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← Spring North Ltd.

2024-03-31-accounts

Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

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 2024

Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

CONTENTS

YEAR ENDED 31 MARCH 2024

Page
Reference and administration details 1
Trustees’ Annual Report 2
Independent Auditors’ Report to the Trustees 11
Statement of Financial Activities 14
Balance sheet 15
Cash flow statement 16
Notes to the financial statements 17

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SPRING NORTH LTD

CHARITY REFERENCE AND ADMINISTRATION DETAILS

YEAR ENDED 31 MARCH 2024

Registered 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 Chartered Accountants & Statutory Auditor Richard House 9 Winckley Square Preston PR1 3HP Key Management Personnel Mrs A Allen (Chief Officer)

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and the audited accounts for the year ended 31 March 2024.

Spring North

The charity changed its name from Families Health and Well Being Consortium to Spring North in November 2019. The new name, logo, vision and values were launched in November 2019.

Structure, governance and management

The charity is a company limited by guarantee. It is managed by a board of experienced trustees 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 served the company during the year were as follows:

N Adamson (resigned 27/09/2023) A Barrass L Baxter C Bennett S Cotton D Edmundson (Chairperson) I Gibbs A Greenwood A Leather (resigned 30/11/2023) A Patel (appointed 12/07/2023) S Swindley (Deputy Chairperson) L Tapner

An invitation to join the Board is sent out with the AGM papers prior to the meeting. Nominations are received and voted on at the AGM by members.

As part of the induction and training programme, new Board members are required to:

All of the above are outlined in the Spring North Directors Manual 2024. None of the trustees have any beneficial interest in the company.

Overall management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Memorandum of Articles of Association. Day to 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.

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

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 to do this by redesigning support and services to reflect the changing landscape of health and social care, addressing disadvantage, reducing inequalities and improving the resilience of local people. Through collaborations and innovation, we will achieve impact.

Our values

We have a strong track record of contract management & sub-contract delivery and the feedback from commissioners, funders and delivery partners has consistently 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 to these arrangements. Spring North provides a single point of contract for commissioners and ensures the following:

Integration

The collaborative approach to planning and delivery allows for integrated support to be rolled out across Lancashire and South Cumbria. Sub-contracted organisations report directly to Spring North using an agreed format - which are then consolidated into a single report for the funder.

Quality

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.

Compliance

Sub-contracted organisations 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.

Accountability

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 but rests firmly with Spring North as the contract holder.

Performance

Agreed performance measures are outlined with funders at the outset of the contracts and monitored on a quarterly basis.

Efficiency

Through re-alignment of service provision, better collaboration and asset building, the Spring North model reduces duplication of services, ensures an end-to-end support service for the target groups and a person/family focused approach to roll-out.

Regular consultation with service users is an integral part of the work undertaken.

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Who we are:

Spring North is a member based charitable company - established 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 VCFSE across Lancashire and South Cumbria. The trustees (who are also the Board of Directors of the company) are elected annually by the membership and are nominated by the member organisations themselves. There is also a minimum of two independent non-executive directors, one of whom undertakes the role of Chair.

How do we meet our vision and values?

Why a consortium approach?

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Why a consortium approach? (continued)

What do we offer?

Spring North offers support to its member organisations to deliver - collaboratively - a range of interventions in order to 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 take-up of both specialist and generalist services provided by members, we are engaging with vulnerable people, assessing their needs (especially physical and emotional health needs) and providing them, through our member organisations, 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 Board of Trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake.

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Achievements and performance

This has been a year of growth for Spring North in terms of our membership which is now at 190 independent VCFSE organisations, in terms of staffing - the team has grown to 8 members and in terms of commissioning where the organisation has managed 18 contracts and sub- 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 population. This has in turn enabled us to develop groups of specialist interest including mental health, 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 tenders to award has risen to 78% 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 to our local statutory partners through (for example) the ICB Population Health Board, BwD Health and Well Being Board and the ICP Board

Despite the evidential success of the organisation within the last year, we do not remain complacent and continue to seek ways to improve our offer to members, to funders and most importantly to the populations we serve

During this financial year, Spring North has managed the following contracts:

1. 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 to deliver key messages around support and selfmanagement for CYP with asthma. Consequently, allowing us to create an informed community of voluntary organisations, community ambassadors, parents and families who understand, are better informed and able to manage their child’s asthma at home, however, are able to recognise and escalate care swiftly when necessary.

