SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and not having a Share Capital) ANNUAL REPORT AND ACCOUNTS FOR THE 12 MONTHS FROM 30 MARCH 2023 TO 29 MARCH 2024 SUTTON MENTAL HEALTH FOUNDATION nnel'i . llpurii .%iippurt Sutton Mental Health Foundation 63 Downs Road Belmont Surrey SM2 5NR Telephone: 020 8770 0172 E-mail admin@smhf.org.uk Company Number: 03549053 Registered Charity Number: 1069945
CONTENTS Page Report of the Trustees Independent Auditor's Report 17-19 statement of Financial Activities 20-21 Balance Sheet 22 Cash Flow Statement 23 Notes to the Financial Statements 24-32
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capital) Charity Name: Sutton Mental Health Foundation Charity Company Company Registration Number: 03549053 Charity Reglstration Number: 1069945 Registered Office: 63 Downs Road Belmont, Surrey SM2 5NR Chair: Peter Thomas Treasurer: Stephen Ofori Trustees: Naomi Kenny Heather Vemon Isobel Hayes (resigned 5 April 2024) Dominika Skwarek Chief Executive Officer (CEO) Lisa Lancefield Operational Services Manager: Ovie Oboh Peer Support Cowordinator and Community Liaison Lead: Carol Jacques Bankers: Lloyds TSB Bank 49 High Street Sutton. Surrey The Co-operative Bank p.l.c. 1 Balloon Street Manchester M4 4BE The Charity Bank 182 High Street Tonbridge TN9 1 BE Hampshire Trust Bank 55 Bishopsgate London EC2N 3AS Monmouthshire Building Society John Frost Square Newport NP20 1PX
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Llmlted by Guarantee and Not Having a Share Capital) Redwood Bank Limited The Nexus Building Broadway Letchworth Garden City SG6 3TA United Trust Bank 1 Ropemaker St London EC2Y 9AW Independent auditors: Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey, KT6 7AL
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Llmlted by Guarantee and Not Having a Share Capital) Our Aims and objectives Our Charity's purpose. as set out in the objects contained in the company's revised articles of association is to: promote any charitable purposes for the benefrt of people with mental health problems resident in the London Borough of Sutton and other areas of the UK at the trustees, discTetion. Within these Objects, we aim to provide high quality support to residents of the London Borough Sutton who have experienced mental distress or who are at risk of doing so. Most services are provided free of charge to users. subject to capacity, although a charge may be made for services which provide direct benefit to individuals or small groups. Ensuring our work deliv8rs our aims The Trustees seek continually to review the services provided and to adapt them to changing needs. In particular. the Trustees seek to involve the people who use the Foundation'5 services in developing, delivering and evaluating these services to ensure that they meet the relevant needs as fully as possible. We do this through regular feedback and evaluation of services. and through holding monthly community meetings. where members and users of our services can raise questions and issues with staff. Accordingly, the Board of Trustees has complied with the duty in Section 17, Charities Act 2011, to have regard to the Public Benefit guidance published by the Charity Commission. The focus of our work Our main objectives for the year continued to be providing a wide range of high-quality support and wellbeing activities to people experiencing mental ill health, and developing these services to meet the unprecedented increase in demand across all areas of our work. in line with local and national trends, To this end we have provided: Drop-in services, support and wellbeing activities through our day service, Belmont Connect. and our seasonal Sunday Dropin A non-clinical alternative to A&E for those seeking support in a mild to moderate mental health crisis through our Crisis Café service Intentional Peer Support for those needing more focused nonclinical support over a longer period Free psychodynamic counselling to individuals in need through our pilot counselling service
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capital) Outreach to local communities facing the highest levels of health inequalities, to understand their mental health needs and work with them on meeting those needs, Support to those using mental health services to have a say in the development of local mental health servIs, through Sutton 1 in 4 and Sutton Commissioning Advisory Group We have also: Worked to tackle the stigma which affects those with Mental Health issues. Updated our strategic plan following our staff awayday (also attended by volunteers. service users and members of the Board) Continued to develop partnerships locally and across South West London to ensure that the needs and challenges faced by our service users are understood and their voices are heard in the work to tackle the fundamental problems affecting mental health, such as housing and the cost-of-living crisis. Continued to update our governance and intemal procedures. Report of the year This has been a period of unprecedented demand in all areas of our work, in line with local and national trends. Demand for mental health support has continued to rise, with a 37.50/0 increase of people supported across all SMHF services in the 12 months to end March 2024. Belmont Connect The Belmont Connect day service is funded by the London Borough of Sutton. with additional activities and services paid for by public donation. The drop-in service opens 3 days per week, serving affordable food - a light lunch and snacks on 2 days and a full cooked lunch on Fridays. Support workers are available to speak to people in need and assist with applications for PIP, blue badges etc. We also have weekly bookable advice sessions run by Sutton Citizen's Advice Bureau, along with pop-up clinics on returning to work, drug and alcohol support. We also have a housing support worker to support anyone with housing issues. Free wellbeing activities run 4 days per week. including Yoga, Line dancing and Therapeutic Art along with periodic Signpost Sutton Talks and free courses. Our IT hub offers free computer access. This year we have extended our free activities with Retro Gaming, Indoor Tennis (run in partnership with Sutton Tennis & Squash club) a book club (hosted by Wallington Library), and Ladies, Yoga which is part of our mental health outreach activities with the Ahmadiyya Muslim Women's Association. Monthly Community Meetings offer a forum for people using the service to give feedback and offer suggestions for how the service can be developed. Members are encouraged to organise their own independent programme activities to promote their wellbeing, known as Activ8. These include a dining club and outings to places of interest. The Foundation is often able to arrange discounted or free tickets to these events.