OpenCharities

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

2020-03-31-accounts

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

COMPANY NO: 08238969 CHARITY NO: 1150806

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

CONTENTS

Page
Reference and Administrative Details 2
Report 5
Independent Auditor
s Report		 28
Statement of Financial Activities 31
Balance Sheet 32
Statement of Cash Flows 33
Notes to the Financial Statements 34

1

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

REFERENCE AND ADMINISTRATIVE INFORMATION

The Company was formed on 3 October 2012 and commenced operations on 1 April 2013 on which date the activities and assets of the British Association of Psychotherapists, the Lincoln Clinic and Centre for Psychotherapy and the London Centre for Psychotherapy were merged through transfer to this newly formed company.

Directors

The board members who served as directors since 1 April 2019 were as follows:

Julian Lousada (chair) Resigned 23 November 2019 Jean Carr Appointed as Chair 24 November 2019 Hansjorg Messner Resigned 23 November 2019 Ferelyth Watts Deborah Abrahams Resigned 23 November 2019 Robin Smith Resigned 11 January 2020 Hester McFarlan Solomon Eleanor Mongey Appointed 24 November 2019 Mary Pat Campbell Appointed 24 November 2019 Stewart Cowley Appointed 13 December 2019 and Resigned 29 September 2020 Chief Executive Officer Michael Owen, Interim CEO from May 2018 Principal & Registered Office 37 Mapesbury Road London NW2 4HJ Charity Registration No. 1150806 Company No. 08238969

2

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

Bankers

Investment managers

The Co-operative Bank P.O.Box 250 Skelmersdale Lancs WN8 6WT Nationwide Building Society Kings Park Road Moulton Park Northampton NN3 6NW CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Sarasin & Partners LLP Juxon House 100 St. Churchyard London EC4M 8BU

CCLA Senator House 85 Queen Victoria London EC4V 4ET

Triodos Bank Deanery Road Bristol BS1 5AS

3

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

Auditor

Auditor Knox Cropper LLP Chartered Accountants 65 Leadenhall Street London EC3A 2AD Solicitors Russell-Cooke 2 Putney Hill Putney London SW15 6AB Bates Wells 10 Queen Street Place London EC4R 1BE

4

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

The Trustees, who are the trustees of the charitable company for the purpose of charity law and directors for the purpose of company law, present their statutory report together with the financial statements of the British Psychotherapy Foundation ( for the year ended 31 March 2020.

The (the charity) is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association dated 03 October 2012 which was amended at a General Meeting on 13 December 2014 and recently on 19 July 2019. It is registered as a charity with the Charity Commission.

This report has been prepared in accordance with Part VIII of the Charities Act 2011 and constitutes a report for the purposes of company law.

The financial statements have been prepared in accordance with the principal accounting policies set out on pages 34 and 35 and comply with the Memorandum and Articles of Association, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102 second edition).

The objects of the Charity (the are for the public benefit to preserve the mental health and relieve mental distress particularly through psychotherapy in all or any of its aspects by:

The charity met its objectives during the period.

Organisational and decision making structure

The board has overall responsibility for the charity and meets regularly to ensure the affairs of the charity were effectively managed. It holds additional meetings to address specific strategic and governance matters. It delegates day-to-day operational management to a Chief Executive Officer, who is assisted by full and part time staff and volunteers in delivering the activities.

5

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

The organisational and decision making structure which the board provided gave a firm basis on which to fulfil these objectives efficiently and professionally. The board has overall responsibility for the effective governance and strategic direction of the organisation. The board delegates the day-to-day responsibility for running the Charity to the CEO and the staff team, who also work closely with a number of member-based committees and working groups.

During the 2019/20 year the Board continued the services of an experienced interim CEO, Mike Owen, to manage further development and change in the organisation, particularly focussing on consolidating further improvement in the financial performance.

Psychotherapy training is conducted across three psychotherapy disciplines: Psychoanalytic Psychotherapy; Jungian Analysis; and Child and Adolescent Psychotherapy. Three training programmes rooted in each of these disciplines are primarily delivered via three specific associations within the , with wider cross-disciplinary training programmes also offered by the

The board ensures it has the systems and procedures in place to be able to properly exercise its responsibilities and authority over the activities of its associations.

Relationships with stakeholders and partners

The main stakeholders of the organisation are its professional psychotherapists and trainee psychotherapy members, students on its MSc courses and patients. Other stakeholders are people who participate in courses, events and conferences and funders. The major funders are Health Education England (HEE) which funds the child and adolescent training, and London University (Birkbeck College), which funds the MSc in Psychodynamics of Human Development. The clinical doctorate offered to those undertaking the Child and Adolescent Training is in partnership with the Anna Freud National Centre for Children and Families and University College London (UCL). The has a partnership with the University of Exeter for an MSc in Psychological Therapies Practice and Research (Psychodynamic/Psychoanalytic Therapy) which then leads into the Qualifying Training in Psychodynamic Psychotherapy or Qualifying Training in Psychoanalytic Therapy.

Members are qualified psychotherapists, retired psychotherapists and trainee psychotherapists. There were 562 members at 31 March 2020. Qualified members are registered with the British Psychoanalytic Council (BPC) or the Association of Child Psychotherapists (ACP) and fully conform to their requirements. Jungian analysts are also members of the International Association for Analytical Psychology (IAAP). Child and Adolescent psychotherapy trainees work within the NHS usually in funded posts and are eligible for NHS work on qualification.

6

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

Members receive a regular e-newsletter with information about developments and activities in the organisation and relevant events for professionals. They also receive regular mailings and invitations to attend members' meetings where matters of topical importance were discussed. Such regular communication helps to ensure that the membership is informed and up to date with internal and external activities and developments.

