REGISTERED COMPANY NUMBER: 02883306 IEn8land and Wale51 REGISTERED CHARITY NUMBER.. 1031011 R• rt of the Truste•s and Urnaudited Financial Statements for the Year End r 2021 West MidlaThd5 Institute of P5 hoth*ra •A6ISWDIW' 1210412022 COMPANIES HOUSE
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West Midlznd5 Institirt Contents of the Financial Statements forthe Year Ended 30th Se tember 2021 Report of the Trustees Treasurerfs Report 9 toll Independent EJt•miner's Report 12 Statement of Financial Activities 13 Balantè Sheèt 14 Notes to the Flnandal Statements 16 to 20 l>etailed Staternent of Finantial Artivities 21
Reference and Administrative Inforrnatioii Company Limited by Guarantee No: 2883306 Registered Charity No: 1031011 Reglstered Offlce 2 Greswolde House 197b Station Road Knowle B93 OPU Dirertors and Trustees Alan Beadle (Lay trustee. Hon. treasurer) Diana Houlston (Lay trustee Honorary Secretaryl Dr Niall Martin (Lay trvsteel Reverend Mary Kent Pauline Higham (Chairl AdrninistratiOII Jools Rogers (appointed August 20201. 66 Smirrells Road Hall Green Btrmingham, B28 Accountants West Charted Accountants (appointed 20181 Office 2 Greswolde House 197b Station Road. Knowle. Solihull West Midlands 893 OPU The Trustees present their report for the ¢harity for the year ended 30 September 2021. The Trustees have adopted the relevant provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities- IFRS1021 in preparing the annual report and financial statements of the charity. The Trustee5 The Trustees of the charity are a150 company directors for the purposes of company law. Trustees serving during the year and to the date of this report are as follows- Niall Martin (Lay trustee} Jinny Sumner (Resigned September 2021) Diana Houlston (Lay trustee) Alan Beadle (Lay trustee) Pauline Higham Ichairl (appointed by the Board September 2020} Mary Kent lappointed by the Board May 2021}
Obie¢ti¥es and Activities WMIP is an incorporated charity li.e.: both a limited company and a charity). The original 5taternent of purpose set out in ourArticles of Association. states that the Institute -is estublishedfor the pmmotion ondadvoncement of rhestudy o1ond reseorch into oll motters relorirtg to P5ychotherupy und the di55emint7tion of the useful results of onysuch study ond reseorchfvr the benefrt of the public.- WMIP activities are princ4pally in three areas= Tralnlni: WMIP currenily operates one oualifyine training leading to 8PC Registration. The APT.. Analytical Psychotherapy Training leails to gIStratIon as a Jun8ian Analytical Psychotherapist. The training aims to improve the strength and depth of psychotherapy provision in the reEion and io otter attess to the laiest developrnent5 in research and thinking in our field. The APT training committee organises a number ol public I wider ttsmrnunity events each year. in addiiion to the training proeramme. The Training in Contemporary Psychoanalytic Psychotherapy ITCPPI Sad came to an end during this year. Thi5 decision, to close the TCPP, was made after many months of deliberaiion and reflettion. The Board is very grateful for the years of traininE the committee offered ènd this training will be sadly missed. The Board sought assurances for the TCPP graduates and forbears from the 6PC. and these were given as follows.. Ve do not huve dirert registruthn undso entry to the regist¢risby membershlp oAa Memberlnslltirtlo (MIJ. Thh meons thu¢ jollong the closure olthe Trnifting in Contemporury Psychoonolytic Psychotheropy- TCPP. the grqdu•iesArom the tmirtino remwn ourrewronts uslo•w us theyare o fflemberolthe WMIPond WMIP is on Ml." The 8irmin8ham Trust for Psychoanalytic Psychotherapy IBTPPI have approathed WMIP with a proposal to house an adult psychotherapy training within the Instilute as a Member Organi5ation of the BPC. The proposal ts for a Modified Psychoanalytic Training for qualified chtld and adolescent psychotherapists. In accordance with the Standing Orders. the 8oard of Trustees has convened a new committee IBTPP Proposal Committee) to assess the proposal and irs suitability as a WMIP qualify4ng trainin8. 11 is early days, and the committee is now in the process of discussing the proposed trainingwiih the BTPP and BPC. the accrediting body. The members of the new tommittee are-. JinnySUmr. Be¥ Pretty. Mary Kent. Rad)el Hirschfeld aftd Jill Rowbottom. All of our colleagues. whatever training background. contribute hugely to the life. talIty and dtversity of the Institute, and are Much appreciated. Thlnking.. We faciliiate the sharing of ideas. best prartrte and tontinuing professional development through events. workshops. confeTences and short courses and by disseminating information about relevant CPO opportunities elsewhere. We support our membets to éevelop and provide learning opportunities for the benefit of professionals and the wider community and to fomi special interest groups focv55ed on socialty and professionally important issues. Th•r•py- We maintain a register of accfedited professional psychotherapists workiftg in the Midlands awtd beyond. We offer a public online Directory and a referral service with some members and irainees oflering reduced fees. Throu8h these auivr¢res we are rai5in8 awarenes5 of and improving acce5$ tg psychoanalytic Psychotherapy. We airn to provide clear information to the publit about psychotherapy and about our members. including clarity about their level of qualification and accreditztion. WMIP Membership The Institute'5 activities are mainly carried out by members as unpaNI volunteers and all members are strongly encouraged to contribute to the life of the Institute in è wide variety of way5. We aim to work together to support each other and to move the Institute forward, in the bdief that what we offer is socially. professionally and personally valuable.
