THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Company No. 02990385 Registered Charity No. 1042760 (England & Wales) Registered Charity No. SC039845 (Scotland)
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGE Reference and Administrative Details Trustees, report Independent auditorfs report 10-12 Statement of financial activities 13 Balance sheet 14 Cash Flow Statement 15 Notes to the financial statements 16-26
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Office St. Saviourfs House, 3941 Union Street, London, SEI ISD Registered Company Number 02990385 Registered Charity Number 1042760- England & Wales SC039845 - Scotland Directors and Trustees The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows: Professor Stephen Scott Dr Gordana Milavic Dr Mark Lovell Professor Kathy Sylva Professor Andrea Danese Dr Carol Ann Homden Dr Dennis Ougrin Mr Harold Bennison Mrs Laura Marie Hanks Dr Cornelius Chijindu Ani Dr Eunice Ayodeji Dr Soumitra Datta Professor Tamsin Ford Professor Francesca Happé Professor Prathiba Chitsabesan Professor Kam Bhui President Chair Deputy Chair and Director of CPD and Training Honorary Treasurer Academic Secretary (Appointed 20 November, 20241 Member Member Member Member Member Member Member Member (Resigned 19 January, 2025) Member (Resigned 17 January, 2024) Member (Resigned 27 September, 2024) Member (Appointed 20 November, 2024) Key Management Personnel Chief Executive Mr Martin Pratt Senior Management Team Mrs Prabha Choubina Mrs Megan Archer Mr Matt Kempen Ms Dalia Alfred Publications Director Deputy Chief Executive Marketing Manager eCPD Manager Advisors Bankers Auditors Investment Advisors Solicitors National Westminster Bank plc, 214 High Holborn, London, WCI 7BX Azets, Regis House, 45 King William Street, London, EC4R 9AN Leagold Miller, 500 High Road, Woodford Green, Essex IG8 OPN Russell-cooke, 2 Putney Hill, London, SW15 6AB
TRUSTEES REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees, who are also directors for the purposes of company law, present their report, together with the financial statements, for the year ended 31 December 2024. Structure, Governance and Management Governing Document The Association is a company limited by guarantee governed by its Memorandum and Articles of Association dated November 15, 1994, as amended by special resolution on February 1, 2021. The liability of members of the company is limited to £1 each. It is registered with the Charity Commission for England and Wales and with the Office of the Scottish Charity Register. Appointment of Trustees Our Trustees are elected by members at the Annual General Meeting. The Board can appoint a Trustee to fill a vacancy in the membership of the Board. They will hold office until the next Annual General Meeting when they may be elected by the members. The induction process for new trustees includes discussions with current and retiring Trustees, meetings with the Chief Executive and provision of key information. This information includes a copy of the latest set of audited accounts, the Memorandum and Articles of Association of the Company, the latest minutes of meetings, a brief history of the Charity, and the Charity Commission's Publication "The Essential Trustee" A list of staff is provided, together with a list of other Trustees. Management Structure Our governing body is the Board of Trustees which meets four times a year. The Board appoints a Chief Executive to manage the day-to-day operations of the Association. Officers of the Board are appointed from among the Trustees and include the Chair, Deputy Chair, Honorary Treasurer, Academic Secretary, Dirertor of CPD and Training and Branch Liaison Officer. Board meetings are attended by the Chief Executive, members of the senior management team and Editors in Chief of the Associations journals in an ex-officio capacity. The key management referred to in the financial statements of the charitable company comprises the Trustees, the Chief Executive and the senior management team. The Trustees do not receive any remuneration for this role. Culture and Ethics The Association engenders a corporate culture which ensures that trustees, branch officers and employees understand their responsibility for appropriate behaviour, that the Board actively seeks to cultivate and sustain an ethical corporate culture and that the Association takes active measures to ensure that its ethical standards are adhered to in all aspects of its business.
