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2022-07-31-accounts

REGISTERED COMPANY NUMBER: 06063084 (England and Wales) REGISTERED CHARITY NUMBER: 1141793

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 July 2023

for

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Contents of the Financial Statements FOR THE YEAR ENDED 31 JULY 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 14

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

In order to ensure our work delivers our aims the Board of Trustees sets out and monitors ACAT's Annual Strategic Plan. The strategic aims for each year reflect the charity's aims and objectives and are monitored as a standing item at the Board of Trustees.

The overarching aim is to educate and promote increased awareness and understanding of Cognitive Analytic Therapy ('CAT') amongst health professionals, service providers and the public.

Public benefit and main achievements

The trustees confirm that they have considered the Charity Commission's guidance on public benefit.

Who used and benefitted from our services?

CAT is available to thousands of people with mental health problems in many NHS Trusts and privately. By setting standards for ethical practice (including a complaints procedure available to those receiving CAT), regulating training in CAT and monitoring standards of supervision and continuing professional development, ACAT ensures that clients receive high quality therapies delivered by appropriately trained and updated ACAT members and trainees. At the year end, ACAT had 835 Practitioner and Psychotherapist members, 253 Trainee Members, 12 Non Practising and 6 Retired. There are also 20 Friends of ACAT. ACAT currently provides 1 Foundation Training Course, 10 Accredited Practitioner Training Courses, 1 Psychotherapy Training Course and 6 DClinPsych embedded Foundation Courses.

The Board of Trustees has established a User/Public Involvement strategy from 2012-2013. The focus goes beyond the maintenance of standards in the practice of CAT to clients receiving therapy by seeking to promote CAT's relational and humanistic understanding of distress and conflict by looking to collaborate with other charitable ventures that target vulnerable, socially excluded or disadvantaged groups. It also aims to establish a User/Carer Focus Group to provide Consultation on ACAT strategy and policies.

ACAT also seeks to broaden the experience base of the Board of Trustees with the aim that it more closely reflects the make-up of UK society. The strategy also sets out plans to sponsor both CAT therapies and CAT training for those who may otherwise be excluded from these opportunities.

The Trustees continue with their policy of providing bursaries, in certain circumstances, towards the costs of training courses and conference attendance.

FINANCIAL REVIEW

Financial position

Total reserves held at the year ended 31 July 2023 were £351,418 (2022: £329,051).

Page 1

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2023

FINANCIAL REVIEW

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 policy whereby a prudent amount of the unrestricted funds should be invested in short term deposits as available reserves to meet the working capital requirements of the charity, enabling both current activities and future plans for growth to continue in the event of any significant drop in funding.

The formal reserves policy is reviewed by the Trustees annually and, to the end of the prior year, the accumulated reserves have been retained to ensure that the charity is well placed to cope with any unforeseen financial demands.

During the year, the Trustees formed a Strategic Financial Management Group and proposed that 33% of the unrestricted funds as shown on the finalised Balance Sheet at 31 July 2022 be set aside as a designated fund for the purpose of providing sufficient funds to cover liabilities in the event that the activities of the Charity should cease. This will ensure that any future strategies for investment will be limited to the remaining unrestricted funds. The calculation was made on the reserves value at 31 July 2022 of £329,051, resulting in a transfer between funds of £108,587.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is governed by its Memorandum and Articles of Association.

Recruitment and appointment of new trustees

New trustees are recruited, as necessary, such that their particular skill sets complement the requirements of the charity.

Organisational structure

The ACAT Board of Trustees has eleven trustees at the year end. The Board meets three times a year and sets the strategic direction and policy of the charity.

Decision making

Operational management rests with the Council of Management which, in addition to meeting with the Board of Trustees three times a year, holds an additional four meetings a year by teleconference. The Chair of ACAT is responsible for the operational management of the organisation and is supported by a vice-chair and treasurer who are also trustees. The chair of ACAT manages and supports the ACAT administration manager, administrators and the Project and Liaison Officer.

Induction and training of new and continuing trustees

Trustees attend an annual Trustees away day for the purposes of induction, continuing professional development and strategic planning. Personal development plans for trustees are discussed at additional meetings for trustees preceding the board meetings which are held three times a year.

