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← British Psychotherapy Foundation

2024-09-30-accounts

BRITISH PSYCHOTHERAPY FOUNDATION

Annual Report & Financial Statements For the eighteen-month period ended 30 September 2024

Company number: 08238969 Charity Registra.on Number: 1150806

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Contents

Contents Contents
ADMINISTRATIVE DETAILS............................................................................................................................ 3
OPERATING AND FINANCIAL REVIEW.......................................................................................................... 5
1. ABOUT THE BRITISH PSYCHOTHERAPY FOUNDATION ..................................................................... 5
2. REPORT FROM CHAIR OF THE BOARD OF TRUSTEES AND THE CEO ................................................ 6
3. REVIEW OF OPERATIONS .................................................................................................................. 7
a. TRAINING .......................................................................................................................................... 7
b. PRE-TRAINING .................................................................................................................................. 7
c. QUALIFYING TRAINIING .................................................................................................................... 8
d. POST QUALIFICATION TRAINING ...................................................................................................... 9
e. STUDENT AND TRAINEE INFORMATION ......................................................................................... 10
4. MEMBERSHIP.................................................................................................................................. 10
5. CLINICAL SERVICES ......................................................................................................................... 11
6. CORPORATE SERVICES .................................................................................................................... 11
a. GOVERNANCE ................................................................................................................................. 11
b. AUDIT & RISK COMMITTEE ............................................................................................................. 12
c. MAINTENANCE OF PREMISES, HEALTH & SAFETY AND CAPACITY ................................................. 12
d. IT AND DATA HANDLING ................................................................................................................ 13
7. STAFFING AND HR DEVELOPMENTS ............................................................................................... 13
a. STAFFING ........................................................................................................................................ 13
b. HR DEVELOPMENTS ........................................................................................................................ 14
8. EQUITY, INCLUSION AND DIVERSITY .............................................................................................. 14
9. REVIEW OF FINANCIAL PERFORMANCE ......................................................................................... 14
10. PRINCIPAL RISKS AND UNCERTAINTIES ...................................................................................... 18
11. PLANS FOR FUTURE .................................................................................................................... 20
INDEPENDENT AUDITOR’S REPORT............................................................................................................ 22
STATEMENT OF FINANCIAL ACTIVITIES...................................................................................................... 25
STATEMENT OF FINANCIAL POSITION........................................................................................................ 26
STATEMENT OF CASH FLOWS..................................................................................................................... 27
NOTES TO THE FINANCIAL STATEMENTS................................................................................................... 28

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ADMINISTRATIVE DETAILS

Charity Trustees

Professor Jean Knox (Chair) Appointed 21 November 2020 Steven Flower (Vice Chair) Appointed 21 June 2022 Liza Catan Appointed 21 November 2020 Jemma Corenbloom Appointed 21 March 2023 Dawn Jackson Appointed 21 November 2023 (Deceased 11 May 2024) Joao Botas Appointed 28 November 2023 Saranja Sivachelvam Appointed 26 September 2023 Daniel Thorneloe Appointed 31 July 2024 Sonialin Appleby Resigned 27 October 2023 Yemsrach Hailemariam Appointed 26 September 2023 and Resigned 11 December 2023 Eleanor Mongey Resigned 10 November 2023 Ferelyth Morris Resigned 10 November 2023

Audit and Risk Commi8ee

Steven Flower (Chair) Melanie Catling Helen Hardware Adesola Osuji Ravi Popat Jeremy Stockwell

Resigned July 2024

Senior Management Team

Chief ExecuCve:

Chief ExecuCve: Dr Frances Gillies Director of Corporate Services: David Ryan Director of Clinical Services: Angela Marsh Director of Membership & CommunicaCons: MaEhew Aldridge Director of Strategic IniCaCves: Dr Wayne Full

Principal & Registered Office:

37 Mapesbury Road London NW2 4HJ

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Principal Advisers

Auditors:

Knox Cropper LLP Chartered Accountants 65 Leadenhall Street London EC3A 2AD

Bankers:

NaConal Westminster Bank Plc Chatham Rcsc, Western Avenue Waterside Court, Chatham MariCme Chatham, Kent ME4, 4RT

Investment Managers :

Sarasin & Partners LLP Juxon House 100 St. Paul’s Churchyard London EC4M 8BU

CCLA Senator House 85 Queen Victoria London EC4V 4ET

Triodos Bank Deanery Road Bristol BS1 5AS

Legal Advisers:

Russell-Cooke 2 Putney Hill Putney London SW15 6AB

Bates Wells 10 Queen Street Place London EC4R 1BE

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OPERATING AND FINANCIAL REVIEW

1. ABOUT THE BRITISH PSYCHOTHERAPY FOUNDATION

The BriCsh Psychotherapy FoundaCon (bpf) is a psychoanalyCc and Jungian psychotherapy membership and training organisaCon that also provides a clinical service to the public. It was formed in 2013 when three psychotherapy training organisaCons decided to amalgamate and streamline their training offerings. The bpf porHolio of trainings covers career progression from foundaCon level through qualifying and onwards to post qualificaCon trainings and CPD. We provide trainings for therapists working with the parent-infant dyad, children and adolescents, adults and couples. Some of our trainings are based in the “intensive” psychoanalyCc tradiCon of seeing paCents up to three Cmes a week for long periods of Cme, whereas other trainings focus on working once weekly. Our trainees become our members, and we encourage a culture of life-long learning and academic rigour throughout our membership.

We acknowledge that intensive psychotherapy is becoming increasingly difficult to access for most people, and we are commiEed to provide as much low-fee, intensive and long-term therapy to as many people as possible. We are open to self-referral from the public and all enquiries are triaged by our clinical services team. During a further assessment process, a shared decision will be reached about the most suitable pathway for that person or couple. If appropriate, they will be matched with one of our trainees according to their need or requirement and they will enter a low-fee therapy arrangement. Some people will be matched with a qualified member psychotherapist, and we fundraise to provide as many low-fee spaces as possible. There are people who contact our service and at triage it is decided that a different model of therapy might be more suitable, and we make every effort to signpost appropriately.

Some of our members are grouped into associaCons. The Independent PsychoanalyCc Child and Adolescent Psychotherapy (IPCAPA) associaCon focuses on the field of psychotherapy with children and their families. It emphasises the independent tradiCon of psychoanalysis. The PsychoanalyCc Psychotherapy AssociaCon (PPA) hosts our psychoanalyCc psychotherapists who have done an intensive training in adult psychotherapy. The BriCsh Jungian AnalyCc AssociaCon (BJAA) comprises Jungian analysts and Jungian psychodynamic psychotherapists. Each associaCon runs their own training (two in the case of the BJAA) and graduates of the trainings are invited to become associaCon members. We also have bpf members who are graduates from our other trainings such as our psychodynamic psychotherapy training, our parent infant psychotherapy training and our couples therapy training.

bpf’s mission

The bpf is a charity and its mission is to provide the public with access to psychotherapists who have undertaken rigorous, intensive, and academically excellent trainings and who are supported by a membership body that provides career-long, conCnuing professional development. The charity aims to educate the public about psychoanalyCc theory and pracCce and have influence over social policy to increase access to intensive, psychoanalyCcally informed psychotherapy. We are working to increase accessibility to our trainings through fundraising for training bursaries. We are also commiEed to increasing the diversity in our membership, so that all of society is represented. We are also striving to make its clinical services more widely available to the public, geographically and economically.