TRUSTEES REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Pay Policy for Senior Staff We are committed to paying all staff a fair level of pay that aims (as part of an overall package of benefits} to attract and keep appropriately qualified staff to lead, manage, support and deliver the charity'5 aims. In 2019, the Association was accredited as a Living Wage Employer by the Living Wage Foundation. With the exception of the Chief Executive all salaries are reviewed on an annual basis by the CEO and the Deputy CEO. The salary of the CEO is reviewed by the Board as part of the appraisal process. We have adopted and works to confirm with the guidelines issued by The National Council for Voluntary Organisations INCVO} on remuneration "Setting and Communicating Remuneration Policies. A quick guide for charities" Investment Policy We do not rely on investment income to finance projects. developments or initiatives. The Board has a socially responsible investment policy to maximize the value of its assets whilst balancing present and future needs and minimizing exposure to risk. Fundraising We do not undertake any fundraising activities to finance projects, developments or initiatives. Aims and Objectives Our charity's purposes as set out in the objects contained in the companvs Memorandum of Association are the advancement of all matters concerning the mental health and development of children, young people and their families by promoting and disseminating scientific research and scholarship and their implications for the evidence-base of multi-disciplinary clinical practice. Principal Activities Principal among our activities are: Publications: The publication of high-standing, international journals, including the academic, authoritative and highly cited monthly Journal of Child Psychology & Psychiatry IJCPP) and the practical, clinically relevant, quarterly Child & Adolescent Mental Health (CAMHI. Also, The Bridge, an online magazine presenting the most clinically relevant research from our two peer review journals as well as interesting and important studies from the wider literature, helping members to learn and augment their existing CPD activities. Conferences and training- A combination of online and face-to face events which cover the latest advances in research and treatment- methods which, together with our flagship Jack Tizard, Emanuel Miller and Judy Dunn international conferences and other CPD initiatives, promote evidence-based practice and support the professional CAMH community.
TRUSTEES REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Public Benefit The Trustees confirm that they have referred to the directive contained in the Charity Commission general guidance on public benefit when reviewing our charivs aims and objectives and in planning future activities. Our current activities, developing priorities, progressing initiatives and targeted strategic plans reflect our role in supporting the professional CAMH community and, thus, facilitating the advance of research across academia, and the improvement to services and service delivery for all those working within clinical practice. This will continue to bring optimal benefit to all those using the services and relying on the expertise of clinicians and excellence of research in translating results into best evidence-based practice. Achievements and Performance ACAMH continued to benefit from the marked shift in online delivery or learning, which led to an expanding international audience, including delegates from countries we had previously never seen interest from, thereby allowing us to further accelerate our vision of 'Sharing best evidence, improving practice,. The Association continued its successful online dissemination activity, with over one million web visits. Our excellent podcast series was further expanded with the creation of three mini-series, led by ACAMH young ambassadors, around the topics of RESHAPE. Oxwell, and Racism and Mental Health. There were around 100,000 listens of our podcast series across the year, proving the value of this initiative. Our ACES Special Interest Group ran seven free webinars across the years, attracting over 6,000 registrations. Full time Undergraduate / Masters membership tier Following the launch of the new membership tier, Interest from students in joining ACAMH was clear, with over 200 new applications welcomed, including some from overseas bodies, the £5 fee making it accessible for most. In amongst other benefits, many students also took advantage of the offer to attend any ACAMH event for a £5 fee, as often as desired during their studies (except for specialist events like Master Classes), thereby facilitating access to speakers and talks that they may traditionally never have been able to comfortably afford to access. Increasing international impact The initiative to award anyone working in a Low and Middle Income Country (as defined by the OECD) free ACAMH membership started to gain traction, with 70 professionals taking up the offer.
TRUSTEES REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Diversity ACAMH has always worked to ensure that its policies and practices are shaped by the perspectives of diverse groups within society generally and the mental health and allied professions more specifically. As part of this ongoing commitment, the Association worked towards enacting a policy enshrining these principles. Journals The journals continued to show growth throughout 2024, attracting higher number of submissions. The Journal of Child Psychology & Psychiatry {JCPPI continues to be the top journal in developmental psychology attracting very high volume of submissions. Child and Adolescent Mental Health ICAMH). our prartitioner-focused journal, is leading important debates in the field. Some of the topics covered are - Where to nextfor universal school-based mental health interventions? and Urban versus rural environments - which is betterfor mental health ? The one good thing about o small town... JCPP Advances (JCPPAI which completed 4 years of publishing in 2024, has been indexed in Pubmedcentral in addition to Do (directory of open access journals) and PsyclNFO. the abstracting and indexing database of American Psychology Association. The journal will receive its first Impact Factor in June 2025. The plans forjournals in 2024 include growth in terms of publication output while focussing on improving author and editor experience. The journals are closely monitoring the developments in Al in publishing and its impact. Events and CPD activity Whilst online-only events continued to be the norm, a limited number of face to face events did take place in 2024 to meet specific training needs. The formats of our webinars continued to be flexible and reflect the ti me constraints or our delegates. Pricing continues to be accessible to all and free events play their part in our programme. Our three flagship conferences, the Emanual Miller International Conference, the Jack Tizard International conference and the Judy Dunn International conference featured speakers of international reputation and generated significant interest from delegates, including many from outside the UK. The impact of the online-only approach is not restricted to our flagship conferences. World class speakers can, and do, take part in smaller events and delegates from around the world are able to join our smaller events or webinar series. The Association has been heavily reliant on volunteers to create our events. Many of these volunteers are working in roles where there are increasing demands on their time. To reduce reliance on these volunteers, and to be able to deliver a broad event programme that continues to meet the needs of delegates, a new events strategy was implemented at the end of 2024. This strategy included the recruitment of a clinician to lead a team of staff with the vision to deliver a revitalised programme from 2025.
