REGISTERED COMPANY NUMBER: 02572955 (England and Woles) REGISTERED CHARITY NUMBER: 1001991 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 FOR VIETNAMESE MENTAL HEALTH SERVICES Leroy Reid & Co Chartered Certified Accountants and Statutory Auditors 299 Northborough Road Norbury London SW16 4TR
VIETIYAMESE MENTAL HEALTH SERVICES CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Page Reference and idministrstive details Report of the trustees Independent examlner's report Statement of flnanclal activlties Statement of financlal posltion Notcs to the finanelal Statements 10 to 16 Detalled slatemcnt of fln4ncl¥dl Bctlvltles 17 to 18
VIETNAMESE MENTAL HEALTH SERVICES REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2024 TRUSTEES Dr. L Ly Chair Dr Angela Byrne Mrs Hong Thi Nguyen Ms Tam Nguyen Ms Sui Hiin Lau Mr T T Luong COMPANY SECRETARY Mrs Hong Thi Nguyen RECISTERED OFFICE 25 Fair Stiret Tower Bridgc London SF.12XF REGISTERED COMPANY NUMBER 02572955 (F,ngland and Walcs) REGISTERED CHARITY NUMBER 1001991 INDEPENDENT EXAMIiYER Lcroy Reid & Co ChartLr¢d Ccitilied Accountants and StatOry Auditors 299 Northborougyh Road Norbury London SW164TR Page I
VIETNAMESE MENTAL HEALTH SERVICES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The truste&8 who are also directors of thc charity for the purposes of the Companies Act 2006. present their report with the financial staternents of the charity for the yedr endcd 31 tst March 2024. The trustees have ¢idoplcd the provisions of Accounting and RcpDrting by Charilies: Siatement of Recommended Practice applicablc to chai'ities preparing their accounts in accordance with the FinaT]Cidl Rvpurtillg Stiind(Ird applicable in the UK and Republic of Ireland (FRS 102) (effectivc l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aim8 The charity's objects and the principal activitivs of the Lompany are the provision of s¢rvinby thc mcntal health ne¢ds of people from Victn<Um in London. scrvicc8 provided include.. outreach, infonnal counselling. support to mental he¢tlth userslcarers. day cenlr¢s activities. educationallinformatiun and training lo Vietnames¢ people 41boul mental health issues and heallh/soLiuI Lare systems, and training io raise awareness amongst mainstreain professionals about the Vietnames¢ culture and perspective in mental health, in order to facililatc quality and culturally sen5itivc services to people from Vietnam who have mental health ditTicultiC8. The Charity continues lo explore ncw ways of improving the services provided and in this connection the planned new activity detuilcd bclow should be noted. The charity is organised so that the trustees meet regularly to manaL7e its affair8. Thcre is one full time director, who both managcs the day to day administration of th¢ Lharily, and organises nd-raising initiatives. W¢ arc grateful to volunteers who assist with the care of the clients. Signiflcant aetlvltle8 The main ai'cas ot. thc charitablc. activity are the provision of care and support to mentally disable peopl¢ and to provide infornydtion and educalion to Vietnamese Lommunity. Page 2
VIETNAMESE MENTAL HEALTH SERVICES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities Care and support provided: During ycar 2023 -24. At the end of March 2024. serviccs are provided to 134 active cases. Total cases are outlined as follows.. Dia Male Female Total Schizophrenia Depression Autism & Learning Disability D¢m¢ntia thcr p.sychiatriL problems 42 14 34 76 35 10 70 64 134 Anolhcr 575 8crvice users who were supported by Vietnamese Mental Healih Scrvices ("VMHS"} service ar¢ now stable and no longer rcquired our support. Endlng the