Charity registration number 1182312 Cornpany registration number 117S7792 (England and Wales) THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH LEGALAND ADMINISTRATIVE INFORMATION Trustees And Directors Dr P Bearcroft Mrs A E Templelon Mr N T Hickinson Professor T Minshall (Chairl Ms L Davies Secretary Mrs A E Templelon Charlty number 1182312 Company number 11757792 Registered office Firs1 Floor Iriclory House, wisn Park Chivers Way Hislon CB24 9ZR Independent •xamin•r MTS J Boaffield ACA Ensors Aountants LLP Victory House Vision Park Chivers Way Histon CB24 9ZR
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH CONTENTS Page Trustees, report Independenl examiner's report Sl8lemenl ol financial activities 8alance 8heel Notes lo the financial slalemenls 10-15
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY 2022 The members of the board of trustees and directors present their report and financial slalemenls for the year ended 31 January 2022. The financial stslemenls have been prepared in accordance wlh the accounting policies sel otjl in nole 2 lo the financial statements and comply with the charivs Memorandum and Articles ol Associats'on the Companies Acl 2006 and 'Accounting and Reporting by Charities.. Slalemenl of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland {FRS 1021 leffects've 1 January 20191". Objectives and activities The Trustees have referred lo the Charity Commission's general guidance on Public Benefit when reviewing our aims and objeclives and in planning the charity's future acts'vitses and believe that Ihe aclivilles of the charity cleafly demonstrate a direct public benefit. The charity's purpose is lo protect and Pfomole the heallh of young people through the reduction of the Incidence and severity of mental health illness, and lo reduce the number of young people laking their ¢)wn lives. The purpose is lo be achieved by activities lo improve the translation of research Into innovations that are used in practice and by raising the understanding of suth developments. The trustees 8nd directors have paid due regard Io guidance on publie benefit issued by the Charity Commission in deciding what activities ihe charity should undertake. A¢hF•vemenls and perfomian¢o Background Th¢ charity is a unique organisalion whieh has bèen set up to proteet and promole the mental health of young people, Depression generally. and in young people in parlicular. is a si9nificanl and growing problem. New approaches lo prevention and earty intervenlion are needed lo address the situation. However, the following challenges are inhibiting progr8SS'. 1. Scientific research across the sooal-biologKal•sychologil factors causing depression 15 focused on a range of narrow disciplines. and this has led lo: 'Silos' of knowledge and expertise. b. A lack ofjoined-up understanding of the pa¢hways via which depression develops. A lack of understanding of where in the pathways are the best opportunities lo prevent, predicl, delecl. diagnose causes and Ireat Ihe developing biological condilions. before they become 8 mental health condition. 2. The lack of understanding of where in the pathways are ihe besl opportunities lo Intervene has led lo.. An absence of slralegic approaches lo innovations for prevention and eafly inlervention. b. Such innovatsons. as there are. are piecemeal 'poinl solutions., The choices of any inlervenbcffis lants-depressant5 and CBT) haven't changed in the UK for abovl 30 years 3. The health ecosystem is currently very fragmented with respect to menial and physical health- essenlially ¥0 parallel systems. Mlh GPS largely unable to help significanY people under 18 years old with depression. The health system 11 need to be re-designed and re-c0nf1gud lo deliver preventions and earfy intervenlions for depression. In the United Kingdom. Ihe proposed transition to 'lnlegraled Care Systems, is a welcome development Inlegraled Care Systems IICSSI are partnerships of organisations that come together to plan and deliver joined up heaiih and care services, and lo improve the lives of people who live and work in their area. However, much work will be needed lo define and implement ioine(14Jp approache5 needed lo addre55 the social, biological and psychological aspects ol prevention, diagnosis, managemenl and treatment ol menlal health condilions across the heallhcare. education, charity and wider ecosystem involved in each ICS.
