QUAKER MENTAL HEALTH FUND (UK)
(FORMERLY THE RETREAT YORK BENEVOLENT FUND)
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
Charity No. 1115135

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
CONTENTS
PAGE
Annual Report
Auditor's Report
statement of Financial Activities
10
Balance Sheet
Statement of Cash Flows
12
Notes to the Accounts
13-19

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT
The trustees present their annual report and audited financial statements for the year ended 31
December 2023. The financial statements comply with current statutory requirements, the charity's
trust deed and the Statement of Recommended Practi￿ - Accounting and Reporting by Charities
SORP {FRS102) and have been prepared in accordance with the accounting policies set out in note
1 to the accounts.
Trustees
The trustees in the period and up to the date of signing this report were:_
Kathryn Parker (Appointed 2020)
Alison Hay (Appointed 2021)
Chloe West (Appointed 2022)
Alexander Rhys (Appointed 2023)
Susan Clodd (Appointed 2023)
Penny Finch (Appointed 2023)
Immediate Past Trustees
Martin Edis (Resigned 2024)
Principal office
Wallingford Meeting House
13 Castle St,
Wallingford OX10 8DL
Advisers
Investment Managers
Quilter Cheviot
1 Kingsway
Holborn
London
WC2B 6AN
Auditors
Myrus Smith
Norman House
8 Burnell Road
Sutton
Surrey SM14BW

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT- Gontinued
Trust deed
The fund was established in 1919 and first registered as a charity called The Retreat, Yor1( (operating
as The Retreat Benevolent Fund) on 6 November 1963. Following the sealing of a Scheme dated
16 February 2006 by the Charity Commission, a new charity, The Retreat York Benevolent Fund
was registered on 6 July 2006 and the Deed was written so as to have the same objectives and
powers of the former charity which was wound up and removed from the register of charities on 7
November 2006.
The assets and liabilities of the former charity were transferred to The Retreat York Benevolent Fund
with effect from 1 August 2006. Since that date the original Scheme of the Charity Commission has
been amended by a Scheme dated 23 August 2016, amended by a Scheme dated 21 August 2018,
as amended by Resolution dated 13 September 2018, as amended by Resolution dated 8 January
2020 as amended on 13 July 2020. The charity also formally changed its name to the Quaker Mental
Health Fund (UK) in 2021.
Objectives and activities for the public benefit
The object of the charity is, for the public benefit, the advan￿ment of the mental health and well-
being of beneficiaries and in particular, but without limitation, in the following order of priority.
1) to relieve sickness and promote and protect mental health by providing grants to beneficiaries
who cannot afford the fees to be able to access care at either The Retreat York or other
psychiatric hospitals in the UK.,
2) to relieve sickness and promote and protect health, both mental and physical, of the
beneficiaries by assisting in the provision of hospital treatments or home nursing for mental
or physical illness, including from accidents,.
3) to promote and protect mental health by funding projects and initiatives which have a direct
and demonstrable impact on beneficiaries. and
4) to promote and protect mental health by funding projects and initiatives that are led by
Quakers and involve activities which are congruent with Quaker values andlor testimonies.
The trustees confirm that they have referred to the guidance contained in the Charity Commissions,
general guidance on public benefit when reviewing the Fund's aims and objectives and in planning
future activities and setting the grant making policy for the year.
Organisational structure
The trustees meet every two months and conduct the majority of their meeting on line and aim to
meet face to face twice a year. As an organisation promoting positive mental health, we recognise
the importance of interaction and that the face to fa￿ meetings give us the opportunity to build
relationships between the trustees.
As a UK wide charity, we try to meet in different parts of the UK and the venue is usually a Quaker
venue. This year we had one of our face to face meetings at Claridge House in Surrey which is a
beautiful peaceful place and who looked after us extremely well. The house was built in the mid-19th
century and was acquired in 1954 by the Friends Fellowship of Healing. a Quaker body, for Friends
to come and Convalesce and gain spiritual renewal and healing.
We had a full compliment of trustees and all trustee give their time freely and no remuneration was
paid in the year.

