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 2024
for
ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Contents of the Financial Statements FOR THE YEAR ENDED 31 JULY 2024
| 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 2024
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 2024. 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 845 Practitioner and Psychotherapist members, 288 Trainee Members, 10 Non Practising and 7 Retired. There are also 21 Friends of ACAT. ACAT currently provides 11 Accredited Practitioner Training Courses, 1 Psychotherapy Training Course and 7 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 2024 were £303,149 (2023: £351,418).
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Report of the Trustees FOR THE YEAR ENDED 31 JULY 2024
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.
In the prior 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 in the prior year.
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
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Report of the Trustees FOR THE YEAR ENDED 31 JULY 2024
Registered office
Bath House 6-8 Bath Street Bristol BS1 6HL
Trustees
J M C Emilion Chair P J Dudley (resigned 4.10.24) K L Shannon S A Yabsley A Coshland R Dewshi M R Payne L Harrison (resigned 19.7.24) K Portman (resigned 15.11.23) E J Walton (resigned 19.7.24) H S Stothard H Gamble (appointed 22.7.24) S Vearnals (appointed 19.7.24) A Benson (appointed 19.7.24) S Black (appointed 19.7.24)
Company Secretary
S H White
Independent Examiner
Matthew Bracher FCA Gravita 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 25 March 2025 and signed on its behalf by:
J M C Emilion - Trustee
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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 2024.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Matthew Bracher FCA The Institute of Chartered Accountants in England and Wales
Gravita Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL
26 March 2025
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 JULY 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 21,073 Charitable activities 4 CAT activities 254,419 Investment income 3 3,346 Other income 3,600 Total 282,438 EXPENDITURE ON Charitable activities 5 CAT activities 330,707 NET INCOME/(EXPENDITURE) (48,269) RECONCILIATION OF FUNDS Total funds brought forward 351,418 TOTAL FUNDS CARRIED FORWARD 303,149 |
Restricted fund £ - - - - - - - - - |
2024 Total funds £ 21,073 254,419 3,346 3,600 282,438 330,707 (48,269) 351,418 303,149 |
2023 Total funds £ 21,529 265,469 213 15,109 |
|---|---|---|---|
| 302,320 | |||
| 279,953 | |||
| 22,367 329,051 |
|||
| 351,418 |
The notes form part of these financial statements
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Balance Sheet 31 JULY 2024
| Unrestricted funds Notes £ CURRENT ASSETS Stocks 11 1,075 Debtors 12 43,556 Cash in hand 391,200 435,831 CREDITORS Amounts falling due within one year 13 (132,682) NET CURRENT ASSETS 303,149 TOTAL ASSETS LESS CURRENT LIABILITIES 303,149 NET ASSETS 303,149 FUNDS 14 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
2024 Total funds £ 1,075 43,556 391,200 435,831 (132,682) 303,149 303,149 303,149 303,149 303,149 |
2023 Total funds £ 1,083 38,708 387,927 427,718 (76,300) 351,418 351,418 351,418 351,418 351,418 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Balance Sheet - continued 31 JULY 2024
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 25 March 2025 and were signed on its behalf by:
J M C Emilion - Trustee
The notes form part of these financial statements
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Notes to the Financial Statements FOR THE YEAR ENDED 31 JULY 2024
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.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily available from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised 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.
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.
continued...
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2024
1. ACCOUNTING POLICIES - continued
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.
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, prepayments and recoverable gift aid.
Creditors
Creditors comprise trade creditors, other creditors, accruals, deferred income and social security and other taxes.
2. DONATIONS AND LEGACIES
3.
| Donations Gift aid INVESTMENT INCOME Bank interest received |
2024 £ 1,111 19,962 21,073 2024 £ 3,346 |
2023 £ 1,270 20,259 |
|---|---|---|
| 21,529 | ||
| 2023 £ 213 |
continued...
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2024
4. INCOME FROM CHARITABLE ACTIVITIES
| 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 Membership subscriptions CAT activities |
2024 £ 59,083 43,565 40,726 44 111,001 254,419 |
2023 £ 91,602 16,790 41,388 75 115,614 |
| 265,469 |
Income from Membership Subscriptions in the prior year has been reclassified as charitable activity income in line with the nature of the income and the accounting policy.
