REGISTERED COMPANY NUMBER: 03863068 (England and Wales) REGISTERED CHARITY NUMBER: 1083030 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 FOR ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY Parkers CorneliLts House 178-180 Church Road Hove East Sussex BN3 2DJ
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activlties Balance Sheet Notes to the Financial Statements 9 to 12 Detsiled Statement of Financial Activitles 13 to 14
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charFties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The Association for Group and Individual Psychotherapy (AGIP) was founded in 1974 as a Professional Association of Psychoanalytic PSychOthep1st$. It now has members working in London. the rest of the UK and in Europe. The organisation is a member of the United Kingdom Council for Psychotherapy. AGIP has a code of ethics and good practice to which all members subscribe. AGIP provides a highly regarded Psychotherapy Service in the forn of a clinic which is easily accessible to those seeking therapy in North London. We offer consultations, assessment and referrals for ongoing psychotherapy and access to a low-fee psychotherapy scheme, the Fairbridge Clinic. AGIP also offers a pluralistic and innovative Training Programme of Psychoanalytic Psy¢hotherapy. AGIP'S training is recognised by the United Kingdom Council for Psychotherapy. AGIP'S authority is vested in its elected Council., all full Council members also act as trustees of the charity. The work of the Association is carried forward by the council and its sub<ommittees have responsibilrty for Training, Clinical Matters, Professional Ethics and Continuing Professional Development. AGIP'S constitutional aims include the following: To widen the availabilrty of psychoanalytic psychotherapy To provide a psychoanalytically based training programme To provide a forum for members lo continue and develop theirwork To develop and maintsin the highest possible professional and ethical standard of professional excellence and ethical conduct in the practi of psychoanalytic psychotherapy Public benefit The section of this report above entitled 'Objectives and activities of the yearf sets out the charity's objectives and reports on the activity and successes in the year to 31 August 2023 as well as explaining the plans for the current financial year of 2023-24. The trustees have considered this matter and concluded: 1. That the aims of the organisation continue to be charitable., 2. That the aims and the work done give identifiable benefits to the Gharitable sector and both indictlY and directly to individuals in need; 3. That the benefits are for the public, are not unreasonably restricted in any way and certainly not by abilty to pay. and 4. That there is no detriment or ham arising from the aims or activities. The trustees confirm that they have complied with the duty in Section 4 of the Charities. Act 2006 to have due regard to the guidance published by the Charities. Commission on publiG benefit when reviewing the Charity's, main aims and objectives and in planning ftjture activf(ies. Page 1
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities The charity's committee work continued to operate on a remote basis whereas the training activities have predominantly returned to traditional face-to-face teaching. The investment in new equipment facilitated the new hybrid working conditions adopted by many businesses following the pandemic. This facilty has enabled AGIP to broaden the accessibility of its setvices. We would like to take this opportunity to express our thanks to our current and past members who have given so much to AGIP overthe years. The charty continues to adopt the Wot*ing paty and Committee structure to encourage the involvement of more members in the achievement of its aims. We continue to work with the Lady Balogh's Psychotherapy Trust to achieve our mutually shared goals. AGIP continues to support the British Journal of Psychotherapy, which continues to include papers from AGIP and remains responsive to the issues arising in the practice of psychotherapy. AGIP'S Business Plan 2023-2028 was approved during the year. The plan has been developed with the key objective to ensure AGIP is financially viable over the next 5 years, and beyond. The key elements of the plan are a 200/0 increase in training fees in 2023124 for new students starting last year, and a further 200/0 increase in training fees for new students in 2024125. The overall effect of these increases is that training fees will have risen from £2000 to £3000 for new students beginning in 2024125, and for students who start the training in subsequent years. Over the next 3 years and beyond this has a positive impact on AGIP'S income and ensures financial viability. Training continues to grow with remote learning techniques being incorporated with in-person teaching. There are currently 23 training members, 14 clinical trainees and 7 foundation trainees. We took this opportunity to welcome nine new professional members during the year. The pressure on our clinical services remains high as awareness of such services continue to grow alongside an increase in the demand for mental health support. The service continues to be provided through acts of goodwill from trainees and members in support of Iow-COSt therapy through the Fairbridge Clinic. The Clinical Committee has been re-fomied under the leadership of Diane Frazer and now has 3 professional members and two training members. The Continuing Professional