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY IA Company Limited by Guarantee and Not Having a Share Capital) Our Signpost Sutton Talks run throughout the year and provide infomiation on issues affecting those with mental health. During the year talks covered: ADHD In Adults, the Bags Of Taste scheme. Coping at Christmas, Counselling, Hate Crime, Menopause and Oral Health This year the Belmont Connect became a Be Well Hub, part of a network of spaces and groups across South West London offering mental health support. This initiative is supported by Citizens UK as part of South London Listens. Seasonal Sunday Drop In: In your Corner We secured continuation funding from NHSE Health and Inequalities Programme to run our seasonal "In Your Cornerf a Sunday support service. Following the success of our initial project, we secured further funding to run the service January - April 24 and again from October 24 to end March 25. The service offers a safe. warm space and a hot meal at a subsidised rate. Supporl workers were on hand to talk if needed. Throughout the year and outreach worker will be targeting some of the most deprived areas of the borough. Shanklin Village, St Heller, Roundshaw and Benhill Estates. Promoting Mental wellbeing and access to SMHF support services. SMHF Counselling We have continued lo pilot a psychodynamic counselling service, funded through general reserves. We now have 4 student counsellors working on Mondays and Tuesdays from Belmont Connect and seeing up to 4 people each, supervised by an experienced clinical supervisor. Counselling is currently free, and lasts generally up to 12 weeks, depending on need. Sutton Crisis Café This seNice was set up in partnership with South West London Integrated Care Board (ICB) and funded by NHS England. It offers nonclinical, non-judgemental support to aduhs in the London Borough of Sutton who are experiencing. or feel they are at risk of, a mild to moderate mental health crisis. as an alternative to A&E. It is open from 6.30pm to 11 pm every evening, 365 days of the year. Staff are trained in Intentional Peer Support, and many have their own lived experience. We also have staff experienced in eating disorders, drug and alcohol use, and a range of other conditions. This year we appointed an outreach crisis support worker to work with communities in Sutton at greatest risk of health inequalities. including minority ethnic groups, refugee and migrant communities and LGBTQ+ groups. During the year the service has seen a 160/0 increase in users and an 18 % increase in crisis support appointments. Intentional Peer Support Service (IPS) The Foundation offers Peer Support, funded by South West London ICB. We manage a team of IPS workers who provide peer support in a number of different contexts, including the acute psychiatric ward at Springfield Hospital and the Accident and Emergency Department at St Heller Hospital. Individual appointments for peer support are arranged at various locations in the local community and for particular client groups. IPS workers also run the Sutton Hearing Voices Group which supports people who experience intrusive voices and thoughts and is part of the National Hearing Voices Network.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capital) In addition, we offer accredited Iraining in Intentional Peer Support (IPS) iwice a year. The training and IPS work offers a route back into work for a number of people with lived experience, as well as helping others rebuild their confidence and make progress in their recoveryjourney. During the year the number of people we have worked with through the IPS Service has doubled. Hlgh Intenslty Users During this year we completed work to pilot peer support interventions with high intensity users of Emergency Department services at st Heller Hospital. This work showed the benefits of using Peer support workers to support people with six of more visits to the Emergency Department in 6 months to help them access more suitable alternative support. However. this needs to be done in conjunction with other services for it to be really effective. The report of the project was shared with SW London ICB. Physical Health Checks for those with Serious Mental Illness (SMI) During this year we completed work with all GP practices in the Borough to engage with people on the Serious Mental Illness Register and supportthem to access their annual physical health check. This work, in partnership with the local GPS and Primary Care Networks, has resulted in a significant increase locally in the upiake of Physical Health Checks among this target group. Perinatal Peer Support Our IPS workers continue to offer one to one support to women during pregnancy and after giving birth, as part of our peer support project. The Foundation continues to work in partnership with Homestart Sutton to offer a perinatal supporE group to pregnant women and new mums struggling with their mental health and isolation. Outreach Our IPS workers have embraced the Be Well Iniiiative, and several have completed the training and represented SMHF, Sutton and people wtth lived experience at events across London. We are also now involved with the Be Well Hubs in Sutton's libraries attending Parents and Carers Mental Wellbeing and Advice Sessions, once a month. Transfomiation Peer Support The Foundation continues to work with South West London St George's Mental Health Trust to support people engaging with secondary services and the recovery and support teams. We continue to support people alongside clinical services and offer very vital assistance at what is a very difficult time in their mental health journey. We work alongside other VCSE (Voluntary, Community, and Social Enterprise) partners in Sutton and across the ICB area, and our IPS workers are helping to change the perception of mental illness and the understanding of clinicians working in Sutton, through their expertise as people with lived experience and their person-centred approach to care. During the year the service has seen a 470/0 increase in referrals. User Engagement and Co-production The Foundation continues to support and facilitate the Sutton 1in4 Network. a community organisation for people in Sutton who have experience of mentsl distress, with the intention of improving local mentsl health services and providing mutual support.