Trnstees/Directors and Advisers TrusteeslDireetors Ms A A M Mccabe MrARJPaTk Dr C J Ralph Ms J. Baker M& S. E. Campbell Ms. J. Cobb Ms. D. K. Fitzgerald Ms. D. H. G(xJes Ms. L. A. H. Pavinci Mr. L H. Tollemache Ms. l. Bakal Ms. O. Gal resigll¢d 2111 Ir2020 resigned 2111 Ir2020 appoit)t¢d 2111 If2w20 Company Secretry (Member Trustee) Ms. D. H. fjoodes opKx)in*d 2111 Ir2fr20 IndependeDt examiner Vantage Accotmting Servic&8 Ltd SG House 6 St Cross Road Winchester H8rnpshir¢ S023 9HX
TRUSTEES'IDIREcfoRS' REPORT The Directors present to the m¢mbers the financial stafrmts of the Company for th¢ period ended 3 1st JUIY 2021. together with their rcporL In preparing this rem the Directors have tsken advantsge of sotne of the special ex•oDS applicable to small companies. STATEMEN[ OF DtRECTORS' RESPONSIBILITtES The Directors are responsible for ke¢piDg proper accounting r¢cords, which disclos¢ with reasonable accuracy at any time the fmancial position of th¢ Company, enabling them to ensure that the accounts comply with the Companies Act 2(M)6. They are responsible for safeguarding the assets of the company andhence fortaking re&sonable steps forthe prevention and detection of fraud and other irregularities. In deternI how amounts are presented within items in the Statement olFinancial Activity and Stat¢ment of Fina[la1 Positio the Directors must have regard to the substance of the reFK)rted Irdnsactionoraemenl in accordance with gellernlly accepted accounting principles or practice. OBJECTS AND PRINCIPAL ACTIVITIES The company is a registered charity and the object and principal activity is the protection and preservation of mentsl and emotional health and stability by the provision of psychoanalytic psychotherapy and training in mental health Care. the educthion and training thereto and the research io conn¢ction with the foregoing (the us¢ful results of which will be made available to the public) in all respects in accordance with the Law of Charity of England and Wales. Ther¢ have been no changes in the objectives of the charity during the year. The Truste¢s have paid due regardtothe guidaa(Y by the Charity CoDllnission onpublic benefit iti deciding wIt adivities the tnt should undertake The Directors, listed on page 3. are appointed by election lo the management committee. They are the guarantors of the Company to an amount not to exceed £1 per persoL The company is limited by guarantee and is ptohibited from making any form of distribution to the guarantors. The trust de¢d provides for a minimum of three tr. Th¢ governing document is available for viewing at the re office of the charity. All Directorthkn pmvide their servAces without rewvdrd Achievement and Performante Annual Report from the Chair olcoumeil Achievement & PerfonDanet Having ixen CrpIed into the role in D#ember 2020. this is my first anttual wrt Cbair. Fitstly? E want to thank Anneke M¢Cabe. who completed her tern) &$ Chair at the 2020 AGW for her clear and sure guidance of the organisation during her t¢rnTr. Sh¢ is a hard to follow. l am also grateful for the support of D¢bor8h Gdes. Secretary. and S8rah CaMlL Treasurer. along with the two athninistrator& Pilar Lafuente and MaTia Oakley. for their h¢lp and me in finding my feet in Ihis role. l also want mention the imtA)rtant and thoughthil supwt and gUIdae of the mernbers of Council during this1&8t year. During the year there have aL80 t*en other imp)rtanl peN)nnel changes in the organisation:
