**REGISTERED COMPANY NUMBER: 07124743 (England and Wales) REGISTERED CHARITY NUMBER: 1141467** **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2024** **for College of Mental Health Pharmacy** Swindells LLP Chartered Accountants Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 1QL **College of Mental Health Pharmacy** **----- Start of picture text -----**
Contents of the Financial Statements
for the Year Ended 31 March 2024
Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 17
Detailed Statement of Financial Activities 18 to 19
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**College of Mental Health Pharmacy** ## **Report of the Trustees for the Year Ended 31 March 2024** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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). ## **CHARITABLE AIMS** To advance education in the practice of mental health pharmacy and to promote and disseminate research for the public benefit in all aspects of that subject. Each aspect of our work contributes to our charitable aims in some way. For example: - Our Psych 1 and 2 educational courses provide opportunities for professionals to improve their knowledge about mental health conditions and their management - Our research awards celebrate achievements in developing new approaches and practices in mental health pharmacy - Our input into consultations and mental health guidelines directly influences development of best treatment pathways and programmes for people with mental health conditions. - Our work with other organisations helps to improve the public understanding of psychiatric medicines and their use - Our credentialing and re-credentialing pathways encourage professional development and recognises expertise - Our support networks provide opportunities for peer support through our email discussion group and events such as our international conference. CMHP is a community of people who support each other to improve knowledge and understanding in the field of mental health pharmacy, and thereby improve patient care. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** To ensure that people with mental health conditions are receiving the best treatment with medicines according to their individual needs. This means pharmaceuticals must be used appropriately and effectively. ## **ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT** In planning the charity's activities for the year, the trustees complied with the requirements of s17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. Page 1 ## **College of Mental Health Pharmacy** ## **Report of the Trustees for the Year Ended 31 March 2024** ## **ACHIEVEMENT AND PERFORMANCE** ## **Main achievements summary** - Launch of new strategic plan with four golden threads: - Advocate for equality, diversity and inclusion and actively challenge any barriers faced in achieving inclusive practice of mental health pharmacy. - Work to reduce stigma by including the voice of people with lived experience to ensure co-produced practice of mental health pharmacy. - Delivering high quality outputs that ensure CMHP is recognised as the "go to" place for expertise in the practice of mental health pharmacy. - Recognise the impact of climate change as a health emergency and ensure sustainability is considered within the practice of mental health pharmacy. - Virtual delivery of Psych 1 and Psych 2 courses to enable continual education provision and planned the launch of Psych 1 Southern Hemisphere to expand to other countries. - Developed our delivery plan to outline how we will achieve our strategic golden threads - Holding an AGM during our international conference in 2023. - Awarding of Educational Bursaries - Ongoing partnership with Pharmacy Research UK for practice research award in mental health pharmacy - Continuing to offer credentialing and a Foundation Certificate pathway - Continuing to develop joint credentialing processes with the Royal Pharmaceutical Society for planned launch 2024 - Feedback on consultations including those received via NICE, MHRA, RPS and Welsh Government - Regular publishing of our PsychBites newsletter for members with introductions form Council members and information on activity and research - Ongoing development of Social Media channels (Facebook, Twitter, Instagram, LinkedIn) to engage with - members and the public. - Maintaining links with international members e.g. in the Republic of Ireland, Australia and New Zealand - Working in collaboration with other organisations, including APTUK, BAP, CPPE, CPC, NAPICU, NHSE, RPS and RCPsych - Provided media commentary e.g. Pharmaceutical Journal - Best practice and advice continues to be shared amongst members through the e-group. ## **FINANCIAL REVIEW** ## **Financial position** At 31 March 2024 the charitable company had free reserves of £364,729 (2023 - £309,914). The net surplus for the year of £54,815 represents an increase when compared to the previous year's surplus on ongoing activities of £54,068. The increase in net income can mainly be attributed to increase in conferences, and