REGISTERED COMPANY NUMBER: 02944933 (England and Wales) REGISTERED CHARITY NUMBER: 1085368
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
FOR
CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH
(A COMPANY LIMITED BY GUARANTEE)
Butters Gates & Company Chartered Accountants 107 Bell Street London NW1 6TL
CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH (A COMPANY LIMITED BY GUARANTEE)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
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 31 August 2022. 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 Objectives and aims
The principal activity of the charity is:
To advance education for the benefit of the public in particular by the provision of seminars in psychoanalysis. The charity aims to disseminate psychoanalytic ideas through the form of:
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Various training programmes;
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Public lecture and seminar programmes;
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Gaining accreditation through research projects;
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Collaboration with other institutions both within the field of mental health and in the arts and humanities; and
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Maintenance of a clinical service.
Through these different routes the charity aims to pursue psychoanalytic research and education. This infrastructure assists in the development of the skills and talents of the charity's members in a supportive, learning environment that has the charity's value at its heart.
Significant activities
The Centre for Freudian Analysis and Research (CFAR) has had a good year following several challenging years during the pandemic. There was a good intake onto the Introductory Course and Psychoanalytic Studies course as we ran two courses for both programmes. We had, in total 28 students on the Introductory Course and 16 on the Psychoanalytic Studies Course in Autumn 2021.
Six new trainees joined the full training programme in September 2021. During 2021/2022 we were very pleased to have 50 trainees participating in the training programme. We consider this to be encouraging in these times when other organisations are having difficulties recruiting trainees. Public lectures and seminars have had large audiences drawn from diverse fields. Throughout Autumn 2021 to Summer 2022 we have run seminars online which has enabled CFAR to widen the possibility of attendance to those in other countries and in other parts of the UK than London.
We held an internationally attended annual conference in person and via Zoom in July 2022 on 'Harm, Abuse and Betrayal' Speakers included Katherine Angel, Devorah Baum and Jamieson Webster.
A new book in the CFAR library has been published 'What Can We Know about Sex? by Gisèle Chaboudez
Trainees and members have benefited from being signed up to the PEP web, an on-line resource which contains the largest collection of psychoanalytic publications, and thus advances the educational and the research activities of the Centre.
The reduced fee clinical service has resumed service.
CFAR's members are eligible for registration with the United Kingdom Council for Psychotherapy and our delegates to the relevant section of the UKCP (Council for Psychoanalysis and Jungian Analysis) and the Management Committee of CFAR actively engage in policy-making and the establishment of effective procedures, coherent with CFAR's ethos
Public benefit
The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2).
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CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
FINANCIAL REVIEW
Financial position
The Centre for Freudian Analysis and Research has made a profit of £7355 year on year. Income from the Introductory Course, Psychoanalytic Studies and the training fees was up on the previous year but CFAR has had to start paying for room rental again which is a significant outlay. Although not a large income source it does mean that CFAR is managing to reach more people who are interested in Lacan and the Zoom facility has meant people have been able to attend from all over the world. CFAR maintains unrestricted funds for pursuing its ordinary activities and also a restricted fund for maintaining the Low Cost Clinical Service. In 2021/2022 we managed to fund raise £1,000 towards the costs of running the Low Cost Clinic.
Investment policy and objectives
Surplus funds are held in a deposit account with Scottish Widows on which interest is received annually without deduction of tax.
Reserves policy
The Trustees have reviewed the circumstances of the charity and consider that adequate resources continue to be available to fund its activities for the foreseeable future.
The Trustees are of the view that the charity is a going concern. The trustees consider that unrestricted reserves approximating to a year's expenditure are appropriate for the charity and its continuing operations.
FUTURE PLANS
The next year is hopefully going to be a smooth running one now we have settled into the 'hybrid' format whereby people can attend public seminars both in person at Birkbeck College and via Zoom.
It is planned that The Journal of the Centre for Freudian Analysis and Research should be producing a journal at some point in 2023. CFAR is grateful for all the hard work that the JCFAR committee puts into this important publication. More seminar series have been organised and advertising, particularly via the internet, will make details of CFAR's activities known to a wider audience. CFAR has continued to be an active participant in several working groups which are coming together to cooperate about the challenges and future of psychoanalytic training. We are looking forward to continuing to grow and to be an active and influential participant in the future of psychoanalysis in this country. Through our links with other organisations we hope to increase collaboration concerning training.
More books are in the pipeline for the CFAR Library Both the journal and the other publishing activities ensure that CFAR is disseminating psychoanalytic ideas to a wide audience.