The current membership structure (adopted in 20161 allows for the following categories of membership.. Professional. Clinical Associate. Student. Affiliaie and Retired. We also have Honorary members. who are awarded this category of membershtp in recognition of their special services to psythotherapy andlor to the Insiitute. Full details of the membership categories are available on the website. WMIP Membership CommEttte processes applications. deals with accreditation issues and oversees the WMIP referral service. In 2019 the committee developed a UKCP Accreditation Process lamerided slightly during the 2020 UKCP Or8anisaiional Member Review reporrl to enable WMIP to accredit suitably qualified professionals to UKCP. The committee is also seeking ways of èttrattirbE a more dNerse membership. The Board thanks the Membership Committee and Rachel Dunkley Jones, who operates the Referral service for iheir hard work. time, and dedicztion to the life of the Institute in these areas. WMIP fthi(s Committee play5 a key role in maintaining Standards. The challenge of working within both UKCP and BPC re8vlatory frameworks h35 been land continues to bel addressed to ensure that our members practice ethically and within an ever-changing regu13tory frarnework. The Board thanks this hard-working committee for its essential contributions to the Institute. WMIP CPD. Events and Strategy Group continues to work hard to faee the challenge of rnisin8 the Institute's profile through the provision of events- and satisfy the profe55Tronal needs of its mernbers. The Board is especially grateful lor the group5 dedication to rising to the challenges of continuin8 to provide events Via Zoom during this second year of pandernic and changing restrirtions on social life. WMIP'S Spring Conference The Llse and Abuse of Power in Thtraprf was held online via Zoom on Saturday 20th March 2021. Thi5 bought in an audience of c.120 people. Includin8 Some international delegates, to listen to keynote speakers Valerie Sinzson and Fanny Brewster talk about their experiences of power in therapeuti relation5hip5. Thi5 was marketed as an outreach event to grow awareness of WMIP and increase membership. A number of new member5 Sbgned up following the event and a healthy profit made lor the 018anisatbon. Work has continued in developing membership. with the creation ol the Affiliate members. reading group. which happens On every 6-8 weeks and 15 attended by S-10 Affiliate members each session. The group ch005e an analytical paper to read in advznce and then discuss together. The Power in Therapy conference èlso began to work to address the issue of Cultural diversity within the Institute. The theme of racism treated enerey. passion. and interest within delegates and those workin8 to put together the event. This has led to a follow up series of race evenis planned for 2022 '5pace to Think- Race and the TherapisV- a special thank you to Alf MtFarland for his érive and commitment to all these events. Thank you to Rachel Dunklèy-Jone5 and Pauline Higham for reading in their Final QualifyinÉ Papers to the membership in July and November respectively. Rachel's read in was a hybrid e¥ent_ the first for the Institute- held both in person at Cotteridge Quaker meetin8 hoJse and online via Zoom. The Kroup continue to work on delivering a range of CPD opportunities for members, both consiéering desires to meet face to face a8ain. and those members of the organisation based outside of the Midlands. The group 3150 arranged our first WMIP Members. Forum event online via Zoom. in November. to wve members the opportunity to offer forward their thoughts and ide35 for CPD and events. This wa5 attended by well over 20 member5 and gave the opportunity to welcome some new members. albeit online. The 5e55ion showed real energy and commitment to the organisation and has 50wed the seed for a number of new and interesting event5 and CPO ideas for 2022. We are hopeful for zn excitine year of activity ahead. PublSc Benefft In pfepafin8 this report. the Board of Tru5tee5 has had due regard to the Charity Commi55iors's guidance on public benefit. Thi5 sets out the atceptable charitable purposes which allow an organisation to claim charitable status. The Trustees consider that the aims and artbvities of WMIP meet these requirements under the Following headings=
