REGISTERED COMPANY NUMBER: 09295578 (England and Wales} REGISTERED CHARITY NUMBER: 1160931 Report of the Trustees and Flnanclal Statements for the Year Ended 31 March 2024 for Mental Health Northants Collaboratlon Harris & Co IAccountantsl Ltd, Statutory Auditor 2 Pavilion Court 600 Pavilion Drive Northarnpton NN4 7SL
Mental Health Northants Collaboration Contents of the Flnancial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Report of the Independent Audltors Statement of Financial Actlvltles Balance Sheet Cash Flow Statement io Notes to the Cash Flow Statement li Notes to the Flnanclal Statements 12 to 15 Detailed Statement of Flnanclal Activities 16
Mental Health Northants Collaboration Report of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I January 20191. OBJECTIVES AND AcfiviTIES Oblectlves and alms Aims and Objectives MHNC'S Vision: To ensure people in Northamptonshlre are able to acce55 mental health support servlces that understand and meet their needs. MHNC'S Purpose.. MHNC supports local provlders working together to develop and deliver hlgh-quallty, integrated, person-centred community services to improve the mental health and wellbeing of people living in Northamptonshire. MHNC'S Values.. Voluntary and Community Sector focus. objectivity and impartiality; coordinated provision,. protecting autonomy and stren8thening organisations; inherent dynamism and responsiveness. Main Activities of the Year 2023-24 The year ha5 been another one of development and growth for MHNC. From a membership perspective, we increased our number of organisations from 12 to 19 with the addition of Service Six, The KidsAld Foundation, Accommodation Concern, The Lowdown, Youth Work5 Northamptonshlre, Tlme2Talk and Home Start Daventry & South Northants. By welcoming these new charlties, MHNC has not merely Increased its numbers but has improved Its all-age coverage of service provision within its membership. We remain the leading voice for VCSE delivery of mental health care in the county and, as a hugely respected and well-established or8anisation, have earned a key role in strategic decision makin8 Wlthin the countv. Our role as the provider partner on the Northamptonshire MHLDA (Mental Health, Learning Difficulties & Autisml Collaborative ensures that we can represent members and the wider sector across the ICS and beyond. We also hold significant positions, both as MHNC and through our member representation, on a number of committees, Pillar groups, thematics and steering 8roups meanin8 we have a leading involvement in the decisions and developrnents regarding mental health provision and care within Northamptonshire. As well as Increaslng our membership durlng 2023-24, we also added to our team. The Introduction of a Quality Lead role to the MHNC has enabled us to make advances in both the working processes withln MHNC and the offer we give to our members. A further success this year was the welcome return of our annual conference. Held at St Andrew's Hospital in Northampton, we welcomed approaching 100 guests to the day during which we held workshops and heard talks from prominent people in the mental health sector including figure world-renowned Dr Jonathon Campion and co-founder of the Action For Happiness movement, Lord Richard Layard. From a financial perspective, MHNC remains sound. We continue to manage the Crisls Pathway Contract which enables two of our member organisations (Northamptonshire Mind and Kettering Mindl to deliver vital assistance to the community through their mental health navigators, Crisis Cafes and Hospital At Home services. Our PCIIPH grant also continued to be delivered through 2023-24. This enabled our members to provide free-to-access counselling, one-to-one, work-based volunteering, peer support and wellbeing courses to the people of Northamptonshire. Unfortunately, we were informed in December 2023 that the PH (Public Health) element of thi5 funding would not be continued after March 2024 infllcting a significant reduction in the funding avallable for these services. M HNC continued to play a key role in the management and monitoring of the Population Health & Prevention Pillar funding. This a significant piece of work which supports various schemes, both small and large, including mental health awareness campaigns, Autism support, a carers wellbeing toolkit, trainin8 frameworks and physic31 health checks for people with severe mental illness. We also received three separate bits of funding to provide training for our members. These grants were supplied by the David Laing Foundation. The Page Fund and the Davidge Usher Trust and will enable us to develop further the value we offer our membership. Further collaborative bids are either planned or have been submitted for 2024-25. Pa8e I
Mental Health Northants Collaboratlon Report of the Trustees for the Year Ended 31 March 2024 STRATEGIC REPORT STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 09295578 (England and Wales) Registered Charlty number 1160931 Reglstered offlce I Stanier Close Northfield Avenue Kettering Northamptonshire NN18 8AN Trustees S Behan Retired S Evetts Research Unit Mana8er Ms S L Hillier Charity Ceo Dr R C Lewis Healthcare Project Manager J C Nightingale Charity Director Isince 4111120141 Iresigned 1216120231 Ms J Panes Director (resigned 1114120231 Ms S M Pepper (appointed 19/2120201 Ms E M Smith Nurse M Mitchell Charity CEO (appointed 517120231 Company Secretarv JRLyon Auditors Harris & Co IAccountantsl Ltd, Statutory Auditor 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL TRUSTEES, RESPONSIBILITY STATEMENT The trustees (who are also the directors of Mental Health Northants Collaboration for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accountin8 Standards Iunited Kingdom Generally Accepted Accounting Practice). Page 2