QUAKER MENTAL HEALTH FUND {UK)
YEAR ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT- continued
Induction and training
All trustees receive induction upon appointment to their respective roles. Trustees receive a copy of
a range of documents including the Annual Report and Accounts and other governing documents.
Training is provided on a variety of topics relevant to the work conducted by the Quaker Mental
Health Fund (UK).
Our work
We have developed a robust risk register which we review on a regular basis.
To promote the work of the Quaker Mental Health Fund we attended the Yearly meeting. This raised
our profile and we also made valuable links to develop our aims.
Investment powers and policy
The charity looked to maximise the return in terms of both income and capital.
The trustees have unrestricted powers of investment. As permitted by the charity's constitution, the
trustees have given the investment managers discretion to manage the portfolio within an agreed
risk profile.
Activity and financial review
Gross income for the year was £74,244 (2023.. £72,479). After net expenditure of £15,949 (2023..
£14,278) for costs of raising funds and charitable activities of £65,138 (2023: £30,498) net outgoing
resourGes for the year amounted to £(6.843) (2023: incoming £27,703).
When investment gains of £179,101 (2023: £184,869) are taken into account, the fund increased in
value by £172,258 (2023:£212,572) leaving funds as at 31 December 2024 of £2,365,205 (2023:
£2,192,947).
Grants totalling £58,382 were made to 29 individuals and 5 Projects including The Retreat Short
Term Therapy scheme.
We have reviewed and consolidated our poli￿S so that they are relevant and proportionate to our
organisation. These are reviewed on an annual basis.
Our insurers were changed and our policies were added to and reviewed.
Reserves policy
The expendable endowment fund is maintained at a level to generate sufficient income to enable
the charity to continue to make grants at the levels of expenditure anticipated. The Fund aims to
spend income generated in the year in full.
There are £116,038 (2022.. £74,057) of free reserves at the year end, due to the level of grants made
during the year. It is the policy of the trustees not to hold free resenies.

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT- continued
Plans for future periods
We will continue to develop our work on being an effective and efficient grant giving charity. We
will continue to look at new ways to promote our grants for both individuals and projects. We also
plan to develop our evaluation methods so that we can receive feedback to shape our future
processes.
Risk management
The Trustees are responsible for reviewing major strategic, financial and operational risks to which
the charity is exposed. The principal risks faced by the charity lie in the performance of investments
and operational risks from ineffective grant making and the capacity of the charity to make effective
grants.
The Trustees consider variability of investment returns on the expendable endowment to constitute
the charity's majorfinancial risk. This is mitigated by retaining expert investment advisors and having
a diversified investment portfolio. The trustees manage the expendable endowment on a total retum
basis and consider that the use of a total retum approach helps stabilise the resources available for
grant making, thereby facilitating achievement of the charitable objectives.
The risk of effective management of grants is mitigated by the involvement of all trustees in the
setting of the grant making policy with control being further increased by all grants of a significant
size requiring the consent of all trustees.
Trustees, responsibilities statement
The trustees are responsible for preparing the Trustees, Annual Report and the financial statements
in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial
statements for each financial year which give a true and fair view of the state of affairs of the charity
and of the incoming resources and application of resources of the charity for that period. In preparing
these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP 2019 (FRS102)"
make judgements and estimates that are reasonable and prudent"
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements"
prepare the financial statements on the going concem basis unless it is inappropriate to presume
that the charity will continue in operation.

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT- continued
The trustees are responsible for keeping accounting records that disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations
2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of
the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
The annual report was approved by the trustees on 15 October 2025 and is signed on their beha
Alison Hay
Clerk
Quaker Mental Health Fund (UK)
Wallingford Meeting House
13 Castle St,
Wallingford
OX10 8DL

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
INDEPENDENT AUDITOR'S REPORT TOTHE TRUSTEES OFTHE QUAKER MENTAL HEALTH
FUND (UK)
Opinion
We have audited the financial statements of The Quaker Mental Health Fund (UK) (the 'charity') for
the year ended 31 December 2024 which comprise the Statement of Financial Activities, Balance
Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of
significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, (United Kingdom
Generally A￿pted Accounting Practice) including FRS102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland.
In our opinion, the financial statements-
give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of
its incoming resources and application of resources for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK))
and applicable law. Our responsibilities underthose standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent
of the charity in accordance with the ethical requirements that are relevant to our audit of the
financial statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe that the audit evidence
we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have Goncluded that the trustees. use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other Information
The trustees are responsible for the other information. The other information comprises the
information included in the trustees, annual report, other than the financial statements and our
auditor's report thereon. Our opinion on the financial statements does not cover the other information
and, except to the extent otherwise explicitly stated in our report, we do not express any form of
assurance conclusion thereon.

