2022-12-31-accounts

INSTITUTE of PSYCHOANALYSIS 2022 Annual Review The Brltlsh Psychoanalytlcal Soclety (Incorporatlng the Institute of P$ychoanaly$l$)

Annual Report 2022

Annual Report 2022

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Presidents report Publications
Who we are Board of trustees and other
key appointments
Membership
Financial review
Governance
Independent Report of
Strategic focus the Auditors
Education activities
The Clinic of the Institute Balance sheet
of Psychoanalysis
Notes to the accounts
Outreach activities
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The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Introduction from the President Presidents report This is my first Annual report since taking over the Presidency of our Society from Rosine Perelberg at our AGM in July 2022. 1 was delighted when the Board and our membership voted so positively in 2022 to the proposal that we put forward, to acknowledge Rosine's contributions to our Society by our electing her as our latest Distinguished Fellow. I was in the fortunate position of taking over from a President who was able to bring our tinancial position under control and we achieved an operating surplus of over £IOOk in the last year of her Presidency after many years of deficit. While this was a financial situation l and the Board have been determined to maintain this has not been without difficulties and l am pleased to report a continued small surplus of £36,177 and that we expect to be able to maintain our surplus position for 2023. The context in which we are operating continues to challenge us tinancially. Our income from some of our regular sources of income such as our journal have decreased while some outgoings have increased, most notably our energy and staff costs. We were pleased to welcome another good sized intake of students in 2022 and were able to increase our commitment to supporting candidates through running events such as the annual Oxford weekend and subsidising candidates to attend the British Colloquium as well as through bursaries and loans. We continued to subsidise candidate consulting rooms in 10 Windsor Walk as well as introducing a subsidy for the consulting rooms of regional candidates. Of course these expenditures are welcome since they relate to our primary charitable aims of training psychoanalysts and providing psychoanalytical treatment but nevertheless they also contribute to our costs. Other expenses such as travel, which were suspended during the Covid period have also needed to be met. As the Society's first regional President, it is especially pleasing to see the progress we have made that in the last years to make the training available for candidates outside of London has continued. For the first time there were more candidates from outside London than those based in the capital and now a third of our current candidates live beyond London. I want to acknowledge the achievement of colleagues in our clinic in establishing a new management structure and accompanying procedural changes in the work of ensuring that our candidates have suitable analysands. This work has resulted in the bottleneck that has dogged the training experience of many generations of candidates being very significantly improved. Also of note is the work that has been done to make the work of the Clinic a more integrated part of the training and a sethng in which our candidates can learn about assessment. The repairs to the basement consulting rooms and the lecture theatre following the flood were completed in the Autumn. We officially marked the re-opening at our first Scientific meeting in the Sigmund Freud Lecture Theatre on November 16th when we celebrated the life and scientific contributions of Edna O'shaughnessy; it was a pleasure to welcome a number of her family who also spoke movingly about her. However we have continued to be dogged by difficulties with our main Lecture Theatre which again became unavailable at the beginning of 2023 due to a combination of issues - a failure of the newly commissioned AV equipment and a leak from the balconies of the flats above in to the lecture theatre, both of which l am pleased to report have now been rectified. On a brighter note we have developed the 3rd floor meeting area which provide5 a more intimate setknng

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 for Smaller in person meetings such as Scientific meeting5, which continue to be run as hybrid meetings. New chairs, AV and a small catering area have been installed and the space will comfortably seat 35-40 people. Following the flood, the basement consulting rooms for child and adolescent work are also greatly improved and the Westminster Centre for Young People IWCYPI Ithe clinical service established by our joint project with the Brent Centre for Young People) have moved into their dedicated space in the basement. I am pleased to report that our collaboration on the WCYP is making an important contribution to our local community through the provision of psychoanalytically oriented psychotherapy and the identilication of potential patients for psychoanalysis for our child and adolescent analyst trainees. At the beginning of September I had the pleasure of visiting a meeting of Scottish and North of England members and we discussed a number of projects aimed to promote interest in psychoanalysis and psychoanalytic training in Scotland and the North East of England. One outcome of this is the International Edinburgh Conference on the 27th of April 2024. The title of the conference is "The Dynamic5 of Influence" and it promise5 to be an important conference and we hope to draw an international audience and showcase analytical thinking to interested professionals in Scotland and the North of England. In October we closed our Consultations in Crisis programme. This had been set up as the stress imposed by the pandemic began to be felt. It has been a service that has provided a psychoanalytic consultation for those, mainly workers in the NHS, who needed to have their distress listened to and understood. It was staffed by colleagues volunteering to do this work and nearly forty of our members took part in the scheme. In all one hundred and eleven people were seen and the feedback was uniformly positive. The project was a demonstration of psychoanalysis as a community resource. As the pandemic has abated there has been a corresponding decrease in calls upon the service and so it seemed most sensible to close it. It serves as a model which we can repeat if the need arises again. At the EPF conference in Vienna in November l attended a meeting which our Chair of Education introduced and chaired on the European Visiting Programme. The event was attended by representatives from several Societies who had not yet joined the programme but were seriously considering doing so and a number of them have since done so. Our Society was central in getknng this project off the ground and it was very satisfying to hear how important it has been and how it is expanding. A major concern has been the continuing developments stemming from the decision taken in 2017 by the IPA to recognise three sessions a week as a minimum frequency in the Eitingon model. While we are all aware that number of sessions per se are no guarantee of standards it is nevertheless an important indicator. Our colleagues working at 10 Windsor Walk have continued to expand the range and quality of their activities and are building an admirable centre of psychoanalysis in South London with remarkable initiative and hard work. In January we had a fruitful Board Away Day to discuss IOWW, attended by representatives of IOWW, to think about how the relationship between IOWW and the Society may develop, and l am sure that this will be a major focus for the Board in the coming period of time. We were sorry to say goodbye to our external Safeguarding Adviser, Sonia Appleby at the end of the year and am pleased to report that we have augmented our safeguarding Panel with 3 new members and appointed a Safeguarding Panel Chair. The Board continues to receive an annual report from the Panel and is supporting a group to review our safeguarding policy. We hope to appoint a new external Safeguarding Adviser in 2023. The Ukraine War Coordinating Group IUWCGI was set up by the Board very soon after the UK government decided to open the sponsor scheme for Ukrainian refugees. Several Members had been teaching in Ukraine for years and we had been touched by how many of our members volunteered to be sponsors for individuals and families and to help in many other ways, financial and practical. We are continuing to support 7 Ukrainian colleagues and their families now settled in the UK. The colleagues are either

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 psychoanalytic candidates of the Ukrainian psychoanalytic society or EFPP psychoanalytic psychotherapists either qualified or in training. Some of them arrived independently then came to our notice, others we have ourselves helped to place with host families. We have also helped on occasion when the first sponsorship has broken down. Most ofthese colleagues have very limited resources and we have been immensely grateful for the generosity of our members in donating money, time and other forms of assistance in an ongoing way to support our Ukrainian colleagues in the UK. Our Society would not be able to function without our Staff under the leadership of our Chief Executive. We continue to augment and grow our staff team to support our broadening portFolio of work and I remain immensely grateful to all of our staff who work hand in hand with our members and committees to support our prospering Society. l am particularly proud of the way in which our staff adapted to home working in 2020 and have continued to adapt the workings of the organisation in an exemplary way to the new ways of hybrid working for our training, lectures and office functions. The staff team continues to develop with a flourishing wellness committee, all staff training and office days and an increased focus on embedding our values that were approved by the Board in 2021. I must finish by paying tribute to my fellow Trustees and Board members and to our member volunteers on committees and our lay members. Also to our Journal Editors and the society staff for their commitment over the past year. We continue to face challenges post pandemic yet despite this, the society has remained resilient and managed to support its members and the wider psychoanalytic community through the delivery of new and reformatted training and course5. My thanks go once again to our Past President, Rosine Perelberg for her leadership and for getknng us back on track in financial terms despite the pandemic and flood. The society continues to adapt and support psychoanalysts and I look forward to reflecting on the achievements of 2023, which will include the launch of our new branding and website. Dr Vic Sedlak, President.

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Who we are The British Psychoanalytical Society Ilncorporating the Institute of Psychoanalysis) was founded by the British neurologist Ernest Jones as the London Psychoanalytical Society on 30 October 1913. The Society was refounded after the First World War in 1919 by Ernest Jones as the British Psychoanalytical Society, who served as its first President. The Society established a clinic and a training arm, known as the Institute of Psychoanalysis. With around 564 members, we are a UK and international community of professionals, dedicated to helping people enhance their lives through an intensive talking therapy, psychoanalysis. Psychoanalysts trained in the British Society have the highest professional standards and qualification5 and our training process is world renowned. Our History and influence Psychoanalysis and psychoanalytic ideas have a profound, far reaching and ongoing influence on health services and wider society. Some of our members were responsible for setting up and developing psychoanalytically informed centres of excellence in the N HS, such as the Tavistock Clinic, the Portman Clinic and the Maudsley Hospital, where we continue to train, teach and supervise. Others hold leading roles within our main universities. Our alumni include some of the most important figures in the history of psychoanalysis, including Michael Balint, Wilfred Bion, John Bowlby, Anna Freud, Melanie Klein, Joseph Sandler, Hannah Segal and Donald Winnicott. Current members are also world renowned psychoanalysts at the forefront of psychoanalytic practice and new outcome studies have recently emerged confirming the long-term effectiveness of this treatment Our Purpose Our purpose is defined as 'lncreasing the knowledge of the branch of science known as psychoanalysis including, but not limited to, training persons to practice psychoanalysis and psychoanalytic psychotherapy and improving the treatment of psychological and mental health problems by the technique of psychoanalysis" We aim to develop our position as the leading centre of excellence in the UK in the provision of psychoanalytic training, education, publication and clinical practice and to develop a professional organisation for the furthering of psychoanalysis through diversity and debate. To support the development of psychoanalytical knowledge as a general theory of mind. To maintain and further the clinical and scientific standards of psychoanalysis. To promote an internal culture where a diversity of psychoanalytic theories and techniques are valued and can be debated with intellectual openness. To train high quality psychoanalytic professionals in sufficient numbers to maintain and develop the profession of psychoanalysis.

