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← Mood Swings Network

2025-03-31-accounts

Company registration number: 03833841 Charity registration number: 1077513

Mood Swings Network

(A company limited by guarantee) Annual Report and Financial Statements

for the Year Ended 31 March 2025

Gordon Levy BA FCA Chartered Accountant Gordon Levy Limited Suite 5 4th Floor 3 Universal Square Devonshire Street North Manchester M12 6JH

Mood Swings Network

Contents

Contents
Reference and administrative details 1
Trustees' Report 2
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 18

Mood Swings Network

Reference and Administrative Details

Chief Executive Officer

Gary Buttriss Holt

Trustees

==> picture [296 x 69] intentionally omitted <==

Dianne Scanlon (resigned 8 October 2024) Martin Farrar (resigned 15 October 2024) Philip Morris Christopher Lynas Phil Lynas Gary Buttriss Holt Amy Robertson (appointed 9 October 2024) Hannah Davis (appointed 9 October 2024)

Principal Office

36 New Mount Street Manchester M4 4DE

The charity is incorporated in England & Wales.

Company Registration Number

03833841

Charity Registration Number

1077513

Independent Examiner

Gordon Levy BA FCA Chartered Accountant Gordon Levy Limited Suite 5 4th Floor 3 Universal Square Devonshire Street North Manchester M12 6JH

Page 1

Mood Swings Network

Trustees' Report

The trustees, who are directors for the purposes of company law, present their annual report together with the financial statements of the charitable company for the year ended 31 March 2025.

Objective and Activities

Summary of the Objects of the Charity as set out in the governing document

Object

The primary object of the Charity is to support people whose lives are affected by mood disorders.

Moodswings is a unique charity which gives free, on-going support to people suffering from emotional distress. We are a registered charity and company limited by guarantee, set up in 1999 to support people with mental health problems and their friends and family. Much of our work is done by volunteers, many of whom have suffered the effects of anxiety or emotional distress themselves.

Each year we work with around 1500 people, offering support to Education & Medical workers, the unemployed and people of all ages and backgrounds. Our philosophy is based on the knowledge that any one of us can experience emotional distress if we are subject to the particular kind of stress which makes us vulnerable. Some people can cope effectively, because they have a lot of support around them. For others, we are the friends and family they do not have. For university students, for example, we can represent a lifeline as they struggle in their management of their course and independent living. Merely being away from their parental home, for the first time, may become a trigger to mental health challenges.

All our work centres around ‘Positive Recovery’, by which we mean ‘living the best life you can, with or without, the symptoms of emotional distress’. Our aim is to help people to understand and manage their symptoms, and thereafter achieve the things they want in life regardless of their diagnosis. Mental health problems can be overwhelming, and it is sometimes impossible to see beyond the immediate distress, but our approach at Moodswings is to provide people with an optimistic outlook.

In this, we provide evidence that with proper treatment, support and self-management, it is possible to manage mental distress and lead a full and meaningful life. We encourage people to be as independent as possible, to volunteer or work, enjoy busy social interaction and to achieve their aims in life.

Moodswings provides one to one support and training, as well as other services aimed at supporting people in their progress towards their individual recovery goals. Services include a drama group, mindfulness sessions, arts and crafts workshops, as well as a singing group and a ’Walk & Talk’ initiative. Additionally, we also provide a programme of ongoing 6 x 6 monthly self-help courses, based on the 5 Ways To Wellbeing initiative, devised by the New Economics Foundation and evidence based. Our version of this initiative (entitled ‘ALPS’) has been funded by a Community grant from the National Lottery.

Initial contact for all our services, is now made via our website self-referral form, though we are also recommended by GPs, mental health teams and support workers, who can also signpost beneficiaries to our service.

Moodswings acquired our own building in Manchester in 2012. By doing this we achieved an ambition held by the charity since its formation in 1999 and we secured the charity’s future. Since we rely heavily on volunteers, owning our own building ensures the security of the charity and its work, by reducing our running costs to a minimum.

In 2019 we completed work on an extension to our building which now houses our community hub. Our aim was that this service would become a valuable part of the community, providing a space for people with severe and enduring mental health problems. Initially, prior to lockdown, the space was intended and operated for a short time as a community cafe, however due to changes in the local area, it is now being used purely as a community hub and activity space to host our groups and workshops. The hub also hosts partnership organisations such as Mental Health Services & Probation, a safe environment where clients can attend a weekly

Page 2

Mood Swings Network

Trustees' Report

support drop-in facility; the informal space offering a psychologically informed environment, rather than the more austere Probation premises.