Champions are expected to 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 to engage and deliver key health messages to targeted communities.

Participation: Community Champions work and support broader and targeted communities to co-identify problems and implement solutions by empowering and supporting communities and structures to deliver change.

Community Empowerment: Community Champions consult widely with and involve communities in local health-related issues and use community structures for service provision, e.g., Community Champions liaise with community members and grassroots organisations to identify challenges and formulate their solutions to challenges, locally owned and feasible to achieve a more sustained and accessible solution for communities.

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

2. Bee Yourself website

Commission from Blackburn with Darwen Borough Council to develop an existing website for children and young people (aged 8-11) and their families, to ensure that they have access to a trusted digital/online resource that supports their individual and collective emotional health and wellbeing. Through the dedicated website. staff/professionals 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 aimed by engaging with PHSE leads and schools, the School Nursing team, parents, children of KS2 age and other professionals working with children across BwD communities

3. Blood Pressure Casefinding service

Commission from Lancashire County Council to 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 (at point of contact) whilst ensuring easy access to the service through multiple forms of referral (including selfreferral) engaging in a multitude of community outreach activities targeting hard to reach groups and those living in wards with multiple deprivation.

4. 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 to enhance the opportunities available to local people in gaining employment, supporting children/young 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 etc.

5. Community Champions

Commission from Blackburn with Darwen Borough Council from May 2022 until March 2024, 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 to recover safely following the Covid survive the cost of living crisis, and ensure families are staying happy, healthy and well.

6. Holiday Activities & Food Fund – Blackburn with Darwen

7. Holiday Activities & Food Fund – Preston

8. Healthy Thinking for Me

Funding from the Community Foundation to 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.

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

9. 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.

10. Healthy Child Programme

Subcontract from LSCFT (commissioned from BwD PH) April 2017 - March 2024. To provide support for families of children under 5, emotional health and wellbeing support for teenage young people and improving access to health services (including the Everybody Centre).

11. Parent Peer Support

Commission from LSC ICB to establish a parent / carer support group in each ‘place’ across the ICB. Each group being led by an experienced parent (User by experience) and qualified emotional health and wellbeing professional. The user by experience supported other parents and carers whose children / young person have any kind of emotional or mental 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 to 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 support.

12. Peer Support workers

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 local 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.

13. Pennine Lancashire VCF Leadership Group

Funding from the ICB, April 2018 - March 2024. To provide the administrative duties to the VCFSE leadership group.

14. BwD YPF ( Blackburn 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 tender submissions. This is in the hope of improving services for CYP across the borough and creating a joined-up offer to support our local families much better.

15. CYP MH ward support - pilots

Two separate commissions from LSC ICB to support 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 talk 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 behaviours, improved progress, reduced self-harming and suicide intent and reduced barriers to engaging with support on discharge.

  1. Other project funding that was received in 2023-24 involved supporting professionals across the health, third and local government sector with training to 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.

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Financial review

During the year ended 31 March 2024 the charity received total incoming resources of £2,302,466. Costs of £1,831,718 were incurred in connection with the delivery of these projects and core administration, resulting in a surplus of £470,748.

Reserves policy

At 31 March 2024 the charity held total funds of £786,652, of which £701,715 were unrestricted in nature.

The Trustees originally set a policy of aiming to accumulate 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 would ensure that, irrespective of future funding they would be able to continue the charity's current activities and cover core salaries while consideration is given to ways in which additional funds may be raised.

Core running expenditure for the year ended 31 March 2024 amounted to £422,637 (total expenditure of £1,831,718, less payments to service providers of £1,399,035, less member training costs of £10,046). As at 31 March 2024 the level of free general reserves was £701,715 which is in excess of six months' of core running expenditure.

Risk management

The main risks facing Spring North include:

  1. Risk - Changes to local and regional commissioning through re-design of health and social care through the Healthier Lancashire Integrated Care System.

Spring North response - The organisation has been involved via representation on the programme board and is well positioned to benefit from the investment in the VCF sector once the system transformation (and associated funding) has been approved.

