THE A%OCIATION FOR P05r-NATAL ILLNESS FINANCIAL STATEMENt5 FOR THE YEAR ENDED 31 MARCH 2023 BOYDELL & CO Chartered Accouiitaiits 146B Chiswick High Road London W4 IPU Registered Charity nUmr. 280510
CONTENTS Report of the Trustees Investment policy statement Auditors, report 11-14 Statement of financial activities 15 Balance sheet 16 Statement of cash flows 17 Notes to the accounts 18-23
THE ASSOCIATION FOR posr-NATAL ILLNESS ANNUAL REPORT OF THE TRusfEES LEGAL AND ADMINISTRATIVE DETAILS The Association for Post-Natal Illness is an unincorporated association, and its Governing Document is its Rules adopted on 30 June 1980. The Association obtained charitable status under Section 4 of the Charities Act 19f) from the Charity Cornmissioners on 4 August 1980 under registration number 280510. Registered office- 145 Dawes Road Fulham London SW6 7EB Bankers: CAFCASH Ltd Kings Hill West Malling Kent ME19 4TA HSBC Bank PIC 593-599 Fulham Road London SW6 SUA National Westminster Bank PIC 67 High Street Sevenoaks Kent TN13 IJY Investment Manager: Adarn aiid Coinpany 40 Princes Street Edinburgh EH2 2BY Auditors.. Boydell & Co Statutory Auditors and Chartered Accountants 146B Chiswick High Road Londoii W4 IPU
THE AWCIATION FOR POST-NATAL ILLNESS ANNUAL REPORT OF THE TRUSTEES CONTINUED Ob'ects of the Association The relief of women suffering from post-natal depression or conditions of severe or prolonged depression or related illness arising from pregnancy which threatens their mental or physical health or emotional stability and the promotion of research into post-natal depression or illness and the dissemination of the results thereof. Review of Activities The Association's current membership comprises 485 volunteers and 20 depressed mothers receiving support. There are 956 paid up members of the supporters. scherne. During 2022, 22 mothers became well asain and no longer needed volunteer support. The Association offers support via e-mail and at present over 460 volunteers are willing to provide this valuable source of help. The Association receives between 2-5 letters per week aloiig with 3- 6 phone calls per day and 5- 10 e-mai15 per day depending on publicity in the media. During the year there were 17 people who used the live Chat facility we offer. The APNI has 1,374 followers on Instagram aiid our Facebook page has 1.800 followers. Siobhan posts on these sites and the posts are cheering and positive. Jenny Weeks wrote the Autumn 2022 newsletter that was sent to our metnbers. The office is staffed by Siobhan Merrifield, Jenny Weeks. All Hutton and Margie Smith. Alice Hutton does all the bookkeeping for the charity and contacts the Just Giving donors. The staff have mainly been working remotely durins this year. Diane Nehme works from her home. The staff can remotely access the APNI email and answer the phone. Siobhan has kindly visited the offtce to ensure all is well and pick up post. Mr ana Mrs e's Charitable Settlement In April, July and October 2022 the Trustees generously donated £5,(K)O for our core costs. The total donated during this financial year was £15.0(K). These geiierous donations from Mr and Mrs J.A. Pye's Charitable Settlement have made a very positive difference to the work of the organisation throughout the year. We have been advised by the Trustees that they will iiot coiitinue to doiiate on a quarterly basis to the Association after the transfer of funds from the Pye Charitable Trust to the Association for Post-iiatal Illiiess account with an Investment firm nominated by the Pye Trustees. We were informed that the Pye TTUStees would consider giving further funding to the Association if they felt it was needed. The Pye Charitable Trust has been a pivotal donor to the WOTk of the APNI since 1985. It is unlikely that the Association would still be functioning without the fiiiaiicial support of the Trustees over 38 years.