Risk management

The Board of Trustees have established a Risk Register and Risk Matrix in order to prioritise the major risks facing ACAT in the pursuance of its charitable objectives. The Risk Register is a standing item at meetings of the Board of Trustees and details controls and actions taken to mitigate risk.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06063084 (England and Wales)

Registered Charity number

1141793

Page 2

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2023

Registered office

PO Box 6793 Dorchester DT1 9DL

Trustees

J M C Emilion Chair (appointed 21.4.23) P J Dudley (Chair to 21.4.23) K L Shannon E W McCormick (resigned 21.4.23) S A Yabsley H J Batchelor (resigned 21.4.23) A Coshland R Dewshi M R Payne L Harrison K Portman E J Walton H S Stothard (appointed 21.4.23)

Company Secretary

S H White

Independent Examiner

Andrew Jordan FCA Haines Watts Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL

Bankers

National Westminster Bank plc Lambeth North Branch 91 Westminster Bridge Road London SE1 7HW

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

Approved by order of the board of trustees on 2 March 2024 and signed on its behalf by:

J M C Emilion - Trustee

Page 3

Independent Examiner's Report to the Trustees of Association for Cognitive Analytic Therapy

Independent examiner's report to the trustees of Association for Cognitive Analytic Therapy ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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.

Andrew Jordan FCA The Institute of Chartered Accountants in England and Wales

Haines Watts Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL

4 March 2024

Page 4

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 JULY 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
137,143
Charitable activities
4
CAT activities
149,855
Investment income
3
213
Other income
15,109
Total
302,320
EXPENDITURE ON
Charitable activities
5
CAT activities
279,953
NET INCOME
22,367
RECONCILIATION OF FUNDS
Total funds brought forward
329,051
TOTAL FUNDS CARRIED FORWARD
351,418		 Restricted
fund
£
-
-
-
-
-
-
-
-
-		 2023
Total
funds
£
137,143
149,855
213
15,109
302,320
279,953
22,367
329,051
351,418		 2022
Total
funds
£
127,767
225,858
10
-
353,635
279,736
73,899
255,152
329,051

The notes form part of these financial statements

Page 5

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Balance Sheet 31 JULY 2023

Unrestricted
funds
Notes
£
CURRENT ASSETS
Stocks
11
1,083
Debtors
12
38,708
Cash at bank and in hand
387,927
427,718
CREDITORS
Amounts falling due within one year
13
(76,300)
NET CURRENT ASSETS
351,418
TOTAL ASSETS LESS CURRENT
LIABILITIES
351,418
NET ASSETS
351,418
FUNDS
14
Unrestricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
-
-
-
-		 2023
Total
funds
£
1,083
38,708
387,927
427,718
(76,300)
351,418
351,418
351,418
351,418
351,418		 2022
Total
funds
£
1,010
48,079
368,008
417,097
(88,046)
329,051
329,051
329,051
329,051
329,051

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 6

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Balance Sheet - continued 31 JULY 2023

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 2 March 2024 and were signed on its behalf by:

J M C Emilion - Trustee

The notes form part of these financial statements

Page 7

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Notes to the Financial Statements FOR THE YEAR ENDED 31 JULY 2023

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.

The company is a private company limited by guarantee, incorporated in England and Wales.

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

Going concern

The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

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.

Income from membership subscriptions, training and other courses, workshops, conferences, book sales and other income is accounted for in the period to which it relates.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

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

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 8

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

1. ACCOUNTING POLICIES - continued

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. The liquid funds of bank balances are shown at their realisable values.

Debtors

Debtors comprise trade debtors and recoverable gift aid.

Creditors

Creditors comprise trade creditors, accruals and deferred income.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Membership subscriptions
3.
INVESTMENT INCOME
Bank interest received
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
ACAT training and other
courses
CAT activities
Conference income
CAT activities
Workshops
CAT activities
Book sales and other income CAT activities		 2023
£
1,270
20,259
115,614
137,143
2023
£
213
2023
£
91,602
16,790
41,388
75
149,855		 2022
£
1,120
20,393
106,254
127,767
2022
£
10
2022
£
133,972
31,620
59,191
1,075
225,858

continued...