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
INDEPENDENT AUDITOR'S REPORT TOTHE TRUSTEES OFTHE QUAKER MENTAL HEALTH
FUND (UK)- continued
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other infonnation is materially inconsistent with
the financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other information. If, based on the work we have perfomied, we
conclude that there is a material misstatement of this other information, we are required to report
that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following rnatters in relation to which the Charities
(Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with
the trustees, report., or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees, Responsibilities Statement set out on page 7, the trustees
are responsible for the preparation of financial statements which give a true and fair view and for
such internal control as the trustees determine is ne￿SSary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using
the going concern basis of accounting unless the trustees either intend to liquidate the charity or to
cease operations. or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in
accordance with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs
report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered material
if, individually or in the aggregate. they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
prO￿dureS in line with our responsibilities, outlined above, to detect material misstatements in

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
INDEPENDENT AUDITOR'S REPORTTOTHETRUSTEES OFTHE 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 irregularities, including fraud is detailed below:
Enquiry of management and those charged with governan￿ about actual 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.
Performing analytical procedures to identify any unusual or unexpected relationships that
may indicate risks of material misstatement due to fraud.
Professional scepticism in course of the audit and with audit sampling in material audit
areas.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including 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 ratherthan 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
forms 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 might state to the charity's trustees those matters we are required to state to them in an auditor's
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:
Kingston Burrowes Audit Ltd
308 Ewell Road
Surbiton
Surrey
KT6 7AL
Date: 21st October 2025
Kingston Burrowes Audit Ltd is eligible to act as an auditor in terms of Section 1212 of the Companies
Act 2006

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
STATEMENT OF FINANCIAL
ACTIVITIES
Unrestricted Expendable
Income
Endowment
Fund
Fund
2024
Total
2023
Total
INCOME FROM
Note
Donations and legacies
5,984
5,984
9,571
Income from investments
3d
67,941
67,941
62,576
Bank interest
319
319
332
Total income
74,244
74,244
72,479
EXPENDITURE ON
Raising funds - investment
management fees
15,949
15,949
14,278
Charitable activities
65,138
65,138
30,498
Total Expenditure
65,138
15,949
81,087
44,776
Net incomel(expenditure) before
gains and losses on investments
Net (loss)Igain on investments
9,106
(15,949)
(6.843)
27,703
3e
179,101
179.101
184,869
Net income l (expenditure) for the
year
RECONCILIATION OF FUNDS
172,258
212,572
9,106
163,152
Total funds brought forward
116,038
2,076,909
2,192,947 1,980,375
Total funds carried foward
125,144
2,240,061
2,365,205 2,192,947
All amounts derive from continuing activities.
All gains and losses recognised in the year are included in the Statement of Financial Activities
10

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
BALANCE SHEET
Notes
2024
2023
Fixed assets
Investments
2.337,988
2,106,411
Totsl fixed assets
2,337,988
2,106,411
Current assets
Debtors
Cash at bank and on short term deposit
33,703
92,424
33,703
92,424
Liabilities
Creditors: amounts falling due within one year
Accrued charges
(6.486)
(5,888)
Net current assets
27,217
86,536
Total assets
2,365,205
2,192,947
The funds of the charity
Unrestricted income fund
125,144
116,038
Expendable endowment fund
2,240,061
2,076,909
Total charity funds
2,365,205
2,192,947
The financial statements on pages 10 to 19 were approved by the trustees on 15 October 2025 and are
signed on their behalf by..
Alison Hay
Trustee
11

