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2021-12-31-accounts

REGISTERED CHARITY NUMBER: 1174815

Report of the Trustees and

Financial Statements for the Year Ended 31 December 2021

for

Group Analytic Society ,International

Purcells, Chartered Accountants 4 Quex Road London NW6 4PJ

Group Analytic Society ,International

Contents of the Financial Statements for the Year Ended 31 December 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 15
Detailed Statement of Financial Activities 16 to 17

Group Analytic Society ,International

Reference and Administrative Details for the Year Ended 31 December 2021

TRUSTEES D Glyn - President
T Despotovic
C Penna
L Wotton
M J Milstein
A Mulasso
F Bascialla
R von Hodenberg (resigned 25.3.22)
V Harte (appointed 30.5.21)
W Knauss (appointed 30.5.21)
PRINCIPAL ADDRESS 1 Daleham Gardens
London
NW3 5BY
REGISTERED CHARITY 1174815
NUMBER
INDEPENDENT EXAMINER Purcells, Chartered Accountants
4 Quex Road
London
NW6 4PJ

Page 1

Group Analytic Society ,International

for the Year Ended 31 December 2021

Report of the Trustees

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Group Analytic Society International introduced their first report and financial statements as a charitable incorporated organisation (CIO) for the charity's first accounting period, from registration with the Charity Commission on 25th September, 2017 to 31st December, 2018. The new CIO commenced operation on 1st April, 2018.

The trustees also took the decision to change the financial period, moving from the original Trust's year end of 31st March to follow the 1st January to 31st December calendar year for accounting purposes as this coincides with the subscription year. The funds of the original trust were merged with the new CIO with effect from 1st April, 2018. This meant that the first Trustee Report for the CIO covered the period of activities from 1st April, 2018 to 31st December, 2018. i.e. a 9 month period rather than a full 12 months.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal charitable objective of the Society is the relief of those suffering from psychiatric disorders and in need of treatment. In furtherance of this objective, the Society:

  1. Promotes study, research and education for work in the field of group analysis, internationally;

  2. Prints and/or publishes and distributes the journal of the Society, 'Group Analysis', and the Society's newsletter 'Contexts' to promote the exchange of ideas relating to group analysis;

  3. Holds workshops, with reduced rates for students, to develop group analytic theory and practice internationally.

Significant activities

The Society's activities for the year 2021 have been again affected by the COVID-19 pandemic. The running of face-to-face day and multi-day workshops has been very limited. The Annual Foulkes Lecture and study day was changed to an online event as well as the Autumn Workshop. The Summer School was postponed to July 2022 and a one-day bridging event was held online instead. The Seasonal Members Gathering which was initiated in 2020 continued to take place every 3 months via zoom.

Other activities included maintaining and encouraging the use of the King's Fund Library, jointly owned with the Institute of Group Analysis; and in particular encouraging at an international level the use, expansion of and research into group analysis as a psychological treatment and as a method for understanding the self and society as a unified process and for the enlightenment of psychotherapy and other healthcare professions; further activities were managing the finances appropriately and starting to adapt the office IT infrastructure to enable remote working.

Public benefit

In planning our activities for the year, the Management Committee ensures that its objectives comply with the Charity Commission's guidance on public benefit.

Grantmaking

The Society makes grants to support members on student or other lower incomes by subsidising their attendance at conferences, lectures and workshops.

Also, financial support is provided to people interested in joining the society who have difficulty in paying the full subscription fee.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The trustees consider that the activities of the charity during the period under review were very satisfactory.

Page 2

Group Analytic Society ,International

for the Year Ended 31 December 2021

Report of the Trustees

ACHIEVEMENT AND PERFORMANCE

Fundraising activities

The Group Analytic Society International Fund has been established to provide a specific fund for donations to support the work of new and emerging group analytic ideas, projects and bursaries. At 31st. December, 2021, the Fund balance stood at £27,396.

The society encourages members to make donations to fund financial support for subscription fees.

Investment performance

The trustees consider that the performance of the charity's investments was satisfactory in view of market conditions.

FINANCIAL REVIEW

Financial position

The statement of financial activities shows an overall surplus for the year of £31,226 compared with a surplus for the previous year of £31,043. The surplus in the year is considered to be satisfactory, given the effects of the COVID-19 Pandemic with the necessary change from face-to-face to online workshops.

Principal funding sources

The principal funding source of the society is subscription income from the membership.

Investment policy and objectives

The charity has power to invest funds not immediately required for its general purposes in or upon such investments as thought fit.

The trustees' investment objectives continue to be to:

It continues to be the trustees' policy, for the foreseeable future, to maintain a diversified portfolio of cash deposits and equities. This policy will be kept under regular review.