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bpf’s public benefit

The objects of the bpf are for the public benefit; they aim to preserve mental health and relieve mental distress, parCcularly through psychotherapy, in all or any of its aspects, by:

The Trustees take account of the Charity Commission guidance on public benefit when planning its’ acCviCes.

2. REPORT FROM CHAIR OF THE BOARD OF TRUSTEES AND THE CEO

As we look back over the last eighteen months, the BriCsh Psychotherapy FoundaCon (bpf) has experienced a period of significant growth and development. This report aims to provide an overview of our acCviCes, achievements, and the strategic direcCon we are heading towards.

The past eighteen months have been marked by a series of iniCaCves and improvements across various facets of our organizaCon. Our training programs have expanded significantly, offering a comprehensive range of courses from pre-training to post-qualificaCon. Notably, we have introduced new courses such as the Parent-Infant Psychotherapy Training and the Couples Psychodynamic Psychotherapy Training and we now have a start to finish training journey for our trainee and qualified members. Trainees can start with our innovaCve and highly regarded FoundaCon Course and then choose to qualify on a psychodynamic, psychoanalyCc or Jungian pathway. APer qualificaCon we have routes into intensive trainings for those that have started on a psychodynamic training, and we have couples and parent-infant trainings for qualified members who wish to specialize. Non-member applicants can begin their training journey with us at any point according to their qualificaCon needs.

Our commitment to providing accessible and affordable psychotherapy services has remained steadfast. We have conCnued to offer low-fee therapy opCons through our clinical services, ensuring that intensive psychotherapy is available to those who need it most. During this period, we received 1,278 enquiries, leading to 255 assessments and the placement of 118 paCents with trainees and 75 with qualified members.

The bpf has also made strides in enhancing our membership experience. We conducted a comprehensive membership survey, which provided valuable insights into the needs and expectaCons of our members. This feedback has been instrumental in shaping our new CPD strategy which can be read here and improving our member communicaCons and engagement. We would like to thank all those members who take part in organisaConal life including our training commiEees, ethics commiEee, board of trustees, our audit and risk commiEee and the sub commiEees that work Crelessly on curriculum development, selecCon of trainees and post qualificaCon member development. We would like to encourage all members to come forward and take part in organisaConal life. The bpf wishes to conCnue to become a vibrant community and professional home for our growing membership.

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Financially, the bpf has become more secure, allowing us to be more innovaCve in our professional endeavours. We have taken care to diversity our income and will conCnue to do so. Our income is spread across public funding, private funding through self-paying trainees and membership fees. We will be focusing on our fundraising efforts in the next years to provide training bursaries and to expand our clinical services. We are commiEed to increasing the diversity of our membership through becoming a more aEracCve organisaCon to a wider range of people, and to making our services more widely available, both geographically and economically.

APer a significant consultaCon period over the last year, we can look forward to our new strategic plan for 2023-2026 which outlines our vision and mission for the future. We aim to conCnue increase our membership offering, make training more widely accessible, and develop our clinical services further. Our strategic prioriCes include becoming a naConwide centre of excellence for psychoanalyCc academia, research and clinical services; increasing our fundraising acCviCes; and conCnue to run a highly effecCve, efficient and inclusive organisaCon.

We are excited about the opportuniCes that lie ahead and are confident that our strategic plan will set the foundaCons for a period of exciCng new developments and consolidaCon for the bpf. Our vision is a society where the public has knowledge of and access to psychoanalyCcally informed psychotherapists whose trainings have been rigorous and excellent. We will conCnue to support our members throughout their careers, ensuring they have access to ongoing professional development and are well-equipped to meet the needs of their clients.

In conclusion, the past eighteen months have been a period of significant progress for the bpf. We have laid a strong foundaCon for future growth and are commiEed to conCnuing our work to provide highquality psychotherapy services and training. We look forward to the next phase of our journey and the posiCve impact we will conCnue to make in the field of psychotherapy.

3. REVIEW OF OPERATIONS

a. TRAINING

During the last eighteen months the bpf has significantly increased its training offering from pre-training to post qualificaCon trainings.

The qualifying training offered by the bpf in 2023-24 included:

b. PRE-TRAINING

o MSc Psychodynamic of Human Development

The MSc provides an understanding of human development through a set of theoreCcal and experienCal modules. This pre-clinical course is designed to prepare students for a career in psychotherapy although students from different professional disciplines such as teaching, nursing and social work also complete the course. It is a foundaCon course that offers an accredited infant observaCon, and it fulfils the entry requirements for a Child and Adolescent Psychotherapy Doctorate. This accredited degree is offered in partnership with Birkbeck University.

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o Foundation Course in Psychotherapy and Counselling

The FoundaCon Course was designed for those at the very beginning of their journey to become a qualified psychotherapist or counsellor. Built with flexibility in mind, this training is delivered through a combinaCon of in-person and online teaching that is perfectly suited to those looking to change careers. The FoundaCon Course is now the first year of our 4-year bpf Psychodynamic Psychotherapy Training. APer compleCng the FoundaCon Course, you can apply to join year 2 of the bpf Psychodynamic Psychotherapy Training, which takes a further 3 years to complete and leads to qualificaCon as a psychodynamic psychotherapist. The course has a theoreCcal module, and a clinical module. The theory module spans the psychoanalyCc and Jungian schools and takes a comparaCve, modern approach. Students are supported to find a first placement, usually in a charity-type seQng, so that they can begin to get clinical experience and bring that experience to their clinical seminars.

o Infant observation

This course is a prerequisite for applicaCon for all our qualifying trainings except for the psychodynamic training. The students observe a baby from birth unCl its second birthday. ObservaCons last for one hour per week, and students aEend a weekly seminar to discuss their observaCons and reflecCons. Some students from other professions aEend this course, such as early years teaching or care, nursing or social work. At the end of the course, students are encouraged to write up their experiences in a paper. The seminar groups hold no more than five parCcipants and are run by qualified pracCConers. They run in person and various locaCons around the country and online.

c. QUALIFYING TRAINIING

o Jungian analytic training (BJAA)

The BJAA (BriCsh Jungian AnalyCc AssociaCon) offers a long established and highly respected Jungian analyCc professional training, which leads to a qualificaCon for in-depth, intensive work with adults. The Jungian AnalyCc training is accredited by the BriCsh PsychoanalyCc Council. QualificaCon leads to membership of the BriCsh Psychotherapy FoundaCon/BJAA, and of the InternaConal AssociaCon for AnalyCcal Psychology (IAAP), and to registraCon with the (BriCsh PsychoanalyCc Council, BPC) as a Jungian Analyst. Trainees are in their own three-Cmes a week training analysis. There is a modified entry scheme for suitably qualified pracCConers who want to develop their pracCce to work more intensively.

o Jungian psychodynamic psychotherapy training (BJAA)

This training is taught alongside the BJAA analyCc training but trainees take on once-weekly paCents. Trainees are in their own once weekly (or more) training analysis.

o Psychoanalytic psychotherapy training (PPA)

Training in the PPA incorporates best clinical pracCce and high standards. It is accredited by the BriCsh PsychoanalyCc Council. Once qualified, members are eligible for registraCon with the BriCsh PsychoanalyCc Council which is regulated by the Professional Standards Authority. You will be equipped to work intensively and in depth with adult paCents. With this foundaCon, therapists

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are well equipped to develop a private pracCce or to apply the model to work in the NHS, higher educaCon and the third sector. Trainees are in their own three-Cmes a week training analysis. There is a modified entry scheme for suitably qualified pracCConers who want to develop their pracCce to work more intensively.

