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← British Association For Behavioural And Cognitive Psychotherapies

2022-04-30-accounts

Company Number: 04839948 Charity Number: 1098704

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2022

Ainsworths Limited Chartered Accountants and Statutory Auditors Charter House Stansfield Street Nelson Lancashire BB9 9XY

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30" April 2022

CONTENTS PAGE
Report ofthe trustees 3-14
Report ofthe independent auditors 15-19
Statement offinancial activities 20
Balance sheet 21
Cash flow statement 22—23
Notestothefinancialstatements 24—33

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES

for the year ended 30" April 2022

The trustees, who are also directors of the charitable company for the purposes of the Companies Act 2006, present their report together with the audited financial statements for the year ended 30" April 2022. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 United Kingdom and Republic of Ireland (FRS 102) (effective 1% January 2015).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered company number

04839948

Registered charity number 1098704

Registered office Minerva House Hornby Street Bury Lancashire BL9 5BN

Trustee directors The membership of the Board during the year is set out below. All served on the Board throughout the year except as otherwise stated. The company has no share capital and there were therefore no director interests.

A J Beck (President from 01/07/20) C Blowers Dr C A Brady (Resigned 09/09/21. Honorary Secretary until 09/09/21) M Brooks-Ucheaga (Resigned 10/11/21) P A Elliott S F Harper (Resigned 09/09/21) C Hughes (Honorary Secretary from 09/09/21) J McKenna (Honorary Treasurer) S Naz (Appointed 09/09/21) E Owen (Appointed 21/12/21) T Reeves P Salkovskis (Resigned 09/09/21) Dr. L Waddington (Appointed 09/09/21) S R Wilson (Appointed 09/09/21)

Key management personnel RMWhite~ - Company Secretary and Chief Executive Officer M Harwood - Finance and IT Manager L Maddox - Senior Clinical Advisor S Reynolds” - Senior Clinical Advisor M Livesey - Membership Services Manager H MacDonald - Chief Accreditation Officer

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022

REFERENCE AND ADMINISTRATIVE DETAILS (continued)

Auditors Ainsworths Limited Chartered Accountants and Statutory Auditors Charter House Stansfield Street Nelson Lancashire BB9 OXY

Bankers Virgin Money 40 Church Street Blackburn Lancashire BB1 5AW

Solicitors Bates Wells 10 Queen Street Place London EC4R 1BE

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Corporate status The company was incorporated under the Companies Act 1985 (Company number 04839948) on 21% July 2003 and took over all assets and operations of BABCP (the former unincorporated charity) on that date. The company is a private company limited by guarantee and does not have a share capital. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

The company was registered as a charity on 21% July 2003 under the provisions of the Charities Acts 1992 and 1993 (Charity number 1098704).

Governing document

The charity is governed by its Memorandum and Articles of Association, and constitutes a company, limited by guarantee, as defined by the Companies Act 2006.

Principal Activities and Objectives

The British Association for Behavioural and Cognitive Psychotherapies (BABCP) — the ‘Association’, is a multi-disciplinary interest group primarily aimed at people involved in the practice and theory of behavioural and cognitive psychotherapies.

The objectives of the Association are to advance the theory and practice of cognitive and behavioural psychotherapies by the promotion of scientific research and the application of evidence-based practice including assessment, therapy and consultancy, in a wide variety of settings in accordance with the BABCP Standards of Conduct, Performance and Ethics.

In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Organisational Structure

The trustees are each elected for a period of three or four years by the full membership of the Association. Having been elected as trustees they serve on the Board as ordinary members, President, Honorary Secretary or Honorary Treasurer. The President usually serves a one-year term as President Elect, a two-year term as President and then a further one-year term as Past President, making up a four-year term of office. Elections are held annually with usually three or four places becoming vacant each year, thus staggering replacement of trustees to provide some continuity. The Chief Executive Officer subsumes the role of Company Secretary and attends the Board as a nonvoting member.

A number of standing committees, ad-hoc committees and working groups are made up of trustees and other members of the Association and have a Board member as Chair or Co-Chair to satisfy the requirements within the Memorandum and Articles of Association. These committees and groups usually operate under specific terms of reference and with delegated functions as approved by the Board. Each committee and group have its decisions ratified by the Board. Respective committees and groups operating throughout the reporting period were:

All standing committees combine with the Board of Trustees to form a National Committees Forum (NCF), which meets twice a year in addition to the Annual General Meeting (AGM).