Development Committee continues to provide its services in-person and online. AGIP had its 5-year review by the UKCP before Christmas in 2023. The final report was reviewed by Council in March 2024. The UKCP review focused on the training, and ethics policy and practice, and AGIP received an excellent evaluation. The infanl obseNation program has been re4esigned, and from 2026 will be a stand-alone 1-year program on the training. An enormous amount of thought and work has gone into designing the program and documenting it in a manual. Considerable thought has also gone into the transition pertod beeen now and 2026 to minimise disruption for current trainees. A bursary scheme was approved by Council in March 2024 and will begin in October 2025. Two bursaries of £500 will be available to potential foundation course students. Two bursaries of £1000 will be available to potential students on the clinical training. One of the bursaries for the foundation course and one for the clinical training will be available to a student from a black and minority ethnic background to widen participation in AGIP and increase inclusion and diversity. The house has been maintained by the office administration staff. The office has been decorated and a new carpet installed. The ceiling in the group room was re-plastered as it was becoming dangerous, and the room was decorated. Three consulting rooms have been decorated as part of a rolling programme of decorations. Completed.. Council approved a budget of £4000 for the re-designing of the website last next financial year. A website design company was appointed and they have carried out changes to the Fairt)ridge page that were urgent. The new website has now been completed and modemised. Processes are in place to update and edit the website on a continuing basis moving forward. Page 2
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 A new cloud based financial accounting system Xero was implemented on 1 September 2024 and is providing us with bi-monthly management accounts and cash flow statements. The system can automale various accounting processes, and provide real lime financial data. AGIP completed exploralory merger discussions with the Institute of Psychotherapy and Social Studies. Eight IPSS members have joined AGIP as a result. FINANCIAL REVIEW Financial position The income from membership fees is up slightly from last year continuing with the trend of increased memberships. The income from training fees has also increased reflecting the higher fees that AGIP is now charging. Training fee income will continue to increase over the next two years. The income and expenditure relating to the training course is included under charitable activities on the detailed statement of financial activities. The charity was self-funded for the year. The overall result for the year was a small deficit of (£1,386), compared to a surplus for the previous year of £6,292 Reserves policy It is normally the policy of the Association that the level of reserves (those not tied up in fixed assets and designated and restricted funds) should be maintained at a level at least equivalent to three months, expenditure, which averages £25,000 We have maintained at least this level of resetves over the year. In light of the long temi nature of the psychotherapy offered by the Clinic, it is viewed that 6 months expenditure in Ihe reseTves is more prudent. The trustees consider that reserves at that level would ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. As at 31 August 2024, our reserves fund stood at a surplus of £37,335, compared to £38,721 as at 31st August 2023. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Related parties The Association is an Organisational Member of the United Kingdom Council for Psychotherapy (UKCPI. Association representatives play an acttve part in UKCP affairs, representing the Association and the interests of its Members at a national level. The Association adheres to the ethical guidelines and policies of UKCP. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03863068 (England and Wales) Registered Charity number 1083030 Registered office 1 Fairbridge Road London N193EW Page 3
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 Trustees C D Bery Psychoanalytic psychotherapist (resigned 114125) LASuss Frau C Arndt Psychoanalyst D l Butler Psychoanalytic Psychotherapist (resigned 114125) Ms D H Hamilton Psychotherapist Ms S T Landesman Psychotherapist {resigned 11 [7124) D G Gill Psychoanalytic Psychotherapist Ms L Fava Psychoanalytic Psychotherapist (resigned 2813124) J Thompson Ms V Cumming {appointed 3014r25) Ms D Frazer (appointed 212125) C Shaw (appointed 20tT124) Independent Examiner Parf(ers Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ Approved by order of the board of trustees on and signed on its behalf by: L A Suss- Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY Independent examiner's report to the trustees of Association For Group And Individual Psychotherapy I'the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2024. Responsibilities and basis of report As the charity's trustees of the Company land 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'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(51 {b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records,. or the accounts do not wmply with the accounting requirements of Section 396 of the 20C6 Act other than any requirement that the accounts give a tnje and fair view which is not a matter Considered as part of an independent examination., or the accounts have not been prepared in accordan 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 Stsndard applicable in the UK and Republic of Ireland IFRS 1021). I have no con¢ems 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. Annette Watson PhD Bsc FCA Parkers Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ Date.. 10 l<sLg Page 5
