2021-12-31-accounts - Quaker Mental Health Fund ( UK )

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STATEMENT OF FINANCIAL	STATEMENT OF FINANCIAL		Unrestricted	Expendable	2021	2020
ACTIVITIES			Income	Endowment	Total	Total
			Fund	Fund
			K
INCOME FROM		Note
Donations			9,677		9,677	23,571
Income from investments		3d	60,376		60,376	53,315
Bank interest			25		25	31
Total income			70,078		70,078	76,917
EXPENDITURE ON
Raising funds - investment management fees				15,596	15,596	13,952
Charitable activities			87,247		87,247	107,242
Total Expenditure			87,247	15,596	102,843	121,194
Net (expenditure) before gains and losses on investments			(17,169)	(15,596)	(32,765)	(44,277)
Net gains on investments		3e		243,053	243,053	126,859
Net income / (expenditure) year	for the		(17,169)	227,457	210,288	82,582
RECONCILIATION OF FUNDS
Total funds brought forward			90,044	2,078,599	2,168,643	2,086,061
Total funds carried forward			72,875	2,306,056	2,378,931	2,168,643

BALANCE SHEET		Notes	2021	2020
				F
Fixed assets
Investments			2,327,869	2,099,039
Total fixed assets			2,327,869	2,099,039
Current assets
Debtors			8,776	10,167
Cash at bank and on short term deposit			48,140	64,875
			56,916	75,042
Liabilities
Creditors: amounts	falling due within one year
Accrued charges			(5,854)	(5,438)
Net current assets			51,062	69,604
Total assets			2,378,931	2,168,643
The funds ofthe charity
Unrestricted income	fund		72,875	90,044
Expendable endowment		fund	2,306,056	2,078,599
Total charity funds			2,378,931	2,168,643
The financial statements		on pages 10to 19were approved	by the trustees on .... ....g..2022 and are
signed on their behalf	by:

				Note	2021	2020
Cash used in operating activities					(91,359)	(47,962)
Cash flows from investing	activities
Investment income received					60,401	53,346
Purchase of investments					(306,298)	(372,035)
Sale proceeds of investments					309,087	381,827
Cash provided by investing	activities				63,190	63,138
Change in cash and cash equivalents		in the	year		(28,169)	15,176
Cash and cash equivalents at the beginning			ofthe year		83,050	67,874
Cash and cash equivalents	at the end of		the year	6	54,881	83,050

2 SOFA Prior Year Comparatives	2 SOFA Prior Year Comparatives
STATEMENT OF FINANCIAI			Unrestricted	Expendable	2020	2019
ACTIVITIES			Income	Endowment	Total	Total
			Fund	Fund
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 / (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

	Investments
						2021	2020
						K	K
(a)	Movement in year at market		value
	Listed Investments
	Market value at	1 January 2021				2,080,864	1,963,797
	Acquisitions at cost					306,298	372,035
	Disposals at book value					(289,748)	(377,594)
	Net gain / (loss)	on revaluation				223,714	122,626
	Market value at	31 December	2021			2,321,128	2,080,864
	Investment cash					6,741	18,175
						2,327,869	2,099,039
	Historical cost	of listed investments				1,868,579	1,849,775
(b)	Reconciliation	and movement		in unrealised
	gains
	Unrealised gains at 1 January		2021			231,089	135,331
	(Less) in respect ofdisposals		in	the year		(2,254)	(26,868)
	Add net (loss) /	gains arising	on	revaluations	in the	223,714	122,626
	year
	Unrealised gains at 31 December 2021					425,549	231,089
(c)	Market value analysis
	Fixed Interest					305,953	304,627
	UK Equities					593,849	593,758
	Global Equities					1,083,250	874,817
	Property					152,773	138,435
	Alternative Investments					161,425	145,636
	Private Equity					23,878	23,591
						2,321,128	2,080,864
	Cash					6,741	18,175
						2,327,869	2,099,039

	Investments -continued
						2021	2020
(d)	Investment income
	Listed Investments
	Listed securities					60,376	52,694
	Cash deposits						621
						60,376	53,315
(e)	Net gain I(loss) on investments
	Realised gains on disposals					19,339	4,233
	Unrealised gain / (loss) for	year				223,714	122,626
						243,053	126,859
	All ofthe gain in 2020 and 2019is attributable			to the	Expendable	Endowment	fund
	Investment management	fees
	Fees charged by Quilter					15,596	13,952
	Reconciliation of net movement		in funds to net
	cash flow from operating	activities
	Net incoming / (outgoing)	resources for the		period		210,288	82,582
	(Deduct ) / add net gain / loss on investment			assets	(243,053)		(126,859)
	Deduct investment income activities	shown	in investing			(60,376)	(53,315)
	Deduct other interest income					(25)	(31)
	(increase) / decrease in debtors					1,391	49,551
	(Decrease) / increase in accrued		charges			416	110
						(91,359)	(47,962)
	Analysis ofcash and cash equivalents
	Cash in hand					48,140	64,875
	Cash awaiting investment					6,741	18,175
	Total cash and cash equivalents					54,881	83,050

						2021	2020
Grants
Carr Junior School						2,615	1,996
Oxford Meet						3,000	1,500
Rookhow						3,325
Retreat Individual Therapy		Scheme				19,080	14,100
Phoenix Counselling	Services					775	3,717
Sea Change Trust						5,000	1,020
Horseheard							5,000
Newcastle East Academy		Trust				4,577
Susan's Farm						2,148
Bootham School						6,380	10,346
NESST						1,575	5,000
Mental Health Forum						3,373	538
Quaker Service Belfast							5,000
Other project grants	(under E2,000)						2,722
Individual Therapy Grants						13,021	9,781
						64,869	60,720
Grant to BYM for costs of		Mental	Health	Development	Officer		22,542
MHDO Fees						18,000
Total Direct Costs						82,869	83,262
Support Costs
Secretary Fees 8 Expenses							12,053
MHDO Management	and	Project	costs				5,618
Marketing						270	772
Website 8 ITCosts						768	740
Legal Fees						282	35
Bank Charges						24	26
Insurance						353	245
Meeting room hire						84	1,263
Sundry Expenses						266	24
Governance -Audit	Fee					1,800	1,800
Governance —Non-Audit		Accountancy		Fees		360	720
Governance -Trustee Expenses						171	684
Total Support Costs						4,378	23,980
Total Charitable Activities		Costs				87,247	107,242