We are seeing more reading groups being set up by trainees and members which serves to enrich the culture within CFAR.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a company limited by guarantee governed by its Memorandum and Articles of Association and it is registered as a charity with the Charity Commission.
Recruitment and appointment of new trustees
One third of the number of directors (who act as trustees for the charity) retire each year at the annual general meeting and can be reappointed if willing and eligible. New directors, being voting members of the company, are invited to serve at the discretion and approval of existing board members. The total number of directors shall be no less than three nor more than eight.
Decision making
Annual budgets for all aspects of work and responsibility are agreed by the Honorary Treasurer and the Chair of the Trustees and submitted to the Board of Trustees for comment and approval prior to the commencement of each financial year. Significant amendments to agreed budgets during a financial year are discussed by the Honorary Treasurer and Chair in the first instance and then presented to the board for comment and approval or otherwise. At present, all teaching work to the charity's members is unpaid although any reasonable teaching expenses are paid e.g. travel. People teaching from outside the organisation are paid travel and accommodation costs.
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CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a risk management strategy which comprises:
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an annual review of the principal risks and uncertainties that the charity face;
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the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and
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the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02944933 (England and Wales)
Registered Charity number
1085368
Registered office
Berkeley House 15 Hay Hill London W1J 8NS
Trustees
A Black Psychoanalyst L Bosetti Psychoanalyst G Sullivan Psychoanalyst A E Worthington Psychoanalyst B Jazani Psychoanalyst G Jones Psychoanalyst
Company Secretary
P C Blackett
Independent Examiner
Butters Gates & Company Chartered Accountants 107 Bell Street London NW1 6TL
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 13 January 2023 and signed on its behalf by:
P C Blackett - Secretary
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CENTRE FOR FREUDIAN ANALYSIS AND
RESEARCH
(A COMPANY LIMITED BY GUARANTEE)
Independent examiner's report to the trustees of Centre For Freudian Analysis And Research (A company Limited by Guarantee) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022.
Responsibilities and basis of 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 statement
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Jonathan Butters FCA Butters Gates & Company Chartered Accountants 107 Bell Street London NW1 6TL
Date: .............................................
Page 4
CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 108,495 Investment income 2 6 Total 108,501 EXPENDITURE ON Raising funds 90,881 Other 9,636 Total 100,517 NET INCOME/(EXPENDITURE) 7,984 Transfers between funds 10 (629) Net movement in funds 7,355 RECONCILIATION OF FUNDS Total funds brought forward 54,562 TOTAL FUNDS CARRIED FORWARD 61,917 |
Restricted fund £ 1,000 - 1,000 1,629 - 1,629 (629) 629 - 26,027 26,027 |
31.8.22 Total funds £ 109,495 6 109,501 92,510 9,636 102,146 7,355 - 7,355 80,589 87,944 |
31.8.21 Total funds £ 121,919 207 |
|---|---|---|---|
| 122,126 | |||
| 48,724 9,745 |
|||
| 58,469 | |||
| 63,657 - |
|||
| 63,657 16,932 |
|||
| 80,589 |
The notes form part of these financial statements
Page 5
CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
31 AUGUST 2022
| 31.8.22 | 31.8.21 | ||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 98 | 131 |
| CURRENT ASSETS | |||
| Debtors | 7 | 30 | - |
| Cash at bank | 90,586 | 83,228 | |
| 90,616 | 83,228 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (2,770) | (2,770) |
| NET CURRENT ASSETS | 87,846 | 80,458 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 87,944 | 80,589 | |
| NET ASSETS | 87,944 | 80,589 | |
| FUNDS | 10 | ||
| Unrestricted funds | 61,917 | 54,562 | |
| Restricted funds | 26,027 | 26,027 | |
| TOTAL FUNDS | 87,944 | 80,589 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 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.
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 13 January 2023 and were signed on its behalf by:
A E Worthington - Trustee
The notes form part of these financial statements
Page 6
CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
1. ACCOUNTING POLICIES
Basis of preparing the 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.
Income
All income is recognised 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.
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 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
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. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.8.22 | 31.8.21 | |
| £ | £ | |
| Deposit account interest | 6 | 207 |
continued...
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CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.8.22 | 31.8.21 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 33 | 44 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 104,919 Investment income 207 Total 105,126 EXPENDITURE ON Raising funds 47,524 Other 9,745 Total 57,269 NET INCOME 47,857 Transfers between funds (1,200) Net movement in funds 46,657 RECONCILIATION OF FUNDS Total funds brought forward 7,905 TOTAL FUNDS CARRIED FORWARD 54,562 |
Restricted fund £ 17,000 - 17,000 1,200 - 1,200 15,800 1,200 17,000 9,027 26,027 |
Total funds £ 121,919 207 |
|---|---|---|
| 122,126 | ||
| 48,724 9,745 |
||
| 58,469 | ||
| 63,657 - |
||
| 63,657 16,932 |
||
| 80,589 |
continued...