Contribution of Volunteers

Significant numbers of members contribute generously of their time and expertise in a voluntary capacity to deliver education and trainings, to provide CPD activities for members and to provide a range of public engagement activities. These contributions are important in enabling the to retain its standing in the world of psychotherapy and to contribute to the work of the BPC. These members bring a wide array of expertise as they include not only psychotherapists but also workers in a variety of professions including medicine, psychology and academia or in other organisations such as the private sector and the public services such as the NHS and social services.

The vision

The s vision is of a society in which psychotherapy is available to everyone who needs it to promote their emotional well-being and mental health.

The mission

The mission is to be a vibrant professional organisation, providing access to psychotherapy information and treatment for the public, comprehensive support to our members, and education and training to the next generation of psychotherapists. It aims to ensure that its activities:

Public Benefit

The meets its requirement for public benefit by training psychotherapists who help to alleviate the mental and psychological distress of members of the public. The also offers low cost psychotherapy for members of the public who would not normally be able to afford these treatments. The trustees are mindful of the Charity guidance on public benefit when planning its activities.

7

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

The aims to achieve public benefit through the following:

8

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

Objectives, Achievements, Impact and Future Plans

Objectives

The aim is to promote, provide and increase, for the benefit of the public, the knowledge and skills relating to the of psychotherapy and thereby to relieve mental distress and improve mental wellbeing. To achieve this it provides training and post-qualification opportunities for people wanting to practice as psychotherapists. Its members are registered with and regulated by the British Psychoanalytic Council or the Association of Child Psychotherapists. The seeks to advance psychotherapy as a profession in all or any of its aspects through training and development of individual psychotherapists as well as liaison with other statutory and voluntary organisations in this field.

The also provides psychotherapy to members of the public, including a Low Fee service for people who might not otherwise be able to access psychotherapy services. The also provides courses for continuous professional development of psychotherapists and other professional and mental health practitioners, together with events and courses aimed at giving an understanding of psychotherapy and its application.

Activities & Achievements

MEMBERSHIP AND EDUCATION

There are three associations within covering a range of modalities with specific training and career paths: Independent Psychoanalytic Child & Adolescent Psychotherapy Association; British Jungian Analytic Association; and Psychoanalytic Psychotherapy Association.

Independent Psychoanalytic Child & Adolescent Psychotherapy Association (IPCAPA)

9

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

British Jungian Analytic Association ( BJAA):

10

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

Psychoanalytic Psychotherapy Association ( PPA)

s:

There have been 25 PPA members working across the four PPA training committees. In the last year, 3 members have stepped down from committees and 3 new members have joined.

There have been 39 PPA trainees during this period. This includes 4 new trainees for the January 2020 cohort, and 2 new MES trainees.

6 trainees qualified during this year

43 training patients have been treated during this period. This equates to a total of nearly 6,000 low fee clinical hours that have been provided by our trainees to members of the public.

The Covid epidemic and consequent lockdown introduced toward the end of March 2020 is likely to impact on the progression of a number of trainees, particularly as the BPC was advising that while trainees could continue to work with existing patients in mediated (online or telephone) therapy, trainees should not begin seeing a new training patient through mediated therapy. This means that a number of trainees who had approval to start with a training patient were unable to start, and many hoping to be approved will have to wait to start with a training patient. This unfortunately also means that we have had to close applications from possible Reduced Fee Scheme patients.

We hope that we will be able to be flexible in our approach, to ensure that the impact on trainees will be mitigated as far as possible.

The Rolling programme of theory seminars, introduced in 2018, bought together trainees in years 2 4. The new curriculum introduces a broad range of contemporary subjects including diversity, eating disorders, neurodevelopmental disorders and psychoanalysis and neuroscience. It is being closely monitored and as it draws closer to the end of its first cycle of 3 years, it is clear that it has been well received and is working well. The curriculum is constantly under review, to ensure that it covers all the key areas adequately and offers a range of to trainees.

11

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

While trainees in their 5[th] or subsequent years of training and MES trainees are not usually required to attend theory seminars, many of these trainees who are more advanced in their training have opted to attend some of the modules offered.

The corresponding year of training which provides a pre-clinical year of fundamental theory and clinical introduction is attended by Year One trainees and is now well established and working well.

All trainees attend clinical seminars (in smaller (usually year)) groups for the duration of their training.

With the help of Marketing Officer, we were able to introduce on-line seminars across the course towards the end of the spring term and anticipate that this will continue through the summer term, with all seminars being conducted remotely during the course of the lockdown. This has also encouraged us to think about the possibility of offering our training to more people who live some distance from London, as it is clear that we are able to offer a good part of the training remotely, and are now more able to think about the possibility of offering a (part in-person, part remote) training for people who cannot travel into London on a weekly (or sometimes 2x weekly) basis through the course of their training.

The PPA Training Open Evening in November 2019 attracted substantial interest with about 50 members of the public enjoying an evening hearing about the experience of working as a psychoanalytic psychotherapist and what is involved in the training to become one. We are noticing a more diverse age range with more people under the age of 30 expressing interest. We are also seeing a slight increase in the diversity of the people attending these events, and recognise the need to do more to increase diversity in the training and hence in the membership of the organisation.

We continue to enjoy a good deal of interest in the training. There is also a significant level of interest from people who have done other psychotherapy trainings previously (child and adolescent, couples, psychodynamic) in the Modified Entry Scheme.

On average, each month, our selection advisors speak to between 4 6 new members of the public interested in training and preparing for training. Yet more speak to a member of office staff and receive information directly about bpf introductory courses.

