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 2023
MOORE & SMALLEY

SPRING NORTH LTD
CONTENTS
YEAR ENDED 31 MARCH 2023
Page
Reference and administration details
Trustees, Annual Report
Independent Auditors, Report to the Trustees
Stslement of Financial Activities
14
Balance sheet
15
Cash flow slalement
16
Notes to the financial statements
17

SPRING NORTH LTD
CHARITY REFERENCE AND ADMINISTRATION DETAILS
YEAR ENDED 31 MARCH 2023
Rogistergd Charity Name
Spring North Ltd
Charity Registration Number
1150126
Company Registration Number
07797133
Registered Office
1 Exchange Street
Room 103
Blackburn
Lancashire
BB1 7JN
Auditor
MHA Moore and Smalley
Chartered Accountants & Statutory Auditor
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 2023
The Iruslees, who are also directors of the charity for the purposes of the Companies Act 2006, present their
report and the audited accounts for the year ended 31 March 2023.
Spring North
The charity changed its name from Families Health and Well Being Consortium lo Spring North in November
2019. The new name, logo, vision and valLJes were launched in November 2019.
Structurei govemance and management
The charity is a company limited by guarantee. It is managed by a board of experienced Iruslees which is
responsible for ensuring the financial stability of the charity and providing advice on policy and resource
management.
The company was incorporated on 4 October 2011 and was registered with the Charities Commission on 11
December 2012.
The trustees who Se￿ed the company during the year were as follows..
N Adamson (resigned 27109120231
A Barrass
L Baxter
C Bennell
S Colton
D Edmundson IChairperson}
l Gibbs
A Greenwood
A Leather
A Patel (appointed 12107120231
S Swindley (Deputy Chairperson)
L Tapner
An invitation lojoin the Board is sent out with the AGM papers prior lo the meeting. Nominations are re￿iVed and
voted on at the AGM by members.
AS part of the induction and training programme, new Board members are required to..
Meet the description outlined In the role of directors
Comply with the process for election of directors
Agree with the Code of Conduct
Register any conflicts of interest and directors, interests
Complete a skills audit to identify strengths and potential skills gaps
All of the above are outlined in the Spring North Directors Manual 2016. None of the trustees have any beneficial
interest in the company.
Overall management of the charity is the responsibility of the Iruslees who are elected and co-opted under the
terms of the Memorandum of Articles of Association. Day lo day project activity is carried out by the Chief Officer
of Spring North and staff.
The Board of Trustees have delegated responsibility to the sub-finance committee for recommending pay and
remuneration and establishing benchmarks and parameters used to set pay scales and wage increases for key
management personnel. Overall responsibility lies with the Board members.

SPRING NORTH LTD
TRUSTEES. ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
Objectives and activities
Spring North is a member-based charity
comprising 190 independent VCFSE organisations from across
Lancashire. Our aim is to support these organisations to provide wellbeing for all across the geography through
collaboration and partnership working. We aim lo do this by redesigning support and services lo reflect the
changing landscape of health and social care, addressing disadvantage, reducing ineqLJalib'es and improving the
resilience of local people. Through collaborations and innovation, we will achieve impact.
Our values
Dynamic- Spring North is the driving for￿ lo improve health and wellbeing in our communities
Caring- We support all our members and communities with care and consideration
Influenlial-we are a Vol￿ within our communities that will change lives through commitment and passion
Trusted - We are respected, recognized and accountable to our members and stakeholders
We have a strong track record of contract management & sub-conlracl delivery and the feedback from
commissioners, funders and delivery partners has consislenlly been good over the 11 years of our formation.
Spring North has in place an agreed process for sub-contracting which allows for internal competition for delivery
of work where appropriate - all members are signed up lo these arrangements. Spring North provides a single
point of contract for commissioners and ensures the following..
Inte
ration
The collaborative approach lo planning and delivery allows for integrated support lo be rolled out across
Lancashire. Sub-conlracled organisalions report dIreC￿Y to Spring North using an agreed format- which are then
consolidated into a single report for the funder.
Quali
All member organisations are required to evidence a quality kite-mark as a pre-requisite for membership. Quality
of provision is monitored through regular meetings with our membership and the service users.
Com
liance
Sub-contracted organisalions are required to sign an agreement with Spring North outlining their obligations in
terms of service delivery and financial monitoring. These are monitored on a quarterly basis.
Accountabili
Systems and processes for reporting and monitoring are agreed with the sub-contracting organisation and Spring
North. Accountability for the delivery of work lies within the delivery partnership bul rests firmly with Spring North
as the contract holder.
Performance
Agreed performan￿ measures are outlined with funders at the outset of the contracts and monitored on
quarterly basis.
Efficienc
Through re-alignment of service provision, better collaboration and asset building, the Spring North model reduces
duplication of servI￿s, ensures an end-lo-end support service for the target groups and a personlfamily focused
approach lo roll-out.
Regular consultation with service users is an integral part of the work undertaken.

