2021-08-31-accounts

B C P C

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS

31 AUGUST 2021

Company Registration Number: 3768246 Charity Number: 1075620

B C P C

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

Contents	Page
Report from the Chair of Trustees	1
Trustees’ Annual Report	2 – 11
Reference and Administrative Information	12
Independent Examiner’s Report	13
Statement of Financial Activities	14
Balance Sheet	15
Statement of Cash Flows	16
Notes forming part of the Financial Statements	17 - 27

B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

REPORT FROM THE CHAIR OF THE TRUSTEES

It has been another successful year for BCPC with high numbers of applicants and enrolments. Our financial position remains strong with a surplus at the end of the financial year to be added to the General Reserves.

The impact of Covid continued to challenge our training delivery and we again relied on the Zoom platform for remote delivery. We were able to offer in person teaching for two out of the three academic terms. This was achieved by hiring additional premises in order to preserve social distancing. The challenges presented by delivering on split sites were embraced by both staff and students, and we were again able to provide the opportunity for some students to attend remotely when it was necessary to isolate for some weeks or where they themselves presented with additional health risks.

Much of the attention of the Director, the senior managers and the office was focused on keeping pace with the weekly Government updates and reviewing protocols and guidelines with measures to suit the different premises. Nevertheless, we were able to maintain a tight organisational policy with a flexible response where needed, and by maintaining a close eye on reporting and swift action where a case was identified, we were able to avoid any spread of infection. All staff and students are to be congratulated for their adaptability and commitment which made this possible.

Critical to the successful management of our organisation during these difficult, complicated times has been the vigilance, dedication and hard work of our Director Tree Staunton. She has headed up a conscientious office team whose support for students has been unstinting. The Finance Manager, Karen Iles, has maintained a firm and steady hand on the budget. Thanks to careful planning, including increasing our reserves in previous years, the impact of Covid has been reduced, and we are in a healthy position going forward.

In light of the need for flexibility the Trustees proposed a change to the Memorandum & Articles such that Trustees meetings and the AGM could, where needed, be held online. It was agreed at the 2020 AGM to take this forward. As reported in last year’s annual report, Peter Binns stood down as Chair and I have been Acting Chair until a permanent appointment is made. The Trustees have worked effectively over the last year using their wide range of skills and experience. We have been actively seeking new Trustees for next year to increase our numbers and range of expertise available.

The Quinquennial review by our accrediting organisation, the UK Council for Psychotherapy, took place in April with both our Counselling and our Psychotherapy Diplomas being under review. I am pleased to report a very successful outcome and that the review was passed with commendations. The assessors noted from both the last review and this one that it was understood that the organisation is in a process of developing management structures and devolving roles and responsibilities to a broader management group. The management team met regularly during the year and it was established that an additional role of Deputy Director (fixed term) was needed in order to secure succession planning.

Frankie McGibney Acting Chair, BCPC Board of Trustees October 2021

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B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

Objectives and Activities of the Charity

The objects of the organisation, as set out in the Memorandum and Articles of Association are:

‘To promote the preservation and protection of mental health, to advance education and to relieve persons suffering from psychological or emotional illness by:

(1) Educating, training, qualifying, setting standards of practice for and supporting psychotherapists and counsellors through the provision of courses, classes, seminars workshops and conferences on the subject of psychotherapy and counselling, leading to recognised qualifications to practise in these areas, as well as through the promotion of an association for students, trainees, and a professional community of practice for psychotherapists and counsellors;

(2) Providing counselling and psychotherapy for those suffering from psychological or emotional illness; assessing the needs of members of the public requiring counselling or psychotherapy and making such referrals as are deemed appropriate; as well as providing skilled practitioners for nurturing better relationships at all levels*;

(3a) Undertaking research into and the study of psychological or emotional well-being and illness and the theory and practice of psychotherapy, counselling and human relationships at all levels*, and publishing the useful results and findings of such research and study;

(3b) To model and reflect the approaches we teach and espouse in our own organisation and trainings;

(4) To do all such other acts and things as are or may be incidental or conducive to the attainment of the object or ancillary thereto and to formulate, prepare and establish schemes therefore provided that all the activities of the Charity shall be of a charitable nature.

• by relationships at all levels we mean both: a) cognitive, emotional, physical and spiritual; and b) personal, inter-personal, couples, families, groups, teams, organisations, systems, transpersonal and ecological.

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B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

Public Benefit Reporting

The trustees have paid due regard to the Charity Commission’s guidance on Public Benefit in deciding what activities the charity should undertake.

