## **CASPARI FOUNDATION**
**(Company Number 3815700)**
**(Registered Charity Number 1079575)**
**FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED**
**31 JULY 2021**
## **CASPARI FOUNDATION**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 JULY 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
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|**Trustees / Directors**|A B Cantillon (appt 6 April 2021)|
|---|---|
||A Kishor (resigned 7 August 2020)|
||L Marsden|
||S Modi (appt 2 May 2021)|
|**Chair of Trustees**
**Charity Registration No.**
**Company No.**
**Registered Office**
**Independent Examiner**|L J Palmer (appt 11 April 2021)
P Reid
A Rimmen (resigned 30 June 2021)
J M B Swirsky
P Whitfield
P Reid
1079575
3815700
Studio 5
Industry Adelaide Wharf
21 Winston Road
London
E2 8EX
Olayinka Tomori ACA, DChA|
||Longmeade Consult Ltd|
||Regus House|
||Victory Way, Admiral’s Park|
||Crossways, Dartford|
||DA2 6QD|
|**Bankers**|Lloyds TSB|
||272 Upper Street|
||London|
||N1 2XN|
- 1 -
## **CASPARI FOUNDATION**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 JULY 2021**
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-
The Trustees (who are also the directors) present their report and the accounts of the charity for the year ended 31 July 2021. They have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second Edition effective 1 January 2019) and complied with the requirements of the Companies Act 2006.
## **INTRODUCTION**
Caspari Foundation’s vision is of a world where all children and young people have opportunities to learn, grow and develop to reach their true potential.
Increasing numbers of children and young people are struggling at school as a result of traumatic experiences in their lives. Family breakdowns, mental or physical illness, loss, the witnessing or suffering of abuse, bullying, social discrimination and deprivation all take their toll. It means that upsetting thoughts and feelings get in the way of learning.
As a charity, specialising in Educational Psychotherapy, the Caspari Foundation sets out to address these issues. Educational Psychotherapy combines teaching skills with therapeutic understanding in a way that helps children and young people to explore and make sense of their troubled world. Given space and time, with the help of a skilled Educational Psychotherapist, they are helped to develop the emotional confidence and self-esteem needed to engage more positively with school and to do well in life.
Underpinning the clinical work are the Caspari Foundations’s training and education programmes, with flagship qualifications in Educational Psychotherapy. We seek to embed our specialism within mainstream teaching practice and to achieve a more universal understanding of its benefits by policy makers and influencers at all levels.
## **STRUCTURE, GOVERNANCE, AND MANAGEMENT**
## **Governing document**
The Caspari Foundation is a company limited by guarantee governed by its Memorandum and Articles of Association dated 23 July 1999, as amended by special resolution dated 16 February 2000. The charity changed its name by special resolution on 17 May 2006 from The Caspari Foundation for Educational Therapy and Therapeutic Teaching to Caspari Foundation. The Company’s directors are its trustees for the purposes of charity law.
## **Organisation**
The company is run by a Board of Trustees that comprises the directors of the company. The members of the company are the directors and any other person consenting to act as member and who signs the register of members.
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## **CASPARI FOUNDATION**
## **TRUSTEES’ REPORT (Continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
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The Board of Trustees consists of at least six directors. One third of the directors must retire at each AGM and are only eligible for re-election for an aggregate of nine years from the date of original appointment as director. No person, other than a director retiring by rotation, may be appointed, unless either recommended by the Board of Trustees or, providing certain conditions are met, proposed by a member of the company.
## **Risk Review**
The Trustees have reviewed the risks to which the Caspari Foundation is exposed, and systems have been established to mitigate those risks as far as is practicable.
In carrying out this review, the Trustees have also considered the impact of the Covid-19 pandemic on the activities of the charity. Trustees believe that the charity will continue in operation for the foreseeable future despite the challenges arising because of the pandemic.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives**
The primary objective of the charity is the advancement of educational psychotherapy and therapeutic teaching. The charity is also concerned with the relief of suffering in children and young people through therapeutic intervention.
