Trustees annual report and financial statements For the year ended 31 August 2024 Anna Freud building the mental wellbeing of the next generation Contents References and administrative details 4 A message from Professor Peter Fonagy OBE, retiring Chief Executive and The Hon Michael Samuel MBE. Chair of the Board of Trustees 5 A message from Professor Eamon Mccrory, Chief Executive 6 Objectives and activities 7 Our strategy and goals 7 Supporting our people 8 Strategic report 9 Achievements and performance 13 Sustainability 13 Streamlined Energy and Carbon Reporting 15 Financial review 20 Structure. governance and management 22 Plans for the future 25 Trustees and auditors 27 Independent auditor's report to the members of Anna Freud 31 Financial statements 36 Notes to the financial statements References and administrative details The Anna Freud Centre, operating as Anna Freud, is a registered charty, number 1077106, and a company limited by guarantee, company number 03819888. Board of Trustees Ms Catherine Bedford Ms Tori Cadogan Ms Antonia Cowdry Mr Andrew Evans Ms Anne-marie Huby Ms Pamela Hutchinson OBE Ms Namrato Kamdar Professor Linda Mayes MD Mr Peter Oppenheimer Mr Daniel Peltz OBE (Treasurer) Professor Stephen Pilling The Hon Michael Samuel MBE (Chair} Mr Dominic Shorthouse (Deputy Chair) (resigned 03.12.24) Dr Sarah Wood OBE (resigned 12.03.25) Auditors Haysmac LLP 10 Queen Street Place London. EC4R IAG Chief Executive Professor Eomon Mccrory lappointed 1.09.24) Chief Operating Officer Ros Bidmead Chief People Officer Marjorie James FCIPD Chief Financial Officer and Company Secretary Christine Kanu (left 12.12.24) Dovid Fowler (from 06.01.25) Applied Research and Evalu(rtion Director Professor Jessica Deighton Schools Director Joime Smith MBE Education and Training Co-Director and Clinical Co-Director Claire Evans {from 24.04.23) Medical Director Dr Dickon Bevington MA MBBS MRCPsych PGCert FRSA For key manogement remuneration, please see poge 45. Bankers Barclays Level 12. 1 Churchill Place London. E14 5HP Investment managers Cazenove Capital l London Woll Place London EC2Y SAU Registered address 4-8 Rodney Street London, Nl 9JH 020 7794 2313 www.annafreud.org Patron Her Royal Highness The Princess of Wales Key management personnel Chief Executive Professor Peter Fonagy OBE Fmedsci, FBA, FBPSA, PhD, DipPsy (retired 3 1.08.24) Welcome A message from Professor Peter Fonagy OBE, retiring Chief Executive and The Hon Michael Samuel MBE. Chair of the Board of Trustees The past financial year. ending 31 August 2024. has seen significont achievements for Anno Freud. We've now completed three of the five years of our strategy. and in that time we've taken huge steps towards closing the gap in mental health support for children. young people, and families. We've continued to expand our essential support through extensive work in schools and colleges, training professionals across the UK. and providing crucial family assistance vio local outhorities. A particular milestone wos the launch of our manifesto. 'Thinking differently.. which calls on the government to prioritise prevention and early intervention in mentol health care. With less thon a third of people seeking mentol heolth support in the UK octuolly receiving itl our mission remains critical. It is essential that we deeply understand the needs of young people by carefully listening to their experiences ond ensuring their voices shape our actions. Our commitment to being o diverse and collaborative organis(rtion that truly represents the communities we serve has been strengthened this year. through dedicated efforts in equity, diversity. inclusion. and participation. Alongside reflecting on these ochievements. l informed the Boord and Executive of my intention to retire as CEO at the er)d of the 2024-2025 academic year. My journey with Anna Freud has been an extraordinary privilege, enriched immeasurably by the talented and passionate colleagues who have worked tirelessly alongside me. l am profoundly groteful to each ond every person who hos contributed to making Anna Freud the brilliant ond compassionate child mental health chority it is today. I would also like to extend o personal thank you to the clinicians whose dedication provides vital support and hope to bobies. children. and young people every day- as they once provided essential help to me during my own adolescence. Equally. I wont to express my gratitude to the educators and researchers whose tireless commitment and innovation continue to odvance our understonding and improve our proctices. Additionolly. heartfelt thanks go to the professional support staff. whose contributions behind the scenes moke our mission achievable and our impact sustainable. Finolly. we ore delighted to announce Professor Eamon Accrory os our CEO beginning I September 2024. Eamon has been part of the Anna Freud family for 18 years. dedicoting his research ot UCL to advoncing our understanding of complex trauma. His expertise. commitment. and passion promise exciting new era for our charity. A message from our new Chief Executive. Professor Eamon Mccrory In these chollenging times. our mission is more important than ever. y vision for Anna Freud is rooted in two core principles: innovotion ond collaboration. These volues have been central to our organisation since its inception. ond I believe they are two sides of the same coin. We must continue to strive to develop fresh ideas - and we must improve access to this new knowledge by sharing the latest scientific and clinical insights. I believe that we can hove a transformotive societal impact if we work collaboratively. We con radically improve current models of prevention and intervention for the mony thousonds of young people who need help ond support. I feel incredibly privileged to lead such an extraordinary orgonisotion ond I'm truly excited about what we can achieve. We would like to thank oll Anno Freud colleagues. os well as the young people, porents, carers and supporters who enable us to complete our essential work towards building the mental wellbeing of the next generation. Objectives and activities Anna Freud is a mental health charity and we've been supporting children and young people for over 70 years. We listen to and learn from their diverse voices, and integrate this with learnings from our science and practice to develop and deliver mental health care. This holistic approach has world-changing potential - our training, schools support. networks, partnerships and resources equip those who impact children and young people's lives with the knowledge and skills to support their mental health. Our vision We want to see a world where all children and young people can reach their full potential; a world where the right support is available at the right time. Our mission O We wont to close the gap in mental health and wellbeing by advancing. translating and sharing the best proctice with those who impact the lives of children. young people and families. Our values underpin all of our work. See our organisational Our strategy and goals Our 2022-2026 Closing the Gap strategy outlines how we will close the gaps in mental health support so all children and young people can reach their potential. We want to close gaps in science. implementation and knowledge to empower parents, carers and professionals to support children and young people. Closing gaps in science: we can only support mental ill health if we understand its couses. We will conduct cutting-edge research and listen to lived experience and widen participation to develop new and better solutions. Closing gaps in implementation: we will design and test new approaches to improve available support. Closing gaps in knowledge: we will share knowledge of what works ond best practice. providing training to empower professionals with the skills and understanding to support children and young people. Supporting our people We believe our people are our greatest osset ond that they work best when they're supported. We support our colleagues through: Wellbeing support: all staff have access to a third-party employee assistance programme. con dedicate one Wednesday afternoon a month to a wellbeing activity and finish at 3pm every Friday. Flexible working: we support hybrid working and offer fully remote work during the summer. to support those with caring responsibilities. Inclusion: we've launched on EDI Acceleration Group to monitor our progress in implementing our EDI strategy. People and culture: we developed a new people and culture strategy for 2023-2026, reviewing ways of working and setting out how we can develop to achieve our ambitions. Employee voice: we introduced an employee voice forum in autumn 2023 for colleagues to share their thoughts on decision-moking across our organisation. Strategic Report prrp Achievements and performance Thinking differently: our manifesto Clinical support for schools and colleges Closing gaps in science, Closing gaps in implementation implementation and knowledge and knowledge Requests for mental health services have Schools and colleges are well-placed to more than doubled since 2018. yet only influence children and young people's 32% more patients are being seen today mental health and wellbeing. Our compared to March 202 1.2 To close this Schools and Colleges Early Support gap. we ore urging policymakers. politi- Service provides clinical mental health cal parties and funders to think different- support for students aged 11-25. The ly in our first ever manifesto. service was developed in response to Launched in spring 2024. our manifesto the rise in mentol ill health caused by brings young voices and scientific the