REGISTERED COMPANY NUMBER: 03018026 (England and Wales) REGISTERED CHARITY NUMBER: 1063639
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
FOR
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD (FORMERLY THE ASSOCIATION FOR FAMILTY THERAPY) (A COMPANY LIMITED BY GUARANTEE)
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 to 6 |
| Statement of Financial Activities | 7 |
| Statement of Financial Position | 8 to 9 |
| Statement of Cash Flows | 10 |
| Notes to the Statement of Cash Flows | 11 |
| Notes to the Financial Statements | 12 to 19 |
| Detailed Statement of Financial Activities | 20 to 21 |
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST DECEMBER 2024
Directors and Trustees during the year
S Fahri J Izagaren H Sherbersky S Rashid K Groucutt P Santana-Reedy S Cornwell A Goodman H Hammond (Resigned 14th February 2025) P Kaur Chair Y Rose B Siddiqi
Chief Executive Officer
H Sherbersky
Registered address
7 Executive Suite St James Business Centre Wilderspool Causeway Warrington Cheshire WA4 6PS
Charity registration number
1063639
Registered Company Number
03018026 (England and Wales)
Independent Examiner
SBCA Chartered Accountants 17 Moor Park Avenue Preston Lancashire PR1 6AS
Page 1
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
TRUSTEES' REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The Association’s objectives are to benefit the public by the promotion, by all available means, of the scientific study, practice, research and teaching of family therapy and to bring together those of whatsoever professional discipline who are concerned with the care or treatment of families.
In order to achieve its objectives, the Association can:
Arrange, organise and assist in the provision of conferences, courses, webinars, debates and other meetings. Provide advice and information in the form of magazines, journals, pamphlets, podcasts and videos and utilise social media where appropriate.
Page 2
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024
STRATEGIC REPORT
Achievement and performance
The Association has continued to publish Context (the Association's magazine) six times a year and through Wiley, our academic journal (JoFT) which is now provided on a continuous production cycle.
2024 Membership of the Association was 3,130, the 2023 membership was 3,105.
In 2024 we introduced changes to the commercial activities of AFT to remove the reliance on membership income to fund the organisation. In 2022 approximately 81% of the association's income was derived from membership subscriptions. In 2024 this reduced to 45% from larger member numbers. The introduction of Gift Aid has also proved a valuable source of income with our first receipts coming in 2024.
We introduced the new Course Accreditation through Partnership Scheme. Where previously, we relied on heavy subsidy from membership income to support our accreditation activities, we now have a fully funded, financial contributor to AFT providing a sustainable position to allow us to continue our work in this important area
AFT's Conference in Bristol was a sell-out and saw the largest ever gathering of Family Therapists at an event in the UK - with over 650 people attending either at the event or online. The rich variety of plenaries and workshops proved to be a great highlight of what proved to be a wonderful event.
Our webinar programme goes from strength-to-strength and is becoming recognised as a valuable learning resource within psychotherapeutic professions. We continue to attract providers of rich and diverse topics to ensure we deliver a first-class learning experience.
Our free student membership offer to first year students has proved invaluable in supporting those entering the profession and has helped us grow our membership by over 23% compared to the beginning of 2022. This offer saw over 60% becoming permanent members of the Association.
In 2024 we saw a 9.5% growth of members we accredit to the UKCP. Of course, this means more processing of CPD applications etc and through the restructuring of our administrative functions, we now complete the submission/review process within one month. This is a significant improvement on the previous position of 6 months.
At the end of the year, we were subject to our five-yearly Organisational Member Review by CFCSP and the UKCP. A lot of our practices were recognised as class-leading with special mention to the DWP activities. No matter how confident we might have felt, it still remains a relief to pass the inspection.
In the coming year, the Association will continue to publish both CONTEXT (print) and JoFT (online), organise webinars, support a number of training initiatives, monitor professional conduct and competence through a comprehensive UKCP re-accreditation process, promote the profession and encourage and support its members to gain further professional qualifications and membership services in-house.
The Association will also continue to work with other related organisations to promote and develop family and systemic practice and employment opportunities.
Page 3
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024
The Association will also introduce a new bespoke website and member portal which will serve to better educate and inform the public about Family Therapy and System Practice in addition to providing a far greater, more robust platform for members to manage their membership activities.