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUAR Y 2022" In addition, the COVID-19 pandemic appears lo be causing more wIdeSpad and potentially severe mentsl health conditions, particularly depression. This appears lo be caused by individuals. stress land the body s stress response) being increased by the pandemic. and increased levels ol chronic immune response caused by the disease, particularfy 'long COVID.. Although COVID Is bringing mental health into sharper focus. il does not change the [uS and priorities of Ihe charity. Summary of Achievements in FY21122 Key accomplishmenis of the chaiity in FY21f22 include the lollowing". The development. writing and publicalion in Seplembef 2021 of 'Ch8nging Hearts. Changing Minds, 8 new approach to Evidence-based appmaches lo the prevention, diagnosis and treatment of depression in young people,. The publication is the result of a 2-year collaborative projecl with the University of Cambridge Inslilule for ManLsfaclunng IllMI and Ils knovledge transfef company Ifm Engage. The project used engineering analysis methods lo 'jorn up, different areas ol research regarding depression. InnovaD'on methods researched by the IIM'S Centre for Technology Management and deployed as workshops by Ifm Engage praclilioners were then used lo genefale and evaluate ideas for early inlervention. The aims ol the project were lo develop the lollowng, which afe descnbed in the publication.. A mullidisc4plinary understsnding Ico-developed with researchers and including sla1, biological and psychological aspects) of how depression develops in young people - notably the key systems. pathways and mechanisms, and how these offer opportunilies for early Inlervenlion. b. Specific opportunities for earty inlerventson. including prevention. prediction, deleclion. diagnosis and Iiealmenl. How the opporlunilies can be applied to sell<are by individuals and their families, the formal healthcare system and the wider mental health support ecosystem. includln9 schools. mental heallh support charities. elc. d. High1evel suggesltons for how the ideas and OPFrf)rtvnities can be taken forward lo creale a beller lulure. 2. The charity has commenced a second picyecl wlh the UnIverty ol Cambndge Inslilule for Manufacluring Ilfm) and ils knowledge transfer company Ifm Engage. This projecl aims lo.. Prioritsse the 200 evidenee-based ideas for innovation$ generated in the prior project, b. Develop roadmaps for the developmenl ol the priority innovab'ons, and Facililale engagement between stakeholders, such as researchers, industry, dinieians. schools, employers and individuals to initiale proiecls for development, piloting and eady adoptlon ol the innovations. 3. Sponsorship of a collaboration betsveen MQ Menlal Health Research. Ifm Engage and the charity to address premature mortality in people with severe menlal illness. This work addresses both suicide and premalure dealh caused by phywcal conditions coijccurring with serious mental health conditions. The project aims lo.. Infom research funding by MQ and other organisabons. Focus on changing people's lives. such as by Iranslalion, Innovation, adopts"on, and implemenlalion slralegy.
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022" Feodba¢k An example of feedback received from heallh care professionals on the charity's collaborative project with the University of Cambridge completed in 2021 lo develop evidenceaSed approaches lo the prevention, diagnosis and development of depression in young people is as follows.. "The aim ol this gmundbakIng pmject lo undersland and addsS the causes oldepression in young people. It shows us a beller fvlure in which we may be equipped to not only Ireal but also reduce, and even prevent, the developmenl of this incxeasingly prevalent. detslilaling and often devastating condilion. 11 brings a fresh approach lo Ihe challenge by u&ng engineenng and Innov81ion managemenl melhods lo engage a broad spectrum of clinicians, academics, nnI81 heallh charilies, schools, induslry and young people and Ih8ir families. Togelher, Ihey have sought lo connect Ihe many different faclcys andpathways implicated in depsOn, IransfrnIng our understanding of how il develops and is expressed. This enhanced undersl8nding will lead lo Ihe development of slralegies and Inlervenlions Ihal can prevent a firsl episode of depression. For those who already have it, Ih8se inlervenlions will help lo restore optimal levels ol funclAoning. leadin9 lo recovery, and for Ihose whosg depression is in ffjmission these inlelvenlions will help to prevent ils recurrence. As well 8s Id8nlifying opportunities for early inlervenlion, the project has also considered where Ihese inlernenlions