Charity number.. 1126568 THE SHM FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
THE SHM FOUNDATION CONTENTS Page Reference and administrative details of the Charity, its Trustees and advisers Trustees. report 2-13 Independent examiner's report 14 statement of financial activities 15 Balance sheet 16 Statement of cash flov 17 Notes to the financial statements 18-31
THE SHM FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021 Trustees Professor M Biriotti Professor H L Moore Professor S Fidler Charity registered numbgr 1126568 Principal office 20-22 Bedford Row London United Kingdom WC1 R 4EB Accountant$ James Cowper Kreston Chartered Accountants 2 Communications Road Greenham Business Park Newbury Berkshire RG19 6AB Bankers Lloyds TSB PO Box 72 Bailey Drive Gillingham Business Park Kent ME8 OSL Charity Aid Foundation 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4TA Page 1
THE SHM FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 The Trustees present their annual report together with the financial statements of the Charity for the year 1 September 2020 to 31 August 2021. Objectives and activities Our year This year has been another amazing year for the SHM Foundation despite challenging times with the pandemic impacting all of us and our partners. The need for mental health SLJPPOrt globally has continued lo grow and so it was clear to us that we needed lo work more than ever in this area. Instead of adapting to the impact of the pandemic we have focused on transformation. We have transformed our mobile phone support groups so that they can continue to be run during these limes along with also supporting our partners to transform their models so that they can continue to meet the needs of their beneficiaries. We are very proud of this work and can see the potential of more innovation in this area. l am also immensely proud of the work that we have done on the topic of wellbeing, by raising the topic with all our partners and launching the wellbeing fund. The wellbeing fLJnd has been used for team building activities, art therapy, one on one talk therapy and dance classes. We hope to continue to run the wellbeing fund going forward and expand the activities, using many of the innovations developed by the innovators we work with on Ember Mental Health. I hope this fund can be an example to other organisations that it is possible to do this and should be integrated into all the work we do. The creative work that we have done this year has been another proud moment. We have produced a film about a gardening collective called Huertomanias in Ecuador showcasing their work, we have launched a podcast series called Sparks of Care where we interview different mental health innovators about their work. We have partnered with a range of photographers and designers across the globe to bring different partners work to life. None of the successes of this year could have been done without a wonderful, committed and passionate team. Thank you, Zuzana Figerova, Francesca Zinetli, lona Gaskell, Malebo Ngobeni, Tebogo Konkobe, Ashleigh Beukes, Rini Sinha, Nikita Simpson, Georgina Miguel Esponda, Natasha Adomako, Yasmine Uddin, June Larriela, Hugo Schlesinger, Victoria Marks, Desmond Chauke, Jara Lindsay, Joshua Olins, Olivia Gutierrez, Sama Kamal, Sara Zolli and our incredible Khuluma mentorsl Lastly, we are forever grateful lo our founders Professor Maurice Biriotti and Professor Dame Henrietta Moore for their continued support and generosity to the SHM Foundation, both in the financial investment and in the intellectual thinking that runs through all the work we do al the SHM Foundation. Also we are very grateful for the support and guidance of our Trustee, Professor Sarah Fidler. I can't wait lo see what this next year bringsl Anna Kydd Director of The SHM Foundation Ourstory Because of their academic promise and their dedication lo helping others lo achieve their full potential, Professor Henrietta Moore and Professor Maurice Biriolli founded the SHM Foundation in October 2008, in London. The SHM Foundation works globally lo bring about positive social change through projects and programs in the areas of leaming and citizenship, health and the arts. 11 uses knowledge from the humanities and social scien$ lo understand human motivation, and draws on academic disciplines, from philosophy lo anthropology, lo address social challenges. The Foundation always works collaboratively with partner organisalions that share ils charitable goals and objectives lo ensure good governance and sound financial management. The objects of the SHM Foundation are to undertake for public benefit any purpose that is charitable according lo the laws of England and Wales as the Trustees shall, in their absolute discretion, decide. Page 2
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 Objectives and activities {continuedl About us We are a small and forward thinking philanthropic organisation, commilled lo developing and funding projects with the potential to drive long lasting positive social change. Vve design and seek effective and sustainable solutions in the area of health,. the arts,. and education. We are a UK based non-profit organisalion, alongside a team of four based in South Africa and partners in 14 countries. As a small foundation, we both fund our inilialives and also seek funds in partnership with other organisalions. Many of our initiatives are supported by SHM Productions Limited, a business consultancy, based in London. Being a foundation arm of the private company, gives us a great advantage of being able lo use their offices in London and also to leverage a wide range of skills of their staff and second them lo the Foundation projects if needed. This model ensures the Foundation's suslainabilily and financial stability. This year we commilled £261,813 to fund our global inilialives. We have a team of 12 commilled individuals working from six different countries. Our interdisciplinary team has backgrounds in mental health, research, business, education, design, communications and the arts. In setting objectives and planning for aclivilies, the Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Public benefit.. running a charity IPB21'. Ourvalues We, al the SHM Foundation, are firm believers that in order lo work well as a team and to produce high quality work, we need lo have values in pla that we all believe in and that guide us every day. The values that form the Foundation of everything that we do and who we are as we look lo the future are.. Care Our biggest priority is to look after one another and the people we work with. For us, dedicating lime and energy lo making sure we are all coping is not an add-on - it's al the heart of