Company Registration No. 07797133 (England and Wales) Charity No. 1150126 Spring North Ltd Company Limited by Guarantee Trustees, Report and Financial Statements For the Year Ended 31 March 2022 *A8JS7W6Q' 2e41212022 COMPANIES HOUSE #279 MOORE & SMALLEY SPRING NORTH LTD CONTENTS YEAR ENDED 31 PAARCH 2022 Page Reference and adminislralion details Trustees, Annual Report Independent Auditors, Report to the Trustees Slalement of Financial A¢￿VitieS 14 Balance sheel 15 C8sh llow statement 16 Notes to th8 finan(ial statements 17 SPRING NORTH LTD CHARITY REFERENCE AND ADMINISTRATION DETAILS YEAR ENDED 31 MARCH 2022 Reglstered Charity Name SpriNJ North Ltd Charity ReglstratEon Nurnber 1150126 Company Registration Number 07797133 Registered Office 1 Exchange Street Room 103 Blackburn Lancashire BB1 7JN Auditor MHA Moore and Smalley Chartered Accountants & Ststutory Audilor Richard House 9 Winckley Square Preston PR1 3HP Key Management Personnel Mrs A Allen (Chief Officer) SPRING NORTH LTD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2022 The trustees. who are also direclors of the charity for the purposes of the COmpan￿S Act 2006, present their report and the audited accounts for the yeaT ended 31 March 2022. Spring North The Charity Changed its name from Famil￿$ Health and Well Being Consortium to Spring North in November 2019. The new name. kjgo. vision and values were 18un¢hed in Novernber 2019. Structure. govwnance and managtment The charity is a company limited by guarantee. It is managed by a board of experienc*d truslees which is responsible for ensuTrng the financial stability of the charsty and woviding advice on policy and iesource rnanagervent. The company was Incor￿)rated on 4 October 2011 and was registered with the Charities Commission on 11 December 2012. The trustees who served the cA)mpany during the year were as follows: A 8arrass S Collon D Edmundson S Swindley A Leather K M¢Gee L Tapner C Bennett A Greenwood L Baxler An invitation lo join the Board is sent c&rt with the AGM papers wor to the meeiing. Nominations are received and voted on al the AGM by members. As part of the induction and training programme. new Board members are required to.. Meel the description outlined in the role of direclors Comply with the prctess for eleclion of directors Agree with the Code of condl￿1 Register any conflicts of inlerest and ￿1￿CtOrS. inte￿stS Complete a skills audit to identify streNJths and Wenlial skills gaps All of the aLK)ve are outlined in the Spring North Director5 Manual 2016_ None of the trustees have any beneficial interest in the cornpany. Overall management of ihe charTty is Ihe ￿Sponsibl[lfy of the Iwstees who are elected and Co-opted under the lerffls of the Memorandurn of Articles of Assouation. Day lo day project actiwty is carried out by the Chief Officer of Spring North and slaff. The Board of Trustees have delegaled responsibility to the Sub-finan￿ Committee for recommending p8y and remuneration and establishing benGhmarks and parameters used to set pay scales and wage increases for key management personnel. Overdll responsibility lies ￿￿th tt* Board members. SPRING NORTH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2022 Objectives and activities Spring North is a member-based charity - comprising 130 independent VCFSE organisalions from across Lancashire. Our aim is to support these organisab.ons to provide wellbeing for all across the geography through c(Alaboration and partnership working. We aim to do this by redesigning support and servI￿S lo reflecl the changing landscape of hearth and social care. addressin9 disadvantage. reducing inequalities and improving the resilience of local people. Through collaboratsons and innovation. we will achieve impact. Our va5ues Dynamic- Spring North is the drrwing fi)rce lo improve heamh and wellbeing in our communities Caring- We support all our members and communities with care and eA)nsideration Influential- We are a Vol￿ wthin ourcommunities that will change lives throLFgh commitment and passi Trusted- We are respected, reccgnized and accountsble to our members and stskeholders We have a slrong track record of conlract management & sub-contract delivery and the feedback frc commissioners, funders and delivery partners has consistently been good over the 11 years of our formatson. Spring North has in place an agreed process forsub-contracting whth all¢)ws for intemal competition for delivery of work where appropriate - all members are signèd up to these a￿al￿ents. Spring North provides 8 single point of contract for commissioners and ensures the followng.. ration The collaborative approach to planning and delivery allows for integrated SUPFQrt to be rdled out across L8ncashire. Sub-eontTacted organisations rewt drecuy to Spring North using an agreed format- which are then consolidated into a single report for the funder. aualit All member organisalions a￿ requ￿ed to evidence a quality knle•mark as a pre-requisite for membership. Quality of wovision is monitored through regular meetings wilh our membership and the service users. Com liance Sub-contracled organisalions are required to svJn an agreement with Spring North outlining their obligations in terms of Service delivery and financial monitoring. These are monito￿d on a quarterty basis. Ac untsbili Systems and processes for reKKJrting and monitoring are agreed wilh the sub-contra¢ting organisalion and Spring North. Accountabilily for Ihe delivery of work lies within the delivery partnership but rests fimily with Spring North as the contract holder. Performance Agreed performanc£ measures are funders at the outset of the contracts and monito￿d on quarterly basis. Efficienc Through re-alignment of seNice provision. better collaboration and asset building, the Spring North model reduces duplication of servi¢es, ensures an ￿d-tL￿end supwrt Serv￿ for the tsrget groups 8nd a personlfamily focused approach to roll-out. Regular consultstKJn with seNce users is an integral part of the work undertaken. SPRING NORTH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2022 Who we are: Spring North is a member based charilable company - established and incorporatsd as a company in October 2011 and registered a5-a chanty in December 2012 and renamed and relaunched in November 2019. The organisats.ons that make up Spring North are drawn from the VCFS across Lancashire. The trustees (who are also the Board ol Directors of the company) are elected annually by the membership and are nominated by the member organisalions themselves. There is also a minimum of two independent non-exe(JJtive direclors. one of whom undertakes the role of Chair. How do wè mèet our vision and values? Provide a Structu￿ to support partne￿hiP and multi-agency working across our members in order lo deliver commissioned and granl funded services throughout Lancashire and the North West Ensu￿ the provision of effectNe. quality-assured servKe delivery to individuals. families and communilies. tendering for cortracts and fvndirg on behalf of members Manage contracts and tender5 arKI monTrtor outputs and outcornes Provide a Sing￿ point of contsct f(* t￿MIssIOnerS and funders Ur¥Jertake both general and specific research to identsfy the needs of local communities and determine appropriate solulions Provide business support and training to member organisations thal builds their Capacity and increases th*r effectiveness to meet the needs of their beneficiar Provide networking opportunities and regular meetiThJs with, and for. members and other $18keholders lo encourage collab¢xation and strategic workirvJ Share best Pract￿ ar￿* enatAe ovr members to provide innov8tive solutwis to meet local need Facilitate u)mrnunicab"on between the member organisations and other stakehoLders Gather and share data - prxjling kno¥￿edge arKJ expertise to build cap3(xty in the sector, ensure resilience and rèducA duplicatKJn ￿ provision Provide regular opportunities for ￿￿rnber organisations lo engage with the broader agenda of Health and Wellbeing transformation Why a ¢onsortium approach? To enable members lo.%wrk together in order to apply for tenders and grants that requi￿ a range of skills and expertise not found vAthin a single agency To create clusters of expertise and support for organisations to draw on. whether they offer a Spe￿alist or generalist seNice To develop synergy and added social value by working together - our services delivered across the whole spectrum of health and social care to all ages and backgrounds To provide a system infomation sharing- a￿esS to research findings. Safe Systems 8nd protocols to promote safeguarding and prote¢l Client confidentiality To be used as a vehicle lor inlluence through the sue and scope of ils membership To reach a geography through {￿r network of local member organisations - enabling us lo provide service delivery across the whcde of Lancashire and the North Wesl. touching thousands of lives To offer dNersity of seNice provisKJn through members. giving greater scope for innovation To maximi2e the breadth of knowledge. skills and experience ccffltained within the member organisations and their beneficiaries SPRING NORTH LTD TRU5TEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2022 Why a consortiurn approach? {contlnuedl To afford opportunities to creale eff￿lencY savings through the prowsion of infrastructure support for all members e.g., payroll, HR. workforce development and to broker services. To facililate cohesive service delivery and encourage more partnership funding bids To provide a plalfomi for accountability and credibility through Ihe provision of quality assured service delivery (through membership criteria and annual reviews) What do we offer? Spring North offers support lo rts member organisations to deliver - collatrK>ratively - a range of interventions In order to improve emotional. mental and ph￿C81 health across the lrfe course and across communrties. Who do we support? Ullimalely the work of Spring North benefits children. families arKI aduts of all ages in the lo￿[ communities in L8n¢ashire and the North West. Through the lake-up of both specialist and generalist service5 provided by membe￿. we are engaging with vulnerable people. 8s5essing their needs {especi8lly physical and emotional heatth needs) and providin9 them, through our mefflber organisations. with advice, guidance and support in accordance with these. Delivery of provision is tsking place in some of the most deprived local C￿lMunItieS with a focus on vulnerable residents within those communities includin9- The long-temi unemployed Lone parents Carers and their families Victims of domestic violence People requiring long term care People wth disabilib"e5 People wth mentsl health needs The homeless Offenders and ex-offenders Young peop￿. induding those not in education. employmènt or training INEET) Older people Minority elhnic groups People affected by substance misuse The Board of Trustees have paid due ￿gard to guidance issued by the Charity Commission on public benefil in deciding what activities the Charity sh￿Id undertake. SPRING NORTH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2022 Achievements and p¢rforniance As with every business. charity, commkjnity. family and individual, the past 12 months have presented a challenge to us all. Our business strategy- predicated mainly on slrong relationships and collaboration- was contested from the outset of Covid and the restrictions put up)n us all. However, the organisation reacled quickly and positively lo the new regime of iequirements and on-line meetings. dKJital communication arml working from home became the new normal. For many VCFSE organisations operaling nationally anij locally the pandemic has had 8 signrficanl financial impact their viability. Spring North recognised th4$ to be a particular threat to some of our members Organisations. In response the 8oard agreed to shift the crrteria for the small grants programme to Support Ihose organisalions who were themselves at the frontline in supporting their local communilies This year a lar9e number of national fundirwJ oppTh1unities and local commissK)ning opportunities have either been put on hold or redirected to support the local response to Covid. Despile this. Spring North has maintained its annual income level from the previous year. Whilsl some commis5ion5 were concluded during the last accounting period (contracts ending rather than being terminated) the organisation has been suc￿sSful in securing a number of other contracts including NHS England Hearth and Wellbeing Grani funding. and local commissions with our Health. Justice and Local Authority partners. Membership of Spring North continues to grow and in tem)s of sub-contracts we have contracted with 48 member organisations wthin this finanaal period. Seryice Income funding has ena￿ed us to provbde a comprehensive business support offer to our member organisalions and enable access to a broad-range training package. This year we ran 54 courses with an average attendance of 12 persons per se55ion. 33 of our member organisations partiupated in these courses. Spring North is Currently engaged with and represented on key strategic boards across the Integraled Care System geography ILan¢ashire and South Cumbrial. as well as County-wtje. Pennine Lancashire and 8wD groups. These include the ICS Partnership Forum. ICS VCFSE Aliance. the Pennine Lancashire Communty Safety Tactical Leads Group, Ihe BWD Health anl Well-Being Board and the local Chil(Jren's Partnership Board. Spring North continues to support the Pennine Laneashire VCF Leadership group- a key vehicle through which genuine consultation with the sector ean take place. The Chief Executive of Spring North was thè elected chair of this group in 2021 and she. wrth other charrs of the ICP VCF Groups. compnse the membership of the above- mentioned Alliance_ During Ihis financial year. the Consortium has managed the following contracls.. 1. Coordinated Substance Misuse Recovery Orientated Volunteering project subcontracted to Community CVS to deliver Volunteenng to those in recovery. and pathways for training and vdunteering follo1￿n9 recovery. induding peer SUPE￿ and mentoring. 2. Community Ambassador5 FundirvJ from BlaGkburn wth DaTh*n Borough Council in April 2021 until March 2022. to train and support 80 Champions for 8 12 week period to Value integration and set up thal social action projects oftheir own which aim to In¢￿aSe community u>nne¢tivity and improve cohesion. Partners sul￿n1raCted to on this worf( included Bla¢Jtbum Rovers Community Tmst and Care Network. 3. Covld Community Champions Commission from Blackburn wf(h DaN￿n Borough Counul from May 2021 until SeptÈmt*r 2021, to upskill members of Ihe local workfcvce and comrnunities lo share publi¢ health messages around Covid infectioii control, dispel myths around the pandemic. and the vaccine. whilst infomiing Itxal systems of the feelings and feed back locally to ensure barriers were reduced, tskeup for vac¢inatKJns in¢￿ased and transmission levels reduced. Funding was distribuled to IMO Charrty. One Voice Blackburn. YMCA Blackburn, Lancashire Council of Mosques and Youth Action. SPRING NORTH LTD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2022 4. Eating Disorders Intervention Support Funding through LSCFT to inuease local capaaty of counselling support in an alm of reduclng numbers of young people classed as non-urgent. but remaining on a lengthy waiting list with signs of eating disorder traits. Funding commenced in October 2021 and ended March 2022. Partners included CANW, New Era Enterprises, Serenity Seffcare. Key Unlothng Futures and Homes for Humanity. 5. Genetics Project BWD Commission from BWD Public Heamh Oct 2013 - March 2021. To improve knowledge and understanding of genelic condrtions affecting children where consanguineous marriages. completed in November 2021. 