Charlty Registration No. 1064780 Company Registrntlon No. 03272512 (England and Wales) THE BOWLBY CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 *AEIK6EL4' 3010412025 COMPANIES HOUSE
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THE BOWLBY CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees S Y Berger IDirectorl - Acting Chair of Trustees since April 2013 R M Cross IDirectorl S Zeedyk IDirectorl C Cielo [Director] E Blackley IDirectorl C A Holland IDirectorl IResi8ned 21 November 20231 C Philipsborn [DirectorJ (Resigned 9 December 2024) {Appointed 6 July 20241 {Appointed 6 July 20241 Patrons Dr Elalne Arnold Sir Richard Bowlby Professor Susie Orbach Dr Janina Fisher Charlty number 1064780 Company number 03272512 Reglstered office The Old Town Hall Market Place Oundle Peterborou8h PE8 4BA Accountants TC Group Brighrfield Business Hub Bakewell Road Orton Southgate Peterborough Cambrldgeshire PE2 6XU
THE BOWL8Y CENTRE CONTENTS Page Trustees, report i-ii Staternent of trustees, responslbilities 12 Independent examiner's report 13 Statement of financial activities 14 Balance sheet 15-16 Notes to the financial statements 17-23
THE BOWLBY CENTRE TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 JULY 2024 The trustees present thelr report and financial statements for the year ended 31 July 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Companies Act 2IXI6 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities pparIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" The year ended 31 July 2024 has been one of great change and a certain amount of upheaval. Most notably the sad and sudden death of our former CEO Elizabeth Balgobin, following a short illness, only rnonths after leavlng her role. Her death was a great shock and sadness to the many Members who had met and worked with her. Conference Chair Linda Cundy dedicated the Conference to her memory, when she opened proceedings. The next Bowlby Monograph to be published In June 2025 is also dedicated to Elizabeth. For financial reasons we also prepared to leave the building at l HiEhbury Crescent and found new space to rent for trainin8 at nearby local school, Hlghbury Grove. The school have told us that the amount we spend with them will help to fund a Teaching Assistant. Its good to know that our precious fvnds are being spent in this way. However this will not alleviate the wrench that many Members will feel who trained at the Centre. The efforts of the Board, as advised by the Flnance Committee have tightened up our financial procedures and reporting, meaning that we now can better track our financial position from one month to the next. This has meant that we were able to end the financlal year with a very small surplus and our reserves largelyintact. Thls plus the lack of rnonthly rental payments land the constant surprise costs to keep the building in Bd working order} has meant that we can now start to more accurately forecast, budget and most importantly ba1ce our costs and income. We are now set up to plan for a future where we can generate profits to plough back into our services and programme, to further support our charitable objectives.
THE BOWLBY CENTRE TRUSTEES, REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Charitable Objectives and Activities As defined in our Founding Memorandurn of Understanding, the primary task of the Bowlby Centre is: The reliejof mentol distress through the provision of training ond services in psychotherapy. Th15 ha5 been defined and further developed In the following ways: Vision To be the home for the training, research. development and dissemination of both clinical and Beneralist knowledge and understanding in the field of attachment-based psychoanalytic psychotherapv. This is underpinned by our belief that attachment based psychoanalytic psychotherapy is a positive and valuable contribution to society. Because of the impart and influence of our early relationships With caregivers, all can benefit from some insight and learning in relation to attachment theory. Mission To train future generations of attachment based psychoanalytical psychotheraplsts by offering high- quallty education and an excellent learnlng experience In attachment theory. To explore, disseminate and engage the latest development and research related to Artachment Theory to a range of audiences from speciallst clinlcal practitioners throu8h to Interested mernbers of public. To offer low-cost long-term attachment based psychotherapy to those for whom therapy would otheise be unaffordable. Values Our offer and services are Informed by our values of: Compassion Attunement Inclusion Curiosity Courage Transparencv
THE BOWLBY CENTRE TRusfEES' REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Core Charitable l) Quallficatfon courses Our professional training courses sit at the very core of our offer as a central component of our charitable aims. We currently teach two courses aimed at training Attachment based Psychotherapists: The 4-year Attachment based Psychoanalytical Psychotherapy (ABPPI whlch trains theraplsts with little previous experience and prepares them for registration with UKCP. The 2-year Accredited Prior Learning IAPLI course which trains qualified therapists who want to train and specialise in Attachment based Therapy. This is a new course developed by Tori Settle. The work of these taught courses Is overseen by Ihe Cllnlcal Trainlng Commlttee (CTC) which is led by Chair Bertie Witt and Vice Caroline Adewole, Number of students taught during the academic year 2023-24.. 32 Ilnclud5n8 one student who has deferred). Number of students who registered with UKCP in academic year 2023-2024". I for student membership 11 for trainee membership 5 for registered membershlp To enrich the curriculum two new workshops have been added to the programme: Mental Health Familiarisation delivered by Reith Lecturer Gwen Adshead and a Research workshop delivered by Adrian Hayes. Income for 71+ revlo Looking forward: As our primary source of income, at the core of our organisation, we must ensure that our courses are cost effective, taking into account student drop out and increasing costs. Processes were established during this year to ensure costs and fees are interrogated and balanced. Minimum student numbers were set and fees assessed on this basis for the 24-25 academic year. This new process will be repeated before the start of each academic year so a fully costed trainlng budget can be reviewed and approved by the Board. An introductory level Certificate in Attachment course has been developed. planned and costed by crc Chair Bertie Witt for new students from 24-25 academic year onwards.
