REGISTERED COMPANY NUMBER: 08287687 {England and Wales) REGISTERED CHARITY NUMBER: 1154989 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR FAVERSHAM COUNSELLING SERVICE LIMITED FAVERSHAM COUNSELLING SERVICE LIMITED CONfEiwfs OF THE FINANCIAL STATEMENrs For the yeArended 31 March 2024 Page Report of the Trugteeg I to 9 Report of the Independent Audltorg 10 to 13 ststemènt of Flnantlil Attlvltlti 14 Bal*Nce Sheet 15 Cash Flow St4temen¢ 16 Nottt to th• FlnintlAI Statemtmts 17 to 29 Det#lled Ststement of FIDAnelal Aetlvltles 30 to 31 FAVERSHAM COUNSELLING SERVICE LIMITED REPORT OF THE TRUSTEES For the year ended 31 March 2024 Thc Trusiees, who are also direcloi's of the charity for thc purwses of the Compunies Act 2006, prcsent their reFon with the rinancial staiemenis of the ch&rily for the year l April 2023 to 31 March 2024. This report 15 also ihe directors, report. The TnJstee8 have adopted the provisions of Accounting and Rcporting by Charities.. Statement of Rccommended Prac(ice applicable to chdrilie8 preparing their accounts in aLcordance with th¢ Financial Reporting Standard applicable in (he UK and Republic of Ireland IFRS 102) (cl'fcctive l January 2019). VISION, OBJECTIVES AND MAIN ACTtVlTIES Vlslon raversham Counsclling ScrviLe's IFCS) vision is lo ensure that Ihose requiring talking therapies can pccess them ai the time ofneed in Faversham and thc surrounding areas. b. ObJtctlvtS In selling objectives and planning for activiliLs. the Truslces have considLred general guid&nce publi5h¥d by the Charily Commission rcla(ing io public bcnefil. including the guidancc ' Public benefit.. running & cliarity (PR2)'. Our misSiOII Our mission is to enable eLsc ol'access in the provision ol'NILE-approved Talking Therapies in and acrobs Kenl and Medway, Wc aim ¢0.. Develop FCS to ensure that we are one of Kcn('s Icading cliariti¢s for cOUn￿lI1n￿ and psychological Iherapics, including accreditation by the BAQ P (British A550cialion f(?r Ci)unselling & Psychoiherapy) Provide NICE-appruved. evidenLed based talking therapics Our valuej Our work is guided and infornied by our commitn)ent to,. Woi'king with those that come to us for therapy Listening to our clients by continuously workin8 with Glicnl f¢cdbAck. enabling opinions to be heard and improve outcomes for patients Striving towards true inclusivcness Working in partnership, so that wc can support our clients fully Improving urcess to high quktlity Talking Therapies Reallsing our vi$lon Our strategic goals are: Excellencc in servicc Excellence in psychological therapy EX￿11¢n¢¢ in cli¢nl recovery Removing stigma Pagc I FAVERSHAM COL'NSELLING SERVICE LIMITED REPORT OF THE TRUSTEES- cotttinued For the year tnded 31 March 2024 Main Activitie5 FCS pi'imai'ily worked with the NHS providing Ircc NHS Talking Thcrapi¢5 to all those living wiiliin Swalc and sui'rounding areas and with the ljniversity Mcdical CLnlre to provide the bamr scrviu¢b lo all Ih05e living within Canierbury and surrounding ur¢as. Huwcvcr, from April 2024. NHS SLfvic¢5 were transferred (o a new providcr and the charily will Ih¢refoi'e ri)cus un uui. priiwatc. cui'purat¥ and 8ub.