Company re8lStration number: 03838253 Charity registration number: 107736S Psychosynthesis and Education Trust IA company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2024 Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Iniiiiiiiii *AE24FKER• 0810512025 COMPANIES HOUSE A06 #287 Psychosynthesis and Education Trust Contents Reference and Administrative Details Trustees, Report 2to12 Independent Audltors, Report 13to16 Statement of Financial Activities 17 Balance Sheet 18 Statement ofcash Flows 19 Notes to the Financial Statements 20to32 Psychosynthesis and Education Trust Reference and Admin15tratlve Detalls Trustees Sheree Bryant Christopher Connolly Sue Fox John R Hughes Icurrent Chair on rotation) Diana Whitmore Senlor Management l Leadershlp Team Jamie Joyes. Finance and Operations Director Kim Shiller. Pro8rammes Director Kelly Tyler, Social Impact Director Charlty Reglstratlon Number 1077365 Company Registration Number 03838253 The charity is incorporated In En8land and Wales. 92-94 Tooley Street London SEI 2TH Re8lstered Olfice Audltor Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Bankers Barclays Bank PLC Southwark Branch 29 8orou8h Hi8h Street London SEI ILY Page I Psychosynthesis and Education Trust Trustees, Report The trustees. who are directors for the purposes of company law, present the annual report together with the rinancial statements and auditors, report of the charitable company for the year ended 31 Au8USt 2024. Trustee5 and offlcers The trustee5 and offlcers serving durin8 the year and since the year end were as follows.. Trustees: Glyn Bottrell (Resigned S September 20241 Sheree Bryant (appointed 12 October 20231 Christopher Connolly Sue Fox John R Hughes (Current Chalr on rotation) Emma Marlnos (Resigned 4 September 20241 Michael Shaw IResi8ned 19 October 20231 PennyTerndrup (Resigned 4 September 2024) Phillipa Watson IResi8ned 4 September 20241 Dlana Whltmore Senior Management / Leadership Team: Jamie Joyes, Finance and Operations Director Kim Shiller, Programmes Dlrector Kelly Tyler, Social Impact Director Page 2 Psychosynthesis and Education Trust Trustees, Report The Trustees present their report, incorporating their strategic report and financlal statements, for the year ended 31 August 2024. The detail in this rep,ort explains the purpose of the Trust, what the Trust has done during the reporting year to carry out these purposes for the public benefit, and in makin8 decisions to that nature Trustees have had due regard to the Charity Commlsslon's public beneflt guidance when exercising any powers or duties to which the guidance is relevant. Ob-ectives and Activitie The Psychosynthesis and Educatlon Trust continues in its charitable activities, in., educatln8 the public on humanistic and transpersonal growth and development providing accredited training for counsellors and psychotherapi5tS Providin8 a subsidised low.cost counsellin8, to the 8eneral public developln8 and disseminatin8 the psychosynthesis model The Trust owns its premises at 92-94 Tooley Street. London SEI 2TH, which is used to deliver and administer the objectives and activities, and additionally generates revenue throu8h room hire for counsellors, psychotherapists, and value-ali8ned local organisations. The Trust's social purpose is reflected in its statu5 as a charitable educational trust. It is commltted to bringing benefit to the individual and collective through teaching Psych05ynthesis and 5UPPOrtin8 ongoSng Inquiry into psych05piritual development. Its purpose is to reveal wholeness through helping people to awaken to who they really are. The Psychosynthesis Trust has over 40 years. experience in training the next generation of counsellor5 and psychotherapists. Its work is based on psychosynthesis a transpersonal psychological model and approach which inteRrates the spiritual ?spect of the human expprip.ncp.. Thp TrLlSt is interested in how psychosynthesis can support people's development and growth, personally, professionally and in the service of others. The Trust's Intentlon is to make a contriblttion In supporting people to finding meanin& purpose. wellbein8 and a sense of place in an increasingly complex world. Its values consider the whole, both in terms of individuals and society. as well as org3nisation311y. Through its daily work. it seeks to embody the values of Love, Inquiry. Will, and Responsibility. An extension to Its core work. the Trust has developed a social impact outreach pro8ramme which alms to support a dirert need in society, making a positive impact through psychospiritual philosophies of psychosynthesis, for people suffering with anxiety who may not have the opportunity to access counselling and therapy due to marginalisation. Trustees introduced the project in 2022 where participants can access the 10-week pro8ramme at no cost, to help level the playing field of opportunity. The social impact project is completely reliant on 8rant funding. The Trusvs strategic objective of quality underpins 311 that it does. It reviews objertives and progress towards meetin8 them, as well as internal