The trustees meet at least five times a year as a Board meeting, plus attending NCF meetings in addition to the AGM. Many committees, groups and the trustees also conduct business through suitable electronic means such as email exchanges and video conference calls. New trustees attend an induction programme. The first face-to-face business meeting for the whole Board is normally held in September. This year it was held in November following the later September start to the governance year.

Related parties

Trustees are required to declare an interest (either direct or indirect) if they are involved in any activities which may compromise their role as a trustee and a monitoring mechanism is in place. All related party transactions during the year have been disclosed in the notes to the financial statements.

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Principal risks and uncertainties

The risks and uncertainties faced by the charity include the Covid-19 (Coronavirus) pandemic, the current economic climate and changing healthcare regulation. Increasing demand and associated cost of provision of membership and registration to CBT Register (UK) are also matters requiring ongoing consideration.

Risk assessment and management

The trustees have assessed the major strategic and business risks to which the charity is exposed, in particular those related to the operational finances of the charity and are satisfied that the systems established to ensure regular reports are produced and that necessary steps can be taken to address any issues arising are sufficient to mitigate the charity's exposure to major risks. The trustees regularly perform a thorough risk assessment of all aspects of the charity's activities and implement risk management strategies where necessary.

Covid-19 impact statement

The Association previously rolled out remote working for all employees quickly following the public announcement that “working from home” was recommended for those who could manage it. Following this recommendation assessments were carried out to ensure staff could work safely from home and the means procured to make this possible. Ensuring good staff communication channels were maintained has helped mitigate against risk that might arise from remote working over a prolonged period. Awareness and maintenance of staff wellbeing is increasingly important. Surveys and other feedback indicate good staff morale was maintained and the likes of previously reduced annual absenteeism was maintained. Head Office accommodation was previously downsized, remaining within the same office complex. One staff member was furloughed over the reporting period. Every reasonable effort was made to ensure that the membership offer was not undermined due to remote working and that our obligations as a registered charity were observed.

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022

REVIEW OF THE WORK OF THE ASSOCIATION 2021/22

Overview

The Association was mindful of the strategic plan launched previously and the more immediate demands placed on it from the impact of Covid-19. The impact of Covid-19 was still reshaping and impacting the operating environments relevant to the company which remained focused largely on short-term strategy to ensure it was able to carry on operations with minimal detrimental impact until towards the end of the reporting period. Consideration was then being given to any amendments to strategy required to sustain the company over the longer term whilst accounting for change. Staff generally worked remotely from home and Head Office was downsized towards the end of the previous reporting period. One staff member was furloughed over the reporting period.

The Board fully intends to reach its realigned strategic aims and objectives whilst embracing positive change and wishes to demonstrate it is corporately responsible and takes the obligations it has to its critical stakeholders seriously. Further public representatives have been recruited to our standing committees reporting to Board. The Association has reduced packaging on member related products and provided Equality, Diversity and Inclusion training for all staff, Board and standing committee chairs. An Equality, Diversity and Inclusion Standing Committee is being formed and the Association is becoming a White Ribbon Supporter Organisation. All are examples of progress. In the coming period the Association will investigate how it might meet the challenge of being carbon neutral.

This last year has seen a continuation in annual growth in membership but the growth in the proportion of accredited members has slowed.

At the end of April 2022 there had been net growth by nearly 1,700 members over the financial year to 16,243, showing growth of nearly 9%. The previous two years rates of annual growth were around 14%. Previously, annual growth was around 5%. The growth in student members continued to 2,168, largely relative to increases in accredited courses. A total of 626 Wellbeing Practitioner members joined to gain registration to CBT Register (UK) and Ireland. The Association had entered into a collaborative agreement with the British Psychological Society regarding this provision in the previous reporting period.

At the end of April 2022 there were 9,304 accredited members, increasing from 8,243 previously. This remains at 57% of total membership, as the previous year, and shows 12% increase in accredited members. The addition of registered Wellbeing Practitioner members brings the total of organisation members on CBT Register (UK) and Ireland to 9,930. The outcome to the application to the Professional Standards Authority to attain an Accredited Voluntary Register was further delayed following changes to assessment criteria requiring a partial resubmission. The outcome is expected in the following period.

More staff were recruited to support our expanding operating schedule. The full staff complement reached 23.97 full-time equivalents (FTE) at the end of this financial year, with 0.6 additional allowance for maternity cover. The previous reporting period showed 22.35 full-time equivalents (FTE). Further recruitment is anticipated to meet the growing demands and expectations of the organisation. However, the Board are mindful of the relationship between increasing annual cost of overheads and annual financial turnover and seek to ensure cost of employment is limited to 50%.

