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← Spring North Ltd.

2025-03-31-accounts

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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 2025

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SPRING NORTH LTD

CONTENTS

YEAR ENDED 31 MARCH 2025

Page
Reference and administration details 1
Trustees’ Annual Report 2
Independent Auditors’ Report to the Trustees 14
Statement of Financial Activities 17
Balance sheet 18
Cash flow statement 19
Notes to the financial statements 20

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SPRING NORTH LTD

CHARITY REFERENCE AND ADMINISTRATION DETAILS

YEAR ENDED 31 MARCH 2025

Registered Charity Name Spring North Ltd Charity Registration Number 1150126 Company Registration Number 07797133 Registered Office Suite 118, Kings Court King Street Blackburn Lancashire BB2 2DH Auditor MHA Chartered Accountants & Statutory Auditor Richard House 9 Winckley Square Preston PR1 3HP

Key Management Personnel

Mrs A Allen (Chief Officer - Resigned 31/03/2025) Mr M Hartley-Smith (CEO - Appointed 31/03/2025) Mr J Thompson (Head of Contracts & Operations) Ms J Bond (Project Manager)

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

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 2025.

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:

A Patel (Chairperson - Appointed 31/03/2025) A Barrass L Baxter C Bennett (Deputy Chairperson) S Cotton (Resigned 31/03/2025) D Edmundson (Chairperson - Resigned 31/03/2025) I Gibbs A Greenwood (Resigned 31/03/2025) B Kaur (Appointed January 2025) M Needham (Appointed January 2025) N Adamson (Resigned 16/11/2024) A Leather (Resigned 31/03/2025) S Swindley (Resigned 31/03/2025) L Tapner(Resigned 31/03/2025)

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 2025

Objectives and activities

Spring North is a member-based charity - comprising 198 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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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

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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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

Why a consortium approach? (continued)

What do we offer?

Spring North offers support to its member organisations to collaboratively deliver a wide range of interventions that improve emotional, mental and physical health across the life course and within communities, while actively addressing and reducing health inequalities.

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:

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

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 2025

Achievements and performance

This has been a year of growth for Spring North in terms of our membership which is now at 198 independent VCFSE organisations, in terms of staffing - the team has grown to 9 members and in terms of commissioning where the organisation has managed 18 contracts and sub-contracted/awarded grants to 71 members.

Our membership spans the whole geography of Lancashire and South Cumbria and has increased steadily, especially in North Lancashire and South Cumbria allowing us to roll out support services to a much broader population. This has in turn has enabled us to develop more groups of specialist interest including mental health, ND, C&YP Autism, older people support and further developing our community health 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 marketplace 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 and maintain the diversity of funding sources including Local Authorities, DHSC, 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. 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 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. This project came to an end in March 2025.

2. Holiday Activities & Food Fund – Blackburn with Darwen

Commission from Blackburn with Darwen Borough Council to deliver to 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 advice help at the point of need.

3. 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.

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

4. C&YP Peer Support

Commissioned by LSC ICB as part of the Thrive approach the peer support offer provides children and young people with opportunities to connect with others who share similar experiences, helping them build the knowledge, skills and confidence needed to manage their mental health and improve their overall wellbeing. Through a blend of one-to-one support, peer-led groups and online platforms, CYP are supported to learn from one another, strengthen resilience and focus on what matters most to them.

The service includes:

This service is delivered across the whole of Lancashire and South Cumbria, raising awareness and ensuring children and young people can access timely, supportive and empowering peer-based interventions.

5. CYP MH Ward Support

Two-year commission from LSC ICB to support ward clients on Children’s mental health wards in Blackburn, and Blackpool 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.

6. Family Autism Service (FAS)

The Family Autism Support project, core funded by Lancashire and South Cumbria ICB, continues to be a vital lifeline for families in Blackburn with Darwen and East Lancashire. Alongside our established offer of one-to-one support, group sessions, drop-ins, information, advice and guidance. The project offers, family activities and inclusive events designed to meet the unique needs of children and young people with autism and their families.

The project aims to strengthen social connection, reduce isolation and provide enriching experiences that promote emotional wellbeing for the whole family. By creating opportunities for peer support, enjoyment and respite, we will help families build confidence, resilience and supportive networks. Our ambition is to foster a more understanding, compassionate community where autistic children and their families not only cope but genuinely flourish, benefitting from long-term inclusion and connection.