Conlract wlth NHS South East London At th¢ m¢¢tingi on 9th Jdnuilry 21123, Ms Nalalic Suihcrldnd, D¢puty Dir¢ctor of NHS Soiithca8t London (nieeting) chair) informL.d VMHS thal IroiM a procurLm¢nt perspeclivc. this cont17cI could not bc cxtcndcd any further and would ¢nd on the 31 March 2023. C'ommissioners slaicd thdl although Lontraciually they wcrc unablc lo cxtcnd thc contract, but funds were available to upport thc Victnainese populalion in Lambeth, Souihwark and Lcwisham with their transition froin VMHS I() main.4lrLam %c'rvices. VMI18 submitlL'd the ihrcc boroiigh.s' Llicnt profiles on I sl March 2023 with a Transitioningy biidgyet. Therc wa5 a furthLr meetinbi on 4tli May 202.3 to discuss Ihc dclails of the client profiles (80 clienls) and transilioningi budgil (£91,424). At the nieeling on 4th May 2023, it was agr¢cd that the trdnsitioning period would start from l Sl April and ¢nd al 30th S¢ptcmbci' 2023. The Iraiisitioning budgLI of £91,424 (incliided slaff redundancy) was dgFreed, it Wils agrcLd Jubin would process lo gci the pUhas¢ order numbcr und thdt the budgTet would be paid in two in¥talincnt8 in advance. Decl$lon to ¢lo$e thL' VMHS The VMFIS Management Coinmiltcc Inct cv¢ry month since J<inuary 2023 to di,scu8s fiilure of VMHS. Thc ManagLmcnt CommittcL dcvided lo call a Spcci&il Gcncr411 Meeliiig on 28ih April 2023. Chair .starlcd the meelingj and stiltcd Ihal this wa8 Ihc Spccial General Meeling ot Viclnainese Mental Health Services, under Article 13, the quoruni is 50h/o of mcmb¢rs Lnlitled to vote attended. At present, wc have 28 mcmbcrs, prcsLnl¢d today 1.5 6, plus senl proxy fomi. For the Special Rcsolulions to be adoptcd, rcquirLd the support of 75 % of those voting. Today, there were 6 prcsLnlLd plus I I proxy I'cccivcd. Therefore, total attended were 17, and it is quorale for thi8 mccting. Chair Lontinued to state thal decision to recoinmcnd closurL of VMHS way that thc mdin funding for VMHS is conts'act froin NHS SE London whi¢h hdd been lermiiiated on 3 1st March 2023. VMHS can apply for fundinby lo start new projeLls. But Ihe dilemma is Ihal while Ihc orgdnitsdlion continued and Can only support Pdrt of Victnamc8c cominunity, and have lo luni away those with mental health ditTiculties, whom had used oui- support for many years. As coniinuiiity orgianisation, VMHS cannol overcome ihiq dilemma. Therefore, it is proposed that Vietnamese Mcntal I Icalih 8crviceg to be closed on 30th September 2023 after current active cases had transited to local mainstream mental health services. Drop-ln Day Centrc Day Centre- ESOL cla%b and Group activity had be¢n nsn as usual, on 3rd May 2023. Director and stsff hold a meeting wilh %crvicc users and informed thein that VMI IS will closc il opcration on 30th Scptcmb¢r 2023. During the next 5 months. VMHS. support workers will support and assist clients to access local mainstream mental health services, based on individual nceds. An official VMHS Closure announcement was s¢nt out to all stak¢holders. donors and services users on 15th May 2023. The closure announcement was also shared on the VMHS website. Page 3