TRUSTEES REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Launch of our dedicated CPD video portal ACAMH Learn, the new online learning platform from the Association for Child and Adolescent Mental Health IACAMHI, was launched in October 2024 as a free, open-access resource designed to advance education and professional development in child and adolescent mental health. The platform brings together ACAMH'S extensive library of audio and visual content, including specially commissioned new videos and podcasts from over 200 world-leading experts with diverse academic and clinical backgrounds. The launch of ACAMH Learn addresses a critical need for accessible, high-quality continuing professional development ICPD} in the field. Many practitioners, clinicians, academics, teachers, social workers, and even parents or carers face barriers such as limited time or budget to access reliable CPD resources. ACAMH Learn overcomes these challenges by offering a wide range of accredited content-from quick mrch-busting videos to in-depth expert lectures-covering topics like autism, ADHD, eating disorders, anxiety, suicide, and self-harm. The platform is designed for maximum accessibility. featuring downloadable CPD certificates, transcripts, closed captions, and the ability to create personalized content libraries. New material is added weekly, ensuring users have ongoing access to the latest evidence-based knowledge and best practices in the field. ACAMH Awards- celebrating success ACAMH awards reached its 6th successful year in 2024. With over 100 nominations for 13 categories, the programme is perceived as popular and prestigious in the field. The programme has brough together many researchers and practitioners in a way that has led to collaborations and mentorships. We have ambitions to grow further to recognise the work of many more researchers and practitioners further afield. Future plans- looking ahead in 2025 We remain commitied to building the world's most trusted digital hub for child and youth mental health research. Our mission centers on translating cutting-edge evidence into meaningful improvements for children, young people, and families globally. This commitment drives our vision: Sharing best evidence, improving practice. ACAMH continuously seeks breakthrough approaches to engage our community and expand our global impact. The launch of ACAMH Learn in mid-2024 represented a transformative milestone-delivering comprehensive video-based educational resources that respond to the demonstrated worldwide demand for accessible, high-quality knowledge demonstrated through our successful webinar programs. We will leverage the momentum of our digital events to strengthen international collaboration. Our focus is on empowering professional organizations worldwide through partnership and mutual support, fostering a collaborative ecosystem rather than competitive relationships. We are committed to making ACAMH membership accessible to the next generation of practitioners by actively promoting our Undergraduate / Masters and International membership options to students across the UK and internationally.
TRUSTEES REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 The possibility of developing comprehensive translation strategies to make ACAMH resources available in additional major languages, ensuring broader global accessibility to our evidence-based content will be explored, with Spanish being the first language to be explored. Our three journals form the scientific backbone of ACAMH'S research contribution. We will create innovative pathways to further integrate journal findings into ACAMH Learn and our broader digital platform, ensuring research translates directly into practical application. We will actively exploring the integration of emerging Al tools to enhance content delivery, personalize learning experiences, and streamline access to our evidence-based resources. Risk management The Trustees are responsible for overseeing an effective, flexible, and responsive risk management strategy. The Board seeks to achieve a balanced approach in respect of all material and relevant risks, considering the wider context together with internal plans. The Association has a risk register in place with risks rea55essed on an ongoing basis. The Board can confirm that: the risk management policy is reviewed to optimise fitness for purpose internal systems of checks and balances have been established to ensure that all necessary steps can be, and have been, taken to identify and pro-actively manage risks appropriate levels of risk have been always maintained and the management of risk is integrated into business strategy and processes and embedded into all levels of the Association The current main risks identified are as follows: Reliance on incomefrom the Association's three journals Income from publication of our journals represents approximately 60% of our annual income, with income from JCPP being predominant. We continue to seek ways to diversify our sources of income to reduce reliance on income publications. This includes, but is not limited to, letting out office space within our building and ensuring conferences and training events are financially viable. Inobility to attrart sufficient paying delegates to the Association's conferences and training events We continue to find ways to maximise the impact of our events programme and, as part of our strategy to reduce reliance on our income from our journals. to maximise the income from those events. This includes ensuring that we create a wide-ranging programme of events, monitor feedback from delegates to ensure that our events meet their needs and the regular review of marketing strategies.