5. CHARITABLE ACTIVITIES COSTS
| 5. CHARITABLE ACTIVITIES COSTS |
|||
|---|---|---|---|
| CAT activities 6. DIRECT COSTS OF CHARITABLE ACTIVITIES ACAT training and development costs Conferences Workshops Bursaries |
Direct Costs (see note 6) £ 139,473 |
Support costs (see note 7) £ 191,234 2024 £ 87,561 38,402 13,510 - 139,473 |
Totals £ 330,707 |
| 2023 £ 69,395 9,485 36,706 1,195 |
|||
| 116,781 |
continued...
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2024
7. SUPPORT COSTS
| Governance Management costs £ £ CAT activities 181,698 9,536 Support costs, included in the above, are as follows: Management 2024 CAT activities £ Salaries 72,507 Social security 784 Pensions 1,614 Sundries 1,985 Consultancy and other staff costs 10,939 Council and committee expenses 3,820 Rent, rates, service charges and utilities 22,103 Insurance 1,026 Printing, postage and stationery 801 Marketing 7,259 Telephone 931 Computer costs 50,772 Legal and professional 1,531 Subscriptions 1,975 Interest and charges 3,651 181,698 Governance costs 2024 CAT activities £ Consultancy 6,643 Accountancy and legal fees 2,893 9,536 |
Totals £ 191,234 2023 Total activities £ 63,977 134 1,358 683 7,340 2,181 19,789 1,410 817 4,049 542 42,363 792 1,463 3,017 149,915 2023 Total activities £ 7,440 5,817 13,257 |
|---|---|
continued...
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2024
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Accountants' fees - Haines Watts, independent examination | 1,400 | 1,380 |
| Accountants' fees - Haines Watts, other services | 1,493 | 2,695 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.
Trustees' expenses
Two trustees (2023 - two trustees) were reimbursed during the year for travelling expenses of £163 -(2023 - £282). One trustee (2023 - none) was reimbursed £100 for case study marking fees.
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 |
2024 £ 72,507 784 1,614 74,905 2024 3 2024 £ 1,075 |
2023 £ 63,977 134 1,358 |
|---|---|---|
| 65,469 | ||
| 2023 3 2023 £ 1,083 |
continued...
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2024
| 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors - gift aid Other debtors Prepayments 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income 14. MOVEMENT IN FUNDS At 1.8.23 £ Unrestricted funds General fund 351,418 TOTAL FUNDS 351,418 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 282,438 TOTAL FUNDS 282,438 |
2024 2023 £ £ 1,680 12,318 19,553 19,915 3,600 - 18,723 6,475 43,556 38,708 2024 2023 £ £ 18,694 21,273 1,206 917 418 310 112,364 53,800 132,682 76,300 Net movement At in funds 31.7.24 £ £ (48,269) 303,149 (48,269) 303,149 Resources Movement expended in funds £ £ (330,707) (48,269) (330,707) (48,269) |
|---|---|
continued...
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ASSOCIATION FOR COGNITIVE ANALYTIC THERAPY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2024
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Unforeseen costs reserve TOTAL FUNDS |
At 1.8.22 £ 329,051 - 329,051 329,051 |
Net movement in funds £ 22,367 - 22,367 22,367 |
Transfers between funds £ (108,587) 108,587 - - |
At 31.7.23 £ 242,831 108,587 |
|---|---|---|---|---|
| 351,418 | ||||
| 351,418 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 302,320 302,320 |
Resources Movement expended in funds £ £ (279,953) 22,367 (279,953) 22,367 |
Resources Movement expended in funds £ £ (279,953) 22,367 (279,953) 22,367 |
|---|---|---|---|
| 22,367 |
15. EMPLOYEE BENEFIT OBLIGATIONS
During the year, the charity paid into a defined contribution pension scheme. The total for the year of £1,614 (2023: £1,358) is included within expenditure in the Statement of Financial Activities.
There was £418 outstanding pension contributions at the year end (2023: £310)
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2024.
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