al The advancement of education- by promotin& sustainin& and increasing individual and collective knowledgè and understanding of theory. sk115. and expertise through specialist psychotherapy training. bl The advancement of health or the saving of Itves- by improving access to psythotherapy. including sorne low-fee referra15 as available and by upholding proper 5tandard5 of practice through traintn& accreditation. CPD and the work of our ethics committee. The individual work of many of our rnembers in delivering services to vulnerable and disadvantaged group5 such as refugee5. VlCtim5 of domestic aThd sexual abuse. infants. and their primary carers. those 5truBgling with addictions etc. is a further way in which WMIP adds ¥alue to society by supporting such work. In addition. many of our member5 have risen to the challenge of providin8 psychotherapy online svpporting the mental health of dients during the pandemiL Strategrc Rep¢xt Achie¥ements and Performance As noteL4. the Institute has adapte¢J to ways of workin8 providin8 online access to CPD, events and meetings. The Analytical Psychotherèpy Trainine continued by moving its teachings and publtc letture programme online as needed and gralyually reintroduting in person teaching end events as restrictions allowed. The Board acknowledges all ihe hard work thèt wertt into makine thi5 adaptation possible. There are oiher smaller specialist groups within ihe InStite that have toniinued to mett online. The life of the Instttute has continuÈd albeit in a different form. S•fe8uardinz Steerlng Group The Safeguarding Steering Group was set up in Oecember 2020. following the UKCP recommendations made at the last quinquennial review. The group has met 3 number of times. with the aim of ernbedding more of safeguarding culture across the organisation. Requests went out to the membership at the AGM and subsequently for anyone with experience in the field ro step fovward to beeome WMIP'5 Designated Saleguardin8 Lead, but unfortunately no one was found. The group made contact with other Training organiiations and Psychotherapy Membership Organi2ation5 (The Guilé, SAPI to ascertain their approaches to saleEyarding within syllabuseslpolioeslmember communications. A number of cornmunications to members via bvlletin have been written to highlight the Issue5 and give rnember5 more information- for example vignettes gNin8 examples of safeguarding scenarios for members to consider and l¢nks to safeguarding advice on Working with Vulnerable childrenladults on Birmingham City Countil website. plus links to UKCP/BPC safeguarding policie5. Members were also told about the possibility of sale8uardiA8 training in the future. The group met wilh Dr Sally Beeken. BPC Registrar. in October to discuss WMIP'S position with regards to safeguaréing. Sally praised the organisation for what has been done to raise the issue and embed a 5afeguaréirtg culture and committed to BPC 5UPPOrting WMIP with this. The group talked io Sally about the training options 5@3Ched to date. Sally highly recommended Sonia Applebvs irainin& who offers bespoke safeguardinB training for psychotherapists. The Broup are researching the options for dates in 2022. Growln8 Membership DurinE the year to September 2021. membership numbers have had a sli8hi increase to 103. which has since intreased to 105 between l October 2021 and 30 November 2021. New affiliate members have joined as a result ol the SprinE Conference 2021. This was promising and while there is a long way to 80, the Board saw this as hopeful sign