VIETNAMESE MENTAL HEALTH SERVICES REPORT OF THE TRUSTEES FOR I'HE YEAR ENDED 31ST MARCH 2024 No new referrdls were accepted from May 2023. Staff focused their work on assisting and supporting curn1 services users in the transitioning process to access local mental health and wellbeing services as far as was possible. + VMHS Support workers supported the IransitioT]iT]g process in the following ways.. For clients who wLre under the care of CMHTS or 8pecialist s¢rvic¢s. handovLr TllLCting8 or di8cus8ions WL'rc hcld with C¢lTC cuordiniltors to highlight the ongoing nLcds. This was followed up with a letter confirniing the ¢losur¢ of the organisation and client needs. For client8 who ale solely under the care of GP8. individual Icttcrb were sent to every GP identifyingy the client and clarifying the closure and the serviccs that will no longer be available as a result. VMHS support worker8 infonned service users and their Carers of the relevant local mental health and wellbeing scrviLcs aviiilable. Service users and their carcrs decided which une they would like to access. VMHS support workers accompanied service u.%cr81 carcrs to the servic¢ and explained to the provider Ihat VMHS will no longer be providing mental health support to the Vietnamc8e c()mmunity. Where possible, fillther accompanying visitsl meetings were offered. Printed local servicc8 cuntliLt details were given to client and their familics and furthcr calls and mcctings wcrc held where Cli¢nt familics needed further explanation, r)espi¢e all these cffortts. we remaiii conccrn¢d abolit the needs of our niost vulnLrablc and i.solalcd .$crvicc uscrs. Dctails of individual Llienls, vuln¢rabiliti¢s are in each borou¥h Llienl profiles atlaclied. Billngual Coun%elling ScrvicLS As th¥ only orgyani.%alioii in the UK provide lingvuistic and culiurally approprialc counsclling to Victnamcsc coinmunity, VMI IS had fill the gap ol mainslre(Im menlal healtli serviccs in thL UK. The PrujcLI received a 3 years gvranl Irom Henry Smith Charily Slarin8 froni April 2020 10 March 2023. Duc lo Iindcrspcnt occurred during 3 yLar&i, Henry Sinith Charity a&irLed to use the undcrspent lo extend the services unlil 30th SL'ptcmbcr 2023. During thc 3.5 years p¥riod, VMHS receivcd 120 cli¢nls for counselling, all clicnt8 were assessed, and counsclling provided 876 8L.4bions. FINANCIAL REVIEW Flnanclal posltlon Thc slatement of Financial Activilics for the year ¢nd¢d 31 Mar¢h 2024 repoits a defiLIt uf £116,099 {2023 - deficit £4,138) and rcserve of £35,121 (2023 £171,220). The sigynificanl rise in thc dcticil lor the year is as a rc5uIt of specific cost as.socialed with the clo8e of IhL. L'harily al Ihe cnd of S¢pt¢mb¢r 2023. Victname5c Mcntal Health Service5 would likc lo Ihdnk LveryonL and all organisations that supported the Charity over the last 35 years. To our funders who provided sigynificant financial support, service uscrs, cairr¥, supportcrs, staf't and InanagL'mLnt all ot. whom havc rcdched deep into their pockets lo give generously of theii. finance and lime. The C.oinpany was grateful for the scrvicc level ag7reemenl received from NHS Southwark, NHS Lewisham, NHS Lainbcth and Adults Community services Lainbcih, City & HaL.kncy Mind Wellbeingv Network. dnd &irants awarded by Henry Smith Charity and Lloyd Bank Foundation. The trubtces would lik¢ to thank Ihc fundors for their financial support for the work of th¢ organisation. Page 4
VIETNAMESE MENTAL HEALTH SERVICES REPOR'f OF J'HL TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 FINANCIAL REVIEW Reserves pollcy It is the policy of the charity that unrestricted funds which have not been desigiiated foi a specific use should be mdinttiined (It a level equivalent to between thrce and six month's LxpLnditurc.. Thc trustce and director.s eonslder ihat reserves at this level will cnsurc that, in the event of a significant drop in funding. they will be able to LODtinue the Lhrfiriws current activities while consideralion iq givcn lo way8 in whiLh ¢idditional fund8 may bc raised. This level ol. reserves has been mainlaincd throughout the year. Th¢ trustees and dircctors havc a55cssed the major risks to which the charity is cxposed, and are