## ## |||Page| |---|---|---| |TRUSTEES' ANNUAL
REPORT||1-9| |AUDITORS'
REPORT||10-11| |STATEMENT OF FINANCIAL|ACTIVITIES|12| |BALANCE SHEET||13| |CASHFLOW STATEMENT||14| |NOTES TO THE FINANCIAL|STATEMENTS|15-22| ## ## |Reference|Reference|and Administration|and Administration|Details ofthe Charity, its Trustees and Advisors|Details ofthe Charity, its Trustees and Advisors| |---|---|---|---|---|---| |Settlor||||Frank Bruce Baily Thomas|- died 7January 1997| |Date ofSettlement|||Deed|2 October 1970|| |Trustees||||Mrs Suzanne Jane Marriott,
BA (Hons), Dip Law, TEP, Notary Public|| |||||- Chair ofTrustees|| |||||Emeritus Professor Anne|Ekzabeth Farmer, MD, FrcPsych| |||||Kenneth
Robert Young,
FCA|| |||||Emeritus Professor Sagy-Ann Cooper OBE, Bsc,MBBS,MD, FRCPsych|| |||||Jonathan
Philip Snow, BSc(Hone), ASIP|| |Pnncipal|Address|||c/o TMF Global Services (UK) Ltd|| |||||13w Floor|| |||||One Angel Court|| |||||London|| |||||EC2R 7HJ|| |Registered||Charity|Number|262334|| |Secretary||to the Trustees||Ann Cooper, TMF Global|Services (UK) Ltd| |Solicitors||||Charles
Russell Speechlys|LLP| |||||6 Fleet Place|| |||||London|| |||||EC4M 7RD|| |Administrators
and|||Accountants|TMF Global Services (UK)|Ltd| |||||13'"Floor|| |||||One Angel Court|| |||||London|| |||||EC2R 7HJ|| |Auditors||||FKCA Limited|| |||||260-270 Butterfield|| |||||Great Marlings|| |||||Luton|| |||||LU2 BDL|| |Bankers||||CAF Charity Money Management|| |||||Kings Hill|| |||||West Magmg|| |||||Kent|| |||||ME19 4TA|| ## ## |Reference|and Atlministratlon|and Atlministratlon|Details ofthe Charity, Its Trustees and|Details ofthe Charity, Its Trustees and|Advisors|Advisors|Advisors|Advisors|-|continued|continued|continued|continued|continued||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Investment|Managers|||Artemis Asset Management|||||Limited|||||||||||||||||| |||||42 Melville Street||||||||||||||||||||||| |||||Edinburgh||||||||||||||||||||||| |||||EH3 7HA||||||||||||||||||||||| |||||Baillie Gifford||||||||||||||||||||||| |||||Calton Square||||||||||||||||||||||| |||||1Greenside
Row||||||||||||||||||||||| |||||Edinburgh||||||||||||||||||||||| |||||EH1 3AN||||||||||||||||||||||| |||||Pictet Asset Management||||||||||||||||||||||| |||||PO Box12269||||||||||||||||||||||| |||||Chelmsford||||||||||||||||||||||| |||||CM99 2 EH||||||||||||||||||||||| |||||GuardCap||||||||||||||||||||||| |||||George's Quay House||||||||||||||||||||||| |||||43Townsend
Street||||||||||||||||||||||| |||||Dublin
2||||||||||||||||||||||| |||||Ireland||||||||||||||||||||||| |||||Royal London Asset|Management|||||||||||||||||||||| |||||PO Box9035||||||||||||||||||||||| |||||Chelmsford||||||||||||||||||||||| |||||CM99 2XB||||||||||||||||||||||| |Investment|Consultants|||Stanhope
Consulting||||||||||||||||||||||| |||||36 Portman
Square||||||||||||||||||||||| |||||London||||||||||||||||||||||| |||||W1H 6LR||||||||||||||||||||||| |Structure,|Governance|and|Management|The Charity
is an unincorporated||||||||trust|||constituted||||under||a|trust deed dated||||2| |||||October
1970 and|is a||registered||||||chanty,|||number|||262334.||||The deed settled|||| |||||the Trust Fund as to||capital|||and||income on|||||a|discretionary|||||trust for||apphcation||| |||||to