This was the third year of the , which ran over 2 terms.

12

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

The PPA combined with the BJAA to establish an which began in September 2018 with a group of 9. This group provides an opportunity for members of the public who might be considering training to experience the process of using psychoanalytic and Jungian concepts to understand their work relationships at a deeper level. This course has continued, receiving excellent feedback and it is proposed that it will continue.

Since the Chair of Training had announced her intention to stand down at the end of 2019, a working party was established to formalise the Committee terms of reference, the job description and person specification for the role of Chair and began a search for a suitable replacement. The new Chair was appointed in April and began a two term period of handover, formally taking over as Chair in January 2020.

In addition to the new Chair, the Training committee welcomed two new members: a new curriculum lead, who has been working tirelessly in reviewing the curriculum, ensuring key areas (traditional and new) are covered; and a new tutor much needed and appreciated because of the number of trainees and the loss of tutor members of the Training Committee in previous years.

Two annual established last year to allow time for tutors to support each other, develop the role and ensure consistency in what is offered to trainees, are working well.

The committee continues to work closely with the BJAA and Board members to produce policies that are consistent across the organisation. The new policies for working with trainees experiencing difficulties during training and managing complaints from patients about trainee therapists are close to their final versions.

Our external examiner has now completed 3 years in post and plans to step down at the end of 2021. Her contribution continues to be invaluable in supporting the Training Committee in its work. In her most recent report, the EE stated: I continue to have a very positive view of the training and the serious calibre of work being undertaken by trainees, teaching staff and the Training Committee

MSc Psychodynamics of Human Development

13

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

year, whereas recruitment for 2020/2021 suggests a new cohort of 25 students will begin in September.

course: An Introduction to Psychoanalytic and Jungian

thought

14

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

terms of how the ideas relate to society and personal development. The course has been run in the format of 10 Saturdays over a period of nine months.

15

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

Scientific and Applied Activities

16

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

17

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

PUBLICATIONS - Journal

The British Journal of Psychotherapy (BJP), joined owned with publishing firm WileyBlackwell, continued to help raise the profile of both the BPF and the psychotherapy profession in the UK and internationally.

Total submissions in 2019 increased by nearly 60% compared with 2018, while submissions in 2020 have continued in a steady way, despite the pandemic. Both the 2019 and 2020 volumes have seen an increase of 100 pages over the 2018 volume.

The links with the , as co-owner of the Journal with Wiley, have strengthened, particularly via the Scientific and Applied Activities Committee, which allows us to link with colleagues across the organisation. The Journal now has a regular presence in the Newsletter, which allows us to draw individual articles from current issues to attention. In addition, we are delighted that we now have in-house administrative support for the Journal, initially provided by Ellie Kingwell-Banham and now by Hannah Stevens.

Editorially, the Journal continues to develop. We were proud to publish two fast-tracked papers on the Covid crisis in our August edition this year, which got attention on Twitter, and we are grateful to Wiley for making these free to access online for a period of months.

The Rozsika Parker Prize is now established internationally and the conference collaboration with the Freud Museum continues. The BJP has always been a home for conference papers, and we were delighted, for example, to publish a number of the papers from the Festschrift conference for Jeremy Holmes last year. We have also published Sally Kelnar Prize (Silver) paper on infant observation. Perhaps one of the standout research papers this year has been Tirril Harris and the gap between clinical practice and an important intervention in the field.

The year has seen a number of retirements from the Editorial Board. Ann Horne, who had very ably represented the BPF for four years, stood down in February and we have welcomed Toby Dantzic in her place. Severnside, Arbours and WPF Therapy representatives have also changed. With these changes we have also developed the editorial of two sections within the Journal New Voices, and Point of View.

At the time of writing we have just appointed a new editor for the Clinical Commentaries Section, Katya Orrell of Tavistock and Portman NHS Trust and the International Association for Forensic Psychotherapy, and a previous winner of the Rozsika Parker Prize.

18

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

It is important to acknowledge the essential contribution of our BPF members: including: Poul Rohleder (PPA), who has been reviews editor for three years now; and Toby Dantzic (PPA), who has a specific role in developing the media presence and liaising with BPF and Wiley Marketing.

Clinical Services

19

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

General development & future plans

On the financial front, throughout the 2019/20 year the Trustees maintained a tight grip on the cost and income performance. The key aim was to further reduce the historic annual operating deficit and it was pleasing to see this achieved by the year end: the 2019/20 actual operating deficit (before investment gains/losses) was £65,118 which compared to a loss of £106k originally budgeted for the year and an actual deficit of £155,162 in the previous financial year.

This better performance was achieved thanks to a combination of both higher than budgeted revenue and lower than budgeted overhead costs. Higher revenue, in particular, was seen from training activities and donations/grants.

Concerning the governance, the major development in the year was the holding of an Extraordinary General Meeting (EGM) in July 2019 to approve an updating of the Articles of Association. Two notable changes were to allow a more flexible composition of the Board of Trustees and to integrate the different associations more cohesively. The Meeting approved the new Articles by a large margin.

20

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

A few months following this EGM, the charity held its normal annual general meeting (AGM), where the new arrangements for the Board were implemented, including the appointment of an external non-member trustee. Sadly, the main news at the Meeting was the stepping down of Julian Lousada from the position of Board Chair and several years as a Trustee. The membership extended their huge thanks and gratitude for the strong leadership he had provided. At the same time, members marked their thanks for several other members who had recently stepped down from the Board and also warmly welcomed Jean Carr to the role of Board Chair, who stepped up from her previous role as Vice Chair.