THE BOWLBY CENTRE TRUSfEES' REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 lil Short Courses and Conference The Centre continues to offer a range of Short Courses aimed at supportin8 attachment based psychoanalytic practice. Many are designed to support our Trainees and Mernbers and earn attendees Continuin8 Professional Development ICPDI credits. They are also central to our charitable aim to disseminate information and learning concerning Attachment theory, beyond the therapeutic community. to anyone working in a professioTbal role that would benefit from a deeper understanding of Attachment theory and Ihe curious layperson. There is also an opportunlty for these activities to generate additional revenue. In 2023-2024 we ran the followin8 CPD/short courses: Safeguarding Awareness Training for Counsellors and Therapists- Lynn Findlay x 3 Speciallsed Safeguardin8 TraSning for Counsellors and Therapists - Lynn Findlay x 2 Attachment within a couple relationship- 5 Weeks-Anne Power x 2 Masterclass in Psychotherapy Research: Theory and Prartice- Adrian Hayes Attachment and Complex Trauma- 2 Days- Orit Epstein-Badouk Attachment Theory in Clinical Practice- 2 weekends- Orit Epstein-Badouk Mental Health Familiarisation- Gwen Adshead Total Attendees: 257 In Autumn/Winter 23 we ran a conversation series or8anised by our Board Member Suzanne Zeedyk. We are very 8rateful to Suzanne for organislng this very well attended serles of events. Babies - 5 Years - Impacts of the pandemic on children's development Children: 5- 12 years - Impacts of the pandemic on children's development Young People: 12- 18 years - Impacts of the pandemic on children's development The trauma of boardin8 school: Voices from childhood The long-term consequences of boardin8 school: Voices from adulthood When a country's leaders are boardlng school survivors: Voices from citizens We organlsed a stand alone event with our new Patron Janina Flscher: An Evenin8 With Janlna Flscher on 13 5epternber 2023. Total Attendees: 352
THE BOWLBY CENTRE TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Clinical Forums This series, now coordinated by Elly MacDonald, features a Member's Clinical Practice, and 15 offwed free to our students and members, and at a low cost of £10 per session to students from other training organisations and modalities. In 2023-2024 our prograrnme featured the following Clinical Forums: Foundations of Self-Agency The Replacement Child Narcissism: where should we begin? Attachment perspectives on sound and music Smoking Fags, Drinking Tea: can therapy disrupt a client's compulsion to repeat his unhappy pastP Reflections on normativiiy when working with GSRD clients Attachment implications for racial trauma: theory and practice Conversations about Dementia Total Atteftdees: 187 Total Short Courses Income for 2023-2024: £38,990 + 36% on previous FY th th The 27 John Bowlby Memorial Conference was held on-line on 20 April 2024: Attachrnent, Cllmate Crlsls and the Natural Worfd. This conference focused on the very pressinE topic of climate crisls through the unlque lens of Attachment Theory, We explored the profound impact of climate change on rnental health, emphasizing anxiety, helplessness, and depresslon. Simultaneously, we hi8hli8hied how the natural world serves as a vital source of comfort and healing. The Conference was expertly chaired by Bowlby Member Linda Cundy and speakers included: Professor Jeremy Holmes (Keynote), Maggie Turp, Karen Carberry, Roger Duncan and Dr Isabel Jlmenez Acquarone. Total attendees: 70 Conference Income for 2023-2024: £5,576 -86% on prevlous FY Note on income.. This decrease can be explained in 2 ways. In the previous year we partnered with another Membership organisation so were able to pool our resources, network and reach. Oue to the heightened concern surrounding the charlty's financial position in 23-24 the very new CEO was reluctant to spend budget on paid advertising and the strategy was instead focused on free social media opportunities and posts and requests to repost from wÉthin our own community. Costs were significantly lower, as this year's conference was held on line so there were no venue or catering costs. Looking forward: A Courses and Conference Committee was convened by the former CEO to oversee this area of activity. This will ensure that short courses and events are programmed with reference to the core charitable objectives and wlll reach financial break even or preferably generate profit. A review of the Conference and short courses business model was undertaken durin8 this period. It was also decided to focus on a clinical topic for the next Conference.