Financial review
The results for the year and the company's financial position at the end of the year are shown in the attached financial statements.
During the year the Charity had income of £758,070 and expenditure of £702,841.
Last year the Charity had income of £471,856 and expenditure of £626,991.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Association For Family and Systemic Psychotherapy Ltd is a company limited by guarantee, governed by its Memorandum & Articles of Association which were updated and adopted by special resolution at the EGM dated 13th March 2023. It is registered with the Charity Commission, number 1063639.
The Association changed its name from The Association for Family Therapy to Association for Family and Systemic Physcotherapy Ltd on 2nd June 2025. This is now reflected in the financial statements, as well as at Companies House.
Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 2nd June 2025 and signed on the board's behalf by:
P Kaur – Chair and Board Member
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
Independent examiner's report to the trustees of Association For Family and Systemic Psychotherapy Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Page 5
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Christopher Bond FCA
SBCA Chartered Accountants 17 Moor Park Avenue Preston Lancashire PR1 6AS
2nd June 2025
Page 6
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOMING RESOURCES FROM | |||
| Subscriptions | 2 | 572,075 | 395,645 |
| Other charitable trading income | 3 | 177,647 | 70,021 |
| Investment income | 4 | 8,348 | 6,190 |
| Total | 758,070 | 471,856 | |
| EXPENDITURE ON | |||
| Raising funds | 5 | 306,605 | 137,984 |
| Charitable activities | 6 | ||
| Staff costs | 319,573 | 298,890 | |
| Other costs | 24,787 | 30,166 | |
| Committee costs | 24,917 | 20,930 | |
| Premises costs | 19,721 | 10,967 | |
| Professional fees | 16,285 | 66,461 | |
| General administrative costs | 67,236 | 61,593 | |
| Other | (76,283) | - | |
| Total | 702,841 | 626,991 | |
| NET INCOME/(EXPENDITURE) | 55,229 | (155,135) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 336,918 | 492,052 | |
| TOTAL FUNDS CARRIED FORWARD | 392,147 | 336,917 |
The notes form part of these financial statements
Page 7
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
STATEMENT OF FINANCIAL POSITION 31ST DECEMBER 2024
| 31.12.24 Unrestricted funds Notes £ CURRENT ASSETS Debtors 12 86,005 Cash at bank 341,588 427,593 CREDITORS Amounts falling due within one year 13 (35,446) NET CURRENT ASSETS 392,147 TOTAL ASSETS LESS CURRENT LIABILITIES 392,147 NET ASSETS 392,147 FUNDS 14 Unrestricted funds 392,147 TOTAL FUNDS 392,147 |
31.12.23 Total funds £ 43,185 377,665 420,850 (83,933) 336,917 336,917 336,917 336,917 336,917 |
|---|---|
The notes form part of these financial statements
continued...
Page 8
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
STATEMENT OF FINANCIAL POSITION - continued 31ST DECEMBER 2024
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 2nd June 2025 and were signed on its behalf by:
P Kaur – Chair and Board Member
The notes form part of these financial statements
Page 9
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST DECEMBER 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.12.24 £ (44,425) (44,425) 8,348 8,348 (36,077) 377,665 341,588 |
31.12.23 £ (116,525) (116,525) 6,190 6,190 (110,335) 488,000 377,665 |
|---|---|---|
The notes form part of these financial statements
Page 10
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST DECEMBER 2024
| 1. | RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW | RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW | FROM | |
|---|---|---|---|---|
| OPERATING ACTIVITIES | ||||
| 31.12.24 | 31.12.23 | |||
| £ | £ | |||
| Net income/(expenditure) for the reporting period (as per the | ||||
| Statement of Financial Activities) | 55,229 | (155,135) | ||
| Adjustments for: | ||||
| Interest received | (8,348) | (6,190) | ||
| Increase in debtors | (42,820) | (14,597) | ||
| (Decrease)/increase in creditors | (48,486) | 59,397 | ||
| Net cash used in operations | (44,425) | (116,525) | ||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.1.24 | Cash flow | At 31.12.24 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank | 377,665 | (36,077) | 341,588 | |
| 377,665 | (36,077) | 341,588 | ||
| Total | 377,665 | (36,077) | 341,588 |
The notes form part of these financial statements
Page 11
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern
The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and the company is well placed to manage its risks successfully. Accordingly, they adopt the going concern basis in preparing the annual report and accounts.
