QUAKER MENTAL HEALTH FUND (UK) (FORMERLY THE RETREAT YORK BENEVOLENT FUND) REPORT AMD FINANCIAL STATEMENTS YEAR ENDED 31 DECEIABER 2023 Charlty No. 1115135
QUAKER MENTAL HEALTH FUMD (UK) YeAR ENDED 31 DECEM8ER 2023 CONTENTS PAGE Annual Report 24 Auditorfs Repjrt 7Sd ststement of Financval ArtivitiBs 10 Balance Sheet 11 statwnerrt of Cash Rows 12 Notss to the Accounts 13-19
QUAKER MENTAL HEALTH FUND (UK) YEAR ENDED 31 DECEMBER 2023 TRUSTEES, ANNUAL REPORT The trusiees present their annual report and audlted financi81 stalèments for the yèar end8d 31 Dernber 2023. The financial st8twn6nts comply with r)Jrrent statutory requirements, the charty's trust deed and the Statement of Recommended Practice - Accounting and Reporting by Charities SORP IFRS1021 and have ten prepared in accordance wlth the accounting poll¢l88 set tyjl n note 110 the accounts. Trust The tnjstees In the ppriod and up to the dats of signing this report w8re:_ Marbn Edis {Appolnted 20201 Kathryn Parker (Appointed 2020 Alison Hay (Appointed 2021) Chloe West (Appointe(12022) Alexander Rhys (Appointed 2023) Susan Clodd (Appointsd 2023) Penny Finch (Appointed 2023) Immodlots Past Trusto•8 Richard Stocktsd (R8slgned 2023) p[pa1 offleo Wallingford Meetlng House 13 ca$9 St. Wallingford OX10 8DL Advlsarn Investment Managers Qullter ChovÈot 1 Kingsway Holbom London WC2B 6AN AL¥Jltor8 Myrus Smlth Norman House 8 Bumell Road Sutton Surrèy SM14BW
QUAKER MENTAL HEALTH FUND {UK) YEAR ENDED 31 DECEMBER 2023 TRUSTEES. ANNUAL R&VORT- contknuad Trust deod The fund was established in 1919 and first regrdtered asa charity called The Retrea( York {operatlng as The Relreat Benew)lent Fund) on 6 November 1963. Fdlowing the sealing of a Scheme dated 16 February 2006 by the Charfty Commission. a new chaiity. The Retreat York Benevolent Fund vrds register•J on 6 July 2006 and tho Deed was written so as to have the sam6 objecltves and powers of the fom¢r charity 1¢h was wourKI up and removed from the gISter of charit$ on 7 Novembor 2C6. The 8$8ets atyj liabilities ofthe former ¢h8rity We transferred to The Retreatyork Benevolent Fund with effect from 1 August 2006. Sine8 that date the orfginal Scheme of the Charity Commlsslon has been amended by a Scheme dated 23 Augusl 2016, amended by a Schème dated 21 August 2018, as amended by Rasoluiion dated 13 September 2018, as aménded by Resolution dated 8 January 2020 as amended on 13 July 2020. The charityalso formally changed tts name to the Quaker M8ntal Heallh Fund (UK) in 2021. ObJ•c1lv and actlvltlos fortho publlc benèfft The object of the chaiity 18. for the public benefrt, the advancement of the mental health and wel being of kxnefici8ries and in particular. but WIthrt lirnttallon. follong Ord of tffiority: 1) to reliwe sickness and promots and protect mental health by prOvlIng grants to bonoficiaries who nn01 afford thè fees to bp abl6 to access care at ellher The Retreat York or othèr psychiatrtc hospitals in the UK; 2) to reliev8 sickness arKI promote and protect health, both menial and phYSTr. ot the benèficiaries by as8iStlng in the provi$ton ol has1 treatments or home nursin9 ft)r rrtal or physical illness, induding from acciden 3) to FKomote and protect mental health by fijnding projects and Inltialives whtch have a direct and demonstrable impact on beneficlarles., and 4) to Ffomte and protect menial health by funding proi8Cts and InlllatSves that are led by Quakers and involve activities which are congruent wilh Quaker values andlor testimonie& The tfustees conftmi that they have referred to the guidance contalned In the Charity Ccffjrrtssior¢8' general guidanc8 on public nefIt when reviewing the Fund's aims and objectives and in planning future activbties arKI setting th8 grant maklng pollcy for the yaar. Organlsatlonal structurn Th8 Tmstees meet every tsvo months and conduct the malorlty of their meeling on Ilne and aim to meet face to face Iwi(x a yèar. All business is now CL)nducted by thè Truste&s. The De¥elopmerrt offer resigned in 2022 and afler careful conslderation. the Trustees madè the d8clsk)n to no longer recmlt a paid member of staff. All trustees give of their time freely and no remuneTatton was paid In th& year. Inductlon and tralnlng All Trusts8s recelved Inducllon urM)n appointment to their r8sp8CtiV8 roles. Truste85 receive a copy of a range of douJm8nts including the nUaL Report and AOUnts arrtl the goveming document.
