MENTAL HEALTH NORTH WEST CIC

Company limited by guarantee

Company Registration Number:
13172068 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

MENTAL HEALTH NORTH WEST CIC

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MENTAL HEALTH NORTH WEST CIC

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Directors

The directors shown below have held office during the whole of the period from
1 March 2022 to 28 February 2023

Mrs C M James
Mr D R Reid
Mrs E A Wallis
Mr K J S James


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 November 2023

And signed on behalf of the board by:
Name: Mr K J S James
Status: Director

MENTAL HEALTH NORTH WEST CIC

Profit And Loss Account

for the Period Ended 28 February 2023

2023 13 months to 28 February 2022


£

£
Turnover: 28,533 5,868
Cost of sales: ( 25,176 ) ( 4,591 )
Gross profit(or loss): 3,357 1,277
Distribution costs: 0 0
Administrative expenses: ( 2,997 ) ( 1,706 )
Other operating income: 0 0
Operating profit(or loss): 360 (429)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 360 (429)
Tax: 0 0
Profit(or loss) for the financial year: 360 (429)

MENTAL HEALTH NORTH WEST CIC

Balance sheet

As at 28 February 2023

Notes 2023 13 months to 28 February 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 174 2,000
Cash at bank and in hand: 12,463 4,253
Investments:   0 0
Total current assets: 12,637 6,253
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 12,706 ) ( 6,682 )
Net current assets (liabilities): (69) (429)
Total assets less current liabilities: (69) ( 429)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (69) (429)
Members' funds
Profit and loss account: (69) ( 429)
Total members' funds: ( 69) (429)

The notes form part of these financial statements

MENTAL HEALTH NORTH WEST CIC

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 November 2023
and signed on behalf of the board by:

Name: Mr K J S James
Status: Director

The notes form part of these financial statements

MENTAL HEALTH NORTH WEST CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Accounting policiesBasis of preparationThe financial statements have been prepared on the historical cost basis, as modified by therevaluation of certain financial assets and liabilities and investment properties measured at fairvalue through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.Revenue recognitionTurnover is measured at the fair value of the consideration received or receivable for goodssupplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards ofownership have transferred to the buyer (usually on despatch of the goods); the amount ofrevenue can be measured reliably; it is probable that the associated economic benefits will flowto the entity; and the costs incurred or to be incurred in respect of the transactions can bemeasured reliably.Financial instrumentsA financial asset or a financial liability is recognised only when the company becomes a party tothe contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless thearrangement constitutes a financing transaction, where it is recognised at the present value ofthe future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Where investments in non-convertible preference shares and non-puttable ordinary shares orpreference shares are publicly traded or their fair value can otherwise be measured reliably, theinvestment is subsequently measured at fair value with changes in fair value recognised in profitor loss. All other such investments are subsequently measured at cost less impairment.Other financial instruments, including derivatives, are initially recognised at fair value, unlesspayment for an asset is deferred beyond normal business terms or financed at a rate of interestthat is not a market rate, in which case the asset is measured at the present value of the futurepayments discounted at a market rate of interest for a similar debt instrument.Other financial instruments are subsequently measured at fair value, with any changesrecognised in profit or loss, with the exception of hedging instruments in a designated hedgingrelationship.Financial assets that are measured at cost or amortised cost are reviewed for objective evidenceof impairment at the end of each reporting date. If there is objective evidence of impairment, animpairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that areindividually significant, these are assessed individually for impairment. Other financial assets areeither assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that thereversal does not result in a carrying amount of the financial asset that exceeds what the carryingamount would have been had the impairment not previously been recognised.

MENTAL HEALTH NORTH WEST CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 13 months to 28 February 2022
    Average number of employees during the period 1 1

MENTAL HEALTH NORTH WEST CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Debtors

2023 13 months to 28 February 2022
£ £
Trade debtors 174 1,800
Prepayments and accrued income 0 0
Other debtors 200
Total 174 2,000
Debtors due after more than one year: 0 0

MENTAL HEALTH NORTH WEST CIC

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 28 February 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,411 911
Taxation and social security 8 0
Accruals and deferred income 0 0
Other creditors 11,287 5,771
Total 12,706 6,682

COMMUNITY INTEREST ANNUAL REPORT

MENTAL HEALTH NORTH WEST CIC

Company Number: 13172068 (England and Wales)

Year Ending: 28 February 2023

Company activities and impact

The company delivers mental health training, walking based events and support services.First Aid for Mental Health training is delivered commercially, surplus from this, together with grant funding allow us to deliver Wellness Walks which are free to participants with self-reported low mental health.Some of funding has specific restrictions (geographical or participant basis) and some is unrestricted.

Consultation with stakeholders

We hold Directors meetings approximately 4 times a year or specifically if matters arise. We are also part of the West Cumbria Mental Health Partnership which holds bi-monthly meetings.

Directors' remuneration

Directors remuneration is detailed in the on page 8 of the accounts. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 November 2023

And signed on behalf of the board by:
Name: Kelvyn James
Status: Director