and external operating environments. on a regular basis. In 2023 it co-created a new iteratlon of strategic goals. Page 3 Psychosynthesls and Education Trust Trustees, Report The Trust is a training and accrediting member of the Humanistic and Inte8rative Psychology College IHIPCI of the United Kingdom Council for Psychotherapy IUKCPI. its counsellin8 programme was one of the earliest to be accredited by the British Association for Counselling and Psychotherapy18ACPI in 1989. The Advanced Diploma in Psychosynthesis Psychotherapy and Post Graduate Diploma in P5ychosynthesis Coun5elling are accredited by UKCP and BACP respectively. The Trust is also a member of the European Association for Psychotherapy {EAPI and founding member of the European Federation of Psychosynthesis Psychotherapy IEFPPI. Flnally, the Trust Is also a member of CPD UK. acknowled8ing the quality of training. Achlevement and erfor Core Tralnlng Offer Key successes include: Launchin8 3 second intake of the Supervision Diploma New Advance Diploma pathway started In October 2023 Launched a new Counsellin8 Services directory {January 20241 The Pro8rammes Project Lead role is shiftin8 into Learning Development Mana8er and support Is In place for students with additional needs Several reaccreditations with regulatory bodies have been delivered exceptlonally well. Includin8 8ainin8 an accreditation for online competencies The economic crisis is continuing to impact students and all team members. Industry chan8es and quality standards.. there is a lot of movement around diversity. and there continues to be bi8 debates in psychotherapy around converslon therapy and trans issues, with UKCP In partlcular changing thelr status around thls. Key learnings include,, Key strategic priorities 8oin8 forward include.. Continue with the maintenance phase, so quality is the area of growth focus. Further develop Moodle as a learning platform to meet students. needs and expectations, by recruitment of industry expert to gain the most from the platform120251. Core tralnlng contlnues to be delivered mostly In-person after shifting to online throu8h the hei8ht of the pandemic and trialling a hybrid offer in 2021. The Trust continues to offer an online-only Foundation course to one group of students at the September intake and make5 Strategic use of online techno108V to deliver for smaller 8roups, some events, and Continued Professional Development ICPDI courses. Page 4 Psychosynthesis and Education Trust Trustees, Report Stage I Stage 2 Stage J Stage 4 Stage 5 4 days Essentials l year Foundations 2 years Becomlng a Counsellor l year l year Advanced Studies Advanced Diploma in Psy(hosynthesis in Psychosynthesis The Trust ha5 gained approval from BACP for an online working accreditation, meaning the courses are now accredited as an in-person tralnln8 With online competencles. The four.day intenslve Essentials of Psychosynthesls course continues to offer a unique and empowerin8 opportunity for personal growth and transformation and is also a first step in training to become 3 counsellor or psychotherapist. Designed as an introduction to the vision, models, and methods of psychosynthesis, Essentials provides creative tools and transforming technlques that can be applied to both personal and professional1Sfe. 130 participants attended an Essentials course in 2024 - attr3ctin8 hlgh numbers but a decrease from previous years in which we attracted larger online groups thraugh the pandemic. The Trust continues to offer an online Essentials to support participation from a broader geographical catchment. The Trust currently has 159 student5 on roll for core programmes, which includes Advanced Diploma. SupervSsion course, and deferred students. To support applicants during a period of increasing cost of living, and to help those who would not be able to afford a course fee outri8ht, the Trust offers quarterly and monthly instalment plans - the uptake of these plans is continuing to increase. meaning that more people can access the training. and thls also has an Impact on cash flow in terms of timln8. Foundation income was up year-on-year, and the CNGI and CNG2 figures flurtuated In response to the larger than usual plpellne set In September 2021 when the Trust offered additional Foundation year spaces. The reintroduction of the Supervlsion course has been a success and has led to a second successful intake. Those that joined the course a5 UKCP member5 have now been re8lStered on the UKCP supervisors list. The redesi8nin8 of the Advanced Diploma, to separate out the fourth and fifth year, eontinues to support people who need to take a moments, breath before they embark on thelr dissertation year," and. offers a further opportunity to meet UKCP stsndards as a psychotherapeutic Counsellor at the end of the 4th year. The Trust condurted a Neurodiversity Audit towards the end of the perlod, looking at what the Learnin8 Development Manager is offering students in terms of dlsabilities. inclusion, and accessibility. Page 5 Psychosynthesis and Education Trust Trustees, Report SUPPORT TO STUDENTS BY COURSE SUP students:, 1,5% ADV2 students: .1.5% FDN students:, 5. 