## **Public Benefit**
The trustees confirm that they have referred to the Charity Commission’s general guidance on Public Benefit when reviewing the charity’s aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
## **Review of developments, activities and achievements 2020 to 2021**
We had another hardworking and rewarding year 2020–21. We continued to work online, all committee meetings and the delivery of the trainings continued virtually. It must be acknowledged that the smooth running of this endeavour was owed to the commitment of the staff team, their knowledge and patience when managing all the tech issues were considerable and much is owed to them for helping with this new way of working which has come to us all.
During 2020-21 the changes to the training, which had been prescribed by UKCP at the Spring Term 2020 Organisational Members Review, were implemented. More detail about how this was managed is outlined below in the Education and Training section.
The new website was launched and thanks are given to the Operations and Development Manager for their considerable work on this and to the committee members and volunteers who contributed to its content.
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## **CASPARI FOUNDATION**
## **TRUSTEES’ REPORT (Continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
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The funded community projects continued to be developed and run with the work of the Operations and Development Manager and other members of the EPT community who give up their time voluntarily. And of course, these projects provide work for qualified freelance EPTs.
Our ties with the Adoption Support Fund continued and grew and this has been a successful collaboration with this government funded initiative and the Social Services professionals who manage it.
## **Organisational Development**
The staff structure remained unchanged during this period which helped considerably with the challenges we faced with the continued effects of Covid-19 and running our committee work and delivering the training online.
During 2020-21 the decision was taken to move from our Finsbury Park location as the premises were to undergo building work and the Fire Safety Report, we received highlighted safety concerns. We spent a considerable amount of time searching for suitable premises and found an office and training space within the Shoreditch Trust near Haggerston Park. We moved in August 2021.
The Communications and Marketing Committee (CMC) was reestablished as a separate entity from the Training and Education Committee (TEC). Thank you to the newly appointed Chair. The CMC will continue to work closely with TEC to ensure that we maximise the online platforms for advertising our trainings and our work.
## **Board of Trustees**
We would like to give special thanks to two of our Trustees who formally stepped down in this reporting period.
Aiswaraya Kishor resigned as a trustee in August 2020. We are very grateful to Aiswaraya for her contribution, in particular to the Communications and Marketing Committee.
We would like to again give thanks to Aurelie Rimmen who resigned as a trustee and a director of the company in June 2021. Aurelie was a trustee for three and a half years; we are very grateful for her contribution towards the Caspari Foundation.
Patti Whitfield, who was appointed as a trustee in March 2019, has announced her intention to resign as a trustee and director. The resignation formalities will be dealt with in due course. We are extremely grateful for the time and effort Patti has put into her role with the Caspari Foundation. We wish to thank her for all her work which is greatly appreciated.
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## **CASPARI FOUNDATION**
## **TRUSTEES’ REPORT (Continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
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In accordance with the company Articles of Association, one third of the directors, or the number nearest one third, must retire at each AGM and those longest in office must retire first. At the time of writing, we anticipate that two directors will retire and be re-appointed at the AGM for this reporting period: Joshua Swirsky and Patricia Reid.
The Board formally appointed two trustees in this financial year: Aoife Cantillon who is also the Company Secretary and Sona Modi who is also the Treasurer. The Companies House and Charity Commission appointments were completed in April and May 2021 and Board approval was obtained in late 2020. The appointment of Luke Palmer as a director and a trustee was confirmed to Companies House and the Charity Commission in April 2021.
## **Services to Children and Young People:**
## **Arsenal Project - Getting Match Fit**
Thanks to the generosity of the Arsenal Foundation two bursary students successfully completed their year of study and three rounds of Getting Match Fit were completed. Fifteen schools have accessed the Getting Match Fit Programme, supporting upwards of 75 children in the London Boroughs of Islington, Camden and Hackney, helping them to learn more about wellbeing and mental health.
All parts of this project were completed and the project was closed. Many thanks to the Arsenal Foundation for their Bursaries and collaboration in the Match Fit Programme.
## **The Big Give – Virtual EPIC**
This is a collaborative project working with Islington Virtual School and two Islington Schools to support looked after and Child-in-Need CYPs. This project involves therapeutic group sessions based around the theme of “The Journey” adapting and building on from the original 2015 Educational Psychotherapy in the Community (EPIC) project.
