Financial Management and Systems

Derbyshire Mind prepares accounts according to the methods and principles contained in the Accounting and Reporting by Charities, Statement of Recommended Practice (SORP) (revised 2000).

Annual Reports are prepared annually and are audited annually as required by the Companies Act and Charities Act.

Derbyshire Mind meets Inland Revenue, Customs and Excise and Department of Social Security requirements.

Nominated persons regularly monitor income and expenditure, petty cash, salaries, pension contributions and cash flow.

Financial transactions are conducted and recorded to ensure one person’s work can always be checked by another.

Derbyshire Mind has appropriate insurance cover, which is regularly reviewed and updated.

Separate accounts and budgets are maintained for separate services.

Who provides Derbyshire Mind with its funding?

Derbyshire Mind is funded by Derbyshire County Council and Derbyshire County Primary Care Trust.

In addition many local organisations and businesses make donations in support of our work.