OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-09-30-accounts

REGISTERED COMPANY NUMBER: 02821263 (England and Wales) REGISTERED CHARITY NUMBER: 1093686

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2021

FOR

THE GUILD OF PSYCHOTHERAPISTS

Parkers 178-180 Church Road Hove, East Sussex BN3 2DJ

THE GUILD OF PSYCHOTHERAPISTS

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2021

Page
Operating and Financial Review 1
Report of the Trustees 2 to 11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14 to 15
Notes to the Financial Statements 16 to 23
Detailed Statement of Financial Activities 24 to 25

THE GUILD OF PSYCHOTHERAPISTS

OPERATING AND FINANCIAL REVIEW FOR THE YEAR ENDED 30TH SEPTEMBER 2021

Welcome to the Guild Of Psychotherapists annual report for our 47th operating year.

This has been another difficult year for the Guild, mainly as a result of the ongoing unprecedented challenges imposed by the Covid-19 pandemic.

Complying with continuing lockdown restrictions and social distancing required us to rapidly innovate and transition our clinic, psychotherapy and training operations to a remote model.

This involved members, staff, trainees and clinic patients having to embrace often unfamiliar technologies and adapt to new ways of working.

Managing this process involved a huge amount of work and I must record my sincere gratitude to my fellow council members, committee members and all at the Guild for the massive efforts made to ensure that we have been able to maintain the continuity of our clinic and training services.

During the course of the year, as these new ways of working became better established, our core committees assessed the efficacy of these new approaches with a view to incorporating them as a fundamental part of our service delivery framework going forwards.

It would be no exaggeration to say that the Guild - having gone through this difficult process - is today able to incorporate a significantly enhanced range of services which in many cases can offer new capacity to reach new clinic patients and trainees for whom our earlier systems might have been challenging.

These are ongoing initiatives within the Guild as we look forward to a future in which we are able to offer hybrid learning and innovative remote psychotherapy services to extend our footprint into the digital landscape.

The pandemic restrictions had a significant financial impact on our operating revenue model.

For the whole of this year our offices have been effectively closed. The Guild normally depends upon a significant revenue stream from the rental of rooms at the office both to members for client sessions as well as rentals to third parties. Income from our office during the year was essentially zero, whilst fixed and admin costs remained fully in place. This had the effect of transforming one of our key revenue generating assets into a pure loss.

The effect of the pandemic across society had a noticeable effect on people's emotional states, which we saw translated into strong demand for our clinic psychotherapy services. Every effort was made to reach as many clinic patients as possible, resulting in an increased overall clinic cost base.

The financial stresses thus experienced have been deeply challenging with the result that this year has seen the Guild face a significant operating loss.

In common perhaps with almost every other organisation, we did not have a specific business contingency plan to deal with the pandemic - it was unprecedented.

We therefore took the decision to draw down funds from reserves to address cashflow requirements during the year and ensure uninterrupted delivery of our core operating objectives.

As we move forward into the post pandemic landscape we are committed to continuing and building on the raft of changes that have had to be made.

We have survived through this difficult period. We are committed to maintaining an enhanced pace of change so we can take the opportunity to continue the development of the Guild into a dynamic, well organised, technologically sophisticated and connected organisation. We need to develop these qualities so as to extend our ability to deliver on our core objectives in bringing the benefits of psychotherapy to those who need it most through our low cost Clinic and continuing to offer one of the best and most respected psychotherapy training and qualification programs available.

Miranda Seymour-Smith

Page 1

THE GUILD OF PSYCHOTHERAPISTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

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 30th September 2021. 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).

Page 2

THE GUILD OF PSYCHOTHERAPISTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

OBJECTIVES AND ACTIVITIES Objectives and Achievements of the year Objectives and Achievements of the year The aims and objectives for the year 2020-2021 were as follows:

PLANNING I Administration Matters

Aim:

To maintain and improve where possible the Council's financial, administrative and communications infrastructure

Objectives for the year

Objective 1:

To maintain the Member's Affairs Committee (MAC) business plan

The Guild has again been able to maintain the recommendations of the Members' Affairs Committee (MAC) as accepted by Council and following the 2013 AGM. These include the decision to stay at 47 Nelson Square, despite the limitations of the building; the decision to review ongoing administrative, HR and building upkeep costs in value for money terms; and the plan to increase the number of trainees on the four-year Psychoanalytic Psychotherapy training. In addition, the Supervision Course and the Psychoanalytic Psychotherapy Introductory Course have been added as part of the plan to increase the number of trainees.