charitable
purposes||||or||to||charitable|||||institutions||||connected|||with|the|| |||||prevention,
treatment||or||relief|||of||mental|||or|other||forms||o(||illness.|There was||| |||||a twenty-one
year power||||to|accumulate||||||income|||to|2 October||||1991.The Charity|||| |||||does not actively fundraise|||||and||seeks to meet|||||||its charitable||||objectives through||||| |||||the careful stewardship|||ofits existing|||||||resources.||||||||||||| |||||The Trustees have wide|||powers||||of mvestment||||||as though|||beneficially||||entitled.||| |||||A
Charity
Commission|||order||||was|||endorsed||||on|7 August||||2003|giving|the|| |||||necessary
authority||to|the||provision||||||of indemnity||||insurance||||for|the Charity||| |||||Trustees out ofthe|funds of||||the||Charity.|||||||||||||||| ## ## ## ## ## ## ## ## ## ## ## ## |Grant Making Policy, Achievements|Grant Making Policy, Achievements|Major donations
made dunng the year|Major donations
made dunng the year|included:|||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |and Performance|-continued||||||||||| |||General Grants|||||||||| |||Compass Advocacy Network
Ltd|||||||||550,000| |||Towards
Phase 2 development
of|Lislagan
Farm:|||a contribution
towards
the|||||| |||refurbishment
cost of an original stone||cottage.|||||||| |||Friends ofCastlebar School|||||||||638,000| |||Towards
the Castlebar
School
Holiday
Scheme:|||to fund||one|||years'|costs of| |||providing
the holiday clubs for Summer||and Easter|||||||| |||St Rose's Special School|||||||||E35,000| |||Towards
St Martin's
Connect: the|renovation
of||stand-atone||||bungalows
into a||| |||combined
bungalow
complex.|||||||||| |||The Bridge Project|||||||||535,000| |||Towards
the
Triangle
New
Build||development:||capital|||expenditure
for||| |||construction
ofthe buildmg.|||||||||| |||Ability Shetland|||||||||E25,000| |||Towards
Holiday
Provision: service|delivery costs.||||||||| |||Charlie House (Legal name: Grampian||Chgdren's|Respite Care)||||||825,000| |||Towards
Charlie House Specialist Support Centre:|||construction||||costs||| |||Purple Patch Arts|||||||||E25,000| |||Towards
Lifelong Learning
Programmes||«ore programme|||delivery costs||||| |||Research Grants|||||||||| |||University of Glasgow|||||||||5110,000| |||For 22 months
'A feasibility
cluster|randomised
controlled|||||trial||of the|Go2Play| |||active play intervention
for children|with intellectual|||disabilities'.|||||| |||Queen Mary University
of London|||||||||E103,229| |||For 18months
'Sleep and circadian|interactions
with sensory|||||sensitivity|||in adults| |||with intellectual
disabilities'|||||||||| |||Queen's
University
Belfast|||||||||E97,600| |||For 24 months
'Randomised
controlled||feasibility|study and|||exploratory
tnal of|||| |||the Carers-ID intervention:
Supporting||family carers'||mental||health following the|||| |||CDVID-19 pandemic'.|||||||||| |||Ulster University|||||||||E82,732| |||For 18 months
'Improving
hfe expectancy
and quality
of|||||life||for children
born||| |||with
Down
syndrome,
developing|best
practice|||guidelines||||in
response
to|| |||changing
patterns
in diagnosis,
treatment
and survival'.|||||||||| |||University of Plymouth|||||||||E65,783| |||For 14 months