our approach. Connection As a team spread over six countries, we've always known that you don't need lo be in the same room lo create meaningful human connection. Now it's more important than ever. We're slaying close by sharing stories, coping strategies and light relief in our daily team huddle. Commitment Our dedication lo our current partners and lo providing them with the support they need has not changed. Bul we recognise that many of them have different needs right now. We're being responsive lo these shifts and tailoring our support to the present moment. Adaptability If this year has taught us anything il's that circumstances change and we need to be able lo adapt when they do- in small and big ways. Whether il's juggling work with childcare, dealing with poor conneclivily or rethinking an entire inlervenlion, we believe it's important lo be flexible and empalhelic- and lo keep a sense of humour. Creativity This is a challenging lime, but il's also an opportunity for innovation. We are experimenting with new tools and technologies and thinking creatively lo develop ways of working that will last, through the current crisis and beyond. We will emerge stronger and more resilient than ever. Page 3
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 Objectives and activities {continuedl Ourapproach We base our approach on three pillars.. Open leadership The leadership of the SHM Foundation works collaboratively with the project team to set the strategy for the foundation and design programs. We all work very closely together, enjoying open and collaborative ways of working. 21 Community-led design We work with the communities to co-design programs, to implement them and to evaluate them. We value the wisdom and first-hand experien of our beneficiaries and we believe that effective and sustainable programs can only be designed together with them. 31 Responsive strategy We are committed lo adapt quickly to a changing environment, so that we can stay relevant lo the communities and partners that we work with and provide them with fast response, fast investment and strategic support. Our projects at a glance Health Health was one of the very first areas that the SHM Foundation started to work in 13 years ago. Our work started in Mexico when Anna, now the director of the SHM Foundation, noticed that men and women living with HIV were facing high levels of stigma and had few opportunities or spaces lo share their stories and find solace, support and advice from their shared experiences. This sense of isolation was having a negative impact on both their mental and physical health. Anna, working with Maurice Biriotti (CEO of SHM Productions, a consultancy firml, co-founded a project called Zumbido, looking at how lo provide support systems for those living with and affected by HIV in Jalisco, Mexico. The mobile phone seemed like the perfect tool to enable this model= it was accessible and enabled immediate and intimate communication. Using a group SMS technology, a support group via lexl message was designed, allowing participants to send and receive text messages within a closed group of 10 to 15 participants in rural and urban areas. Within a month, the group participants exchanged over 500,000 text messages. Over the next 13 years, the Zumbido Health model has been refined, adapted and replicated in the UK, Guatemala, South Africa, Zambia and Zimbabwe and it is now flagship program of the SHM Foundation in the area of health. Over the years, we learnt through this work that mental health is a hugely important area, connected to so many other parts of life and that community-based initiatives are particulady well placed to respond lo mental health needs in their settings. The problem is, they don't get the visibility and resources they need lo sustain and grow, and the expertise and insight of local initiatives too often goes unrecognised. That is why in 2018 we decided lo found Ember, our flagship mental health programme that mentors and funds excellent community based mental health initiatives around the world. Ember's goal is to support a diverse, inclusive ecosystem of mental health care to flourish worldwide, so that everyone can access the help they need, where they are, in ways that work for them. Page 4
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 Objectives and activities {continuedl Zumbido Health The Zumbido Health model uses mobile phones lo create virtual social support groups for vulnerable, isolated populations. These support groups are enabled by our digital platform, where participants discuss - peer to peer, at any time via lexl message - a range of issues pertinent lo their condition or needs. Between September 2020 and August 2021, we had the following projects running, as part of the Zumbido Health model.. Khuluma Productions - South Africa Khuluma Productions is a continuation of our long-standing program, Khuluma, which we have been running in South Africa Sin 2013. The project aims lo support long standing Khuluma mentors with their mental health & wellbeing, and enhance their employability skills. Most of the Khuluma mentors have previously been part of the Khuluma groups who decided lo slay on and train to become supporters for other young people living in a similar situation. The COVID-19 pandemic has brought about many hurdles for the mentors, including social isolation, difficult family situations and economic hardship. Through this project we have been able to offer the mentors psychosocial support but also food packages. Khuluma Productions also provides mobile phone support groups for 40 new adOleSnts living in semi-rural areas in Pretoria. The research component of the program concerns insights and current issues young people living with HIVIAIDS face. Zvandiri Lounge - Zimbabwe Zvandiri is a communily-based organisalion in Zimbabwe that seeks lo ensure adoleSntS living with HIV have the knowledge, skills and confidence lo live healthy, safe and fulfilled lives. Through Zvandiri, adolescents living with HIV are trained and mentored lo provide prevention, treatment, care and support seNices to their peers. Zvandiri Lounge is a response lo the challenges brought about by the COVID-19 pandemic. COVID-19 has necessilaled social distancing, quarantine and restrictions on movement, making it impossible to implement Zvandiri's services through their Community AdoleSnt Treatment Supporters ICATSI as usual. Disruptions in Anlirelroviral Therapy IARTI a¢SS and ART adheren, disruptions lo other health and protection Servi8, as well as the impact of this pandemic on the mental health of young people, including the CATS themselves, are key concerns. The CATS have faced an increased burden of care and social isolation. The Zvandiri Lounge provided an accessible, intimate and anonymous form of additional support that the CATS needed as they cared for their beneficiaries in new ways. It also provided important information lo Africaid Zvandiri about some key issues that the CATS were facing so the organisalion was able lo remain responsive lo their changing needs. The Young Motherfs Lounge- Zimbabwe The project aims to scale up an integrated virtual support system for pregnant and breastfeeding mothers living with HIV to improve health & wellbeing. 