REGISTERED COMPANY NUMBER: 02883306 (England and Wales) REGISTERED CHARITY NUMBER: 1031011
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st July 2025
for
West Midlands Institute of Psychotherapy
West - Chartered Accountants Suite K, Priest House 1624 High Street Knowle Solihull West Midlands B93 0JU
West Midlands Institute of Psychotherapy
Contents of the Financial Statements for the Year Ended 31st July 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
West Midlands Institute of Psychotherapy
Report of the Trustees
for the Year Ended 31st July 2025
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 year ended 31st July 2025. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity exists to improve understanding and provision of psychotherapy in the West Midlands. The Charity offers two routes to qualification as a psychotherapist, as well as CPD events for professionals and outreach events for the public. WMIP also operates a referral service and an online directory of therapists and also support members to develop and maintain themselves in safe, effective and ethical practice.
Significant activities
The West Midlands Institute of Psychotherapy (WMIP) is a group of professionally trained psychotherapists offering psychotherapy to the community of the West Midlands and beyond.
We can help with a broad range of mental health and emotional difficulties, we offer:
- Referral service
-Individual psychotherapy
-Clinical Supervision
We support continuing professional development through a variety of events and networking groups: - CPD events
- Members groups include - analytic film group, reading groups, seminar group
The Institute offers:
-
a training for Analytical Psychotherapists
-
a collaboration with the Birmingham Trust of Psychoanalytic Psychotherapy (BTPP) to offer a modified training for Child and Adolescent Psychotherapists to train as Adult Psychotherapists
-
Infant Observation
WMIP used to train Psychoanalytic Psychotherapists and many of our members are graduates of that training.
Public benefit
In preparing this report, the Board of Trustees has had due regard to the Charity Commission's guidance on public benefit. This sets out the acceptable charitable purposes which allow an organisation to claim charitable status. The Trustees consider that the aims and activities of WMIP meet these requirements under the following headings:
a) The advancement of education: by promoting, sustaining and increasing individual and collective knowledge and understanding of theory, skills and expertise through specialist psychotherapy training.
b) The advancement of health or the saving of lives: by improving access to psychotherapy, including some low-fee referrals and by upholding proper standards of practice through training, accreditation, CPD and the work of our ethics committee.
The individual work of many of our members in delivering services to vulnerable and disadvantaged groups such as refugees, victims of domestic and sexual abuse, infants and their primary carers, those struggling with addictions etc. is a further way in which WMIP adds value to society by supporting front-line workers.
ACHIEVEMENT AND PERFORMANCE
WMIP has continued to improve systems and to improve communication.
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West Midlands Institute of Psychotherapy
Report of the Trustees
for the Year Ended 31st July 2025
FINANCIAL REVIEW
Financial position
The accounts have been prepared for two separate cost centres:
-
Analytical Psychotherapy Training (APT)
-
WMIP Central
These two sets of accounts are then combined before the consolidated accounts are submitted to Companies House and also to the Charity Commission.
The two trainings, the WMIP administrator and our accountants, West-Chartered Accountants, have all helped us in this process.
Because of our size as a charity these accounts are not subject to "audit" but West-Chartered Accountants do act as "independent examiners".
The accounts show the following:
Account Income Expenditure Profit/(-Loss) Net Assets at end of period APT £44,862 £47,208 £-2,346 £15,474 Central £32,424 £33,232 £-808 £17,165 Consolidated 2024-25 £77,286 £80,440 £-3,154 £32,639 Consolidated 2023-24 £82,461 £85,475 £-3,014 £35,793
The net result in 2024-25 was that WMIP as a whole made a loss of £3,154.
The loss has increased by £140 year on year.
Membership numbers are currently 101 with revenues at £27,027 for the year.
Committee costs of £45,944 are £1,272 less than those incurred last year.
Net assets at the year end are £32,639 decreased by the loss of £ 3,154 incurred.
This level of net assets is sufficient to fund the activities of the institute at present. However, it is necessary to work to break even during each financial period.
Members subscriptions
Grade Current rate Professional £490 Clinical Associate £250 Student £183 Affiliate £95 Retired Honorary £nil
Bryan Arnott WMIP Treasurer
Reserves policy
The trustees consider that the level of reserves at present is sufficient to fund the activities of the Charity and work hard towards achieving break even during each financial period.
Page 2
West Midlands Institute of Psychotherapy
Report of the Trustees
for the Year Ended 31st July 2025
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.
Recruitment and appointment of new trustees
The trustees have the power at any time to appoint any person to be a trustee, either to fill a casual vacancy or as an addition to the existing trustees. Any trustee so appointed shall hold office only until the following AGM and shall then be eligible for re-election.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02883306 (England and Wales)
Registered Charity number
1031011
Registered office
Suite K, Priest House 1624 High Street Knowle Solihull West Midlands B93 0JU
Trustees
Diana Jill Houlston Bryan Charles Arnott Pauline Higham (resigned 9/6/2025) Phillip Edward Saleh (resigned 15/7/2025) Shane Sneyd (appointed 3/3/2025) Ms Laura Jane Chaisty (appointed 3/3/2025)
Independent Examiner
Susan West FCA West - Chartered Accountants Suite K, Priest House 1624 High Street Knowle Solihull West Midlands B93 0JU
Administration
Jools Rogers (appointed August 2020) 66 Smirrells Road Hall Green Birmingham B28 0LB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Bryan Charles Arnott - Trustee
Page 3
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 year ended 31st July 2025.
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 2. 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.