QUAKER MENTAL HEALTH FUND (UK) YEAR ENDED 31 DECEMBER 2023 TRUSTEES, ANNUAL REPORT- contlnuod Training Is provided on a v8ri8ty of topi relevant to th8 work conducted by Quaker Mental Heatth Fund (UKI. Our work Wè conducted a development day at Friends House in Awil 2023. Thls day was focuslng on the following headlngs: Promotion (how we rak88 awaroness about the fund), Appllcation Process (Pthv accesslble and clear is it to appty for our funds). Assessment (how transparent and clear Is our criteria) and Evaluatlon (to develop new ways of recelving feedback about our 8wvic8 and to shape ryjr seNice based on the fe8dbackl. From this Development Day, we had a number of action pEan$ which we have put in place to improve our seNice. We fe81 thal the year has been a good yèar wSth an increase in indNidual applications and a number of new projects have funded. To help with the promollon and application proces$ w8 have devéloped a new webslte and flle storage facility. We have attracted Ihreo n8w Trusteos who are an excellent addition to our already diverse Trustse team,. We recognisa the Importancè of having TrtJ8tees from dlfferent backgrounds and sknlls to hdp develop th8 Charftsble aiff. Inve8tsn•nt powèrs and polky charlty looked to fflaxlrrdse the retum h terms of both incom8 arKI capltal. Th8 trustèes have unrestricted powers of Inve8lmenL As pemiitted by the eharlty's ¢on8titutton, the trustees have gwen the Investmant mpffjagars dlscretion to manage the Portfollo wlthin an agreed risk profil9. Acdvity and flnanclal roviow Gross tnGm tr lh8 year was £72.479 (2022: £66.733). After net expendlture of £14,278 (20212: £14.$64) for costs of raising funds and charitable actlvltles of £30,498 (2022: £65.5511 net Incomng re8oull for thè y88r amounted to £27,703 {2022: outgoin9 £13,382). When Investment galns of £184.869 (2022: losses of £385.174) are tsk8n into account. the fund Increased in value by £212.572 (2022: decr& by £398.556) leaviNJ fuThls as at 31 December 2023 of £2.192.947 (20f2: £1,980,375). i*ants lotalling £25,465 made to 23 kndlvi(als and 3 Projerts including The Retreat Short Tenn Thwapy stheme. Our insurers were changed and our poli¢Ees were added to and revlewèd. R•8eN•8 poIIcy The pendable endowment fund Is maintained al a levd to g8nerale sufficient Ino)me to enable the charity to continu& to make grants at the lev8ls of expenditure anticipatsd. The Fund aims to Spend income generated in the year in full.