6. Holiday Activitiès & Food Fund- Blackbum with Darwen Comrntssion from 81ackbum with DaNen Borough Council. Commenced April 2021 8nd ended in January 2022. Targeted delivery to engaoe children and young people from VUlnera￿e families on Free school meals. The borough wide programme was coordinated by Spring North. wth delivery sub-contracted to Blackburn Rovers Community Trust, Blackbum Youthzone. IMO Charity, One Voice Blackburn, Newground Together, Youth Action. Blathbum with Darwen B¢Yough Courril divisKJns'. Childrens Centres Iyoung people's setvices I Seeds Adolescent supp￿ Unit. 7. Holiday A¢tivitie$ & Food Fund - Preston Commission from Lancashire County ¢ountil. Commenced July 2021 and ended in January 2022. Targeted delivery to engage children and young people from vulnerable families on Freè s¢hwl meals. The county wide programme was coordinated by Spring North. wth delivery sUb-c￿nIr8Cted to P￿StOn North End Cornmunity and Education Trust. Preston united. Fishwick Rangers Youth development scheme, Discovery Vine. Community Fulures. Krazy Kingdom (Flipout Preston and Giddy Kids playcentre) Lancashire and Regional Dietary Education Resource. The Foxton Centre. Gujerati Sunni Muslim Soaety and JJ Effect CIC. 8. Klckstart Gateway Provider Funding frorn the Department for Work and pensions from June 2021. due to end in 2022123 financial year. Spring North facAlitated apprenticeship funding and promded training support for the Ktckstsrt scheme lo severa1 providers auoss Lan¢ashire Incjuding Trust House. Derian Homestsrt in E8s1 Lancashire. Homestsrt Blackpool. Fylde & Wyre. Carestation North West. Rummage Rescuers. Hozett CIC. Hullo. CANWe Solutions CIC. HARV DA. Smile Mediation. Healthwalch Blad(bum. Age UK BWD. PAC and Building for Humanity. 9. Healthy Child Programme Suiwnlract from LCFT (commissioned from 8wD PHI A￿1 2017 March 2022. To provide supwrt for families of chIld￿n under 5, emotional health arKJ wellbeing support for teenage young pe￿Ie 3nd improving access to health seryices linduding the Everybody Centre). Parfners for this project - Brook Young People. and Homestart BWD. 10. Pause for Thought Commission from Blackbum with Danven Borough ￿￿nCIl February 2021 until November 2021. The work carried out induded providing a [￿graMMe of training aimed at prO￿ding young people with possible behavioural issues with a toolkit of skills to enable Ihern to make wiser choices and reduce nuisance behaviour they rray be involved in or at risk of becoming a part of. Partners for this project included Blackbum Youthzone. PAC, New Era and Child Action North West. 11. Pennine Lancashire VCF Leadeyship Group Funding from ELHT. April 2018 - March 2022. To Ffovide the administrative duties to manage thi8 group. 12. Rough Sleeper Inltlative.. Rapid re-housing Project Funding support faulitate(I by BWD Borough Council to accelerate support and safe accommodation for at- risk 8nd homeless people. Delivery is subcontracted to CANWe Solutions CIC and Lancashire Women. Thls contract has a final extensffi into 2022-23 TRUSTEES, ANNUAL REPORT SPRING NORTH LTD YEAR ENDED 31 MARCH 2022 13. Feeding Future Generations Funding from Sustain Food pK)wer. Aiming to support vulnerable expectant Mums with wellbeing and nutrition support and advice. and regular food parcels during the pandemic. Various partTiers from BWDBC and Blackburn Foodbank involved in Ihe faulitation for this. 14. Stop Loan Sharks Funding from Birmingham Cty Council lo r8ise 8W8reness of k)an sharks antl effects of vulnerable families through community activrty. 15. Perinatal Menlal Health 511PPQrt Funding from Lancashire and South Cumbria FoundatK)n Trusl to scope mental health support on offer across Pennine Lancashire for perinatal women. Homestart organization across the area engaged in this work wilh us. 16. VCSE Hoalth & Wèllbeing Funding FLEnding from NHS England in October 2021 until March 2022. to train and support 150 local community champions across Lancashire and South Cumbria lo share key information around respir810ry infections in young children to ensure Ihose at risk. or suffering wilh the illness could be direcled to the correct support and palhways. both to ensure they gol the correct aw8reness raising, care and advice, and also reduce attendance at critical care cerhtreslA&E vthen non-urgent. Partners engaging wth this work included Homestart network in Lancashire. the Voluniary teth￿$ in Lar)cashire and Soulh Cumbria, New Er8 enterprises and One Voice Blackbum. 17. Active through Football Fund from Thè FcK)tball Foundatson to develop consultation wDrk around a pilot projecl aimed at increasing sport take-up wthin communrties. Various local partners such as BRCTrust. CANW, One Voice Blackburn, Newground and IMO Charity are involved in this work have been supporting this work wlh focus groupslconsultation and engagement. Financial review During the year ended 31 March 2022 the charity received tolal incoming resouTces of £1,604.052. Costs of £1.560.498 were incurred in connection wtlh the delivery of these projects and core administration. resulting in a surplus of £43.554. The costs incxjrred during the year induded grants awarded to members of £6,000. Reserves policy" At 31 March 2022 the charity held total funds of £250.477. all of which were unrestricted in nature. The Trustees originally set a policy of aiming to accumulate unrestricted funds which have not been design8ted for a specific use which are equivalent to six months. of ujre runnsng expendrture_ The tnjstees consider that resetves at thi5 level woukl ensu￿ that. irrespects.ve of future funding they would be able to continue the charity's current aclivitses and ￿Ver Core salaries while Considerat￿n is given to ways in which additKsnal funds may be raised. Core running expendjture for the year ended 31 Marth 2022 amounte(I to £276.025 (total expenditure of £1.560,498. less paymenls to Servi￿ providers of £1.239.195. less member training costs of £39,278, less small grants of £6.000)- As at 31 March 2022 the level of free general reserves was £250,477 which is in excess of six months, of core njnning expenditure. However the trustees have re-visited the reserves policy and have decided thal it is appropriate to maintain a hKJher level of reserves al the present time. in IvJht of the current ¢ir¢umstances arising from the Covid 19 pandemic. and possible fiJture staffing plans. SPRING NORTH LTD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2022 Rl$k management The main risks f8cino Spring North inclu¢Je- 1. Risk Changes to kJ¢al and ￿gIonal commissioning through re4Jesign of health and social care through the Healthier Lancashire Integraled ca￿ System. rin North res nse - The organisation ha5 been involved via representation on the programme board and is well positioned to benefit from the investment in the VCF sector once the system transformali¢M land assochated funding) ha5 been approved. 2. Risk - Attracting new and additional funding North ￿S onse Recruitment of Business Development Manager Developing new partnerships to prov4de innovaiive project proposals for ftjture investmenl. 3. Risk- Maintaining adequate funding to surfx)rt the o)re costs of the organisalion rin North res onse - Management Cosls are agreed for each funding applicats.on by the relevant partnership al the outset of the commissionllenderlproject and are mainlained at an appropriate level lo support costs for the lrfetime of the project. 4. Risk - Loss of main contracts and asswi8ted repulalional damage - against escalation of need and vulnerability in communities rin North Res nse - Sustainability slralegy in place to secure future funding. engagement with key partners and transparency on delivery perfomance. System transfomiation plans wlh partners to improve community resilience. 5. Risk - The impact of Covid 19 on the orgarisation and its members rin North Res nse - The imp3cI of Covid 19 on the organ￿atiOn 8nd its members is under current and thntinuous review and Spring North have 8pplied for additional funding to m8int8in its viabilty and sustainability for its members. The major risks to which the charity is exposed have been reviewed and adequate systems and procedures have been established to manage such risks. Fundralslng We have considered the ￿qUIreMents of the Chariknes {Protection and Social Investment) Act 2016 regarding disclosures conceming fundraising and fiJndrai&ThJ stan(Jards and confim) that these do not apply to the charity- Plans for future periods Spfing North will continue to seek ftjnding lo deliver seNices across Lancashire through cnntracts, tenders and grant funding. We will encourage new member Ofganisations {both associate and fu111 and will deliver activity according to our objectives. We will provide support to those members through infomiation sharing on good practice, training and learning opportunities. We wll ensure that all delivery, support. advice and gu>dan¢e provided by Spring North is undefpinned by quality assured standards. We will work closely with stakeholders and Commissioners to ensure future delivery of activities al￿nS wth local and national strategy. We will seek lo diversfy income sources lo ensure future suslainability. We will work with other infra•Struciure organisalions to map funding opporiunities. design innovalNe services and deliver worthwhile intervent￿nS which wll not duplicate current provision. SPRING NORTH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 PAARCH 2022 Trustees. re$ponsibllities statement The trustees (who are also the directors of Spring North for the purErf)ses of company lawl are responsible for preparing the Trustees. Annual Report and the finaniial ststements in ae¢ordance wlh applicable law and United Kingdom Accounting Standards {UnileO Kingdom Generdlly Accepled Acujunting Practice}. Company law requires the trustees to prepare financial ststements for each financial year. Under company law the trustees musl not approve the financial statements unless they are sats"sfied that they give a true and fair view of the state of affairs of the tharitable company an¢J of the incoming resources and application of resources, including the income and expenditure. of the charitable company fc* that perio(l. In preparing these financial slalements. the Irustees are required to= select suitable accounting polioes and then apply them (x)nsistently. observe the methods and prin￿￿e5 in the Charities SORP 2019 {FRS 102}. make judgements and 8CLX)untiro estimates th8t are reasonable and prudent. state whether applicable UK Accwnts"ng Standards have been followed, subject to any rnalerial departures disdosed and explained in the financial ststements. and prepare the financial statements on the going concem basis unle&% it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records ihal disclose wlh reasonable accuracy al any time the financial position of the ¢haritable company and enable them to ensure that the financial statements comply with Ihe Companies Act 2006. They are also ￿SponSible for safeguarding the assets of the charitable company and hence for taking ￿asonable steps f￿ the p￿venti(￿ and detection of fraud and other irregularities. In so far as the trustees are aware= Ihere is no relevant audil informatin of which the charitabje companvs auditor is unaware-. and the trustees have tsken all steps that they ￿ght to have taken to make themselve5 aware of any relevant 8udit information and to estsblish that the auditor 15 awa￿ of that information Auditor MHA Moore and Smalley is deemed lo be re-appointed under section 487{21 of the Companies Act 2006. Signed by order of the trustees L Tapner Trustee Dale.. 0611212022 -10- SPRING NORTH LTD INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Opinion We have audited the financial statements of Spring North Ltd (the 'chantable c￿Mpany'1 for the year ended 31 March 2022 which comprise the Statement of Finanaal ActNlties. the Balance Sheet, the Cash Flow Statement and notes to the financial slatements, includirKJ sKJnifunt accounting policies. The financial repo￿.ng framework thal has been applied in their preparation is appluble law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standafd applicable in the UK and Republic of Ireland (United Kingdorn Generalty Accepted Acc(yJntiThJ Practice). In our opinKJn the financial statements.. give a Iwe and fair wew of the sLgie of the charilable company's affaws as at 31 March 2022. an¢J of it's incoming resources and ap￿ICatIon of resources. including its income and expenditure. for the year then ended- have been property prepared in accordance %wth United Kingdom Generally Accepted Accounting Practice.. arKI have been prepared in accordance viith the requirements of the Companies Act 2006. Basis for opinion WÈ conducied ￿r atjdit in accordance with Intemational Standards on AU￿￿"ng {UKI IISAS {UK)l and 8ppIic8b law. Our responsibilities Ljnder those standards are further descrited in the Auditorfs responsibiif(ies for the audit of the financial statements section of our fepcwt. We are independent of the charilable company in accordan with the ethical requirements that are relevant to our audit of the financial statements in ihe UK. including the FRC'S Ethical Standard. and we have fu5filled our other ethical responsibilities in accordance with these requirements. We believe that the audil ewdence we have obtained is suffTraent and appropriate to provide a basis for our opin￿n. Conclusions relating to going concèrn In audibng the financral statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any malerial uncertainties relating to events or conditions that, individually or colleclively. may cast significant doubt on the charitable company's ability to continue as 8 going COn￿rn for a period of at least tsvelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern a￿ described in the relevant sections of this ￿pOrt. Other information The other infomiation compwises the infomation included in the trustee's annual report, other than the fin8ncial statements and our auditor's report thereon. The tTUStees are responsible for the other infomiation contained wthin the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent othetwse explicitty in our report. WÈ do not express any fom) of assur8nce ¢ondusion the￿On. Our responsibility is to read the other infomi3tion and, in doing so, consider whether the othèr information is materially inconsistent with the finanual statements. or our knowledge obtained in the Coutse of the audit or otherwise appears to bè materially misstated_ If we identify such material inconsistencAes or apparent material misstatements. we are required to determine whether this gNes rise to a material misststement in the financial statements thernSe￿es. If, based (M) the work we have perfomed, we conclude that there is a material misstatement of this other infomation, we are required to ￿port that fact. SPRING NORTH LTD INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 We have nothing to report in this ￿gard. Opinions ¢)n other matters prescr•bed by thè Companie5 A¢t 2006 In our opin￿n, based on the woth undertaken in the cOu￿e of the audil.. the information given in the trustees, rew)rt for the financial year for whKh the financial statements are prepared is consislent wlh Ihe financial statements.. 