Service & Beneficiaries Year Ending March 2025

Moodswings continues to offer its services, free of charge to our beneficiaries, relying solely on our own inhouse fundraising ventures and donations from our supporters. Funding applications are continually rejected by our Local Authority, despite mental health issues being significantly higher in the locality when compared to the rest of UK. Mental Health is no longer a popular cause and any donations are usually directed towards the major National charities. Despite this, and the economic cutbacks which have had a negative impact on the voluntary sector, we work with more people each year and have managed to expand our services. We continue to offer our employees additional responsibility and autonomy, and put in place enhanced opportunities for our volunteers. We are supporting a working environment where volunteers aspire to be employees and beneficiaries, with lived experience, are supported in utilising the skills to facilitate activity groups. This results in a significant benefit to our community as well as the Moodswings vision.

Future Plans

In recent years, Moodswings has benefitted from enhanced recruitment of, volunteers and the launch of our rebranding programme, public facing, interactive web presence. Additionally, professional partnerships within the local community, have all come to fruition and continued to add value, during this reporting period. Our aim for the forthcoming year is to ensure that the Charity offer is sustained, and our waiting list response is managed effectively. Due to our enhanced public presence, self-referrals have significantly increased, and it is a priority of the team to control the beneficiary’s pathway, timeously.

Group activities play a significant part in this, as clients can often be signposted to sessions which promote inclusion and reduce isolation. Currently, we are developing further, one-off ‘taster’ sessions including Music, Tai Chi Emotional Freedom Techniques and Visual Arts. There is a sense that the wider determinants of wellbeing can be effectively supported within this somewhat organic process, with a strong foundation of staff experience and further training in therapeutic models, underpinning the process. Community development models ensure that beneficiaries are up-skilled and supported to shape the future of Moodswings, facilitate group activities and be involved with feedback forums.

Financial Position

Moodswings continues to be financially well. A detailed summary of our finances and reserves policy can be seen in our accounts for the year 2024/2025.

Despite changes in how the student project operates, our provision of non-medical helper support has continued at Manchester University and Salford University. We continue to closely monitor this project to ensure that it remains cost effective. A meeting between administration at the University and ourselves has been scheduled for March 2026. We also continue to provide support to staff at Manchester University and One Manchester, with the recruitment of one of our bank of student mentors all qualified person-centred counsellors. We continue to apply for grants although this was the final year of our Reaching Communities grant from the National Lottery. Additionally, a twice-yearly donation is also received from the Bothwell Charity Trust.

Given the likelihood of mental health being not being grant worthy or being cited as a priority, our fundraising has needed to be more creative during this reporting period. We have partnered with organisations such as ‘Run For Charity’ and ‘Raffle House’ in order to attract further funding. Additionally, we have reached out to iconic Manchester musicians and artistes, who have agreed to perform Q & A events, book signing and meet & greet events, to act as fundraising opportunities. Some have also become Patrons of our Charity, which has provided us with enhanced attention on Social media platforms. These initiatives provide us with alternative possibilities to sustain our services financially.

Page 3

Mood Swings Network

Trustees' Report

Recruitment, Training & Appointment Trustees & Directors

Our management committee are trustees and directors of the company. They are elected, rotated and re-elected according to the requirements of our Memorandum and Articles of Association. All members give their time voluntarily.

The charity aims to ensure that the needs of the group we support are appropriately reflected through the diversity of the trustee body. To enhance this we have actively recruited members who have previously received support from the charity and can use their own lived experience to support us. More traditional business and statutory experience and skills are also represented on the management committee. We regularly run a skills audit within the management committee. All trustees are provided with a full induction pack and sign a confidentiality agreement.

Trustees are already familiar with the practical work of the charity and are encouraged to come into our service to shadow our work and to attend trainings. Trustees are encouraged to consult the Charity commission website to explore the nature, responsibility and demands of being a trustee before they commit to us.

Organisational Structure

Moodswings has a management committee who meet quarterly and are responsible for the strategic direction and policy of the charity. Our staff members also sit on the committee. Day to day responsibility for the provision of services rests with the chief executive along with the recovery support staff. The chief executive is responsible for ensuring that the charity delivers the services specified and key performance indicators are met. The CEO and staff are responsible for the day-to-day operation of Moodswings and supervision of its mentors and volunteers, ensuring that the team continue to develop their skills and working practices in line with good practice.