QUAKER MENTAL HEALTH FUND (UK) YEAR ENDED 31 DECEMBER 2023 TRUSTEES, ANNUAL REFRT- conllnued Th8re are £116.038 (2022.. £74,057) offree reserves at the yearend, due to the level ofgrants made during the year. It is the pollcy of the trustee8 nol to hokl free reserves. Plans for future p•rlods We will continuè to develop our work on being an effective and 8ffici8nt ant givlng charlty. We will contlnue to look at new ways to promote ow grants for both indivkluals and projects. We al plan to develop our ovaluallon methods so that we ¢an receive fegdbad( to shape our fvture processe6. Rlsk marMgement The Ttee$ are responslble tr reviewing major strategic. financial and operatlonal risks to which thg charity 1$ exposed. The prTrncipal risks fac8d by Ihe charty lie in the perfomiance of investments and opèrational r*ks from Ineffeclive grant making and the ¢apa(xty of the charity to makè effective grants. The Tnjstees consid8r variabllty of investment retums on the expendable endowmont to constitut8 tho charity's majorfinancial risk. This is mityted by retsining expert investment advlsors and having a dlversified investment portfolio. The trustees manage the expèndabl8 endowment on a total retum basls and conslder that the use of a total return approach helps stabilisg the resourc8s avallable for grant makin9. Ihereby facilitaling achtevemont of the charitable oblectlves. The risk of effedve management of grants 18 mitigated by the involvement of trustees tn the setting of the grant making policy with control boing furuw inwsed by all grants of a significant size requiring the consent of all trustees. Trustoe8' re8poMlbllftle8 8tatsment The trustees are responsible lor prepar the Trustses. Annual Report and the financ1 statsments in accordancè wilh applicable law and Unit8d Kingdorn ACCOUnn9 Standards (Unitsd Kingdom Generally Accepted Accnting Practice). The law appluble to charities in England & Wal8s requires the trust688 to prepare finalaT statements for each ftnancial year whlch glve a true and fair vi8w of the state of affairs of th8 charity and of the incomlng resour$ and application of resources ofthe charity forthat period. In preparlng these financi818tstements. the trustsps arB requlred to:
QIIAKER MENTAL HEALTH FUND (UK) YEAR ENDED 31 DECEMBER 2023 TRUSTEES, ANNUAL REPORT- contlnuod select sultable aoUnt[n9 policies and then aPY them conslstently. observe the methods and principles in the Charlties SORP 2019 {FRS102): O make judgements and estimates that are reasonaL4e and prutlenl; state whether applicable accounting slandard8 hav8 been followed. subprt to any mat*lal departures disclosed and explained in the financial statements: prepare tho financial statements on the gokng conc8m basls unless It is inappropTFate to W8sume that the charity will rAJntinue h operation. The trustees are responble for keeping occounting records that disdose wSth reasonable accuracy at any time the financial posltSon of the charity and enable them to ensure that the financial stateffvanls comply with the Charities Act 2011, the Charity {Accounis and Rept)rts) Regulations 2008 and the provisi¢)ns of the trust deed. They ar8 also responsible for safeguarding the assets of the charity and hence for tsking roa$¢)nable step$ the prevention and detsGtion of fraud and other irregularle9. Th6 annual report was approved by lh8 trusts8s on 2024 and Is slgned on tholr behalf ty.. ANson Hay crk Quaker Mental Health Fund (UK) Wallingford Meeting House 13 Caslle St, Wallingford OX10 8DL