Mental Health Northants Collaboration Report of the Trustees for the Year Ended 31 March 2024 TRUSTEES, RESPONSIBILITY STATEMENT- contlnued Company law requires the trustees to prepare financial statements for each financial year which 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 those financial statements, the trustee5 are required to select suitable accounting policies and then apply them consistently, observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any materlal departures dlsclosed and explained In the financial statements. prepare the financial statements on the golng concern basls unless it is Inapproprlate to presume that the charitable company w511 continue in business. The trustees are responsible for keepin8 proper 3ccountin8 records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the asset5 of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. In so far as the trustees are aware.. there 15 no relevant audit informatlon of whlch the charltable company's auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audSt information and to establish that the auditors are aware of that information. AUDITORS The auditors, Harris & Co IA¢countantsl Ltd, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meetin8. Report of the trustees, incorporating a strate8ic report, approved by order of the board of trustees, as the company directors, on 23 October 2024 and signed on the board's behalf by.. S Behan Trustee Page 3
Report of the Independent Auditors to the Members of Mental Health Northants Collaboration Opinion We have audited the financial statements of Mental Health Northant5 Collaboration {the 'charitable company'l 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 a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared In accordance wlth the requirements of the Companies Act 2006. Basls for oplnSon We conducted our audit in accordance with International Standards on Audltln8 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, 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, includin8 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. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the golng concern basls of accountlng In the preparation of the flnanclal Statements Is approprlate. 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 goin8 concern for a perlod of at least twelve month5 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 Informatlon The trustees are responslble for the other informatlon. The other Information comprlse5 the Information included in the Annual Report, other than the financial statements and our Report of the Independent Audltors thereon. 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. In connection with our audit of the f inancial statements, 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 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. We have nothin8 to report in this regard. Oplnions on other matters pre5crlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 4
Report of the Independent Auditors to the Members of Mental Health Northants Collaboratlon Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specif led by law are not made,. or we have not received all the information and explanations we require for our audit. Responslbllltles of trustees As explained more fully In the Trustees, Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the f inancial 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 f rom 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 goin8 concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accou nting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 5
Report of the Independent Auditors to the Members of Mental Health Northants Collaboration Our re5ponsSbilities for the audit of the flnanclal 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 a Report of the Independent Auditors 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 IUKI 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Identifying and assessing potential risks related to irregularities In identifying and assessing the rlsks of materlal misstatement in respect of irregularities, Including fraud and non-compliance with laws and regulations, we considered the following.. o The nature of the charity's activities and sector, control environment and financial performance. o Enquiring of rnanagement and the trustees, including obtaining and reviewing supporting documentation, concerning the charitable company's policies and procedures relating to.. Identifying. evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud,. The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations, o Discussing among the engagement team and involving relevant Internal specialists, including tax, and charity specialists (where relevant) regardlng how and where fraud ml8ht occur in the financlal Statements and any potential Indicators of fraud; and o Obtaining and understandlng of the legal and regulatory frameworks that the charltable company operates In, focusing on those laws and regulations that had a direct effect on the financial statements, such as provisions of the UK Companies Act, charity legislation and tax le8isl3tion or that had a fundamental effect on the operations of the charitable cornpany,. including General Data Protection requirements, anti-bribery and corruption policv. Audit response to risks identified As a result of performing the above, we identified various provisions of the Charities Act and the Charity Commission guidance as key audit matters related to non-compliance with laws and regulations and the receipt of donations and the making of grants as key audit matters related to the potential risk of fraud. In common with all audits under ISAS IU Kl, we are 150 required to perform specific procedures to respond to the risk of management override. In addition to the above, our procedures to respond to risks identified include the following.. o Review of the financlal statement disclosures and testing to support documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements. o Enquiring of management, the trustees and in-house and external legal counsel where relevant concerning actual and potential litigation and claims,. o Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. and o Reading minutes of meetings of those charged with governance, reviewing internal reports where relevant and correspondence. o Reviewing compliance with relevant charity legislation. o Reviewing and testing the receipt of donations. o Reviewing and testing the making of grants. o In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entrie5 and other adjustments. assessing whether the judgements made in making accounting estimates are indicative of a potential bias- and evaluating the rationale of the charity for any significant transactions that are unusual or outside the normal course of business. Audit response to risks identified Icontinuedl We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to an indication of fraud or non-compliance with laws and regulations throughout the audit. Page 6