THE BOWLBY CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED FOR THE YEAR ENDED 31 JULY2024 iii) Blues Projert This low-cost therapy service provides a dual purpose: a. provides opportunity for our students to build up their hours of client work professional regislration. b. provides low cost and accessible therapy to those who most require this servlce and would otherwl find it extremely difficult, even impossible, to access psychotherapy for financial reasons, andlor because of their presenting issues and accompanying diagnoses. a requirement for DurinE this period the service was coordinated by Rosalind Graln8er who has introduced a revlsed application form and improved terms and conditions. w clien re in 023-2024 Rosalind Grain8er has signalled her intention to leave the role of co-ordinator at the end of the 2025. In the light of this and other issues that have been identified during her tenure, plans have been made to revlew the Blues Project to ensure it remains fit for purpose and continues to serve the dual purpose as noted above, whilst Rosalind is still available to provide her expert input. Points to consider to include: I, There will be very few Blues clients taken on next academic year as we don't have an Intake of year 3s for the ABPP and APL students don't usually have as much capacity to take Blues clients, 2. We are reviewing online working to make it easier to place Blues clients with students who are outof London. 3. We have fewer applicants for Blues therapy now that the cost of Blues therapy is greater (£40 a wk instead of £201. A rise in costs for the client was necessary to cover the increase in room hire for trainees. 4. We are considerlng adding low-cost referrals and a full-fee assessed referral to the options we offer. 5. We are lookin8 at ways of sharing knowledge learned from Blues work with the students and beyond, e.g. how to assess a client, or interesting case studies. 6. We are thlnking about better ways to rlsk assess or work wlth vulnerable people to ensure they re1ve the appropriate level of therapeutic experience. iv) Membership The 8owlby Centre is a professional membership organisation. Following an interview, any Psychotherapist who is registered with the Council for Psychoanalysis and Jungian Analysis of the UKCP, or other Psychoanalytical registration body, can apply to be a Member. The membership fee for 23-24 was £300 per annum with discounts for retired Members and norFclinical Members.
THE BOWLBY CENTRE TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) ICONTINLIED) FOR THE YEAR ENDED 31 JULY2024 Benefits of Membership: • able to apply for UKCP reglstration wlth us as their membership organisation {as attachment based psychoanalytic psychotherapists). Access to PEP-web (on-line academicjournals). Subscription to the Attachment Journal12 issues per annum). Free access to Clinical Forums. discounted rates to the Bowlby Centre Conferences and short coutses. access to Members, mailing lists and a professional community which includes opportunities for tutoring, supervision and information sharing. 2023-2024: 134 members In f r 2023-2024 £40 853-6.5% on revious F v) Journal: . Attachment- New Dlrectlons In Psychotherapy and Relatlonal PshOanalvslS We publish the Attachment Journal twice a year in collaboration with our publishing partner Karnac Books. The range of articles in this publication provides a rich and unique resource for students, clinicians and researchers workin8 In the world of attachment and relational approaches to psychotherapy. The Journal was edited throughout this period until May 2024 by Dr Aysha Begum whose last issue was published in June 2024. The June 2024 Journal Volume 18 no I was a Special Issue on Siblin85. Many thanks go to Or Aysha Begum for all her great work on the Journal and for Introducln8 the ri8our of the peer vIeW process. We continue to have a strong relationship wlth Phoenlx Publlshlng House, provldin8 Invaluable sUprt and guidance. We would like to thank Mrs. Kate Pearce, Anita Mason and all staff at Phoenix for their work producing and prornoting the Journal. Asslstant Editor Wayne Davis agreed to take on the role of interim editor In order to get the next edltion published in December 2024. He is supported by Kate Brown on the editorial team and assisted by Kate Pearce from Phoenix. We give thanks to Wayne and the tearn for getting the December 2024 edition published. urnal subscri tion totals for 2024 151 The Bowlby Centre 66 Individual (not Bowlby Members) Institutional: 9 University of Greenwich Tasmanian Health Serrfice IT Carlow Libraries Université du Québec a Montréal Whiteleaf Library Universita, Studi di Torino Regents University London Academic College Tel Aviv-yaffo Kinder- und Ju8endp5ychiatrische Dienste
