Charity. re¥istrdtioii number.. 1167203 Psycare UK we.lfai e & Harm F',eduction Charitable Ini:orporat¢d Organ".sation Annudl Report ane Financial stsieinents foi the Year Eniled 31 MaTch 2024 Psycare UK WÉ,.Ifare & Harn) F:eduction Annudil Report and Finanij'ial Statements for the'lear ended 31 March 2024 Coiitents Refe￿nce an4J Adiiiinistraiiye Details Trust¢ts' Report 2to4 Statement of TrusiL.'e5' Responsibilities Independent fxaminers Report Statemeni of Finaniial Activities Balance Sheet Notes to ihe Financial Statemenis 9t013 Psycare LIK Welfai'e & Harm rteduction Referente and AdministratlVL. Details Trustees The Trustce% i¥ho served during the yLar werL'-. - Dr. Andrew (Jibson Ben Holilen (iui, Joncs Amanda Guiiiiska Jordan G(H)ding {appoinled ?0 Septen"Iber 20- 4) Trac￿ DunnL Ii'csigned 7 DeLembcr 21123) Andrew Boult(In-Daniel (resigjied 7 Ilecembcr ?0?3) Kwin Sile117.i de Stagni {resigFncd ? l Tr.qay 2024) Adam Wauk?h IresiLJii¢d 15 March 20".41 Diana Webster IrL'sign¢d 8 February =.024) Principal o￿lee 61 Hamilton Road London NWII 9EH Charity Regi%lration Number 1167203 Psycare UK Welfare & Harm Reduction Trustees, Report for the year ended 31 Mareh 2024 The Trustees present th¢ir annual r¢FOrt together with the finarcial statements of the Chariry for the year ended 31 March 2024. Objectives and activities ObjeLls uNd uim The Charit> exists to pr¢ser¥'e and prcbtect the hea th and wellbei.lg of the public who ailend festivals and events in particular but not exclLsively by.. {a) the pr()vision of event welfare i¢¢s. (b) the prO￿lS1On of non-judoemeiital iarm reduction infonnatiori and advice and (c} the provision of crisis inten'ention servicei. It also work8 to advance the ¢ducatioll of the i)ubli¢ in harm redL Ction and psychedelic care serviccs in partiCLila] but Iiul CXL iusiv¢ly by'.- {a) tlie provision of infomiation and aqvice ard (b) Èhe prowision of leolur¢5 and fora. Public benefi¢ The Trustee4 Lonfirn] that they have complie(I with the requirements of section 17 of the Charities Act 2011 to hai'e duL regard io the public benefit g.uidance publi..;hed by the Charity Commission for Fngl&nd and Ivales. AchievemenL4 and perforniance The Charity dLlivered harm reduction and welfare services al a ti)tal of I l evenls. This created 241 volunteer ¢weii( spa¢¢s and r¢sulied in ower I II 0011 volunteer hoLrs donated. Across tlie I l events tlie Charity, proi'ided support to ow¢r 1.000 p¢oplL ¢Aiicriencing a N'ariety of noi)-medical difficultics irkcludiiig challengiiig psych¢d¢li¢ exii¢rienLes and mental healih crises. The Charit>. e()niinues to bc recognised for tlii.. work ihat IÉ do¢s kn%'ith evciit orgJaniscrs enquiring about our serviies based upon reputsrion. During this p£ riod the Charily was approached b} Camden Coiincil -to-da)' basis. All I'rustee% givc of their lime frL'ely and no trustec remuneration was paid in the year, hoi*ei'er some -l-ru51ees ar¢ Faid for the proN'ision of specific sernices. Details of trustee expLnscs aiid I'Llated part). tiansactlons are di'.