%idised clienis providing talking thei'apics and suppoi'l in line witli our rcgisiercd charitablc objectives. d. Attlvltles for Aehltvlng ObJee¢ivts FCS .started 30 years ago as a chai'ity based in Faversham. In thac (inie. il has grown and. alihough we rcmain wiihin I'-day responsibi lity is delcgei'iodiL benLhmarkiiig is LondiiLted, dr(IwinL> on bulh CNLLina tISSLS.%mLnts Irom our I IR consultant and inlLrnal CV¢iluaiions by Ihc IrusieLS t() ensurc lair Lomp¢Lilive LompLll&¢ilion. ACHIEVEMENTS AND PERFORMANCF, FiiiAnciAI Pei'foriMAiice l)ui'ing Ihe ycai. to 31 M(il'Lh 2024. in¢i)mL in¢rcased lo £ l.Y23,661 {2023.' £1.560,4951 with an inLI-Lased exp¥nditur¢ or £1,866.?9212023.' £1.623,415). TIIL. vvLrall .%urplus for the pcriod was £57.34512D23.. 1)LtiLit £63,945). Thc surplus fur ihL PLriud lur uni'csirict¥d fundb was £185,29412023- £143,279 Dcficitl demonslr4lting our rcsulis were better than ihc hcadlinc incoffic & cxpcnditUTL ligures suggest. Tlie dilterencc is elplaincd by Llie SORP disclosurc ol. rcslricied lunds. With tlie end of tlic NHS conLI'aLI. SORP di5cIosures of NHS funds to bL spcnt on Supporting Nl IS I'alking I'herapies siarr in the future rcduccd 10 zero (2023: £130.860). 0(her rcsii'iLted fund income d1￿cloSed in advancc was £3,135 (2023 12241. Oui. primary source ofiunds during th¢ year wa.4 NHS Contracts for ihc provision OINHS Talkino Thcrapies serviLes dnd the devclopmLnt ol. rclatcd statl.. WL wei-c again able io deliver an inir¢dse in activity and, with the support of thc ICB provide Iraiiiing to a grcatcr nutnbcr ol"Therapisls Th'hich was core 10 ihe SUCLes.4 of thc linancial year. b. Review of ChAritable Activities FCS is cortlmilted io m¢eling the needs ofihe iommunily and over th¢ 12 monihs has been focu.qed on providing high quality sci'vices foi. our patient5. Page 3 FAVERSHAM COUNSELLJNG SERVICE LIMITED REPORT OF THE TRUSTEES - eontinued For the year ended 31 Mgrch 2024 Clinical Dirtctor Annual Rt ort I.'CS has a fully train¢d worklorcL of therapisis working under thc BACP (Brilish As50¢iation for Counselling Psychoilierapy) Servicc Acci'cdilation SLhcme and ils F.IhiL¢il Ciuidclincs for (Tood Workingi Pracli¢c, &s ivcll as tlic RABCP (Britisli A.ssocialion of Bchavioui'al and Cognitive P5ychuihcrdPiSlS), IJKCP and other I'CLugni.%ed acci'editalion b(Idies. Wc provided expanded oppui'tuniti¢S Lind exp¥l'i¢ncc lo NHS Talking Thcrupi¢s (rainee Ihcrapisls increasing again the numbLr ol. trainccs suppui'(Ld io prcviou% year. Rcsponding lo the I'equircd changc8 in service provision. and the 5chedulcd cnd r)f the NHS Talking Therapics conti'act. il will be neLessary to crcale dnd 5UStain a workfoi'ce Ilial enablcs continuity ul. cxisling individual treaimcnL ()ffers as wcll as expansion ol-capacity to respond lo dcsired increase in demand for individual trcatmenl offei's. Addiiionally, we will necd lo expand upon our SLupe 10 oITei' Ii'ca¢m¢ni and training lo CUlVDraLe clicnls. Incrcased individual Ii'eaiinLnl provisi(In and addiiional ¢orpoi'aLc SLrviLL% will foi'm th¢ basis of lh¢ main fuLUS of busincss for l-.cs r()11()wing the winding down ol'thc NFIS Talking Therapies coniraci. A¢Credit¥t1¢b￿ & Expertise: L¥i.5ling Ici'c5s ol. aLLI'cditaLiun h(Iih nii an individual and SL'fviLe level ivill L(Inlinue, with FC.S pldnning Iii mainiain 11% aLLrLdilali()n with the Britlbli Associalii)n ()I' C.i)un.s¢lling P.