REGIST COMPANY MUI4BER: 04157375 (England and Wales) REGIsfERED QIARrrY NUMBEIL. 1087420 REPORT OF THE TRusfEES AND F(XI THE YEAR EIWU> 31 MARQI 2025 FOR Applajram Barr6 Btrdham Road P020 7EQ
CAprrAL PROJEcrTrusr coriTErirs OF THE FINANCIAL sfATrIENTS FOR THE YEAR ENDED 31 MARC&1 2025 Page I to 12 Zndependert Examlnefs ReprAt li statsment of FInala1 Actlvltles 12 Balan Sheet 13 Cash How Statsment 14 Notes to the Cash Flow Slatemert 15 Notes to the Finaftdal Statents 16 to 23 Detalled Statement of Flnandal AL*Mtles 24 to 25
REPORT OF THE IRUSTEES FOR TrIE YEAR EPIDR) 31 MARCH 2025 Chalr of Trustees Rwrt FY24125 Wil 2024 . Math 2025 CApAL Project Tn& rebrnndal gdting a fresh new lo)k arnl dpngaj narne to CAprrAL tharfty. Agreed that we stKJuld thange our corstitsrtK)n to Ixon ow aLlllty to Vrk Lyond West Susse Begun exdting pro)ts W& sl County Q)urKll tkug and Alcoh Partnwthlp and togth Irfftasaj our range of furnlef% ContInl Member lal groy and wluntealThJ. Grew our munbershlp to 280 Supported nearly 1000 sex¥ts a1 Il%ryl p. We cornpletsj a thlrd r of manag&nert lead In W Slssex cowfyjuctlon whtth regular meetlngs of West Sussex Ll¥ed Experlence thory Group member5 and of Sussex-wlde C0prndn and Uved ExwlerKe SCALE Netvrt)rk In partnershlp wth ChangirKJ FureS arrt1 Possabllty Pe)ple. CAprrAL contlnues to provlde Ir Peu Suptxxt Workff and monthty Patlent vIe Polrt wlthln We Sussex p5ythatrlc ho¥ltals SrKJudlrKJ the PICU (pSlIatrIC Inten4ve th Unlt) Ambw Ward at LaleY Green Hospltal. One of our Pew WcAtrs a rnrnttrty rnagaa for L(Trty and atten and pauents at Langley Green, Mea(hJvtheld and Oaldarth H05pItsI& We trld a tralnlng sth In June for exng P¥Jent Vle44 Polnt facffltatlon vc4unteexs. CAprrAL Cleadve and Connth gro5 l)effi run at the Safe Haven CAPAL BogrN Regls offt& Members and stsff have been th PMTr0ng CAPAL In tt axrnwrdty at prtde wents, Wetlbelng events and at the World Mentsl Health Day ent kn (ktoLY In WThttty. The CAprrAL CEO and team are actl¥dy Inw)W kn Pathfints Ilannlng and Board meetlngs. Itrs provlng to be partlcularly Imwrtant In the Ilght of proFosal tn way that Heth &Jpw)rt Sertes w1 be recommls5toned over the next fve or rfYe year& HavlrKJ spent arouTrJ ten years bulldlng Pathftnder as a c(• allIan btheen Sussex Partnershlp NHS Trust (SPFn arml a dozen or so Voluntsry cnmUnIty Sodal Entty I) ckwrltl for ne( year the NHS commlssloners are presslro for a Lead F>Thidtr arKI %Kcrtradlng arRNJanenL 8elng among trwlf of Patmnder dprftles Ilwt do Tr)t kne rarnje and capth to bld In thelr own rlght as Lead Provlder, cAprrAL had to seek Induslon and partnsshlp vla negouth Tmth the laryff plays. Some of thlth woved Through<xrt FY 202+2025 we IHve been knldng at chan9lNJ ( uWng our constthI govttnlng document ID tske Into account the ChangIr Mental Health p[1)rt Suvts larxlscape Yllttrdn aTrl I&hI)UrfThj area& CAprrAL Twst t(MJk ath4antage of a Ic¥)k at reLYandlng the or93satrL CxThmuntalons agew PMW Durlng consjltatlon M)rksh)rs va)rking crAlab• we &Yamlnul comnintcate ts m4nlngi corporate pergwollty Idfjty of CAprrAL arKI kKJw YUld fike to
REPORT OF THE TRusfEES FC¥i THE YEAR Ell 3114AA(H 2025 At our end of AuSt 2024 AGM the CEO and Tri e)¥ained and ¢yJt1iI pnyffils aprffurfal for ng the CAprrAL govffniry dCm A wtaOn exklalrd that fa tr of a thangiThJ cornmlssionlng landknpe golng In to 2025. The Chlef Exeathe ar tru&s that an Irnrtant that we can prw to rneet the charvJe5 Mjuld be to rellew and uFthte ts gc¥vwnlng conltutlonal d(M)Jm&rt rf the charty, krThn as the MemorarKlum and Artlcles. The language of ojr memcrtlUrn and Artides Is datal. It do&s not refi&t our current ambltlons and approaches, such as coJU(tIolL Approval was Soht to 9)me changes In three a$pts. To expand tr geographlcal area wlthln whkh v mlgtrt opaate and r&ruK Lyond West Susw, The way5 that this w(yJld happen should fijlly tske Into account the Impart ¢)n CAPThAL menbus To ukyjate the way our charty's puw Is expressed, wthlch should the 1ThrM)RtiOn of cq)mdtl0n livaj ewierKe to Influence and fadlltate change. Th15 wlll enhance our sustalnablltty through the raThJe of rw opp)rkntnitles that may tAd b) fLdfil. To make changes to ts way VE rrUIt Tnth aThd thetr ttrm of whkh wdl help to rnalntsSn a dfverse t#)ard wlth the CAprrAL MnbU5 arnl erthl to w)te appDval ty 84% that v