Oshrat Gal was elected to Council at the 2020 AGM Alan Arthibald joined the ICC a% Referral therapist and has tsken on the role with care and enthllsiasm. We are grateful for the dl¢at1 and commthent shown by Euge Lknyle thring his ttriod as sol¢ RefeTrl Therdpist IA)uise W0(Ath st¢prd down as Referrnls Mawer to ¢on¢entr on her other Louise played a C181 role in $I10g the recent refOrn to the Referraj SeTvice deSId to make IL and the Real Therapist role in particular, more 581nab1e. The ICC is very grateful to Louise for her important contrilxrtion. Jo Baker stePF1 into the rol¢ of Referrals Mawger Tole but will shortly stepping down and anew RefeJTats M&]agvwill be neede<L Jo Baker stepped down as Secretsry FAaving Fwformed the tole Tefiy and conscientiously throughout her thr¢e-year tenn. Aftermanyyearsofpatientandiirele&s WO ProvidlltheorgalliSatiWIth imw)t1antoutome inforn)ation Wendy Postans retired as the c4[dinat0r of Core. So far n(one h&8 come forward to take up this role and Council will review our w of Core. Wendy has been amember of the ICC for tDany yeats giving thoughthl and dedicated service. I would Ie to take the opportimty to thank her for her SI7ficant contribution to the life of the organisatiotL Colin Ralph will step down as aTrth at the 2021 AG having completed nine years on Coun¢il. He will coniinue lo attend Council in his role as Chair of the Clinical Fonlm Grw. Robert Tollemache will also step down from Courtil. Robert h&s teen awKiated with the ICC in vartOUS roles as a member an¢1 more recently. &$ External TnL. for over 40 years. He h&8 been a solid supporter of the organisation K1 h&s made an enorniotLS contriblon for which we sincerely thank him. He will b¢ gteady mi&s&l. These changes in the rwle in key rol in the ICC havfy of cour¥ tsken place again%t the backdrop of the Covid-19 pandemic. This h&5 been a difficult year for tnany and we. as people and professionals, are not exempL Th¢ adap10$ of working from home and the difficulties of Frsonal ¢ircum5tances have Cated their own PTessures for us all. As an organisation the ICC h&s f1 its own challenges ptEsenled by the global p8ndemic. The instructions to 'stay at IM)me 8nd work from home if you can. Iwl immediate implications for our consulting room at St Margaret's House which could tKrt be usejj during lockdown. Jenny Cobb. in h¢r role as Room Rentsls Manager w&8 able to a rent Concession which w&8 pad on to ro)m u8eTS and for which we were very gratefid. Unfortunately. this short-terni and the reded rrM)m usage balanced against the oOig ¢onsist¢nt exiJre of maintainin8 the room result¢d in a redu¢tion in this important income stream for the ICC. Later in the year. as I(kdOWn w&$ eawl Jenny Cobb pr¢par&J gutdelines for metnbers returning to see patients in-pet50n. It became clear that adequate wifi would be essential in the consulting ri)om. After much reseaTcl4 SaTah Campbell arrangeAI the installation of mobile wifi in the room to fllItate blended w01n& The pandemic 50 had a significant effect on both the volume a1 type of referrals. Although there was much coe during 1rtkdoW for the mentsl Wellbei of the natio w¢ saw a redudion in the overdll number of referrals and an iticre&se in theprokN)rtion ofrJueed-fee referrats who are often difficult to place. These changes were consistent with experience in many otherpsychotherapy clinics in London. Thing5 Ftave recently begun to sthbilise. with an increasing pro[thi( of medium and standard fee referrs. What has been highlight however. is an external of the ICC &s a provider of low-fe4 or even fe. psychotherdpy. Led by Ilana Bakal the PR & hthlicity committee have been seeking to cOe¢t this impression and wnsidering how to promofr a more tealistic impression of the ICC to the public including reviewing the website and oursfKial mediaprofile. Meanwhile. inordertoty to problem-solvethe increased proportion of low-fee referral4 Deirdre Fitzgerald and tKsley PavincAcl4 the memErship secretsTies, have CO{UCted a surY¢y of memt*rs to clortfy the wity and availability of lowfee therapy places a¢r05s the tnebership. and Anne Doggett and the Clinical Commtttee have Ixen considering whether offering time- limited therdpy to people living on a low.iw)me might allow us to offtr help to n)ore low-fee patiert