The management committee instructs our accountants to prepare full financial statements each financial year which give a true and fair view of the situation of the charitable company including income, expenditure and resources. The management company is also responsible for safeguarding any assets of the charitable company and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Risk Management

The management committee regularly reviews the risks to which the charity is exposed. Where appropriate, systems or procedures are established to mitigate the risks faced. Risks to funding in this period of austerity mean that internal procedures have been developed to ensure the diversification of funding and activities. Policies and procedures governing finances and health and safety are regularly reviewed to ensure compliance.

Public benefit

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Volunteers

The charity is grateful for the unstinting efforts of its volunteers who are involved in running Mood Swings Network, office administration helpline and recovery support work. As previously documented, we have been successful in increasing our volunteer base recently. Additionally, we have a solid recruitment and training process for the volunteers we take on, which includes those who facilitate our sessions and activities.

Page 4

Mood Swings Network

Trustees' Report

Company Status

The company was incorporated on the 31 August 1999 by its Memorandum and Articles of Association to be a company limited by guarantee. In the event of the company's winding up, all its members have agreed to contribute a sum not to exceed £1.

The Charity's Bankers

Cooperative Bank plc, PO Box 101, 1 Balloon St, Manchester M60 4EP

Reserves Policy

The Trustees believe that unrestricted reserves of 12 months’ cost of running the core activities of the charity and maintaining the building are required.

Reappointment of Independent Examiner

Gordon Levy, Chartered Accountant, has been reappointed as Independent Examiner for the ensuing year.

The annual report was approved by the trustees of the charity on 29 January 2026 and signed on its behalf by:

.........................................

Mr Gary Buttriss Holt Chair of the Trustees

Page 5

Mood Swings Network

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Mood Swings Network for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and 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.

Approved by the trustees of the charity on 29 January 2026 and signed on its behalf by:

......................................... Gary Buttriss Holt Chief Executive Officer and Trustee

Page 6

Mood Swings Network

Independent Examiner's Report to the trustees of Mood Swings Network

I report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 8 to 18.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

...................................... Gordon Levy BA FCA Chartered Accountant ICAEW

Gordon Levy Limited Suite 5 4th Floor 3 Universal Square Devonshire Street North Manchester M12 6JH

Date: 29 January 2026

7

Mood Swings Network

Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Notes
Income from donations and grants
3
Less: Expenditure on charitable activities
4
Net expenditure
Investment income
3
Taxation
8
Net movement in funds		 Year ended
31/03/2025
£
137,850
(223,159)
(85,309)
1,711
(83,598)
0
(83,598)		 Year ended
31/03/2024
£
233,862
(185,158)
48,704
2,348
51,052
0
51,052

8

Mood Swings Network

(Registration number: 03833841) Balance Sheet as at 31 March 2025

Year Year
ended ended
31/03/2025 31/03/2024
Notes £ £
Fixed assets
Property 9 551,000 551,000
Tangible assets 9 0 0
551,000 551,000
Current assets
Debtors 10 4,440 3,870
Cash at bank (current account) 395,542 482,602
Cash in hand 0 100
399,982 486,572
Creditors: Amounts falling due within one year11 (6,406) (9,398)
Net current assets 393,576 477,174
Net assets 944,576 1,028,174
Funds of the charity:
Unrestricted funds 385,870 467,422
Restricted funds 7,706 9,752
393,576 477,174
Property fund 551,000 551,000
944,576 1,028,174

For the financial year ending 31 March 2025, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements on pages 8 to 18 were approved by the trustees, and authorised for issue on 29 January 2026 and signed on their behalf by: |

......................................... Gary Buttriss Holt Chief Executive Officer and Trustee

9

Mood Swings Network

Notes to the Financial Statements for the Year Ended 31 March 2025

1 Charity status

The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Mood Swings Network meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