Objective 2:

To maintain and improve where possible the Guild's control of its finances

Council's ability to monitor expenditure and cash flow remains central to the Guild's efficient governance of its budget. The Chair, the Treasurer and the Senior Administrator have continued to ensure that up to date financial information is available and this has helped to better facilitate the day-to-day management of the Guild's finances. The Finance Committee: Treasurer, Senior Administrator, Chair of Clinic and Chair of Training are meeting regularly to monitor finances. In the year 2021 the pandemic has put pressure on our finances so regular information to Council has been paramount.

Objective 3:

To increase the Guild's income

The Guild relies on a mixture of self-generated income (membership fees, renting out rooms for psychotherapy, and training fees) along with grants and donations.

In the year the room rental and grants and donations income was significantly reduced putting more pressure on our income generating ability.

The Head of Fundraising and Development had begun implementing a four-year fundraising and development strategy (2019-2023) focusing on growing the Guild's income through grants and donations. The impact of the pandemic on our income generating plans has meant that this strategy is being reviewed.

In partnership with the Chair of the Clinic Committee, the Head of Fundraising and Development continued to plan and oversee general clinic activities and projects and overseen overall clinic outputs and client outcomes.

This has been the second challenging year for the Guild, in the wake of the Covid19 pandemic. As ever we are grateful to our past funders who have all reported that competition for available funding has been very intense affecting our ability to raise funds in this current year.

The impact on our income of the effectively two years of building closure combined with the reduced availability of grant funding have led to a major review of our fundraising strategy with an intention to target private sector sponsorship and other kinds of individual giving with perhaps less focus on grants and trusts.

Page 3

THE GUILD OF PSYCHOTHERAPISTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

The Guild's Training Committee continues to review its marketing of the courses in Psychoanalytic Psychotherapy in order to increase income through the recruitment of more trainees. This includes the development of blended learning which has the potential to increase the number of trainees who can attend. This has involved investment in improved infrastructure and improved broadband speeds.

Measures to increase diversity and inclusion of more black and minority ethnic trainees, have included setting up a bursary scheme which is being trialled in 2022.

Objective 4:

To raise the Guild's public profile and to improve communication with the public

The Guild Council has continued to develop a new organisational strategy with involvement. This has included working groups and a Guild online forum where organisational aims and objectives have been discussed and proposals for development made. A key strand of this has been a communications plan to raise the Guild's public profile and to improve communication with the public. The Race & Culture Group have been developing a seminar programme which has attracted widespread interest.

The Guild's representatives have continued to be actively engaged in the work of the CPJA section of UKCP.

Objective 5:

To maintain and improve communication with Guild members, student and trainees

The Guild Administrators have continued to provide news and information on courses, CPD events, lectures, other activities and job vacancies via the Office Bulletin.

The Guild's website and Members Forum continues to be developed in order to provide useful and relevant information of interest to Guild members, students and trainees via its members' section.

Objective 6:

To undertake the Quinquennial Review by UKCP on which our continued organisational membership of UKCP depends.

The QR review was successfully completed in June 2020. It was conducted online. Our thanks go to Council member Tania Glynn and the Guild office staff for the organisation and administration of this review.

PLANNING II

AIMS

The primary aims of the Guild are:

A. To provide a successful programme for the pluralist training of psychoanalytic psychotherapists. To provide opportunities for the further education of Guild members and students. To promote the undertaking of research.

B. To make psychoanalytic psychotherapy available to the public through the Reduced Fee Clinic, the clinical work of members and the referral service.

C.To increase access to psychological therapies in general and to the Guild's clinic and trainings in particular, from among groups under-represented in this field including BAME communities.

OBJECTIVES

A. Training, educational and research objectives, strategies and activities

The Guild's training has been established for over 40 years. All the major approaches to psychoanalytic theory and practice are represented in its programme. Applicants are required to have a graduate degree or equivalent previous experience, and will usually have professional experience of working with people.

