Charity number: 1178552
## **CDS UK (Clinic for Dissociative Studies) Trustees' Report and Financial Statements**
||Page|
|---|---|
|Reference and administrative details of the charity|1|
|Trustees' report|2-6|
|Independent auditor’s report|7-9|
|Statement of financial activities|10|
|Statement of financial position|11|
|Statement of cash flows|12|
|Notes to the financial statements|13-20|
**CDS UK (Clinic for Dissociative Studies) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY FOR THE YEAR ENDED 31 MARCH 2021**
## **Trustees**
Dr A. Conway
Dr R. E. Cureton
Dr A A TS Reinders
G A Miles
Dr S Fairweather
Mr C Nagle
## **Chief Executive Officer**
Mark Linington, Appointed 1[st] April 2020
## **Charity registered number**
1178552
## **Registered office**
35 Tottenham Lane London N8 9BD
## **Independent auditor**
Goldwins Limited, 75 Maygrove road, London, NW6 2EG
## **Bankers**
Barclays Bank Plc, Edgware, Middlesex HA
1
**CDS UK (Clinic for Dissociative Studies) TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021**
The Trustees are pleased to present their third Trustees’ Report together with the financial statements of the charitable organisation for the period form 1[st] April 2020 to 31[st] March 2021.
This report has been coordinated by our CEO and Clinical Director, Mark Linington and Chair of Trustees, Dr Ashley Conway.
## **Vision and values**
CDS UK (Clinic for Dissociative Studies) is a clinic which provides therapeutic packages to patients experiencing dissociative disorders, in particular dissociative identity disorder (D.I.D.). These disorders arise most often develop as a response to early and prolonged extreme trauma and abuse.
CDS UK works mainly as a recognised independent provider to the UK National Health Service. CDS UK provides assessments of potential dissociative disorders, diagnoses, outpatient treatment, clinical supervision, training. At CDS UK we also run and participate in research and education initiatives, contributing to a greater understanding of dissociative disorders.
## **Activities**
CDS UK offers a number of services including:
- Multi-disciplinary assessments to offer a formal diagnosis for those who may have a dissociative disorder and to recommend options for treatment. Our assessments include a full psychotherapeutic interview and SCID-D diagnostic assessment.
- Specialist psychotherapeutic packages for individuals, couples or families, on an intensive or nonintensive basis.
- Training, consultation and support for local health and social care professionals working with people who have dissociative disorders.
- Lectures, seminars and training events for organisations working with those with dissociative disorders.
- Forensic and court work, including risk assessments.
## **2020 – 2021 Highlights**
During April 2020 – March 2021 we provided
- Support and consultation to professionals and potential patients seeking help and advice and a possible referral to CDS UK;
- Specialist assessments and diagnoses of individuals with dissociative disorders funded by local Clinical Commissioning Groups (CCGs);
- New and ongoing specialist therapeutic treatment packages to individuals with dissociative disorders (most often dissociative identity disorder), and where appropriate to those involved with them (e.g. partners);
2
**CDS UK (Clinic for Dissociative Studies) TRUSTEE’S ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021**
- Training, consultation and advice to individual professionals and teams working with people with dissociative disorders;
- Ongoing research, through recognised outcome measures, of the effectiveness of our therapeutic work with people with dissociative disorders
## **Public benefit**
The Trustees have had regard to the guidance issued by the Charity Commission concerning public benefit. They are satisfied that the information given in this report, particularly regarding the activities undertaken when read in conjunction with the objects of the charity, demonstrates that the requirements to identify public benefit have been met.
## **Plans for 2021/2022**
CDS UK is planning to :
To continue to provide a high quality service in the areas of work described above
To continue to develop all aspects of our service in the key areas of specialist psychotherapeutic treatment, training and education, specialist assessment, and support for professional and individuals with dissociative disorders. This includes the following objectives:
1. To further develop our team of assessors and review and further develop our assessment process;
2. To appoint an additional Clinical Manager;
3. To continue to develop our systems for professionals and individuals seeking a referral for assessment and treatment;
4. To recruit more specialist psychotherapists around the country who are able to provide high quality psychotherapeutic treatment;
5. To develop our internal and external training programmes;
6. To disseminate our work more broadly through conference and writing;
## **Structure, governance, and management**
## **Governing document**
CDS UK (Clinic for Dissociative Studies) is a Charitable Incorporated Organisation (CIO) (charity number 1178552) registered with the Charity Commission in May 2018. Prior to this, the organisation operated as a limited company.
