2024-12-31-accounts - Group Analytic Society ,International

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Registered charity number 1174815

Group Analytic Society ,International A Charitable Incorporated Organisation (CIO)

Trustees Report and Accounts

For the year ended 31 December 2024

Group Analytic Society ,International Report and accounts Contents

	Page
Charity information	1
Trustees' report	2 to 6
Independent examiner's report	7
Statement of Financial Activities	8
Balance sheet	9
Notes to the accounts	10 to 19

Group Analytic Society ,International Charity Information

Trustees

F Dizadji (appointed 15.09.24) A Mulasso (retired 28.09.24) FG Bascialla V Harte (retired 22.2.25) F Parker (appointed 15.09.24) D Agresta R Shelhi S Janovic P Benér (retired 28.09.24) M Tait (retired 15.09.24) J Borossa M Joffe Millstein (retired 15.09.24)

Principal address 1 Daleham Gardens London NW3 5BY

Registered charity number 1174815

Accountants

Winston Hazelton & Co Ltd Chartered Certified Accountants 34 Arlington Road London NW1 7HU

Bankers

HSBC 50-52 Kilburn High Road Kilburn London NW6 4HJ

Group Analytic Society ,International Registered charity number: 1174815 Trustees' annual report For the year ended 31 December 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal charitable objective of the society is the relief of persons suffering from mental illhealth and in need of treatment. In furtherance of this objective, the Society:

Promotes study, research and education for work in the field of group analysis, internationally;
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;
Holds lectures, workshops and other events with the purpose of developing group analytic theory and practice internationally; variable fees for participation extend access to the work of the Society.
Encourages the use of the King's Fund Library, jointly maintained with the Institute of Group Analysis. The Society encourages, at an international level, the application of, and expansion of research into, group analysis as a psychological treatment as well as a method for understanding the self and society as a unified process; this work contributes to the development of psychotherapy generally and offers insights to other healthcare professions.

Significant activities

The society continued the practice of holding its main events in hybrid format to make them as accessible as possible, while encouraging in person participation which is an important aspect of group analytic experience. This has cost implications and the society decided to use some of its relatively large reserves to support this approach to important events when needed. Many other activities - Seasonal Gatherings, Reflective Members’ Group are held wholly on-line at no cost to members. The 7th GASi International Summer School was held in Turin during the Summer of 2024 and was well attended. Being an experiential event, it featured as always, a mixture of small groups, large groups, supervision groups and presentations.

Changes to the office IT systems have now been completed so that remote working is the norm for part of the year. The charity continues to accept PayPal, debit and credit cards and direct transfers for ease of payment of subscription and registration fees.

Group Analytic Society ,International Registered charity number: 1174815 Trustees' annual report For the year ended 31 December 2024

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.

Grant making

The Society provides bursaries to support members on student or other lower incomes by subsiding 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 are satisfactory during this accounting period.

Fundraising activities

The Group Analytical Society International Fund (GASIF) 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 31 December 2024 the Fund balance stood at £23,943 (2023: £25,071).

The society encourages members to make donations to fund financial support for subscription fees as well as for bursaries for attending events.

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 deficit for the year of £27,206 compared with a deficit for the previous year of £12,278. The Trustees consider that, given the rising year- on-year costs and legal expenses incurred in 2024, the result is satisfactory.

Principal funding sources

The principal funding source of the society is subscription income from 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:

generate income to further the objectives of the charity;
safeguard the assets and business continuity of the charity;
comply with the conditions attached to the restricted funds;
meet the requirements of the reserves policy.

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.

Group Analytic Society ,International Registered charity number: 1174815 Trustees' annual report For the year ended 31 December 2024

Unrestricted 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' operational costs. This is to maintain sufficient reserves to cover 18 months’ operational costs plus a smaller reserve to support events, including hybrid ones. The unrestricted reserves currently stand at £158,662 (2023:£185,036).

FUTURE PLANS

The society intends to continue to expand its charitable activities in furtherance of its objectives. In addition to the traditional scientific events organised by the society such as the Foulkes’ Lecture & Study Day, Summer School and the Autumn/Winter Workshops each year, plus the International Symposium every 3 years, the society offers other scientific activities in person, online or hybrid. The Quarterly Members Group is an in person median group for GASi members and non-members. In January 2023, the monthly Reflective Members' Group was added to the online programme in order to improve and enhance the communication between members and the Management Committee. Another structured activity is the Online Seasonal Gathering Group which provides an opportunity for a longer online meeting with fellow GASi International members in small and large groups.