8ThJ the trustees. report has been prepared in aco)rdance with applicable legal requirements. Mattèrs on which we are r¢quir*d to report by excepti¢)n In the light of our knowledge and understanding of the charitsble company and ils environment obtained in the c(KJrse of the audit. we have not identified material Misstaterr￿ts in trustees, repo We have nothin9 to report in respect ofthe follo￿ThJ matters in relat￿ to vthich the Companies Act 2006 requi￿$ us lo report to you if, in our opinioA'. adequale aecounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us.. or the financial slaiements are not in agreement wth the acc￿nting recjyds arbd ￿tUrns.. or cErtain disdosures of directors. remunerat￿ specified by law are not made." or we have not received all the informalion and explanatiorts we require for our audit.. or Ihe trustees were not entitled lo prepare the finanaal statements in accordance with the small companies. ￿girne and take wjvantsge ofihe small companie5, exemption in prEparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of tW5tees As explained rnore fully in the trustees. responsibrbties statement set OLrt on page 10. the trustees (who are also the directors of the ¢haritsble company for the PLJrposÈs of company law} are responsitje for the preparation of the financial $18lemenls an(J for being satisfierl that they grve 8 true and fair view, and for such intemal control as the trustees detemiine is necessary to enable the preparabon of financial stalements that are free from material misststemenl, whether due to fraud or err¢y. In preparing the financial slalements. the trustees a￿ responsible for assessing the charitable company's ability to continue as a going concem. disclosing. as appli¢able. rn8tters related 10 90ing wncern and using the going con￿rn basis of 8¢counling unless the trustees erther intend to liquidate the ch8ritsble company or to cease operations. or have no realistic altemalive but lo do so. Audltor's responsibilities for the audit of the financial staternents Our objectives are to obtsin reasonable assurance aboth whether the financial ststements as a whole are free from material misstslemenl. whelher due ￿ fraud or error. and to issue an audilor's report that includes our opinion. Reasonable assurance is 8 high level of assuran￿ but is not a guarantee that an audit conducted in accordance wlh ISAS {UKI will ahvays detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate. they could reasonably be expected to influence the economic decis+ons of users taken on the basis of Ihese financia5 statements. Irregularities. induding fraud. are instances of non-compliance with law5 and regulations. We design procedures in line wth our responsibilities. outlined above, to detect material misststements in respect of irregularities, including fraLKI. -12- SPRING NORTH LTD INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 The specific procedures for this engagement and the extent to which these are capable of detecting irregulafities, including fraud is detailed below: Obtaining an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on those laws and regulations Ihat have had a direct effect on the finanaal slalements. The key laws and regulations we considered in this contexi relate to the Charilies Act. In addition, we consider compliance with employee legislation, a5 fundamental to the Charity's operation5" Discussions wth management. induding considerathjn of known or suspected instances of non- compliance wth laws and regulakn.ons and fraud: Enquiry of management and those charged wilh governan￿ around actual and potential lrtigation and claims-, Performing audit work over the risk of management override of controls. including testing ofjournal entries and other adjustmenls for approprialeness. evaluating the business rationale of S￿nIfICant transact¢ons outside the nomial course of ￿sInesS and reviewng accounting estimates for bias". Reviewing minutes of meetings of those charged wth goveman¢e- and Reviewing finanaal statement disdosures a￿1 testbng to supporting documentation to assess compliance with applicable laws and ￿gUlatiOns. Because of the inherent limitations of an audit. there is a risk that we will not detect 311 irregularities. induding those leading to a material misststemenl in ihe financial stslemenls or non-compliance with regulation. This risk increases the more ihal compliance with a law or regulats.on is removed from the events and transactions reflected in the financial ststements, as we will be less likely to becorne aware of instances of non-¢ompli8nce. The risk 1$ also greater regarding rrregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery, collusion. omission or misrepresentatR)n. A further description of our responsibilrties is available on the Financial Reporb"ng Council's website al". https'.Ilww.frc.org.uklOuT-WorklALtdiVAudit-and-assurancelStandards-and-guidancelSlandards-and4Juidance- for-auditors/Auditors-responsibilities-for-auditlDescripb"on-of-auditors-re5ponsibilities-for-audit.aspx. This description forms part of our audi￿$ report. Use of our report This report is made 501ely to the charitable company's memkrs, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members Ihose matters we are required to stste to them in an audilorfs reportand for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members a5 a body. for our audrt woik. for this report. or for the opinion5 we have formed. Nicola Mason (S•nior Statutory Auditor) For and on behalf of hlHA Moore and Smalley. Statut(*y Auditor Richard House Winckley Square Preston PR1 3HP Dale". 0811212022 -1 SPRING NORTH LTD STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING THE INCOME AND EXPENDITURE ACCOUNn YEAR ENDED 31 MARCH 2022 Unrèsttiei funds Restrictèd funds 2022 Totsl funds 2021 Total funds Note InGom• from: Charitable activities 1.562.294 1.562.294 1,176.404 Other income 41,758 41,758 27.622 Total incorne 1.604.052 1,604.052 1,204.026 Expenditure on: Charitable activities 1.560.498 1,$60.498 1.182.850 Total expenditure 1.560.498 1.560.498 1.182.850 Net Incomel(expenditure) 43,5S4 43,5S4 21.176 Transférs bètwèèn funds Net movement in funds 43.554 43,554 21.176 Re¢oncillation of funds Fund brought forward at 1 April 2021 206,923 206.923 185,747 Funds carried forward at 31 March 2022 250,477 250.477 206,923 The Statement of Financial Actimties indudes all gains and kjsses in Ihe year. All of the above amounts relate to Continuing acbvities. -14- SPRING NORTH LTD 8ALANCE SHEET AS AT 31 MARCH 2022 Unrestricted funds Restricted 2022 funds Total funds 2021 Total funds Note Current assets Debtors Cash at bank and in hand 187.339 309.376 187,339 309,376 110.514 219,885 496.715 496,715 330.399 Creditors- amounts falling due within one year 10 {246.2381 {246.238) (123,4761 Net current assets 250.477 250,477 206.923 Total assets less current Ilabilitles 25LI.477 250,477 206.923 Funds Oesignated funds Unrestricted funds 11 250,477 250,477 206.923 Total funds 250,477 250,477 206,923 The notes on pages 17 to 26 fomi part ofthese acccwnts. 06112f2022 These account5 were approved by the Ttustees on ............................... and sNJn￿l on their behalf by." L Tapner Trustee Company Registration Number. 07797133 -15- SPRING NORTH LTD CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Cash generated from operating activities 89.491 120.846 Cash provided by investlng activit•es Investment income Incrèasèlldocr•as•l in ¢a$h and Cash èquivalents in th¢ year 89.491 120,846 Cash and cash equivalents at the beglnnlng of the y8ar 219,885 99,039 Cash and cash equivalents at the end of the year 309,376 219,885 Reconciliation of net movement in funds to net rAsh flow from operatin9 activities 2022 2021 Net movement in funds Investment income Decreasellincrease) in debtors {Decreaseyincrease in creditors 43,5S4 21,176 176.8251 122,762 10,426 89,244 89.491 120.846 -16- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2022 Accounting policles Legal form The charity constitutes a limited company. limTled by guarante8 as defined by the Companies Act 2006, incorporaleil in England and Wales_ The ￿gIStered office is as ststed on page 1. Basis of accounting The financial statements have been prepared in ac£ordan¢e with AcC￿Jntin9 and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Siandard applicable in the UK and Republic of Ireland issued in OCto￿r 2019. the Financial Reporting Standard applicable in the United Kingdom an¢J Republic of Ireland IFRS 102}. the Charities Act 2011, the CoMpan￿S Aci 2006 aftd UK Generally Acc£pted Accounting Practice. Spring North Ltd meets the definFlion of a public benefit entity under FRS 102. Assets and liabilities 8re initially reccgnised at historical cost or transaction value unless othervAse slated in the relevant accounting policy notes. Preparation of the accounts on a going contèm basls As wth most organisations. Spring North has been affected by the Covid-19 pandemic. Whilst there was the potential for an adverse financi81 impact. the charity was able to work with commissior)ers Io PLrt in place altemative delivery methods such that Ihe majority of servi￿$ C￿1￿ be maintained. Spring North has not been impacted by eady temiinab.on of eA)ntracts. however a couple of contracts finished at the end of the financial year. which supported spècifically Ihe homeless population. However, management havè been successful in sefxring addition81 funding ta be abl8 to maintain these servi¢es. Whilst the funding landscape beyond 31 March 2023 is not yet certain. the Board are confident they will be able to maintain the existing level of income through the continuation of cLJntracts and a positive Suc￿sS rate in funding applications. The Trustees have perfomied a going concem rewew and are satisfied the Charity has sufficient funds broLJght fO￿ard to cover core salaries and overheads for at least the fvlelve-month period following approval of the accounts. Therefore. at the time of appmval of the financial statements. the trustees have 8 reasonable expeclation that the charity has adequate resources to continue in operational existence for al least the fvJelve-nv)nth period followng approval of the accounts. Thus. they continue to adopt the going concem basis of accounting in wepaiiThJ the finanaal statements. Incoming resources Income is recognised when the charity has entillemenl to the funds. any performance eondib.ons attached to the item of income have been met. it is probable that the incoffE wll be receNed. an¢J the anKJunl can be measured reliably. The fcllowing spectfic policies are applied: Voluntary income is received by way of granls and donations and 15 induded in full in the Statement of Financial Activities ISOFAI when receivable. Grants where enlitlemenl is nol Conditional on the delivery of a specific performance by the charity are recognised when the charity becomes uncondit￿nallY entitled lo the grant. Investment income is indude¢J when receivable. Contract income is recognised when the conlraclual obligations have been fulfilled. Where the ¢onlra¢l is still in progress, income is recognised to the extent that it has been earned. -17- SPRING NORTH LTD NOTES TO ThE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 A¢￿U￿ting policies (continued) Fund accounting Unrestricted furKJs can be used in accordance ￿1h Ihe charttable objectives at the discretion of the Injslees. ReslNcte¢J funds can only be used for particular restricted purposes within Ihe objects of the eharily. Reslriclions arise when spe(ified by the donor orwhen funds are raised for particular restricted purposes. R8sources eX￿nded and irrecoverable VAT Expenditure is recognised once there is a legal or Constructive obligation to make a payment to a third party. it is probable that settlement will be required. and the amount of the oblTgation can be measured reliably. Expenditure on charilable activities indudes the costs of charitable actimties undertaken d1￿CtlY to furiher the purposes of the charity and their a%￿lated support u)sts. Allocation of support costs Support costs are those functions that assistlhe v+r1￿ of the charity but do not d1￿CtlY undertake charilable activities. Support costs include back-office costs. finance. personnel, payyoll and govemance cosls which support the chanty's 8ctivitie5. These costs have been allocated be￿een expenditure on a basis consistent wilh the use of resources. Financial instruments The charity only has financial assets and finan¢ial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inilially reC￿niSed at Iransadion value and subsequently measured at their settlement value. Operatlng leases Rentals payable are charged on a tsme basis over the lease term. Judgements and kèy sources of èstlmation uncertainty There have been no significant iudgements {apart from those involving eslimalesl made in the process of preparing Ihe financial statements. There have been no key assumptsons conceming the ftjtu￿ and other key Sou￿$ of estimation uncertainty at the reporting date that have a significant risk ofcausing a m*erial adjustment to the carying amounts of assets and liabilities wthin the nexi financial year. -18- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Incoming resources from charitsble activities Unres￿￿¢￿ funds Restricted funds 2022 Total fund$ 2021 Total funds Income for dèlivery of servi¢es Blackburn with Dawen Bor￿gh Council= Genetics Project HMO In Reach Officer Pause 4 Thoughl IP4TI VCFS Phase 2 FTE Uplift Rapid Rehousing Community Ambassadofs Personal Nawgatorsupwrt Community Champions Rough Sleepers Initi'ative Holiday Activibes Fund Blackburn with Darwen Healthy Liwng 6.760 29.983 17.500 32.322 1.1K)1 29,983 17,$00 32,322 1,001 75,408 64,835 17.600 81.500 1.330 55.000 74.009 56.300 11.288 81.500 1,330 55,000 74,009 56.300 11.288 Oldham Counal.. Genelu Oldham 54.750 Lancashire Country Coun¢il= Holiday Actmties Fund 471.8S2 471,852 L8ncashire South Cumbria NHS Foundation Trust- Healthy Child Programme 125.793 125,793 Birmingham Cty Council: Slop Loan Sharks 6,300 Community Foundation.. Community Acts'on Fund 1,SOO Department of Educalicfi= Holiday Activities & F￿d Fund 600,650 Homeless Link.. Homeless Intensive Support 36.397 Lancashi￿ ca￿ NHS Foundation Trust.. Healthy Child Programme Perinatal Mental Health Supp￿1 83.317 70.000 -1 SPRING NORTH LTD NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Incoming resources from charitable activities {Continuedl Unrestricted funds Restricted funds 2022 Total funds 2021 Total funds Income for delivery of sewvices NHS England: VCFS Leadership Ne￿Ork Health 8 Wellbeing Fun¢J Liaison & Diversion 137.374 137.374 34.650 DWP Rescwrce Management.. Kickslart 172,386 172.386 NHS BlackF4JoI CCG". PHM Parity of Esteem Training Programme 13,0 50,000 Sustain Food Power.. Feeding Fulure Generatifms 1.100 1,100 13,450 The Football FoU[￿allon.. Active Through FootbaN 5(K) 500 4,500 National Lottery 43.843 Managemént fee for corn s•piice$ 236.756 236,756 116.744 1.562.294 1.562,294 1.176.404 Included wthin income fr(Kn charitable activities is unrestricted income of £1.562,294 {2021.. £1,075,222) and restricted incr￿e of £nil12021.' £43.843}. Other income Unrestricted lunds Resirfj¢ted lund$ 2022 Total funds 2021 Total funds Coronavirus Support Grant Coronavirus Job Retention Scheme Miscellaneous Income Service Income 10,000 8.999 5.000 3.623 4.298 37.640 4.298 37.460 41.758 41.758 27.622 Included wthin other income is unrestr￿ted income of £nil {2021.. £nil) and restricted income of £nil {2021= £nill. SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Casts of charitable activitie5 Activiti05 dIre￿Y undertoken {notè 61 Support and governance costs Inote 61 2022 Total lunds 2021 Totsl funds Genetics Project VCFS Phase 2 Genetics Oldham Community Action Fund Holiday Aclivities & Food Fund Holiday Activities & Food Fund Preston Homeless Intensive Support Healthy Child Programme Perinatal Mental Health Support VCFS Leaéership Neiwotk Rapid Rehousing Community Ambassado Liaison & Diversion Feeding Future Generations Active Through F(xJtball Stop Loan Sharks BAGS Community Champiorks ED Interventions HMO In Reach Homeles5 Link Kickslart P4T Recovery Volunteering Rl Champions BP Engagement Spring North Hub 6,620 6.620 13,106 79.376 61,303 2,500 684,000 71.728 471.656 44.700 32.899 116,428 $04,555 40.455 95.477 9,000 5,000 65,810 8,200 38,500 13,446 5,000 700 88.316 7.161 10.000 5,000 5,000 19.669 95.477 10,000 5.000 82,687 99.907 77.687 80.238 6.600 6.699 2.500 6.296 4.298 60,000 42,476 26,250 18,017 215,003 43.750 38,686 165,052 4,438 2.000 6,296 4.298 55.000 36.476 26.250 13.000 182.260 23.750 36.758 122.790 5.000 6.OCK) 5,017 32.743 20.OCKJ 1.928 42.262 4,438 6.359 60,977 1.303.604. 