THE BOWLBY CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 JULY 2024 During 23-24 we received £450 in royalties income frorn Karnac for sales of Attachment, Looking forward: Kate Brown has accepted the role of editor and is currently recruiting a new editorlal team. The two editions for th 2025 will be a celebration of the Journal's 18 Birthday, and will revisit key papers and writers from our rich history. There is much more which can be done to promote the Journal to generate income and to makesure it is accessible to a wider readership and for discounted rates where appropriate. All of this, including the business rnodel will be discussed and revlewed in a working 8roup started in Autumn 2024. Kate Brown and previous editors and editorial board members will be a key part of this consultation and review process. The Bowlby Centre produces a series of monographs based on the papers given at the John Bowlby Mernorlal Conferences and other conferences put on by The Centre. Kate White is the series editor. The monograph of the Dissociative Identity Disorder conference, delivered in partnership with the Clinic of Dissociative Studies UK, edited by Sue Richardson, is due to be publlshed in June 2025. The monograph of the 2024 conference on Attachment and Climate is due to be published in December 2025. These publications are produced by Taylor & Francis and the Bowlby Centre receive5 royalties on all sales of these titles. Durin8 23-24 we ceiVed £800 in royalties income for these publications,
THE BOWLBY CEMfRE TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2024 anlsatlonal Activi i) Financial The great work started by Ellzaeth Balgobin with Accountants RWB has continued in our efforts to make our monthly financial reports as clear and as 'informative' as possible to aid the work and planning of the CEO, Finance Committee and Board. This has meant that we are better able to track our financial position up to the year-end ensuring we were invoiced by all those that had delivered serrflces for us, and that we had a clear list of outstanding debts to chase for payment. This work will no doubt continue as we refine what is needed to better track, forecast and budget, The Flnance Comrnittee strengthened.our financial governance by recommending a series of financial tar8ets, which rf not met, would tri88er a series of organlsational steps and decisions to be taken by the Board at year end. Thls process was accepted by the Board and our targets were met. li) People Jo Matthews was appointed CEO in January 2024. Glnny Foll who was our Premlses superrfisor stepped down at the end of July 2024 when we left our bulldlng at l HIBhbury Crescent. Member Sarah Devereux stepped back frorn her role as CPD Ctrordlnator. This role Is now lar8ely carried out by Sarah Slater ladminl with support from Tori Settle. Ill) Premises In order to put the Centre on a firmer financial footing, we took the difficult decision in the prevlous financial year to leave our building in Highbury, and this happened at the end of July 2024. Teaching will be undertaken from Highbury Grove School from September 2024 onwards. We are also rnoving to a weekend teaching model to attract students from further afield. All other charity business is carried out online, or in person meeting rooms are booked as and when required. Alternatlve premises have been researched for next year's teaching bul none has been able to meet our time and student number requirements. Research will continue. We sold our laptops and other equiprnent where possible. generating some small surns by selling on eBay. Anything else that we could not sell was given to charity or reoffjled. We also held an auction at our July 2024 AGM/Graduation/Leaving Highbury Crescent Celebration, of our framed prints and photographs. Again we were able to raise a small but useful sum from these sales. Iv) Organisational Committees are as follows Finance Conference & Events Executive Clinical Training Ethics
THE BOWLBY CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Fin umma Our accounts are independently examined by TC Bulley Davey. The Statement of Financial Activities for the year, show5 a growth in income and a redutt6on in expenditure which has left the or8anisation with a srnall surplus for the year 2023-24. The full set of accounts are available at the Charity Commlsslon and Companies House. We are grateful to the members. students, trustees, and supporters who have given up so much of t1r valuable time voluntarily or contributed with financial donations, and enabled the or8anisation to continue to meet its charitable objectives. The Charity received income {excludlng interest) of £270,17712023 £257,951) during the year. The main sources of incorne were: Cllnlcal Tralnlng fees of £162,87112023 £138,865) Membership £40,853 {2023 £43,819) Short Courses & Conference £44,56612023 £39,238) Donations of £4,897 frorn Sale of IT equlpment and framed prints. Expenditure