The next Summer School (2025) is based at Roffey Park, UK, and the next International Symposium (2026) will be hosted by the Institute of Group Analysis Athens (IGAA) in Athens, Greece.

STRUCTURE, GOVERNANCE AND MANAGEMENT

On 6th June 2024 the Charity Commission sent a letter of intent to issue an official warning to GASi. The recommendations to be addressed were discussed in consultation with the Charity Commission and, at their suggestion, with the benefit of legal advice.

Governing document

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

It was founded in 1952 as Group Analytic Society.

At the AGM 31st August 2011 it was approved to add the word ‘international'. President at that time was Gerda Winther.

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 25 September 2017 and commenced operation on 1 April 2018.

Recruitment and appointment of new trustees

The charity is managed by its Management Committee whose members are 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 an initial tenure of office no longer than 3 years, with a possible further term of 3 years following that.

Group Analytic Society ,International Registered charity number: 1174815 Trustees' annual report For the year ended 31 December 2024

Organisational structure

The Management Committee generally meets monthly in online meetings. These meetings are either for 1.5 or 3.5 hours in duration. In addition, at least 2 are conducted face-to-face when member events create an opportunity for such meetings. The Finance Committee meets up to 6 times a year for 1.5 hours via zoom. During Management Committee meetings, all matters regarding the management and execution of 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 trustees 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 when 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.

Trustees

The following persons served as trustees during the year:

Trustees responsibilities

The trustees are responsible for preparing the report and accounts in accordance with applicable law and regulations.

The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial period. Under that law the trustees have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Group Analytic Society ,International Registered charity number: 1174815 Trustees' annual report For the year ended 31 December 2024

Trustees responsibilities continued

Under the applicable law trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the income or expenditure of the company for that period. In preparing these accounts, the trustees are required to:

select suitable accounting policies and then apply them consistently
observe the methods and principles of Charities SORP
make judgements and estimates that are reasonable and prudent
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
state whether applicable Accounting Standards and Statements of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Constitution and with the requirements of the Statement of Recommended Practice (SORP 2005) Accounting and Reporting by Charities, as well as that that they are prepared in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland (FRS 102).

They are also responsible for safeguarding the assets of the Society and for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website.

Approved by order of the board of trustees on 11th October 2025 and signed on its behalf by:

i £

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

Francesca Giuseppina Bascialla Co - Chair and Sanja Janovic Co - Chair Trustees

Independent examiner’s report to the trustees of Group Analytic Society ,International For the year ended 31 December 2024

I report on the accounts of the Society for the year ended 31 December 2024, which comprise the Statement of Financial Activities, the Cash Flow Statement and the Balance Sheet and the related notes. These accounts have been prepared in accordance with the accounting policies set out therein and the requirements of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing account in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - Charities SORP FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.

This report is made solely to the Charity's Trustees, as a body. My work has been undertaken so that I might state to the trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's trustees as a body, for my work, for this report or for the opinion I have formed.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under
section 145(5)(b) of the Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 130 of the Charities Act; and

• to prepare accounts in a form and content 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.

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ALLVUIUS UU NC ICTaAvIIcUu,

Winston Hazelton & Co Ltd Winston HaZelton o Ltd Chartered Certified Accountants 34 Arlington Road London NW1 7HU

13 October 2025

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

Group Analytic Society ,International Statement of Financial Activities for the year ended 31 December 2024

Unrestricted Funds Note £ Income and endowments from Donations and legacies 2 1,026 Charitable activities Education services 2 132,248 Investment income 2 5,172 Total income 138,446 Expenditure on Charitable activities Education services and support costs 3 (170,470) Net gains/(losses) on fixed asset investments 3,245 Total expenditure (167,225) Net income/(expenditure) (28,779) Transfer between funds 2,405 Net movement in funds 3a (26,374) Reconciliation of funds Total funds at 1 January 2024 185,036 Total funds carried forward 158,662	Restricted Funds £ - - 994	Total funds 2024 £ 1,026 132,248 6,166	Total funds 2023 £ 11,325 110,758 6,225
138,446	994	139,440	128,308
(170,470) 3,245	- 579	(170,470) 3,824	(155,074) 14,488
(167,225)	579	(166,646)	(140,586)
(28,779) 2,405	1,573 (2,405)	(27,206) -	(12,278) -
(26,374) 185,036	(832) 30,856	(27,206) 215,892	(12,278) 228,170
158,662	30,024	188,686	215,892

Continuing operations and other recognised gains and losses

The statement of financial activities includes all gains and losses. All income and expenditure derives from continuing activities.

