Registered Company number: 03978291 Registered Charity Number: 1084537
**THE SITE FOR CONTEMPORARY PSYCHOANALYSIS TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **The Site For Contemporary Psychoanalysis Trustees Report and Financial Statements For The Year Ended 31 December 2023**
## **Contents**
||**Page**|
|---|---|
|Company Information|1|
|Trustees' Report|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6—8|
|Detailed Statement of financial Activities|9|
**The Site For Contemporary Psychoanalysis Company Information For The Year Ended 31 December 2023**
|**Directors**|Ms Luisa Pretolani|
|---|---|
||Dr Nicholas Blackburn|
||Ms Joanna Gardner|
||Dr Peter Nevins|
||Mrs Shireen Noor|
||Ms Judith Soal|
|**Trustees**|Ms Luisa Pretolani (Psychoanalyst)|
||Dr Nicholas Blackburn (Psychoanalyst)|
||Ms Joanna Gardner (Psychotherapist)|
||Dr Peter Nevins (Psychoanalyst)|
||Mrs Shireen Noor (Psychoanalyst)|
||Ms Judith Soal (Psychoanalyst)|
|**Charity Number**|1084537|
|**Company Number**|03978291|
|**Registered Office**|Flat 170, 15 Bessemer Place|
||London|
||SE10 0GQ|
|**Independent Examiners**|Best Choice Chartered Accountants|
||Office 30, Kingfisher House|
||21-23 Elmfield Road|
||Bromley|
||BR1 1LT|
Page 1
## **The Site For Contemporary Psychoanalysis Company No. 03978291, Charity No. 1084537 Trustee' Report For The Year Ended 31 December 2023**
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 December 2023. The trustees 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **25th Anniversary**
In 2023, the Site entered its 25th year of activities fostering critical, reflective, and imaginative thinking about psychoanalysis and its contemporary practices. To mark such momentous anniversary, a year-long series of talks have been designed and deployed, beginning with an opening conference in September 2023. All events will be filmed to produce a documentary tracing the organisation’s journey, celebrating its founders and the legacy they created. A dedicated budget of around £11k has been ring fenced to support the initiative overall, which will in turn generate income through ticketing.
## **Training Programme & Recruitment**
One of the aims set out in 2022 was for the Site to support its staff and structures as they expand and professionalise, whilst keeping on the delicate balancing act of our ethos and training work. In financial terms, this meant a nine per cent increase of training fees for all students beginning in January 2024. This in turn allowed a twenty per cent increase of all teaching fees across the board, starting with the 2023 autumn term, bringing the hourly rates closer to market rates figures. Such increases in income and expenditure have given The Site the necessary financial framework to become a stronger, more resilient organization whilst improving and expanding its offer to students and members alike – for example, by allocating a dedicated administrative support figure to the teaching committee. Notwithstanding the increase in training fees, the number of students recruited has not decreased. For 2024, we plan to create more substantial bursaries to encourage diversity in our students’ population.
## **Events**
In 2023, the tireless volunteer work of members allowed The Site to host four events, three talks and a film screening. All were hugely successful and provided a significant source of income, on top of promoting the organisation’s visibility, attracting professionals, prospective students and potential sponsors alike.
## **Reserves**
Our reserves are presently allowing us to be more confident with our choices in the future. The past year did not see any significant budget overspending except for overheads, and the overall expenditure was lower than the financial year’s turnover. We are now at the end of the first quarter of 2024, and the organisation’s income and expenditures are within budget.
## **Directors and Trustees**
The directors and trustees who held office during the year were as follows:
Ms Luisa Pretolani Dr Nicholas Blackburn Ms Joanna Gardner Dr Peter Nevins Mrs Shireen Noor Ms Judith Soal
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
## Luisa Pretolani
Luisa Pretolani (Apr 1, 2024 17:59 GMT+2)
Ms Luisa Pretolani
Director & Trustee
28/03/2024
Page 2
## **The Site For Contemporary Psychoanalysis Independent Examiner's Report For The Year Ended 31 December 2023**
I report on the accounts of the Charity for the year ended 31 October 2023, which are set out on pages 5 to 9.