'A novel
way to understand
and|||communicate|||||the burden
of|| |||Antipsychotic
Prescnbmg
for
Adults||across
Speaalist|||Intellectual||||Disability| |||Services
in England
and Wales'.|||||||||| |||The Trustees
are confident
that together
these||||grants|demonstrate||||a
high| |||degree
of public
benefit
in accordance
with
the||||guidance|||published
by the||| |||Charity Commission.|||||||||| |Financial Review|end Reserves Policy|The
grant-making
programme
is|funded
from|||mcome|generated||||from
its| |||investment
portfoho,
distributions|received from||the Provident|||||Fund|and cash| |||drawnd own from investments.|||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Fund| |---|---|---|---| |||2023|2022| ||Note||| |INCOME AND ENDOWMENTS from:|||| |Investment
income|2a|1,461,092|1,535,3E3| |Donations||)20,234|120,234| |Other|2b|311,035|131,957| |Total income and endowments||1,892,361|1,787,554| |EXPENDITURE on:|||| |Cost of raismg
funds|3|110,371|111,332| |Chantable
actiwties|4|2,893,337|2.574,376| |Total expenditure||3,003,708|2,685,708| |NET EXPENDITURE BEFORE GAINS AND|||| |LOSSESON INVESTMENTS||ll,III,34 7)|(898,154)| |Net gains/(losses)
on investments|7|4,704,926|(12,147.016I| |Net gains/(losses)
other||22 063|(3,119)| |NET MOVEMENT
IN FUNDS||3,615,642|(13,048,289)| |TOTAL FUNDS BROUGHT FORWARD||82,824,231|95,872,520| |TOTAL FUNDS CARfllEO FORWARD||86,439,873|82,824,231| ## ## ||||Unrestricted|Fund| |---|---|---|---|---| ||||2023|2022| |||Note||| |FIXEDASSETS||||| |Investment
assets||7|85,402,356|83,612,772| |CURRENT ASSETS||||| |Debtors|||212,538|13,015| |Cash and cash equivalents|||2.779,053|1,140,277| ||||2,991,591|1,153,292| |LIABILITIES".amounts|falling due within one year||(1,571,091)|(1,611,812)| |NET CURRENT ASSETS|||1,420,500|(458,520)| |TOTAL AS5ETS LESS|CURRENT LIABILITIES||86,822,856|83,154,252| |LIABILITIES:amounts|falling due after one year|10|(382,983)|(330,021)| |NET ASSETS|||86,439,873|82,824,231| |Representing:||||| |RESERVES AND FUNDS||||| |Unrestncted
fund|||86,439,873|82,824,231| |Approved
by the Trustees||||| ## ## ||||||||2023|2022| |---|---|---|---|---|---|---|---|---| |Cash Rows from operating|activities:|||||||| |Net cash used in operating|activities|||||13|(2,736,148)|(2,755,463)| |Cash flows from investing|activities:|||||||| |Investment
income|||||||1,461,092|1,535,363| |Proceeds from sale ofinvestments|||||||3,400,000|1,600,000| |Reinvestment
of income and issue of||addioonal||accumulation|shares||(486,168)|(481,043)| |Net cash provided
by investing
activities|||||||4,374,924|2.654.320| |Change
in cash and cash equivalents||in the|year||||1,638,776|(101,143)| |Cash and cash equivalents|at the beginning||ofthe year||||1,140,277|1,241,420| |Cash and cash equivalents|at the end|ofthe year|||||2,779,053|1,140,277| |Represented
by:||||||||| |Current asset investment|||||||2,445,355|508,893| |Cash at bank|||||||333,698|631,384| ||||||||2,'779,053|1,140,277| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2023|2022| |---|---|---|---|---| ||||E|E| |Investment|managers|charges|75,597|79,403| |Investment|consultancy|charges|34,774|31,929| ||||110,371|111,332| ## ## ## ## ## ## |Grants of E20,000and over|Grants of E20,000and over||||commitments|Grants Awarded|Grants peN|Commitments| |---|---|---|---|---|---|---|---|---| ||||||8/F|In the Period|In the Period|4'/F| |Cbaray Nome|||||8|E|4|E| |University
