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2024-07-31-accounts

COMPANY REGISTRATION NUMBER: 03160605 CHARITY REGISTRATION NUMBER: 1055137

Birmingham Trust For Psychoanalytic Psychotherapy Company Limited by Guarantee Unaudited Financial Statements

31 July 2024

BSN ASSOCIATES LIMITED

Chartered accountants 3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG

Doc ID: eeb423b9765497b80875995c393190113acac3c0

Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Financial Statements

Year ended 31 July 2024

Pages
Trustees' annual report (incorporating the director's report) 1 to 7
Independent examiner's report to the trustees 8 to 9
Statement of financial activities (including income and
expenditure account) 10
Statement of financial position 11
Statement of cash flows 12
Notes to the financial statements 13 to 23

Doc ID: eeb423b9765497b80875995c393190113acac3c0

Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 July 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2024.

Reference and administrative details

Registered charity name Birmingham Trust For Psychoanalytic Psychotherapy

Charity registration number 1055137 Company registration number 03160605 Principal office and registered Studio 322 Custard Factory office Gibb Street, Birmingham West Midlands B9 4AA United Kingdom The trustees Mr A L Aiers Mr D Willey Dr M Honeyman Miss S Beech Miss K Da Costa (Appointed 22 April 2024)

Company secretary K Booth Independent examiner Hannah Justice FCA FCCA 3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Structure, governance and management

The organisation is a charitable company limited by guarantee (registered in England and Wales). The organisation was incorporated on 16 February 1996 and is a registered charity under the Charities Act 2011. The charity is governed by its memorandum and articles of association.

The trustees have been led by D Willey, as Chair and has many years of senior HR experience in the NHS, and S Beech, as Vice Chair, who has many years of senior management and practitioner experience within BTPP. Our other trustees also have a range of different experiences in the NHS and CAMHS. We are extremely fortunate to have trustees with a range of experience of the NHS, HR and academia to guide us. BTPP owes a debt of gratitude to the trustees in helping to steer and contribute to the work of BTPP.

The charity is run on a daily basis by the company secretary and chief executive K Booth.

Trustees are kept informed of the charities activities through regular trustee meetings.

Trustee appointment and recruitment

The appointment of trustees is determined by the board as a whole. New trustees are sought through a headhunting process and initial interviews are conducted by the Chair and the Chief Executive.

The minimum number of trustees allowed under the charities governing document is three there is no maximum number. Throughout the period there were four trustees on average and at the year end there were five trustees on the board.

Induction and training of trustees

New trustees induction is carried out by the Chief Executive and they are invited to spend time engaging with any part of the work in which they are interested. Training is provided as required. Kanese Da Costa needed little introduction to BTPP and it’s activities, having trained in BTPP and she now teaches in BTPP too. Before deciding whether to agree to be a Trustee, and as part of her induction, Kanese had meetings with Kevin Booth and David Willey and joined a Trustee meeting to gain first hand experience of the work done by a Trustee.

Due to recent financial concerns the Chair of Trustees has recommended that the next trustee needs to be someone with financial experience.

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Objectives and activities

BTPP's core objective is to provide quality, accessible and affordable psychoanalytic training to professionals working with children in the West Midlands. The main objective of the charity is to build, manage and use the necessary resources to support this activity and, importantly, to support those wishing to access such education.

The activities for 2023/2024 include delivering the;

Perinatal, child, adolescent and family work: a psychoanalytic observational approach (M7)

This course is delivered in association with the University of Essex and the Tavistock and Portman NHS Trust. In total there were 16 first years, 5 second years and 4 third years (all of whom were successful in gaining places on the Clinical Training in 2024/2025). This made a total of 25 students in all on the infant observational studies course.

Four students were offered full bursaries, either because they were earning less than £17,000, or because they were eligible for Health Education England funded EDI targeted bursaries. Five others were offered partial bursaries to continue their studies and to support their efforts towards applying for the Child Psychotherapy training.