The principles of Public Benefit are:

• there must be an identifiable benefit which is related to the aims of the charity; and,

• benefit must be to the public or section of the public.

Taking the aims of the charity in turn, these requirements are addressed below:

Objective 1 was pursued in various forms – training courses, workshops, Continuing Professional Development courses, speaker day/conferences and evening lectures; a rigorous network of committees for maintaining standards of training, ethics; professional practice rooms for consultation to members of the public – and this activity delivered the following public benefits in 2020/21

• qualified counsellors and psychotherapists of a high standard with ongoing professional support and standards monitoring were trained and entered professional practice in the community. This benefits all members of the public seeking mental health care of this type. Therapists often operate sliding fee scales linked to income, thus not excluding users on the grounds of poverty;

• members of the public could train and educate themselves in counselling and psychotherapy with BCPC, at a level appropriate to their interests and financial resources (doing anything from a one day workshop up to a long term professional diploma / MA);

• members of the community of graduate counsellors and psychotherapists have been able to attend professional workshops and talks at BCPC in order to further their knowledge and skills in their professional practice.

Objective 2 was pursued via the provision of a free referral service (the PCS) to the public, which helps identify and refer them to appropriate therapists. The benefits of these services to the public are self evident and do not exclude users on the grounds of low income.

Objective 3 leads to

• the furtherance of publicly available knowledge and skills in the application of counselling and psychotherapy, thus providing obvious public health benefits;

• assurance that the values and ethos of the organisation are rolled out to members of the public in communications and publications by inclusion of office and administrative staff in the professional training meetings and discussions.

Objective 4 has been pursued via the delivery of the BCPC low cost counselling scheme which has a dual purpose of providing counselling to senior citizens and those on low income whilst providing invaluable experience to student practitioners. The scheme had another successful year, with all students completing blocks of 12 weeks with 2-3 clients. This has been advertised through local GP surgeries, community centres and other public sites.

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B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

Review of Activities and Performance

Following Government guidelines and requirements for social distancing BCPC offered training on split sites during this year, with some student groups at BCPC’s Trim Bridge premises and some attending at a local church hall. The Spring term reverted to online training only due to Covid restrictions. The expertise gained by staff in the previous academic year enabled us to adapt training and curriculum requirements in order to successfully deliver all courses. Staff and students are to be congratulated for their flexibility and commitment which made this possible.

The practice rooms were not let out for practitioners during most of this year due to the extraordinary needs of the training for rooms within the building.

For the second year running BCPC has offered successful online conferences, due to Covid restrictions in place. In Autumn 2020 a conference on Supervision was jointly organised by BCPC and the Centre for Staff Team Development (CSTD) in Bath. Numbers were limited to 60 for ease of online management and it was fully subscribed. There was a presentation by Professor Peter Hawkins, one of the founders of BCPC, and published author on the subject of supervision. Discussion groups followed, led by tutors and supervisors, and the conference concluded with a book launch of the 5[th] Edition of ‘Supervision in the Helping Professions’ published by Open University Press (June 2020).

In May 2021, the Spring Members’ Conference took place online with over 60 members attending a presentation by Syed Azmatullah, a colleague from within the UK Council for Psychotherapy, representing the Committee on Equality Diversity and Intersectionality. A presentation entitled ‘Towards Equality Diversity and Inclusivity’ was followed by small group discussion and a Q&A session. In line with BCPC’s commitment to addressing equality and diversity within the organisation and training, Syed Azmat was also invited to attend both Autumn and Spring staff meetings to offer guidance and support. One of the sub committees of BCPC Trustees, the Standards and Ethics Committee has extended its remit to include diversity and it was agreed at the last AGM (Nov 2020) that it be re-named the Diversity Standards and Ethics Committee.

The graduation ceremony which followed the Spring Members Conference congratulated those successful in receiving their awards; during this year twelve counsellors and two psychotherapists qualified. Submission extensions have been permitted this year due to the restrictions of the pandemic and in line with University guidelines.

As in previous years we were oversubscribed for both our Foundation year and our Diploma courses and therefore unfortunately some eligible applicants were not accepted for training.

Our referral service continues to deliver professional consultations at affordable cost to members of the public, with the low cost service operating as a placement for our trainees. During this year we have been pleased to be able to offer a subsidy for extra support to some clients with additional needs who were seen for longer periods of time by more experienced trainees.

Once again we are grateful to members of the various Committees that support the work of the training and membership, and help us to fulfil our regulatory requirements. All graduate members are welcome to join the committees.