11 layers on top of Zvandiri's Young Mentor Mother IYMM} program that trains adolesnt mothers lo support their peers with adherence and Sexual Reproductive Health services.11 leverages SHM Foundation's advances in virtual psychosocial support lo provide YMMS & Young Mothers with a single mobile platform where they can access support and training. The overall objective of this project is to build an integrated virtual support system for Zvandiri's YMMS that has a cascading impact on their beneficiaries. The project has three objectives.. To improve the mental health and wellbeing of Zvandiri's 75 YMMS through psychosocial support delivered in a safe virtual space To design and deliver training 'lool box, for the 75 YMMS to improve their resilien and independence To improve the mental health and wellbeing of the 750 adolescent mothers living with HIV who are the YMMS beneficiaries. The YMMS will be providing the support lo the 750 young mothers together with the Zvandiri team. Page 5
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 Objectives and activities {continuedl Insaka - Zambia The project is part of a larger collaborative study, funded jointly by the MRC and DFID, aimed at addressing the needs of adolescents living with HIV in Lusaka, Zambia. The SHM Foundation, in collaboration with Zambart, provides a peer-lo-peer support group intervention component for adoleSntS and young pregnant women aged 15-24 years living with HIV, with the aim lo find out if taking part in the mobile phone-based peer-lo-peer support groups can have positive biomedical outcomes around adherence. 63 participants look part in support groups facililaled by peer support workers. The levels of engagement for this group have been exceptionally high, with participants sending over 70,000 text messages. As the project comes lo the end it's urgent to explore pathways to scale up this intervention in Zambia through a partnership with local organisalions. In addition, we hope lo explore options for the replication of findings as part of the new Young Mentor Mothers Lounge program {YMM Lounge) for the same population in Zimbabwe. Zvatinodaf_ Zimbabwe A research project being conducted by the LSHTM and OPHID in Zimbabwe.11 aims lo use participatory methods in order lo design a peer-led intervention that improves provision and uptake of Sexual and Reproductive Health ISRHI services in one region of Zimbabwe where uptake and quality of health servi$ for young people is often poor, leading lo preventable morbidity and mortality across the life- course. We were working in partnership with the team to provide technical expertise on the use of participatory methods and mobile phones in this design process. We supported young people to lead the process including workshops, and design. We ran a small number of mobile phone-based groups with 40 participants. The findings of this work will be available in early 2022. A T2030- Indonesia and Sierra Leone The SHM Foundation is collaborating with the Bartlett at the Development Planning Unil of University College London IDPUI as part of AT2030, a large-scale research and innovation programme involving 9 million people that aims lo improve access to lifechanging Assistive Technologies IATI such as wheelchairs, hearing aids, glasses and digital assistance lincluding smart phones and accessible software). We worked with DPU and local organisations in Indonesia and Sierra Leone to understand pallerns of use, challenges and atliludes towards mobile phones by people living in informal selllemenls, particularfy people with disabilities. Drawing on insights from this research, we then designed a mobile phone-based intervention in Freetown, Sierra Leone, lo support increased access to and dissemination of accurate health information by people with disabilities and their carers. Ember Ember is a mental health initiative of the SHM Foundation which finds, mentors and funds excellent, community- based mental health initiatives in low-resoUr sellings so that they can grow and thrive. We recognise that communily-based initiatives are particularly well placed lo respond lo mental health needs in their settings. We also recognise that there are many incredible organisations doing this work and meeting those needs in communities around the world. The problem is, those organisalions don't gel the visibility and resources they need lo sustain and grow, and their expertise loo often goes unrecognised and unsupported. This means that communily-based mental health inilialives fa huge challenges in sustaining and growing their work, whether that's in attracting funding, recruiting team members with the right skills, building networks or measuring the impact of their work. We created Ember lo provide that support. The ultimate aim of Ember is to increase access lo effective and appropriate mental health care in low resource settings, in order lo meet the growing need for these services globally. Page 6
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 Objectives and activities {continuedl Education Education was one of the first areas which the SHM Foundation was involved in. Our Co-chair, Professor Henrietta Moore, had established her academic work and relationships with many young inspiring people in Eldorel, Kenya, long before the SHM Foundation's official conception. In the area of education, we look lo increase active citizenship of children and young people. We believe that the best way of responding to social and political challenges is to gel people lo lake a lead. We aim to equip people lo understand and tsckle the issues they care about. Marakwet Education Pmject In Kenya, we've continued lo support the Marakwel project, which aims to improve the transition from primary and secondary education to higher education. This year, we are particularly proud of our Marakwel students who are completing their PhD. In total, we supported 32 students, studying a range of qualifications Irom Nursing to Education and Security Studies & Criminology. Project Noor Project Noor is a new project implemented by the SHM Foundation in partnership with the Max Bamey Foundation. The aim of the project is lo work with a demographic group