Reserves policy

Reserves are set aside to provide financial stability to the charity and to support its long term aims. Currently, the charity's policy is to maintain reserves equivalent to approximately 24 months' expenditure.

FUTURE PLANS

The Society intends to continue to expand its charitable activities in furtherance of its objectives.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation (CIO).

Charity constitution

Following the AGM in November 2016, the Society made the decision to merge Group Analytic Society International (Registered charity No. 281387 established in 1952) with a new Charitable Incorporated Organisation (CIO) of the same name within two years. The decision was driven primarily by the desire to take advantage of the separate legal personality and limited legal liability for trustees. The new CIO was registered with the Charity Commission on 25th September, 2017 and commenced operation on 1st April, 2018.

Recruitment and appointment of new trustees

The charity is managed by its Management Committee, most of whose members become Trustees. The recruitment and appointment of members of the Management Committee and trustees is regulated by the constitution. The Management Committee consists only of full members of the Society and they are elected by the membership for a period of office no longer than 3 years, with a possible further period of 3 years following that.

Page 3

Group Analytic Society ,International

for the Year Ended 31 December 2021

Report of the Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

The Management Committee usually meets six times a year over a weekend. Half the meetings are usually conducted electronically and half are conducted face-to-face. However, due to the COVID-19 Pandemic, this has changed to monthly meetings which take place via Zoom. The meetings are either for 2 or 3.5 hours in duration. The Finance Committee also meets monthly for 1.5 hours via Zoom. During these meetings, all matters regarding the management and execution of the Society's charitable aims and objectives are discussed and decided upon.

Decision making

Decisions are reached by consensus or when necessary by majority vote among the (at maximum) 11 voting members attending.

Induction and training of new trustees

Newly appointed trustees are given guidance about their responsibilities as trustees, as well as the last set of financial statements of the Society. Guidance on financial responsibilities and entitlements is also provided. The Management Committee members attend an annual away-day during which the strategic direction of the Society and the performance of the Committee is discussed.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the board of trustees on 2 July 2022 and signed on its behalf by:

D Glyn - Trustee

Page 4

Independent Examiner's Report to the Trustees of Group Analytic Society ,International

Independent examiner's report to the trustees of Group Analytic Society ,International

I report to the charity trustees on my examination of the accounts of Group Analytic Society ,International (the Trust) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

R S Coleman, BA (Hons) Acc., FCCA Purcells, Chartered Accountants 4 Quex Road London NW6 4PJ

Date: ............................................. 12th August, 2022

Page 5

Group Analytic Society ,International

Statement of Financial Activities

for the Year Ended 31 December 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
76,146
Charitable activities
Education services
23,954
Investment income
2
4,155
Total
104,255
EXPENDITURE ON
Charitable activities
Education services
90,476
Net gains on investments
17,075
NET INCOME
30,854
RECONCILIATION OF FUNDS
Total funds brought forward
182,871
TOTAL FUNDS CARRIED FORWARD
213,725
Restricted
funds
£
-
-
3
3
3,047
3,416
372
39,816
40,188
31.12.21
31.12.20
Total
Total
funds
funds
£
£
76,146
73,631
23,954
27,701
4,158
4,045
104,258
105,377
93,523
82,452
20,491
8,118
31,226
31,043
222,687
191,644
253,913
222,687
31.12.21
31.12.20
Total
Total
funds
funds
£
£
76,146
73,631
23,954
27,701
4,158
4,045
104,258
105,377
93,523
82,452
20,491
8,118
31,226
31,043
222,687
191,644
253,913
222,687
105,377
82,452
8,118
31,043
191,644
222,687

The notes form part of these financial statements

Page 6

Group Analytic Society ,International

Balance Sheet

31 December 2021

Notes
FIXED ASSETS
Tangible assets
6
Investments
7
CURRENT ASSETS
Prepayments and accrued income
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS
31.12.21
£
1,063
176,825
177,888
7,754
116,495
124,249
(48,224)
76,025
253,913
253,913
213,725
40,188
253,913
31.12.20
£
1,411
136,333
137,744
6,594
128,480
135,074
(50,131)
84,943
222,687
222,687
182,871
39,816
222,687

The financial statements were approved by the Board of Trustees and authorised for issue on 2 July 2022 and were signed on its behalf by:

D Glyn - Trustee

The notes form part of these financial statements

Page 7

Group Analytic Society ,International

Notes to the Financial Statements for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

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.

Expenditure

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

The King's Fund Library - 10% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

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 particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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

2. INVESTMENT INCOME

INVESTMENT INCOME
31.12.21 31.12.20
£ £
Dividend income 4,151 3,887
Deposit account interest 7 158
4,158 4,045

continued...

