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2023-08-31-accounts

Company no. 04794982 Charity no. 1107684

The Research Society for Process Oriented Psychology (UK) Ltd Report and Unaudited Financial Statements 31 August 2023

The Research Society for Process Oriented Psychology (UK) Ltd

Reference and administrative details

For theyear ended 31 August 2023
Company number 04794982
Charity number 1107684
Registered office and 27 Old Gloucester Street
operational address London
WC1N 3AX
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
M Fitter (appointed 1 September 2022)
M Gent
O Hughes (resigned 13 March 2023)
F Khokhar (appointed 21 July 2023)
A Spencer
Company secretary S Karia
Bankers The Co-Operative Bank Plc
P.O Box 250
Skelmersdale
WN8 6WT
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

The Research Society for Process Oriented Psychology (UK) Limited

Report of the trustees

For the year ended 31 August 2023

The trustees present their report along with the financial statements of the charity for the year ended 31 August 2023.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 11 June 2003 and registered as a charity on 18 January 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

The organisation is managed by the RSPOPUK Committee (subsequently referred to as the management committee), which is made up of its trustees, non-trustee role holders and other committee members.

The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.

Financial review

The results for the year show an unrestricted surplus of £14,805.

Principal funding sources

The principal funding sources for the charity are currently by way of training income from seminars and courses carried on in furtherance of the charity’s objectives.

Reserves policy

The trustees have examined the charity’s requirements for reserves in light of the main risks to the organisation. It has established a general policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure, based on 2023 expenditure this would be between £63,360 and £126,720. The charity’s unrestricted general reserves at year end were £99,762, within the policy targets.

The trustees have also agreed that these parameters may be varied based on an annual risk management exercise carried out as part of the annual review of the Business Plan.

The school is growing, there is increasing demand for the education it offers. It has invested in curriculum development and teaching capacity to enable this expansion and, in line with its diversity values, has set up a bursary system to increase the diversity of access to the training.

The strategy is to continue to build reserves slowly through planned operating surpluses. In the short term, the trustees have considered the extent to which existing activities and expenditure could be curtailed, should circumstances make it necessary.

2

The Research Society for Process Oriented Psychology (UK) Limited

Report of the trustees

For the year ended 31 August 2023

Objectives and activities

The charity's objects and principal activities are to:

Achievements and performance

Leadership

During this period, we have continued our gradual transition in the management of the school to a new school structure based on a holocratic / sociocratic system. The implementation of the new school structure started in January 2022, and had largely replaced the steering group model from May 2022. During this financial year, the circles gradually have taken on more responsibilities and tasks and new circles have been populated and started working.

The new structure has involved devolving responsibility to small groupings or “circles” which have oversight and accountability for defined tasks and decisions. For example, the finance and remuneration committee has oversight of decisions relating to financial principles and processes and the bursary committee has responsibility for awarding bursaries. Regular meetings with standing agendas ensure that circles have the opportunity to report into the core faculty circle and also the school coordination circle. Along with the RSPOPUK committee and the council of elders circle, these four circles have the overall oversight of the organisation. Each circle has a lead link who is the liaison person and is responsible for communicating with other circles. The new circles are also designed to harness the collective wisdom of our membership by involving students and alumni in the some of the circle processes.

Report on activities curriculum and programme

The programme for the academic year (2022-23) was implemented with shared learning opportunities for all students as well as focused learning for students in phase 1 and phase 2 and students following the Worldwork or the psychotherapy diploma tracks.

Throughout the curriculum, we are continuing to build awareness of the long-standing and pervasive nature of structural racism and structural discrimination, in order to develop skills that are needed to facilitate within the communities where we live and work. This year we have offered classes on disability awareness and class discrimination as well as continued focus on racism. In the next year we will continue this by offering classes on misogyny and sexism, racism and homophobia.

One year course and new diploma cohort

The school portal has been redeveloped and expanded to support students to now track their study progress with their study committees and to ease our administrative procedures. The portal is accessible to all students and faculty members and contains all the vital school documents.

One year course and new diploma cohort

We ran a successful one year training (Awareness Matters) with 21 students during the year. From this, eight students applied to, were accepted onto and started the diploma training in September 2023.

3

The Research Society for Process Oriented Psychology (UK) Limited

Report of the trustees

For the year ended 31 August 2023

External moderator and external examiner

Bogna Szymkiewicz (a very experienced Processwork diplomate and co-founder of the first Processwork school in Poland) joined us during the year as external examiner, examining our phase 2 exams.