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Havlng a Share Capital) We also support the Sutton Mental Health (Service User) Commissioning Advisory Group, or CAG, which brings together local service users and cornmissioners to discuss and shape mental health commissioning in the borough. During this year these groups have been engaged in conversations with service users around Priorities for Sutton Adult Mental Health Partnership Board, and gathering views from users of Sutton Home Treatment Team, Sutton Crisis Café and SMHF'S Intentional Peer Support SeNice. The Foundation also supports people with experience of using mental health services to represent Sutton Service Users on the various Service User panels and commTttees of the London Borough of Sutton and the NHS Sutton Clinical Commissioning Group, South West London St George's Mental Health Trust and the Sutton Primary Care Networks. We also support them to respond to consultations by service commissioners, and to comment on the design. cornmissioning, performance and reviewof mental health services in the borough. The Voyager Our in-house magazine, The Voyager, is written, compiled. and edited by our service users. It provides a comprehensive and regularly updated directory of local mental health services as well as entertaining articles, opinion pieces, art and poetry. SMHF Awayday I n June of 2023 we held an Awayday to bring together staff, volunteers, service user representatives and members of the Board to think strategically about current and future challenges and opportunities for the Foundation. Over the course of the day we considered the Foundation's Unique Selling Points, priorities from now to 2028 and talked about project plans lo take some of this work forward. We rounded the day off with some Crazy Golf. Outcomes from the day have been incorporated into our revised Strategic Plan and have informed actions and new project developments. Garden and Building Upgrade This year we used the money kindly donated to us by Barratts and other donors to improve our outdoor space to create a welcoming and relaxing outdoor srea. We also improved our interview room and increased energy efficiency by removing unused doors.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capital) Reducing Stigma Around Mental Health The Lucky Ones Exhibition at Whitehall in Cheam was co curated by Members of the Belmont Connect Day Service with LB Sutton Heritage Department. Our aim was to present people's personal experience of Mental Illness and Mental Health services, alongside a history of Mental Health Services in the Borough. By adding a powerful personal dimension to the history we hoped to use these personal stories to educate people about the continuing realities of mental health treatment. and challenge people's perceptions of what it is to be mentally ill. RESTcthr, SUIT( MEIIIAL HUIIH FQIPMIIII tLllL Sr 27U- 0123 FLMPJES The exhibition opened in January 2023, and by the time of closing, in July 2023, had been visited by over 8,000 people. SMHF also took part in LB Sutton's Sutton Steams Ahead Festival, promoting conversations around mental health through drawing, and an exhibition and dramatic performance promoting awareness of Seasonal Affective Disorder (SAD). Governance and Internal Procedures During this year. the Foundation has finalised our work on governance and internal procedures. We have completed the updating of IT in the organisation with the support of local not for profit IT company. Cygnet. We have employed a bookkeeper and updated our accounting systems, moving fully to an online version of SAGE. We have implemented the Mental Health Services Data Set collection, in line with statutory requirements. We have undertaken negotiations around the re-procurement of the Crisis Café, Peer Support and Belmont Connect serViS.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Havlng a Share Capital) Achievements and performance Providing support. The Foundation provided direct support to over 1,100 people in this period. We worked with: 315 people through the BeSmont Connect service 354 people (234 new) through Sutton Crisis Café 120 people (82 new) through Intentional Peer Support 177 people (113 new) through Transformation 63 people (37 new) through In Your Corner (Sunday) service 20 (15 new) received counselling Provided: 1,280 hours of one-to-one peer support (IPS) and 1.452 of Transfonnation 1.227 crisis support appointments 214 counselling sessions 200 housing and general support appointments 75 peer support sessions in St Heller ED 35 peer support sessions on Ward 3 at Springfield 130 Citizen's Advice appointments Ran: 488 Activity sessions 8 Signpost Sutton talks 3 Courses (on Diabetes, Pain Management and IBS) 2 Intentional Peer Support Training Courses 28 In Your Comer (Sunday) sessions Held.. 366 crisis support groups 9 OCD support group meelings 10 Community meetings 12 New members mornings 48 Hearing Voices group meetings 36 EUPD support group meetings 10 Sutton 1 in 4 meetings 10 Commissioning Advisory Group meetings
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Llmlted by Guarantee and Nol Having a Share Capital) April 2023 - March 2024 354 524 People used Sutton Crisis Cafe new people used our services 1100 People Supported 23 130 Intentional Peer Support Workers Trained CAB appointments 2324 Peer Support sessions 214 SUTTON Counselling Sessions MENTAL HEALTH FOUNDATION 75 Peer support sessions in St Heller ED Signpost Sutton Talks 488 ree activity sessions at Belmont 200 1227 housing & support appointments Crisis support appointments 10