chae our arth of opth)n to be able to Vrk oUe of West s that laTrJuage ed to eKwess our purpxe, ar how the govemance by our trustees op8ate& The CEO preSd the outcoN of the lYaThllng has re&ttaJ In a ttorwje rf rome to bme CAprrAL Sept•nbtr a1 2024. CPPITAL ff and rnambets weje Inled In SFfs 5 yejr Strategy tyebthwient CAprrAL wwe comrnlsstonI to lYlTrJ the of serte users and pwle Ylth IW exwe to the West s Drug and Alcohol Partnershlp. A laurth took rAace In tre wed( of Novernber. Febwary 2025, we had a Vatlng aTrJ of cAP[r Members Awards and certlflcats& Thls trfaled a sardaY meetlng day. CAPtrAL ran a Drug and Ak01 P¥bwthlp COWOdlk)Tr cnTrrdty AWKI We also ran 9)me neurThllver There was the launch of a Vrteran's Wlry mwjlng In the Anry Arundel & WorthlThJ IotzIIty. February saw our thlrd Coproduclion conferen - The future Is In Ivur hands, a copr0dd cOnfwere organlsed by cApA Ckonglng Fure$ Suw Possablllty Pwt4e and SPFf. We had 90 w)ple attend the afftfwer In Hov& Peer SUP[rt IrkerS, hed expertttts orkerS, front Ilne staff, managffs ar commlsslonws aitended the day, 2025 Cdelrtlng Peer &ssex 2024 wAh Changiffj Fr£ R. Davles Chalr of Tntstees CAprrAL Charlty
REPORT OF THE TRusfEES FOR THE YEAR ElED 3114AR(>12025 trustees who are a19) 1fir&t$ of clwfty for the purposs of the cnPanIeS kt 2006, present ttElr rwt wth the financlal statements of the dwrity for the year erthd 31st March 2025. The tnstees have adopted the pn)visions of Accounling and R4Kxbng by ahv1. &atemer of 1ctiCe aprlKable to charities weparing their accounts in aCcOrdae with the RnarKla Re["rj Stayjard akwbolJe in the UK and Repjbk rf Ireland (FRS 102) (etsove l janlry 2019). Objectlves and alms for the publlc be The Capttsl j&t Tru# ha5 LEen est3l1ts as a CtsrLy 21M)l. Corn sae uw lal, It exlsts the alm Pfu¥ithng mutual peff 5UpF and tralniTrJ to vKJ w mwtsl h1th sevices Provldlng tralnlng and COrn servtes to rn31 health s•v1 wovtders they are as good as thw can be stlgma Retsln our unlque quallty as a savte uswlmembw181 nxknlty gw#xbve wl Conynue wr alUte comMitmt to puttiry Fwle first Wtthin tre organisatton, we care about our memttrs ow trustees and our staff and wlll eNre that p's leirj is the funda a)rsdwathn as we dth0p our buslness orftIes Malntsln our cornfflltment to rnaklng CAPITAL Kcessitle and fr to au ttr wK• vAsh to be MemL$ Work to bffjk down the stigma that with ntrI tealth by infoTmlrKJ the wKler publlc abjut mental health isgJe5 We am to aclyÉve tlis by: Regular group ffEetlngs In localitles to fadlllate Informakn tharing and mutual suprx) Wothng wlh the l¢xal ainical Commissioning Groups arKI ots #atutory arn1 voluntary s&tor paths to ensure tt pa)t4e use mwtsl health savice5 tsir vow hrd wkEn It crynes to thanglng and improvlng ttrse S1$. Womng vlth lcd urdv8sStles arnl ots edalDr5 to dth tralnlng from a sce uw FerwUv& EngagirYJ wlth the meAJia arKI the wlder putitc to Inforni them atout merttal health Issue4 PBrtlcularty M)rklThJ around Wortd Mental Health Day and Ma)tsl Health Avrdra We Worf(Ing vlth otsr Ial mentsl health prthidss as part of Patrffjth West s to acldeve a more ned up sen offw for pe wwlerKe ma)tal In the county. We contlnue to VhyI( acttvdy bvlth our partner5 to bulld the ser4ttce and ffwre that the of tre p ow services are heard I0j and cl&4r wlthln thLs evofving strlthre. l>roviolng Indepnt inpatient peer pE¥t to mattl heth servkes arKI to offer w to gUan In self-help strategle& Ddlvwlro fmmal arKI less foffl pw gJpp)rt tralnlrwj to [1d exp8U vthn our pew suptx)rt Facllltstjng Inpatlertt fegjback wa Pati grou$ p* to * thdr vlews on ther Sharfng and parttdOing In national seThlce tEer ftra as P19JN (ts Nattonal SuNwor and Uw NdvAyk), partlcularty contrlbutlng to ttw campaign on Value of Led organalI(. Bang vociferDUS throughout the wbSc congjtstion to Impr(Ne In•t SaN15 In West 9JsseL. VlortrirKJ