THE ASSOCIATION FOR POST-NATAL ILLNE ANNUAL REPORT OF THE TRUSTEFS CONTINUED Mr Craham Christo her eLe In the spriiig of 2022 we were iirformed that the Trustees of Graham C. Pye's Legacy had decided that we should receive the total amount of the legacy on coiidition that this sum (£1.4 million) was tnvested with the same Investment firm used by The Pye Charitable Trust. Our Committee were then tasked with creating a Finance Sub-committee which could liaise with the Investment firm, and also to create a bespoke Investment Policy Statement which would comply with the rules and regulations of the Charity Commission. The Finance SuL>Committee was formed and a new Investrnent Policy Statement was adopted with the full support of the Committee of the organisation. Once these matters had been arranged the Trustees were informed and on 24th November 2022 the investment firm, Canaccord Cenuity reported that the funds (£1.4 million) had been received into the account that had been created with them for The Association for Post-natal Illness. Our contact with the fund is Mr Tim Wishart who works for a subsidiary of the main compaiiy called Adam aiid Company. TheD ers, Com Charitable Trust In March 2023 we received £2,0(K) from the Dyers. Company Charitable Trust. We are very grateful to the Worshipful Colnpany of Dyers, for this very generous donatioii aiid for their Support which has assisted our work for many years. an In Memo Donations Mr David Hamblett gave £250 in memory of his wife Sheila Hamblett who worked for APNI for many years. In November 2022 we received £277.59 in memory of Mrs Edna Jury. Roger and Clare Delpech had earlier attended the funeral of Mrs Jury who had, over several decades, raised inoi)ey for The Association by giving talks about musical theatre. Mrs Jury never accepted a fee for these talks but would ask for a donation to be made to our organisation instead. She raised many thousands of pounds in this way and was a wonderful supporter of our work. Edna's daughter Sue Dilworth sang, most beautifully, at her mother's funeral. Mrs Jury was a remarkable woman aiid will be missed by many people as well as her family and frieiids. onsored Event Thaiik you to <111 these generous people who have raised money for APNI, often by completing amaziiig personal challenges. This year Foxlake Adventures Ladies Night bake sale on the 22JMI August 2022 raised £175.00.
THE ASSOCIATION FOR POST-NATAL ILLNFSS ANNUAL REPORT OF THE TRUSfEES CONTINUED orters Scheme Ii) aulunui 2022 we sent a letter to Supporters saying that we understood if they did not feel able to make their annual donation of £5 due to the great increase in the cost of living. Iii response our Supporters donated the huge sum of £5.782 from November 2022 to the end of January 2023. Among these generous people Robert and Lynette Craig donated £1,500. Dominique Taillandier gave £50. Martin and Christine Keiffer save £200, Julie Vile gave £500, Mrs Eileen Blood gave £100. Andrew and Donatella Dickson gave £150. J. Wheeler gave £lOO. Mr B. Dalby gave £100, K. Wells save aOO. Mr J. Whitehead gave £l(X). Mr B. Chapperlin gave £50. Mrs Jackie Da Costa gave £30. Mis Miriam Nicholls gave £50, Mrs Sue Dilworth gave £50, F. Eustace gave £50. J. Newbury gave £50, M. Fulton gave £50 and M. Tucker gave £50. Covenant Donations Many of our donors give a monthly amount and have been loyal supporters of the work of the Association for years. We are deeply grateful to these donors for thetr highly valued regular support. These donors include Emma Stabler, Dr Jennifer Barna, Juliet Mahrous. Jeff and Liz Robinson, Stephanie Ryland, Stella Giblett. Mrs Aiigela Crockatt, Elizabeth Daeth, Elizabeth Taylor, Tony Churchill, Alison Wilson, Alison Rose, Pamela Smith, Hilary Dale, Lucy Gibson. Johanna Broome, Matthew Evans and Rachel Fenwick. Fundraisin Roger Delpech has continued to appeal to charitable Trusts on behalf of APNI. The donation from The Dyers Company Charitable Trust was the result of his work. The Associatioii is very grateful to Roger for his work in this competitive field. Web Site The Web site has proved to be very popular during the year. Total visits to the site during 2022 were 17,897 (17,654) There were 34,815 (28,777) pages viewed. The most popular pages are the booklet Post-natal depression and Need Help Now. Of the people who reach the site 64.8% came directly. 17% came via an Organic search such as Google. 15.7 came by Referral from another site and 1.7% came via Social media such as Facebook etc. The Web site is updated with special information wheiiever possible particularly the home Pcige. Fuiidraising events clnd photographs of eveiit partÈcipants are posted oli the website. Our profound thanks to Richard HTndle of Webwax Ltd who maiiitaiiis the website.