Movements in funds

Movements in funds are disclosed in Note 12 to the Accounts.

Comparative figures

See note 6

Group Analytic Society ,International Registered number: 1174815 Balance Sheet as at 31 December 2024

	Notes		2024		2023
		£	£	£	£
Fixed assets
Tangible assets	7		863		941
Investments	8		171,601		169,468
			172,464		170,409
Current assets
Debtors	9	16,448		11,282
Cash at bank and in hand		50,228		81,695
		66,676		92,977
Creditors: amounts falling due
within one year	10	(50,454)		(47,494)
Net current assets			16,222		45,483
Net assets			188,686		215,892
Funds
Unrestricted funds			158,662		185,036
Restricted funds			30,024		30,856
Total funds			188,686		215,892

Approved by order of the board of trustees on 11th October 2025 and signed on its behalf by: …........................................................................................................................................ ia ; Francesca Giuseppina Bascialla Co - Chair and Sanja Janovic Co - Chair ania lann. Trustees

Group Analytic Society ,International Notes to the Accounts for the year ended 31 December 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention (unless otherwise stated in the relevant policy or note) and in accordance with 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) - Charities SORP FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.

Public benefit entity

The Charity meets the definition of a public entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties related to event or conditions that cast significant doubt upon the Society's ability to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees considered the Charity's budget projection. The trustees made enquires and have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

Fund accounting

Unrestricted funds comprise income receivable or generated for the furtherance of the objects of the Charity without a specified purpose and are available as general funds. Expenditure which meet these criteria are charged to the funds, together with a fair allocation of support costs. Accumulated surpluses are available for use 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. Expenditure which meet these criteria are charged to the funds.

Further explanation of the nature and purpose of each fund is included in the note 12.

Income

Total income is included in the Statement of Financial Activities. Income comprises principally subscriptions, income from events participation, publishing royalties, donations and investment income to further the charities objectives. Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Group Analytic Society ,International Notes to the Accounts for the year ended 31 December 2024

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes attributable VAT which cannot be recovered. Expenditure which is directly attributable to specific activities will be included in the relevant activity.

Support costs

These are management and administrative costs and comprise expenditure not directly attributable to the generated funds, charitable or fund raising activities of the Charity, but relate to furtherance of the Charity's objectives. They are therefore allocated to the relevant category of resources expended based on estimates of the time devoted to each activity.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

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

Investments

Listed investments are measured at fair value. Changes in fair value being gains or losses are included in The Statement of Financial Activities.

Gains and losses

All gains and losses are taken to The Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening carrying value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening carrying value (or purchase date if later).

Debtors and provisions

Short term debtors and provisions are provided for when the Charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. They are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

Group Analytic Society ,International Notes to the Accounts for the year ended 31 December 2024

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

The Charity is not liable to corporation tax as it is a Registered Charity.

The Charity is not VAT registered and can therefore not recover input tax on goods and services purchased.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Income and endowments analysis Donations and legacies Donations Donations - Symposium Bursary fund Charitable activities Subscriptions Workshops/Scientific meetings Summer School income Foulkes lecture weekend Journal royalties Other income Investment income Dividend income Deposit account interest Total income	Unrestricted Funds £ 1,026 - 1,026 62,599 2,220 29,510 17,695 19,574 650 132,248 4,006 1,166 5,172 138,446	Restricted Funds £ - - - - - - - - - - 698 296 994 994	Total funds 2024 £ 1,026 - 1,026 62,599 2,220 29,510 17,695 19,574 650 132,248 4,704 1,462 6,166 139,440	Total funds 2023 £ 1,061 10,264
				11,325
				71,698 1,760 - 19,664 17,416 220
				110,758
				3,966 1,268
				6,225

				128,308

Group Analytic Society ,International Notes to the Accounts for the year ended 31 December 2024