this was due to more exhibitors and delegates. Page 2 **College of Mental Health Pharmacy** ## **Report of the Trustees for the Year Ended 31 March 2024** ## **FINANCIAL REVIEW** ## **Reserves policy** Charitable free reserves are defined as income which becomes available to the charitable company and is to be spent at the trustees' discretion in furtherance of any of the charity's objectives, but which is not yet spent, committed or designated. The free reserves of the charitable company are represented by the accumulation of cash reserves from surpluses of income over expenditure in both the current and past financial years. The charitable company currently has annual running costs of approximately £150,000 that require financing before retaining most of its free reserves for the purposes of financing its future charitable objectives. The level of free reserves is reviewed regularly by the trustees and the charitable company's reserves stance is to maintain accumulated funds at a sufficient level to cover the annual running costs of the charitable company for the foreseeable future with any surpluses used to support future charitable objectives. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The College of Mental Health Pharmacy is a registered charitable company number 1141467, governed by its Memorandum and Articles of Association and incorporated on 23 January 2010. The company was granted charitable status on 15 April 2011. ## **Organisational structure** The charitable company is administered by the trustees comprising of the individuals who are the trustees of the charitable company at any given time, including the first trustees and their successors. In selecting individuals for appointment as trustees, the trustees have regard to the skills, knowledge and experience required for the effective administration of the charitable company. ## **Management** The management of the charitable company is vested in the officers of the College comprising President, Vice President, Immediate Past President, Honorary Treasurer, Honorary Secretary and Registrar who, together with other elected council members, are directors for the purpose of company law and trustees for the purpose of charity law. Page 3 **College of Mental Health Pharmacy** ## **Report of the Trustees for the Year Ended 31 March 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT REFERENCE AND ADMINISTRATIVE DETAILS** Registered Charity Name: College of Mental Health Pharmacy Charity Registration Number: 1141467 Company Registration Number: 07124743 Registered office and principal address: 23 Southway, Burgess Hill, West Sussex RH15 9SY ## **OFFICERS OF THE COLLEGE** The officers, who were all directors and trustees of the charitable company during the year, were as follows: President: Karen Shuker Immediate Past President: Rosalind Gittins Vice President: Nicole Greenhalgh Honorary Treasurer: Tara Gallagher Honorary Secretary: Petra Brown Registrar: Beryl Navti The officers, who are all directors and trustees of the charitable company at the date of approval of these financial statements are as follows: President: Karen Shuker Immediate Past President: Rosalind Gittins Vice President: Nicole Greenhalgh Honorary Treasurer: Tara Gallagher Honorary Secretary: Petra Brown Registrar: Beryl Navti ## **MEMBERS OF THE COLLEGE COUNCIL** The members, who are all directors and trustees of the charitable company at the date of approval of these financial statements, are as follows: Petra Brown - Council Member Rosalind Gittins - Immediate Past President Kiran Hewitt - Council Member Ciara Ni Dhublaing - Council Member Karen Shuker - President Michael Dixon - Council Member Tara Gallagher - Honorary Treasurer Abiola Allison - Council Member Nicola Greenhalgh - Vice President Orla Macdonald - Council Member Yogita Dawda - Council Member Amanda Wheeler - Council Member Katie Evans - Council Member Beryl Navti - Registrar Page 4 **College of Mental Health Pharmacy** ## **Report of the Trustees for the Year Ended 31 March 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Louise Revell - Council Member Jaspreet Sohal - Council Member ## **SUPPORT TEAM OF THE COLLEGE COUNCIL** Wendy Gundry, ASL Consultancy - Executive Assistant and Membership Officer Alan Pollard - Admin Support for Credentialing and Education Events Eleanor Harwood - Communications Consultant ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 07124743 (England and Wales) ## **Registered Charity number** 1141467 ## **Registered office** c/o 23 Southway Burgess Hill West Sussex RH15 9SY ## **Trustees** Mrs R E Gittins Director Ms C Ni Dhublaing Director Mrs Z Patel Director Ms N Sharma Director Ms K Shuker Director M Dixon Mrs T L Gallagher A A M Allinson Miss N L Greenhalgh Professor A J Wheeler Academic Ms Y Dawda Pharmacist Ms O Macdonald Pharmacist Mrs B B Navti Miss K L Evans Miss L Revell Mrs J K Sohal Page 5 **College of Mental Health Pharmacy** ## **Report of the Trustees for the Year Ended 31 March 2024** ## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** Swindells LLP