salisfied that Systems are in place to mitlgate exposure to Ilic major ri&yks. FUTURE PLANS A% 41 rLsult of the Special General Meeting of Vietnamese Mcnlal Hcalth ScrvicL's, undcr Arliclc 13, hcld on 28th April 2023. membe v()tcd un 2 Special Resolutions below: Special Resolution I The TrL18tCLS of the Vietnaincse Mcntal Health Services are authorised to Iransfei. the asset5 of the Vielnamet>e Menlal Health Scrviccs to Lhill-lties with similar ObjcLts, subjticl lo the liabilities of the Vietnamese Mental Hcdlth Scrvices. and on such tcnns a5 the TtU8lees sec fil. Presenlcd mcmbL'I'tri Voted by raising hand unanimously lo agrce. SpeelAI Resolution 2 ThL Vietnamesc Mcntal H¢alth Services bc di98olvcd with cffLLI from bULh ddtL uftcr 311th ScptLmbcr 2023 a.s Ihc Tru8lcL4 niay decide aftei. Ihc Iran,%fLr vf the as%ets. PrL%L'lltLd niembers votcd by raising hdnd unaniinously lo agrcc. ThL' Miina&FLinent Commiltcc Lonsidcred this 1$ a $uccess for this ycar 2023-24. STRUCTURE, C()VERNANCF. AIYD MANAGEMENT GovLrning document ThL Lhllrily iy conti'nllLd by ilb governing docuincnt, a dL'Ld of trust, and ¢vnbtitut¢5 a limilLd Lompany, limitcd by gudrantee, as dcfinL.d by the Companics Acl 20116. Thc organisalion i8 <1 private coinpany limitLd by guarantcc with no share capital aiid was incorporatL(l on Ihc I Ith January 1991 at thc Rcgi,%lrar of C'ompanies ( England and WalL'¥), The L()nipdliy wa,$ c8labli%hcd uiider a Memorandum of As8()ciation which ¢stabliyh¢d the objcct4 and power8 of the charitable coinpany und is byoveimed undci. its ArtiLlcs of AS10cl(1tl0n. On the 28th February 1991 the coinpany was granted charitable status and became a registered charity by the Charity Commiysioner of England and Wales. Organlsatlonal structure Th¥ dir¢ctors of the company are also thc Iru81ccs foi. Ihc pui'posl of the Lharity law and undLr th¥ company's Arliclc arc known as members of th¢ MandgyLment Coinmittee. Under the requireinent of the Memorai)dum and Articles the members of the Management Coinmiltcc arL clcL'tLd to .%¥rve fur a period of one year whiLh they must r¢-clcLIL'd dt th¢. next Annual Gencral Mccting. The Vietnamc8c Mcntdl Hetiltli Services has a Management Committee of up to nine mernbers who meet quarterly and re responsible for the stralegic dircLliiin dnd policy uf the charity. At present the Coniinittee has six members from a variety of prof¢88iU1141 btlLkground relevant to the woi-k of th¢ Charity, A sch¢me delcgiltivn is in place and day to day responsibility for the provision of the services rest with the r¢ntral management team consists of the DircLtor and Finiince & Adminislralive Officers. 'I'he Outreach team ci)nsists of 4 Community M¢ntal Ilcalth Support Worker and 2 Bi-lingual Counsellor. The Dii'ector pi'ovides clinical and othei. supcrvision necessary for the teams lo operate and dcvclop health and illental hcalth seivice5 lo Vietnan]Lse communili¢s throughout the country, Health Newsletter in English-vietnamese-chinese was published every quarter and distributed to all Vielnainese coinmunity organisation and aroiind 1000 individuals. Page 5
VIF.I'NIlI>,. Ili.Nl'AI, HIIAI TFI REPORT OF THE TRUSTEES FOR THL I'LAR LNDLD 31S'I' MARCH 2024 Approved by order of tlie board of Irustees on 14th June 2024 and signed on ils behulf by: Dr. L Ly - Trusi¥# Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VIETNAMESE MENTAL HEALTH SERVICES Independent examiner's report to the trustees of Vietnamese Mental Health Services ('the Company,) I report to the charity ttustees on iny examination of the accounts of the Company for the year ended 31 st March 2024. Responsibilitles and basis of report As the