that is particularly disadvantaged when il comes to securing a dent livelihood.. older refugee women of Middle Eastern heritage. The purpose of this project is lo support these women into employment or self-employment by the end of the project through working with them lo codesign solutions lo the barriers they fa in gelling there. We are taking an inlegraled participatory and person-cenlred approach to this work, while drawing upon the SHM Foundation's existing tools, resources and expertise. The project's two primary objectives are to improve the employment slalus and employability of the participants and lo develop assets, methodologies and tools that can be used lo reproduce and scale up the person-centred approach that we are looking lo develop in this project with other refugee communities in future. The SHM Foundation's work in the arts is based on the vision that great art should be for everyone and should be an integral part of how we learn. Over the years we've supported a number of projects in visual arts, music, and theatre that aimed lo expand the pool of people benefiting from excellent artistic experiences. The Royal Academy of Music This year we have worked on a project with the Royal Academy of Music, an institution that nurtures talent, scholarship and performance at the highest level of classical music. Programmes dedicated lo community outreach, and lo widening access to and participation in the Academy's aclivilies, are core lo their mission. Using our creative and participatory methodologies, we worked with the Academy to gain a qualilalive understanding of the full value and impact of this work, considering the full range of stakeholders connected to it. We have developed a framework and set of insights lo embed this process of evaluation in the Academy's outreach and access work, and to strengthen these activities going forwards. Public benefit In setting objectives and planning for aclivilies, the Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Public benefit.. running a charity IPB21'. Page 7
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 Objectives and activities {continuedl Policy on grant making The SHM Foundation's grant making has continued to focus this year on grants that support projects in health, learning, citizenship and the arts. Proposals are invited by the Trustees or initiated al their request. The Foundation works directly with the beneficiaries of each of ils projects. Unsolicited requests for funding are not encouraged. Achievements and perfomiance Summary of our achievements Health We delivered wellbeing support for our participants and partners The wellbeing support included.. food packages., various free lime aclivilies,. Tree of Life sessions lart therapy methodology run by narrative therapist Ncazelo Ncubel and training to learn the methodology provided by the Soulh-African organisation PHOLA, a former partner of Ember. A total of 7 Ember organisations joined the sessions, 6 Ember innovators were trained in delivering the Tree of Life methodology and 9 received support through the wellbeing session. 20 Khuluma mentors received monthly food packages. 11 has become a vital component of the program as the mentors and their families continue lo find il challenging amid a difficult economic situation. 13 mentors look part in Tree of Life sessions. Subsequently, 12 mentors took part and completed COURRAGE program (also a methodology developed by Ncazelo Ncubel. COURRAGE was a 6-week program aimed al helping adolescents lo articulate and lo address the issues that they face through a collaborative narrative therapy. We adapted and proved the effectiveness of the Zumbido Health model with different populations in various sellings Insaka in Zambia allowed us to adapt the Zumbido Health model lo provide virtual psychosocial support lo 63 pregnant and breaslfeeding young women and girls living with HIV. Zvatinoda! in Zimbabwe enabled us to use the participatory methods of the Zumbido Health in order lo design a peer-led intervention that improves provision and uptake of Sexual and Reproductive Health ISRHI services in one region in Zimbabwe. Zvandiri Lounge in Zimbabwe, allowed us lo use the Zumbido Health model lo provide psychosocial support in a safe virtual space lo a group of Community Adolescent Treatment Supporters ICATSI. Young Mentor Mothers IYMM} in Zimbabwe draws on our expertise to adapt the Zumbido Health model lo different populations and to scale up lo larger numbers. We have continued lo work with and support the Khuluma mentors and laughl other adolescents how lo replicate the Zumbido Health model and how to teach others to do it. We have continued supporting Khuluma mentors in South Africa with their education, gelling them enrolled on further education courses. We equipped all 20 mentors with digital technologies so that they could slay connected during the lockdowns. As part of the Zvatinoda! in Zimbabwe, we have trained a small group of young people lo facilitate the groups. They developed a curriculum and specific approach to peer facililalion. Four Khuluma mentors have been engaged in participatory co-design workshops with representatives of the Zvandiri's YMMS lo adapt the virtual psychosocial support space lo the YMMS, needs. Page 8
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 Achievements and perfomiance Icontinuedl We accelerated our mission lo start changing the current landscape of global mental health, by providing support and funds lo excellent community-based organisations.. We completed an 18-month partnership with 12 Ember innovators. We created and shared with all 12 innovators we partnered with Final Ember Health Check and Letter of recommendation, reflecting what we have learned through our partnerships with them, a summary of what they achieved through the partnership, and the key strengths, dislincliveness, and potential of each organisalion. Together with the Ember Working Group, we selected 5 Ember oryanisations thatv would like to invest in. We put together a bespoke plan for each of the 5 inilialives we want lo invest in for the next year and we identified the financial support that they need to take them to the next stage of their development. We provided funds through Ember Transfomiation Fund lo a number of Ember partners lo enable them lo keep on providing vital mental health and wellbeing support in their communities. We launched a new Ember call-out lo find, support and fund between 6 and 12 new organisalions. We were working on evaluating our impact and publishing our results We conducted an evaluation of the Ember model and we received some very positive feedback. Some of the themes that came up include- feeling more empowered and increased