QUAKER MENTAL HEALTH FUND {UK) YEAR ENDED 31 DECEMBER 2023 INDEPENDENT AUDrroirs REPORTTO THE TRUSTEES OF THE QUAKER MENTAL HEALTH FUND (UK) Oplnlon We have audited ihe financial statements of The Quaker Mental Heath Fund {UK) (th8'charW} for the year ended 31 Dec8rnb8r 2023 vthtth cpIlse the Staternt of Financial Activilies. Balan Sheet. the Cash Flow Statement and notes to the financial statements, induding a summary of significant accounting polic8. The financial reporting framework that has been applièd In thehr preparation is appllcabie law and Unlted Kingdom A¢countkng Standards. (United Kingdom Gènerally A¢c8Pt8d Accounting Practlce) inchxlin9 FRS102 Tho Financlal R8pJrtlng Standard applicabl8 In the UK and R8public of Ireland. In tyjropinion. th8 ffinanclal statements: give a true and fair vlew of the State of the charity's affairs as at 31 December 2023 and of Its incoming resources and applIon of resources for the year then ended., have been properly prepared in accordance with UnSted Kingdom G8n8rallyAwepted Accounting Practice: and have been prepared in accordarte with the requffemenls of Charities Act 2011. Basls for oplnlon We conducted our audit in acwrdanca wlth Internatk>nal Standards on Auditwig (UK) (ISAS (UK)) and applicabk law. OurrespDnsibilities undèr those standards are further described in the Au¢Jltorfs responsibilities for the aud?t of the financial statements sectlon of our report. W8 are independent of the charity in &cordanc8 wtth the ethiral wuirements that are rel8vant to our audlt of th8 financial statements in the UK, including the FRC'S Ethical Standard and w8 have fulfilled ouroth&r 8th11 responslbiltlies in accordance wlth these reqU1mentS. We believe that the audit evtdence we have Obtaed is suffiCnI and appropriate to provide a basls for our oplnlon. Conclu$lon8 rnlatlng to golng COnrn In ouditiny the finw¢i81 staiemants, we have o)ncluded ttt the trustees. use ol the golng concem basis of accounting in the preparation of It financial statements is appropriats. Based on th8 work we have perfomed. we have not identified any matèrial un¢ert8lntiès relating to events orcondltlons that, individually orcollectively. may cast stgnificant doubt on the charitfs ability io contlnue as a going concern for a period of at léast twelve month8 from when the financial ststemenls are aulhorised for issue. Our respon81bilities and the responsibilities of tho twstees with respect to going concem are described in thg rolevant seclions of thts reporL Olher Inft•rmatlon The trust88s are responsibl8 for the other InftX1)n. The ¢Aher informatlon comwises tho infomiatlon inded in the trustees. annual rerM)rt. other than the financral statempnts and our auditor's rewt thereon. Ouropinion on the financial stat8m8nts does not ¢ov8rthe otherinformation and, except lo the extent oUrwise expli¢itty stated In our reporL w6 do not express any fomi of assurance CClUSIon ther80n.
QUAKER MENTAL HEALTH FUND {UK) YEAR ENDED 31 DECEMBER 2023 INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF THE QUAKER MENTAL HEALTH FUND (UKI- contlnuod In connection with our audit of the financial statements. our responsibility is to read the other Infomiatlon and, In doing so, consider whether the other infom)ation is materially wiconsislent wiu) the financtal statements or our knowledge obtained in the audit CY otherwise appears to be materFal misstated. If we identify such materi81 inconsistencies or apparent matsrial misstatements. we are r8quired to determine whether there is a material misststemenl in the finand81 ststements OT a materlal misstatement of the oth8r infomallon. If. based on the WO we have p8rFom8d. we conclude that there is a material misstatement of this other Inf0mtiOn, we are required lo report that fact. We have nothing to report In this regard. Ilotters on whlch we are roqulred to r#port ty exceptlon We Iwve nthing lo report in resped of the following mallers In relation to wh4ch the Ch8rltss (Ants and R8POrts) RegutatiMs 2008 requires us to rnport to you rf, in our oplnion.. the infOnnatM given in the fjnanclal slatsments is #Konslstenl in any matsrial respert wlth the trustees. reporL' or sufficienl acwuntin9 CordS have not been kep[. or the finan¢ial statements are not in agreement with lh8 aco)unting records: or we have not received all the Information and explanations we requlre for our audiL Respon8lbllttle8 of trusto0• As explained moro fully