3 Expenditure analysis Unrestricted Funds £ Charitable activities: Education Symposium costs - Summer School expenses 24,097 Foulkes lecture weekend 19,119 The Elizabeth Foulkes Library 3,577 Workshop & scientific meetings 1,080 Student essay prize 600 Journal publishing & editorial costs 28,226 76,699 Support (operational) costs: Administrative Wages and secretarial 33,738 Pensions 1,143 Rent 8,108 Printing, postage and stationery 178 Telephone 931 Insurance 989 Website and IT costs 8,439 Subscriptions 326 Bank charges 4,399 Sundry expenses 1,108 Depreciation of tangible fixed assets 78 59,437 Management costs Management committee expenses 4,635 Accountancy and bookkeeping 17,010 Legal and professional 12,689 34,334 Total support (operational) costs: 93,771 Total charitable activities and support costs 170,470 3a Income / (expenditure) analysis Net Income / (expenditure) before gains / (losses on fixed assets investments (32,024) Net gains/(losses) on fixed asset investments 3,245 Transfer between funds - Net movement in funds (28,779)	Restricted Funds £ - - - - - - - - - - - - - - - - - - - - - - - - - - 994 579 - 1,573	Total funds 2024 £ - 24,097 19,119 3,577 1,080 600 28,226 76,699 33,738 1,143 8,108 178 931 989 8,439 326 4,399 1,108 78 59,437 4,635 17,010 12,689 34,334 93,771 170,470 (31,030) 3,824 - (27,206)	Total funds 2023 £ 11,420 - 29,801 3,530 2,280 - 29,036
			76,067
			30,236 1,000 8,108 134 1,614 946 5,318 346 4,140 354 321
			52,517
			8,844 17,646 -
			26,490

			79,007
			155,074
			(26,766) 14,488 -
			(12,278)

Group Analytic Society ,International Notes to the Accounts for the year ended 31 December 2024

4 Trustees remuneration and benefits

There were no trustees' remuneration or other benefits for the year to 31 December 2024 nor for the year to 31 December 2023.

Trustees' expenses:

Travelling and accommodation expenses totalling £4,609 (2023: £9,296) were re-imbursed to the 8 (2023: 8) trustees and co-opted members.

5 Employees 2024 Number Average number of persons employed by the charity was as follows: Education services 2 No employees received emoluments in excess of £60,000.	2023 Number 2

6 Statement of financial activities - comparatives - 31 December 2023

Income and endowments from Donations and legacies Charitable activities Education services Investment income Total income Expenditure on Charitable activities Education services and support costs Net gains/(losses) on fixed asset investments Total expenditure Net income/(expendure) Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward	Unrestricted funds £ 11,325 110,758 5,230 127,313 (155,074) 12,338 (142,736) (15,423) 5,276 (10,147) 195,183 185,036	Restricted funds £ - - 995 995 - 2,150 2,150 3,145 (5,276) (2,131) 32,987 30,856	Total funds £ 11,325 110,758 6,225
			128,308
			(155,074) 14,488
			(140,586)
			(12,278) -
			(12,278) 228,170
			215,892

Group Analytic Society ,International Notes to the Accounts for the year ended 31 December 2024

7 Tangible fixed assets

Cost At 1 January 2024 At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023	The King's Fund Library £ 5,137 5,137 4,762 37 4,799 338 375	Fixtures and fittings £ 12,530 12,530 12,470 20 12,490 40 60	Computer equipment £ 6,970 6,970 6,464 21 6,485 485 506	Total £ 24,637
				24,637
				23,696 78
				23,774
				863
				941

8 Investments

Market value At 1 January 2024 Disposals Revaluation At 31 December 2024 Net book value At 1 January 2024 At 31 December 2024 Valuation 2020 Valuation 2021 Valuation 2022 Valuation 2023 Valuation 2024 Cost or valuation at 31 December 2023 is represented by:	Listed investments £ 169,468 (1,690) 3,823
	171,601
	169,468
	171,601
	Listed investments £ 136,333 40,492 (21,666) 14,309 2,133
	171,601

Fixed asset investments are revalued and stated at market value at the balance sheet date. In terms of assessing the investments market value, the fund management team is relied upon.

The Society manages investments risks by retaining expert CCLA Investment Management Limited advisors (where the funds are located).

The funds are invested in COIF Charities Investment Fund.

Group Analytic Society ,International Notes to the Accounts for the year ended 31 December 2024

Investments, cont.

The COIF Charities Investment Fund is a common investment fund, governed by the Charities Act 2011 (as amended) and authorised by the Charity Commission.

COIF Charities Investment Fund

UK and overseas investment fund make up:

65.55% of the fund is invested in overseas equities.

Fund overview:

A long-term, sustainable investment solution which incorporates environmental, social and governance (ESG) considerations into the investment strategy. Suitable for all charities looking for a good level of distributions and protection from inflation. The portfolio has a bias towards real assets, predominantly global equities but also property investments and infrastructure.

Fund objective:

Aims to provide a long-term total return comprising growth in capital and distributions.