THE ASSOCIATION FOR POST-NATAL ILLNESS ANNUAL REPORT OF THE TRUSTEFS CONTINUED HMRC No repayments were applied for, nor received. during this fanCIal period. We receive Gift Aid automatically on donations made via Just Giving. Publications Our publications numbers are now improving and we have re-instated a procedure whereby all new clients who give us a contact address are sent a free copy of the Post-natal Depression booklet. The Bab Blues and Post-natal De ression The new Baby Blues leaflet was launched early in 2020. Since then it has had to be altered several times to take account of Covid-19 restrictions etc. A new version was produced in the spring of 2022 acknowledging the generous support of Mr Graham Pye in providins this publication either free or at very low cost. Graham C. e's Leaflet Pro ect 2022-23 In September 2022 an advert15ement appeared in the Midwive5 Chronicle which offered midwives a free supply of The Baby Blues. This is a leaflet with which many midwives are now familiar. There was a further insertion in the same magazine which came out iii November which was the Christmcis issue of the publication. Following the first appearaiice of the advertisement 34,200 leaflets were ordered and distributed. After the second advertiseinent 9,200 leaflets were ordered and distributed. In total 43,400 leaflets weTe sent out to 29 different addresses. The project costs were the advertising cost £3,130 and the printing cost £4,086. The total cost of the project was £7,216. Post-natal De ression The long- awaited revised version of our booklet for depTessed mums entitled 'Post-natal Depression, was published in July 2022. The text had gone live on the APNI website in May 2022. The language in the booklet has been modernised and is hopefully less didactic. The word 'mums' has been substituted for 'mothers' throughout the publTcatioii. Some alternative ther<ipies which have been approved by medical editors of earlier editions met with c0115iderable opposition in this edition. A client contacted our office and wrote in her email ' The description of PND on your 51te is the most accurate portrayal I have read aiid feeling understood is such a big comfort when you're ii) such a bad place. Just feeling very exhausted after 10 months of this and in iieed of any support I can get. Thank you iii advance..
THE AcIATIoN FOR posr-NATAL ILLNESS ANNUAL REPORT OF THE TRusfEES CONTINUED Database Pro ect Jeiuiy Weeks and Alice Hutton identified what was needed ld iiiterviewed a number of software prOdUrS on behalf of APNI. They chose Mr Tuppeny after much consultation about this project. The new database seems to be working very well and we are indebted to Jenny aiid Alice for their hard work on this project. The main bulk of the work was done during March 2022 and cost £5,292. Following this there were several matters which needed amending or changing on the database and these revisions cost a further £2,376. The organisation needed to provide laptops to its staff plus a tower to run the database from, this cost £3,103. Total costs to date are £10,771. Publici In March 2023 Metro digital newspaper made a video of Molly Mae (a social influencer) and included the APNI as a credit at the end. Meetin s attended b APNI staff On 6th December 2022 Margie attended a Newpin meeting in London. On 23id February 2023 Alice and Margie attended a Wellbeing day held at Pirbright Ariny Training Barracks in Surrey. Siobhan has beeii attending moiithly Advanced Mental Health Equality Collaborative meetings at The I£oyal Collese of Psychiatrists to give specialist advice to the working groups around the country. Siobhan did an online talk with a Power Point presentatioii to student Midwives 011 16th February 2023. The following were Trustees of the Associatioii for Post-Natal Illness and who held office during the year 2022/23 as members of the Committee: ProEessoT Vivette Glover President Mr David Clarke Mr5 Clare Delpech Mrs Diane Nehrne Chairmaii Treasurer Secretary Dr Raj Persaud Mrs Liz Wise Dr Victoria Farrow Robert Evaiis (appointed 27 July 2022) On 31 July 2023 the Association's new registered address became: 1st Floor Fulhain Park House IA Chesiltoii Road Fulham Loiidon SW6 SAA
THE ASSOCIATION FOR POST-NATAL ILLNESS ANNUAL REPORT OF THE TRUSfEES CONTINUED STATEMENT OF TRUSTEFS, RFSPONSIBILITIES Charity law requires the Trustees to prepare financial statements for each fiiiancial year which give a true and fair view of the state of affairs of the Charity and of the result of the Charity Eor that period. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is iiiappropriate to presume that the Charity will continue in business. The Trustees are responsible for maintaÉning proper accounting records which disclose with reasonable accuracy at any time the financial positions of the Charity and to enable them to ensure that the fiiiancial statements comply with the Charities Act 2011. They are also re.%poiisible for safeguarding the assets of the Charity aiid hence for takiiig reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees have adopted Financial and Operational Procedures to provide guidelines to Trustees with regard to managenient, control and reporting on the quarterly perlorrnance of the APNI. The Trustees are respoiisible for the maintenance and integrity of the Charity aiid financial information included on the Charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. Each of the persons who is a Trustee at the date of approval of this report confirms that, so far as each Trustee is aware, there is no relevant audit iiiformation of which the Charity's auditOT is unaware, and the Trustees have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the Charity s auditor is aware of that information. The Board undertakes regular skills audits in order to identify gaps. Potential trustee.s are