  1. Risk - Attracting new and additional funding

Spring North response – Business Development Manager has a key role in developing new partnerships to provide innovative project proposals for future investment.

  1. Risk - Maintaining adequate funding to support the core costs of the organisation

Spring North response - Management costs are agreed for each funding application by the relevant partnership at the outset of the commission/tender/project and are maintained at an appropriate level to support costs for the lifetime of the project.

  1. Risk - Loss of main contracts and associated reputational damage - against escalation of need and vulnerability in communities

Spring North Response - Sustainability 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 to 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 confirm that these do not apply to the charity.

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Plans for future periods

Spring North will continue to seek funding to deliver services across Lancashire and South Cumbria through contracts, tenders and grant funding. We will encourage new member organisations (both associate and full) and will deliver activity according to our objectives. We will provide support to those members through information sharing on good practice, training and learning opportunities. We will ensure 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 future delivery of activities aligns with local and national strategy. We will seek to diversify income sources 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 law) 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 state 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:

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:

Auditor

MHA is deemed to be re-appointed under section 487(2) of the Companies Act 2006. Signed by order of the trustees ………………………………………. Oo. Benne C Bennett Trustee

Date: …………………… January 27, 2025

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SPRING NORTH LTD

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

Opinion

We have audited the financial statements of Spring North Ltd (the ‘charitable company’) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation 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 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor 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 to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, 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 to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial 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 material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern 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 trustees 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 to the extent otherwise explicitly stated 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 inconsistent with the financial statements, 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 misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

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SPRING NORTH LTD

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

We have nothing to 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:

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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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.

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SPRING NORTH LTD

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to 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 to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, 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 those matters we are required to state 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 to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicola Mason MA(Cantab) FCA DChA (Senior Statutory Auditor) For and on behalf of MHA, Statutory Auditor

Richard House Winckley Square Preston PR1 3HP January 27, 2025 Date: ………………………..

MHA is the trading name of MacIntyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC312313)

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STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2024

Note
Income from:
Charitable activities
3
Other income
4
Total income
Expenditure on:
Charitable activities
5/6
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Fund brought forward at 1 April 2023
Funds carried forward at 31 March 2024		 Unrestricted
funds
£
2,155,967
13,835
2,169,802
1,783,960
1,783,960
385,842
-
385,842
315,874
701,716		 Restricted
funds
£
132,664
-
132,664
47,758
47,758
84,906
-
84,906
30
84,936		 2024
Total funds
£
2,288,631
13,835
2,302,466
1,831,718
1,831,718
470,748
-
470,748
315,904
786,652		 2023
Total funds
£
1,641,629
23,171
1,664,800
1,599,373
1,599,373
65,427
-
65,427
250,477
315,904

The Statement of Financial Activities includes all gains and losses in the year.

All of the above amounts relate to continuing activities.

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SPRING NORTH LTD

BALANCE SHEET

AS AT 31 MARCH 2024

Unrestricted Restricted 2024 2023
funds funds Total funds Total funds
£ £ £ £
Note
Current assets
Debtors 9 743,633 - 743,633 360,457
Cash at bank and in hand 73,295 84,936 158,231 220,424
816,928 84,936 901,864 580,881
Creditors: amounts falling due within one year 10 (115,212) - (115,212) (264,977)
Net current assets 701,716 84,936 786,652 315,904
Total assets less current liabilities 701,716 84,936 786,652 315,904
Funds
Designated funds 11 - 84,936 84,936 30
Unrestricted funds 11 701,716 - 701,716 315,874
Total funds 701,716 84,936 786,652 315,904

The notes on pages 17 to 27 form part of these accounts.

January 27, 2025

These accounts were approved by the Trustees on …………………………. and signed on their behalf by:

………………………………………. C Bennett Trustee

Company Registration Number: 07797133

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CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2024

Cash generated from operating activities
Cash provided by investing activities
Investment income
Increase/(decrease) in cash and cash equivalents in
the year
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Reconciliation of net movement in funds to net cash
flow from operating activities
Net movement in funds
Investment income
Decrease/(increase) in debtors
(Decrease)/increase in creditors		 2024
£
(62,193)
-
(62,193)
220,424
158,231
2024
£
470,748
-
(383,176)
(149,765)
(62,193)		 2023
£
(88,952)
-
(88,952)
309,376
220,424
2023
£
65,427
-
(173,118)
18,739
(88,952)

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Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Legal form

The charity constitutes 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: 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), 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 at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Preparation of the accounts on a going concern basis

Spring North has not been impacted by early 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 successful in securing additional funding to be able to maintain these services.

