operates in Mid Cheshire including the towns of Winsford, Northwich, Middlewich and the surrounding rural communities: |
a) to promote the preservation of mental health and to assist by enabling and empowering everyone experiencing mental health problems to live, manage and recover from their condition. |
b) to relieve the needs of people with mental health and mental health problems by gathering and disseminating information and working to raise awareness, promote understanding, and challenge stigma and discrimination. |
Public benefit |
The trustees have complied with the duty in Section 4 of the 2006 Act to have due regard to public benefit guidance published by the Charity Commission. |
Mid Cheshire Mind (Registered number: 07553999) |
Report of the Trustees |
for the year ended 31 March 2024 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Introduction |
Can I begin by saying thank you for taking the time to read our Annual Report and in your wider engagement with our organisation and our people. This report contains the key reflections of the Trustees covering the year to March 31st, 2024, and our thoughts on the period ahead. |
In setting out this report, it is worthwhile reflecting that Mid Cheshire Mind (MCM) has been providing vital services and support for over 22 years, initially as Winsford Mind, to the local Community. This service is something that we should all be tremendously proud of and is testament to the huge contributions of our staff and volunteers and the generosity and support of our funders. So, we begin with a huge thank you to all of those who helped us sustain what we do. |
Merger |
At the end of the previous year, the trustees recognised we lacked critical mass to grow our operations substantially while meeting all our obligations, legal, financial and commercial. We also were aware of the strategic goals of National Mind to encourage the merger of Local Minds to provide security of service in their communities. |
The resignation of our General Manager at the beginning of the financial year was the catalyst that drove the trustees to seek a merger with North Staffs Mind. |
Both organisations have a proud and long history of providing mental wellbeing services in their respective areas - with collective experience of over 60 years. Under our merger agreement, Mid Cheshire Mind will retain its name and will continue to provide services and fundraising activities throughout Cheshire with all money raised in Cheshire will be used for the benefit of the local area. |
North Staffs Mind has been providing interim leadership support to MCM since April 2023 allowing us to check that the merger was in the best interest of both organisations and their beneficiaries. The merger will result in combined expertise and mental health support services delivered in both regions. |
The combined organisation will employ over 100 people, offer a range of volunteering opportunities including placements for counselling students and in the last financial year provided services and support to over 12,000 individuals. |
Kate Boundy, Chief Executive of North Staffs Mind says: |
'We have always had great respect for our neighbouring local Minds and so were really excited to be approached about a potential merger. |
Bringing together the combined expertise and passion of both organisations is central to our core purpose of not giving up until everyone experiencing a mental health problem gets support and respect. The merger will allow us to continue to expand our service offer across a wider geographical area - quite simply by supporting the mental wellbeing needs of more local people and businesses'. |
As a result of the merger, we have secured the long-term future of MCM. We have a history of providing excellent mental health support in our region and we will now be able to expand our services and help more people in our Community. |
The trustees would like to thank and congratulate our staff and volunteers for maintaining our service provision during the merger activities. |
In summary, a combined organisation will allow North Staffs Mind to: |
" Improve service accessibility and connectivity: streamlining provision across Cheshire and North Staffordshire will enable individuals to find the support they need, regardless of their location." |
" Increase efficiency and improve effectiveness: our combined expertise and resources will enable us to enhance delivery across all services." |
Charitable activities |
The demand for mental health services continues to grow and we have been struggling to keep up with demand. However, with the support of North Staffs, we have been able to recruit more staff, and we are confident we are now able to grow our existing services and expand into new areas of support for our local residents. |
Our One for Sorrow bereavement counselling has continued to be very popular and is now a core service we offer. As we move forward, we will be looking into new ways of funding this activity and have a number of funders willing to work with us. |