Another important measure taken during the year was to carry out an updated review of the The interim CEO prepared a fresh audit and categorisation of risks around five areas: budget/strategic, governance, operational, compliance and external developments. The Board agreed that the updated register identified most risks well and endorsed several improved or new mitigation measures set out.

Operational matters

Operationally, the year was as busy and varied as ever. Thanks to the combined enthusiasm and professionalism of the staff team members working closely with the wide range of volunteering members across its associations, an impressive and varied range of courses, seminars, meetings and activities was delivered as can be seen from the individual course and activity reports elsewhere in this report. The friendly and convenient facilities of the offices were the venue for very many of these activities.

However, at the end of the financial year, the sudden onset of the Coronavirus pandemic caused a significant disruption to the delivery of activities, requiring an urgent and comprehensive switching to home-working for the staff team and switching to online delivery of courses and meetings by tutors, facilitators and trainees. The period of March to May was a testing period for everyone but things settled down quickly and since then until further notice the has continued to run its activities online.

One notable event in the calendar year that had to be re-organised online was the March Open Day a marketing event aimed at recruiting individuals for the next year of courses. As it turned out, the revised format of a series of individual online sessions proved very effective and its increased accessibility succeeded in attracting a larger number of potential trainees than usual.

21

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

Concerning the staff team, the Trustees continued the services over the year of interim CEO, Mike Owen, ahead of a fresh/strategic review mid-2020 of the overall staff structure. During the year, there were just a few staff changes, including a new Digital and Marketing Officer and a new PPA Training Co-ordinator. A new senior post of Head of Development was also recruited for, but the appointee sadly did not work out. Credit needs to be given to the flexibility shown by all staff team during the year before as well as after Covi-19 struck particularly Financial Director, Bella Hailemariam; House Manager/Services Co-ordinator Cathie Moore; and Training & Membership Co-ordinator Angeliki Kyriaki. Special mention is also due to Dorothee Magni, who joined in the summer of 2019 as Course Director for our joint MSc with Birkbeck and who has done a brilliant job in taking over the helm of this popular programme.

On the education development front, Trustees and senior staff further developed thinking and planning for the development of the range of education and training courses, building on strategic recommendations received from an adviser engaged earlier in 2019. The central strategic aim agreed was for the to offer a more integrated, fuller and flexible education and training across its associations, including offering courses - aimed more at a level in order to appeal to larger numbers of students.

At the same time, dedicated work was carried out to review and identify opportunities to enhance the range of CPD/short courses available to qualified members, which led to plans to both revive/update selected former courses which the used to run and also invest in some new programmes. An early revived course will be previous and very popular Supervision Skills course, which ran for many years up until 2017.

More generally on the professional support front, examples of other initiatives seen in the year included the introduction of an updated bursary support scheme for trainees experiencing financial difficulties; the delivery of a well-attended training seminar for members on data protection/GDPR issues (planned and delivered with legal staff from the British Psychoanalytic Council); and a dedicated workshop attended by a group of members to review how the could improve its level of support to members concerning professional and ethical issues.

Looking ahead

The Board has set itself the strategic ambition of the as both a training provider and professional membership body, but crucially at the same time building on the recent improvement in the financial performance to definitively end its history of annual losses. Almost all the rival organisations also have a history of loss-making, but there is a determination by the Board for the to be different, particularly by being readier to think more commercially whilst at the same time keeping the core ethos of being a membership body and charity.

22

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

In furtherance of its strategic ambition, the Board has defined a set of short-term priorities around five areas for the (ahead of a fuller 2-3 strategic plan for the next CEO to lead on with the Board). An indication of some of the main, planned actions is as follows:

23

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

Values

With the above, fresh strategic pathway in mind, it is important that stays close to and conducts all its activities based on its key driving principles as a charity.

Its leading principles include the following:

The is committed to the development and implementation of policies and procedures that ensure fairness, with the aims of promoting equality, valuing diversity and removing any unfair discrimination shaping its activities.

The is committed to communicating clearly how it has taken its members, trainees, patients, staff and other views into consideration in developing and managing its activities and policies. The Board is committed to demonstrating high standards of governance.

The is committed to fostering a culture of innovation and continuous improvement, using its resources efficiently and seeking to achieve further efficiencies without compromising the quality of its activities.

Risk Assessment

The trustees regularly identify and consider the major risks to which the charity is exposed and establish systems to mitigate such risks.

Financial systems are closely monitored and regularly reviewed to prevent excessive expenditure and to guard against fraud.

The trustees continue to put in place effective strategies to ensure that activities remain sustainable in the long term and that they develop along with to meet the needs of potential trainees and patients.

Transactions and financial position

Total income amounted to £1,018,744 during the year of which £877,970 comes from membership subscriptions, training fees and course fees. Expenditure incurred amounted to £1,070,617 resulting in an operating deficit (i.e. before gains and losses) of £51,873, of which, £82,993 relates to unrestricted reserves. After investment gains the overall net deficit for the year reduced to £65,118 (compared to £77,419 for the previous financial year).

24

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

The total reserves stood at £3,810,730 on 31 March 2020, of which £220,146 is held as restricted funds and £1,833,330 as designated. Designated funds consists of a legal fund of £20,000 and a property fund of £1,813,330 which is equal to the book value of the freehold property after depreciation. Unrestricted funds amount to £1,757,254 at 31 March 2020.

Investment policy and returns

Under the memorandum and articles of association, the charity has the power to invest its funds at the discretion of the directors. The charity invested £1 million in the Sarasin Alpha Common Investment Fund in 2016/17 with the aim of achieving capital growth. The trustees considered the return on investments to be in keeping with present market conditions.

