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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 05034324 (England and Wales) REGISTERED CHARITY NUMBER: 1185487

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

The British Psychoanalytic Council

The British Psychoanalytic Council

Contents of the Financial Statements for the Year Ended 31 March 2022

Page
Report of the Trustees 1 to 11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14 to 15
Cash Flow Statement 16
Notes to the Cash Flow Statement 17
Notes to the Financial Statements 18 to 26
Detailed Statement of Financial Activities 27 to 28

The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The council applied for registration with the Charity Commission in the prior year and the registration became effective from 25th September 2019.

The charitable company’s objectives are:

Page 1

The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES

Significant activities

The charitable company's objectives are to advance the health of the public through the maintenance and regulation of professional standards and clinical practice in psychoanalytic and psychodynamic psychotherapy and counselling, and through the promotion and accreditation of training, to advance education in and of

psychoanalytic and psychodynamic psychotherapy and counselling and its theoretical underpinnings through, but not limited to, the promotion of research and publication of the useful results thereof; and advancing knowledge and understanding of the theory and practice of psychoanalysis and psychoanalytically informed therapies.

The British Psychoanalytic Council (BPC) is the leading UK professional association and voluntary accredited register for the psychoanalytic and psychodynamic psychotherapy profession. The BPC is made up of Member Institutions which are training institutions and professional associations in their own right. Individual psychoanalytic and psychodynamic psychotherapists and counsellors are members of these organisations and registrants of the BPC.

The BPC is a PSA accredited register. The PSA is overseen by the UK Parliament. PSA accredited registers help the public access better care by ensuring that the registered health practitioners are competent and trustworthy. As an accredited register BPC ensures that the information it provides is clear and helps the public to make informed choices about the therapy BPC's registrants offer.

BPC protects the public through maintaining its public register of psychoanalytically informed practitioners who meet its fitness to practise standards. The BPC continues to be a highly regarded professional body, recognised within the field as maintaining high professional standards.

BPC accredits the trainings of its member institutions, ensuring that they meet BPC's training standards. An individual who qualifies from one of these trainings, or equivalent, is then eligible for entry into the BPC's register. BPC registration is governed by a range of fitness to practise requirements including a code of ethics, continuing professional development and fitness to practise procedures.

In addition to BPC's accredited trainings it also "kite marks" a number of trainings that are psychoanalytic in their formulation but do not, on their own, enable practitioners to appear on the BPC register. Practitioners completing these trainings can appear on the BPC public rosters. The charity currently "kite-marks" Dynamic Interpersonal Therapy (DIT), Mentalisation Based Therapy (MBT), Transference Focused Psychotherapy (TFP), Counselling Children and Young People in Education and Community Settings and Time-limited Adolescent Psychodynamic Psychotherapy (TAPP).

The BPC has a vision of a society that recognises and values human relationships and the use of psychoanalytic theories of mind to support emotional wellbeing, good mental health, and effective social policy to create a better society.

The charity's mission is to advance the health of the public though the promotion of the highest clinical standards of training and clinical practice of psychoanalytic and psychodynamic psychotherapy and psychodynamic counselling; and advance the education of psychoanalytic theories of mind. Many of the charity's registrants are also senior consultant psychiatrists, clinical psychologists, academics, and leading figures in the field of mental health, both nationally and internationally.

Public benefit

The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.

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The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES

Volunteers

The BPC has a number of volunteers which sit on its various committees which offer advice and support to the Trustees, the chief executive and other team members. These volunteers are predominantly clinicians and practitioners in psychoanalysis, psychoanalytic,and psychodynamic psychotherapy and counselling.

A pool of volunteers from across the psychoanalytic and psychodynamic psychotherapy profession provide content for its termly print publication and its e-newsletters

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The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Trustees are pleased with the achievements of the organisation in 2021-2022 especially given the continued impact from the COVID-19 pandemic, and with several staff changes.

People

The BPC's new CEO started in May 2021 and has strengthened governance practices across the organisation, such as standardised agenda templates and new terms of reference across the various committees. He developed the organisation's Strategy and Plan for 2022-2026 with input from staff, the Board of Trustees and other stakeholders and this was approved by the BPC Board on 25 March 2022.