Clinical training in child psychotherapy

BTPP continues to deliver funded places for child psychotherapy training in the Midlands commissioned by NHS England (Commissioning) in a new format. The newly commissioned training model, developed with Birmingham City University, delivers an integrated clinical doctorate from September 2023. The new commissioning contract for these new trainees has been formulated by NHS England (Commissioning) at a significantly reduced funding rate. Seven trainees were appointed to join the first-year doctorate course in the 2023/2024 academic year to funded training posts.

The remining clinical training cohort included 11 second years and 6 trainees in the third year and 11 in years 4 and 4 plus.

One Trainee was on extended sick leave. Four BTPP Trainees qualified in that academic year, three in July and one in August 2024. One went on to teach in an additional needs school, one works in CAMHS in Australia, the remaining two obtained NHS posts in that year.

BTPP has continued its work to support students undertaking this training through trainee support loans and some bursaries in exceptional and extenuating circumstances.

Modified Adult Psychotherapy training.

This course was into its second year. It is a course that will lead to British Psychoanalytic Council accreditation and is delivered in conjunction with the West Midlands Institute

for Psychoanalysis. There were three new first years with two trainees progressing to their second year. Two others completed the related introductory course. This course is of is strategic importance to the development and consolidation of BTPP's activities as a Child Psychotherapy training school for the Midlands in that, not only does it provide an important opportunity to deepen psychoanalytic skills

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

for Child Psychotherapists but it will also increase the availability of training analysis and psychotherapy places in the Midlands for future CAPPT trainees.

Introduction To Infant Mental Health

This course is funded through Charitable sources to successfully address several needs, not least of which is to improve awareness of infant mental health issues amongst staff working with children in the Midlands. Another added benefit is that this course continues to be a valuable addition to our capacity to offer a brief course as an introduction to this way of thinking therefore helping to establish a training escalator like structure to courses in BTPP.

Continuing professional development

Six Child Psychotherapists undertook and completed the 'Supervision in Child Psychotherapy' CPD course.

Staff

For most of the 2023/24 year BTPP had a total of 11 permanent part time staff teaching on and administrating the clinical training and the Infant Observation course. In total these part time posts amount to 4.93 whole time equivalent posts. Half of those on payroll work on the Child psychotherapy training. Two work on the M7 and one on the Modified Adult training. There is an administrator and a business manager, between whom handle BTPP’s administration.

This salaried group are complemented by 10 self-employed senior tutors teaching on the clinical training and the infant observation course on a sessional basis. Nine regular visiting teachers also contributed to the clinical training, all of whom are on a self- employed sessional basis.

BTPP had one administrator on a 0.6 WTE basis. A Business Manager was recruited in March 2024 on a full-time basis.

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Achievements and performance

It has been an achievement to successfully continue to deliver all of the above, in a context of the pressures on NHS services. In this academic year, under great pressure to successfully do so BTPP was able to write a new curriculum and have it passed by Birmingham City University and to begin to deliver that course. Great credit goes to the team of Trustees and Staff who kept a 'steady ship' in this difficult time. The Director and Head of Training, along with the lead for the Clinical Doctorate had to give dedicated time to get the work completed. This brought additional costs to BTPP.

During the Covid pandemic BTPP’s teaching had to be delivered online. As a result of increased recruitment to both the child psychotherapy training and the M7, the size and number of rooms available to us in the Custard Factory means that we have continued to deliver both trainings using a hybrid model, i.e. both courses alternating one week online and the next in person. It has been an achievement to develop and deliver this hybrid attendance model.

In the past 3 years BTPP has successfully negotiated a national recommissioning process, a professional body reaccreditation and developed and implemented the integrated clinical doctorate. This has been a period and enormous change and the successful negotiation of these hurdles leaves BTPP as a commissioned, funded and accredited training school for the next 5 year cycle.

Risk management

The trustees regularly review the major risks to which the charity is exposed and this is reviewed annually by the trustees. Particular attention continues to be paid to those risks relating to specific operational areas of the charity, especially child psychotherapy training, its finances and its relationship with partner agencies.