COVID-19 pandemic and has so far insight together with our 70+ years of reoched 177 schools and colleges. experience to call for change. Thinking Through the service. schools and differently calls for a shift in the dialogue colleges can refer students for one-to- around mental health towards early one sessions with clinical practitioners, intervention and prevention. It is founded as well as access consultations and on the belief that strong mental health webinars for staff. parents and carers. should be a foundation. not a fix. The service aims to build networks of support around young people by providing the adults around them with the skills and knowledge to support their wellbeing. This summer, we have received a £1 million donation from the Julia Rausing Trust that will enable us to continue subsidising the Ser￿lce. This means we can reach more schools and colleges and support more young people. Thinking differently details a five-point plan, informed by the lived experience of our Young Champions and driven by science: give young people a meaningful say in an expanded approach to prevention focus on communities odopt a whole-school approach to mental health and wellbeing widen our collective understanding of childhood trauma leverage the power of science ond dato. We believe that these five asks could transform the mental wellbeing of a generotion. AA National Autism Trainer Programme Closing gaps in knowledge The Notional Autism Trainer Progromme INATP) is o partnership with AT-Autism, commissioned by NHS England to improve autistic people's experience of care in mental health services. UKTrauma Council Closing gaps in science and knowledge One in three children and young people are exposed to a potentially traumatic event before they are 183 increasing the risk of mental health problems later in life. The UK Trauma Council (UKTC) is an Anna Freud project that It is co-designed. co-produced and aims to reduce the negative impacts of co-delivered with autistic people, ond childhood traumo through knowledge promotes an experience-sensitive. dissemination and education. It is the trouma-informed approach. It aims to first UK-wide group in its fi'eld to bring develop the knowledge and skills of NHS together practice. policy ond lived staff to understand and advocate for experience. autistic patients. improving the quality and efficacy of their core. Over the last year, the urrc has: The programme follows o troin-the- trainer model, meaning that those who undertoke the training deliver the training back to their own workplace. olongside an expert with lived experience of outism - an Expert by Experience (EbE). This model vastly increases the programme's influence: for every delegate we train. a whole group of their colleogues also receive the programme's leaming. We're on torget to deliver NATP training to o total of 4.860 trainers. Since the beginning of the programme. we have delivered training to 3.666 delegates - with 3.266 of those being trained over the lost year. trained over 3.500 professionals on topics such a traumatic bereavement, PTSD, and trauma from war and conflict had 61,000 resources downloaded launched two animated short films created in collaboration with children ond young people including for those impocted by war. migration and conflict had over 150.000 website visitors surpassed 3.3 million views on YouTube. -NATP training has acted as a catalyst for a culture shift within the service- including within senior leadership [...] the resounding feedback from staff was that it was the EbE's input that made the training so successful." Kate Walder, Keyworker Service Lead. and Michael Jarvis. Practice Development Lead. HCRC Care Group 10 Changing ourselves We need to adapt to meet the needs of children and young people. In line with our strategic goals, we have taken several steps towards transforming our organisation over the last year. EDI Participation At the halfwoy point of our 2022-2026 EDI strategy, we hove made significant progress towards our four objectives. Objective one: representation We have been improving our diversity monitoring processes across all our operations by investing in better systems (salesforce) and ensuring more consistency in our questions to help us identify where we most need to focus our efforts. Article 12 of the UN Convention on the Rights of the Child states every child and young person has the right to express their views. feelings and wishes on matters affecting them, and to have those views considered and taken seriously., We are doing this by collaborating with the young people and families who have lived experience of mental ill health or accessing mental health services. We launched our first participation strategy in spring 2024 to provide a roadmap for embedding participation in everything we do. The strategy details our practice model. the Lundy Model of Participation. Under this model, children and young people should be given space to be heord. power to use their voice. an audience to listen to them. and influence over decision moking. Objective two: inclusion and belonging We have continued our support for diversity networks. which create community. provide safe spaces. and deliver awareness events for all colleagues. Objective three: continuous learning We've implemented Tnandatory EDI training for oll colleagues. This improves aworeness of the principles of EDI and encourages openness to different perspectives and experiences. Download our full artici crtion strote In 2023. we provided 90 opportunities for young people, parents and carers to inf luence strategy, research and delivery. We will continue our participation journey and further develop opportunities for young people and their families to influence our work. Objertive four community wellbeing We have adopted a restorative practice approach, which centres on conflict resolution, accountability and resilience. to ensure all colleagues are safe to learn and ask questions. There is still work to be done, but the steps we have taken have laid foundations for even more progress. Our autumn 2024 EDI progress report will set torgets for the final two years of the strategy. 11 Brand, marketing and communications This year we have: developed our Brand, Morketing and External Affairs Team provided brand. morketing and communications expertise to support delivery of strategic. controctual and income-generating activities used internal communications to foster community and belonging. supporting our EDI ambitions. Looking after our people This year we have: developed a new people strategy created an orgonisotional development function to build culture and drive forward employee wellbeing initiatives increosed copacity of our People ond Culture Team to enhance support for managers and colleagues. Digital transfomiation This year we have: launched a new website with the tools to power a multi-medio rich platform of knowledge and experience exchange increosed the accessibility and efficacy of our digital processes used technology to provide insights that will promote more meaningful relationships with those we serve. 12 Sustainability Streamlined Energy and Carbon Reporting Consumption (kwh) and greenhouse gas emission (tC02e) total This report summorises our energy usage. emissions, efficiency actions ond performance under the Streamlined Energy and Carbon Reporting regulations. These regulations require us to report our greenhouse gas emissions from scope one and two, (electricity, gas and tronsport) every year. Our report has been prepared in line with the March 2019 Department for Business, Energy and Industrial Strategy IBEIS) guidelines. We have included measured emissions from activities that we have financial control over as required under The Companies (Directors. Report) ond Limited Liability Partnerships {Energy and Carbon Report) Regulations 2018. unless otherwise stated in the exclusions statement. This is our third yeor of reporting on the consumption and associated emissions for our operations. Scope one consumption and emissions relote to direct greenhouse gas emissions that occur from sources we control or own {e.g., fuel combustion in boilers, furnaces. vehicles). Scope two consumption ond emissions relate to indirect greenhouse gas emissions ossociated with the purchase of electricity, steam, heat ond cooling (gas and electricity use in buildings). Scope three consumption and emissions relote to emissions resulting from sources not within scope one and two. including business travel (vehicle. air and rail). disposal and treatment of waste generated in operations. 13 Totals Total consumption (kwh) figures for our reportable energy supplies: Utility and scope 2024 consumptim (kwh) 2023 cmmption (kwhl Gaseous and other fuels (Scope one) 374.066 450,535 Grid-supplied electricity (Scope two) 209.221 173,974 Tronsportotion (Scope three) 43.099 39,530 Total emission {tC02e) figures for reportable energy supplies (conversion factors used in these calculations ore detailed in the oppendix): Utilty and scope 2024 consumption (tC02e} 2023 consumption (tC02e) Gaseous and other fuels (Scope one) 68.51 82.52 Grid-supplied electricity (Scope two) 44.42 36.94 Tronsportatior) (Scope three) 1.20 i.io tol 114.14 120.5 An intensity metric of tC02e per FfE hos been applied for our annual total emissions. The methodology of the intensity metric calculations is detailed in the appendix. and the result of this analysis is: Intensty metric 2024 intensty metric 2023 intensity metric tCo2el￿E 0.36 0.42 Energy efficiency improvements We implemented a carbon reduction plan in 2022. A key aspect is ongoing monitoring and driving energy efficiencies where it is cost effective. proportionate and practical to do so. Measures taken in 2024 Following completion of the London Mayor's Business Climate Challenge (BCC). we've continued using the loGen platform to actively monitor our utilities usage and emissions data. We remain an active member of the Islington Sustainability Network. Appendix Scope one. two and three consumption and C02e emissions data has been calculated in line with the BEIS reporting guidance. Emissions Factor Database 202 1 has been used, utilising the kwh gross calorific value (CV) and KGC02e emissions factors relevant for the reporting period 01 September 2023 to 3 1 August 2024. Intensity metrics have been calculated using total tC02e figures and the selected performance indicator for the relevant reporting period: full time equivalents {￿E} 314 (2023: 288). 