The BPC's Membership Officer left in May 2021 and the work was carried out by temporary staff until the new Membership Officer was recruited and started in October 2021. A new Administrative Support Officer role was created to respond to an increased admin need, with a focus on events, Fitness to Practise support and admin support to the CEO and Senior Leadership Team. The new Administrative Support Officer joined the organisation in February 2022. The Head of Regulation finished with the BPC in February 2022, and the new incumbent started at the end of March 2022.

The Chair of Trustees stepped down in the summer of 2021, and the Vice Chair Lee Smith was successful in his application to the role. The Board were happy to appoint Lee Smith as the new Chair of Trustees on 26 November 2021.

Membership

During this financial year, the BPC's maintained 21 member institutions (its 'members'): Association for Psychoanalytic Psychotherapy in the Public Sector Association for Psychodynamic Practice and Counselling in Organisational Settings Association of Jungian Analysts Association of Medical Psychodynamic Psychotherapists Association of Psychodynamic Counsellors British Psychoanalytic Association British Psychoanalytical Society / The Institute of Psychoanalysis British Psychotherapy Foundation Forensic Psychotherapy Society Foundation for Psychotherapy and Counselling Gloucestershire Counselling Service North of England Association of Psychoanalytic Psychotherapists Northern Ireland Psychoanalytic Society Scottish Association of Psychoanalytical Psychotherapists Severnside Institute for Psychotherapy Society of Analytical Psychology Tavistock Relationships Tavistock Society of Psychotherapists Wessex Counselling and Psychotherapy West Midlands Institute of Psychotherapy

The BPC increased the number of registrants listed on the accredited public register to 1,791 across the various categories (full registration, supervisory/teaching, NHS only, pre-retired and deferred).

The number of kitemarked individuals displayed on the online roster increased to 771, providing more choice for members of the public looking for Dynamic Interpersonal Therapy (DIT), Mentalisation Based Treatment (MBT), Transference-focused psychotherapy (TFP), Time-limited Adolescent Psychodynamic Psychotherapy (TAPP) or Counselling Children and Young People in Education and Community Settings (CCYP) practitioners.

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The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

Our Scholars' Network continued to flourish with 54 members of the Network during 2021-2022.

Education

Between April 2021 and March 2022, the BPC carried out 3 reaccreditation site visits to trainings. A panel, led by the BPC Registrar Sally Beeken, attended Birkbeck Counselling Association and the training organisation Birkbeck University on 10 July 2021 and the trainings in Psychodynamic Counselling and Psychotherapy with Adults and Psychodynamic Counselling and Psychotherapy with Children and Adolescents were re-accredited. Exeter University were visited led by the acting Registrar Jan McGregor-Hepburn on 25 February 2022 and the following courses were successful in being reaccredited: psychoanalytic psychotherapy, psychodynamic psychotherapy and the doctorate of psychoanalytic and psychodynamic clinical practice (DPPClinPrac). The final visit of 2021-2022 took place on 26 March 2022 with the Manor House Centre for Psychotherapy and Counselling at the BPC Office, led by the Registrar Sally Beeken. The diploma in psychodynamic counselling was reaccredited.

All visits were conducted with both in-person and online elements. The BPC had found online-only site visits during lockdown were difficult, the online sessions were draining and the panels felt it was harder to get an in-depth impression of the trainings. Running in-person visits with online elements has created a balanced approach, and often enables more trainees, graduates and/or staff to attend.

Committees

Board of Trustees

In an effort to be more transparent, the BPC have started displaying the dates of the Board meetings and public summaries of each meeting on the website. Between April 2021 and March 2021 the BPC Board met 8 times. 5 of these were Board meetings, one was a strategy meeting and two were Board information sessions.

Registration Committee

The Registration Committee is made up of 9 members (8 clinical and one lay) and is chaired by the BPC Registrar Sally Beeken. The committee continued to meet monthly on Zoom. The committee has worked hard to review and update the training criteria documents, and these are now available on the BPC website. The committee has brought themselves in line with the BPC declaration of interest process. They are also exploring the possibility of accrediting five new trainings, and two new kitemarked courses.

Professional Standards Committee

The Professional Standards Committee during this time was made up of 4 senior clinicians and chaired by Jan McGregor-Hepburn. The work of the committee falls into three main areas.