Report of the Independent Auditors to the Members of Mental Health Northants Collaboration 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. As part of an audit in accordance with ISAS IUKI, we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. o Identify and assess the risks of material misstaternent of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. o Obtain an understanding of internal control relevant to the audit In order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's Internal control. o Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. o Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or condltions may cause the charitable company to cease to continue as a 8olng concern. o Evaluate the overall presentatlon, structure and content of the financial 5tatement5, includln8 the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reportin8 Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 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'5 members those matters we are required to state to them in an auditors, 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 a Sody, for our audit work, for this report, or for the opin ions we have formed. arris (Senior Statutory Auditor) on behalf of Harris & Co IAccountantsl Ltd, Statutory Auditor 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL 23 October 2024 Page 7
Mental Health Northants Collaboratlon Statement of Financial Activitles for the Year Ended 31 March 2024 Period 1112121 to 3113123 Total funds Year Ended 3113124 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 140,718 1,304,353 1,445,071 1,818,218 Investment income 2,010 2,010 1,503 Total 142,728 1,304,353 1,447,081 1,819,721 EXPENDITURE ON Charltable actSvlties Charitable activities 54,559 1,877,390 1,931,949 1,428,463 NET INCOME/(EXPENDITURE) 88,169 1573,0371 1484,8681 391,258 RECONCILIATION OF FUNDS Total funds brought forward 15,331 1,208,062 1,223,393 832,135 TOTAL FUNDS CARRIED FORWARD 103,500 635,025 738,525 1,223,393 The notes form part of these financial statement5 Page 8
Mental Health Northants Collaboratlon Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Notes CURRENT ASSETS Cash at bank 106,962 635,025 741,987 1,226,693 NET CURRENT ASSETS 106,962 635,025 741,987 1,226,693 TOTAL ASSETS LESS CURRENT LIABILITIES 106,962 635,025 741.987 1,226,693 ACCRUALS AND DEFERRED INCOME 13,4621 13,4621 13,3001 NET ASSETS 103,500 635,025 738,525 1,223,393 FUNDS Unrestricted funds Restricted funds 103,500 635,025 15,331 1,208,062 TOTAL FUNDS 738,525 1,223,393 The financial statements were approved by the Board of Trustees and authorised for issue on 23 October 2024 and were signed on its behalf by.. S Behan - Trustee The notes form part of these financial statement5 Page 9
Mental Health Northants Collaboratlon Cash Flow Statement for the Year Ended 31 March 2024 Period 1112121 to 3113123 Year Ended 3113124 Notes Cash flows from operatlng actlvltles Cash generated from operations 1486,7161 390,055 Net cash lused inllprovided by operating activities 1486,7161 390,055 Cash flows from Investlng actlvltles Interest recelved 2,010 1,503 Net cash provided by Investing activities 2,010 1,503 Change In cash and cash equlvalents in the reportin8 perlod Cash and cash equlvalents at the be8innln8 of the reportln8 perlod 1484.7061 391,558 1,226,693 835,135 Cash and cash equlvalents at the end of the reporting perlod 741,987 1,226,693 The notes form part of these f inancial statements Page 10
Mental Health Northants Collaboration Notes to the Cash Flow Statement for the Year Ended 31 March 2024 RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES Period 1112121 to 3113123 Year Ended 3113124 Net lexpenditure)Ilncome for the reportlng perlod las per the Statement of Financlal Activities) Adjustments for: Interest recelved Increase in creditors 1484,8681 391,258 12,0101 162 11,5031 300 Net cash (used In)Iprovlded by operatlons 1486,7161 390,055 ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net cash Cash at bank 1,226,693 1484,7061 741,987 1,226.693 1484,7061 741,987 Total 1,226,693 1484,7061 741,987 The notes form part of these financial statements Page 11
Mental Health Northants Collaboration Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basls of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Ac¢ounting 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 IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income Is recognised in the Statement of Financial Actlvltles once the charlty ha5 entltlement to the funds, it is probable that the income will be received and the amount can be measured reliablv. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to condltions whlch have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accountlng 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 arSse when speclfied by the donor or when funds are raised for particular restricted purposes. Further explanatlon of the nature and purpose of each fund is included in the notes to the financial statements. DONATIONS AND LEGACIES Period 1/12/21 to 3113123 Year Ended 3113124 Grants 1,445,071 1,818,218 Page 12 continued...