Page 4

THE GUILD OF PSYCHOTHERAPISTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

The training comprises a 4 year taught programme during which time trainees develop their clinical practice. Upon graduation (generally within 5 years of completing the 4 year taught programme) trainees will have completed extensive in-depth work with patients under supervision, demonstrated sufficient knowledge of clinical theory and practice and presented a final paper which demonstrates the level, capacity and theoretical approach of their therapeutic work.

The Training Committee comprises experienced tutors drawn from the Guild membership as well as from other psychoanalytic organisations in order to ensure that a wide range of analytic theory is represented to highlight the pluralism enshrined in the Guild's ethos.

In keeping with the Guild's equal opportunities policy, trainees from diverse social and cultural backgrounds are encouraged to apply. While students fund their own training, we operate a scheme to support trainees in the event of hardship and a student bursary to encourage entrants on low incomes.

Guild members, students and trainees have access to the Psychoanalytic Electronic Publishing (PEP) archive, which provides online access to many journals and other resources.

Objective A1:

To provide a high standard of teaching and supervision of the trainees and students of the four-year training programme

At the beginning of the academic year 2020-2021, there were 35 trainees registered on the training course and 11 registered students. Students are those who have completed the four-year course but have yet to qualify by submitting a final paper and satisfying the Training Committee and Council as to their suitability for membership.

In the course of the year, 7 trainees successfully completed the training course and 2 students were qualified by the Training Committee and were elected to full membership of the Guild.

The feedback from trainees at the end of each term and following additional termly seminars showed high levels of satisfaction with the standards of training. An external examiner has been in place since July 2014 to ensure that standards are monitored and continue to be acceptable.

The 10-week introductory course, Introduction to Psychoanalytic Concepts, ran in the Spring term 2021 via Zoom with 11 students.

The Chair of the Training Committee is a Member of the Finance Committee.

Objective A2:

To provide a pluralist supervision course for Guild members open to those from other psychoanalytic psychotherapy trainings

The Guild's seventh Pluralist Supervision Course ran over eight Saturdays from October 2019 to November 2020. The course dates had to be extended due to the Covid 19 situation and the final sessions were provided via Zoom. The eighth Pluralist Supervision Course is taking place during 2021 - 2022.

Objective A3:

To provide a programme of continuing professional development through lectures, seminars and conferences together with a range of public events

This aspect of our work has largely been on hold during the pandemic.

AIM

B. To make psychoanalytic psychotherapy available to the public through its referral service and the Reduced Fee Clinic

OBJECTIVES

Page 5

THE GUILD OF PSYCHOTHERAPISTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

Objective B1:

To maintain the high standards of the Reduced Fee Clinic by:

The Guild's Reduced Fee Clinic, established in 1998, provides a low-cost psychotherapy service for people living in Southwark, Lambeth and Lewisham on incomes of less than £19,000 per annum. Patients are offered up to two years of weekly psychotherapy at a fee based on their financial circumstances.

The work of the Clinic is overseen and underpinned by the Chair of the Clinic Committee, Denis Echard who was elected as Chair in March 2017. The committee led by the Chair maintained the practice of revision and consolidation of Clinic policies and procedures to improve both administrative and clinical standards.

All Guild trainees take up an honorary placement in the Clinic. It is mandatory for each trainee to see at least one Clinic patient in the course of their training, and they are encouraged to take on a second patient if possible. The Student Liaison Officer and the Clinic Committee provide a comprehensive clinic induction for each trainee. This year we were fortunate to have a very keen set of first year trainees who joined the Clinic with great dedication and enthusiasm.

The Clinic Committee consists of 10 people: Chair, 6 group supervisors, 8 assessors and qualified and student therapists with the support of the Guild Administrative Secretary. This year the committee has been strengthened by a new fully qualified member and two experienced Guild Clinic supervisors. The committee meets fortnightly to oversee the management and functioning of the Clinic. Clinical presentations of assessed patients and other clinical issues which occur from time to time provide a very safe basis for stimulating and thought-provoking clinical discussions. Once term the Clinic committee members meet for a thinking space where they reflect on their practice within the Clinic in regard race and culture aspect of their work

At present the Clinic offers clinic trainee therapists supervision in five groups on Wednesday afternoons, one group on Tuesday and two groups on Thursday evenings.

The group environment offers a safe and stimulating learning environment and safeguards the clinical standards of the Clinic.