Ethics Committee

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The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

The Ethics Committee of the BPC is the only representative committee in the organisation and is chaired by the Trustee Alan Colam. In this period almost all Member Institutions have been represented; the only MIs without representation have been the Association of Medical Psychotherapists and the Association of Psychodynamic Counsellors. While there are some vacancies at present, including the Tavistock Relations and the Tavistock Society of Psychotherapists, these MIs have been represented in the past and we are waiting for new reps.

Following the report of the PSA the BPC was required to submit a plan of changes to the Complaints Procedure to the PSA by 24 August 2021. These changes were submitted on time, following discussion in committee. The changes were principally aimed at bringing procedures into line with those of statutory regulators and were primarily concerned with the termination of the Practice Review Procedure, which was felt to be unhelpful to complainants. The changes also included a recommendation that Hearings should be public, which raised serious concerns for a number of MIs. After some discussion and various meetings with MIs, this issue was put to one side for a later decision.

A Working Party of the Ethics Committee drafted two documents during the year, which came before the committee for approval and were then put before the Board. These were:

These two documents are intended to supplement

Part of the work of the committee is to consider queries from patients and registrants. A number have been raised through the year. It has been noted that since the implementation of the new Complaints Procedure there have been far fewer queries from patients, suggesting that concerns are being taken through procedural channels, which is a positive development.

Sexual and Gender Diversity Committee

The Advisory Group, which has been meeting since 2013, consists of eight members (including one BPC Trustee) and is chaired by Juliet Newbigin, a senior BPC clinician. During this time one member stepped down, and the committee expresses their gratitude for their considerable work compiling a comprehensive bibliography of reading materials relating to gender, sexual and relationship diversity and for speaking to their research into attitudes of BPC members towards the LGB community, especially in the lead up event to the 2021 Psychoanalytic Psychotherapy conference.

In the course of the year, the group met three times, 7th June, 27th September and 22nd November. Members of the group had been involved in planning and evaluating the PPNow conference that had taken place on 5th and 6th November to present the BPC's Statement of Regret for past pathologising treatment of LGB people at the hands of psychoanalytic and psychodynamic practitioners. This event had been postponed from the previous year, owing to the Covid pandemic, and had involved an extended period of organisation.

The professional differences over ways of understanding and responding to gender variance among BPC membership has made it difficult to find a way of taking a coherent position. The PPNow conference participants made it clear that this was an area that should not be ignored. The Group is united in understanding its role as one of working towards an inclusive atmosphere in the profession, which is more welcoming to and informed about LBGTQI people in the widest sense.

The Group has made a number of suggestions for events which follow up on issues raised at the conference, including a discussion about the different approaches to gender diversity that exist among the BPC membership in order to clarify where the differences between our approaches lie.

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The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

Scholars Committee

The Scholars Committee, chaired by Professor Brett Kahr, consists of 7 members and meets on a termly basis. The committee, established in 2017, provides supervision of the Scholars Network, designed to attract psychoanalytically orientated academics to engage in dialogue and collaboration with BPC registered clinicians. During the last academic year, 2021-2022, the Scholars Network received applications from ten prospective new Scholar members.

Throughout 2021-2022, the Scholars Committee expanded its membership to include the inaugural editors of the Scholars' Study e-newsletter of the Scholars Network. These two colleagues have enlisted the services of two doctoral students to help develop the content for this termly e-newsletter. To date, five issues of the Scholars' Study have appeared in print, circulated to members of the Scholars Network and, also, posted on-line. The editors of the newsletter serve as members of the Newsletter Sub-Committee. Additionally, the Scholars Committee has created two additional groups, namely, the Events Sub-Committee and the Membership Sub-Committee.

The Scholars Committee has facilitated several on-line seminars during the last year, warmly aided by the B.P.C. staff team. These have included dialogues on such diverse topics as melancholia and, also, diversity and identity, with esteemed speakers such as Professor Andrew Cooper, Dr. Nini Fang, and Kannan Navaratnam.

Communications

Over the last year, we have substantially increased our social media followers: Twitter: March 2022: 14,400 April 2021: 13,600

Facebook: March 2022: 6,668 April 2021: 5,898

LinkedIn: March 2022: 1,413 April 2021: 901

Having a larger audience means we can more effectively promote our work and profile, our MIs, the profile of our Registrants, and the importance of psychoanalytically-informed therapy.