Annual Report 2022

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2022 2021
Distinguished Fellows
Fellows
Members
Retired Distinguished Fellows
Retired Fellows
Retired Members
Candidates
New Entry Scheme Entrants
International Distinguished Fellows 2 2
Guests
Associates 2 2
Academic Associates
Clinical Associates
Honorary Fellows
Total 564 571
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The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 During 2022 the composition of the membership has remained relatively constant with an increase in Distinguished Fellows and Members. The increase in Distinguished Fellows was long overdue and recognises the immense experience held in the Society. Honorary Fellowship is awarded by the Board to an individual in recognition of an outstanding and unique contribution to the wider tield of psychoanalysis. Current Honorary Fellows are Simon Russell Beale, Anish Kapoor, Mervyn King, and Rowan Williams. This valued group also included Hilary Mantel who sadly died in September 2022. The BPAS now has 85 Training Analysts and a healthy capacity to provide psychoanalytic training and meet its charitable aims. Additionally, the internal infrastructure of committees has been enhanced by the implementation of a process by which newly qualified psychoanalysts become guests on committees and can rotate across committees thereby both learning about and contributing to the workings of the Society. This smooths the path of succession to subsequent committee positions Communication with the whole membership is maintained through a monthly Bulletin in addition to monthly letters from the President and newsletters from the Membership Officer highlighting events and activities both within and outside of the Society. The Society is proud of the immense work of its staff and its Members who devote their time, almost always on a voluntary basis, to further the activities and aims of the BPAS.

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Governance Governing Document The BPAS is registered as a charity in England and Wales (charity number 2123301 and is constituted as a company limited by guarantee. The Trustees are Directors of the Company. The Society is governed by its Articles of Association120141. The income and property of the Society IS Used towards the promotion and objects of the Society as set out in the Articles of Association and no portion can be paid or transferred directly or indirectly by way of dividend, bonus or otherwise by way of profit to the members of the society. In line with the Articles of Association, the number of trustees that are remunerated for services they carry out for the charity such as delivering seminars or giving consultations in the Clinic is limited to only a minority of Trustees to benefit in any one accounting period. Remuneration of Board members requires the express consent of the Board that it is in the best interests of the Society to approve this remuneration. Recruitment and training of trustees Under the Articles of Association, elerted members Ino more than twelve) and appointed members Ino more than seven) serve on the Board of Trustees. The Board may also co-opt up to three additional members at any one time. The Chair of the Board is the President of the Society who is elected by the members. All new Trustees receive a comprehensive induction from the CEO including a presentation covering the legal governance responsibilities of Trustees. All Trustees receive the Charity Commission "Essential Trustee" guide on their duties and responsibilities and are expected to attend external training on the role of Trustees and governance during their term of office. They also receive a pack of briefing papers as recommended by the Charity Commission and are asked to sign the Trustees, Conflict of Interest form and to provide information for the Register of Interests. Board and Committees The Board is responsible for setting the overall strategic direction of the Society. Members of the Board comprise the Trustees detailed on page 27. The President and all Trustees have a term of 3 years plus l. The Board met monthly during 2022 (except April and August) as full Board meetings and termly for Board study days. Board meetings continued to be held by zoom during 2022 to facilitate attendance from regional Board members. An Executive Committee is formed of the President, Vice President, Honorary Secretary, Honorary Treasurer, Chair of Education and supported by the Chief Executive which meets weekly. The Trustee body will delegate certain tasks to the Executive group with outcomes reported regularly to Board meetings. Day to day management of the Society is the responsibility of the Chief Executive who is accountable to the Board. Staff The key management personnel of the charity are the Chief Executive and other members ofthe Senior Management Team. The staff team is currently 24 staff who are a mixture of full-time and part-time staff that work flexibly. Since March 2020, the staff team have moved to working in a hybrid format, with most

Annual Report 2022

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Birdsong Key Engagement Indicators BPS 2021 BPS 2022
Total Agree
Score
The Chief and Leadership Team are 87% 88%
I feel I a difference 93% 88%
I am comfortable being myself at 93% 94%
My morale at is high 73% 71%
I feel appreciated here 87% 88%
I am proud to for this charity 87% 88%
I would recommend this charity as an employer 87% 94%
Engagement Index Score comparison: 87% 87%
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Annual Report 2022

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We invest in people.
we support everyone to develop
inclusive. and excel.
This means we: This means we:
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We listen:
we act with respect and integrity.
This means we:
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We are member-driven:
we are stronger in partnership.
This means we:
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The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 The remuneration of the Chief Executive is set by the Board by benchmarking other similar organisations. The Chief Executive has an annual appraisal conducted by the President and reported and discussed by the Board. Risk management The Trustees have overall responsibility for managing the risks of the charity, ensuring that the risks undertaken by the Society are fully understood and reflected in our practices and processes. This involves identifying the types of risks facing the charity, prioritising them in terms of the potential impact and likelihood of occurrence and identifying means of removing or mitigating the risks. The Society maintains a risk register to facilitate management of these risks which is updated and reviewed by the Board quarterly. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. From 2023, the Finance Sub-committee of the Board will review the risk register quarterly and advise the Board. The Board continues to receive the full risk register quarterly. The principal risks and uncertainties are considered to be: Key risks Mitigations i) Financial Income streams fail to deliver sufficient funds to allow an increased surplus for reinvestment in growth and new activities. Small surplus achieved in 2021 and 2022 and forecast for 2023. Cost pressures related to inflation and c05t of living, including staff pay awards continue to put pressure on budgets. Continued cost reduction programmes, for example in facilities costs and energy review taking place to reduce expenditure. Growth in income streams (events and consulting room rental) forecast ii) Compliance A health & safety failure or data protection breach causes harm to an employee, member or visitor. A Health & Safety audit was commissioned in 2022. from which the Health and Safety policy and procedure5 have been updated. A fire risk a55essment wa5 also undertaken and remedial actions undertaken. A new Health & Safety Committee was set up in 2022 to rnonitor and implement actions. The Board receives an annual report on Health & Safety and GDPR. 12

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Key risks Mitigations iii) Strategic and reputational Reputational damage to the profession and the Society. Continued close scrutiny and oversight by the Board and Executive across all areas of the Society's activities. Engagement with consultations on legislation that affects the profession. Close monitoring to ensure members registration with BPC or other regulator. iiii) Operational Website project delivery The new Website and CRM is scheduled to go-live in July 2023. Whilst this project has been delayed, it is forecast to remain within the budget agreed by the Board. A Project group chaired by the Iformerl Hon. Secretary meets weekly to track and support progress with the project. Fundraising Statement All donations and legacies are managed internally by trustees, staff andlor volunteers, without involvement of commercial participators or professional fundraisers. or third parties. No complaints were received in respect of fundraising activities. Public benefit Trustees have given due consideration to the Charity Commission's guidance on public benefit when reviewing the Society's aims and objectives and in planning future activities and confirm that the Society ha5 complied with it5 duty to have regard for the guidance on public benefit published by the Charity Commission on exercising its powers and duties. The publlc benefit of the Soclety Is dellvered through: Training persons to practice psychoanalysis and psychoanalytic psychotherapy and improving the treatment of psychological and mental health problems by the technique of psychoanalysis. Through the provision of a low fee clinic open to members of the public who might benelit from psychoanalytic treatment. Subsidised psychoanalytic consultations and psychoanalysis are available with trainees which allows patients to have a psychoanalysis that would otherwise not be affordable. Organisation of educational and training events for healthcare professionals in UK and abroad. The Society also provides education directly to non-members through its outreach events (many of which are subsidised for those on low incomes), foundation and post foundation courses and online education. 13

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Publication of the leading international Journal of Psychoanalysis and through the New Library of Psychoanalysis and Psychanalytic ideas books series. Supporting and guiding Psychoanalysts through all stages of their career as members of the Society. Contribution to national consultations including the National Institute for Clinical Excellence INICEI guidelines on Depression and representations to the proposed Bill on Conversion Therapy Collaboration with 10 Windsor Walk supports the development of psychoanalysis in South London and fosters closer links with the NHS (Kings and Maudsley Hospitals) The public benefit of the Society is also delivered through support and promotion of the work of its members and through upholding professional standards. Members subscriptions form a significant part of the Society's income and are used to support the activities for public benefi't. Whilst members themselves receive some benefit, without its members the Society could not continue to pursue its objectives, as they are responsible for the delivery of all of our education/training programmes. The work of the Committees Ilisted on pages 27, 28 & 291 is primarily delivered through members giving generously of their time to committees and to progress the activities of the society. Through our collaboration on the Westminster centre for young people, we are able to support an important contribution to our local community through the provision of psychoanalytically oriented psychotherapy The Board of Trustees, who are also the directors of the charitable company, officers, and key appointments are listed on pages 30 & 31. The BPAS Board presents its annual report for the year ended 31 December 2022 under the Companies Act 2006. Together with the audited accounts for the year, and confirms that these comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities, issued in 2019. The report is also a Directors, Report as required by Section 415 of the Companies Act 2006. 14

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Our Strategic Focus This annual report sets out how we continued to deliver our charitable objects and our achievements and challenges during 2022. The Board has identified the following strategic aims to guide its work over the next few years.. To increase the impact of the Society in the UK and internationally, for the benefit of the public, by Attrncting a larger number of trainee psychoanalysts Wlthout compromising the quality of our training,. Attracting a larger number of people, for whom intensive analy515 would be appropriate, into treatment with Society members and candidates., Promoting psychoanalytic ideas, and building strong links with other disciplines,. Promoting our international profile.. Establishing a psychoanalytical profession which encompasses different trainings and skills. acknowledging other therapeutic approaches and the research relevant to our work,. Puthng in place the organisational Structures, the human and physical infrastructure, 2nd cultLJre ch3nge to support the above strategic aims. This report sets out in more detail on pages 16-26, how these strategic objectives have been delivered this year and developments for the future across the main areas of our work- Education, Clinic, Scientific life, Outreach and Publications. 15