then ideiitified and approached. All prospective trustees are iiiterviewed by the Chair who then makes recommendations to the full Board. The APNI Board Trustees have the overall legal responsibility for the Charity including the general control and managemeiit of the adiniiiistration of the Charity. The organisation has a managemeiil team led by the Treasurer who take day to day responsibility for all aspects of operational delivery of the Charity's work. APNI'S Treasurer is respoiisible for HR and ensuring that its policies are reviewed on a regular basis by the Board. All Trustees on appointment are issued with information relatiiig to the history of the Charity and pointed to its policies and procedures. Trustees are also issued with a copy of "The Essential Trustee" informattoii provided by the Charity Commissioii. On belalf of he Trustees 13 Flov 2023 Diane Nehmé Secretary
THE AOCIATIoN FOR POST-NATAL ILLNFSS INVESTMENT POLICY sfATEMENT Introduction 1.1 The Association for Post-natal Illness is an unincorporated association, and its Governing Document is its Objects and Rules adopted on 30 June 1980. The Association obtained Charitable Status under Section 4 of the Charities Act 1960 from the Charity Commissioners on 4 August 1980 under registratton number 280510. 1.2 The financial object of the As%)ciation is to fund its work offering advice, support and information to women who suffer from post-natal depression. 1.3 The Trustees will delesate decision making relating to investment matters to The Association Chairman and Treasurer plus one other Trustee advised by the Investment Fund Maiiaser. Investment Objectives 2.1 The Association seeks to produce the best financial return within an acceptable medium level of risk. 2.2 The investment objective for the reserves is to generate a return of infiation plu5 3°% per aniium over the long term, after expeiises. This should allow the Associatioii to at least maintain the real value of the assets and to produce an incorne for the organisation. Attitude to Risk 3.1 The key risk to the value of the assets of the Association is infiation. The assets should be invested to mitigate this risk over the long term. The Trustees understand that this is likely to meaii that investment will be concentrated in real assets aiid that the capital value will fluctuate. 3.2 Assets The Association's assets can be invested widely and should be diversified by asset class and by security. Asset classes could include bonds. equities, property, private equity and commodities and any other asset that is deemed suitable for the charity. The Association will retain some assets as Reserves which can be easily accessed in a Deposit Account with Charities Aid Foundation. Some of these Assets may be iiivested iii short term funds via CAF Charity Deposit Platform. There may not any investment in any company involved with the developmeiit or production of pharmaceutical products as this would coifflict with the Association's Objects and Rules. 3.3 Currenc The base currency of the investment portfolio 15 Sterliiis. Liquidity Requirements 4.1 Income from the reserves will be paid to the charlty in quarterly amounts of £10,000 any extra income can go to increase the assets of the Association. 4.2 Any assets required by The Association for Post-natal Illness will be paid only into the Current Account of the charity.
THE ASSOCIATION FOR posr-NATAL ILLNESS INVEsfMENT POLICY STATEMENT CONTINUED Time Horizon 5.1 following withdrawal of the quarterly income payments, it is anticipated that in most years no further reserves will need to be realised. Ethical Investment Policy 6.1 The Assockation has adopted an ethical investment policy to ensure that its investments do not conflict with its Objects and Rules. It is hoped that the young women who are given support will go on to live long and healthy lives. 6.2 The Association's ethical investment policy precludes direct or indirect investmeiit in companies that have any connection with the productioii or sale of pharmaceutical drugs. 6.3 The Association's ethical investment policy precludes direct or indirect investment in any form of nuclear generated energy or the building of nuclear power plants. 6.4 The Association's ethical investment policy precludes direct or indirect investment Èn any business based in China, Russia, Japaii or North Korea. This relates to the violatioii OE human rights in these countries. Management, Reporting and Monitoring 7.1 The Association has appointed Adam and Company to manage the funds on a discretionary basis, in line with the investment policy. The Association has nomiiiated a list of authorised signatories, three of which are required to sign any instructions to the investment manager. 7.2 The investment manager will provide the following information at the end of each quarter. This will include valuation of investments, transaction report, performaiice analysis and commentary. 7.3 The charity Chairman, Treasurer and one other Trustee have responsibility for agreeing strategy and monitoring the invested assets. The charity Chairmaii, Treasurer and oiie other Trustee will perform the role of the charity Finance Committee. The Finance Committee will review the information provided by the iiivestment manager following each report. The informatioi) given by the Investment manager on 31st March will be that reported in the Annual Report and Accouiits of the Association. 7.4 No Trustee of the charity may serve on the Finance Comrnittee if they receive paymelit froin the chcirity ii) another capacity. 7.5 Performance of the investment portfolio will be measured against infiatioii and its investment objective. 7.6 If the charity ceases to function the invested assets shall returned to Mr Grahain C. Pye's Will Trust or if this Trust has beeii fiiiali5ed. then to the Pye Charitable Settlemeiit.