Page 8

Group Analytic Society ,International

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

Travelling expenses of attending Management Committee meetings totalling £50 were reimbursed to the 10 trustees and co-opted members.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

5.

31.12.21 31.12.20
Education services 1 1
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 73,631 - 73,631
Charitable activities
Education services 27,701 - 27,701
Investment income 3,996 49 4,045
Total 105,328 49 105,377
EXPENDITURE ON
Charitable activities
Education services 79,379 3,073 82,452
Net gains on investments 6,782 1,336 8,118
NET INCOME/(EXPENDITURE) 32,731 (1,688) 31,043
Transfers between funds (1,582) 1,582 -
Net movement in funds 31,149 (106) 31,043
RECONCILIATION OF FUNDS
Total funds brought forward 151,722 39,922 191,644
TOTAL FUNDS CARRIED FORWARD 182,871 39,816 222,687

continued...

Page 9

Group Analytic Society ,International

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

6. TANGIBLE FIXED ASSETS

The
King's
Fund
Library
£
COST
At 1 January 2021 and 31 December 2021
5,137
DEPRECIATION
At 1 January 2021
4,622
Charge for year
52
At 31 December 2021
4,674
NET BOOK VALUE
At 31 December 2021
463
At 31 December 2020
515
7.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2021
Additions
Revaluations
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020
There were no investment assets outside the UK.
Cost or valuation at 31 December 2021 is represented by:
Valuation in 2020
Valuation in 2021
Fixtures
and
Computer
fittings
equipment
Totals
£
£
£
12,530
6,527
24,194
12,331
5,830
22,783
66
230
348
12,397
6,060
23,131
133
467
1,063
199
697
1,411
Listed
investments
£
136,333
20,000
20,492
176,825
176,825
136,333
Listed
investments
£
136,333
40,492
176,825

Fixed asset investments are revalued and stated at market value at the balance sheet date.

continued...

Page 10

Group Analytic Society ,International

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21 31.12.20
£ £
Taxation and social security 562 383
Other creditors 47,662 49,748
48,224 50,131

Other creditors includes deferred income of £28,754. Deferred income arises due to the timing of the membership subscription year (January to December) whereas some subscriptions are received in advance in relation to the next financial year.

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS

10.

Unrestricted
funds
£
Fixed assets
1,063
Investments
149,429
Current assets
111,457
Current liabilities
(48,224)
213,725
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Foulkes Lecture Fund
Restricted funds
The Elizaberh Foulkes Library Fund
Jane Abercrombie Fund
Group Analytic Society International Fund
TOTAL FUNDS
Restricted
funds
£
-
27,396
12,792
-
40,188
At 1.1.21
£
141,747
41,124
182,871
6,048
9,789
23,979
39,816
222,687
31.12.21
Total
funds
£
1,063
176,825
124,249
(48,224)
253,913
Net
movement
in funds
£
30,849
5
30,854
(3,046)
1
3,417
372
31,226
31.12.20
Total
funds
£
1,411
136,333
135,074
(50,131)
222,687
At
31.12.21
£
172,596
41,129
213,725
3,002
9,790
27,396
40,188
253,913

continued...

Page 11

Group Analytic Society ,International

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Foulkes Lecture Fund
Restricted funds
The Elizaberh Foulkes Library Fund
Jane Abercrombie Fund
Group Analytic Society International Fund
TOTAL FUNDS
Incoming
resources
£
104,250
5
104,255
1
1
1
3
104,258
Resources
expended
£
(90,476)
-
(90,476)
(3,047)
-
-
(3,047)
(93,523)
Gains and
Movement
losses
in funds
£
£
17,075
30,849
-
5
17,075
30,854
-
(3,046)
-
1
3,416
3,417
3,416
372
20,491
31,226
Gains and
Movement
losses
in funds
£
£
17,075
30,849
-
5
17,075
30,854
-
(3,046)
-
1
3,416
3,417
3,416
372
20,491
31,226
30,854
(3,046)
1
3,417
372
31,226

Comparatives for movement in funds

Unrestricted funds
General fund
Foulkes Lecture Fund
Restricted funds
The Elizaberh Foulkes Library Fund
Jane Abercrombie Fund
Group Analytic Society International Fund
TOTAL FUNDS
At 1.1.20
£
110,706
41,016
151,722
9,097
9,763
21,062
39,922
191,644
Net
movement
in funds
£
32,623
108
32,731
(3,049)
26
1,335
(1,688)
31,043
Transfers
between
funds
£
(1,582)
-
(1,582)
-
-
1,582
1,582
-
At
31.12.20
£
141,747
41,124
182,871
6,048
9,789
23,979
39,816
222,687

continued...