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

7. Neurodiversity Support (Adult ASD)

Our Adult ND Project provides tailored support for neurodivergent adults aged 18+, helping individuals build confidence, develop independence and improve overall wellbeing. The service combines practical assistance, emotional support and accessible opportunities for growth, delivered through a blend of one-to-one sessions and engaging group activities.

We offer dedicated peer support groups and individual support, creating safe spaces for adults to share experiences, reduce isolation and strengthen social connections. Through information, advice and guidance, participants receive clear, personalised support to navigate daily challenges and access services. A core focus of the project is building and developing life skills, from communication and self-management to decision-making and routine planning. We also provide group-based social and leisure activities, promoting inclusion, enjoyment and community participation.

Specialist behaviour management support and workshops help adults understand and regulate responses, while our employment support and skills workshops enable participants to explore work opportunities, prepare for employment and progress confidently towards their goals.

8. Neighbourhood Youth Offer (NYO)

Funded by Blackburn with Darwen Borough Council, our neighbourhood youth work offer gives children and young people access to free leisure activities, informal education, and supportive relationships with skilled practitioners. We deliver weekly junior and senior sessions across West, East and North Blackburn on a universal, open-access basis, providing safe, inclusive spaces for young people aged 8–12, 13–19 and up to 25 for those with SEND.

The service promotes personal, social and educational development by offering opportunities to try new activities, learn, build confidence and have fun. We empower young people to influence and lead projects, make informed choices and express themselves. Through participation, volunteering and youth voice activities, young people develop a strong sense of citizenship, community involvement and social responsibility.

9. Early Intervention Safe Hubs

Funded by the Department of Health and Social Care, the Early Intervention Safe Hubs are designed to reduce emotional distress, prevent escalation of need and help young people feel safer, more confident and better equipped to navigate life’s challenges. Based across Pennine Lancashire, the hubs provide safe, welcoming spaces where children and young people can access timely, targeted interventions, resources and support. Every aspect of the project is shaped by the voice of young people and continually evaluated to ensure services remain meaningful and responsive.

Working through a relationship-based model, each hub offers young people the time and space to talk, reflect and build trust before any formal intervention begins. From this foundation, young people can access personalised support including one-to-one therapeutic sessions, creative group activities and practical guidance focused on emotional regulation, resilience, confidence and life skills. The project strengthens wellbeing, promotes positive coping strategies and supports young people to manage life’s challenges in a nurturing, empowering environment.

10. VCFSE-Led Admission Avoidance and Discharge Support (UEC)

Spring North was commissioned by the VCFSE Alliance as the managing agent to oversee and coordinate a set of VCFSE-led schemes designed to deliver integrated, person-centred support that prevents unnecessary

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

hospital admissions and enables safe, timely discharge. Focused on the winter period, the programme targeted three priority groups: adults in Blackpool with respiratory conditions, particularly COPD; frail older people in Darwen at risk of falls; and vulnerable adults, children, young people and families in Blackburn Central Ward.

The initiative combined proactive outreach, close alignment with existing health and community services, and the development of local support networks to ensure people received the right help at the right time. The primary aims were to avoid A&E attendances, reduce hospital admissions, support timely discharge to improve flow and release bed capacity and reduce the risk of hospital readmission.

11. VCFSE Cancer Alliance Grant Scheme (LSCCA)

The Lancashire and South Cumbria Cancer Alliance (LSCCA) VCFSE Small Grants Scheme supports innovative, community-led projects that improve cancer outcomes through greater awareness, increased screening and HPV vaccination uptake, and encouraging timely presentation to primary care. Designed with local stakeholders and aligned to NHS priorities for early diagnosis and the Core20Plus5 approach to reducing health inequalities, the scheme focuses on improving understanding of cancer signs and symptoms within targeted communities, including the most common cancers or those of particular local concern.

Spring North managed the scheme on behalf of the ICB Cancer Alliance, awarding £140,000 of grant funding to 19 VCFSE organisations across Lancashire and South Cumbria to deliver impactful, locally tailored cancer awareness initiatives.