3
**CDS UK (Clinic for Dissociative Studies) TRUSTEE’S ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021**
## **Organisation**
CDS UK has the following organisational structure:
We will continue to review and develop our organisational structure throughout 2021-2022 in line with the changing needs of CDS UK.
## **Appointment of Trustees**
Trustees have been appointed with a view to their relevant experience, interests and areas of expertise. Currently, our Board of Trustees brings specialist knowledge and experience in regard to research, clinical experience including a psychological perspective, patient experience, knowledge and experience of the NHS and voluntary sector in regard to work with people with dissociative disorders and more broadly, charity and other organisational knowledge and experience, including financial and human resources management. We plan to maintain and develop further the knowledge and expertise of our Board of Trustees.
4
**CDS UK (Clinic for Dissociative Studies) TRUSTEE’S ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021**
## **Trustee induction and training**
Training for Trustees is by practice, encouragement to attend appropriate courses and informal mentorship from other Trustees. New Trustees are given an induction pack comprising a copy of the Charity Commission ‘Welcome Pack for New Trustees’, a copy of the Clinic’s Constitution, the minutes of at least three Trustee meetings and a Charity Trustee form stating that they acknowledge and accept their responsibilities as Trustees, which they must sign and return. They also attend briefing sessions.
## **Related parties and co-operation with other organisations**
None of our Trustees receive remuneration or other benefit from their work as a Trustee for the charity without full Board approval. Only expenses incurred in the performance of Trustees’ duties can be reimbursed. Any connection between a Trustee or a member of staff of the charity must be disclosed in the same way as any other contractual relationship with a related party.
## **Financial review**
The financial period from 1st April 2020 to 31st March 2021 is the accounting period covered by this report. A surplus was achieved of £412,841.
The income for work carried out by our therapists increased over the period due to an increase in the number of patients and assessments carried out by our dedicated team.
## **Investment policy**
Currently, CDS UK did not hold any investments quoted on a Stock Exchange as all our surplus funds are held in cash. All surplus funds were held with one financial institution but this is being reconsidered by the Trustees.
## **Reserves policy**
The policy of the Trustees is to maintain a level of reserve that will provide a stable base from which to fund the charity’s future activities, including capital expenditure. The board aims to hold 3-6 months expenditure as free reserves that could be drawn upon if required by the Trustees for specific purposes as agreed by them. If cash is required to meet our requirements, this can be realised from investments, including property.
The free reserves currently exceed the target level; the trustees are mindful of the need to retain funds in reserve to fund both unforeseen costs and the ongoing maintenance costs of the charity’s premises. Given the anticipated level of work required in respect of the building over the coming years, the trustees consider the level of reserves held to be reasonable and appropriate.
## **Risk management**
The Trustees have a Risk Register which details:
- an annual assessment of the principal risks and uncertainties that the charity faces;
- the establishment of policies, systems and procedures to mitigate those identified risks; and
- the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
The Risk Register is regularly reviewed and updated by the CEO and the Trustees. This register sets out the major risks to which CDS UK is exposed and the systems which have been established to mitigate those risks.
Internal financial management risks are reduced through the implementation of internal controls in respect of the recording and the authorisation of all accounting transactions. Budgets are set for all types of expenditure; these are monitored by senior management and the Trustees.
Attention is also focused on mitigating non-financial risks arising from safeguarding, fire, health and safety,
5
**CDS UK (Clinic for Dissociative Studies) TRUSTEE’S ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021**
security and vulnerable adult safeguarding. This is overseen by the senior management team and the Trustees.
## **Statement of trustees’ responsibilities**
The Trustees are responsible for preparing the Trustees’ Report and financial statements in accordance with applicable law and with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in 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);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Each of the Trustees confirms that:
- so far as the Trustee is aware, there is no relevant audit information of which the charitable company’s auditor is unaware; and
- the Trustee has taken all the steps that he/she ought to have taken as a Trustee in order to make himself/herself aware of any relevant audit information and to establish that the charitable company’s auditor is aware of that information.
This confirmation is given and should be interpreted in accordance with the provisions of S418 of the Companies Act 2006.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
08 Feb 2022 Approved by the trustees on ………………………… and signed on there behalf by:
Ashley Conway Chairman
6
**INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF CDS UK (CLINIC FOR DISSOCIATIVE STUDIES)**
## Opinion
We have audited the financial statements of CDS UK (Clinic for Dissociative Studies) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the Charity’s affairs as at 31 March 2021 and of its income and expenditure for the period then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- have been prepared in accordance with the requirements of the Charities Act 2011.