10

Mood Swings Network

Notes to the Financial Statements for the Year Ended 31 March 2025

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

11

Mood Swings Network

Notes to the Financial Statements for the Year Ended 31 March 2025

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

12

Mood Swings Network

Notes to the Financial Statements for the Year Ended 31 March 2025

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

13

Mood Swings Network

Notes to the Financial Statements for the Year Ended 31 March 2025

Derivative financial instruments

The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

INCOMING RESOURCES

Note
Grants Received:-
Big Lottery
Screwfix Foundation
Bothwell
Employment project
Student Project
Donations
Bank Interest
TOTAL INCOMING RESOURCES
TOTAL RESOURCES FOR THE YEAR
5
NET RESOURCES FOR THE YEAR
TOTAL FUNDS B/FWD
TOTAL FUNDS C/FWD		 Unrestricted
Restricted
Property
Total
2025
Total
2024
0
60,000
0
60,000
60,000
0
5,000
0
5,000
0
0
12,000
0
12,000
12,000
0
23,660
0
23,660
10,360
0
24,625
0
24,625
26,865
8,983
3,582
0
12,565
124,637
1,711
0
0
1,711
2,348
10,694
128,867
0
139,561
236,210
92,246
130,913
0
223,159
185,158
(81,552)
(2,046)
0
(83,598)
51,052
467,422
9,752
551,000
1,028,174
977,122
385,870
7,706
551,000
944,576
1,028,174

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Mood Swings Network

Notes to the Financial Statements for the Year Ended 31 March 2025

5 TOTAL RESOURCES EXPENDED
Training & Outreach Work
Travel & Volunteer Expenses
Marketing and fundraising expenses
Premises/utilities
General expenses, repairs and insurance
Insurance
Cleaning
Printing, Postage & Stationery
Telephones and computer equipment
Wages and Salaries
Subscriptions
Depreciation
Professional Fees and Accountancy
Bank interest/charges		 Year
ended
Year
ended
Unrestricted
Restricted
2025
2024
£
£
£
£
4,065
0
4,065
456
0
1,626
1,626
1,069
0
0
0
0
0
5,708
5,708
4,950
18,588
0
18,588
4,421
0
3,825
3,825
3,604
0
1,066
1,066
1,249
8,700
0
8,700
645
6,072
0
6,072
20,103
54,821
110,243
165,064
140,008
0
3,341
3,341
1,279
0
0
0
0
0
4,703
4,703
6,730
0
401
401
644
92,246
130,913
223,159
185,158

£92,246 (2024 - £Nil) of the above expenditure was attributable to unrestricted funds and £130,913 (2024 - £185,158) to restricted funds.

5 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

6 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
2025
2024
£
£
Staff costs during the year were:
Wages and salaries 144,992
122,841
Social security costs 12,056
10,420
Pension costs 8,016
6,747
165,064
140,008

15

Mood Swings Network

Notes to the Financial Statements for the Year Ended 31 March 2025

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

year expressed as full time equivalents was as follows:
2025
2024
No
No
Total employees 10
8

No employee received emoluments of more than £60,000 during the year.

7 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £8,016 (2024 - £6,747).

8 Taxation

The charity is a registered charity and is therefore exempt from taxation.

9 Tangible fixed assets

9
Tangible fixed assets
Land and
Furniture and
buildings
equipment
Total

£

£
£
Cost
At 1 April 2024 551,000
34,406
585,606
At 31 March 2025
551,000
34,406
585,606
Depreciation
At 1 April 2024 0
34,406
34,406
At 31 March 2025
0
34,406
34,406
Net book value
At 31 March 2025
551,000
0
551,000
At 31 March 2024
551,000
0
551,000

16

Mood Swings Network

Notes to the Financial Statements for the Year Ended 31 March 2025

10 Debtors

Debtors
Other debtors
Creditors:
Amounts falling due within one year
Taxation and social security
Sundry creditors
Pensions
Accruals		 2025
£
4,440
4,440
3,059
929
678
1,740
6,406		 2024
£
3,870
3,870
3,295
3,800
563
1,740
9,398

11 Creditors:

12 Funds

12
Funds
Unrestricted funds
Restricted funds		 Balance at
1 April 2024
£
Incoming
resources
£
Resources
expended
£
Balance at
31 March 2025
£
467,422
10,694
(92,246)
385,870
9,752
128,867
(130,913)
7,706
Total funds
Unrestricted funds
Restricted funds
Total funds		 477,174
139,561
(223,159)
393,576
Balance at
1 April 2023
£
Incoming
resources
£
Resources
expended
£
Balance at
31 March 2024
£
342,745
124,677
0
467,422
83,377
111,533
(185,158)
9,752
426,122
236,210
(185,158)
477,174

17

Mood Swings Network

Notes to the Financial Statements for the Year Ended 31 March 2025

13 Analysis of net assets between funds Analysis of net assets between funds Analysis of net assets between funds
Unrestricted funds Restricted funds Total funds
Tangible fixed assets 0 551,000 551,000
Current assets 385,870 7,706 393,576
Total net assets 385,870 558,706 944,576

18