23% CNG2 students.. , 6. 27V. FDN-Trans students: I, CNGI Students: ,8,36% It is agreed that if a student suspects they have a learnin8 difficulty, then support is offered. This aims to support people on lower incomes who may be on a walting list for a particular dla8nosls. The aim Is to create parity in the support that Is on offer. The Trust's CPD offer has 8rown again substantially this period, both Sn terms of financial income and quality of offer, a result of better understandin8 tar8et audiences from prevlous years, and the Intention Is to continue to add quality and difference to this programme. Some of this yearfs key CPD successes have been; -How to succeed In your Counselling and Psychotherapy trainin¢, Held in September 2023, Cecilia Jarvis delivered this free online workshop based on their new book. which attracted 110 attendees. he Breath In Psychotherapv hosted by Claudia Businaro in September 2023 and March 2024, this popular workshop which explores the interconnection between emotional Ilfe and breathin8 patterns, thus the connection between the mind and the body. continues to attract 8ood numbers and will be repeated In 2025. Naklng Oreams" is a regular short course of our CPD pro8ramme that contlnues each year, drawn from the six skllls-based chapters in the book Waking Dreoms by Trust trainer Allan Frater. -Eye of Vlslon" and -Prartical Mysticism" were two events held at the Trust by respected and influential teach of e50teric philosophy. William Meader, who is returning in 2025 with two new events. "HelplnE Relationships" held in June 2024 by Piero Ferrucci and Diana Whitmore attracted more attendees than the largest training room could hold, so wa5 delivered from one of the Hilton Hotel's function rooms in London Brid8e. Pa8e 6 Psychosynthesis and Education Trust Trustees, Report Post year-end, the fla8ship free event "Continulng the Conversatlon" with the four friends (Diana Whitmore, Thomas Yeomans, Piero Ferrucci. and Andrea Bocconil were joined by Molly Young Brown, and attracted 433 ticket applications. Reaccreditations continue to be a key theme for the year and provide the cornerstone of the Trusvs offer ènd continue beyond year.end. Counselllng Serv5ces The Trust's counsellin8 services has seen and supported substantial growth over the last 4 years. The Trust has Increased the offer in student's placements and are seeing a greater number of external students seeking placements at the Trust as reputation grows. The support and service offer a quality experience In supporting students in their development professionally. and this widens the insight of who we are. within both the professional community as well as the exposure external students gain to the work of p5ychosynthesis. Where groups are mixed le.8., Trust students and external students), this opens students to alternative professional practices and modalities. All Student Placement Seryice ISPS) Supervisors are experienced at workln8 across modalities. Trust graduates can continue with the low-cost seNice on qualification as they set up their private practice. This supports an opportunity for low.cost service to continue to meet clients in their evolving needs. Graduates were also offered low-cost clients whilst remainin8 in group supervision with Trust-recommended supervisors as they develop their own best practice. This feels like a valuable pathway and flts with the Trust's education and learnin8 charitable status. The seNice continues to attract people by word of mouth. In this perlod, over 81% of new registrations have stated that they were recommended to the service. This speaks to the sernice that past clients have received that they recommend the service to people in their network. Recently, the demographlc of clients withln the servlce has shifted 67% of clients stated they were British, compared to 70% the previous year and over 80% historically. There is a continuous fluctuation be￿leen Clients wishin8 to attend in person or online. Students seThed Sept 2022- Aug 2023 95 Sept 2023- Aug 2024 ioi Total number of student counsellors served Number of which are from external trainings 45 31 Number of supervision 8roups {34 students per 8roup 24 26 Clients reglstered per year Total number of clients registered Low-cost clients- seen within SPS 527 559 340 449 559 clients registered for counselling in the year endin8 August 2024, an increase of 6% on last period.. Page 7 Psychosynthesls and Educatlon Trust Trustees, Report 449 of which used the low from.. oonations and leyeles Charitable acti¥itie5 Investment Income 19.91S 1,298.874 2.463 1.180 19,91S 1,298,874 2,463 I,IBO 1,121.866 904 92 1,121,866 904 92 Oiher Incorne rotal Income 1,322,431 1,322,432 1,122,862 1,122,862 Eypendlture on: Chir*tab￿ 1314.310 1,314 310 184 381 1184 381 Total e¥penditure 11,314.310 11,314,310) 11.184,3811 11,184,3811 Ilei movement In fund5 8,121 8,122 161,5191 161,5191 ftecomlllatlon of lundi rotal funds brouÈht forward 339,244 339,244 4(MJ,763 400,763 T￿•1 funds corried fO￿ard Y7.366 347,366 339.244 339,244 All of the charlws Ittl￿tIeS devfve from (ontlnuln¢ oper•tlons durln8tho above two perlods. The funds breakdown for 202315 shown note. The nores on pages 20 to 32 fomi art inte8ral part of these financial statements. Pale 17 p￿hos¥Ththesls and Educatlon TNst (Re8lstratlon number. 