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorʼs responsibiliHes for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
## Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
7
**INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF CDS UK (CLINIC FOR DISSOCIATIVE STUDIES)**
## Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:
- sufficient accounting records have not been kept;
- the financial statements are not in agreement with the accounting records and returns; or
- we have not obtained all the information and explanations necessary for the purposes of our audit.
## Responsibilities of the trustees
As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charityʼs ability to conHnue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.
## Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorʼs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:
- We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- We inspected the minutes of meetings of those charged with governance.
- We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
- In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
8
**INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF CDS UK (CLINIC FOR DISSOCIATIVE STUDIES)**
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
This report is made solely to the Charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charityʼs trustees those maIers we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charityʼs trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## Goldwins
**Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG**
## **8 February 2022**
9
## **CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Statement of financial activities**
(incorporating an income and expenditure account)
## **For the year ended 31 March 2021**
|**Note**
**Income from:**
Donations and legacies
**3**
Charitable activities:
**4**
Therapy related activities
Investment income
**5**
**Total income**
**Expenditure on:**
Charitable activities:
**6**
Therapy related activities
**Total expenditure**
**7**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**Net income**|**Unrestricted**
**Funds**
**£**
10,294
1,351,062
3,364
**1,364,720**
951,879
**951,879**
**412,841**
150
**412,991**
979,095
**1,392,086**|**Restricted**
**Funds**
**£**
-
-
-
**-**
-
**-**
**-**
(150)
**(150)**
150
**-**|**2021**
**Total**
**Funds**
**£**
**10,294**
**1,351,062**
**3,364**
**1,364,720**
**951,879**
**951,879**
**412,841**
**-**
**412,841**
979,245
**1,392,086**|2020
Total
Funds
£
303
871,534
4,020|
|---|---|---|---|---|
|||||875,857|
|||||740,339|
|||||740,339|
|||||135,518
-|
|||||135,518
843,727|
|||||979,245|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.
10
## **CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Balance sheet As at 31 March 2021**
|**2021**
**2021**
**Note**
**£**
**£**
**Fixed assets:**
Intangible assets
**9**
**258,367**
**10**
**989,833**
**1,248,200**
**Current assets:**
**11**
**212,072**
**907,395**
**1,119,467**
**Liabilities:**
**12**
**(294,264)**
**825,203**
**2,073,403**
**Liabilities:**
**13**
**(681,317)**
**1,392,086**
**15**
**-**
**-**
**1,392,086**
Total unrestricted funds
**1,392,086**
**1,392,086**
**Total net assets**
and signed on their behalf by:
**Funds**
The financial statements were approved by the trustees on ………………………………
General funds
Restricted funds
Debtors
Creditors: amounts falling due after more than
one year
**Total assets less current liabilities**
Tangible assets
Cash at bank and in hand
Creditors: amounts falling due within one year
**Net current assets**
**Total funds**
Unrestricted funds:
Revaluation
6/2/22|2020
£
183,762
524,693|2020
£
293,634
991,540|
|---|---|---|
|||1,285,174
460,075|
||708,455
(248,380)||
||-
979,095||
|||1,745,249
(766,004)|
|||979,245|
|||150
979,095|
||||
|||979,245|
||||
## **Dr A Conway- Trustee**
## **Charitable Incorporated Organisation: 1178552**
The attached notes form part of the financial statements.
11
**CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Statement of cash flows For the year ended 31 March 2021**
|**Note**
**2021**
**£**
**Cash flows from operating activities:**
Cash generated from operations
**16**
485,629
Interest paid
(21,704)
**Cash provided by / (used in) operating activities**
**Cash flows from investing activities:**
Interest/ rent/ dividends from investments
458
**Cash provided by / (used in) investing activities**
**Cash flows from financing activities:**
Loan repayments
(81,681)
**Cash provided by / (used in) investing activities**
**Change in cash and cash equivalents**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
**17**|**Note**
**2021**
**£**
**Cash flows from operating activities:**
Cash generated from operations
**16**
485,629
Interest paid
(21,704)
**Cash provided by / (used in) operating activities**
**Cash flows from investing activities:**
Interest/ rent/ dividends from investments
458
**Cash provided by / (used in) investing activities**
**Cash flows from financing activities:**
Loan repayments
(81,681)
**Cash provided by / (used in) investing activities**
**Change in cash and cash equivalents**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
**17**|**2021**
**£**
**463,925**
**458**
**(81,681)**|2020
£
178,475
(19,046)|2020
£
159,429
1,060
(115,214)|
|---|---|---|---|---|
||458||1,060||
||(81,681)||(115,214)||
||||||
|||**382,702**
524,693||45,275
479,418|
|||**907,395**||524,693|
12
**CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Notes to the financial statements For the year ended 31 March 2021**
## **1 Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared 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 2015) - (Charities SORP FRS 102).