256,895 1.560.498 1.182.850 -21- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Costs of charitable activSties {continued) Prioryear costs of charitable activities Activit18S Support and directly governance undertaken Costs Inole 6} Inote 61 2021 Total funds 2020 Total funds Genetics Project Mental Wellbeing Hub IAG VCFS Phase 2 Reducing Reoffending Genetics Oldham Community Action Fund Holiday Activilies & Food Fund Homeless Intensive Support Small Grants Heallhy Child Programme Leadership Grotjp Admin Support Perinatal Mental Health Support VCFS Leadership Nefv¥ork Rapid Rehousing Community Ambassadors Liaison & Diversion Feeding Future Generations Active Through Football Slop Lo8n Sharks Spring North Hub 9,246 3,860 13.106 9.923 45,000 278,444 356,270 4,500 60,960 75,408 3.968 79.376 54,053 1,500 597,225 36,395 7.250 1.000 86.775 4.(￿0 61 ,303 2,500 684,000 40,455 6,800 92,486 4.678 83.317 12.160 95,477 8,000 9.000 5,000 65,810 8,200 38,500 13,446 5,000 700 60.977 5.000 165 5,000 53,251 122,633 9,626 65.645 8.200 34,650 13.446 4.500 3.850 500 700 50.977 10.000 45.764 1.001.585 181.265 1.182.850 1,095.335 -22- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Costs of charitable activities analysed by nature 2022 2022 Support costs 2021 2021 Support costs Direct ¢osts Direct costs Staff costs Payments lo setvice providers Travel and subsisience Grants to institutions Aclivrties an(1 spot purchasing Training Meeting costs Marketing Consultsncy fees ststionery and consumables Telephone Accommodalion Insurance IT Support Bank charge5 Bad debts Light and Heating Costs Professional fees, finance support & payrom Govemance costs- audit and arLounts fee 191,261 17,288 1.519 40,801 921,626 98 11,500 22,416 5.144 127.816 1.221,907 6.000 37,096 38,600 2.869 678 833 14.846 {3,2801 485 546 10,425 2.908 11.570 254 2.150 370 8,709 13,220 126 547 8,354 2,761 6,246 221 3,749 2.838 4.158 4,693 1.303.604 2S6.894 1,001.585 181.265 During the year ended 31 March 2022, 2 members were awarded a totsl of £6.000 in small grants12021: £11,500). Nat {incoming)loutgoing r¢$ourc•s Net resources are stated after chargingl{credibngl.' 2022 2021 Independent audrtors, remuneration". Au¢Jil fee lexdusive of VATI Other seryices (exdusive of VAT} 4,693 3,465 -23- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysls of staff costs. trustee remuneration and expenses and the ¢ost of key management P9rsonnel 2022 2021 Total staff costs were as follows- Wages and salaries Social security costs Pension costs 178,626 10,555 2.080 156,534 9,832 2.251 191,261 168,617 Parti¢ular$ ¢f employet$= The average number of employees duriThJ the year was as follows.. 2022 No 2021 No Management Information and administralion No employees rec£ived emoluments of more than £60.000 during the year {2021". nill. None of the trustees received any remuneration during the cuThent or prewous year. No travel or related expenses were ￿1MbUrSed to trustees during the year (2021.- £nil). The employee benefits paid lo key management personnel induding employers Nl and employerfs pension contribulions during Ihe yearwas £52.64412021-. £53.0481. Debtors 2022 2021 Other debtors Prepayments 185.488 80,088 187.340 110,514 -24- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10 Creditors: Amounts falling duè within one year 2022 2021 Accruals and deferred income Taxation and other soual security Other creditors 244.655 1.425 158 121.097 1,425 954 246.238 123,476 Includeé vAlhin ￿￿1t¢¥$ falling due within one year is deferred income of £80,750 12021= £106.1841 iel8ling to y3￿0u$ contracts indudtng The Hdiday Activities & Focmi Fund and the Homeless Link Fund. 11 Fund mov•m¢nl Brought forward at 1 April 2021 Carrled fonvard at 31 March 2022 Incomlng resources Outgoing resources Transfers Unréstricttd general funds 206.923 1,604,052 (1.560.498) 250.477 Designated funds Small grants Total unrestricted funds 206.923 1,604,052 11.560,4891 250,477 Restricted general funds Total ftsnds 206.923 1.604,052 11,560.489) 250.477 Small grants fund The small grants fund provides members Wth the opw)rtunity to bid for fuTrJin9 to Tun one off projecls. -2& SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2022 11 Fund movement {¢ontinued) Prioryear fund movement Brought forward at 1Apri 2020 Carried forward at 31 Mareh 2021 Incoming resources Outgoing resour¢Ès Transfers Unrestricted general funds 175.747 1.160.183 11.129.007) 206,923 DesSgnated funds Small grants 10.( 10,000 iio.0001 110,000) Total unrestricted funds 185.747 1.160.183 11,139.0071 206.923 Rostrieted general funds 43.843 {43.8431 Total funds 185.747 1.204.026 (1.182,8501 206.923 12 F•nanclal instrumènts 2022 2021 Carrying 8mount of financial assets Debt instruments rneasured at 8mrwts.sed C￿$1 177,021 80,088 Carrying amount of financial liabilltles easured al amortised cost 1.425 1.425 13 Operating lease commitments Al the reporting en¢J date. the charity had outstanding commitments fow futu￿ minirnum lease payments under non-C8ncellable operating leases. which fall due a5 follows.. 2022 2021 Within one year Within iwo lo five years Over five years 850 676 850 676 SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14 Related party transa¢tlons Representatives. either Senior Employees or Trustees. from of the member charities srf( on the Board of Spring North Ltd. The Tnembei organisations are eligible to sub-contract and ¢ommission work from the consortium. These servi￿$ are perfomied under formal conlracis which are ¢ommissioned as P8rt of an independent tendering process. in whi¢h the relevanl individuals are not involved in discussions regarding their own Organisat￿n5. During the year commissH￿ing Costs of £1,192,675 {2021.. £687.347} were paid lo the members of Ihe consortium. 15 Company limited by guarantse The charity is a company limited by guarantee. In the event of the tharity being wound up or dissolved, each member undertakes lo contribute such arrK)vnl as is required, not exceeding £10, for payment of any debts or liabilities. -27- Company Registration No. 07797133 (England and Wales) Charity No. 1150126 Spring North Ltd Company Limited by Guarantee Trustees, Report and Financial Statements For the Year Ended 31 March 2022 *A8JS7W6Q' 2e41212022 COMPANIES HOUSE #279 MOORE & SMALLEY SPRING NORTH LTD CONTENTS YEAR ENDED 31 PAARCH 2022 Page Reference and adminislralion details Trustees, Annual Report Independent Auditors, Report to the Trustees Slalement of Financial A¢￿VitieS 14 Balance sheel 15 C8sh llow statement 16 Notes to th8 finan(ial statements 17 SPRING NORTH LTD CHARITY REFERENCE AND ADMINISTRATION DETAILS YEAR ENDED 31 MARCH 2022 Reglstered Charity Name SpriNJ North Ltd Charity ReglstratEon Nurnber 1150126 Company Registration Number 07797133 Registered Office 1 Exchange Street Room 103 Blackburn Lancashire BB1 7JN Auditor MHA Moore and Smalley Chartered Accountants & Ststutory Audilor Richard House 9 Winckley Square Preston PR1 3HP Key Management Personnel Mrs A Allen (Chief Officer) SPRING NORTH LTD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2022 The trustees. who are also direclors of the charity for the purposes of the COmpan￿S Act 2006, present their report and the audited accounts for the yeaT ended 31 March 2022. Spring North The Charity Changed its name from Famil￿$ Health and Well Being Consortium to Spring North in November 2019. The new name. kjgo. vision and values were 18un¢hed in Novernber 2019. Structure. govwnance and managtment The charity is a company limited by guarantee. It is managed by a board of experienc*d truslees which is responsible for ensuTrng the financial stability of the charsty and woviding advice on policy and iesource rnanagervent. The company was Incor￿)rated on 4 October 2011 and was registered with the Charities Commission on 11 December 2012. The trustees who served the cA)mpany during the year were as follows: A 8arrass S Collon D Edmundson S Swindley A Leather K M¢Gee L Tapner C Bennett A Greenwood L Baxler An invitation lo join the Board is sent c&rt with the AGM papers wor to the meeiing. Nominations are received and voted on al the AGM by members. As part of the induction and training programme. new Board members are required to.. Meel the description outlined in the role of direclors Comply with the prctess for eleclion of directors Agree with the Code of condl￿1 Register any conflicts of inlerest and ￿1￿CtOrS. inte￿stS Complete a skills audit to identify streNJths and Wenlial skills gaps All of the aLK)ve are outlined in the Spring North Director5 Manual 2016_ None of the trustees have any beneficial interest in the cornpany. Overall management of ihe charTty is Ihe ￿Sponsibl[lfy of the Iwstees who are elected and Co-opted under the lerffls of the Memorandurn of Articles of Assouation. Day lo day project actiwty is carried out by the Chief Officer of Spring North and slaff. The Board of Trustees have delegaled responsibility to the Sub-finan￿ Committee for recommending p8y and remuneration and establishing benGhmarks and parameters used to set pay scales and wage increases for key management personnel. Overdll responsibility lies ￿￿th tt* Board members. SPRING NORTH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2022 Objectives and activities Spring North is a member-based charity - comprising 130 independent VCFSE organisalions from across Lancashire. Our aim is to support these organisab.ons to provide wellbeing for all across the geography through c(Alaboration and partnership working. We aim to do this by redesigning support and servI￿S lo reflecl the changing landscape of hearth and social care. addressin9 disadvantage. reducing inequalities and improving the resilience of local people. Through collaboratsons and innovation. we will achieve impact. Our va5ues Dynamic- Spring North is the drrwing fi)rce lo improve heamh and wellbeing in our communities Caring- We support all our members and communities with care and eA)nsideration Influential- We are a Vol￿ wthin ourcommunities that will change lives throLFgh commitment and passi Trusted- We are respected, reccgnized and accountsble to our members and stskeholders We have a slrong track record of conlract management & sub-contract delivery and the feedback frc commissioners, funders and delivery partners has consistently been good over the 11 years of our formatson. Spring North has in place an agreed process forsub-contracting whth all¢)ws for intemal competition for delivery of work where appropriate - all members are signèd up to these a￿al￿ents. Spring North provides 8 single point of contract for commissioners and ensures the followng.. ration The collaborative approach to planning and delivery allows for integrated SUPFQrt to be rdled out across L8ncashire. Sub-eontTacted organisations rewt drecuy to Spring North using an agreed format- which are then consolidated into a single report for the funder. aualit All member organisalions a￿ requ￿ed to evidence a quality knle•mark as a pre-requisite for membership. Quality of wovision is monitored through regular meetings wilh our membership and the service users. Com liance Sub-contracled organisalions are required to svJn an agreement with Spring North outlining their obligations in terms of Service delivery and financial monitoring. These are monito￿d on a quarterty basis. Ac untsbili Systems and processes for reKKJrting and monitoring are agreed wilh the sub-contra¢ting organisalion and Spring North. Accountabilily for Ihe delivery of work lies within the delivery partnership but rests fimily with Spring North as the contract holder. Performance Agreed performanc£ measures are funders at the outset of the contracts and monito￿d on quarterly basis. Efficienc Through re-alignment of seNice provision. better collaboration and asset building, the Spring North model reduces duplication of servi¢es, ensures an ￿d-tL￿end supwrt Serv￿ for the tsrget groups 8nd a personlfamily focused approach to roll-out. Regular consultstKJn with seNce users is an integral part of the work undertaken. SPRING NORTH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2022 Who we are: Spring North is a member based charilable company - established and incorporatsd as a company in October 2011 and registered a5-a chanty in December 2012 and renamed and relaunched in November 2019. The organisats.ons that make up Spring North are drawn from the VCFS across Lancashire. The trustees (who are also the Board ol Directors of the company) are elected annually by the membership and are nominated by the member organisalions themselves. There is also a minimum of two independent non-exe(JJtive direclors. one of whom undertakes the role of Chair. How do wè mèet our vision and values? Provide a Structu￿ to support partne￿hiP and multi-agency working across our members in order lo deliver commissioned and granl funded services throughout Lancashire and the North West Ensu￿ the provision of effectNe. quality-assured servKe delivery to individuals. families and communilies. tendering for cortracts and fvndirg on behalf of members Manage contracts and tender5 arKI monTrtor outputs and outcornes Provide a Sing￿ point of contsct f(* t￿MIssIOnerS and funders Ur¥Jertake both general and specific research to identsfy the needs of local communities and determine appropriate solulions Provide business support and training to member organisations thal builds their Capacity and increases th*r effectiveness to meet the needs of their beneficiar Provide networking opportunities and regular meetiThJs with, and for. members and other $18keholders lo encourage collab¢xation and strategic workirvJ Share best Pract￿ ar￿* enatAe ovr members to provide innov8tive solutwis to meet local need Facilitate u)mrnunicab"on between the member organisations and other stakehoLders Gather and share data - prxjling kno¥￿edge arKJ expertise to build cap3(xty in the sector, ensure resilience and rèducA duplicatKJn ￿ provision Provide regular opportunities for ￿￿rnber organisations lo engage with the broader agenda of Health and Wellbeing transformation Why a ¢onsortium approach? To enable members lo.%wrk together in order to apply for tenders and grants that requi￿ a range of skills and expertise not found vAthin a single agency To create clusters of expertise and support for organisations to draw on. whether they offer a Spe￿alist or generalist seNice To develop synergy and added social value by working together - our services delivered across the whole spectrum of health and social care to all ages and backgrounds To provide a system infomation sharing- a￿esS to research findings. Safe Systems 8nd protocols to promote safeguarding and prote¢l Client confidentiality To be used as a vehicle lor inlluence through the sue and scope of ils membership To reach a geography through {￿r network of local member organisations - enabling us lo provide service delivery across the whcde of Lancashire and the North Wesl. touching thousands of lives To offer dNersity of seNice provisKJn through members. giving greater scope for innovation To maximi2e the breadth of knowledge. skills and experience ccffltained within the member organisations and their beneficiaries SPRING NORTH LTD TRU5TEES' ANNUAL REPORT YEAR ENDED 31 MARCH 2022 Why a consortiurn approach? {contlnuedl To afford opportunities to creale eff￿lencY savings through the prowsion of infrastructure support for all members e.g., payroll, HR. workforce development and to broker services. To facililate cohesive service delivery and encourage more partnership funding bids To provide a plalfomi for accountability and credibility through Ihe provision of quality assured service delivery (through membership criteria and annual reviews) What do we offer? Spring North offers support lo rts member organisations to deliver - collatrK>ratively - a range of interventions In order to improve emotional. mental and ph￿C81 health across the lrfe course and across communrties. Who do we support? Ullimalely the work of Spring North benefits children. families arKI aduts of all ages in the lo￿[ communities in L8n¢ashire and the North West. Through the lake-up of both specialist and generalist service5 provided by membe￿. we are engaging with vulnerable people. 