The biggest risk BTPP faces at the end of this financial year arises from the September 2023 initiated new funding model for the child psychotherapy training. BTPP took on the new contract to deliver Child Psychotherapy trainings for the NHS aware that the contract arrangements entailed a big change in the funding arrangements, i.e. much increased costs to BTPP alongside reduced funding.

Before undertaking the commissioned contract BTPP was aware that we would need 2 years of experience of delivering the doctoral training under this new funding model before we could really get a true picture of the impact of this new funding model. We predicted therefore that in the financial year September 2024/25 we would need to look at the cost base of delivering all of BTPP’s trainings and to look at increasing our income streams to make financial corrections to manage the imbalance between what BTPP receives to deliver the child psychotherapy training course compared with what it currently costs to deliver.

While these accounts include some one off costs, (extra staff salary and other costs related to setting up the doctorate and recruitment fees) in a sense the start of the impact of the new funding model can be seen in these accounts. As with each annual intake of Trainees increases the proportion of trainees under the new funding model BTPP’s Business manager has been able to predict that the negative cost/income balance will have a significant impact on BTPP’s reserves. The Director/ Head of Training and the Business manager are working closely with the Trustees to agree a business plan to make a correction of over £200,000 in our annual income expenditure over the next 12 months to manage the impact on BTPP’s financial situation and to allow us to get to 2028 when we can renegotiate the contract.

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Investment Policies

The Charity's investments comprise of funds held in bank deposit accounts and are held as current assets. This has been considered as an appropriate form of investment given the depletion of the Charity's reserves in recent years. As the charity continues to manage the impact of the new funding context on it’s reserves, the Trustees will take advice how best to manage current reserves through suitable investments.

Public Benefit

The trustees consider that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

BTPP benefits the public of the region in various ways.

Primarily, the Charity's educational aims are to train professionals who work with children with physical or mental health issues to improve their capacity to understand and interact with their clients about traumatic and painful events. This is particularly difficult with very young children who may have experienced significant abuse whilst still pre-verbal.

The training thus helps break the cycle of deprivation by increasing workers sensitivity to the difficulty of parenting for all of us but particularly for those who haven't been parented themselves. A compassionate and non-judgemental attitude in professionals has a hugely positive impact upon those in need.

A secondary aim of BTPP is to enable workers from deprived or educationally impoverished backgrounds (for whatever reason) to fulfil their full potential. Many now qualified professionals and psychotherapists would not have been able to train were it not for the work of the Charity.

The greater capacity to deliver therapy and other services to children and families as a result of the training provided by the BTPP training school, and supported by the charity, serve in a very demonstrable way to improve lives.

Financial review

This charity's objectives and activities principally are to train child psychotherapists and to support trainees to undertake the training, and the training of other staff in issues relating to child mental health. The charity needs a sustainable financial situation to ensure that it is stable through the cycle of recruitment to training to the completion of training.

The charities reserve policy is to maintain at least one years running costs in reserves. As discussed above, BTPP’s reserves are being monitored closely and managed to optimise our investment returns.

Due to foreseeable pressures and financial difficulties for the training school consequent to changes in the funding structure for the child psychotherapy training, the trustees continue to be financially prudent and cautious in order to maintain sufficient investments and reserves and to continue to review income and expenditure so that there are sufficient funds to finance BTPP's continued educational activities.

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

All loans that are now given out have to have clear repayment schedules, with fewer BTPP funded bursaries than heretofore until further notice, apart from situations where there is exceptional extenuating circumstances.

The charities cash reserves at the year end were £413,308 compared to £680,646 in the prior year, with a deficit in the current year of £106,118 compared to a surplus of £11,071 in the prior year. Total unrestricted reserves at 31 July 2024 amounted to £626,214 and restricted funds amounted to £38,782.

Plans for future periods

The key task facing BTPP in the coming years is to respond to the forecasted income and expenditure deficit, to bring down the cost of delivering the training per trainee per year and to maximise our income streams and to achieve an income and expenditure parity.