SPRING NORTH LTD
TRUSTEES. ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
Who wo are:
Spring North is a member based charitsble company estsblished and incorporated as a company in October
2011 and registered as-a charity in December 2012 and renamed and relaunched in November 2019. The
organisations that make up Spring North are drawn from the VCFS across Lancashire. The trustees (who are also
the Board of Directors ofthe company) are elected annually by the membership and are nominated by the member
organisations themselves. There is also a minimum of two independent non*xecutive directors, one of whom
undertakes the role of Chair.
How do we meet our vision and values?
Provide a structure lo support partnership and multi-agency working across our members in order to
deliver commissioned and grant funded ServI￿S throughout Lancashire and the North Wesl
Ensure the provision of effective, quality-assured service delivery lo individuals, families and
communities, tendering for contracts and funding on behalf of members
Manage contracts and lenders and monitor outputs and outcomes
Provide a single point of contact for commissioners and funders
Undertake both general and specific research lo identify the needs of local communities and
determine appropriate solutions
Provide business support and training lo member organisalions that builds their capacity and
increases their effectiveness to meet the needs of their beneficiaries
Provide ne￿OrkIng opportunities and regular meetings with, and for, members and other
stakeholders to encourage collaboration and strategic working
Share best practice and enable our members to provide innovative solutions lo meet local need
Facilitate communication between the member organisalions and other stskeholders
Gather and share data - pooling knowledge and expertise lo build capacity in the sector, ensure
resilience and reduce duplication of provision
Provide regular opportunities for member organisations to engage with the broader agenda of He2￿h
and Wellbeing Iransfomialion
Why a consortium approach?
To enable members to work together in order to apply for lenders and grants that require a range of
skills and expertise not found within a single agency
To create clusters of expertise and support for organisalions to draw on, whether they offer a
specialist or generalist service
To develop synergy and added social value by working together - our services delivered across the
whole spectrum of he8￿h and social care to all ages and backgrounds
To provide a system for information sharing- access to research findings, safe systems and protocols
to promote safeguarding and protect client confidentiality
To be used as a vehicle for influence through the size and scope of its membership
To reach a wide geography through our ne￿Ork of local member organisations - enabling us to
provide service delivery across the whole of Lancashire and the North Wesl, touching thousands of
lives
To offer diversity of service provision through members, giving greater scope for innovation
To maximize the breadth of knowledge, skills and experience contained within the member
organisalions and their beneficiaries

SPRING NORTH LTD
TRUSTEES. ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
Why a consortium approach? Icontinuedl
To afford opportunities lo create efficiency savings through the provision of infrastructure support for
all members e.g., payroll, HR, workforce development and to broker services.
To facilitate cohesive service delivery and encourage more partnership funding bids
To provide a platform for accountability and credibility through the provision of quality assured service
delivery Ilhrough membership criteria and annual reviews)
What do we offer?
Spring North offers support to ils member organisations lo deliver - collaboratively a range of inlervenlions in
order lo improve emotional, mental and physical health across the life course and across communities.
Who do we support?
Ultimately the work of Spring North benefits children, families and adults of all ages in the local Communities in
Lancashire and the North West.
Through the lake-up of both specialist and generalist services provided by members, we are engaging with
vulneffible people, assessing their needs (especially physical and emotional health needs) and providing them,
through our member organisalions, with advice, guidance and support in accordance with these. Delivery of
provision is taking place in some of the most deprived local communities with a focus on vulnerable residents
within those communities including..
The long-term unemployed
Lone parents
Carers and their families
Victims of domestic violence
People requiring long term care
People with disabilities
People with mental health needs
The homeless
Offenders and ex-offenders
Young people, including those not in education, employment or training INEETI
Older people
Minority ethnic groups
People affected by substance misuse
The Board of Trustees have paid due regard lo guidance issued by the Charity Commission on public benefit in
deciding what activities the charity should undertake.

SPRING NORTH LTD
TRUSTEES. ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
Achievomgnts and pgrformance
This has been a year of growth for Spring North in terms of our membership which is now at 190 Independent
VCFSE organisalions, in terms of staffing - the team has grown lo 8 members and in terms of commissioning
where the organisation has managed 18 contracts and sutF contracts to 56 members.
Our membership spans the whole geography of Lancashire and South Cumbria allowing us to roll out support
services to a much broader POPLJlalion. This has in turn enabled us lo develop groups of specialist interest
including mental heatth, homelessness and an army of community champions providing information and support
on a range of health issues.
The staffing team includes expertise in IT and marketing as well as training and business development- we
now offer a comprehensive market place of support to our members subsequently leading to a sustainable
income stream to Spring North for these services. The development of bespoke databases for individual
contract monitoring allows us to access real time data on the impact and outputs of our projects.
Our success rate in application of lenders lo award has risen to 780/0 and we have greatly extended the diversity
of funding sources including Local Authorities, NHS, ICB and LSCFT.
In terms of partnership working, Spring North is a leading member of the Lancashire and South Cumbria
VCFSE Alliance and represents the sector on a number of ICB strategic groups. The organisation is well
connected lo our local slatulory partners through (for example) the Pennine Equity Allian￿, BWD Health and
Well Being Board and the ICP Board
Despite the evidential Suc￿sS of the organisalion within the last year, we do not remain complacent and
continue lo seek ways to improve our offer to members, lo funders and most importantly lo the populations we
serve
During this financial year, the Consortium has managed the following contracts..
ARFID
Support lo the training facilities for this bespoke Avoidant, Reslriclive Food intake disorder training and ICB
lo deliver their reslriclive eating training package with a bespoke booking and reporting system, marketing
and promotional material with communications plan
2. Asthma Champions
Training developed and signed off by the Clinical Lead for the L&SC Asthma Care Bundle has been rolled out
across our LSC Champions network to equip them lo deliver key messages around support and self-
management for CYP with asthma. Consequently, allowing us lo create an informed community of voluntary
organisations, community ambassadors, parents and families who understand, are better informed and able
lo manage their child's asthma at home, however, are able to recognise and escalate care swiftly when
necessary.
Champions are expected lo engage in..
Consultation- Active exchange of information with communities, where community members advice on
planned interventions may be sought, e.g. consulting Community Champions on appropriate, innovative, and
effective ways lo engage and deliver key health messages to targeted communities.
Participation: Community Champions work and support broader and targeted communities lo co-idenlify
problems and implement solutions by empowering and supporting communities and structures lo deliver
change.
Community Empowemient.. Community Champions consult widely with and involve communities in local
heallh-relaled issues and use community structures for service provision, e.g., Community Champions liaise
with community members and grassroots organisations lo identify challenges and formulate their own
solutions lo challenges, locally owned and feasible lo achieve a more sustained and accessible solution for
communities.