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022

Overview (continued)

The staff structure is as follows:.

Position FTE
Chief Executive Officer 1.0
Secretary /PA 0.95
Senior Clinical Advisor 4.2
Finance and IT Manager 1.0
Head of Membership Services 1.0
Chief Accreditation Officer 0.8
Course Accreditation Manager 0.6
Course Accreditation Officers 1.47
Finance Staff 3.0
Accreditation Liaison Officers 2.6
Administration Officers 6.95
Web and IT Officers 2.0
Communications Officer 1.0
Complaints Co-ordinator 0.4
Totalstaffmembers 23.97

There are also ten Accreditors working as sub-contractors processing accreditation applications.

The demand for good quality CPD continued over the reporting period. Head Office continued organising the delivery of a core online CPD programme. Twelve webinar events attracted 2,513 registrations and there was a further 5,000 post-event online views. Branches and Special Interest Groups provided 21 online workshops attracting 960 registrations. These events are not recorded.

Several large and significant IT projects have continued to prove challenging. The CRM-based membership database has not provided the operational benefit and efficiency hoped for. The decision has been made, as the contract with the provider draws to expiry, to research the marketplace with a new specification in order to try and the longer-term strategic capability desired.

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022

FINANCIAL REVIEW

The financial year ending 30th April 2022 realised an operating surplus of nearly £700,000 (2021: £372,000). This result shows a higher surplus compared to forecast following an increase in income but a more significant decrease in expenditure than expected.

Financial income for the organisation increased to £2.248 million compared to the previous year of £1.816 million. No increases were considered by the Board for annual membership subscriptions or accreditation fees. Low level registration fees were introduced for the 626 Wellbeing Practitioner members.

The annual Summer Conference was held in Belfast, hosting the first conference in the city since the Covid-19 restrictions were lifted. The company underwrote and assisted in the organisation of the conference hosted by the Irish Association of Behavioural Cognitive Psychotherapy for the European Association of Behavioural Cognitive Therapy. Managing to deliver this four-day hybrid event to an incredibly high standard of quality was a remarkable feat. The event contributed a surplus of £56,561 though this would have been nearer a financial break-even except for Visit Belfast funding in support of the event.

Overall expenditure increased by around £104,000. This included increases in staff salary overhead of nearly £80,000 following increases in permanent staff recruitment and related support costs to meet emerging demand. The cost of rent was nearly halved as Head Office space was downsized following the Covid-19 (Coronavirus) pandemic. The cost of governance increased as Covid-19 restrictions lifted as did support costs.

Membership Subscriptions 2022/23

The Board is committed to ensuring sufficient financial reserves are accumulated to meet known obligations whilst keeping access to enough cash reserves to cover six months operating costs. In addition, further investment in staffing is required to meet demand arising for Wellbeing Practitioner registration and wider accreditation, to support and enhance the complaints service, improve online offer and website presence and developa governance model. The economic climate proves difficult for many charitable and not-for-profit sector operators due to the legacy of the Covid-19 (Coronavirus) pandemic and the impact of rising inflation. The organisation remains committed to providing a membership package reflecting good value-for-money and of increasing public benefit. The Board is not proposing any increase in membership subscriptions for 2022-2023 for a third consecutive year. All annual rates of membership subscription will again remain unchanged. Therefore, the standard full annual membership subscription will remain at £82.00. The Board believes the organisation continues to offer a membership package that is good value for money and significantly lower than can be found in other comparable organisations.

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022 FINANCIAL REVIEW (continued)

Investments Selection Policy

After taking financial advice and in accordance with the Articles of Association, the trustees invested £50,000 in long term investment funds in August 2007. £15,000 was invested with Kames Ethical Equity Fund (which evolved into Aegon Ethical Equity Fund) and £35,000 was invested with F&C Stewardship Income Fund (which evolved into BMO Responsible UK Income Fund). The trustees considered that the charity needed to achieve long-term capital appreciation and income. The Board will continue to reinvest the accumulated balance on both investment accounts until a situation is reached where the Board wishes to use the income from the investment as required. In the year to 30th April 2022 the value of investments decreased by £954 following an increase of 16,884 in the previous year.

The ethical investment policy agreed by the trustees is:

The company adopts an ethical investment policy, which is in line with its responsibilities as a registered charity, and which complements the aims and objectives of the organisation. In this respect it seeks to invest with companies who have proven socially responsible portfolios and to have its investments managed by financial advisors who are ethically led with a demonstrable record of sound financial control and planning.