Page 12

Group Analytic Society ,International

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Foulkes Lecture Fund
Restricted funds
The Elizaberh Foulkes Library Fund
Jane Abercrombie Fund
Group Analytic Society International Fund
TOTAL FUNDS
Incoming
resources
£
105,220
108
105,328
24
26
(1)
49
105,377
Resources
expended
£
(79,379)
-
(79,379)
(3,073)
-
-
(3,073)
(82,452)
Gains and
Movement
losses
in funds
£
£
6,782
32,623
-
108
6,782
32,731
-
(3,049)
-
26
1,336
1,335
1,336
(1,688)
8,118
31,043
Gains and
Movement
losses
in funds
£
£
6,782
32,623
-
108
6,782
32,731
-
(3,049)
-
26
1,336
1,335
1,336
(1,688)
8,118
31,043
32,731
(3,049)
26
1,335
(1,688)
31,043

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Foulkes Lecture Fund
Restricted funds
The Elizaberh Foulkes Library Fund
Jane Abercrombie Fund
Group Analytic Society International Fund
TOTAL FUNDS
At 1.1.20
£
110,706
41,016
151,722
9,097
9,763
21,062
39,922
191,644
Net
movement
in funds
£
63,472
113
63,585
(6,095)
27
4,752
(1,316)
62,269
Transfers
between
funds
£
(1,582)
-
(1,582)
-
-
1,582
1,582
-
At
31.12.21
£
172,596
41,129
213,725
3,002
9,790
27,396
40,188
253,913

continued...

Page 13

Group Analytic Society ,International

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Foulkes Lecture Fund
Restricted funds
The Elizaberh Foulkes Library Fund
Jane Abercrombie Fund
Group Analytic Society International Fund
TOTAL FUNDS
Incoming
resources
£
209,470
113
209,583
25
27
-
52
209,635
Resources
expended
£
(169,855)
-
(169,855)
(6,120)
-
-
(6,120)
(175,975)
Gains and
Movement
losses
in funds
£
£
23,857
63,472
-
113
23,857
63,585
-
(6,095)
-
27
4,752
4,752
4,752
(1,316)
28,609
62,269

Purpose and policies of Unrestricted Funds

General Fund

Resources for charitable purposes at the discretion of the trustees

Foulkes Lecture Fund

Designated fund to support the running of the Foulkes Lecture weekends

Purpose and policies of Restricted Funds

The Elizabeth Foulkes Library Fund

Provides for book purchases and services in connection with the jointly owned King's Fund Library

Jane Abercrombie Memorial Fund

Set up to award prizes to persons who have made outstanding contributions in the field of Group Analysis

Group Analytic Society International Fund

Supports the work/realisation of new and emerging group analytic ideas, and projects and bursaries for GASi events

All the funds hold sufficient and suitable resources in an appropriate form to enable each fund to be applied in accordance with its restrictions.

continued...

Page 14

Group Analytic Society ,International

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

Page 15

Group Analytic Society ,International

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

Detailed Statement of Financial Activities
for the Year Ended 31 December 2021
31.12.21 31.12.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 2,244 1,183
Subscriptions 73,902 72,448
76,146 73,631
Investment income
Dividend income 4,151 3,887
Deposit account interest 7 158
4,158 4,045
Charitable activities
Workshops /scientific meetings 4,051 11,898
Foulkes lecture weekend 6,590 -
Royalties 13,313 15,803
23,954 27,701
Total incoming resources 104,258 105,377
EXPENDITURE
Charitable activities
Wages & secretarial 32,102 29,042
Foulkes Lecture weekend 2,442 -
The Elizabeth Foulkes Library 3,047 3,073
Workshop & scientific meetings 2,600 1,170
Symposium conference expenses (3) 91
Publishing charges 15,520 15,920
Editorial assistance 11,088 11,088
Rent 5,996 6,278
Printing, postage & stationery 454 72
Telephone 1,676 937
Insurance 589 459
Website & IT costs 3,100 2,806
Bank charges 2,491 1,582
Sundries 33 180
Depreciation of tangible fixed assets 348 499
81,483 73,197
Support costs
Governance costs
Management committee expenses 50 2,371
Accountancy & bookkeeping 11,875 6,884
Carried forward 11,925 9,255

This page does not form part of the statutory financial statements

Page 16

Group Analytic Society ,International

Detailed Statement of Financial Activities
for the Year Ended 31 December 2021
31.12.21 31.12.20
£ £
Governance costs
Brought forward 11,925 9,255
Legal & professional fees 115 -
12,040 9,255
Total resources expended 93,523 82,452
Net income before gains and losses 10,735 22,925
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 20,491 8,118
Net income 31,226 31,043

This page does not form part of the statutory financial statements

Page 17