14 Financial review Financial Position of the Charity Clinical and preventative services £1.8m {2023= £1.4m) The financial stotements for the yeor to Education and training 31 August 2024 are shown on page 30 £11.4rn (2023: £73m) onwords. Research The result for the year to 31 August 2024 £3.3m12023 £3.5m) is a surplus of £1.2m (2023: deficit of (£l.Im). The surplus of £1.2m is driven Conference and study events both through continued demand for £5.8rn (2023: £6.2m) our training activities and our work in schools to improve child mental health outcomes. The principal driver for growth in our training was the delivery of the National Autism Trainer Programme (NATP), a highly successful train-the- troiner model. Schools £2.6m12023: £L6ml Fundraising Our fundraising strategy remains focused on five core income streams: individual giving. corporate partnerships. trusts and foundations. statutory grants and community giving. This is to provide financial stobility but to also ensure a diverse portfolio of income. without overreliance on one income stream. The surplus for the year will support continued investment in our Closing the Gap strategy (2022-2026). The outlook for income and mojor training progrommes is less certain than in previous years. The landscape for government f unding is uncertain and we are seeing delays in the commissioning of new services. This year we achieved £3.6m of voluntary income thanks to our valued supporters. Despite the challenging fundraising environment, we are delighted to have received significant support for our flagship Schools and Colleges Early Support Service and UK Trauma Council projects. We also set up our new Anna Freud Pioneers initiative (formerly Giving Circle), attracting support from dedicated philanthropists who share our desire to build o mentally healthy society. We are excited to be running our first event towards the end of the calendor year to officially lounch the giving group and share more about this impactful initiative. Thank you to our growing community of Pioneers who provide us with core funding. Your support is vital to our work and gives us space for innovation. enabling us to remain agile as an organisation. The delivery of our Closing the Gop strotegy will allow us to undertoke more tailored training and support through the use of research and practice combined with technology. This will be essential to support our delivery through a more economicolly challenging environment. We will review our underlying cost base through 2025 to drive efficiency and reduce our cost base to respond to the challenges. Income Our income for the year was £29.3m 12023: £24.7m) representing an increase of 19%. predominantly in fee and commissioned income generated from charitable activities. 15 Expenditure fund ongoing work in the event of Our expenditure for the year to 31 any significant disruption or economic downturn. Reserves also provide working August 2024 was £28.Im12023: £25.7m) of which charitable expenditure capital ensuring that during the year we can meet upfront expenditure prior to was £27.5m (2023: £25.Im). an overall increase of 9.6% reflecting additional income being received. resources to support the delivery of NATP Increasing uncertainty over govemment and continued investment in our Closing funding to in particular schools ond the Gap strategy (2022-2026). the NHS means that there will likely be increased volatility in our income in future years. To respond to this we will be delivering plans that drive efficiency and our cost base lower ond build our reserves. This will provide the assurance that we can maintain our essential services. The Trustees have reviewed the free reserves and consider the level held to be reasonable. Clinical & Prevent(rtive services £4.Im (2023: £4.Om) Education & Training £8.6m (2023: £7.Im) Research £1.6m (2023 £2.4m) Investment performance Schools £6.Im (2023: £5.Im) Our investment strategy is reviewed by the Board on on annual basis, with interim reviews of performance at Finance Committee meetings. The investment mandote fully considers environmental. social and governance matters. There is no direct investment in tobacco and we actively avoid investments in companies with significant exposure to alcohol. armaments. pornography. gombling and predotory lending. Total funds held at 31 August 2024 were The overoll objective is for investment £34.Om (2023: £32.6m) of which £26.3m funds to achieve income and capital were primarily designated for the Fixed growth over ond above inflation in the Asset Fund (2023: £27.6m) and £6.7m medium to long term. 12023: £4.4m) were free and unrestricted. As of 31 August 2024, the funds under The increase in free reserves to £6.7m investment were £2.9m12023: £2.5m). is primarily driven by the operating Income derived from investments to surplus for the year of £1.3m (2023: 31 August 2024 was £149.212 (2023: deficit of (£1. Im)). The increase in free £71,805). reserrfes to £6.7m represents 2.9 months of operating expenditure and is £0.3m The investment portfolio grew by 16% in the year to 31 August 2024 (2023: below our policy of holding o minimum of 0%) reflecting a return to more positive three months operating expenditure. investment markets with the decline in Anna Freud holds finonciol reserves the rate of inflotion. to ensure that we con continue to User Participation & Dissemination £1.3m (2023: £1.Om) Research & Policy Development £5.7m (2023: £5.2m) Reserves 16 Going concern The Board of Trustees having reviewed the financial position and financial forecasts hove concluded that there are sufficient resources to continue in operational existence for the foreseeable future, being a period of a least 12 months from the date of approvol of the financial statements. Trustees are satisfied that Anno Freud continues to have a robust risk management framework including a strong system of financial controls which is sufficient and appropriate for effective management of all known strategic. operational and financial risks. The Board therefore continues to support the going concem basis of accounting in preparing the annual accounts. Principal risks and uncertainties Approach to risk management The Board of Trustees is responsible for ensuring a robust risk manogement framework is in place for identifying, mitigating and managing risks across all of Anna Freud's activities. The Board is supported by its sub-committees in reviewing and monitoring risks ensuring that the risk management framework is adequate and effective. The Board's sub-committees provide critical oversight to the Executive ensuring that the risk management approach is embedded across the organisation. integrated into our annual business planning and reporting cycle and spans all our activities. 17 Summary of potential risks the Board has identified Strategic We are in the fourth year of our Closing the Gap strategy with ongoing investment required to deliver critical new elements and ensuring that we maximise the return and impact from systems that are in use. We have implemented a comprehensive programme management framework to ensure that we hove right people resource to mointoin oversight on key deliverables and milestones. Operational delivery The grovrth in breadth and scale of Anna Freud's activities presents a challenge in maintaining oversight and governance. We manage this through a combination of oversight from our Board sub-committees. a robust planning and performance review process. business continuity plans. risk assessments and evaluation of scenario plons. This delivers a framework to ensure that we can respond quickly to unforeseen or adverse events. Economic environment The economic outlook for Anno Freud is the most challenging this decade. Uncertainty on future government funding is causing the NHS and schools across the country to review both the timing and scale of their tender for services. The charity sector in general is always challenged by insufficient funding and increasing demand for services. However, after review the Executive and Trustees feel that the outlook for income is likely to be adverse in the coming yeors. Consequently we will use our plonning process in 2025 to deliver a multi-year plan that incorporates efficiency measures. a programme to ensure that we maximise all benefits from our Closing the Gap strategy and income maximisation and diversification. The plans will be prepared by the Executive and be overseen by the Finance Committee. Regular updates will be provided to the main Board through the Finance Committee. Cyber security threats The threat of cyber security attocks continues to increase in both volume ond sophistication. The charity sector and hospitals have all seen increased levels of threat. Anno Freud has seen an increased level of attack and continues to invest in training for our staff that includes data security training for all new employees and volunteers with annual refresher training for all staff and volunteers. We continue to ensure that our IT infrastructure is updated and we undertake regular security testing to ensure that our IT infrastructure and dota remain secure. 