The remaining funds fluctuate throughout the year and are held in interest-bearing deposit accounts.

During the year as these funds fluctuate, it is agreed by the trustees that the money could be invested on the Money Market for fixed short-term periods (seven days upwards, but more usually for three-month terms) to attract higher interest rates and to meet their requirements to generate income and secure capital values. The Finance Manager, in consultation with the Honorary Treasurer, will accordingly decide the amount and period of investment to allow sufficient funds to remain in the current accounts for immediate use.

Grant-Making Policy

During 2010 a Research Fund was set up with the ultimate objective of making grants for research relevant to the objectives of the Association. The trustees have previously approved such grants after inviting applications from members. There were no new research grants approved over the financial years’ 2017-2018 to 2021-2022.

Although the Research Grant remained unavailable in 2021-2022 the Board is planning to relaunch this fund for the application of members in the charity's 50th anniversary year.

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022 ee ee ee ee ee ee

ee

FINANCIAL REVIEW (continued)

Reserves

The trustees have reviewed the level of free reserves, which are unrestricted funds not invested in fixed assets held by the charity. They are satisfied that the level of reserves is adequate to comfortably cover six months expected operating costs if needed.

At the end of the financial year the amount of reserves was £1,616,861 (2021: £918,326). At the same date there were no designated funds.

Funding

The trustee directors are satisfied that the charity's assets are adequate to fulfil its obligations. The main source of funding continues to be annual subscriptions from members. Accreditation fees are also charged to those members who apply for this recognition. Membership subscriptions may be increased with membership approval to meet the costs of additional or expanded member services or to support planned future activity. The trustee directors carefully consider what level of subscriptions and fees members will accept without withdrawing from membership. The charity has exceeded a 92 per cent renewal rate for the last 11 years and more new members join each year than are required to cover organisational costs though costs are ever increasing due to extending the membership offer and inflationary pressures.

Accreditation fees are charged at rates to ensure the overall cost of providing accreditation services is comfortably covered. The trustees review these costs and can adjust these fees accordingly. Registration fees are taken over the period to permit recognition of CBT Register (UK) for low intensity workers for the first time.

Selling of advertising through the Association’s media is another supplementary revenue stream. The trustees are seeking to increase the availability of robust and sustainable income streams that are in keeping with the objects of the organisation through launching appropriate forms of accreditation or registration to CBT Register (UK), special advertising supplements and advertising through the internet and social media.

Public benefit

The trustees are confident that the charity offers services of real and practical use to the local and national population and therefore complies with the responsibility placed on all charities under the Charities Act 2011 to demonstrate a public benefit.

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022 eeee ee STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland. The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the surplus or deficit arising for the period. In preparing those financial statements, the trustees should follow best practice and are required to:

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (continued) for the year ended 30" April 2022

AUDITORS

The auditors, Ainsworths Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

SMALL COMPANY EXEMPTION

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

CHARITY REQUIREMENTS

This report has been prepared in accordance with the requirements set down by the Charities SORP (FRS 102).

ON BEHALF OF THE TRUSTEE DIRECTORS

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Director/Trustee J MckKENNA
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Director/Trustee A J BECK
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Dated: 5" December 2022

Dated: 5th December 2022

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

Opinion

We have audited the financial statements of the British Association for Behavioural and Cognitive Psychotherapies (the charitable company) for the year ended 30" April 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) ee

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities set out on page 13, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

Our responsibilities for the audit of the financial statements (continued)

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements, but compliance with which may be fundamental to the company's ability to operate.

Audit response to risks identified As a result of performing the above our procedures to respond to the risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s trustees those matters we are required to state to them in the Auditor's Report and for no other purpose, To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mcraol us