could be most effectively deployed, whelher Ihrough self-care, heallhcar8 pmvision or community support and care. These clear recommend8tions will help lo improve Ith menlal heallh oulcomes and the qualily of life for millions of young people and Iheir families, while also bolslering resilience over the life course. This will hav6 enormous social and fin8ncial benefits, as well as puttin9 8n end lo Ihe suffering of so mgny young people and their familos. l am proud lo bo 8 part ollhis pmloundly import8nl endeavouf." Dr Jon Wilson Consultant Psychialrisl, Cenlral Norfolk Youth Service, Norfolk and Suffolk NHS Foundation Trusl Future Dev¢lopmenls Ovgrarchlng Siratègic Goals The charity's game-changing approach lo address depression in young people comprises the following steps.. Join up biolotycal, psychological and %)cial research lo understand how depression develops. and idenlify opportunities for prevention and early Inlervenlion. Facililale the engagement of researchers. clinicians, industry, schools, young people and other stakeholders to develop. pilol and implement innovats.ons that help good physiological and psychological lunclioning in the individual, and so enable.. Prevention of firsl-episode depression Recovery from depression People to remain in remission Engage decision makers and ¢Jecision influencers across the health and social care, and wider menial health. ecosysterns to faeiliiate Ihe better configuration ol the syslems, and lo enable more effective prevention and eady inlervenlion. Our current focus is on depression and related conditions, induding anxiety and suicide. As our approach begins to lead to the developmenl and application of innovations, the charity will explore other mental health conditions Ihal may be addressed using ils novel approach.
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022" Progress against Overarching Strategic Goals To dale. the charity has subslanlially completed Slep 1 above, by-. Using engineenng approaches lo 'jan up. biosychoTrsocial research to identify pathway5 by which depression develops in young people. an¢J refining and validatin9 these palhways with researchers speciali5ing in the relevanl disciplines. Working with slakeholders lo identify opportunities. based on the pathways, for prevention and earty inlervenlion. This has resulted in the some 200 eviden¢e-based ideas lor innovations described in Changing Hearts. Changing Minds. Priorities for FY2022-2023 The charity is currently working - using mi)dem innovalion management methods - lo priorilise the some 200 ideas generated in the prior pfojecl across a series of slralegic 'Themes'. These consider opportunitses lor prevention, early deleclion, diagnosis. management and Irealmenl of the condition5 that precede depression. For each Theme, we are defining and validabng wilh siakeholders= A 'Problem to be Addressed. _ this is a short. simple. clear statement that summ8nses the problem Idenlified in Ihe research lileralure andlor by pra¢titsoners. 2. A 'Stralegy' this is a short. simple. clear slalemenl that summafises the approach. 3. 34 '1nilialives' . these are Pfaelieal, hi9h level approaches to effeet the ehange required. The Inilialives incorpofale the evidence-based ideas lor innovalions descrtbed in Changing Hearts, Changln9 Minds. Once we have defined the priority Inilialives. we plan lo work with stakeholders lo develop'roadmaps, defining a 'chosen future, for the initiative. and priority ideas for innovations. These roadmaps will Identsfy projects that are Stepping 51ones that enable progress from the 'currenl slate. lo the chosen lulure. Plan$ lor 2023 onwards Facllltating development, pllotlng and early adoptlon Equipped with Ihe priority Inilialives and their roadmaps. the charity plans to engage researchers. clinicians, industry, schools, young people and olher slakeholders to develop, pilol and roll-oul innovations Ihal help sustain or reslore good physio109ical antl psychological funclioning in Ihe individual, and so enable.. Prevention of firslpisode depression Recovery from depression People to remain in remission Facilitating 'joined up, implementation across the e¢05y5tem Successful Implementation requires a 'joined up. approach lo be taken by the different 'actors' I stakeholder groups acfOSS Ihe ecosystem to deliver the desired oulcomes. For change lo be effective. each stakeholder group needs lo= Understand and 'buy into. their roles {¢onfigured to their lo1 context} In the ecosystem. Develop the competences Iknowledge. skills and behavioursl and capacity needed to fulfil the role, and Oevelop how they link with other actors in Ihe ecosystem. and how they coordinate ath'vities amongst Ihemselves.