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY IA Company Llmited by Guarantee and Not Having a Share Capital) Building relationships and resilience. SMHF staff worked dosely with Servi users, NHS and voluntary sector colleagues and the London Borough of Sutton throughout this period. We continued to work with a wide range of local community and voluntary organisations including Community Action Sutton, Homestart Sutton, Inspire, Sutton Women's Centre, Sutton Healthwatch, St Mungo's, Sutton Housing Partnership. Spire, Sutton Night Watch, and Citizens, Advice Sutton. We attended a range of local meetings and fora including Sutton Together. the Anti- Poverty Forum, Sutton Safeguarding Adults Board (SSAB), Community Engagement sub-group (SSAB); Learning & Development sub-group (SSAB). The Hoarding Panel; St. Heller Mental Health Partnership Group. Sutton Suicide Prevention Partnership Group,. South West London St Georges, Mental health Trust's DIAM meeting, Sutton Adult Community Mental Health Transformation Partnership. High Intensity Users Group,. SutÉon Primary Care Networks; and Sutton Adult Mental Health Partnership Board. We also attended numerous fairs and gave presentations to various local groups and NHS teams throughout this period. In addition, we have developed our links across the South West London ICB area, taking an active role in the Be Well Initiative and other events with South London Listens and South West London St George's. Funding Our main funders in the 2023-24 period were: London Borough of Sutton to maintain our Belmont Connect service. South West London ICB to fund our Peer Support services & CAG support. and continued funding NHS England funding to run a Crisis Café in Sutton. South West London St George's Mental Health Tnjst to provide Peer Support to their Transformation Project. In addition, we received grants from: LB Sutton - Sutton Steams Ahead Project SW London ICB Health & Inequalities Fund We have also reiVed a number of personal, charitable and corporate donations which give us a degree of freedom to supplement the services which we are contracted to provide and to explore new possibilities. We are very grateful to have been chosen as the joint Chair's Charity for Cheam and Sutton Rotary. We are grateful to several generous donors who supported our work, including John Lewis, Cheam and Sutton Rotary, Waitrose, Trinity Church Sutton, The Ahmadiyya Muslim Women's Association (Cheam and Sutton Branches) and Holy Cross School. We are also grateful to the many individuals who have chosen to support our work during this period by their generous personal donations.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Nol Having a Share Capital) Plans for 2024-25 Complete commissioning to secure future of Sutton crisis café and our peer support and day services. Focus on diversifying funding, seeking new opportunities and secure continued funding for the housing and support worker post. Expand the counselling seNice and seek funding. Structure, Governance and Management Governing Document The Company is a charitsble company limited by guarantee. Its governing documents are its Memorandum and Articles of Association. Trustees The directors of the Company are also charity trustees for the purpose of charity law. They are elected at the Annual General Meeting of the company and one third of them retire in rotation each year. The Board seeks members who understand the needs of people who use mental health services. who reflect the diversity of the community and who can contribute to the business needs of the Company. People with direct experience of mental distress are actively welcomed to serve on the Board. During this period, the Board had a broad mix of skills drawn from Psychotherapy & Counselling, the NHS, Social Services, Commercial Finance, the Charitable sector and Teaching. All made contributions to the work of the company by sharing their expertise with staff and in other ways. In the event of the Company being wound up Trustees are required to contribute an amount not exceeding £1. Organisational Structure The Board of Trustees meets approximately every 6 weeks face to face or online via MS Teams and is responsible for the strategic direction and policy of the Company. Day to day responsibility for the provision of the services rest with the Chief Executive along with the Service Managers. The Chief Executive is responsible for ensuring that the charity dolivers the services specified and that key performance indicators are met. The Service Managers have responsibility for the day to day operational management of the Centre, individual supervision of the staff team and also ensuring that the team continue to develop their skills and working practices in line with good practice. The remuneration of the charity's key management personnel is set by the Board of Trustees, taking into account the charity's financial position and the amount paid for comparable roles in comparable organisations. 12
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capltal) Risk Management The Board of Trustees is responsible for the management of the risks faced by the Company. Risks are identified, assessed and reviewed throughout the year. The Company's risk management processes are reviewed every year and the Risk Register every six months. The key controls used by the Company include: Risk Register Formal Board agendas. minutes and action logs Strategic planning, budgeting and management accounting Established organisational structure and lines of reporting Formal written policies and procedures Clear authorisation and approval levels Vetting procedures as required by law for the protection of vulnerable adults The Board of Trustees is satisfied that the major risks identÉFied through the risk management processes established for the Company have been adequately Tnitigated where necessary. It is recognised that systems can only provide reasonable but no absolute assurance that major risks have been adequately managed. The Company recognises the importance of tts relationships with its main funders, the South West London Integrated Care Board (Sutton Place), South West London St George's Mental Health Trust and the London Borough of Sutton. It also seeks to work closely with statutory seNice providers, local VCSE partners and third sector funders and charitable