2020-12-31-accounts - Quaker Mental Health Fund ( UK )

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CONTENTS	PAGE
Annual Report	2- 7
Auditor's Report	8-10
Statement of Financial Activities
Balance Sheet	12
Statement ofCash Flows	13
Notes to the Accounts	14-20

STATEMENT OF FINANCIAL	STATEMENT OF FINANCIAL		Unrestricted	Expendable	2020	2019
ACTIVITIES			Income	Endowment	Total	Total
			Fund	Fund		F
			E	E
INCOME FROM		Note
Donations			23,571		23,571	3,033
Income from investments		3d	53,315		53,315	49,156
Bank interest			31		31	53
Total income			76,917		76,917	52,242
EXPENDITURE ON
Raising funds - investment management fees				13,952	13,952	9,485
Charitable activities			107,242		107,242	100,543
Total Expenditure			107,242	13,952	121,194	110,028
Net (expenditure) before gains and losses on investments			(30,325)	(13,952)	(44.277)	(57,786)
Net gains on investments		3e		126,859	126,859	259,521
Net income I(expenditure) year	for the		(30,325)	112,907	82,582	201,735
RECONCILIATION OF FUNDS
Total funds brought forward			120,369	1,965,692	2,086,061	1,884,326
Total funds carried forward			90,044	2,078,599	2,168,643	2,086,061

BALANCE SHEET		Notes	2020	2019
				6
Fixed assets
Investments		3	2,099,039	1,985,384
Total fixed assets			2,099,039	1,985,384
Current assets
Debtors			10,167	59,718
Cash at bank and on short term deposit			64,875	46,287
			75,042	106,005
Liabilities
Creditors: amounts	falling due within one year
Accrued charges			(5,438)	(5,328)
Net current assets			69,604	100,677
Total assets			2,168,643	2,086,061
The funds ofthe charity
Unrestricted income	fund		90,044	120,369
Expendable endowmentfund			2,078,599	1,965,692
Total charity funds			2,168,643	2,086,061

STATEMENT OF CASH FLOWS FOR	STATEMENT OF CASH FLOWS FOR	THE	YEAR ENDED	31 DECEMBER 2020	31 DECEMBER 2020
				Note	2020	2019
						F
Cash used in operating activities					(47,962)	(175,539)
Cash flows from investing	activities
Investment income received					53,346	49,209
Purchase of investments					(372,035)	(1,946,405)
Sale proceeds ofinvestments					381,827	2,056,009
Cash provided by investing	activities				63,138	158,813
Change in cash and cash equivalents		in the	year		15,176	(16,726)
Cash and cash equivalents at the beginning			ofthe year		67,874	84,600
Cash and cash equivalents	at the end of		the year	6	83,050	67,874

3	Investments
						2020 K	2019 f
(a)	Movement in year at market		value
	Listed investments
	Market value at	1 January 2020				1,963,797	1,813,880
	Acquisitions at cost					372,035	1,946,405
	Disposals at book value					(377,594)	(1,931,819)
	Net gain / (loss)	on revaluation				122,626	135,331
	Market value at	31 December	2020			2,080,864	1,963,797
	Investment cash					18,175	21,587
						2,099,039	1,985,384
	Historical cost	oflisted investments				1,849,775	1,828,466
(b)	Reconciliation	and movement		in unrealised
	gains
	Unrealised gains at 1 January		2020			135,331	88,760
	(Less) in respect	ofdisposals	in	the year		(26,868)	(88,760)
	Add net (loss) / gains arising		on	revaluations	in the	122,626	135,331
	year
	Unrealised gains at 31 December 2020					231,089	135,331
(c)	Market value analysis
	Fixed Interest					304,627	265,281
	UK Equities					593,758	594,603
	Global Equities					874,817	801,503
	Property					138,435
	Alternative Investments					145,636	302,410
	Private Equity					23,591
						2,080,864	1,963,797
	Cash					18,175	21,587
						2,099,039	1,985,384

3	Investments -continued
						2020		2019
(d)	Investment income
	Listed Investments
	Listed securities					52,694		49,156
	Cash deposits					621
						53,315		49,156
(e)	Net gain / (loss) on investments
	Realised gains on disposals					4,233		124,190
	Unrealised gain / (loss) for	year				122,626		135,331
						126,859		259,521
	All ofthe gain in 2020 and 2019is attributable				to the Expendable	Endowment	fund
	Investment management	fees
	Fees charged by Sarasin							(711)
	Fees charged by Quilter					13,952		10,196
						13,952		9,485
	Reconciliation ofnet movement		in funds to		net
	cash flow from operating	activities
	Net incoming / (outgoing)	resources for the		period		82,582		201,735
	(Deduct ) / add net gain / loss on investment			assets		(126,859)		(259,521)
	Deduct investment income activities	shown	in investing			(53,315)		(49,156)
	Deduct other interest income					(31)		(53)
	(Increase) / decrease in debtors					49,551		(59,718)
	(Decrease) / increase in accrued charges					110		(8,326)
	(Decrease) in amount due to The		Retreat York					(500)
						(47,962)		(175,539)
6	Analysis ofcash and cash equivalents
	Cash in hand					64,875		46,287
	Cash awaiting investment					18,175		21,587
	Total cash and cash equivalents					83,050		67,874

							2020	2019
							E	E
Grants
Retreat Individual Therapy Scheme							15,480
Phoenix Counselling		Services					3,717
Great Yarmouth Hospital			Project					2,000
Horseheard							5,000	5,000
Newcastle East Academy			Trust					4,578
Susan's Farm								2,737
Ackworth School							10,346
NESST							5,000
Mental Health Forum							538	4,245
Horfield Friends Cafh							5,000
Other project grants	(under E2,000)						6,516	4,229
Individual Therapy	Grants						9,123	14,958
							60,720	37,747
Grant to BYM for costs of			Mental	Health	Development	Officer	22,542	35,577
Total Direct Costs							83,262	73,324
Support Costs
Secretary Fees 8 Expenses							12,053	9,607
MHDO Management		and	Project	costs			5,618	9,373
Marketing							772	784
Website 8 ITCosts							740	332
Legal Fees							35	2,235
Bank Charges							26	37
Insurance							245	743
Meeting room hire							1,263	1,514
Governance -Audit	Fee						1,800	1,800
Governance —Non-Audit			Accountancy		Fees		720
Governance -Trustee		Expenses					708	794
Total Support Costs							23,980	27,219
Total Charitable Activities			Costs				107,242	100,543