The trustees have exercised care and skill when making investment decisions and to the best of their abilities selected investments that were right for the charity taking account of:

The trustees have addressed the ethical aspects of the investments to ensure they are not in conflict with the aims of the charity. The trustees monitor and review the performance of the external investment manager.

Reserves

The board has reviewed the major risks that the charity faces, as a result the is now committed to maintaining free reserves equal to 3-6 months operating costs, approximately £250,000 to £500,000 and to retaining an additional sum of £20,000 as a legal fee reserve to ensure adequate cover for any possible future legal costs. Key financial control systems are reviewed annually. At 31 March 2020 free reserves were above target.

A number of adult psychotherapy trainings from the 3 merged organisations remain active. The board is committed to ensuring that these trainings continue until the trainees concerned have qualified which will entail using a level of its reserves.

Directors

All directors of the company were also trustees of the charity and were elected by the members at an AGM, or co-opted by the board of trustees. All of the directors named on page one served during the period. The board used its power to co-opt additional directors as it considered fit to do.

25

BRITISH PSYCHOTHERAPY FOUNDATION

REPORT FOR THE YEAR ENDED 31 MARCH 2020

Key management personnel

The key management personnel of the charity are considered to be the Chief Executive and the Director of Finance. The current interim CEO has been engaged on a part-time, short-term contract, using a fixed retainer-fee basis. Regular supervision and oversight is carried out by the chair of the .

Trustee induction

The is committed to ensuring that its trustees receive a good induction as part of assuming the responsibility of trustee of a charity and a director of a limited company. It believes that a good induction prepares new trustees to be effective. Opportunities for new trustees to spend time in the organisation including staff are provided. Supplying new trustees with key information about the organisation and about the responsibilities of being a trustee is at the heart of the induction. The information supplied includes:

o Guidance

26

BRITISH PSYCHOTHERAPY FOUNDATION

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2020

Trustees responsibilities in relation to the financial statements

The Trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the Trustees’ Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 income and expenditure of the charitable company and its state of affairs at the end of that period.

In preparing those 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 charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In accordance with company law as the company's directors, we certify that: so far as we are aware, there is no relevant audit information of which the charitable company's auditor is unaware; and as directors of the charitable company we have taken all the steps that we ought to have taken, in order to make ourselves aware of any relevant audit information and to establish that the charitable company's auditor is aware of that information.

This report was approved by the bpf board of directors on 26[th] October 2020 and signed on its behalf.

............................................ Eleanor Mongey Director

27

INDEPENDENT AUDITOR S REPORT TO THE MEMBERS OF

THE BRITISH PSYCHOTHERAPY FOUNDATION

Opinion

We have audited the financial statements of The British Psychotherapy Foundation (the he year ended 31 March 2020 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cash Flows and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis of 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 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 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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The other information comprises the information included in the annual report, other than 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.

28

INDEPENDENT AUDITOR S REPORT TO THE MEMBERS OF

THE BRITISH PSYCHOTHERAPY FOUNDATION (CONTINUED)

In connection with our audit of the financial statements, 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

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

Responsibilities of Trustees

As explained more fully in the Trustees' Responsibilities Statement, 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.

29

INDEPENDENT AUDITOR S REPORT TO THE MEMBERS OF

THE BRITISH PSYCHOTHERAPY FOUNDATION (CONTINUED)

In preparing the financial statements, the trustees are responsible for assessing the chari table 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 company or to cease operations, or have no realistic alternative but to do so.

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.

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.

Use of our report

with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken, so that we m ight state to the charitable company’s members those matters we are required to state to them in an 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 chari table company and the charitable company’s members as a body, for our audit work, for this report or for the opinions we have formed.

ensx

26 October 2020

Simon Goodridge Senior Statutory Auditor for and on behalf of Knox Cropper LLP Statutory Auditor 65 Leadenhall Street London EC3A 2AD

30

BRITISH PSYCHOTHERAPY FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING THE INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2020

Note
Income and Endowments:
Donations and Legacies
2
Investment Income
3
Charitable Activities
Membership
Training Fees
4
MSc Course & Pre-training Fees
Short Courses
Events
Publication Income
Room Hire and Lettings
Clinic Access and Services
Other
Total Income
Expenditure:
Charitable Activities
5
Membership
Education
Training Courses
MSc Course & Pre-training
Short Courses
Events
Publications
Clinical Access & Services
Total Expenditure
Net Income/Expenditure
before gains/(losses)
Net Gains/ (Losses) on
Investments
Net Income/(Expenditure)
Transfers between Funds
Net Movement in Funds
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted
Designated
Restricted
Total 2020
Total 2019
£
£
£
£
£
147
-
72,880
73,027
22,129
5,911
-
-
5,911
5,256
230,706
-
-
230,706
376,895
471,009
-
-
471,009
484,255
166,812
-
-
166,812
142,004
9,443
-
-
9,443
29,476
26,777
-
-
26,777
20,825
16,469
-
-
16,469
18,896
2,588
-
-
2,588
3,013
11,539
-
-
11,539
6,260
4,463
-
-
4,463
2,811
945,864
-
72,880
1,018,744
1,111,820
234,554
-
-
234,554
327,766
507,855
-
40,400
548,255
639,557
191,228
-
-
191,228
196,765
20,628
-
-
20,628
28,991
14,108
-
1,360
15,468
15,163
11,912
-
-
11,912
14,150
48,571
-
-
48,571
44,590
1,028,857
-
41,760
1,070,617
1,266,982
(82,993)
-
31,120
(51,873)
(155,162)
(13,245)
-
-
(13,245)
77,743
(96,238)
-
31,120
(65,118)
(77,419)
4,657
(26,667)
22,010
-
-
(91,581)
(26,667)
53,130
(65,118)
(77,419)
1,848,835
1,859,997
167,016
3,875,848
3,953,267
£1,757,254
£1,833,330
£220,146
£3,810,730
£3,875,848

All incoming resources, and resources expended derive from continuing activities. The Notes on pages 34 to 41 form part of these financial statements.

