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2024-03-31-accounts

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT & FINANCIAL STATEMENTS

YEAR ENDED 31ST MARCH 2024

Registered Charity no: 1097461 Company no: 4693666

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH YEAR ENDED 31ST MARCH 2024

CONTENTS

Page
Reference and Administration details 1
Trustees' Report 2-4
Independent Examiners Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8-10

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH YEAR ENDED 31ST MARCH 2024

REFERENCE AND ADMINISTRATION DETAILS

Staffordshire Network for Mental Health is a company limited by guarantee and a registered charity governed by its memorandum and articles of association which were last amended in 2020.

Company Number

4693666

Charity Number

1097461

Trustees

The trustees who served during the year were:

Ian William Scott (Chair) Joanne Craig (Vice Chair) Donna Teresa Cope (resigned July 2023) Darren Smallman (from December 2022) Jamie McKain (from December 2021) Paul Everett (resigned October 2023 Reena Kenth-Kalia (from November 2022) Nicola Louise Foley (resigned August 2023) Tracey Nixon (from August 2023) Cheryl Pamela Turner (from August 2023) David Jonathan Hardy (from March 2024)

Registered Office Bankers Independent Examiner
Unit GF05 CAF BANK Ltd Debbie Wellecome BA (Hons), FMAAT
District Council House 25 Kings Hill Avenue Support Staffordshire
Lichfield West Malling
Staffs Kent
WS13 6YU ME19 4JQ

1

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH (SNMH) YEAR ENDED 31ST MARCH 2024

TRUSTEES' REPORT

The trustees, who are directors for the purposes of company law, present the annual report and financial statement of Staffordshire for Mental Health (SNMH) for the year ended 31st March 2024

Trustees

Ian William Scott (Chair), Joanne Craig (Vice-Chair), Paul Everett (resigned October 2023),

Donna Cope (resigned July 2023), Darren Smallman, Jamie McKain, Tracey Nixon (from August 2023), Nicola Foley (resigned August 2023), Reena Kenth_Kalia, Cheryl Turner (from August 2023), David Hardy (from March 2024).

Structure, Governance and Management Nature of governing document

SNMH is a company limited by guarantee and does not have share capital; and is a non-profit making organisation and a registered charity governed by its Memorandum and Articles of Association which were last amended 10 September 2021

Recruitment, Appointment and Induction of Trustees

The Board of trustees contains a broad mix of skills thereby enhancing its effectiveness. When further trustees' recruitment is necessary the criteria for new members are decided using a skills audit to ensure the board retains its efficacy.

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.

Aims and Objectives

The objectives of the charity are:

To improve the quality of life for individuals across Staffordshire who have personal experience of mental distress; by enabling user involvement, active representation and a campaigning voice Its Aims are:

1: To promote the interests and rights of people who use mental health services in the area.

2: To ensure the involvement of mental health service users in improving existing services and developing new ones.

5: To promote service user potential and recovery through supporting access to self-development opportunities.

6: To actively increase general awareness of mental health, and to challenge stigma and discrimination of people experiencing mental illness

2

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH (SNMH) YEAR ENDED 31ST MARCH 2024

TRUSTEES' REPORT (CONTINUED)

The charity has made many achievements which work towards the organisation's aims and objectives, which are outlined in our full annual report. The charity has fulfilled its core contractual obligations but in addition to this achieved many other outcomes as due to other funding streams.

Risk Management

SNMH reviews and assesses the risks it faces in all areas of its work and plans for the management of those risks. The implementation of effective risk management is a key part of ensuring that the charity is fit for purpose. SNMH recognises the identification of risks is best done by involving those with a detailed knowledge of the way SNMH operates.

SNMH recognises that effective risk management will result in:

Trustees make informed decisions and take timely action The Network makes the most of opportunities Strategic planning is improved

The Network's charity aims and objectives are achieved more successfully

The Board of Trustees of SNMH have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems or procedures are established in order to manage those risks.