in the Tnjsteos. Responsibilitiés Statement set out on page 7, the trustees are responslble for the pr8paralion of Ilnancial statoments whi¢h give a true and fair view and such intemal control as the trustees detemine Is necessary to enable thè preparatlon of flrAnclal statarnents that arè freè from material misstatsm8n( whether dua to fraud or error. In preparing the finanaal statements. th8 trustees are responsible for assesslng the charity's abillty to contlnue as a going concern. disclosing. as applicable, matters related to going ¢onc8m and using the golng concèm basis of acwunting unless the tNst865 eithèr intend to liquidats the tharity or to cease op&rations. or have no reallstlc altemative but to do so. Audltorfs rnsponslblllllgs lor tho audR of th¢ Ilnanclal Statomonts We have been appointed as audltor Lmder section 145 of the Charliles Ac* 2011 and report in a¢¢ordance wlth regulations made under 8ectwi 154 of that Act. Our rwtives are to obtsin r8asonabl8 assuranc whother the finarjaI stst8ments as whole are free from material misstatemont, whether du& to fraud or error, and to ISSU8 an auditofs report that Indudes our opinion. Reasonable assurance 1$ a hlgh lèval of assurance, bul is not a guarantee that an audlt conducted in accordance with ISAS (UK) will always dètect a maleri81 misstslement when tt exksts, Missiateménts can arlsefrom fraud oretrorand are considered material rf. Indlvldually or in tho aggregate, they could reasonably b8 expected to influen¢e the economic decisicS of users taken on the basls of these financial statements. Irr8gularlties, includiro fraud, are instanoesof non-compllance wlth law8 and fegulailorts. We design prooedures In line with our resporisibilities, outlhi8d above. to detect matsrlal misstatements in
QUAKER MENTAL HEALTH FUND (UK) YEAR ENDED 31 DECEMBER 2023 INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF THE QUAKER MENTAL HEALTH FUND {UK)- continued respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularrties, including fraud is detailed below.. Enquiry of management and those charged with g0Veman about aclual and potential litigation or claims and the identification of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged with governance. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Auditing the risk of management override of controls, including testing journal entries and other adjustments for appropriateness. Perfomiing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatemenl due to fraud. Professional scepticism in course of the audit and with audit sampling in material audit areas. Because of Ihe inherent limitations of an audit, there is a risk that we will not detect all irregularities, inc5uding 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. A further description of our responsibilities for the audit of financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description foms part of our auditorfs report Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we rnight state to the tharity's Irustees those matters we are required to state to them in an auditovs report and for no other purpose. To the fullest extent permitted by law, we do no accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Kevin Fisher BA FCA CTA {Senior Statutory Auditor) For and on behalf of.. Myrus Smith Norman House 8 Bum811 Road Sutton Surrey SM14BW Date: 21 August 2024 Myrus Smith is eligible to act as an auditor in temis of Section 1212 of the Companies Act 2006
