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2024-12-31-accounts

QUALIFICATION COMPLETERS ENROLMENTS
Qualification in Educational Psychology (Scotland) (Stage 2) 45 20
Qualification in Occupational Psychology (Stage 2) 11 50
Qualification in Counselling Psychology 3 0
Qualification in Forensic Psychology (Stage 2) 45 39
Qualification in Sport and Exercise Psychology (Stage 2) 6 16
Qualification in Health Psychology (Stage 2) 17 17
Qualification in Clinical Neuropsychology 2 1

Forvis Mazars LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under Section 1212 of the Companies Act 2006.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at

www.frc.org.u k/auditorsresponsibilities. This description forms part of our auditor's report.

USE OF THE AUDIT REPORT

This report is made solely to the charity's trustees as a body in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body for our audit work, for this report, or for the opinions we have formed.

Forvis Mazars LLP, Statutory Auditor Chartered Accountants and Statutory Auditor Two Chamberlain Square, Birmingham, B3 3AX

Date 11 - 08 - 2025

BPS ANNUAL REPORT 2024 • GROUP FINANCIAL STATEMENTS 2024 •

Doc ID: 00b2a01fb6c68705bac4ecdd343d0060d6f176fb

2024 2024 2024 2024 2023
Unrestricted Designated Restricted Total Total
Funds Funds Funds
Income: Note £'000 £'000 £'000 £'000 £'000
Income from charitable activities:
Subscriptions 7,613 7,613 6,603
Registers and directories 524 524 560
Conferences and events 683 683 922
Journals and book publishing 4 1,694 1,694 2,200
Other income 5 2,340 2,340 2,215
Income from Trading operations 7 492 492 524
Investment income 6 44 44 13
Total Income 13,390 13,390 13,037
Expenditure:
Expenditure on raising funds:
Trading costs 7 324 324 461
Expenditure on charitable activities before 12,295 12,295 13,867
fundamental restructuring costs
Fundamental restructuring costs 431
Expenditure on charitable activities 12,295 12,295 14,298
Other expenditure: Change programme & Black 45 45 56
and Asian Fund
Total expenditure 12,664 12,664 14,815
(Loss)/gains on investments 13 659 659 1,363
Net gain before fundamental restructuring costs 1,385 1,385 16
Fundamental restructuring costs (431)
Net (loss)/gain 1,385 1,385 (415)
Transfer between funds 17 42 (40) (2)
Net movement in funds 1,427 (40) (2) 1,385 (415)
Reconciliation of funds
Total funds brought forward 15,534 175 58 15,767 16,182
Total funds carried forward 16,961 135 56 17,152 15,767
2024 2024 2024 2024 2023
Unrestricted Designated Restricted Total Total
Funds Funds Funds
Income: Note £'000 £'000 £'000 £'000 £'000
Income from charitable activities:
Subscriptions 7,613 7,613 6,603
Registers and directories 524 524 560
Conferences and events 683 683 922
Journals and book publishing 4 1,694 1,694 2,200
Other income 5 2,340 2,340 2,215
Income from Trading operations 7 300 300 28
Investment income 6 44 44 13
Total Income 13,198 13,198 12,541
Expenditure:
Expenditure on charitable activities before 12,295 12,295 13,867
fundamental restructuring costs
Fundamental restructuring costs 431
Expenditure on charitable activities 12,295 12,295 14,298
Other expenditure: Change programme 45 45 56
& Black and Asian Fund
Total expenditure 12,340 12,340 14,354
(Loss)/gains on investments 13 659 659 1,363
Net gain before fundamental restructuring 1,517 1,517 (19)
costs
Fundamental restructuring costs (431)
Net (loss) 1,517 1,517 (450)
Transfer between funds 17 42 (40) (2)
Net movement in funds 1,559 (40) (2) 1,517 (450)
Reconciliation of funds
Total funds brought forward 15,402 175 58 15,635 16,085
Total funds carried forward 16,961 135 56 17,152 15,635
2024 2023
Note £'000 £'000
Fixed assets
Tangible assets 12 6,902 7,080
Investments 13 12,241 11,582
Total fixed assets 19,143 18,662
Current assets
Debtors 14 1,604 1,212
Cash at bank and in hand 1,049 828
2,653 2,040
Liabilities
Creditors: amounts falling due within 15 (4,269) (4,504)
one year
Net current liabilities (1,616) (2,464)
Provisions 16 (375) (431)
Net assets 17,152 15,767
The funds of the group:
Restricted income funds 17 56 58
Unrestricted funds: 17
General funds 12,962 11,520
Designated funds 135 175
Revaluation reserve 3,999 4,014
Total unrestricted funds 17 17,096 15,709
Total funds 17,152 15,767
2024 2023
Note £'000 £'000
Fixed assets
Tangible assets 12 6,902 7,080
Investments 13 12,241 11,582
Total fixed assets 19,143 18,662
Current assets
Debtors 14 1,755 1,268
Cash at bank and in hand 863 553
2,618 1,821
Liabilities
Creditors: amounts falling due 15 (4,234) (4,417)
within one year
Net current liabilities (1,616) (2,596)
Provisions 16 (375) (431)
Net assets 17,152 15,635
The funds of the society:
Restricted income funds 17 56 58
Unrestricted funds: 17
General funds 12,962 11,388
Designated funds 135 175
Revaluation reserve 3,999 4,014
Total unrestricted funds 17 17,096 15,577
Total funds 17,152 15,635