trusts. Financial Review The results of the Company for the 12 months to 29 March 2024 are set out on pages 20 to 32. The gross income of the company for the period was £728,383, 11 % of income came from the London Borough of Sutton, 189/0 from South West London St George's Mental Health Trust and 55 1 from NHS Sutton. Gross expenditure amounted to £712,160, giving a net surplus of £16,223. Unrestricted funds: General fund.. Balance: £230,558 Held to meet costs which fall outside the scope of restricted or designated funding, including costs arising from new initiatives and in response to specific needs for which no funding has been received. Designated Funds: Business Continuity Fund: Balance: £50,000 This fund has been set up by the Board to be held in reserve in case of cessation of funding by either (or both) the Local Authority and Clinical Commissioning Group (NHS Sutton) to enable the organisation to maintain its activities for a limited period where appropriate whilst seeking to secure alternative funding. 13
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Llmlted by Guaran*¢e and Not Havlng a Share Capltal) Building Fund: Balance: £372.781 Represents the funds raised and used to purchase the premises and to refurbish them, less accrued depreciation. This fund represents the value of fixed assets and is not held in cash. Fund for Future Obligations- Balance: £50,000 Funds held in reserve to meet any adjustment costs resulting from future loss of funding, such as redundancy payments. Building Sinking Fund Funds Held in Reserve for future capital building expense. Balance: £10,000 IT Sinking Fund Funds Held in Reserve for future IT upgrade expense. Balance.. £10,000 Total Unrestricted and Designated Funds: Balance: £723,339 Restricted funds Belmont Connect Learn Support Balance: £1.156 Belmont Connect Centre was funded by a contract with the London Borough of Sutton. with activities and classes funded by donations from the public. Any deficit has been funded by the General Reserve. Crisis House Fund: (formerly Safe House Fund) Balance: £20.842 A fund derived mainly from funds raised by the Mayor's charity in 2012114 to support the development of crisis support servIs. Crisis Café Balance: This represents the balance of provision by NHS Sutton for Sutton Crisis Café. £61,017 Hearing volS. Balance: Fund to support the Sutton Hearing Voices Network and associated groups. £1,607 Transformation IPS Balance.. £25,746 This represents the balance of provision by SWLStG Mental Health Trust to establish a Peer Support Service as part of their Transformation Project. Peer Support and User Engagement Balance.. This represents the balance of provision by NHS Sutton for Peer Support and User Engagement. £9,469 Renovation.. Balance: £11,719 The residue of a fund set up to provide for the modernisation of the Foundation's premises in 2011. This fund is now being used for improvements and repairs to the building as and when they are required. Sunday Service Funds Held in Reserve for future Sunday sessions. Balance: £9.679 Total Restricted Funds: Balance: £141.235 14
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Nol Having a Share Capitsl) Investment Policy Apart from the Building Fund, which is represented by the depreciated value of the Freehold Property, its original improvements and the 2011 refurbishment, fund balances are held in bank current and deposit accounts or as cash and as such are immediately available. To increase returns on funds which are not expected to be spent in the short term, the decision has been taken to invest some of the funds in limited fixed tenn bonds and savings accounts. Reserves Pollcy The reserves policy calls for two months operating expenditure to be held as reserves in the general funds. The general funds balance during the fiscal period was typically belMeen £100,000 £160,000 which averages at two to three months cover based on average monthly operating expenditure of circa £50,000 per month. In addition to this there are future obligations and business continuity reserves of £100,000. The Trustees have continued to seek new opportunities for the Foundation, whilst seeking to manage costs. The current costs of most activities were fully met during the year. The Trustees continue to keep costs under regular review. These unrestricted reserves are held in readily realisable assets which the Trustees consider to be assets that are easily converted into cash. Serious Incidents There have been no Serious Incidents affecting the Charity in this period. Statement of Trustee Responsibilities The Trustees (who are also Directors of Sutton Mental Health Foundation for the purposes of Company Law} are responsible for producing the Trustees, Report and the Financial Statements in accordan with applicable law and United Kingdom accounting standards (United Kingdom General Accounting Standards) Company Law requires the Trustees to prepare Financial Statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 that period. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the Gharities SORP 2019 (FRS 102); 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. 15
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capital) The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any lime the financial position of the Charitable Company and to enable them to ensure that the Financial Statements comply with the Companies Act 2006. They are responsible for safeguarding the assets of the 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 Ihe Charitable Company's auditor is unaware., and The Trustees have taken a51 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. Auditors A resolution to re-appoint as Auditors Messrs. Myrus Smith, Chartered Accountants, Norman House, 8 Burnell Road, Sutton, Surrey SMI 4BWwas adopted at the Annual General Meeting on 18 January 2024. sin this resolution was taken. Myrus Smith has merged with Kingston Burrowes Audit Ltd, 308 Ewell Road, Surbiton, Surrey. KT6 7AL. Exemption Statement This Trustees, report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to Small Companies. Approved and signed on behalf of the Trustees Sutton Mental Health Foundation Charity Company 63 Downs Road Belmont Suryey SM2 5NR Chair Peter Thomas Treasurer stephen Ofori Date..