This year we welcomed 4 new staff members onto the teaching team and there were a total of 16

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B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

tutors teaching with some teaching on more than one course. The management team of three course leaders met regularly with the Director to discuss and agree management strategies and decisions, as well as future developments.

1. Objectives for the year 2020/21

The main objectives for the academic year were addressed as follows:

• The Low Cost Counselling Service continued to deliver services to the public in person and also remotely, seeing increased client numbers

• BCPC continued to offer a free referral service to members of the public with increased service users

• BCPC offered its Spring Conference online with expert speakers and over 60 graduates attending

• BCPC encourages graduates to successfully publish their research in relevant professional journals

• Ongoing liaison with Dyslexia expert for students with individual learning agreements

• BCPC offered teaching and learning in person for 2 out of 3 terms on split sites to meet social distancing requirements.

• A blended learning approach was available for students unable to attend in person due to Covid-19 Risk

• A BCPC bursary was awarded to a BME applicant with a view to bringing underrepresented groups into the profession

• The UKCP review of both our Counselling and our Psychotherapy Diplomas was passed with commendations

2. Student numbers in 2020/21

The table below shows start of year student numbers for the last three years:

	2020/21	2019/20	2018/19
Foundation	54	54	54
Counselling
-Year 1	18	18	17
-Year 2	18	17	27
- Year 3	30	26	16
Psychotherapy
-Psychotherapy Year 1	17	18	16
-Module 1 (start of M.A.)	10	15	14
-Modules 2&3	27	31	31
-Module 4	15	12	6
-Module 4S (5)	11	6	10
Total	200	197	191

For the academic year 2021/22 it has been decided to run 3 Foundation Certificate groups and 54 students have been enrolled. We are also running an additional Counselling Year 1 group this year due to high demand. We have 212 students enrolled in all.

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B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

3. Financial review

3.1 Background

A charity must classify the income it receives as either ‘unrestricted’ (i.e. no special restrictions have been placed on the income and it can be spent as the trustees see fit) or as ‘restricted’, where the donor places explicit restrictions on the future use of the money.

The surplus of income over expenditure in any year is termed Net Income for a charity (in other organisations this is called Profit) and this gives rise to an accumulated reserve at the year-end, called a ‘fund’. A fund is not simply cash, but rather all assets minus all liabilities.

A fund is akin to a ring-fenced pot of money. A charity may have several funds due to it having to keep track of how it received and spent different pots of money in complying with any special conditions on their use. BCPC’s main unrestricted fund is called the General fund – this is where most of the training and membership activities are recorded. The funds are all listed in the accounts and summarised in the table below at section 3.3.

3.2 Income and expenditure in the year

On the unrestricted General fund, trading results for 2020/21 show unrestricted net income (i.e. surplus) of £31,129 (2019/20: £92,589). This is a good financial result and an addition to our reserves. It is, of course, substantially less than the previous year which was an unusual year. Due to the pandemic the BCPC building was closed for a good part of last year and planned expenditure was carried forward to the following year.

Looking in a little more detail, net income can be broken down into the difference between income at £555,370 (2019/20: £570,164) and expenditure of £524,241 (2019/20: £477,575). Income is slightly lower this year. Numbers were less than usual in some groups with several students opting to defer until next year when the Covid 19 situation may have improved. The BCPC building has only been open for 2 out of 3 terms this year due to the lock down. When students were able to attend in person, extra space was needed to accommodate social distancing. Rooms were needed for training and therefore not available for room renting. We ran an additional Listening Skills course which was held online this year. The PCS Referral Service has become busier and income has increased.

The pandemic has also affected expenditure. We have rented external premises for 2 groups to ensure social distancing. The planned development of the management team began with further development carried forward to the next academic year. The decision was made to subscribe to an online library system with access to all students, obtaining books has been problematic with the building closed. Some headings are showing an underspend due to staff/students not coming into the building for part of the year which has reduced costs. Other headings show an overspend due to additional costs of the pandemic. Some planned expenditure has been carried forward again such as the replacement of the windows, in the ground floor and top training room.

The charity began the year with a planned deficit budget of £17,719. The charity’s performance during the year exceeded overall budgetary expectation. Underspends, planned expenditure being carried forward and contingencies were built in to cover an uncertain economic climate. The expected surplus this year will increase the General reserves which are held to provide cover for unexpected changes in income and expenditure, allowing us to continue activities. Some of the General reserves are likely to be used in 2021/22 to cover carried forward plans and additional expenditure relating to Covid-19, such as continuing to rent external premises to enable social distancing in groups.

