COMPANY NUMBER- 03018026 (England & Woles) REGISTERED CHARITY NUMBER: 1063639 REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 3151 DECEMBER 2023 FOR THE ASSOCIATION FOR FAMILY THERAPY {A COMPANY LIMITED BY GUARANTEE)
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Page Company Information Truslees Report Independenl Examiner's Report Slatemenl of Financial Aclivilies Balance Sheel Notes to Ihe Financial Stalemenls Income and Expenditure Accounl
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2023 TRUSTEES: S Cornwell S Fahri A Goodman H Hammond J Izagaren P Kaur S Roshid Y Rose B Siddiqi CHIEF EXECUTIVE OFFICER: H Sherber5ky REGISTERED OFFICE: 7 Executive Suite st James Business Centre Wilderspool Couseway Warringlon Cheshire WA4 6PS REGISTERED NUMBER". 03018026 (England and Wales) CHARITY NUMBER: 1063639 INDEPENDENT EXAMINER: SBCA Charfered Accountants 17 Moor Park Avenue Preston Lanc05hire PRI 6A5 Poge I
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 315r DECEMBER 2023 The truslees present Iheir Teport wilh the finonciol stolemen15 of Ihe choritable compony for the yeor ended 3151 December 2023. The financial slotements comply with the Charilies Acl 2011. the Companies Acl 2006. the Memorondum & Articles of Association and Accounting & Reporting by Chorities= Statement ol Recommended Practice applicable lo charities preporing their occount5 in occordonce with the Financial Reporting Stondord opplicoble in Ihe UK and Republic of Irelond IFRS 1021 leffeclive 151 January 20151. Registered numbers ond details of the odvisors con be found on the company information page. GOVERNING DOCUMENT The Association for Family Therapy is o compony limiled by guorontee. governed by its Memorandum & Articles of Association which were updated and adopted by special resolution at the EGM dated 131h March 2023. It is registered with the Chority Commi55ion, number 1063639_ OBJECTIVES. ACTIVITIES AND ACHIEVEMENTS The A550ciolion's objective5 ore to benefit the public by the promotion. by oll avoiloble meons, of the scientific 51udy, practice. research and leaching ol family therapy and to bring together those ol whatsoever professional discipline who are concerned with the care or trealmenl of families. The Charity's governing document5 are the Memorandum and Article5 of Associolion which were updated and adopted by 5peciol resolution ot the EGM on 13th Morch 2023. In order to achieve its objeclives, the Associalion can. Arrange. organise and assist in the provision ol conferences. courses. webinars. debates and other meetings. Provide advice and information in the form of magone5, joumals. pamphlels, podcas15 and videos and utilise social medio where oppropriale. The A550ClQtion hos continued lo publish ConleKF Ithe Association's mogaanel six time5 o yeaT and olso through Wiley, our academic journal lJoFfi four times a year. 2023 Membership of the Associotion was 3.105. the 2022 membership wos 2.870. In the coming year. the AssOCiOtion will continue lo publish both CONTEXT Iprintl ond JOFT lonlirnel. orgonise webinors. support a number of training initiatives. monitor profe55ionol conduct and competence through a comprehensive UKCP re-occreditolion proce55, promote Ihe profession ond encourage ond support its membeis to goin further profe55ionol qualificotions ond membership services in-house. The Associotion will 0150 continue to work wilh other reloted orgonisotions lo promote and develop family and systemic practice and employment opportunilies. PRINCIPAL ACTIVITY The principal activity of the company in the year under review was that of promoting the study. practice. research and teoching of fomily theropy. Poge 2
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 TRUSTEES/DIRECTORS The Irustees Idirectorsl shown below have held office during the period from I Jonuory 2023 lo the dote of this report. E Widdow50n Trustee ond Direclor S M Benbow Trustee and Director S Fohri Trustee and Direclor L Foibot Trustee ond Direclor K Carberry Trustee and Director K Sofo-Barnieh Director J Izagaren Trustee ond Director H Sherbersky Director S Roshid Trustee ond Direclor K Groucutt Director P Sanlono-Reedy Direclor S Cornwell Trustee ond Director A Goodman Trustee and Direclor H Hommond Trustee ond Direclor P Kaur Trustee and Director Y Rose Trustee and Direclor B Siddiqi Trustee ond Director (Resigned 24th April 20231 (Resigned 8th Augus120231 IRe5igned l Olh July 