%ychoiliL'I'dpi.%ts IBAQ P) and I'Lquiring individuals IrLgardle4s i)l- mi)ddl itv) iu h¢lVL (ichiLved IIIL rLquirLd ILVLI (Il'(ILLr¢diliiliun SPLLI IIL Lo Lheii. modalitlL% anli in u¢LurLldnce wilh IliL I'Llevdni ' lor thc rcquirLd lului'L dLmand ol- IhL .%Lrvice, will I'L4uifL thL capdLlty Lhdt rLtnaini118 Linpli)yed Llinicians (Illii., 11) be au&>niLnted iviih scssional cliniLidns ivhcn dLmand arise.8. Inlornidl discussiulls ivi(h pi'o%pecLivc scs.%ional Llinicians. suggcsl. Il)ai l-"CS sliould not eYpLfiLllLe any issucs in IoLdiing pei'sonnL.l %¥'ho ai'L buth cliniLully approprialL (Ind als() motiV¢l(Ld (c) j()in or r¢jL)in l.'C'.%. Siudei)t CounSLII()rN'. FCS ha.% Pl'LViDU.4ly ofiLI'ed sludLlli L()un.%cllui) opporlunitiLS tn LuinplLtc thLif acci'Ldilation bv volunieering in our Subsidised Counsillinuj S¢rvice providld ill a di5¢0unicd ratc. WL wauld hupc to rLvisiI Ihis ds P¢irt of ihl I.-CS L￿panSIon. Outcomes and Etricaey of Treatment l)¢spilL tlie compl¥Xity LfLdlLd ivith the (ranslir of Ihc Nl-ts Talking -l-hcrapiLS contraLI. our recovcry raiLb Loniinued io b¢ sieady and within the exp¢ilulions vfoui. lai'get5. In LICCSS 18.000 NHS Sessions were off¢rLd as F CS continued io deliver ils conlraclual KPI's which al'e rcportcd and I'eviewed ihrough a iobusl I'eporting sli'uLturc mainlained by regulaT Posilive pertorm&ncc meetings with th¢ ICB. WiÉh a move away Ii'om the repoi'ting standard.4 specific to NHS Talking Therapics scrvices. FCS explorLd the us¢ ol. its previous, NHS oi'ientatLd. paticnt management 5yStem. ncw system was identiliLd which pruvides thc nccessary inlrastruclure for record keeping and facilitaies analysis of outcomcs I'elaiing to Llinical cllicacy. risk reporting and produiliviiy whist Pi'oviding a significant cosi reduction. Historic paticnt dlltts I'el&t¢d to aur NHS Talking Therapics gerviLe, as rcquircd to provide subject kiL¢ess requests 15 rctainLd in a read only aLcess liccnce to the pi'ior system. Our Non-NHS activity volumes grew signiticanily during the year wilh an averagc of more ihan 200 scssions offered each month: doubling the turnDvcr on ihc prior ycar. OulLumes for thcsc activitie5 are managed and assC5scd in diffci'cnt ways from our itltemal managcmcnl i-cvicw pi'OCCSscs lu dual recording into partne15 own patient managemcnt systcms. OuLLomes for the privute amd 5ubsidisid work tcnd to beltci. in comparison io NHS resu115 with belter aiicndancc r¢cord¥d and lowei. rairs of t"ailure ro aitend. Thi5 expanding area ol-work 15 key ￿ the success of the ol'gy￿1saI10n going forward. Page 5 FAVERSHAM COUNSELLING SERVICE LIMITED REPORT OF THE TRUSTEES - eontinyed Forthe year ended 31 March 2024 Th¢ following demographic information is based on disiinct clients. seen in the period. Disclosed Gender of Client Client Age 54% 0% so% 330/. 