2022-12-31-accounts - Quaker Mental Health Fund ( UK )

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CONTENTS	PAGE
Annual Report	2-6
Auditor's Report	7-9
Statement of Financial Activities	10
Balance Sheet	11
Statement of Cash Flows	12
Notes to the Accounts	13-19

STATEMENT OF FINANCIAL		Unrestricted	Expendable	2022	2021
ACTIVITIES		Income	Endowment	Total	Total
		Fund	Fund
INCOME FROM	Note
Donations		842			9,677
Income from investments		61,847		61 ,847	60,376
Bank interest		44		44	25
Total income		66,733		66,733	70,078
EXPENDITURE ON
Raising funds - investment management fees	4		14,564	14,564	15,596
Charitable activities	7	65,551		65,551	87,247
Total Expenditure		65,551	14,564	80,115	102,843
Net (expenditure) before gains and losses on investments		1,182	(14,564)	(13,382)	(32,765)
Net (loss)/gain on investments			(385,174)	(385,174)	243,053
Net income / (expenditure) for the year		1,182	(399,738)	(398,556)	210,288
RECONCILIATION OF FUNDS
Total funds broughtforward		72,875		2,378,931	2,168,643
Total funds carried forward		74,057			2,378,931

BALANCE SHEET	Notes	2022	2021
Fixed assets
Investments	3		2,327,869
Totalfixed assets			2,327,869
Current assets
Debtors	8	8,255	8,776
Cash at bank and on shortterm deposit		50,177	48,140
		58,432	56,916
Liabilities
Creditors: amounts falling due within one year
Accrued charges	9	(5,716)	(5,854)
Net current assets		52,716	51 ,062
Total assets			2,378,931
The funds of the charity
Unrestricted income fund		74,057	72,875
Expendableendowment fund
Totalcharity funds			2,378,931

	Note	2022	2021
Cash used in operating activities	5	(74,890)	(91 ,359)
Cash flows from investing activities
Investment income received		61 ,891	60,401
Purchase of investments		(152,613)	(306,298)
Sale proceeds of investments		246,832	309,087
Cash provided by investing activities		156,110	63,190
Change in cash and cash equivalents in the year		81 ,220	(28,169)
Cash and cash equivalents at the beginning of the year		54,881	83,050
Cash and cash equivalents at the end of the year	6	136,101	54,881

SOFA PriorYearComparatives
STATEMENT OF FINANCIAL		Unrestricted	Expendable	2021	2020
ACTIVITIES		Income	Endowment	Total	Total
		Fund	Fund
INCOME FROM	Note
Donations		9,677		9,677	23,571
Income from investments		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	4		15,596	15,596	13,952
Charitable activities	7	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			243,053	243,053	126,859
Net income / (expenditure) for the		(17,169)	227,457	210,288	82,582
year
RECONCILIATION OF FUNDS
Total funds broughtforward		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

3	Investments
		2022	2021
(a)	Movement in year at market value
	Listed Investments
	Marketvalue at 1 January 2022	2,321,128
	Acquisitions at cost	152,613	306,298
	Disposals at book value	(302,140)	(289,748)
	Net gain / (loss) on revaluation	(329,866)	223,714
	Market value at 31 December 2022	1 ,841 ,735	2,321,128
	Investment cash	85,924	6,741
		1,927,659	2,327,869
	Historical cost of listed investments
(b)	Reconciliation and movement in unrealised
	gains
	Unrealised gains at 1 January 2022	452,549	231 ,089
	(Less) in respect of disposals in the year	(37,339)	(2,254)
	Add net (loss) / gains arising on revaluations in the	(329,866)	223,714
	year
	Unrealised gains at 31 December 2022	85,344	452,549
(c)	Marketvalue analysis
	Fixed Interest	237,501	305,953
	UK Equities	438,426	593,849
	Global Equities	842,069
	Property	150,936	152,773
	Alternative Investments	156,318	161 ,425
	Private Equity	16,485	23,878
		1 ,841 ,735	2,321,128
	Cash	85,924	6,741
		1,927,659	2,327,869

3	Investments - continued
			2022	2021
(d)	Investment income
	Listed Investments
	Listed securities		61 ,432	60,376
	Cash deposits		415
			61,847	60,376
(e)	Net gain I (loss) on investments
	Realised (loss)/gain on disposals		(55,308)	19,339
	Unrealised (loss)/gain for year		(329,866)	223,714
			(385, 174)	243,053
	All of the gain in 2022 and 2021 is	attributable to the	Expendable Endowment	fund
4	Investment managementfees
	Fees charged by Quilter		14,564	15,596
5	Reconciliation of net movement	in funds to net
	cash flowfrom operating activities
	Net incoming / (outgoing) resources for the period		(398,556)	210,288
	(Deduct ) / add net gain / loss on investment assets		385,174	(243,053)
	Deduct investment income shown activities	in investing	(61 ,847)	(60,376)
	Deduct otherinterest income		(44)	(25)
	(Increase) / decrease in debtors		521	1 ,391
	(Decrease) / increase in accrued charges		(138)	416
			(74,890)	(91 ,359)
6	Analysis of cash and cash equivalents
	Cash in hand		50,177	48,140
	Cash awaiting investment		85,924	6,741
	Total cash and cash equivalents		136,101	54,881

	2022	2021
Grants
Carr Junior School		2,615
Oxford Meet	1 ,500	3,000
Rookhow	6,675	3,325
Retreat Short Term Therapy Scheme	11,580	19,080
Phoenix Counselling Services		775
Sea Change Trust	3,980	5,000
Newcastle EastAcademy Trust		4,577
Susan's Farm		2,148
Bootham School	2,550	6,380
NESST		1 ,575
Mental Health Forum	3,890	3,373
Individual Therapy Grants	10,793	13,021
	40,968	64,869
MHDO Fees	17,700	18,000
Total Direct Costs	58,668	82,869
Support Costs
Marketing	983	270
Website & IT Costs	608	768
Legal Fees	1 ,240	282
Bank Charges	19	24
Insurance	281	353
Meeting room hire	710	84
Sundry Expenses	119	266
Governance - Audit Fee	1 ,860	1 ,800
Governance — Non-Audit Accountancy Fees	720	360
Governance - Trustee Expenses	343	171
Total SupportCosts	6,883	4,378
Total Charitable Activities Costs	65,551	87,247

		2022	2021
	Brokers income account	8,255	8,776
	Prepayments
		8,255	8,776
9	Creditors
	Amounts falling due within one year:
	Accruals	5,716	5,854