038382531 Balance Sheet as at 31 Au8U5t 2024 2023 N•X• T•n8ible assets 13 817,794 86T.722 Debto C•sh It •nd In hand 14 15 362.750 164.168 264.Oa3 211.054 526,918 475.137 Cl￿FI￿. *.mounts l•lllwJ dy•A*rfihlfi ofi•ye•r 16 719 97S 676 73 N•1 ￿rrIrt UablBtl•s 193.057 (201,2361 624,741 rJedltorn.Afnountsf•l1l￿ du*•ft•Y mwt¢h•noMyo•r 17 277.3751 1327.2421 N•t •u•ts 339.244 I￿￿$01th*￿￿rflr. funds TOMI lunds 339.244 Th• finaKlal stattments OTr ￿leS 17 t• 32 were •pprn￿d by the truste4 and •uthorlsed for 153ue en 28 Apvm 2025 and s*ned onih•lr behall bv: Jphn R Hurfhes (Current c￿[rOn fOt•tknnl TNst•• The noteson paqei 20 to 32 forni an Inte8rnl part olthem flnaftclal rtatement& Page 18 Seanned wllh CamScanner-' cs Psychosynthesis and Education Trust Statement of Cash Flows for the Year Ended 31 August 2024 2024 2023 Note Cash flows from operatlng actlvltles Net cash income/lexpenditure} 8.122 161,S191 Adlu5tments to cash flows from non-cash items Depreciation Investment income 49.925 12,464) 49,926 19041 55,583 {12,4971 Working capital adjustments Increase in debtors Increase In creditors 14 198,6671 23.004 19.074 121,3211 36.775 3.457 16 Increase in deferred income 17 Net cash flows from operatlng activities I1,￿6} 6,414 Cash nows from Investlng actlvities Interest receivable and similar income 2,463 904 Purchase of tangible fixed assets Disposal of tan8ible fixed assets 13 176,5391 18,901 Net cash flows from investin8 activities 2,463 156,7341 Cash flows from flnan¢ln8 artlvltles Repayment of loans and borrowings Repayment of capital element of finance leases and HP contracts 16 133,0351 115.3081 129,850) 42,332 18 Net cash flows from financlng activities 148.3431 12.482 Net decrease In cash and cash equivalents {46,8861 137.838} Cash and cash equlvalents at I September 211.054 248,892 Cash and cash equSvalents at 31 Au8USt 164.168 211,054 All of the cash flows are derived from continUlll8 operations during the above two periods. The notes on pages 20 to 32 form an integral part of these financial statements. Page 19 Psychosynthesis and Educatlon Trust Notes to the Financial Statements for the Year Ended 31 Au8USt 2024 I Charity status The charity Is limited by 8uarantee, incorporated in England and Wales. and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceedin8 £1 towards the assets of the charity in the event of liquidation. The address of Its re8lStered office Is.. 92-94 Tooley Street London SEI 2TH These financlal statements were authorised for Issue by the trustees on 28 Aprll 2025. 2 Accountlng pollcles Summary of slgnlflcant atcountln8 pollcles and key accauniln8 estlmates The princip31 accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compllance The financial statements have been prepared in accordance with Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland {FRS 1021 {effective l January 20191 (Charities SORP IFRS 1021- Second edition October 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They a150 comply with the Companies Act 2006 and Charities Act 2011. 8351$ of preparatlon Psychosynthesis and Education Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwlse stated in the relevant accounting policy notes. Golng toncern The trustee5 consider that there are no materlal uncertainties about the eharlty's abllity to continue as a going concern nor any si8nificant areas of uncertainty that affect the carryin8 value of assets held by the charity. Page 20 Psychosynthesis and Education Trust Notes to the Financial Statements for the Year Ended 31 August 2024 Key sources of estlmatlon uneertainty In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and a55umption5 about the cJrryin8 arnount of assets and liabilitie5 that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlyin8 assumptions are reviewed on an on80ing basis. Revisions to accountin8 estimates are recoBnised in the periods in whlch the estimate is revised where revislons affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods. Income and endowments All income is recognlsed once the charity has entitlement to the income, it is probable that the Income will be received and the amount of the Income receivable can be measured reliably. Ik)notions and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donatSon is sublect to conditions that require a level of performance by the charity before the charity is entitled to the funds. the Income is deferred and not reco8nised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants recelvoble Grants are reco8nlsed when the charity has an entitlement to the funds and any conditions linked to the 8rants have been met. Where performance conditions are attached to the grant and are yet to be met, the Income is reco8nised as a liability and induded on the balance sheet as deferred income to be released. Deftrred In