o Psychodynamic psychotherapy training

The psychodynamic training qualifies pracCConer to work once weekly with paCent and is accredited by the BriCsh PsychoanalyCc Council. This course offers a comprehensive exploraCon of psychotherapeuCc concepts from mulCple theoreCcal perspecCves, including psychoanalyCc, Kleinian, Jungian, and Independent schools of thought. There are 2 clinical phases in this course; the first is a year-long psychotherapy placement in the NHS or other similar seQng; the second is taking on two private training paCents through the bpf clinical services. Trainees are in their own once weekly (at least) training analysis. There is a modified entry scheme for people who have completed the first part of the clinical training elsewhere.

o Independent Psychoanalytic Child and Adolescent Psychotherapy Doctoral Training (IPCAPA)

This four-year full-Cme programme leads to the award of DPsych and professional membership of the AssociaCon of Child Psychotherapists (ACP) as well as membership of the bpf. This training is commissioned by NHS England and trainees are placed in CAMHS teams within NHS trusts for the duraCon of their training. The training is provided in collaboraCon with the Anna Freud Centre and is validated by UCL. The theoreCcal underpinning is from the Independent psychoanalyCc school.

o Parent-infant psychotherapy training

This is a new specialist training that prepares students to work as a psychodynamic or psychoanalyCc parent-infant psychotherapist (PPIP). The teaching draws upon psychoanalyCc theory, developmental psychology, and other contemporary ideas about infant mental health and parent-infant relaConships and students offer PPIP to parents and infants under supervision. This work can take place from pregnancy through to the child’s second year. This course is delivered in a hybrid format with a mix of online and in-person study .

o Exeter University Doctorate in Psychoanalytic and Psychodynamic Psychotherapy Clinical Practice

The bpf awards the clinical qualificaCon to graduates of this doctorate run by Exeter University. Students become bpf trainee members and the full qualified members at graduaCon.

d. POST QUALIFICATION TRAINING

During this reporCng period the bpf launched a new post qualificaCon course.

o Couples Psychodynamic Psychotherapy Training

This course is a contemporary psychoanalyCc approach to couples, including an emphasis on diversity, exploring the conscious and unconscious impact of discriminaCon on the couple relaConship and between partners, such as homophobia, heteronormaCvity, racism, ageism,

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class etc. This course has been designed to provide trainees with excellent clinical training, fully integrated with a knowledge and experience of the pracCce of couple psychodynamic

psychotherapy that will be necessary for those working in depth with the emoConal problems of the couple’s relaConship.

o Short courses and continuing professional development

We offer various reading groups, supervision courses and a comprehensive CPD strategy for our members and for external aEendees.

e. STUDENT AND TRAINEE INFORMATION

There were approximately 400 trainees and students studying across the reported 18-month period. Our retenCon rate is 99.5%, with some courses at 100% retenCon rate. Trainees that do need to leave or defer usually do so because of life events such as maternity leave or relocaCon. Trainees that undergo financial hardship are offered support and flexible payment opCons if possible. Due to personal therapy being mandatory for our qualifying trainings, cost of training is a barrier to training for many and we are working hard to build bursaries so that people who currently cannot access our trainings can be offered financial assistance. At present, most of our trainings are self-funded. Our child and adolescent doctorate trainees are funded by NHSE, and our MSc students are eligible to apply for student loan funding. Some of our trainees on our parent-infant psychotherapy training have been funded by their NHS employer.

4. MEMBERSHIP

The bpf is a member insCtuCon of the BriCsh PsychoanalyCc Council (BPC) which is our regulatory body. Membership of the bpf is a necessary pre-requisite to access the BPC register. Graduates of those trainings that are run by the associaCons become associaCon members (IPCAPA, PPA and BJAA) and graduates of our other trainings become full members of the bpf. There are other categories of membership such as reCrement, trainee and maternity. We are developing equivalency processes with the BPC for qualified pracCConers who wish to become bpf members. At the end of this reporCng period, there were 740 members, half of whom are trainee members. This is a posiCve step for the organisaCon because the average member age is reducing whilst membership numbers have increased. The type of qualificaCon held by our members is diversifying due to the addiCon of our new trainings. During this reporCng period, 68% of our members live and work in London but we are working to provide trainings and opportuniCes naConally

Survey

In July 2023, we undertook the first bpf membership survey since 2017. The survey received 188 responses, a 35% response rate. The survey asked members’ opinions on all aspects of bpf organisaConal life including membership fees and benefits, member communicaCons and engagement, governance and transparency, leadership and strategic vision, trainings and trainee experience, clinical services, CPD and events, equality and diversity, and bpf’s building, faciliCes and digital resources. SMT produced a response paper, outlining to members how we would use the survey feedback to acCon change, improve member experience, and create an inclusive, welcoming, and responsive training and organisaConal culture for all.

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Con.nuous Professional Development (CPD)

Over the last 18 months, we have delivered over 50 CPD events with clinical, theoreCcal, conceptual, applied, philosophical and research-related content. We have also delivered ‘ professional issues’ workshops for practitioners (e.g. teaching skills, digital skills, research skills). CPD events were delivered in several formats, including lectures, masterclasses, webinars, ‘audiences with authors’, theoreCcal discussions, clinical case-studies, supervision groups, peer-support groups, reflecCve groups, workshops, research talks, open days, forums and conferences. Our CPD programme was designed with strategic input from the member-led Professional Events and CPD CommiEee.

We launched our new website this year which has included a members’ online forum that enables members to communicate directly with each other. We conducted an in-depth membership survey and appointed a new membership officer who is working hard with the feedback we received from the survey. We hold termly membership network meeCngs which are aEended by the chair of trustees and the chief execuCve. We have launched a new CPD strategy developed both through the membership survey results, and individual consultaCons with members, commiEee meeCngs and a trustee who dedicated her Cme to developing the CPD programme.

5. CLINICAL SERVICES

Our clinical service is a single point of entry, self-referral system for people looking to access psychoanalyCc or Jungian psychotherapy. All enquiries to the service are dealt with by our Director of Clinical Services and other qualified pracCConers. The treatment pathways include three Cmes a week intensive therapy with a trainee (low cost), intensive therapy with a qualified pracCConer (low cost where possible or for a fee) and once weekly low fee therapy with a trainee. All referrals that seem appropriate for psychoanalyCc work are assessed by a qualified member and a treatment pathway is recommended, in consultaCon with the paCent.

In this reporCng period, we received 1,278 enquires which led to 255 assessments. 118 paCents were placed with trainees and 75 were placed with qualified members.

We have a pool of referrals who we assess and who need to be seen by qualified pracCConers but who would not be able to afford the fees. At present, they are an un-met need, and it is very unlikely that they will find therapy elsewhere. We are pooling resources into fundraising so that we can provide low-fee therapy by experienced, qualified pracCConers who have experCse in working with people who need, and will benefit from, long-term therapy.

6. CORPORATE SERVICES

a. GOVERNANCE

EffecCve governance is fundamental to the bpf’s success. It enables and supports its compliance with the law and relevant regulaCons, and it also promotes a culture in which all the organisaCon’s acCvity and people are working towards fulfilling the bpf’s vision. During 2023 - 2024 the governance arrangements of the bpf have been strengthened to bring the Charity into line with the governance code for small chariCes.

The bpf is governed by a board of trustees that is made up of member trustees and three lay trustees. The board is supported by an audit and risk advisory commiEee comprising of non-member aEendees who have specialist knowledge of financial management, risk management, fundraising and markeCng.

Ongoing implementaCon and review of the governance arrangements has conCnued throughout 2023-24. Key policy gaps have been addressed and exisCng policies reviewed and updated.