Th¢se cballenges for the or8anisation FKTrtrDtialty have ongoing implicatio$ in compmmised incom which is not yet seriou4 but which the Treasurer kws under clos¢ review; and in ternis of th¢ service we provide lo the public and the througlwut of refertals to m¢mber& Council is acutely aware of these issues and will shortly holding a Strategy Planning Meeting to plan the ICC'S recovery from the pandemic and sd the agenda for the eomirg fewyeat5. The lockdown restrictions also affxted the Colle¢. 18] atMI pTofessionaL life of the ICC. limiting our ability to meet in-person. Although we have ¢Ctinued to hol¢ for example. Council meetings online, th¢ important less ftirnial gxiai intertionS which haprth rnd tk edges of meetings and events were105t. In an efforL Ix)th to 5UPFKIrt membeTS with the Wations of pr¥ticing psychoanalytic psychothetapy via th¢ internet or telephone, and to provide opportunities for members to tslk togetlKr ID a relatively inforni81 Settl the Clinica] Fonun Group owised online w0shopS on 'On-Line work1t, (presented by Julia Ovchinnikova) and 'Pra¢tice in the PandC.. which We well attentsj aThl well received. MoTe entlY Coun¢il invited memEws to join them for an InfOrn OPFrf)ttunity to (virti11y) meet Council members and each other, and to rdise and discu&8 their ideas and experience of the ICC. lo help Council better understand members concerns and infomi the forthcoming Stratov Plamling Meetin& Although these events were helpful in themselv al served in some part to Conne membeT5 with each other and the ICC. l think it will be imEX)rtanL in the coming year. facilitstr a pericrfl of r¢covery in the 0[lsatio a1 to restore a See of belonging to a profwional communty amw our m¢mber& This is one of th¥ ¢hallew w¢ as wr kyyk thc year and i think It is critical for the future of ICC lo clearly re-e5tablish our identity &s a kny provider of psychoanalytic and psy¢hodynamic psychotherapy auoss London. It is important for the organisation to more accurately r¢flect the population we seek io serve by ificrsIng diver5ty in the organitiOn and aiming to appeal to a more diverse client base. To hleve these auns we need to get our Malketi particularly our websi and digilal markettng, right. so wtentiaI patients and referrers can find us when they seah aA ar¢ drawn to what we offer, incre&sing th¢ numFw of 5uitsble refmzls acr(tss the fee rang¢ increasTng the averdge fee wbil¢ staying true to ourcore values. This will play an imwrtant Frt in ffstOri the finances ofthe Organisatio but also, ¢rucially. in keeping us leVant to our members and helping to attract tmv m¢mEtts and replenish the lifeblood of the OTganisatioo. As COU11 prepares to th these issues and plan the diredion and Strategy for th¢ recovery from the pandemic and for the coming few yeaT4 m¢mbers are eM)uragj to Consider the contribution they may be able to offer to the fLrture life of the ICC. whether through joining a ¢ommitte¢ or working group. tsking up one of the roles available in the organisatioo or by joining Council. We also nJ to ¢rUIt some Ext¢rna] Tntstees to CounciL A range of eX[lse and skills are particularly n¢ede& including financia]. and marketing. e5pecia]ly dig1ts1-mati xKial nAll& Ifyou can help or you kww someone who might be able to help* please let us know. Allstslr Park Chalr, Inner Cty Celltre November2021 Fillan¢lal Rew)rt End of Year BJget Re[- 202012021 The ICC Ac£ounts collectivety from AUgt 2020 to July 2021 have Iwi collated by the Book Ke4Er and reflect the mijnthly income &Ki over this iastyear. Part I: Incom¢ Generally. income is below bty in every area excq)t donatioThs. This is not su4)rising given the pres. sures of the pandemic." Tolwed refetrals. increased low fee referrats" working from Ib)me ¢tc. RefeJTal Fees and Room Rentsls The Ve1)ue collected from these athitses represents the major iDcome streams for the ICC. These are all significantly below blge¢ Referral Fees by 32Yo and R(M)m Rentsls by 22% respectively.
