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2025-08-31-accounts

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

Company registration number 02944933 (England and Wales) Charity registration number 1085368 (England and Wales)

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A Worthington
B Jazani
J G Jones
Dr L Bosetti
A Black
Secretary Miss Patricia Blackett
Country of incorporation United Kingdom 02944933
(England and Wales)
Charity registration England and Wales 1085368
Independent examiner AEL Markhams Ltd
2nd Floor
201 Haverstock Hill
London
England
NW3 4QG

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 13

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

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:

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.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

The Centre for Freudian Analysis and Research (CFAR) has had a good year for training although we have made a small financial loss. There was a good intake onto the Introductory Course and Psychoanalytic Studies course continuing to run two courses for both programmes. We had, in total 29 students on the Introductory Course and 14 on the Psychoanalytic Studies Course in Autumn 2024.

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.

The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2).

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance

Significant activities and achievements against objectives

Eleven new trainees joined the full training programme in September 2024. During 2024/2025 we were very pleased to have 59 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 2024 to Summer 2025 we have continued to run seminars in person and 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 conference in person and via Zoom in July 2025 on ‘Structures of Love: Psychoanalytic Perspectives’. Speakers included Luca Bosetti, Gwion Jones, Rik Loose, Catherine Millot, Kristina Valendinova.

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 continued offering low fee analysis.

Financial review

Reserves policy

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will 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. This level of reserves has been maintained throughout the year.

Structure, governance and management

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.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

A Worthington

B Jazani

J G Jones Dr L Bosetti A Black

Recruitment and appointment of 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.

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees' report was approved by the Board of Trustees.

.............................. Miss Patricia Blackett Company Secretary

23 April 2026 | 4:56 PM BST

Date: .............................................

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CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

I report to the Trustees on my examination of the financial statements of Centre For Freudian Analysis And Research (the Charity) for the year ended 31 August 2025.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

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 that in any material respect:

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 financial statements to be reached.

AEL Markhams Ltd

2nd Floor 201 Haverstock Hill London England NW3 4QG 24 April 2026 | 9:57 AM BST Date: ............................

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Other trading activities
3
122,967
3,700
Investments
4
1,297
-
Total income
124,264
3,700
Expenditure on:
Raising funds
5
5,886
-
Charitable activities
6
120,153
(865)
Other material
expenditure
-
-
Other expenditure
11
-
4,565
Total expenditure
126,039
3,700
Net income/(expenditure) and
movement in funds
(1,775)
-
Reconciliation of funds:
Fund balances at 1 September
2024
133,355
3,151
Fund balances at 31 August
2025
131,580
3,151
Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
126,667
118,125
5,000
1,297
1,781
-
127,964
119,906
5,000
5,886
4,557
-
119,288
105,416
3,151
-
-
(3,151)
4,565
-
1,849
129,739
109,973
1,849
(1,775)
9,933
3,151
136,506
123,422
-
134,731
133,355
3,151
Total
2024
£
123,125
1,781
124,906
4,557
108,567
(3,151)
1,849
111,822
13,084
123,422
136,506

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

BALANCE SHEET

AS AT 31 AUGUST 2025

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
Other creditors
15
Net current assets
Total assets less current liabilities
The funds of the Charity
Restricted income funds
16
Unrestricted funds
17
2025
£
7,000
130,460
137,460
2,770
£
41
134,690
134,731
3,151
131,580
134,731
2024
£
7,030
132,191
139,221
2,770
£
55
136,451
136,506
3,151
133,355
136,506

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

23 April 2026 | 4:41 PM BST

The financial statements were approved by the Trustees on .........................

.............................. A Worthington Trustee

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

Centre For Freudian Analysis And Research is a private company limited by guarantee incorporated in England and Wales. The registered office is .

1.1 Basis of preparation

The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from other trading activities

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Membership
subscriptions and
sponsorships
120,978
-
Fundraising events
-
3,700
Sponsorships and social
lotteries
1,989
-
Other trading activities
122,967
3,700
Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
120,978
116,203
-
3,700
-
5,000
1,989
1,922
-
126,667
118,125
5,000
Total
2024
£
116,203
5,000
1,922
123,125

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,297 1,781
5 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Seeking donations, grants and legacies 5,886 4,557
6 Expenditure on charitable activities
Charitable Charitable
expenses expenses
2025 2024
£ £
Direct costs
Room Hire 37,001 36,491
UKCP 1,199 975
JFCAR 2,620 1,820
Publishing project 1,643 3,850
42,463 43,136
Share of support and governance costs (see note 7)
Support 74,065 62,791
Governance 2,760 2,640
119,288 108,567
Analysis by fund
Unrestricted funds 120,153 105,416
Restricted funds (865) 3,151
119,288 108,567

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

7 Support costs allocated to activities

Depreciation
Insurance
IT expenses
PPS and sundries
Administration fees
Bank charges
Subscriptions, library, books and publications
Transportation expenses
Training and conferences
Governance costs
Analysed between:
Charitable expenses
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
2025
£
14
540
4,337
366
24,786
1,354
1,415
6,406
33,616
3,991
76,825
76,825
2025
£
2,760
14
2024
£
18
518
3,865
400
23,741
1,292
1,259
5,074
26,624
2,640
65,431
65,431
2024
£
-
18

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

10 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2025 2024
Number Number
Total - -
There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

11 Other expenditure

Restricted Restricted
funds funds
2025 2024
£ £
Room Hire 4,565 1,849

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

Fixtures and
fittings
£
Cost
At 1 September 2024 6,681
At 31 August 2025 6,681
Depreciation and impairment
At 1 September 2024 6,626
Depreciation charged in the year 14
At 31 August 2025 6,640
Carrying amount
At 31 August 2025 41
At 31 August 2024 55
14
Debtors
Amounts falling due within one year:
Other debtors
15
Other creditors falling due within one year
Accruals and deferred income
2025
£
7,000
2025
£
2,770
2024
£
7,030
2024
£
2,770

Docusign Envelope ID: 9EADE641-A2DE-4AA5-A98E-21F54DE05CC8

CENTRE FOR FREUDIAN ANALYSIS AND RESEARCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Incoming Resources At 31 August At 31 August
September resources expended 2025
2024
£ £ £ £
3,151 3,700 (3,700) 3,151
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2024
2023
£ £ £ £
- 5,000 (1,849) 3,151

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 Incoming Resources At 31 August
September resources expended 2025
2024
£ £ £ £
General funds 133,355 124,264 (126,039) 131,580
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2024
2023
£ £ £ £
General funds 123,422 119,906 (109,973) 133,355

18 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).