Alternatively, trainees unable to join one of the groups have an option to be supervised on an individual basis by one of the additional Guild Clinic supervisors who generously offer their service at no cost to the Clinic.

The experienced team of 6 group supervisors meets regularly in order to share feedback and foster supportive working practice within the Clinic. These meetings are open to all supervisors involved in the work of the Clinic.

The Chair of the Clinic Committee took part in the Induction Day for incoming Year 1 trainees in September and the Training Open Day in the spring and met regularly with the Training Committee. The Clinic Committee was represented at the Assessment Training Session in November 2019.

The administrative staff (Pat Blackett, Senior Administrator and Janet Wishart, Administrative Assistant) have provided invaluable support to the Clinic. They are the first port of call for patients and anyone wanting to use the Guild clinic. They also liaise with Clinic Chair for the Clinic management, external organisations and agencies. They deal effectively with administrative and financial matters and make sure that the Clinic operates smoothly on a day to day basis. The Chair is a member of the Finance Committee.

In the increasingly difficult environment of the year 2020, the Head of Fundraising and Development has raised funds for the clinic and helped oversee clinic activities, including budget and project planning, and overseeing outputs and patient outcomes.

trainees/students

Page 6

THE GUILD OF PSYCHOTHERAPISTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

Assessments: The Guild carried out X assessments between October 2020 and September 2021. Where we are unable to offer therapy, we endeavour to find suitable alternatives whenever possible including making referrals to our referral co-ordinators.

Patients: A total of X people were seen at the Guild clinic, between October 2020 and September 2021.

Objective B2:

To provide a high standard of psychotherapy in the Reduced Fee Clinic, and to increase the number of treatment places

Objectives and achievements

The Head of Fundraising and Development moved to another role at another organisation. She had worked closely with the Guild's existing funders to ensure good reporting and to ensure clear project objectives moving forwards. The Reduced Fee Clinic is continuing to seek to increase the number of patients.

In the context of vastly increased competition for charitable trust funding following the pandemic we are reviewing our approach to fundraising less on charitable grants and more on other ways of attracting private sponsorship and private giving.

Objective B3:

Reviews of the Guild's Reduced Fee Clinic Structure

The Clinic management is undertaken by the Chair of the Clinic Committee with administrative support from the office and clinical support from the Clinic Committee. The Chair of the Clinic Committee and the Finance Committee are reviewing the structure of the Clinic in light of the pressure on finances this year.

Public benefit

The section of this report above entitled 'Objectives and achievements of the year' sets out the charity's objectives and reports on the activity and successes in the year to 30 September 2020 as well as explaining the plans for the current financial year of 2020-21.

The Directors 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 charitable sector and both indirectly 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 ability to pay; and

  4. That there is no detriment or harm 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 public benefit when reviewing the Charities' main aims and objectives and in planning future activities.

STRATEGIC REPORT

Financial review

Assets policy

The principal asset of the Guild is our Grade II listed Georgian building which we hold on long lease.

Page 7

THE GUILD OF PSYCHOTHERAPISTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

STRATEGIC REPORT Financial review

Reserves policy

It is normally the policy of the Guild 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 £50,000. We have again maintained at least this level of reserves over the year. In light of the long term nature of the psychotherapy offered by the Clinic, it is now viewed that 6 months expenditure in the reserves is more prudent. The Trustees now 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 30 September 2021, our reserves fund stood at a surplus of £94,181 (as of 30 September 2020: £154,965).

The last two years has put pressure on the reserves as we have stated due to lost income. These remain determined to achieve the reserves policy of six months running costs through our revised fundraising and income generating strategy currently under review.

In this, the second year of the pandemic, the Guild's financial situation has again proved challenging due to the continued absence of room rental income. Our annual accounts show a deficit of £54,399 in 2020-21 The funds at bank decreased due to the decrease in income. The Guild's expenditure in general is fairly predictable and low and so our reserves have again helped weather the income shortfall. We remain committed to restoring the level of reserves of six months running costs.

The training intake in the autumn 2020 had 10 new trainees which we considered good given the difficulties throughout the year and the fact that the Training had to run online. As training fees make such an important contribution to revenue we are grateful to the Training Committee for all their hard work attracting trainees, publicising the training and maintaining the Guild's reputation by offering such a high standard of training. We also thank them for adapting the training so quickly to the online and blended offer.