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Education activities The Education Committee oversees all aspects of training and education, including admissions, curriculum development and progression to Fellowship and application for Training Analyst. The New Entry Scheme INESI works in co-ordination with the main training and the Regional Committee and on qualification, NES candidate5 are elected to membership of the Society and thu5 become IPA members. The Library works with Education and with Outreach to provide access to reading material5. The child training is supported by a partnership with the Westminster Centre for Young People, a collaboration between the Institute and the Brent Centre for Young People, to undertake therapeutic work in the locality and from thi5 work to provide training cases for our child and adolescent training. 20 15 51 qualifications from our main training students in main training applications forour main training 12 students in N ES training land 2 affilates) NES qualifications 10 Members undergoing Fellowship New Fellow5 students in child and adolescent training qualifications from child and adolescent training 86 47 students on the Foundation course psychoanalyst5 taught on 32 evening teaching courses15 and 10 weeks) 64% 60 of applicants for main training attended the Foundation or Post-Foundation 39 students on the Post-Foundation course Psychoanalysts led clinical seminars 15 and 10 weeks)

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Significant activies during 2022 There has been a reduction in enquiries and applications for our training this year, with 20 applications130 previous yearl. Only one applicant has a medical background. The Fellowship course for Members has been extensively developed and there are now 38 members doing Fellowship. The Open evening ran successfully in person at end September 2022, 4 Follow on groups have run in London and 2 regionally, to support the progress of potential applicants from the initial point of interest up to making first contact with Admissions. The Northern training continues to thrive and our training organisation can now be regarded as a well co-ordinated 2 Centre training which other candidate5 in the Regions and many in the NES and Scotland can link to. The Northern training had a new intake of 5 candidates in 2022. The Child & Adolescent training curriculum has been thoroughly revised this year to not just cover the main areas for study but to lit consecutively with our Adult training curriculum so that it follows on from it. The course is a three year rolling model which members can join at any point. The Admissions Committee have been reviewing the experience of accepted candidates for what has helped them prepare for and benelit from the training, which has resulted in a more open approach to candidates with interviews and more in-depth preliminary and feedback interviews to help applicants. The new clinic for children and adolescents, the Westminster Centre for Young People has received 102 referrals for interventions including psychotherapy and family work and ha5 offered 666 appointments. Procedures for the assessment and transfer of selected training cases for the child training are being finalized for those trainees in London. It has been a year of recovery post pandemic and consolidation for teaching, with part online and part in-person seminars. This pattern of teaching has been augmented by more sustained weekend and residential events together, including international clinical teaching events. The impact of online learning will be evaluated during 2023. The curriculum continues to be reviewed and evolve with new courses. including a course on assessment and assessment of cases from our clinic under supervision which integrates the Clinic more fully in the training. Criteria for BPC accreditation of our child training have been drawn up and we plan to seek BPC accreditation over the next year. Consideration of support to the post- qualification experience of members before and after Fellowship has resulted in the organisation of new clinical days and better dissemination of information about clinical groups. Expanding training in the Regions has developed over the past year with structures for analytic development of existing and new members being developed, including with supporting CPD requirements of regional members. 113 of all candidates now live and work outside of London. The Library remains central to Institute training and outreach activities, maintaining links with a range of academic and mental health organisations. Of candidates accepted for training in 2022, 64% had attended the Foundation and/or Post Foundation Course throughout the UK, which is a reduction on the previous year of 84%. 17

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 ,WELO Il Iiil Looking to the future l. A new intake for the Northern Training will Commence in September 2024. 5. Opportunities to strengthen Foundation Course links with UCL and Birkbeck will be explored. 2. Plans for the development of a consecutive integrated training will be progressed over the next year 6. Consideration will be given as to how the needs of international students can continue to be met through the Foundation Course 3. Opportunities to develop Affiliate schemes in other parts of the country will be explored. which can foster regional/national developments in training. 7. Proposals are being developed for a modernisation of the Library in to a more up to date and efficient bibliographic resource with the primary function of supporting the teaching and research of the Institute's candidates and membership. 4. Further recruitment events in addition to the Open evening are planned with a focus on increasing the number of applications from doctors. 18

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 The Clinic of Psychoanalysis The Clinics offer psychoanalytic consultations to patients which may include referral for low fee, five times weekly analysis by candidates. The Clinic works on the basis of a subsidised model whereby patients pay a fee dependent on their financial means. The name of the Clinic was changed to The Clinic of the Institute of Psychoanalysis to better recognize the regional training and the success of the Northern Clinic. London Clinic 426 166 36 total enquiries telephone appolntmentg consultations completed 22 11 patlent$ offered 5x weekly analysis P8 ien commenclng 5x weekly ysis Northern Clinic 48 15 consultation$ completed enquiries appointments patiènts offered Sx weekly analy$ls commencing 5x weekly analysi$ 19

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Significant activies during 2022 The London clinic received 426 enquiries to the consultation service over a 12 month period, of which 166 went on to have a telephone triage, which was established last year to help assess a patients suitability for analysis. A new Clinic Committee has been established which brings together the London and Northern services along with the Consultation Lead and Education. The Westminster Centre for Young People has been established as a collaboration with the Brent Centre for Young People to provide psychoanalytically informed services. The service accept referrals offers clinical services to the community, with suitable cases referred to the Child and Adolescent training committee. The Clinic North received 48 enquiries, which resulted in 15 triage calls and 4 consultations. This resulted in 3 patients being offered a 5 times a week analysis and 3 patients commencing with a candidate in training. Following the review of the Clinic undertaken by the interim Clinic Management Group during 2021, a new structure for the Clinic has been implemented which reflects the complexity of the role of the Clinic and its interface with the training arm of the organisation. Looklng to the future l. The Clinic continues to review and improve the processes for triage and consultation to ensure that there is a good flow of patients for trainees in the Clinic. 2. The Westminster Centre for Young People collaboration will continue to be developed with consultation assessments for possible training cases being undertaken by the service. 20

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Scientific life of the Society The Scientilic Committee is responsible for organising Society Scientific Meetings, representing the spectrum of affiliation and theoretical opinion within the Society. It organises bi-monthly Scientific meetings, the Annual Research Lecture and the Norman Cohen Essay Prize, co-ordinates arrangements for the Ernest Jones Lecture and is responsible through the Conference sub-committee for the biennial English Speaking Weekend Conference. It acts as a facilitator for other scientific projects and encourages study groups addressing specific psychoanalytic topics. The Applied Section Committee is a sub-committee of the Scientific Committee and provides an important opportunity for inter-disciplinary exchange between members of the Society and guests from different backgrounds, which includes Foundation and Post-Foundation students, postgraduate students at UCL and Birkbeck, through their programme of meetings with speakers from a variety of disciplines. Slgnlflcant actlvles durlng 2022 The Scientific and Applied Section programmes remained largely online during 2022 due to issues with the unavailability of the lecture theatre until Autumn 2022, following the flood in July 2021. of our Members, Edna O'shaunessy. This was attended by 294 colleagues, friends and family The Annual research lecture wa5 given by Dr Howard Levine from the B05ton Psychoanalytic Institute. Both programmes are now usually offered as hybrid meetings, allowing wider attendance from regional and international members. In collaboration with the Publication5 Committee, three writing groups for members and guests were organised in the Autumn of 2022, to support people keen to develop their psychoanalytic writing. 12 Scientific meetings were organised across the year, which included presentations from societies abroad. A special meeting was organised in November 2022 to remember the life and work of one The Applied Section held eight meetings during the year, exploring diverse topics from Dante's Comedy, Samuel Beckett, p5ychosomatics and art. Looklng to the future l. The Norman Cohen writing prize, commemorating his life and psychoanalytic contribution will be awarded in summer term 2023. 3. The James Mackeith memorial lecture will be given in May 2023 by Conor Gearty. on "States of denial.. how democratic society manages to square its liberal values with the "war on terror" 2. The biennial Internal Conference will take place in July 2023 on "The Ego and the Id: 100 years" for a sharing of views to mark the centenary of Freud's paper. 4. The Ernest Jones lecture will be given by Anthonyjulius in June 2023, examining'can psychoanalysis help us address free speech controversies"

Annual Report 2022

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Events Events Booked
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The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Our taster evening from the Therapeutic Relationships in Mental Health in July 2022, on burnout in the workplace attracted a maximum capacity of 1000 attendees online. The European Film Festival now in its Ilth season, ran in November 2022 The interdisciplinary dialogue between psychoanalysis and the cinema that has been established through this Festival continued on the theme of "Hope" conceived in the midst ofthe pandemic. The ticket price for our mental health events has once again been kept low to foster the Institute's engagement with mental health and to make them acce55ible for mental health professionals with low incomes. A 3rd term of Maudsley lectures was introduced in Summer 2022 on the theme, "The Arts and Psychoanalysis" which included lectures and a piano recital. In May 2022, 3 play "Marooned" about suicide by Michael Gray Griffith was filmed and screened with discussion. It was also Shown at a teaching event. A new series of monthly child analysis clinical seminars were established in the spring term with a wide range of presentations. Society, Politics and Culture events were organised across the year with a new series of The Forum- Psychoanalysts in Dialogue and an event in collaboration with the Centre for Philosophy and Visual Arts ICPVAI at Kings College, "Questioning the Obvious" The Society's archives continue to be an important source of research to members, scholars, researchers and students wishing to engage with our collections. The migration of the archive catalogue to a new fully web based catalogue has been completed, with almost 150,000 separate pieces of data from our 46 collections being mapped to the new system. The new system will allow digital objects such as photographs and scanned documents to be added online, which will improve the online search experience. Our events continued to run regionally with a collaboration with the Leeds Film School at Leeds Beckett University on Psychoanalysis and Culture. IF.JI. .IqK IfiiT . 23

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Looking to the future l. New events on mental health are being developed for 2023, including further events on suicide and plans for wider distribution and discussion of the tilm 'Marooned" 4. Following previous successful poetry competitions and events, a one day conference on poetry is being planned for 2024, with a possible publication of selected poems as an anthologv. 2. The theme of Arts and Psychoanalysis will continue in to the Summer term of the Maudsley lectures across architecture, literature and art 5. The Freud Museum in Vienna hosted an important exhibition on Viennese psychoanalysts in exile from 1938 and beyond, in 2021 using material from our archives and we are delighted to learn that the exhibition is due to transfer to the Austen Riggs Centre in Massachusetts, USA. 3. New events in the "Dialogues" series are planned on music and on palliative care and assisted dying. 11 24