Equally, it is important to a charity like BTPP to be able to continue to assist those who can benefit from our trainings but whose financial wherewithal makes that difficult. The priority, as agreed by BTPP's Board of Trustees, over the coming financial periods will be to continue to function as a charity whose goal is to support people to access psychanalytic trainings, and to offer support where possible, but, importantly, within the Charity’s financial constraints. Unfortunately, this is likely to mean a reduced overall level of support received by Trainees and students of BTPP.

Within the context of these financial limitations BTPP will continue its current activities in the areas of delivering high quality courses in clinical training in child psychotherapy, in infant observation, infant mental health and in adult psychotherapy, and to go on delivering continuing professional development courses for the child and adult psychotherapy community in the Midlands.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 14[th] April 2025 and signed on behalf of the board of trustees by:

DK Mr D Willey Trustee

K Booth Charity Secretary

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Birmingham Trust For Psychoanalytic Psychotherapy

Year ended 31 July 2024

I report to the trustees on my examination of the financial statements of Birmingham Trust For Psychoanalytic Psychotherapy ('the charity') for the year ended 31 July 2024.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements 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

  4. the financial statements 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).

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Birmingham Trust For Psychoanalytic Psychotherapy (continued)

Year ended 31 July 2024

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.

Hannah Gutice HATE

Hannah Justice FCA FCCA Independent Examiner

3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG

14[th] April 2025

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 July 2024

2024 2023
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 19,252 9,826 29,078 4,866
Charitable activities 6 827,002 - 827,002 774,396
Investment income 7 7,410 7,410 3,583
-------------------------------- ----------------------- -------------------------------- --------------------------------
Total income 853,664 9,826 863,490 782,845
================================ ======================= ================================ ================================
Expenditure
Expenditure on charitable activities 8,9 963,383 6,225 969,608 771,774
-------------------------------- ----------------------- -------------------------------- --------------------------------
Total expenditure 963,383 6,225 969,608 771,774
================================ ======================= ================================ ================================
-------------------------------- ----------------------- -------------------------------- --------------------------------
Net (expenditure)/income and net
movement in funds (109,719) 3,601 (106,118) 11,071
================================ ======================= ================================ ================================
Reconciliation of funds
Total funds brought forward 735,933 35,181 771,114 760,043
-------------------------------- ---------------------------- -------------------------------- --------------------------------
Total funds carried forward 626,214 38,782 664,996 771,114
================================ ============================ ================================ ================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 13 to 23 form part of these financial statements.

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Statement of Financial Position

31 July 2024

2024 2023
Note £ £ £
Current assets
Debtors 15 376,452 160,186
Cash at bank and in hand 413,308 680,646
-------------------------------- --------------------------------
789,760 840,832
Creditors: amounts falling due within one year 16 124,764 69,718
-------------------------------- --------------------------------
Net current assets 664,996 771,114
-------------------------------- --------------------------------
Total assets less current liabilities 664,996 771,114
-------------------------------- --------------------------------
Net assets 664,996 771,114
================================ ================================
Funds of the charity
Restricted funds 38,782 35,181
Unrestricted funds 626,214 735,933
-------------------------------- --------------------------------
Total charity funds 18 664,996
================================
771,114
================================

For the year ending 31 July 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 14[th] April 2025, and are signed on behalf of the board by:

eo

Mr D Willey Trustee

The notes on pages 13 to 23 form part of these financial statements.

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 July 2024

2024 2023
£ £
Cash flows from operating activities
Net (expenditure)/income (106,118) 11,071
Adjustments for:
Other interest receivable and similar income (7,410) (3,583)
Interest payable and similar charges 174 175
Accrued expenses/(income) 53,791 (24,777)
Changes in:
Trade and other debtors (216,266) (38,111)
Trade and other creditors 1,255 1,856
-------------------------------- ----------------------------
Cash generated from operations (274,574) (53,369)
Interest paid (174) (175)
Interest received 7,410 3,583
-------------------------------- ----------------------------
Net cash used in operating activities (267,338) (49,961)
================================ ============================
Net decrease in cash and cash equivalents (267,338) (49,961)
Cash and cash equivalents at beginning of year 680,646 730,607
-------------------------------- --------------------------------
Cash and cash equivalents at end of year 413,308 680,646
================================ ================================

The notes on pages 13 to 23 form part of these financial statements.