31

BRITISH PSYCHOTHERAPY FOUNDATION

BALANCE SHEET AS AT 31 MARCH 2020

Note 2020 2020 2019 2019
£ £ £ £
FIXED ASSETS
Intangible Assets 8 5,000 7,500
Tangible Fixed Assets 9 1,834,352 1,873,667
Investments 10 1,353,970 1,367,215
3,193,322 3,248,382
CURRENT ASSETS
Debtors 11 191,365 176,630
Cash At Bank and In Hand 712,746 752,593
904,111 929,223
CREDITORS:
Amounts falling due within one year 12 (286,703) (301,757)
NET CURRENT ASSETS 617,408 627,466
TOTAL NET ASSETS £3,810,730 £3,875,848
FUNDS 13
Restricted 220,146 167,016
Designated 1,833,330 1,859,997
Unrestricted 1,757,254 1,848,835
TOTAL FUNDS £3,810,730 £3,875,848

These financial statements were approved by the Board of Trustees on 26[th] October 2020 and were signed on its behalf by: ............................................ 1 Pf Eleanor Mongey Mary Pat Campbell Director Director

Registered Company No.: 08238969 Registered Charity No.: 1150806

The Notes on pages 34 to 41 form part of these financial statements

32

BRITISH PSYCHOTHERAPY FOUNDATION

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2020

Note
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities
17
CASH FLOWS FROM INVESTING ACTIVITIES :
Purchase of property, plant and equipment
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING
PERIOD		 2020
2019
£
£
(37,500)
(54,794)
(2,347)
(4,937)
(2,347)
(4,937)
(39,847)
(59,731)
752,593
812,324
£712,746
£752,593

33

BRITISH PSYCHOTHERAPY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

1. Accounting Policies

1.1 Basis of preparation of Accounts

The financial statements are prepared under the historical cost convention with the exception of investments which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS 102 second edition effective 1 January 2019)), applicable UK accounting standards and the Companies Act 2006.

1.2 Going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements.

The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

1.3 Incoming resources

Voluntary Income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or if donors conditions have not been fulfilled, then income is deferred. Investment income is recognised on a receivable basis.

1.4 Resources expended

Resources expended are recognised when a liability is incurred, inclusive of any VAT which cannot be recovered.

Expenditure which is directly attributable to specific activities has been included in these categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of these resources.

1.5 Pension Costs

The company contributes to a stakeholder pension scheme. These costs are accounted for by charging the premiums paid in the period during which the company benefits from the services.

1.6 Intangible Fixed Assets

Intangible fixed assets are publication rights for the British Journal of Psychotherapy. These intangible assets will be amortised over their estimated economic life of 4 years on a straight line basis.

1.7 Tangible Fixed Assets

Individual fixed assets costing more than £100 are capitalised at cost.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the carrying value over their expected useful economic life as follows:

Freehold buildings 2% straight line basis Furniture & Fittings 20% straight line basis Office Equipment 33% straight line basis Library, books, films & equipment 15% reducing balance basis Database and IT equipment 33% straight line basis

34

BRITISH PSYCHOTHERAPY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2020

1. Accounting Policies (continued)

1.8 Investments

Investments including funds under management are stated at market value at the balance sheet date. These investments are readily convertible to cash. The Statement of Financial Activities includes the net gains and losses arising on revaluations.

1.9 Stock

Stock is valued at the lower of cost or net realisable value.

2. GRANTS AND DONATIONS

Grants
Donations
Members and Other Donations
3.
INVESTMENT INCOME
Bank Interest
Dividends
4.
TRAINING FEES
IPCAPA Training
PPA Training
BJAA Training
BPA Training
Application for Training Therapists		 2020
£
71,510
447
1,070
£73,027
4,234
1,677
£5,911
381,167
73,938
15,334
-
570
£471,009		 2019
£
20,966
583
580
£22,129
3,697
1,559
£5,256
384,738
73,159
13,921
11,837
600
£484,255

5. CHARITABLE ACTIVITIES

Membership
Education
Training
Courses
MSc &
pre-
trainings
Short
Courses
Events
Clinical
Access &
Services
Publications		 ------------------2020------------------
Direct
Staff costs
Support
Total
54,041
-
180,513
234,554
271,273
149,290
127,693
548,256
106,973
29,530
54,725
191,228
3,515
5,211
11,902
20,628
9,517
-
5,951
15,468
445,319
184,031
380,784
1,010,134
60
48,511
-
48,571
11,912
-
-
11,912
£457,291
£232,542
£380,784
£1,070,617		 ------------------2019------------------
Direct
Staff costs
Support
Total
£
£
£
£
158,074
-
169,692
327,766
304,489
175,383
159,685
639,557
100,547
27,782
68,436
196,765
12,899
4,903
11,189
28,991
9,569
-
5,594
15,163
585,578
208,068
414,596
1,208,242
680
43,910
-
44,950
14,150
-
-
14,150
£600,408
£251,978
£414,596
£1,266,982

Staff costs are split between direct and support costs which are then allocated to charitable activities.