8s5essing their needs {especi8lly physical and emotional heatth needs) and providin9 them, through our mefflber organisations. with advice, guidance and support in accordance with these. Delivery of provision is tsking place in some of the most deprived local C￿lMunItieS with a focus on vulnerable residents within those communities includin9- The long-temi unemployed Lone parents Carers and their families Victims of domestic violence People requiring long term care People wth disabilib"e5 People wth mentsl health needs The homeless Offenders and ex-offenders Young peop￿. induding those not in education. employmènt or training INEET) Older people Minority elhnic groups People affected by substance misuse The Board of Trustees have paid due ￿gard to guidance issued by the Charity Commission on public benefil in deciding what activities the Charity sh￿Id undertake. SPRING NORTH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2022 Achievements and p¢rforniance As with every business. charity, commkjnity. family and individual, the past 12 months have presented a challenge to us all. Our business strategy- predicated mainly on slrong relationships and collaboration- was contested from the outset of Covid and the restrictions put up)n us all. However, the organisation reacled quickly and positively lo the new regime of iequirements and on-line meetings. dKJital communication arml working from home became the new normal. For many VCFSE organisations operaling nationally anij locally the pandemic has had 8 signrficanl financial impact their viability. Spring North recognised th4$ to be a particular threat to some of our members Organisations. In response the 8oard agreed to shift the crrteria for the small grants programme to Support Ihose organisalions who were themselves at the frontline in supporting their local communilies This year a lar9e number of national fundirwJ oppTh1unities and local commissK)ning opportunities have either been put on hold or redirected to support the local response to Covid. Despile this. Spring North has maintained its annual income level from the previous year. Whilsl some commis5ion5 were concluded during the last accounting period (contracts ending rather than being terminated) the organisation has been suc￿sSful in securing a number of other contracts including NHS England Hearth and Wellbeing Grani funding. and local commissions with our Health. Justice and Local Authority partners. Membership of Spring North continues to grow and in tem)s of sub-contracts we have contracted with 48 member organisations wthin this finanaal period. Seryice Income funding has ena￿ed us to provbde a comprehensive business support offer to our member organisalions and enable access to a broad-range training package. This year we ran 54 courses with an average attendance of 12 persons per se55ion. 33 of our member organisations partiupated in these courses. Spring North is Currently engaged with and represented on key strategic boards across the Integraled Care System geography ILan¢ashire and South Cumbrial. as well as County-wtje. Pennine Lancashire and 8wD groups. These include the ICS Partnership Forum. ICS VCFSE Aliance. the Pennine Lancashire Communty Safety Tactical Leads Group, Ihe BWD Health anl Well-Being Board and the local Chil(Jren's Partnership Board. Spring North continues to support the Pennine Laneashire VCF Leadership group- a key vehicle through which genuine consultation with the sector ean take place. The Chief Executive of Spring North was thè elected chair of this group in 2021 and she. wrth other charrs of the ICP VCF Groups. compnse the membership of the above- mentioned Alliance_ During Ihis financial year. the Consortium has managed the following contracls.. 1. Coordinated Substance Misuse Recovery Orientated Volunteering project subcontracted to Community CVS to deliver Volunteenng to those in recovery. and pathways for training and vdunteering follo1￿n9 recovery. induding peer SUPE￿ and mentoring. 2. Community Ambassador5 FundirvJ from BlaGkburn wth DaTh*n Borough Council in April 2021 until March 2022. to train and support 80 Champions for 8 12 week period to Value integration and set up thal social action projects oftheir own which aim to In¢￿aSe community u>nne¢tivity and improve cohesion. Partners sul￿n1raCted to on this worf( included Bla¢Jtbum Rovers Community Tmst and Care Network. 3. Covld Community Champions Commission from Blackburn wf(h DaN￿n Borough Counul from May 2021 until SeptÈmt*r 2021, to upskill members of Ihe local workfcvce and comrnunities lo share publi¢ health messages around Covid infectioii control, dispel myths around the pandemic. and the vaccine. whilst infomiing Itxal systems of the feelings and feed back locally to ensure barriers were reduced, tskeup for vac¢inatKJns in¢￿ased and transmission levels reduced. Funding was distribuled to IMO Charrty. One Voice Blackburn. YMCA Blackburn, Lancashire Council of Mosques and Youth Action. SPRING NORTH LTD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2022 4. Eating Disorders Intervention Support Funding through LSCFT to inuease local capaaty of counselling support in an alm of reduclng numbers of young people classed as non-urgent. but remaining on a lengthy waiting list with signs of eating disorder traits. Funding commenced in October 2021 and ended March 2022. Partners included CANW, New Era Enterprises, Serenity Seffcare. Key Unlothng Futures and Homes for Humanity. 5. Genetics Project BWD Commission from BWD Public Heamh Oct 2013 - March 2021. To improve knowledge and understanding of genelic condrtions affecting children where consanguineous marriages. completed in November 2021. 6. Holiday Activitiès & Food Fund- Blackbum with Darwen Comrntssion from 81ackbum with DaNen Borough Council. Commenced April 2021 8nd ended in January 2022. Targeted delivery to engaoe children and young people from VUlnera￿e families on Free school meals. The borough wide programme was coordinated by Spring North. wth delivery sub-contracted to Blackburn Rovers Community Trust, Blackbum Youthzone. IMO Charity, One Voice Blackburn, Newground Together, Youth Action. Blathbum with Darwen B¢Yough Courril divisKJns'. Childrens Centres Iyoung people's setvices I Seeds Adolescent supp￿ Unit. 7. Holiday A¢tivitie$ & Food Fund - Preston Commission from Lancashire County ¢ountil. Commenced July 2021 and ended in January 2022. Targeted delivery to engage children and young people from vulnerable families on Freè s¢hwl meals. The county wide programme was coordinated by Spring North. wth delivery sUb-c￿nIr8Cted to P￿StOn North End Cornmunity and Education Trust. Preston united. Fishwick Rangers Youth development scheme, Discovery Vine. Community Fulures. Krazy Kingdom (Flipout Preston and Giddy Kids playcentre) Lancashire and Regional Dietary Education Resource. The Foxton Centre. Gujerati Sunni Muslim Soaety and JJ Effect CIC. 8. Klckstart Gateway Provider Funding frorn the Department for Work and pensions from June 2021. due to end in 2022123 financial year. Spring North facAlitated apprenticeship funding and promded training support for the Ktckstsrt scheme lo severa1 providers auoss Lan¢ashire Incjuding Trust House. Derian Homestsrt in E8s1 Lancashire. Homestsrt Blackpool. Fylde & Wyre. Carestation North West. Rummage Rescuers. Hozett CIC. Hullo. CANWe Solutions CIC. HARV DA. Smile Mediation. Healthwalch Blad(bum. Age UK BWD. PAC and Building for Humanity. 9. Healthy Child Programme Suiwnlract from LCFT (commissioned from 8wD PHI A￿1 2017 March 2022. To provide supwrt for families of chIld￿n under 5, emotional health arKJ wellbeing support for teenage young pe￿Ie 3nd improving access to health seryices linduding the Everybody Centre). Parfners for this project - Brook Young People. and Homestart BWD. 10. Pause for Thought Commission from Blackbum with Danven Borough ￿￿nCIl February 2021 until November 2021. The work carried out induded providing a [￿graMMe of training aimed at prO￿ding young people with possible behavioural issues with a toolkit of skills to enable Ihern to make wiser choices and reduce nuisance behaviour they rray be involved in or at risk of becoming a part of. Partners for this project included Blackbum Youthzone. PAC, New Era and Child Action North West. 11. Pennine Lancashire VCF Leadeyship Group Funding from ELHT. April 2018 - March 2022. To Ffovide the administrative duties to manage thi8 group. 12. Rough Sleeper Inltlative.. Rapid re-housing Project Funding support faulitate(I by BWD Borough Council to accelerate support and safe accommodation for at- risk 8nd homeless people. Delivery is subcontracted to CANWe Solutions CIC and Lancashire Women. Thls contract has a final extensffi into 2022-23 TRUSTEES, ANNUAL REPORT SPRING NORTH LTD YEAR ENDED 31 MARCH 2022 13. Feeding Future Generations Funding from Sustain Food pK)wer. Aiming to support vulnerable expectant Mums with wellbeing and nutrition support and advice. and regular food parcels during the pandemic. Various partTiers from BWDBC and Blackburn Foodbank involved in Ihe faulitation for this. 14. Stop Loan Sharks Funding from Birmingham Cty Council lo r8ise 8W8reness of k)an sharks antl effects of vulnerable families through community activrty. 15. Perinatal Menlal Health 511PPQrt Funding from Lancashire and South Cumbria FoundatK)n Trusl to scope mental health support on offer across Pennine Lancashire for perinatal women. Homestart organization across the area engaged in this work wilh us. 16. VCSE Hoalth & Wèllbeing Funding FLEnding from NHS England in October 2021 until March 2022. to train and support 150 local community champions across Lancashire and South Cumbria lo share key information around respir810ry infections in young children to ensure Ihose at risk. or suffering wilh the illness could be direcled to the correct support and palhways. both to ensure they gol the correct aw8reness raising, care and advice, and also reduce attendance at critical care cerhtreslA&E vthen non-urgent. Partners engaging wth this work included Homestart network in Lancashire. the Voluniary teth￿$ in Lar)cashire and Soulh Cumbria, New Er8 enterprises and One Voice Blackbum. 17. Active through Football Fund from Thè FcK)tball Foundatson to develop consultation wDrk around a pilot projecl aimed at increasing sport take-up wthin communrties. Various local partners such as BRCTrust. CANW, One Voice Blackburn, Newground and IMO Charity are involved in this work have been supporting this work wlh focus groupslconsultation and engagement. Financial review During the year ended 31 March 2022 the charity received tolal incoming resouTces of £1,604.052. Costs of £1.560.498 were incurred in connection wtlh the delivery of these projects and core administration. resulting in a surplus of £43.554. The costs incxjrred during the year induded grants awarded to members of £6,000. Reserves policy" At 31 March 2022 the charity held total funds of £250.477. all of which were unrestricted in nature. The Trustees originally set a policy of aiming to accumulate unrestricted funds which have not been design8ted for a specific use which are equivalent to six months. of ujre runnsng expendrture_ The tnjstees consider that resetves at thi5 level woukl ensu￿ that. irrespects.ve of future funding they would be able to continue the charity's current aclivitses and ￿Ver Core salaries while Considerat￿n is given to ways in which additKsnal funds may be raised. Core running expendjture for the year ended 31 Marth 2022 amounte(I to £276.025 (total expenditure of £1.560,498. less paymenls to Servi￿ providers of £1.239.195. less member training costs of £39,278, less small grants of £6.000)- As at 31 March 2022 the level of free general reserves was £250,477 which is in excess of six months, of core njnning expenditure. However the trustees have re-visited the reserves policy and have decided thal it is appropriate to maintain a hKJher level of reserves al the present time. in IvJht of the current ¢ir¢umstances arising from the Covid 19 pandemic. and possible fiJture staffing plans. SPRING NORTH LTD TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2022 Rl$k management The main risks f8cino Spring North inclu¢Je- 1. Risk Changes to kJ¢al and ￿gIonal commissioning through re4Jesign of health and social care through the Healthier Lancashire Integraled ca￿ System. rin North res nse - The organisation ha5 been involved via representation on the programme board and is well positioned to benefit from the investment in the VCF sector once the system transformali¢M land assochated funding) ha5 been approved. 2. Risk - Attracting new and additional funding North ￿S onse Recruitment of Business Development Manager Developing new partnerships to prov4de innovaiive project proposals for ftjture investmenl. 3. Risk- Maintaining adequate funding to surfx)rt the o)re costs of the organisalion rin North res onse - Management Cosls are agreed for each funding applicats.on by the relevant partnership al the outset of the commissionllenderlproject and are mainlained at an appropriate level lo support costs for the lrfetime of the project. 4. Risk - Loss of main contracts and asswi8ted repulalional damage - against escalation of need and vulnerability in communities rin North Res nse - Sustainability slralegy in place to secure future funding. engagement with key partners and transparency on delivery perfomance. System transfomiation plans wlh partners to improve community resilience. 