**REGISTERED CHARITY NUMBER: 1172346**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis
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 2022
||Page|
|---|---|
|Report of the Trustees|1to2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5to7|
|Detailed Statement of Financial Activities|8|
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 2022
The Trustees present their report and the financial statements of the charity for the year ended 31 December 2022. 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 psychological 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 2022, ISPS UK has undertaken the activities referred to in the next section to further its purposes for the public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
This year ISPS UK has put our efforts into redesigning and relaunching our new website with more information, guest writers and extra offers for our membership, including quarterly subscription of the radical mental health magazine Asylum.
We continued with our webinars in to inform our membership and public on relevant issues. In February 2022 we ran a webinar titled A New Mental Health Act? What Needs to Change? Our panel of speakers from professional and lived experience. discussed what they felt needs to change in the Act. In May 2022 we held an online event; 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.
In 2023 we are planning more online events: a series of three webinars, Relationships with Anti-Psychotics, and our first was held in July on Staff Relationships with Antipsychotics.
ISPS UK has recruited a new Chair Jacqui Dillon, a writer, campaigner, international speaker and trainer. She will be our keynote speaker at our next annual 2023 conference in Bristol: Love, Patience and Kindness: Working with Different Ways with ‘psychosis.’ The trustees would like to thank Akiko Hart for her for all her hard work and enthusiasm as Chair for the last 5 years.
## **FINANCIAL REVIEW**
## **Financial position**
ISPS UK membership income has remained level despite the impact of COVID over the last 3 years and ISPS still has met its 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.
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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 2022
## **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 £20,000 to cover one year's operating costs, and in 2022 ISPS UK has achieved this. We have reported the James Walker memorial fund the 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**
61 Bridge Street Kington HR5 3DJ
## **Trustees**
J E Kilyon N Caton R Waddingham (resigned 14.1.22) A Hart (Chair resigned 31.5.23) S Allen (Chair resigned 5.7.23 ) E Flynn (Treasurer ) J Richardson A Woods J Fleck ( resigned 6.2.22 ) S Alsaraf J Pons S Downer ( Interim Chair J Dillon
Approved by order of the board of trustees on 13 September 2023 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 2022
|||||31.12.22|31.12.21|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|£|£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies||272|
-|272|7,185|
|**Charitable activities**||||||
|Charitable activities undertaken directly||8,509|-|8.509|7,863|
|**Total**||8,781|-|8,871|15,048|
|**EXPENDITURE ON**||||||
|**Charitable activities**||||||
|Charitable activities undertaken directly||14,011|-|14,011|13,842|
|**NET INCOME/(EXPENDITURE)**||(5,157)|-|(5,157)|1,206|
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||44,529|4,948|49,477|49,477|
|**TOTAL FUNDS CARRIED FORWARD**||39,372|4,948|44,320|49,477|
The notes form part of these financial statements
## The United Kingdom Network of the International Society for Psychological
## and Social Approaches to Psychosis
## Balance Sheet
## 31 December 2022
||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Total|
|||fund|fund||funds|funds|
||Notes|£|£||£|£|
|**CURRENT ASSETS**|||||||
|Debtors||150||-|150|-|
|Cash at bank||39,222|4,948||44,170|51,755|
|||39,372|4,948||44,320|51,755|
|**CREDITORS**|||||||
|Amounts falling due within one year|6|-||-|-|(2,278)|
|**NET CURRENT ASSETS**||39,372|4,948||44,320|49,477|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||39,372|4,948||44,320|49,477|
|**NET ASSETS**||39,372|4,948||44,320|49,477|
|**FUNDS**|7||||||
|Unrestricted funds:|||||||
|General fund|||||39,372|44,529|
|Restricted funds:|||||||
|Dismantle the Master House|||||4,948|4,948|
|**TOTAL FUNDS**|||||44,320|49,477|
||||||||
The financial statements were approved by the Board of Trustees and authorised for issue on 13 September 2023 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 2022
## **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.
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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 2022
## **2. INCOME FROM CHARITABLE ACTIVITIES**
||31.12.22|31.12.21|
|---|---|---|
||Charitable||
||activities||
||undertaken|Total|
||directly|activities|
||£|£|
|Membership fees|8,205|7,863|
|Conference fee|303|-|
||8,508|7,863|
||||
## **3. SUPPORT COSTS**
The support costs include accountancy fees of £760 (2020 £606).
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022. In 2021 the Trustees approved a £2,000 fee to John Richardson for the film Dismantling the Masters House.
## **Trustees' expenses**
During the year, 4 of the trustees claimed expenses (2021 - 4). The trustees claimed travel and related expenditure of £504 (2021 - £372).
## **5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**5.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|---|---|---|---|---|
|||31.12.22||31.12.21|
|||£||£|
||Trade debtor|150||-|
||||||
|**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|||31.12.22||31.12.21|
|||£||£|
||Payments on account||-|1,045|
||Accruals||-|1,233|
|||2,278||2,278|
||||||
## **7. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1.1.22|in funds|31.12.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|44,529|(5,157)|39,372|
|**Restricted funds**||||
|Dismantling the Master House|4,948||4,948|
|**TOTAL FUND**||||
||49,477|(5,157)|44,320|
## **TOTAL FUND**
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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 2022
## **7. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|8,871|(14,011)|(5,157)|
||**____**|**______**|**______**
|
|**TOTAL FUNDS**|8.871|(14,011)|(5,157)|
|**Comparatives for 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**||||
|Dismantling the Master House|150|4,798|4,948|
||_____|_____|_____|
|**TOTAL FUND**||||
||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)|
||**____**|**______**|**______**
|
|**TOTAL FUNDS**|8,250|(11,842)|(3,592)|
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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 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2022|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|272|7,185|
|**Charitable activities**|||
|Membership fees|8,205|7,863|
|Webinar fees|303|-|
||____|____|
||8,508|7,863|
|**Total incoming resources**|**8,781**|**15,048**|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Webinar fees|481|-|
|Administrator expenses|6,590|5,413|
|Committee expenses|1,109|973|
|Sundries|-|70|
|Telephone|-|10|
|Office and IT costs|1,460|1,467|
|Documentary Film|-|2,000|
|Asylum Magazine|839|-|
|Network fees|860|951|
|Journal fees|2,400|2,198|
||_____|______|
||13,938|13,082|
|**Support costs**|||
|**Governance costs**|||
|Accountancy|-|760|
||_____|______|
|Total resources expended|13,938|13,842|
|**Net texpenditure)/ income**|(5,157)|1,206|
This page does not form part of the statutory financial statements
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