REGISTERED CHARITY NUMBER: 1172346
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2020
for
The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Willsons Chartered Accountants Carlton House High Street Higham Ferrers Northamptonshire NN10 8BW
The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Report of the Trustees
for the Year Ended 31 December 2020
The Trustees present their report and the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
The charity is commonly abbreviated to ISPS UK. This report relates to the charitable incorporated organisation which has taken over from the unincorporated charity of the same name.
OBJECTIVES AND ACTIVITIES
Objectives and aims
ISPS UK is an organisation which is genuinely interested in the human experience of psychosis and in humane responses to help people recover. We aim to promote dialogue and understanding, at local and international levels, between different perspectives on the nature of psychosis and the benefits of pyschological and social approaches.
The objectives and aims are to improve the experience of people with psychosis, and their family and friends through promoting psychological and social approaches to psychosis, promoting dialogue and understanding between people with different views and approaches to psychosis, and increasing understanding of psychosis and improving access to a wide range of therapeutic approaches.
The Trustees of ISPS UK have had regard to the Charity Commission's requirements on reporting of public benefit. In 2020, ISPS UK has undertaken the activities referred to in the next section to further its purposes for the public benefit.
ACHIEVEMENT AND PERFORMANCE
We successfully started our year in January 2020 with our Annual Conference, Young People and Psychosis: Beyond Early Intervention. In addition, ISPS UK ran a series of well attended online webinars to explore new and relevant themes:
"When there are no words: working creatively with psychosis." This July 2020 webinar explored how a range of art therapies, music, art, dance and drama can help find safety, connection and meaning.
"Alongside Psychosis: Alternatives to Psychiatric Admission" October 2020 explored alternative communities and housing. Guest panellists from across the world presented communities from Trieste in Italy, Soteria Vermont in the US and the Leeds Safe Haven in the UK.
"Dismantling the master's house: becoming anti-racist" . In the November 2020 webinar, our panel explored the subject of institutional racism within the mental health system. We also launched a documentary film project which ISPS UK is proud to be supporting, emerging from our 2018 conference on psychosis and institutional racism. This was the first time the trailer had been screened publicly. The film is a hard-hitting documentary examining structural racism in the UK mental health system told from a social justice perspective.
Other webinars and interviews have continued in 2021 and include "A New Mental Act? What Needs to Change" and an interview with author Jasper Gibson and his novel "The Octopus Man."
FINANCIAL REVIEW
Financial position
In reporting our achievements for the year to December 2020, the trustees are continuing to review the impact of the COVID-19 pandemic on our future operations, our beneficiaries and partners and our financial sustainability. ISPS UK now holds a reserves target of £10,000 in line with our reserves policy with a healthy surplus to carry forward to further the organisation's strategic aims in future years. ISPS UK has a budget in place, which is reviewed annually, and the trustees now undertake a regular analysis of performance against the budget in order to monitor expenditure and income. A financial sub-committee is in place, which provides regular financial updates to the committee.
Page 1
The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Report of the Trustees
for the Year Ended 31 December 2020
FINANCIAL REVIEW
Reserves policy
The main reserves of the charity are unrestricted funds. The charity has retained reserves from earlier periods to cover any shortfall of income against expenditure for future periods. The target reserve is £10,000 to cover one year's operating costs, and in 2020 ISPS UK has achieved this.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document and constitutes a charitable incorporated organisation.
Induction and training of new trustees
New trustees have continued to be appointed at the Annual General Meeting. In most cases, these trustees are already familiar with the operations of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1172346
Principal address
Kemp House 152-160 City Road London EC1V 2NX
Trustees
J E Kilyon N Caton R Waddingham A K Abdullah V Jackson (resigned 11.9.20) A Hart S Allan E Flynn J Richardson A Woods S Betteridge (resigned 8.6.20) A Bristow (resigned 12.11.20) J Fleck S Alsaraf (appointed 19.3.21) J Pons (appointed 19.3.21) S Downer (appointed 18.6.21)
Approved by order of the board of trustees on 17 September 2021 and signed on its behalf by:
E Flynn - Trustee
Page 2
The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Statement of Financial Activities for the Year Ended 31 December 2020
| 31.12.20 | 31.12.19 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| fund | fund | funds | funds | |||||
| Notes | £ | £ | £ | £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||||||
| Donations and legacies | 3,760 | - | 3,760 | 70 | ||||
| Charitable activities | 2 | |||||||
| Charitable activities undertaken directly | 10,319 | - | 10,319 | 16,607 | ||||
| Total | 14,079 | - | 14,079 | 16,677 | ||||
| EXPENDITURE ON | ||||||||
| Charitable activities | ||||||||
| Charitable activities undertaken directly | 20,535 | - | 20,535 | 21,760 | ||||
| NET INCOME/(EXPENDITURE) | (6,456) | - | (6,456) | (5,083) | ||||
| RECONCILIATION OF FUNDS | ||||||||
| Total funds brought forward | 54,577 | 150 | 54,727 | 59,810 | ||||
| TOTAL FUNDS CARRIED FORWARD | 48,121 | 150 | 48,271 | 54,727 | ||||
The notes form part of these financial statements
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The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Balance Sheet