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Trustees are appointed in line with bpf’s ArCcles of AssociaCon. The Trustees are also Directors of the organisaCon in line with the Companies Act 2006 and are registered at Companies House as Directors. They are jointly and severally responsible for the overall control and strategic direcCon of the bpf. Work has taken place throughout 2023-24 to strengthen the effecCveness of bpf’s Board of Trustees. This has included:

b. AUDIT & RISK COMMITTEE

The Audit & Risk CommiEee (ARC) is an advisory body, principally advising the Board of Trustees to help it discharge its responsibiliCes, and (where possible and appropriate) to the CEO and their leadership team. It provides independent assurance via a review of the BPF’s financial systems, financial informaCon, informaCon data security, risk management systems, governance arrangements and internal control mechanisms.

At least one ARC member is a pracCConer, to ensure that the commiEee’s discussions are informed by BPF member experience. Other ARC members bring different skills from their professional backgrounds – including: accountancy, markeCng, risk management and audit.

The ARC meets at least four Cmes a year, in advance of the Board of Trustees, so that the Board can be provided by with the ARC’s assessment when it formally considers e.g. the BPF’s draP report and accounts, budget, and risk management report. The Chair of the ARC aEends the Board of Trustees.

ARC members during the year 2023/4 were:

c. MAINTENANCE OF PREMISES, HEALTH & SAFETY AND CAPACITY

Maintenance

During 2023-24 a risk-based maintenance plan was undertaken to address essenCal works and to building. This has been successfully completed over the reporCng period. Architects were commissioned to develop a strategy for redevelopment of the exisCng site to modernise the building and maximise the space available to improve the trainee experience. The costs esCmated to carry out the architects’ plans will be funded through a series of fundraising iniCaCves.

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Health and Safety

The safety of all those who work and train at Mapesbury Road is of paramount importance. The Board of Trustees approved the procurement of Worknest in July 2002 to act as the organisaCon prescribed person in relaCon to Health and Safety in the workplace.

Worknest undertook a workplace assessment of the 37 Mapesbury Road on the 28[th] of October 2024. There was no priority one recommendaCons idenCfied requiring immediate aEenCon. There was two, priority two recommendaCons and five priority five recommendaCons idenCfied during the inspecCon. The Premises Manager has an ongoing plan that has addressed these recommendaCons.

Capacity of premises and fitness for purpose

The current building use is now at maximum capacity with over six hundred students undertaking, pretraining, qualifying training and post qualifying training. The CEO, commissioned architects in 2024 to develop plans to redevelop the exisCng site to maximise its potenCal and opCmise the space available that could see the exisCng aQc space converted into teaching space and making effecCve use of the exisCng space.

d. IT AND DATA HANDLING

During the reporCng period there has been significant increase investment in IT. This has included state of the art AV Equipment, digital screen and laptop. The previous Wi-Fi that was unstable was replaced with an effecCve telecom line into the building.

The IT provision is managed by an outsourced IT provision, Qlic-It Limited. The organisaCon uses two factor authenCcaCon for staff and Board members to access our IT. Qlic-It Limited caried out several iniCaCves to strengthen the security of the bpf’ systems.

Hope & May were appointed in September as the bpf Data ProtecCon Officer. The Governance Officer has carried out program of works across the bpf to record the informaCon assets held, establish and embed a robust culture to protecCng informaCon.

It is a mandatory requirement for all staff to complete all training prescribed in relaCon to protecCng informaCon on an annual basis.

7. STAFFING AND HR DEVELOPMENTS

a. STAFFING

The Board of Trustees approved the CEO’s strategy for growth plans. This resulted in the creaCon of four new courses from pre-training through to post qualificaCon training. To resource the strategy for growth an extensive recruitment drive was undertaken to hire nineteen posts, ranging from strategic, academic and operaCons posts.

The bpf was awarded silver status by the NaConal Centre for Diversity in July 2024. This award is a naConal diversity accreditaCon that recognizes excellence in this area. Specifically, it acknowledges the work the bpf has done to embed the FREDIE principles (Fairness, Respect, Equality, Diversity, Inclusion and Engagement) into all areas of the charity .

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b. HR DEVELOPMENTS

As part of an ongoing strategy introduce digital across the bpf’s HR records previously held electronically were migrated to our new HR plaHorm, Youmanage.

The HR Business Partner implemented Employee Assistance Program (EAP) with Vita Health Group to provide a strategic workforce tool that enhances employee wellbeing and resilience, thus impacCng posiCvely on producCvity, absence, engagement, performance, talent retenCon, risk management and business conCnuity.

Their specially trained, legal and informaCon team can help to resolve issues around: debt, legal concerns, consumer and care, whilst their counsellors are on hand to manage any emoConal concerns. Their manager support team can provide invaluable support to managers to maximize their team’s performance and personal impact and effecCveness.

A newly draPed Employee Handbook detailing the bpf’s policies and procedures was introduced in September 2023. The policies and procedures contained within the new Employee Handbook incorporated the FREDIE (Fairness, Respect, Equality, Diversity, Inclusion and Engagement) principles.

As part of its efforts to improve and promote mental health and well-being in the workplace, the bpf arranged training for three staff members to become qualified Mental Health First Aiders (MHFA). They will provide support and signpost anyone at bpf who is experiencing poor mental health to the support available to them. All staff were encouraged to reach out to the MHFAs confidenCally to discuss any mental health issues.

8. EQUITY, INCLUSION AND DIVERSITY

Diversity Accredita.ons

In July 2024, we were awarded ‘Investors in Diversity - silver mark’ from the NaConal Centre for Diversity (NCD). This award is a naConal diversity accreditaCon that recognizes excellence in this area. Specifically, it acknowledges the work the bpf has done to embed the FREDIE principles (Fairness, Respect, Equality, Diversity, Inclusion and Engagement) into all areas of the charity including our strategy and business plan, operaConal and line management systems, selecCon and recruitment pracCces, retenCon, reward and progression processes, performance management systems, procurement procedures and communicaCons. We have also been awarded ‘Disability Confident CommiEed’ employer status.

9. REVIEW OF FINANCIAL PERFORMANCE

Bpf wanted to bring in their financial year closer in line with the academic year and therefore the Board of Trustees agreed to move the year end from March to September and by doing so agreed to extend the current financial year to September 24 to create an eighteen-month reporCng period.

During the eighteen-month reporCng period the bpf has introduced four new courses, pre-training, the FoundaCon year a pathway to acquiring the requisite skills and knowledge to apply to the qualifying training, qualifying training, the PD Psychodynamic training, a once weekly training, and post qualifying trainings, Couples and Parent Infant Courses for those post qualificaCon who seek to broaden their skills sets in perinatal care and couples therapy . The introducCon of the four new courses contributed to total

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incoming resources for eighteen-month reporCng period at £3,055,081 (2022/23 12 Month period: £1,373,917).

Elsewhere, the Child and Adolescent training (IPCAPA) conCnued to grow reported income of £1,105,549 for the eighteen-month period, with seventy-three trainees on the four-year doctorate funded by NHS England. The funding provided by NHS England under a commercial contract that was re-tendered by the previous CEO, has been found to be insufficient to deliver high quality, resource intensive training to support the NHS Workforce Strategy. It is placing a burden on the organisaCon with limited resources. Ongoing meeCngs are taking place with NHS England to aEempt to resolve the funding gap. The bpf is also facing addiConal pressures from its delivery partner the Anna Freud Centre to provide addiConal funding to deliver the doctorate program.