TRUSTEES REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Sudden loss of a key member of staff through resignation or long-tem? illne55 In common with many other organisations, the Association relies on a small team of staff to deliver the objectives of the Association, including a number of key personnel. The sudden loss of such a key member of staff could lead to a loss of organizational knowledge and a hiatus in the delivery of charitable objectives. Contracts include longer notice periods for strategically important posts to mitigate against this. Financial Review The Association is reporting a deficit for the year of £63,74712023: £896,701 surplus) with income from publications remaining the primary source of revenue. The freehold property owned by the A550ciation was redesignated from a tangible fixed asset to an investment property in 2023 and is included at £1,950,000 following a professional valuation. The Association has continued to Eenerate income through membership subscriptions, event and conference activities and the letting of office space. This self-sufficiency has enabled it to remain independent and free to apply income in the best possible way to achieve its objectives and optimise benefits to members and the wider child and adolescent mental health community. Reserves Policy The current economic climate, together with changes in the world of academic publishing, reinforces the importance of having a reserves policy in place and of retaining sufficient funds to manage the Association's activities through less stable periods. The Trustees, policy is to have reserves equal to no less than six months, operating costs to provide a hedge against uncertainties surrounding the core income and to even out any fluctuations in operating revenues. The Trustees are satisfied that the required level of reserves, currently identified as £734,000, is adequately covered by the year-end unrestricted funds. The 'free reserves, of the Association at December 31. 2024 were £3,703,65212023: £3,649,939). These reserves are defined as the resources the charity can make available to spend on charitable purposes once it has met its existing commitments and covered its other planned expenditure. The Trustees recognise that the current level of free reserves is more than the stated policy. The Trustees continue to be mindful of this, and will continue to explore new initiatives that will maximise impact and delivery of charitable objectives. Funds Held at the end of the Year At the end of the year, the Association had unrestricted funds totaling £3,711.36012023: £3,775,107). Unrestrirted funds include an investment property valued at £1,950.000. The trustees designated a fixed asset reserve of £7,70812023: £6,413) being the net book value fixed assets to reflect the fact that this amount could only be realised by disposing of the assets held by charity in use and did not therefore form a part of the free reserves. Restricted funds of £21,035 are held in respect of the activities of the Child and Adolescent Intellectual Disability Psychiatrist Network (CAIDPN).
TRUSTEES REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Responsibility Statement The Trustees 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the 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. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware: there is no relevant audit information of which the charitable company's auditor is unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. This report has been prepared in accordance with the Statement of Recommended Practice.. 'Accounting and Reporting by Charities, ISORP 20151 and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to smaller entities. By Order of the Board: Dr Gordana Milavic Chair 30 September 2025
TRUSTEES REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Opinion We have audited the financial statements of The Association for Child and Adolescent Mental Health {the 'charitable company,) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of 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 compan¢s affairs as at 31 December 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) IISAS {UKII 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 charitable company in accordance with the ethical requirements that are relevant to our audit of the f inancial statements in the UK, including the FRC'S Ethical Standard, and we have f ulfilled 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 charitable company'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 trustees, annual report, other than the financial statements and our auditorfs 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
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH FOR THE YEAR ENDED 31 DECEMBER 2022 other information and, except to the extent otherwise explicitly stated in our report, 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. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report, which includes the directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements: and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us: or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees {who are also the di rectors of the charitable company for the purposes of company law) are responsible for the preparation of the f inancial 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 charitable company's ability to continue as a Eoing 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
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH FOR THE YEAR ENDED 31 DECEMBER 2022 or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members 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 charitable company and the charitable company's members as a body. for our audit work, for this report, or for the opinions we have formed. John Howard {Senior Statutory Auditor) For and on behalf of Azets Audit Services Limited Chartered Accountants and Statutory Auditor Regis House, 45 King William Street London, EC4R 9AN Date: 30 September 2025