In March 2020 the Covid-19 pandemic delayed progress with this project which involved multiple people from multiple organisations and schools and it would have been unsafe to continue. In this financial year we were able to run training sessions for school and virtual school staff in preparations for work to start in September 2021 with the CYPs.
Many Thanks to our Champion: The Childhood Trust; The worshipful company of Basket Makers; Caspari Members and Friends and members of the general public for their generous donations.
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## **CASPARI FOUNDATION**
## **TRUSTEES’ REPORT (Continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
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## **Helen North Fund**
This Fund provides 1-1 therapeutic support to children who have experienced bereavement and loss. This fund was closed to new clients for several months because of the Covd-19 pandemic but was able to re-open in 2021. In 2021 the Helen North fund supported 3 CYPs.
We would like to thank the Pixel Fund and the Lakehouse Foundation for their generous donations which have helped us to fund this project. We would also like to thank the many generous donations made to the Big Give Christmas Challenge by members of the general public, Caspari Foundation members and friends.
## **Services to Members**
While open to the general, interested public, our programme of lectures, and seminars provides Caspari members with regular opportunities for continuing professional development (CPD) who attend at a discounted rate. All members receive a copy of The Journal of Educational Psychotherapy, which is published annually, as well as a termly Newsletter.
The Caspari Foundation is an organisational member of the UKCP and as such, all of our Educational Psychotherapist members are eligible to put themselves forward for reaccreditation.
Members' interests are advanced through the Caspari Foundation’s membership of two constituent Colleges of UKCP: The Council for Psychoanalysis and Jungian Analysis (CPJA), and the College of Child and Adolescent Psychotherapies (CCAP) with representation at appropriate committees.
## **Education and Training**
The four-year Advanced Diploma in Educational Psychotherapy continues to be the leading provider of our unique child psychotherapy training. For both our Certificate in Therapeutic and the Advanced Diploma in 2020-2021 we had 14 students enrolled across all year groups and both trainings.
We continued to develop and expand our Continued Professional Development (CPD) offers to our alumni and the wider psychotherapeutic profession. This remains a focus going forwards as it is important to make is possible for our alumni to access appropriate certificated CPD trainings for the purposes of their 5-yearly reaccreditation.
Post our 2020 UKCP OMR, we implemented significant changes to the four-year training as set out in the OMR recommendations which has brought our training standards into line with UKCP requirements. This was a considerable amount of work carried out with patience by our Course Director and which has had the effect of increasing the placements our trainees do in school. This has been a very positive development as the delivery of mental health provision in schools will continue to grow as a school-based intervention.
We continue to participate in the developments within our accrediting organisation, the UKCP, and to develop links with other child psychotherapy training organisations and CYP therapeutic provisions.
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## **CASPARI FOUNDATION**
## **TRUSTEES’ REPORT (Continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
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## **Financial Review**
In the year under review, the Foundation’s total income was £98,704 (2020: £93,569). The charity’s main source of general funds is fees paid by students on the Certificate in Therapeutic Teacher and Advanced Diploma in Educational Psychotherapy courses.
Overall, total expenditure was £111,571 (2020: £117,276). The result was net expenditure arising in the year of £12,867 (2020: £23,707 net expenditure). Income generating activities slowly began to pick up in 2021. Unrestricted Funds saw a reduction of £12,753 to £102,996 (2020: £115,749). There was little movement in net restricted funds with a reduction of £114 to leave a closing balance of £21,067.
This meant that our reserves decreased from the previous year’s figure of £136,930 to £124,063, of which £21,067 is restricted funding.
The deficit in the year has resulted in a further but less significant reduction in the charity’s cash balances compared to the previous year. The team continues to work on ways to improve income levels through a number of initiatives to drive growth in future years.
## **Reserves**
The “free reserves” of the charity (that is its Unrestricted Funds excluding fixed assets and any designated funds) at the year-end was £102,055. The policy of the trustees is to ensure there are sufficient reserves to cover running costs and possible redundancy costs in the case of a reduction in the charity’s funding for up to 3 years to enable any four-year Advanced Diploma in Educational Psychotherapy students to complete their course. The trustees believe that there a satisfactory level of reserves to meet obligations over the 3 years.