io. THE ASSOCIATION FOR PT-NATAL ILLNESS INVFSTMENT POLICY STATEMENr CONTINUED Approval and Review 8.1 This Investment Policy Statement was approved by the full Committee of the Associatioii for Post-natal Illness to provide a framework for the rnanagement of its reserves. This Investment Policy will be reviewed on an annual basis to ensure continuing appropriateness. Apprni'ed by the Finance Commlttee D¢ilLd: t)i)li,d: 171Tr) 10.. l.)-IlL'(4= qloslii Ilil()17lLcI l)y Ilie CoiiiiiiillL'L' uf ilie Ass()riatiDn Uiile of ftrlLDL.liiig: 271111122 I<Llc".rLIIIL, fvliniilL': LGh.I h,liiiulL'* I?<ifiigrilpII
INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF THE ASSOCIATION FOR POST-NATAL ILLNESS Opinion We have audited the financial statements of The Association for Post-Natal Illness {the 'charitable association,) for the year ended 31 March 2023. which comprise the Statement of Financial ActLVlties, the Balance Sheet, the Statement of Cash Flows, and related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 tlie Fiiifincifil Reporting Stundord fipplicable in tlie UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable association's affairs at 31 March 2023 and of its incoming resources and applications of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the Charities Act 2011 together with the Charities SORP (FRS 102) Basis for opinion We conducted our audit in accordance with liiternational Standards on Auditing UK (ISA5 {UK)) alid applicable law. Our responsibilities under those standards are further described in the Auditors. respoiisibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financi(11 statements li) the UK, including the FRC'S Ethical Staiidard - Provisions Available for Audits of Small Entities. aiid we have fulfilled our other ethical Tesponsibilities in accordance with these requirements. We belkeve that the audit evideiice we have obtained is sufficielit and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the fiii<incial statements, we have concluded that the Trustees, use of the goiiig concern basis of accouiiting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not ideiitified any material uncertainties relating to events or conditions that. individually or collectively. n]ay cast sisiiificaiit doubt on the charitable associcltion's ability to coiitinue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going coiicern are described in the relevant sections of this report. Other information Tlie Trustees are responsible for the other information. The other information comprises the informcltion included in the Trustees, Annual Report. other than the fii)ancial stateineiits aiid our auditors, report thereoii. Our opinion oli the financial statetnents does not cover the other information and, accept to the extent otherwise explicitly stated in our report, that we do not express any form of assurance conclusion thereon.
12. INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF THE ASSOCIATION FOR POST-NATAL ILLNESS CONTINUED Other information (continued) Iii coniiectioii with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the fiiiancial statements or a material misstatement of the other information. If, based on the work we have perEormed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Charities Act 2011 In our opinion, based on the work undertaken iii the course of the audit: the information given in the Trustees. report for the financial year for which the finaiicial statements are prepared is consistent with the financial statements,. and Matters on which we are required to report by exception In the light of our knowledge and understai)dii)g of the charitable association and it5 environment obtained in the course of the audit, we have not identified material misstatements iii the Trustees, report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to repoTt to you if, in our opinion: adequate accounting records have not been kept or returns adequate for your audit have not beeii received from branches not visited by us.. or the fiiiancial statements are not in agreement with the accounting records and returns- or certain disclosures of Trustees, remuneration specified by laiv are not made,. or we have not received all the information and explanations we require for our audit. Other matter - Unaudited corresponding figures The prior year's financial statements were iiot required to be audited, and thus this year's comparative figures are unaudited. Responsibilities of Trustees As explained rnore fully in the Statemeiit of Trustees. Ilesponsibilities set out on page 7, the Trustees are respoiisible for the preparatioii of the fiiiancial statements and for being satisfied that they give a true and fair view, and for such inteiiial control as the Trustees determiiie is iiecessary to encible the preparation of financial statements that are free Eroin material inisstateineiit, whether due to fraud or error. lii preparitig the financial statemeiits, the Trustees are responsible for assessiiig the charitable associatioii's abilit}, to continue as a going coiicerii. disclosing, as applicable, Jnatters related to soiiig concern aiid using the going concern basis of accounting unless the Trustees intend either to liquidate the charitable association or to cease operations, or have no realistic alternative but to do so.
13. INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF THE ASSOCIATION FOR POST-NATAL ILLNESS CONTINUED Auditors. responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditors, report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, tndividually or in the aggresate, they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.or auditorsres onsibilities. This description forms part of our auditors, report. Extent to which the audit was considered capable of detecting irregularities, including fraud Irregularities, including fraud, are instance5 of non<ompliance with laws aiid regulations. We desisn procedures in line with our respoiisibilities, outlined aLYTrve, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below". As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. In addition. we- Ideiitify and assess the risks of material rnisstatemeiit of the financial statements, whether due to fraud or error, design and perform audit procedures respoiisive to those risks, and obtaii) audit evideiice that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resultins from fraud is higher thali for one resulting from error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control releiTant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the puipose of expressing an opiiiion on the effectiveness of the charitable association's internal controls. Evaluate the appropriateiiess of accounting policies used and the reasoiiableness OE accountiiig estimates aiid related disclosures made by manageinent.
14. INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF THE ASSOCIATION FOR POST-NATAL ILLNESS CONTINUED Extent to which the audit was considered capable of detecting irreglllarities, including fraud {continued) Conclude on the appropriateness of management's use of the going concerii basis OE accounting aiid, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable association's ability to continue as a going concern. If we conclude that a rnaterial uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors, report. However, future events or conditions may cause the charitable association to ase to continue as a going concern. We communicate with those charged with governance regarding. among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charitable association's members, as a body, in accordance with Chapter 3 section 144 of the Charities Act 2011. Our audit work has beeii undertaken so that we might state to the charitable association's memlErs those matters we are required to state to thein in ali auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable as5(latIOn and the charitable association's members as a body, for our audit work, for this report, or for the opinions we have formed. Malcolm Boydell (Senior Statutory Auditor) For aiid oli behalf of Boydell & Co Statutory Auditors 146B Chiswick High Road Londoii W4 IPU 2023
15. THE ASSOCIATION FOR POST-NATAL ILLNESS sfATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted general fund Restricted fund 2023 2022 Income and expenditure Incoming resources.. Grants and donations Fundraising Investment income Publication sales {2) (3) (4) 1.427,819 2.312 4,936 1,427,819 139,225 2,312 6,491 4,936 541 Total incoming resources 1,435,067 1,435,067 146,257 Resources expended: Fuiidraising Direct chcThritable expenditure Management and administration (6) 216 60.917 34.682 216 60,917 34,682 216 47,189 16,133 (5) Total resources expended 17) 95,815 95,815 63,538 Net income/{expenditure) 1,339,252 1,339,252 82,719 Value adjustment in respect of investments - unrestricted (9) 12,446 12,446 Net iiicoming resources for the year 1.351.698 1,351,698 82,719 Balance brought forward at l April 2022 126.919 126,919 44,200 Balance carried forward at 31 March 2023 £ 1,482,217 £-£ 1.482,217 £ 126,919 There are no recognised gains or losses other than as disclo1 above. The iiotes on the following pages form part of these financial statements.
16. THE ASSOCIATION FOR POST-NATAL ILLNESS BALANCESHEET AT 31 MARCH 2023 Notes 2023 2022 FIXED A%ETS Tangible fixed assets (8) 3,154 530 Investments {9) 1,053,347 1,056,501 530 CURRENT ASSETS Debtors Cash at bank and in hand (io) (li) 1,250 426,266 1,250 126,879 427,516 128,129 CREDITORS: amounts falling due within one year (12) (5,4(Kl) (1,740) NET CURRENT ASSETS 422,116 126,389 NET ASSETS £ 1,478,617 £ 126,919 Representing: Uiirestricted fund Restricted fund 1,478,617 126,919 £ 1,478,617 £ 126,919 The financial statements were approved by the Committee on its behalf by.. 231111 2023 and sisned on David Clark Chairman Clare Delpech Treasurer The note5 017 the following pages form part of these finaiicial statements.