The MSc in Human Development that forms part of pre-training reported £261,234 for the eighteen-month reporCng period despite the high aEriCon rate from year one to year two. The MSc acts as a feeder course to the Child and Adolescent training with a considerable number of the trainees progressing to the Child and Adolescent training.

Membership reported an increase in membership numbers and income for the first Cme since 2015-16, with income reported at £317,791 for the eighteen-month reporCng period. This was due to the introducCon of four new courses that has seen the trainee numbers overtake the full members that are of an aging populaCon and London centric. The trainees are of a diverse populaCon and are geographically spread.

The intensive trainings conCnue to see a low intake. This is due to a variety of factors, from those applying not possessing the requisite skills and experience for an intensive training together with the costs of a trainee being in analysis three Cmes a week for the enCrety of their four-year training being a barrier to training.

The Jungian training (BJAA) reported income of £55,715 for the eighteen-month period. It is anCcipated that the FoundaCon year will act as a feeder course for the BJAA once weekly training that will see its numbers and income increase in the next year.

The PsychanalyCc psychotherapy training (PPA) reported income of £98,619 for the eighteen-month reporCng period. This is despite a low intake year on year and with many of its exisCng trainees with only the clinical element of their training to complete.

Income from charitable acCviCes was £3,055,081 (2022/23 12 month period £1,373,917), due to the introduction of four new courses together with the growth of the trainee numbers for IPCAPA, Child and Adolescent Training.

15

Staff costs was reported at £1,889,653 for the eighteen-month reporting period, staff numbers increased from 28 to 36, with £1,099,356 of the pay bill expended on direct charitable activities, with support costs accounting for £790,927 of the pay bill.

Direct charitable expenditure was reported at £1,356,918 for the eighteen-month reporting period. This represents the non-staff costs of the delivery of core charitable activities.

Support costs was reported at £1,331,774 for the eighteen-month reporting period. This includes premises costs, IT costs, staff support costs, marketing, fundraising, safeguarding and depreciation and amortization.

Total expenditure reported at £3,788,048 (2022/23 12 month period: £1,737,100) exceeded income resulting in a net operational loss of (£732,965) (2022/23 12 month period: net operational loss £363,182). The Board of Trustees approved a strategy of funding from reserves for growth, this has seen the bpf income and expenditure increase proportionately. During the eighteen-month reporting period resources were directed to digital, building maintenance and staffing.

Restricted expenditure

Net restricted expenditure £1,836 (2022/23 12 month period: net expenditure £2,020) included a grant from NHS England of £60,000 and donations of £56,750.

Investments

Income from investments for the eighteen-month reporting period reported at £65,534 (2022/23 12 month period £54,117). The board of Trustees on advice from Sarasin PLC took the decision to dispose of investments held by CCLA to fund the strategy on investment for growth. Realised gains on disposal were on investments were reported at £13,644. Unrealised gains for the reporting period were reported at £124,007 (2022/23 12 month period loss £132,850).

Total reserves were reported at £3,074,586 on 30 September 2024, of which £224,013 is held as restricted funds (2022/23 12 month period: £273,368) and £1,803,189 as designated (2022/23 12 month period: £1,753,333). Designated funds consist of a legal fund of £20,000, a property fund of £1,693,333 and CADF monies for £89,856. Unrestricted funds amounted to £1,047,384 on 30 September 2024 (2022/23 12 month period: £1,643,200).

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 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 charity's 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.

16

Reserves

The board has reviewed the major risks that the charity faces, as a result the bpf is now committed to maintaining free reserves equal to 3-6 months operating costs, £483,000 to £967,000 and to retaining an additional sum of £20,000 as a legal fee reserve to ensure adequate cover for any probable future legal costs. Key financial control systems are reviewed annually. On 30 September 2024 free reserves were £1,047,384 which were above the target range set.

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.

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.

17

10. PRINCIPAL RISKS AND UNCERTAINTIES

The Trustees of bpf have ulCmate responsibility for ensuring risk is managed saCsfactorily within the organisaCon. In the 18 month reporCng period, bpf’s risk management policy and processes were reviewed and updated, and the central risk register was reviewed by Senior Management Team & the Audit & Risk CommiEee on a periodic basis. risk register was draPed.

Further work has been taking place within the first half of 2024to train staff on risk management and embed the new risk management processes. A risk update is provided monthly to the Senior Management team, and quarterly to Audit & Risk CommiEee. As well as an update on the key central/strategic risks, any operaConal or programme level risk with a residual score of high or more is escalated to SMT to consider in terms of adequacy of the miCgaCng controls, acCons, and oversight.

The principal risks that bpf must conCnuously address are those that affect the long-term ability:

There are always uncertainCes regarding the future external environment within which bpf operates, most notably government policy and funding for educaCon and training.

Bpf’s principal risks were heightened in 18 month period by the cost-of-living crisis, following on from the impact of COVID-19 in 2020.

The table below show the principal risks being managed by bpf at the end of the 18 month period and provides a summary of the miCgaCng acCon and controls in place to manage them.

Principal risks Summary of key mi.ga.ng controls and ac.ons
Financial posi.on:Insufcient income and
reserves to achieve strategic objecCves and
maintain operaCons		 • Implementation of income growth plans
• Financial procedures and policies
• Production revised forecast and pay bill
• Early commencement of the once weekly PD Training.
• Revision
of
training
fees
Development and implementation of fundraising strategy,
pipelines
and
applications
Outsourcing of the finance function to strengthen the
financial management & budgetary controls, robust
business partnering
• Internal auditors to be appointed and internal audit
planned for key areas of risk
•
Delivery of Business plan: Failure to deliver
objecCves in one year business plan and
three-year strategic plan		 • Planning, performance, and risk management framework
developed and processes in place for regular reporting to
SMT and ARC
• Key growth initiatives fully implemented with further
strategies for growth and fundraising in progress in line with
five-year strategy
• External audit to be carried out
Governance:
Non-compliance
with
regulatory requirements or failure bpf
governance		 • Trustee training completed
• Terms of reference for Board, Audit & Risk Committee and
SMT completed
• Annual programs implemented for SMT; Audit &Risk
Committee & Board completed.
• Effectiveness review of Board completed
• Regularly reviewed policy register completed
• Development disaster recovery plan

18

IT and data security: IT infrastructure not
ft for purpose, cyber security and data
breach risks		 • Staff training in cyber security, data protection, remote
working completed
• Hope & May appointed as Data Protection Officer
• Information assets recorded & training on GDPR completed
• Full set of implemented IT policies completed
• Oversight of third-party IT providers
• Implementation of Sage Product
• Penetration testing to be carried out
• Implementation of LearningManagement System,Moodle
Building:Mapesbury road not ft for
purpose, non-compliance with regulatory
requirements		 • Implementation of action plan to address issues in 2024
inspection report
• Door entry system completed
• Upgrade of fire alarm and burglar alarm system
• Essential repairs and maintenance completed to the
building
• Installation defibrillator
• Health and Safety policy and training for all staff
• Accessibility audit
• Business continuity plan - workshop testing
• Ongoingreview of capacityissues andpotential solutions
Stafng: Failure of leadership, inability to
recruit, retain and develop staf efecCvely,
organisaConal culture hinders pursuit of
strategic objecCves		 • All staff trained on FREDIE
• Recruitment of key growth roles and more diverse trustees
• New appraisal and supervision process implemented.
• Succession planning
• 360 appraisals of SMT
Safeguarding: Failure to safeguard children
and vulnerable adults		 • Safeguarding training to all staff completed
• New DBS provider appointed
• Review of DBS approach for members and freelance
workers providing services
• Harmonisation
of
bpf
safeguarding
policy
with
Psychotherapists’ Professional Code of Ethics
Reputa.on:Occurrence of incidents or
events that damage bpf’s reputaCon		 •
Regular monitoring and reporting to SMT on bpf risks
•
Trustee training
•
Communication and crisis management strategies to be
developed
•
Whistleblowing policy
•
Codes of conduct for staff, trainees, and members
• Environmental and social responsibility policy to be
developed

19

11. PLANS FOR FUTURE

Due to the fast growth of the organisaCon over the last two years, the trustees decided to write a new strategy for the next five years. APer an eight-month period of consultaCon with members, staff, trainees, and external stakeholders the trustees presented a new strategic plan for 2025 – 2030.