REPORT OF THE TRUSTEES FOR ThE YFAR ENDED 31 fv14RCH 2025 Introducuon This report refiects on CAprrALs y)r Irogress, and thallry acmss 202<2025. As a uw4ed mertal heafth charity rc01 In Ild our ranalns: to ampllfy the Vol of p&ple wtth dtra exptheno of mentsl PEalth challenges, InfiU& s, arKI lJJ]kl htmw7 c(KolI0rL Thls year te#ed ow resllleKe as fiMKJlrwJ landsca[5 shltsl, s• wdv&l, ar Intwnal capadty was stretched, we rernaIn presert In Inpat]tt wards (Dfnmunlty hubs, tht partrv5hlps and In the Il¥es of hulKl$ of people. At C4PITAL we bulld spaces for ppIe with INe(l 0xp8e to lthd, InfiuerKe ar#Y suppxt each oth¥. Whetr Ihavs through pew supp(Yt on inpatwtt ward4 LtrPr0Thj grtegy, or hddlrKJ safe space in cornmuryty gro all our Vrk is ppEIed. Thls year saw pwple #ep irth) leadw roles, rws ow XI Inpat1 arKI (w tram wKJage wth ovw 25 stratejlc system groups across West SeX and &s$eX rthwrk Inpattent Peer Support: Moye than a Servke Peer SUP[rt remalrs one of tr dearest demor&r&trJns of U F)hv ( Ilved exp8laTh Across Green, mornts of trolr Ilvs Patients repKVted feellng camw, more Iwful, aml less lyjated. NHS that P5 rexhed p dlnlcal tean cothd Rth ewdln shEd. 95% found conversations helpftd 94% felt li#enal to and SUPPK)rted 97% wartsd to meet a pes again This cost•effth int&tIOn that SUPkN)rts T, rethKes siaff sITa1 and bjilts tnL%t FUre a#nmissioning challeThJes ahead mear6 the framaM)rk exdudes inpatit pes 9JfvWt from CttoLv 2025. This is a aitical rsk to continuty of care arKI futtre of the seThl This year, C>PAL a cattral ffAe in West Sjssex ard Alcold Patha5Fdp. We produced Ilved exlencl re laur a £4(kK clxnmurrity fund, ar (Trdn tralntrfj wth AkolM)I CharrfJe UIL Four pw.led projects wffe funded - c(vering a@ 9JPFrf Potsh community outreach and lival exle1 volce We al research into the eyiertes of pw4e in tanw XcLxnd tugNlghtirYJ gaps In sUp)rt and rnislng structural around CesS and inequality. Drugi Alcohol, and Houslng: Nee¢b ¢A people In Tefflpow ACcfxnOn In 2024, fcos groups on the exwiaKe of with drug and Issues Ilvirrfj In temixxary affommoda¥on (TA). We SF•)ke to 38 p auoss six kKaUons In West Mentsl ill.health, trauma, crimSnal Justke Invdvaii&)t, and sugma V•ere r&urrtng tham FSndlngs: . Shar1 TA envIronmts can harni ljoundaries aTrJ rLdes are Srmn4sta)t . Peer SUPFrf)rt arKI staff understsndlng to fedlng s arml eroJa . Access to seNces, budgeting tools, aThJ traUmn[oe6 pr10 ¥Yas limited but de¥y needèj We devdoped dear recomm• Ind1 staff tralnlng, resth&rt bth p3thwaA and eworlng modular home 9)lutlon& This ¥•A>Tk furtkff CAprrALS alxllty to rexh p othws dont
REI¥)RTOF THE TRUSTEES FOR THE YEAR E14DU) 31 MARQI 2025 Our rnemb8th greAI fmm 232 to 280, 1th reJukr pew-l&l hubs rnIng in BcwJrKJr, IVorthirtyJ, 03wlq and East LEAG is a vislble, v(£al, and imptrnt part of CAprrALs mission. Tlvs , 24 memkn ccthbuted over 8(K) lrfxj across 169 meSng strategy ses• cov0dtIon rt and kyjllcy fum& Thetr trnpact Is belng fdt- notju inslde rnental heaith seN1, but auoss Put4 s&tor and n&(¢1$ In West and SJ55e(.ld LEAG'S influerKe irKJudes: . CtrleadiThJ the Mentsl Heth Trets Assessmvrt Holng and shaplrKJ the kneK ctrproduC cttere atta>1) DelIverij a pew4ed trdurna gro arml reCoY sp Qeating a Mertal Health Langwe lde (190+ IInar attaKl&s) Feedlng Into rKommlssIjThj of Martal Health SLWIrt WCeS Reprentlng liNed at optrational grour4 ¢7 IM)a¢ arKJ paththip n£tings '[ was at a syem-wide rneet1n.. at#)ut li¥eJ e%p8BKe and sDrMne 5ald; ere are the iFAf7 Why are nct slttir#J at the tsbk with usy TPot n¥)ment showed rrE our presence is finalty thw rnIsed.° "IYS me a)nnect ith othas and r&(xJru tre value of wlwt ltre been ttrKowh." "Ws stimulatTng It makes me feel hthiw." "These mtirw have had a [the Impxt on my Wdul to be Ilstened to arnl valu1." "I artually have a 11 doing rthuy df&Uve Iln having a reaiy rx)the Impact aThJ IVS lfri redly good aL" A% move Into 202>26 LEAG alms to: Reach re mlnorltlsed and marglnalked crnnltles Build strry o)mmlssiow rdalior6hiF6 Cr&ts more hylxld and acossltle meetiryj opth)r6 Cortrlbjte to natlonal forums and ctrdn new mcKlds CAprrAL alms to cortlrllR to invest in o)wothKtNM arnl In the groYAh of the LEAG . ts rrffjkn. and ts leadwthi nks to supwt the H&its On v( Valtsl cdIa0Ve Furnl, 2024-25 was a transfumatknnal y In cAPAL$ organ101[ de¥ElwML Inabllity all led by and for pIe wlti exwlm. W achlevwnerts Indud&" - Launchlng an Intwlm straw and IxslrEss pkn . Holdlng stratC plannlng sesgor6 vlfth tr$, the finarKe leal . Reautlro 3 new trustees thrJh a n&Y iNlwe prrx - Voting Intentlon to dnge our cor<ukn to tsIde of West Sussex (wfth 87% of nRmb&5 tIng In fawur) . engthenlng ow Ixand Identity arxl laurKtdThJ a n109), *Eb9t< JKI vig organlsational prlofftle5, TkIj rdatlLNthps, and tthm heltbelng.
