The Retreat Yorkincome grows slightly

The Retreat York, the Quaker owned charity whose object is to provide care and relief to sufferers from mental illness, increased its income to £12.4m for the year ended 31 December 2012 from £11.2m the previous year. Total resources expended were £10.2m (2011: £9.8m) leaving, after net income of £448,000 (2011: £591,000), net incoming resources of £2.6m (2011: £1.9m). Gains on investment of £27,000 (2011: loss of £48,000), unrealised gains on investments of £563,000 (2011: £683,000) and an actuarial gain on the defined benefit pension scheme (2011: loss of £1.9m) led to a net movement in funds of £3.8m (2011: £654,000).