£lo'. ed iii notes 4 and 13 to the accounLs. Psycare UK Welfare & Harm Reduction Psycare LIK Welfare & Harm leduction Truslees, Report foj. the year ended 31st March 2024 (contd.) Ca.shflow risk Actii'ities are mainl> funded from Ciish alreadj. received so tliere is relaliNely low cash flow risk, althougph some bad debis hai'¢ arisen I roni soine li:Stiial organi51.'rs. Credil risk The Charity's principal financial assc'.ts are a mo'.or ￿ChIele. baiik balances and cash, it therefore hag no eredil risk. Liquidity risk The Charity has no fixed ovLrheads, and no fiiture commitments so has no liquidity risk. I'he annual report was approved by ttre TrusL'es c,f the Charity on 23, January 2025 and signed on its behalf b).. Ben Holden Trnstee Psycare LIK Welfai'e & Harm aeduction Statemeilt of Trustees, Resporisibilities The Trustees are resw)nsible for preparing thf. Trustets, reiiort and the financial statements in accordance w'ith the United Kingdori Ac¢oiintir g Standards (lJnit¢d Kingdom Generally Accepted Accounting Practi¢¢} and appli¢able14w and i'egulalions. The law appliiable to chariiies requir"'s the TrustLes to prepare 1"inancial slatements for each financial year whilh giji'e a true and fair viei%' of the stale 01 aftairs of (he ,-harity and of the inioming resources and applityatioi) of resourLes of the Cliarity for thE.t p¢riod. In PTI:paring these financial statemenis. the Trustees are rLquired to= s¢le¢t suitable accounting policies and theii api)ly them consii.tently- observe thc mcthods and principles in the ihai ities SORP: make judgiLmeiits and estimates thiAt are reasonable and prudent; stal¢ wh¢th¢r applicable accouniing standaids hai'e been followed. subject to any maierial departures disLlosed and explainec in Ilie l inar.iial slatem¢ni!; and prepare the financial slalemenls oli Ihe g(>ing ¢oncern basis unless it is inappropriate lo p￿Sume that the Charity will continue in bLisiness. The I'rust¢cs arc responsible for ke'-pin&' p-op¢r aicounting records that disclose wilh reasondble accurai) ai 1¢ ny time ihe financial po',iiion ol the Charity and ei able them lo ensure that the financial statements Lompl). i¥itli the Charitit's ALt 'IOI I, the applicable Charities (Accounts and Reports) Regulati011s. ai)d the provisioi)s of thE constit Jtioii. The Trustee! are also responsible for safeguarding the asscts ot Ihe Charity and hence lor takiiig rL'asonable step% for the prevention and del￿tiOn of fraud aiid other irreg?ularities. Approv¢d by Ihe Trustees of the Charity on 2.1 J.Inuary 2025 ar.d signed on its behalf by.. Ben Holden Truste Psycare Ll K Welfai'e & Harm lleduction Independent l-xaminer's Statement report to ihe Trustees on my ex&minJtion of the accounts of the above Charity (fihe Trust") for th¢ year endcd 31 March ?024. As the Cliarity's'rrusiees, you are r( sponsibl¢ for the preparation of the accounts in ￿e￿OrdanCe with the requiirmei)ts of t'.ie Charitics Al't 2011 ('tthe .4ct"). I report in respect of my ¢xamin:Ition of the Trust's acccFunis ¢aiTied out under section 145 of the 2011 Aci and in ¢anying out m J, examination. I have li)Il0￿'¢d all .he applicable Ilirections given by tlie Charity Commission under section 145(5)(b) iTrf the A-t. Independent examiner's statement have completed my examination. l Lonfinii Ihal )0 material marters have come lo my aiiention in conneciion with the ¢xamination which gil'es me uuuse to belieN': that in, any material respcct.. the accounting records were poi kcpt in ac'.¢ordance ￿1th seclion 130 of the Charities Act. or th¢ accounts did noi accord with the occoiinling records; or the accounts did Tjot ¢omply ivith the appl icable requirerienis concerning the fomi and conteiit of accounis set out in the Charitie) {AcLounts anj Reports) Regulations 2008 other tliai) an J requir¢m¢ni ihal the accouiils giiie a 'true and fjir N'iew which is not a matter cot15idercd as part of on indeFendent ¥xan)ination. I have no ¢oncerns and have Come aci'oss no Iithei tnatters ill corjnection with the examination to which attLntion sliould be drawn in this repon in (Irder to enable a proper understanding of the accounts Ic) be r¢ach¢d. Signed.. Dated.. 