Michael Heys (Senior Statutory Auditor)

for and on behalf of Ainsworths Limited Chartered Accountants

and Statutory Auditors

Charter House Stansfield Street Nelson Lancashire BB9 9XY

Dated: 6th February 2023

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 30" April 2022

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||||||||| |---|---|---|---|---|---|---|---| |Notes|2022|2021| |£|s| |INCOME:| |Income|from|charitable|activities:| |Membership|subscriptions|1,128,946|990,255| |Accreditations|872,332|681,023| |Branch|events|and workshop|bookings|86,301|1,284| |Other|income|from|charitable|activities|2|56,561|84,562| |Income|from|trading|activities:| |Activities|for|generating|funds|3|100,625|55,664| |2,244,765|1,812,788| |Investment|income|2,549|2,061| |Other|incoming|resources|414|1,538| |TOTAL INCOMING|RESOURCES|2,247,728|1,816,387| |EXPENDITURE:| |Costs|of|raising|funds|4,|81,291|75,115| |Expenditure|on|charitable|activities|5|1,466,948|1,368,957| |TOTAL RESOURCES|EXPENDED|1,548,239|1,444,072| |NET|INCOME/(EXPENDITURE)|6|699,489|372,315| |OTHER|RECOGNISED|GAINS/(LOSSES)| |Unrealised|(loss)/gain|on|revaluation|of investment|assets|(954)|16,884| |NET MOVEMENT|IN FUNDS|__698,535|___ 389,199|

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The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities and is of an unrestricted nature.

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BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) (COMPANY NUMBER 04839948) BALANCE SHEET as at 30" April 2022

Notes 2022 2021
£ £ £ £
FIXED ASSETS
Intangible fixed assets 9 37,759 67,299
Tangible fixed assets 10 16,251 17,194
Investments 11 89,872 90,826
143,882 175,319
CURRENT ASSETS
Debtors and prepayments 12 198,562 184,224
Cash at bank and in hand 2,335,913 1,562,214
2,534,475 1,746,438
LIABILITIES
Creditors falling due within one year 13 1,061,496 1,003,431
NETCURRENTASSETS/(LIABILITIES) 1,472,979 743,007
TOTALASSETS LESS CURRENT
LIABILITIES 1,616,861 918,326
CREDITORS
Amounts falling due after more than one year - -
NETASSETS 1,616,861 918,326
THE FUNDS OF THE CHARITY
Unrestricted income funds:
Designated 14 - -
General 15 1,616,861 918,326
TOTALCHARITYFUNDS 15 1,616,861 918,326

The trustees have prepared the financial statements in accordance with Section 398 of the Companies Act 2006 and Section 138 of the Charities Act 2011. Furthermore, these financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard 102 (effective 1S' January 2015). The financial statements were approved by the Board of Trustees on the 5" of December 2022. Signed on behalf of the Board of Trustees a J Mekeqnak Directat/Trustee AJ BEck The notes on pages 22 to 33 form part of these accounis.

21

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) (COMPANY NUMBER 04839948)

CASH FLOW STATEMENT

for the year ended 30" April 2022

==> picture [426 x 237] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Notes|2022|2021| |£|£| |Cash|flows|from|charitable|activities| |Cash|generated|from|activities|1|779,520|520,577| |Bank|interest|received|2,549|2,061| |Net|cash|from|charitable|activities|782,069|522,638| |Cash|flows|from|investing|activities| |Purchase|of tangible|fixed|assets|(8,370)|(16,439)| |Net|cash|from|investing|activities|(8,370)|(16,439)| |Increase/(Decrease)|in|cash|and|cash|equivalents|773,699|506,199| |Cash|and|cash|equivalents|at beginning|of year|2|1,562,214|1,056,015| |Cash|and|cash|equivalents|at end|of year|2|2,335,913|1,562,214|

----- End of picture text -----

22

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) (COMPANY NUMBER 04839948)

CASH FLOW STATEMENT NOTES for the year ended 30" April 2022

  1. RECONCILIATION OF SURPLUS/(DEFICIT) TO CASH GENERATED FROM ACTIVITIES
2022 2021
£ £
Surplus/(Deficit) forthe year 698,535 389,199
Depreciation charges 38,853 35,869
Loss on disposal offixed assets
Bank interest received
Decrease/(Increase) in value of investments		 -
(2,549)
954		 -
(2,061)
(16,884)
735,793 406,123
(Increase)/Decrease in trade and other debtors (14,338) (44,251)
Increase/(Decrease) in trade and other creditors 58,065 158,705
Cashgeneratedfromcharitableactivities 779,520 520,577

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30" April 2022

Year endedended Year endedended 30" April 2022
30.04.22 01.05.21
£ £
Cash and cash equivalents 2,335,913 1,562,214
Yearended ended 30" April 2021 30.04.21 01.05.20
£ E
Cash andcashequivalents 1,562,214 1,056,015

23

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30" April 2022

A

t. ACCOUNTING POLICIES

Company information

The British Association for Behavioural and Cognitive Psychotherapies is a charitable company limited by guarantee, incorporated in England and Wales. The Company number and registered office can be found in the Trustees report.