The charitable incorporated organisation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
## **b) Going concern**
The trustees consider that there are no material uncertainties about the charitable incorporated organisations's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
## **c) Income**
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.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.
## **d) Donations of gifts, services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.
On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **e) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **f) Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
13
**CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Notes to the financial statements For the year ended 31 March 2021**
## **1 Accounting policies (continued)**
## **g) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Expenditure on charitable activities includes the costs of delivering activities undertaken to further the purposes of the charity and their associated support costs.
## **h) Allocation of support costs**
- Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 6.
## **i) Goodwill**
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised over its estimated useful life of ten years. The asset was initially purchased by Clinic For Dissociative Studies Limited (company no. 09093066) whose assets and liabilities were transferred to the charity on 18 October 2019.
## **j) Tangible fixed assets**
The charity's freehold property comprises land and buildings including subsequent improvements to the property. Depreciation is not charged on the land element, which is instead subject to impairment review. No depreciation charge is made against the building and improvements as it is considered that the residual value of these is at least as great as the carrying value and not materially different to cost.
The charity operates a rolling repairs and maintenance programme to prolong the useful life of the property and to ensure that the above policy continues to be appropriate.
Other tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases Fixtures and fittings: 25% reducing balance Computer equipment: 25% reducing balance
## **k) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **l) Taxation**
The charity is exempt from tax on its charitable activities.
## **m) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **n) 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.
## **o) Financial instruments**
- The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **p) Pensions**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
14
## **CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Notes to the financial statements For the year ended 31 March 2021**
|**2**
**Detailed comparatives for the statement of financial activities**
2020
Funds
£
**Income from:**
Donations and legacies
303
Charitable activities:
Therapy related activities
871,534
Investments
4,020
**Total income**
875,857
**Expenditure on:**
Charitable activities:
740,339
Therapy related activities
**Total expenditure**
740,339
**Net income / expenditure**
135,518
Transfers between funds
-
**Net movement in funds**
135,518
Total funds brought forward
843,577
**Total funds carried forward**
979,095
**3**
**Income from donations and legacies**
Restricted
£
£
Donations and legacies
294
-
Other income
10,000
-
10,294
-
**4**
**Income from charitable activities**
Unrestricted
Restricted
£
£
Therapy related activities
1,351,062
-
1,351,062
-
**5**
**Income from investments**
Unrestricted
Restricted
£
£
2,906
-
Bank interest
458
-
3,364
-
Investment income
Unrestricted
Unrestricted|**2**
**Detailed comparatives for the statement of financial activities**
2020
Funds
£
**Income from:**
Donations and legacies
303
Charitable activities:
Therapy related activities
871,534
Investments
4,020
**Total income**
875,857
**Expenditure on:**
Charitable activities:
740,339
Therapy related activities
**Total expenditure**
740,339
**Net income / expenditure**
135,518
Transfers between funds
-
**Net movement in funds**
135,518
Total funds brought forward
843,577
**Total funds carried forward**
979,095
**3**
**Income from donations and legacies**
Restricted
£
£
Donations and legacies
294
-
Other income
10,000
-
10,294
-
**4**
**Income from charitable activities**
Unrestricted
Restricted
£
£
Therapy related activities
1,351,062
-
1,351,062
-
**5**
**Income from investments**
Unrestricted
Restricted
£
£
2,906
-
Bank interest
458
-
3,364
-
Investment income
Unrestricted
Unrestricted|2020
Funds
£
-
-
-
-
-
-
-
-
-
150