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted 2024 Restricted 2024 Total 2024 Total 2023 Note INCOME Donations and legacies 2.426 2.426 7,592 Charitable activities.. Membership services Conferences & training Publications 134.181 212,215 746 425 1,092,821 134,181 212,215 746,425 1,092,821 147,749 234,562 752,254 1, 134,565 Olher trading activwties: property income 95.172 95,172 55,958 Investments 42,548 42,548 32,068 TOTAL INCOME 1,232,967 1.232,967 1,230,183 EXPENDITURE Charitable activities.. Membership services Conferences & training Resources & Education Publications 42,267 235,009 514,379 523.272 42,267 235,009 514,379 523,272 44,557 240,296 433, 703 580,401 TOTAL EXPENDITURE 1,314,927 1.314,927 1,298,957 Net (expenditure)l income before gains on investments (81.960) (81,960) (68, 774) Gainsl(losses) on investments 18.213 18.213 965,475 NET INCOMEI(EXPENDITURE) & NET MOVEMENT IN FUNDS (63,747) (63,747) 896. 701 TOTAL FUNDS BROUGHT FORWARD 3,775.107 21.035 3.796,142 2,899,441 TOTAL FUNDS CARRIED FORWARD 3,711,360 21,035 3,732,395 3. 796, 142 All of the above results are derived from continuing activities. The notes on the following pages fomi part of these financial statements 13
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note FIXED ASSETS Tangible fixed assets Intangible fixed assets Investments Investment Property 7,708 16,624 771,059 1,950,000 2,745,391 6,413 31,907 146,427 1, 950, 000 2,134,747 CURRENT ASSETS Debtors Shorl term deposits Cash al bank and in hand 10 347,964 803,992 71,528 1.223,484 365,465 1,305,530 297,657 1,968, 652 Creditors: amounts falling due within one year (236,480) (307,257) NET CURRENT ASSETS 987,004 1,661,395 NET ASSETS 3,732,395 3, 796, 142 FUNDS Restricted funds Unrestricted funds Designated funds General fund 12 21,035 21,035 12 7,708 3.703,652 125,168 3, 649, 939 12 3,711,360 3, 775,107 3,732,395 3, 796, 142 Approved by the trustees on 30 September 2025 and signed on their behalf by.. _ Dr Gordana Milavic Chair The notes on the following pages fomi part of these financial statements 14
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH CASHFLOW STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Net cash {used in)1 provided by operating activities Net movement in funds Add back depreciationlamortisation charge Losses on investments Less interest income (Increase) in debtors Increase in creditors Net cash {used in)1 provided by operating activities (63,747) 18,739 {43,755) (42,548) 17,501 (70,777) 896, 701 22, 753 279 (32, 068) (50,472) 151,956 {184,587) 989, 149 Net cash {used in) investing activities Interest income Revaluation of investments properties Purchase of investments Proceeds from sale of investments Purchase of tangible fixed assets Purchase of intangible fixed assets 42,548 32,068 (960,356) (21,082) 13,884 (4, 550) (19,095) (616,892) 36.015 (4,751) Net cash {used in) investing activities (543.080) (959, 131) Increase in cash and cash equivalents in the year (727,667) 30,018 Cash and cash equivalents at the beginning of the year 1,603.187 1,573, 169 Total cash and cash equivalents at the end of the year 875,520 1,603, 187 Analysis of cash and cash equivalents Cash al bank and in hand Shorl term deposits 71,528 803,992 875,520 297,657 1,305, 530 7,603,187
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151 (Charities SORP FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. b) Public benefit entity The charitable company meets the definition of a public benefit entity under FRS 102. Going concern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. d) Estimation uncertainty The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilitie5 Wlthin the next reporting period. Income Income is recognised when the charity has entitlement to the funds. any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Subscription income is recogni5ed in the year in which it relates. income relating to the following year is deferred. Publication income is accounted for in the year in which it relates. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Fund accounting Restricted funds these are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. Designated funds these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects. Unrestrirted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure and irrecoverable VAT Expenditure is recogni5ed once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliablv. Expenditure is classified under the following activity headings- Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it. as well as the cost of any activities with a fundraising purpose Expenditure on charitable activitie5 includes the costs of the provision of training events and other educational activities undertaken to further the purposes of the charity and their associated support costs Other expenditure represents those items not falling into any other heading Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Allocatlon of support costs Expenditure is allocated to the particular activity where the cost relates directly to that activity. Support, overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis of the staff costs directly attributed to each activity. Operating leases Rental charges are charged on a straight-line basis over the term of the lease. k) Tangible fixed assets Items of equipment are capitalised where the purchase price exceeds £500. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: Freehold premises Office fixtures Office equipment Computer equipment Website Plant & machinery 50 years 10 years 4 years 3 years 3 years 10 years Listed investments Investments are a form of basic firTrancial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities. The charity does not acquire put options. derivatives or other complex financial instruments. Investment properties Investment properties are included in the balance sheet at fair value and are not depreciated. Any change in fair value is recognised in the statement of financial activities. In 2023, there has been a change in the use of property. and so the tangible fixed asset property has been re-classified as investment property and revalued. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a Short maturity of three months or less f rom the date of acquisition or opening of the deposit or similar account.
