REGISTERED CHARITY NUMBER: 1172346 

Report of the Trustees and 

Unaudited Financial Statements 

for the Year Ended 31 December 2024 

for 

The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis 



The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis 

Contents of the Financial Statements for the Year Ended 31 December 2024 

|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|2|
|Statement of Financial Activities||3||
|Balance Sheet||4||
|Notes to the Financial Statements|5|to|7|
|Detailed Statement of Financial Activities||8||





The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis 

## Report of the Trustees 

## for the Year Ended 31 December 2024 

The Trustees present their report and the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. 

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. 

The charity is commonly abbreviated to ISPS UK. This report relates to the charitable incorporated organisation which has taken over from the unincorporated charity of the same name. 

## OBJECTIVES AND ACTIVITIES Objectives and aims. 

ISPS UK is an organisation which is genuinely interested in the human experience of psychosis and in humane responses to help people recover. We aim to promote dialogue and understanding, at local and international levels, between different perspectives on the nature of psychosis and the benefits of psychological and social approaches. 

The objectives and aims are to improve the experience of people with psychosis, and their family and friends through promoting psychological and social approaches to psychosis, promoting dialogue and understanding between people with different views and approaches to psychosis, and increasing understanding of psychosis and improving access to a wide range of therapeutic approaches. 

The Trustees of ISPS UK have had regard to the Charity Commission's requirements on reporting of public benefit. In 2024, ISPS UK has undertaken the activities referred to in the next section to further its purposes for the public benefit. 

## **ACHIEVEMENT AND PERFORMANCE** 

Over the past year, ISPS UK has focused on strengthening our purpose as a national network promoting psychological and social approaches to psychosis. Trustees held an Away Day to review progress and agree priorities for the year ahead. These included reviewing our organisational purpose, widening our membership offer, expanding opportunities for members to connect and be involved in leading work, and increasing our sustainability and how we can create systemic impact through activism, campaigning, and innovation. 

A major achievement this year was the successful delivery of our annual conference, Psychosis: Why Relationships Matter, held in April 2024 at London South Bank University, our first since the covid-19 pandemic. This well-attended event brought together  leading  speakers and  members  to explore relational  approaches to  psychosis,  stimulate discussion, and shape our shared work going forward. We also confirmed plans for a larger national conference to be held alongside our AGM in May 2025 in Manchester. 

We have reviewed and relaunched our membership offer, focusing on making it simpler and more accessible to ensure all members, whether professionals, carers or people with lived experience, receive the same benefits. This has also been crucial to financial stability, helping ISPS UK maintain income for our important work. As of year end, ISPS UK membership had grown to 169 members. 

Alongside this, we expanded our programme of reflective groups. These now include regular sessions for people with lived  experience,  a  journaling  group  for  family  members  and  friends,  and  networking  opportunities  for professionals/workers, with plans to introduce all member networking events in the following year. These activities provide vital peer support and spaces for reflection, helping members feel connected and empowered as part of our national network. 

Looking ahead, ISPS UK will continue to focus on engaging members more actively, building partnerships and widening  participation. Our events  programme for 2025 includes the national conference,  networking  sessions, webinars and expanded reflective spaces will provide further opportunities to strengthen our community and advance our shared purpose. 

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The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis 

## Report of the Trustees 

## for the Year Ended 31 December 2024 

## FINANCIAL REVIEW 

## Financial position 

ISPS UK membership income has remained level despite the impact of COVID and ISPS still has met its reserves target of £20,000 in line with our reserves policy with a solid surplus to carry forward to further the organisation's strategic aims in future years. ISPS UK has a budget in place, which is reviewed annually, and the trustees undertake a regular analysis of performance against the budget to monitor expenditure and income. We have also simplified our membership offer for full rate members and for low-income members with an option to pay monthly. 

## FINANCIAL REVIEW 

## Reserves policy 

The main reserves of the charity are unrestricted funds. The charity has retained reserves from earlier periods to cover any shortfall of income against expenditure for future periods. The target reserve is £20,000  to cover one year's operating costs, and in 2024 ISPS UK has achieved this. Restricted funds held at the year end amount to £4,948 and represent unspent income for The Dismantling the Master’s House. 

## STRUCTURE,  GOVERNANCE  AND  MANAGEMENT 

## Governing document! 

The charity is controlled by its governing document and constitutes a charitable incorporated organisation. 

## Induction and training of new trustees 

New trustees have continued to be appointed at the Annual General Meeting. In most cases, these trustees are already familiar with the operations of the charity. 