Whilst the funding landscape beyond 31 March 2024 is not yet certain, the Board are confident they will be able to 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 time of approval of the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for at 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 attached to the item of income have been met, it is probable that the income will be received, and the amount can be measured reliably. The following specific policies are applied:

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Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies (continued)

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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, finance, 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 at their settlement value.

Operating leases

Rentals payable are charged on a time basis over the lease term.

2 Judgements and key sources of estimation uncertainty

There have been no significant judgements (apart from those involving estimates) made in the process of preparing the financial statements.

There have been no key assumptions concerning the future and other key sources of estimation uncertainty 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.

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Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Restricted 2024 Total 2023 Total
funds funds funds funds
£ £ £ £
Income for delivery of services
Blackburn with Darwen Borough
Council:
BeeYourself Website 10,000 - 10,000 10,000
BwD Multiply Project - 25,360 25,360 74,860
BwD YPF 30,000 - 30,000 -
Community Champions 39,750 - 39,750 44,000
Holiday Activities Fund - - - 17,050
Se Fund:
Workforce MH Training - - - 46,300
Lancashire Country Council:
Holiday Activities Fund 587,619 - 587,619 572,060
IRS Peer Support workers 56,300 - 56,300 48,761
Lancashire South Cumbria NHS
Foundation Trust:
Healthy Child Programme 88,318 - 88,318 88,318
IRS Peer Support workers 15,116 - 15,116 51,072
Community Foundation:
Healthy Thinking for Me - 40,120 40,120 40,120
NHS:
MH ward – BwD - - - 124,063
NHS:
MH ward - BFW - - - 36,747
NHS West Lancashire CCH (02G):
Parent Peer Support - - - 37,000
Health Education England:
Development of the mental health - - - 19,225
clinical support workforce.

-19-

Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Income for delivery of services
DWP Resource Management:
Kickstart
YPF Trust:
LYP Capacity building project -
Spring North
NHS Lancashire and South Cumbria
ICB (QE1):
Asthma Champions
B2H
Covid & Flu Project
Diabetes Casework
Early Years Intervention
MH Ward support - paediatric
HEE
ASD support service
MH Ward Support
VCFSE Sector Commissioning
Support Service
HMO In-reach
Action for ASD
Management fee for core services		 Unrestricted
funds
£
-
-
90,000
157,500
81,870
120,683
88,000
238,000
35,975
116,667
70,000
75,000
-
41,217
213,952
2,155,967		 Restricted
funds
£
5,604
-
-
-
-
-
-
-
-
-
-
-
-
-
61,580
132,664		 2024 Total
funds
£
5,604
-
90,000
157,500
81,870
120,683
88,000
238,000
35,975
116,667
70,000
75,000
-
41,217
275,532
2.288,631		 2023 Total
funds
£
84,418
10,000
7,035
330,600
1,641,629

Included within income from charitable activities is unrestricted income of £2,155,967 (2023: £1,417,071) and restricted income of £132,664 (2023: £224,558).

4 Other income

Miscellaneous Income
Service Income		 Unrestricted
funds
£
-
13,835
13,835		 Restricted
funds
£
-
-
-		 2024 Total
funds
£
-
13,835
13,835		 2023 Total
funds
£
1,576
21,595
23,171

-20-

Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Included within other income is unrestricted income of £13,835 (2023: £23,171) and restricted income of £nil (2023: £nil).