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022. The charlty plans lo engage ecosyslem stakeholders le.g. schools, primary care providers, local aulhorilies. employers. care chariliesl In collaborative approaches lo design the ecosystem such that il can that evolve as new innovations bewne available. Longer lerrn, our aspiration is to develop 8 sel of generic ecosystem models- enabled by innovabons in practice and policy - which are configurable for implemenlati¢)n in a wide range of local and nalional conlexls. Flnanclal revlew The charity had income of £36.248 in the year, of which Q8.649 was expended on chariLlble activities. Unreslricled funds al the year*nd amounted lo £64.407. 11 is the policy ol the charily that unreslricled lunds which have not been designaled for a specific use should be maintained al a level equivalent lo between three and six month's expenditure. The Iruslees and directors considers that reserves al Ihis level will ensure that. in Ihe event of a significant drop in funding, they will be able lo continue the charity s current activities while consideration Is given lo ways in which additional funds may be raised. Reserves al Ihe period end amounled to £63,940 which exceeds this largel. As the charity establishes Itself and increases Ils activities il is expected that further expenditure will be incurred. Going concern Al the lime ol approving the financial slalemenls. the Iruslees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. The chanty has considered Ihe impacl ol COVID19 and Ihe impact on ils forecasts and working capital requiremanls lor a period 0112 months Irom the dale of signing these financial stslemenls. Thus. the Iruslees have adopted Ihe going concern basis of accounting in preparing these financial slalements. Structure. govornance and management The charity Is a company limited by guarantee. incofporaled on 9 January 2019 and registered as a charity on 4 March 2019. The company was e51ablished under a Memorandurn of Association which established the objects and powers of the chafitable company and is govemed under ils Arlicles ol Associab'on. The charity is govemed by a board of Iruslees, who meet al least three tsmes a year lo discu$¥ the charity's strategy, including the charity's aclivilies. funding, risk management. policies and performance. The members ol the board of Iruslees, who are also the direclors lor the purpose of company law. and who served during the year and up lo the dale ol signature ol the financial slalemenls were.. Dr P Bearcroft Mrs A E Templelon Mr N T Hickinson Professor T Minshall (Chair) Ms L Davies Subsequent to the appointment of the foL5r Initial trustees. trustees are recruited 8nd appointed using the following process.. A requirement for a Iruslee with particular expertise is ideniifled. A Role Profile is developed, logether with a description of the competences and experience sought The Role Profile is circulated as widdy as necessary lo identify one or more potentially appoinlable candidates. A shortlisl of candidates is selected, intefwewed by the trustees, the preferred eandidale selected, and due diligence undertaken on the candidate_ The preferred candidate is notified of the tru51ees' decision and, by mutual agreement, appointed subject to a Fit and Proper Person's Declaralion.
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022. The trustees and directors have assessed the major risks to which the charity is exposed. and are satisfied that systems are in place lo miligale exposure lo the major risk5. A risk management register has been adopted. which is reviewed by Ihe Iruslees at least annually. None of the trustees and directors have any beneficial inleiesl in the company All ol the Iruslees and directors are members of Ihe company and guarantee lo contribute £1 in the evenl of a winding up. The day lo day opefalions of the charity are handled by its Founder. Mr Peter Templelon. There are presently no employees. A small number ol volunteers are overseen by Mr Templelon, as is work by third parly suppliers. IAr Templeton reports lo the Board of Trustees. Conclusion and Thank You The Iruslees would like lo thank the many individuals who have supporteil Ihe chanty's work since its inception, inrjuding the remarkable individuals who have organtsed in¢Jividual fundraising events on behalf ol the charity. All of the charity's donors have been critical to the formation and development of the charity, helping it suc$$fullY lo reach milestones and lo contribute lo Ihe translation ol research into innovations for the bettefmenl of young people's mental health.