for the year was £264,629 (2023 £287,275) which Is £22,646 less than the previous year. Thls can be broken down as follows: Membershlp: £40,506 Education and Training Icovers Clinical Training, Short courses and conferences): £153,447 Clinical Service5 covering room hire and therapy services: £41,773 Governance costs: £20,351 Fundraising,. £8,552 During the year, working with Flnance Committee and Cllnical Tralning Committee we have closely scrutinised the costs of running our trainin8 courses. includin8 a new planned Certificate ( Introduction to Attachment) course for 2024-2025. We have set minirnum recruitment numbers to run the courses and raised our fees for all new students startin8 in 24-25. The minimum student numbers represent a level that means we can afford our standard drop-out rates. As our key source of income it was imperative to start this exercise with the training courses. The same principles will now be applied to our short courses. conference and then eventually Membership, the Journal and other publications. It is not that we expect all our core activities to be profit generating, s(yne simply need to breakeven, but we do need to be able to take informed decisions about which areas fall under which category. Reserves The Charity's funds at 31 July 2024 stood at £78,58512023: £71,112). It is the policy of the charity that unrestricted funds which have not been designated for a specific use are held in a separate account. If there was a significant decrease in funding or increased costs, this money would be used whilst considering appropriate actions and raising funds. The trustees have assessed the rnajor risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. 10-
IHE BOWL8Y CENTIE IRUfEES' REPORT IINCLUDING DIRECA5, REPORTI (CONTINUED) FOR THE YEAR ENDE031 JULY2024 structiirej vern8c8 and m•n•8emeTht The charlty Is a company limited by iu•rnntee. The trustees, who are also the dlr¢¢tors for the purpose of cornpany law. and who served durin8 the year and up to the de of eNatUre of the ftThanclal sLements are named above undar LeA41 and Admlnlrtratt Infarmatjon: Noné ol the trustets has •ny beneftclal Interest In the company. All of th• tru5t••s •r• m•mb•r5 rf the company and 8uarantee to contrlbute *1 In t eventof a wlnd5n8 U The trustees. who are •lso the dlre¢tors of The Bowlby CeThtr• for thè purpose of comp•ny law. are responslble for preparin8 the Tfut, Report ènd the flnancl•l ststements In accord8e wlth appllcable law ard Unlted Klngdorn Accountlni Stsndards {Unlted Klnidom Generally A¢¢eptsd AccQurrtln Practice). Company Law re4ulres the tnjsteas to prepare fln•nclal ststements for each flnancSal year whlth 8lve a true and falr vlew of the stste of affalrs of the charSty and of the incorn1 resOue5 and appllcatlon of resources. Sncludlng th• Income and expendlturè. of th• charft•bl• company for that year. In pr•pariry these flnanci?1 sLitements, the trustees are requlied to- -sel•rt sultsbl• acctsuntln8 pollclej and th•n •pply th•m conslst•ntlv; - observe the methods and prindples in th• Chariil•s SORP; - m•k¢ Jud8ements Ind e5Urnate5 that are re•son4bl• and prudent; and - prepare th• flD•n¢lal stat•m•nts on the golng conc•rn basls unl•ss It Is Inapproprfat• to prum• that th• th•rFty wlll contlnu• In op•r¥tlon. The tiustees are responslble for keepini adequate accountlrry r4cords that d15clgse with rn•sonableaccuracy ¥t any tlme the fin•nclal posltlon of the charity and enable them to •nsur• th•t th• flnandal statsm•nts comply wlth the Companles Art 2006. Thry are also respon51ble for safe8ua¥dln8 the assets of the ch•TIty aThl hvnc• for tgkln8 reoonable ep5 foi the preventlon and detectlon of fraud and other Irreiularltte& The trustee¢ report appolnted by t Board of Truste•& rE•r EDlr•¢lorl. Artln&awlr ottrusts• Trustee 11
THE DOWLBY CENTrE STATEMENT OF TRiJsfEES' RESPONSIBILITIES FOR THE YEAR ENDED31 JULY2024 The trustees. who are also the directors ofThe Bowlby Centle forihe purpose of comparty law, are responsible for reparin8 the Tru5tee5' Report and the financlal statements in a¢cord•n¢e wlth applicable I and United nadom Accountlrf Stsndards Iunlted KId0M Genernlly Accepted A¢countlng Prncilc•). Cornpary law rdqtslres the trustees to ePare financial statements for eath flnanclal year whlch give a true and falr view of the st•te of ahlvs of the ehafity 4nd of th• Incomln8 resour9 and applkatlon of rsource5. ifiGludl th• 5ncome and expendlture, of the chafltabl• CoMnY for that 11. In preparfn8 these Ilnanclal stat•rnènts, the trustees are requlred to: - select sult•bl• a¢tountln8 poll¢les and then apply them con¥Sst•ntly; . observe the methods and prlndples In the Charllles SORP. . ffl•k• I1•M•ntsd mIt•S tt •r• r•450nable prudent. stste whether appllcable UK Ac¢ountin8 Standards have bpen followed. subjert to any m*¢rf41 d8parturés dliclosed and explain In the ftnan¢lal st4t•m•nts: •nd - prepare the frnanci41 statemerts on the plng eoncerfi basls unle55 St15 In•ppropr5ate to presume that the charlty will continue in operatS0n. The trustees are rejportslble for keeplry adequate Kcountlns r•¢ords th•t dlsclose wlth re?nOble accuracy •t any ttme the flnantlal posltlon of the tharlty and enable thern to ensure that the flnanclal 5tatemerts comply wlth the Companles Art 2006. They are also responslble for safe8uardln8 the assets of the charlty and hence for tskin re1150nable steps foT the preventfon and detectlon of frnud and oth•r IrrewJl•rlngS. AppTffid by the tntstee5 of the ¢harlty OD.. . and 516ned on its behèlfty. 5 Y O•ry•r {Dli•rt•rJ- th•lr of Tnmt Trustee 12-