We are still looking for an appropriate person to be our external moderator.

Exams

We had two phase 1 exam sittings during the year, with six students progressing to phase 2 of their studies over this period.

We held the phase 2 exams in person in London during the summer term of 2023. The candidates all performed well, and all four graduated from the diploma. Congratulations to them all.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

4

The Research Society for Process Oriented Psychology (UK) Limited

Report of the trustees

For the year ended 31 August 2023

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 11 December 2023 and signed on their behalf by

M J Fitter

Mike Fitter - Trustee

5

Independent examiner's report

To the trustees of

The Research Society for Process Oriented Psychology (UK) Ltd

I report to the trustees on my examination of the accounts of The Research Society for Process Oriented Psychology (UK) Ltd (the charitable company) for the year ended 31 August 2023, which are set out on pages 7 to 16.

Responsibilities and basis of report

As the trustees of the charitable 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 charitable 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 the charitable company'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

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 11 December 2023 Rob Wilson FCA Member of the ICAEW

For and on behalf of: Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

6

The Research Society for Process Oriented Psychology (UK) Ltd

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 August 2023

For the year ended 31 August 2023
Restricted Unrestricted
Note
£
£
Income from:
Donations
552
-
Charitable activities
3
-
267,246
Total income
552
267,246
Expenditure on:
Raising funds
-
126
Charitable activities
1,000
252,315
Total expenditure
4
1,000
252,441
5
(448)
14,805
Reconciliation of funds:
Total funds brought forward
10,565
84,957
Total funds carried forward
10,117
99,762
Net income / (expenditure) and net
movement in funds		 2023
Total
£
552
267,246
267,798
126
253,315
253,441
14,357
95,522
109,879		 2022
Total
£
587
225,060
225,647
72
228,063
228,135
(2,488)
98,010
95,522

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 12 to the accounts.

7

The Research Society for Process Oriented Psychology (UK) Ltd

Balance sheet

As at 31 August 2023

Note
Current assets
Debtors
8
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
9
Net current assets
Net assets
11
Funds
12
Restricted funds
Unrestricted funds
General funds
Total charity funds		 £
17,312
144,579
161,891
(52,012)		 2023
£
109,879
109,879
10,117
99,762
109,879		 2022
£
2,953
123,744
126,697
(31,175)
95,522
95,522
10,565
84,957
95,522

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 11 December 2023 and signed on their behalf by

M J Fitter

Mike Fitter - Trustee

8

The Research Society for Process Oriented Psychology (UK) Ltd

Notes to the financial statements

For the year ended 31 August 2023

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Research Society for Process Oriented Psychology (UK) Ltd 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.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income received in advance of provision of course delivery is deferred until criteria for income recognition are met.

d) Funds accounting

e) Expenditure and irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

f) Allocation of support and governance costs

9

The Research Society for Process Oriented Psychology (UK) Ltd

Notes to the financial statements

For the year ended 31 August 2023

1. Accounting policies(continued)

f) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

g) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

h) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

i) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

j) Accounting estimates and key judgements

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

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

There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

10

The Research Society for Process Oriented Psychology (UK) Ltd

Notes to the financial statements

For the year ended 31 August 2023

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Charitable activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income and net movement in funds
3.
Income from charitable activities
Annual fees and levies
Events
Total income from charitable activities		 Restricted
£
£
552
35
-
225,060
552
225,095
-
72
5,224
222,839
5,224
222,911
(4,672)
2,184
2023
Total
£
6,464
260,782
267,246
Unrestricted		 2022
Total
£
587
225,060
225,647
72
228,063
228,135
(2,488)
2022
Total
£
7,289
217,771
225,060

In the current and prior periods all income from charitable activities was unrestricted.