The new plan focuses on three new core objecCves with the following cross-cuQng themes underpinning each objecCve: Membership and training, diversity, accessibility, and clinical services.

SP1. Become a na.onwide centre of excellence for psychoanaly.c academia, research, and clinical services.

We believe that safe and effecCve psychotherapy must be underpinned and informed by acCve research and an academically focused community. The bpf is a growing community of rigorously trained professionals and we aim to foster an environment of intellectual invesCgaCon and knowledge disseminaCon. We aim to enable our members to be informed by the latest developments in psychoanalyCc thinking and to find accessible ways for this knowledge to reach the wider public. We will conCnue to work with our academic partners such as University College London, The Anna Freud Centre, Birkbeck University, Exeter University. We will conCnue our own work towards our registraCon with the Office for Students and to conCnually improve our academic standards and quality assurance.

SP2. Become a fundraising organisa.on.

The bpf has never been a fundraising organisaCon, and we have tradiConally relied on our trainings and membership fees for income generaCon. We are now in a posiCon where we can begin to fundraise so that we can increase our social impact through providing greater access to low-fee psychotherapy, increase the diversity in our trainee and membership populaCons by raising money for training bursaries, and creaCng greater financial stability for the organisaCon.

Our fundraising acCviCes will include:

Provide services to the public through disseminaCon of knowledge, training excellent psychotherapists, and increasing access to low-fee, intensive psychotherapy.

Fundraise through bids to trusts and foundaCons to increase accessibility for people with complex needs to intensive, long-term psychotherapy.

Provide employment opportuniCes to our qualified members by increasing our clinical services capacity.

Fundraise to generate income through legacies and individual giving to provide bursaries for people who cannot usually afford our training fees.

Fundraise through legacies, individual giving and events to cover core costs of running the organisaCon.

SP3. Con.nue to run a highly effec.ve, efficient, and inclusive organisa.on.

We are commiEed to improving and consolidaCng the work we have undertaken to professionalise the organisaCon. We will be focusing on income generaCon to improve financial health, we will conCnue to improve the governance arrangements at board and internal levels, we will conCnue to monitor risk and performance and provide feedback to the trustees and members.

We will:

ConCnue to provide excellent membership services including fostering clear communicaCons between staff and members.

20

Develop closer relaConships with our trainees and students to create an environment of co-creaCon of the learning experience.

ConCnue to develop a learning environment that takes account of diverse learning needs of our students and trainees.

ConCnue to develop the skills and knowledge of our staff and foster an inclusive, nurturing work environment.

Ensure robust financial and risk management controls are in place.

Ensure effecCve governance with reviews.

Ensure our policies comply with EDI and modern anC-slavery regulaCons. Ensuring our recruitment and selecCon processes are fair and open.

This report was approved by the board of directors on 29[th] April 2025 and signed on its behalf.

Jean Knox, Chair of Board of Directors

21

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 ‘charitable company’) for the period ended 30 September 2024 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 The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

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

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

22

INDEPENDENT AUDITOR’S REPORT (CONTINUED)

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 misstatements in the directors’ report included within the trustees’ report.

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.

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

23

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE BRITISH PSYCHOTHERAPY FOUNDATION (CONTINUED)

Auditor’s responsibilities for the audit of the financial statements

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

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

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

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken, so that we might state to the charitable company’s 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 charitable company and the charitable company’s members as a body, for our audit work, for this report or for the opinions we have formed.

9 May 2025

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

24

BRITISH PSYCHOTHERAPY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE 18 MONTH PERIOD ENDING 30 SEPTEMBER 2024

Income and Endowments:
Donations and Legacies
2
Investment income
3
Charitable Activities
Membership
Training Fees
4
Pre-trainings including MSc Course Fees
Short Courses
Events
Publication Income
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
Notes		 Unrestricted
Designated
Restricted
Total 2024
Total 2023
18 Month
Period
12 Month
Period
£
£
£
£
£
37,218
150,000
80,000
267,218
118,283
65,534
-
-
65,534
54,117
317,840
-
-
317,840
209,905
1,267,243
-
-
1,267,243
721,861
997,203
-
-
997,203
213,586
98,569
-
-
98,569
18,756
9,122
-
-
9,122
3,666
12,291
-
-
12,291
26,829
14,829
-
-
14,829
6,913
5,232
-
-
5,232
-
2,825,081
150,000
80,000
3,055,081
1,373,917
335,096
-
-
335,096
210,028
1,962,820
34,137
81,836
2,078,793
1,150,566
1,058,355
-
-
1,058,355
270,278
134,127
-
-
134,127
17,357
9,934
-
-
9,934
5,409
49,222
-
-
49,222
36,534
122,520
-
-
122,520
46,927
3,672,074
34,137
81,836
3,788,047
1,737,100
(846,993)
115,863
(1,836)
(732,966)
(363,182)
137,651
-
-
137,651
(132,850)
(709,342)
115,863
(1,836)
(595,315)
(496,032)
113,526
(66,007)
(47,519)
-
-
(595,816)
49,856
(49,355)
(595,315)
(496,032)
1,643,200
1,753,333
273,368
3,669,901
4,165,933
1,047,384
1,803,189
224,013
3,074,586
3,669,901

25

BRITISH PSYCHOTHERAPY FOUNDATION STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2024

Note 18 Month Period to 12 Month Period to 12 Month Period to
30/09/2024 31/03/2023
£ £ £
FIXED ASSETS
Intangible Asset 8 - -
Tangible Fixed Assets 9 136,185 96,128
Freehold Property & Improvements 10 1,693,333 1,733,333
Investments 11 1,165,113 1,443,781
2,994,631 3,273,242
CURRENT ASSETS
Debtors 12 572,877 490,363
Cash at Bank & In Hand 793,361 351,732
1,366,238 842,095
CREDITORS:Amounts Falling Due within One Year 13 (1,286,283) (445,436)
NET CURRENT ASSETS 79,955 396,659
TOTAL ASSETS LESS CURRENT LIABILITIES 3,074,586 3,669,901
CREDITORS:Amounts Falling Due after One Year 13 - -
FUNDS 14
Restricted Funds 224,013 273,368
Designated Funds 1,803,189 1,753,333
Unrestricted Funds 1,047,384 1,643,200
3,074,586 3,669,901

These financial statements were approved by the Board of Trustees on 29th April 2025 and were signed on its behalf by:

…..........................................................................