## REFERENCE  AND  ADMINISTRATIVE  DETAILS Registered Charity number 

1172346 

## Principal address 

61 Bridge Street 

Kington HR5 3DJ 

## Trustees 

Jacqui Dillon Chair Eamonn Flynn Treasurer Jen Kilyon Neil Caton Sara Alsaraf (resigned 12 September 2024) Jessica Pons Simon Downer Julia Macintosh (appointed 23 February2024) Dorothea Bonnigal-Katz (appointed 23 February 2024) Dr Jill Hemmington (appointed 23 February 2024) 

Approved by order of the board of trustees on 18[th] September 2025 and signed on its behalf by: 

## Eamonn Flynn 

E Flynn - Trustee 

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The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis 

## Statement of Financial Activities 

## for the Year Ended 31 December 2024 

||||||31.12.24|31.12.23||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Total||
|||fund|fund||funds|funds||
||Notes|£|£||£|£||
|INCOME AND ENDOWMENTS FROM||||||||
|Donations and legacies||-||-|-|-||
|Charitable activities||||||||
|Charitable activities undertaken directly||9,436||-|9,436|8,315||
|||____|____||____|____||
|Total||9,436||-|9,436|8,315||
|EXPENDITURE ON||||||||
|Charitable activities||||||||
|Charitable activities undertaken directly||12,504||-|12,504|17,383||
|||||______||_____ ___________||
|NET(EXPENDITURE)/INCOME||(3,068)|-||(3,068)|(9,068)||
|RECONCILIATION OF FUNDS||||||||
|Total funds brought forward||30,304|4,948||35,252|44,320||
|||||______||_____|______|
|||_____||||||
|TOTAL FUNDS CARRIED FORWARD||27,236<br>|4,948<br>||32,184|35,252||



The notes form part of these financial statements 



Page 3

The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis 

## Balance Sheet 

## 31 December 2024 

|||||||31.12.24|31.12.23|
|---|---|---|---|---|---|---|---|
|||Unrestricted||Restricted||Total|Total|
|||fund||fund||funds|funds|
||Notes|£||£||£|£|
|CURRENT ASSETS||||||||
|Debtors|||-|-|||150|
|Cash at bank||27,236||4,948||32,184|35,102|
|||27,236||4,948||32,184|35,252|
|CREDITORS||||||||
|Amounts falling due within one year|6|-|||-|-|-|
|NET CURRENT ASSETS||27,236||4,948||32,184|35,252|
|TOTAL ASSETS LESS CURRENT||||||||
|LIABILITIES||27,236||4,948||32,184|35,252|
|NET ASSETS||27,236||4,948||32,184|35,252|
|FUNDS|7|||||||
|Unrestricted funds:||||||||
|General fund||||||27,236|30,304|
|Restricted funds:||||||||
|Dismantle the Master House||||||4,948|4,948|
|TOTAL FUNDS||||||32,184|35,252|
|||||||||



The financial statements were approved by the Board of Trustees and authorised for issue on 18[th] September 2025 and were signed on its behalf by: 

E Flynn - Trustee 

The notes form part of these financial statements 

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The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis 

## Notes to the Financial Statements 

## for the Year Ended 31 December 2024 

## 1. ACCOUNTING POLICIES 

## Basis of preparing the financial statements 

ISPS UK is a charitable incorporated organisation in England and Wales. The principal address is given within the Report of the Trustees on page 2 of these financial statements. 

The financial statements of the charitable, which is a public benefit entity under FRS 102, have been prepared  in accordance  with  the  Charities  SORP (FRS  102)  'Accounting  and  Reporting  by  Charities:  Statement   of Recommended  Practice  applicable  to  charities  preparing  their  accounts  in  accordance  with  the   Financial Reporting Standard applicable  in the UK and Republic of Ireland (FRS 102)' issued in October 2019,   the Charities  Act 2011  and UK Generally  Accepted  Accounting  Practice.  The financial statements have   been prepared under the historical cost convention. 

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. 

A cash flow statement has not been prepared as the turnover is below £500,000. 

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

## Income 

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. The income from conferences is only included after the conference has taken place; any income received in advance is treated as a payment on account and included within creditors on the balance sheet. 

## Expenditure 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed  to  headings  they  have  been  allocated  to  activities  on  a  basis  consistent  with  the  use  of resources. Network and Journal fees represent the costs for print and distribution of the Journal Psychosis to our members. 

## Taxation 

The charity is exempt from tax on its charitable activities. 