confidence, Ember opened up new opportunities for them such as new networks, clarity on how lo tell their story and their vision. We had a manuscript published in BMC Pregnancy and Childbirth. Insaka.. Mobile phone support groups for adolescent pregnant women living with HIV" and we had the Khuluma paper published in Frontiers in Sexual Reproductive Health. We remained creative and focused on highlighting the amazing work of the people that we support and work with We produced an Ember short film about a garden cooperative in Quito {Ecuadorl, Huertomanias. The cooperative seeks to create a space where people with severe mental illnesses, such as schizophrenia or bipolar disorder, can exercise their right lo work, generate income, and partake in participatory democracy. We published the 'Covid-19 Stories of Change, series {a series of'success Stories, of Ember innovators who have been able to react quickly, creatively and effectively to the current situation),. and the 'Behind the Screen - Zoom portraits, la series of portraits of Ember innovators accompanied by short exlracls of the stories they shared while their photo was being taken). We created our first podcast and launched Ember's podcast series 'Sparks of Care,. One of our priorities al Ember is lo promote the stories, voices and expertise of people doing incredible mental health work al community level - 'Sparks of Care, is another creative way of doing that. We nurtured the creative side of the Khuluma mentors, collaboratively working with them on a blog, highlighting their experien8 during the COURRAGE Program. Although it's amazing lo write about our achievements, we would also like to mention a few challenges that we had to tackle. sucSsive lockdowns in the countries that we work in pul many of our projects either on hold or significantly slowed down our work. However, we always re-planned and readjusted our work and resumed il when il was again safe. We saw many of our participants, partners bul also colleagues deeply affected by the pandemic on a personal level. We pul the wellbeing and mental health of the people that we work with at the lop of our priorities and tried lo find ways lo support them. Some of our participants and their families were impacted by the difficult economic situation. We kept providing vital food and wellbeing packages for them. Page 9
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 Financial review Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial slatemenls. Further details regarding the adoption of the going concem basis can be found in the accounting policies. Reserves policy There is £257,975 in the CAF account. The Trustees have decided lo maintain free reserves in unrestricted funds in the CAF account al a level which equates lo approximately 10 -12 months of unrestricted charitable expenditure. The Trustees consider that this level will provide sufficient funds for the running of the Foundation assuming no other funds are received. Our financials The SHM Foundation grants were made to the following projects Grants tolaling £32.655 was made towards the Marakwel Education Project. Grants of £18,000 was made lo Mental Health & Wellbeing on Campus. A grant of £3,000 was made to Khalsa Aid International lo support with oxygen cylinders for India during COVID. A grant of £1,500 was made lo Mental Health Service Users Association. A grant of£1,500 was made lo Open Hands. Project Ember A joint funding model beeen Vilol Foundation, CBM, Risk Pool Fund and SHM Foundation allowed us lo give out grants lo the Ember partners. A lolal of £17.178 was made to Huertomanias, Open Hands, Mental Health & Wellbeing on Campus, HCCP, CAFS, Mental Se1 Users Association, Green String Neork, RTCCD, CBMHP, CMC-Nepal, Burans and Punlo de Encuenlro. Donations We received a lolal of £741,295 in donations and grants. We received a grant of £47,961 from CBM UK for the Ember Project. We received a grant of £27.935 from Imperial College of Science, Technology and Medicine for the Yalhu Yathu Project. We received a grant of £4.570 from London School of Hygiene and Tropical Medicine for the Zvatinoda Project. We received a grant of £16.400 from University College London IUCLI for the AT2030 Project. We received a grant of £100,000 from The Max Barney Foundation for Project Noor. We received a grant of £7.500 from The Royal Academy of Music. We received a grant of £100.000 from Viiv Healthcare for The Young Mother's Lounge Project. structure, governance and management The Foundation is administrated as a charity by the Trustees Professor Henrietta Moore, Professor Maurice Biriotti and Professor Sarah Fidler. In terms of govemance on a day lo day basis there is a Director of The SHM Foundation and a Head of Development who is in charge of managing and running the Foundation's projects. Trustees meet al least quarterly., no business can be conducted at meetings unless two Trustees are present. Page 10
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 structure, governance and management Icontinuedl The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the rinacial statements and comply with the Charity's governing document (Trust Deed dated 15 October 20081, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Recruitment of Trustees and training The composition of the Charity's Board of Trusless is reviewed regularly with a view to achieving a spread of expertise and age, designed lo facilitate the achievement of the Charills objectives. The Trustees keep up lo dale on their responsibilities by various means, such as reviewing the Charity Commission website, reading relevent periodicals and professional advice. Our board of Trustees We are entirely grateful to Professor Dame Henriella More, Professor Maurice Biriotli, and Professor Sarah Fidler for their guidance, motivation and support. We look fotward to many more inspiring board meetings in the coming year and lo bringing on board a new Trustee to join the SHM Foundation Board. Our partners None of our work would be possible without our partners. We would like to thank the Max Barney Foundation for an exciting new opportunity to expand our model, helping lo support refugee women in the UK. A big thanks goes to the Vitol Foundation for their continued support and new opportunities,. and CBM for their continued commitment lo our partnership. Both organisalions played an important role in helping us lo take Ember lo the next stage of growth. We would like lo thank Viiv Healthcare Positive Action for their continued support and new opportunities for the replication and scale up of the Zumbido Health model in Zimbabwe. When it comes to our academic partners, we are grateful to Imperial College London., LSHTM. Zambart. the