20231 (Resigned 27th October 20231 (Resigned 291h May 20231 (Appoinled 24th Januory 20231 (Appoinled 13th Morch 20231 (Appoinled 13th Morch 20231 (Appoinled 18th September 20231 IAppointed 18th September 20231 (Appointed 18th September 20231 (Appointed 18th September 20231 (Appointed 18th September 2023 (Appoinled 18th September 20231 Trustees ore elected by the members ot the onnual generol meeting 01 moy be co-opted by the elected Irustees for their experience. speciolisl knowledge or becouse of their role wilhin the orgonisotion. Truslees ore provided wilh inlormol induclion by the executive officer and other employee5 0$ appropriate. They are also made aware of the Chority Commi55ion'5 documenl foiTru5tees and Govemance_'The Hallmorks of on Effeclive Chority'_ Board member5 ore ollowed to attend specific training days that they feel are necessary lo update their knowledge and skills. The Trustees are all unpaid volunteers and may claim reasonable out ol pocket expenses. The Board of Directors and Trustees delegale Ihe day-l( doy manogemernt of the Associotion to the executive officer. employees. poid professional officers and choirs of committees, who meet regulady. The full Board of Directors & Trustees meet monthly via Zoom. Accounts are reported monlhly ot Boord meetings. FUNDS The AssOClOtion aims to hold sufficient resetves to undewrite oll ils ventures and to be able to embork upon projects without feor of incurring o deficit in eilher Ihe short or long letm. and this include5 providing, where required. odditionol support for the Annuol AFT Conference ond other od-hoc training workshops to ensure thol they remain affordable for delegotes. Co5h reserve5 01315t December 2023 were £377,655. This report h05 been prepared in accordance with Ihe special provisions of Part 15 of the Companies Acl 2QK)6 relating lo 5moll componies. ON BEHALF OF THE BOARD: Signed on 27109124 @ 17'.11 P Kaur- Chair & Board Member Poge 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES (DIRECTORS) ON THE UNAUDITED FINANCIAL STATEMENTS OF THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) FOR THE YEAR ENDED 31st DECEMBER 2023 I report to the Iruslees on my examination ol Ihe accounts of the above charity I'the Trusl"I for the year ended 3151 December 2023. which are set out on pages 2 10 9. Responsibililies and bosis of report A5 the chority'5 trustees, you ore responsible for Ihe PTeporation of Ihe occovnts in occordonce with the requiremen15 of Ihe Chorilies Act 2011 I'the 201 l Acl"). I repoit in respect of my examinotion of the Trust's occounts cofTied out under section 145 of Ihe 2011 Act ond in corrying out my examination. I have followed all the opplicoble Directions given by the Charity Commission under section 14515llbl of Ihe Act. Independent Exominerfs statement The charily's gross income exceeded £250,(KXI and l am quolified to undertake the examinolion by being a qualified member of the Institule of Chartered Accounlants in Englond ond Woles IICAEWI. I have completed my examinalion. I confirm thot no malerial motters hove come to my attenlion in connection with the examinalion which gives me couse to believe Ihot in. ony maleriol respect: Ihe occounling records were not kept in accordance with Section 130 of the Chorities Act., or Ihe occounls did not occord wilh the accounting records- or Ihe accounls do not compty wilh the accounting requiremenls of Section 396 of Ihe 2006 Act olher than ony requirement thot the occount5 give o ttue and fair viewwhich is not o maltei considered 05 porl of on independent examination.. or Ihe occounls did not Comp wilh Ihe applicable requirements concerning Ihe form and content of accounls sel oul in the Chorilies IAccounts and Reportsl Regulotions 2008 other thon any requirement thot the accounts give a 'lrue ond loir. view which is not a maller considered as port of an independent exominotion. I have no concems and have come ocross no other mollers in conneclion wilh the examination lo which attention should be drown in this report in order lo enoble o proper underslonding of the accounts to be reoched. Chrislopher Bond FCA SBCA Charlered Accountants 17 Moor Pork Avenue Preston. Lancoshire. PRI 6AS. This page does not form part of Ihe stalutory financial statemenls Poge 4