12. Bridge to Home

This project, funded by Lancashire & South Cumbria NHS Foundation Trust (LSCFT), provides dedicated support to individuals in mental health wards who do not meet the criteria to reside (NMCTR) but continue to occupy a bed due to unresolved support needs. The service offers tailored case management to help each person access the right support at the right time, enabling a safe and timely transition back into the community. Support includes in-ward engagement, virtual sessions, and assistance with community rehabilitation. The project helps individuals understand their care options, build confidence, strengthen self-care skills and promote emotional independence. By addressing health, wellbeing and wider social needs, the service improves inclusion for people from disadvantaged or vulnerable backgrounds.

Alongside direct support, the project strengthens system processes, enhances information sharing and builds a clearer understanding of the NMCTR cohort, ultimately improving people’s experiences, outcomes and satisfaction across health and social care.

13. Severe Mental Illness (SMI) Health Check Outreach – South Cumbria

This project supports Primary Care Networks and General Practices across South Cumbria to identify and engage people on SMI registers who have not received a health check in the past three years, including those who are traditionally hard to reach. After identifying individuals, we make direct contact through letters, calls or face-to-face engagement, promoting the importance of completing their health check and supporting them through the process. Working closely with PCNs, we help deliver the checks and co-create personalised, integrated health plans that reflect each person’s priorities. We then support individuals to achieve their goals and improve long-term wellbeing.

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SPRING NORTH LTD

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

Financial review

During the year ended 31 March 2025 the charity received total incoming resources of £2,817,722. Costs of £2,913,420 were incurred in connection with the delivery of these projects and core administration, resulting in a deficit of £95,698.

Reserves policy

At 31 March 2025 the charity held total funds of £690,955, of which £576,222 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 2025 amounted to £488,093 (total expenditure of £2,913,420, less payments to service providers of £2,406,630, less member training costs of £18,697). As at 31 March 2025 the level of free general reserves was £576,222 which is in excess of six months' of core running expenditure.

Risk management

The main risks facing Spring North include:

Spring North Response - The organisation has been involved via representation on the programme boards and is well positioned to promote and position the VCFSE sector’s ability to respond and align to each left shift, especially the VCFSE sector’s ability for community and early intervention.

Spring North Response – The organisation has been developing partnerships, exploring with commissioners’ new delivery models, linked to high need areas and where Spring North and its members can offer a cost-effective solution.

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.

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.

Spring North response – Continued investment in workforce development, remuneration, wellbeing programmes

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

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.

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:

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2025

Auditor

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

………………………………………. C Bennett Trustee

Date: …………………… January 30, 2026

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INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of Spring North Ltd (the ‘charitable company’) for the year ended 31 March 2025 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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INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

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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INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

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 30, 2026 Date: ………………………..

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542)

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

YEAR ENDED 31 MARCH 2025

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 2024
Funds carried forward at 31 March 2025		 Unrestricted
funds
£
2,713,952
23,910
2,737,862
2,863,356
2,863,356
(125,494)
-
(125,494)
701,716
576,222		 Restricted
funds
£
79,861
-
79,861
50,064
50,064
29,797
-
29,797
84,936
114,733		 2025
Total funds
£
2,793,813
23,910
2,817,723
2,913,420
2,913,420
(95,697)
-
(95,697)
786,652
690,955		 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

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

All of the above amounts relate to continuing activities.

-17-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

BALANCE SHEET

AS AT 31 MARCH 2025

Unrestricted Restricted 2025 2024
funds funds Total funds Total funds
£ £ £ £
Note
Current assets
Debtors 9 375,374 - 375,374 743,633
Cash at bank and in hand 437,035 114,733 551,768 158,231
812,409 114,733 927,142 901,864
Creditors: amounts falling due within one year Creditors: amounts falling due within one year
10		 (236,187) - (236,187) (115,212)
Net current assets 576,222 114,733 690,955 786,652
Total assets less current liabilities 576,222 114,733 690,955 786,652
Funds
Designated funds 11 - 114,733 114,733 84,936
Unrestricted funds 11 576,222 - 576,222 701,716
Total funds 576,222 114,733 690,955 786,652

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

January 30, 2026 These accounts were approved by the Trustees on …………………………. and signed on their behalf by:

………………………………………. Oo. Benne C Bennett Trustee

Company Registration Number: 07797133

-18-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

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		 2025
£
393,537
-
393,537
158,231
551,768
2025
£
(95,697)
-
368,260
120,974
393,537		 2024
£
(62,193)
-
(62,193)
220,424
158,231
2024
£
470,748
-
(383,176)
(149,765)
(62,193)

-19-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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 2025 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:

-20-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

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.