17. THE ASSOCIATION FOR PT-NATAL ILLNE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 Note 2023 2022 Net cash (outflow)/infiow from opeTating activities 14a 294,451 82,795 Investing activities Bank interest income Dividend income 2A62 2,074 Net cash infiow from investtng activities 4,936 Financing activities Interest paid Net cash infiow/{outflow) frotn financing activities Increase kn cash and cash equivalents 299387 82,795 Cash and cash equivalents at l April 2022 14b 126,879 44,084 Cash and cash equivalents at 31 March 2023 14b 426,266 126,879 The notes oil the followiiig pages form part of these financial statements.
18. THE ASSOCIATION FOR POsr-NATAL ILLNESS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Statutory information The Association for Post-Natal Illness is an unincorporated association, domiciled in England and Wales, with a registered charity number 280510. The resistered office is 145 Dawes Road, Fulha London, SW6 7EB. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Reconunended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK {FRS 102) (effective l January 2019) _ (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK (FRS 102) and the Charities Act 2011. There were no material departures from the standard. The Association for Post-Natal Illness meets the definition of a public beiiefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transactioii value unless otherwise stated in the relevant accounting policy note. The financial statements are prepared in sterlin& which is the functional currency of the company. The Trustees have reviewed the Charity's financial position to ensure it is appropriate to produce the accounts on a going concern basis. Income recognition Items of income are recognised in the financial statements when all of the following criteria are met.. the Charity has entitlement to the funds; any performance conditioiis have beeii Tnet or are fully withiii the control of the Charity- there is sufficient certainty that receipt of the income is coiisidered probable,. and the amount can be measured reliably. Government grants are recognised on the performance model, wheii the charity has complied with any conditions attaching to the grant and the graiit will be received. Expenditure recognition Expenditure is recognised once there is a legal or coiistructive obligation to make payineiit to a third party, it is probable that settlement will be required and the amouiit cali be measured reliably. Expenditure includes those costs of a direct nature which can be allocated to a specific activity. It cilso includes indirect costs, includiiig governaiice costs that do not relate to a specific activity but are necessary to support them. Support costs are apportioned to each activity on the basis of staff time.
19. THE ASSOCIATION FOR POST-NATAL ILLNESS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CONTINUED I. ACCOUNTING POLICIES CONTINUED Depreciation: Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimate residual value, over their expected useful lives at the following rates: Computers Office equipment Office furniture and fittings 15% per annurn (reducing balance) 25% per annum (reducing balance) 15% per annum (reducing balance) Investments Fixed asset investments are shown at current market valuation. ludgements and key sources of estimation uncertainty In the applicatioii of the Chic Tlty's accouiiting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets aiid liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimate5. The estitnates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are Tecognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The Trustees do not consider there to be any estimates or judgements that are critical to the financial statements. GRANTS AND DONATIONS 2023 2022 ments Graham C Pye will Trust 1,400,(KK) iOO,IK)O Charitable Trusts Cor orate: Mr and Mrs J A Pye's Charitable Settlement Dyer's Company Charitable Trust Amounts under £2.000 National Lottery Fund 15,000 2,000 578 20,tK)O 2,000 8,000 Individuals: Amounts uiider £2.000 10,241 9,225 £ 1.427,819 £ 139,225