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B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

Turning to restricted funds – Two small funds have been held for many years for the Community of Practice (£4,082) and Student Representative Group (£3,327) and had not been taken up. It was proposed by the Trustees and agreed by the Membership at the 2020 AGM that the funds be released and used to support:

Community of Practice (CoP) fund - To support low cost service referrals who have more complex requirements than can be accommodated within the current service, change of fund name to Low Cost Service Fund.

Student Representative Group (SRG) fund – To create a Student Hardship Fund, change of name to BCPC Hardship Fund .

3.3 Reserves position at the year-end

We started the year with a General fund of £630,146 and finished with £662,115. All the fund’s increase was via operating surplus for the year.

Transfers of £840 were made from the Low Cost Service fund to the General fund to support low cost service referrals and a further transfer of £11,000 from the General Fund to the Designated Property Repair fund for future repairs to the building.

The restricted funds can rise or fall from year to year, as finance is raised and spent pursuing our charitable objectives. The unrestricted and restricted funds position at the year-end is shown in the table below.

below.
	At 31.8.21	At 31.8.20
Unrestricted funds:	£	£
-General	632,115	611,146
-Designated	30,000	19,000
	662,115	630,146
Restricted funds:
- Low Cost Service Fund	3,242	4,082
- BCPC Hardship Fund	3,327	3,327
Total funds	668,684	637,555

The Trustees have reviewed the charity’s reserves policy and consider it necessary to hold free reserves - that is unrestricted funds free of long term encumbrance, such as being invested in fixed assets, - equal to four months of annual running costs. This equates to £168,000 and will be held to enable time to implement our contingency plan. At the end of this financial year the free reserves are £224,811. The free reserves this year are in excess of the charity’s reserves policy, mainly due to reduced expenditure following closure of the building for part of the year and some expenditure will be carried forward to 2021/22. The further planned development of the Management Team in 2021/22, with additional costs for the year, will be picked up by the General Reserves. The Trustees welcome the additional surplus this year as in these uncertain times the General Reserves will provide cover for any unexpected changes in income and expenditure.

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B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

Plans for Forthcoming Academic year 2021/22

• Low cost counselling scheme to continue to deliver services to the public

• Extend the extra subsidy to offer further sessions for clients with complex needs

• Continue to deliver a free Referral Service to members of the public

• To offer two online conferences annually developing contemporary themes

• To continue to develop staff expertise in areas of diversity and inclusion

• To offer a CPD programme with a diverse range of practitioners

• Ongoing liaison with Dyslexia expert for students with individual learning agreements

• Maintain our commitment to teaching and learning in person where this is safe to do so

• Continue to offer a blended learning approach for students who are unable to attend in person due to Covid-19 risk

• Offer bursaries for BME applicants on both Diploma courses with a view to bringing underrepresented groups into the profession

• To develop a 5 – 10 year strategic business plan

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B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

Structure, Governance and Management

1. The charity is governed by a Memorandum and Articles of Association, with accompanying bylaws. The charity is also a company limited by guarantee.

2. New trustees are elected at the Annual General Meeting (AGM). All trustees have to retire after three years but are eligible to stand for immediate re-election. Between AGMs, the trustees can co-opt new trustees, however, such co-opted trustees must be confirmed in their appointment through election at the subsequent AGM.

3. New trustees are inducted through a process including meetings with the senior management staff and trustees, and the circulation of many relevant documents such as minutes of previous trustees’ meetings, management accounts and annual accounts. A copy of the full induction procedure is available from the office.

4. Trustees are recruited through appeals to the graduate membership of the organisation, as it is stated in the bylaws that there should be at least two psychotherapy graduates and at least two counselling graduates of the organisation amongst the trustees. In addition, there should be at least two non-member trustees on the Board, who may be recruited through personal recommendation and subsequent approach, or through advertising in relevant press.

5. The trustees meet at least termly, or as the immediate situation demands. The Director reports to the trustees, and their work is directed through resolutions passed at these meetings. If matters requiring direction arise between meetings, the senior management are advised directly by the Chair of Trustees. Additionally, the bylaws indicate that a number of subcommittees also take responsibility for specific areas, including training standards, ethics and re-accreditation. Terms of reference for all subcommittees and job descriptions for senior management roles are in place.

6. The charity is subject to review by various external organisations:

7. The Charity Commission

8. Companies House

9. United Kingdom Council for Psychotherapy (UKCP)

10. British Association for Counselling and Psychotherapy (BACP)

11. Middlesex University

These organisations all impose various operating practices on the organisation to maintain its professional relationship and standing, and these form part of the job descriptions of the senior executive managers of the organisation.