Interestingty. the Referral afyj Administiion fees have an etiC dtstribution throughoutthe year and it is hard to understand the relation between tlw in¢Lwn4 ahlx)ugb theoretically that might be Umed. MemErship The Tevenue collected from mem1rShip rewesents the third major inrA)me stream the ICC. This is also below bAget by 7% Part 2.. On a p)sitive note, costs hav¢ gealty teen lower than budget due to the pandemic. For example. Trustee Costs ore low¢r (115%) mainty due to holding me¢ting5 remotsly. Th¢ website costs are also considerably lowv (S) as the budgd refi the higher exwMlttiw¢ in the previous year. The main variation is in Refrml Therapists costs (17%) to a hiatits between the departu of one refer. rai therapist and the appx)intment of a replnenL Room Rentsl The rooms at St Margaret's House continue to acctue a profit dwite the P8ndernic. Further investment in Wi.Fi will add additional wst on thr next bw Imtt will llill reflect a PTotit If the next year is similar. of Bud et for 2020r21. The overall picture is a deficit of approximatety £25(K). This is not Su1S1ng gÈven the pressures of th¢ pandemic. but it reflects a more significant drop in in¢om< than in exFnditure, and thi5 is not sustainthle. Action is Teded in key ar of income to restore the income streams or minimise losses. Notes on Draft B et for 202 The draft budget for 2021r22 is recommeTrtsl to be s& fr £31,947. This figwe may at first seem big but this inclth the ffi1 costs per annum for two Refrml Ther- apists, not apparent in last year's eXMIltiwe. Additional allowance h&s i1 Catl for a new monthly invoice for Wi Fi at the ICC r)rn at St Marga- ret's House which wtll 8xImlY ald £25.(Kl onto ex1th. This Draft also includ&s monie5 for Fund Raising and General ExpSeS which w&s not ilUd in1&5t year's budgeL Consumable expenditure. such a8 Bank Fe IT Softwar4 PW Printtslg and StstiorKry. Websit¢ have been budgeted with a 2.5% Retsil Price Index (RPI) to guard against th¢ forthcoming iDfiion increases. This has incre&8¢d this draft budget by £85.IK>. Conclusioft Generally. for the Actual Bget for 2020r21. The ICC irK(Mne is below budget in every area except dona. tions. This is not surprising given the of ts pwvjemic". rjEI referra. increased low fee refer. rals. Working from home etc. However. looking 8t the ICC main iDcom¢ streams. (Referrajs a1 R(M)Ttt Rts} this slight downward CUTve is not sustainable. Action is needeA to increase level of rcferrals and the average fee of referral4 and Prepared by Sarah Campbell. ICC Tre&%urer. 1719r2021.
RESERVES At presenL all our reserves ate in Curr¢nt and [Sit Accounts with Barclays Bank. The Tte¢S continue to monitor th¢ investments h¢ld to achieve the best return consistent with security and liquidity. The TnLStees took the decision to maintain erVeS at the level of at least six months nu]ning costs, and to transfeT tbis to the Designated RISK REVIEW The charity relies on income fmm granty donations, membership fees together referral f¢es and room rentaIs. It rc¢ogDiSCS that should the memberships r¢feErals and rentals even be slightly restricted the clwity would be unable to fillly n]aintain its operntions. The Charity considers that were either source of to fall by a material amount then its net current &ssets would be sufficient to maintsin itself for at least six month4 and that whilst higher levels of reserves would be desirable, this level is a renable and sufficiart reserve to be held. By the very natur¢ of the services provided by the clwity there are risks associated with working wKth people with mental health problems. The charity mitigates this risk by: l) Perforniing indiv1thl risk as8e&sm¢nts of all propwd Clients in advance. 2) All Membets are professionally qualified and registe1 and owate within the code of etbics of their registering Ix)dy. 3) Standard opeming procedur are there to protect and maintsin the safety of all within the organisatio RESULTS AND DtVIDENDS Ib The Deficlt for the t¢riod allullted to £2.448. The Company is not em)wered to make a dividend payn)enL The above rcoK)rt h&5 E*en prepared in accordance with the special provisions of Part 15 of th¢ Companies Act relating to the compw. Registered Offic¢: 21 Old Ford Rd. London E2 9PL By order of the Board Company Secretary (Member Trustee)