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 p) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Pension costs The Association contributes a fixed percentage of employee's salaries to members own pension schemes. The cost of the contributions is charged to the Statement of Financial Activities as and when these are paid. Legal Status This charitable company is incorporated in England & Wales, its registered office is St Saviour's House, 3941 Union Street, London SEI ISD. Please see the reference and administrative details section on page I for more details. 2. BOARD OF MANAGEMENT AND STAFF At present, no remuneration is payable to members of the Board in their capacities as honorary officers. Board members who, in their professional capacities as experts in their subject area, are invited to present at one of the Association's conferences. may receive a small honorarium payment is made in line with all speakers, in appreciation of their contribution. Total expenses of £nil were paid during 2024 in respect of Board members. attendance at meetings {2023.. £nill. These were incurred by £nil12023.' £nill of the board members.
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 3. EXPENDITURE Direct Staff Other Direct costs costs Support costs Total 2024 Total 2023 Charitable activities Membership services Resources & Education National conferences & training Publications 15,960 104,230 5.535 274,491 20,772 135,658 42,267 514,379 44,557 433, 703 63,600 152,771 88.632 171,664 82,777 198,837 235,009 523,272 240,296 580,401 336,561 540.322 438,044 1,314,927 1,298,957 Support costs are detailed in Note 5 and are allocated on the basis of direct staff costs. 4. NET MOVEMENT IN FUNDS This is stated after charging= 2024 2023 Auditors, remuneration for audit (excluding VAT) Depreciation & Amortisation 10,350 18,739 9, 775 22, 753 5. SUPPORT COSTS 2024 2023 Governance Staff costs Legal and professional Office Establishment 12,800 120,596 67,495 156,098 81,055 10,216 153,842 64,610 113,950 94,589 438,044 437,207
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 6. STAFF COSTS AND KEY MANAGEMENT PERSONNEL 2024 2023 Gross salaries Social security Pensions 386,765 38,094 32,298 416,776 40, 889 31,929 457,157 489, 594 The average number of employees (head count based on number of staff employed) in the year was 812023.. 9). The number of employees who eamed £60,000 per annum or more (including taxable benefits but excluding employer pension contributions) during the year was as follows: 2024 2023 £60,000- £69,999 £70.000 - £79.999 £80,000 - £89.999 £90.000- £99,999 The key management personnel of the Charity comprise the trustees. the Chief Executive and the senior management team. The totsl employee benefrts of the key management personnel of the Charity were £391.964 (2023.. £293.184). The Trustees did not receive any remuneration during the year {2023: £nil). Expenses totalling £4,440 {2023: £1,943 reimbursed to 2 Trustees) were reimbursed to 5 Trustees in the year.
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 7. INTANGIBLE FIXED ASSETS Website Total Cost At 1 January 2024 Additions in the year Disposals in the year At 31 December 2024 155,469 155,469 155,469 155.469 Amortisation At 1 January 2024 Charge for the year Disposals in the year At 31 December 2024 123,562 15,283 123,562 15.283 138,845 138.845 Net book value At 31 December 2024 At 31 December 2023 16.624 31,907 16.624 31,907 8. TANGIBLE FIXED ASSETS Freehold Fixtures and Computer Premises equipment equipment Total Cost At 1 January 2024 Additions in the year Disposals in the year Transfer to Investment Property At 31 December 2024 42,318 1.620 35,281 3.131 77,599 4.751 43,938 38,412 82,350 Depreciation At 1 January 2024 Charge for the year Transfer to Investment Property Disposals in the year At 31 December 2024 40,106 650 31,080 2,806 71,186 3,456 40,756 33,886 74,642 Net book value At 31 December 2024 At 31 December 2023 3.182 2.272 4.526 4.201 7.708 6,413 All of the above assets are used for charitable purposes.