Jean Knox Director

Registered Company No: 08238969 Registered Charity No: 1150806

The notes on pages 28 to 34 form part of these Financial Statements

26

BRITISH PSYCHOTHERAPY FOUNDATION STATEMENT OF CASH FLOWS FOR THE 18 MONTH PERIOD ENDING 30 SEPTEMBER 2024

Note
Cash Flow from Operating Activities
Net cash provided by (used in) operating activities
18
Cash Flow from Investing Activities:
Investment Additions
Investment Disposals
Purchase of property, plant & Equipment
Net cash provided by (used in ) investing activities
Change in Cash & cash equivalents in the operating period
Cash & Cash Equivalents at the beginning of the operating period
Cash & Cash Equivalents at the end of the reporting period		 2024
2023
18 Month
Period
12 Month
Period
139,112
(459,431)
-
(498,180)
416,319
898,273
(113,802)
(105,134)
302,517
294,959
441,629
(164,472)
351,732
516,204
793,361
351,732

27

BRITISH PSYCHOTHERAPY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE 18 MONTH PERIOD ENDING 30 SEPTEMBER 2024

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 employees’ 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 £1,000 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 Library, books, films & 15% reducing balance Furniture & Fittings 25% reducing basis, Equipment basis Office Equipment 33% straight line basis Database and IT equipment 33% straight line basis

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.

28

BRITISH PSYCHOTHERAPY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 18 MONTH PERIOD ENDING 30 SEPTEMBER 2024

2 GRANTS AND DONATIONS

2 GRANTS AND DONATIONS
Grants
Donations
Members' and donations
3 INVESTMENT INCOME
Interest
Dividends
4 TRAINING FEES
IPCAPA Training
PPA Training
BJAA Training
Less Bad debt provision
5 CHARITABLE ACTIVITIES
Membership
Education
Qualification Courses
MSc & pre-trainings
Short Courses
Events
Clinical Access & Services
Publications
6 SUPPORT COSTS
Staff Costs
Other Staff Costs
Premises Costs
Communications costs
Office Running Cost
Governance Cost		 2024
2023
18 Month Period
12 Month Period
£
£
210,000
69,500
56,750
48,703
468
80
267,218
118,283
2024
2023
18 Month Period
12 Month Period
£
£
6,406
-
59,128
54,117
65,534
54,117
2024
2023
18 Month Period
12 Month Period
£
£
1,105,549
628,822
98,619
88,884
63,075
11,040
-
(6,885)
1,267,243
721,861
Direct
Staff Cost
Support
Total
£
£
£
£
86,047
93,261
155,788
335,096
-
972,226
485,433
621,134
2,078,793
227,951
341,629
488,775
1,058,355
18,713
67,101
48,313
134,127
5,463
-
4,471
9,934
-
2024 - 18 Month Period		 Direct
Staff Cost
Support
Total
£
£
£
£

71,769
33,018
105,241
210,028
-

511,570
280,292
358,704
1,150,566

94,431
68,760
107,087
270,278

5,621
2,332
9,404
17,357

3,571
-
1,838
5,409
2023 - 12 Month Period
1,310,400
987,424
1,318,481
3,616,305		 686,962
384,402
582,274
1,653,638
3,320
111,932
7,268
122,520
43,198
-
6,024
49,222		 4,430
39,032
3,466
46,928

23,082
-
13,452
36,534
1,356,918
1,099,356
1,331,773
3,788,047		 714,474
423,434
599,192
1,737,100
Membership
Training
Courses
MSc & pre-
training
Short
Courses
Events
Total 2024
Total 2023
18 Month
Period
12 Month
Period
£
£
£
£
£
£
£
100,335
368,592
290,047
28,670
2,653
790,297
298,057
11,563
42,479
33,427
3,304
306
91,079
49,774
37,132
136,406
107,339
10,610
982
292,469
180,390
6,101
22,411
17,635
1,743
161
48,052
14,302
12,273
45,087
35,479
3,507
325
96,671
39,149
1,677
6,159
4,847
479
44
13,206
17,520
169,081
621,134
488,775
48,313
4,471
1,331,774
599,192

29

BRITISH PSYCHOTHERAPY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 18 MONTH PERIOD ENDING 30 SEPTEMBER 2024

SUPPORT COSTS PRIOR YEAR

Staff Costs
Other Staff Costs
Premises Costs
Communications costs
Office Running Cost
Governance Cost		 Membership
Training
Courses
MSc & pre-
training
Short
Courses
Events
Total 2023
£
£
£
£
£
£
60,766
178,431
53,268
4,678
914
298,057
10,148
29,796
8,896
781
153
49,774
36,777
107,990
32,239
2,831
553
180,390
2,916
8,562
2,556
224
44
14,302
7,980
23,438
6,997
614
120
39,149
3,572
10,487
3,131
276
54
17,520
122,159
358,704
107,087
9,404
1,838
599,192

7 STAFF COSTS AND KEY PERSONNEL

No remuneration was paid to directors during the year. Expenses reimbursed to them in their capacity as directors amounted to £94 (2023: Nil). A number of the directors received fees in respect of professional services rendered as psychotherapists during the year amounting to £5,320 (2023: £2,960).

The staff costs of remaining staff were:

2024 2023
18 Month Period 12 Month Period
£ £
Wages and Salaries 1,693,887 625,960
Social Security Costs 161,045 66,227
Pension Costs 34,721 16,684
1,889,653 708,871

Note: The Staff costs and Key Personnel figures for 2024 are based on an 18 month period whereas 2023 is based on a 12 month period. During the 18 month period of 2024, an increase in staff numbers and the number at management level took place.

Key management personnel for all or part of the year consisted of Five individuals (2023: three). The total rumuneraton for key personnel amounted to amounted to £439,875 (2023: £169,198).

Staff receiving remuneration greater than £60,000 were:

Staff receiving remuneration greater than £60,000 were:
2024 2023
18 Month Period 12 Month Period
£ £
Between £60,000 and £70,000 1 2
Between £90,000 and £100,000 1 -
Between £110,000 and £120,000 1 -
Between £130,000 and £140,000 1 -
4 2
**8 ** INTANGIBLE ASSET
Publication rights: British Journal of Psychotherapy
30/09/2024 31/03/2023
£ £
Cost at 1 April 10,000 10,000
Accumulated amortization
At 1 April 10,000 10,000
Charge for the period - -
At 30 September / 31 March 10,000 10,000
Net book value at 30 September / 31 March - -

30

BRITISH PSYCHOTHERAPY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 18 MONTH PERIOD ENDING 30 SEPTEMBER 2024

9 TANGIBLE FIXED ASSETS

Cost:
At 1 April
Revaluations
Additions
Disposals
At 30 September / 31 March
Accumulated depreciation:
At 1 April
Charge for the period
At 30 September / 31 March
Net book value at 30 September 2024:
Net book value at 31 March 2023:
10 FREEHOLD PROPERTY & IMPROVEMENTS
NET BOOK VALUE
At 30 September 2024		 Freehold
Equipment
Film
Property
Furniture &
Equipment
Total
Total
Fittings
& Books
30/09/2024
31/03/2023
£
£
£
£
£
2,000,000
264,290
56,029
2,320,319
215,185
-
92,585
21,217
113,802
105,134
-
-
-
-
-
2,000,000
356,875
77,246
2,434,121
320,319
266,667
174,057
50,134
490,858
188,060
40,000
72,043
1,702
113,745
36,131
306,667
246,100
51,836
604,603
224,191
1,693,333
110,775
25,410
1,829,518
96,128
1,733,333
90,233
5,895
1,829,461
Total
£
1,693,333

The freehold property at Mapesbury Road was valued as at 30 September 2024 by Homeview Estate Agents at £3.5m. The property continues to be recorded in the financial statements at historic cost.