The Trusiees continue to seek ideas for growing the membership. This is a matter of uigency as membership fees are the primary sourte of income forthe Institute. It remains rhe case that rf membership revenues andlor other income from evènts. short coiifse5 etc. do not increase in the next 12-24 monihs. as tosts inevitably do increase, the Institute will need to review tts 3irn5 and artwities. Growin8 membership is crucial not only for financial reasons. Our members ARE the Institute.. all of the main roles in the Institute are voluntary and we rely entirely on the energy. enthusiasm and active participation of members to continue. Those member5 who join committee5 and working parties. organising events. rnanaging the library and liaising with 8PC and UKCP find it enjoyable and rewardin& especially when there are many hands to share the work. Committee work counts as non-clinical CPD hours since ir contributes direttly to our confidence and developmeni as professionals. The Board understands what a difficult year tr has been with the ongoin8 pandemic cavsin8 uncertainty, anxiety and distress in many forms. Adaptlng to changing pandemic restrictions. as they have evolved, has been challenging to us all and the 8oard is mindful of this. Impro¥lTrg Systsrns and Communlr•oion Jools RoRers. WMIYS administraior. has worked throu8hout the year to improve systems and processes_ Along with Kate leeson. our events and marketing coordinator. both are vital to impvoving systems and communication. Kate and Jools worked together to facilitate the launch of a new. contemporary WMIP website and transferall iThformarion from the previous web51te. The Board is aware the new website Still needs work in the need to go through all of the information Contained and we welcome arty members who may want to work on this projert. Jools and Kate, with their loint expertise an¢J experience provide a streamlining of communication. Tether thev sypport members in difterent ways such as through or80nIng events, assistin8 committees. and maintaining records. They provide invaluable support to the Board thrgh feedback from their respective roles and also SU8gestin8 innovative ideas to improve how the Institute runs. Another internal communication vehicle 15 our regular e-Bulletin which is edried by Shane Sneyd. The e- Bulletin conrains event5 listings, news and review5. information about rnembers and committee work and other key reminders about professional practiee. The Trustees would like to thank Shane for his continued work on the e-Bulletin which is very much apptiated and is a crucial ir8redient within the Insiitute. To enhance improving systems and comrnunitation, professional member Pauline Hi8ham stepped forward. and was elerted as the Chair of ihe Board of Trustees to provide a wnt Lif contart for the work of the Board. Board of Trustees The Board wa5 delighted to welcome Rev Mary Kent, a professional member to the Board. We appreciate her long experience and Contriblon to the Instilute. Jinny Svmner. stepped down from the Board after 6 years. service to WMIP. Her contributiorn. wisdom. Jnd commitment to WMIP durinE these years canrsot be quantified. We are grateful she has now stepped forward to bring her year5 Qfexperience to the Membership Committet and Eihics Committee. The Board is currently constituted of two professional members and three lay trustees. To maintain a balance betweeTr lay and professional trustees at leasi one or more professional mernber is needed. The Board would greaily appretiate other members coming forward to serve on the Board to offer their enlightened professional counsel to the Board. Alan Beadle. Honorary Treasure¥. will be stepping down from the Board at the AGM 2022. His service to WMIP and attention to detail is trvly appreciate(1 and he will be 8reaily missed. The Bgard looked for and found a Treasurer to replace Alan. The hope was we would find someone who would work alongside Alan for a period of time prior to Alan's stepping down. Bryan Arnott stepped forward in Ju5y 21 and has been quietly working Wlth Alan. We are extrerne gratefvl for his willingnes5 to bring his financial knO%edBe and experience to WMIP. Bryan ts a retired management accountant with 40 years. experience in manaCtUrnB and charttable work. It is hoped he will bring a professfjonal ovemewto managing WMIWS finances going forward.