1. The charity has no subsidiaries. The main partnership work currently undertaken in pursuit of its charitable objectives is the provision of qualifications accredited by BACP, UKCP and Middlesex University.

2. A risk policy has been created by the trustees. The policy states that in order to reduce risk in accordance with operational requirements, the following principles apply:

3. a) Insurance - policies will be at a level of cover recommended by the insurance company, with excess payments at or below £500.

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B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

• b) The acquisition of permanent freehold premises in 2014 has meant that our free reserves did not meet our reserves policy. This was a long-term plan to enable us to house all of our trainings in the same building and we are now able to offer additional courses. We have been rebuilding our reserves over the past few years and this year we have exceeded the General Reserves target.

• c) Financial control - a budget is to be set each year, with the aim as a minimum to break even over the year. Trustees will monitor the developing financial situation termly. Two signatories will authorise all financial transactions.

• d) Risk register - a register of risks shall be maintained and be reviewed by the trustees annually. Additional risk assessments have been carried out and procedures put in place for the BCPC building to be safely reopened for training.

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B C P C

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2021

Trustees’ Responsibilities in relation to the Financial Statements

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

The trustees are required to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgments and estimates that are reasonable and prudent; and

• state whether applicable accounting standards have been followed, subject to any material departures disclosed in the financial statements, and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.

Approved by the trustees and signed on their behalf by:

Registered office: Signed by order of the Trustees 1 Trim Bridge Bath BA1 1HD

…………………..

Frankie McGibney (Acting Chair)

Approved by the Trustees on ……………………

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B C P C

REFERENCE AND ADMINISTRATIVE INFORMATION

YEAR ENDED 31 AUGUST 2021

1. The name of the charity is Bath Centre for Psychotherapy and Counselling. The organisation is incorporated as a company limited by guarantee under the name BCPC.

2. The charity registration number is 1075620. The company registration number (registered in England and Wales) is 3768246.

3. The principal office (and registered office) is located at: 1 Trim Bridge, Bath, BA1 1HD.

4. At the time of this report, the Trustees and Corporate Directors of the organisation were: Frankie McGibney (Acting Chair) Judy Ryde John MacDonald

Ann Burton Kevin Gibbs Peter Binns – served as Trustee until 29.12.20 Rhianwen Gilson – served as Trustee until 31.5.21

1. The senior manager of the organisation to whom the day-to-day management of the charity is delegated is Tree Staunton (Director).

2. The independent examiner appointed for the current year is: Joshua Kingston BSc., ACA, Burton Sweet, The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol BS48 1UR.

3. The bankers for the organisation are: CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ.

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B C P C

INDEPENDENT EXAMINER’S REPORT

YEAR ENDED 31 AUGUST 2021

Independent examiner’s report to the trustees of B C P C (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.

.

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.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I 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:

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

2. the accounts do not accord with those records; or

3. 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

4. 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.

Joshua Kingston BSc., ACA Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: …………………………

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BCPC

STATEMENT OF FINANCIAL ACTIVITIES (Including income & expenditure account) YEAR ENDED 31 AUGUST 2021

Note Income from: Other trading activities 2 Charitable activities 3 Investment income Total income Expenditure on: Charitable activities 4 Total expenditure Transfers betweeen funds Net income/(expenditure) 6 Net movement in funds Total funds at the start of the year 14 Total funds at the end of the year 14	Unrestricted Funds £ 25,153 529,843 374	Restricted Funds £ - - -	Total Funds 2021 £ 25,153 529,843 374	Total Funds 2020 £ 35,192 533,627 1,345
	555,370	-	555,370	570,164
	524,241	-	524,241	477,575
	524,241	-	524,241	477,575
	840 31,969	(840) (840)	- 31,129	- 92,589
	31,969 630,146	(840) 7,409	31,129 637,555	92,589 544,966
	662,115	6,569	668,684	637,555

The charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

See note 9 for fund-accounting comparative figures.

The notes on pages 17 to 27 form part of these financial statements.

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BCPC

BALANCE SHEET

AS AT 31 AUGUST 2021

Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank Creditors : Amounts falling due within one year 12 Net current assets Creditors : Amounts falling after one year 13 Net assets Restricted funds 14 Unrestricted funds 14	2021 £ 871,900 228,620 585,008 813,628 (573,681) 239,947 (443,163) 668,684 6,569 662,115 668,684	2020 £ 888,974 227,958 515,845
		743,803 (531,598)
		212,205 (463,624)
		637,555
		7,409 630,146
		637,555

For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

• (i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476

• (ii) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

These financial statements were approved by the trustees on…....................... and are signed on their behalf by:

Frankie McGibney (Acting Chair)

Company No: 03768246

The notes on pages 17 to 27 form part of these financial statements.