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Publications The Society's publications remain central to the academic life of the Society as well as having a key role in maintaining the Society, standing in the international psychoanalytic community. The Society publishes the International Journal of Psychoanalysis, a fully peer reviewed Journal six times a year. The Journal continues to foster cross-cultural dialogue, with papers submitted in six languages from across the world and remains the foremost international vehicle for the exchange of psychoanalytic ideas. The Society also publishes around six new books a year as part of our renowned New Library of Psychoanalysis series and The Psychoanalytic Ideas book series. LY£V-tsV& Signiflcant activles during 2022 l. The International Journal of Psychoanalysis is a vehicle for opening up conversations between diverse theoretical and geographical areas of psychoanalysis. During 2022, International zoom study meetings were launched with analysts thinking and talking about the prime issues facing psychoanalysis today. 4. A new Programme of NLP webinars launched last year has continued to attract significant online audience5 and interest. 5. Work continues to complete the copy-editing and typesethng of all 24 Volumes of the Revised Edition of The Complete Psychological works of Sigmund Freud, with a planned publication date in late 2024, with international launch events in USA and UK being planned. 2. The Journal's subscriber base has significantly increased over the past year with nearly 5,000 subscribers in psychoanalytic societies. 3. NLP published 3 books with 4 more out for review and 3 volumes in preparation for Psychoanalytic Ideas series. 25

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Looklng to the future l. A new IJP Open will be launched during 2023 with a revamped site for increased interactivity for authors and reviewers to respond to each other and for psychoanalytic readers to add their expertise to the review process. 3. Plans will be developed for the publication of the Revised Standard Edition in late 2023 with launch events in London, New York and a special issue of the International Journal of Psychoanalysis in January 2024. 4. Consideration is being given to a secondary publication series to the Revised Standard Edition. 2. The new series of New Library of Psychoanalysis webinars which commenced in 2021 in collaboration with Outreach are planned to continue to develop in 2022.

Annual Report 2022

Dr Vic Sedlak

Mr Michael Mercer

Dr Avi Shmueli

Ms Helen BrindLey

Ms Louise Lyon

Mr Leon Kleimberg

Mrs Anat Gedulter-Trieman

Dr Sarah Robertson

Mr Alonso Gonsalez

Mr Carlos Fishman

Mr Denis Flynn

Dr Brian O’Neill

Mr Fakhry Davids

Dr Wilhelm Skogstad

Mrs Penelope Garvey

Mrs Anne Amos

Ms Caroline Langley

Annual Report 2022

Mrs Susan Loden

Dr Anna Streeruwitz

Dr Heather Wood

Dr Dana Birksted-Breen

Mr Francis Grier

Dr Vic Sedlak

Ms Louise Lyon

Ms Caroline Langley

Mr Roger Press

Mr Peter Richardson

Ms Louise Lyon

Mr Stephen Morrall

Mr Neil Loden

Ms Elizabeth Coates Thümmel

Ms Ruth McCall

Ms Caroline Langley

Mr Graeme Newton

Mr David Norgrove

Dr Sarah Robertson

Dr Vic Sedlak

Dr Brian O’Neill

Mr Fakhry Davids

Dr David Bell

Annual Report 2022

Mr Denis Flynn

Dr Ana Paulina Sauma

Dr Maxim Sauma

Ms Rachel Chaplin

Ms Megan Virtue

Mrs Rosemary Davies

Ms Geraldine Shipton

Dr Elizabeth Gibb

Ms Isabel Hernandez-Halton

Dr Sergei Grachev

Mr Alex Read

Dr Wilhelm Skogstad

Ms Penelope Garvey

Mrs Anne Amos

Dr Heather Wood

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Reference and administrative information Full name ofthe charity: The British Psychoanalytical Society (incorporating The Institute of Psychoanalysis) Address of the Principal office of the charity and registered office: Byron House 112a Shirland Road London W9 2BT Charity Registration Number= 212330 Company Registration Number.. 00200962 Bankers.. C.Hoare 32 Lowndes Street London SWI X9HZ Charities Aid Foundation ICAFI 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA Solicitors Charity, Employment and Ethics: Bateswells 10 Queen Street Place London EC4R IBE Bevan Brittan (since March 20231 Fleet Place House 2 Fleet Place, London EC4M 7RF 30

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Solicitors Property.. Eversheds Sutherland I Wood Street London EC2V 7WS Bevan Brittan (since March 20231 Fleet Place House 2 Fleet Place, London EC4M 7RF Solicitors Publications: Penningtons Manches Cooper 125 Wood Street London EC2V 7AW Auditors- Haysmacintyre LLP 10 Queen Street Place London EC4R IAG Advisors - Investments.. Sarasin & Partners LLP Juxon House 100 St Paul's Churchyard London EC4M 8BU Advisors In5urance- Bartlett & Company Ltd Broadway Hall Horsforth Leeds LS18 4RS 31

Annual Report 2022

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Journal Training Clinic Clinic PEP
and
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Training
library
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The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Flnanclal Hlghllghts for 2022 The Society's income for the year was £2,137,89112021'. £2,483,169). The previous year included £242,878 of insurance proceeds after the Byron House flood which occurred in July 2021. Expenditure for the year was £2,101,89112021.' £2,061,698). The previous year includes a £242,878 impairment on our Byron House basement property, the repair work for which was completed in July 2022. The deficit for the year ended 31 December 2022 was £648,32512021: £784,667 surplus) of which £684,50212021: £363,196 surplus) was attributable to losses on stock exchange investments. The Society's operating surplus of £36,17712021: £109,825) before the investment surplus was slightly behind the amount anticipated by the annual budget setknng process. At 31 December 2022, the Society's reserves are made up of £4,466,48412021: £4,264,982) of general funds, £180,00012021'. £180,000) held in a revaluation reserve, £32,52312021'. £282,539) of designated funds and £4,996,10412021: £5,595,915) of restricted funds. General funds include £3,845,48412021: £3,635,5861 of Tangible Fixed Assets which, once excluded, leaves free reserves of £621,000 12021.. £629,396). Sources of fundlng The principal sources of funding for the Society are annual membership subscriptions. journal subscription income and investment income. Annual membership subscription rates are reviewed and set by the Board each year and the Society's element of the total amount collected represents 17% of income from charitable activities12021'. 17%). This is a stable source of income. Subscriptions to the International Journal of Psychoanalysis represented 230h of income from charitable activities12021'. 240AI. This source of income is relatively stable but remains vulnerable to a general decline in sales of all academic journals. Investment income fluctuates with the market and 2022 saw a stable performance despite the difficult market conditions. Investment Policy In accordance with the Trustee Act 2000 an investment policy statement was developed and approved by the Board on 28 August 2010. All General and Restricted Funds are managed on a pooled basis by Sarasin & Partners on behalf of the Society. Quarterly reports are received by the trustees from Sarasin. In addition to the annual presentation to investors in the fund, a one to one meeting is held with the investment sub- committee twice a year. More frequent meetings are held if required. The investment objective of the fund is to achieve long-term capital and income growth, providing sufficient income to support today's beneficiaries whilst still seeking real growth in capital to meet the future needs of the charity. Consequently, funds are invested across a range of asset classes with a strong bias to 'real" assets such as equities. The investments are held in the Sarasin Climate Active Endowments Fund, as follows.. No investment in companies with 5% or more of their turnover involved in the mining of thermal coal or tar sands. Following engagement, no investment in companies that needlessly emit significant quantities of carbon into the atmosphere, or which do not take seriously the transition to a low carbon economy. Zero tolerance on tobacco production and manufacturing of tobacco related product5. 33

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 No investment in companies that generate significant turnover from the manufacture of arms, alcohol, gambling or pornography. During the year the Society incurred a loss on investments of £684,50212021: £363,196 surplus) due to difficult market conditions with investment performance for the year resulting in a 10.9% loss, compared to the benchmark loss of 6.9°A. Policy on reserves The Board reviewed the reserves policy in December 2021 when it was decided that the level of free reserves should remain within the range £600,000 to £800,000. This was based on a number of factors.. Commitments. The nature of the business is such that publishing, clinical and educational obligations are entered into for a considerable number of years ahead and short term reductions in expenditure are difficult to implement. b. Fundraising. Since the Society does not raise funds through fundraising activities, the ability to meet the objects of the charities lincluding the restricted funds) on a continuing basis means that capital has to be preserved to provide the funding resources c. Contingencies. Reserves are required sufficient to meet unforeseen expenditure, for example in relation to maintenance of the building or an unforeseen legal dispute. Free reserves are required to avoid the necessity of realising fixed assets, which are held for the charity's long term use and essential for its functioning. d. Project funding. To linance large projects and avoid borrowing for projects the income from which is not expected to be received for some years. Free reserves after allowing for Designated Funds decreased slightly to £621,000 at the end of 202212021: £629,396). This was made up of invested general funds of £426,82812021.. £406,803) and net current assets of £194,17212021= £222.5941. The free reserves are monitored carefully to achieve the level set by the Board. The current free reserves are £621,000 which is within the range set by the board at it most recent review. Designated Funds at the end of 2022 were £32,52312021: £282,539). The Byron House Reinstatement Fund was fully utilised in 2022 to fund the reinstatement of Byron House after the basement flood in July 2021 and amounted to £242,878 at 31st December 2021. Designated Funds are constantly under review and will be returned to general funds where appropriate. Trustees Responsibilities The trustees, who are also directors of the charitable company, are responsible for preparing their report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. The financial statements are required by law to give a true and fair view of the state of the affairs of the charitable company and of the surplus or deficit for that period. In preparing these financial statements the trustees are required to.. 34

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Select suitable accounting policies and apply them consistently. Observe methods and principles in the Charities SORP. Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will continue in operation. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. The trustees are also 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. Statement of Dlsclosure to the Audltor So far as the Board of Trustees are aware: There is no relevant audit information of which the Charity's auditors are unaware.. and They have taken all steps that they ought to have taken as Trustees and in order to make themselves aware of any relevant audit information and to establish that the Charity's auditors are aware of that information. The auditors. Haysmacintyre LLP have expressed their willingness to continue in office and a resolution to appoint them will be proposed at the annual general meeting in accordance with section 485 of the Companies Act 2006. This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Art 2006. By order of the Board I/iG SGd/a% Dr Vic Sedlak President Date.. 3 July 2023 3S

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 Independent auditor's report to the members of The British Psychoanalytical Society (Incorporating the Institute of Psychoanalysis) Opinion We have audited the financial statements of the British Psychoanalytical Society for the year ended 31 December 2022 which comprise the Statement of Financi31 Activities, the Balance Sheet, the Cash Flow Statement 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 U K and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the linancial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of the charitable company's net movement in funds, including the income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities 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 FRC'S 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 linancial 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 charitable company'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 trustees with respect to going concern are described in the relevant sections of this report.