Susan West FCA
West - Chartered Accountants Suite K, Priest House 1624 High Street Knowle Solihull West Midlands B93 0JU
Date: .............................................
Page 4
West Midlands Institute of Psychotherapy
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31st July 2025
| 2025 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Other trading activities 2 77,286 EXPENDITURE ON Raising funds 32,340 Other 48,100 Total 80,440 NET INCOME/(EXPENDITURE) (3,154) RECONCILIATION OF FUNDS Total funds brought forward 35,793 TOTAL FUNDS CARRIED FORWARD 32,639 |
2024 Total funds £ 82,461 36,247 49,228 85,475 (3,014) 38,807 35,793 |
|---|---|
The notes form part of these financial statements
Page 5
West Midlands Institute of Psychotherapy
Balance Sheet
31st July 2025
| 2025 Unrestricted funds Notes £ CURRENT ASSETS Debtors 6 3,624 Cash at bank 40,796 44,420 CREDITORS Amounts falling due within one year 7 (11,781) NET CURRENT ASSETS 32,639 TOTAL ASSETS LESS CURRENT LIABILITIES 32,639 NET ASSETS 32,639 FUNDS 8 Unrestricted funds 32,639 TOTAL FUNDS 32,639 |
2024 Total funds £ 3,181 41,234 44,415 (8,622) 35,793 35,793 35,793 35,793 35,793 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2025 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 ............................................. and were signed on its behalf by:
.............................................
Bryan Charles Arnott - Trustee
The notes form part of these financial statements
Page 6
West Midlands Institute of Psychotherapy
Notes to the Financial Statements for the Year Ended 31st July 2025
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.
Debtors and creditors
Debtors receivable within one year and creditors payable within one year are recorded at transaction value.
2. OTHER TRADING ACTIVITIES
| Members subscriptions Training & course fees |
2025 £ 27,027 50,259 77,286 |
2024 £ 25,804 56,657 |
|---|---|---|
| 82,461 |
continued...
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West Midlands Institute of Psychotherapy
Notes to the Financial Statements - continued for the Year Ended 31st July 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st July 2025 nor for the year ended 31st July 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st July 2025 nor for the year ended 31st July 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Other trading activities | 82,461 |
| EXPENDITURE ON | |
| Raising funds | 36,247 |
| Other | 49,228 |
| Total | 85,475 |
| NET INCOME/(EXPENDITURE) | (3,014) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 38,807 |
| TOTAL FUNDS CARRIED FORWARD | 35,793 |
| TANGIBLE FIXED ASSETS | |
| Fixtures | |
| and | |
| fittings | |
| £ | |
| COST | |
| At 1st August 2024 and 31st July 2025 | 1,003 |
| DEPRECIATION | |
| At 1st August 2024 and 31st July 2025 | 1,003 |
| NET BOOK VALUE | |
| At 31st July 2025 | - |
| At 31st July 2024 | - |
continued...
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West Midlands Institute of Psychotherapy
Notes to the Financial Statements - continued for the Year Ended 31st July 2025
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Prepayments | 3,624 | 3,181 | ||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Social security and other taxes | 2,000 | - | ||
| Other creditors | 5,433 | 4,958 | ||
| Accruals and deferred income | 4,348 | 3,664 | ||
| 11,781 | 8,622 | |||
| 8. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.8.24 | in funds | 31.7.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 35,793 | (3,154) | 32,639 | |
| TOTAL FUNDS | 35,793 | (3,154) | 32,639 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 77,286 | (80,440) | (3,154) | |
| TOTAL FUNDS | 77,286 | (80,440) | (3,154) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.8.23 | in funds | 31.7.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 38,807 | (3,014) | 35,793 | |
| TOTAL FUNDS | 38,807 | (3,014) | 35,793 |
continued...
Page 9
West Midlands Institute of Psychotherapy
Notes to the Financial Statements - continued for the Year Ended 31st July 2025
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 82,461 | (85,475) | (3,014) |
| TOTAL FUNDS | 82,461 | (85,475) | (3,014) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.8.23 | in funds | 31.7.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 38,807 | (6,168) | 32,639 |
| TOTAL FUNDS | 38,807 | (6,168) | 32,639 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 159,747 | (165,915) | (6,168) |
| TOTAL FUNDS | 159,747 | (165,915) | (6,168) |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st July 2025.
Page 10
West Midlands Institute of Psychotherapy
Detailed Statement of Financial Activities for the Year Ended 31st July 2025
| Detailed Statement of Financial Activities for the Year Ended 31st July 2025 |
||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Members subscriptions | 27,027 | 25,804 |
| Training & course fees | 50,259 | 56,657 |
| 77,286 | 82,461 | |
| Total incoming resources | 77,286 | 82,461 |
| EXPENDITURE | ||
| Other trading activities | ||
| Venue costs | 10,335 | 7,020 |
| BJP/IJP | 83 | 271 |
| Training, course fees & expenses | 18,945 | 26,569 |
| UKCP expenses | 1,000 | 653 |
| BPCC member fees | 1,977 | 1,734 |
| 32,340 | 36,247 | |
| Support costs | ||
| Management | ||
| Insurance | 1,126 | 981 |
| Committee & administration | 45,944 | 47,216 |
| 47,070 | 48,197 | |
| Governance costs | ||
| Independent examination | 1,030 | 1,031 |
| Total resources expended | 80,440 | 85,475 |
| Net expenditure | (3,154) | (3,014) |
This page does not form part of the statutory financial statements
Page 11