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards.

The financial statements have been prepared on a going concern basis which assumes that the company will be able to meet its liabilities as they fall due. Although these financial statements cover a period which has included Covid-19 (Coronavirus) lockdowns the company has still generated a profit and the trustees are confident in the current and future operating performance of the charity. However, there is an uncertainty in respect of any future Covid-19 (Coronavirus) lockdowns and whether the government will continue to provide any ongoing support. Despite the uncertainty the trustees have concluded that the charity will continue to be a going concern for the foreseeable future, being a period of more than twelve months following the approval of these financial statements.

As a consequence the financial statements continue to be prepared on a going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with 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 United Kingdom and Republic of Ireland (FRS 102) (effective 1% January 2015) ~ (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

The British Association for Behavioural and Cognitive Psychotherapies meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income is the amount derived from ordinary activities and is stated after trade discounts, other sales taxes and net of Value Added Tax.

Membership subscriptions and accreditations are accounted for when due. All such income is deferred when it is received in advance of the period to which it relates.

All other income is recognised on an accruals basis, with income relating to events after the year end being deferred.

24

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30" April 2022

a. ACCOUNTING POLICIES (continued)

Resources expended

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.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management and administration of the charity.

All support costs are allocated between the activity expenditure categories on a basis designed to reflect the use of the resource. Support costs are apportioned on an appropriate basis e.g. time spent, floor areas, or estimated usage.

Grants Payable

Each year the charity makes grants for research to be carried out into behavioural and cognitive psychotherapies. Any liability is only recognised when an obligation arises.

Branch transactions

Branch transactions are included in full in the financial statements.

Intangible fixed assets and amortisation

Intangible fixed assets represent expenditure developing the website and membership database. Amortisation is provided so as to write off the cost of the asset, less its estimated residual value, over its expected useful life of as follows:

==> picture [277 x 24] intentionally omitted <==

Assets under construction are only depreciated when they become operational.

Tangible fixed assets and depreciation

All tangible fixed assets are capitalised at cost. Depreciation is provided so as to write off the cost of an asset, less its estimated residual value, over its expected useful life as follows: Office equipment 15% reducing balance basis Computer equipment 50% reducing balance basis

Investments

Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on any revaluations or disposals throughout the year.

25

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30° April 2022

1. ACCOUNTING POLICIES (continued)

Taxation

The company is a registered charity and is therefore exempt from Income Tax and Corporation Tax under the provisions of Section 505(1) of the Income and Corporation Taxes Act 1988.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee directors.

Designated funds are unrestricted funds which have been designated for specific purposes by the trustee directors.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pensions costs and other post-retirement benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the Statement of Financial Activities.

Operating leases

Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price.

Significant judgements and accounting estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the Balance Sheet date and the amounts reported for revenue and expenses during the year. However, the nature of estimation means that actual outcomes could differ from these estimates.

The main area of estimation is in respect of accruals and the useful lives of fixed assets. The depreciation rates used can be identified in the fixed asset accounting policy above.

26

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30" April 2022

2. OTHER INCOME FROM CHARITABLE ACTIVITIES

==> picture [450 x 178] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2022|2021| |£|£| |National|conference/Workshop|event|surpluses/(deficits)|56,561|84,562| |Other|7|z| |56,561|84,562| |3.|INCOME|FROM|ACTIVITIES|FOR GENERATING|FUNDS| |2022|2021| |£|£| |Advertising,|flyers|and|inserts|100,088|54,988| |Professional|services|rendered|537|676| |100,625|55,664|

----- End of picture text -----

4, SUPPORT COSTS

The association allocates its support costs on a basis consistent with the use of resources, as shown in the table below.

==> picture [421 x 270] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Costs|of| |raising|Charitable|Governance|2022|2021| |funds|__|activities|costs|TOTAL|TOTAL| |£|£|£|£|£| |Travel,|accommodation|and| |subsistence|-|10,025|1,640|11,665|(318)| |Printing|and|publishing|-|68,700|-|68,700|48,073| |Hire|charges|53|1,010|-|1,063|1,488| |Staff costs|(see|note|7)|50,408|957,760|-|1,008,168|928,192| |Stationery|4|79|-|83|642| |Postage and|distribution|2,306|43,808|-|46,114|40,095| |Rent|2,151|40,861|-|43,012|82,651| |Insurance|659|12,528|-|13,187|8,233| |Audit|fees|-|-|5,500|5,500|5,500| |Accountancy|services|-|3,053|-|3,053|4,474| |Repairs|and|renewals|3,642|69,205|~|72,847|80,302| |Software/computer supplies|2,872|54,570|-|57,442|33,020| |Telephone|1,595|30,303|-|31,898|28,589| |Bank charges|2,365|21,283|-|23,648|13,714| |Bad|and|doubtful|debts|-|-|-|-|-| |Amortisation|14,770|14,770|-|29,540|26,200| |Depreciation|466|8,847|~|9,313|9,669| |Loss|on|disposal|-|-|-|-|-| |TOTAL|SUPPORT COSTS|81,291|1,336,802|7,140|1,425,233|1,310,524|