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 other information The trustees are responsible for the other information. The other information comprises the information included in the Trustees. Annual Report. 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. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit= the information given in the Trustees, Annual Report (which includes the strategic report and the directors. report prepared for the purposes of company lawl for the financial year for which the financial statements are prepared is consistent with the tinancial statements,. and the strategic report and the directors, report included within the Trustees, Annual Report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report (which incorporates the strategic report and the directors, report). We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires US to report to you if, in our opinion.. adequate accounting records have not been kept by the charitable company; or the charitable company financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specilied by law are not made,. or we have not received all the information and explanations we require for our audit Responsibilities of trustees for the financial statements As explained more fully in the trustees. responsibilities statement on page 34, the trustees Iwho are also the directors of the charitable company for the purposes of company lawl 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 the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 37

The British Psychoanalybcal Society IINcorporating the Institute of Psychoallalysisl nYii.I P-rnrt ?n2 In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue 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 charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's 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 auditor's 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 IUKI 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 is detailed below: Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to regulatory requirements for GDPR, Charities Act 2011 and Companies Att 2006 and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the Charities Act 2011, income tax and payroll tax. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements lincluding the risk of override of controlsl, and determined that the principal risks were related to posting inappropriate journal entries to revenue and management bias in accounting estimates and application of controls around authorisation of expenditure and payments. Audit procedures performed by the engagement team included.. In5pectin8 correspondence with regulators and tax authoritie5; Discussions with management including consideration of known or suspected instances of non- compliance with laws and regulation and fraud; Evaluating management's controls designed to prevent and detect irregularities- Identifying and testing journals, in particular journal entries posted with unusual account combinations, postings by unusual users or with unusual descriptions,. and Challenging assumptions and judgements made by management in their critical accounting estimates 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. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 38

Annual Report 2022

Kathryn Burton (Senior Statutory Auditor)

5th July 2023

Annual Report 2022

Unrestricted Note Funds Income from: £ Donations and legacies 381,940 Charitable activities 3 1,450,633 Investments 67,103 Other 127,224 Total income 2,026,900 Expenditure on: Raising funds 1,383 Charitable expenditure 4 2,036,172 Fixed asset impairment - Total expenditure 2,037,555 Net income/(loss) before investment gains/(losses) (10,655) Net gains/(losses) on investments Net gain/(loss) on listed investments 7 (37,859) Net gain/(loss) on investment land 7 - Total gains/(losses) on investments (37,859) Net movement in funds (48,514) Fund balances brought forward at 1 January 2022 4,727,521 Fund balances carried forward at 31 December 2022 4,679,007	Restricted Funds £ 19,437 - 91,554 - 110,991 30,928 33,231 - 64,159 46,832 (646,643) - (646,643) (599,811) 5,595,915 4,996,104	Total 2022 £ 401,377 1,450,633 158,657 127,224 2,137,891 32,311 2,069,403 - 2,101,714 36,177 (684,502) - (684,502) (648,325) 10,323,436 9,675,111	Total 2021 £ 635,128 1,398,120 163,757 286,164 2,483,169 32,705 1,786,115 242,878 2,061,698 421,471 363,196 - 363,196 784,667 9,538,769 10,323,436

All activities in 2020 and 2021 related to continuing operations and no other gains or losses are to be reported.

The accompanying notes form part of these financial statements.

Annual Report 2022

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Note 2022 2022 2021 2021
£ £ £ £
Fixed assets
Tangible assets 6 3,845,484 3,635,586
Intangible fixed assets 6a 48,748 -
Investments 7 4,837,302 5,521,804
8,731,534 9,157,390
Current assets
Debtors 9 855,588 1,008,680
Cash at bank and on deposit 15 630,584 499,114
1,486,172 1,507,794
Creditors: amounts falling due within one year 10 (542,595) (341,748)
Net current assets 943,577 1,166,046
Total assets less current liabilities 9,675,111 10,323,436
Funds
Unrestricted Funds:
General Fund 4,466,484 4,264,982
Designated Funds 11 32,523 282,539
Revaluation Reserve 180,000 180,000
4,679,007 4,727,521
Restricted Funds: 12 4,996,104 5,595,915
Total Funds 9,675,111 10,323,436
These financial statements were approved by the Board and authorised for issue on : 03 July 2023
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Dr Vic Sedlak Dr Sarah Robertson President Vice President

The accompanying notes form part of these financial statements.

Annual Report 2022

Note Cash flows from operating activities 14 Cash flows from investing activities Dividends and interest Proceeds from sale of investments Purchase of investments Purchase of property, plant and equipment Net cash flows from investing activities Cash and cash equivalents at 1 January 13 Cash and cash equivalents at 31 December 15 Net Debt Reconciliation At 1st January 2022 £ 2021 Cash at bank and in hand 499,114 Bank overdraft - Net debt 499,114 At 1st January 2021 £ 2020 Cash at bank and in hand 282,091 Bank overdraft (125,213) Net debt 156,878	- Cashflows £ 131,470 - 131,470 Cashflows £ 217,023 125,213 342,236	2022 £ 354,516 158,657 - - (381,703) (223,046) 499,114 630,584 Other Non-cash Changes £ - - - Other Non-cash Changes £ - - -	2021 £ 263,910 163,757 - (2,072) (83,359) 78,326 156,878 499,114 At 31st December 2022 £ 630,584 - 630,584 At 31st December 2021 £ 499,114 - 499,114

The accompanying notes form part of these financial statements.

Annual Report 2022

1 Accounting policies

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) �(Charities SORP 2015 (Second Edition, effective 1 January 2019)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Going Concern

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the Trustees have considered the Charity�s forecasts and projections and have taken account of pressures on donation and investment income. After making enquiries the Trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

The Trustees do not forsee any material uncertainties arising from Covid-19.The Trustees do not foresee any material uncertainties about the Charity’s ability to continue as a going concern.

Income Recognition

Income is recognised when the Charity has entitlement to the funds, performance conditions are met where relevant, and it is probable that the income will be received and can be measured with sufficient reliability.

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Membership subscription income is recognised in the year to which it relates, net of the cost of enrolling members with the third party organisations that form part of their subscription.

Journal subscription income is accounted for in the year within which the date of the publication falls. Amounts invoiced or received in the year, relating to publications for future periods, are deferred.

Event based income is recognised on the date of the event - income and expenditure related to the event is accounted for in the year in which the date of the event occurs. Deposits received, or costs incurred, by the balance sheet date for events for a future year are deferred.

Legacy income is recognised when the charity becomes aware of entitlement through notification from the executor, grant of probate has occurred and any conditions attached to the legacy are within the control of the charity.

Expenditure

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 that the amount of the obligation can be reliably measured. Charitable expenditure includes all costs relating to the furtherance of the charitable objectives. Governance costs include those incurred in the governance of the charity and its assets, and are primarily associated with constitutional and statutory requirements. Support costs not directly related to a particular activity and governance costs are allocated between charitable activities on the following bases:

Property occupation costs: Support and governance costs: Depreciation:

by floor space by staff time by floor space

Annual Report 2022

1 Accounting policies (continued)

Tangible fixed assets

Tangible fixed assets are shown at cost less accumulated depreciation and any provisions arising from impairment of the value of the assets. Depreciation is provided to write off the cost, less estimated residual values, of fixed assets, over their expected useful lives calculated at the following rates:

• Freehold and long leasehold buildings 2% per annum on the straight line basis - Building Development 2% or 5% per annum on the straight line basis, determined by the expected life of each asset - Computers, furniture and fittings 25% per annum on the straight line basis - Library 2% per annum on the straight line basis Archives - 2% per annum on the straight line basis

The element of property values attributable to land is not depreciated.

Restricted Funds

Income received for purposes specified by the donor are shown as Restricted Funds in the statement of financial activities. Expenditure consistent with the specified purpose of the fund is applied to the relevant fund. Any unexpended amount at the balance sheet date is carried forward within restricted funds.

Designated Funds

The Trustees, at their discretion, may set aside funds to cover specific future costs. Such funds are shown as designated funds within General funds. Where the Trustees decide such funds are no longer required for the purposes intended, they may be released by transfer to general funds.

Investments

Investments in listed securities are shown in the balance sheet at their market value on the balance sheet date. Investment income, realised gains and losses and unrealised gains and losses arising on revaluation are attributed to the fund for which the investments are held. Investment land is carried at fair value determined regularly by an external valuer and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve except where a deficit is deemed to represent a permanent diminution in value, in which case it is charged to the income and expenditure account.

Financial Instruments

The Society 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 Charity's balance sheet when the Charity 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 asset and settle the liability simultaneously. With the exceptions of prepayments and deferred income all other debtor and creditor balances are considered to be basic financial instruments under FRS 102.

Debtors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. With the exception of training loans (detailed in note 9) all debtors and creditors are payable within normal business terms and none are due beyond 12 months of the invoice date. Other debtors and training loans 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.

Annual Report 2022

1 Accounting policies (continued)

Financial assets

Financial assets, other than investments, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.

Financial liabilities

Financial liabilities are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.