## **Future Plans**
The Caspari Foundation will continue to work on developing its training programs which it regards as the core business of the organisation.
The new website, which still needs some back pages developed, will continue to be the focus of our Communicating and Marketing Committee and our overall marketing strategy as well as ensuring that we have presence within other online platforms such as Facebook and Twitter.
We are happy to have found suitable premises for our office and for the delivery of the trainings and we hope to be back to in-person trainings in September 2022. Our committee work will continue, for the most part, online as committee members and Educational Psychotherapists who volunteer their time to the organisation, are located across may London boroughs and beyond.
The organisation will continue to work closely with the UKCP to ensure that it keeps up-to-date with wider developments within the psychotherapeutic community.
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## **CASPARI FOUNDATION**
## **TRUSTEES’ REPORT (Continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
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## **TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS**
The trustees (who are also directors of Caspari Foundation for the purposes of company law) are responsible for preparing the Trustees' 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 trustees to prepare the financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the principles and methods of the charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
By order of the trustees:
## **P A Reid Director/ Chair of Board of Trustees**
23 March 2022
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## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CASPARI FOUNDATION (“THE COMPANY”)**
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I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.
## **Responsibilities and basis of the report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s report**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have **no** concerns and have come across **no** other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Olayinka Tomori ACA, DChA Chartered Accountant
Longmeade Consult Ltd Regus House Victory Way, Admiral’s Park Crossways, Dartford BR1 3QG
24 March 2022
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## **CASPARI FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expenditure Account)**
## **FOR THE YEAR ENDED 31 JULY 2021**
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||||**Total**|**Total**|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**2021**|**2020**|
|**Note**|**£**|**£**|**£**|**£**|
|**s**|||||
|||||(note 15)|
|**INCOME from**|||||
|Donations and legacies
1|858|-|858|857|
|Bank deposit – interest|51|-|51|313|
|**_Charitable activities_**
Fees and journal sales|91,264|-|91,264|77,889|
|Grants
2|-|6,531|6,531|14,510|
||---------------|-----------------|-----------------|-----------------|
|**Total income**|92,173|6,531|98,704|93,569|
||----------------|-----------------|-----------------|-----------------|
|**EXPENDITURE on**
**Charitable activities**
3|104,926|6,645|111,571|117,276|
|Other|-|-|-|-|
||------------------|-----------------|-----------------|-----------------|
|**Total Expenditure**|104,926|6,645|111,571|117,276|
||------------------|-----------------|-----------------|------------------|
|**Net (expenditure)/income and**
**movement in funds**|**(12,753)**|**(114)**|**(12,867)**|**(23,707)**|
|Total funds brought forward|115,749|21,181|136,930|160,637|
||-----------------|-----------------|------------------|-----------------|
|**Total funds carried forward**|102,996|21,067|124,063|136,930|
||========|========|=========|========|
No summary income and expenditure account has been prepared because the information it would contain is given in the above statement.
All amounts relate to continuing activities.
The comparative Statement of Financial Activities for 2020 can be found in note 15 to these accounts.
The notes form part of these financial statements.
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**COMPANY NUMBER 3815700**
## **CASPARI FOUNDATION**
## **BALANCE SHEET**
## **AS AT 31 JULY 2021**
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||||**2021**|**2020**||
|---|---|---|---|---|---|
||**Notes**|**£**|**£**|**£**|**£**|
|**FIXED ASSETS**||||||
|Tangible assets|10||941||382|
|**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**CREDITORS:**Amounts falling
due within one year
**NET CURRENT ASSETS**|11
12|6,966
124,120
----------------
131,086
(7,964)
----------------|
123,122|2,477
135,709
----------------
138,186
(1,638)
----------------|136,548|
||||-------------------||-------------------|
||||124,063||136,930|
||||=========||=========|
|**FUNDS**
Unrestricted|||102,996||115,749|
|Restricted|14||21,067||21,181|
||||------------------||------------------|
||||124,063||136,930|
||||========||=========|
For the year ended 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## **Directors’ responsibilities:**
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Approved by the Trustees on 23 March 2022 and signed on their behalf by:
## **P A Reid**
## **Director/ Chair Board of Trustees**
The accompanying notes form part of these financial statements
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## **CASPARI FOUNDATION**
## **ACCOUNTING POLICIES**
## **FOR THE YEAR ENDED 31 JULY 2021**
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The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - Charities SORP (FRS 102) (Second Edition effective 1 January 2019) and the Companies Act 2006.
