Finance Score: -1

Governance Score: 6

Support Score: 5

Low unrestricted reserves: -2
Reasonable growth: +1

Good trustee age range: +3
Dynamic board: +3

Grant maker support: +5

Overall GiG Score: 10

HERTS MIND NETWORK LTD

The promotion of positive mental health and support in recovery from mental or emotional distress by meeting the needs of the individuals, enabling them to make informed choices and take control of their lives.

Analysis by Giving is Great

Positives:

There has been reasonable growth in spending over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end

Established: 18 years

www.hertsmindnetwork.org

info@hertsmindnetwork.org

02037273600

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£4,384	£4,191	£193	£0	£789	£295	0.8	103	200
31/03/22		£3,093	£3,011	£82	£0	£596	£441	1.8	89	200
31/03/21		£2,856	£2,734	£123	£0	£514	£404	1.8	101	116
31/03/20?		£1,305	£1,287	£18	£0	£391	£352	3.3	117	94
30/09/19		£2,698	£2,626	£71	£0	£373	£300	1.4	82	102
30/09/18	*	£2,302	£2,339	£-37	£0	£302	£186	1	73	0
30/09/17		£2,068	£2,117	£-49	£0	£339	£144	0.8	57	0
30/09/16		£1,754	£1,818	£-64	£0	£388	£219	1.4	49	0
30/09/15		£1,617	£1,732	£-116	£77	£452	£305	2.1	43	0
30/09/14		£1,473	£1,525	£-52	£102	£567	£310	2.4	38	0
30/09/13		£1,382	£1,352	£29	£86	£619	£41	0.4	34	0
30/09/12		£1,191	£1,168	£23	£76	£554	£60	0.6	26	0
30/09/11		£740	£663	£77	£34	£531	£48	0.9	16	0
30/09/10		£770	£735	£35	£42	£455	£18	0.3	14	0
30/09/09		£730	£686	£43	£47	£419	£22	0.4	15	0
30/09/08		£537	£552	£-16	£48	£376	£43	0.9	12	0
30/09/07		£350	£331	£20	£0	£0	£0	n/a	0	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 71%
Liabilities/Income: 44%
Unrestricted Funds/Total Funds: 37%
Reserves/Spending: 0.8 months
Net Current Assets/Spending: 2 months
Quick Ratio: 0.7

Asset Split ?

Listed activities

Disability
Education/Training
Other Charitable Purposes
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

How it operates

Other charitable activities
Provides services

Where it operates

Hertfordshire,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities

Who works here?

103 employees
200 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

DCMS	£17,688
Rothschild Foundation	£10,000
Co-Operative Group	£9,296

Specific Donations

Amount	When Months	To be used for
Co-Operative Group - Grant to Hertfordshire Mind Network
£4,034	21/10/2023	We would like to create a welcoming, safe space at our Dacorum Centre and provide a range of mental health resources for our Meeting Place, alongside a diverse and engaging programme of events.
Rothschild Foundation - Grant to Herts Mind Network
£10,000	03/09/2021	Funding for Herts Mind's Community Support Service operating in Bucks and providing individual outreach support to people who are experiencing mental ill health.
DCMS - Coronavirus Community Support Fund
£17,688	29/09/2020	"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more "The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."
Co-Operative Group - Grant to Herts Mind Network
£5,262	15/11/2019	We want to provide a valuable horticultural project, 'Green Minds’ for local people experiencing mental health issues.
National Lottery Community Fund - Borehamwood Employment Support Service
£9,845	14/02/2019 12	The organisation will use the funding to expand the employment skills service and help people who face barriers to training, education and employment opportunities.
Co-Op Foundation - Youth Community Spaces offer
£9,673	20/12/2018	Engaging young people to see how wellbeing centres can be more appealing to young people
DCMS - Building Connections Fund - Community Spaces
£9,673	20/12/2018	Engaging young people to see how wellbeing centres can be more appealing to young people
Quartet Community Foundation - Grant to Herts Mind Network
£4,950	01/12/2017	Towards creating and equipping a purpose built workshop to enable to provide a weekly woodwork group for adults experiencing mental ill health.
National Lottery Community Fund - The 'PS ...' Project
£265,809	06/10/2014 36	Not Available

Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Age Range of Trustees: 33-65

ELENA LOKTEVA Appointed: 2019, Occupation: Chief Financial Officer

HELENA MARKS-DWYER Appointed: 2021, Occupation: Independent Send Consultant Adviser

JESS LIEVESLEY (Chair) Appointed: 2020, Occupation: Deputy Chief Executive

LUKE DONOVAN-KING Appointed: 2022, Occupation: Vp Marketing

RITU SHARMA Appointed: 2021, Occupation: Consultant Non-Practising Solicitor

TALITHA-ROSE CARTER Appointed: 2022, Occupation: Social Worker

TRACEY CARTER Appointed: 2022, Occupation: Nurse

WILL LEWIS Appointed: 2021, Occupation: Head Of Engineering

Legal constitution

Charitable company registered in England & Wales on 12/12/2005, number: 1112487
Registered at Companies House on 10/08/2005, number: 05532977

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Ofsted (Office For Standards In Education)

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Volunteer management

Filing Record

17 returns made; AR18: 104 days late,

Main office

501 ST ALBANS ROAD
WATFORD
WD24 7RZ

Objectives

TO PROMOTE MENTAL HEALTH AND TO ASSIST IN RELIEVING AND REHABILITATING PERSONS SUFFERING FROM MENTAL DISORDER OR CONDITIONS OF EMOTIONAL OR MENTAL DISTRESS REQUIRING ADVICE OR TREATMENT, IN ASSOCIATION WITH THE NATIONAL MIND ASSOCIATION WITH THE AIMS AND OBJECTS OF THAT ORGANISATION.

Defined Area of Benefit:

THE AREA COVERED BY HERTFORDSHIRE COUNTY COUNCIL

Data Sources