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 82,541 78,651 Charitsble activities Clinical & CPD related APPT Training courses 5.518 62,085 8,886 52,106 Investment income 428 158 Total 150,572 139,801 EXPENDITURE ON Raising funds 5,520 5,379 Charitable activities Clinical & CPD related APPT Training courses 1,846 70,637 2,373 63,864 Other 73,955 61,893 Total 151,958 133,509 NET INCOMEI{EXPENDITURE) (1,386) 6,292 RECONCILIATION OF FUNDS Total funds brought fornard 38,721 32,429 TOTAL FUNDS CARRIED FORWARD 37,335 38,721 The notes fomi part of these financial statements Page 6
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY BALANCE SHEET 31ST AUGUST 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Tangible assets 1,073 1,431 CURRENT ASSETS Debtors Cash at bank 3,250 54,903 5,018 50,446 58,153 55,464 CREDITORS Amounts falling due within one year {21,891) (18,174) NET CURRENT ASSETS 36,262 37.290 TOTALASSETS LESS CURRENT LIABILITIES 37,335 38,721 NET ASSETS 37,335 38,721 FUNDS Unrestricted funds 37,335 38,721 TOTAL FUNDS 37,335 38,721 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 st August 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and {b} preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its Sutplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otheise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Charitable company. The notes form part of these financial statements Page 7 continued...
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY BALANCE SHEET- continued 31ST AUGUST 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by.. L A Suss - Trustee The notes fonn part of these financial statements Page 8
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entty under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 20C6. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities On the charrty has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable Ihal a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendtture is accounted for on an accruals basis and has been classified under headings that aggregate all c05t lated to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wrth the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lrfe. Fixtures, fittings & equipment 25/0 on reducing balance At each reporting date non-financial assets nol carried at fair value, like goodwill and plant, property and equipment, are reviewed to detemiine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immedialely in profit or loss. Taxation The company is a registered charity and as such its income and gains falling within section 471 to 489 of the Corporation Tax Act 2010 or section 256 of the Taxation and Chargeable Gains A 1992 are exempt from corporation tax to the extent that they are applied to its charitable activities. Fund accounting Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charty. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to Ihe financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribulion pension scheme. Contributions payable to the charitable company'5 pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 9 continued...
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024 INVESTMENT INCOME 2024 2023 Bank interest receivable 428 158 NET INCOMEI{EXPENDITURE} Net incomellexpenditure) is stated after chargingl(crediting)'. 2024 2023 Depreciation - owned assets 358 475 TRUSTEES. REMUNERATION AND BENEFITS There were no tNstees' remuneration or other benefits for the year ended 31 st August 2024 nor for the year ended 31st August 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 st August 2024 nor for the year ended 31st August 2023. STAFF COSTS The average monthly number of employees during the year was as follows.. 2024 2023 Training staff Support staff No employees reiVed emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Fixtures, fittings & equipmen COST At 1st September 2023 and 31st August 2024 3,887 DEPRECIATION At 1st September 2023 Charge for year 2,456 358 At 31stAugust 2024 2,814 NET BOOK VALUE At 31st August 2024 1,073 At 31st August 2023 1,431 Page 10 continued..
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 3,250 5,018 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Other creditors Accruals and deferred income 304 16,145 5.442 16,174 2,000 21,891 18,174 MOVEMENT IN FUNDS Net movement in funds At 3118124 At 119123 Unrestricted funds General fund 38,721 (1,386) 37,335 TOTAL FUNDS 38,721 (1,386) 37,335 Net movement in funds, included in the above are as follows.. Incoming reSoUrS Resources expended Movement in funds Unrestricted funds General fund 150,572 (151,958) (1,386) TOTAL FUNDS 150,572 (151,958) 11,386) Comparatives for movement in funds Net movement in funds At 3118123 At 119122 Unrestricted funds General fund 32,429 6,292 38,721 TOTAL FUNDS 32.429 6,292 38,721 Page 11 continued...
ASSOCIATION FOR GROUP AND INDIVIDUAL PSYCHOTHERAPY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources ReSoUrS expended Movement in funds Unrestricted funds General fund 139,801 {133,509} 6,292 TOTAL FUNDS 139,801 1133,509) 6,292 10. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 st August 2024. Page 12