5 Costs of charitable activities

ARFID
ASD Support service
Asthma Champions
B2H
BeeYourself Website
BP Engagement
BwD Multiply Project
BwD YPF
CAF
Community Champions
Covid & Flu Project
Diabetes Casework
ED Interventions
Genetics Project
HAF
Holiday Activities Fund - Preston
Healthy Child Programme
Healthy Thinking for Me
HEE
HMO In-reach
IRS Wellbeing Coordinators
Kickstart
MH ward - BFW
MH ward - BwD
MH Ward support - paediatric
Pause 4 Thought (P4T)
Parent Peer Support
PL Leaders Board
Rapid Rehousing
Spring North HUB
Workforce MH Training		 Activities
directly
undertaken
(note 6)
£
-
62,000
51,010
138,257
100
44,870
29,977
1,446
6,000
8,500
24,740
65,584
-
-
19,854
577,552
124,637
17,780
35,006
-
21,800
-
-
-
195,238
-
-
-
-
-
314,614
-
1,738,965		 Support and
governance
costs
(note 6)
£
-
-
-
-
11,868
-
-
902
-
-
-
-
-
992
2,960
2,485
-
-
150
-
-
-
10,472
-
-
-
-
5,000
-
57,923
-
92,753


2024 Total
funds
£
-
62,000
51,010
138,257
11,968
44,870
29,977
2,348
6,000
8,500
24,740
65,584
-
992
22,815
580,038
124,637
17,780
35,156
-
21,800
-
10,472
-
195,238
-
-
5,000
-
57,923
314,614
1,831,718		 2023 Total
funds
£
14,000
-
-
-
34,996
55,636
79,860
-
-
54,700
-
-
(274)
-
63,282
630,451
95,477
47,200
65,500
8,744
53,553
97,468
47,094
174,976
-
4,125
39,000
-
10,500
(48,899)
71,985
1,599,373

Total expenditure includes £1,783,960 of unrestricted expenditure and £47,758 of restricted expenditure.

-21-

Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

5 Costs of charitable activities (continued)

Prior year costs of charitable activities

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 Network
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
RI Champions
Parent Peer Support
BP Engagement
Spring North Hub
Workforce MH Training		 Activities
directly
undertaken
(note 6)
£
-
-
-
74,860
26,332
581,201
88,317
-
-
7,000
-
-
-
-
-
40,120
42,700
(274)
18,750
7,029
-
51,000
84,388
36,658
110,850
4,125
-
-
36,000
48,836
-
45,087
1,302,979		 Support
and
governance
costs
(note 6)
£
-
14,000
34,996
5,000
36,950
49,250
7,160
-
-
3,500
-
-
-
-
-
7,080
12,000
-
46,750
1,715
-
2,553
13,080
10,436
64,126
-
-
-
3,000
6,800
(48,899)
26,897
296,394		 2023 Total
funds
£
-
14,000
34,996
79,860
63,282
630,451
95,477
-
-
10,500
-
-
-
-
-
47,200
54,700
(274)
65,500
8,744
-
53,553
97,468
47,094
174,976
4,125
-
-
39,000
55,636
(48,899)
71,985
1,599,373		 2022 Total
funds
£
6,620
-
-
-
116,428
504,555
95,477
10,000
5,000
82,687
99,907
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
6,359
-
1,560,498

-22-

Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

6 Costs of charitable activities analysed by nature

Staff costs
Payments to service providers
Travel and subsistence
Grants to institutions
Activities and spot purchasing
Training
Meeting costs
Marketing
Consultancy fees
Stationery and consumables
Telephone
Accommodation
Insurance
IT Support
Bank charges
Bad debts
Light and Heating Costs
Professional fees, finance support & payroll
Governance costs – audit and accounts fee		 2024
Direct
costs
£
-
1,399,035
-
-
9,377
10,046
-
-
-
-
-
-
-
-
-
-
-
-
-
1,418,458		 2024
Support
costs
£
317,937
-
2,569
-
-
-
2,851
21,326
-
160
728
11,305
2,965
25,241
235
16,464
-
-
11,478
413,259		 2023
Direct
costs
£
-
1,287,985
-
-
8,359
500
-
-
-
-
-
-
-
-
-
-
-
-
-
1,296,844		 2023
Support
costs
£
257,406
-
1,588
-
-
-
2,187
13,231
1,534
-
808
10,440
3,224
11,373
238
-
-
-
500
302,529

During the year ended 31 March 2024, Nil members were awarded small grants (2023: £nil).