CAprrAL PROJECTTrusr REPORTOFThE TRusfEES FOR THE YEAR ENDED 31 lAR(l2025 The core team explored how roles function, Identified tralnlng needs, and started buildirvJ ne partlshipS. A key out£ome was Improved Intemal commurllcatiors, and dearer strategles for IrKome gerEration, voluntew d0pme, and marketing. As one staff rnernr sald.. t may be a hard time c(ThtrvJ but we are Op and re for change- can as far Y want." 3teglcally, thls work lald the fotsndatlon for sustainable grnyth dlversification: - Our Buslness Development Manager has expand&l our funder base from I to 7 funder5 - Wetre develop1 an Incorne plan Irrfjudlng kleas Ilke a CAprrAL shop, corp)Tate traIng offer¥ and franchlsln9 the pr rrthd - l)Jr Interim rategy now guides all actlvty, with dearer rnllestones and more shared (Minership acro% the t&m Wetre also IdentAfl&l need for stronger wior leadershlp Infra9Yucture - rKognlslng the hlstorlc underfundtng of leadership in peer4ed organisatlor& Future plans will indude restructuring tv tlId the capacity needal to surlive arKI thrive through ts urKomlng r0MMIsSIon1n9 perlod. Acmss all work In 2024-25, we estEmate we support1 nearfy 2000 p8)pl& Challenges We're faced wlth Seal challeng Current fundlng landscape A fijlure cut to the Pathfinder o)ntract and rfsk to fijture Inpatlent tw support LonTrt&rn sickness, vacancies. and instabilty in some mles The future dosure of our Sudlq Road premlses due to budget pressures l)esplte we inNEsted in leada5hip develownen¢ and Wn worklng with Cranfield Trust to sn goveman and irthme strategy. Looklng Ahead: 202>2026 The year ahead is UnCttin, but our dear focus Is on: Strengthenlng senlor leadership Bulldtng a member-led ddlvery model Scallng our fundralsing and external profile vocatirKJ for the retertion of Inoent peer S[1)rt We11 contlnue to walk al0Side ttrK)se who are owl(K)ked, to hold Spa In sy&ems that neal Ilv&l eXperf& at tr heart and to hOrllY, even when Ivs dlfftcult. Weql do it LauSe we know that human connectlon, thar&l exp&1 and CollVe can thange Ilves- and thats wPot CAprrAL ts bullt on. Page 6
REPORT OF THE TRUSTEES FOR ThE YE END 31 IWiCH 2025 Prindpal fundlng sour l. Core Fundlng - £243.481 for the year kpid Im tst 1st J, l (ktober, arKI 1st Jawary. 2. Pew Support FuThling - paid as pu ccfe funlfing. 3. c0-uctIon Project managenrt fundiThJ . £27,IXKI 4. Donatlons, legades and Barth Interest comblned total . ffiI604 5. Heads On. Gro Fund: £11,665 6. Involced Tasks . VR have rnisej InNvtes to ts aue of £19,496 7. & Alcohol Pdrtnership funthThJ - £58,570 CapAal Is al greatly Indetked to esi of the late Alan FuTb Jones for rnt twuest of £54,541.46 Our costlrYJ anatyS prureS have maintairtal through yw. &Klget figures and morthly quartaty off monthty by tre acung Treasu In accordarKe vlth ow financial Fl)llde We Pove sIned our ernph and aW&e on costs has cwfpL ts) malntsln a hbh stanlkn of commftment to our memlw& Our buslrw dev0ent managw has c(xrtinued to idfy furxltng streams the am, ow tlme, of ISINj Income and the inabIlIty of the dwity. General OveNlew A dlfficult p£onomlc dlmate o) for ro] hir< and trdrw rf tUgh 1n committed at CApfTAL mairtain a high starKlard of c0nynlb to our a1 to swpwting memtts at rnedi and onllne where awoprlate. We Ilke to thk tr foll(hyiNJ for thar knrKI wpwt of our 1. £3,300 a¢)thvthers Foundation- laFtyS 1 £2,tKIO Sfonly FodatIon- Mld-sussex Iwb 3. £250 P£nUey Athancln9 Ufe ChafKes- Mentsl Flr Akl pthg 4. £250 L¥KInk- dlati¢m from Chrlslmas carts Avallable funds are always I0tJuSt bth core firj ts rd on l# W, 1st J, 1st Otlcthr, arnl 1st January each ye. CAprrAL's p)licy, Infom by (hrity CL¥nmlth CC19 arKI rdated dcamts is: Top am to reserves lert to fluLtsU In and amowtt (fj incoming finan arKI 0goIng paymffits to cover the costs of wirrffing up CAprrAL th15 become nsary. The tw) sittotlor6 would not ctcur togdhwi glven trR pnYnl by ojnnknws of six months vAniNJ of cire furKlirwJ changes The trust have morutorin9 accounts and haNe been SUpptINj (EO to batsrKe epllre on entIal devdopment actl¥ftles wlth brlnglng In Ilr£ th thls lICY. Cash In the bank a5 at 31st March 2025 #CMMI at £176,755.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARQI 2025 Governlng d¢)cunnt The Charty Is controllej by ts g)wnlng d( tre MenM)raTrJun and Artides of A0Cl arKI consbiut& a company Ilmited by guardnt as ddlned ty the Companles Att 2(M)6. The CAprrAL Project Trust opates in XCtYdae with h5 vAn(UM and Aitth OfAsglatkM. Ory•nlsatlonal structure PJI votlng tnLstS are dravm fr the cTrAL munbershlp. They take overall re5ponsiblltty tr deop1r1j the strnteglc dlrection ts CAprrAI are reswn5ible fDr settiThJ pd, arKI for n1n1n1r legal a1 finaniil viabli ity of the Ixslne4 as s& out by tt regulaw iwxfjes, (Ywity Commlsgon aNI Qjnparues Houx They are also resFonslNe for engwlng adIe to all other statts applkalk to our settlng CAprrAL's dJrection in Ilne thdr Yashés, neats arKI arnll(Ks. CAprrAL% dattrthy rn1 tskes pts thwjh a Core staff tea x)me of wlh)m are Ilne marqed ty the (EO. Changes are In the kY(£ess of being made to fr up scwne tlme for ts CEO to correntrate (ffi stratojy and klannlng. . Chalr of Tnistees lolds lire rna)a reSpll1ty for the CEO. In accOe wlth ow charitaile the Ints lake reS&bI to gtytare vay serlou4y. We retsin the seNos of Peningjla BU9r servi to ernjre that we are gven up to date legal attrfke regarrfing human re9xJrtrs and heath arKI saf&y rnatter& Syaff are delegatal to er6ure that cts legal rqulrements for exarne In t8ms of t#Js'ness and drfty law are al] m& Put we are uThla13kJng a rthlew of altwnatl¥e opuors for HR supporL We reguLIty eW ow to enm that tly are Arflkknt and arpDWe to the organOIiOrn We we slgrthrte5 of ts Mlnthd Emkn Charter.
REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 IQ4RQI 2025 Imlucllon and tralnlng of ne•V trwtees The drnents we use to ln the rde and rwnslbHftfits of a Truth updated thls ythr to brfng greater darlty to Tnthas and erSU the Infornth VRS Trntl arKI dkgtsed In a SIme, ceSSILle vrdy for pa)pte with a varlety of dlffwent Ie15 of undwnthw arKI re3dlWcom0. to betr undethrnl the IndfvldI rets of Trttr5 In relatlon to suppjt ar41 tralnlrtrj. TralntThJ Is made avallable to any cAPTr memb& c01Nd thelr carKlldatwe tsustee. Thls ts31nlng covtts role and respor65bllldes of a tnth, arKI also of a dlr&tor of a Ilmlted c(xnpany, our bun setp and legal fraMeV(, and the truth, rde vlthbn th1& All na¥ truees r&dve an Inlual Indn gmng thn relent Informatto for the rde.There ts ongolng tralnlng throwJh0 year to further pt each trust& kn re5por61Ue rol In tralnlng all prosFedlNE trust&s are made aware that In orts to futly wr&ent our mentss thw mu regularly attend kxallty• quartttly arnl othtr meetlngs to wre thy can hear mpkn vIe. Rhk manjgement Regular rlsk assess a carfed out to erwe that CApifALts are manag1 as s arKI sslbl& Rls assessments have been Wated to Indle actlon to Ix takn (knlry lrnJdwKes of ck1 arKI changes to the In- patknt envfronment to ersure P[rt safety. Rl a55essmffits tske th for our actl¥ltles aThl we In plxe as needal. We rejularfy mlew rtsk through tsam and Ilre fftanagant rned REFERENCE AND ADMINISTRATIVE DETAILS Reglstebyd Company number 04157375 (&¥larKI aNI Wales) Reglstered Charlty numb 1087420 Reglstored offlco l New Cent Yard Acton La London NWIO 8SJ R Davles a1r S Westmore Vlce Chalr S Fox (appointed 3011112024) (rnl 241612025) L Glbbs (appotnted 2411112024) L labor (apIntl 1811212024) P Laparle (rgned 241612025) T Lockyear (re51gned 1211212024) S Murray C Srrfjoks (rned ioiir2025)
REPORTOF THETrUSTEES FOR ThE YEAR ENDED 31 MARai 2025 Independent Examlner Sarah Ajexandw FCCA FC4 Lewls Brovmlee (thtchestsr) Um*ed Chartwed Acrnuntsnts Appledrdm Barns Blrdtrgm Road Chlck West Sus P020 7EQ Bankers Bardays Bank C I Chapel Road Worthlrtg BNII IEX Thls rewrt has been prepared In Yath the sp&lal prollons of Part 15 of the Art 2(6 rdatlng to vrtall compBrd Approved ty order of the Lrd of on .... ..... .......... SIW on Its behalf by: Page io
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CAPITAL PROJECT TRUST
Independent examiner's report to the trustees of Capital Project Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sense Sarah Alexander FCCA FCA
Lewis Brownlee (Chichester) Limited Chartered Accountants Appledram Barns Birdham Road Chichester West Sussex PO20 7EQ