The Guild's membership provides around one-fifth of the Guild's income through their membership fees. These fees are greatly appreciated in making the Guild's existence as an institution possible and promoting the aims of the Guild in providing support for its members, and in offering the pluralist training and psychoanalytic psychotherapy to the public.

Thanks go to all Guild members, trainees, students and staff who have worked to keep expenditures within the Guild's budget.

Finally, special thanks are due to the Guild's Senior Administrator, Pat Blackett, Clinic Administrator and Administrative Assistant Janet Wishart and Training Administrator, Mary-Ann Crumplin for their help and support.

Page 8

THE GUILD OF PSYCHOTHERAPISTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governance and organisational structure

The Guild of Psychotherapists (the Guild) was founded in 1974. The ambition of the founding members was to offer a pluralist training in psychoanalytic psychotherapy.

Today, the Guild provides a well-established training programme and runs a reduced fee psychotherapy clinic serving the local community in southeast London. It also comprises a nationwide network of almost 200 psychotherapists who participate in both the private and public sector provision of mental health services.

The therapeutic relationship offers an opportunity for people to bring to a skilled practitioner the psychological issues with which they are struggling. This process offers the individual the opportunity to tackle at depth the causes of their distress and conflict. Therapy can bring about a deeper understanding leading to new perspectives, enabling an individual to lead a richer and more satisfying life. The psychotherapeutic approach of the Guild is psychoanalytically based.

During this current year the structure, governance and management of the Guild have been the subject of an organisational review which will feed into the revised organisational strategy of the Guild.

Governing Document

The Guild was first registered as a charity on 13 July 1987, then widened its objectives and was registered again on 3 September 2002 and is a charitable limited company by a Memorandum and Articles of Association incorporated on 25 May 1993. A Special Resolution was passed on 29 April 2002 updating the company's Memorandum and Articles of Association to take on the Aims and Constitution of the Guild of Psychotherapists. The new objectives of the company are to promote through psychotherapy the relief of psychological disorders in members of the public by education, training, research and by clinical practice. A principal activity of the company since its incorporation has been the ownership and management of the property in Southwark, 47 Nelson Square, which is the headquarters of the Guild.

Governance of the Guild, recruitment and appointment of Trustees

The Guild is governed by a Council, the members of which are the Trustees who are elected by the Guild members at the Annual General Meeting. They comprise the Chair, the Honorary Secretary, the Treasurer, the Chairs of key committees and five Members' Representatives. In addition two Trainee/Student Representatives are elected by the Trainee Affairs Committee of the Guild. Collectively they form the Council of the Guild. Appointments are for a period of three years and are eligible for re-election for three years. The Council is empowered to co-opt members to fill any vacancies and also to appoint an additional two Trustees, who will serve until the next AGM.

The Chair, Honorary Secretary and Honorary Treasurer (Guild Officers) are responsible for the administration and management of the charity. The day-to-day management and administration is the responsibility of the Senior Administrator who liaises closely with the Guild Officers. During this year the Chair had to step down for personal reasons and the Honorary Treasurer assumed an Acting Chair role pending appointment of new officers. The Honorary Secretary duties were ably undertaken by members of the Council who had been former Honorary Secretary.

The training programme is managed by the Training Committee and the Guild's Reduced Fee Psychotherapy Clinic is managed by the Clinic Committee.

The Guild has a number of standing committees (Clinic, Training, Finance, Ethics, Members' Affairs and Student & Trainee Affairs Committees) and several other committees (Race and Culture Group, Premises and Library).

The Guild is thankful to all Council Members for their contribution and support for the organisation over the year without which the Guild could not function.

The Council members, who are also trustees of the charity and directors for the purpose of company law, who served during the financial year 2020-21, are as follows:

Annie Dillon Denis Echard Tania Glynn

Page 9

THE GUILD OF PSYCHOTHERAPISTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

Nicola Godwin Stan Roman (left January 2021) Miranda Seymour Smith Kate Trench

Margery Craig as UKCP Rep and Mary Mitchinson as co-opted Council member were also included in Council meetings. We would like to thank Sarah Parry and Philippa Tuckman who acted as Student Representatives during the year.

Regular budgetary control and review is exercised by the Honorary Treasurer and the Finance Committee. Committees submit regular reports on their activities to the Council and to the Annual General Meeting.

