REGISTERED COMPANY NUMBER: 02883306 (England and Wales) REGISTERED CHARITY NUMBER: 1031011
Report of the Trustees and
Unaudited Financial Statements
for the Period 1st October 2021 to 31st July 2022
for
West Midlands Institute of Psychotherapy
West - Chartered Accountants Office 2 Greswolde House 197b Station Road Knowle Solihull West Midlands B93 0PU
West Midlands Institute of Psychotherapy
Contents of the Financial Statements for the Period 1st October 2021 to 31st July 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
West Midlands Institute of Psychotherapy
Report of the Trustees
for the Period 1st October 2021 to 31st July 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1st October 2021 to 31st July 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02883306 (England and Wales)
Registered Charity number 1031011
Registered office
Office 2 Greswolde House 197b Station Road Knowle Solihull West Midlands B93 0PU
Trustees
Alan David Beadle (resigned 6/3/2022) Diana Jill Houlston Niall Aidan John Martin Jinny Sumner (resigned 4/5/2022) Reverend Mary Kent Bryan Charles Arnott (appointed 5/3/2022) Pauline Higham
Independent Examiner
West - Chartered Accountants Office 2 Greswolde House 197b Station Road Knowle Solihull West Midlands B93 0PU
Administration
Jools Rogers (appointed August 2020) 66 Smirrells Road Hall Green Birmingham B28 0LB
March 2nd 2023
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Bryan Charles Arnott - Trustee
Page 1
Independent Examiner's Report to the Trustees of West Midlands Institute of Psychotherapy
Independent examiner's report to the trustees of West Midlands Institute of Psychotherapy ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 1st October 2021 to 31st July 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
West - Chartered Accountants Office 2 Greswolde House 197b Station Road Knowle Solihull West Midlands B93 0PU
Date: .............................................
Page 2
West Midlands Institute of Psychotherapy
Statement of Financial Activities
for the Period 1st October 2021 to 31st July 2022
| Period | |||
|---|---|---|---|
| 1.10.21 | |||
| to | Year Ended | ||
| 31.7.22 | 30.9.21 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Other trading activities | 2 | 61,496 | 78,093 |
| Investment income | 3 | - | 2,213 |
| Total | 61,496 | 80,306 | |
| EXPENDITURE ON | |||
| Raising funds | 28,206 | 31,508 | |
| Other | 42,710 | 51,102 | |
| Total | 70,916 | 82,610 | |
| NET INCOME/(EXPENDITURE) | (9,420) | (2,304) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 51,335 | 53,639 | |
| TOTAL FUNDS CARRIED FORWARD | 41,915 | 51,335 |
The notes form part of these financial statements
Page 3
West Midlands Institute of Psychotherapy
Balance Sheet
31st July 2022
| 2022 Unrestricted funds Notes £ CURRENT ASSETS Debtors 7 - Cash at bank 47,906 47,906 CREDITORS Amounts falling due within one year 8 (5,560) NET CURRENT ASSETS 42,346 TOTAL ASSETS LESS CURRENT LIABILITIES 42,346 CREDITORS Amounts falling due after more than one year 9 (431) NET ASSETS 41,915 FUNDS 10 Unrestricted funds 41,915 TOTAL FUNDS 41,915 |
2021 Total funds £ 524 60,681 61,205 (9,530) 51,675 51,675 (340) 51,335 51,335 51,335 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st July 2022.
The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as 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 otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 2nd March 2023 ............................................. and were signed on its behalf by:
............................................. Bryan Charles Arnott - Trustee
The notes form part of these financial statements
Page 4
West Midlands Institute of Psychotherapy
Notes to the Financial Statements for the Period 1st October 2021 to 31st July 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| Period | ||
| 1.10.21 | ||
| to | Year Ended | |
| 31.7.22 | 30.9.21 | |
| £ | £ | |
| Members subscriptions | 22,880 | 22,836 |
| Training & course fees | 38,616 | 55,257 |
| 61,496 | 78,093 |
Page 5
continued...