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND DIRECTORS OF THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH I report lo the Iruslees and directors on my examination of the financial statements of The William Templelon Foundation for Young People's Mental Health (the charity) for the year ended 31 January 2022. Responslbllltles and basls of report As Ihe trustees and directors of the charity lan(J also its directors for the purposes of company lawl you are sponsible for the preparation of Ihe financial stalemenls in aCrdanCe wlh the requirements of the Companies Act 2006 Ilhe 2006 Act). Having satisfied myself that Ihe financial slalements of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible lor independent examination, I report in respect of my examination of the charity's financial slalements Carried out undef section 145 of the Chafilies Act 2011 Ilhe 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under Section 14515llbl of the 2011 Act. Independent examlner's statement I have completed my examination. l ¢onfimi that no matters have come lo my allenlion in connection with the examination giving me cause lo bel*ve Ihal in any malerial respect.. accounting records were not kept in respect ol the charity as required by seclKJn 386 of the 2006 Act., or the financial slalgmenls do not accord with those records.. or the financial slalemenls do not comply wilh Ihe accounting requiroments of section 396 of the 2006 Act other than any requirement Ihal the accounls give a true and fair wew which is not a maller considered as part o18n independent examination.. or the financlal slal&rnenls have not been prepared in accordance with the methods and Pfinciples of the Slalement of Recommended Practi lor accounting ènd reporting by chanlies applicable lo charitiès preparin9 their accounts in accofdance with Ihe Financial Reporting Standard applicable in the UK and Republic of Irgland IFRS 102). I have no concerns and have come across no other Matte in conneclion with the examination to which attention should be drawn in this report in order lo enable a proper understsnding ol the finanaal stslemenls lo be reached. Mrs J Boattield ACA Ensofs Accountants LLP Victory House Vision Park Chivers Way Hislon CB24 9ZR Dated..
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2022 Unr•strS¢ted Unr&strictad funds funds 2022 2021 Notes Incomè from: Donations and legacies 36,248 43.963 Ex •ndlluro on.. Charitable activities 26,649 34,117 Nèt Incom• for tho y•arl Net movement in funds 7,S99 9,846 Fund balances al 1 February 2021 56,808 46,962 Fund balancos at 31 January 2022 64,407 56,808 Thè slalemenl of financial activities includes all gains and lossès recognised in the year. All income and expendilure derive from continuing activities. The statement ol financlal activilies also complies wlh the requirem8nls for an income and expènditure aceounl under the Companies Act 2006.
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH BALANCE SHEET AS AT31 JANUARY2022 2022 2021 Notes Flxéd assets Tangible assels 467 Current asset$ Debtors Cash al bank and in hand 10 739 65.099 339 59,143 65,838 59,482 Credltors.. amounts falllng du¢ wlthln on9 year 11 11,8981 12,6741 Nel current assets 63.940 56,808 Total assets less curronl liabiliti•s 64,407 56,808 Income funds Unreslricled lunds 64,407 56,808 64,407 56,808 The company is enlilled lo the exemption from the audit requirement contained in section 477 01 the Companies Act 2006. for the year ended 31 January 2022. The directors 8cknowledge their responsibilities for complying with Ihe requirements of the Companies Act 2006 with respect lo ac¢ounlin9 rewrds and the preparatn ol finala1 slalemenls. The members have not required the company lo oblain an audit of ils financial stslemgnts for the year in question in aG¢ordan¢e with section 476. These financial slalements have been piepared in accordan wlh the provisions applicable lo companies subject to the small companies Tegime. The financial slatements were approved by the Trustees And Directors on /Oafy Professor T Minshall (Chairl Tru$t•• Company roglstratlon numb•r 11757792