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BCPC

CASHFLOW STATEMENT

AS AT 31 AUGUST 2021

Notes Operating activities Cash flows for operating activities Income from other trading activities A1 Cash flows from operating activities Income from charitable activities A2 Costs of charitable activities A3 Non-operational cashflows Investing activities Capital expenditure and financial investment Interest received Financing Mortgage repayment Net cash inflow/(outflow) for the year B	2021 £ 25,153 563,631 (498,404)	2020 £ 35,192 538,096 (465,902)
	90,380 (1,691) 374	107,386 (3,301) 1,345
	(1,317) (19,900)	(1,956) (18,598)
	69,163	86,832

The notes on pages 17 to 27 form part of these financial statements.

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BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

1 Accounting policies

• a) The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom Accounting Standards, the Companies Act 2006, the Charities Act 2011, FRS 102 and the Charities Statement of Recommended Practice (FRS 102).

The charity is a Public Benefit entity.

Along with other similar charities and organisations, the COVID-19 pandemic after the year end has brought many uncertainties to the global economy. The impact of this on the charity is highlighted in further detail within the Trustees' annual report. Notwithstanding these uncertainties, the Trustees have chosen to prepare the financial statements on a going concern basis given the free reserves held by the charity and the careful planning of the Trustees.

• b) Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. Grants receivable are only recognised when any conditions for receipt have been complied with.

• c) Expenditure is accounted for on an accruals basis and have been classified under headings that aggregate all costs related to the category. Expenditure includes attributable VAT which cannot be recovered.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. They are included within support costs.

• d) Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Equipment, fixtures and fittings - 25% p.a. straight line for electrical items & computer items, Buildings - 2% p.a. with none in the year of purchase. Basement tanking - 10% p.a.

Fixed assets under £1,000 are written off in the year of acquisition.

• e) Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.

• f) Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

• g) Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

17

BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

1 Accounting policies (continued)

• h) The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate using the effective interest method.

• i) Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.

• j) 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. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2 Other trading activities

Membership subscriptions Other income	Unrestricted £ 22,425 2,728	Restricted £ - -	Total Funds 2021 £ 22,425 2,728	Total Funds 2020 £ 20,905 14,287
	25,153	-	25,153	35,192

All other trading activities in 2020 were unrestricted.

3 Income from charitable activities

Course fees Event fees Contribution to MA registration fees Other fees	Unrestricted £ 475,432 - 26,500 27,911	Restricted £ - - - -	Total Funds 2021 £ 475,432 - 26,500 27,911	Total Funds 2020 £ 475,487 803 28,500 28,837
	529,843	-	529,843	533,627

All income from charitable activities in 2020 was unrestricted.

18

BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

4 Charitable activities

Staff costs Tutor salaries & extras Training manager salaries Office salaries Temporary staff wages NI Employer tax Employer pension Other staff costs Subscriptions, resources, audits & events Resources Subscriptions Audits Event costs Bad debts Bursaries Bursaries allocated Marketing Advertising & marketing Office related Office costs Premises & miscellaneous Premises costs Loan interest Bank charges Depreciation Collected fees forwarded Registrations paid to Middlesex Governance costs (note 5)	Unrestricted £ 161,306 80,464 85,225 12,445 18,204 14,113 15,637 4,901 3,619 - 500 - 3,970 1,452 15,694 40,397 13,007 167 18,765 29,244 5,131	Restricted £ - - - - - - - - - - - - - - - - - - - - -	Total Funds 2021 £ 161,306 80,464 85,225 12,445 18,204 14,113 15,637 4,901 3,619 - 500 - 3,970 1,452 15,694 40,397 13,007 167 18,765 29,244 5,131	Total Funds 2020 £ 154,670 62,507 79,073 10,065 15,096 11,817 19,044 3,650 3,146 - 10 3,125 - 1,408 13,930 32,139 15,546 137 19,889 28,392 3,931
	524,241	-	524,241	477,575

All expenditure on charitable activities in 2020 was unrestricted.