## **Respective responsibilities of trustees and examiner**
1. The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
2. Having satisfied myself that an audit is not required, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities, have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed
Shahzad Fayyaz (Mar 31, 2024 11:34 GMT+1)
Shahzad Fayyaz, ACA
28/03/2024
Best Choice Chartered Accountants Office 30, Kingfisher House 21-23 Elmfield Road Bromley BR1 1LT
Page 3
## **The Site For Contemporary Psychoanalysis Statement of Financial Activities For The Year Ended 31 December 2023**
|**Notes**
**INCOME AND ENDOWMENTS**
Charitable activities
Investment income
**Total**
**RESOURCES EXPENDED**
Charitable activities
Support Costs
Governance Costs
**Total**
**NET INCOME**|**2023**
**£**
74,049
818
**74,867**
34,981
23,136
**66,908**
8,791
**7,959**|**2022**
**£**
76,231
149|
|---|---|---|
|||**76,380**
27,584
14,677
5,592|
|||**47,853**
**28,527**|
Please refer to detailed breakdowns on page 9.
Page 4
## **The Site For Contemporary Psychoanalysis Balance Sheet As at 31 December 2023**
|**Notes**
**4**
**5**
**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**Creditors: Amounts Falling Due Within**
**One Year**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
Unrestricted Funds
**MEMBERS' FUNDS**|**2023**
**£**
**£**
4,836
112,586
117,422
(5,575)
111,847
111,847
111,847
111,847
111,847|**2023**
**£**
**£**
4,836
112,586
117,422
(5,575)
111,847
111,847
111,847
111,847
111,847|**2022**
**£**
**£**
6,167
105,174
111,341
(7,453)
103,888
103,888
103,888
103,888
103,888|**2022**
**£**
**£**
6,167
105,174
111,341
(7,453)
103,888
103,888
103,888
103,888
103,888|
|---|---|---|---|---|
||117,422
(5,575)||111,341
(7,453)||
||||||
|||111,847||103,888|
|||111,847||103,888|
|||111,847||103,888|
|||111,847||103,888|
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
- ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and;
• 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 surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the board of trustees on 28 March 2024 and were signed on its behalf by:
## Luisa Pretolani
Luisa Pretolani (Apr 1, 2024 17:59 GMT+2)
Ms Luisa Pretolani
Director
The notes on pages 6 to 8 form part of these financial statements.
Page 5
## **The Site For Contemporary Psychoanalysis Notes to the Financial Statements For The Year Ended 31 December 2023**
## 1. **Accounting Policies**
## 1.1. **Basis of Preparation of Financial Statements**
The financial statements of the charitable company, which is a public benefit entity 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 charities 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 2006. The financial statements have been prepared under the historical cost convention.
## 1.2. **Income**
All income is recognized in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## 1.3. **Stocks and Work in Progress**
Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## 1.4. **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## 1.5. **Related Party Disclosures**
There were no related party transactions for the year ended 31st December 2023 nor in 2022.
## 1.6. **Legal Status of the Charity**
The Site for Contemporary Psychoanalysis is a charitable company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1.
## 1.7. **Fund accounting**
Unrestricted funds can be used in accordance 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 charity. 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 the financial statements.
## 2. **Average Number of Employees**
Average number of employees, including trustees, during the year were as follows:
|Trustees|**2023**
6
6|**2022**
6|
|---|---|---|
|||6|
Page 6
**The Site For Contemporary Psychoanalysis Notes to the Financial Statements (continued) For The Year Ended 31 December 2023**
## 3. **Trustees' remuneration**
Emoluments
|**2023**
**£**
3,959
3,959|**2022**
**£**
4.232|
|---|---|
||4,232|
During the year £3,959 (2022: £4,232) was paid to trustees for their services in relation to the charity's activities.
## **Trustees' expenses**
During the year, £1,857 (2022: £2,768) was reimbursed to trustees for expenses incurred on behalf of the charity, and
in their capacity of providing services in relation to the charity's activities.
## 4. **Debtors**
|**Due within one year**
Prepayments and accrued income
5.
**Creditors: Amounts Falling Due Within One Year**
Accruals and deferred income|**2023**
**£**
4,836
4,836
**2023**
**£**
5,575
5,575|**2022**
**£**
6,167|
|---|---|---|
|||6,167|
|||**2022**
**£**
7,453|
|||7,453|
5. **Creditors: Amounts Falling Due Within One Year**
## 6. **General Information**
The Site For Contemporary Psychoanalysis is a charity, limited by guarantee, incorporated in England & Wales, registered number 03978291 and registered charity number 1084537. The registered office is Flat 170, 15 Bessemer Place, London, SE10 0GQ.
## 7. **Movement In Funds**
|7.