40% 27% 70A,. 30% 20% 16% io% Female zmale mother Under25 25to49 50to74 75PIus FINANCIAL REVIEW Going Concern Last year the eYpec(aiion wus lor thc c.harity lo CLa.8L Ir41ding.8hi?rtlv aftcr ihe iranster ot the NH,S c()ntract tn the new providcr al the 31 Mdi'Lh 2024. The surplus generaled in the final period of (he NHS conlracl and flexible .4upporL of rcmaininE staff has allowed th¢ charity lo continue LO provide services at a significantly reduced ICVL'I, with the amhition to ¢ro#te a sustainable business modcl. Reserve5 al year end were such that the Trustees had a reas4)nable expectation thai the Lharilable company has adcquate resources to coniinuc in excess of 12 monihs so chose to continue operating with a deficlt bud8eL and adopied thc 80ing onL¢i'n basis in preparing these finan¢ial slalcm¢nls. In order to keep lh¢ financial position under review, regul￿ management accounls a]'e produced and made available to the Board, whilst the Head of Finance and CEO meet frequently to discuss any developmcnts. Ir any n¢gative issu¢s were lo b¢ identified during th¢s¢ pro¢e5se5, remedial action would be taken with the goal lo continue to fund operaiions and meet our charitablc objective5 or cleanly cea5c Irading. Page 6 FAVERSHAM COUNSELLING SERVICE LIMITED REPORT OF THE TRUSTEES- continued For the year ended 31 Mareh 2024 b. Rest￿e5 Policy FCS'S docurncntcd policy was Lo mainiain fl'ee reserves of £186,000, a requircment for positive nel ¢urr¢nt assets on ihe balance shccl and a (llinimuni ol £15.000 in cash d¢p)sils. At the ycar Lnd, the chariry held tar21 funds o1.£324,35912023.. £267.0141 of which unresti'icted general funds were £18i,294 {?023.. £135,9301. RLslriLled lunds of£3.13512023.. £131,()84) al'e dc(ailLd l¢Lter in th¢ finanLial statemcnis. 'r()tJl frec reserves of the charity, bcing gcn¢ral funds 1¢5S thc nct book valuc or rixed &s5els 8mount8 10 £306,062 (2023.. £98,469). Thi8 fell short of the rescrvc puliLy which waq ¢hang¢d iiftcr yLar end 10 £80.OOQn in line with thL reduLiion in (h¢ orgianisdtion size. luimuvei. and workfoi'ce. Financi41 risk manaKement obJectlves &nd pollcles In exLess i)1. 911Q/r* ol. income M'as i-cccivcd Ii'onJ (hL NI IS and ilic significaiil I'i.sks wilh ihL Lnd of Ihc conii'act and TiJPL Iran5fLr ol-IhL majority ol. stat"f wtrc SUCCLSsfully managied. A d¢ficii budgLt has been sci fur IIIL futur¥ ol. the chaTity. basLd on limil¥d I'¥5cfvLS built dui'ing thL lindl pci'i(Id of thL N14S conlrdLI. Despite doublin&F thL non-NHS inconie during> ihe yedr, turilicr gi'oivth or additional lundiiig 15 rcquircd Lo crL&iIL a self-suslainablL busine.%s niodcl. 'I"he TrL15tLLS hdVL OVLfdll rLsponsibil ity lor ihe &yblcm c?I' inLLrnul L(IrLlI'ol, whilbt thL duy-ti)-dÉiy mk)nug¢m¢nl is delegaiLd li Il)c C.'F.