THE BOWLBY CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BOWLBY CENTRE I report to the trustees on my examination of the financlal statements of The 8owlby Centre (the charity) for the year ended 31 July 2024. Responsibilities and basis of report As the trustees of the charity land also its directors for the purposes of company lawl you are rsponsible for the preparation of the financial statements In accordance with the requirements of the Companies Act 20061the 2006 Act), Havlng satisfied rnyself that the financlal statements of the charity are not required to be audlled under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 {the 2011 Act}. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)Ibl of the 2011 Act. Independent examlner'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 l am qualified to undertake the examlnation because l am a member of FCA, whlch Is one of the listed bodles. I have completed rny examination. I confirm that no mattets have come lo my attention In connection wlth the examination giving me cause to believe that in any rnaterial respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006Act; or the financial statements do not accord wilh those records; or 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 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 Financlal Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other rnatters in connection with the examination to whKh attention should be drawn in this report in order to enable a proper understanding of the fi'nancial statements to be reached. G Darbourne FCA for and on behalf of TC Group Brightfield Business Hub Bakewell Road Orton Southgate Peterborough Cambridgeshire PE2 6XU Dated: 29 April 2025 13-
THE BOWLBY CENTRE srATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2024 Unrestrirted Unrestricted funds funds 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 4,897 264,775 1,930 15,101 241,537 1.313 Total income 271,602 257,951 Ex Charitable activities en 264,129 288,197 Net income/(expenditure) for the year/ Net movement In funds 7,473 (30,2461 Fund balances at l August 2023 71,112 101,358 Fund balances at 31 July 2024 78,585 71,112 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitie5. The statement of financial activities also complies with the requirements for an Income and expendrture account under the Companies Act 2006. 14-
THE BOWLBY CENTRE BALANCE SHEET AS AT31 JULY2024 2024 2023 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 2,993 io 24,336 75,463 21.750 85,880 99,799 107,630 Credltors: amounts fallin8 due withln one year li 121,214} {39,511) Net current assets 78,585 68,119 Total assets less current Ilabllitles 78,585 71,112 Income funds Unrestricted funds 78,585 71,112 78,585 71,112 15-
ThE 8OWiOY CENTR BALANCESHEEr (ciivriNUEO) ASAf31 JuiY2024 The company Is entltled to the exemptlor from the audlt requlrement contalned In sectlor• 477 of the Companies Act 2006, ft¥r the •r ended 31 July 2024. The dlre¢tos acknowled8e thelr responslbllltles for eDsurln8 that the charlty keeps acrountlng rtords whlcb. mpty with section 386 of the Act and for preparin8 financial 5taternents whith Blve a true and fairviEW of the state of affair5 of the company as at the end of the financial year and of Its Incomln8 resources and application of resources, Includin8 its income and eypenditure. for the financlal year In •ccordance wlth the requtrements of secttons 394 and 39S and whith otherwlse comply wlth the requlrements of the Comp*nies Act 2006 relatlng to Ilnan¢lal st•tements, so faw a5 appllcable to the company. The memberJ have not requlred the company to obtaln an audit ol its flnanclal st•tements for the ar In que511on ID a<cord•nce wlth sertlon 476. These flnancial statements h•we been prepared in gccordance with th• pnwlsions appllcable to companles suble¢l to the small companie5 regime. The fin•ncl•l rtatem•nts wer• •ppmv•d by the Trustees on... IY. B•r84r IDlr•ctorl. Actlng Ch•li of Trust••s TNJl•• Cwany Reglslrntlon No. 03271512