7 Net (incoming)/outgoing resources

Net resources are stated after charging/(crediting):

2024 2023
£ £
Independent auditors’ remuneration:
- Audit fee (exclusive of VAT) 4,875 4,500
- Other services (exclusive of VAT) 1,100 -

-23-

Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

8 Analysis of staff costs, trustee remuneration and expenses and the cost of key management personnel

Total staff costs were as follows:
Wages and salaries
Social security costs
Pension costs		 2024
£
288,634
21,860
7,443
317,937		 2023
£
235,858
17,171
4,378
257,407

Particulars of employees:

The average number of employees during the year was as follows:

Management
Information and administration		 2024
No
4
6
10		 2023
No
2
6
8

No employees received emoluments of more than £60,000 during the year (2023: nil). None of the trustees received any remuneration during the current or previous year. No travel or related expenses were reimbursed to trustees during the year (2023: £nil).

The employee benefits paid to key management personnel including employer’s NI and employer’s pension contributions during the year was £62,023 (2023: £53,647).

9 Debtors

Other debtors
Prepayments		 2024
£
741,408
2,225
743,633		 2023
£
358,605
1,852
360,457

-24-

Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

10 Creditors: Amounts falling due within one year

Accruals and deferred income
Taxation and other social security
Other creditors		 2024
£
113,403
-
1,809
115,212		 2023
£
264,927
-
50
264,977

Included within creditors falling due within one year is deferred income of £23,333 (2023: £183,841) relating to ASD project work.

11 Fund movement

Unrestricted general
funds
Designated funds
Small grants
Total unrestricted funds
Restricted general funds
BwD Multiply Project
Healthy Thinking for Me
Kickstart
Total restricted funds
Total funds		 Brought
forward at
1 April
2023
£
315,874
-
-
315,874
-
-
30
30
315,904		 Incoming
resources
£
2,169,802
-
-
2,169,802
79,860
47,200
5,604
132,664
2,302,466		 Outgoing
resources
£
(1,783,960)
-
-
(1,783,960)
(29,977)
(17,780)
-
(47,757)
(1,821,717)		 Transfers
£
-
-
-
-
-
-
-
-		 Carried
forward at
31 March
2024
£
701,716
-
-
701,716
49,883
29,420
5,634
84,937
786,653

-25-

Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

11 Fund movement (continued)

Prior year fund movement

Unrestricted general funds
Designated funds
Small grants
Total unrestricted funds
Restricted general funds
BwD Multiply Project
Healthy Thinking for Me
Kickstart
Total restricted funds
Total funds
Financial instruments
Carrying amount of financial
Debt instruments measured at
Carrying amount of financial
Measured at amortised cost		 Brought
forward
at 1 April
2022
Incoming
resources
Outgoing
resources
Transfers
Carried
forward
at 31
March
2023
£
£
£
£
£
250,477
1,440,242
(1,374,845)
-
315,874
-
-
-
-
-
-
-
-
-
250,477
1,440,242
(1,374,845)
-
315,874
-
79,860
(79,860)
-
-
-
47,200
(47,200)
-
-
-
97,498
(97,468)
-
30
-
224,558
(225,528)
-
30
250,477
1,664,800
(1,599,373)
-
315,904
2024
2023
£
£
assets
amortised cost
741,408
358,605
liabilities
-
-
-
-
-
-
-
-
250,477
1,440,242
(1,374,845)
-
79,860
(79,860)
-
47,200
(47,200)
-
97,498
(97,468)
-
224,558
(225,528)
250,477
1,664,800
(1,599,373)
assets
amortised cost
liabilities

12 Financial instruments

-26-

Docusign Envelope ID: 4DE45AEF-34D4-4B64-ADBF-3A3EB9EFCB89

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

13 Operating lease commitments

At the reporting end date, the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

under non-cancellable operating leases, which fall due as follows:
Within one year
Within two to five years
Over five years		 2024
£
850
-
-
850		 2023
£
850
-
-
850

14 Related party transactions

Representatives, either Senior Employees or Trustees, from some of the member charities sit on the Board of Spring North Ltd. The member organisations are eligible to sub-contract 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 involved in discussions regarding their own organisations. During the year commissioning costs of £1,366,921 (2023: £1,310,561) were paid to 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-