35

BRITISH PSYCHOTHERAPY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2020

6. SUPPORT COSTS

Staff
Other Staff
Premises
Office
Governance
Prior year
Staff
Other Staff
Premises
Office
Governance		 Membership
Training
Courses
MSc Course
Short Courses
Events
Total
2020
Total
2019
£
£
£
£
£
£
£
89,711
63,461
27,197
5,914
2,959
189,242
161,172
5,532
3,913
1,677
365
182
11,669
5,908
41,780
29,554
12,666
2,755
1,377
88,132
120,042
26,647
18,850
8,079
1,757
878
56,211
67,062
16,843
11,915
5,106
1,111
555
35,530
60,412
£180,513
£127,693
£54,725
£11,902
£5,951
£380,784
£414,596
Membership
Training
Courses
MSc Course
Short
Courses
Events
Total
2019
£
£
£
£
£
£
65,967
62,077
26,604
4,349
2,175
161,172
2,418
2,276
975
160
79
5,908
49,132
46,235
19,815
3,240
1,620
120,042
27,448
25,829
11,070
1,810
905
67,062
24,727
23,268
9,972
1,630
815
60,412
£169,692
£159,685
£68,436
£11,189
£5,594
£414,596

7. STAFF COSTS AND KEY MANAGEMENT PERSONNEL

No remuneration was paid to directors during the year. Expenses reimbursed to them in the year in their capacity as directors amounted to £481 (2019: £223). A number of the Directors received fees in respect of professional services rendered as psychotherapists during the year amounting to £825 (2019: £550). The staff costs of remaining staff were:

Wages and Salaries
Social Security Costs
Pension Costs
Full Time Staff Equivalent		 2020
£
395,068
29,501
8,883
£433,452
Nos.
9		 2019
£
380,977
28,089
8,443
£417,509
Nos.
10

Key management personnel for all or part of the year consisted of two individuals (2019: three). Total remuneration of key management personnel during the year amounted to £129,172 (2019: £130,810).

Staff receiving remuneration greater than £60,000 in the year were as follows:

Between £60,000 and £70,000
Between £70,000 and £80,000		 2020
2019
Nos.
Nos.
-
-
1
1

36

BRITISH PSYCHOTHERAPY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2020

8. INTANGIBLE ASSET

.
INTANGIBLE ASSET
Publication Rights : British Journal of Psychotherapy
2020		 2019
£ £
Costat 1stApril 2019 and 31stMarch 2020 10,000 10,000
Accumulated amortization
Brought forward as at 1stApril 2019 2,500 -
Charge for the year 2,500 2,500
Carried forward as at 31stMarch 2020 5,000 2,500
Net Book Value
At 31stMarch 2020 £5,000 £7,500
.
TANGIBLE FIXED ASSETS
Office Library
Freehold
Equipment
Books &
Property
Furniture &		 Film Total 2020 Total 2019
Fittings Equipment
£ £ £ £ £
Cost:
At 1stApril 2019 2,000,000 120,740 52,184 2,172,924 2,242,369
Additions - - 2,347 2,347 4,937
Disposals - - - - (74,382)
At 31st March 2020 2,000,000 120,740 54,531 2,175,271 2,172,924
Accumulated
Depreciation
At 1stApril 2019 160,003 96,898 42,356 299,257 299,850
Charge for the period 26,664 13,172 1,826 41,662 73,789
Disposals - - - - (74,382)
At 31st March 2020 186,667 110,070 44,182 340,919 299,257
Net Book Values
At 31st March 2020 £1,813,333 £10,670 £10,349 £1,834,352 £1,873,667
At 31st March 2019 £1,839,997 £23,842 £9,828 £1,873,667 £1,942,519

9. TANGIBLE FIXED ASSETS

37

BRITISH PSYCHOTHERAPY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2020

10. INVESTMENTS

Quoted Investments
Balance Brought Forward
Unrealised (Loss)/ Gain
Market Value at 31stMarch 2020
Held at Year End:
Sarasin Alpha CIF
CAF Balanced Growth Fund
COIF Charity Investment Fund
Accumulation Shares
Triodos Bank		 2020
£
1,367,215
(13,245)
£1,353,970
1,081,159
48,036
223,494
1,281
£1,353,970		 2019
£
1,289,472
77,743
£1,367,215
1,080,856
61,483
223,596
1,281
£1,367,215

11. DEBTORS

Trainee Loans
Other debtors
Payments in advance
REDITORS
Amounts Falling Due Within One Year
Trade Creditors
Deferred Income
Deposits
Accruals
PAYE and Staff Related
Jungian Archives		 2020
£
6,219
83,505
101,641
£191,365
142,159
86,550
5,697
42,485
9,173
640
£286,703		 2019
£
7,050
63,731
105,849
£176,630
67,162
137,923
11,630
76,871
7,531
640
£301,757