SPRING NORTH LTD
TRUSTEES. ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
3. Bge Yoursolfwebsite
Commission from Blackburn with Darwen Borough Council to develop an existing website for children and young
people (aged 8-111 and their families, to ensure that they have access to a trusted dieitallonline resource that supports
their individual and collective emotional health and wellbeing. Through the dedicated website. staff/professiona15 have
a secure platform for sharing learning resources, policies and other documents related to health and wellbeing.
Additional supporting work was carried out to fulfil the airred by engaging Wlth PHSE leads and schools, the School
Nursing team, parents, children of KS2 age and other professionals working with children across BWD communities
4. Blood Pressure Casefinding serrfice
Commission trom Lancashire County Council lo upskill community champions to take blood pressure checks
and signpost individuals appropriately into local support based on their presenting needs.
Champions opportunistically identify adults over the age of 18 who have not previously been diagnosed with
high blood pressure and promptly refer them to their GP following a free of charge blood pressure check lat
point of contacll whi151 ensuring easy access to the service through multiple forms of referral (including self-
referral) engaging in a mLJltitLJde of community outreach activities targeting hard to reach groups and those
living in wards with multiple deprivation.
5. BWD Multiply
Commission from Bwd Council to increase numeracy skills and qualifications across Blackburn with Darwen
through Innovative engagement sessions, workshops and courses with the opportunity for formal accredited
qualifications lo enhance the opportunities available lo local people in gaining employment, supporting
childrenlyoung people with homework, and also better use of numeracy in day to day finance and budgeting.
Skills learnt can also support practically with routine activities such as baking or DIY elc.
6. Community Champions
Commission from Blackburn with Datwen Borough Council from May 2022 until September 2022, to upskill
members of the local workforce and communities to share public health messages around Covid infection,
household support, energy advice, health and wellbeing support and gambling advice, to aid families lo
recover safely following the Covid survive the cost of living crisis, and ensLJre families are slaying happy,
healthy and well.
7. Hollday Actlvltles & Food Fund - 81a¢kburn wlth Darwen
Commission from Blackburn with Darwen Borough Council lo deliver lo deliver a quality and action packed
programme of holiday clubs, incorporating meaningful activities and food to engage children and young
people from vulnerable families on Free school meals across the borough. This national funding not only
engages CYP'S, and promotes them to be active and healthy, but increases their social opportunities and
overall wellbeing. Families benefit from an upskilled youth workforce who can support families with a range
of signposting and advi￿ help al the point of need.
8. Holiday Activities & Food Fund - Preston
Commission from Lancashire County Council to deliver to deliver a quality and action packed programme of
holiday clubs, incorporating meaningful activities and food lo engage children and young people from
vulnerable families on Free school meals across Preston. This national funding not only engages CYP'S, and
promotes them to be active and healthy, but increases their social opportunities and overall wellbeing.
Families benefit from an upskilled youth workforce who can support families with a range of signposting and
advi￿ help al the point of need.
Healthy Thinking for Me
Funding from the Community Foundation lo increase universal advice and awareness raising of eating
disorders and body positivity in an aim of reducing numbers of young people developing poor relationships
with food and eating disorders, through group programmes and 1. 1 counselling sessions.
10. Kickstart Gateway Provider
Funding from the Department for Work and pensions. Spring North facilitated apprenticeship funding and
provided training support for the Kickstart scheme to several providers across Lancashire.