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 July 2024

1. General information

The charity is a private company limited by guarantee, registered in England and Wales. The registered office of the charity and its principal place of business is Studio 322, Custard Factory, Gibb Street, Birmingham, West Midlands,B9 4AA.

The principal activity of the charity is the provision of training, education and support for professionals undertaking further training to enhance the emotional attunement of their professional services delivered to children, along with support for those undertaking the child and adolescent psychotherapy training.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The charity has experienced changes to its funding structure from August 2024 which will have a significant impact on its activities and its ability to continue as a going concern for more than 12 months unless significant cost savings are made. The charity trustees are confident that sufficient cost savings can be made to enable the charity to continue and therefore the accounts have been prepared on a going concern basis.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under FRS 102:

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

3. Accounting policies (continued)

Fund accounting (continued)

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of the appeal.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Concessionary loans

Concessionary loans are made by the charity to advance the charity's purposes for the benefit of the beneficiaries and not to achieve a financial return. Concessionary loans are initially measured at the amount loaned and adjusted in subsequent years to reflect repayments, any accrued interest and any impairment.

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

3. Accounting policies (continued)

Books

The charity owns a number of books which are held for research and reference, due to the specialised nature of these books it is not considered appropriate to value them.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The charity is a company limited by guarantee. The liability of the members is limited to £1.

5. Donations and legacies

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024
£ £ £
Donations
Donations 19,252 9,826 29,078
============================ ======================= ============================
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations
Donations 4,866 4,866
======================= ============== =======================
6. Charitable activities
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Training agreement 719,715 719,715
M7 Diploma course fees 28,712 28,712
Supervision fees 5,800 5,800
Book sales 522 522
Clinical fees 32,263 - 32,263
Adult Training 16,670 - 16,670
Other courses 1,120 _ 1,120
Contribution to equality, diversity and national lead
post 22,200 22,200
-------------------------------- -------------- --------------------------------
827,002 _ 827,002
================================ ============== ================================

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

6. Charitable activities (continued)

Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Training agreement 695,235 695,235
M7 Diploma course fees 37,140 37,140
Supervision fees 3,245 3,245
Book sales 308 308
Adult training 8,200 8,200
Other courses 8,068 - 8,068
Contribution to equality, diversity and national lead
post 22,200 22,200
-------------------------------- -------------- --------------------------------
774,396 774,396
================================ ============== ================================
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Bank interest 7,410 7,410 3,583 3,583
======================= ======================= ======================= =======================
Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Training, education and support in relation to child
and adolescent psychotherapy training 805,259 6,225 811,484
Support costs 158,124 158,124
-------------------------------- -------------- --------------------------------
963,383 6,225 969,608
================================ ============== ================================
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Training, education and support in relation to child
and adolescent psychotherapy training 655,012 655,012
Support costs 116,762 116,762
-------------------------------- -------------- --------------------------------
771,774 771,774
================================ ============== ================================

7. Investment income

8. Expenditure on charitable activities by fund type

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Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

9. Expenditure on charitable activities by activity type

Activities
undertaken Support
Total funds
Total fund
directly costs 2024 2023
£ £ £ £
Training, education and support in
relation to child and adolescent
psychotherapy training 811,484 154,087 965,571 767,765
Governance costs 4,037 4,037 4,009
-------------------------------- -------------------------------- -------------------------------- --------------------------------
811,484 158,124 969,608 771,774
================================ ================================ ================================ ================================
Direct costs can be analysed as follows
Unrestricted Restricted Total funds Total funds
funds funds 2024 2023
£ £ £ £
Teaching fees and expenses 100,703 6,225 106,928 74,180
M7 registration fees 26,520 26,520 18,375
BCU registration fees 35,663 - 35,663 -
Students supervision 55,960 - 55,960 33,337
Analysis 288,554 288,554 257,475
Wages and salaries 239,555 239,555 198,186
Employers NIC 17,168 17,168 11,833
Pension costs 24,712 24,712 24,893
Bursaries and student loan debts 4,205 4,205 2,939
Other office costs 295 295 362
Secondment of national lead post 10,865 10,865 32,595
Books 1,059 1,059 837
-------------------------------- -------------- -------------------------------- --------------------------------
805,259 6,225 811,484 655,012
================================ ============== ================================ ================================