Caspari Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Assessment of going concern**
The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect to a period of one year from the date of approval of these accounts. The Trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due. In reaching this opinion, the Trustees have also considered the impact of the Covid-19 pandemic.
## **Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.
Income received in advance of a course or the provision of another specified service is deferred until the criteria for income recognition are met.
## **Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
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## **CASPARI FOUNDATION**
## **ACCOUNTING POLICIES**
## **FOR THE YEAR ENDED 31 JULY 2021**
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## **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Restricted funds are grants and/or donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising funds comprise the costs associated with attracting income and the costs of trading for fundraising purposes
- Expenditure on charitable activities includes the costs of providing courses and psychotherapeutic services and their associated support costs.
- Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly relate to specific charitable activities. Support costs include general staff and office costs, depreciation and other and other costs.
These costs have been allocated entirely to expenditure on charitable activities.
## **Fixed assets**
Tangible fixed assets are depreciated at rates calculated to write off the cost, less estimated residual value of each asset evenly over its expected life, as follows:-
Computers and equipment
- 3 years
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
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## **CASPARI FOUNDATION**
## **ACCOUNTING POLICIES**
## **FOR THE YEAR ENDED 31 JULY 2021**
- **-------------------------------------------------------------------------------------------------------------------------------------------------**
## **Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **Pension contributions**
Contributions in respect of the charity’s defined contribution pension scheme are charged to the statement of financial activities when they are payable to the scheme. The charity’s contributions are restricted to the contributions disclosed in note 5. There were no outstanding contributions at the year end. The charity has no liability beyond making its contributions and paying across the deductions for the employees’ contributions.
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## **CASPARI FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 JULY 2021**
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**1. GRANTS AND DONATIONS**
|**2.**
**3.**|**Unrestricted**
**Restricted**
**2021**
**2020**
**Funds**
**Funds**
**Total**
**Total**
**£**
**£**
**£**
**£**
Donations from general
fundraising
858
-
858
857
Legacies
-
-
-
-
-----------------
---------------
----------------
---------------
858
-
858
857
========
=======
========
=======
Year ended 31 July 2020
857
-
857
=========
========
==========
**INCOME FROM CHARITABLE ACTIVITIES**
**Unrestricted**
**Restricted**
**2021**
**2020**
**Funds**
**Funds**
**Total**
**Total**
**£**
**£**
**£**
**£**
**Grants**
The Big Give – Virtual EPIC
-
-
-
6,880
Helen North Fund
-
6,531
6,531
7,630
------------------
-----------------
-----------------
------------------
Donations from general
fundraising
-
6,531
6,531
14,510
========
========
========
========
Year ended 31 July 2020
-
14,510
14,510
========
=========
=========
**EXPENDITURE ON CHARITABLE ACTIVITIES**
**Other**
**Support**
**2021**
**2020**
**Direct Costs**
**Costs**
**Total**
**Total**
**£**
**£**
**£**
**£**
(Note 4)
Clinical Services
21,963
56,021
77,984
73,887
Programmes
15,313
18,274
33,587
41,733
Other
-
-
-
1,656
---------------
---------------
-----------------
----------------
37,276
74,295
111,571
117,276
=======
========
========
========
Year ended 31 July 2020
34,467
82,809
117,276
========
========
========|
|---|---|
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## **CASPARI FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