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024
Note
2024
2023
Cash used in operating activities
(74,505)
(26,778)
Cash flows from Investi ng activities
Investment income received
68,260
62,908
Purchase of investments
{167,156) (389,666)
349,840
Sale proceeds of investments
158,941
Cash provided by investing activities
60,045
23,082
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
(14,460)
132,405
(3,696)
136,101
Cash and cash equivalents at the end of the year
117,945
132,405
12

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
Accounting policies
(a) Basis of preparation and assessment of going concern
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting
Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011
and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis underthe historical cost convention. The
financial statements are presented in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Incoming Recognition
Income is recognised when the charity is entitled to the income, receipt is considered probable and the
amounts can be measured reliably.
Donations are recognised when the charity has been notrfied of the amounts and the settlement date in
writing, or, if earlier, when the donation is received.
{c) Investment Income and Taxation
Income from quoted and other securities is accounted for in the year it is re￿1vable and when it can be
measured reliably by the fund. Income from deposits is accrued into the year for which it is due.
Investment income includes all tax recoverable since the fund is not liable to tax on income that is used
for charitable purposes.
(d) Listed investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value
and subsequently measured at their fair value at the balance sheet date using the closing quoted market
price. The statement of financial activities includes the net gains and losses arising on revaluation and
disposals throughout the year.
(e) Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constwctive obligation committing
the charity to that expenditure, it is probable that settlement will be required and the amount of the
obligation can be measured reliably.
Expenditure is accounted for on an accruals basis as a liability is incurred and has been classified under
headings that aggregate all costs related to the category.
Irrecoverable VAT is charged against the expenditure heading for which it is incurred.
13

QUAKER MENTAL HEALTH FUND {UK)
YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS- continued
1 Accounting policies (Continued)
{fj Grants payable
Grants payable are payments made to third parties in the furtherance of the charity's charitable objectives.
Grants given in the form of providing fees for patients are included in the Statement of Financial Activities
when the fee is payable.
(g) Expendable endowment fund
The expendable endowment fund comprises the net assets transferred from the former charity (The Retreat
Benevolent Fund). At the trustees, discretion the expendable endowment fund rray be used to provide
grants to patients of The Retreat York who are either Friends or are closely connected to Friends. They
may also provide grants to Friends or those closely connected to Friends in respect of care provided by
other providers. Income arising on the endowment fund can be used in accordance with the objects of the
charity and is included as unrestricted income. Any capital gains or losses arising on the investments form
part of the fund.
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in
furtherance of the charitable objectives.
(h) Debtors
Trade and other debtors are recognised at the settlernent amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
(i) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.
(i) Debtors and creditors
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans.
(k) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are nomially recognised at
their settlement amount after allowing for any trade discounts due.
{1> Contingent liabilities
A Gontingent liability is identified and disclosed for those grants resulting from..
a possible obligation which will only be confirmed by the occurrence of one or more uncertain future
events not wholly within the trustees, control. or
a present obligation following a grant offer where settlement is either not considered probable" or
> the amount has not been communicated in the grant offer and that amount cannot be estimated reliably
14

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
2 SOFA Prior Year Comparatives
STATEMENT OF FINANCIAL
ACTIVITIES
Unrestricted Expendable
Income
Endowment
Fund
Fund
2023
Total
2022
Total
INCOME FROM
Note
Donations
9,571
9,571
4,842
Income from investments
3d
62,576
62,576
61,847
Bank interest
332
332
Total income
72,479
72,479
66,733
EXPENDITURE ON
Raising funds - investment
management fees
14,278
14,278
14,564
Charitable activities
30,498
30,498
65,551
Total Expenditure
30,498
14,278
44,776
80,115
Net incomel(expenditure) before
gains and losses on investments
Net gains on investments
41.981
(14,278)
27,703
(13,382)
3e
184,869
184,869
(385,174)
Net income l (expenditure) for the
year
RECONCILIATION OF FUNDS
41,981
170,591
212,572
(398,556)
Total funds brought forward
74,057
1,906,318
1,980,375
2,378,931
Total funds carried forward
116,038
2,076,909
2,192,947
1,980,375
15