THE BOWLBY CENTRE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR EAIDED 31 JULY 2024 Accountlng policies Charity information The Bowlby Centre is a private company limited by guarantee incorporated in En8land and Wales. The reEiStered office is The Old Town Hall, Market Place, Oundle, Peterborough, PE8 48A. 1.1 Ac¢ountln8 convention The financial statements have been prepared in accordance with the charity's Igoverning documentj, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparin8 their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effettive l January 2019) The charity is a Public Benefi't Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accountin8 policies adopted are set out below. 1.2 Going concern Al the time of approvin8 the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees In furtherance of their charltable objectives. Restrirted funds are subject to speclflc condStSons by donors as to how they may be used. The pUrSe$ and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be malntained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions hwe been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notifi'ed of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 17-
THE BOWLBY CENTRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JULY2024 Accountlng policies Icontlnued) Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Income and expenses are included in the financial statements as they become receivable or due. Expenses Include VAT where applicable as the company cannot reclaim it. 1.6 Tanglble fixed assets Tangible fixed assets are Initlally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreclation is recognised so as to wrlte off the cost or valuation of assets less their resldual values over their useful lives on the following bases: Leasehold Improvements Furniture and fittings Computer equipment 20% strai8ht Ilne per annum 20% strai8ht line per annum 20% stral8ht Ilne per annum The gain or 1055 arising on the disposal of an asset is determined as the difference between the sale proceeds and the carryin8 value of the asset, and Is recognised in net income/lexpendlturel for the year. 1.7 Impairment of fixed assets At each reporttng end date, the charity reviews the carrylng amounts of Its tanglble assets to determine whether there Is any indication that those assets have suffered an impairment loss. If any such indlcation exists, the recoverable amount of the asset is estimated in order to determine the extent of the impirment loss lif any}. 1.8 Cash and ush equlvalents Cash and cash equivalents include cash In hand, deposlts held at call with banks, other short-term liquid investments with original maturities of three months or le55, and bank overdrafts. Bank overdrafts are shown within borrowings In current liabilities. 1.9 Financial instruments The charity has elerted to apply the provisions of Seciion 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial Instruments. Financial instruments are reco8nised in the charity's balance sheet when the charity become5 party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the fi'nancial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention tosettle on a net basis or to realise the asset and settle the liability simultaneously. 18.
THE BOWLBY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Accounting policies (Continued) 8oslcfinonciol assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a h'nancinE transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classifi'ed as receivable within one year are not amortised. Bosicfinonciol liobilities Basic fi'nancial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrurnent Is measured at the pEsent value of the future payments discounted at a market rate of interest. Financial liabilities classified a5 payable within one year are not amortised. Debt instwments are subsequently carrled at amoriised cost, usin8 the effective Interest rate method. Trade credltors are obllgations to pay for goods or services that have been acqulred in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities If payment Is due withln one year or less. If not, they are presented as noTrcurrent liabilities. Trade creditors are recognised initially at transaction price and subsequently rneasured at amortised cost using the effective interest method. Derecognition oAfinoncial liobilities Financial liabilities are derecognised when the charit5 contractual obligations expire or are discharged or cancelled. 1.10 Taxation The charity Is considered lo pass the tests set out In Paragraph I Schedule 6 of the Finance Art 2010 and therefore it meets the def7nltion of a charltable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such incorne or galns are applied exclusively to charitable purposes. CrltScal accountfn8 estlmates and Judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumption5 about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basls. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.