Foreign currency

Transactions undertaken in foreign currencies are translated to sterling at an average rate for the year. Balances denominated in foreign currencies are translated at the closing rate. All foreign currency differences are applied to the balance of the General Fund.

Joint Venture Accounting

An entity is treated as a joint venture where the Society is party to a contractual agreement with one or more external parties to undertake an economic activity that is subject to joint control. In these accounts the Society�s interests in joint ventures are accounted for at cost less any provision for impairment.

Pension schemes

Once employees have progressed beyond their probationary period the Society makes contributions on behalf of them to either a personal stakeholder scheme with Standard Life or, subject to the Society�s approval, another defined contribution scheme nominated by the employee. The costs of the employer contributions are expensed immediately as with other payroll costs.

2 Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing these financial statements, the Trustees have made the following judgements:

• Determine whether there are indicators of impairment of the Charity's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty

• Tangible fixed assets, other than investment land, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

• Listed investments are valued at the quoted bid price at the reporting date.

• Investment land is professionally valued using a yield methodology. This uses market rental values capitalised at a market capitalisation rate but there is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

Annual Report 2022

3 Income from Charitable Activities - Unrestricted Funds

Publishing income Membership income Clinic Scientific Education Outreach Online Education Designated fund income Other charitable income Total income from charitable activities	2022 £ 483,305 248,173 96,053 2,620 252,511 367,951 - - 20 1,450,633	2021 £ 498,974 234,748 93,737 30,385 278,571 201,702 59,516 237 250 1,398,120

Membership income is shown net of the cost of enrolment of members in other third party organisations of £157,162 (2020: £126,712), which is part of their subscription entitlement. The Institute collects the enrolment fee from members with their subscription, and pays it over directly to the third party organisations. This has no impact on the net movement in funds.

Annual Report 2022

4 Charitable Expenditure

Publishing Membership Subscriptions Clinic Scientific Education Outreach Online Education Library Archives Other charitable activities Total charitable expenditure Publishing Membership Subscriptions Clinic Scientific Education Outreach Online Education Library Archives Other charitable activities Total charitable expenditure	Staff costs 2022 £ 141,303 - 151,895 - 95,980 152,645 - 56,714 26,629 - 625,166 Staff costs 2021 £ 149,678 - 119,977 - 90,964 116,183 30,628 52,548 26,490 - 586,468	Other direct costs 2022 £ 259,674 39,166 14,598 - 64,320 87,823 - 2,783 3,989 23,465 495,818 Other direct costs 2021 £ 235,281 574 39,613 406 48,378 32,670 4,333 3,126 1,559 - 365,940	Support and governance costs 2022 £ 170,244 37,756 290,083 54,662 167,665 66,719 53,770 77,107 25,391 5,022 948,419 Support and governance costs 2021 £ 157,014 31,425 245,786 47,639 147,134 60,912 49,281 67,171 22,720 4,625 833,706	Total 2022 £ 571,221 76,922 456,576 54,662 327,965 307,187 53,770 136,604 56,009 28,487 2,069,403 Total 2021 £ 541,973 31,999 405,376 48,045 286,476 209,765 84,242 122,845 50,769 4,625 1,786,115

Annual Report 2022

4 Charitable Expenditure (continued)

Analysis of support costs

022 Charitable activities Governance Total charitable expenditure 021 Charitable activities Governance Total charitable expenditure	Governance Costs £ 131,104 (131,104) - Governance Costs £ 142,623 (142,623) -	Finance Costs £ 132,395 61,298 193,693 Finance Costs £ 132,571 57,202 189,773	CEO Costs £ 125,289 50,342 175,631 CEO Costs £ 118,992 75,734 194,726	Facilities Costs £ 559,631 19,464 579,095 Facilities Costs £ 439,520 9,687 449,207	Total 2022 £ 948,419 - 948,419 Total 2021 £ 833,706 - 833,706

Support costs have been allocated on the basis of estmiated use.

Governance costs are as follows:

Staff costs Audit costs Cost of AGM Board meetings Legal and professional Other costs	2022 £ 8 , 1 , - , , - 1 ,	2021 £ 87,465 16,775 - 1,635 36,748 - 142,623

Annual Report 2022

4 Charitable Expenditure (continued)

The split of charitable expenditure between general and restricted funds is as follows:

2022 Publishing Membership Subscriptions Clinic Scientific Education Outreach Online Education Library Archives Other charitable activities Total charitable expenditure 2021 Publishing Membership Subscriptions Clinic Scientific Education Outreach Online Education Library Archives Other charitable activities Total charitable expenditure	Unrestricted Funds £ 571,221 76,922 456,518 54,662 311,542 307,176 53,770 136,604 55,998 11,759 2,036,172 Unrestricted Funds £ 541,973 31,999 405,321 48,045 307,390 209,751 84,242 122,845 50,755 4,625 1,806,946	Restricted Funds £ 58 16,423 11 11 16,728 33,231 Restricted Funds £ 55 (20,914) 14 14 (20,831)	Total 2022 £ 571,221 76,922 456,576 54,662 327,965 307,187 53,770 136,604 56,009 28,487 2,069,403 Total 2021 £ 541,973 31,999 405,376 48,045 286,476 209,765 84,242 122,845 50,769 4,625 1,786,115

Annual Report 2022

5 Staff Costs

Salaries Social security costs Pension costs Total staff costs Staff costs are allocated as follows: Charitable activities Central and Support activities Governance costs Total staff costs The average number of people employed during the year was: Employees receiving emoluments in excess of £60,000 p.a. during the year The following number of employees earned emoluments within the bands shown below: - £61,000 to £70,000 - £81,000 to £90,000 - £91,000 to £100,000	2022 £ 877,231 79,055 87,159 1,043,445 2022 £ 705,692 253,315 84,438 1,043,445 2022 22 2 - 1	2021 £ 834,536 73,090 79,745 987,371 2021 £ 637,512 262,395 87,465 987,372 2021 23 2 1 1 -

The key management personnel of the Charity is the Chief Executive. Their employee benefits totalled £116,469 (2021 - £105,157). This included contributions in the year for the purpose of money purchase pension benefits of £10,594 (2021 - £10,427).

No members of staff were made redundant during 2022 (2021: two), the costs of redundancy are included in staff costs. The total costs of redundancy were £nil (2021: £nil). These were all paid during the year.

Annual Report 2022

6 Tangible Fixed Assets

2022 Cost or valuation At 1 January 2022 Additions during the year Transfer during the year Written off during the year As at 31 December 2022 Less: Depreciation At 1 January 2022 Charge for the year Transfer during the year Written off during the year As at 31 December 2022 Net book value As at 1 January 2022 As at 31 December 2022 6 Tangible Fixed Assets 2021 Cost or valuation At 1 January 2021 Additions during the year Written off during the year As at 31 December 2021 Less: Depreciation At 1 January 2021 Charge for the year Written off during the year As at 31 December 2021 Net book value At 1 January 2021 As at 31 December 2021

Freehold property Long leasehold property Property improvement Computers, furniture and fittings Library Archives Total £ £ £ £ £ £ £ 3,302,055 900,972 216,435 124,423 852,257 122,022 5,518,164 - - 272,001 71,594 - - 343,595 (397,145) - 397,145 (10,640) - - (10,640) - - - (59,629) - - (59,629) 2,904,910 900,972 885,581 125,748 852,257 122,022 5,791,490 985,719 291,976 122,875 69,407 355,873 56,728 1,882,578 43,098 13,019 25,821 21,634 17,045 2,440 123,057 (37,048) - 37,048 - - - - - - - (59,629) - - (59,629) 991,769 304,995 185,744 31,412 372,918 59,168 1,946,006 2,316,336 608,996 93,560 55,016 496,384 65,294 3,635,586 1,913,141 595,977 699,837 94,336 479,339 62,854 3,845,484 Freehold property Long leasehold property Property improvement Computers, furniture and fittings Library Archives Total £ £ £ £ £ £ £ 3,302,055 900,972 388,610 114,080 852,257 130,400 5,688,374 - - 55,825 27,534 - - 83,359 - - (228,000) (17,191) - (8,378) (253,569) 3,302,055 900,972 216,435 124,423 852,257 122,022 5,518,164 942,621 278,957 94,338 61,151 338,828 54,120 1,770,015 43,098 13,019 28,537 18,947 17,045 2,608 123,254 - - - (10,691) - - (10,691) 985,719 291,976 122,875 69,407 355,873 56,728 1,882,578 2,359,434 622,015 294,272 52,929 513,429 76,280 3,918,359 2,316,336 608,996 93,560 55,016 496,384 65,294 3,635,586

£242,878 of fixed assets were written off in 2021 in relation to the flooding of Byron House in July 2021. Insurance proceeds receivable in May 2022 in respect of the flood have been included in other income in 2021.

Annual Report 2022

6a Intangible Fixed Assets 2022 Cost or valuation At 1 January 2022 Additions during the year Transfer during the year Written off during the year As at 31 December 2022 Less: Depreciation At 1 January 2022 Charge for the year Written off during the year As at 31 December 2022 Net book value As at 1 January 2022 As at 31 December 2022 6a Intangible Fixed Assets 2021 Cost or valuation At 1 January 2021 Additions during the year Written off during the year As at 31 December 2021 Less: Depreciation At 1 January 2021 Charge for the year Written off during the year As at 31 December 2021 Net book value At 1 January 2021 As at 31 December 2021

IOPA Brand Computer software Total £ £ £ - - - 3,160 34,948 38,108 10,640 - 10,640 - - - 13,800 34,948 48,748 - - - - - - - - - - - - - - - 13,800 34,948 48,748 Freehold property Long leasehold property Total £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Annual Report 2022

7 Investments

Listed Market value as at 1 January Additions Disposal proceeds Net gain/(loss) on listed investments - unrealised - realised Market value as at 31 December Land Freehold land value as at 1 January Revaluation Freehold land value as at 31 December Total Investments Listed investments are held as follows: Equities Liquid assets Fixed interest bonds	2022 5,146,804 - - (684,502) - 4,462,302 375,000 - 375,000 4,837,302 2022 £ 4,427,300 2,853 32,149 4,462,302	2021 £ 4,781,536 2,072 - 363,196 - 5,146,804 375,000 - 375,000 5,521,804 2021 £ 5,102,801 608 43,395 5,146,804

The investments are held in the Sarasin Climate Active Endowments Fund. The total book cost of listed equities is £3,968,532 (2021: £3,968,532).