SPRING NORTH LTD
TRUSTEES. ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
11. Healthy Child Programmg
Subconlracl from LSCFT Icommissioned from BWD PHI April 2017 - March 2023. To provide support for
families of children under 5, emotional health and wellbeing support for teenage young people and improving
access lo health services (including the Everybody Centrel.
12. Parent Peer Support
Commission from LSC ICB to establish a parent I carer support group in each 'place' across the ICB. Each
group being led by an experienced parent Iuser by experience) and qualified emotional health and
wellbeing professional. The user by experience supported other parents and earers whose children l young
person have any kind of emotional or mentsl health problem. These groups are particularly important for
parents with young people in the risk support quadrant as the groups will be supported by CAMHS
professionals and will therefore provide access lo advice and support when young people are not actively
engaged with CAMHS services and can help identify when circumstances change and a young person may
be ready to access CAMHS supporL
13. Peer Support worker5
Commission from LSC ICB to support the County s Initial Response Service centre with a step-down EHWB
support provided by 2 practitioners embedded and experienced with social prescribing and loeal knowledge
and support to better support clients with impaired mental health continue with positive outcomes for
themselves and their families. The team was locally embedded at The Mount in Accrington, and engaged with
their clients through a targeted outreach model of delivery, with advocacy and support provided to access
signposted support throughout.
14. Pennlne Lancashlre VCF Leadershlp Group
Funding from the ICB, April 2018- March 2023. To provide the administrative duties to the VCFSE leadership
group.
15. BWD YPF (Blackbum with Darwen Young People's Foundation)
This year saw Spring North commence the facilitation of a lead role transforming the former BWD Strategic
Youth Alliance into a Young People's Foundation, creating a collaboration across local youth provision
through a dedicated steering group of local stakeholders and commissioners, creation of a website and
development of marketing and communication resources to initiate the creation of a new body that will provide
a vehicle for shared resources and joint project work and lender submissions. This is in the hope of improving
servi￿$ for CYP across the borough and creating a joined-up offer lo support our local families much better.
16. CYP MH ward support- pilots
Two separate commissions from LSC ICB to SUPFM)rt ward clients on Children's mental health wards in
Blackburn (12 months support), and Blackpool (6 months support) to support young people with a range of
on-ward therapeutic support sessions in response to known or emerging needs to reduce anxiety, reduce
crisis and conflict, develop coping Strategies and time to tslk through any worries. Outcomes to young
people are increased engagement with ward-based counsellors, reduced anxiety and stress on the ward,
identified negative thoughts, feelings, and behaviours, develop coping strategies for negative thoughts and
behaviour5, Improv￿ progres5, reduced self-harming and suicide intent and reduced barriers to engaging
with support on discharge.
17. Other project funding that was received in 2022-23 involved supporting professionals across the health, third
and local government sector with training lo upskill through mental health and clinical training, accredited
courses around creating a Trauma informed workforce and providing NVQ'S for support staff working with
vulnerable members across our communities.
Financial review
During the year ended 31 March 2023 the charity received total incoming resources of £1,988,900. Costs of
£1,933,474 were incurred in connection with the delivery of these projects and core administration, resulting in a
surplus of £65,426.

SPRING NORTH LTD
TRUSTEES. ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
Reserves policy
At 31 March 2023 the charity held total funds of £315,904, of which £315,874 were unrestricted in nature.
The Trustees originally set a policy of aiming to accumLJlale unrestricted funds which have not been designated
for a specific use which are equivalent to six months, of core running expenditure. The trustees consider that
reserves at this level WOLJld ensure that. irrespective of future funding they would be able lo continue the charity's
current activities and cover core salaries while consideration is given lo ways in which additional funds may be
raised.
Core running expenditure for the year ended 31 March 2023 amounted to £318,890 Ilotal expenditure of
£1,599,373, less payments to service providers of £1,287,985, less member training costs of £500,). As al 31
March 2023 the level of free general reserves was £315,874 which is in line with six months, of core running
expenditure.
Risk management
The main risks facing Spring North include..
1. Risk - Changes lo local and regional commissioning through re-design of health and social care
through the Healthier Lancashire Integrated Care System.
North res
onse - The organisation has been involved via representation on the programme
board and is well positioned lo benefit from the investment in the VCF sector once the system
transformation land associated funding) has been approved.
2. Risk - Attracting new and additional funding
North res
onse
Recruitment of Business Development Manager Developing new
partnerships to provide innovative project proposals for fvture investment.
3. Risk - Maintaining adequate funding lo support the core costs of the organisalion
North res
onse - Management costs are agreed for each funding application by the relevant
partnership al the outset of the commissionltenderlprojecl and are maintained at an appropriate level
to support costs for the lifetime of the project.
4. Risk - Loss of main contracts and associated reputational damage - against escalation of need and
vulnerability in Communities
North Res
nse - Suslainabilily strategy in place to secure future funding, engagement with
key partners and transparency on delivery performance. System transformation plans with partners
to improve community resilience.
The major risks lo which the charity is exposed have been reviewed and adequate systems and procedures have
been established to manage such risks.
Fundraising
We have considered the requirements of the Charities (Protection and Social Investment) Act 2016 regarding
disclosures concerning fundraising and fundraising standards and confimi that these do not apply to the charity.