18 Structure, governance and management The Anna Freud Centre operating as Anna Freud is a reglstered charity (number 10771061. It is set up under its Memorandum and Articles of Association as a company limited by guarantee (number 03819888). The Board of Trustees comprises the charity's Trustees who are the legal directors of the company. New Trustees are selected through open recruitment, during which we aim to ensure representation and fill skills gaps within the Board. The Board of Trustees approves the salary for the Chief Executive Officer and our pay structure. Our pay framework is based upon defined grades. Jobs are evaluated before being placed in a grode and are somple tested against pay rates in the sector. The Board of Trustees sets and reviews strategy. and monitors operational matters supported by sub-committees reporting to the Board. Our Trustees have complied with the duty in section 17 of the Charities Act 2011. to have due regard to the Charity Commission's general guidance on public benefit. 20 Equity, Diversity and Inclusion (EDI) Sub-committee Finance. Audit and Risk Sub-committee The committee reviews the onnual accounts, internal or external audits. investment and reserves policies. Its membership includes the chair and the treasurer. Matters not reserved for decision by the Board of Trustees are delegated to members of the Executive team. including the Chief Executive. Chief Operoting Officer, Chief People Officer and Chief Finonciol Officer. The committee monitors and provides guidonce on the EDI agenda and the implementation of the EDI strategy. It also monitors the progress of the EDI plan. determines priorities. and provides robust scrutiny and challenge on EDI issues in our orgonisation. The People and Culture Sub-committee Quality Sub-committee The committee oversees pay and reward, performance and continuous professional development. It regularly reviews staff turnover. satisfaction. disciplinaries and grievances to make recommendations for how we con improve. It also reports on our gender pay gap and works with the EDI Sub-committee to increase diversity. inclusion and equitable opportunities for staff. The committee oversees the practice interventions delivered by Anna Freud directly to children, young people and families. through direct delivery projects (online and face-to-face). research projects, commissioned contracts for services or training activities for those who support the mental health and wellbeing of children. young people and families. It assures the Board thot our practice services comply with professional and regulatory standards. The Development Sub-committee The Nominations ond Succession Planning Sub-committee The committee supports our voluntary income streams, particulorly from philonthropists. major donors and corporates. It identifies and engages prospective donors and supports engagement activities. The committee is responsible for the trustee appointment process, reviews the structure and composition of the Board {including the skills, knowledge and experience) and makes recommendations for change. It ensures succession planning for key roles. that leadership needs are met. and the organisation is able to achieve its aims. Digital and Technology Sub-committee The committee helps the Board and Executive teom harness technology to grow our impact and better senie children. young people and families. It shares insights. ideas and challenges, ond ensures we have mechanisms in place to manage digital and technological risks. Plans for the future Next year: 2024-2025 Education for Wellbeing We will continue to work towards our We began a trial of the Department mission of closing the gaps in mental for Education-funded Education health support for all children and young for Wellbeing programme in 2017. people. This includes our commitment to The programme evaluates multiple embedding equity. diversity and inclusion pioneering ways of supporting students. across our organisotion. We will increase mental health to discover which the scope of our impact, working to universal school-based wellbeing influence by sharing best practice interventions work for whom and under using outcomes from our Education for what circumstances. Wellbeing programme, and developing our digitised leaming offer to increase our our reach and capacity to teach. Education for Wellbeing is England's largest research trial of school-based mental health interventions and is evaluated by our Evidence Based Practice Unit (EBPU}. We will continue our research and evaluation on this Our Closing the Gap strategy ends in project until the end of 2024. when the trial ends. The EBPU will share their 2026. As we move into 2025. we will review our progress and publish a findings in the first quarter of 2025. revised strategy from 2026. The process Our digitised learning offer will be collaborative with our Boord and colleagues and will be informed by lived We will develop our learning offer over experience. in line with our participation the next year. We're aiming to shift our strategy. investment towards e-learning, self- directed learning and short courses, enabling us to package learning offers together and create new opportunities for connection and peer learning. One way that we impact the lives of children and young people is by supporting the adults who support them. such as school staff and clinicians. Developing new delivery methods and increasing accessibility will ollow us to train more professionals without reducing the quality of their learning, therefore improving the lives of the children and young people they support. Renewing our strategy from 2026 National Centre for Family Hubs We lounched the Department for Educotion-funded Notional Centre for Family Hubs (NCFH) in spring 202 1. in collaboration with the Early Intervention Foundation. The NCFH supports family hubs by shoring best practice with hub providers across England. The Centre is informed by lived experience and offers support through tools. resources and troining. The NCFH has been commissioned until March 2025- until then, we will continue to disseminate evidence-based knowledge of best practice for family hubs to support families across the country. 22 UK Trauma Council The UK Trauma Council IUKTC} will continue its work supporting children and young people who have experienced trauma. In spring 2024 the UKTC announced a collaboration with Refuge, the UK'S largest specialist domestic abuse organisation. Between 2024-2027. the UKTC and Refuge will colloborate to develop. pilot and roll out an intervention aiming to oddress the impact of domestic abuse on children and young people- os well as supporting their parent or carer. to improve booking processes and monagement of our growing training and events offering rebuilt and relaunched Pod. our patient outcomes monitoring tool developed digital capability for our Schools and Colleges Eorly Support Service. including a bespoke solution for referrals. triage. scheduling clinical sessions, measuring outcomes, and access to resources for students, staff, parents and carers. Our digital transformation is ongoing. and we will continue to develop the systems we need to enhance and grow our work. Equity, diversity and inclusion (EDI) At the halfway point for our current EDI strategy. our commitment to building a more diverse workforce is ongoing. To monitor our progress and conceive our next steps. we are developing an EDI progress report for autumn 2024. Our dato collection for the report identified several underrepresented groups, which enobles us to develop positive action initiatives to address underrepresentation. The report will set measurable targets to ensure we We will continue to update our Mentally remain occountoble for addressing Healthy Schools resource hub and underrepresentation ocross our targeted support toolkit. We will organisation. Being a more diverse continue to use Schools in Mind, our organisation means better representing network for education professionals, to the communities we seek to sep4e. which share best practice and evidence-based better places us to understand ond meet expertise on wellbeing in education. their needs. We will also continue to support communities in Brent, Harrow and Ealing with our child ond family mental health teams, providing intervention for children and young people with moderate mental health needs. Our Ealing team has reduced waiting times in the borough from multiple years to less than six months, and over the last year, the three teoms reached over 1,200 young people. Support for schools and communities We will continue to support children and young people in schools and colleges. Our clinical support service {SCESS) is recruiting schools for the 2024-2025 ocademic yeor, and for the first time will be operating as a paid subsidised service. Digital strategy and development We are implementing o digital transformation to ensure our technology and systems support the work that we do. So far. we have: implemented a new customer relationship management system 23 Grosvenor Hart Homes London Mayor's Office for Policing and Crime partnership The Hart Homes programme. launched in September 2023, oims to improve outcomes for children and young people by providin9 families with secure homes We ore partnering with the Mayor's and access to support. The initiative Office for Policing and Crime