19 September 2025 Date: .............................................
Page 11
CAprrAL PROJECTTrusr srATEMENf OF FINANCIAL AcnvmES NCORPORATXNG AN INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds funds IIICOME AND ENDOWMENfs FROM Donauons and leJacles 58,041 3,301 61,342 7,365 Charltable actlvltles Tralnlng facllltles and W0$hOrS Peer support LEAG ProJe£t Grovrth Fund Dlfferent Vlew Drug and Alcohol Projert 191,509 191,509 71h68 27,000 8,273 3,392 58,570 197,804 69,979 27,000 4,267 24,168 7¥468 27,000 8,273 3,392 58,570 Investrnent Income Tot41 17 331815 EXPENDrnIRe ON Charltable acdvltles Tralnlng facllltles and vKrkstK)FS Peer support LEAG pj&t Growth Fund Dlfferent Vlew Drug and Akohol Project 236.529 5,285 236,529 80,600 751 243,459 66,658 10,214 17,222 12,901 75A15 1,751 8A06 47A30 8,506 47,530 Total 133 102 NEf XNCOMEI(EXPENDrnIRE) Translers between funds 562 38,902 14 39A64 (20,789) 13 Net movement In fund8 (¥2S2) 40,716 39A64 (20,789) RECONaUATION OF PUNDS Total furKls brought forwArd 16,732 91026 101758 129,$47 TOTAL FUNDS CARRIED FORWARD 15 13 The notes fomi part of th&e finarla1 statemenls Page 15
BALAN SHEET 3114ARCH 2025 2025 2024 Total ndg TangltrAe asts io 15,732 15.732 13,926 CURREpifAssEf5 Debtors Cash at ba( and In hand li 5,253 176 755 19,440 17 9,266 171742 008 109,861 CREDrroRS AnM3unts fdllng the one ye 12 (9,518) (49,518) (15.029) NEf CURREiif ASSErs 252 108,758 FUNDS Unrestict8J furds Re#riLted funds 13 15,480 16,732 TOTAL FUNDS chafftable crnpany Is entiiled to eXan frc¥n aJ under S&ticm 477 of the Companies kt 26 for the year 31 Mwch 202S. The have nrt rqulrej tr cimpary to oLain an afft of its finarKo1 statern for the end&1 31 March 2025 In accordarre vlth S( 476 of kt 21YJ& (a) ersurirvj that the charitable compay keeps acco1ng recorts ttot c• SKllons 386 arnl 387 af the Companies kt 2006 and preparlng flnarKlal statwnents wNch gl%E a true arKI falr VI of the st&e of affairs of the charftsble Iwany as at the end of each finanoal ar of or dtht for finartial pr in aco)rdarre the requiranerts of knions 394 and 395 and Othe COmY with the wu1rets rf the Companias kt 2006 relatlng to flTh3ndi stata)Rnt4 so far as awllcable to the Charttse (x)mparry. (b) These flnandal statgnents love be pEpared In apt4raNe to d)aritsble ts)mpanres Sub to the small c(Mry)ans reglrr*. and signal Is behlf lry: R R Day. Trustee Page 16
CASH FLOW sfATEMErir FOR THE YEAA ENDED 31 MARai 2025 2025 2024 Cagh flows from operatln9 athltle• Cash generated from operdtlons 18 093) Net cash pdl ty/{us&l in) opwatlrnJ acil¥ 18 093) Cash flowg from Investlng aGvItIeS Purchase of tsnglble fixed as Intsrest re1V&1 (4.8n) (1,862) Net cash u*1 In InNE511ng Change In cash and (ash eqth•l•rtts In the PtIng perfod Cash and e4ulvalenb at the beglnnlng oftho rwdng pwlod (18,723) Cash and cash equlval¢nts at the ffid ( the Mportlng ptrlod Page 17
NOTES TO THE CASH FLOW sfATEMErir FOR THE YEAR ENDED 31 MARLTrI 2025 RECONCXUATION OF NEf INCOMEI(EXPENDrnIRE) TO NEf CASH FLOW FROM OPERATING 2025 2024 Net IncMe/(expend1tUre) f(r the Yeportlng perfod (as per the Statement of Flnandal Acllvltles) AdJtsents for: Deaan charyes Interest e1Va D&rease in stocks D&reasel(Increase) in debtors Increase In uedlto 39,464 (20,789) 3,066 (1,262) 1,951 (1,232) 175 (4,076) 14,187 Net cash wlded byl(Med In) optrallong ANALYSIS OF CHANGES IN NEf FUNDS At 114124 Cash flow At 3113125 Net cash Cash at bank and In ha1 90 176 755 176 755 Toial 176 755 The notes fomi part of these financial statements Page 18
CAPITAL PROJECT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling, which is the financial currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Governance costs
Governance costs comprise the costs of running the charity, including strategic planning for its future development, any legal advice for the trustees, and all the costs of complying with constitutional and statutory requirements, such as the costs of trustee meetings and of preparing statutory accounts and satisfying public accountability.
Allocation and apportionment of costs
Costs incurred in respect of the provision of training facilities and workshops are taken to direct charitable expenditure.
Expenditure which does not directly relate to the objects of the charity is analysed between charitable support costs, governance costs and costs of generating funds. Items which involve more than one cost category are apportioned to the cost categories involved in order to reflect the level of associated activity during the year.
Expenses relating to restricted funds are shown separately.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% and 10% on cost Equipment - 25% on cost
All assets are included and held at historical cost, only those capital purchases above the value of £500 are capitalised.
Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
continued...
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CAPITAL PROJECT TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted Funds
Unrestricted reserves are the balance of unspent funds, held to meet the day to day running costs of the charity. This reserve is required to meet the regular ongoing commitment to staff and suppliers.
Restricted Funds
Restricted funds can only be used for the purpose specified.