Mental Health Northants Collaboratlon Notes to the Financial Statements - Continued for the Year Ended 31 March 2024 INVESTMENT INCOME Period 1112121 to 3113123 Year Ended 3113124 Deposit account interest 2,010 1,503 CHARITABLE ACTIVITIES COSTS Grant f unding of activities Isee note Dlrect Costs 51 Totals Charitable activities 54,560 1,877,389 1,931,949 GRANTS PAYA8LE Period 1112121 to 3113123 Year Ended 3113124 Charltable activities 1,877,389 1,399,489 The total grants paid to institutions during the year was as follows.. Perlod 111212 1 to 3113123 Year Ended 3113124 Service Providers Time to change Covid relief distribution Crisis pathway PCI & PH Funding 1920 423,684 1,885 533,818 294,046 569,740 162,189 1,165,712 125,804 1,877,389 1,399,489 PaBe 13 continued...
Mental Health Northants Collaboration Notes to the Financial Statements - continued for the Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustee5' remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023. ACCRUALS AND DEFERRED INCOME 2024 2023 Accruals and deferred Income 3,462 3,300 MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestrlcted funds General fund 15,331 88,169 103,500 Restrlcted funds restricted fund 1,208,062 1573,0371 635,025 TOTAL FUNDS 1,223,393 1484,8681 738,525 Net movement in fund5, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 142,728 154,5591 88,169 Restricted funds restricted fund 1,304,353 11,877,3901 1573,0371 TOTAL FUNDS 1.447,081 11,931,949) 1484,8681 Page 14 continued...
Mental Health Northants Collaboration Notes to the Financlal Statements- continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- contlnued Comparatives for movemÈnt In funds Net movement in funds Transfers between funds At 1112121 At 3113123 Unrestrlcted fund5 General fund 7,542 127,4701 35.259 15,331 Restrlcted funds restricted fund 824,593 418,728 135,2591 1,208,062 TOTAL FUNDS 832,135 391,258 1,223,393 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement In funds Unrestrlcted funds General fund 1,504 {28,9741 127,4701 Restrlcted funds restricted fund 1,818,217 11,399,489) 418,728 TOTAL FUNDS 1,819,721 11,428,463) 391,258 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. io. GOING CONCERN The charity Is reliant upon the periodic award of grant funding from the NHS. Since the grants are awarded on a periodic basis, the charity is unable to forecast too far into the f uture and in particular for a period of 12 rnonths from the date of approval of the financial statements. The trustees conslder that the going concern basis of preparation of the financia5 statements is appropriate given the large bank balances held and the S year NHS contract awarded in April 2022. Page 15
Mental Health Northants Collaboration Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Period 1112121 to 3113123 Year Ended 3113124 INCOME AND ENDOWMENTS Donatlons and legacles Grants 1,445,071 1,818,218 Investment Income Deposit account inrerest 2,010 1,503 Total incomln8 resources 1,447,081 1,819,721 EXPENDITURE Charltable actlvltles Insurance Admin and other costs Bank charges Companies house Audit Licence Grants to institutions 1,122 44,694 74 2,088 23,093 118 375 3,300 3,462 5,208 1,877,389 1,399,489 1,931,949 1,428,463 Total resources expended 1,931,949 1,428,463 Net {expendlture)/lncome 1484,8681 391,258 This page does not form part of the statutory f inancial Statements Page 16