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
Investments
2024
2023
(al
Movement in year at market value
Listed Investments
Market value at 1 January 2024
Acquisitions at cost
2,066,430
1,841,735
167,156
389,666
Disposals at book value
Net gain on revaluation
(130,056)
150,216
(356,469)
191,498
Market value at 31 December 2024
2,253,746
2,066,430
Investment cash
84,242
39,981
2,337,988
2,106,411
Historical cost of listed investments
1,864,655
1,782,968
(b)
Reconciliation and movement in unrealised
gains
Unrealised gains at 1 January 2024
283,462
85,344
Addl(Less) in respect of disposals in the year
(44,587)
6,620
Add net gains l (loss) arising on revaluations in the
year
150,216
191,498
Unrealised gains at 31 December 2024
389,091
283,462
(c)
Market value analysis
Fixed Interest
370,463
344,074
UK Equities
485,531
482,547
Global Equities
1,162,867
957,128
Property
128,033
130,336
Altemative Investments
106,852
152,345
2,253,746
2,066,430
Cash
84,242
39,981
2,337,988
2,106,411
16

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
Investsnents - continued
2024
2023
(d)
Investsnent income
Listed Investments
Listed securities
65,326
2,615
61,090
1,486
Cash deposits
67,941
62,576
(e)
Net gain l (loss) on investments
Realised gainl(loss) on disposals
Unrealised gain for year
28,675
150,426
(6,629)
191,498
179,101
184,869
All of the gain in 2024 and 2023 is attributable to the Expendable Endowment fund
Investment management fees
Fees charged by Quilter
15,949
14,278
Reconciliation of net movement in funds to net
cash flow from operating activities
Net incoming reSoUr￿S for th& period
(Deduct) net gain on investment assets
Deduct investment income shown in investing
activities
172,258
212,572
(179,101)
(184,869)
(67,941)
(62,576)
Deduct other interest income
(319)
(332)
(Increase) I decrease in debtors
8,255
Increase in accrued charges
598
172
(74,505)
(26,778)
Analysis of cash and cash equivalents
Cash in hand
Cash awaiting investment
33.703
84,242
92,424
39,981
Total cash and cash equivalents
117,945
132,405
17

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
Charitable Activities
2024
2023
Grants
Holyrood House Centre
Family Survival Trust
Friends of the Family
Retreat Short Term Therapy Scheme
Quaker Voices
Individual Therapy Grants
10,000
9,952
5,000
1,040
9,000
23,390
5,000
1,560
1,750
17,155
58,382
25,465
MHDO Fees
Total Direct Costs
58,382
25,465
Support Costs
Marketing
Website & IT Costs
Legal Fees
Bank Charges
Insuran
Meeting room hire
Sundry Expenses
Governan￿ - Audit Fee
Governance- Non-Audit Accountancy Fees
Governance - Trustee Expenses
304
421
486
18
524
732
17
246
419
172
1,560
720
643
1,836
37
1.674
720
1,260
Total Support Costs
6,756
5,033
Total Charitable Activities Costs
65,138
30,498
All of the £65,138 expenditure recognised in the year (2023: £30,498) was charged to unrestricted
funds.
18

QUAKER MENTAL HEALTH FUND (UK)
YEAR ENDED 31 DECEMBER 2024
8 Debtors
2024
2023
Brokers income account
Prepayments
Creditors
Amounts falling due within one year:
Accruals
6,486
5,888
10 Trustees. expenses and remuneration
Four Trustees were reimbursed for travel expenses totalling £1,260 (2023.. four Trustees £643) and
no Trustee received any remuneration during the period.
11 Contingent liabilities
Grants are recognised in the statement of financial activities when the charity becomes aware
of an obligation. The trustees have authorised a further £24,406 for payment, which is not
reflected in the accounts, as the criteria for recognition has not been satisfied.
12 Analysis of net assets between funds
Unrestricted Funds Endowment Funds
Total
Analysis of net assets between
funds - current year
Fixed asset investments
97.927
2,240,061
2,337,988
Current assets
33,703
33,703
Current liabilities
(6,486)
(6,486)
125,144
2,240,061
2,365.205
Analysis of net assets between
funds - prior year
Fixed asset investments
29,502
2,076,909
2,106,411
Current assets
92,424
92,424
Current liabilities
(5,888)
(5,888)
116,038
2,076,909
2,192,947
19