-21-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Restricted 2025 Total 2024 Total
funds funds funds funds
£ £ £ £
Income for delivery of services
Action for ASD - - - 41,217
Blackburn with Darwen Borough
Council:
BeeYourself Website - - - 10,000
BwD Multiply Project - 70,861 70,861 25,360
BwD YPF - - - 30,000
Community Champions 31,250 - 31,250 39,750
Holiday Activities Fund - - - -
NYO 114,000 - 114,000 -
Community Foundation:
Healthy Thinking for Me - - - 40,120
DWP Resource Management:
Kickstart - - - 5,604
Department of Health and Social Care
Safe Hubs 151,600 - 151,600 -
Lancashire Country Council:
Holiday Activities Fund 546,381 - 546,381 587,619
IRS Peer Support workers - - - 56,300
Lancashire South Cumbria NHS
Foundation Trust:
Healthy Child Programme - - - 88,318
IRS Peer Support workers - - - 15,116
Management fee for core services 404,432 9,000 413,432 275,532

-22-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3 Incoming resources from charitable activities (Continued)

Income for delivery of services
NHS Lancashire and South Cumbria
ICB (QE1):
ASD support service
Asthma Champions
Bridge to Home
Cancer Alliance
Covid & Flu Project
Diabetes Casework
Early Years Intervention
HEE
Macmillan
MH Ward support
MH Ward support - paediatric
Physical health checks South Cumbria
Spring North Hub
Thrive Lot 2
Thrive Lot 3
Thrive Waites
Turnaround
UEC Winter Capacity
VCFSE Sector Commissioning
Support Service
Not specified		 Unrestricted
funds
£
143,333
-
106,250
157,080
-
-
25,850
-
6,949
-
194,688
12,567
6,549
126,324
104,049
163,400
14,250
400,000
-
5,000
2,713,952		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
79,861		 2025 Total
funds
£
143,333
-
106,250
157,080
-
-
25,850
-
6,949
-
194,688
12,567
6,549
126,324
104,049
163,400
14,250
400,000
-
5,000
2,793,813		 2024 Total
funds
£
116,667
90,000
157,500
-
81,870
120,683
88,000
35,975
-
70,000
238,000
-
-
-
-
-
-
-
75,000
-
2,288,631

Included within income from charitable activities is unrestricted income of £2,713,952 (2024: £2,155,967) and restricted income of £79,860 (2024: £132,664).

4 Other income

ther income
Miscellaneous Income
Service Income		 Unrestricted
funds
£
4,640
19,270
23,910		 Restricted
funds
£
-
-
-		 2025 Total
funds
£
4,640
19,270
23,910		 2024 Total
funds
£
-
13,835
13,835

-23-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Included within other income is unrestricted income of £23,910 (2024: £13,835) and restricted income of £nil (2024: £nil).

5 Costs of charitable activities

Adult Autism support
ASD Support service
Asthma Champions
B2H
BeeYourself Website
BP Engagement
BwD Multiply Project
BwD YPF
CAF
Cancer Alliance
Community Champions
Covid & Flu Project
Diabetes Casework
EY Interventions
Genetics Project
HAF
Holiday Activities Fund - Preston
Healthy Child Programme
Healthy Thinking for Me
HEE
IRS Wellbeing Coordinators
Macmillan
MH ward - BFW
MH Ward support - paediatric
NYO
Physical Health Checks South Cumbria
PL Leaders Board
Safe Hubs
Spring North HUB
Workforce MH Training
Thrive Waites
Thrive Lot 2
Thrive Lot 3
Turnaround
UEC Winter Capacity		 Activities
directly
undertaken
(note 6)
£
42,500
160,000
10,000
172,667
-
-
46,014
-
-
141,700
-
34,240
12,000
52,640
-
68,172
546,226
-
4,050
-
-
6,851
-
194,688
95,000
8,378
-
132,500
-
27,285
108,820
126,324
66,957
2,800
373,656
2,433,468		 Support and
governance
costs
(note 6)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
98
-
-
-
-
-
-
49,074
430,780
-
-
-
-
-
479,952



2025 Total
funds
£
42,500
160,000
10,000
172,667
-
-
46,014
-
-
141,700
-
34,240
12,000
52,640
-
68,172
546,226
-
4,050
-
-
6,949
-
194,688
95,000
8,378
-
132,500
49,074
458,065
108,820
126,324
66,957
2,800
373,656
2,913,420		 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

Total expenditure includes £2,863,356 of unrestricted expenditure and £50,064 of restricted expenditure.