31 December 2020
| 31.12.20 | 31.12.19 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| CURRENT ASSETS | ||||||
| Debtors | 5 | 100 | - | 100 | 1,440 | |
| Cash at bank | 49,922 | 150 | 50,072 | 57,530 | ||
| 50,022 | 150 | 50,172 | 58,970 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 6 | (1,901) | - | (1,901) | (4,243) | |
| NET CURRENT ASSETS | 48,121 | 150 | 48,271 | 54,727 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 48,121 | 150 | 48,271 | 54,727 | ||
| NET ASSETS | 48,121 | 150 | 48,271 | 54,727 | ||
| FUNDS | 7 | |||||
| Unrestricted funds: | ||||||
| General fund | 48,121 | 54,577 | ||||
| Restricted funds: | ||||||
| Bursary Fund | 150 | 150 | ||||
| TOTAL FUNDS | 48,271 | 54,727 | ||||
The financial statements were approved by the Board of Trustees and authorised for issue on 17 September 2021 and were signed on its behalf by:
E Flynn - Trustee
The notes form part of these financial statements
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The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Notes to the Financial Statements for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
ISPS UK is a charitable incorporated organisation in England and Wales. The principal address is given within the Report of the Trustees on page 2 of these financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Charities Act 2011and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Income
All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The income from conferences is only included after the conference has taken place; any income received in advance is treated as a payment on account and included within creditors on the balance sheet.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Network and Journal fees represent the costs for print and distribution of the Journal Psychosis to our members.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Membership fees, debtors and creditors
Membership fees are shown under income according to the year that they relate to. Fees paid in advance are included within creditors as payments on account.
Debtors and creditors are recorded at transaction price.
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continued...
The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
2. INCOME FROM CHARITABLE ACTIVITIES
| INCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| Charitable | ||
| activities | ||
| undertaken | Total | |
| directly | activities | |
| £ | £ | |
| Membership fees | 9,321 | 12,770 |
| Conference fees | 998 | 3,837 |
| 10,319 | 16,607 | |
3. SUPPORT COSTS
The support costs include accountancy fees of £606 (2019 £1,156).
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
The trustees claimed travel and related expenditure of £725 (2019 - £1,844) during the year. 4 of the trustees claimed expenses during the year (2019 - 7).
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| £ | £ | ||
| Trade debtors | 100 | 1,310 | |
| Prepayments | - | 130 | |
| 100 | 1,440 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.20 | 31.12.19 | ||
| £ | £ | ||
| Payments on account | 792 | 2,725 | |
| Accruals | 1,109 | 1,518 | |
| 1,901 | 4,243 | ||
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continued...
The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
7. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.1.20 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,577 | (6,456) | 48,121 |
| Restricted funds | |||
| Bursary Fund | 150 | - | 150 |
| TOTAL FUNDS | 54,727 | (6,456) | 48,271 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,079 | (20,535) | (6,456) |
| TOTAL FUNDS | 14,079 | (20,535) | (6,456) |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.1.19 | in funds | 31.12.19 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 59,660 | (5,083) | 54,577 |
| Restricted funds | |||
| Bursary Fund | 150 | - | 150 |
| TOTAL FUNDS | 59,810 | (5,083) | 54,727 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,677 | (21,760) | (5,083) |
| TOTAL FUNDS | 16,677 | (21,760) | (5,083) |
continued...
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The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.19 | in funds | 31.12.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 59,660 | (11,539) | 48,121 | |
| Restricted funds | ||||
| Bursary Fund | 150 | - | 150 | |
| TOTAL FUNDS | 59,810 | (11,539) | 48,271 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 30,756 | (42,295) | (11,539) |
| TOTAL FUNDS | 30,756 | (42,295) | (11,539) |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
9. FUNDS
The main fund is unrestricted so that it can be used for any purpose in accordance with the charitable objectives.
The restricted fund relates to the Bursary Fund - this covers money given by individuals to cover free places for service users and carers at conferences.
The Bursary Fund is covered by part of the bank balances.
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The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| Detailed Statement of Financial Activities for the Year Ended 31 December 2020 |
|||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 3,760 | 70 | |
| Charitable activities | |||
| Membership fees | 9,321 | 12,770 | |
| Conference fees | 998 | 3,837 | |
| 10,319 | 16,607 | ||
| Total incoming resources | 14,079 | 16,677 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Conference fees | 2,818 | 3,053 | |
| Bad debts | 1,060 | - | |
| Committee expenses | 725 | 1,844 | |
| Bank charges | 10 | - | |
| Office costs | 1,278 | 796 | |
| Sundries | 44 | 752 | |
| Administrator expenses | 10,026 | 8,760 | |
| Network fees | 1,313 | 1,282 | |
| Journal fees | 2,655 | 3,117 | |
| Free conference places - Rotterdam 2019 | - | 1,000 | |
| 19,929 | 20,604 | ||
| Support costs | |||
| Governance costs | |||
| Accountancy | 606 | 1,156 | |
| Total resources expended | 20,535 | 21,760 | |
| Net expenditure | (6,456) | (5,083) | |
This page does not form part of the statutory financial statements
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