Staff costs Subscriptions, resources, audits & events Bursaries given Marketing Office related Premises & miscellaneous Collected fees forwarded Governance costs (note 5)	Direct Costs £ 287,696 9,020 3,970 - - - 29,244 -	Support Costs £ 99,698 - 1,452 15,694 72,336 - 5,131	Total Funds 2021 £ 387,394 9,020 3,970 1,452 15,694 72,336 29,244 5,131
	329,930	194,311	524,241

19

BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

4 Charitable activities (continued)

Previous year

Staff costs Subscriptions, resources, audits & events Marketing Office related Premises & miscellaneous Collected fees forwarded Governance costs (note 5) 5 Governance costs Independent Examiner's fees Committee expenses Legal and professional fees	Unrestricted £ 2,280 1,254 1,597	Direct Costs £ 255,250 9,931 - - - 28,392 -	Support Costs £ 97,022 - 1,408 13,930 67,711 - 3,931	Total Funds 2020 £ 352,272 9,931 1,408 13,930 67,711 28,392 3,931
		293,573	184,002	477,575
		Restricted £ - - -	Total Funds 2021 £ 2,280 1,254 1,597	Total Funds 2020 £ 2,220 1,698 13
	5,131	-	5,131	3,931

All governance costs in 2020 were unrestricted.

6 Net income for the year This is stated after charging:

Depreciation Independent Examiner's fees Trustees' expenses	2021 £ 18,765 2,280 83	2020 £ 19,889 2,220 87

During the year 1 trustee (2020: 3 trustees), received £83 (2020: £87) for travel expenses attending meetings.

20

BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

7 Staff costs and numbers

The aggregate staff costs were:

The aggregate staff costs were:
Tutors (incl. CPD & Workshops) Training manager salaries Office salaries Temporary staff (PCS) Social security costs Pension costs	2021 £ 161,306 80,464 85,225 12,445 18,204 14,113	2020 £ 154,670 62,507 79,073 10,065 15,096 11,817
	371,757	333,228

No employee received emoluments of more than £60,000 in the current or previous year.

The average weekly number of employees during the year, calculated on the basis of full time equivalents, was as follows:

follows:
Charitable activities Administration	2021 No. 5 3	2020 No. 5 3
	8	8

Senior management in aggregate received remuneration of £63,218 (2020: £56,700).

The average headcount of employees during the year was 24 (2020: 24).

8 Taxation

The charity is exempt from corporation tax on its charitable activities.

21

BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

9 Prior Year Comparative Figures for the Statement of Financial Activities

Unrestricted Funds £ Income from: Other trading activities 35,192 Investment income 533,627 Charitable activities 1,345 Total income 570,164 Expenditure on: Charitable activities 477,575 Total expenditure 477,575 Net movement in funds and transfers Net income/(expenditure) 92,589 Net movement in funds 92,589 Total funds at the start of the year 537,557 Total funds at the end of the year 630,146 10 Tangible fixed assets Land, freehold property & improvements £ Cost At 1 September 2020 955,594 Additions - At 31 August 2021 955,594 Depreciation At 1 September 2020 74,553 Charge for the year 15,708 At 31 August 2021 90,261 Net book value At 31 August 2021 865,333 At 31 August 2020 881,041	Unrestricted Funds £ 35,192 533,627 1,345	Restricted Funds £ - - -	Total Funds 2020 £ 35,192 533,627 1,345
	570,164	-	570,164
	477,575	-	477,575
	477,575	-	477,575
	92,589	-	92,589
	92,589 537,557	- 7,409	92,589 544,966
	630,146	7,409	637,555
		Equipment, fixtures & fittings £ 22,632 1,691	Total £ 978,226 1,691
	955,594	24,323	979,917
	74,553 15,708	14,699 3,057	89,252 18,765
	90,261	17,756	108,017
	865,333	6,567	871,900
	881,041	7,933	888,974

22

BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

11 Debtors Trade debtors Prepayments 12 Creditors: amounts falling due within one year Trade creditors PAYE and social security Deferred income Accruals Mortgage	2021 £ 219,059 9,561	2020 £ 223,313 4,645
	228,620	227,958
	2021 £ 11,098 4,200 532,855 4,095 21,433	2020 £ 4,545 5,556 498,405 2,220 20,872
	573,681	531,598

The deferred income of £532,855 (2020: £498,405) represents some of the following year's course fees having been invoiced in the current year.

The mortgage is secured by way of a charge over the freehold property.

13 Creditors: amounts falling after one year

Mortgage	2021 £ 443,163	2020 £ 463,624
	443,163	463,624

The mortgage is secured by way of a charge over the freehold property.

Amounts due beyond 5 years included within the above amount total figure £357,429 (2020: £380,136).