charity's tnjstccs L)f the Company (and also Its directors for the purposes of company law) you are responsible for thc" prepaicltion of the accounts in accordance with the requiremcnts of thc Companies Act 2006 ('the 2006 Act,). HavingT 541tisfJed myself that the accounts of the Coinpany arc not rcquircd to be audited undcr Pan 16 of the 2006 Act and are eligible for indepcndent examination, I report in r¢spect of my examination of your charity's accounts a5 Ldrried out under Section 145 of the Charities Aci 2011 ('th¢ 201 l Act,). In canying out my cxamination I have followed the Direclions givcn by the Chtii'ity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner's statement I have completed my cxamination. I confirn] that no matters hav¢ come to my attention in connection with the exaniination giving m¢ cause to bclicvc.. accounting records werc not kept in rc8PCCt of thL Company a> required by Section 386 of thc 2006 Acl. or Ihe accounts do not accord with those records; or the accounts do nol coniply with thL aLLounting7 requirements of Section 396 uf the 2006 ALt othcr than any requircmcnt that the accounts givc a INC and fair view which is not a matlcr considci'Ld as part of an independent examination., or the account8 have not bccn prcparcd in acLordanLe with the methods and principlcs ()f th¢ Slalemenl of RLcommcnded Practicc far accountingF and rcportingy by charitie8 (applicable to charities preparingy thcir account8 in accordancL Wlth the Financial RLporling Standiird tipplicdble in the UK and RepubliL Ut Ircland (bRS 102)). I huve no conccrn.s and have comc across no othcr matlcrs in Lonnection with thL cxamindtion tu which allcnlion 8hould bc drawn in this rL'POrt in order lo cnabl¢ a propcr undirytanding of the accounts to be reached. EbcnLz¢r Okai, Bsc, FCCA Lcroy Roid & C'o Chtirtered Certified Accountants and Statut()ry Auditors 21)9 Northborough Road Norbury London SW164TR Date: Page 7
VIETNAMESE MENTAL HEALTH SERVICES STATEMENT OF FINANCIAL ACTIVITIES INCORPORATINC AN INCOIllE AN'D F.XPb:NDITUIIL ACCOUNT FOR THE YEAR ENDED.7IST MARCH 2024 2024 Total funds 2023 Total fund Unrestricted funds Reqtricted fund Noles INCOME AND ENDOWMENTS FROM Donations and legacics 912 912 13,756 Charitable aetivities Menlal Hcalth Services 97,172 97,172 189,832 Investtnent income Other incoinc 1,358 1,358 662 3,799 Tolvdl 99,442 99.442 208.049 EXPENDITURE ON Ch¥dritable activities Mental Health ServiL'es 224,873 10,668 235,541 212,187 NET INCOMEI(EXPENDITURE) (125,431) (10,668) (136,099) (4,138) RECONCILIATION OF FUIYDS Tolal funds brought forwar(I 160,552 10,66% 171,220 175,358 TOTAL FUND.S CARRIED FORWARD 35,121 35,121 171,220 Th¢ notes forn] part of these financial statements Page 8
L'I'NAMTr..%fr: M li N'fAL. IIE.:.41.'1'1 IIF.(;I.S'I'F:111,-I) Nl Ill I Ill'II.- 0247ZI)54 N-I. 01,. I,'INiliYLIAI. POSII'II)N 31ST IIARCII 2024 2024 2023 Notes FIXED ASSETS Tangible a.4seis C.URRENT AS•8ETS C.a.8h at bank and in haiid 52,277 188.37 CREDITORS AinoLinls lulling due withiii utlc yciir 1.3 (17,157) (17,157) NET CURRENT AS,SETS 35,120 171,219 TOTAL A.8SLTS LE CURRLNT LIABILITIES 171 720 NET ASSETS 35,121 UnreslriclLd lunds,, enL'ral lund Rcstrictcd lundli.. R¢%lriLlvd fiiii(J 35,121 l (111,552 i 0.66% TOTAL fuNDS 35,121 'he cliiirilable L()nipniiy is eiilitled In exLnipli(ITI Ir()m thiidil ui)Ller SeLlinn 477 1)f Ihc C'.niiipaiiiLS Act !IIOf? lor the ycur ended .3 I sl MarLli 2n24. 'rhc Incinbcrs have nul rcqiiircd Ihc coinp¢iny to (Iblain ¢in audit uf its financial %lalcnients fi)I' the ycor ci)d¢ 31 st March 2024 iii aLcorilancc with ScLtioii 476 nf ili¢ L,onipani¥s A¢1 21106. 'I'lIL Iru%l¢cs aLknoivlcilgL Ilicir rcsponsihililie.