Group Group Society Society
2024 2023 2024 2023
Note £'000 £'000 £'000 £'000
Net Cash provided by 22 213 (557) 302 (660)
operating activities
Cash flow from investing
activities:
Dividend and interest from 44 13 44 13
investments
Purchase of tangible fixed assets (36) (15) (36) (15)
Disposal of tangible fixed assets
Proceeds from sales of
investments
Net Cash Provided by investing 8 (2) 8 (2)
activities
Net cash from/(used) in
Financial activities
Repayments of borrowing
Net cash provided by (used in)
financing activities
Change in cash and cash 221 (559) 310 (662)
equivalents in the year
Cash and cash equivalents at 828 1,387 553 1,215
the beginning of the year
Cash and cash equivalents at 1,049 828 863 553
the end of the year

2024 2023
£'000 £'000
Income from journal subscriptions and sales 1,680 2,181
Income from book and publications sales 14 19
1,694 2,200
5. OTHER INCOME
2024 2023
£'000 £'000
Advertising revenue 193 201
Examination income 786 824
Quality assurance 1,018 843
Rental income 32 29
Professional Development Centre 306 311
Sundry income 5 7
2,340 2,215

2024 2023
£'000 £'000
Income from listed investments 44 13
44 13

2024 2023
£'000 £'000
Turnover 289 402
Cost of sales (98) (168)
Gross profit 191 234
Distribution costs (106) (85)
Administrative costs (46) (83)
Profit/(Loss) before taxation 39 66
Taxation
Profit/(Loss) for year 39 66
The assets and liabilities of the subsidiary are:
2024 2023
£'000 £'000
Current assets:
Debtors 81 97
Cash at bank 42 151
123 248
Creditors: amount falling within one year (123) (248)

2024 2023
£'000 £'000
Turnover 203 191
Cost of sales (65) (58)
Gross profit 138 133
Administrative costs (38) (67)
Profit/(Loss) before taxation 100 66
Taxation
Profit/(Loss)for year 100 66
The assets and liabilities of the subsidiary are:
2024 2023
£'000 £'000
Current assets:
Debtors 2
Cash at bank 144 124
146 124
Creditors: amount falling within one year (146) (124)

Property IT HR & Directorate
costs costs Finance costs 2024 2023
£'000 £'000 £'000 £'000 £'000 £'000
Charitable expenditure:
Advancement of psychology 53 118 106 14 291 344
Application of psychology 4 8 7 1 20 23
Conferences and events 9 19 17 2 47 56
Co-operation 11 25 23 3 62 74
Diffusion of knowledge 86 193 173 22 474 561
Examinations and training 43 97 87 11 238 281
Membership 100 224 201 26 551 653
Science and policy 39 88 79 10 216 257
Total expenditure 345 772 693 89 1,899 2,249