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Doc ID: eeb423b9765497b80875995c393190113acac3c0

Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

10. Analysis of support costs

Unrestricted Restricted Totals funds Total funds
funds funds 2024 2023
£ £ £ £
Wages and salaries 37,954 -- 37,954 23,867
National insurance 3,459 3,459 2,083
Pension costs 5,973 5,973 937
Other office costs 12,103 12,103 8,485
Rent, service charge and rates 54,130 54,130 48,940
Light and heat 1,307 1,307 1,667
Insurance 9,044 9,044 7,423
Legal and professional fees 21,621 21,621 10,654
Telephone 3,118 3,118 3,376
Computers & Software 5,378 5,378 5,321
-------------------------------- -------------- -------------------------------- --------------------------------
154,087
================================
-
==============
154,087
================================
112,753
================================

Governance costs can be analysed as follows

Unrestricted Restricted Total funds Total funds
funds funds 2024 2023
£ £ £ £
Accountancy fees 2,793 2,793 2,764
Independent examination fees 1,070 1,070 1,070
Bank charges 174 174 175
----------------------- -------------- ----------------------- -----------------------
4,037 4,037 4,009
======================= ============== ======================= =======================

11. Net (expenditure)/income

Net (expenditure)/income is stated after charging/(crediting):

2024 2023
£ £
Fees payable for the independent examination of the financial
statements 1,070 1,070
Rent on land and buildings 52,036 47,867
============================ ============================
12. Independent examination fees
2024 2023
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,070 1,070
======================= =======================

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Doc ID: eeb423b9765497b80875995c393190113acac3c0

Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

13. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2024 2023
£ £
Wages and salaries 277,509 222,053
Social security costs 20,627 13,916
Employer contributions to pension plans 30,685 25,830
-------------------------------- --------------------------------
328,821
================================
261,799
================================

The average head count of employees during the year was 10 (2023: 10). The average number ,,,,,,,,,of full-time equivalent employees during the year is analysed as follows:

2024 2023
No. No.
Administration staff 1 1
Teaching & administration staff 1 1
Teaching staff 8 8
-------------- --------------
10 10
============== ==============

The number of employees whose remuneration for the year fell within the following bands, were:

2024 2023
No. No.
£70,000 to £79,999 1
£80,000 to £89,999 1
-------------- --------------
1 1
============== ==============

Key Management Personnel

Remuneration paid to key management personnel in the year was £86,168 (2023: £78,000).

14. Trustee remuneration and expenses

During the year one trustee was compensated for teaching and expenses in the year this amounted to £4,461 (2023:£Nil).

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Doc ID: eeb423b9765497b80875995c393190113acac3c0

Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

15. Debtors

2024 2023
£ £
Concessionary loans 143,605 128,206
Prepayments and accrued income 232,847 31,980
-------------------------------- --------------------------------
376,452 160,186
================================ ================================
The debtors above include the following amounts falling due after more than one year:
2024 2023
£ £
Concessionary loans 134,192
================================
112,273
================================

Concessionary loans are unsecured and interest free, repayment terms vary to suit the beneficiary.

16. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals and deferred income 116,916 63,125
Social security and other taxes 7,848 6,593
-------------------------------- ----------------------------
124,764 69,718
================================ ============================

17. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £30,685 (2023: £25,830).

18. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 August 2023 Income Expenditure 31 July 2024
£ £ £ £
Unrestricted fund 735,933 853,664 (963,383) 626,214
================================ ================================ ================================ ================================
At At
1 August 2022 Income Expenditure 31 July 2023
£ £ £ £
Unrestricted fund 724,862 782,845 (771,774) 735,933
================================ ================================ ================================ ================================

The unrestricted funds are the free reserves of the charity and are available for use by the charity to further its charitable objectives.