to reduce began in Chester ond is aiming to scale youth violence and criminal exploitation the project across the North West and in in London. We are working with an London over the next three years. Anna alliance of organisations to implement a Freud is a mental health partner for the common language and way of working service - this includes signposting to to moke space for difficult conversations. external support as well as on internal To do this. we are: offer that supports tenants to manage their needs. Our offer includes: embedding the language of restorative practice delivering dynomic EDI training and support delivering adaptive mentalization- based integrative treatment (AMBITI training. The AMBIT approach focuses on creating systems of help around young people to ensure they receive joined-up support - and that teams ore supported and equipped to deliver it. staff consultation supervision of Chester's mental heolth nurse ossessment. treatment ond quality ossurance of mental health partners training evaluation with Pod. our outcomes dota collection tool. 24 Trustees and auditors Fundraising code of practice In preparing these financiol statements, the Trustees are required to: We volue our supporters and donors and put them at the centre of all our fundraising activity. We are registered with the Fundraising Regulator self-regulatory scheme and as members, we follow the Institute of Fundraising's Codes of Fundraising Practice and comply with their key principles. Fundraising activities ore not outsourced to professional fundraisers or commercial participants. We are not aware of any occasion during 2023- 2024 when we have been in breach of the Fundraising Code of Practice. select suitable accounting policies and then apply them consistently observe the methods and principles in the Charities Statement of Recommended Practice (SORP make judgements and estimates that are reasonable and prudent state whether opplicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. Trustees, responsibilities The Trustees (who ore also directors of The Anna Freud Centre for the purposes of company law) are responsible for preparing the Trustees. annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Board of Trustees to prepare financial statements for each financial year which give a true ond fair view of the stote of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. Trustees are responsible for keeping proper occounting records that disclose with reasonable accuracy ot any time the financial position of the charitable company 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 choritable company and hence for taking reasonable steps for the prevention and detection of froud and other irregularities. In so far as we are aware: There is no relevant audit information of which the charitoble company's auditor is unaware. The Trustees hove token all steps that they should hove taken to make themselves aware of any relevant audit information and to establish that the auditor is oware of that information. 25 Section172 Companies Act 2006 The Trustees acting in accordance with Section 172 of the Companies Act 2006 consider that they have complied with their duties with regards to promoting the Charity s success in achieving its charitoble purpose to advocate and advance for public benefit of the awareness. prevention. relief and education of mental illness andlor disorder. Trustees have overall oversight on the implementation of the strategic priorities from our Closing the Gap strategy and during the year provided rigorous challenge through Board and sub-committee meetings. Long term consequences of decisions Fundraising The breadth and scope of fundraising The impact of decisions taken at Anna activities remained fully compliant Freud are considered over the medium throughout the year with relevant and long term. Strategic goals are fundraising regulations and emerging outlined on page I l and we share more best practice. about our plans for the future on page 22. Impact in the community Interest of employees and environment During the year, we developed and Anna Freud is committed to ensuring that implemented our people strategy we carefully consider to the f ullest extent including the establishment of our possible the impact of our activities on employee voice forum. Further the different communities that we serve. information on how we support our Further information on our sustainability people can be found on page 7 of ond environmentol impact can be found this report. on pages 13 and 14. Business relationships with Acting fairly between members suppliers, customers ond others; Fostering a truly inclusive culture is and reputation for high standards central to our or9anisotional values and of business conduct underpins the close working relationship between Trustees and the Senior Anno Freud is fully committed to ensuring Leadership Team. that oll our interactions with stakeholder groups ore undertaken in a professionol. ethical. fair and constructive manner. Auditors The auditors. Haysmoc LLP, will be proposed for reappointment in occordonce with Section 485 of the Companies Act 2006. The Trustees, report, incorporating the Strategic Report. was approved by the Trustees on 29 May 2025 and signed on their behalf by: The Hon Michoel Samuel MBE Chair of the Board of Trustees, 26 Independent auditor's report to the members of The Anna Freud Centre state fort which com Financial thes to the financial statements. including a summary of significant accounting policies. ial re bee their preparation is applicable law an United Kingdom Accounting Stondard including Fin onci able in th Ireland (United Accepted Accou l August 20 Statement of the Bal esh Audi law. Our r ndards (ISAS ( nsibilities under those described in the udit of the financial statements section of our report. We are independent of the n accor ce with the ethical tsth rere to our audit of the fi cial statements in the UK. including FRC'S Ethical Standard. other ethical nce with these eve that th dit ained sufficient asis for orting nd Rep dom General g Practice). ncial ents evid and ave teto give th on iting In Gene Pract perfor ate 20 oubt tyto peri hen orise ies and the stees with rnor fthi o going co ant sectio 27 Other information the strategic report and the directors. report included with the Trustees, onnuol report have been prepared in accordance with applicable legal requirements. The Trustees are responsible for the other information. The other information comprises the information included in the Trustees. annuol report and the Welcome from the Chair and Chief Executive. Our Matters on which we are opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly exception stated in our report. we do not express any form of assurance conclusion In the light of the knowledge ond thereon. understanding of the charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the Trustees, annual report (which incorporates the strategic report and the directors. report). We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion: adequate accountin9 records have not been kept by the charitable compony; or the choritable company financial statements are not in ogreement with the accounting records and returns; or certain disclosures of Trustees, remuneration specified by law are not made: or we have not received oll the information and explanations we require for our audit. required to report by In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appeors to be moterially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the finonciol statements or a material misstatement of the other information. If, based on the work we hove performed. we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit: Responsibilities of Trustees for the financial statements the information given in the Trustees, onnual report Iwhich includes the strategic report and the directors. report prepared for the purposes of company law) for the financial year for which the financial statements ore prepared is consistent with the financial statements; and As explained more fully in the Trustees, responsibilities statement set out on page 20. the Trustees (who ore olso the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial stotements and for being satisfied that they give a true and fair 28 view, and for such internal control as the Trustees detemine is necessary to enable the preparation of financial statements that are free from moterial misstatement, whether due to fraud or error. Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to regulatory requirements of the Charity Commission. Care Quality Commission (CQC), for GDPR and safeguarding regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We olso considered those lows and regulations tht hove a direct impact on the preparation of the financial statements such as the Companies Act 2006, FRSIO2, the Charities Act 2011. the Charities Statement of Recommended Practice (SORP). payroll tox ond sales tax. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to revenue ond management bias in accounting estimates. Audit procedures performed by the engagement team included: inspecting correspondence with regulators and tax authorities discussions with management including consideration of known or suspected instances of non- compliance with lows and regulotion and fraud evaluating management's controls designed to prevent and detect irregularities identifying and testing journals. including journal entries posted with unusual account combinations, postings by unusual users or with unusual descriptions challenging assumptions ond judgements made by management in their critical accounting estimates. In preparing the financial statements. the Trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of occounting unless the Trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as o whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable ossurance is a high level of assurance, but is not o guorantee that on audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements con arise from fraud or error and ore considered material if, individuolly or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregulorities, including froud, are instonces of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The extend to which our procedures are capoble of detecting irregularities, including fraud is detailed below. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instances of non-compliance. The risk is olso greater regarding irregularities occurring due to fraud rather than error, as froud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Finonciol Reporting Council's website at: Qudito￿. This description forms part of our auditor's report. Use of our report This report is mode solely to the charitable company's members. as o body. in accordance with Chapter 3 of Part 16 of the Componies Act 2006. Our audit work has been undertoken so that we might state to the choritable company s members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to onyone other than the charitable company ond the choritoble company's members as a body, for our audit work, for this report, or for the opinions we have formed. Kathryn Burton (Senior Statutory Auditor) For and on behalf of Haysmac LLP. Statutory Auditor Date: 30 May 2025 10 Queen Street Place London EC4R IAG 30 Financial Statements 31 Statement of financial activities, incorporating an income and expenditure account Year ended 31 August 2024 The Anna Freud Centre Charity number 1077106. company number 03819888. Notes Unrestricted Restricted Total funds Total funds funds 2024 funds 2024 2024 2023 Grants. doncrtions ond legacies 629.618 2.941.664 3.571.282 3.801.108 Investments 149,212 149,212 71,805 Chaiitable activitses: Clinicol ond preventative services Education ond troining Research 1.801.083 1.801.083 1,421,483 11.412.141 11.412.141 7,363.822 1.974.657 1.331.930 3.306.587 3.512.329 Conference and study events 5.819.011 49.731 742 6.267,884 Schools 2.565.289 2.565.289 1,634,472 23.572.181 1.381,661 24.953.842 20,199,990 Other 559.389 559.389 597,394 IOA 29233.ns 24670.29 Expenditure on Raising funds Fundraising ond publicty Investment and management fee5 538.365 538,365 579.746 19.682 Legol fees 47,662 558.047 558.047 627,408 Expenditure on Charitable activities Clinical and Preventotive services 3.637.579 487,530 109 4.073,100 Applied Research 1.328,836 326,385 221 2.457,173 Educotion ond Training Research and Policy Development 8.503.977 93,428 97.405 7.139,336 4.052.286 1.631.427 5.683.713 5.284,142 32 fwmls 2024 fvnds 2024 2024 20 Schools 4.875,625 1.193.239 6.068.864 5.114.017 User Participation, Librory and Dissemination 1.328.421 1.328.421 1.041.593 23.726.724 3.732.009 27,458.732 25,109,361 4 24284771 1731009 28.016.780 2&73&7 Net incomel(expenditure) before investment gains 625.629 591.316 1.216.945 11.066.472) Net investment gains Net income I (expenditure) Net movement in funds 188.009 188,009 136,749) 813.638 591.316 1.404.954 11.103.221) 813.638 591,316 L.404,954 11.103,221) Funds bolonce brought for4vord at I September 12 32.036.688 622,286 32,658,974 33,762,195 Funds balance carried forward at 31 August 12 31850326 1.213.602 34063328 32.658,974 There were no recognised goins or losses other thon os disclosed in the statement of financial octivities. All income ond expenditure relate to continuing activities. The accompanying notes form an integral part of these financial statements. Full comparatives are shown in note 17. 33 Balance sheet Year ended 31 August 2024 Registered chority number 1077 106. registered company number 03819888. Notes 2024 2023 Fixed assets Tangible assets Investments 35.877.478 35.744.267 2.852.039 2.534.501 Current ossets Debtors 3.931.325 4.289.187 Cash at bonk and in hand 4.251.825 5.709.224 8.183.150 9.998.411 Creditors: amounts falling due within one year 9 (6.684.915) 19.386.306) Net current assets 1.498.235 612.106 Creditors: amounts falling due after more thon one yeor Total assets less total liabilities 10 16.163.824) 16.231,9001 34.063.928 32.658.974 Funds 12 General funds 6.638.094 5.032.255 Designoted funds Restricted funds 26.212.232 27.004.433 1.213,602 622.286 T•tal funds 34,063,928 32,658,97 The accompanying notes form an integral part of these financial statements. The financial statements were approved and authorised for issue by the Boord on 29 Moy 2025 and were signed below on its behalf by: The Hon Michael Samuel MBE Chair of the Board of Trustees, Daniel Peltz OBE Treasurer Statement of cash flow Year ended 31 August 2024 Registered chority number 1077106. registered company number 03819888. 2024 2023 Net movement in funds 1,404.954 11.103.221) Depreciotion charges 785,539 688,543 Income from investments {149,2121 171.8051 Unrealised investment (gainslnosses Ilncrease)Idecreose in debtors {188.0091 36.749 357.862 11.320.460) Increoselldecreosel in creditors (2.769.465) 1.862.501 Net cosh flow (used in)Iprovided by operoting octivities (558,331) (92,307) Cosh flows from investing activities Investment income 149,212 71,805 Purchose of tangible fixed ossets Disposal of tangible fvxed assets Depreciation charges on disposal of tangible fixed assets Purchose of investments {915.7481 (1.178.594) 70.866 1,202,188 (70,866} 11.198.386) 1149,212) 171,8051 Disposal of investments (Decrease) in cash 16.680 1899.0681 11.174.792} Cash Ilows from financing activi Decrease in cosh and cosh equivolents in the period Cash and cosh equivolents ot the beginning of the period (1.457.399} 11.082.4861 5.709.224 6.791,710 Cosh and cosh equivalents ot the end of the period 4.251.825 5.709.224 Note 16 provides further detail of the movement in net debt. 35 Notes to the financial statements Year ended 31 August 2024 1. Accounting policies a) Basis of preparation All assets costing more than £l.000 and with an expected useful life exceeding The financial stotements have been one year are capitalised. prepared in accordance with Accounting Depreciotion is provided on all tangible and Reporting by Charities: Statement fixed assets. other than freehold land. ot of Recommended Practice applicable rates calculated to write off the cost or to chorities preparing their accounts in valuation. less estimated residual value, accordance with the Financial Reporting of each osset on a stroight-line basis Standard applicable in the UK {FRS 102) over its expected useful life, os follows: (effective l January 2019) {Charities SORP (FRS 102)), the Financial Freehold properties - 1.33% per annum Reporting Standard applicable in the UK Fumishings and equipment- 25% per {FRS 102) and the Companies Act 2006. onnum The Anna Freud Centre meets the definition of a public benefit entity under FRS 102. Assets ond liabilities are initially recognised at historicol cost or transaction value unless otherwise stated in the relevant accounting policy note(s). Preparation of accounts on a going concem basis b) Depreclatlon c) Investments Investments ore included in the balance sheet at market value. It is the charity's policy to keep valuotions up to date such that when investments are sold there is no gain or loss arising relating to previous years. As a result. the statement of financial activities does not distinguish between the valuation adjustments relating to sales and those relating to continued holdings as they are together treated as changes in the value of the investment portfolio throughout the year. The Trustees consider there are no materiol uncertainties about the charity's ability to continue as a going concern. The review of our financiol position. reser+/es levels and future plans gives Trustees confidence the charity remains a going concern for the foreseeable future. d) Income All income is recognised once the charity has entitlement to income. It is probable that income will be received and the amount of income receivable can be measured reliably. With grants and donations, once an award or pledge has been made in writing and if there are no restrictions or constraints on receiving the donation then this will be recognised in full once entitlement is established. All other incomes are recognised based Charity information The Anna Freud Centre (known as Anna Freud) is a company limited by guarantee (registered number 03819888). and a public benefit entity and registered charity in England and Wales {charity number 10771061. The address of the registered office is 4-8 Rodney Street, London, Nl 9JH. 36 on the matching principle. and so are related to the activity. otherwise they remain repoyoble and so deferred. Grant income is recognised under the accruols basis in line with staff costs. e) VAT Where appropriate, expenditure includes irrecoverable value added tax. "T.r- f ) Expenditure Direct costs have been charged to the relevant project it has arisen for. Overheods ore opportioned across the organisotion based on a percentage of direct costs. Governance costs include costs incurred in meeting constitutionol and statutory requirements. g) Employee benefits Pension costs The organisation offers employees a 6% contribution towards their pension based on their gross salary. Employees who do not opt out of the scheme are members of a group personal pension contributory system with Royal London, administered by The Anna Freud Centre. Short tenn benefits Short term benefits including holiday pay are recognised as an expense in the period in which the service is received. Employee tennination benefits Tennination benefits are accounted for on an accrual basis and in line with FRS 102. 