Reserves Policy

SNMH recognises two types of reserve as outlined below:

Restricted Reserves

Reserves held in accordance with any restrictions required by the original funder

Unrestricted Reserves

Reserves that are not legally resticted or designated for specific future use.

The Trustee board consider it prudent to retain unrestricted funds equivalent to 3 to 6 months core operating expenditure to cover potential short term changes in funding and winding up costs as necessary. At 31st March 2024, the trustees belive that the unrestricted reserves are sufficicent to meet this policy.

At 31 March 2024, SNMH held £116,210 in restricted reserves and £87,794 in unrestricted reserves.

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

3

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH (SNMH) YEAR ENDED 31ST MARCH 2024

TRUSTEES' REPORT (CONTINUED)

KEY ACHIEVEMENTS / EVENTS IN THE YEAR

New and future funding basis

Additional funding was won from the Veterans Foundation to extend the military veterans wellbeing workshops; and from NHS Charities Together to extend the community based wellbeing workshops. The National Lottery Community Fund (NLCF) continued its support via the year 3 grant being received. New funding was won from NLCF to deliver a scheme to enable mental health impacted users to return to the workforce known internally as "mental health ambassadors".

The fundraiser resigned in July 2023 and replacement recruitment proved quite time consuming but a new person was appointed from January 2024.

The sustainability plan included in the July 2021 bid to NLCF struggled to deliver much revenue - the environment of lockdowns and cost of living pressures proved too much of a hurdle. This increased the pressure on costs as the planned reduction in NLCF grant payments approaches in July 2024. A cost review resulted in adopting cloud based accounting systems, the cancellation of several non-core contracts, trimming of insurance from reduced IT risks and reducing non-NLCF funded headcount (through fixed term contract termination).

The charity, having had no success with business shows, embraced business networking in earnest - which did start to generate some income.

The memberships of the FSB and Staffordshire Chambers heve been useful in rasing the business training and workshop offerings. The FSB membership has brought a move to free banking with the Co-operative Bank.

Governance and Operations

The year saw several changes in the trustee board. Donna Cope, Paul Everett and Nicola Foley all resigned due to promotion and new pressures of work in ther day jobs. Business networking brought 3 new trustees with finance (Tracy), social media (Cheryl) andIT skills (David).

PLANNED ACTIVITIES IN THE NEXT YEAR

Project extensions

Though it is likely that the military project will not be extended further, the charity will, through careful budgetting, be able to extend the "mental health ambassadors" and community workshops projects.

Commercial operation

The charity will refocus on business revenue generation by fully exploiting the networking approach - through BNI and Sterling International, whilst keeping our presence in the Staffs Chamber and FSB.

An application wil be made to register for Gift Aid with HMRC, understanding the admin overhead that will bring. The transition to the Co-op Bank will be completed.

A spring ball will be held to raise revenue and awareness the first quarter of the FY.

The annual report was approved by the trustees of the charity on 17 December 2024 and signed on its behalf by:

I W Scott

Ian W Scott, Chair

4

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH YEAR ENDED 31ST MARCH 2024

Independent examiner's report to the trustees of Staffordshire Network for Mental Health - Charitable Company ('the Company')

I report to the chairty trustees on my examination of the accounts of the Copmpany for the year ended 31 March 2024

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 for 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

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:

  1. 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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirements that the accounts five a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. 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 prepareing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)].