() und (hL Scni()r M(Ina&Jcmeni -I'eam. Relcvani contri)1.s are designcd by sLnior managcmLnt to allow LII¥LIivL dnd cI-IIciLnl opcrutions, inLluding linanLial rLpi)I'lingJ and coinp1i£￿cL Ii'iih laws and rLgul()ing LVIILLI'n. TIIL ni)li ¢¥plains 111<11 wliill Ihi Lhdriiabl¥ Lumpany ha% .%ulliii¥iit I'l%l)LirLL.s In op¥1'al￿ li?r IhL llL¥I Iwilv munlhs. il 1.8 LUI'I'Lnily wui'king ii'iili (i pl IhL linanLiuI 51atcmenl%. wr hai'L ci)ncludcd ihai (hc directors, use ol'thc gning ci)nLei'n basis of accoun(in8 in Ihc pi'epdi'dlil)n of Lh¥ l inunLial SI￿[LI￿lnt.5 1% uppi'ilpi'iate. Oui- resp()n.%ibilitlL¥ and Ihi r¥sponsibiliii¢b ol. Ih¥' LfusiLLS WIIII I'LSPLCt lu going COnL¥l'n ai'L dL's¢i'ib¢d in lh¢ rili'vJnL SLLtivns of thi$ rLpoi'l. Other InCorm4tion Thc other infiirnidliun comprises the inlurmdlion includLd in thL annual rLport. including thi Triis(¢es' reExJrl, oihci. Ihdn ihL rinanLial siatL'mcnls and our audiloj s rcport thcrcon. The Trustees al'e I'esponsible foi. the oLhcr inlorma(iun coniained within thL annual repoi'l. Our opinion on thc linancial statements doeb not covei. the other information and, Ixcepl lo the ¢xl¢nl othetTh¥ise eypliciily staicd in oui. I'cport, we do not expreys any form ufassuranLe conclusii)n tliercon. Our responsibility IS to I'cad Ihc othcr information and, in doing so. Lvnsider whether the other inlormation is materially inLonsisient ivith ihc Iinancial statemenLs: or our knowledge obiained during the audii. or uih¢rwise appears to be materially m isstaled. It. we idenli ly such material inLonsisiencies or apparent matei'ial misstaiements. we #re reqiiired to delerminc whcthei. Ihis gives I'ise to a matei'ial misstatcinLnt in the Iinancial statements theinselvcs. If. basLd on the woi'k ive have pertormed. we conclude that tliere is a rnatcrial mis8taLcment ot"tliis othei. infoiThation. we arc rcquircd lo report thai facl. We have nothing to rLpoi't in this I'egard. Page 10 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF FAVERSHAM COUNSELLING SERVICE LIMITED- contlnued Opinions on oiher matters prescribed by the Companies Act 2006 In our opinion. bascd on the work undLI'taken during ihe audit: the inloi'mation given in Ihe Trusiccs, rcporL, which includes thc directors. repori prepared for Ilie purposes of company law, foi- the linancial for which the f1nancial siatemenis are prepai'cd is consisteni with thL financial siatemcnts. and the dii'ecioi's, r¢port included within Lh¢ Ti'ustees report hils b¢cn prepai-ed in ￿cordanCe with applicable legal requirement5. Mgtteys whi¢h we gre required to report by exteption In thc ligh( ofihtt knowledgc and undti'standing ofthe company and its environment obtained durin8 Ihc audit, we have not idenlilied maiL"rial missial¢m¢nts in the dircctor$' report included iviihin the Truslees, repoi't. We have nothing to repL)I'l in respccl of Ihc following mai(ers in ￿latiOn to which the Companies Aci 2006 rcquii'cs us lo reporl t() you It., in our opiniun.. adLqUiiW' and propel. aLLuunting records havc not been kepi, or I'etui'ns adcquate tor oui. audit have noi been received tr()m branchcs not visiled by us: ur thL financidl 5tdtemenLs ai'c nL)i in ugreemenl with the accouniing record5 and retuiY)s', ()r certain di.sclosui'c5 ofTiu%tec.s' I'emunLrali(In .gpecificd by law arc nol made.. oi. 