% tor Ln.%uringb ihai Ihc Lhdrilablc LOI))pany kLLp4 accounlinLi reL()rd% ihai coniply iviih Scclion$ 386 an(13117 of the CoiiipaniL¥% ALI 20(11) and prepdring liiianLiul sldlLinLI)ls whiLlI givc a triic and IAir view of the stale of affnirs of tSie Lhuriliiblc conipuny ils £ti Ilic ciid of calh IiTliiiiciiiI ycur ¢ind of il.% .%Lirplus or dclicil lur L¢tLh liii(IllLiiiI yeiif iii ii¢corilaiiLe witli Ilie requii'eniviit.s of ScLtion.4 394 aiiil 395 dnd whicli Dijiel'wi. L()Tiiply willi Ilie reqLiircmeiil% of thc Lumptiiiies Act 2006 relating lu financial 8laicincnt.8, $0 ffir os applicable to the charilable cniiipany. (b) 'rhcsL. fil11¢ ncial sldlcincn15 h&ve hccii prcpi1rcd in accoi'dAiicc with the pmvi.sinii8 applicablc to chi11'11111)Ic c()Inpni)ic SLibjccl lo IhL 8niLil I coinpaiiies regFiime. Tl)c finaiiLial sl&llcnientq were approved by the Buard of 'fru.stees aiid auihorised lor 14th June 2024 and ivcrc .%igincd on 11% bchalf hy.. oli Dr. L L.y - Tiilètc¢ The notes forin part of these linancial slateinenl% PabTe 9
VIETNAMESE MENTAL HEALTH SERVICES NOTES TO THE FINALYCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial sl¢ilemenls of the charitable coinpany, which is a public benefit entity under FRS 102, havc been prepared in accoi-dancc with thc Charities SORP (FRS 102} 'Accounling and Rcporting by Charities.. Statement of RecomTllLnded Practice applicable to chariti¢s preparing theii- accounts in ¢lLCOTd(InLc wilh the Financial R¢porting Standard applicablc in thc UK lind RepubliL of Ircland (FRS 102) (clyective l January 2019),, Financial Reportinb, Standard 102 'The Financial R¢porting Standard applicable in the UK and Republic of Ireland, and Ihc Comp(IniL'% ALt 2006. The financial 51alementè> havL bLcn prcpai'cd under Ihe historical Cost cunvcntion. IINCOME All inLoine is recognised in the Stat¢menl of Financial Activities once th¢ Charity has entitlement to thc funds, it is probable that the inLomc will bc rcccivcd and the amoLint can bc Incasurcd rLliably. EXPENDITURE Liabililies are recognised as expenditure as soon as ihere is a legal or construcliv¢ obligation committing the chariiy 10 thai Lxpenditure, it is probable ihal a transfer of cconomie benefils will be requircd in ,%etllemenl and the amounl of th¢ obli&yJlion can be measured reliably. Expenditure is accounted for on an accruals basi5 and hut been cla4sifi¢d under h¢ading8 Ihat aggTrcgalc all cost rclalcd to the category. Wh¢re cost% cannol be directly attributed to particular headings they have been allocatcd to activities on a basis consislcnt with the use of resources. TANGIBLF. blXED ASSETS Dcprcciati()n is providcd al thc following annual raiLy in ordLr to wriic OAT each a8set over its c¥limatcd 118eful Long ILdschold Plant aiid machinery Fixturc.s and fittingis Computer cquipni¢nl 50Q/o on c()%t 200/f) on cosl 200/0 on cost 250/h on cosl TAXATION Thc charity 18 cxempt from ¢orporativn tax on ils Charitable a¢tivitics. FUND ACCOUNTING Unreylricted fund% can be u8ed in accordance with the charitable objeclivcs at the discretion of Ihe trust¢es. Restricted fund8 can only be used for particular restricled purposes within the objects of Ihe charity. Restrictions arisc when speciticd by th¢ donor or whcn fiinds are raised for P<irlicular r¢slriclL.d purposes. Further explanation of the nature and purpose of each nd is inLluded in thc nutLs to the financial statetnents. PEN.SION COSTS AND UTHER POST-RETIREMENT BENEFITS The charitable company operates a defined Lonlribution pension sLhemL. Cuntribulions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to whiLh Ihcy rclate. Page 10 continued...