**Movement In Funds**
**Unrestricted Funds**
General funds
**Total Funds**
Net movement in funds, included in the above are as follows:
**Unrestricted Funds**
General funds
**Total Funds**|**At 1 Jan**
**2023**
**£**
103,888
103,888
**Incoming**
**resources**
**£**
74,867
74,867|**Net movement**
**in funds**
**£**
7,959
7,959
**Resources**
**expended**
**£**
(66,908)
(68,908)|
**At 31 Dec**
**2023**
**£**
111,847
111,847
**Movement**
**in funds**
**£**
7,959
7,959|
|---|---|---|---|
Page 7
## **The Site For Contemporary Psychoanalysis Notes to the Financial Statements (continued) For The Year Ended 31 December 2023**
## 7. **Movement In Funds - continued**
## **Comparatives for movement in funds**
|**Unrestricted Funds**
General funds
**At 1 Jan**
**2022**
**£**
75,361
75,361
**Total Funds**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted Funds**
General funds
**Incoming**
**resources**
**£**
76,380
76,380
**Total Funds**
**At 1 Jan**
**2022**
**£**
75,361
75,361
**Unrestricted Funds**
General funds
**Total Funds**
A current year 12 months and prior year 12 months combined position is as follows:|**Net movement**
**in funds**
**£**
28,527
28,527
**Resources**
**expended**
**£**
(47,853)
(47,853)
**Net movement**
**in funds**
**£**
36,486
36,486|
**At 31 Dec**
**2022**
**£**
103,888|
|---|---|---|
|||103,888|
|||**Movement**
**in funds**
**£**
28,527|
|||28,527|
|||
**At 31 Dec**
**£**
111,847
**2023**|
|||111,847|
A current year 12 months and prior year 12 months combined position is as follows:
Page 8
**The Site For Contemporary Psychoanalysis Detailed Statement of Financial Activities For The Year Ended 31 December 2023**
|**INCOME AND ENDOWMENTS**
**Investment income**
Deposit account interest
**Charitable activities**
Training fees
Talks and workshops
Membership fees
Conferences
Gift aid
Introductory courses
Bursaries
Donations fee
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Teacher fees
Venue hire
Teacher expenses
Talks and workshops
**Support costs**
Insurance
Membership fees
Administration fees
**Governance costs**
Accountancy fees
Professional fees
**Total resources expended**
**NET INCOME**||**2023**
**£**
**£**
33,114
525
21,686
3,611
3,073
10,800
750
818
74,867
1,011
6,323
15,802
(23,136)
17,299
13,183
599
3,900
(34,981)
1,080
7,711
(8,791)
(66,908)
7,959
490|**2023**
**£**
**£**
33,114
525
21,686
3,611
3,073
10,800
750
818
74,867
1,011
6,323
15,802
(23,136)
17,299
13,183
599
3,900
(34,981)
1,080
7,711
(8,791)
(66,908)
7,959
490||**2022**
**£**
**£**
35,761
1,050
22,818
1,319
3,083
11,450
750
149
76,380
635
3,824
10,218
(14,677)
15,939
10,115
135
1,395
(27,584)
1,080
4,512
(5,592)
(47,853)
28,527
-|
|---|---|---|---|---|---|
|||1,011
6,323
15,802||||
|||1,080
7,711||||
|||||
||
||||(66,908)|||
||||7,959|||
Page 9
The Site For Contemporary Psychoanalysis - Charity Financial Statements 31 Dec 2023
## Final Audit Report
2024-04-01
Created: 2024-03-28 By: Best Choice Accountancy (info@bestchoiceaccountancy.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAMB0u6053nwIhUZfgHFWEKtvdHELH_w6s
"The Site For Contemporary Psychoanalysis - Charity Financial Statements 31 Dec 2023" History
Document created by Best Choice Accountancy (info@bestchoiceaccountancy.co.uk) 2024-03-28 - 10:20:00 PM GMT
Document emailed to luisa.pretolani@the-site.org.uk for signature 2024-03-28 - 10:20:05 PM GMT
Document emailed to Shahzad Fayyaz (shahzad@bestchoiceaccountancy.co.uk) for signature 2024-03-28 - 10:20:05 PM GMT
Email viewed by Shahzad Fayyaz (shahzad@bestchoiceaccountancy.co.uk) 2024-03-31 - 10:34:16 AM GMT
Document e-signed by Shahzad Fayyaz (shahzad@bestchoiceaccountancy.co.uk)
Signature Date: 2024-03-31 - 10:34:42 AM GMT - Time Source: server
Email viewed by luisa.pretolani@the-site.org.uk
2024-04-01 - 3:49:05 PM GMT
Signer luisa.pretolani@the-site.org.uk entered name at signing as Luisa Pretolani 2024-04-01 - 3:59:57 PM GMT
Document e-signed by Luisa Pretolani (luisa.pretolani@the-site.org.uk) Signature Date: 2024-04-01 - 3:59:59 PM GMT - Time Source: server
Agreement completed.
2024-04-01 - 3:59:59 PM GMT