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Doc ID: eeb423b9765497b80875995c393190113acac3c0

Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

18. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At At
1 August 2023 Income Expenditure 31 July 2024
£ £ £ £
Restricted Fund 35,181 9,826 (6,225) 38,782
============================ ======================= ============== ============================
At At
1 August 2022 Income Expenditure 31 July 2023
£ £ £ £
Restricted Fund 35,181 35,181
============================ ============== ============== ============================

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Doc ID: eeb423b9765497b80875995c393190113acac3c0

Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

18. Analysis of charitable funds (continued)

The restricted funds are comprised of the following:

Balance
carried
Balance brought forward Income Expenses forward
£ £ £ £
Toy fund 2,144 2,144
Professional
development fund 8,108 500 8,608
M-S Fontana fund 1,563 1,563
Infant mental health
workshop fund 8,594 5,500 (3,925) 10,169
Travel fund 2,571 (2,300) 271
Meltzer Trust Fund 12,201 3,826 16,027
---------------------------- ----------------------- -------------- ----------------------------
35,181 9,826 (6,225) 38,782
============================ ======================= ============== ============================

Toy fund

The toy fund relates to monies received specifically to provide toys to children to help the charity further its charitable activities. The remaining balance relates to monies yet to be spent.

Professional development fund

The professional development fund relates to monies received specifically to fund the professional development within the charity to further its charitable activities. The balance on the fund relates to monies yet to be spent.

M-S Fontana fund

The M-S Fontana fund relates to monies received that have been restricted with the balance on the fund being the remaining balance yet to be spent.

Infant mental health workshop fund

This fund relates to monies received to specifically develop a programme on infant mental health that the charity can then offer to further its charitable activities and benefits. The remaining balance on the fund relates to monies yet to be spent.

Travel fund

The fund relates to monies received specifically towards patient travel. The remaining balance relates to monies yet to be spent.

Meltzer Trust Fund

The fund relates to monies received that will be used as requested by the trust fund.

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Doc ID: eeb423b9765497b80875995c393190113acac3c0

Birmingham Trust For Psychoanalytic Psychotherapy

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

19. Analysis of net assets between funds

Total
General Designated Restricted Funds
Funds Funds Funds 2024
£ £ £ £
Current assets 320,547 430,431 38,782 789,760
Creditors less than 1 year (124,764) (124,764)
-------------------------------- -------------------------------- ---------------------------- --------------------------------
Net assets 195,783 430,431 38,782 664,996
================================ ================================ ============================ ================================
Total
General Designated Restricted Funds
Funds Funds Funds 2023
£ £ £ £
Current assets 210,260 595,391 35,181 840,832
Creditors less than 1 year (69,718) (69,718)
-------------------------------- -------------------------------- ---------------------------- --------------------------------
Net assets 140,542 595,391 35,181 771,114
================================ ================================ ============================ ================================

The designated fund are monies allocated by the trustees which are to be used to fund various aspects of the charities charitable activities which among other things can be used to help students fund their training either through the form of loans or bursaries. Designated funds have reduced in the year as the trustees have used some of these funds to fund the main activities of the charity.

20. Analysis of changes in net debt

At At
1 Aug 2023 Cash flows 31 Jul 2024
£ £ £
Cash at bank and in hand 680,646
================================
(267,338)
================================
413,308
================================

21. Operating lease commitments

The total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
Not later than 1 year 43,028 35,221
Later than 1 year and not later than 5 years 24,373 46,324
-------------- ----------------------------
67,401 81,545
============== ============================

Operating lease payments recognised as an expense amounted to £54,359 (2023 - 42,223).

22. Related parties

There are no related party transactions to disclose.

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Doc ID: eeb423b9765497b80875995c393190113acac3c0

14[th] April 2025

To: The Directors BSN Associates Limited 3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG

Dear Directors

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of Birmingham Trust for Psychoanalytic Psychotherapy financial statements for the year ended 31 July 2024. These enquiries have included inspection of supporting documentation where appropriate. All representations are made to the best of our knowledge and belief.