Some of the campaigns we have promoted include:

As a staff, we are committed to increasing engagement. This includes:

We have worked increasingly closely with other organisations on a number of initiatives, including:

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The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

In the last year Nini Fang, Harriet Gaze and Noreen Giffney joins Gabrielle Brown, Johnathan Sunley, Helen Morgan (Editor) and Richard English (co-editor) on the New Associations editorial Board, although sadly Candida Yates stood down. With Nini based in Edinburgh and Noreen in Belfast, we now have an editorial Board more representative of the UK-wide BPC, although there remains the need to ensure greater diversity in other key areas. The Covid pandemic and the resurgence of Black Lives Matter provided particular challenges over the year; challenges which were responded to through the commissioning of many relevant and interesting articles that brought a psychoanalytic perspective to these powerful social, cultural, and political events. Summer, Autumn and Spring editions of New Associations were distributed to approximately 1900 individuals.

Regulation

The BPC is a voluntary accredited register with the Professional Standards Authority. During the 2021 reaccreditation process the PSA raised concerns regarding the BPC's current Complaints Procedure which lead to an overhaul of the process. The BPC implemented a new expeditious, transparent and modern Fitness to Practise procedure where concerns regarding a Fitness to Practise holistically can be brought to the attention of the BPC.

In preparation for the new process, the BPC recruited new hearing panellists and screening committee members. The new and existing panellists and screening committee members were given training on 17 and 18 February with further information about the BPC, psychoanalysis and psychotherapy (for lay members), the new complaints procedure as well as legal training around regulation.

Between March 2021 to December 2021 there were 6 complaints received and 18 enquiries not leading to a complaint. Of the 6 complaints received, 4 were dismissed, 1 was referred to the Practice Review Procedure (PRP) and 1 referred to the Health Committee. The new complaints procedure commenced this year in January 2022 and between January and April 2022 there have been 5 new complaints with 2 being accepted for fitness to practise investigation. Out of the 2 which were accepted 1 is being prepared for the Screening Committee and has an associated 18-month interim suspension order. The hearings are currently all being heard remotely via MS Teams.

Events

Having learnt and appreciated a lot about online events over the course of lockdowns, the BPC held its first hybrid flagship conference Psychoanalytic Psychotherapy Now (PPNow) on 5 and 6 November 2021. This conference was titled Sexual Diversity and Psychoanalysis: acknowledging the past and looking to the future, and sought to recognise the past with a statement that regrets the pathological diagnoses of homosexuality and consequent exclusion of LGBT voices, and look to the future by bringing together contemporary psychoanalytic thinking on sexual diversity which moves beyond heteronormative assumptions. The programme included esteemed speakers such as Dr Jack Drescher, Professor Mary Hepworth, and Lord Michael Cashman. This hybrid conference received very positive feedback from attendees from both online and in person at the British Library, with 111 attendees online and 34 attendees in person on the Friday evening, and 151 online and 51 in person on the Saturday.

Policy

The BPC continued to work with the Talking Therapies Task Force, the Coalition against Conversion Therapy, the Diversity and Inclusion Coalition, the campaign to modify the NICE guidance on depression in adults and the Coalition for Psychoanalysis in the NHS.

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The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

The latest iteration of the Scope of Practice and Education (SCoPEd) framework was published. This represents phase one of our ongoing collaboration between six Professional Standards Authority accredited register bodies across counselling, psychotherapy and psychoanalysis. By setting out the core training, practice and competence requirements of members and registrants of the Association of Christian Counsellors (ACC), British Association for Counselling and Psychotherapy (BACP), Human Givens Institute (HGI), National Counselling Society (NCS), UK Council for Psychotherapy (UKCP) and ourselves, we hope it will better protect patients from unsafe or unethical practice and go some way to engage effectively with and to demonstrate the value of psychoanalysis to employers, commissioners, government and the public.

FINANCIAL REVIEW

Financial position

During the year, the charity's general fund income exceeded expenditure with a net income of £115,289. See pages 8, 9 and 10 of the financial statements for details of the financial performance and position of the charity. At the period end, the charity held free reserves of £347,351.

The trustees are working on building up reserves to further the activities of the charity.

Reserves policy

The trustees take the monies of Registrants and Member Institutions and the setting of fees very seriously, and balance this with the need to maintain proportionate reserves.

It is the policy of the charity to maintain at least 4 months' of the financial year's operating cost as well as an additional £80,000. The likelihood of a significant hit to the charity arising from our regulatory function (ie legal cost) has become an increasingly realistic prospect, and the trustees consider this reserves policy will allow the charity to continue it's current activities whilst responding to such an event.