VIETNAMESE MENTAL HEALTH SERVICES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 DONATIONS AND LEGACIES 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Donations Go Fund Me Appeal )12 912 3,800 9,956 912 912 13,756 INVESTMENT INCOME 2024 Total funds 2023 Total funds Unrestrlcted funds Restricted funds Deposit account interest .358 1,358 662 INCOME FROM CHARITABLE ACTIVJTIES 2024 2023 Actlvlty NHS Southwark, Lcwisham & Lambeth The Henry Smith Charity Lluyd Bank Foundation Southwark Personali.8alion Harapan Trust London Borough Croydon CounLiI Mcntal Hcalth Scrviccq Mcnlal Hetilth ServiLes Mcnlal Hcallh Scrviccs Mcnlal HLalth SLfvicc8 Menlal Ilcallh Scrvices 91,424 113,982 46,100 27,250 2,200 300 2,150 Mental Healih Services 3,598 97.172 189.83? OTHER INCOME 2024 Total funds 2023 Total funds Unrostrl¢ted Restricted funds funds Other income 3,799 Page 11 continued...
VIETNAMESE MENfAL HEALTH SERVICES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024 CHARITABLE ACTIVITIES COSTS Dlrect Costs {see note 7) Mental Health Services 235.541 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 SiatTLostS Rent and rales InsuranLe Light and hcat Tclephone Poslage and statiunery Drop in centre Hoine visit and travellingF expenses Publication and Icaflels Repair8 and m<iintenanLe Cominunity niental hLalth prornotion Training and cduLalion material Hall Hire Clinical supervision OffiLc ¢quipnient and computLr Examiners fees Payroll feeb Annual General Mccting Bank charges RcdundiinLy Cost8 Transport hire Activities and spccial cvcn15 Depreciation 197.336 9,375 903 2.709 1.830 ,453 1,636 1,627 475 605 164.276 13,906 1,477 2.719 968 4,362 2,309 3.354 528 610 976 3.965 45 1.5f)5 3,259 1.800 585 590 208 2,868 70 315 1,800 236 837 72 875 13,387 1,817 235,541 212.1117 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is slatcd aft¢r ¢har&Fing/(crediting)'. 2024 2023 Depreciation - owned dysets 1,817 Page 12 continued...
VIETNAMESE MENTAL HEALTH SERVICES NOTES TO THE FIIYANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 TRUSTEESI REMUNERATION AND BENEFITS There were no trustees, remunerdlion or other bencfils for th¢ year cndcd 3 1st March 2024 nor for the year ended 3 1st March 2023. TRUSTEES, EXPENSES TherL' were no trustees, exp¢ns¢s paid for th¢ year ended 31st March 2024 nor for the ycar cndcd 31st March 2023. 10. STAFF COSTS 2024 2023 Wables and salaries Social security costs Other pension costs 185,616 10.462 1,258 153.711% 11.503 1,985 197,336 164,276 The average monthly numbcr of ¢mploy¢¢s durin&7 the year was as follows., 2024 2023 Dircct charitable work Managcmcnt and administration of charily No employcL'% fcLcived emoluinents in exce55 of £60,000. REDUNDAIYCY PAYMENTS All the employccs of the churity were Inade redundant in Sepieinber and D¢¢¢mb¢r 2023 rcspectively. Total paymcnts was £85,841 and this is includcd in staff cosi (nolc 10). 12. TANGIBI.E DIXED ASSETS Flxtures and rittings Long IL YdliLhold Plant and machinLry Computer equipment Tolals COST At 1st April 2023 and 3 Ibt Miirch 2024 28,233 8,980 63,960 49,215 150,388 DEPRECIATION At I 51 April 2023 and 31st March 2024 28.233 8,980 63.960 49,214 150,387 NET BOOK VALUF At 31st March 2024 At 31 st March 2023 Page 13 continued...
VIETNAMESE MENTAL HEALTH SERVICES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors Accrued expenses 15,357 1.800 15.357 1,800 17.157 17.157 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestrlcted funds RL'5tricted fund Fixed as8els Current assels Current liabiliLics 52.277 (17,157) 52,277 {17,157) 18X,376 (17,157) 35,121 35,121 171.220 15. MOVEMEIYT IN FUNDS Net movemcnt In fund5 At 31.3.24 At 1.4.23 Unrestrlcted fund5 General fund 160,552 (125,431) 35,121 Restrleted funds Rcslricled fund 10,668 (10,668) TOTAL FUNDS 171,220 (136,099) 35,121 Nct movcmenl in nds, includcd in thc above drc ab follows: Incomlng rL'sources Resour¢e$ expended Movement In funds Unrestrlcted funds Generdl fund 99,442 (224,873) (125,431) Restricted funds Restricted fund (10,668) (10,668) TOTAL FUNDS 99,442 (235,541) (136,099) Page 14 continued...