We are a150 mindful that the Board does veflertthe diverstty of the tommunity WMIP seryes, rather it fefletts the non-diversity of the Institute. This is a matter of concern raised 31so by UKCP at their recent Review and which the 8oard is taking Seriously. Finally, we would like to thank all those members who have been 5UPPtsrtTve. collaborative and actively involved in WMIP during what has been a partiiularly difficult year. Membe¥s are the collective beatin8 heart ol the Institutè which is our community. and we are fortunatethat so many art prepared to give their time. WMIP Board of Trust Paullne Hlgham Ichairl, Mary Ken( Diana Houlston. Niall Martln and Alan Bèadle
Treasurerfs Report for the Financial Year: 1st Ortober 2020 to 30 September 2021 As in previous years the accounts have been prepared for three separate cost centres.. Training in Contemporary Psychoanalytic Psychotherapy ITcppI Analytical Psychotherapy Training (APT) WMIP Centrnl These three sets of accounts are then combined before the consolidated accounts are submitted to Compan5 House and also to the Charity Commission. The two trainings. the WMIP administrator and our attountant5. West Chartered ACCntantS, have all helped us in thr5 prwss. Because of our size as a charity these accounts are not subiett to-audif but West Accountants do act as "independent examiners". The account5 show the following.. Ac¢ount Income Profftll.Lossl Net Assets at end of Pèriod E3.944 £27.135 £20.2S7 £51,335 £53.639 TCPP £0 £49.495 £31.771 £80.305 £64,630 £864 £37.631 £45.014 £82.610 £71,587 1.£8641 £11.803 1.13.2431 1£-2.3041 1£-6.9571 Central Con501idated 2020-21 Consolidated 2019-20 Overall. 2020-21 was a difficult year for the finan$ of WMIP. not helped by Co¥id and the restrictions whkh affected our ability to organise meetin8s, events and conferences, and ihere-by to meet the essential purpose of WMIP to fullil our charitable objectives. The net result in 2020-21 was that WMIP as a whole made a loss of just over £3.OCK). Looking on the positive side. this is an improvemeni on the prwovs year when our loss was close to £7,IKJO. In 2020.21 the TCPP was linalising their plans to close and this is refieued in their accounts. which show no income durin8 the year and only a small expendiiure on Jdministration. The APTC has. on the other hand. was financially successful maktng a very respectable profit. The central accounts showed an increased income 5snce last year but also a significantly increased expenditure mostly on admsnistration and marketyng. and refunds to members who had overpaid in previous years (see below). On a very positive noie, the Spring Conference, held in March 2021. helped to boost overall income during the year and was deemed by all to be a success. In Novèmber 2020, during the preparation otihe 2019-20 3¢tounts. it was discovered that a number of WMIP members had over paid their membership fees for several years. Repayments totalling several thousand pounds io the mernbeis affeaed wefe made in 2020-21 and appear in the account5 being reported here. Most ofthe overpayments were due to members who set up standin8 orders as well as paying through the mort recently introduced-Go Cardless- system. We are urging all members to cancel their standing orders and use the more efficient-Go Cardless- payment system- Ihis way they should be charged the correct amount each year. The overall 1055 in 2020-21 was bvdgetetl for in part by the Trusiees.. that Said. the loss in the central a£counts was disappointing. We had allocated funds to cover the invalvable work undertaken by Kate Leeson on marketing and helping the events grovp. This work has brou8hi in a number ol new members but at the same time there has been a shift in the membership profile me8nin8 thai the totsl membership income has remained static. In an attempt to bring our finance5 into balance in future years. the Trustees have agreed that the membership fees in October 2021 will need to rise 35 shown in the table below. If we can control our expendlture such that It remains stead this increase will 80 some way towards eliminating the deficit. Grade Current Rate Rate from ort 22 Professional Clinical Associate Student E205 E225 £iso £165 Affiliate £75 £85
Retired £85 £95 Honorary Free The Bfaph at the end of this report illystrates the decline in WMIW5 Central finances over the last 34 years: during the period illustrated we have lost on avefaze £7C(*J per annum. Alan Beadle WMIP Treasurer February 2022 10
Central Funds October 2017 to date £Ss.(0 £5Q(W £45.ffn(t) £4Q(L¥L 535.LWJkCQ Ott-17 Ott. (xt.19 Oct-10 o¢t.21