The Board remains satisfied that the charity is a Going Concern.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to support the current level of expenditure and to continue in operational existence for the foreseeable future. The Trustees have, however, recognised that, due to the impact of COVID 19, there has been a significant impact on the activities of the charity. The Trustees continue to evaluate the situation and work with the staff team to minimise the impact of the pandemic going forward.

FUTURE PLANS

The BPC looks forward to confirming 3 new Member Institutions in 2022/2023 as we close two temporary MIs.

There will also be other developments within membership with a new kite marked membership launched as well as new subcategories of membership to the Scholar's Network. We also look forward to recruiting for a new and exciting post within the Executive; a Head of Professional Practice that will bring clinical expertise into the Senior Leadership Team.

The BPC will be running a public consultation on the new proposed Standards of Conduct, Performance and Ethics which, once confirmed, will replace the current Code of Ethics.

The Race, Culture and Ethnicity Task Group will also be reformed.

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The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The management of the charity are responsible for recruitment, induction and training of the trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association.

Organisational structure

The trustees meet regularly to administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity. All of trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Related parties

Honorarium payments are made to a minority of the trustees as their roles and responsibilities (including inputs of significant clinical expertise) go far above and beyond the usual role of a trustee. Details of the honorarium are disclosed in the charity's Articles of Association, on the basis of a decision agreed by a subcommittee formed by trustees who would not themselves be receiving payments.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05034324 (England and Wales)

Registered Charity number

1185487

Registered office

Unit 7 19-23 Wedmore Street London N19 4RU

Trustees

N Sternhell L F Smith Chair R A Serlin P Rohleder J D McGregor Hepburn T Kent A D Greatley A Colam S A Beeken S Abse Chair (resigned 25.6.21)

Independent Examiner

Lee Warburton BA FCA Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WA1 1JW

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The British Psychoanalytic Council (Registered number: 05034324)

Report of the Trustees for the Year Ended 31 March 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Solicitors

Bates Wells & Braithwaite LLP 10 Queen Street Place London EC4R 1BE

Chief Executive Officer

GJ Ross-Sampson

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The British Psychoanalytic Council for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and 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 incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

Approved by order of the board of trustees on 10 September 2022 and signed on its behalf by:

L F Smith - Trustee

Page 11

Independent Examiner's Report to the Trustees of The British Psychoanalytic Council (Registered number: 05034324)

Independent examiner's report to the trustees of The British Psychoanalytic Council ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of BA FCA which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Lee Warburton BA FCA Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WA1 1JW

10 September 2022

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The British Psychoanalytic Council

Statement of Financial Activities for the Year Ended 31 March 2022

31.3.22
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
-
Charitable activities
Maintenance and regulation of professional
standards
639,987
Support grant related to Covid-19
-
Investment income
3
34
Total
640,021
EXPENDITURE ON
Raising funds
5
-
Charitable activities
6
Maintenance and regulation of professional
standards
321,560
Other
203,172
Total
524,732
NET INCOME
115,289
RECONCILIATION OF FUNDS
Total funds brought forward
232,062
TOTAL FUNDS CARRIED FORWARD
347,351		 31.3.21
Total
funds
£
50
550,393
10,000
340
560,783
500
539,655
-
540,155
20,628
211,434
232,062

CONTINUING OPERATIONS

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes form part of these financial statements

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The British Psychoanalytic Council (Registered number: 05034324)

Balance Sheet 31 March 2022

31.3.22
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
16,507
CURRENT ASSETS
Debtors
12
47,099
Cash at bank
868,141
915,240
CREDITORS
Amounts falling due within one year
13
(584,396)
NET CURRENT ASSETS
330,844
TOTAL ASSETS LESS CURRENT
LIABILITIES
347,351
NET ASSETS
347,351
FUNDS
14
Unrestricted funds
347,351
TOTAL FUNDS
347,351		 31.3.21
Total
funds
£
8,569
24,737
760,847
785,584
(562,091)
223,493
232,062
232,062
232,062
232,062

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

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The British Psychoanalytic Council (Registered number: 05034324)

Balance Sheet - continued 31 March 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 September 2022 and were signed on its behalf by:

