REGISTERED CHARITY NUMBER: 1172346
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2021
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 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
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 2021
The Trustees present their report and the financial statements of the charity for the year ended 31 December 2021. 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 2021, ISPS UK has undertaken the activities referred to in the next section to further its purposes for the public benefit.
ACHIEVEMENT AND PERFORMANCE
The impact of the COVID pandemic continued to prevent us from holding in person events, but we have adapted by continuing our series of webinars. These have been very successful, reaching a worldwide audience and we have received excellent feedback. The Q & A sessions at the end of the webinars produce interesting questions and demonstrate that our audiences have really engaged with the topic.
In February 2021 we ran a webinar titled A New Mental Health Act? What Needs to Change? Our panel of speakers discussed what they felt needs to change in the Act, from professional and lived experience. The panel represented a range of experience, comprising a psychiatrist, Senior Lecturer and programme leader for the Approved Mental Health Professional (AMHP) programme, Coordinator of the 'White and Race Equality network' in mental health, a health policy researcher, and Mental Health Social Work Lead with Chief Social Worker at the Department of Health and Social Care.
In May our series of webinars continued with Fiction about Psychosis: Impact, ethics, effects. The webinar was supported by Hearing the Voice, Durham University. It featured Jasper Gibson, author of The Octopus Man (a novel about surviving psychosis, and surviving society's response to it) in conversation with Jacqui Dillon (activist, survivor and consultant on The Octopus Man). The conversation was introduced by ISPS UK Trustee Angela Woods, Associate Professor of Medical Humanities at Durham University and Co-Director of Hearing the Voice.
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 2021
FINANCIAL REVIEW
Financial position
This year ISPS UK successfully crowdfunded £6,162 for a documentary film Dismantling the Master's House based on our 2018 Annual Conference: Psychosis and Institutional Racism. We also received £636 for the James Walker memorial fund to help promote awareness of psychosis.
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 £20,000 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 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.
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 £20,000 to cover one year's operating costs, and in 2021 ISPS UK has achieved this.
We have reported the James Walker memorial fund monies raised for the documentary film Dismantling the Master's House as restricted reserves. Restricted funds held at the year end amount to £4,948 and represent unspent income.
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
124 City Road London EC1V 2NX
Trustees
J E Kilyon N Caton R Waddingham (resigned 14.1.22) A K Abdullah (resigned 17.9.21) A Hart S Allan E Flynn J Richardson A Woods J Fleck S Alsaraf (appointed 19.3.21) J Pons (appointed 19.3.21) S Downer (appointed 18.6.21)
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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 2021
Approved by order of the board of trustees on 15 September 2022 and signed on its behalf by:
E Flynn - Trustee
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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 2021
| 31.12.21 | 31.12.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 387 | 6,798 | 7,185 | 3,760 | |
| Charitable activities | |||||
| Charitable activities undertaken directly | 7,863 | - | 7,863 | 10,319 | |
| Total | 8,250 | 6,798 | 15,048 | 14,079 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Charitable activities undertaken directly | 11,842 | 2,000 | 13,842 | 20,535 | |
| NET INCOME/(EXPENDITURE) | (3,592) | 4,798 | 1,206 | (6,456) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 48,121 | 150 | 48,271 | 54,727 | |
| TOTAL FUNDS CARRIED FORWARD | 44,529 | 4,948 | 49,477 | 48,271 | |
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 2021
| 31.12.21 | 31.12.20 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | £ | £ | £ | £ | |||
| CURRENT ASSETS | |||||||
| Debtors | 5 | - | - | - | 100 | ||
| Cash at bank | 46,807 | 4,948 | 51,755 | 50,072 | |||
| 46,807 | 4,948 | 51,755 | 50,172 | ||||
| CREDITORS | |||||||
| Amounts falling due within one year | 6 | (2,278) | - | (2,278) | (1,901) | ||
| NET CURRENT ASSETS | 44,529 | 4,948 | 49,477 | 48,271 | |||
| TOTAL ASSETS LESS CURRENT | |||||||
| LIABILITIES | 44,529 | 4,948 | 49,477 | 48,271 | |||
| NET ASSETS | 44,529 | 4,948 | 49,477 | 48,271 | |||
| FUNDS | 7 | ||||||
| Unrestricted funds: | |||||||
| General fund | 44,529 | 48,121 | |||||
| Restricted funds: | |||||||
| Bursary Fund | 150 | 150 | |||||
| Dismantling the Master's House | 4,162 | - | |||||
| James Walker Memorial | 636 | - | |||||
| 4,948 | 150 | ||||||
| TOTAL FUNDS | 49,477 | 48,271 | |||||
The financial statements were approved by the Board of Trustees and authorised for issue on 15 September 2022 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 2021
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 financial statements of the charitable, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 in October 2019, the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial statements have been prepared under the historical cost convention.