12. CREDITORS

38

BRITISH PSYCHOTHERAPY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2020

13. FUNDS

Restricted Funds
Trainee Loan Fund
Child Training
Premises Fund
Trainee Bursary Fund
Trainee Bursary Fund 2018
Trainee Bursary Fund 2019
John Kelnar Fund
Lionel Monteith Lecture Fund
Lincoln Legacy
Eileen Curtiz
Gyll Moore Fund
Teresa Hirsch Fund
Roziska Parker Fund
Designated Funds
Property Fund
Legal Fees Fund
Unrestricted Funds
General Reserves
Total Reserves
Prior year
Restricted Funds
Trainee Loan Fund
Child Training
Premises Fund
Trainee Bursary Fund
Trainee Bursary Fund 2018
Lionel Monteith Lecture Fund
Lincoln Legacy
Gyll Moore Fund
Teresa Hirsch Fund
Roziska Parker Fund
Eileen Curtiz
Designated Funds
Property Fund
Legal Fees Fund
Unrestricted Funds
General Reserves
Total Reserves		 Balance
B/F
Incoming
Resources
Expend-
iture
Investment
Gains/
Losses
Transfers
Balance
C/F
£
£
£
£
£
£
24,370
-
-
-
-
24,370
53,582
70,460
(40,400)
-
-
83,642
37,099
-
-
-
-
37,099
12,063
-
-
-
-
12,063
5,640
1,070
-
-
-
6,710
-
-
-
-
20,000
20,000
-
-
(100)
-
100
-
5,268
-
-
-
-
5,268
25,616
-
-
-
-
25,616
150
1,050
(350)
-
1,000
1,850
314
-
-
-
-
314
3,214
-
-
-
-
3,214
(300)
300
(910)
-
910
-
£167,016
£72,880
£(41,760)
-
£22,010
£220,146
1,839,997
-
-
-
(26,667)
1,813,330
20,000
-
-
-
-
20,000
£1,859,997
-
-
-
£(26,667)
£1,833,330
1,848,835
945,864
(1,028,857)
(13,245)
4,657
1,757,254
£1,848,835
£945,864
£(1,028,857)
£(13,245)
£4,657
£1,757,254
£3,875,848
£1,018,744
£1,070,617)
£(13,245)
-
£3,810,730
01/04/18
31/03/19
£
£
£
£
£
£
24,370
-
-
-
-
24,370
71,228
20,966
(38,612)
-
-
53,582
37,099
-
-
-
-
37,099
13,463
-
(1,400)
-
-
12,063
5,060
580
-
-
-
5,640
5,268
-
-
-
-
5,268
26,204
-
(588)
-
-
25,616
314
-
-
-
-
314
3,214
-
-
-
-
3,214
(300)
-
-
-
-
(300)
300
-
(150)
-
-
150
£186,220
£21,546
£(40,750)
£-
£-
£167,016
1,866,664
-
-
-
(26,667)
1,839,997
20,000
-
-
-
-
20,000
£1,886,664
£-
£-
£-
£(26,667)
£1,859,997
1,880,383
1,090,274
(1,226,232)
77,743
26,667
1,848,835
£1,880,383
£1,090,274
£(1,226,232)
£77,743
£26,667
£1,848,835
£3,953,267
£1,111,820
£1,266,982
£77,743
£-
£3,875,848

39

BRITISH PSYCHOTHERAPY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2020

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted Funds
Designated Funds
Unrestricted Funds
Prior year
Restricted Funds
Designated Funds
Unrestricted Funds		 Fixed Assets
Investments
Net
Current
Assets
Total
£
£
£
£
-
-
220,146
220,146
1,813,330
-
20,000
1,833,330
26,022
1,353,970
377,262
1,757,254
£1,839,352
£1,353,970
£617,408
£3,810,730
Fixed Assets
Investments
Net
Current
Assets
Total
£
£
£
£
-
-
167,016
167,016
1,839,997
-
20,000
1,859,997
41,170
1,367,215
440,450
1,848,835
£1,881,167
£1,367,215
£627,466
£3,875,848

15. MEMBERS LIABILITY

The company is limited by guarantee and has no share capital. The liability of each member in the event of winding up is £5.

16. TAXATION

The company is a registered charity and no provision is considered necessary for taxation.

17. NOTES TO THE CASH FLOW STATEMENT

Reconciliation of net movement in funds to net cash flow from
operating activities
Net movement in funds for the reporting period (as per the
statement of financial activities)
Adjustments for:
(Gain)/Loss on Investments
Depreciation charges
Amortisation charges
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
Analysis of cash and cash equivalents
Cash at bank
Total cash and cash equivalent		 2020
£
2019
£
(65,118)
(77,419)
13,245
(77,743)
41,662
73,789
2,500
2,500
(14,735)
(56,266)
(15,054)
80,345
(37,500)
(54,794)
712,746
752,593
£712,746
£752,593

40

BRITISH PSYCHOTHERAPY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2020

18. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Note
Income and Endowments:
Donations and Legacies
2
Investment Income
3
Charitable Activities
Membership
Training Fees
4
MSc Course & Pre-training Fees
Short Courses
Events
Publication Income
Room Hire and Lettings
Clinic Access and Services
Other
Total Income
Expenditure:
Charitable Activities
5
Membership
Education
Training Courses
MSc Course & pre-trainings
Short Courses
Events
Publications
Clinical Access & Services
Total Expenditure
Net Income/Expenditure
before gains/(losses)
Net Gains/(Losses) on
Investments
Net Income/(Expenditure)
Transfers between Funds
Net Movement in Funds
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted
Designated
Restricted
Total 2019
£
£
£
£
583
-
21,546
22,129
5,256
-
-
5,256
376,895
-
-
376,895
484,255
-
-
484,255
142,004
-
-
142,004
29,476
-
-
29,476
20,825
-
-
20,825
18,896
-
-
18,896
3,013
-
-
3,013
6,260
-
-
6,260
2,811
-
-
2,811
1,090,274
-
21,546
1,111,820
327,766
-
-
327,766
598,957
-
40,600
639,557
196,765
-
-
196,765
28,991
-
-
28,991
15,013
-
150
15,163
14,150
-
-
14,150
44,590
-
-
44,590
1,226,232
-
40,750
1,266,982
(135,958)
-
(19,204)
(155,162)
77,743
-
-
77,743
(58,215)
-
(19,204)
(77,419)
26,667
(26,667)
-
-
(31,548)
(26,667)
(19,204)
(77,419)
1,880,383
1,886,664
186,220
3,953,267
£1,848,835
£1,859,997
£167,016
£3,875,848

41