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--
## **4. GOVERNANCE & SUPPORT COSTS**
|||**2021**|**2020**|
|---|---|---|---|
|||**Total**|**Total**|
|||**£**|**£**|
||Administrative staff salaries|50,754|59,229|
||Other office costs|22,341|22,380|
|||------------------|-------------------|
|||73,095|81,609|
||**Governance Costs**
Independent examination fees|1,200|1,200|
|||-------------------|-------------------|
|||74,295|82,809|
|||=========|=========|
||**Allocated as follows:**
Clinical Services|56,021|62,407|
||Programmes|18,274|20,402|
|||-------------------|-------------------|
|||74,295|82,809|
|||=========|=========|
|**5.**|**STAFF COSTS**|**2021**|**2020**|
|||**£**|**£**|
||Salaries|49,362|57,561|
||Social security costs|-|49|
||Other pension costs|1,392|1,619|
|||---------------|---------------|
|||50,754|59,229|
|||=======|=======|
No employee received emoluments of more than £60,000. The average number of employees during the year was as follows:-
||**2021**|**2020**|
|---|---|---|
|The average number of full and part time staff|3.1|4.0|
||=======|=======|
- 16 -
## **CASPARI FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
------------------------------------------------------------------------------------------------------------------------------------------------
--
|**6.**|**NET INCOME/EXPENDITURE FOR THE YEAR**|**2021**|**2020**|
|---|---|---|---|
|||**£**|**£**|
||**This is stated after charging:**|||
||Independent examiner's remuneration (including VAT)|||
||Examination|1,200|1,200|
||Accountancy services|360|360|
|||---------------|---------------|
|||1,560|1,560|
|||=======|=======|
## **7. TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS**
In accordance with the Memorandum & Articles of Association, the Directors and Trustees are allowed to enter into contracts with the charity for the supply of professional services on an arms-length basis.
|**2021**|**2020**|
|---|---|
|Lecturing, marking & supervision fees:
**£**|**£**|
|Jim Rose (Paper-marking)
-|319|
|Mia Beaumont (professional fees)
-|200|
|Luke Palmer (Paper-marking, tutorials, seminars,
1,540|-|
|lectures)
Patricia Reid (Seminar Leader fees)
50|-|
|========|========|
Reimbursement of trustee expenses amounted to £27 made to 1 trustee (2020: £60 to 1 trustee).
## **8. TAXATION**
As a charity, Caspari Foundation is exempt from tax on income and gains to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
## **9. LIABILITY OF MEMBERS**
The charity is constituted as a company limited by guarantee and has no share capital. The liability of each member is limited to the sum of £1 per member.
- 17 -
## **CASPARI FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
------------------------------------------------------------------------------------------------------------------------------------------------
--
|**10.**|**TANGIBLE FIXED ASSETS**|**Computers**|**Total**|
|---|---|---|---|
|||**£**|**£**|
||**COST**|||
||At 1 August 2020|571|571|
||Additions|1,124|1,124|
|||---------------|-----------------|
||At 31 July 2021|1,695|1,695|
|||---------------|-----------------|
||**DEPRECIATION**
At 1 August 2020|189|189|
||Charge for the year|565|565|
|||---------------|---------------|
||At 31 July 2021|754|754|
|||---------------|----------------|
||**NET BOOK VALUE**
At 31 July 2021|941|941|
|||======|=======|
||At 31 July 2020|382|382|
|||=======|=======|
|**11.**|**DEBTORS**|**2021**|**2020**|
|||**£**|**£**|
||Fee debtors|6,966|760|
||Other debtors|-|925|
||Prepayments and accrued income|-|792|
|||--------------|---------------|
|||6,966|2,477|
|||=======|=======|
|**12.**|**CREDITORS**|**2021**|**2020**|
|||**£**|**£**|
||Accruals|4,464|1,638|
||Deferred income|3,500|-|
|||--------------|--------------|
||Accruals|7,964|1,638|
|||=======|=======|
- 18 -
## **CASPARI FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
------------------------------------------------------------------------------------------------------------------------------------------------
## **13. OPERATING LEASE COMMITMENTS**
At the year end, the charity had the following minimum future operating lease commitments:
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|**Leases which expire:**|Premises|Premises|
|Within one year|11,880|-|