5. Risk - The impact of Covid 19 on the orgarisation and its members rin North Res nse - The imp3cI of Covid 19 on the organ￿atiOn 8nd its members is under current and thntinuous review and Spring North have 8pplied for additional funding to m8int8in its viabilty and sustainability for its members. The major risks to which the charity is exposed have been reviewed and adequate systems and procedures have been established to manage such risks. Fundralslng We have considered the ￿qUIreMents of the Chariknes {Protection and Social Investment) Act 2016 regarding disclosures conceming fundraising and fiJndrai&ThJ stan(Jards and confim) that these do not apply to the charity- Plans for future periods Spfing North will continue to seek ftjnding lo deliver seNices across Lancashire through cnntracts, tenders and grant funding. We will encourage new member Ofganisations {both associate and fu111 and will deliver activity according to our objectives. We will provide support to those members through infomiation sharing on good practice, training and learning opportunities. We wll ensure that all delivery, support. advice and gu>dan¢e provided by Spring North is undefpinned by quality assured standards. We will work closely with stakeholders and Commissioners to ensure future delivery of activities al￿nS wth local and national strategy. We will seek lo diversfy income sources lo ensure future suslainability. We will work with other infra•Struciure organisalions to map funding opporiunities. design innovalNe services and deliver worthwhile intervent￿nS which wll not duplicate current provision. SPRING NORTH LTD TRUSTEES, ANNUAL REPORT YEAR ENDED 31 PAARCH 2022 Trustees. re$ponsibllities statement The trustees (who are also the directors of Spring North for the purErf)ses of company lawl are responsible for preparing the Trustees. Annual Report and the finaniial ststements in ae¢ordance wlh applicable law and United Kingdom Accounting Standards {UnileO Kingdom Generdlly Accepled Acujunting Practice}. Company law requires the trustees to prepare financial ststements for each financial year. Under company law the trustees musl not approve the financial statements unless they are sats"sfied that they give a true and fair view of the state of affairs of the tharitable company an¢J of the incoming resources and application of resources, including the income and expenditure. of the charitable company fc* that perio(l. In preparing these financial slalements. the Irustees are required to= select suitable accounting polioes and then apply them (x)nsistently. observe the methods and prin￿￿e5 in the Charities SORP 2019 {FRS 102}. make judgements and 8CLX)untiro estimates th8t are reasonable and prudent. state whether applicable UK Accwnts"ng Standards have been followed, subject to any rnalerial departures disdosed and explained in the financial ststements. and prepare the financial statements on the going concem basis unle&% it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records ihal disclose wlh reasonable accuracy al any time the financial position of the ¢haritable company and enable them to ensure that the financial statements comply with Ihe Companies Act 2006. They are also ￿SponSible for safeguarding the assets of the charitable company and hence for taking ￿asonable steps f￿ the p￿venti(￿ and detection of fraud and other irregularities. In so far as the trustees are aware= Ihere is no relevant audil informatin of which the charitabje companvs auditor is unaware-. and the trustees have tsken all steps that they ￿ght to have taken to make themselve5 aware of any relevant 8udit information and to estsblish that the auditor 15 awa￿ of that information Auditor MHA Moore and Smalley is deemed lo be re-appointed under section 487{21 of the Companies Act 2006. Signed by order of the trustees L Tapner Trustee Dale.. 0611212022 -10- SPRING NORTH LTD INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Opinion We have audited the financial statements of Spring North Ltd (the 'chantable c￿Mpany'1 for the year ended 31 March 2022 which comprise the Statement of Finanaal ActNlties. the Balance Sheet, the Cash Flow Statement and notes to the financial slatements, includirKJ sKJnifunt accounting policies. The financial repo￿.ng framework thal has been applied in their preparation is appluble law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standafd applicable in the UK and Republic of Ireland (United Kingdorn Generalty Accepted Acc(yJntiThJ Practice). In our opinKJn the financial statements.. give a Iwe and fair wew of the sLgie of the charilable company's affaws as at 31 March 2022. an¢J of it's incoming resources and ap￿ICatIon of resources. including its income and expenditure. for the year then ended- have been property prepared in accordance %wth United Kingdom Generally Accepted Accounting Practice.. arKI have been prepared in accordance viith the requirements of the Companies Act 2006. Basis for opinion WÈ conducied ￿r atjdit in accordance with Intemational Standards on AU￿￿"ng {UKI IISAS {UK)l and 8ppIic8b law. Our responsibilities Ljnder those standards are further descrited in the Auditorfs responsibiif(ies for the audit of the financial statements section of our fepcwt. We are independent of the charilable company in accordan with the ethical requirements that are relevant to our audit of the financial statements in ihe UK. including the FRC'S Ethical Standard. and we have fu5filled our other ethical responsibilities in accordance with these requirements. We believe that the audil ewdence we have obtained is suffTraent and appropriate to provide a basis for our opin￿n. Conclusions relating to going concèrn In audibng the financral statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any malerial uncertainties relating to events or conditions that, individually or colleclively. may cast significant doubt on the charitable company's ability to continue as 8 going COn￿rn for a period of at least tsvelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern a￿ described in the relevant sections of this ￿pOrt. Other information The other infomiation compwises the infomation included in the trustee's annual report, other than the fin8ncial statements and our auditor's report thereon. The tTUStees are responsible for the other infomiation contained wthin the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent othetwse explicitty in our report. WÈ do not express any fom) of assur8nce ¢ondusion the￿On. Our responsibility is to read the other infomi3tion and, in doing so, consider whether the othèr information is materially inconsistent with the finanual statements. or our knowledge obtained in the Coutse of the audit or otherwise appears to bè materially misstated_ If we identify such material inconsistencAes or apparent material misstatements. we are required to determine whether this gNes rise to a material misststement in the financial statements thernSe￿es. If, based (M) the work we have perfomed, we conclude that there is a material misstatement of this other infomation, we are required to ￿port that fact. SPRING NORTH LTD INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 We have nothing to report in this ￿gard. Opinions ¢)n other matters prescr•bed by thè Companie5 A¢t 2006 In our opin￿n, based on the woth undertaken in the cOu￿e of the audil.. the information given in the trustees, rew)rt for the financial year for whKh the financial statements are prepared is consislent wlh Ihe financial statements.. 8ThJ the trustees. report has been prepared in aco)rdance with applicable legal requirements. Mattèrs on which we are r¢quir*d to report by excepti¢)n In the light of our knowledge and understanding of the charitsble company and ils environment obtained in the c(KJrse of the audit. we have not identified material Misstaterr￿ts in trustees, repo We have nothin9 to report in respect ofthe follo￿ThJ matters in relat￿ to vthich the Companies Act 2006 requi￿$ us lo report to you if, in our opinioA'. adequale aecounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us.. or the financial slaiements are not in agreement wth the acc￿nting recjyds arbd ￿tUrns.. or cErtain disdosures of directors. remunerat￿ specified by law are not made." or we have not received all the informalion and explanatiorts we require for our audit.. or Ihe trustees were not entitled lo prepare the finanaal statements in accordance with the small companies. ￿girne and take wjvantsge ofihe small companie5, exemption in prEparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of tW5tees As explained rnore fully in the trustees. responsibrbties statement set OLrt on page 10. the trustees (who are also the directors of the ¢haritsble company for the PLJrposÈs of company law} are responsitje for the preparation of the financial $18lemenls an(J for being satisfierl that they grve 8 true and fair view, and for such intemal control as the trustees detemiine is necessary to enable the preparabon of financial stalements that are free from material misststemenl, whether due to fraud or err¢y. In preparing the financial slalements. the trustees a￿ responsible for assessing the charitable company's ability to continue as a going concem. disclosing. as appli¢able. rn8tters related 10 90ing wncern and using the going con￿rn basis of 8¢counling unless the trustees erther intend to liquidate the ch8ritsble company or to cease operations. or have no realistic altemalive but lo do so. Audltor's responsibilities for the audit of the financial staternents Our objectives are to obtsin reasonable assurance aboth whether the financial ststements as a whole are free from material misstslemenl. whelher due ￿ fraud or error. and to issue an audilor's report that includes our opinion. Reasonable assurance is 8 high level of assuran￿ but is not a guarantee that an audit conducted in accordance wlh ISAS {UKI will ahvays detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate. they could reasonably be expected to influence the economic decis+ons of users taken on the basis of Ihese financia5 statements. Irregularities. induding fraud. are instances of non-compliance with law5 and regulations. We design procedures in line wth our responsibilities. outlined above, to detect material misststements in respect of irregularities, including fraLKI. -12- SPRING NORTH LTD INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 The specific procedures for this engagement and the extent to which these are capable of detecting irregulafities, including fraud is detailed below: Obtaining an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on those laws and regulations Ihat have had a direct effect on the finanaal slalements. The key laws and regulations we considered in this contexi relate to the Charilies Act. In addition, we consider compliance with employee legislation, a5 fundamental to the Charity's operation5" Discussions wth management. induding considerathjn of known or suspected instances of non- compliance wth laws and regulakn.ons and fraud: Enquiry of management and those charged wilh governan￿ around actual and potential lrtigation and claims-, Performing audit work over the risk of management override of controls. including testing ofjournal entries and other adjustmenls for approprialeness. evaluating the business rationale of S￿nIfICant transact¢ons outside the nomial course of ￿sInesS and reviewng accounting estimates for bias". Reviewing minutes of meetings of those charged wth goveman¢e- and Reviewing finanaal statement disdosures a￿1 testbng to supporting documentation to assess compliance with applicable laws and ￿gUlatiOns. Because of the inherent limitations of an audit. there is a risk that we will not detect 311 irregularities. induding those leading to a material misststemenl in ihe financial stslemenls or non-compliance with regulation. This risk increases the more ihal compliance with a law or regulats.on is removed from the events and transactions reflected in the financial ststements, as we will be less likely to becorne aware of instances of non-¢ompli8nce. The risk 1$ also greater regarding rrregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery, collusion. omission or misrepresentatR)n. A further description of our responsibilrties is available on the Financial Reporb"ng Council's website al". https'.Ilww.frc.org.uklOuT-WorklALtdiVAudit-and-assurancelStandards-and-guidancelSlandards-and4Juidance- for-auditors/Auditors-responsibilities-for-auditlDescripb"on-of-auditors-re5ponsibilities-for-audit.aspx. This description forms part of our audi￿$ report. Use of our report This report is made 501ely to the charitable company's memkrs, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members Ihose matters we are required to stste to them in an audilorfs reportand for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members a5 a body. for our audrt woik. for this report. or for the opinion5 we have formed. Nicola Mason (S•nior Statutory Auditor) For and on behalf of hlHA Moore and Smalley. Statut(*y Auditor Richard House Winckley Square Preston PR1 3HP Dale". 0811212022 -1 SPRING NORTH LTD STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING THE INCOME AND EXPENDITURE ACCOUNn YEAR ENDED 31 MARCH 2022 Unrèsttiei funds Restrictèd funds 2022 Totsl funds 2021 Total funds Note InGom• from: Charitable activities 1.562.294 1.562.294 1,176.404 Other income 41,758 41,758 27.622 Total incorne 1.604.052 1,604.052 1,204.026 Expenditure on: Charitable activities 1.560.498 1,$60.498 1.182.850 Total expenditure 1.560.498 1.560.498 1.182.850 Net Incomel(expenditure) 43,5S4 43,5S4 21.176 Transférs bètwèèn funds Net movement in funds 43.554 43,554 21.176 Re¢oncillation of funds Fund brought forward at 1 April 2021 206,923 206.923 185,747 Funds carried forward at 31 March 2022 250,477 250.477 206,923 The Statement of Financial Actimties indudes all gains and kjsses in Ihe year. All of the above amounts relate to Continuing acbvities. -14- SPRING NORTH LTD 8ALANCE SHEET AS AT 31 MARCH 2022 Unrestricted funds Restricted 2022 funds Total funds 2021 Total funds Note Current assets Debtors Cash at bank and in hand 187.339 309.376 187,339 309,376 110.514 219,885 496.715 496,715 330.399 Creditors- amounts falling due within one year 10 {246.2381 {246.238) (123,4761 Net current assets 250.477 250,477 206.923 Total assets less current Ilabilitles 25LI.477 250,477 206.923 Funds Oesignated funds Unrestricted funds 11 250,477 250,477 206.923 Total funds 250,477 250,477 206,923 The notes on pages 17 to 26 fomi part ofthese acccwnts. 06112f2022 These account5 were approved by the Ttustees on ............................... and sNJn￿l on their behalf by." L Tapner Trustee Company Registration Number. 07797133 -15- SPRING NORTH LTD CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Cash generated from operating activities 89.491 120.846 Cash provided by investlng activit•es Investment income Incrèasèlldocr•as•l in ¢a$h and Cash èquivalents in th¢ year 89.491 120,846 Cash and cash equivalents at the beglnnlng of the y8ar 219,885 99,039 Cash and cash equivalents at the end of the year 309,376 219,885 Reconciliation of net movement in funds to net rAsh flow from operatin9 activities 2022 2021 Net movement in funds Investment income Decreasellincrease) in debtors {Decreaseyincrease in creditors 43,5S4 21,176 176.8251 122,762 10,426 89,244 89.491 120.846 -16- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2022 Accounting policles Legal form The charity constitutes a limited company. limTled by guarante8 as defined by the Companies Act 2006, incorporaleil in England and Wales_ The ￿gIStered office is as ststed on page 1. Basis of accounting The financial statements have been prepared in ac£ordan¢e with AcC￿Jntin9 and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Siandard applicable in the UK and Republic of Ireland issued in OCto￿r 2019. the Financial Reporting Standard applicable in the United Kingdom an¢J Republic of Ireland IFRS 102}. the Charities Act 2011, the CoMpan￿S Aci 2006 aftd UK Generally Acc£pted Accounting Practice. Spring North Ltd meets the definFlion of a public benefit entity under FRS 102. Assets and liabilities 8re initially reccgnised at historical cost or transaction value unless othervAse slated in the relevant accounting policy notes. Preparation of the accounts on a going contèm basls As wth most organisations. Spring North has been affected by the Covid-19 pandemic. Whilst there was the potential for an adverse financi81 impact. the charity was able to work with commissior)ers Io PLrt in place altemative delivery methods such that Ihe majority of servi￿$ C￿1￿ be maintained. Spring North has not been impacted by eady temiinab.on of eA)ntracts. however a couple of contracts finished at the end of the financial year. which supported spècifically Ihe homeless population. However, management havè been successful in sefxring addition81 funding ta be abl8 to maintain these servi¢es. Whilst the funding landscape beyond 31 March 2023 is not yet certain. the Board are confident they will be able to maintain the existing level of income through the continuation of cLJntracts and a positive Suc￿sS rate in funding applications. The Trustees have perfomied a going concem rewew and are satisfied the Charity has sufficient funds broLJght fO￿ard to cover core salaries and overheads for at least the fvlelve-month period following approval of the accounts. Therefore. at the time of appmval of the financial statements. the trustees have 8 reasonable expeclation that