General

1 We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.

2 We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006.

3 We confirm that Birmingham Trust for Psychoanalytic Psychotherapy was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 July 2024 audited. We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006.

4 We have fulfilled our responsibilities as directors / trustees, as set out in the terms of your engagement letter dated 11 January 2024 under the Companies Act 2006 and Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice), which you have drafted on our behalf, which give a true and fair view of the financial position of Birmingham Trust for Psychoanalytic Psychotherapy as of 31 July 2024 and of the results of its activities for the year then ended and for making accurate representations to you. We acknowledge as directors / trustees our responsibility

Doc ID: eeb423b9765497b80875995c393190113acac3c0

for ensuring the accuracy of the accounting records and the financial statements prepared from them.

5 All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records.

6 Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.

7 All accounting policies have been appropriately applied during the period and are correctly disclosed in the accounts.

8 We acknowledge our responsibility for the design, implementation and maintenance of controls to prevent and detect fraud. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.

9 We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of and that affects the charity and involves, management, employees who have significant roles in the internal control, or others, where fraud could have a material effect on the financial statements.

10 We have disclosed to you all information in relation to allegations of fraud, or suspected fraud affecting the charity’s financial statements communicated by employees, former employees, analysts, regulators or others.

11 All the accounting records and related financial information, including minutes of all management and trustee meetings and correspondence with The Charity Commission have been made available to you for the purpose of your work and no information has been withheld.

Assets and liabilities

12 The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company’s assets, except for those that are disclosed as applicable in the notes to the financial statements.

13 All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as applicable.

14 We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.

Loans and Arrangements

15 The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors / trustees other than those disclosed in the financial statements.

Doc ID: eeb423b9765497b80875995c393190113acac3c0

Legal Claims

16 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed as applicable in the financial statements.

Laws and regulations

17 We have disclosed to you all known instances of non-compliance or suspected noncompliance with laws and regulations whose effects should be considered when preparing the financial statements.

Related parties

18 Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with the requirements of company / charity law or accounting standards.

Subsequent events

19 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed as applicable.

Going concern

20 We believe that the charitable company financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charitable company ability to continue as a going concern need to be made in the financial statements.

Grants and donations

21 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Restricted Funds

22 All restricted funds have been appropriately managed during the period and have only been used by the charity for the purposes intended. We confirm that the restricted funds at the year end are complete to the best of our knowledge.

Doc ID: eeb423b9765497b80875995c393190113acac3c0

Yours faithfully,

Signed on behalf of the board of directors/trustees of Birmingham Trust for Psychoanalytic Psychotherapy

D Willey

eo

......................................................................................................................................

Director/Trustee

14 April 2025

Doc ID: eeb423b9765497b80875995c393190113acac3c0

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BTPP Accounts for signature Title Title File name File name BTPP_Accoun...gnature.pdf and 1 other Document ID Document ID eeb423b9765497b80875995c393190113acac3c0 Audit trail date format Audit trail date format DD / MM / YYYY Status Status 9 Signed Document history G 14 / 04 / 2025 Sent for signature to David Willey SENT 10:53:35 UTC (davidwilley@btinternet.com), Kevin Booth (kevin.booth@btpp.co.uk) and Hannah Justice (hannah.justice@bsnassociates.co.uk) from rhys.turner@bsnassociates.co.uk IP: 91.238.195.95 © 14 / 04 / 2025 Viewed by Hannah Justice VIEWED 11:01:30 UTC (hannah.justice@bsnassociates.co.uk) IP: 91.238.195.95 14 / 04 / 2025 Signed by Hannah Justice SIGNED 11:01:45 UTC (hannah.justice@bsnassociates.co.uk) IP: 91.238.195.95 14 / 04 / 2025 Viewed by Kevin Booth (kevin.booth@btpp.co.uk) VIEWED 13:14:05 UTC IP: 78.137.151.220

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BTPP Accounts for signature Title Title File name File name BTPP_Accoun...gnature.pdf and 1 other Document ID Document ID eeb423b9765497b80875995c393190113acac3c0 Audit trail date format Audit trail date format DD / MM / YYYY Status Status 9 Signed

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