Page 9

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

5.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
costs (see
note 6)
note 7)
£
£
CAT activities
116,781
163,172
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2023
£
ACAT supervisor training
-
ACAT training courses
69,395
Conferences
9,485
Introductory courses
-
ACAT training division
-
Workshops
36,706
Bursaries
1,195
116,781
7.
SUPPORT COSTS
Governance
Management
costs
£
£
CAT activities
149,915
13,257
Support costs, included in the above, are as follows:
Management
2023
CAT
activities
£
Salaries
63,977
Social security
134
Pensions
1,358
Sundries
683
Consultancy and other staff costs
7,340
Council and committee expenses
2,181
Rent, rates, service charges and utilities
19,789
Insurance
1,410
Printing, postage and stationery
817
Marketing
4,049
Telephone
542
Computer costs
42,363
Carried forward
144,643		 Totals
£
279,953
2022
£
6,441
70,590
28,833
9,600
27,641
29,150
8,080
180,335
Totals
£
163,172
2022
Total
activities
£
61,134
518
1,272
1,860
683
865
3,439
506
2,303
3,360
780
1,507
78,227

continued...

Page 10

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

7. SUPPORT COSTS - continued

Management - continued

Brought forward
Online library costs
Legal and professional
Subscriptions
Interest and charges
Governance costs
Consultancy
Accountancy and legal fees		 2023
CAT
activities
£
144,643
-
792
1,463
3,017
149,915
2023
CAT
activities
£
7,440
5,817
13,257		 2022
Total
activities
£
78,227
560
2,177
2,740
2,930		 2022
Total
activities
£
78,227
560
2,177
2,740
2,930
86,634
2022
Total
activities
£
8,640
4,127
12,767
12,767

8. NET INCOME/(EXPENDITURE)

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

2023 2022
£ £
Accountants' fees - Haines Watts, independent examination 1,380 1,300
Accountants' fees - Haines Watts, other services 2,695 2,814

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.

continued...

Page 11

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

9. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

Two trustees (2022 - one trustee) were reimbursed during the year for travelling expenses of £282 -(2022 - £132).

10.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administration staff
No employees received emoluments in excess of £60,000.
11.
STOCKS
Stocks
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors - gift aid
Prepayments		 2023
£
63,977
134
1,358
65,469
2023
3
2023
£
1,083
2023
£
12,318
19,915
6,475
38,708		 2022
£
61,134
518
1,272
62,924
2022
3
2022
£
1,010
2022
£
3,715
41,393
2,971
48,079

continued...

Page 12

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Unforeseen costs reserve
TOTAL FUNDS
Net movement in funds, included in the above are
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.8.22
£
329,051
-
329,051
329,051
as follows:		 Net
movement
in funds
£
22,367
-
22,367
22,367
Incoming
resources
£
302,320
302,320
At 1.8.21
£
255,152
255,152		 2023
2022
£
£
21,273
1,839
917
762
310
270
53,800
85,175
76,300
88,046
Transfers
between
At
funds
31.7.23
£
£
(108,587)
242,831
108,587
108,587
-
351,418
-
351,418
Resources
Movement
expended
in funds
£
£
(279,953)
22,367
(279,953)
22,367
Net
movement
At
in funds
31.7.22
£
£
73,899
329,051
73,899
329,051

14. MOVEMENT IN FUNDS

continued...

Page 13

ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2023

14. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
353,635
353,635		 Resources
Movement
expended
in funds
£
£
(279,736)
73,899
(279,736)
73,899

Transfers between funds

During the year £108,587 was transferred from the General Fund to a designated fund, Unforeseen Costs Reserve for the purpose of providing sufficient funds to cover liabilities in the event that the activities of the Charity should cease.

15. EMPLOYEE BENEFIT OBLIGATIONS

During the year, the charity paid into a defined contribution pension scheme. The total for the year of £1,358 (2022: £1,272) is included within expenditure in the Statement of Financial Activities.

There was £310 outstanding pension contributions at the year end (2022: £270)

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2023.

Page 14