## Fund accounting 

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

Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## Membership fees, debtors, and creditors 

Membership fees are shown under income according to the year that they relate to. Fees paid in advance are included within creditors as payments on account. 

Debtors and creditors are recorded at transaction price. 

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The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis 

Notes to the Financial Statements - continued for the Year Ended 31 December 2023 

## 2. INCOME FROM CHARITABLE ACTIVITIES 

|INCOME FROM CHARITABLE ACTIVITIES|||
|---|---|---|
||31.12.24|31.12.23|
||Charitable||
||activities||
||undertaken|Total|
||directly|activities|
||£|£|
|Membership fees|9,168|8,205|
|Conference fee|268|303|
||____|____|
||9.436|8,508|
||====|====|



## 3. TRUSTEES' REMUNERATION AND BENEFITS 

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 or 2023. 

## Trustees' expenses 

During the year, six of the trustees  claimed expenses  (2023 - 3). The trustees  claimed travel  and related expenditure of £711 (2023 £422). 

## 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 

|4.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|---|---|---|---|---|---|
||||31.12.24|31.12.23||
||||£|£||
||Trade debtor||Nil|150||
|5.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
||||31.12.24|31.12.23||
||||£|£||
||||Nil|Nil||
|6.|MOVEMENT IN FUNDS|||||
||||Net|||
||||movement|At||
|||At 1.1.24|in funds|31.12.24||
|||£|£|£||
||Unrestricted funds|||||
||General fund|30,304|(3,068)|27,236||
||Restricted funds|||||
||Dismantling the Master House|4,948||4,948||
||TOTAL FUND|_____|_____|______||
|||35,252|(3,068)|32,184||



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The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis 

## Notes to the Financial Statements - continued for the Year Ended 31 December 2024 

## 6. MOVEMENT IN FUNDS - continued 

|6.<br>MOVEMENT IN FUNDS - continued||||||||
|---|---|---|---|---|---|---|---|
|||Net||||||
|||movement|||At|||
||At 1.1.24|in funds||31.12.24||||
||£|£|||£|||
|Net movement in funds, included in the above are as follows:||||||||
||Incoming|Resources||Movement||||
||resources|expended|||in funds|||
||£|£|||£|||
|Unrestricted funds||||||||
|General fund|9,436|(12,504)||(3,068)||||
||____|______|||______|||
|TOTAL FUNDS|9,436|(12,504)<br>||(3<br>,068)||||
|Comparatives for movement in funds||||||||
|||Net||||||
|||movement|||At|||
||At 1.1.23|in funds||31.12.23||||
||£|£|||£|||
|Unrestricted funds||||||||
|General fund|39,372|(9,068)|||30,304|||
|Restricted funds||||||||
|Dismantling the Master House|4,948||||4,948|||
||______|_______||______||||
|TOTAL FUND||||||||
||44,320|(9,068<br>)|||35,252|||
|Net movement in funds, included in the above are as follows:||||||||
||Incoming|Resources||Movement||||
||resources|expended|||in funds|||
||£|£|||£|||
|Unrestricted funds||||||||
|General fund|8,315|(17,383)||(9,068)||||
||____|______|||______|||
|TOTAL FUNDS|8,315|(17,383)<br>||(9<br>,068)||||



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The United Kingdom Network of the International Society for Psychological and Social Approaches to Psychosis 

Notes to the Financial Statements - continued for the Year Ended 31 December 2024 

|31.12.24<br>31.12.23<br>£<br>£<br>INCOME AND ENDOWMENTS<br>Donations and legacies<br>Donations<br>-                          -<br>Charitable activities<br>Membership fees<br>9,168                7,820<br>Webinar fees                                                                                                                                               268                   495<br>____<br>____<br>9,436<br>8,315<br>Total incoming resources<br> 9,436<br> <br>EXPENDITURE<br>Charitable activities<br>Conference                                                                                                                                                        -              3,799<br>Webinar fees                                                                                                                                            244               274<br>Administrator expenses<br>5,550            4,730<br>Committee expenses<br>1,048               886<br>Sundries<br>372               217<br>Office and IT costs<br>1,464            1,387<br>Asylum Magazine                                                                                                                                    549             2,411<br>Network fees<br>3.276            3,691<br>_____           ______<br>  **12,504           17,383**<br>Net (expenditure)/ income<br> (3.068)<br> (9,068)|<br> <br> <br> 8,315<br>|
|---|---|



This page does not form part of the statutory financial statements 

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