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 9. FIXED ASSET INVESTMENTS 2024 2023 Investments At market value.. At 1 January 2024 Purchases at cost Disposal proceeds Increase (decrease) increase in market value Market value at 31 December 2024 140,621 616,892 (36,0151 18,213 739,711 128,313 21,082 (13,884) 5,110 140,621 Cash on deposit and dealing account At 31 December 2024 31,348 771,059 5,806 146,427 Historical cost of managed portfolio 746,207 740,449 Investment Property Fair value at the start of the year Transfer from tangible assets Revaluation during the year 1,950,000 1,000,000 950,000 Fair value at the end of the year 1,950,000 1,950,000 The propety was revalued by Price Taor LLP, Chartered Surveyors, on 22 April 2024.
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 10. DEBTORS Due within one year 2,024 2023 Trade debtors Prepayments Sundry debtors and accrued income VAT 27,450 16,952 303,562 57,789 28, 109 269,523 10,044 365,465 347,964 11. CREDITORS Due within one year 2,024 2023 Trade creditors Accruals Deferred income Taxation and social security Pensions Other creditors VAT 81,473 55,852 56,677 18,438 3,424 20,556 60 75,222 112,950 89,062 11,803 88 18,132 236,480 307,257 Deferred income At 1 January Released in the year Incoming resources deferred in the current year At 31 December 89,062 (89,062) 56,677 56,677 39,031 (39,037) 89,062 89,062
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 12. STATEMENT OF FUNDS Brought forward Transfers and gains Carried forward Income Expenditure Restricted funds CAIDPN Total restricted funds 21,035 21,035 21,035 21,035 Designated funds Fixed asset reserve Building maintenance Video portal Total designated funds 6,413 38,438 80,317 (3,456) {38.438) 80,317 4,751 7,708 125,168 {122.211) 4,751 7,708 General fund 3.649,939 1,232,967 (1,192.716) 13,462 3,703,652 TOTAL FUNDS 3,796,142 1,232,967 (1,314,927) 18,213 3,732,395 Designated funds Fixed asset reSee The fixed asset reserve is equal to the net book value of the Association's fixed assets. Building maintenance For major Maintenan programmes which include installing new alami systems and mechanical ventilation. Video portal Funding to build a video resource in child and adolescent mental health to support members worfdwide and further improve its outreach.
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 12. STATEMENT OF FUNDS - 2023 (Comparative) Brought fOard Transfers and gains Carried forward Income Expenditure Restricted funds CAIDPN Total restricted funds 21,035 21,035 21,035 21,035 Designated funds Fixed asset reserve Building maintenan Video portal Total designated funds 995,064 71.990 163,694 1,230,748 (3,562) (33,552) 83,377 (120.491) (985,089) 6,413 38,438 80,317 125,168 (985,089) General fund 1,647,658 1,230,183 (1,178,466) 1,950,564 3,649,939 TOTAL FUNDS 2.899.441 1.230.183 1.298,957 965,475 3,796.142 13. RELATED PARTIES There are no relaled party transactions in the year (2023: none).
THE ASSOCIATION FOR CHILD AND ADOLESCENT MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 14. COMPARATIVE SOFA Unrestricted 2023 Restricted 2023 Total 2023 Note INCOME Donations and legacies 7.592 7,592 Charitable activities= Membership services Conferences & training Publications 147.749 234,562 147,749 234,562 752,254 1,134,565 1,134,565 Other trading activities: propety income 55.958 55,958 Investments 32,068 32,068 TOTAL INCOME 1,230,183 1230 183 EXPENDITURE Charitable activities- Membership services Conferences & training Resources & Education Publications 44,557 240,296 433,703 580,401 44,557 240,296 433,703 580,401 TOTAL EXPENDITURE 1,298,957 1.298,957 Net (expenditure)I income before gains on investments (68,774) {68.774) Gainsl{losses} on investments 965.475 965,475 NET (EXPENDITURE}I INCOME 896,701 896,701 TOTAL FUNDS BROUGHT FORWARD 2,878.406 21.035 2,899,441 TOTAL FUNDS CARRIED FORWARD 3 775 107 3 796 142