VIETNAMESE MENTAL HEALTH SERVICES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024 15. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement In funds At 31.3.23 At 1.4.22 Unrestrlcted funds General thnd 157,969 2,583 160,552 Restrleted funds Restricted nd 17,389 (6,721) 10,668 TOTAL FUNDS 175,358 (4,1.38) 171,220 Lomparative net movcmLnt in nds, included in the above dre as foll()ws.' Incomlng resources ResourcLS L'xpcnded Movement In funds UnrestrictL'd funds (icneral fund 166,140 (163.557) 2,583 Re%trl¢ted funds Restricted frund 41,909 (48,630) (6,721) TOTAL FUNDS 208,(149 {212,187) (4,138) A currcnt yLar 12 Inonths and prior ycar 12 months Lombined PL)Sition 18 as lollows: Net movement in funds At 31.3.24 At 1.4.22 Unrestrleted funds General fund 157,969 (122,848) 35,121 Restrlcted funds Restricled fund 17,389 (17,389) TOTAL FUNDS 175,358 (140,237) 35.121 Page 15 continued...
VIETNAMESE MENTAL HEALTH SERVICES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED31ST MARCH 2024 15. MOVEMENT IN FUNDS - eontinued A current year 12 months and prior year 12 months combined net movement in funds, included in the abov¢ ar¢ as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 265,582 (388,430) (122,848) Restricted funds Restricted fund 41,909 (59,298) {17,389) TOTAL FUNDS 307,491 (447,728) (140,237) 16. RELA TED PARTY DISCLOSURES There were no related parly transactions for the year ended 31 st March 2024. Page 16
VIETNAMESE MENTAL HEALTH SERVICES DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds JNCOME AND ENDOWMEIYTS Donatlons and legAcles Donations Go Fund Me Appeal 912 912 3,800 9,956 912 912 13,756 Investment Income Dcposit account inlcrest ,358 ,358 662 Charitable a¢tivities NEIS Southw(Irk, Lewisham & Larnb¢th The Henry Smith Charily Lloyd Bank Foiiiidation Souihwark Personalisation Harapan Trust London Borou&yh Croydon Council 91,424 91,424 113.982 46,100 27,250 2,200 300 2,150 2,150 3,598 3.598 97,172 97.172 189,832 C)ther Income Othcr incomc 3,799 TotY41 Incomln¥ rLsources 99,442 99.442 208,1149 EXPENDITURE Charltable aLtlvltle5 Wages SoLial 8cciirily Pensions Rcnt and rates Insurance Libyhi and heat Tclcphone Postagc and stalioncry Drop in centre Hoine vi8il and Iravclling expenses Publication and Icaflets Repdifb and inaintcnance Conimunity mental health promotion TrainTllgi lind education inatCLial Hall Hir¢ Clinical supervision Office equipm¢nt and computer Examiners fees Carried fonvard 174,948 10,462 1,258 9,375 903 2,709 1,830 1,453 1.636 1,627 475 605 10,668 185,616 10,462 1,258 9,375 903 2,709 1,830 1.453 1,636 1,627 475 605 153,788 8,51)3 1,985 13,906 1.477 2,719 9611 4,362 2,309 3.354 528 610 976 3,965 45 1,565 3,259 1,800 206,119 70 315 70 315 1,800 209,466 1,800 220,134 10,668 This page does not fomi part of the slalutory financial statements Page 17
VIETNAMESE MENTAL HEALTH SERVICES DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Chydrltable Ydctlvltles Brought fonvard Payroll fc Annual G¢n¢ral Meeting Bank charges R¢dundancy Costs Transport hire Activities and special evcnts Depreciation of tangible fixed assets 209,466 236 837 72 10.668 220.134 236 837 72 206,119 585 590 208 2,868 875 13,387 875 13,387 1,817 224,873 10,668 235,541 212,187 Total resources expended 224,873 10,668 235,541 212.187 Net {expendlture)Ilncome (125,431) (10,668) (136,099) (4.1.18) This page does not forni part of the statutory financial statements Page 18