Our regular group activities were curtailed during the period when we were in temporary accommodation. Since moving into our new premises in September 2023 we have been able to restart and expand our groups as well as increasing the number of counselling sessions we have been able to deliver. |
Next Year |
We expect to complete our merger with North Staffs Mind in September 2024. The combination of our new Centre, the positive press comment and the expertise of North Staffs Mind has allowed us to reengage with funders and fundraisers and we have a huge interest that is already feeding through to an improvement in our income and as a result we will be able to help more people. |
Mid Cheshire Mind (Registered number: 07553999) |
Report of the Trustees |
for the year ended 31 March 2024 |
ACHIEVEMENT AND PERFORMANCE |
Fundraising activities |
We continue to offer fundraising events to raise additional funds for the charity. |
Enormous thanks must be given to all the volunteers who have contributed their time and effort to making a difference to the mental health of local people. |
FINANCIAL REVIEW |
Financial position |
The results for the year are shown in the Statement of Financial Activities. Income for the year has decreased for the second year in succession to £85,233 whilst expenditure has decreased to £91,956. This has resulted in net expenditure for the year of £6,723 and leaves total funds at 31 March 2024 of £111,867. |
The reduction of income was largely due to a reduction of management and administration resources which resulted in fewer funding bids and less fundraising activity. Additionally, we were required to move premises during the financial year as the Winsford Town Centre redevelopment resulted in our old office being demolished. After a period of 7 months in temporary accommodation we moved into a refurbished Centre with more than double the space of our old site and an additional floor which will allow us to grow in the future. |
Our move was expected, and we were able to fund the refurbishment and move from our reserves plus a donation of £25,000 from National Mind and a grant of £4,500 from Screwfix. We spent a total of almost £60,000 on refurbishment and we will capitalise this expenditure and write it down over a period of 5 years, the length of our lease with West Cheshire and Chester Council. |
We were able to exit the financial year with 6 months of reserves and we could see that by working with North Staffs Mind, we have been able to attract more funding, and we have also been able to energise the local community into carrying out fundraising on our behalf. |
Investment policy and objectives |
The charity does not have an investment policy. When available, funds are held in interest bearing bank accounts. |
Reserves policy |
The trustees feel that the charity has a legal responsibility to it's beneficiaries to take a long term view of it's commitments. The trustees continue to consider the increasing insecurity of funding, the delay in assessments and the payment of grants and the need to give as much notice as possible of withdrawal of project work and/or support. The trustees are determined to work towards maintaining a reserve at the level of six months running costs to cover current commitments. This will include designated funds as detailed in guidance by the Charity Commission. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
Appointment of trustees is governed by the Memorandum and Articles of Association. |
Organisational structure |
The trustees delegate the day to day responsibilities of running the charity to the staff. The charity also has a management committee which consists of the trustees and two member representatives. |
Induction and training of new trustees |
New trustees are advised of their duties by the existing trustees and are provided with copies of previous years accounts. They are offered access to training, if required, and are informed of information and publications available through the Charity Commission. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Mid Cheshire Mind (Registered number: 07553999) |
Report of the Trustees |
for the year ended 31 March 2024 |
Registered office |
Trustees |
Independent Examiner |
Bennett Brooks & Co Limited |
Chartered Accountants |
St George's Court |
Winnington Avenue |
Northwich |
Cheshire |
CW8 4EE |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Mid Cheshire Mind |
Independent examiner's report to the trustees of Mid Cheshire Mind ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
M Snape FCCA |
Bennett Brooks & Co Limited |
Chartered Accountants |
St George's Court |
Winnington Avenue |
Northwich |
Cheshire |
CW8 4EE |
30 September 2024 |
Mid Cheshire Mind |
Statement of Financial Activities |
for the year ended 31 March 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Information and support services |
Other trading activities | 2 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Charitable activities |
Information and support services |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 10 | 2,185 | (2,185 | ) | - | - |