Chartered Accountants Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 1QL ## **OTHER INFORMATION** Website: www.cmhp.org.uk Social Media: Facebook, Twitter and LinkedIn Accounts: Visit College of Mental Health Pharmacy Approved by order of the board of trustees on ............................................. and signed on its behalf by: ................................................................. Ms K Shuker - Trustee Page 6 **Independent Examiner's Report to the Trustees of College of Mental Health Pharmacy** ## **Independent examiner's report to the trustees of College of Mental Health Pharmacy ('the Company')** I report to the charity trustees on my examination of the accounts of the Company 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 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** 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 requirement that the accounts give 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 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. Melanie Richardson BA(Hons) FCA Swindells LLP Chartered Accountants Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 1QL Date: ............................................. Page 7 **College of Mental Health Pharmacy** ## **Statement of Financial Activities for the Year Ended 31 March 2024** **----- Start of picture text -----**
2024 2023
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 35,379 34,779
Charitable activities
Charitable Activities 170,210 157,338
Investment income 3 2,986 500
Total 208,575 192,617
EXPENDITURE ON
Charitable activities
Charitable Activities 121,942 104,816
Support costs 31,818 33,733
Total 153,760 138,549
NET INCOME 54,815 54,068
RECONCILIATION OF FUNDS
Total funds brought forward 309,914 255,846
TOTAL FUNDS CARRIED FORWARD 364,729 309,914
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The notes form part of these financial statements Page 8 **College of Mental Health Pharmacy** ## **Balance Sheet 31 March 2024** **----- Start of picture text -----**
2024 2023
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 11 73 91
CURRENT ASSETS
Debtors 12 22,110 22,555
Cash at bank 367,291 307,207
389,401 329,762
CREDITORS
Amounts falling due within one year 13 (24,745) (19,939)
NET CURRENT ASSETS 364,656 309,823
TOTAL ASSETS LESS CURRENT LIABILITIES 364,729 309,914
NET ASSETS 364,729 309,914
FUNDS 14
Unrestricted funds 364,729 309,914
TOTAL FUNDS 364,729 309,914
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 9 ## **College of Mental Health Pharmacy** ## **Balance Sheet - continued 31 March 2024** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. K Shuker - Trustee ............................................. T L Gallagher - Trustee The notes form part of these financial statements Page 10 **College of Mental Health Pharmacy** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **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 presentation currency in the financial statements is the Pound Sterling (£). The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **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. Membership subscriptions which give a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities otherwise as donations. Income from interest royalties and dividends are included in the financial statements when the receipt is probable and the amount receivable 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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 20% on reducing balance ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. continued... Page 11 **College of Mental Health Pharmacy** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **1. ACCOUNTING POLICIES - continued** ## **Fund accounting** Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **Deferred income** Deferred income has been recognised in regards to training events and study day fees received in advance. ## **Going concern** The trustees have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern. At the time of approving the financial statements the trustees believe that all appropriate measures have been or will be taken to ensure that the charitable company will be able to continue its operations for at least the next 12 months and thus conclude that the going concern basis remains appropriate. ## **2. DONATIONS AND LEGACIES** 2024 2023 £ £ Membership subscriptions 35,379 34,779 **----- Start of picture text -----**
INVESTMENT INCOME
2024 2023
£ £
Deposit account interest 2,986 500
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## **3. INVESTMENT INCOME** continued... Page 12 **College of Mental Health Pharmacy** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **4. SUPPORT COSTS** **----- Start of picture text -----**
Governance
Management Finance costs Totals
£ £ £ £
Charitable Activities 1,221 - - 1,221
Support costs 29,007 181 2,630 31,818
30,228 181 2,630 33,039
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Governance costs include £2,630 (2023 - £2,604) payable to the independent examiner for examination of the accounts. ## **5. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): **----- Start of picture text -----**