To the extent that restricted funds are expended on capital items a transfer is made between unrestricted and restricted reserves.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Gifts Legacies 3. INVESTMENT INCOME Deposit account interest 4. INCOME FROM CHARITABLE ACTIVITIES Activity Mental Health Commissioning Team Training facilities and workshops Provision of training facilities Training facilities and workshops Peer support funding Peer support LEAG Project sales LEAG Project Growth Fund Growth Fund A Different View Different View WSCC Project Funds Drug and Alcohol Project 5. CHARITABLE ACTIVITIES COSTS Training facilities and workshops Peer support LEAG Project Different View Drug and Alcohol Project |
2025 £ 6,801 54,541 61,342 2025 £ 1,262 2025 £ 172,013 19,496 71,468 27,000 8,273 3,392 58,570 360,212 Support Direct costs (see Costs note 6) £ £ 155,006 81,523 79,456 1,144 1,751 - 8,506 - 47,530 - 292,249 82,667 |
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CApTfAL PROJECTTrusr NOTES TO THE FINANCIAL sfATEMEMfs . contlnued FOR THE YEAR ENDED 31 MARCH 2025 AccoupifING POUCIES • contlnued Penslon cl9 and other p(st-retTrement beneffts The charftable compary 0rateS a defined contrtbutlon penslon scPEm& Contrlbutlons payable to the charltsble company's penslon scheme are charged to the Ststenent of FlnancFal Actmtles In the p¥fod to whlch they rdat& DofiATIONS AND LE¢JAaES 2025 2024 GSts Legacles 6,801 INVEsfMENf XNCOME 2025 2024 De1t account Interest 262 INCOME FROM LXARrrABLE ACTivrrIES 2025 2024 Mental Health Commlsslonlng Team Tralnlng facllltles and vnrkthops Provllon of tralnlng facllttles Tralnlng faclllues and workshops Peer support fundlng Peer supwt LEAG knJ&t sales LEIG FtroJ&t Growth Fund Growth Fund A Dlffwent Vlew Dlfferent vtew WSCC Project Funds Drug and COtKA Project 171013 19,496 71,468 27,000 8,273 3,392 166,618 31,186 69,979 27,000 4,267 24,168 Support Dlrect C09ts (see nots 6) Totsls Trdlning fdallties and workstK)PS Peer supwt LEAG knject Dlfthnt Vlew Drug and Aa)hol Project 1SS,006 79B56 ¥751 8,$06 81,523 144 236,529 80,600 1,751 8,506 29 82 667 374 916 Page 20 contlnued...
CAprrAL PROJECT Trusr NOTES TO THE FINANCIAL sfATEMENts . contlnued FOR THE YEAR ENDED 31 MARQI 2025 SUPPORT cosrs Management Totals Tralnlng faclllties and workshops Peer supwt 45B50 36,073 81,523 667 pport Costs, Induded In the alw are as folbws: 202S Tralnlng fadlltles and Total VA>rkshw artlvltles 2024 1,007 4,320 16,028 Xl,652 Indeent Exam5r*atlon fees Legal and professlonal f Bookkeeplng DeplatIon of tsnglble flx& assets 5,331 10,254 137 NEf INCOMEI(EXPENDrnIRE) Net Incornel{&¥peThdlre) Is stated atsr ctorglnO(credltlng): 2025 2024 Delaon . owned assets TRusfEES' REMUNeRAnON AND BEflEFrrs There were no trust, remuSratIon or other benefits for the year ended 31 March 2025 nor for the r ended 31 March 2024. 2025 2024 Page 21 c0nnUed...
CAPITAL PROJECT TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 9. STAFF COSTS 2025 £ Wages and salaries 233,977 Social security costs 9,099 Other pension costs 2,812 245,888 The average monthly number of employees during the year was as follows: 2025 Core staff 4 Peer staff 2 Co-Production 2 8 No employees received emoluments in excess of £60,000. 10. TANGIBLE FIXED ASSETS Improvements to property Equipment £ £ COST At 1 April 2024 10,087 18,364 Additions - 4,872 At 31 March 2025 10,087 23,236 DEPRECIATION At 1 April 2024 403 14,122 Charge for year 202 2,864 At 31 March 2025 605 16,986 NET BOOK VALUE At 31 March 2025 9,482 6,250 At 31 March 2024 9,684 4,242 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Trade debtors 3,626 Other debtors - Prepayments and accrued income 1,627 5,253 |
2024 £ 222,106 7,682 2,166 231,954 2024 4 2 1 7 Totals £ 28,451 4,872 33,323 14,525 3,066 17,591 15,732 13,926 2024 £ 16,378 1,335 1,727 19,440 |
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IIOTES TO THE FINANCIAL sfATEMErirs . contlnued FOR THE YEAR EIIDED 31 MARCH 2025 11 CREDrroR& AMOUNTS FALUNG DUE WrnIIN OME YEAR 2024 Tr uejltors Social slty and other taxes 3h16 2,057 6.144 43,102 13. MOVEMENT IN FUNDS Net Tramf At 114124 In funds funds At 3113125 Generdl fur#1 14732 (L814) 15A80 Peer sUpt Projert A Diff Y¥ 27,100 (3W6) (5,114) 5,114 64,926 90,175 8,273 Grovth Fund The Foundation Drug and Akotrmjl Partnthp 8,273 (3,300) 13 TOTAL FUNDS Net TrK)Ve in IrKluded In the x)ve are as fu[k. General fur#J 25011 (250,250) Peer Supp)rt proJ"t A Dlffwert Vlew LEAG wo]t 7&469 3A92 27,OlX 8,273 (75,315) (&506) (1,751) (3W6) (5,114) 25,249 The aoth1rker< Fourdioon Drug and AlCOP Partnershlp 3,300 47 58 570 30) 17 TOTAL FUNDS contlnued...
CAPTfAL PROJEcrTrusr NOTES TO THE FINANCIAL sfATEMENfs 4 conllnued FOR ThE YEAR ENDED 3114ARC&I 2025 MOVEMEKf IN FUNDS- contlnued Comparthqb for movenRnt In lunds movement In funds At 114123 funds At 3113124 Unrestrlctod fund$ General furKJ Winter Reslllence Fund EbE Project 44,754 24,142 (39,2{} 11,186 (24,142) 16,732 105,768 (39,208) (49,828) 16,732 Regtslcted fun¢ts Peer Suppyt Proj A Dlfftrent Mew LEAG prOjt Growth Fund 23,779 3,321 11,267 16,787 27,100 11,267 53,659 36,8n TufAL FUNDS 129 547 Comparatlve net movemprt In furKls, IrKluded In the at#M are as follows: Incomlng RejrCel Movement In fund• Unregtrlcted fund8 General fund 206,401 (245,609) (39,208) Peer Supp)rt ProJ&t A Dlfferent vtew LEAG woJKt Grobth Fund 69,979 24,168 27,001 (66,658) (12,901) (10,214) 3,321 11,267 16,787 125 414 TOTAL FUNDS 331815 Page 24 contlnued...