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) srATEMENT OF FINANCIAL ACTlVtTIES FOR THE YEAR ENDED 31ST DECEMBER 2023 Nole5 31.12.23 31.12.22 INCOMING RESOURCES Subscriptions other choriloble Iroding income Inveslment income 395.645 70.021 6.190 396.491 91.818 3.240 Tolal Undesignated Income 471.856 491.549 Resources expended Choriloble Expenditure 626.991 522.223 NET INCOMING RESOURCES FOR THE YEAR (155.135) 130,6741 Taxalion NE[ MOVEMENT IN FUNDS (155.135) 130,6741 Reconcillatlon of funds Fund balonce brought forword 489.585 520.261 FUND BALANCES CARRIED FORWARD 334.450 489.587 The statement of finoncial oclivilies includes all gains ond10sses in the yeor. All incoming resources ond resources expended derive from continuing activities. All Ivnds ore unrestricted. The notes form part of these financial statemenls Poge 5
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEEr FOR THE YEAR ENDED 31ST DECEMBER 2023 31.12.23 31.12.22 Notes CURRENT ASSEts Deblors Cash al bank & in hand 43.185 377.665 28.588 488.000 420.850 516,588 CREDITORS Amounts falling due within one year 10 83.934 24,537 NE[ CURRENT ASSEtS 336.916 492,051 TOTAL ASSEtS LESS CURRENT LIABILifiES 336.916 492.051 FUNDS Other reserves Unreslricled Funds 2.466 334.450 2.466 489,585 336.916 492.051 The charilable company is enlitled to exemption from audit undeT Section 477 of Ihe Companies Act 2W6 for the year ended 3151 December 2023. The members hove nol required the compony to obtoin on audit of it5 financiol stalemen15 for the yeor ended 31st December 2023 in occordance with Section 476 of the Componies Act 2(K)6. The Irustees ocknowledge their responsibilities f.. lal Ensuring that the charitable company keeps occounting records which comply with Section5 386 and 387 of the Componie5 Act 2006 ond Ibl Preparing financial statements which give a true and fair view ol the state of oflays ol the charitable company as al the end of each financial year ond of ils surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which olheMise comply wilh the requirements of the Componies Act 2006 relating to financial statements. so far as applicoble to the charitable company. These linanciol statements have been prepored in occordance with the speciol provisions ol Part 15 of the Companies Act reloting lo smoll companies ond conslilule the annual accounts required by the Companies Acl 2006 ond ore for circulation to members of the charitable compony. The financial slatements were opproved by the Boord of Trustees IDireclors1 on 3rd June 2024 ond were signed on its behalf by.. Signed on 27109124 @ 17..11 P Kaur- Choir & Board Member Poge 6
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEPs FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICIES Accounting convenlion The financiol statements of the Charitob company. which is o public benefil enlity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice opplicoble to choritie5 preparing their accounts in accordonce with the Finonciol Reporting Slandord applicoble in the UK ond Republic of Ireland IFRS 1021 lefleclive 151 Januory 20191,. Finonciol Reporting Slandard 102 'The Financial Reporting Slondord applicoble in Ihe UK and Republic of Ireland, and the Componie5 Act 2006. The finonciol stotements hove been prepared under the historicol c05t convention. The charily has taken advanlage of the provisions in the 50RP for chorilies nol to prepare a Slalement of Cash Flows. The finonciol statements ore PTepoTed in steding, which is the functional cUencY of the chority. Monetory amounts in these financial statements ore rounded lo the nearest £. Going concem Al the lime of approving the linanciol slalements. the trustees have a reasonable expectation that the charity hos odequole resource5 to continue in operalionol existence for the foreseeoble future. Thus the ttU51ees conlinue lo adopl the going concern bosis of occounling in PTeporing the finonciol stotements. Charitable fvnds Unreslricled funds are avoiloble for use al the discretion of the trustees in furtherance ol their charitable objective5. Turnover All incoming resources are included on the Stotemenl of Finoncial Activities when the chority is legally enlitled lo the income and the omounl can be qualified with re050noble accurocy. Expenditure All expenditure is accounled lor on an accruals basi5 All cost5 are allocated beeen the expenditure categories ol the Statement of Financial Activities on bases designed to reflecl the uses of porticular resources. C05t5 reloting to a particular aclivity are allocated directly, while others ore apportioned on on appropriale bosis. Tangible Fixed Assets All assels with on originol cost of £2.000 or less ore chorged to the Slatemenl of Finonciol Activities in the yeor of purchase. Penslon costs and other posl-retlrement beneffts The charitable company operales a defined conlribution pension scheme. Conlributions payable to the chartFoble company s pension scheme ore chorged to the Slalement of Finonciol Aclivilies in the period to which they relote. Poge 7