Report of the Independent Examiners to the memberj of We rew)rt on the financial statements on pages l O to 15, sYl]ich have been prepared under the ]JAstoricaI cost convention and the accounting policies set out on pag¢ 12. Respective responsibilitKs of dSrectors and examirA¢r As descrild on page 4 the company's directors are resnSIble for the pryaration of financial statements, you consider that th¢ audit requirement of section 144 of tb¢ Charities Act 2011 {th¢ Act) does not apply. It is our resFK)nsibiiity to stale on the b&sis of the predureS specified in the General Directions given by the Cbarity Commissioners under section 145{5)(b) of the A¢L Wheth partiadat hdV¢ my atieniio Basis of independent ¢IDerS, report Our examinthon w&8 catried out in accordance with the General Directions given by the cIlty CommissioD¢rs. An examination includes a VIeW of the accounting records kept by the charity and a compatison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from your directors concerning any such matters. The procsjures und¢rlaken do not pmvide all the evidence that would be required in an audi¢ and consequently we do not express an audit opinion on the view given by the accoun Independent examiners. report In connection with our examintho matter has come to our attention: which gives reasonable cause to believe thal in 8ny Materi respect the requirements have not been met". a) to keep accotIng re(x)rds in accordance with s¢¢tion 4J of the ACL and b) to prepare xcounts which accord with the Ullting rw)rds and to comply with the accounting requir¢ments of thc ACL to whicPL in our Opinio attention should drawn in order 10 enable a proper understanding of the accounts to be rexhe Vantage Aceounting Services LthL
Statement of Financial Aetivity For the year ended 31st JDty 2021 2fQl Restri unrestric Designated Total Totsl Income from charitkble a¢tivities Income from investtnents Total In1% Res0ree1 2(&) 95(Kl 16,074 9.500 14,623 16,074 17213 49 581 31885 2(¢) Costs directty related to charithble Activities Ailministrative wsts Totsl Resources Used 4(a) 4(b) 15,038 15,038 13,795 3081 13851 28118 27646 Net IDeominlotgollry) Ruotsrces 11537) 11537) 4239 io 087 24 848 Fuud Retsined Surplus at end of yr 7 None of the coMpmS activities w¢re acqu1 OrdiU¢d dwing either fiDanciaJ year. The company has DO recwlised gaiDS l0&eS otherthall the surplu5 1 (thfftit) above for eitheryear. The ncrt&s m pag&$ 12 to IS forni p&rt of thtse FiDan¢MI SiatemeDts. 10
ststement of Financial Position At 31st July 2021 2020 Debtors 35 35,609 Cre41itors- amounts fallingdM¢ Within olle year 38.986 Net euryent wtsl{Ilabtli¢ies) 26J50 29.087 Total $53ets It& Current Ilbllitks Represented by.." Shar¢hoider8' Capital hjwls GeD¢rl Balance at 3 1st Juty 2021 10,030 12.567 D¢sigDated Balance at 3 1st Juty 2021 iO.fAX) Balance at 31st Juty 21r21 Toll For the year ended 31° Juty 2021 the company was entitled to exemirttiw audit under section 477 of the Companies Act 2(K)6 r¢JatiDg to all compaDie& The tnanbers have Dot rwiired the aXDpany w obtaiD an audit of its accounts for th¢ year in question in a¢¢ordance with s476. The trnstees acknowledge their rtsponsjbllities for comptyllig with the wir¢m¢nts of the Act WAth respect to provisions appli¢able to clpanY'S wbjttt ts) the sma]1 ¢(xnpanies' regitlle. The fman¢iat statementson pages Ioto 15 wae apwovedbythe djre¢......................... and were signed their bdjalf by:" 2ozz Sarah Campbell Alistair Park The Dotes on pages l I to 14 fThm pat of these Financial Statements