Tangible Fixed Assets
All assets with an original cost of £2,000 or less are charged to the Statement of Financial Activities in the year of purchase.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 12 Page 13
continued...
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
1. ACCOUNTING POLICIES - continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. SUBSCRIPTIONS
| AFT Membership & Subscriptions Registration Fees 3. OTHER CHARITABLE TRADING INCOME Accreditations CONTEXT Advertising & General Sales Branch Event Income Gift aid 4. INVESTMENT INCOME HMRC Interest Deposit account interest |
31.12.24 £ 247,117 324,958 572,075 31.12.24 £ 88,265 38,174 27,775 23,433 177,647 31.12.24 £ 1,290 7,058 8,348 |
31.12.23 £ 139,928 255,717 395,645 31.12.23 £ 35,663 34,358 - - 70,021 31.12.23 £ - 6,190 6,190 |
|---|---|---|
continued...
Page 13
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
| 5. RAISING FUNDS Charitable activities Publishing including IT & Office Equipment Journal including IT & Office Equipment Branch Event Costs Conference & AGM Other trading activities Bad debts Aggregate amounts 6. CHARITABLE ACTIVITIES COSTS Staff costs Other costs Committee costs Premises costs Professional fees General administrative costs |
31.12.24 31.12.23 £ £ 56,946 71,987 92,557 4,739 26,679 - 124,874 61,258 301,056 137,984 31.12.24 31.12.23 £ £ 5,549 - 306,605 137,984 Support costs (see note 7) £ 319,573 24,787 24,917 19,721 16,285 67,236 472,519 |
|---|---|
continued...
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ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
7. SUPPORT COSTS
| Governance Management costs £ £ Staff costs 319,573 - Other costs 24,787 - Committee costs 24,917 - Premises costs 19,721 - Professional fees 14,528 1,757 General administrative costs 67,236 - 470,762 1,757 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.12.24 £ Other operating leases 19,721 |
Totals £ 319,573 24,787 24,917 19,721 16,285 67,236 472,519 31.12.23 £ 10,967 |
|---|---|
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
9. TRUSTEES' REMUNERATION AND BENEFITS
Trustees' expenses
During the year expenses of £2,104 were met by the charity for 6 trustees. The expenses reimbursed to the Trustees were in respect of travel, IT, stationery and other sundry expenses which were incurred to enable Trustees to attend meetings held in furtherance of the charity’s work.
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
31.12.24 £ 275,485 21,193 22,895 319,573 |
31.12.23 £ 260,472 18,497 19,921 298,890 |
|---|---|---|
The average monthly number of employees during the year was as follows:
| 31.12.24 | 31.12.23 | |
|---|---|---|
| Employees | 10 | 10 |
continued...
Page 15
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
10. STAFF COSTS - continued
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| £60,001 | - £70,000 | 1 | 1 |
The key management personnel of the charity comprise the trustees, the Chief Executive Officer and the Finance Director. The total remuneration of key management personnel during the year was £65k (2023: £65k)
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOMING RESOURCES FROM | |
| Subscriptions | 395,645 |
| Other charitable trading income | 70,021 |
| Investment income | 6,190 |
| Total | 471,856 |
| EXPENDITURE ON | |
| Raising funds | 137,984 |
| Charitable activities | |
| Staff costs | 298,890 |
| Other costs | 30,166 |
| Committee costs | 20,930 |
| Premises costs | 10,967 |
| Professional fees | 66,461 |
| General administrative costs | 61,593 |
| Total | 626,991 |
| NET INCOME/(EXPENDITURE) | (155,135) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 492,052 |
| TOTAL FUNDS CARRIED FORWARD | 336,917 |
continued...
Page 16
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 31.12.24 | 31.12.23 | |||
| £ | £ | |||
| Trade debtors | 40,706 | 25,410 | ||
| Other debtors | 1 | - | ||
| Prepayments and accrued income | 45,298 | 17,775 | ||
| 86,005 | 43,185 | |||
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.12.24 | 31.12.23 | |||
| £ | £ | |||
| Trade creditors | 12,980 | 17,350 | ||
| Social security and other taxes | 7,171 | 6,315 | ||
| Other creditors | 12,771 | 57,073 | ||
| Accruals and deferred income | 2,524 | 3,195 | ||
| 35,446 | 83,933 | |||
| 14. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.24 | in funds | 31.12.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 334,453 | 55,229 | 389,682 | |
| Members Guarantee Fund | 2,465 | - | 2,465 | |
| 336,918 | 55,229 | 392,147 | ||
| TOTAL FUNDS | 336,918 | 55,229 | 392,147 | |
| Net movement in funds, included in the above are as | follows: | |||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 758,070 | (702,841) | 55,229 | |
| TOTAL FUNDS | 758,070 | (702,841) | 55,229 |
Page 18 Page 17
continued...