QUAKER MENTAL HEALTH FUND IUK) YEAR ENDED 31 DECEMBER 2023 STATEMENT OF FINANCIAL ACTIVrnE8 Unrostrlctad Expfrndable Income Endowment Fund Fund 2023 Total 2022 INCOME FROM Notè Donallons 9.571 9.571 442 Incorne from investments 62.576 62.576 61.847 Bank intsrest 332 332 Total Inme 72,479 72,479 66.733 EXPENDrruRE ON Raising furKls - investmènl management fees 14,278 14.278 14,564 Charitable activities 30.498 30,498 65.551 Tolal Exp8ndliurè 30.498 14,278 44.718 80,115 Net pirme/(eXperllfUre) before gains and bsses on investmnts Net {lossygaKI on investrnents 41.981 (14,278) 27.703 113.382) 184,869 184.889 {385,174) Net Incom& l (expendlture) for tho 41.981 170,591 212,572 (398,556) RECONCIUATION OF FUNDS Total fvnds bThght foAvard 74,057 1.906,318 1.980.375 2,378,931 Tolal furKJs carried fonvard 116,038 2.076,909 2.192.947 1.980.375 All amunts derlve from continuing actlvltles. All gains and losses recognised in the year are included In the Statement of Flnan¢lal Acttvkies io
QUAKER MENTAL HEALTH FUND (UKI YEAR ENDED 310ECEM8ER 2023 BALANCE SHEET Flxed assets In5*M¢ts 2,106,411 1,927,659 Totsl fix¢d a89•ts 2.1(M.411 1.927.659 Current assets Debtor• 8255 Cash at bAnk •nd ¢xi sh¢ twm (W¥lt 92A24 50,177 92,424 58.432 Llabllitbs CrndltwB". amouts falllng dug wlthln one year {5,8881 15,7181 86.536 S2.716 Totsl a•¥•ts 2.192.947 1,980,375 The fund$ofthe tharfty 116,038 74,057 2,076,909 1.906,318 Total ¢harlty funds 2.192.947 1,980,375 The financial statsments on pages 10 to 19 were approved by the trustees on O ed thelr tjehalf by.. Alknon Hay Trust••
QUAKER MENTAL HEALTH FUND (UK) YEAR ENDED 31 DECEMBER 2023 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash u••d In operatlng a¢Jvltlo8 (26,778) (74,890> Cash flows from Invesllng actmtles Investment income received 61,891 Purchase of Investm8nts (389,866) (152,613) 349,840 246.832 Sale proceeds of investments Cmh provldod by Inve•tlng actlvlde# 23,082 156,110 Change in cash and Gash 8qulvalents in the year Cash and caBh equlvalents 8t the beginning of year (3,696) 136.101 81.220 54.881 Cash and ¢agh oqulvalents at the erKI of the year 132,405 136,101 12
QUAKER MENTAL HEALTH FUND {UK) YEAR ENDED 31 DECEMBER 2023 NOTE8 TO THE ACCOUNTS 1 Accountlng poll¢le8 (a) Bash of preparatlon and a88essment of golng eon¢•rn The charity constitutes a publlc benefft entity as d8fin8d by FRS 102. Th8 financlal ststèffnts hav8 been prepared in accordance wlth Accountlng and Reporting by Charities: Statement of Recommended Practice appllcable to ¢harbties preparing th81r accounts in accordance with the Financial Reportlng Standard applicabl8 in the UK and R8pubSic of Ireland issued in October 2019. the Financial Reporting Standard applicable in the Unlted Klngdom and Republlc of IreiarKI (FRS 102). th& Charities Act 2011 and UK Generally Accepted Accounting PracUc& The financial statements are prepared on a goirKJ concem basis underthe hlstorfcal cost o)nventk)n. The financi81 statèments are presented in st8dSng Nvhich is ihe fUnCtnal cUencY of th8 charity. The Silf1¢ant accounting pollcA8S applled In the preparation of these financial stat8merts are set wt b8k)w. These polici9$ have been consistentty applied to all years presented unloss othenvlse stated. Ib> Incomlng Rgcowluon Inoorne 15 recognL8ed vthen the charfty is entitled to the income. rec81pt Is o)nsldewl probable and the amounts can be measurèd relkqbly. Donalions are recognised wh8n tho th8rity has b88n nollfied of the amounts and th8 séttl8ment date in writino. or. If earlier, when the donation is recelved. le) Inveslment Income and Taxallon IncL)me from quoted and other securities is accnunted for in the year It18 receivable aThl WI it can bg measured reliably by the fund. Income from deposlls Is accrued in to the ye¥ for which it is due. Invesknent income irKaudes all tax recoverable slnce the furKI 18 not IKqble to tax on incom& that is Used for charitable purposes. (d) Llstsd Investments Investments are a form of ba4¢ financial instrUmt and are InitllY recognlsed at thelrtransactlon v81 and subsequenlly me88ured at theirfair vabJ8 at the balance sheet dale ustng the dosing quoted Market price. The staternent of finanaal acti4itles ]ncludes the net gains and losses arising on revalualon arKI disposals throughoul the year. (•) Resources expended LÉablliUes are recognised as expendlture as soon as there ts a legal or constnJ¢UveobUgatK)n c(*mmitting the charity to that expenditure, It is probable that settlement will be requked and the amount of thé obl(qation can be rneasured reliably. Expenditurè Is acctmmted for on an accruals basls as a liabity is incurred has b88n classifi8d under headings that aggregatè all costs related to the category. Irrecoverable VAT Is rtharged against the expenditure hElIng for whlch It Is Incurffjd. 13