SPRING NORTH LTD
TRUSTEES. ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
Plans for future periods
Spring North will continue to seek funding to deliver services across Lancashire through conlracls, lenders and
grant funding. We will encourage new member organisalions (both associate and fulll and will deliver activity
according to our objectives. We will provide SLJPPOrt to those members through information sharing on good
practice. training and learning opportunities. We will ensLJre that all delivery. support. advice and guidance
provided by Spring North is underpinned by quality assured standards. We will work closely with stakeholders
and commissioners to ensure fLJlure delivery of activities aligns with local and national strategy. We will seek lo
diversify income sOUr￿S to ensure future sustainability.
We will work with other infra-structure organisations to map funding opportunities, design innovative services and
deliver worthwhile interventions which will not duplicate current provision.
Trustees. responsibilities statement
The trustees (who are also the directors of Spring North for the purposes of company lawl are responsible for
preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law
the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the slate of affairs of the charitable company and of the incoming resources and application of resources,
including the income and expenditure, of the charitable company for that period.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consislenuy,
observe the methods and principles in the Charities SORP 2019 IFRS 1021,
make judgements and accounting eslimales that are reasonable and prudent,
slate whether applicable UK Accounting Standards have been followed, subject lo any material
departures disclosed and explained in the financial statements, and
prepare the financial ststemenls on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charitable Company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware".
there is no relevant audit information of which the charitable company's auditor is unaware,. and
the Iruslees have taken all steps that they ought lo have taken to make themselves aware of any
relevant audit information and to establish that the auditor is aware of that information
Audltor
MHA Moore and Smalley is deemed to be re-appointed under section 487121 of the Companies Act 2006.
Sioned by order of the trustees
L Tapner
Trustee
1511212023
Dale..
-10-

SPRING NORTH LTD
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
Opinion
We have audited the financial statements of Spring North Ltd Ilhe 'charitable company'l for the year ended 31
March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement
and notes lo the financial stalemenls, including significant accounting policies. The financial reporting framework
that has been applied in their preparab'on is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
Iunited Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial statements..
give a true and fair view of the state of the Charitable company's affairs as at 31 March 2023, and of
il's incoming resources and application of resources, including ils Income and expenditure, for the
year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those stsndards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the
FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a
basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Iruslees, use of the going cOn￿M basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubl on the charitable company's ability to
continue as a going concern for a period of at least I￿e1ve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the trustee's annual report, other than the financial
statements and our auditor's report thereon. The Iruslees are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not cover the other information and, except
lo the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsislenl with the financial slatemenls, or our knowledge obtained in the course of the audit or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstalemenls, we are required lo determine whether this gives rise to a material misstatement in the financial
stslemenls themselves. If, based on the work we have performed, we conclude that there Is a material
misstalemenl of this other information, we are required to report that fact.

SPRING NORTH LTD
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
We have nothing lo report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Iruslees, report for the financial year for which the financial statements
are prepared is consislenl with the financial statements., and
the Iruslees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in trustees, report.
We have nothing to report in respect of the following matters in relation lo which the Companies Act 2006 requires
us lo report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of directors, remuneration specified by law are not made", or
we have not received all the information and explanations we require for our audit., or
the Iruslees were not enlilled to prepare the financial statements in accordance with the small
companies, regime and take advantage of the small companies, exemption in preparing the trustees,
report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement sel out on page 10, the trustees (who are also
the directors of the charitable company for the purposes of company lawl are responsible for the preparation of
the financial statements and for being satisfied that they give a true and fair view, and for such internal control as
the Iruslees determine is necessary lo enable the preparation of financial statements that are free from material
misstalemenl, whether due lo fraud or error.
In preparing the fi'nancial statements, the trustees are responsible for assessing the charitable company's ability
lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease
operations, or have no realistic alternative but lo do so.
Auditor's responsibilities for the audit of tho financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misstalemenl, whether due lo fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always delect a material misstatement when il exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial slatemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud.
-12-

SPRING NORTH LTD
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
The specific procedures for this engagement and the extent to which these are capable of detecting irregularities,
including fraud is detailed below..
Obtaining an understsnding of the legal and regulatory frameworks that the Charity operates in, focusing
on those laws and regulations that have had a direct effect on the financial ststemenls. The key laws and
regulations we considered in this context relate to the Charities Act. In addition, we consider complian
with employee legislation, as fundamental to the Charity's operations.,
Discussions with management, including consideration of known or suspected instances of non-
Complian￿ with laws and regulations and fraud.,
Enquiry of management and those charged with governance around actual and potential liligalion and
claims.,
Performing audit work over the risk of management override of controls, ineluding testing ofjournal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting estimates for bias",
Auditing the risk of fraud in revenue, including through testing of income cut off at the period and through
income transaction and proof in total testing, lo provide comfort that revenue is completely slated in the
financial statements," and
Reviewing minutes of meetings of those charged with governance., and
Reviewing financial statement disclosures and testing lo supporting documentation to assess compliance
with applicable laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is
also greater regarding irregularities oceurring due to fmud rather than error, as fraud involves intentional
concealment, foryery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
https.'Ilwww.frc.org.uklOur-WorklAuditlAudit-and-assurancelStandards-and-guidancelStandards-and-guidance-
for-auditorslAudilors-responsibililies-for-audiUDescriplion-of-auditors-responsibilities-for-audit.aspx.
This description forms part of our auditor's report.
Use of our report
This report is made solely lo the charitable company s members, as a body, in aecordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable
company's members those matters we are required to slate to them in an auditor's report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the
charitsble company and the charitsble company's members as a body, for our audit work, for this report, or for
the opinions we have formed.
Nicola Mason {Senior Statutory Auditor)
For and on behalf of MHA Moore and Smalloy, Statutory Auditor
Richard House
Winckley Square
Preston
PR1 3HP
1911212023
Dale..
-13-