Risk attitude:

4 out of maximum 7 (assumes keeping the product for the recommended holding period of five years).

Fixed assets - Investments by type COIF Charities Investment Fund - General reserve - unrestricted COIF Charities Investment Fund - GASIF - restricted 9 Debtors Prepayments Accrued income 10 Creditors: amounts falling due within one year Taxation and social security costs Deferred income Accruals	2024 £ 147,658 23,943 171,601 2024 £ 3,963 12,485 16,448 2024 £ 241 24,743 25,470 50,454	2023 £ 144,397 25,071
		169,468
		2023 £ 1,005 10,277
		11,282
		2023 £ 216 24,826 22,452
		47,494

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.

Group Analytic Society ,International Notes to the Accounts

for the year ended 31 December 2024

11 Analysis of net assets between funds

Unrestricted funds £ Fixed assets 863 Investments 147,658 Current assets 60,595 Current liabilities (50,454) 158,662 Movement in funds At 1 Jan 2024 £ Unrestricted funds General fund 162,284 Foulkes lecture fund 22,752 185,036 Restricted funds Jane Abercrombie fund 5,785 Group Analytic Society International fund 25,071 30,856 Total funds 215,892 Net movement in funds, included in the above are Incoming resources £ Unrestricted funds General fund 119,585 Foulkes lecture fund 18,861 138,446 Restricted funds Jane Abercrombie fund 296 Group Analytic Society International fund 698 994 Total funds 139,440	Restricted funds £ - 23,943 6,081 - 30,024 Net movement in funds £ (28,520) (259) (28,779) 296 1,277 1,573 (27,206) as follows: Resources expended £ (151,350) (19,120) (170,470) - - - (170,470)	2024 Total funds £ 863 171,601 66,676 (50,454) 188,686 Transfers between funds £ 981 1,424 2,405 - (2,405) (2,405) - Gains and losses £ 3,245 - 3,245 - 579 579 3,824	2023 Total funds £ 941 169,468 92,977 (47,494)
			215,892
			At 31 Dec 2024 £ 134,745 23,917
			158,662
			6,081 23,943
			30,024

			188,686
			Movement in funds £ (28,520) (259)
			(28,779)
			296 1,277
			1,573

			(27,206)

12 Movement in funds

Group Analytic Society ,International Notes to the Accounts for the year ended 31 December 2024

Comparatives for movement in funds - 31 December 2023

Unrestricted funds General fund Foulkes lecture fund Restricted funds Jane Abercrombie fund Group Analytic Society Total funds	At 1 Jan 2023 £ 163,697 31,486 195,183 9,886 23,101 32,987 228,170	Net movement in funds £ (6,553) (8,870) (15,423) 302 2,843 3,145 (12,278)	Transfers between funds £ 5,140 136 5,276 (4,403) (873) (5,276) -	At 31 Dec 2023 £ 162,284 22,752
				185,036
				5,785 25,071
				30,856

				215,892

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

Unrestricted funds General fund Foulkes lecture fund Restricted funds Jane Abercrombie fund Group Analytic Society International fund Total funds	Incoming resources £ 106,383 20,930 127,313 302 693 995 128,308	Resources expended £ (125,274) (29,800) (155,074) - - - (155,074)	Gains and losses £ 12,338 - 12,338 - 2,150 2,150 14,488	Movement in funds £ (6,553) (8,870)
				(15,423)
				302 2,843
				3,145

				(12,278)

Purpose and policies of Unrestricted funds

General fund:

Resources for charitable purposes at the direction of the trustees.

Foulkes Lecture fund:

Designated fund to support the running of the Foulkes Lecture weekends.

Group Analytic Society ,International Notes to the Accounts for the year ended 31 December 2024

Purpose and policies of Restricted funds

Jane Abercrombie Memorial fund:

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

Group Analytic Society International fund:

Supports the work/realisation of new and emerging group analytic ideas, 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 restrictions.

Transfers between funds

During the year there were net transfers from restricted funds to unrestricted funds amounting to £2,405 (2023: £5,276).

13 Related party transactions

There were no related party transactions in the year or the previous year.

14 Other information

Group Analytic Society ,International is a Charitable Incorporated Organisation (CIO) and incorporated in England. Its registered office is: 1 Daleham Gardens London NW3 5BY

15 Presentation currency

The financial statements are presented in Sterling.

16 Liability of members

The members (trustees) of the Charity (being the Charitable Incorporated Organisation, the CIO) have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities if wound up.