QUAKER MENTAL HEALTH FUND (UK) YEAR ENDED 31 DECEMBER 2023 NOTES TO THE ACCOUNTS- conllnued 1 Ac¢ountlng pollcles (Contlnued> (n Grants payable Grants payable are payments made to Ihird parties In the furthorance ofthe charltys charitable eCtiveS. Grants giv8n In the form of provlding f88s for patients are included In the Statement of Financlal Activitiès when the fee Is p8yabl8. (g) Expendabl• ond¢)wment fund The expendablè endowment fund comprlses the n8tassetstransf8Thed from thefomercharlty (The Retreat Benevolenl Fund). At the trustses. dlscretion the expendable endowment fund may be used to provide grants to palients of The Retreat York who are either Frlends or are closely connected lo Frlends. They may also provide grants to Frierthjs or those closely connected to Frfends in respect of care provided by other providers. Income arising on the endowment fund c8n be used in accordance with the objects of the charity and is clUded as unrèstricted IncL)me. Any capital gain8 or losses arlsing on th8 investments lo part of the fund. Unr8sirlcted income funds comprise those funds whlch the tru8t88s are free io use for any purpose in further0r9 of the ch8rlt8bl8 otyectives. (h) oobtors Trad8 and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepayments a valu8d at the amount prepaid net of any trade discounts due. (l} Cash at bank and In hand Cash at bk and cash In hand ind18$ cash and slKyI temi higNy liquld Investrnents wilh a shtyt maturity of month8 or16ss Irthm thè dats ofaCquNJn or openlng of the deposK or slmHar xcount. U) l>ebtors and ¢redltor• The trust only has fmancial a8sets and financial liabilitie5 of a kind that qualify as baslc financlal instruments. Basic financlal instruments are Inltially recognis8d at Iransaclion value arKI subsEyuendy measured at their setilement V81ue wlth the oxrAption of bank loans. (k) Credltors and provlslons Creditors and provtsions are recognlsed there the charity ha8 a pr8sent obligation rosulting from a past ev8nt that will probably result in the transfer of funds to a third paty and the amount due to settle the obligatlon can be measured or èsllmated rgliably. Cr8ditors and provlslons are nomally recognised al ir settlemenl amount after allowing for any trade dis¢4wnts due. (l) Contlngent Ilabllltles A Gonlingent liability is identified and dls¢lo8ed for those grants resulting from: a possible obligation which WIN only be confirmed by Ihe oc¢urrence of one or more urtsrtain fulur8 events not WI1 within the trustees, control: or a present olgati following a grant offer where $8tUement is either rK)t considered pTobablB; or the amount has not been ¢(municad In thegrantofferand that amount cannot bee81imated reliably 14
QUAKER MENTAL HEALTH FUNO (UK) YEAR ENDED 31 DECEMBER 2023 2 SOFA Prlor Yoar Compmtlv•s STATEMENT OF FINANCIAL A¢TNinES Unrostrlcted Expendabla lft¢on Endowment Fund Fund 2022 Total 2021 Total INCOME FROM Donatlor 4,842 4,842 9.671 Inme from investmts 61,847 61.847 60.376 Bank tnterest Total incomè 66.733 66,733 70.078 EXPENDITURE ON Raising funds- investment manag8m&nt fees 14.564 14,564 15.596 Charftable actlvStles 65.551 65,551 87.247 Totsl Expendilure 65,551 14,564 80,115 102.843 Nat Incom81(expenditure) before gains and losses on investments Net gains on investrn6nts 1.182 {14.5641 (13,382) {32,765) (385,174) {385.174) 243.053 Nd income l (exp8ndiknr8) for tho yèar RECONCILL4TION OF FUNDS 1,182 (399.738) (398,556) 210.288 Total funds brought forward 72.875 2,306,056 2.378.931 2,168,643 Total funds carried forward 74.057 1,906.318 1,980,375 2.378.931 15