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 £.
A cash flow statement has not been prepared as the turnover is below £500,000.
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.
Page 6
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 2021
2. INCOME FROM CHARITABLE ACTIVITIES
| INCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| Charitable | ||
| activities | ||
| undertaken | Total | |
| directly | activities | |
| £ | £ | |
| Membership fees | 7,863 | 9,321 |
| Conference fees | - | 998 |
| 7,863 | 10,319 | |
3. SUPPORT COSTS
The support costs include accountancy fees of £760 (2020 £606).
4. TRUSTEES' REMUNERATION AND BENEFITS
As approved by the trustees, John Richardson was paid £2,000 for his work on the documentary film Dismantling the Master's House. There were no other trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
During the year, 4 of the trustees claimed expenses (2020 - 4).The trustees claimed travel and related expenditure of £372 (2020 - £725).
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 31.12.21 | 31.12.20 | ||
| £ | £ | ||
| Trade debtors | - | 100 | |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.21 | 31.12.20 | ||
| £ | £ | ||
| Payments on account | 1,045 | 792 | |
| Accruals | 1,233 | 1,109 | |
| 2,278 | 1,901 | ||
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 2021
7. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.1.21 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 48,121 | (3,592) | 44,529 |
| Restricted funds | |||
| Bursary Fund | 150 | - | 150 |
| Dismantling the Master's House | - | 4,162 | 4,162 |
| James Walker Memorial | - | 636 | 636 |
| 150 | 4,798 | 4,948 | |
| TOTAL FUNDS | 48,271 | 1,206 | 49,477 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 8,250 | (11,842) | (3,592) |
| Restricted funds | |||
| Dismantling the Master's House | 6,162 | (2,000) | 4,162 |
| James Walker Memorial | 636 | - | 636 |
| 6,798 | (2,000) | 4,798 | |
| TOTAL FUNDS | 15,048 | (13,842) | 1,206 |
| Comparatives for 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 |
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 2021
7. MOVEMENT IN FUNDS - continued
Comparative 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) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.20 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 54,577 | (10,048) | 44,529 | |
| Restricted funds | ||||
| Bursary Fund | 150 | - | 150 | |
| Dismantling the Master's House | - | 4,162 | 4,162 | |
| James Walker Memorial | - | 636 | 636 | |
| 150 | 4,798 | 4,948 | ||
| TOTAL FUNDS | 54,727 | (5,250) | 49,477 |
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 | 22,329 | (32,377) | (10,048) |
| Restricted funds | |||
| Dismantling the Master's House | 6,162 | (2,000) | 4,162 |
| James Walker Memorial | 636 | - | 636 |
| 6,798 | (2,000) | 4,798 | |
| TOTAL FUNDS | 29,127 | (34,377) | (5,250) |
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 2021
8. RELATED PARTY DISCLOSURES
As approved by the trustees, John Richardson was paid £2,000 for producing the documentary film Dismantling the Master's House. There were no other related party transactions for the year ended 31 December 2021.
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 following funds:
Bursary Fund - this covers money given by individuals to cover free places for service users and carers at conferences.
James Walker memorial fund - funds to raise awareness of psychosis.
Dismantling the Master's House - a documentary film on Psychosis and Institutional Racism.
The Restricted 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 2021
| Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
|||
|---|---|---|---|
| 31.12.21 | 31.12.20 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 7,185 | 3,760 | |
| Charitable activities | |||
| Membership fees | 7,863 | 9,321 | |
| Conference fees | - | 998 | |
| 7,863 | 10,319 | ||
| Total incoming resources | 15,048 | 14,079 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Conference fees | - | 2,818 | |
| Bad debts | - | 1,060 | |
| Committee expenses | 973 | 725 | |
| Bank charges | - | 10 | |
| Telephone | 10 | - | |
| Office costs | 1,467 | 1,278 | |
| Documentary film | 2,000 | - | |
| Sundries | 70 | 44 | |
| Administrator expenses | 5,413 | 10,026 | |
| Network fees | 951 | 1,313 | |
| Journal fees | 2,198 | 2,655 | |
| 13,082 | 19,929 | ||
| Support costs | |||
| Governance costs | |||
| Accountancy | 760 | 606 | |
| Total resources expended | 13,842 | 20,535 | |
| Net income/(expenditure) | 1,206 | (6,456) | |
This page does not form part of the statutory financial statements
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