'e have not rLcciv&d all ihL infoi'inalion dnd Lxplanations we requir¥ l¢)r our audit. Responsibilities of Trusttei As cxpldillLd more fiilly in ihL SiatLTllLnl ol-'I'rublcLS' RL.gponsibili(iLS, Ihc'frusleL.5 {who ari al.so the diYLCtors of(hL charitable company li)I' the purpose5 ul. Lvrnpany lawl arL rL'SP(Insiblc for ih¥ preparuti()n (Il. thL finuniial sLdlem¢nls and IOT being 5alislicd that they give a truc and lair view. and IOT such internal c()ntiol as ihc Tru.%re¢s dLierm inc 1.5 nccessdry lo enahlc The prLparalion uf lindnLitsl stalemLnis thai arL tree fi'om maLLrial misslaLLment. whc(hLr due 10 Irdud or crror. In prLpai'ing the linancial sia(cmLnl%, the '] rustCCS dfL rL%ponsiblc li)r assessing (hL LhariiablL Lompany'% abiliiy tl) L()ntinue b a gjuing concern, disclosing, (IS dpplicablc, maltLrs rclaled lo goinL) L(Incem and ubin2 Ihl guing LOllLLrn bthiis OI'>iLcouniiiig uiilcss Ilic Ti'us(eLs citliei. intend lo l iquid¢ltL (he cliai'ilabl¥ c()nipany or (o ccasc opcrati(Ins, or liavL no I'culistic altcrnalivc bul to do.w. Auditor's responsibilities for the audit of the flnaneiAI stxtements Oui. objLLtive% are to obtain rea50nablL dssurance abouL whether Lhc financial siut¥menls. as a whole. are tree from maicrial m issiaiemeni, wh¥ihLr dLJL t() Iraud or error, dnd to issue an audiii)I' s rerK)I't ihat includ¢5 our opinion. Reabonable assurance is a high level ol'assurancL bul 1% not a guaranlLc ihat an audit Londucled in a¢L()I'dancc with TSAS (UK) will 4ilivays dctLCi a niatLI'ial misstatemLnt when it txisl¥4. Mi&statemenis can Jrise from fi'aud or error and are con5idLred maicrial it, individually or in IhL agBregai¢. th¢y could r¢a50nably bc eypected 10 influenc¢ th¢ ¢¢onomic decisiuns of uscrs taken on the basi5 of these rinancial slal¢m¥nts. Irregul￿.1tles, including Ii'aud. ar¢ in&iancei ofnon-¢ompliance wi(li laws and rcgulations. W¢ design pi'ocedurcs in linc WILII our responsibilili¢s. ouilincd above. io detect matei'iaS mi5slalcmLn(s in respcct of irregularilieq. in¢luding fraud. The exteni lo which our procedures ar¢ capabl¢ i)f delecling iJTeguldrities. including fraud is dctailed belvw. Wc obiain¢d an und¢rstaiJding of the Icgal and regulaiory framcworks that are appl icable 10 the charilablc Company and dclcrmincd thdl Ihc most significant which have a direct malci'ial e(Tect on the amount8 and di5closui.es in the fin8￿cLaI slaicmenls are Ihc CoTnpanies Act 2006. 111¢ Charities Ac12011 and Charities SORP FRS 102. We also identified othei. law5 and rrgulaiions ivhich do not have a dircrt effect on th¢ amounts and disclosures in the financial staiements. bul whi¢h compliance is fundamcnlal io the enlity's operations including Employment Law. H¢alih and Safery Law. Data Proleclions Laws (including UK Gcneral Data Pi'otection Regulation ICJDPRI and cornpliance with the British Association for Counselling and Psychotherapy rcgulations and enquire5 