Net movement in funds | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 118,590 |
Mid Cheshire Mind (Registered number: 07553999) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 10 |
Unrestricted funds | 116,405 |
Restricted funds | 2,185 |
TOTAL FUNDS | 118,590 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Mid Cheshire Mind |
Notes to the Financial Statements |
for the year ended 31 March 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
• | the requirements of Section 7 Statement of Cash Flows. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Improvements to property | - |
Fixtures and fittings | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
2. | OTHER TRADING ACTIVITIES |
2024 | 2023 |
£ | £ |
Fundraising events |
Shop income |
DWP Resource Management | - | 3,498 |
Counselling | 470 | - |
Placements | 225 | - |
Mid Cheshire Mind |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
3. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Deposit account interest |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
Deficit on disposal of fixed assets |
5. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
6. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Trustees | 5 | 5 |
Charitable activities | 5 | 6 |
7. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 April 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
Mid Cheshire Mind |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
9. | LEASING AGREEMENTS |
Total operating lease commitments which are not included in the balance sheet amount to £7,200 falling due within one year, and £31,800 falling due within 5 years. |
10. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.23 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 116,405 | (28,806 | ) | 2,185 | 89,784 |
Restricted funds |
Kitchen fund | 612 | - | (612 | ) | - |
Refurbishment | 1,573 | - | (1,573 | ) | - |
Property Improvements | - | 22,083 | - | 22,083 |
22,083 | ( |
) |
TOTAL FUNDS | (6,723 | ) | 111,867 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 60,233 | (89,039 | ) | (28,806 | ) |
Restricted funds |
Property Improvements | 25,000 | (2,917 | ) | 22,083 |
TOTAL FUNDS | ( |
) | (6,723 | ) |
Mid Cheshire Mind |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
10. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 114,883 | (2,410 | ) | 3,932 | 116,405 |
Restricted funds |
Training fund | 3,573 | (1,884 | ) | (1,689 | ) | - |
Computer fund | 2,558 | (460 | ) | (2,098 | ) | - |
Kitchen fund | 2,000 | (1,388 | ) | - | 612 |
Refurbishment | 1,710 | (137 | ) | - | 1,573 |
Website fund | 145 | - | (145 | ) | - |
One for Sorrow | 12,984 | (12,984 | ) | - | - |
22,970 | (16,853 | ) | (3,932 | ) | 2,185 |
TOTAL FUNDS | 137,853 | (19,263 | ) | - | 118,590 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 90,693 | (93,103 | ) | (2,410 | ) |
Restricted funds |
Training fund | - | (1,884 | ) | (1,884 | ) |
Computer fund | - | (460 | ) | (460 | ) |
Kitchen fund | - | (1,388 | ) | (1,388 | ) |
Refurbishment | - | (137 | ) | (137 | ) |
One for Sorrow | 27,471 | (40,455 | ) | (12,984 | ) |
27,471 | (44,324 | ) | (16,853 | ) |
TOTAL FUNDS | 118,164 | (137,427 | ) | (19,263 | ) |
Mid Cheshire Mind |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
10. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 114,883 | (31,216 | ) | 6,117 | 89,784 |
Restricted funds |
Training fund | 3,573 | (1,884 | ) | (1,689 | ) | - |
Computer fund | 2,558 | (460 | ) | (2,098 | ) | - |
Kitchen fund | 2,000 | (1,388 | ) | (612 | ) | - |
Refurbishment | 1,710 | (137 | ) | (1,573 | ) | - |
Website fund | 145 | - | (145 | ) | - |
One for Sorrow | 12,984 | (12,984 | ) | - | - |
Property Improvements | - | 22,083 | - | 22,083 |
22,970 | 5,230 | (6,117 | ) | 22,083 |
TOTAL FUNDS | 137,853 | (25,986 | ) | - | 111,867 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 150,926 | (182,142 | ) | (31,216 | ) |
Restricted funds |
Training fund | - | (1,884 | ) | (1,884 | ) |
Computer fund | - | (460 | ) | (460 | ) |
Kitchen fund | - | (1,388 | ) | (1,388 | ) |
Refurbishment | - | (137 | ) | (137 | ) |
One for Sorrow | 27,471 | (40,455 | ) | (12,984 | ) |
Property Improvements | 25,000 | (2,917 | ) | 22,083 |
52,471 | (47,241 | ) | 5,230 |
TOTAL FUNDS | 203,397 | (229,383 | ) | (25,986 | ) |
The general fund represents the free funds of the charity which are not designated for particular purposes. |
The kitchen fund represents kitchen equipment donated by Vale Royal Lions Club. This fund has now finished. |
The refurbishment fund represents funding from NHS Vale Royal Clinical Commissioning Group towards refurbishment at the charity's premises. This fund has now finished. |
Having moved to new premises in August 2023, we created a new Property improvement fund with a grant of £25,000 from National Mind. These restricted funds will be depreciated over 5 years, the length of our lease in our new property. |
Mid Cheshire Mind |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
11. | RELATED PARTY DISCLOSURES |