of Glasgow|||||287,844|110,0tkl|257,712|\40,132| |Queen Mary University|of London|||||103,229||103.229| |king's College London|||||64,112|97,902|36,830|125,184| |Queen's
University
Belfast||||||97,600||33,158| |Universrty
of Birmingham|||||185,651|91,902|97,404|180.149| |Ulster Univers
ty|||||22,568|82,732|22,568|82,732| |Rix-Thompson-Rothenberg||Foundation|||35,000|70,00D|70,000|35,000| |Unwersity
of Plymouth|||||85,978|65,783|60,976|90,785| |Compass Advocacy Network||Ltd||||||50,000| |Friends oi Castlebar School||||||38,000|20,000|18,000| |St Rose's Special School||||||35,000||35,000| |The Bridge Project||||||35,COD|2D,DDD|15,000| |Purple Patch 4 ts||||||25,000|25,000|| |Charlie House (Legal name||Grampian|Children'|||25,000||25,000| |Ability Shetland||||||25,000|20,000|5,000| |Catcote Futures||||||20,000|2D,DDD|| |Ren Uk||||||20,000|20,000|| |Rainbow ovine SW||||||20,000||20,000| |Bromley Msricap||||||20,DDD|20,000|| |Swings 8 Smiles||||||20,000|10,0DD|| |Friends Action North East||||||20,00D|20,000|| |Acorn Villages||||||20,000|20,000|| |The Garwood Foundatmn||||||20,000||20,000| |Garva Id Edinburgh||||||20,000|20,000|| |Bedfordshire
Opportunities||for Learning||Disabil||20,000||20,000| |GRANTS 4I120000and|over||||6S1,151|1,152,148|834,930|998,369| |ALL0THEIG|||||1,228,236|1,494,D66|1,756,020|966,282| |TOTAL GRANTS|||||1,909,387|2,646,214|2,590,950|1,964,651| |Grants refunded||||||(21,132)|(21,132(|| |Grants withdravm||||||(50,000(||(50,Dill| ||||||2,%73,387|2,575,082|2,569,818|1,914,651| |Falling due in one year||||||||1,531,668| |Falling due after more|than|one year||||||382,983| |||||||||1,914,651| ## ## |GRANTS BYCATEGORY|||||2023|2023|2022|2022| |---|---|---|---|---|---|---|---|---| |||||||E||E| |Ris-Thompson-Rothenberg||Foundation|- grant making|||70,00D||70,000| |Research projects|||||689,534||935,468|| |Major capital
buildmg/refurbishment
Other capital building/refurbishment|||costs
costs||340,983
51,033||153,750
44,300|| |Major running
costs/revenue||costs|||663,238||600,302|| |Other running
costs/revenue||costs|||448,/98||211,469|| |Equipment
costs||||||38,535||12,000| |Capital building/refurbishment||costs||||26,000||66,500| |Running
costs/revenue|costs||||283,947||337,972|| |Equipment
costs||||||34,056||34,093| ||||||2,646,214||2,465,854|| |GRANTS BY VALUE||||||||| ||||||2023|||2022| |Value||||Total value|No. ofgrants|Total value||No. ofgrants| |||||E|||E|| |E100 - E5,000||||404,732|117||464,154|152| |E5,001 - E10,000
E10,001 - E15,DDD||||641,316
397,822|68
28||213,535
429,234|23
31| |E15,001 - E25,000||||325,195|16||277,302|13| |E25,001 - EBD000||||293,783|6||469,487|9| |E80,001 - E100,000||||583,365|6||612,142|7| |||||2,646,214|241||2,465,854|235| ## ## ## ## |Overhead
and supp|ort|costs were|allocated
between|governance
and char|itable
activitie|s as detailed below:|s as detailed below:| |---|---|---|---|---|---|---|---| |||||||as restated|| |||||2023|||2022| |||||Charitable||Charitable|| |Unrestricted