----- End of picture text -----

2

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30" April 2022

==> picture [455 x 202] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |5.|EXPENDITURE|ON|CHARITABLE|ACTIVITIES| |2022|2021| |£|£| |Grants|payable|-|-| |Event|costs|17,607|6,671| |Publicity|-|-| |Professional|fees|68,112|89,202| |Legal|fees|20,592|25,192| |Support|costs|(see|note|4)|1,336,802|1,229,909| |Governance|costs|(see|note|4)|7,140|5,500| |Sundry|expenses|16,695|12,483| |1,466,948|1,368,957| |6.|NET|INCOME|FOR THE YEAR|

----- End of picture text -----

==> picture [422 x 128] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |The|income|for the|year|is|stated|after|charging:| |2022|2021| |£|£| |Auditors’|remuneration:| |Audit|services|5,500|5,500| |Non-audit|services|3,053|4,474| |Amortisation|of|intangible|fixed|assets|29,540|26,200| |Depreciation|of owned|tangible|assets|9,313|9,669| |Loss|on|disposal|of owned|tangible|assets|-|-| |Pension|costs|90,538|83,483|

----- End of picture text -----

28

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30" April 2022

  1. STAFF COSTS

Staff costs during the year were as follows:

2022 2021
£ Ee
Wages and salaries 840,558 757,482
Social security 77,072 67,227
Pensions 90,538 83,483
Agency staff costs - 20,000
1,008,168 928,192

The average number of staff employed by the charity (including trustee directors but excluding agency staff) during the year was:

excluding agency staff) during the year was:was:
2022 2021
Number Number
Trustee directors 10 10
Provision of charitable services 28 26
38 36

The emoluments of one member of staff, including benefits in kind, was within the range £60,000 to £69,999 (2021: One within the range £60,000 - £69,999), not including retirement benefits which are accruing under a defined benefit scheme.

The emoluments of one member of staff, including benefits in kind, was within the range £70,000 to £79,999 (2021: None within the range £70,000 - £79,999), not including retirement benefits which are accruing under a defined benefit scheme.

The key management personnel of the charity comprise the trustee directors, the company secretary and the finance manager. The total remuneration of key management personnel during the year was £135,088 (2021: £123,192).

  1. TRUSTEE DIRECTORS AND CONNECTED PERSONS

No trustee director received any remuneration in the year, directly or indirectly, from the charitable company.

The charity reimbursed travel expenses incurred by 8 (2021: 0) trustee directors during the year amounting to £2,533 (2021: £Nil).

29

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30" April 2022

9. INTANGIBLE FIXED ASSETS
Website
and portal Membership
costs database TOTAL
£ £ £
Cost:
At 1% May 2021 110,134 115,818 225,952
At 30" April 2022 110,134 115,818 225,952
Depreciation:
At 18 May 2021 52,592 106,061 158,653
Charge for the year 24,661 4,879 29,540
At30April 2022 77,253 110,940 188,193
Net book value at30" April 2022 32,881 4,878 37,759
Net book value at 30" April 2021 57,542 9,757 67,299
10. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment TOTAL
£ £ £
Cost:
At 18May2021 7,848 73,642 81,490
Additions 800 7,570 8,370
At 30" April 2022 8,648 81,212 89,860
Depreciation:
At 18May2021 3,743 60,553 64,296
Charge forthe year 648 8,665 9,313
At 30" April 2022 4,391 69,218 73,609
Netbook value at30April 2022 4,257 11,994 16,251
Netbookvalueat30"April2021 4,105 13,089 17,194

30

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30" April 2022

11. INVESTMENTS
2022 2021
£ £
Valuation broughtforward at 1* May 2021 90,826 73,942
Net (loss)/gain/ on revaluation (954) 16,884
Valuationcarriedforwardat30"April2022 89,872 90,826

The investment is in a UK open ended investment company, held to provide an investment return for the charity.