29 January 2025 Nam¢'. David Lollier, FCIE Qualificatio1)= Fellow of the Associalion of Charii.y Ind¢p¢ndent Examiners Psycare Ll K Welfai'e & Harm Reduction Statement of Financial Activiries for the Year Ended 31 March 2024 Unrestrie Restricte ted funds d funds Year to Year to 31 March 2024 Tolal funds to YearJl MarLh 2024 Total funds to Yearjl March 2023 31 Marth 2024 Nolc" Income and Diinalioii5: Event Fees 38,324 38,324 47,069 Donations an(1 brants 16,543 3.600 20,143 5,628 Total income 542167 3,61M) 58,467 52,697 Expenditure oll: Charitable acli¥ ities 47,788 229 (48,017) (53,188) (48,017) (53,188) Total expenditure 47,788 229 Net movement ID funds (outflow in brackets) 7,079 3J71 10,450 (491) Reconciliotion offunds Total funds brought forward 16,799 16,799 17,290 Total funds carried fonvsrd 23,878 3J71 27,249 16,799 All of the Charity's activities derive fiom ¢oni inuing operations during) the above two periods. Psycare UK Welfare & Harm Reduction (Charity Regislration number: 1167203) Balance Sheet as at 31 March 2024 Year ended Year ended 31 March 2024 31 March 2023 N)te Fixed Assets 5,073 7,648 Current assets Cash at bank and in hand 12 26,361 13,785 Debtors and Prepayments 1,500 2.367 Total Current Assets 27,863 16,152 Creditor3: Ainounts falling due witliin one >'eAI- 5.6861 7,000 Net CurreDt Assets 22,177 9,152 Net Assets 27250 16,800 Funds of the Charity.: Unrestricted income funds Nominal Capital Reslricled and Unrestri¢ied funds 10 27,249 16,799 Tol*l fund$ 16,8(M) The finari¢ial stateineiits 011 pa&F¢S 6 10 1 ? wt're approved by th(. Trusl¢¢s and authorised for issue on 23, Januaj). 2025 and sigi)¢d on th¢ir belialf l>y= Ben Holden Trustee Psycare LIK Welfare & Harm Reduction Notes to the Financial Statem£'nts for the Year EDded 31 Mareh 2024 l Accounting polieies Statement of complianee The finaiicial stalen)¢iits hav¢ been prepared in ac¢ordance with AcLoui)ting and Reportin8 by Charities.. Staiement of Recommend..d PraLti¥e appliLabl¢ to chariiies preparing iheir accounts in accordai)L¢ ￿ ith tli¢ F inancial Eieporting Star.darc' applicable in the UK and Republi¥ of Ireland {E.-RS 10?} {effcctiiie l Jaiiuary, 20151 (l.'haritie:. SCIRP (FRS 1021), the FinaTJcial Reporting Standard applicabl¢ in the UK and Republic of Ireland IFR,.) 102) and the Chariti¢s Act 2011. Bgsis of prepar8tion Ps)Care UK 'Welfare & Ham) Redui.'tion mi.els the definition of a public benefit enlit), under FRS 102. As4¢ls Lind liabilities are iiiiti,Ill) r¢c)gnised at hislorii al ¢ost or transaction value unless otherwise ststLd in tli¢ r¢levant accou iting policy iiotes. Exemption from prep#riDg a cash flow stalement The Charity exercised their option nol to iiieliide ¥. cash tlow staletnent in these finanLial staiements. Going coneern ThL Truslie% Lonsider that there are no tnaler al un¢¢rtainties ab )ul the Charity's ability to ¢ontinue as a going concein. Income and eDdow'ments DonAtions Donations are recognised on a receivable basis when r¢ceipi is probable, &nd the amount can be reliabl), measured. Expenditure All expeiiditui'e is recog?nised once tliere is a lego l or constructi ie obligation to that expenditure, il is probable settlL'mei)t is required aiJd ihu