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH BALANCE SHEET (CONTINUED) ASAT31 JANUARY2022 Critical accounting estimates and judgements In the application of the charity's accounting poliues. the Iruslees and directors are required lo make judgements, estimates and assumptions about the carrying amount ol assets and liabilities that are not readily apparent from other sources. The eslimales and asso¢ialed assumplions are basèd on historical experience and other factors Ihal are considered lo be relevant. Actual re$LFlts may differ from these eslimalès. The estimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in Ihe pefio¢J in which the esbmate is revised where the revision affects only thal period. or in the period of Ihe revision and future periods wherè the revision affects t)olh current and future periods. Ac¢ounling poli¢i•s Charity information The William Templeton Foundation for Young People's Mental Health Is a private company Ilmlled by guarantee incorporated in England and Wales. The regislered office is First Floor. Viclory House, Vision Park, Chivers Way. Hislon. CB24 gZR. 2.1 Accountlng ¢onventlon The financial slalemenls have been prepared in accordance with Ihe charivs Memofandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Stalemènl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191.. The eharily Is a Public 8enefil Entity as defined by FRS 102. The charity has taken advantage ol the provisk)ns in the SORP lor charities applying FRS 102 Update Bulletin 1 nol lo pr8pare a Slalemenl of Cash Flows. The financial slalemenls are prepared in sterfing. Nthich is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded lo the nearesl £. The financial slalemenls have been prepared undgr Ihg hislorical wst convention. Imodified lo include the revaluation ol freehold properties and to Include investment propenies and certain financial instruments 81 fair valuel. The principal accounting policies adopted are sel oul below. 2.2 Going concern Al the lime ol approving the financial slalemenls, the Iruslees and diTeclors have a reasonable expectation that the ¢harily has adequale resources lo continue in operational existence for Ihe fofeseeable future. Thus the trustees and dir6ctors continue lo adopi the going concem basis of accounting In preparing the financial slalements. Ther9 are no malerial uncortainlies about the enlilys ability to continue. 2.3 Charitable funds Unrestricted funds are available for use al Ihe discretion ol the twstees and directors in lurtherance of their charitable objectives. Reslricled funds are subject to spe¢ifi¢ ¢ondilions by donors as to how they may be used. The purposes and uses of the reslricled funds are set out In the notes to the financial ststemenls. 2.4 Income Income is recognised when the charity is legally entitled lo it after any performance conditions have been mel, the amounts can be measured reliably. and it is probable that income will be received. 10-
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY2022 Ac¢ountlng policles Icontlnuedl Cash donations are recognised on reipl. Other donations are recL)gnised once the charity has been notified of the donation. unless performance Condilions reouire deferral ol the amount. Income tsx recoverable in relation lo donations received undeT Gift Aid or deeds ol covenant is recognised al the lime of the donation. Expenditure is recognised once there is a legal or nStruCtive obligalion lo transfer economic benefit to a third party, il is probable that a liansfer of economic benefits will be quIred in selllemenl. and the amount ol the obligation can be measured reliably. Expenditure is classrfied by activity. Thè costs of eath activity are made up ol the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated direclly lo that activity. Shared costs which contribute lo more than one aclivily and support costs which are nol allribulable lo a single activity are appO.oned belween those activities on a basis consistent with the use of resources. 2.5 Tanglble fixed assels Tangible fixed assets are inilially measured al cost and $ubsequenlly measured al cost or valuation. nel ol depreeialion and any impairment losses Depreciation 15 reco9ni5ed so as lo write off the eost or valuation of assets less their residu81 v8lues over their useful lives on Ihe following bases.. Computers StTaighl line depreciation over 3 years The gain or loss arising on the disposal ol an assel is determinod as Ihe difforgnce befv48on the sale proceeds and the carrying value of the asset, and is recognised in the slalemenl ol financial activities. 2.6 Impairment of fixed a55ets Al each reporting end dale, the charity reviews the carrying amounts of its tangible assets lo determine whether there is any indication that Ihose asseis have suffered an smpairmenl loss. If any such indication exists, the recoverable amounl ol Ihe asset is esiimaled in order lo determine the extent ol the impairment loss Irf any). 2.7 Cash and ¢a$h equlvalent$ Cash and cash equivalents include cash in hand. deposits held al call with banks. other short-lem liquid investments with original malurilies of three months or less, and bank overdrafts. 2.8 Finan¢lal Instrum•nt$ The chaiily has elected lo apply the provisions of Section 11 'Basic Financi81 Inslrumenls, and Section 12 'Other Financial Instruments Issues. of FRS 102 lo all of rts financial instruments. Financial inslrumenls are recognised in the charilvs balartce sheet when the chanty becomes party lo the conlraclual provisions of Ihe instrument. Financial assets and liabilities are offsel, with the nel amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net ba515 or lo realise the a5sel and settle the liability simLFltaneously. 11