2024 2023
£ £
Depreciation - owned assets 18 23
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## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **Trustees' expenses** Travel, subsistence and accommodation expenses paid to the trustees in respect of attending committee meetings during the reporting period amounted to £4,952 (2023 - £3,317). ## **7. EMPLOYEE NUMBERS** There were no employees in the current year or the previous year. continued... Page 13 **College of Mental Health Pharmacy** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** **----- Start of picture text -----**
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 34,779
Charitable activities
Charitable Activities 157,338
Investment income 500
Total 192,617
EXPENDITURE ON
Charitable activities
Charitable Activities 104,816
Support costs 33,733
Total 138,549
NET INCOME 54,068
RECONCILIATION OF FUNDS
Total funds brought forward 255,846
TOTAL FUNDS CARRIED FORWARD 309,914
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## **9. COMPANY LIMITED BY GUARANTEE** The company is limited by guarantee with the liability of its members limited to £1 being the amount each member is required to contribute towards any outstanding debts and liabilities upon the winding up of the company. continued... Page 14 **College of Mental Health Pharmacy** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **10. CHARITABLE STATUS** The company was granted charitable status by the charity commission of 15 April 2011, under registration number 1141467. ## **11. TANGIBLE FIXED ASSETS** |Computer
equipment
£
**COST**
At 1 April 2023 and 31 March 2024
5,006| |---| |**DEPRECIATION**
At 1 April 2023
4,915
Charge for year
18| |At 31 March 2024
4,933| |**NET BOOK VALUE**
At 31 March 2024
73| |At 31 March 2023
91| ## **12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade debtors
Other debtors
Prepayments and accrued income|2024
£
18,980
2,326
804
22,110|2023
£
22,025
-
530
22,555| |---|---|---| continued... Page 15 ## **College of Mental Health Pharmacy** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** **----- Start of picture text -----**
2024 2023
£ £
Other creditors 1,445 -
Accruals and deferred income 23,300 19,939
24,745 19,939
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Deferred income of £18,800 (2023 - £14,740) included in creditors relates to training events, study days, membership fees, and commission received in advance. ## **14. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.23
£
309,914
309,914|Net
movement
in funds
£
54,815
54,815|At
31.3.24
£
364,729
364,729| |---|---|---|---| Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
208,575
208,575
At 1.4.22
£
255,846
255,846|Resources
Movement
expended
in funds
£
£
(153,760)
54,815
(153,760)
54,815
Net
movement
At
in funds
31.3.23
£
£
54,068
309,914
54,068
309,914| |---|---|---| continued... Page 16 ## **College of Mental Health Pharmacy** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **14. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
192,617
192,617|Resources
Movement
expended
in funds
£
£
(138,549)
54,068
(138,549)
54,068| |---|---|---| ## **15. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **16. ULTIMATE CONTROLLING PARTY** The company is under the ultimate control of its members comprising the memberships of its two former unincorporated organisations, the United Kingdom Psychiatric Pharmacy Group and the College of Mental Health Pharmacists. Page 17 **College of Mental Health Pharmacy** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** **----- Start of picture text -----**
2024 2023
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Membership subscriptions 35,379 34,779
Investment income
Deposit account interest 2,986 500
Charitable activities
Conference sponsorship and delegate fees 84,379 54,362
Training events and study day fees 70,055 67,701
Corporate partnership scheme 10,000 30,000
Credentialing 3,276 2,775
Commission received 2,500 2,500
170,210 157,338
Total incoming resources 208,575 192,617
EXPENDITURE
Charitable activities
Conference costs 81,633 71,457
Training and study day costs 21,663 13,115
Educational bursaries and awards 8,440 11,856
Committee expenses 8,685 6,743
Credentialing costs 300 525
Review costs - 1,120
120,721 104,816
Support costs
Management
Insurance 715 2,292
IT and website maintenance 1,221 2,176
Bookkeeping 3,000 3,000
Consultancy fees 11,002 10,800
Administration 13,205 11,629
Paypal charges 1,067 1,074
Depreciation of tangible and heritage
assets 18 23
30,228 30,994
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This page does not form part of the statutory financial statements Page 18 **College of Mental Health Pharmacy** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** **----- Start of picture text -----**
2024 2023
£ £
Management
Finance
Bank charges 181 129
Governance costs
Accountancy fees 2,630 2,610
Total resources expended 153,760 138,549
Net income 54,815 54,068
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