SPRING NORTH LTD
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING THE INCOME AND EXPENDITURE
ACCOUNTI
YEAR ENDED 31 MARCH 2023
Unrestrlcted
funds
Restrlcted
2023
2022
funds Total funds Total funds
Note
Income from:
Charitsble activities
1.417.071
224,558
1.641.629
1,562.294
Other income
23.171
23.171
41.758
Total income
1,440,242
224,558 1,664,800 1,604,052
Expenditure on:
Charitsble activities
516
1.374.845
224,528 1.599.373
1,560.498
Total expendlture
1,374,845
224,528 1,599,373 1,182,850
Net incomellexpenditurel
65,397
30
65,427
43,554
Transfers between funds
Net movement in funds
65.397
30
65.427
43.554
Reconciliation of funds
Fund brought forward at 1 April 2022
250.477
250.477
206.923
Funds carrled forward at 31 March 2023
315,874
30
315,904
250,477
The Statement of Financial Activities includes all gains and losses in the year.
All of the above amounts relate lo continuing activities.
-14-

SPRING NORTH LTD
BALANCE SHEET
AS AT 31 MARCH 2023
Unrestricted
funds
Restricted
2023
2022
funds Total funds Total funds
Note
Current assets
Debtors
Cash al bank and in hand
360,457
220,394
360,457
220,424
187,339
309,376
30
580.851
30
580,881
496.715
Creditors: amounts falling due within one year
10
{264.9771
1264.977) 1246,2381
Net current assets
315,874
30
315,904
250,477
Totsl assets less current liabilities
315.874
30
315.904
250.477
Funds
Designated funds
Unrestricted funds
11
30
30
315.874
315.874
250.477
Total funds
315,874
30
315,904
250,477
The notes on pages 17 to 27 form part of these accounts.
These accounts were approved by the Trustees on
1511212023
and signed on their behalf by..
L Tapner
Trustee
Company Registration Number: 07797133
-15-

SPRING NORTH LTD
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Cash generated from operating activities
{88,9521
89,491
Cash provided by investing activities
Investment income
Increaselldecreasel in cash and cash equivalents in
the year
{88,9521
89,491
Cash and cash equivalents at the beginning of the
year
309,376
219,885
Cash and cash equivalents at the end of the year
220,424
309,376
Reconciliation of net movement in funds to net cash
flow from operating activities
2023
2022
Net movement in funds
Investment income
Decreasellincreasel in debtors
(Decreasellincrease in creditors
65,427
43,554
1173,118>
18,739
176.8251
122,762
{88,952)
89,491
-16-

SPRING NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policios
Legal form
The charity constilules a limited company, limited by guarantee as defined by the Companies Act 2006,
incorporated in England and Wales. The registered office is as stated on page 1.
Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable In the UK and Republic of Ireland issued in October 2019,
the Financial Reporting Standard applicable In the United Kingdom and Republic of Ireland IFRS 1021,
the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. Spring
North Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are Initially
recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy
notes.
Preparation of the accounts on a going concern basis
Spring North has not been impacted by earfy termination of contracts, however a couple of contracts
finished at the end of the financial year, which supported specifically the homeless population. However,
management have been Su￿ssful in securing additional funding lo be able lo maintain these serviTrs.
Vwhilst the funding landscape beyond 31 March 2023 is not yel certain, the Board are confident they will
be able lo maintain the existing level of income through the continuation of contracts and a positive
success rate in funding applications.
The Trustees have performed a going concern review and are satisfied the charity has sufficient funds
brought forward to cover core salaries and overheads for at least the twelve-month period following
approval of the accounts. Therefore, at the lime of approval of the financial statements, the trustees have
a reasonable expectation that the charity has adequate resources to continue in operational existence for
al least the twelve-month period following approval of the accounts. Thus, they continue to adopt the
going concern basis of accounting in preparing the financial statements.
Incoming resources
Income is recognised when the charity has entitlement to the funds, any performance conditions allached
to the item of income have been met, Il is probable that the income will be received, and the amount can
be measured reliably. The following specific policies are applied..
Voluntary income is reTrived by way of grants and donations and is Included in full in the Slalement
of Financial Activities ISOFAI when reTrivable. Grants where entillemenl is not conditional on the
delivery of a specific performance by the charity are recognised when the charity becomes
unconditionally entitled lo the grant.
Investment income is included when receivable.
Contract income is recognised when the contractual obligations have been fulfilled. Vlhere the
contract is still In progress, income is recognised to the extent that il has been earned.
-17-

SPRING NORTH LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policios Icontinuod}
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds ean only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Resources expended 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 obligation can be measured
reliably. Expenditure on Charitable activities includes the costs of charitable activities undertaken directly
to further the purposes of the charity and their associated support costs.
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable
activities. Support costs include back-office costs, finanTr, personnel, payroll and governance costs which
support the charity's activities. These costs have been allocated between expenditure on a basis
consistent with the use of resources.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their settlement value.
Operating leases
Rentals payable are charged on a time basis over the lease term.
Judgements and key sources of estlmatlon uncertalnty
There have been no significant judgements (apart from those Invo￿1ng estimates) made in the pro￿$$
of preparing the financial statements.
There have been no key assumptions concerning the future and other key sources of estimation
uneertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying
amounts of assets and liabilities within the next financial year.
-18-