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 undersatnding of the accounts to be reached

Signed: D Wellecomme

18/12/2024

Name: Deborah Wellecomme BA (Hons), FMAAT, AATQB

Address: Support Staffordshire, Stafford Civic Centre, Riverside, Stafford Staffordshire ST16 3AQ

5

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH YEAR ENDED 31ST MARCH 2024

STATEMENT OF FINANCIAL ACTIVITIES

Note
INCOMING RESOURCES
Income from Generated Funds
Voluntary Income
Grants and Donations
2
Investment Income (Bank Interest)
Income from Charitable Activities
Total Income
Expenditure
Charitable Activities
3
Governance Costs
4
Total Expenditure
Net income/expenditure before transfers
Transfers Between Funds
Net Movement in Funds
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted
Total
Unrestricted
Total
Funds
Restricted
Funds
Funds
Restricted
Funds
General
Funds
2024
General
Funds
2023
£
£
£
£
£
£
6,999
179,871
186,870
70,226
96,212
166,438
2,433
-
2,433
450
-
450
798
-
798
2,976
-
2,976
10,230
179,871
190,101
73,652
96,212
169,864
29,443
147,532
176,975
67,668
103,323
170,991
1,918
-
1,918
451
-
451
31,361
147,532
178,893
68,119
103,323
171,442
-21,131
32,339
11,208
5,533
(7,111)
-1,578
-
29,502
29,502
-
-
-21,131
32,339
11,208
35,035
(36,613)
(1,578)
108,925
83,871
192,796
73,890
54,019
127,909
87,794
116,210
204,004
108,925
17,406
126,331

This statement of financial activities includes all gains and losses recognised in the year and complies with the requirements for the income and expenditure account under the Companies Act 2006.

All income and expenditure derive from continuing activities

The notes on pages 8 to 10 form an integral part of these financial statements

6

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH AS AT 31ST MARCH 2024

BALANCE SHEET

Note
Current Assets
Cash at Bank and in hand
5
Debtors and Prepayments
6
Less :- Creditors, amounts
falling due within one year
7
Net Current Assets
Represented by
Funds
Restricted Funds
8
Unrestricted Funds - General		 Unrestricted Restricted
Total
Unrestricted Restricted
Total
Funds
Funds
2024
Funds
Funds
2023
£
£
£
£
£
£
171,698
33,978
205,676
108,925
17,525 126,450
-
530
530
-
968
968		 Unrestricted Restricted
Total
Unrestricted Restricted
Total
Funds
Funds
2024
Funds
Funds
2023
£
£
£
£
£
£
171,698
33,978
205,676
108,925
17,525 126,450
-
530
530
-
968
968		 Unrestricted Restricted
Total
Unrestricted Restricted
Total
Funds
Funds
2024
Funds
Funds
2023
£
£
£
£
£
£
171,698
33,978
205,676
108,925
17,525 126,450
-
530
530
-
968
968
171,698
34,508
206,206
108,925
18,493 127,418
-
2,203
2,203
-
1,088
1,088
171,698
32,305
204,003
108,925
17,405 126,330
116,210
87,794
204,004		 17,406
108,925
126,331

The Trustees (who are also the Directors of SNMH for the purposes of company law) confirm that: 477 of the Companies Act 2006 relating to small companies.

● SNMH was entitled to exemptionfrom audit under section 477 of the Companies Act 2006 ("the Act) , and

● Members have not required SNMH to obtain an audit of its financial statements in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the financial statements have been examined by an Independent Examiner, whose report appears on page 4.

The Trustees acknowledge their responsibilities for ensuring that SNMH keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of SNMH's state of affairs as at the end of the financial year and of its income and expenditure for the financial year, in accordance with the requirements of sections 394,395 and 396 and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to SNMH.

The notes on pages 8 to 10 form an inetgral part of these financial statements.

These financial statements, which have been prepared in accordance with the provisions in the Act relating to small companies, were approved by the Trustees on 17 December 2024 and signed on their behalf by:

I W Scott

Ian W Scott, Chair

7

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

1. Accounting Policies

(a) Basis of Accounts Preparation

The financial statements are prepared under the Historic Cost Convention and in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005) and Accounting Standards and the Charities Act 2011

(b) Incoming

Recognition of incoming resources

These are included in the Statement of Financial Activities (SoFA) when:

Incoming resources with related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.

Grants and donations

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Contractual income and performance related grants

This is only included in the SoFA once the related goods or services have been delivered. Investment income

This is included in the accounts when receivable.