were madc with mana8¢menl regarding proccdures in place lo ensure compliance. Pagell INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF FAVERSHAM COUNSELLINC. SERVICE LIMITED- continued Having reviewed the laws and rtgulaLions applicable to the charitable company, we designed and pcrformed audii procedures to ob(ain sullicient appropriale evidence. Spccilically. we= Assigned an engageinent ieam to the audit that collectively had the appropriate coinpetence, capabiliries, and skills to ideniify or recogni5e non-Lonipliance wilh applicable law% and regulations. Enquired with managemeni on any non-LumplianLe with laws and I'cgulations. R¥vi¥M'Ld thi Icgdl Lxp¢nsL account% and legal Lori'espondence io idunLify polLntial liligalion or claims involving the entiiy. R¢viewcd inlcrnal policiLS and procedui'es and exLei'iial guidance. Reviewed Ih¢ L'ompleiene5s and accuracy of asso¢ial¥d disclosures made irt (he fin8mLial sl¢il¢menls. We assessed the susceptibility of the charilablc ¢ompany'5 linancial siatements (o material misstalcmcnt and fraud and in doiiig so.. C()nsidri'Ld wlieilirr IIILfr WLrc area.% (JI- Ilie linancial siaiemcnts particulai'ly susceptiblL lu fi'aud and cnquii'cd with rnanÉigLmLnt a5 ti) any known ur SU%PLLtLd insianLcs of Ii'aud and ihcir asscssmLnt ol. Iraud risk. Considci'Ld whc(hLr illandgLinLni havL IIILLnlivL.% and upporiuniiics io manipulate financial rLSulis und deiermincd ihc key udil I'i%k.% I'claL¥J Li) L(Implclcnc%% Ill. inL(>mL. mÉinagLmLnl UVLI'I-idL ol- Lonirols and i-estl'lLtLd fuiids. l-he risk ol- manugement ovei'ride tsl conirols l)ab been rL'VILwLd dnd ¢iudited. including Ihi'()ugih iesiing journal Lntrik's, QLL(iunting? ctstimalL% and DihLf ddju%tmLnt.s li)r Jppri)pridlLnLSS. I'u11hLrmL)I'L, (indlytiLal proc¢dur¢s WLre undLr(ak-Ln io ideniily any unusual ()r unexpeLied relationship8 and ii'an.8actiuns and iliL raiiuniile l)ehiiid ih¢sL W£1% illvcsligaicd. -rhL ri.sk ()f L()mplLtLnL%% i)l- inLI)InL hd.4 bLLll fLViLWLd and audi(Ld. including Iliriiugli subslanlivL tL%tiiig. along wilh a I'L￿ iew ol-IliL ¢ippfupi'idlLnLSS ol. IhL dLL(ILinling pi)IiLy L(IllLLrning> iniumL fLLugniliun dnLI ¢ompl¥ling (ILldiled ciil (?Il' ILs1ing ¥i(hrr %ide ()1 (lir b¢iliinLL .%IILLI d' heiiig wound up ilie liability to membcrs in ￿.￿p¢Ll ol-IhL guaranlce is limiied. Th￿ dddr¢ss (It-lho r¢gistcrLd ofticc is given in ihc Lh￿iLY informaiion on pag¥ l O ol'ihe repuri ufihe TrustLes. -rhe nÉilurc ol-(he charity, upci'aiions and principal activities is the provision i)f pri)fcqqional counselling. Thc financial staictncnls ol. the chai'itablc Lompdny> ivhiLh is a public bLnclit enlity under FRS 102. have bccn pr¥parLd in aLCOI.daiicc wilh Ihc Charilics $1)RP {I,-RS 102) 'AcLuuniing and Rcporiing by Chai'iliCS- siaiemcnl of Recommcnded Praciice applicable 10 chai'iii¥S preparing tlieir accounts in aLLorddnce willi ihL Financial Rcpoi'iiiig Standard applicable iii thc IIK and Rcpublie ol. Ii'eland (FRS 1021 (ellective l Januaiy 20191.. Financial Reporling Sidndai-d 102 'The l."inanLial Rcp()rLing Si