University of Pretoria., University College London and OPHID Zimbabwe., who contributed to enhancing the academic excellence of our work. We are also very grateful lo our implementation partners.. Africaid Zvandiri. Kalafong Hospital., and the Mental Health Innovation Neork, whose collaboration has been vital not only to the delivery of our work but also lo the expansion of our pool of participants and partners. A very special thanks goes lo SHM Productions Limited, our main partner and pillar, for all their support and without whom our work would not be possible. Thank youl Additional governance issues The Trustees are directors and shareholders of SHM Productions Limited. During the last year, the Charills principal sources of funds were donations received from SHM Productions Limited and from income generated from the investment of capital as well as donations made by other charitable bodies to develop collaborative projects with the Foundation. The Foundation always works collaboratively with partner organisations that share ils charitable goals and objectives lo ensure good governance and sound financial management. Page11
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 structure, governance and management Icontinuedl Trustees, consideration of major risks and the systems and procedures to manage them. The Trustees consider on a regular basis if there are any major risks to The SHM Foundation along with any risks there might be lo specific projects that they are currently running. The Trustees are confident that there are adequate systems and prOdureS in place for reviewing risks and will continue lo keep these prosseS under review. Plans for future periods We want lo remain relevant and responsive to what is going on in the worfd and to our partners. needs. We wll continue working towards addressing global mental health challenges and meeting global mental health needs. We wll continue supporting community-based organisations in the Global South and growing a healthy global mental health ecosystem of care that grows from within the communities that we support. We are commilled lo drawing on best practice from philanthropy, international development, venture capital and research lo provide mentorship and funding lo excellent local mental health initiatives in low-resource sellings, so that they can grow and thrive. We are commilled lo looking for like-minded co-funders and partners that will help us grow the Ember Fund lo support and invest in innovative mental health inilialives in low-resource settings so that around the world millions more people can access the care they need, where they are, in ways that work for them. We are also very thankful lo the SHM Productions for their continued support which provides us with invaluable resources necessary lo pursue our mission towards beller mental health care. statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally A¢pted Accounting Practice). The law applicable lo charities in England & Wales requires the Trustees to prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the Charity and of ils incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these rinancial slalements, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going concern basis Ljnless il is inappropriate to presLJme that the Charity will continue in business. Page 12
THE SHM FOUNDATION TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2021 statement of Trustees. responsibilities ICONTINUEDI The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them lo ensure that the financial slalements comply with the Charities Act 2011, the Charity IAccounts and Reportsl 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. Appr viuvi v Ll 11 IvITbers of the board of Trustees and signed on their behalf by.. Professor H L Moore Trustee Dale.. 28.06.22 Page 13
THE SHM FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Independent Examinerfs Report to the Trustees of The SHM Foundation I'the Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2021. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'Ihe 2011 Act'l. I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515}Ibl of the 2011 Act. Independent Examiner's Statement Since the Charills gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection wth the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely lo the Charity's Trustees, as a body, in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the Charitvs Trustees those mallers l am required lo stale to them in an Independent examinerfs report and for no other purpose. To the fullest exlenl permilled by law, I do not a¢pl or assume responsibility lo anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed.. Dated.. 29 June 2022 Fiona Hawkins FCA James Cowper Kreston Chartered Accounlanls 2 Communications Road Greenham Business Park NewburyBerkshire RG19 6AB Page 14
THE SHM FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021 Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Note Income from: Donations and legacies 414.548 326.747 741.295 871,114 Total income 414.548 326.747 741.295 871,114 Expenditure on: Charitable activities 246.898 331.342 578.240 513,690 Total expenditure 246,898 331,342 578,240 513,690 Net incomel{expenditure) Transfers between funds 167.650 227 14.5951 12271 163.055 357,424 14 Net movement in funds 167.877 14.8221 163.055 357,424 Reconciliation of funds.. As reslaled Total funds brought forward 14 166.902 505.928 672.830 315,406 Total funds carried fonNard 334,779 501,106 835,885 672,830 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 18 to 31 fomi part of these financial statements. Page 15
THE SHM FOUNDATION BALANCE SHEET AS AT 31 AUGUST 2021 As restated 2020 2021 Note Fixed assets Tangible assets Current assets 10 166 Debtors Cash at bank and in hand 11 116,611 730.905 5,717 680,312 847,516 686,029 Creditors.. amounts falling due within one year 12 {11.6311 113,3651 Net current assets 835.885 672,664 Total assets less current liabilities 835,885 672,830 Total net assets 835,885 672,830 Charity funds Restricted funds Unreslricled funds 14 334,779 501.106 166,902 505,928 14 Totsl funds 835.885 672,830 The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by= Professor H L Moore ITrustee) Dale.. 28 June 2022 The notes on pages 18 to 31 form part of these financial statements. Page 16
THE SHM FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2021 2021 2020 Note Cash flows from operating activities Nel cash used in operating activities 17 50.593 357,737 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 50,593 357,737 680.312 322,575 Cash and cash equlvalents at the end ofthe year 18 730.905 680,312 The notes on pages 18 to 31 fomi part of these financial statements Page 17