|Within two to five years|11,880|-|
||----------------|----------------|
||23,760|-|
||**========**|**========**|
## **14. RESTRICTED FUNDS**
|**Current year (2021)**|**Balance at**|||||**Balance at**|
|---|---|---|---|---|---|---|
||**1 August**|**Income**|**Expenditure**|**Transfers**||**31 July 2021**|
||**2020**
**£**|**£**|**£**|**£**||**£**|
|Big Lottery Fund – EPIC|4,634|-|(577)||-|4,057|
|The Big Give – Virtual EPIC|6,880|-|(705)||-|6,175|
|Programmes – Helen North|8,527|6,531|(4,223)||-|10,835|
|Fund
Getting Match Fit|1,140|-|(1,140)||-|-|
||---------------|---------------|----------------|---------------||--------------|
||21,181|6,531|(6,645)||-|21,067|
||=======|=======|========|=======||=======|
|**Prior year (2020)**|**Balance at**|||||**Balance at**|
||**1 August**|**Income**|**Expenditure**|**Transfers**||**31 July 2020**|
||**2019**
**£**|**£**|**£**|**£**||**£**|
|Big Lottery Fund – EPIC|7,246|-|(2,612)||-|4,634|
|The Big Give – Virtual EPIC|-|6,880|-||-|6,880|
|Programmes – Helen North|2,202|7,630|(1,305)||-|8,527|
|Fund|||||||
|Getting Match Fit|7,442|-|(6,302)||-|1,140|
||---------------|----------------|----------------|---------------||---------------|
||16,890|14,510|(10,219)||-|21,181|
||=======|========|========|=======||=======|
- 19 -
## **CASPARI FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
------------------------------------------------------------------------------------------------------------------------------------------------
## **14. RESTRICTED FUNDS (Continued)**
## **Big Lottery Fund – EPIC**
These funds represent sums received for The Educational Psychotherapy in the Community (EPIC) project, supported by the Big Lottery Fund (BLF). This project formally ended in 2018 with the remaining balance left to support ongoing legacy work.
## **Helen North Fund**
In December 2021 the Childhood Trust became our Champion for the “Big Give Christmas Challenge” supporting the Helen North Fund. In 2022 we hope to be able to support three new CYPs whilst continuing to provide ongoing support to one CYP.
We would like to thank the Childhood Trust and the Lakehouse Foundation for their generous donations which have helped us to fund this project. We would also like to thank the many generous donations made to the Big Give Christmas Challenge by members of the general public, the Caspari Foundation members and friends.
## **The Big Give – Virtual EPIC**
In 2022 we hope to continue working with the two Islington Schools involved in the project, to support looked after and in need CYPs. We also expect to be starting two new rounds of the story group with the schools. In 2022 we will be collecting and analysing evaluations from the participants who have taken part in the project.
Many Thanks to our Champions: The Childhood Trust and The worshipful company of Basket Makers; Caspari Foundation Members and Friends, and members of the general public for their generous donations.
- 20 -
## **CASPARI FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 JULY 2021**
**------------------------------------------------------------------------------------------------------------------------------------------------**
## **15. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR PRIOR YEAR (2020)**
|||||**Total**|
|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**2020**|
||**Notes**|**£**|**£**|**£**|
|**INCOME from**|||||
|Donations and legacies|1|857|-|857|
|Bank deposit – interest||313|-|313|
|**_Charitable activities_**
Fees and journal sales||77,889|-|77,889|
|Grants|2|-|14,510|14,510|
|||---------------|---------------|----------------|
|**Total income**||79,059|14,510|93,569|
|||---------------|---------------|---------------|
|**EXPENDITURE on**
**Charitable activities**|3|107,057|10,219|117,276|
|Other||-|-|-|
|||-----------------|-----------------|-----------------|
|**Total Expenditure**||107,057|10,219|117,276|
|||-----------------|-----------------|-----------------|
|**Net (expenditure)/income and**
**movement in funds**||**(27,998)**|**4,291**|**(23,707)**|
|Total funds brought forward||143,747|16,890|160,637|
|||-----------------|---------------|------------------|
|**Total funds carried forward**||115,749|21,181|136,930|
|||========|=======|========|
- 21 -