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
De￿rnber 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 t￿en 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 2C￿6.
The 8$8ets atyj liabilities ofthe former ¢h8rity We￿ transferred to The Retreatyork Benevolent Fund
with effect from 1 August 2006. Sine8 that date the orfginal Scheme of the Charity Commlsslon has
been amended by a Scheme dated 23 Augusl 2016, amended by a Schème dated 21 August 2018,
as amended by Rasoluiion dated 13 September 2018, as aménded by Resolution dated 8 January
2020 as amended on 13 July 2020. The charityalso formally changed tts name to the Quaker M8ntal
Heallh Fund (UK) in 2021.
ObJ•c1lv￿ and actlvltlos fortho publlc benèfft
The object of the chaiity 18. for the public benefrt, the advancement of the mental health and wel
being of kxnefici8ries and in particular. but WIth￿rt lirnttallon. follo￿ng Ord￿ of tffiority:
1) to reliwe sickness and promots and protect mental health by prOv￿lIng grants to bonoficiaries
who ￿nn01 afford thè fees to bp abl6 to access care at ellher The Retreat York or othèr
psychiatrtc hospitals in the UK;
2) to reliev8 sickness arKI promote and protect health, both menial and phYS￿￿Tr. ot the
benèficiaries by as8iStlng in the provi$ton ol has￿1 treatments or home nursin9 ft)r rr￿tal
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
off￿er 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 A￿OUnts 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 REF￿RT- 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 T￿￿tee$ 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 financ￿1 statsments
in accordancè wilh applicable law and Unit8d Kingdorn ACCOUn￿n9 Standards (Unitsd Kingdom
Generally Accepted Acc￿nting Practice).
The law appluble to charities in England & Wal8s requires the trust688 to prepare fina￿laT
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 a￿oUnt[n9 policies and then aP￿Y 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 respon￿ble 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
irregularl￿e9.
Th6 annual report was approved by lh8 trusts8s on
2024 and Is slgned on tholr behalf ty..
ANson Hay
c￿rk
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 c￿￿pIlse the Statern￿t of Financial Activilies. Balan
Sheet. the Cash Flow Statement and notes to the financial statements, induding a summary of
significant accounting polic￿8. 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 applI￿￿on 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
8th1￿1 responslbiltlies in accordance wlth these reqU1￿mentS. We believe that the audit evtdence
we have Obta￿ed is suffiC￿nI and appropriate to provide a basls for our oplnlon.
Conclu$lon8 rnlatlng to golng COn￿rn
In ouditiny the finw¢i81 staiemants, we have o)ncluded tt￿t 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 InftX￿1￿)n. The ¢Aher informatlon comwises tho
infomiatlon ind￿￿ed 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 oU￿rwise expli¢itty stated In our reporL w6 do not express any fomi of
assurance C￿ClUSIon 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 Inf0m￿tiOn, 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
(A￿￿nts 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 finar￿jaI 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
decisic￿S 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
4￿42
Incorne from investments
62.576
62.576
61.847
Bank intsrest
332
332
Total In￿me
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 pir￿me/(eXper￿llfUre) 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
In￿5*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 ststèff￿nts 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 fUnCt￿nal cU￿encY of th8 charity.
The Si￿lf1¢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 instrUm￿t and are Init￿llY 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 hE￿lIng 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
further0r￿9 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 b￿k and cash In hand ind￿18$ cash and slKyI temi higNy liquld Investrnents wilh a shtyt maturity of
month8 or16ss Irthm thè dats ofaCqu￿NJn 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 WI￿1￿ within the trustees, control: or
a present o￿lgati￿ following a grant offer where $8tUement is either rK)t considered pTobablB; or
the amount has not been ¢(￿munica￿d 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
In￿me from investm￿ts
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
Acqulsit￿S 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(k*s8) 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 Endow￿1 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 St￿Wn 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
mee￿ng 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
A￿￿Unts 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 r8munern￿0n 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 EndtrlM￿n1 Funds
Total
Analysls of net assets be￿en
fvnds- Current year
Fixed asset investments
29.502
92,424
(5,888)
2.076,909
2,106,411
92,424
Current assets
Current Ilabllit￿s
{5.888)
116,038
2,076,909
2,192,947
Analysis of net assets beiwéen
funds - prior ￿ar
Fix8d asset investM￿ts
21.341
1.￿.318
1.927.659
Current assets
58,432
58.432
Current Ilabl￿ties
(5,7161
(5,716)
74.057
1.906.318
1.980,375
19