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CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Fixtures | |||
| and | |||
| fittings | |||
| £ | |||
| COST | |||
| At 1 September 2021 and 31 August 2022 | 6,681 | ||
| DEPRECIATION | |||
| At 1 September 2021 | 6,550 | ||
| Charge for year | 33 | ||
| At 31 August 2022 | 6,583 | ||
| NET BOOK VALUE | |||
| At 31 August 2022 | 98 | ||
| At 31 August 2021 | 131 | ||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.8.22 | 31.8.21 | ||
| £ | £ | ||
| Other debtors | 30 | - | |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.8.22 | 31.8.21 | ||
| £ | £ | ||
| Accrued expenses | 2,770 | 2,770 |
9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
During the year £629 was transferred between unrestricted funds and restricted funds for the Low Cost Clinic Income and expenses.
10. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.9.21 | in funds | funds | 31.8.22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 54,562 | 7,984 | (629) | 61,917 |
| Restricted funds | ||||
| Restricted | 26,027 | (629) | 629 | 26,027 |
| TOTAL FUNDS | 80,589 | 7,355 | - | 87,944 |
continued...
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CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 108,501 1,000 109,501 |
Resources Movement expended in funds £ £ (100,517) 7,984 (1,629) (629) (102,146) 7,355 |
Resources Movement expended in funds £ £ (100,517) 7,984 (1,629) (629) (102,146) 7,355 |
|---|---|---|---|
| 7,355 |
Comparatives for movement in funds
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.9.20 | in funds | funds | 31.8.21 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 7,905 | 47,857 | (1,200) | 54,562 |
| Restricted funds | ||||
| Restricted | 9,027 | 15,800 | 1,200 | 26,027 |
| TOTAL FUNDS | 16,932 | 63,657 | - | 80,589 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 105,126 17,000 122,126 |
Resources Movement expended in funds £ £ (57,269) 47,857 (1,200) 15,800 (58,469) 63,657 |
Resources Movement expended in funds £ £ (57,269) 47,857 (1,200) 15,800 (58,469) 63,657 |
|---|---|---|---|
| 63,657 |
continued...
Page 10
CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
Page 11
CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH
(A COMPANY LIMITED BY GUARANTEE)
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| FOR THE YEAR ENDED 31 AUGUST 2022 | ||
| 31.8.22 | 31.8.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Sale of donated artwork | 1,000 | 17,000 |
| Subscriptions | 107,955 | 104,569 |
| Training and conferences | 540 | 350 |
| 109,495 | 121,919 | |
| Investment income | ||
| Deposit account interest | 6 | 207 |
| Total incoming resources | 109,501 | 122,126 |
| EXPENDITURE | ||
| Other | ||
| Fundraising | 9,603 | 9,701 |
| Fixtures and fittings | 33 | 44 |
| 9,636 | 9,745 | |
| Support costs | ||
| Management | ||
| Insurance | 608 | 540 |
| IT expenses | 3,507 | 1,113 |
| Postage and stationery | 1,112 | - |
| Sundries | 75 | - |
| Administration fees | 23,381 | 21,814 |
| 28,683 | 23,467 | |
| Finance | ||
| Room hire | 22,040 | 1,200 |
| UKCP | 975 | 1,325 |
| Bank charges | 148 | 120 |
| 23,163 | 2,645 | |
| Information technology | ||
| JCFAR | 2,316 | 1,998 |
| Human resources | ||
| Library,books and publications | 12,292 | 1,004 |
| Other | ||
| Publishing project | 9,657 | 4,833 |
| Carried forward | 9,657 | 4,833 |
This page does not form part of the statutory financial statements
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CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH (A COMPANY LIMITED BY GUARANTEE)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| 31.8.22 | 31.8.21 | |
|---|---|---|
| £ | £ | |
| Other | ||
| Brought forward | 9,657 | 4,833 |
| Transportation expenses | 1,938 | - |
| Training and conferences | 12,048 | 8,995 |
| 23,643 | 13,828 | |
| Governance costs | ||
| Companies house fees | 13 | (13) |
| Independent examination fees | 2,400 | 2,400 |
| Legal fees | - | 3,395 |
| 2,413 | 5,782 | |
| Total resources expended | 102,146 | 58,469 |
| Net income | 7,355 | 63,657 |
This page does not form part of the statutory financial statements
Page 13