The freehold land represents the bequest of land at Duddenhoe Farm, Saffron Walden, Essex, in which the tenant has a life interest. Included within property rental income is an amount of £4,477 (2020: £4,477) in respect of the above land. This land was revalued on 25 July 2019 in respect of the year ended 31 December 2018 by Savills Chartered Surveyors at an open market value of £375,000.

The Trustees, by reference to publicly available land valuation reports, do not consider the value of the freehold land has changed significantly.

Annual Report 2022

8 Investment in Joint Venture

Psychoanalytic Electronic Publishing Inc. (PEP) is incorporated in the United States of America and registered as being �not for profit�. The company provides a fully searchable digitised archive of psychoanalytic papers, books and journals which are available through subscription. The Society and The American Psychoanalytic Association each appoint 50% of the members. The Board have classified PEP as a Joint Venture for the purposes of accounting under FRS 102, however as consolidated financial statements are not required the Society�s interest is held at cost.

----- Start of picture text -----
2022 2021
£ £
- -
Interest in Psychoanalytical Electronic Publishing Inc.
Financial highlights from the PEP audited accounts for the year ended 31 December 2021 are as follows:
Psychoanalytic Electronic Publishing Inc. 2022 2021
£ £
Total income 1,483,687 1,667,037
Total charitable expenditure (1,768,984) (1,705,550)
Net income/(expenditure) (285,297) (38,513)
Fixed assets 4,237 3,747
Investments 1,024,565 1,066,299
Current assets 603,745 803,381
Liabilities due within one year (1,111,452) (1,161,212)
Net assets 521,095 712,215
The following income was received from PEP: 2022 2021
£ £
Royalty 146,136 135,527
Donation 381,940 323,483
Total income received from PEP 528,076 459,010
----- End of picture text -----

2022 Figures are based on PEP Draft Financial statement for the year ended 31st December 2022.

Annual Report 2022

9 Debtors

Amounts falling due within one year Trade debtors Other debtors Prepayments and accrued income Student loans (see below) Amounts falling due in greater than one year Student loans (see below)	2022 £ 209,317 31,164 559,978 32,316 22,813 855,588	2021 £ 47,595 401,632 495,641 37,674 26,138 1,008,680

Amounts falling due in greater than one year

Concessionary training loans of up to £10,500 are made to students of the Institute of Psychoanalysis in need of financial assistance during their training period, awarded up to a value of £3,500 per academic year. The loan scheme is supported by the Mrs A S Strachey Bequest (see note 12 Restricted Funds). The loan is interest free and is repayable within five or seven years post qualification dependent on the loan value made. These loans are recognised at the amount initially advanced to students, less payments recieved.

Value of Loans in issue due in less than one year Value of Loans in issue due in more than one year Total value of loans in issue Total number of loans in issue	2022 £ 32,316 22,813 55,130 23	2021 £ 37,674 26,138 63,812 19

Annual Report 2022

10 Creditors

Amounts falling due within one year Trade creditors Accruals Deferred income Other taxation and social security Other creditors	2022 168,591 183,715 158,152 71 32,066 542,595	2021 £ 79,360 140,544 86,764 27,431 7,649 341,748

Deferred Income

Deferred income relates to subscriptions to The International Journal of Psychoanalysis paid in advance for titles related to the following year, payments for education courses for a full academic year, where terms fall into the following financial year, and ticket sales for events which will be held in the following year.

2022 £ Balance 1 January Amounts added in current period - subscription income for Journal titles related to the following year 158,152 - ticket sales for events to be held the following year - - education courses paid in for for the coming academic year - - prepaid rental income (room hire) Amounts released to income from previous periods Balance at 31 December	2022 2021 £ £ 86,764 86,564 - 200 (86,764) 158,152	2021 £ 136,502 (136,502) 86,764

11 Designated Funds

Benevolent Fund Byron House Reinstatement Fund Total designated funds Movement in designated funds: Benevolent Fund Byron House Reinstatement Fund	At 1st January 2022 £ 39,661 242,878 282,539	Income £ 0 - -	2022 £ 32,523 - 32,523 Expenditure £ (7,138) (242,878) (250,016)	2021 £ 39,661 242,878 282,539 At 31st December 2022 £ 32,523 - 32,523

The Byron House Reinstatement Fund was established to fund the reinstatement of Byron House after the basement flooded in July 2021. The fund is made up of accrued insurance proceeds recognised in other income in the current year, but settled by the insurance company in May 2022.

The Benevolent fund was set up in 1975 to provide financial assistance to members of the Society in financial distress.

Investments Cash at bank Benevolent Fund	2022 26,033 6,490 32,523	2021 £ 33,082 6,579 39,661

Annual Report 2022

12 Restricted Funds

2022 Armstrong Clay Fund Erich Simenauer Foundation Henri Rey Fellowship Fund Herbert Rosenfeld Fund Insight Trust Fund Mrs A S Strachey Bequest Pearl King Archives Trust Sylvia Payne Psychoanalytical Training Fund W.H & S.M Gillespie Fund William Inman Fund Winnicott Clinic Fund for Child and Adolescent Athol Hughes Fund European Psychoanalytic support fund Fund to support members displaced by war Total Restricted Funds 2021 Armstrong Clay Fund Erich Simenauer Foundation Henri Rey Fellowship Fund Herbert Rosenfeld Fund Insight Trust Fund Mrs A S Strachey Bequest Pearl King Archives Trust Sylvia Payne Psychoanalytical Training Fund W.H & S.M Gillespie Fund William Inman Fund Winnicott Clinic Fund for Child and Adolescent Athol Hughes Fund Total Restricted Funds	Balance 1 Jan 2022 £ 548,521 1,000,825 11,095 741 975,409 337,584 38,369 247,832 94,614 1,979,663 49,616 311,646 - - 5,595,915 Balance 1 Jan 2021 £ 510,371 909,491 12,131 755 905,550 296,987 36,419 237,126 88,661 1,798,591 46,333 - 4,842,415	Income £ 29 27,600 2 4 51 8 2 13 5 54,714 2 9,124 15,093 4,344 110,991 Income £ 3,594 30,186 74 - 6,581 1,086 186 1,669 562 61,814 311 311,646 417,709	Charitable expenditure £ (11) (11) (2,096) (14) (11) 2,256 (11) (16,561) (11) (11) (11) (11) (15,093) (1,635) (33,231) Charitable expenditure £ (14) (14) (1,110) (14) (14) 29,067 (14) (7,014) (14) (14) (14) - 20,831	Investment management cost £ (3,171) (5,611) - - (5,806) (958) (163) (1,472) (496) (11,122) (274) (1,855) - - (30,928) Investment management cost £ (3,567) (6,311) - - (6,531) (1,078) (183) (1,656) (558) (12,513) (308) - (32,705)	Investment Gains/ (Losses) £ (70,293) (124,364) (2,198) - (128,696) (21,237) (3,614) (32,637) (10,991) (246,541) (6,072) - - - (646,643) Investment Gains/ (Losses) £ 38,137 67,473 - - 69,823 11,522 1,961 17,707 5,963 131,785 3,294 - 347,665	Balance 31 Dec 2022 £ 475,075 898,439 6,803 731 840,947 317,653 34,583 197,175 83,121 1,776,703 43,261 318,904 - 2,709 4,996,104 Balance 31 Dec 2021 £ 548,521 1,000,825 11,095 741 975,409 337,584 38,369 247,832 94,614 1,979,663 49,616 311,646 5,595,915

Annual Report 2022

12 Restricted Funds (continued)

The Board administers various restricted funds in addition to the general fund. Decisions on the disbursement of these funds are taken by the Trustees of the Society (with the exception of the Eric Simenauer Foundation for whom the President, the Honorary Secretary and a third member elected by the Society�s members act as Trustees). The funds are:

The Armstrong Clay Fund set up to provide reduced fee treatment for those otherwise unable to afford psychoanalysis.

The Erich Simenauer Foundation is a fund set up in 1981 for the promotion of psychoanalytical research and education.

The Henri Rey Fellowship Fund provides financial assistance to trainee psychiatrists who wish to train as a psychoanalyst with the Society.

The Herbert Rosenfeld Fund was established to support the Herbert Rosenfeld Clinical Essay Prize.

The Insight Trust Fund is a fund set up in 1968 for the assistance of persons in pecuniary need to obtain psycho-analytical treatment or other treatment based on psycho-analytical principles. In December 2005 the Charity Commissioners directed that this trust should be treated as forming part of the Institute of Psychoanalysis for the purposes of Part II (registration) and Part VI (accounting) of the Charities Act 1993.

The Mrs AS Strachey Bequest was set up to make loans and grants to registered students of the Society.

The Pearl King Archives Trust was established for the retention and availability of historic psychoanalytic records.

The Sylvia Payne Psychoanalytical Training Fund was set up to promote education training and research for registered students of the Society.

The W.H. and S.M. Gillespie Fund is to be used specifically towards raising the profile of psychoanalysis in society with the objective of attracting new members. The fund should be used to include arranging public lectures in London by distinguished people, from other disciplines (e.g. from the world of science and literature).

The William Inman Fund was originally bequeathed to the Society, however, on 20 January 2003, the Society donated the entire fund to the Institute of Psychoanalysis to be held as a restricted fund under the same trusts and in furtherance of the objects of the Will. This fund was established to promote research in the field of psychosomatic ophthalmology and the furtherance of psychoanalysis.

The Winnicott Clinic Fund for Child and Adolescent Analysis was set up in 2009 for the sole purpose of funding child and adolescent psychoanalytic treatment within the Child and Adolescent Training of the Institute of Psychoanalysis and to develop child and adolescent psychoanalysis.

The Athol Hughes Fund for Child and Adolescent Psychoanalysis was set up in 2021 and is to be used for the subsidy of child and adolescent psychoanalytic treatment with the Institute of Psychoanalysis for persons deemed otherwise unable to afford treatment and generally for the promotion and development of child and adolescent psychoanalysis.