West Midlands Institute of Psychotherapy
Notes to the Financial Statements - continued
for the Period 1st October 2021 to 31st July 2022
3. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| Period | |||
| 1.10.21 | |||
| to | Year Ended | ||
| 31.7.22 | 30.9.21 | ||
| £ | £ | ||
| Income from cash investments | - | 2,213 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31st July 2022 nor for the year ended 30th September 2021.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31st July 2022 nor for the year ended 30th September 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Other trading activities | 78,093 |
| Investment income | 2,213 |
| Total | 80,306 |
| EXPENDITURE ON | |
| Raising funds | 31,508 |
| Other | 51,102 |
| Total | 82,610 |
| NET INCOME/(EXPENDITURE) | (2,304) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 53,639 |
| TOTAL FUNDS CARRIED FORWARD | 51,335 |
Page 6
continued...
West Midlands Institute of Psychotherapy
Notes to the Financial Statements - continued for the Period 1st October 2021 to 31st July 2022
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| and | ||||||
| fittings | ||||||
| £ | ||||||
| COST | ||||||
| At 1st October 2021 and 31st July 2022 | 1,003 | |||||
| DEPRECIATION | ||||||
| At 1st October 2021 and 31st July 2022 | 1,003 | |||||
| NET BOOK VALUE | ||||||
| At 31st July 2022 | - | |||||
| At 30th September 2021 | - | |||||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Prepayments and accrued income | - | 524 | ||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Other creditors | 5,560 | 151 | ||||
| Accrued expenses | - | 9,379 | ||||
| 5,560 | 9,530 | |||||
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Accruals and deferred income | 431 | 340 | ||||
| 10. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| At | movement | At | ||||
| 1.10.21 | in funds | 31.7.22 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 51,175 | (9,260) | 41,915 | |||
| Bursary Fund | 160 | (160) | - | |||
| 51,335 | (9,420) | 41,915 | ||||
| TOTAL FUNDS | 51,335 | (9,420) | 41,915 |
continued...
Page 7
West Midlands Institute of Psychotherapy
Notes to the Financial Statements - continued for the Period 1st October 2021 to 31st July 2022
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 61,496 | (70,756) | (9,260) |
| Bursary Fund | - | (160) | (160) |
| 61,496 | (70,916) | (9,420) | |
| TOTAL FUNDS | 61,496 | (70,916) | (9,420) |
| Comparatives for movement in funds | |||
| Net | |||
| At | movement | At | |
| 1.10.20 | in funds | 30.9.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 53,479 | (2,304) | 51,175 |
| Bursary Fund | 160 | - | 160 |
| 53,639 | (2,304) | 51,335 | |
| TOTAL FUNDS | 53,639 | (2,304) | 51,335 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 80,306 | (82,610) | (2,304) |
| TOTAL FUNDS | 80,306 | (82,610) | (2,304) |
continued...
Page 8
West Midlands Institute of Psychotherapy
Notes to the Financial Statements - continued
for the Period 1st October 2021 to 31st July 2022
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31st July 2022.
Page 9
West Midlands Institute of Psychotherapy
Detailed Statement of Financial Activities for the Period 1st October 2021 to 31st July 2022
| Detailed Statement of Financial Activities for the Period 1st October 2021 to 31st July 2022 |
|||
|---|---|---|---|
| Period | |||
| 1.10.21 | |||
| to | Year En | ded | |
| 31.7.22 | 30.9.21 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Other trading activities | |||
| Members subscriptions | 22,880 | 22,836 | |
| Training & course fees | 38,616 | 55,257 | |
| 61,496 | 78,093 | ||
| Investment income | |||
| Income from cash investments | - | 2,213 | |
| Total incoming resources | 61,496 | 80,306 | |
| EXPENDITURE | |||
| Other trading activities | |||
| Venue costs | 6,768 | 2,747 | |
| BJP/IJP | 1,182 | 1,755 | |
| Members' subscriptions | 210 | 2,750 | |
| Training, course fees & expenses | 17,808 | 19,418 | |
| Publicity | - | 1,737 | |
| UKCP expenses | 975 | 950 | |
| BPCC member fees | 1,103 | 2,151 | |
| No description | 160 | - | |
| 28,206 | 31,508 | ||
| Support costs | |||
| Management | |||
| Insurance | 1,181 | 970 | |
| Office costs | 500 | 535 | |
| Committee & administration | 40,069 | 47,691 | |
| 41,750 | 49,196 | ||
| Governance costs | |||
| Independent examination | 960 | 1,906 | |
| Total resources expended | 70,916 | 82,610 | |
| Net expenditure | (9,420) | (2,304) |
This page does not form part of the statutory financial statements
Page 10