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Nol Having a Share Capital} Opinion We have audited the financial statements of Sutton Mental Health Foundation Charity Company for the twelve months ended 29 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. 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 company's affairs as at the twelve months ended 29 March 2024, and of its incoming resources and application of resources, including its income and expenditure, 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 Gonducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) 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 financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled 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 We have nothing to report in respect of the following matters in relation to which the ISAS {UK) require us to report to you where: the trustees, use of the going concem basis of accounting in the preparation of the financial statements is not appropriate; or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. other information The trustees are responsible for the other information. The other infomiation comprises the information included in the trustees annual report. other than the financial statements and our auditor's reportthereon. Our opinion on the financial statements does not cover the other infomiats'on and, expt to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 17
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY {A Company Llmlted by Guarantee and Not Havlng a Share Capital) In connection with our audit of the financial statements, 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 obtsined in the audit or otheNise appears to be materially misstated. If we identify such material inconsistencies or apparenl material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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 matters prescrib8d 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 (incorporating the directors. report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and the directors, report has been prepared in accordance with applicable legal requirements. Matters on wht¢h we are required to report by exception In the light of our 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. 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 record5 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 rtain disclosures of directors, 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 directors. 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 directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary lo 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 going 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 or to ase operations. or have no realistic alternative but to do so. 18
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUThON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capital Auditor's 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 (UK) 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: htt s:/lwww.frc.or .uklauditorsres onsibilities. This description fomis 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 pennitted 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. Kevin Fisher BA FCA CTA (Senior Statutory Auditor) For an on behalf of Kingston Burrowes Audit Ltd Statutory Auditors 308 Ewell Road Surbiton Surrey, KT6 7AL 12th December 2024 19
SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Llmlted by Guarantee and Not Having a Share Capital) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE TWELVE MONTHS ENDED 29 MARCH 2024 Total Total Unrestricted Restricted funds funds Total Funds 2024 Notes Income Donations and legacies Charitable activities Investments Other 5,941 6,054 10,651 4,166 5,941 707,625 10,651 4,166 701,571 Total 26,812 701,571 728,383 Expenditure Charitable activities (14,157) 726,317 712,160 Total (14,1571 726,317 712,160 Net incomel(expenditure) Transfers beeen funds 40,969 10,657 {24,746) (10,657) 16,223 14&15 Net movement in funds 51,626 {35,403} 16,223 Reconciliation of funds Fund balanS brought fomard 14&15 671,713 176,638 848,351 Fund balances carried forward 14 & 15 £723,339 £141,235 £864,574 All income and expenditure derive from continuing activities. The statement of financial activities includes all recognised gains and losses. The notes form part of these financial ststements 20
SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capital) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE TWELVE MONTHS ENDED 29 MARCH 2024 Total Totsl Unrestricted Restricled funds funds Total Funds 2023 Notes Income Donations and legacies Charitable activities Investments Other 19,451 1.943 1,693 8,941 10,000 625,640 29.451 627,583 1,693 8,941 Total 32,028 635,640 667.668 Expenditure Charitable activities 41,355 550.806 592,161 Total 41,355 550,806 592,161 Net incomel(expendlture) Transfers between funds {9,327) 10,500 84,834 (10,500) 75.507 14&15 1,173 74,334 75,507 Net movemenl in funds Reconciliation of funds Fund balances brought fotward 14&15 670,540 102,304 772,844 Fund balances carrled forward 14& 15 £671,713 £176,638 £848,351 All income and expenditure derive from continuing activities. The statement of financial activtties includes all recognised gains and losses. The notes form part of these financial statements. 21
SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Llmlted by Guarantee and Not Having a Share Capital) BALANCE SHEET AS AT 29 MARCH 2024 Notes 2024 2023 FIXED ASSETS Tangible assets 11 372.781 374,775 CURRENT ASSETS Debtors Cash at bank and in hand 12 52,521 488.213 30,000 572,094 540,734 602,094 CREDITORS.. Amounts falling due within one year 13 48.941 128.518 NEf CURRENT ASSETS 491,793 473,578 NET ASSETS 16 £864,574 £848.351 FUNDS Unrestricted funds Restricted funds 14 15 723.339 141.235 671.713 176,638 TOTAL FUNDS £864.574 £848,351 These financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. Approved by the Board of Trustees on and slgned on their behalf by 2024 Peter Thomas Chair stephen Ofori Treasurer The notes fonn part of these financial statements. 22
SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY IA Company Limited by Guarantee and Not Having a Share Capltall CASH FLOW STATEMENT (Incorporating Income and Expenditure account) FOR THE TWELVE MONTHS ENDED 29 MARCH 2024 2024 2023 Net cash (used in) I generated from operating activlties {see below) {94,532} 253.524 Cash flow from investing activities Interest received 10,651 1.693 (Decrease) l in¢rease In cash in the year 183,881) 255,217 Cash brought forward 572,094 316,877 Cash carried forward £488,213 £572.094 Analysls of cash Cash at bank £488.213 £572,094 2024 2023 Re¢onciliatlon of net income to net cash flow from operating activities Operating surplus on ordinary activities 16,223 75,507 Adjustments for non-cash items: Depreciation {Increase) I decrease in debtors {Decrease) J increase in Creditors 1,994 (22,521) {79,577) 1,994 60,959 116,757 {83,881) 255,217 Adjustment for investing activities Interest receivable {10,651) {1,693> Net cash (used In) I generated from op9rating activities £{94,532) £253,524 23
SUThON MENTAL HEALTH FOUNDATION CHARITY COMPANY IA Company Limtted by Guarantee and Not Having a Share Capital) NOTES TO THE FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 29 MARCH 2024 ,ACCOUNTING POLICIES a) Basls of Preparatlon The charity constitutes a public benéfit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concem basis under the historical cost convention. The financial statements are presented in steding which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out bg10w. These policies have been consistently applied to all years presented unless otherwise stated. b) Income Recognition Income is included in the Statement of Financial Activities when the charity is legally ènlit16d to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Grant income is recognised in accordance with agreed budgets and limeframes. Amounts received but which relate to future reporting periods are accounted for as defeed income. In the case of multi~year grants, the aggregate amount of future instalments not yet received and which are subject to satisfactory performance is disclosed as a contingent asset. c) Expenditure and Irrecoverable VAT Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that Ihe settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities comprises the costs of running the various activities and services for the charity's beneficiaries Expenditure includes those costs of a direct nalure which can be allocated to a specific activity. It also includes indirect costs, including govemance costs that do not relate lo a specific activity bul are necessary to support them. Irrecoverable VAT is charged as a cost against th@ associated expense heading. dl Fund Accountlng Unrestricted general funds are those funds which are fréely available for use in furtherance of the objects of the charity and which have not been designated for speGific purposes. Designated hjnds are unrestricted funds which have been sèt aside by tha trustees for specrfic purposes. Restricted funds are fLtnds which can only be used in accordance with specrfic restrictions imposad by the donor or which have been raised for a particular purpose. 24
SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Llmlted by Guarantee and Not Having a Share Capital> NOTES TO THE FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 29 MARCH 2024 e) Fixed Assets and Depreciation Depreciation is provided so as to write off the cost of each asset over its estimaled useful life at Ihe following annual rat8S'. Freehold Land Freehold Property improvements Office equipment and computers Furniture and fixtures 43 years straight line 3 years straight line 5 years straight line Debtors and creditors within one year Debtors and credilors with no stated interest rate and receivable or payable wilhin one year are recorded at transartion price. Any losses arising from impairment are recognised in expenditure. g) Pension ¢osts The charity operates a defined contribution scheme. Contributions payable to the charity's pension schema are charged to the Statement of Financial Activities in the period to which Ihey relate. DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Donation5 Donation in kind 5,941 5,941 18,951 10,500 £5,941 £Nil £5,941 £29,451 Of the £29,451 recaived in 2023, £19.451 related to unrestricted lunds and £10,000 related to rastricted funds. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Reslricted Funds Funds Totsl 2024 Total 2023 Grants and contracts £6,054 £701,571 £707,625 £627,583 Of the £627,583 received in 2023. £1,943 related to unrestricted funds and £625,640 related lo restriGted funds. 25
SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY IA Company Limited by Guarantse and Nol Having a Share Capital) NOTES TO THE FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 29 MARCH 2024 INVESTMENT INCOME Unrestricted Restricted Funds Funds Total 2024 Total 2023 Bank interest £10,651 £Nil £10,651 £1,693 All of the £1,693 received in 2023 related to unrestricted funds. OTHER INCOME Unrestricted Restricted Funds Funds Total 2024 Total 2023 Rental and other income £4,166 £Nil £4,166 £8,941 Of the £8,941 received in 2023, £8.941 related to unrestricted funds and £Nil reslricted funds. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Direct Costs Support Costs Total 2024 Total 2023 Salaries Staff and volunteer costs Travel outings Events and aclivities Premises General office Professional fees Governance (note 7) Depreciation 570.921 48,141 1,273 570,921 48.141 1.273 489,341 12.073 2,064 17,825 20,315 35,864 8,415 4,270 1,994 34,769 41,847 9,615 3,600 1,994 34,769 41,847 9,615 3,600 1,994 £620,335 £91,825 £712,160 £592,161 Of the £592,161 expenditure in 2023, £41,355 was charged lo unrèstricted funds and £550.806 was charged to restricted funds. 26
SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Havlng a Share Capitsl) NOTES TO THE FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 29 MARCH 2024 GOVERNANCE COSTS Total 2024 Total 2023 Wages and salaries Audit fees 910 3.360 3,600 £3,600 £4,270 INCOME Nel income for the year is stated after ¢harging: 2024 2023 Auditor's remuneration Depreciation £3,600 £1,994 £3,360 £1.994 TRUSTEES, REMUNERATION AND EXPENSES The trustees neither received nor waived any remuneration during the year (2023: £Nil) nor were they reimbursed any expenses. 10. STAFF COSTS Total 2024 Tolal 2023 Wages and salaries Social security costs Pension costs 531,928 28,925 10068 451,147 31.867 7,237 £568,938 £490,251 There was no employee who received total employee benefits (excluding employer pension oosts) in excess of £60.000 in either year. Total employee benefits ceiVed by key management amounted to £166,436. (2023.. £45,503> Under FRS102 employee benefits include gross salary, benefits in kind. employer's national insurance and employer's pension contributions. The average number of employees, calculated on a full-time equivalent basis, analysed by function was- 2024 2023 Number Number Direct charitable aGtivities Management and support 15 15 22 20 27
surroN MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capital) NOTES TO THE FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 29 MARCH 2024 11. TANGIBLE FIXED ASSETS Freehold Land Freehold Property Fixtures and Fittings Oflice and Computer equipment Total Cost At 30 March 2023 Additions 300,000 85,746 23,249 28,108 437,103 At 29 March 2024 300.000 85,746 23,249 28,108 437,103 Depreciation At 30 March 2023 Charge in year 10,971 1,994 23,249 28.108 62,328 1,994 At 29 March 2024 12965 23,249 28.108 64,322 Net book value At 29 March 2024 £300,000 £72,781 £Nil £Nil £372,781 At 29 March 2023 £300.000 £74.775 £Nil £Nil £374,775 12. DEBTORS 2024 2023 other debtors Prepayments 52,231 290 30,000 £52,521 £30,000 13. CREDITORS- amounts falllng due wlthin one year 2024 2023 Accruals Deferred income Other creditors 3.600 36,882 8,459 3.600 116,757 8,161 £48,941 £128,518 28
SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY IA Company Limited by Guarantee and Not Having a Share Capltal) NOTES TO THE FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 29 MARCH 2024 14. UNRESTRICTED FUNDS 29 March 2023 Project transfers 29 March 2024 In¢ome Expenditure General fund Designaled funds.. Business continuity Future obligations Building fund Crisis Café fund IT refresh Building sinking 186,938 26,812 {36,8081 (20,000) 230,558 50,000 50,000 374,775 10,000 50,000 50,000 372,781 1,994 20.657 10,657 10,000 10,000 10,000 10,000 £671,713 £26,812 £{14,1571 £10,657 £723,339 ComparatlV8 information for the analysis of unrestricted funds in the previous year is as follows.. 29 March 2022 Projecl transfers 29 March 2023 Income Expenditure General fLAnd Designated funds- Training Business Continuity Future obligations Building fund Crisis Café fund 183.335 32,028 38,925 10,500 186,938 436 50,000 50.000 376,769 10,000 436 50,000 50.000 374,775 10,000 1,994 £670,540 £32,028 £41,355 £10,500 £671.713 The purpose of each fund is set out in the Report of the Trustees. 29
SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY {A Company Limited by Guarantee and Nol Having a Share Capital) NOTES TO THE FINANCIAL STATEMENTS FOR THE TWELVE MONTHS ENDED 29 MARCH 2024 15. RESTRICTED FUNDS 29 March 2023 Project transfers 29 March 2024 Income Expendilure Belmont Connect Learn Support Crisis House Fund (formerly Safe House) Crisis Café Hearing Voices Transformalion IPS Peer Support Works and User Engagement Renovation Sunday service 1,156 86,275 86,275 1,156 20,842 48.685 3,147 64.594 20,842 61,017 1,607 25,746 277.350 254,361 1,540 138,627 110,657) 99,779 25,389 12.825 213,079 228,999 1,106 15,409 9,469 11.719 9,679 25,088 £176,638 £701,571 £726,317 £(10,657) £141,235 Comparative information for the analysis of restricted funds in the previous year is as follows.. 29 March 2022 Project transfers 29 March 2023 Income Expenditure Belmont Connect Learn Support Crisis House Fund (formerly Safe House) Crisis Café IT for Mental Health Hearing Voices Transformation IPS Peer Support Works and User Engagement Housing Support Worker Renovation 92,051 90,895 1,156 20,842 13.452 1,943 3,147 36,048 20,842 48,685 253.013 213.780 1,943 (4,000) 3,147 64,594 154,668 126,122 7.877 6,170 12,825 135,908 111,896 6,170 (6,500) 25,389 12,825 £102,304 £635,640 £550,806 £(10,500) £178,638 The purpose of each fund is set out in the Report of the Trustees. 30
SUTTON MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capltal} NOTES TO THE FINANCIAL STATEMENTS AS AT THE TWELVE MONTHS ENDED 29 MARCH 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible fixed assets Nel currenl assets Total 2024 Restrlcted Funds: Hearing Voices Crisis House Fund (formerly Safe House) Crisis Café Renovalion Belmont Connect Learn Support Transformation IPS Peer Support Works and User Engagement Sunday Service 1,607 20,842 61,017 11,719 1,156 25,746 9,469 9,679 1,607 20.842 61,017 11.719 1.156 25,746 9,469 9.679 141,235 141,235 Deslgnated Funds: Business Continuity Future Obligations Building Fund Crisis Café Fund IT refresh Building sinking 50,000 50,000 50.000 50,000 372,781 372,781 10,000 10,000 10.000 10.000 372,781 120,000 492,781 Unrestricted Funds: General Fund 230,558 230,558 Total £372.781 £491,793 £864,574 31
surroN MENTAL HEALTH FOUNDATION CHARITY COMPANY (A Company Limited by Guarantee and Not Having a Share Capital) NOTES TO THE FINANCIAL STATEMENTS AS AT THE TWELVE MONTHS ENDED 29 MARCH 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS ..Icont'd Comparative information for the analysis of the net assets between Ihe funds in thè previous year is as follows.. Tangible fixed assets Net urrent assets Toial 2023 Restricted Funds: Hearing Voices Crisis House Fund (formerly Safe House) Crisis Café Renovation Belmont Connect Learn Support Wellbeing IT for Menlal Health Transformation IPS Peer Support Works and User Engagement Housing Support Worker 3,147 20.842 48,685 12,825 1.156 3,147 20,842 48,685 12,825 1,156 64.594 25.389 64,594 25,389 176,638 176,638 Designated Funds: PSW Training Business Continuity Future Obligalions Building Fund Crisis Café Fund 50.000 50.000 50,000 50,000 374,775 10,000 374,775 10,000 374,775 110,000 484,775 Unrestricted Funds: General Fund 186,938 186,938 Total £374,775 £473,576 £848,351 17. RELATED PARTY TRANSACTIONS Thor8 were no transactions with related parties in 2024 or 2023. 18. CONTINGENT ASSETS Total grant funding awarded as at 29 March 2024 but not yet received and recognised due to recognition criteria not being met amounts lo £403,083. (2023: £604.333} 32