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022 Accountlng poll¢le$ {Contlnuadl Basic financial ass•ts Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequenlly c8rried at 8mortised Cost using the effective interest method unless the arrangement constitutes a finanang transaction, where the transaction is measured al the preser)t valve ol the future receipls discounted al a mathel iale of interest. Financial assets classified as receivable within one year are not amortised. Baslc linan¢lal Ilèbllltles Basic financial liabilities. including creditors and bank loans are initsally recognised al transaction price unless the arrangement conslilules a financing transaction. where the debl inslrumenl is measuTed al the present value of the future payments discounted al a market rale ol interest. Finanal liabilities classified as payable within one year are nol amortised. Debt instruments a subsequently carld al amortised cost. using the effective interest r8le method. Trade creditors are obligations lo pay for goods or services Ihal have been acquired in th8 Ofdinary course of operations from suppliers. Amounts payable are classified as current Iiabililies Il paymènt is due within one year or less. If not. they are presented as non-cuffenl liabililies. Trade credilors are recognised initially al transaction price and subsequently measured al arnortised cost using the effective Interest method. Der•¢ognitlon of flnan¢lal liabilities Financial Iiabslilies are derecognised when the charity's contraclual obligations expire or are discharged or cancelled. 2.9 Contribution of unpaid general volunteers The charity is supported by a number ol general volunteers. In particular, voluntèers are involvèd in carrying out the day-lo-day running ol the charity and in fund raising. In accordance with Ihg Charilies SORP. income is not recognised in relalion lo the Services provided by 9eneral volunteers. Donatlons and lega¢i•s Unrestricted Unreslricled fund$ funds 2022 2021 Donalions and gifts 36.248 43,963 12
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022 Charitable activitie$ Project fundin9 2022 Research Associate 2021 Training Events Website and promotion Project costs 61 699 5.984 825 11,906 1.537 13,443 7,%9 Grant funding of acts'vilies (see nole 51 10,000 21,708 Share of support C05151see note 71 Share of governance costs Isee rte 7) 3,516 1,690 2.120 2,720 28,649 34,117 Grants payable Project funding 2022 Research Associate 2021 Gr8nls lo instilulions11 gr8nll'. Cambridge University MQ.. Tfansforming Mental Heallh 21,708 10.000 10.000 21,708 Trustee$ And Directors The Founder. who Is the spouse of one of the Iruslees. was reimbursgd for expenses amounling lo £1,911 in respect of marketing costs. No Iruslees were reimbursed for expenses during the period. 13
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022 Support Costs Support Governance costs costs 2022Support costs Governance costs 2021 Computer costs Travelling expenses Subscriptions Printing, postage and stationery Rent Literature Depreciation Sundry 670 670 270 144 216 270 911 216 872 872 864 586 720 131 586 720 131 133 66 133 66 53 53 Independent examinerfs fees Other financial services Legal and professSon81 1.440 1.440 1.SOO 720 500 1,SOO 720 500 250 250 3,516 1.690 S.206 2,120 2,720 4,840 Analysed between Charitable activities 3,516 1.690 5,206 2.120 2,720 4,840 Employee5 There were O employees during the year. There were no employees whose annual remuneration was £60,1)00 or mo. Tanglble flxed ass•ts ¢¢mput•r• Cost Additions 600 Al 31 January 2022 600 Depreciation and impairnient Depreciation charged in Ihe year 133 Al 31 January 2022 133 Carrylng amount Al 31 January 2022 467 14
THE WILLIAM TEMPLETON FOUNDATION FOR YOUNG PEOPLE'S MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022 10 Debtors 2022 2021 Amounts falling due within one year- Other debtors Prepayments and accrued income 500 239 339 739 339 11 Crodltor$: amounts falling due withln on• y•ar 2022 2021 Trade creditors Other credllors Accruals and deferred in¢om¢ 408 406 1,860 302 1.51 1,898 2,674 12 Relat•d party transactlons There were no lurthèr disclosable related party transactions during the year. other than as disdosed in note 6. 15-