Restricted|2020
Total
Funds
£
303
-
871,534
4,020
875,857
740,339
740,339
135,518
-
135,518
843,727|
|---|---|---|---|
||979,095|150|979,245|
||Restricted
£
-
-
-
Restricted
£
-
-
Restricted
£
-
-
-|**2021**
**Total**
**£**
**294**
**10,000**
**10,294**
**2021**
**Total**
**£**
**1,351,062**
**1,351,062**
**2021**
**Total**
**£**
**2,906**
**458**
**3,364**|2020
Total
£
303
-
303
2020
Total
£
871,534
871,534
2020
Total
£
2,960
1,060
4,020|
15
**CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Notes to the financial statements For the year ended 31 March 2021**
## **6 Analysis of expenditure**
|**Analysis of expenditure**||||
|---|---|---|---|
|Wages
Social security
Pensions
Rent, rates & water
Insurance
Light and heat
Telephone
Office & admin costs
Marketing and advertising
Miscellaneous expenses
Main therapy contractors
Other clinic activities
IT costs
Repairs, maintenance & cleaning
Travel & refreshments
Consultancy fees
Bank charges
Goodwill amortisation
Fixtures & fittings depreciation
Computer equipment depreciation
Loan interest
Trustees` expenses
Legal, professional and accounting fees
**Total expenditure**||Therapy related
activities
**2021**
**Total**
£
**£**
325,989
**325,989**
27,730
**27,730**
11,470
**11,470**
166
**166**
5,607
**5,607**
1,494
**1,494**
1,619
**1,619**
446
**446**
4,793
**4,793**
2,094
**2,094**
429,484
**429,484**
2,373
**2,373**
10,541
**10,541**
5,479
**5,479**
3,400
**3,400**
3,557
**3,557**
82
**82**
35,267
**35,267**
906
**906**
801
**801**
21,704
**21,704**
200
**200**
56,677
**56,677**
**951,879**
**951,879**
Charitable activities|2020
Total
£
243,641
25,145
9,413
(13,506)
3,140
1,551
1,520
1,455
3,509
1,003
337,225
12,987
19,044
10,405
1,966
5,478
111
26,450
837
625
19,046
155
29,139|
|||Therapy related
activities
£
325,989
27,730
11,470
166
5,607
1,494
1,619
446
4,793
2,094
429,484
2,373
10,541
5,479
3,400
3,557
82
35,267
906
801
21,704
200
56,677
**951,879**||
||||**740,339**|
16
**CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Notes to the financial statements For the year ended 31 March 2021**
## **7 Net income / (expenditure) for the year**
This is stated after charging / (crediting):
||||
|---|---|---|
|This is stated after charging / (crediting):|**2021**|2020|
||**£**|£|
|Depreciation|**1,707**|1,462|
|Auditor's remuneration:|||
|Audit fees|**4,000**|5,000|
## **8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel**
|Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes|**2021**
**£**
**325,989**
**27,730**
**11,470**|2020
£
243,641
25,145
9,413|
|---|---|---|
||**365,189**|278,199|
The following number of employees received employee benefits (excluding employer pension) during the year between:
|£80,000 - £89,999|**2021**
**No.**
**1**|2020
No.
-|
|---|---|---|
The total employee benefits including pension contributions of the key management personnel were £125,511 (2020: £65,253).
The charity trustees were not paid or received any other benefits from employment with the Charity in the year (2020: Nil). No charity trustee received payment for professional or other services supplied to the charity (2020: Nil).
## **Staff numbers**
The average number of employees (head count based on number of staff employed) during the year was as follows:
|Therapy related activities|**2021**
**No.**
**11**|2020
No.
9|
|---|---|---|
||**11**|9|
17
**CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Notes to the financial statements For the year ended 31 March 2021**
|**9.**
**Intangible fixed assets**
**Cost**
At the start of the year
At the end of the year
**Depreciation**
At the start of the year
Charge for the year
At the end of the year
**Net book value**
**At the end of the year**
At the start of the year
All of the above assets are used for charitable purposes.||**Goodwill**
**£**
**352,667**|
|---|---|---|
|||**352,667**|
|||**59,033**
**35,267**|
|||**94,300**|
|||**258,367**|
|||293,634|
||||
|**10**
**Tangible fixed assets**
**Cost**
At the start of the year
Additions in the year
At the end of the year
**Depreciation**
At the start of the year
Charge for the year
At the end of the year
**Net book value**
**At the end of the year**
At the start of the year|£
984,712
-
**Freehold**
**property**|£
5,372
-
**Fixtures and**
**fittings**|£
4,615
-
**Computer**
**equipment**|**Total**
**£**
**994,699**
**-**|
|---|---|---|---|---|
||984,712|5,372|4,615|**994,699**|
||-
-|1,747
906|1,412
801|**3,159**
**1,707**|
||-|2,653|2,213|**4,866**|
||||||
||**984,712**|**2,719**|**2,402**|**989,833**|
||||||
||984,712|3,625|3,203|991,540|
All of the above assets are used for charitable purposes.