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The SHM Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless othemise staled in the relevant accounting policy. 1.2 Income All income is recognised once the Charity has entillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Slalement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entillemenl of receipt, ils recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is reived, the income is accrued. Gifts in kind donated for distribution are included al valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. 1.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs atlribulable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not allributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources eg allocating property costs by floor areas or per capita, staff costs by the time spent and other costs by their usage. Donated staff costs have been allocated based on the number of hours worked on each activity based on an average houdy rate. Donated facilities costs have been allocated based on a propoartion of Offi expenses determined by floor space used. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions allaching are fulfilled. Grants offered subject lo conditions which have not been met al the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. Page 18
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accounting policies Icontinuedl 1.4 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis.. Computer equipment 330/0 Straight line basis Gains and losses on disposals are determined by comparing the proceeds wth the carrwng amount and are recognised in the Statement of Financial Activtties. 1.5 Debtors Trade and other debtors are recognised at the selllemenl amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 1.6 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerm 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. 1.7 Liabilities Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates il will pay lo settle the debt or the amount il has received as advanced payments for the goods or services it must provide. 1.8 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 1.9 Pensions The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. Page 19
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accounting policies Icontinuedl 1.10 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Critical accounting estimates and areas of judgement Eslimales and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The Charity makes estimates and assumptions conceming the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no accounting estimates which are considered material. Income from donations and legacies Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Donations Donations from SHM Productions Limited 100,000 160,000 1,813 164,934 260.000 1,813 164,934 357,775 7,414 181,800 300 Expenses paid on behalf of the charity Donated staff and facilliies Other donations Total donations 100,000 326,747 426,747 547,289 Grants 314,548 314,548 323,825 Total 2021 414,548 326,747 741.295 871,114 Total 2020 323,825 547,289 871,114 Page 20
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Analysis of grants Grants to Institutions 2021 Total funds 2021 Total funds 2020 Health Learning and citizenship Other 20,178 32,655 21,000 20,178 32.655 21.000 69,794 27,680 425 73,833 73,833 97,899 Total 2020 97,899 97,899 The Charity has made the following material grants lo institutions during the year: 2021 2020 Name of institution Parodi & Newboids, Looking Back To OROZO Marakwel Education Project Ember Ember- Risk Pool Fund SHM Foundation 12,000 27,680 38,275 13,545 425 32,655 16.000 1,178 Literature, Gender & Peace Project (Mexico) Portiamo11 Cibo A Tavola Ma Abbiamo Fame 3,000 2,974 Ember Transformation Fund 3,000 18,000 3,000 Mental Health & Wellbeing on Campus Khalsa Aid 73.833 97,899 Page 21
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Analysis of expenditure on charitable activities Summary by fund type Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Health Arts Learning and citizenship Other Governance cost 193,243 309,454 5,625 9,256 333 502,697 5.625 41,911 21,333 6.674 420,208 18,538 31,344 33,275 10,325 32,655 21,000 6,674 246,898 331,342 578,240 513,690 Total 2020 174,041 339,649 513,690 Analysis of expenditure by activities Activities undertaken directly 2021 Grant funding of activities 2021 Support costs 2021 Total funds 2021 Total funds 2020 Health 285,445 20,178 197,074 5,625 9,256 502,697 5,625 41.911 21,333 6,674 420,208 18,538 31,344 33,275 10,325 Arts Learning and citizenship Other 32,655 21,000 333 Governance cost 6,674 285,778 73,833 218,629 578.240 513,690 Total 2020 196,817 97,899 218,974 513,690 Page 22
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Analysis of expenditure by activities Icontinuedl Analysis ofsupport costs Total funds 2021 Total funds 2020 Staff costs Workshop team expenses Governance 34,247 177.708 6,674 15,087 193,562 10,325 218,629 218,974 Independent examiner's remuneration 2021 2020 Fees payable lo the Charills independent examiner for the independent examination of the Charity's annual accounts Fees payable lo the Charills independent examiner in respect of.. Accountancy services 2,000 2,280 3,720 Stsff costs 2021 2020 Wages and salaries Social security costs Pension 55,760 9.960 2.801 41,587 1,536 68,521 43,123 The average number of persons employed by the Charity during the year was as follows.. 2021 No. 2020 No. Employees No employee reiVed remuneration amounting to more than £60,000 in either year. Page 23
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits12020 - £NILI. During the year ended 31 August 2021, no Trustee expenses have been incurred12020- £NILI. 10. Tangible fixed assets Office equipment Cost or valuation At 1 September 2020 2.283 At 31 August 2021 2,283 Depreclatlon At 1 September 2020 Charge for the year 2,117 166 At 31 August 2021 2.283 Net book value At 31 August 2021 At 31 August 2020 166 11. Debtors 2021 2020 Due within one year Trade debtors Other debtors 3,469 155 4,633 1,084 Prepayments and accrued income 112,987 116.611 5,717 Page 24
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 12. Creditors: Amounts falling due within one year 2021 2020 Trade creditors Other taxation and social security Other Creditors Accruals and deferred income 2.933 1,005 1.693 6.000 2,888 871 3,606 6,000 11.631 13,365 13. Prior year adjustments A prior year adjustment has been made to correct misallocations made in prior years. The effect of the prior year adjustment is lo increase the total restricted balance as at 31 August 2020 by £31,306 and decrease the general fLJnds by £31,306. Page 25