-24-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5 Costs of charitable activities (continued)

Prior year 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

-25-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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
Rent and rates
IT Support
Bank charges
Bad debts
Light and Heating Costs
Professional fees, finance support & payroll
Governance costs – audit and accounts fee		 2025
Direct
costs
£
-
2,406,630
-
-
8,141
18,697
-
-
-
-
-
-
-
-
-
-
-
-
-
2,433,468		 2025
Support
costs
£
424,651
-
6,129
-
-
-
1,616
5,743
586
900
1,873
10,239
5,625
(521)
16,950
279
-
-
-
5,882
479,952		 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

During the year ended 31 March 2025, Nil members were awarded small grants (2024: £nil).

7 Net (incoming)/outgoing resources

Net resources are stated after charging/(crediting):

2025 2024
£ £
Independent auditors’ remuneration:
- Audit fee (exclusive of VAT) 6,250 4,875
- Other services (exclusive of VAT) 1,250 1,100

-26-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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		 2025
£
382,607
30,634
10,860
424,101		 2024
£
288,634
21,860
7,443
317,937

Particulars of employees:

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

Management
Information and administration		 2025
No
4
7
11		 2024
No
4
6
10

No employees received emoluments of more than £60,000 during the year (2024: £60,000). 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 (2024: £nil).

The employee benefits paid to key management personnel including employer’s NI and employer’s pension contributions during the year was £198,146 (2024: £62,023).

During the year two redundancy payments were made to two employees for the amounts of £9,798 and £3,473. There were no amounts outstanding at 31 March 2025.

9 Debtors

Other debtors
Prepayments		 2025
£
330,925
44,449
375,374		 2024
£
741,408
2,225
743,633

-27-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10 Creditors: Amounts falling due within one year

Accruals and deferred income
Taxation and other social security
Trade creditors
Other creditors		 2025
£
220,307
-
12,314
3,566
236,187		 2024
£
113,403
-
-
1,809
115,212

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
2024
£
701,716
-
-
701,716
49,882
29,420
5,634
84,936
786,652		 Incoming
resources
£
2,737,862
-
-
2,737,862
79,861
-
-
79,861
2,817,723		 Outgoing
resources
£
(2,863,356)
-
-
(2,863,356)
(46,014)
(4,050)
-
(50,064)
(2,913,420)		 Transfers
£
-
-
-
-
-
-
-
-
-		 Carried
forward at
31 March
2025
£
576,222
-
-
576,222
83,729
25,370
5,634
114,733
690,955

-28-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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
12
Financial instruments
Carrying amount of financial
Debt instruments measured at
Carrying amount of financial
Measured at amortised cost		 Brought
forward
at 1 April
2023
Incoming
resources
Outgoing
resources
Transfers
Carried
forward at
31 March
2024
£
£
£
£
£
315,874
2,169,802
(1,783,960)
-
701,716
-
-
-
-
-
-
-
-
-
315,874
2,169,802
(1,783,960)
-
701,716
-
79,860
(29,978)
-
49,882
-
47,200
(17,780)
-
29,420
30
5,604
-
-
5,634
30
132,664
(47,758)
-
84,936
315,904
2,302,466
(1,831,718)
-
786,652
2025
2024
£
£
assets
amortised cost
330,925
741,408
liabilities
-
-
-
-
-
-
-
-
315,874
2,169,802
(1,783,960)
-
79,860
(29,978)
-
47,200
(17,780)
30
5,604
-
30
132,664
(47,758)
315,904
2,302,466
(1,831,718)
assets
amortised cost
liabilities

-29-

Docusign Envelope ID: D1C38ECE-4A49-4B7B-978A-E77507EA1A87

SPRING NORTH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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		 2025
£
-
-
-
-		 2024
£
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 £2,411,031 (2024: £1,366,921) 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.

-30-