20. THE ASSOCIATION FOR PT-NATAL ILLNESS NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2023 CONTINUED FUNDRAISING 2023 2022 Friends of St Mary's Barnes Charity Ball Ladies Night Bake Sale Lucie Holland: in memory of Emma Cadywould Michael Mulkerrin- Half marathon Samantha Cook - Half a Million Steps in June Kirsti Koop - Charity Twitch Stream 2,000 312 2,363 263 1,004 490 £ 2,312 £ 6,491 INVESTMENT INCOME 2023 2022 Dividend income Bank interest receivable 2,074 2,862 £ 4,936 DIIIECT CHARITABLE EXPENDITURE Unrestricted Restricted funds funds Total 2023 Total 2022 Salaries and fees payable Printing and postage of booklets Telephone and interiiet Advertising 49,(M16 6,429 2.352 3,130 49,006 6,429 2,352 3.130 41,868 3,151 2,170 £ 60,917 £ 60,917 £ 47,189
21. THE ASSOCIATION FOR P05r-NATAL ILLNFSS NOTES TO THE FINANCIAL STATEMEN15 FOR THE YEAR ENDED 31 MARCH 2023 CONTINUED MANAGEMENT AND ADMINISTRATION Unrestricted Restricted funds funds Total 2023 Total 2022 Professional fees Audit fees Accountancy Depreciation Insurance Rent, rates and other office costs Sundry expenses 16.307 5,400 16.307 5,400 2,052 1,740 96 2,508 9,483 254 557 2,894 8.3 621 557 2,894 8,3 621 £ 34,682 £ 34,682 £ 16,133 TOTAL RESOURCES EXPENDED Staff costs Other costs Total 2023 Total 2022 Fuiidraising Direct charitable expenditure Management and administration 216 11,911 34.682 216 60,917 34.682 216 47,189 16,133 49,006 £ 49,006 £ 46,809 £ 95,815 £ 63,538 TANGIBLE FIXED ASSETS Furniture Office and fittings equipment Computers Total Cost: At l April 2022 Additions 2281 1.5 8,696 3.181 12,633 3,181 At 31 March 2023 2.381 1,556 15,814 Depreciation: At l April 2022 Charge for the year 2.311 li 1,547 8,245 545 12,103 557 At 31 March 2023 2,322 1,548 8.790 12,6 Written down value.. At 31 Milrch 2023 £59 £8 £ 3,087 £ 3,154 At 31 Miirch 2022 £70 £451 £530
22. THE AcIATIoN FOR POST-NATAL ILLNESS NOTFS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CONTINUED INVESTMENTS 2023 2022 Balance brought forward Additions Fair value adjustment 1,040,901 12,446 £ 1,053,347 The Association's investments are managed by Adam & Company of Edinburgh and comprise principally equities and bonds. the portfolio is stated at closing market value and its related investment account is shown under note 11 cash at bank and in hand below. 10. DEBTORS 2023 2022 Prepayments 1,250 1,250 £ 1,250 £ 1,250 11. CASH AT BANK AND IN HAND 2023 2022 CAF Bank Ltd accounts HSBC plc charity accouiit Natwest plc reserve account Adam & Company investment account 74,552 9.825 1,326 340,563 114,226 11,327 1,326 £ 426.266 £ 126,879 12. CREDITORS: amounts falliEI due within one ear 2023 2022 Accruals £1,740 13. TRUSTEES REMUNERATION AND AVERAGE NUMBER OF EMPLOYEES TruStS are not remunerated other than in one case. Mrs Diane Nehmé received £11,808 12022- £10,500) for services reiidered as administrator. The average number of employees. including Trustees employed under contracts of service is 5 (2022- 5). No employee received remuiieratioii amouiiting to tnore that £60,000 in either year.
23. THE ASSOCIATION FOR PT-NATAL ILLNESS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CONTINUED 14. NOTES TO THE STATEMENT OF CASHFLOWS Reconciliation OE sur lus to net cash infiow from o ratin 2023 activities: 2022 Net surplus for the year 1.351.698 82.719 Adjustments to reconcile surplus for the year to net cash flow from operating activities". Purchase of fixed assets Depreciation of plant and equipment Investment income Purchc15e of investments Value adjustment of investments (3,181) 557 (4,936) (1.040.901) (12,446) 96 Working capital movements: (Increase) in debtors Increase in creditors {80) 60 3,660 Net cash infiow from operatiiig activities 294.451 82,795 b. Cash and cash e uivalents: 2023 2022 Cash at bank and in hand 426,266 126,879 Chan e in net debt: At l April 2022 126,879 Reclassification Cash-flows At 31 March 2023 426,266 Cash Loaiis fcilling due in less than one ear 299,387 TOTAL NET DEBT 126,879 299.387 426,266 d. Ma or non-cash transactions: There were no major non-cash traiisactions to disclose (2022.. none).
The following page does not form part of the statutory financial statements.
THE A)cIATIoN foR PT-NATAL ILLNE DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED31 MARCH 2023 2023 2022 INCOME Legacy, grants and donations Fuiidiaising Publication sales Investment Income 1.427,819 2J12 139,225 6,491 541 4.936 1.435,067 146,257 LESS EXPENDITURE Audit fees Accountancy fees Professional & legal Depreciation Insurance Sundry expenses Priiiting, postage of booklets Advertisiiig Rent, rates and other office costs Gross salaries payable Telephone and internet Fundraising 5,4(Xl 1,740 2,052 96 2,508 254 3,151 16J17 557 2,894 621 6.429 3,130 8,903 49.006 2.352 216 9,483 41.868 2,170 216 (95015) (63,538) SURPLUS ON ORDINARY AcfiviTIFS £ 1,339,252 £ 82,719