the charity has adequate resources to continue in operational existence for al least the fvJelve-nv)nth period followng approval of the accounts. Thus. they continue to adopt the going concem basis of accounting in wepaiiThJ the finanaal statements. Incoming resources Income is recognised when the charity has entillemenl to the funds. any performance eondib.ons attached to the item of income have been met. it is probable that the incoffE wll be receNed. an¢J the anKJunl can be measured reliably. The fcllowing spectfic policies are applied: Voluntary income is received by way of granls and donations and 15 induded in full in the Statement of Financial Activities ISOFAI when receivable. Grants where enlitlemenl is nol Conditional on the delivery of a specific performance by the charity are recognised when the charity becomes uncondit￿nallY entitled lo the grant. Investment income is indude¢J when receivable. Contract income is recognised when the conlraclual obligations have been fulfilled. Where the ¢onlra¢l is still in progress, income is recognised to the extent that it has been earned. -17- SPRING NORTH LTD NOTES TO ThE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 A¢￿U￿ting policies (continued) Fund accounting Unrestricted furKJs can be used in accordance ￿1h Ihe charttable objectives at the discretion of the Injslees. ReslNcte¢J funds can only be used for particular restricted purposes within Ihe objects of the eharily. Reslriclions arise when spe(ified by the donor orwhen funds are raised for particular restricted purposes. R8sources eX￿nded and irrecoverable VAT Expenditure is recognised once there is a legal or Constructive obligation to make a payment to a third party. it is probable that settlement will be required. and the amount of the oblTgation can be measured reliably. Expenditure on charilable activities indudes the costs of charitable actimties undertaken d1￿CtlY to furiher the purposes of the charity and their a%￿lated support u)sts. Allocation of support costs Support costs are those functions that assistlhe v+r1￿ of the charity but do not d1￿CtlY undertake charilable activities. Support costs include back-office costs. finance. personnel, payyoll and govemance cosls which support the chanty's 8ctivitie5. These costs have been allocated be￿een expenditure on a basis consistent wilh the use of resources. Financial instruments The charity only has financial assets and finan¢ial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inilially reC￿niSed at Iransadion value and subsequently measured at their settlement value. Operatlng leases Rentals payable are charged on a tsme basis over the lease term. Judgements and kèy sources of èstlmation uncertainty There have been no significant iudgements {apart from those involving eslimalesl made in the process of preparing Ihe financial statements. There have been no key assumptsons conceming the ftjtu￿ and other key Sou￿$ of estimation uncertainty at the reporting date that have a significant risk ofcausing a m*erial adjustment to the carying amounts of assets and liabilities wthin the nexi financial year. -18- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Incoming resources from charitsble activities Unres￿￿¢￿ funds Restricted funds 2022 Total fund$ 2021 Total funds Income for dèlivery of servi¢es Blackburn with Dawen Bor￿gh Council= Genetics Project HMO In Reach Officer Pause 4 Thoughl IP4TI VCFS Phase 2 FTE Uplift Rapid Rehousing Community Ambassadofs Personal Nawgatorsupwrt Community Champions Rough Sleepers Initi'ative Holiday Activibes Fund Blackburn with Darwen Healthy Liwng 6.760 29.983 17.500 32.322 1.1K)1 29,983 17,$00 32,322 1,001 75,408 64,835 17.600 81.500 1.330 55.000 74.009 56.300 11.288 81.500 1,330 55,000 74,009 56.300 11.288 Oldham Counal.. Genelu Oldham 54.750 Lancashire Country Coun¢il= Holiday Actmties Fund 471.8S2 471,852 L8ncashire South Cumbria NHS Foundation Trust- Healthy Child Programme 125.793 125,793 Birmingham Cty Council: Slop Loan Sharks 6,300 Community Foundation.. Community Acts'on Fund 1,SOO Department of Educalicfi= Holiday Activities & F￿d Fund 600,650 Homeless Link.. Homeless Intensive Support 36.397 Lancashi￿ ca￿ NHS Foundation Trust.. Healthy Child Programme Perinatal Mental Health Supp￿1 83.317 70.000 -1 SPRING NORTH LTD NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Incoming resources from charitable activities {Continuedl Unrestricted funds Restricted funds 2022 Total funds 2021 Total funds Income for delivery of sewvices NHS England: VCFS Leadership Ne￿Ork Health 8 Wellbeing Fun¢J Liaison & Diversion 137.374 137.374 34.650 DWP Rescwrce Management.. Kickslart 172,386 172.386 NHS BlackF4JoI CCG". PHM Parity of Esteem Training Programme 13,0 50,000 Sustain Food Power.. Feeding Fulure Generatifms 1.100 1,100 13,450 The Football FoU[￿allon.. Active Through FootbaN 5(K) 500 4,500 National Lottery 43.843 Managemént fee for corn s•piice$ 236.756 236,756 116.744 1.562.294 1.562,294 1.176.404 Included wthin income fr(Kn charitable activities is unrestricted income of £1.562,294 {2021.. £1,075,222) and restricted incr￿e of £nil12021.' £43.843}. Other income Unrestricted lunds Resirfj¢ted lund$ 2022 Total funds 2021 Total funds Coronavirus Support Grant Coronavirus Job Retention Scheme Miscellaneous Income Service Income 10,000 8.999 5.000 3.623 4.298 37.640 4.298 37.460 41.758 41.758 27.622 Included wthin other income is unrestr￿ted income of £nil {2021.. £nil) and restricted income of £nil {2021= £nill. SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Casts of charitable activitie5 Activiti05 dIre￿Y undertoken {notè 61 Support and governance costs Inote 61 2022 Total lunds 2021 Totsl funds Genetics Project VCFS Phase 2 Genetics Oldham Community Action Fund Holiday Aclivities & Food Fund Holiday Activities & Food Fund Preston Homeless Intensive Support Healthy Child Programme Perinatal Mental Health Support VCFS Leaéership Neiwotk Rapid Rehousing Community Ambassado Liaison & Diversion Feeding Future Generations Active Through F(xJtball Stop Loan Sharks BAGS Community Champiorks ED Interventions HMO In Reach Homeles5 Link Kickslart P4T Recovery Volunteering Rl Champions BP Engagement Spring North Hub 6,620 6.620 13,106 79.376 61,303 2,500 684,000 71.728 471.656 44.700 32.899 116,428 $04,555 40.455 95.477 9,000 5,000 65,810 8,200 38,500 13,446 5,000 700 88.316 7.161 10.000 5,000 5,000 19.669 95.477 10,000 5.000 82,687 99.907 77.687 80.238 6.600 6.699 2.500 6.296 4.298 60,000 42,476 26,250 18,017 215,003 43.750 38,686 165,052 4,438 2.000 6,296 4.298 55.000 36.476 26.250 13.000 182.260 23.750 36.758 122.790 5.000 6.OCK) 5,017 32.743 20.OCKJ 1.928 42.262 4,438 6.359 60,977 1.303.604. 256,895 1.560.498 1.182.850 -21- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Costs of charitable activSties {continued) Prioryear costs of charitable activities Activit18S Support and directly governance undertaken Costs Inole 6} Inote 61 2021 Total funds 2020 Total funds Genetics Project Mental Wellbeing Hub IAG VCFS Phase 2 Reducing Reoffending Genetics Oldham Community Action Fund Holiday Activilies & Food Fund Homeless Intensive Support Small Grants Heallhy Child Programme Leadership Grotjp Admin Support Perinatal Mental Health Support VCFS Leadership Nefv¥ork Rapid Rehousing Community Ambassadors Liaison & Diversion Feeding Future Generations Active Through Football Slop Lo8n Sharks Spring North Hub 9,246 3,860 13.106 9.923 45,000 278,444 356,270 4,500 60,960 75,408 3.968 79.376 54,053 1,500 597,225 36,395 7.250 1.000 86.775 4.(￿0 61 ,303 2,500 684,000 40,455 6,800 92,486 4.678 83.317 12.160 95,477 8,000 9.000 5,000 65,810 8,200 38,500 13,446 5,000 700 60.977 5.000 165 5,000 53,251 122,633 9,626 65.645 8.200 34,650 13.446 4.500 3.850 500 700 50.977 10.000 45.764 1.001.585 181.265 1.182.850 1,095.335 -22- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Costs of charitable activities analysed by nature 2022 2022 Support costs 2021 2021 Support costs Direct ¢osts Direct costs Staff costs Payments lo setvice providers Travel and subsisience Grants to institutions Aclivrties an(1 spot purchasing Training Meeting costs Marketing Consultsncy fees ststionery and consumables Telephone Accommodalion Insurance IT Support Bank charge5 Bad debts Light and Heating Costs Professional fees, finance support & payrom Govemance costs- audit and arLounts fee 191,261 17,288 1.519 40,801 921,626 98 11,500 22,416 5.144 127.816 1.221,907 6.000 37,096 38,600 2.869 678 833 14.846 {3,2801 485 546 10,425 2.908 11.570 254 2.150 370 8,709 13,220 126 547 8,354 2,761 6,246 221 3,749 2.838 4.158 4,693 1.303.604 2S6.894 1,001.585 181.265 During the year ended 31 March 2022, 2 members were awarded a totsl of £6.000 in small grants12021: £11,500). Nat {incoming)loutgoing r¢$ourc•s Net resources are stated after chargingl{credibngl.' 2022 2021 Independent audrtors, remuneration". Au¢Jil fee lexdusive of VATI Other seryices (exdusive of VAT} 4,693 3,465 -23- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysls of staff costs. trustee remuneration and expenses and the ¢ost of key management P9rsonnel 2022 2021 Total staff costs were as follows- Wages and salaries Social security costs Pension costs 178,626 10,555 2.080 156,534 9,832 2.251 191,261 168,617 Parti¢ular$ ¢f employet$= The average number of employees duriThJ the year was as follows.. 2022 No 2021 No Management Information and administralion No employees rec£ived emoluments of more than £60.000 during the year {2021". nill. None of the trustees received any remuneration during the cuThent or prewous year. No travel or related expenses were ￿1MbUrSed to trustees during the year (2021.- £nil). The employee benefits paid lo key management personnel induding employers Nl and employerfs pension contribulions during Ihe yearwas £52.64412021-. £53.0481. Debtors 2022 2021 Other debtors Prepayments 185.488 80,088 187.340 110,514 -24- SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10 Creditors: Amounts falling duè within one year 2022 2021 Accruals and deferred income Taxation and other soual security Other creditors 244.655 1.425 158 121.097 1,425 954 246.238 123,476 Includeé vAlhin ￿￿1t¢¥$ falling due within one year is deferred income of £80,750 12021= £106.1841 iel8ling to y3￿0u$ contracts indudtng The Hdiday Activities & Focmi Fund and the Homeless Link Fund. 11 Fund mov•m¢nl Brought forward at 1 April 2021 Carrled fonvard at 31 March 2022 Incomlng resources Outgoing resources Transfers Unréstricttd general funds 206.923 1,604,052 (1.560.498) 250.477 Designated funds Small grants Total unrestricted funds 206.923 1,604,052 11.560,4891 250,477 Restricted general funds Total ftsnds 206.923 1.604,052 11,560.489) 250.477 Small grants fund The small grants fund provides members Wth the opw)rtunity to bid for fuTrJin9 to Tun one off projecls. -2& SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2022 11 Fund movement {¢ontinued) Prioryear fund movement Brought forward at 1Apri 2020 Carried forward at 31 Mareh 2021 Incoming resources Outgoing resour¢Ès Transfers Unrestricted general funds 175.747 1.160.183 11.129.007) 206,923 DesSgnated funds Small grants 10.( 10,000 iio.0001 110,000) Total unrestricted funds 185.747 1.160.183 11,139.0071 206.923 Rostrieted general funds 43.843 {43.8431 Total funds 185.747 1.204.026 (1.182,8501 206.923 12 F•nanclal instrumènts 2022 2021 Carrying 8mount of financial assets Debt instruments rneasured at 8mrwts.sed C￿$1 177,021 80,088 Carrying amount of financial liabilltles easured al amortised cost 1.425 1.425 13 Operating lease commitments Al the reporting en¢J date. the charity had outstanding commitments fow futu￿ minirnum lease payments under non-C8ncellable operating leases. which fall due a5 follows.. 2022 2021 Within one year Within iwo lo five years Over five years 850 676 850 676 SPRING NORTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14 Related party transa¢tlons Representatives. either Senior Employees or Trustees. from of the member charities srf( on the Board of Spring North Ltd. The Tnembei organisations are eligible to sub-contract and ¢ommission work from the consortium. These servi￿$ are perfomied under formal conlracis which are ¢ommissioned as P8rt of an independent tendering process. in whi¢h the relevanl individuals are not involved in discussions regarding their own Organisat￿n5. During the year commissH￿ing Costs of £1,192,675 {2021.. £687.347} were paid lo the members of Ihe consortium. 15 Company limited by guarantse The charity is a company limited by guarantee. In the event of the tharity being wound up or dissolved, each member undertakes lo contribute such arrK)vnl as is required, not exceeding £10, for payment of any debts or liabilities. -27- ## **Spring North Ltd** **Audit Findings Report for the year ended 31 March 2022** 1 ## **Contents** Executive summary Significant risks Financial statements Adjusted misstatements Unadjusted misstatements Control deficiencies and recommendations Other matters Written representations Communication plan Confirmation of independence and objectivity 3 5 8 9 10 11 12 13 14 15 ## **Executive summary** ## **Introduction** This Audit Findings Report (AFR) has been prepared to aid discussion with you about the significant and other matters encountered during the audit and how we have concluded on them. ## **Audit risks** We have obtained sufficient and appropriate audit evidence to be able to conclude on the risks identified in the Outline Audit Strategy. ## **Going concern** The financial statements have been prepared on the going concern basis. We believe that this is appropriate because the charity appears to have sufficient funds to continue in operational existence for at least the twelve month period following approval of the accounts. ## **Financial statements** We have reviewed your draft financial statements and can confirm the accounting policies appear appropriate and have been applied consistently; the disclosures are in line with the 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. The assumptions used in your key accounting estimates are reasonable We do not expect to modify our audit or otherwise include either an ‘emphasis of matter’ or ‘other matter’ paragraph. ## **Misstatements** We have identified a number of misstatements during the course of our work, however these fall below our materiality level. Total unadjusted misstatements, as shown on page 10, represent a net overstatement of surplus of £582. 3 ## **Executive summary (continued)** ## **Control recommendations** There are no control recommendations in respect of the current year. We followed up on the prior year recommendation on page 11. ## **Written representations** In addition to the standard management representations, we will be requesting the following specific written representations from you: - You have reviewed and approved the adjustments on page 9, - You do not believe that the unadjusted misstatements on page 10 require adjustment as they are immaterial individually and in aggregate. - You do not expect any claw-back of funding on underspent projects. ## **Independence** As we noted in our Outline Audit Strategy document, we considered that appropriate safeguards were in place to address the threats to our independence. There have been no changes since we communicated with you at the planning stage. 4 ## **Significant risks** The significant audit risks identified at the planning stage are set out below, together with the results of our testing: |**Risk**|**Audit work and conclusion**| |---|---| |**Revenue recognition**
Income the charity is entitled to in the year may not be correctly stated in the accounts or may
have been recognised in the incorrect accounting period.|We have reviewed all significant contracts to identify whether there were any potential claw backs
and whether the receipt of funding was performance related.