11 INVESTMENTS

Quoted Investments
Balance Brought Forward
Additions
Disposals
Unrealised and Realised Gain/ (Loss)
Market value at 30 September / 31 March
Held at year end:
Sarasin Alpha CIF
CAF Balanced Growth Fund
COIF Charity Investment Fund - Accumulation Shares
Triodos Bank		 30/09/2024
£
1,443,781
-
(416,319)
137,651
1,165,113
1,163,832
-
-
1,281
1,165,113		 31/03/2023
£
1,976,725
498,180
(898,274)
(132,850)
1,443,781
1,220,561
67,857
154,082
1,281
1,443,781

31

BRITISH PSYCHOTHERAPY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 18 MONTH PERIOD ENDING 30 SEPTEMBER 2024

12 DEBTORS

Debtors
Bad Debt Provision
Trainee loans
Payments in advance
13 CREDITORS
Trade creditors
Deferred income
Credit card
Accruals
PAYE and staff related
Jungian archives
14 FUNDS
Restricted funds
Trainee Loan Fund
HEE - Equality, Diversity & Inclusion Fund
Child Training
Trainee Bursary Fund
Trainee Bursary Fund - 2018
Trainee Bursary Fund - 2019
Rosalie Joffe Fund
Lionel Monetith Lecture Fund
Eileen Curtiz
Teresa Hirsch Fund
Estella Welldon Fund
Gyll Moore Fund
Premises Fund
Lincoln Legacy
Fixed assets Fund
Designated funds
Property Fund
Legal Fees Fund
CADF Fund
General reserves
Total reserves		 30/09/2024
31/03/2023
£
£
512,429
315,678
(13,356)
-
5,640
6,581
68,164
168,104
572,877
490,363
30/09/2024
31/03/2023
£
£
27
27,439
1,130,521
291,927
2,940
-
118,441
101,332
34,255
24,233
99
505
1,286,283
445,436
Balance
Incoming
Investment
Balance
B/F
Resources
Expenditure
Gains/losses
Transfers
C/F
£
£
£
£
£
£
9,155
-
9,155
-
57,300
60,000
78,436
-
(12,500)
26,364
103,229
20,000
3,200
-
(16,746)
103,283
12,063
-
-
-
(12,063)
-
6,710
-
-
-
(6,710)
-
20,000
-
-
-
(20,000)
-
-
-
200
-
20,000
19,800
5,268
-
-
-
-
5,268
1,700
-
-
-
-
1,700
3,214
-
-
-
-
3,214
-
-
-
-
500
500
314
-
-
-
-
314
37,099
-
-
-
-
37,099
17,316
-
-
-
-
17,316
-
-
-
-
-
-
273,368
80,000
81,836
-
(47,519)
224,013
1,733,333
-
-
(40,000)
1,693,333
20,000
-
-
-
-
20,000
-
150,000
34,137
(26,007)
89,856
1,753,333
150,000
34,137
-
(66,007)
1,803,189
1,643,200
2,825,081
(3,672,074)
137,651
113,526
1,047,384
3,669,901
3,055,081
(3,788,047)
137,651
-
3,074,586

32

BRITISH PSYCHOTHERAPY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 18 MONTH PERIOD ENDING 30 SEPTEMBER 2024

Prior year:

Restricted funds

Trainee Loan Fund
Child Training
Premises Fund
Trainee Bursary Fund
Trainee Bursary Fund - 2018
Trainee Bursary Fund - 2019
Lionel Monetith Lecture Fund
Lincoln Legacy
Eileen Curtiz
Gyll Moore Fund
Teresa Hirsch Fund
HEE - Equality, Diversity & Inclusion Fund
Designated funds
Property Fund
Legal Fees Fund
General reserves
Total reserves		 14,545
-
-
-
(5,390)
9,155
124,869
48,703
(84,033)
-
13,690
103,229
37,099
-
-
-
-
37,099
12,063
-
-
-
-
12,063
6,710
-
-
-
-
6,710
20,000
-
-
-
-
20,000
5,268
-
-
-
-
5,268
25,616
-
-
-
(8,300)
17,316
1,700
-
-
-
-
1,700
314
-
-
-
-
314
3,214
-
-
-
-
3,214
24,000
69,500
(36,200)
-
57,300
275,398
118,203
(120,233)
-
-
273,368
1,760,000
-
-
-
(26,667)
1,733,333
20,000
-
-
-
0
20,000
1,780,000
-
-
-
(26,667)
1,753,333
2,110,545
1,255,714
(1,616,876)
(132,850)
26,667
1,643,200
4,165,943
1,373,917
(1,737,109)
(132,850)
-
3,669,901

15 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted Fund
Designated Fund
Unrestricted Fund
Prior year:
Restricted Fund
Designated Fund
Unrestricted Fund		 Net Current
Fixed Assets
Investments
Assets
Total
£
£
£
£
22,015
201,998
224,013
1,783,189
-
20,000
1,803,189
24,314
1,165,113
(142,043)
1,047,384
1,829,518
1,165,113
79,955
3,074,586
-
-
-
Net Current
Fixed Assets
Investments
Assets
Total
£
£
£
£
-
273,368
273,368
1,733,333
-
20,000
1,753,333
96,128
1,443,781
103,281
1,643,190
1,829,461
1,443,781
396,649
3,669,891

16 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.

17 TAXATION

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

33

BRITISH PSYCHOTHERAPY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 18 MONTH PERIOD ENDING 30 SEPTEMBER 2024

18 NOTES TO THE CASH FLOW STATEMENT

30/09/2024 31/03/2023
£ £
Reconciliation of net movement in funds to cash flow from operating activities
Net movement in Funds for the reporting period as per the Statement of Financial Activities (595,315) (496,032)
Adjustment for
(Gain)/Loss on investments (137,651) 132,850
Depreciation charges 113,745 62,798
(Increase)/decrease in debtors (82,514) (329,175)
Increase/(decrease) in creditors 840,847 170,128
Net cash provided by (used in) operating activities 139,112 (459,431)
Analysis of Cash & Cash Equivalents
Cash at bank 793,361 351,732
Total Cash & Cash Equivalents 793,361 351,732
**19 ** Related Party Transactions
There were no related party transactions in the year.
**20 ** Comparatives for the Statement of Financial Activities
Unrestricted **Designated ** Restricted Total 2023
Notes £ £ £ £
Income and Endowments:
Donations and Legacies 2 80 - 118,203 118,283
Investment income 3 54,117 - - 54,117
Charitable Activities
Membership 209,905 - - 209,905
Training Fees 4 721,861 - - 721,861
Pre-trainings including MSc Course Fees 213,586 - - 213,586
Short Courses 18,756 - - 18,756
Events 3,666 - - 3,666
Publication Income 26,829 - - 26,829
Room Hire and Lettings 6,914 - - 6,914
Clinic Access and Services - - - 0
Other 1,255,714 - 118,203 1,373,917
Total Income
Expenditure:
Charitable Activities 5
Membership 210,028 - - 210,028
Education
Training Courses 1,030,343 - 120,223 1,150,566
MSc Course & pre-trainings 270,278 - - 270,278
Short Courses 17,357 - - 17,357
Events 5,409 - - 5,409
Publications 46,927 - - 46,927
Clinical Access & Services 36,534 - - 36,534
Total Expenditure 1,616,876 - 120,223 1,737,099
Net Income/Expenditure before gains/(losses) (361,162) - (2,020) (363,182)
Net Gains/(Losses) on Investments (132,850) - (132,850)
Net Income/Expenditure (494,012) - (2,020) (496,032)
Transfers Between Funds 26,667 (26,667)
Net Movement in Funds (467,345) (26,667) (2,020) (496,032)
Total Funds brought forward 2,110,545 1,780,000 275,388 4,165,933
Total Funds carried forward 1,643,200 1,753,333 273,368 3,669,901

34