37 h) Fund accounting m) Critical judgements General funds consist of amounts and estimates available to the Trustees to be applied In the application of the accounting at their discretion within the objects of policies. the Trustees ore required the charity. Designated funds comprise to make judgement. estimates. and unrestricted funds which have been set assumptions about the carrying value aside at the discretion of the Trustees for of assets and liabilities that are not specific purposes. reodily apparent from other sources. The Restricted funds consist of amounts estimates and underlying assumptions subject to special trusts within the are based on historical experience and objects of the charity either imposed by other factors that ore considered to be the donor or by the terms of the appeal. relevant. Actual results may differ from All income and expenditure is shown in these estimates. the statement of financial activities. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods. It has been decided to depreciate the Kings Cross Property over 75 years to reflect its usef ul economic life. i) Financial instruments The charitoble compony only hos finonciol ossets and financial liabilities of a kind that qualify os basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. l) Cash at bank and In hand Cash ot bank and cosh in hand includes cash and short term highly liquid investments with a short maturity. k) Debtors Trade and other debtors are recognised at the settlement omount due after any trode discount offered. Prepayments are valued at the omount prepaid net of any trade discounts due. l) Creditors and provisions Creditors and provisions ore recognised where the charity has a present obligation resulting from a post event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be meosured or estimated reliobly. Creditors and provisions are normally recognised at their settlement amount ofter allowing for any trade discounts due. 38 2. Grants and donations Year ended 31 August 2024 2024 2023 Unrestricted general 629.618 439,811 629,618 439.81 Restricted funds Campus Project (fonnerty Development Fund) The Clore Duffield Foundation 25,000 Child Psychotherupy Services The Anna Freud Foundation 3.937 The Chesser Trust 15.000 8.000 Anonymous donor 3,600 Sundry donors 4,333 Refiective Parenting: Speciol Anonymous donor 20,000 Kailo proiert University College London 129.333 44,898 Earty Years core funding Munthe Fomily City Bridge Trust Sundry donors 27,301 20,734 Compaign for Leorning - Family finonciol resilience The Chesser Trust 2.892 8,000 Anonymous donor 3.600 126.687 Cllnkal servkes IMG Trust 15.000 Refiective Fosterin9 Collaboration KPMG Foundation 110,000 Segelman Trust National Institute of Heolth Reseorch 109,000 4.179 University College London 38,955 Barts Health NHS Trust 27,475 AMBIT Pett Mentoring The Berkeley Foundotion 39 5,000 Reflective Parenting 2024 2023 Reflective Parenting John Lyon's Chority The Rayne Foundation plied Research and Evoluation eeTwo evalu(rtion 62.796 7.204 25.000 Mee Too Education Ltd 30.404 Violence Reduction Unit Institute for Fiscol Studies 34.450 BEssr Notionol Institute of Health Research 70,000 South London & Maudsley NHS Trust 10.738 MARCH Emerging Minds UCL University of Exeter Image Based Measure University College London 891 26.518 Anonymous donor PGS centrol costs 50.000 Kings College London Drinka sd￿arships & Bursories Barbara Throckmorton Drinka Scholarship Fund 16.290 2.350 Education and Training .STAR Kings College London Stholar5hi 32,491 The Chesser Trust 9,000 CAH Privote Philanthropy LifePsycholo9y Ltd Anonymous donors 50.000 20,000 2,661 Nominet Trust 39,585 O Projects The UK Trauma Council 40 2024 The ORP Foundation 10.000 10,000 University College London The Prudence Trust 18.138 120,000 National Lottery Community Fund 241,697 University College London collaborations Anonymous donor Psychoanolytic Electronic Publishing Virginia Tech Corilion School of Medicine 35.000 34.000 50,714 55,939 Fund for Psychoonalytic Research of the American Psychoanolytic Associotion The Royal Australian and New Zeoland College of Psychiatrists Peringtol Reseorth 11.148 56.201 Barts Health NHS Trust 6.371 National Institute for Health and Core Research 4.790 Support for Children The Dohon Family Foundution 94.882 Pragmatic Manrfesto The Prudence Trust 44,916 Barts Health NHS Trust 3,411 SUMMIT University College London ChAiyfRe 126.118 BERRI Evaluation Innovote UK 8.028 Llghthouse Parentlng Programme Evalu(rtlon Foundations. the What Works Centre for Children's Sociol Core 971 94,389 Intemationol Psychoanolytical Association Research International Psychoanalytical Association 9.158 ERIC Study Kovli Trust 154.589 173,872 aosing the Gap accelerution Peors Foundotion 150.000 150,000 Sthools Inclusion and specialist help in schools The Famity School 41 Anonymous donor 50.000 2024 2023 The Foyle Foundotion Alternative provision roll out The Foyle Foundation Anonymous donor Central Costs 45,000 30,000 30,000 Porticus UK 132.794 Clinical help in schools Schools outreoch service St Giles-in-the-Fields and William Shelton 14,300 Educutional Chority Schools and colleges early support service Garfield Weston Foundation loo.000 200,000 The Prudence Trust 100.000 100,000 Westminster Foundotion 100.000 loo,000 Mind 343,232 The Julio ond Hans Rausing Twst The Julio Rausing Trust 300.000 500,000 Kewan Estate 50.000 Knowledge dissemination in schools Schools in Mind Jo Malone London 170,430 Mentolly Heolthy Schools Jo Malone London 4,615 Goldman Sachs Gives IUKI 2.500 Anonymous donor Paul Hamlyn Foundation The AIfvA Foundation 50,000 44.000 44,000 35.000 35.000 Berry Street Foundotion 21.103 21.103 Munthe Family 50.000 Sundry donors 100 MHIS Schools Training Ford Britoin Trust 2.150 Autism and Wellbeing in Schools Anonymous donor 300.000 300,000 Rcstrictcd Total 2.941.664 3.361,297 42 Grand Total 3,571,282 3.801,IOEI 3. Investment income 2024 2023 Income from listed investments 149.212 71,805 4. Total expenditure Total expenditure year ended 31 August 2024 Salaries Consultants PG grants Other Support expense costs Total 2024 Cost of roising funds Fundroising ond publicty 506.224 18.000 14.141 538.365 Investment management fees 19.682 19.682 Legol fees 506.224 18.000 33.823 558.047 Charitable expenditure Clinical 2.746,107 136.145 98.372 1,144,485 4,125,109 Applied research and evaluation 1.049,625 2.855 175.457 427.284 1.655,221 Education and training 4,614.689 271.466 83,512 1.725.033 1.902.705 8.597,405 Research ond policy development 2.272.853 641,396 631,992 824,978 1.312.494 5.683,713 Schools 4.031.956 161.668 100.000 304.524 1,470.716 6.068.864 User porticipotion. librory ond dissemination 1.027.685 185.249 115.487 1.328.421 15.742.915 1.398,779 815,504 3.243.851 6,257.684 27.458,733 74 4267A84 43 Total expenditure year ended 31 August 2023 Salaries Consultonts PG gronts Other expense Support costs Totol 2023 Cost of roising funds Fundroising ond publicity 542.206 18.600 18.940 579.746 Investment management fees Legal fees 47,662 47.662 542.206 18.600 66.602 627,408 Charitable expenditure Clinicol 2.706.743 270.458 24.573 1.071.326 4.073.100 Applied Researth and Evaluation 1.312.859 519.942 122.395 501.976 2.457.172 EducatTon ond Training 3,897.995 1,081,662 85.518 440,973 1,633.188 7.139.336 Reseorch and Policy development 2.143.358 627.046 349.742 836.555 1.327.441 5.284.142 Schools 3.362.287 185.667 100.000 213.312 1.252.751 5.114.017 Llser porticipation. library and disseminotion 762.423 88,547 190,624 1,041,594 14.185.665 2,773,322 535.260 1,828,432 5.786.682 25,109.361 n7J71 179 73&7 44 5. Staff costs and numbers 2024 2023 o) Stoff costs Wages ond solories Social securtty costs 15.292.479 14,029.469 1.542.250 1,440.514 Pension costs 783,245 683.383 17M17J74 2024 2023 Staff costs include seconded staff costs amounting to £626,530 (2023: £508,646). Staff costs also includes staff redundancy payments amounting to 2 £62.42612023: £27.307). Emoluments over £60,000 No. £60,001- £70.000 20 17 £70,00 1- £80,000 12 £80,00 1- £90.000 £90,00 1- £100.O(yJ £ioo.001- £iio.(x)o 2024 2023 Pension contributions of £156,583 were made to those receiving emoluments over £60.000 (2023: £120.545). The total remunerotion paid to key management personnel in the period was £802,211 (2023: £722,853). The averoge number of employees analysed by function wa No. Clinical 79 Education ond Troining 173 139 Research iii 104 Conferences 23 21 Schools 95 87 Library b) Trustees No Trustee received remuneration for their services during the year (2023 £nil). Reimbursed expenses were £nil (2023: £nil) 45 6. Tangible fixed assets Freehold land Freehold properties Furnishings & equipment Totol Cost At I September 2023 8,110.690 28,112.281 1,254,102 37.477,073 Additions 915.748 915,748 Disposals Transfers 170,8661 170,866) At 31 August 2024 8.110.690 28.112.281 2.098.984 38.321.955 Depreci(rtion At I September 2023 1.593.029 136.774 1.729,803 Charge for the yeor 374.831 410,708 785.539 Disposals 170.8661 170.866) At 31 August 2024 Net book volue 1,967.860 476,616 2,444,476 At 31 August 2023 8,110,690 26.519.252 1,114,325 35.744,267 At 31 August 2024 8,110.690 26,144.421 1,622,368 35.877,478 46 7. Investments 2024 2023 Market value ot I September 2.534.501 2.499.445 Additions 149,212 71.805 Investment & management fees 119.6821 (19,6821 136.749 Mart¢et value at 31 August Historical cost ot 31 August 2.852.039 2.534.501 2,074,641 2.253,022 Listed investments (morket voluel UK fixed interest 268.065 369.066 UK equity shares 91,814 491,866 Overseos equities Property 1.566,316 1.204,222 88.425 103.808 Alternative assets 208.936 234.919 Market volue of listed investments 2.223.556 2.403.881 Cosh 628.483 130.620 1¢ The investment managers. Cazenove Capital were appointed from November 2023. having taken over monogement of the portfolio from Sarosins. Cazenove Capitol invest in a wide ronge of investments ond the Trustees regularly review performance. The investment managers are remunerated by a percentage of the value of the fund and the chorge for 2024 was £0 Nil (2023: £0 Nil). 