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 14. Statement of funds Statement of funds - current year Balance at 1 September 2020 Balance at 31 August 2021 Transfers inlout Income Expenditure Unrestricted funds General Funds 505,928 326,747 {331,3421 {2271 501,106 Restricted funds Ember Khuluma 91,978 62,879 16.219 67 147,960 {129,8051 117,3431 115.6151 110,133 45,536 604 67 Zvandiri Goalkeepers Zvatinoda AT2030 11,500 16,400 100,000 100.000 7,500 31,188 111.2001 112,0001 113.2741 120.7141 {3001 4,400 86,726 79.286 7,500 Project Noor The Young Molherfs Lounge Music Yalhu Yathu 14,2411 126,9471 Me Later Leer 527 527 166,902 414,548 {246.8981 227 334,779 Total of funds 672,830 741,295 {578,2401 835,885 Page 26
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 14. Statement of funds Icontinuedl Restricted funds Ember Ember is a mental health initiative of the SHM Foundation which finds, mentors and funds excellent, community-based mental health inttialives in low-resource settings so that they can grow and thrive. Khuluma Khuluma Productions is a continuation of our long-standing program, Khuluma, which we have been running in South Africa since 2013. The project aims lo support long standing Khuluma mentors with their mental health & wellbeing, and enhance their employability skills. Zvandiri Zvandiri is a community-based organisalion in Zimbabwe that seeks lo ensure adoleSntS living with HIV have the klloedge, skills and confidence lo live healthy, safe and fulfilled lives. Through Zvandiri, adolescents living with HIV are trained and mentored to provide prevention, treatment, care and support services lo their peers. Zvatinoda A research project being conducted by the LSHTM and OPHID in Zimbabwe. 11 aims to use participatory methods in order to design a peer-led intervention that improves provision and uptake of Sexual and Reproductive Health ISRHI services in one region of Zimbabwe where uptake and quality of health services for young people is often poor, leading to preventable morbidity and mortality across the life- course. AT2030 A large-scale research and innovation programme involving 9 million people that aims to improve access lo lifechanging Assistive Technologies IATI such as wheelchairs, hearing aids, glasses and digital assistance (including smart phones and accessible software). Project Noor The aim of the project is to work wth a demographic group that is particularfy disadvantaged when it comes lo securing a decent livelihood.. older refugee women of Middle Eastem heritage. The purpose of this project is lo support these women into employment or selfemploymenl by the end of the project through working with them to codesign solutions to the barriers they face in getting there. The Young Mother's Lounge The project aims lo scale up an integrated virtual support system for pregnant and breasffeeding mothers living with HIV to improve health & wellbeing. Music We have worked on a project with the Royal Academy of Music, an institution that nurtures talent, scholarship and performance at the highest level of classical music. Programmes dedicated to community outreach, and to widening access to and partiupalion in the Academls activities, are core to their mission. Yathu Yathu The project is part of a larger collaborative study, funded jointly by the MRC and DIFD, aimed at addressing the needs of adolescents living with HIV in Lusaka, Zambia. The SHM Foundation provides peer-to-peer support group intervention component for adolescents and young pregnant women aged 15- 24 years living with HIV. Page 27
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 14. Statement of funds Icontinuedl Statement of funds - prior year As restated Balance at 1 September 2019 As restated Transfers inloul Balance at 31 August 2020 As restated Expenditure Income Unrestricted funds General funds 300,808 547,289 1339,6491 12,5201 505,928 Restricted funds Ember Khuluma 229,534 60,668 16,834 10,340 6,449 1137,5561 11,8561 17,5431 113,8761 113,2101 91,978 62,879 16,219 67 14,2411 4,067 6,928 3,603 Zvandiri Goalkeepers Yalhu Yathu 2,520 14,598 323,825 1174,0411 2,520 166,902 Totsl offunds 315,406 871,114 1513,6901 672,830 15. Summary offunds Summary offunds - current year Balance at 1 September 2020 Balance at 31 August 2021 Transfers inlout Income Expenditure General funds Restricted funds 505.928 166.902 326,747 414.548 {331.3421 {246.8981 {2271 227 501.106 334.779 672,830 741,295 {578,2401 835,885 Page 28
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Summary of funds Icontinuedl Summary offunds - prior year As restated Balance at 1 September 2019 As restated Transfers inloul Balance at 31 August 2020 As restated Expenditure Income General funds Restricted funds 300,808 14,598 547,289 323,825 1339,6491 1174,0411 12,5201 2,520 505,928 166,902 315,406 871,114 1513,6901 672,830 16. Analysis of net assets between funds Analysis of net assets between funds - current year Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Current assets 334,779 512,737 111,6311 847.516 111.6311 Creditors due within one year Totsl 334,779 501,106 835.885 Analysls of net assets between funds - prlor year As restated As restated Restricted Unrestricted funds funds 2020 2020 Total funds 2020 Tangible fixed assets Current assets Creditors due within one year 166 166 166,902 519,127 113,3651 686,029 113,3651 Total 166,902 505,928 672,830 Page 29
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 17. Reconciliation of net movement in funds to net cash flow from operating activities 2021 2020 Nel income for the year las per Statement of Financial Acliviliesl 163.055 357,424 Adjustments for: Depreciation charges Increase in debtors 166 1109.7851 12,8431 167 14,8741 5,020 Increasel(decreasel in creditors Net cash provided by operating activities 50,593 357,737 Analysis ofcash and cash equivalents 2021 2020 Cash in hand 730,905 680,312 Total cash and cash equivalents 730,905 680,312 19. Analysis of changes in net debt At1 September At31 2020 Cash flows August 2021 Cash at bank and in hand 680.312 50.593 730.905 680,312 50,593 730,905 Page 30
THE SHM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 20. Related party transactions During the year the charity entered into the followng transactions with SHM Productions Limited.. 2021 2020 Donations made to SHM Foundation Donated use of premises Donated use of staff Expenses paid on behalf of the charity 260,000 357,775 22,000 159,800 7,414 141.606 1.813 403,419 546,989 At the year end, a balan of £100,00012020.' £nill was due from SHM Productions Limited. The following Trustees of SHM Foundation are also directors and shareholders of SHM Productions Limited.. Professor M Biriolli and Professor H L Moore. Page 31