amoiiilt C1cn be measured reliably. All costs are allocated io the applicablL cxpenditure IieadiiigF that ai￿rl.gate siTr, ilar costs to tli'ii category. Charitable xctivities Chariiable expenditure comprises thc.se Lost% incurred by the Charity in the delivery of its activitie5 and scrviLeb lor its b¢tkcficiarics. It in -ludLS IK)ih costs that can oe allocated direcil). to such activities and those costs of an indire¢l natur¢ nLY¢ssap' 10 ::upport them. Taxation The Charity 15 coiisidcrcd to pass the iests set out in Paragraph I Schedule 6 of the Finance Act 2010 and th¢rcforL' il Incets the dcfinition ol'a cliaritabli.. compaiiy for UK corporation tax i)urposes. ALlordingl￿. Ihe C liarilj is potentiall:. exetnpt frcm taxation in respect of incoine or iapital gains r¢c¢iv¢d within catcgories coK¢r¢d by Chapt¢r 3 F'art I l of the Corporation Tax Act :O l O or Section 256 of tlie l axatioi) of Charbieable Gaiiis Act 199-' to the ¢xi¢ni that such income or gains are appli¢d exclusively to charitable purposes. Cash and cash equivalents Cash and cash eguivaleiits Lomprise cash on I,&nd and cash at ba )k. Psycare UK Welfare & Harm Reduction Noles to the Financial Stateinents for the Year Ended 31 March 2024 (contd.) Trade Creditors. Trade Debtors an,:1 prepa)'mc nts Trade ¢reditOTS are obligaii<)n5 to pa,. for goods or services th'.t have been acquired in the ordinary course ol. business from suppliers. A¢wounts i)ay"able are classifi:d as current liabilities. Trade d¢btors are obligations tc) pav fur goods ur s¢i'vices Ibat h li'e been prowl led in the ordinary course of business from clients. Prepaym¢nts are advanci.. pa)'tnenls '.or scrviees, net yet provided. Tangible fixed assets and depreciation Assets costiiigi more tlian £150 are cai)italised ai)d valued at hist(Irical cosl. Depreciation is charged on assets on a strciight-line basis over their eslim¢lt¢d useful life of 4 y¢ars from the y¢ar of acquisition. FuDd structure Unrestricted i,"Icome fui)ds are geiier. Il fuiids tha. are availabl¢ for use al Ihe Trustees, dis¢retioii in furtheranLe {)( the objectives of (he Cliarity". 2. Income frum donations, legacies and grants Incomiiig funds Total 2024 Totsl 2023 Unrestri¢t¢d Restricted Donations from iiidividuals Grants 16,543 16,543 i,600 5,628 3,600 16543 20,143 A grant ot. £3.600 was receI￿¢d from David Hillitr in 2023 to prJvid¢ support for the Chariry's future provision of "Safe Spacc" fa¢iliti¢s at festivals. This is matched _o exp¢nditure in this & future years. 3. Expenditure on cblritable Vdctivilies Outgoiiig funds TotAI 2023 2024 Unrestrictec Restricted Cost of Generating Income Cost of delii'erv of Lven¢s Cost of Charitable Aetivities Conferences and Irdlllillg General i)p¢rating costs Depreciation Bad debis Independent Exaniiner's f¢¢ 11,508 11.508 12,520 4,438 28.371 2.721 229 4.667 28,371 2,721 1.114 35,054 2.750 1,000 750 750 750 47,788 229 48,017 53,188 10 Psycare LIK Welfai'e & Harm aeduction Notes to the Financial Stateinents for the Year Ended 31 Mrdrch 2024 (contd.) 4 Trustee reniuneration And expenses No TrustLes, Iior ali). persons connLcied w ith thein. have receivLd any remuneration from the Charity during th¢ y¥ar, for s¢rvic¢s as a trusl¥e. Truervices 2024 20*3 C.ontrsl¢tusl servic¢5 2023 Expenses Expenses Trustee Karin Silenzi de Stagni l.ilo 92 6.389 1.339 Ben Holden 308 450 Am&nada Guzinska 9..138 790 6.060 971 Adatn Waugh 3.100 1,729 4,710 Andrew Ghbson 1,800 Total 13,1148 2.919 19.119 3.861