Training and induction provided for Trustees

Because trustees are appointed from the membership, and from the current group of trainees and students, they all come to the Council with some considerable knowledge of the work of the Guild. Trustees are provided additionally with:

-Copies of recent minutes and Council documents

-The Memorandum and Articles of Association and other key Guild documents

Related parties and organisations

The Guild is an Organisational Member of the United Kingdom Council for Psychotherapy (UKCP). Guild representatives play an active part in UKCP affairs, representing the Guild and the interests of its Members at a national level. The Guild adheres to the ethical guidelines and policies of UKCP.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02821263 (England and Wales)

Registered Charity number

1093686

Registered office

47 Nelson Square Blackfriars Road London SE1 0QA

Trustees

Denis Echard Tania Glynn Stan Roman (resigned 15/5/21) Kate Trench Annie Dillon Nicola Godwin Miranda Seymour-Smith

Company Secretary

Independent Examiner

Parkers 178-180 Church Road Hove, East Sussex BN3 2DJ

Page 10

THE GUILD OF PSYCHOTHERAPISTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

................................................................. Miranda Seymour-Smith - Trustee

Page 11

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GUILD OF PSYCHOTHERAPISTS

Independent examiner's report to the trustees of The Guild of Psychotherapists ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2021.

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:

  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.

Annette Watson FCA Parkers 178-180 Church Road Hove, East Sussex BN3 2DJ

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

Page 12

THE GUILD OF PSYCHOTHERAPISTS

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30TH SEPTEMBER 2021

2021
Unrestricted
Restricted
Total
funds
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
45,143
23,400
68,543
Charitable activities
Provision of facilities to psychotherapists
9,367
-
9,367
Professional training
94,987
-
94,987
Guild clinic
20,809
-
20,809
Investment income
3
17
-
17
Total
170,323
23,400
193,723
EXPENDITURE ON
Raising funds
10,664
-
10,664
Charitable activities
4
Professional Development
33,225
-
33,225
Provision of facilities to psychotherapists
49,586
-
49,586
Professional training
84,174
-
84,174
Guild clinic
53,993
16,480
70,473
Total
231,642
16,480
248,122
NET INCOME/(EXPENDITURE)
(61,319)
6,920
(54,399)
RECONCILIATION OF FUNDS
Total funds brought forward
656,165
60,865
717,030
TOTAL FUNDS CARRIED FORWARD
594,846
67,785
662,631		 2020
Total
funds
£
93,990
30,331
109,968
15,880
242
250,411
10,499
47,546
51,920
81,730
64,147
255,842
(5,431)
722,461
717,030

The notes form part of these financial statements

Page 13

THE GUILD OF PSYCHOTHERAPISTS

BALANCE SHEET 30TH SEPTEMBER 2021

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds:
General fund
Designated fund - fixed asset fund
Revaluation reserve
Restricted funds
TOTAL FUNDS		 2021
£
500,665
12,888
184,459
197,347
(35,381)
161,966
662,631
662,631
94,181
411,463
89,202
594,846
67,785
662,631		 2020
£
501,200
32,725
209,250
241,975
(26,145)
215,830
717,030
717,030
154,965
411,998
89,202
656,165
60,865
717,030

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 14

continued...

THE GUILD OF PSYCHOTHERAPISTS

BALANCE SHEET - continued 30TH SEPTEMBER 2021

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:

............................................. Miranda Seymour-Smith - Trustee

The notes form part of these financial statements

Page 15

THE GUILD OF PSYCHOTHERAPISTS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2021

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, as modified by the revaluation of certain assets.

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

Tangible fixed assets are measured at cost. Upon transition to FRS102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' the previous GAAP revaluation of the leasehold buildings was used as deemed cost.

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 cost

Long leasehold property - the residual value of the property is considered to be equal to, or in excess of its current carrying value and depreciation is therefore not provided.

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 Act 1992 are exempt from corporation tax to the extent that they are applied to its charitable activities.

Fund accounting

Unrestricted funds are general funds that are available for the use at the trustees' discretion in furtherance of the objectives of the charity.

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

Designated funds comprise funds which have been set aside at the discretion of the Council members for specific purposes. The purposes and uses of the designated funds are set out in the notes to the accounts.

Page 16

continued...

THE GUILD OF PSYCHOTHERAPISTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations and gifts
Professional membership income
Grants
The following grants made up our grant total:
City Bridge Trust - £11,400 for the BAME psychotherapy project		 2021
£
17,419
39,724
11,400
68,543		 2020
£
6,139
49,001
38,850
93,990

3. INVESTMENT INCOME

Deposit account interest
CHARITABLE ACTIVITIES COSTS
Professional Development
Provision of facilities to
psychotherapists
Professional training
Guild clinic		 Direct
Costs
£
21,631
49,586
77,173
67,192
215,582		 2021
£
17
Support
costs (see
note 5)
£
11,594
-
7,001
3,281
21,876		 2020
£
242
Totals
£
33,225
49,586
84,174
70,473		 2020
£
242
237,458

4. CHARITABLE ACTIVITIES COSTS

5. SUPPORT COSTS

Management
£
Professional
Development
5,902
Professional training
3,564
Guild clinic
1,670
11,136		 Information
Governance
Finance
technology
costs
£
£
£
376
2,570
2,746
227
1,551
1,659
106
727
778
709
4,848
5,183		 Totals
£
11,594
7,001
3,281
21,876

Page 17

continued...

THE GUILD OF PSYCHOTHERAPISTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 535 2,062

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th September 2021 nor for the year ended 30th September 2020.

None of the Council members (or any persons connected with them) received any remuneration during the year. Council members are not required to pay standard membership fees during their period in office.

Trustees' expenses

None of the Council members (or any persons connected with them) were reimbursed any expenses during the year.

8. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Support and administration
No employees received emoluments in excess of £60,000.		 2021
£
103,159
103,159
2021
5		 2020
£
103,845		 2020
£
103,845
103,845
2020
5

9. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£ £ £
COST
At 1st October 2020 and
30th September 2021 500,000 28,384 528,384
DEPRECIATION
At 1st October 2020 - 27,184 27,184
Charge for year - 535 535
At 30th September 2021 - 27,719 27,719
NET BOOK VALUE
At 30th September 2021 500,000 665 500,665
At 30th September 2020 500,000 1,200 501,200

Page 18

continued...

THE GUILD OF PSYCHOTHERAPISTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021

9. TANGIBLE FIXED ASSETS - continued

Upon transition to FRS102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' the previous GAAP revaluation of the leasehold buildings was used as deemed cost. The leasehold property was re-valued at £500,000 by Tuckerman, an independent firm of Chartered Surveyors, on 23 November 2011. The basis for valuation was open market value. The property is assessed annually by the trustees, who consider that the current market value is not materially different from its net book value. The historical cost of the property is £431,614.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income		 2021
£
12,215
673
12,888		 2020
£
26,352
6,373
32,725

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Accruals
Deferred income		 2021
£
6,825
1,436
774
26,346
35,381		 2020
£
5,191
1,191
378
19,385
26,145

12.

ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
500,665
Current assets
129,562
Current liabilities
(35,381)
594,846		 Restricted
funds
£
-
67,785
-
67,785		 2021
Total
funds
£
500,665
197,347
(35,381)
662,631		 2020
Total
funds
£
501,200
241,975
(26,145
717,030

Page 19

continued...

THE GUILD OF PSYCHOTHERAPISTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated fund - fixed asset fund
Revaluation reserve
Restricted funds
Studentship Fund
Clinic Development Fund
City Bridge Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated fund - fixed asset fund
Restricted funds
Clinic Fund
City Bridge Fund
TOTAL FUNDS		 At
1/10/20
£
154,965
411,998
89,202
656,165
9,296
5,845
45,724
60,865
717,030
Incoming
resources
£
170,323
-
170,323
12,000
11,400
23,400
193,723		 Net
movement
At
in funds
30/9/21
£
£
(60,784)
94,181
(535)
411,463
-
89,202
(61,319)
594,846
-
9,296
-
5,845
6,920
52,644
6,920
67,785
(54,399)
662,631
Resources
Movement
expended
in funds
£
£
(231,107)
(60,784)
(535)
(535)
(231,642)
(61,319)
(12,000)
-
(4,480)
6,920
(16,480)
6,920
(248,122)
(54,399)

Page 20

continued...

THE GUILD OF PSYCHOTHERAPISTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
At movement between At
1/10/19 in funds funds 30/9/20
£ £ £ £
Unrestricted funds
General fund 172,977 (16,388) (1,624) 154,965
Designated fund - fixed asset fund 411,918 (1,544) 1,624 411,998
Revaluation reserve 89,202 - - 89,202
674,097 (17,932) - 656,165
Restricted funds
Studentship Fund 9,296 - - 9,296
Clinic Development Fund 5,845 - - 5,845
City Bridge Fund 33,223 12,501 - 45,724
48,364 12,501 - 60,865
TOTAL FUNDS 722,461 (5,431) - 717,030

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fund - fixed asset fund
Restricted funds
Clinic Fund
City Bridge Fund
TOTAL FUNDS		 Incoming
resources
£
211,561
-
211,561
17,250
21,600
38,850
250,411		 Resources
Movement
expended
in funds
£
£
(227,949)
(16,388)
(1,544)
(1,544)
(229,493)
(17,932)
(17,250)
-
(9,099)
12,501
(26,349)
12,501
(255,842)
(5,431)

Page 21

continued...

THE GUILD OF PSYCHOTHERAPISTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated fund - fixed asset fund
Revaluation reserve
Restricted funds
Studentship Fund
Clinic Development Fund
City Bridge Fund
TOTAL FUNDS		 At
1/10/19
£
172,977
411,918
89,202
674,097
9,296
5,845
33,223
48,364
722,461		 Net
movement
in funds
£
(77,172)
(2,079)
-
(79,251)
-
-
19,421
19,421
(59,830)		 Transfers
between
funds
£
(1,624)
1,624
-
-
-
-
-
-
-		 At
30/9/21
£
94,181
411,463
89,202
594,846
9,296
5,845
52,644
67,785
662,631

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fund - fixed asset fund
Restricted funds
Clinic Fund
City Bridge Fund
TOTAL FUNDS		 Incoming
resources
£
381,884
-
381,884
29,250
33,000
62,250
444,134		 Resources
Movement
expended
in funds
£
£
(459,056)
(77,172)
(2,079)
(2,079)
(461,135)
(79,251)
(29,250)
-
(13,579)
19,421
(42,829)
19,421
(503,964)
(59,830)

The fixed asset fund is the net book value of the fixed assets in the balance sheet.

The Clinic fund represents funds which have been received to be used exclusively for the provision of psychotherapy for local people through The Guild of Psychotherapy Clinic.

The Studentship fund represents funds which have been received to be used exclusively for student bursaries.

The Clinic Development fund represents funds which have been received to be used exclusively for the funding of additional assessments and therapy sessions under Project 30.

The City Bridge fund represents funds which have been received to be used exclusively for the provision of psychotherapy for ethnic minorities through The Guild of Psychotherapy Clinic.

Page 22

continued...

THE GUILD OF PSYCHOTHERAPISTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2021

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th September 2021.

Page 23

THE GUILD OF PSYCHOTHERAPISTS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts
Professional membership income
Grants
Investment income
Deposit account interest
Charitable activities
Professional training
Facilities provision for psychotherapists
Guild clinic
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Other costs
Charitable activities
Wages
Other costs
Fixtures and fittings
Support costs
Management
Insurance
Telephone
Postage and stationery
Sundries
Bank interest
Finance
Bank charges
Information technology
Sundries		 2021
£
17,419
39,724
11,400
68,543
17
94,987
9,367
20,809
125,163
193,723
10,202
462
10,664
92,957
122,090
535
215,582
5,159
3,390
1,784
(200)
1,003
11,136
709
4,848		 2020
£
6,139
49,001
38,850
93,990
242
106,684
30,331
19,164
156,179
250,411
10,067
432
10,499
93,778
123,782
2,062
219,622
4,815
3,470
3,731
1,889
882
14,787
888
3,292

This page does not form part of the statutory financial statements

Page 24

THE GUILD OF PSYCHOTHERAPISTS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2021

Information technology
Governance costs
Meetings and Officers expenses
Accountancy and legal fees
Legal fees
Total resources expended
Net expenditure		 2021
£
1,524
3,346
313
5,183
248,122
(54,399)		 2020
£
3,064
3,377
313
6,754
255,842
(5,431)

This page does not form part of the statutory financial statements

Page 25