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.23 | in funds |
31.12.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 489,587 | (155,135) | 334,452 |
| Members Guarantee Fund | 2,465 | - | 2,465 |
| 492,052 | (155,135) | 336,917 | |
| TOTAL FUNDS | 492,052 | (155,135) | 336,917 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources |
Movement | |
| resources | expended |
in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 471,856 | (626,991) | (155,135) |
| TOTAL FUNDS | 471,856 | (626,991) | (155,135) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| movement | At | ||
| At 1.1.23 | in funds |
31.12.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 489,587 | (99,906) | 389,681 |
| Members Guarantee Fund | 2,465 | - | 2,465 |
| 492,052 | (99,906) | 392,146 | |
| TOTAL FUNDS | 492,052 | (99,906) | 392,146 |
continued...
Page 18
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources |
Movement | |
|---|---|---|---|
| resources | expended |
in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,229,926 | (1,329,832) | (99,906) |
| TOTAL FUNDS | 1,229,926 | (1,329,832) | (99,906) |
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2024.
16. EXCEPTIONAL ITEMS
Included in exceptional items is £76,283 (2023; £nil) which relates to the introduction and recognition of cash held by regional branches that had previously been excluded from the financial statements.
Page 19
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| INCOMING RESOURCES | ||
| Subscriptions | ||
| AFT Membership & Subscriptions | 247,117 | 139,928 |
| Registration Fees | 324,958 | 255,717 |
| 572,075 | 395,645 | |
| Other charitable trading income | ||
| Accreditations | 88,265 | 35,663 |
| CONTEXT Advertising & General Sales | 38,174 | 34,358 |
| Branch Event Income | 27,775 | - |
| Gift aid | 23,433 | - |
| 177,647 | 70,021 | |
| Investment income | ||
| HMRC Interest | 1,290 | - |
| Deposit account interest | 7,058 | 6,190 |
| 8,348 | 6,190 | |
| Total incoming resources | 758,070 | 471,856 |
| EXPENDITURE | ||
| Charitable Activities | ||
| Publishing including IT & Office Equipment | 56,946 | 71,987 |
| Journal including IT & Office Equipment | 92,557 | 4,739 |
| Branch Event Costs | 26,679 | - |
| Conference & AGM | 124,874 | 61,258 |
| 301,056 | 137,984 | |
| Other trading activities | ||
| Bad debts | 5,549 | - |
| Other | ||
| Exceptional items | (76,283) | - |
This page does not form part of the statutory financial statements
Page 20
ASSOCIATION FOR FAMILY AND SYSTEMIC PSYCHOTHERAPY LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| Support costs | ||
| Management | ||
| Wages | 275,485 | 260,472 |
| Social security | 21,193 | 18,497 |
| Pensions | 22,895 | 19,921 |
| Rent | 19,721 | 10,967 |
| Insurance | 3,373 | 3,230 |
| Head Office Administration | 18,782 | 17,527 |
| Telephone | 575 | 565 |
| Postage and stationery | 4,171 | 6,200 |
| Head Office IT & Equipment | 33,179 | 22,975 |
| Sundries | 1,105 | 3,273 |
| Bank & Merchant Fees | 4,887 | 4,823 |
| Creative Initiatives | 1,164 | 3,000 |
| Professional Fees | 14,528 | 64,891 |
| Europe FTA | 3,327 | 2,598 |
| CRED Committee | 13,520 | 11,331 |
| Other Committees | 8,070 | 7,001 |
| Memberships & Training | 24,787 | 30,166 |
| 470,762 | 487,437 | |
| Governance costs | ||
| External accountancy fees | 1,757 | 1,570 |
| Total resources expended | 702,841 | 626,991 |
| Net income/(expenditure) | 55,229 | (155,135) |
This page does not form part of the statutory financial statements
Page 21