SPRING NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Incoming resources from eharitable activities
Unrestricted
funds
Restricted
funds
2023 Total
fijnds
2022 Total
funds
Income for delivery of services
Blackburn with Darwen Borough Council".
Beeyourself Website
BWD Multiply Project
HMO In Reach Officer
Pause 4 Thought IP4T}
VCFS Phase 2
FTE Uplift
Community Ambassadors
Personal Navigator Support
Community Champions
Rough Sleepers Initiative
Holiday Activities Fund
Blackburn with Darwen Healthy Living
10,000
10,000
74,860
74,860
29,983
17,500
32,322
1,001
81,500
1,330
55,000
74,009
56,300
11,288
44,000
44.000
17,050
17.050
Se Fund..
Workforce MH Training
46,300
46.300
Lancashire Country Council..
Holiday Activities Fund
572,060
572,060
471,852
IRS Peer Support workers
48,761
48,761
Lancashire South Cumbria NHS
Foundation Trust..
Healthy Child Programme
88,318
88,318
125,793
IRS Peer Support workers
51,072
51,072
Birmingham City Council..
Slop Loan Sharks
6,300
Community Foundation..
Healthy Thinking for Me
40,120
40,120
NHS..
MH ward- BWD
124,063
124.063
NHS..
MH ward- BFW
36,747
36.747
NHS Wesl Lancashire CCH102GI'.
Parent Peer Support
37,000
37.000
Health Education England..
Development of the mental health
clinical support workforce.
19,225
19.225
-19-

SPRING NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Incoming resources from eharitable activities Icontinuedl
Unrestricted
funds
Restricted
funds
2022 Total
fijnds
2022 Total
funds
Income for delivery of services
NHS England.
Health & Wellbeing Fund
137,374
DVVP Resource Management..
Kickslart
84,418
84,418
172,386
NHS Blackpool CCG..
Parity of Esteem Training Programme
50,000
Sustain Food Power..
Feeding Future Generations
1,100
The Football Foundation..
Active Through Football
500
YPF Trust
LYP Capacity building project-
Spring North
10,000
10.000
NHS Lancashire and South Cumbria ICB
IQE11
HMO In-reach
7,035
7,035
Management fee for core services
305,440
25,160
330,600
236,756
1rt17,071
224.558
1.641.629
1,562,294
Included within income from Charitsble activities is unrestricted income of £1,417,07112022.' £1,562,294)
and reslricled income of £224,55812022.' £nill.
Othgr income
Unrestricted
funds
Re8tricted
funds
2023 Total
funds
2022 Total
funds
Miscellaneous Income
Service Income
1,576
21,595
1.576
21.595
4.298
37.460
23,171
23,171
41,758
Included within other income is unrestricted income of £23, 171 12022.. £41,758) and restricted income of
£nil12022.. £nil}.
-20-

SPRING NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Costs of charitable activities
Activities
directly
undertaken
(note 61
Support
and
governance
CO8tS
Inote 61
2023 Totsl
fund¥
2022 Totsl
funds
Genetics Project
ARFID
Bee Yourself Website
BWD Multiply Project
Holiday Activities & Food Fund
Holiday Activities & Food Fund Preston
Healthy Child Programme
Perinatal Mental Health Support
VCFS Leadership Ne￿Ork
Rapid Rehousing
Community Ambassadors
Feeding Future Generations
Active Through Football
Stop Loan Sharks
BAGS
Healthy Thinking for Me
Community Champions
ED Interventions
HEE
HMO In Reach
Homeless Link
IRS Wellbeing Coordinators
Kickstart
MH ward- BFW
MH ward- BWD
P4T
Recovery Volunteering
Rl Champions
Parent Peer Support
BP Engagement
Spring North Hub
workfor￿ MH Training
6,620
14,000
34,996
5,000
36,950
49,250
7,160
14.000
34.996
79.860
63.282
630.451
95.477
74,860
26,332
581,201
88,317
116.428
504.555
95.477
10.000
5,000
82,687
99,907
6,699
2,500
6,296
4,298
7,000
3,500
10.500
40,120
42,700
12741
18,750
7,029
7,080
12,000
47,200
54,700
2741
65,500
8,744
60,000
42,476
46,750
1,715
26,250
18,017
51,000
84,388
36,658
110,850
4,125
2,553
13,080
10,436
64,126
53,553
97,468
47,094
174,976
4.125
215,003
43,750
38,686
165,052
36,000
48,836
3,000
6,800
148,8991
26,897
39.000
55.636
148,8991
71.985
4,438
6,359
45,087
1,302,979
296,394
1,599,373
1,560,498
Totsl expenditure Includes £1,374,845 of unrestricted expenditure and £224,528 of reslricled expenditure.
-21-