Fund||||Activities|Governance|Activities|Governance| |||||E|E||| |Audit fees|||||5,934||5,160| |Legal and professional||costs (mc.|expenses)|28,408|64,969|28,257|45,717| |Accountancy
and admrnistration|||(inc expenses)|165,218|37,205|171,028|14,761| |Employers'
liabriity|insurance||||796||774| |Trustees'
indemmty|insurance||||877||761| |Grant assessors'
expenses||||7,309||7,014|| |Trustees' expenses||||67||650|| |Ooctoral interviews||||438||352|| |Bank charges|||||125||124| |yyebsite
development||and hosting||6,874||6,774|| |informatIon
Commissioner|||||35||35| |||||208,314|109,941|214,075|67,332| ## ## ## |Expenses of667(2022 6650)we|re ch|arge|d
by one Trustee (2022 two)|in the year ended 30|September 20| |---|---|---|---|---|---| |||||2023|2022| ||||||E| |Travel||||67|650| |FIXEDASSET INVESTMENTS||||2023|2022| |||||E|E| |Movement
in fixed asset listed|investments||||| |Market value at 30September 2022||||83,612,772|96,878,745| |Less: sale proceeds||||(3,400,000)|(1,600,000)| |Add: acqwsit iona at cost||||486,168|481,043| |Net gams/(losses)
on revaluation|and|disposal||4,703,416|(12,147,016)| |Market value at 30September|2023|||85,402,356|83,612,772| |Histoncai cost ofquoted investments||at|30September 2023|75,237,104|77,476,209| |AR mvestments
are listed on a recognised|||stock exchange.||| ## ## ## ## ||||Market value|Histoncal| |---|---|---|---|---| ||||30rr9/23|value| |Artemis Income (Exclusionsi
Fund|||22,530,213|14,859,765| |Bailhe Gifford Global Alpha Growth|Fund Bacc||15,303,586|15,129,757| |Baillie Gifford Multi Asset Growth|Fund 81acc||14,473,979|16,458,789| |Pictet Multi Asset Portfoho 2 acc|||15,641,862|14,742,187| |RBCGuardCap
Global Equity Fund|||17,452,716|14,046,605| |CURRENT ASSETS||||| ||||2023|2022| ||||E|E| |Accruals
-Taxation reclaim|||89,180|| |- Due from Provident|Fund||108,998|| |- Prepayments|||14,360|13,015| |Royal London 5hort Term Fixed Income Fund||Y Inc|2,445,355|508,893| |CAF Chanty Money Management|||333,698|631,384| ||||2,991,591|1,153,292| ## ## |LIABILITIES:|amounts
|falli|ng due within|one year||| |---|---|---|---|---|---|---| ||||||2023|2022| ||||||E|E| |Accruals|- Charles|Russell Speechlys||LLP|12,761|6,245| ||-AZETS|||||900| ||-Auditor's|fees|||5,676|5,160| ||- Accounting||and taxation|services|2,520|1,009| ||- Investment||managers||18,466|19,132| |Grants|||||1,531,668|1,579,366| ||||||1,571,091|1,611,812| |LIABILITIES:|amounts|falling due after||one year||| ||||||2023|2022| ||||||E|E| |Grants|||||382,983|330,021| ## ## ## ## ## ||||||||2023|2022| |---|---|---|---|---|---|---|---|---| ||||||||6|E| |Net movement|in funds (as per the Statement||||of Financial|Activities)|3,615,642|(13,048,289)| |(Gams)/losses|on mvest ments||||||(4,703,416)|12,147,016| |Deduct investment||income|shown
in investing||activities||(1,461,092)|(1,535,363)| |(increase)/decrease||in debtors|||||(199,523)|273,694| |Increase/(decrease)||in creditors|||||12,241|(592,521)| |Net cash used|in operating||activities||||(2,736,148)|(2,755,463)| |SUMMARY OF FUND MOVEMENTS||||||||| ||||Fund|||||Fund| ||||balances|||||balances| ||||brought||||Gains and|carried| |Fund Name|||forward||Income|Expenditure|losses|forward| |Unrestricted|Funds||82,824,231|1,892,361||(3,003,708)|4,726,989|86,439,873| |Total Funds|||82,824,231|1,892,361||(3,003,708)|4,726,989|86,439,873|