THE BOWLBY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Donations and legacles Unrestricted Unrestricted funds funds 2024 2023 Donations and gifts 4,897 15,101 Charltable actlvltles Unrestricted funds 2024 Total Total 2024 2023 Membership- Membership and registration fees Education and training- clinical training for psychotherapists Education and trainln8- short courses and seminars Education and training- conferences Education and training- mlscellaneous income Clinical services - room rental and therapy services 40,853 162,871 38,990 5,576 3,430 13,055 40,853 162,871 38,990 5,576 3,430 13,055 43,819 138,865 28,525 10,713 3,828 15,787 264,775 264,775 241,537 Investments Unrestrlcted Unrestricted funds funds 2024 2023 Interest receivable 1,930 1,313 .20-
THE BOWLBY CENTrE NOTES TO THE FINANaAL STATEMENTS IcopifiNUEDI FOA ThTE YEAA ENDED JI JIIIY2024 Ch•rft•ble •rtlvllles Fund14 M•mb•nhlp Ed.Ihlnlry ainlul Go¥•minc• Totsl 2024 Tgtsl 1023 Membershlp and reglstrayon costs Imernberyhlpl Serninars and conferences (Appllcattonl Inter¥lew and assessment fees IApp15c•tyonl Attachrnentlournal SubscripOn (Appllcatlonl Teachlng ¥nd tutorlal fees (Appllcaifon Experlendèl group expenses (Appllcèdonl Referrals Servlce IApp11catlonl Insurance (Bulldinz usel 8uildln8 C05t5 (Bulldlng usel Office ¢oSt$ (Bulldlng usel Computer costs (Admbnlstraonj operan8 lease rentals (Bulldlng usel General expenses (Admlnlstrthonl Accountancy fees (Workload) AdminIStraOn record-keepin8 and clerlcal fees IHoursl Administra#on and 5ecretarSal servltes (Hours) CTC and EXeCU¥e Commlttee adm5nlstration IHoursl Le8al ar*d professlonal fees15peclfl¢l Bank char8es Paypal ¢har8es Bad debts written off Amordsaon ol property lease lrnpro¥ernent518ylldln8 Depreciitfon IBuildln8 usel Los5 on dlsposal of tanglble fixed assets 7,452 1,863 6.300 5,545 s.soo 63,134 6,570 9,315 8,326 7,317 5,350 6,975 70,722 16,317 985 5,881 26.187 2,497 7.462 36.000 9.098 10,106 32,298 31,086 1,64S 2,195 78 3,970 5,545 63,134 6.570 670 3.7S3 511 2.764 4.398 70 616 6.176 13,074 124 220 11.882 998 5,346 13,927 6,683 1,190 11.942 271 14.697 175 922 17.225 275 205 2.059 5,604 41 772 624 17 92 733 12 11.340 206 1.938 31,269 1,719 9,216 36,649 7,046 13,392 20,589 37,357 410 313 92 366 41 206 7,471 237 917 917 4,270 4,270 358 30 898 1,736 299 30 2,993 8.S52 40.S06 152,947 41,773 20,351 264,129 288,197 .21-
THE BOWL8Y CENTRE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Trustees None of the trustees (or any persons connected with them} recelved any remuneration or benefits frirn the charity during the year. Taxatlon No provision for taxation has been made in these accounts as the company is a registered charity and all surplus funds are applied for charitable purposes. Tan8lble fixed assets iea>ehold Furnltwè •nd Impro¥ements in¥5 Cost At l August 2023 Disposals 1,788 {1,7881 5,163 (5,1631 6,951 16,9511 At 31 July 2024 Depreciation and impalrment At l August 2023 Elirninated in respect of disposals 1,432 11,4321 2,526 12,526) 3,958 13,9581 At 31 July 2024 Carrying amount At 31 July 2024 At 31 July 2023 356 2,637 2,993 10 Debtors 2024 2023 Amounts falling due wlthin one year: Trade debtors Other debtors Prepayments and accrued income 1.979 9,000 13,357 4,107 9,0(M) 8,643 24.336 21,750 -22-
THE BOWLBY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 11 Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income 12,802 8,412 11,218 28,293 21,214 39,511 12 Operating lease ¢ommltmentS At the reporting end date the charity had outslandin8 commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: 2024 2023 Within one year 24.000 13 Related party transactlons C. Holland, a Trustee for part of the year, provides teaching services to the charity, invoiced on an arms- length basis. Paymenls durlng the year while serving as a Twstee were £70012023- £6,135). S. Berger, a Trustee, provided services to the charity, Invoiced on an arms-length basls. Payments durlng the year were £15012023 - £nil). There were no other disclosable related party transactions during the year12023- none). .23.