Our audit testing has provided sufficient assurance that income appears to be materially complete
and recognised within the correct accounting period.| |**Management override of controls**
The risk that unauthorised transactions are processed in the accounting records.|We have reviewed cashbooks and non-recurring journals for any non-routine transactions outside
the normal course of business.
No evidence of management override was identified throughout the course of our audit work.| 5 ## **Significant risks (continued)** **Risk** ## **Completeness and validity of commissioning payments** Amounts payable to other service providers may not have been recognised in the same accounting period as the associated services were provided and the income was generated. ## **Trustees’ annual report (TAR)** The Trustees’ annual report may not be consistent with the accounts and all required disclosures may not be included. ## **Audit work and conclusion** We have reviewed significant contracts to identify the milestones at which commissioning payments to other service providers fall due. We have considered whether these milestones have been met at the balance sheet date to ensure the validity of commissioning payments already accounted for and to consider whether any additional costs should be accrued. Sufficient audit testing has been performed to provide assurance on the completeness and validity of commissioning costs. We have read the TAR and ensured that it fulfils the minimum requirements, including all items as required under FRS 102 and the Charities SORP. We have ensured any principal risks are in line with our understanding of the charity’s environment and any reference to financial figures agree to our understanding of the financial performance during the year and the figures disclosed within the financial statements. The annual report appears to be consistent with the accounts and all required disclosures appear to have been included. 6 ## **Significant risks (continued)** |**Risk**|**Audit work and conclusion**| |---|---| |**Going concern**
The risk that the charity has insufficient funds to continue in operation for at least the twelve month
period following approval of the accounts.|We have obtained management’s assessment of going concern and have considered whether there
are any events or conditions which could cast significant doubt over the charity’s ability to continue
as a going concern.
We have reviewed the forecasts in place for 2022/23. Whilst forecasts are not yet available for
2023/24, we are satisfied that the charity appears to have sufficient funds brought forward to be able
to continue to pay core running costs for the twelve month period following approval of the
accounts, should there be a sudden unexpected loss of income.
We have obtained sufficient comfort that the charity appears to be a going concern, and we are
satisfied that sufficient disclosures which support this conclusion have been included within the
accounts.| 7 **Financial Statements** We are required by ISAs to make certain communications you as set out below: |**Aspect of financial statements**|**Conclusions**| |---|---| |**Accounting policies and financial statement disclosures**|The financial statements have been prepared in accordance with the 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. As part of our audit work, we have reviewed your draft financial statements including the accounting policies which we
found to be appropriate and have been applied consistently.| |**Key accounting estimates**|We have identified no key accounting estimates.| |**Audit report**|There are no expected modifications to the audit report and we do not intend to include either an ‘emphasis of matter’ or ‘other matter’
paragraph.| |**Other matters we are required to report to you**|There are no other matters that we need to report to you in respect of the financial statement disclosures.| 8 ## **Adjusted misstatements** This is a summary of the adjustments made to the financial statements during the course of our work: There are no adjustments to the management accounts. 9 ## **Unadjusted misstatements** This is a summary of the uncorrected misstatements identified during the course of our work. You will be asked to confirm via the letter of representation that you do not consider it necessary to adjust for these items as they are considered immaterial, individually and in aggregate |**Balance Sheet**
**Dr**
**Cr**|**Balance Sheet**
**Dr**
**Cr**|**Balance Sheet**
**Dr**
**Cr**|**Statement of Financial Activities**|**Statement of Financial Activities**| |---|---|---|---|---| |||**Cr**|**Dr**|**Cr**| |Understatement of audit accrual to reflect VAT||(£578)|£578|| |**Total**||**(£578)**|**£578**|| |**Impact on reserves**|||**£578**|| 10 ## **Control deficiencies and recommendations** The purpose of our audit was for us to express an opinion on the financial statements. It included consideration of internal controls relevant to the preparation of the financial statements in order for us to design appropriate audit procedures, but not for the purpose of expressing an opinion on the effectiveness of internal controls. The following are deficiencies that the we identified during the audit that we believe should be brought to your attention. ## **Prior period matters** We have summarised how we followed up on the matters identified in the prior period as follows: |**Control deficiency**|**Recommendation**|**Follow up**| |---|---|---| |**VAT Liability**
The VAT liability of £1,425 from Q3 2019 remains unpaid as at
the audit date due to ongoing issues with the system & HMRC.
Whilst subsequent VAT returns on QuickBooks show a nil
liability owed, regular VAT returns still need to be submitted
quarterly to avoid any penalties.|Discussions should be held with HMRC to resolve the problems
around the submission of VAT returns.|The £1,425 has now been repaid to HMRC.| 11 ## **Other matters** There are no other matters we wish to discuss. 12 ## **Written representations** As part of our completion process, we will ask you to provide a letter making certain representations to us including that: - You have fulfilled your responsibilities in respect of the preparation of the financial statements including that they reflect all transactions and any assumptions in respect of estimates made are reasonable; - We have had access to all relevant information, books and records; - Individual and aggregated unadjusted misstatements are immaterial; - You have disclosed any non-compliance with laws and regulations/ litigations and claims to us and that they have been accounted for appropriately; and - Any relevant post-balance sheet event adjustments/ disclosures are properly included in the financial statements. Additionally, we will request representations on certain matters in respect of fraud and related parties and: - You believe that the charity’s financial statements should be prepared on a going concern basis - You do not expect any claw-back of funds on underspent projects 13 ## **Communication plan** As we noted in our Outline Audit Strategy Document, ISA 260, ISQC (UK) 1* and certain other ISAs specify the communications we are required to make and we have summarised these as follows. |**Required communications**|**OAS**|**AFR**| |---|---|---| |The respective responsibilities of the auditor and management/ those charged with governance||| |An overview of the planned scope and timing of our audit, including the significant risks we have identified||| |Significant facts and matters that may bear upon our integrity, objectivity and independence||| |Non-compliance with laws and regulations||| |Events or conditions identified that may cast significant doubt on the entity's ability to continue as a going concern||| |Our views about significant qualitative aspects of your accounting practices, including accounting policies, accounting estimates and financial statement disclosures||| |Any significant matters arising and/ or significant difficulties encountered during the audit||| |Uncorrected misstatements the effect they may have on the opinion on our report||| |Significant deficiencies in internal control identified during the audit||| |Circumstances that will affect the form and content of our report, including modifications to the auditor's report or the inclusion of an emphasis of matter paragraph||| |Identified or suspected fraud which results in a material misstatement of the financial statements and whether it involves management||| |The written representations we are requesting||| In addition, we will maintain other such timely communication as required throughout the audit to ensure there is robust two-way dialogue between us and those charged with governance, particularly if we encounter any significant difficulties during the audit. _* ISQC (UK) 1 (Revised November 2019), Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements._ 14 ## **Confirmation of Independence and Objectivity** In line with the FRC’s Revised Ethical Standard 2019, as part of our audit planning procedures we are required to assess any threats to our integrity and objectivity, including any which could impair our independence. Where such threats are identified, we are required to implement safeguards which will either: - Eliminate the threat; or - Reduce the threat to level at which independence is not compromised. We have identified the following potential threats and have outlined how we plan to guard against them: **Threats Safeguards Non-audit services** We consider the preparation of your financial statements to be mechanical in nature. We prepare your financial statements which could give rise to management and self-review Management will be asked to approve the financial statements and any threats. adjustments proposed in arriving at the final reported figures. Our firm prepare and submit the dormant corporation tax return for the charity (as and when This service is carried out by the corporate tax team who are independent from the audit a return is requested from HMRC) which could give rise to an independence threat. team. In addition, all of our partners and staff are required to make annual declarations about their independence and ‘fit and proper status’. We consider that appropriate safeguards are in place to address the threats to our independence. We confirm that MHA Moore and Smalley and the engagement team are independent and that our integrity and objectivity are not impaired. 15 This memorandum has been prepared by MHA Moore and Smalley in connection with the audit of the financial statements of Spring North Ltd and has been prepared solely for the benefit of this organisation. MHA Moore and Smalley neither owes nor accepts any duty of care to any third party and shall not be liable for any loss, damage and/or expense which is caused by any reliance that any other party may place on this information. Moore and Smalley LLP is a limited liability partnership that is registered in England and Wales under registration number OC313896 whose registered office is Richard House, 9 Winckley Square, Preston, Lancashire, PR1 3HP. The term “partner” indicates a member of the LLP who is not in partnership for the purposes of the Partnership Act 1890 and a list of members is available from the registered office. The LLP trades as MHA Moore and Smalley and is registered to carry on audit work in the UK by The Institute of Chartered Accountants in England and Wales and is authorised and regulated by the Financial Conduct Authority. Moore and Smalley LLP trading as MHA Moore and Smalley is a member of MHA, an independent member of Baker Tilly International Limited, the members of which are separate and independent legal entities. Baker Tilly International Limited is an English company. Baker Tilly International provides no professional services to clients. Each member firm is a separate and independent legal entity, and each describes itself as such. Moore and Smalley LLP is not Baker Tilly International’s agent and does not have the authority to bind Baker Tilly International or act on Baker Tilly International’s behalf. None of Baker Tilly International, Moore and Smalley LLP, nor any of the other member firms of Baker Tilly International has any liability for each other’s acts or omissions. Arrandco Investments Limited is the registered owner of the UK trade mark for the name Baker Tilly. The associated logo is used under licence from Baker Tilly International Limited. Moore and Smalley C.A. Limited is a limited company that is registered in England and Wales under company number 5373155. Its directors are Deborah Wood FCA and Christine Wilson FCA and its registered office is Richard House, 9 Winckley Square, Preston, Lancashire, PR1 3HP. Moore and Smalley C.A. Limited is a wholly owned subsidiary of Moore and Smalley LLP and trades as MHA Moore and Smalley. Moore and Smalley LLP (Blackpool) is a member of AISMA, Association of Independent Specialist Medical Accountants. Moore and Smalley C.A. Limited (Nottingham) is a member of AISMA, Association of Independent Specialist Medical Accountants. 16