11

The Research Society for Process Oriented Psychology (UK) Ltd

Notes to the financial statements

For the year ended 31 August 2023

4. Total expenditure

Raising
funds
£
Events
-
Post holder fees
-
Faculty development
-
Other expenses
-
Website and publicity
126
Legal and professional
-
UKCP membership
-
Office costs
-
Insurance
-
Bank charges
-
Office rent and rates
-
Sub-total
126
Allocation of support and governance costs
-
Total expenditure
126
Total governance costs were £2,580 (2022: £2,340)
Prior period comparative
Raising
funds
£
Events
-
Post holder fees
-
Insurance
-
Office costs
72
Office rent and rates
-
Legal and professional
-
UKCP membership
-
Other expenses
-
Website and publicity
-
Faculty development
-
Bank charges
-
Sub-total
72
Allocation of support and governance costs
-
Total expenditure
72		 £
£
161,897
-
45,196
-
19,679
-
-
18,315
-
2,235
-
2,353
1,722
-
-
1,126
-
612
-
180
-
-
228,494
24,821
24,821
(24,821)
253,315
-
Charitable
activities
£
£
148,952
-
59,127
-
5,297
-
-
4,736
-
3,808
-
2,828
1,475
-
750
54
-
494
401
-
-
141
216,002
12,061
12,061
(12,061)
228,063
-
Charitable
activities
Support and
governance
costs
Support and
governance
costs		 2023 Total
£
161,897
45,196
19,679
18,315
2,361
2,353
1,722
1,126
612
180
-
253,441
-
253,441
2022
Total
£
148,952
59,127
5,297
4,808
3,808
2,828
1,475
804
494
401
141
228,135
-
228,135

12

The Research Society for Process Oriented Psychology (UK) Ltd

Notes to the financial statements

For the year ended 31 August 2023

5. Net movement in funds

This is stated after charging:

Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination (including VAT)		 2023
£
Nil
Nil
2,580		 2022
£
Nil
Nil
2,340

6. Staff costs and numbers

The charity does not employ any staff, contracting workers on a freelance basis.

The key management personnel of the charitable company comprise the trustees, none of whom are remunerated.

7. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

13

The Research Society for Process Oriented Psychology (UK) Ltd

Notes to the financial statements

For the year ended 31 August 2023

8.
Debtors
Trade debtors
Prepayments
9.
Creditors : amounts due within 1 year
Trade creditors
Accruals
Deferred income (see note 10)
10. Deferred income
At 1 September 2022
Deferred during the year
Released during the year
At 31 August 2023		 2023
£
3,842
13,470
17,312
2023
£
19,675
2,580
29,757
52,012
2023
£
17,843
29,757
(17,843)
29,757		 2022
£
2,953
-
2,953
2022
£
10,992
2,340
17,843
31,175
2022
£
28,155
17,843
(28,155)
17,843

Deferred income relates to fees received in advance of course delivery.

14

The Research Society for Process Oriented Psychology (UK) Ltd

Notes to the financial statements

For the year ended 31 August 2023

11. Analysis of net assets between funds

Analysis of net assets between funds
Current assets
Current liabilities
Net assets at 31 August 2023
Prior period comparative
Current assets
Current liabilities
Net assets at 31 August 2022		 £
10,117
-
10,117
£
10,565
-
10,565
Restricted
funds
Restricted
funds		 £
151,774
(52,012)
99,762
£
116,132
(31,175)
84,957
General
funds
General
funds		 Total
funds
£
161,891
(52,012)
109,879
Total
funds
£
126,697
(31,175)
95,522

15

The Research Society for Process Oriented Psychology (UK) Ltd

Notes to the financial statements

For the year ended 31 August 2023

12. Movements in funds

At 1
September
2022
Income
£
£
£
Restricted funds
10,565
552
(1,000)
Total restricted funds
10,565
552
(1,000)
General funds
84,957
267,246
(252,441)
Total unrestricted funds
84,957
267,246
(252,441)
Total funds
95,522
267,798
(253,441)
Purposes of restricted funds
Unrestricted funds
Edna Holt Memorial
Bursary Fund
Edna Holt Memorial
Bursary Fund
Expenditure
A fund consisting of charitable donations
UK bursaries.		 £
£
-
10,117
-
10,117
-
99,762
-
99,762
-
109,879
Transfers
between
funds
At 31
August 2023
used to fund Processwork

Prior period comparative

Prior period comparative
Restricted funds
Worldwork Fund
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds
Edna Holt Memorial
Bursary Fund		 At 1
September
2021
£
5,224
10,013
15,237
82,773
82,773
98,010		 Income
£
-
552
552
225,095
225,095
225,647		 £
(5,224)
-
(5,224)
(222,911)
(222,911)
(228,135)
Expenditure		 £
£
-
-
-
10,565
-
10,565
-
84,957
-
84,957
-
95,522
Transfers
between
funds
At 31 August
2022
10,565
84,957
84,957
95,522

13. Related party transactions

There were no related party transactions in the current or prior period.

16