L F Smith - Trustee

The notes form part of these financial statements

Page 15

The British Psychoanalytic Council

Cash Flow Statement for the Year Ended 31 March 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 31.3.22
£
117,621
117,621
(10,361)
34
(10,327)
107,294
760,847
868,141		 31.3.21
£
119,218
119,218
(7,606)
340
(7,266)
111,952
648,895
760,847

The notes form part of these financial statements

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The British Psychoanalytic Council

Notes to the Cash Flow Statement for the Year Ended 31 March 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
31.3.22 31.3.21
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 115,289 20,628
Adjustments for:
Depreciation charges 2,423 2,696
Interest received (34) (340)
(Increase)/decrease in debtors (22,362) 16,434
Increase in creditors 22,305 79,800
Net cash provided by operations 117,621 119,218
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank 760,847 107,294 868,141
760,847 107,294 868,141
Total 760,847 107,294 868,141

The notes form part of these financial statements

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The British Psychoanalytic Council

Notes to the Financial Statements for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The reporting currency is £ Sterling. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Allocation and apportionment of costs

During the year, the accounting system was reviewed and amended to more closely match the costs areas of the charity. In order for comparisons to be made and be relevant, the 2021 figures have been amended to new policy.

Tangible fixed assets

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

Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from corporation 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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

continued...

Page 18

The British Psychoanalytic Council

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES - continued

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the net asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Impairment of financial assets

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.

continued...

Page 19

The British Psychoanalytic Council

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES - continued

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits

2. DONATIONS AND LEGACIES

31.3.22 31.3.21
£ £
Donations - 50
3. INVESTMENT INCOME
31.3.22 31.3.21
£ £
Deposit account interest 34 340

continued...

Page 20

The British Psychoanalytic Council

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

4.
INCOME FROM CHARITABLE ACTIVITIES
31.3.22
Activity
£
Maintenance and regulation of professional
Membership fees
standards
604,295
Maintenance and regulation of professional
Conferences and events
standards
26,120
Maintenance and regulation of professional
Publications
standards
3,572
Maintenance and regulation of professional
Regulatory accreditation
standards
6,000
Covid-19 Grant
Support grant related to Covid-19
-
639,987
5.
RAISING FUNDS
Other trading activities
31.3.22
£
Bad debts
-
6.
CHARITABLE ACTIVITIES COSTS
Maintenance and regulation of
professional standards
7.
SUPPORT COSTS
Governance
Management
Finance
Other
costs
£
£
£
£
Other resources expended
184,653
92
2,423
16,004		 31.3.21
£
540,434
6,055
3,904
-
10,000
560,393
31.3.21
£
500
Direct
Costs
£
321,560
Totals
£
203,172

continued...

Page 21

The British Psychoanalytic Council

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.22 31.3.21
£ £
Depreciation - owned assets 2,423 2,696
Hire of plant and machinery 1,769 1,869
Other operating leases 28,334 24,596
Independent examiner's fee 2,172 1,500

9. TRUSTEES' REMUNERATION AND BENEFITS

In accordance with the Articles of Association, the Charity has paid honoraria to five trustees totalling £9,000.

Trustees' expenses

Trustees' expenses
31.3.22 31.3.21
£ £
Trustees' expenses 2,202 -

Travelling expenses were incurred by 4 trustees and the claims were approved as legitimate expenses to be claimed by the trustees as described in the Articles of Association.

10. STAFF COSTS

The key management personnel of the Charity comprise the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £90,140 excluding pension costs.

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

31.3.22 31.3.21
Average employees in the year 6 7

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

31.3.22 31.3.21
£60,001 - £70,000 - 1
£80,001 - £90,000 - 1
£90,001 - £100,000 1 -
1 2

continued...

Page 22

The British Psychoanalytic Council

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

11. TANGIBLE FIXED ASSETS

COST
At 1 April 2021
Additions
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accruals and deferred income
Deferred income comprises membership received in advance of the year
Balance as at 1st April 2021
Amount released to income earned from charitable activities
Amount deferred in year
Balance as at 31st March 2022		 Fixtures
and
Computer
fittings
equipment
£
£
7,296
12,976
994
9,367
8,290
22,343
6,042
5,661
479
1,944
6,521
7,605
1,769
14,738
1,254
7,315
31.3.22
£
3,739
3,175
40,185
47,099
31.3.22
£
35,103
6,837
542,456
584,396
to which it relates.		 Fixtures
and
Computer
fittings
equipment
£
£
7,296
12,976
994
9,367
8,290
22,343
6,042
5,661
479
1,944
6,521
7,605
1,769
14,738
1,254
7,315
31.3.22
£
3,739
3,175
40,185
47,099
31.3.22
£
35,103
6,837
542,456
584,396
to which it relates.		 Totals
£
20,272
10,361
30,633
11,703
2,423
14,126
16,507
8,569
31.3.21
£
2,000
9,365
13,372
24,737
31.3.21
£
15,267
4,860
541,964
562,091
31.03.22
£
491,687
(491,687)
525,441
525,441

continued...