IIOTES TO THE F114ANCIAL STATEMENTS. contlnued FOR THE YEAR ENDED 31 IIARCH 2025 MOVEMEKf IN FUNDS- contlmd A awrart year 12 nK)nths aThJ fv y&r 12 rrnrths kTh7lon Is as follovs: At 114123 In funds funds At 3113125 Vnrestrlrted ndS General fvnd Wlntw ReSI•e FurKI EbE ProJeLt (38,646) 9,3T2 (24,142) 15,480 24,142 105,768 (38,646) (51,642) 15,480 Peer SuptNJrt Proj A Dlffexent Vlew LEAG I0j Grovrth Fund The aothwork£r5' Foundaoon Drug and Akohol Partnwshlp 23,779 23,254 11,267 78,)8 8,2TJ 6,153 42,036 (4,683) 3,3(Kl 5,114 36,8n 12,956 {3,300) 132 742 TOTAL RINDS A currert pr 12 morths and pts year 12 rmntrs oynblnd net In fvnd4 IrKI1 In the ab are as folk). Incomlng resources expended In 457,213 (495,859) (38,646) Peer pt F¥oJeLt A Dlfvent VSew LEAG prOjt Grovth Fund The aothvKrkers' Foundatjon Drug and thhol Partn•5Np 141,448 27,560 54,001 12,539 3,3(X) (141,973) (21,407) (11,965) (17,222) (525) 6,153 42,036 (4,683) 3200 TOTAL RINDS The fiJTrJ relallro to the EbE ProJ&t Is vthat ca cal Peer arKI Is to fund ts prlon of Peer Supwrt Workers, The fund relatlng to the Wintw Res115erre ProJ&t was granted towards the wThrfsTon of vRekly teer calls to members, addltlonal traInI and vIrtl pew drop In se5slons to hdp tho WI face add1t101 challeryes durSng wlrtw montts. contlnued...
CAPThAL PROJECT Trusr NOTES TO THE FINANaAL sfATEMEKfs . contlnuod FOR THE YEAR ENDED 31 MAR(>12025 MOVEMENT IN FUNDS - contlnued The fund relatirvJ to the Growth fvrKI was granted for bulldlng our Ilved leadehIP <zpacty as an organisatio The fiJnd relating to the Diffrnt View proiert was gran1 for ar¢ phowaphy and Journalllng projects that rdn ovex the year in LlttJe•n and Qawley. The fund relating to the LEAG Project was fomially known as EbE proJ&t for ICB funding l addlOnal contract for pr(xluctlon work The fund rlng kn the aothwotkn, Foundatlon was granta1 for the purch of new laptops The fund rdating to Drug and Alco11 Partnership was granted for the co-production of a progRmme w West Sussex County Councn for people with I1j experleno drug andlor alcoh)I harm. A transfer of £5,114 YRS made frorn the Gawal Fund to the Dlfferent Vlew FuThl f to cover the defidt whlth arose In the fund. A trdnsfer was made frDm tPE aothwjrkerfs Foundatson FurKJ to the General Furtd to cover the co of the ne laptops purchased. I& RELATED PARTY DIsCLoRE5 There were no related party trdf63tt1ons tr the year ended 31 Narth 2025. 15. OPERATING LEASES The fdk)wing operating Panents are commltted to be pakl: Land and bulldlngs Othw operatlng l&ses 2025 2024 2025 2024 Explrlng: Less than <Jne year Between one arKJ fve years More than five years 9,200 18,400 9,21XI Totsl I& COMPANY UMrrED BY GUARAKfEE The o)mpany is rim11 ty guarantee and accordlroty has no share capkal. Page 26
CAprrAL PROJEcf TRusr DEfAZLED STATEMEiif op FINANCXAL AcrivrrIES FOR ThE YEAR ENDED 3114ARCH 2025 2025 2024 INCOME AND ENDOWMEKrs Don)tIo and legades Glfts Legades 6,801 7,365 6L342 7,365 DeFosIt aca)unt Interest ¥262 1,232 Ch•rftsMe artlvlljes Mentsl Health Commlsslonlrg Team Provlslon of tralnlng facllltles Peer support fvndlThJ A Dlffwent vi Growth Fund LEAG ProJ&t sales WSCC Project Funds 171013 19,496 71,468 3,392 8,273 27,000 166,618 31,186 69,979 24,168 4.267 27,000 360 212 T6ts1 Inc•mlry regource8 421816 331015 EXPENDrruRe Charfknble athltle• Wages S)dal swlty Pen51ons 9Jndrfes Transport Venue hlre and catwlng Pro]t expenses TralrEr5 and tralnlng A Dlffwent Vlew 233,977 9,099 812 7H95 9,855 5,282 14,373 850 222,106 7,682 2,166 3,073 10,719 4,804 16,963 4,234 291249 284,648 Rep31rs and renevrdls 2,150 Support cwts Managennnt Rent rdtes Insuran Ught and heat Teleptrnne Pothge and statIorry 18,981 3,518 3,853 638 3,563 6,958 45,511 18,880 3226 7,265 2,343 Carf1 fotvRrd 41,979 Thls page does not fomi part of the ststlkory financial statanents Page 27
FOR THE YFAR ENDU> 31 LIR( 2025 2025 2024 Brought fonyard Admlnl#rattve expms Lodge Offi deanlng 45AII iii 41,979 122 919 46,594 IndepeTrlent Examinatlon fee5 Legal aTh1 profesgonal fees Bookke¥ng DeatIon of tarollle fixal a*5 4320 16,028 14652 5,331 10.254 Totsl re&)uKes exFoxled Net Incomel(expenthrn)