23

BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

14 Movement in funds

Restricted funds Low Cost Service BCPC Hardship fund Unrestricted funds Designated funds General funds Total funds Previous year: Restricted funds CoP SRG Unrestricted funds Designated funds General funds Total funds	1-Sep- 2020 £ 4,082 3,327	Income £ - -	Expenditure £ - -	Transfers £ (840) -	31-Aug-2021 £ 3,242 3,327
	7,409	-	-	(840)	6,569
	19,000 611,146	- 555,370	- (524,241)	11,000 (10,160)	30,000 632,115
	630,146	555,370	(524,241)	840	662,115
	637,555	555,370	(524,241)	-	668,684
	1-Sep- 2019 £ 4,082 3,327	Income £ - -	Expenditure £ - -	Transfers £ - -	31-Aug-2020 £ 4,082 3,327
	7,409	-	-	-	7,409
	19,000 518,557	- 570,164	- (477,575)	-	19,000 611,146
	537,557	570,164	(477,575)	-	630,146
	544,966	570,164	(477,575)	-	637,555

Low cost Service Fund (LCS) (change of name from Commumity of Practice (CoP Fund) - this was created via a donation from BCPCA upon the Association's dissolution. The fund was restricted for use to be spent on Community of Practice activities, released by the Trustees and Members, due to not being taken up over several years, to be used to support Low Cost Counselling.

BCPC Hardship Fund (BCPCH) (change of name from Student Representative Group (SRG) fund) - This was created via donation from BCPCA upon the Association's dissolution to be spent on Student Representative Group activities, and released by the trustees and Members,due to not being taken up over several years, as a Student Hardship Fund..

Designated funds -These funds have been designated for property maintenance and tanking.

General funds - these funds can be used in line with the charity's purposes at the discretion of the Trustees.

24

BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

15 Analysis of net assets between funds

Restricted funds CoP SRG Unrestricted funds Designated funds General funds Previous year: Restricted funds CoP SRG Unrestricted funds Designated funds General funds	Tangible Fixed assets £ - -	Net Current Assets £ 3,242 3,327	Long term Liabilities £ - -	Total £ 3,242 3,327
	- - 871,900	6,569 30,000 203,378	- - (443,163)	6,569 30,000 632,115
	871,900	239,947	(443,163)	668,684
	Tangible Fixed assets £ - -	Net Current Assets £ 4,082 3,327	Long term Liabilities £ - -	Total £ 4,082 3,327
	- - 888,974	7,409 19,000 185,796	- - (463,624)	7,409 19,000 611,146
	888,974	212,205	(463,624)	637,555

Free unrestricted reserves, after deduction of fixed assets and the mortgage are £224,811 (2020: £206,668). The liquid reserves held at the year are indicative of large capital outlays during the previous periods.

16 Company Limited by guarantee

The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each.

25

BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

Notes to the Statement of Cash Flows

A Reconciliation of net movement in funds to net cash inflow from operating activities

SOFA £ A1 Income from Other Trading Activities Membership subs & room rentals 25,153 A2 Income from Charitable Activities Fees 529,843 A3 Costs of Charitable Activities Charitable activities (524,241) Depreciation 18,765 Previous year SOFA £ A1 Income from Other Trading Activities Membership subs & room rentals 35,192 A2 Income from Charitable Activities Fees 533,627 A3 Costs of Charitable Activities Charitable activities (477,575) Depreciation 19,889	Debtors £ -	Creditors £ -	Cashflow £ 25,153
	-	-	25,153
	(662)	34,450	563,631
	(662)	34,450	563,631
	- -	7,072 -	(517,169) 18,765
	-	7,072	(498,404)
	Debtors £ -	Creditors £ -	Cashflow £ 35,192
	-	-	35,192
	22,726	(18,257)	538,096
	22,726	(18,257)	538,096
	- -	(8,216) -	(485,791) 19,889
	-	(8,216)	(465,902)

26

BCPC

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

Notes to the Statement of Cash Flows (continued)

B Analysis of changes in cash flow during the year

Analysis of changes in cash flow during the year
Cash at bank and in hand Cash at bank and in hand	2021 £ 585,008	2020 £ 515,845	Change £ 69,163
	2020 £ 515,845	2019 £ 429,013	Change £ 86,832

C Analysis of changes in net debt

Cash and cash equivalents Cash Borrowings Debt due within one year Debt due after one year Total	At 01-Sep-2020 £ 515,845	Cash flows £ -	Non cash flows £ -	At 31-Aug-2021 £ 515,845
	515,845 (20,872) (463,624)	- - -	- - -	515,845 (20,872) (463,624)
	(484,496)		-	(484,496)
	31,349	-	-	31,349

D Cashflow restrictions

Charity law prohibits the use of net cash inflows on any endowed or other restricted fund to offset net cash outflows on any fund outside its own objects, except on special authority. In practice, this restriction has not had any effect on cashflows for the year.

27