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2023 INCOMING RESOURCES 31.12.23 31.12.22 Memberships ond sub5CriPtions CONTEXT advertising ond general soles Registrolion fees Accreditotion5 395.645 34.358 396,491 39.286 18,091 34.441 35.663 465.666 488.309 All income lor both years relate to unrestricted general funds. INVESTMENT INCOME 31.12.23 31.12.22 Deposit account interest 6,190 3.240 Income relotes to unreslricled generol funds. COST OF GENERATING FUNDS 31.12.23 31.12.22 Publishing Journals Conferences 71.987 4.739 61.258 68,324 4.852 137.984 189.277 CHARITABLE ACTIVITIES 31.12.23 31.12.22 Slafl cosls other cosls Committee costs Premises cost5 Professionol fees in support of choriloble octivities General adminislrative cosls 298.890 30.166 20.930 10.967 66.461 61.593 222,819 18.741 16.428 12.234 18.745 43,979 489,007 332.946 Poge 8
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2023 STAFF COSTS 31.12.23 31.12.22 Gross Solaries Employers N I Pension Conlributions 260.472 18.497 19.921 196.713 12,958 13.148 298.890 222.819 OPERATING SURPLUS The operoting surplus is slated after chorgng 31.12.23 31.12.22 Truslees, remuneration and olher benefit5 etc. Accounlonl'5 fees- independenl exominotion 1.570 1.760 TAXATION Analysis of the lox charge The company is a registered charily and is exempt from UK Corporalion Tax under seclion 486 of the Corporation Tox Act 2010. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 other debtors 43.185 28,589 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12a3 31.12.22 Creditors & Accruals 83,934 24.537 Poge 9
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2023 FUNDS Members Guarantee Fund Unreslricled Funds Totals Al I sl January 23 Deficit for the yeoi 489.585 (155.135) 2.466 492.051 (155.135) Al 31st December 2023 334.450 2.466 336.916 12. TRUSTEE EXPENSES During Ihe year expenses of £2.357 were mel by the charity foi 6 ttuslees. The expenses reimbursed to the Trustees were in respect ol travel. tt. slalionery and other sundry expenses which were incurred lo enable Trustees lo oltend meetings held in furtheronce of the chority's WOtk_ 13. RELATED PARTY TRANSACTIONS There hove been no reloted party transoclions during the yeor ended 31 st December 2023. 14. EMPLOYEE BENEFITS The emoluments of one member of 5toff are wilhin the range of £60,(K>O to £69,99912022- nill. The key management personnel of the charity comprise the Irustees, Ihe Chief Execulive Officer and the Finonce Director. The total remuneroFion of key monagement personnel during the yeor was £65k12022.' £58kl- 15. STAFF EMPLOYED There wos an overoge number of 10 sloff employed during the yeor ended 31st December 202312022- 81. Page 10
THE ASSOCIATION FOR FAMILY THERAPY LTD (A COMPANY LIMITED BY GUARANTEE) DEfAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31M DECEMBER 2023 31.12.23 31.12.22 INCOME AF[ Membership, CONTEXT & JOFT Subscription5 CONTEXT Advertising & Generol Sales Income Registralion Fees Accreditotion5 Interest Received 395.645 34.358 396,491 39.286 18,091 34,441 3.240 35.663 6.190 471.856 491,549 EXPENDITURE Publishing including IT & Office Equipment Journal including IT & Office Equipmenl Heod Office Woges Head Office Administration Head Office Renl Heod Office IT & Office Equipment Head Office Sundry Expenses Telephone Posloge. Slationery & Printing Professional fees Exlernal Accountoncy fees Creative Inilialives Euiope FTA CRED Commillee other Commiltees Memberships. Training & Conferences Insurance Bonk & Merchont fee5 Travel & Venue Costs Conference & AGM 71.987 4,739 298.890 17.527 10,967 22.975 3,273 565 6.200 64,891 1.570 3,000 2.598 11.331 7,001 30.166 3,230 4.823 68.324 4.852 222,819 11.558 12,234 15.474 4.816 684 4.188 16,985 1.760 3,514 9.168 3,746 18.741 1,036 6,223 58.777 57,324 61.258 626,989 522.223 NE[ SURPLUS/(DEFICIT) FOR THE YEAR (155.135) 130,6741 Pogell
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER 2023 FOR THE ASSOCIATION FOR FAMILY THERAPY