Notes to the fmancial statements For the year ended 31st Juty 2021 l. Prln¢ip•l ae¢ouDtiMg poliei is of¢couttting The financial sthtema)ts have been prepar&1 on the basis of historic cost iti ac¢ordallr¢ with tbe Charities SORP IFRS102) i.e. the Statement of Recommended Practice applicable to ch8rili¢s prepariDg their accounts in accordance with the Financial ReFthllg Standwd applicable in the UK and Republic of Ireland (FRS 102) (effective I. January 2015) attd the com1$ A¢t 2(&5. Income Incorne comprises subscritrtftons, donati gr¥A refml f and room rntajs ¢¢IVable. where grattts ar¢ made in resw of a spectfic tizne pff11 they ar¢ treated as debtors provi that they are subsequently received in Sjll. The itieom• is dwrvcd from activitiw in th¥ U.K. TatIon No UK tax4tÈon is wable due to the dwitsble 51atus of the comrony. Lase payments in rrye( of opIng lew are charged to the Profit ond LIM &$ incurTe¢l Funds The rtstriLted funds existdueto the TeA of grth wdtht)atioJJs forstrfific puryKws. The costs of raising and administering such fi$ are cbarged agaiDstthe specific fim(L as to the nature of these CO see notes 4(a) and 4(b). 12
THE INNER CITY CENTRE Notes to the financial statements For the year ended 31st July 2021 (continued) 2021 21f21 2021 21r21 2020 I Income (a) DonatlDJ4 Grants #md s¥TrAcriptKs DoTtations FundraÈsing Membership thscriMioDS 200 3.685 1238 (b) Charltable etlvhies Refml fees receivabk Administration ftes Room rentals Other income 4.105 2.426 9J99 144 4.105 2.426 9J99 3.517 11,682 414 213 (c) Investment income Interest receivable 49 3. (a) TrusteeJDirectors' remlln¢ra¢ion TDJStees are notP¢Tmitted torecetveany remuDu•knM UDderthe Articksofthecompany. H¢nK no remuneration was paid in the F¢riod. T08 are all dir¢ct(K4 manbers aod are all Psychotbcrapists" whopay subs¢riptiiyn fees to the organiwion to nwtntain their membeT5hip- 2(Y21: £9JOO (2020.. £9,7). Clients are a&sta and p&ss¢d OD io suitable therapists who will then w the organisation a referral fre- 2021: £4.105 (2020.. £3.517). Two Tefrnal therdpisls (also memkn) are paidbytheorganith f(Ythelrr¢fealw{k2ff2I. £9.820 {2020.. £8.710). 13
Notes to the finaDeial statements For the year ended 31st July 2021 (continued) 21120 4). Costs dirertty rel•ttd to ¢britsble aetivities Ref¢nls Therapi 9.820 9,820 8.710 31)0 Rent and ra*5 4(bl Admltsistrdtlon ¢th Professional fe 9.154 9.154 7.542 Insuran¢¢s Banking fees Fundraising costs pps Telephotie 697 42 678 42 205 666 505 1511 120 624 Website d¢velopm¢Dt Sundries {74} 743 78 595 (74) 743 595 14
THE INNER CTfY CEiYfRE Notes to the financial statements For the year ended 31st July 2021 (continued) 2(J20 Cssb in bnd and t b14k CommuDty Acco Paypal Account PIO Account 21,833 500 1,466 19.926 Creditors- falkng d•¢ withID one year Accnthls 6,800 5,400 Capital Fumd The company is limited by gumtee. 7?t guardnte¢ is restricted to £1 per manber. The company is disbaTred by its Articles of association ftom making a distributirn kn its niemkn. The capitsl funds ate reprnted primar. ily by money in the baDk G¢Der#l Balance a¢ 1st AUS 2020 Deficit for the year TraDsfer frotn Designated Fund 11567 (2.448) Designated Balallce at 1st AUgt 2020 Deficit for the year Trdvsfer from Desiwknl FUNI lo,6) Balance at 1st August 2020 Surplusl (Defi¢it} forthe year 5.920 Total Th¢ restri¢*d fund represents the value of grants rec¢twJ fif the puryw of pyovidtng tAwsari forp¢ople who are in low-paid work or part time ¢mploym¢nL 15