QUAKER MENTAL HEALTH FUND {UK) YEAR ENDED 31 DECEMBER 2023 Investments 2023 2022 (a Movement In at mark•t valuo Ustad Inve8tm•rts Market value at 1 January 2023 AcqulsitS at cost Disposals at book value Net gain l (lossl on revaluation 1.841.735 2,321,128 152,613 389,666 (356.469) 191,498 (302,140) {329.866) Market value at 31 December 2023 2,1Th6.430 1.841,735 Inve8tm8nt cash 39.981 85.924 2.106.411 1.927.659 Hlgtorlcal co8t of Ilsted Investm•nt8 1.782,968 1.756.391 {b) Reeonelllatlon and movemert In ufir•all88d galns Unrealised gains at 1 January 2023 85.344 452,549 Addl{Less) in respect of dlsp(Isa15 in the yoar 6.620 (37.339) Add nèt gains l (loss) arising on revaluatlons In the 191,498 (329,886) Unrealised gains at 31 December 2023 283,462 85.344 (c) Market value anatysls Flxed Int8r8St 344.074 237.501 438,426 UK Equities Global Equities Propety 482,547 957.128 842.069 130,336 150.936 152.345 156.318 16,485 Pfiv* Equity 2,066,430 1.841.735 Cash 39.981 85,924 2.106,411 1,927.659 16
QUAKER MENTAL HEALTH FUND (UK) YEAR ENDED 31 DECEMBER 2023 Inv¢sknonts . contknuod 2023 2022 {d) Inveslment Income Ustad Inv8Stmonts Llsted securili8S Cash dewsits 61.090 61,432 415 62.576 61,847 (e) Nèt galn 10089) on Inve6tm•nts Realised (loss) on dlsposals Unreallsed galnl(ks8) lor year (6,629) 191,498 (55,308) (329,866) 184.869 {385.174) All 01 th8 galn in 2023 and 2022 is attfibutable to the Expendable Endow1 fund Invostmonl mmagomont fee8 Fees charged by Quilter 14,279 14.564 Rewn¢lllatlon of net movement In fund8 to n eAsh flow from op¢ratlng actlvltles Net incoming l (outg(xngl resourcès lor the perlod (Dedud ) l add net 98in I loss Investment assets Deduc investmenl income StWn In investing activities D8dud other Int8rost Incorne 212.572 (398,556) 385.174 (184,869) (62.576) (61,847) (332) 8.255 (44) 521 {Increase) I deuease in debtors (Dewse) I Increasè in accrued ¢hafg88 172 {138) (28.778) (74,890) Anatysl$ of cash and cash equlvalents Cash in hand Cash awailwig Investment 92,424 39,981 50.177 85,924 Totsl cash and ¢a8h equivalents 132.405 136.101 17
QUAKER MENTAL HEALTH FUND (UK) YEAR ENDED 31 DECEMBER 2023 7 Charltable Actlvltles Grants Holyrood House Centre Oxford Mèet Rookhow Retreat Short Temi Therapy Scheme Quaker Voices Sea Change Tiust Bootham School Mental Health Forum Indivldual Therapy Grants 5,000 1.500 6.675 11,580 1.560 1,750 3.980 2.550 3,890 10.793 17,155 25.465 40.968 17.700 MHDO F88S Total Direct Costs 25,485 58.668 Support Costs Marketlng Wgbsite & IT Costs Legel Fees Bank Charges Insurance meeng room hir8 Sundry Exp&nses Governanc8- Audlt Fee Govemanc8- Non-Audlt Accountancy Fees Governance- Trust88 Expenses 524 732 983 608 1,240 19 281 710 119 1.860 720 343 17 246 419 172 720 Totsl Support Costs 5,033 6.883 Totsl Charltable Adlvlties Costs 30.498 65,551 All of the £30.498 wenditure rewgnlsed In thg year (2022: £65.551 > was charged to unrestrlcted funds. 18
QUAKER MENTAL HEALTH FUND (UK) YEAR ENDED 31 DECEMBER 2023 8 Dobto 2023 2022 Brokérs incorne account Prepaymants 8,255 8.255 Cradkors AUnts falllng due within one year. Accwals 5.888 5.716 10 TnA8tse8' exp8n888 and r•munwallon Four Twslees were feimbursed for trav81 exponses totalling £643 (2022: three Twstees £343) and no Trustee r8C8lv8d any r8munern0n durfng th8 period. 11 Conllngant Ilabllllles Granls aro recognlsed in the statement of financlal actwities when tho ch8rlty becomes aware of an obligatlon. The trustees have authorised a fvrther £41,381 for payment. which is not rellected in the accounts, as the uiteria for recognition h85 rK>t baen satisfied. 12 Anaty8ls of nèt ass•ts bgtween funds Unr88tricted Ftmds EndtrlMn1 Funds Total Analysls of net assets been fvnds- Current year Fixed asset investments 29.502 92,424 (5,888) 2.076,909 2,106,411 92,424 Current assets Current Ilabllits {5.888) 116,038 2,076,909 2,192,947 Analysis of net assets beiwéen funds - prior ar Fix8d asset investMts 21.341 1..318 1.927.659 Current assets 58,432 58.432 Current Ilablties (5,7161 (5,716) 74.057 1.906.318 1.980,375 19