Inde endent Examinr's Re West Midlands Institute ol Ps rt to the Trustees ol chothera Independent examiner'5 report to the trusttes ol West Midlands Institute ol Psychotherapy I'the Company'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2021. Responsibilities and basis ol report As the charity'5 trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 21x161.the 2006 Att'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2LYJ6 Act anij are eligible for independent examination. I report in respect of my examination of your charity's accounts 35 carried out under Section 145 of the Charities Act 2011 1.the 2011 Act'l. In carryinB out rny examination I have followed the DirectlOn5 given by the Charity Commission under sectitin 145151 Ibl of the 2011 Act. Independent examlner's stattme I have completed rry examination. I confirm that no rnatters have tome to my attention in ¢onnectTrtin with the examination giving me tause to believe.. atcounting records were n¢X kept in respert of the Company as reouired by Section 386 ofthe 2006 Act.. or the accounts do not accord with those records.. or the account5 do not compty with the accouniin8 requirements of section 396 of the 2006 Art other than anv requirement that the accounts give a irue and fair View *thi¢h is not a matter considered as part of an independent examination.. or the atcounts have nor been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for attountine and reporting by charitie5 (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other rnatters in connertion with the examination to which attention should be drawn in this report in order to enable a proper vnderstandbn8 ol the accounts to be reached. West- Chartered Aceountants ICAEW West- thartered Accountants Offi'ce 2 Greswolde House 197b Station Road Knowle West MlandS B93 OPU Date.. 12
West Mldland Instltute of Ps chothera Statement of Financial Artivities lor the Year Ended 30th Se tember 2021 2021 Unrestricted fvnds 2020 Total funds Notes INCOME AND ENDOWMENTS FROM Othe¥ trading activities In¥estment income 78.093 1,213 64,354 276 Total 80,306 64.630 EXPENDITURe ON Raising funds 31.508 70,017 Other 51.102 1.570 Total 82.610 71.587 NET INCOMEIIEXPENDITUREI {2.3041 16.9571 REC014CIUATION OF FVNDS Total funds brou8ht frwward 53.639 60.596 TOTAL FUNDS CARRIED FORWARO 51,355 53.639 13 Thc notes fom) part of thes¢ finan¢io] statemen
est Midland5 In ute of P5 hera Balance Sheet 30th St tembef 2021 2021 Unrestricted funds 2020 Total funds Notes CUARENT ASSÈTS Debtors Cash at bank 524 72.72? 60,681 62.641 73,251 CREDITORS Amount5 falling due within one year 110.9661 118.0221 NÈT CURRENT ASSETS 51ffi75 5S.229 TOTAL ASSET5 LESS CURRENT UA8ILmES 51.675 55.229 CREDITORS Amounts falling due after more than one year 11.5901 NET ASSETS 51.335 53,639 FUNDS Vnrestriued funds io 51.335 53.639 TOTALFUNDS 51.335 53,639 The charitable company is entitled to exemption from audit under Section 477 of the Companies A£t 2006 for the year ended 30th September 2021. The members have not fequired the company to obtain an audit of its financial statements fgr the yeaf ended 30th September 2021 in accordance Section 476 of the Companies Act 2CQ6. The trustees acknowledge their responsibilitie5 for ensuring that the charitable company keeps accounting ordS that Comp with Sections 386 ènd 387 of the Companies Act 2006 and preparing financial statemenis which wve a true and fair view ol the state of affairs of the charitable ctsmpanv a5 at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwse comply with the requirements of the Companles Acl 26 relating to financial statemenis. so far as appltcable to the charitable company_ Ibl These financial statements have been ptepèred in accordance with the provisions applicable to charitable companies subjett to the small Companies regime. 14 The notes fonn part of these financial statements
e financial statements were approved by the Board of Twstees and athl$ed for tssue on and were si8ned on its behalf by.. Alan David Beadle- Trustee 15 The notts forni part of these fala1 statements
Institute of Ps hothwa oiesto t Flna I St3ternents for the Year Ended 30th Se mber 2021 ACCOUNTING POLICIES Basis of preparin¥ the finan£ial ststements The financial Statements of the charitèble company. whth is a public benefft entity under FRS 102, have been prepared in accorilance wilh the Charities SOAP IFRS 1021 'Accountin8 and Reporting by Charities.. Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.. Financial Reportirbg Standard 102 'The Financiol Reportin8 Standard applicable in rhe UK and Republic OF Ireland, and the Companies Act 2LK)6. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Attivf¢ies once the charity has entitlement to the funds, it 15 probable that the income will be received and the amount can be measured reliably. Expenditure Liabilitie5 are reco8nised as expenditu as soon as there is a le8al Of constfurtive obligarion committing the tharity 10 that expenditure. it is probable thèt a transfer of economic benefiis will be required in settlement and the amount of the obli8ation can be measured rÈliably. Expendiiure is accounted for on an accruals basis and has been classified under headings that a88re8aie all cost relaied to the category. Where costs cannot be direttly attrIbUd to particular headings they have been alkKated to aaivities on a basis con51Stent with the use of resources. Tangible fixed 355ets Deprecsation is provided at the following annual rates tn order to write off eath a55et over its estimated useful Fixtures and fittings 33% 1)n reducing balance Tamaiion The charity 15 exempt from corporation ta¥ on its Charitable actr¥itie5. Fund accountTnB Unrestricted funds can be used in aCCOfdance with the charitable objectNes at the discrdion of the trustees. Resiritied fvnds tan only be used for particular restrirted purposes within the objects of the charity. RestrilOn$ arise when specified by the donor or when fvnds are raised for particular restricted purposes. Further explanation of the nature and purpose of ea¢h fund is included in the notes to the financial statements. OTHER TRADING AcnwnES 2021 2020 Members subscriptions Training & course fee5 Books & journal income 22.836 55.257 22.270 40.956 1.128 78.093 64.354 16 The Jv)tes fonn w ofthese financi ststements
West Midland5 Institute of Ps thera Noies io the Flnartclal 5t for the Year Ended 30th S* - continued ember 2021 INVESTMENT INCOME 2021 2020 Income from cash investments 2313 276 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30th September 2021 nor for the year ended 30th Sepiember 2020. Trusle¢5' expenses There were no trustees. expenses paid for the year ended 30th September 2021 nor for the year ended 30th September 2020. COMPARATIVES FOR THE STATEMENT OF FIIIANCIAL AcwivmÉs Unrestricted funds INCOME AND ENI)OWMEpifs FROM Other trading activitie5 Investment income 64,354 276 Totsl 64.630 EXPENDITURE ON Raisin8 lunds 70.017 oiher 1.570 Total 71,587 NET INCOMEIIEXPENofwRel 16.9571 RECONCILIAT1014 OF FUNDS Total funds brought forward 60,596 TOTAL FUND5 CARRIED FORWARD 53,639 17 The llotes fomi of th¢se firwKial ststemeDts
West Midlands Instffiute of Ps hothera Notes to the Flnancial Statements- contSn forthe Yeaf Ended 30th Se ember 2021 TANGIBLÉ FIXÉD ASSErs Fixtures and fittings COST At 1st October 2020 and 30th Seplember 2021 I.IJ03 DEPRECIATION At 1st October 2020 and 30th September 2021 1.(4)3 NET BOOKVALUE At 30th September 2021 At 30th September 2020 DEBTORS: AMOUNTS FALiING DUE WINN ONE YEAR 2021 2020 Other debtofs Prepayments and accrued intome 1,436 524 524 1.960 524 CREDITORS.. AMOUNTS FALLIMG DUE WITHIN ONE YEAR 2021 2020 Trade creditors Other creditors Accrued expenses 3.035 1.587 9.379 14.987 10.966 18,022 CREOITORS: AMOUNT5 FALUNG DUE AFWER MORE THAN ONE YEAR 2021 2020 Accruals and deferred incorne 1.590 18 The notts forni part of ttr fthattcjal sthtements
ra Notes to the Flnancial Statements- continued rthey r 2021 io. MOVEMENTIN FUNDS Net movement in funds At 1.10.20 At 30.9.21 Unrestrirt lunds General fund Bursary Fund 53.479 160 12.3041 51.175 160 53.639 12.3041 51,335 TOTAL FUNDS 53.639 12.3041 51,335 Net movement in funds. included in the above are a5 Idlows.. Incomin8 resources Resourcè5 expended Movement in funds Unrestred fvnds General fund 182,6101 12.304} TOTAL FUNOS 182.6101 12.3041 Comparatives for movement in funds Net movement in funds At 1.10.19 At 30.9.20 Unrestrided funds General fund Bursary Fund 60.436 iE4) 16.9571 53.479 160 60.596 16,9571 S3.639 TOTAL FUNDS 60,5% 16.9S71 53,639 Comparative net movement in funds. included in the above are as follows- IrKoming resources Resources expended Movement in funds Unremrlcted funds General fund 64.630 171,5871 16.9571 TOTAL FUNDS 64.630 171.5871 16,9571 19 The Dotes f¢)nD Part of these fLoan¢ial ststemenls
West Midlands Instil otps Note5 to the Financial siatements- continued for the Year Ended 30th Se ember 2021 io. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 month5 combFned position is as follows.. Net movement in fund5 At 1.10.19 At 30.9.21 Unrestricted funds Gener31 fund 8ursary Fund 60.436 160 19.2611 51.175 160 60.596 19.2611 51.335 TOTAL FUN05 60.S96 19,2611 51,335 A current year 12 months and prior year 12 monihs cOmned net rnovernent in funds, included tn the above are a5 follows.. Incomin8 reSoUrS Resourtes expended Movement in fund5 Unrestricted fvnds General fund 144.936 1154.1971 19,2611 TOTAL FUNDS 144.936 1154,1971 19,2611 ii. RÉLATED PARfY DISCLOSURES There were no related party transactions for the year ended 30th September 2021. 20 Thc notes fom) pan of th¢s¢ finaNial Matements