## **11 Debtors**
|Trade debtors
Prepayments and accrued income
**12**
**Creditors: amounts falling due within one year**
Bank loans and overdrafts
Trade creditors
Taxation and social security
Other creditors|**2021**
**£**
**207,608**
**4,464**|2020
£
180,621
3,141|
|---|---|---|
||**212,072**|183,762|
||**2021**
**£**
**33,681**
**83,283**
**120,069**
**57,231**|2020
£
30,675
54,978
103,407
59,320|
||**294,264**|248,380|
18
**CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Notes to the financial statements For the year ended 31 March 2021**
## **13 Creditors: amounts falling due after more than one year**
|Bank loans
Other creditors
**14**
**Analysis of net assets between funds**
Fixed assets
Net current assets
Non current liabilities
**Net assets at 31 March 2021**
**14a Analysis of net assets between funds (prior period).**
Fixed assets
Net current assets
Non current liabilities
**Net assets at 31 March 2020**|General
unrestricted
£
1,248,200
825,203
(681,317)|**2021**
**£**
**441,024**
**240,293**|2020
£
477,711
288,293|
|---|---|---|---|
|||**681,317**|766,004|
|||Restricted
£
-
-
-|**Total**
**funds**
**£**
**1,248,200**
**825,203**
**(681,317)**|
||**1,392,086**|**-**|**1,392,086**|
||General
unrestricted
£
1,285,174
459,925
(766,004)|Restricted
£
-
150
-|**Total**
**funds**
**£**
**1,285,174**
**460,075**
**(766,004)**|
||**979,095**|**150**|**979,245**|
## **15 Movements in funds**
|**Restricted funds:**
Donations
**Total restricted funds**
**Unrestricted funds:**
General funds
**Total unrestricted funds**
**Total funds**
**15a Movements in funds (prior period)**
**Restricted funds:**
Donations
**Total restricted funds**
**Unrestricted funds:**
General funds
**Total unrestricted funds**
**Total funds**|£
150
At the start of
the year|£
-
Income|£
-
Expenditure|Transfers
£
(150)|**£**
-
**At the end of**
**the year**|
|---|---|---|---|---|---|
||**150**|**-**|**-**|**(150)**|**-**|
||979,095|1,364,720|(951,879)|150|1,392,086|
||**979,095**|**1,364,720**|**(951,879)**|**150**|**1,392,086**|
|||||||
||**979,245**|**1,364,720**|**(951,879)**|**-**|**1,392,086**|
||£
150
At the start of
the period|£
-
Income|£
-
Expenditure|Transfers
£
-|**£**
150
At the end of
the period|
||**150**|**-**|**-**|**-**|**150**|
||843,577|875,857|(740,339)|-|979,095|
||**843,577**|**875,857**|**(740,339)**|**-**|**979,095**|
|||||||
||**843,727**|**875,857**|**(740,339)**|**-**|**979,245**|
19
## **CDS UK (CLINIC FOR DISSOCIATIVE STUDIES) Notes to the financial statements For the year ended 31 March 2021**
## **16 Reconciliation of net income / (expenditure) to net cash flow from operating activities**
|**Reconciliation of net income / (expenditure) to net cash flow from operating activities**|||
|---|---|---|
|**Net income / (expenditure) for the reporting period**
**(as per the statement of financial activities)**
Depreciation and amortisation
Interest received
Interest paid
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
**Net cash provided by / (used in) operating activities**|**2021**
**£**
**412,841**
**36,974**
**(458)**
**21,704**
**(28,310)**
**42,878**|2020
£
135,518
27,912
(1,060)
19,046
(11,505)
8,564|
||**485,629**|178,475|
## **17 Analysis of cash and cash equivalents**
|**Analysis of cash and cash equivalents**|||||
|---|---|---|---|---|
|Cash at bank and in hand
**Total cash and cash equivalents**|£
524,693
At the start of
the year|Cash flows
£
382,702|£
-
Other changes|**£**
907,395
**At the end of**
**the year**|
||**524,693**|**382,702**|**-**|**907,395**|
## **18 Legal status of the charity**
The charity is a charitable incorporated organisation.
## **19 Related party transactions**
There are no related party transactions to disclose for 2021 (2020: none).
20