Page 23

The British Psychoanalytic Council

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

14. MOVEMENT IN FUNDS

At 1.4.21
£
Unrestricted funds
General fund
232,062
TOTAL FUNDS
232,062
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
640,021
TOTAL FUNDS
640,021
Comparatives for movement in funds
At 1.4.20
£
Unrestricted funds
General fund
211,434
TOTAL FUNDS
211,434
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
560,783
TOTAL FUNDS
560,783		 Net
movement
At
in funds
31.3.22
£
£
115,289
347,351
115,289
347,351
Resources
Movement
expended
in funds
£
£
(524,732)
115,289
(524,732)
115,289
Net
movement
At
in funds
31.3.21
£
£
20,628
232,062
20,628
232,062
Resources
Movement
expended
in funds
£
£
(540,155)
20,628
(540,155)
20,628

continued...

Page 24

The British Psychoanalytic Council

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

14. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.20
£
211,434
211,434		 Net
movement
in funds
£
135,917
135,917		 At
31.3.22
£
347,351
347,351

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,200,804 (1,064,887) 135,917
TOTAL FUNDS 1,200,804 (1,064,887) 135,917

15. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contribution scheme. The assets of which are held separately from the assets of the charity in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £19,045 (2021 £19,304).

Included in Other Creditors is the pension liability at the year end of £1,892 (2021 £1,456).

16. CONTINGENT LIABILITIES

There is an amount within accruals and deferred income relating to possible future legal fees. This amount is estimated at £nil (2021: £30,000) as the matter was resolved and is now closed.

Page 25

continued...

The British Psychoanalytic Council

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 26

The British Psychoanalytic Council

Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations - 50
Investment income
Deposit account interest 34 340
Charitable activities
Membership fees 604,295 540,434
Conferences and events 26,120 6,055
Publications 3,572 3,904
Regulatory accreditation 6,000 -
Covid-19 Grant - 10,000
639,987 560,393
Total incoming resources 640,021 560,783
EXPENDITURE
Other trading activities
Bad debts - 500
Charitable activities
Wages 139,936 177,057
Social security 11,336 9,425
Pensions 10,872 10,737
Publications 17,977 17,068
Website and database costs 9,540 22,338
Committees, subscriptions and events - 6,299
Fitness to practise 19,228 1,800
Regulatory reaccreditation 1,621 (4,166)
Professional memberships 18,285 10,583
Temporary staff 41,755 7,435
Staff training 816 1,750
Recruitment costs 15,321 21,680
Events costs 25,709 -
Research projects 590 -
Membership costs 8,574 9,333
321,560 291,339
Support costs

This page does not form part of the statutory financial statements

Page 27

The British Psychoanalytic Council

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

for the Year Ended 31 March 2022
31.3.22 31.3.21
£ £
Support costs
Management
Wages 106,385 147,742
Social security 11,423 10,960
Pensions 8,173 8,567
Hire of plant and machinery 1,769 1,869
Other operating leases 28,334 24,596
Premises costs 2,581 6,071
Insurance 3,555 1,927
Legal and professional fees 843 10,604
Office running costs 15,314 16,890
Venue hire (297) -
Catering 64 -
Staff training 756 -
Travel and subsistance 19 -
Accountancy and bookkeeping 5,734 5,640
184,653 234,866
Finance
Bank charges 92 254
Other
Fixtures and fittings 479 418
Computer equipment 1,944 2,278
2,423 2,696
Governance costs
Trustees' honorarium 9,000 9,000
Trustees' expenses 2,202 -
Independent examiner's fee 2,172 1,500
Legal fees 2,586 -
Catering 44 -
16,004 10,500
Total resources expended 524,732 540,155
Net income 115,289 20,628

This page does not form part of the statutory financial statements

Page 28