(c) Expenditure and Liabilities

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance costs

Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

Fund accounting

This differentiates between restricted and unrestricted funds. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are those which are to be used in accordance with the specific restrictions imposed by the donors. Expenditure that meets these criteria is charged to the relevant fund.

(d) Assets

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost. Depreciation is provided at rates calculated to write off the cost less estimated residual value, over their expected useful lives.

8

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

2. Income
Unrestricted Funds
Grants / donations
Other Income
Restricted Funds
Big Lottery Fund
Social Prescribing
Mental Health Ambassadors
Military Mindset
Reach Out
Total Grant Income
3. Expenditure
Charitable activities
Direct Costs
Unrestricted
Restricted
Salary Costs (Note 5)
19,982
104,914
Rent & Room Hire
6,160
Subscriptions
976
628
Staff and Volunteers Travel
1,954
5,957
Insurance
1,810
Allocated Support costs( as detailed below)
Total
22,912
119,469
Support Costs
Telephone, Internet & Postage
105
366
Printing, Stationery & Computer Supplies
3,521
10,507
Office Equipment
Legal Fees
656
802
Sundries
2,189
1,386
Staff Training & Recruitment
15,002
Bank Charges
60
Adjustment
Total
6,531
28,063
4. Governance costs
Trustees expenses
Accountancy fee
Independent Examination fee
Total		 2. Income
Unrestricted Funds
Grants / donations
Other Income
Restricted Funds
Big Lottery Fund
Social Prescribing
Mental Health Ambassadors
Military Mindset
Reach Out
Total Grant Income
3. Expenditure
Charitable activities
Direct Costs
Unrestricted
Restricted
Salary Costs (Note 5)
19,982
104,914
Rent & Room Hire
6,160
Subscriptions
976
628
Staff and Volunteers Travel
1,954
5,957
Insurance
1,810
Allocated Support costs( as detailed below)
Total
22,912
119,469
Support Costs
Telephone, Internet & Postage
105
366
Printing, Stationery & Computer Supplies
3,521
10,507
Office Equipment
Legal Fees
656
802
Sundries
2,189
1,386
Staff Training & Recruitment
15,002
Bank Charges
60
Adjustment
Total
6,531
28,063
4. Governance costs
Trustees expenses
Accountancy fee
Independent Examination fee
Total		 2024
6,999
798
100,000
40,083
29,788
10,000
187,668
2024
Total
124,896
6,160
1,604
7,911
1,810
-
142,381
471
14,028
-
1,458
3,575
15,002
60
34,594
2024
298
1320
300
1918		 2023
70,226
2,976
75,450
20,762
169,414
2023
Total
142,133
5,135
1,870
3,132
1,818
16,903
22,912
119,469		 170,991
105
366
3,521
10,507
656
802
2,189
1,386
15,002
60		 1,321
457
-
1,132
13,897
-
72
150
6,531
28,063		 17,029
2023
151
300
451