Annual Report 2022

12 Restricted Funds (continued)

The Board administers various restricted funds in addition to the general fund. Decisions on the disbursement of these funds are taken by the Trustees of the Society (with the exception of the Eric Simenauer Foundation for whom the President, the Honorary Secretary and a third member elected by the Society�s members act as Trustees). The funds are:

The Armstrong Clay Fund set up to provide reduced fee treatment for those otherwise unable to afford psychoanalysis.

The Erich Simenauer Foundation is a fund set up in 1981 for the promotion of psychoanalytical research and education.

The Henri Rey Fellowship Fund provides financial assistance to trainee psychiatrists who wish to train as a psychoanalyst with the Society.

The Herbert Rosenfeld Fund was established to support the Herbert Rosenfeld Clinical Essay Prize.

The Insight Trust Fund is a fund set up in 1968 for the assistance of persons in pecuniary need to obtain psycho-analytical treatment or other treatment based on psycho-analytical principles. In December 2005 the Charity Commissioners directed that this trust should be treated as forming part of the Institute of Psychoanalysis for the purposes of Part II (registration) and Part VI (accounting) of the Charities Act 1993.

The Mrs AS Strachey Bequest was set up to make loans and grants to registered students of the Society.

The Pearl King Archives Trust was established for the retention and availability of historic psychoanalytic records.

The Sylvia Payne Psychoanalytical Training Fund was set up to promote education training and research for registered students of the Society.

The W.H. and S.M. Gillespie Fund is to be used specifically towards raising the profile of psychoanalysis in society with the objective of attracting new members. The fund should be used to include arranging public lectures in London by distinguished people, from other disciplines (e.g. from the world of science and literature).

The William Inman Fund was originally bequeathed to the Society, however, on 20 January 2003, the Society donated the entire fund to the Institute of Psychoanalysis to be held as a restricted fund under the same trusts and in furtherance of the objects of the Will. This fund was established to promote research in the field of psychosomatic ophthalmology and the furtherance of psychoanalysis.

The Winnicott Clinic Fund for Child and Adolescent Analysis was set up in 2009 for the sole purpose of funding child and adolescent psychoanalytic treatment within the Child and Adolescent Training of the Institute of Psychoanalysis and to develop child and adolescent psychoanalysis.

The Athol Hughes Fund for Child and Adolescent Psychoanalysis was set up in 2021 and is to be used for the subsidy of child and adolescent psychoanalytic treatment with the Institute of Psychoanalysis for persons deemed otherwise unable to afford treatment and generally for the promotion and development of child and adolescent psychoanalysis.

Annual Report 2022

13 Change in cash and cash equivalents

Cash and cash equivalents at 1 January Change in cash and cash equivalents Cash and cash equivalents at 31 December	Total 2022 £ 499,114 131,470 630,584	Total 2021 £ 156,878 342,236 499,114

14 Reconciliation of net movement in funds to net cash flow from operating activities

Net movement in funds Losses/(gains) on investments Depreciation Loss on disposal of fixed assets decrease/(increase) in debtors Increase in creditors ` Interest and dividends Net cash generated/(used) in operating activities Analysis of Cash and Cash Equivalents Cash at bank and in hand Overdraft facility Cash and cash equivalents	Total 2022 £ (648,325) 684,502 123,057 - 153,092 200,847 (158,657) 354,516 Total 2022 £ 630,584 - 630,584	Total 2021 £ 784,667 (363,196) 123,254 242,878 (391,115) 31,179 (163,757) 263,910 Total 2021 £ 499,114 - 499,114

• 15 Analysis of Cash and Cash Equivalents

Annual Report 2022

16 Analysis of the distribution of net assets

2022 Tangible Fixed Assets Unrestricted Funds: £ General Fund 3,894,232 Byron House Reinstatement Fund - Revaluation reserve - Benevolent Fund - 3,894,232 Restricted Funds: Armstrong Clay Fund - Erich Simenauer Foundation - Henri Rey Fellowship Fund - Herbert Rosenfeld Fund - Insight Trust Fund - Mrs A S Strachey Bequest - Pearl King Archives Trust - Sylvia Payne Psychoanalytical Training Fund - W.H & S.M Gillespie Fund - William Inman Fund - Winnicott Clinic Fund for Child and Adolescent - Athol Hughes Fund - Fund to support members displaced by war - - 3,894,232 2021 Tangible Fixed Assets Unrestricted Funds: £ General Fund 3,635,586 Byron House Reinstatement Fund Revaluation reserve - Benevolent Fund - 3,635,586 Restricted Funds: Armstrong Clay Fund - Erich Simenauer Foundation - Henri Rey Fellowship Fund - Herbert Rosenfeld Fund - Insight Trust Fund - Mrs A S Strachey Bequest - Pearl King Archives Trust - Sylvia Payne Psychoanalytical Training Fund - W.H & S.M Gillespie Fund - William Inman Fund - Winnicott Clinic Fund for Child and Adolescent Analysi - Athol Hughes Fund - - 3,635,586	Investments £ 378,080 - 180,000 32,523 590,603 462,540 818,340 6,116 - 846,845 139,745 23,780 214,760 72,322 1,622,295 39,956 - 4,246,699 4,837,302 Investments £ 406,802 - 180,000 39,661 626,463 532,833 942,704 10,313 - 975,541 160,978 27,392 247,397 83,314 1,868,841 46,028 - 4,895,341 5,521,804	Net Current Assets £ 194,172 - - - 194,172 12,535 80,099 687 731 (5,898) 177,908 10,803 (17,585) 10,799 154,408 3,305 318,904 2,709 749,405 943,577 Net Current Assets £ 222,594 242,878 - - 465,472 15,688 58,121 782 741 (132) 176,606 10,977 435 11,300 110,822 3,588 311,646 700,574 1,166,046	Total 2022 £ 4,466,484 - 180,000 32,523 4,679,007 475,075 898,439 6,803 731 840,947 317,653 34,583 197,175 83,121 1,776,703 43,261 318,904 2,709 4,996,104 9,675,111 Total 2021 £ 4,264,982 242,878 180,000 39,661 4,727,521 548,521 1,000,825 11,095 741 975,409 337,584 38,369 247,832 94,614 1,979,663 49,616 311,646 5,595,915 10,323,436

Annual Report 2022

17 Charitable status and taxation

The society is a Charity within the meaning of Para 1 Schedule 6 Finance Act 2010. Accordingly the Society is potentially exempt from taxation in respect of income or capital gains within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. No tax charge arose in the current year (2020 £nil).

18 Financial Commitments

At 31 December 2021, the Society had total commitments under non-cancellable operating leases expiring as follows:

Within one year One to five years After five years Total	2022 £ 14,797 27,295 - 42,092	2021 £ 17,402 26,104 - 43,506

19 Trustee remuneration and benefits

No members of the Board received any remuneration for their role as trustee (2021: £Nil).

Members of the Board are reimbursed for out-of-pocket expenses whilst engaged on the activities of the Society. During the year members were reimbursed an aggregate amount of £10,745 (2021: £4,311).

Two Trustees (2021: Four) received remuneration for royalties on work published by the Society, or for clinical or educational services provided to the Society, in a role other than Trustee, on an 'arms length' basis during the year as follows:

Trustee: A Amos £2,042 A Gedulter-Trieman £900

There are no other related party transactions in the current or prior year

There are no other related party transactions.

20 Financial instruments

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company�s cash management are only included as a component of cash and cash equivalents for inclusion in the cash flow statement.

Trade and other debtors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. With the exception of training loans detailed below, all debtors and creditors are payable within normal business terms and none are due beyond 12 months of the invoice date.

Student loans

Concessionary training loans of up to £10,500 are made to students of the Institute of Psychoanalysis in need of financial assistance during their training period, awarded up to a value of £3,500 per academic year. Each loan application is assessed by a Committe made up of the Honorary Treasurer, the CEO and the Head of Finance. The loan is interest free and is repayable within five or seven years post qualification dependent on the value of the loan made. These loans are recognised at the amount initially advanced to each student, less repayments made up to the balance sheet date. The Society requires students with loans to contribute to an annual life insurance policy for the duration of the loan, and premiums are added to the loan each year whilst there is a balance outstanding.

Investment in shares

Investment in shares are all listed investments which are recognised initially at transaction price and thereafter are valued at the quoted bid price at the reporting date.

Annual Report 2022

21 Net Debt Reconciliation

2022 Cash at bank and in hand Bank overdraft Net debt 2021 Cash at bank and in hand Bank overdraft Net debt	At 1st January 2022 £ 499,114 - 499,114 At 1st January 2021 £ 282,091 (125,213) 156,878	Cashflows £ 131,470 - 131,470 Cashflows £ 217,023 125,213 342,236	Other Non-cash Changes £ - - - Other Non-cash Changes £ - - -	At 31st December 2022 £ 630,584 - 630,584 At 31st December 2021 £ 499,114 - 499,114

Annual Report 2022

22 Comparative Statement of Financial Activities

Unrestricted 2021 Note Funds Income from: £ Donations and legacies 323,483 Charitable activities 1,398,120 Investments 57,694 Other 286,163 Total income 2,065,460 Expenditure on: Raising funds - Charitable expenditure 1,806,946 Fixed asset impairment 242,878 Total expenditure 2,049,824 Net income/(loss) before investment gains/(losses) 15,636 Net gains/(losses) on investments Net gain/(loss) on listed investments 15,531 Net gain/(loss) on investment land - Total gains/(losses) on investments 15,531 Net movement in funds 31,167 Fund balances brought forward at 1 January 2021 4,696,354 Fund balances carried forward at 31 December 2021 4,727,521	Restricted Funds £ 311,646 - 106,063 - 417,709 32,705 (20,831) - 11,874 405,835 347,665 - 347,665 753,500 4,842,415 5,595,915	Total 2021 £ 635,129 1,398,120 163,757 286,163 2,483,169 32,705 1,786,115 242,878 2,061,698 421,471 363,196 - 363,196 784,667 9,326,399 10,323,436 9,538,769