  1. DEBTORS
12. DEBTORS
2022 2021
£ £
Trade debtors 97,419 75,254
Other debtors 5,332 11,070
Prepayments and accrued income 95,811 97,900
198,562 184,224
13. CREDITORS:Amountsfallingduewithinoneyear 2022 2021
£ £
Trade creditors 34,408 26,372
Accruals 45,205 55,261
Deferred income 928,307 878,531
Social security and othertaxes 38,060 28,069
Other creditors 15,516 15,198
1,061,496 1,003,431
The movement in deferred income is analysed as follows:
2022 2021
£ £
Deferred income broughtforward 878,531 744,698
Amounts released from previous years (878,531) (744,698)
Income received this yeardeferred to lateryears 928,307 878,531
Deferredincomecarriedforward 928,307 878,531

Deferred income relates to subscriptions and accreditations relating to post year end periods as well as branch events and workshops that were invoiced for but had not yet taken place at the year end.

31

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30" April 2022

14. DESIGNATED FUNDS

==> picture [421 x 118] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Research|Branch|TOTAL| |fund|funds| |7a|£:|£| |At|18 May 2021|~|-|-| |Incoming|resources|69,419|141,319|210,738| |Resources|expended|-|(25,339)|(25,339)| |Transfers|between|funds|(69,419)|(115,980)|(185,399)| |At|30° April April|2022|-|-|-|

----- End of picture text -----

At 30° April April 2022

Name of fund Research fund:

Branch funds:

Description, nature and purposes of the fund

Established for the provision of grants to third parties to carry out research relevant to the objectives of the Association. In 2019 the Board decided to withdraw the Research Fund and resolved that this fund effectively represented free reserves and be classified as such.

This represents the surplus of income over expenditure arising from branch events held. It represents free reserves and is effectively classified as such.

==> picture [451 x 130] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |15.|UNRESTRICTED|FUNDS| |Designated|General|TOTAL| |funds|fund| |£|a|£| |Funds|at|1%|May|2021|-|918,326|918,326| |Incoming|resources|210,738|2,036,990|2,247,728| |Resources|expended|(25,339)|(1,522,900)|(1,548,239)| |Profit/(Loss)|on|revaluation|of investment assets|-|(954)|(954)| |Transfers|between|funds|(185,399)|185,399|-| |Funds|at|30"|April|2022|-|1,616,861|1,616,861|

----- End of picture text -----

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

==> picture [410 x 104] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Designated|=|General|=|TOTAL| |funds|fund| |£|£|£| |Fixed|assets|-|143,882|143,882| |Current|assets|-|2,534,475|2,534,475| |Creditors|falling|due|within|one|year|-|(1,061,496)|(1,061,496)| |-|1,616,861|1,616,861|

----- End of picture text -----

32

BRITISH ASSOCIATION FOR BEHAVIOURAL AND COGNITIVE PSYCHOTHERAPIES (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

for the year ended 30" April 2022

  1. THE FUNDS OF THE CHARITY
THE FUNDS OF THE CHARITY
2022
£
At 1%May2021 918,326
Surplus forthe year 698,535
At30"April2022 1,616,861
  1. OPERATING LEASE COMMITMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022 2021
Land and Land and
buildings
£		 Other
£		 buildings
E		 Other
£
Expiring:
Within oneyear
Between two and five years		 31,992
-		 -
-		 29,076
-		 1,488
970
31,992 ” 29,076 2,458
  1. OTHER COMMITMENTS

As at 30" April 2022 the Association was committed to pay grant awards totalling £Nil (2021: £Nil) in respect of research activities being carried out by third parties. All such grant awards will be met from the Educational Activities fund, a designated fund established for this specific purpose.

  1. POST BALANCE SHEET EVENTS

There have been no significant events affecting the financial statements since the balance sheet date.

  1. TRANSACTIONS WITH TRUSTEE DIRECTORS

No trustee director or other related party was a party to any transaction with the trustee directors during the year except as disclosed in note 8 on page 29.

  1. CONTROLLING RELATED PARTY

The trustee directors are the controlling related party by virtue of their office in the Company.

  1. COMPANY LIMITED BY GUARANTEE The company is limited by guarantee and does not have a share capital. The liability of each member by way of their guarantee to the company is to contribute a sum not exceeding £10 to the assets of the company if so required on the winding up of the company.

At 30" April 2022 there were 16,243 (2021: 14,274) members.

33