9

STAFFORDSHIRE NETWORK FOR MENTAL HEALTH YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

5. Staff Costs
2024
2023
Salaries
122,388
142,133
Social Security
(10,618)
(14,155)
Pension
6,253
5,792
118,023
133,770
Employees
The average number of full time equivalent employees
4.8
5.9
The average number of employees
9.0
11.0
No remuneration was paid to trustees during the year. Trustees reimbursed expenses amounted
to £297.90 (2022-23 -£181)
6. Bank and Cash
2024
2023
Petty Cash
0
0
Bank Accounts
205,676
126,450
205,676
126,450
7. Debtors
2024
2023
Prepayments
530
968
8. Creditors
2024
2023
Accruals
2,203
1,128
Creditors due in 1 year
0
0
9. Restricted Funds Movement
Balance
Balance
bought
carried
forward
Income
Spend
Transfer
forward
Big Lottery Fund
17,380
100,000
(85,335)
32,045
Social Prescribing
0
0
Mental Health Ambassadors
0
40,083
(20,332)
19,751
Military Mindset
0
29,788
(21,728)
8,060
Reach Out
0
10,000
(14,354)
-4,354
Lloyds Bank Foundation
0
0
(5,817)
-5,817
17,380
179,871 (147,566)
0
49,685		 5. Staff Costs
2024
2023
Salaries
122,388
142,133
Social Security
(10,618)
(14,155)
Pension
6,253
5,792
118,023
133,770
Employees
The average number of full time equivalent employees
4.8
5.9
The average number of employees
9.0
11.0
No remuneration was paid to trustees during the year. Trustees reimbursed expenses amounted
to £297.90 (2022-23 -£181)
6. Bank and Cash
2024
2023
Petty Cash
0
0
Bank Accounts
205,676
126,450
205,676
126,450
7. Debtors
2024
2023
Prepayments
530
968
8. Creditors
2024
2023
Accruals
2,203
1,128
Creditors due in 1 year
0
0
9. Restricted Funds Movement
Balance
Balance
bought
carried
forward
Income
Spend
Transfer
forward
Big Lottery Fund
17,380
100,000
(85,335)
32,045
Social Prescribing
0
0
Mental Health Ambassadors
0
40,083
(20,332)
19,751
Military Mindset
0
29,788
(21,728)
8,060
Reach Out
0
10,000
(14,354)
-4,354
Lloyds Bank Foundation
0
0
(5,817)
-5,817
17,380
179,871 (147,566)
0
49,685		 5. Staff Costs
2024
2023
Salaries
122,388
142,133
Social Security
(10,618)
(14,155)
Pension
6,253
5,792
118,023
133,770
Employees
The average number of full time equivalent employees
4.8
5.9
The average number of employees
9.0
11.0
No remuneration was paid to trustees during the year. Trustees reimbursed expenses amounted
to £297.90 (2022-23 -£181)
6. Bank and Cash
2024
2023
Petty Cash
0
0
Bank Accounts
205,676
126,450
205,676
126,450
7. Debtors
2024
2023
Prepayments
530
968
8. Creditors
2024
2023
Accruals
2,203
1,128
Creditors due in 1 year
0
0
9. Restricted Funds Movement
Balance
Balance
bought
carried
forward
Income
Spend
Transfer
forward
Big Lottery Fund
17,380
100,000
(85,335)
32,045
Social Prescribing
0
0
Mental Health Ambassadors
0
40,083
(20,332)
19,751
Military Mindset
0
29,788
(21,728)
8,060
Reach Out
0
10,000
(14,354)
-4,354
Lloyds Bank Foundation
0
0
(5,817)
-5,817
17,380
179,871 (147,566)
0
49,685		 5. Staff Costs
2024
2023
Salaries
122,388
142,133
Social Security
(10,618)
(14,155)
Pension
6,253
5,792
118,023
133,770
Employees
The average number of full time equivalent employees
4.8
5.9
The average number of employees
9.0
11.0
No remuneration was paid to trustees during the year. Trustees reimbursed expenses amounted
to £297.90 (2022-23 -£181)
6. Bank and Cash
2024
2023
Petty Cash
0
0
Bank Accounts
205,676
126,450
205,676
126,450
7. Debtors
2024
2023
Prepayments
530
968
8. Creditors
2024
2023
Accruals
2,203
1,128
Creditors due in 1 year
0
0
9. Restricted Funds Movement
Balance
Balance
bought
carried
forward
Income
Spend
Transfer
forward
Big Lottery Fund
17,380
100,000
(85,335)
32,045
Social Prescribing
0
0
Mental Health Ambassadors
0
40,083
(20,332)
19,751
Military Mindset
0
29,788
(21,728)
8,060
Reach Out
0
10,000
(14,354)
-4,354
Lloyds Bank Foundation
0
0
(5,817)
-5,817
17,380
179,871 (147,566)
0
49,685
17,380 179,871 (147,566) 0
49,685

10