SPRING NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Costs of charitable activities Icontinuedl
Prioryear costs of charitable activitlgs
Activities
directly
undertaken
(note 61
Support
and
governance
costs
(note 61
2022 Total
funds
2021 Total
funds
Genetics Project
VCFS Phase 2
Genetics Oldham
Community Action Fund
Holiday Activities & Food Fund
Holiday Activities & Food Fund Preston
Homeless Intensive Support
Healthy Child Programme
Perinatal Mental Health Support
VCFS Leadership Ne￿Ork
Rapid Rehousing
Community Ambassadors
Liaison & Diversion
Feeding Future Generations
Active Through Football
Stop Loan Sharks
BAGS
Community Champions
ED Interventions
HMO In Reach
Homeless Link
Kickstart
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
504.555
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
500
6,296
4,298
55,000
36,476
26,250
13,000
182,260
23,750
36,758
122,790
99
2,000
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
5,000
6,000
5,017
32,743
20,000
1,928
42,262
4,438
6,359
60,977
1,303.604
256.895
1.560.498
1,182,850
-22-

SPRING NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Costs of charitablo activities analysgd by nature
2023
D1￿ct
costs
2023
Support
costs
2022
Direct
costs
2022
Support
costs
Staff costs
Payments lo service providers
Travel and subsistence
Grants lo institutions
Activities and spot purchasing
Training
Meeting costs
Marketing
Consultancy fees
Stationery and consumables
Telephone
Accommodation
Insuran
IT Support
Bank charges
Bad debts
Light and Healing Costs
Professional fees, finance support & payroll
Governance costs- audit and accounts fee
257,406
191,261
17,288
1,519
1,287,985
1,221,907
1,588
6,000
37,096
38,600
8,359
500
2,869
678
833
14,846
13,2801
485
546
10,425
2,908
11,570
254
2,187
13,231
1,534
808
10.440
3.224
11.373
238
40
500
4,693
1,296,844
302,529
1,303,604
256,894
During the year ended 31 March 2023, Nil members were awarded small grants12022." £6,000).
Net (incoming)loutgoing resources
Net resources are slated after chargingllcreditingl..
2023
2022
Independent auditors, remuneration..
Audit fee lexclusive of VATI
other servi￿$ (exclusive of VATI
4,500
4,693
-23-

SPRING NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Analysis of staff costs. trusteo remuneration and expgnses and the cost of key management
personngl
2023
2022
Total staff costs were as follows:
Wages and salaries
Social security costs
Pension costs
235.585
17.171
4.378
178,626
10,555
2.080
257,407
191,261
Particulars of employees:
The average number of employees during the year was as follows..
2023
No
2022
No
Management
Information and administration
No employees received emoluments of more than £60,000 during the year 12022.. nill. None of the
trustees received any remLJneration during the current or previous year. No travel or related expenses
were reimbursed to trustees during the year12022.. £nill.
The employee benefits paid lo key management personnel including employer's Nl and employer's
pension contributions during the year was £53,64712022". £52,644).
Debtors
2023
2022
Other debtors
Prepayments
358.605
1.852
185,488
1,852
360.457
187,340
-24-

SPRING NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
10
Creditors: Amounts falling due within one year
2023
2022
Accruals and deferred income
Taxation and other social security
Other creditors
264.927
244,655
1.425
158
50
264,977
246,238
Included within creditors falling due within one year is deferred income of £183,841 {2022.' £80,750)
relating lo various contracts including The Holiday Activities & Food Fund.
11
Fund movement
Brought
forward at
1 April
Incoming
2022 resources
Carried
forward at
31 March
2023
Outgoing
resources
Transfers
Unrestricted general
funds
250.477
1,440.242
11,374,845)
315.874
Designated funds
Small grants
Total unrestricted funds
250,477
1,440.242
11.374,8451
315.874
Restrlcted general funds
BWD Multiply Project
Healthy Thinking for Me
Kickstart
79,860
47,200
97,498
179.8601
147,2001
197,4681
30
Total restricted funds
224,558
1225,528)
30
Total funds
250.477
1,664.800
11.599.373)
315.904
-25-

SPRING NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
11
Fund movement {continugd}
Priory9ar fund movgmgnt
Brought
forward at
l April Incoming
2021
resou￿0$
Carried
fonvard at
31 March
2022
Outgoing
rgsourcgs
Transfers
Unrestricted general funds
206,923
1,604,052 (1,560,498)
250,477
Designated funds
Small grants
Total unrestricted funds
206,923
1,604,052 (1,560,489)
250,477
Restricted general funds
Total funds
206,923
1,604,052 (1,560.489)
250,477
12
Financial instruments
2023
2022
Carrying amount of financial assets
Debt instruments measured at amortised cost
358,605
185,488
Carrying amount of financial liabilities
Measured at amortised cost
1,425
13
Operating lease commitments
Al the reporting end date, the charity had outstanding commitments for future minimum lease payments
under non-cancellable operating leases, which fall due as follows..
2023
2022
Within one year
Within two to five years
Over five years
850
850
850
850
-26-

SPRING NORTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
14
Relatod party transactions
Representatives, either Senior Employees or Trustees. from some of the member charities sit on the
Board of Spring North Ltd. The member organisalions are eligible to sutFcontract and commission work
from the consortium. These services are performed under formal contracts which are commissioned as
part of an independent tendering process, in which the relevant individuals are not inVo￿ed in discussions
regarding their own organisalions.
During the year commissioning costs of £1,310,561 12022..
£1,192,675) were paid lo the members of the consortium.
15
Company limited by guarantee
The charity is a company limited by guarantee. In the event of the charity being wound up or dissolved,
each member undertakes to contribute such amount as is required, not exceeding £10, for payment of
any debts or liabilities.
-27-