47 8. Debtors 2024 2023 Trade debtors 656,454 1,962.886 Prepayments and accrued income 3.273.756 2,326.301 Other debtors 1,115 3.931.325 4.289.187 D•btor&" amounts fO1￿￿j due within one year Trade debtors 656.454 1,962.886 Prepoyments ond occrued income 2.916.621 2.007.643 Other debtors i.lis 3.574.190 3.970.529 Debtor&' amounts falllThJ after one year Trade debtors Prepayments and accrued income 357,135 318,658 Other debtors 357.135 3W658 48 9. Creditors: amounts falling due within one year 2024 2023 Trade and other creditors 907.088 1,166,332 Taxation and social security costs Accruals and deferred income 616.244 402,102 5,161,583 7,817,871 6,684,915 9,386,305 Other deferred income at the stort of the period 7.817.871 6,364,380 Amounts released to income in the year (7.074,348) 15.764,393) Amounts deferred in the yeor 4.418.060 7.217.884 Other deferred Income at the end of the period &161.583 7,817A71 Deferred income relates to seprfice level agreements and short course and training income that relates to future periods. 49 10. Creditors. amounts falling due after more than one year 2024 2023 Bonk loans 4.893.084 4,893.084 DfE Family School copital contribution 1.270.740 1,338.816 6.163.824 6.231.900 The onolysis of bonk loons is as follows: Due in 1-2 years 4.893.084 4,893.084 4 893 084 A loan of £4.9 million was agreed on the 27 September 2019 for o period of 5 yeors on a fixed rate basis of 2.87%. This is o fixed rate loan secured against the freehold land at Rodney Street N 19JH. The loan expiry term hos been extended to 31 July 2025 on a floating rate basis whilst new loan terms are being agreed. 2024 2023 The onolysis of the DfE contribution is os follows: Incorne Recognised in 1-2 yeors 68.075 68.075 Recognised in 3-5 years 204.226 204.226 Recognised beyond 5 years 998,439 1,066.515 L270,740 1.338,81 DfE have contributed £1.70 1,885 to the construction of the Family School which was received in full in December 2019 and is recognised over the course of the 25-year lease which commenced in May 2019. 50 11. Operating lease commitments 2024 2023 Operating leases 46.807 9,675 46,807 9.675 Due in less than l yeor 9,675 Due in 1-2 years Due in 3-5 yeors 46.807 Due beyond S yeors 46.807 9.67 51 12. Statement of funds Investment goins ond Tronsfers revoluations September 2023 Income Expenditure 31 August 2024 Geneml funds 5,032.255 24.910.400 123.492.570) 188,009 6.638,094 Design(rted funds Fixed asset fund 26,305,995 {690.442) 25,615.553 EBPU 292,616 184.106) 208,510 CORC 405.822 (17.653} {67.5511 388.170 Total designoted funds 27,004,433 {792.201) (67.5511 26.212.232 Restricted funds Clinicol projects Applied Reseorch 205.723 372.365 {487.530) 90,558 25.184 345.254 {326.385) 44.053 Education ond Troining 52.802 68.641 (93.428) 28.015 Research and Policy Development 177.819 1.751.918 (1.631.427) 298.310 Schools 160.758 1,785.147 (1.193,239) 752,666 Total stricted funds 622.286 4.323.325 (3.732,009) 1,213,602 52 Details of designated funds Flxed asset fund Fixed asset fund matches reserves with fixed assets held and used directly for charity purposes. EBPU- Evidence Based Practice Unit Service development and evaluation has been growing for the last few years and to enable further growth funds are being designated by self-generated surpluses and used to innovate in Applied Research & Evaluation. CORC-TheChild Outcomes Research Consortium CORC collects and uses evidence to enable more effective child-centred support. services and systems to improve children and young people's mental health and wellbeing. As o result of the merger of CORC into the Anna Freud Centre in September 2021 there were reserves transferred which are being held to continue to invest in this work. Details of restricted funds Clinical projects Include Reflective Fostering, Reflective Parenting, Kailo ond Eorly Years. Applied Research projects Include Violence Reduction Unit and Nested Evaluation projects. Education and Training Includes funds for Scholarship awards and Choosing Treatments projects. Research and Policy Development Includes funding for the UK Trauma Council. Bereavement Evoluation. Supporting Porents and ERIC Study. Schools Includes Autism and Wellbeing in Schools, Schools Outreach Service. Mentally Healthy Schools Website and Alternative Provision schooling models such as the Family School roll out and dissemination. 53 Statement of funds (2023 comparative) Investment gains and Transfers revaluations September 2022 Income Expenditure 31 August 2023 General funds 5.355.398 20.179.244 120.465.638} 136.749} 5.032.255 Designated funds Fixed osset fund 26,993.564 1687,569) 26,305,995 EBPU 373.748 (81.133} 292,616 CORC 405.822 405,822 Total designated funds 27,773.134 (768,702) 27,004,433 Restricted funds Clinicol projects 138.953 542.755 1475.985) 205.723 Applied Reseorch 144.992 475.531 1595,339) 25,184 Education ond Training 46.975 153,738 1147,911) 52,802 Research and Policy Development 233.402 1.755.079 (1.810,662) 177.819 Schools 69.341 1,538.950 (1.447.533) 160,758 Central Support Services 25.000 (25.000) Total restricted funds 633.663 4,491.053 14,502.430) 622.286 Ibtal funds 33.762,195 24.670.297 (25.736.769) (36.749) 32.658.97 54 13. Related parties and related party transactions Trustees and related parties made do- nations totalling £116.453 in the yeor to the Anna Freud Centre (2023: £67.210). 14. Pension commitments The organisation mokes contributions to personal pension schemes on be- holf of some of its employees. Contri- butions in the year totalled £783.245 (2023: £683.383). Amounts owing to the scheme at 31 August 2024 were £108.711 (2023: £94.322). 55 15. Analysis of net assets between funds Fund balances at 31 August 2024 are represented by: General funds Design(rted funds Restricted funds Total fvnds Tongible fixed ossets 10.261.926 25.615.552 35.877.478 Investments 2.852.039 2.852,039 Long term creditors 16,163,824) 16.163,8241 Net current ossets 1312.0471 596,680 1.213.602 1,498,235 6.638.094 26,212.232 1.213.602 34.063.928 Fund balances at 3 1 August 2023 comparative ore represented by: General funds Designated funds Restricted f unds Total f unds Tangible fixed assets 9.438.272 26.305.995 35,744.267 Investments 2.534.501 2.534.501 Long temi creditors (6.23 1.9001 (6.231.90 Net current assets {708.6181 698.438 622,286 612.106 5.031255 27.004.433 621286 32.658.974 56 16. Analysis of changes in debt At I September 2023 Other non-cosh changes Cash flows At 31 August 2024 Cosh and cash equivalents Cash 5,709.224 (1.457,399) 4.251.825 Overdrofts Cash equivolents S709,224 (L457.399) 4,25L825 Borrowings Debt due within one yeor Debt due after one yeor 14.893.084) (4.893,0841 14.893.084) (4.893,0841 81&140 IL4573991 (64L2 57 17. Comparative statement of financial activities (2022) year ended 31 August 2022 Notes Unrestrirted funds 2023 Restricted funds 2023 Total funds 2023 Grants, donations and legacies 439.811 3.361.297 3.801.108 Investments 439.811 3,361.297 3.801.108 Charitable activities Clinicol and preventative services 1.400.518 20.965 1.421.483 Educotion and training 7.363.822 7.363.822 Research 2.464.736 1,047.593 3.512.329 Conference ond study events 6.206.686 61.198 6.267.884 Schools 1.634.472 1.634.472 19.070.234 L129.756 20.199,990 Other 597,394 597,394 Gains on acquisition of business 30 24671129 Expenditure on: Raising lunds Fundroising and publicty 579.746 579.746 Investment and management fees Legol fees 47,662 47,662 627.408 627.408 58 RestrKted fvnds 2023 2023 Totol funds 202 Choritable octivities Clinicol and preventotive services 3.597.115 475,985 4.073,100 Applied research 1.861.834 595.339 2.457.173 Education ond troining 6.991.425 147.911 7.139.336 Reseorch ond policy development 3.473.480 1.810.662 5.284.142 Schools 3,666.484 1.447.533 5.114.017 User porticipotion. librory and disseminotion 1.016.593 25.000 1.041.593 20.606.931 4,502,430 25.109.361 2S736.76 Net incomel (expenditure} before investment gains 11.055,095) {11.377) (1,066,472> Net investment losses (36.749) 136.7491 Net income I (expenditure) 11,091,844) {11.377) 11,103,2211 Net movement in funds 11.091.844) 111.377) 11.103.2211 Funds balance brought fonmard at I September 12 33,128,532 633,663 33,762,195 Funds balance carried forward ot 31 August 12 32,036.688 622.286 32.658.974 59 References I de Souza, R. (2023). Children's Mental Heolth Services 2021-22. Children's Commissioner. htt ossets.childrenscommissioner. ov.u 2 NHS England. (2024. March 14). Mental Heolth Serrfices Monthly Stotistics. Performance January 2024. htt ital.nhs.u dota-and-informatio li 3Anna Freud. (n.d.). UK Trauma Council. htt www.annafreud.or et- 4 United Kingdom Committee for UNICEF. (n.d.). A summary ofthe UN convention on the rights of the child. htt www.unicef.or -conten loads 2019 10 UNCRC summar -1 l. dfhtt www.unicef.or 60 Annafreud.org @AFNCCF info@annafreud.org Anna Freud building the mental wellbeing of the next generation All rights reserved. Anna Freud is a charity registered in England and Wales (1077106). Registered address: Anna Freud. 4-8 Rodney Street. London Nl 9JH