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
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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.
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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.
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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.
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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 adOleS￿nts 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 adoleS￿ntS 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 AdoleS￿nt Treatment Supporters ICATSI as
usual. Disruptions in Anlirelroviral Therapy IARTI a¢￿SS and ART adheren￿, disruptions lo other health
and protection Servi￿8, 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 adoles￿nt 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.
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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 adoleS￿ntS
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.
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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 de￿nt 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'.
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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.
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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 experien￿8 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.
suc￿Ssive 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.
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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 be￿een 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 Se￿1￿ Users Association, Green String Ne￿ork, 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.
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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 Ne￿ork, 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 prO￿dureS in place for reviewing risks and will continue lo keep these pro￿sseS 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 re￿ived, 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 re￿iVed 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 adoleS￿ntS living with HIV
have the kllo￿edge, 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