2024 2023 2024 2023
Full time Full time Part time Part time
Leicester office 95 106 13 17
London office 16 15 2 2
Regional centres
Remote 2 1 5 5
113 122 20 24
2024 2023
Total Total
£’000 £’000
Gross wages and salaries 5,785 6,455
Employer's National Insurance 628 678
Defined contribution pension costs 533 577
Redundancy costs 181 431
Payment in Lieu of notice 99 52
7,226 8,193

2024 2023
£’000 £’000
Payment in Lieu of notice 99 52
Settlement agreement
Redundancy 181 431
Total 280 483
2024 2023
Number Number
£60,000–£69,999 5 7
£70,000–£79,999 2 2
£80,000–£89,999 1 2
£90,000–£99,999
£100,000–£109,999 1 1
£110,000–£119,999 1 1
£120,000–£129,999
£130,000–£139,999 1
£140,000–£149,999 1 1
£150,000–£159,999 1

2024 2023
£ £
Former President (Dr N. Hayes) £12,309 £11,000

Freehold Computer Office Total
land & & Print equipment
Group and Society buildings
£'000 £'000 £'000 £'000
Cost
At 1 January 2024 9,260 240 428 9,928
Additions 36 36
Disposals
At 31 December 2024 9,260 276 428 9,964
Depreciation
At 1 January 2024 2,314 222 312 2,848
Charge for the year 151 20 44 214
Disposals
At 31 December 2024 2,465 242 356 3,062
Net book value
At 31 December 2024 6,795 34 72 6,902
At 31 December 2023 6,946 18 116 7,080

Group and Society 2024 2023
£'000 £'000
Market value at 1 January 2024 11,582 10,219
Additions
Disposal proceeds
Net investment (loss)/gain unrealised 659 1,363
Net investment (loss)/gain realised
Market value at 31 December 2024 12,241 11,582
Cash awaiting investment
Total at 31 December 2024 12,241 11,582
• Overseas Equities 63.51%
• UK Equities 8.31%
• Infrastructure & Operating Assets 8.46%
• Cash & Near Cash 2.39%
• Fixed Interest 7.83%
• Property 3.80%
• Contractual, Private Equity & Other 5.69%
• Derivatives 0.01%

2024 2023 2024 2023
Group Group Society Society
£'000 £'000 £'000 £'000
Trade debtors 381 355 312 127
Prepayments and accrued income 1,201 795 1,201 795
Amounts due from subsidiary 221 284
companies
VAT recoverable 22 62 22 62
1,604 1,212 1,755 1,268

2024 2023 2024 2023
Group Group Society Society
£'000 £'000 £'000 £'000
Trade creditors 268 298 255 279
Subscriptions received in advance 1,627 1,564 1,627 1,564
Other deferred income 1,529 1,574 1,500 1,528
Other creditors 134 73 134 73
Accruals 535 748 529 723
Amounts due to subsidiary companies 13 3
Other taxation and social security 175 247 175 247
4,269 4,504 4,234 4,417
Group and Society Deferred Income Group Society
£'000 £'000
Balance as at 1 January 2024 3,138 3,091
Amounts released from previous year (2,085) (2,039)
Income deferred in the year 2,103 2,075
Balance as at 31 December 2024 3,156 3,127

At 1 Jan 2024 Additions Utilised Released At 31 Dec 2024
£’000 £’000
Redundancy 431 431
HMRC Voluntary 375 375
Disclosure
Total Provisions 431 375 431 375

Funds
brought
forward
at 1 Jan
2024
Income Expenditure Gains Losses Transfers Funds
carried
forward
at 31
Dec
2024
£'000 £'000 £'000 £'000 £'000 £'000
General 11,520 13,390 (12,664) 659 57 12,962
Designated fund 175 (40) 135
Revaluation reserve 4,014 (15) 3,999
Restricted fund 58 (2) 56
15,767 13,390 (12,664) 659 17,152
Funds
brought
forward
at 1 Jan
2024
Income Expenditure Gains Losses Transfers Funds
carried
forward
at 31
Dec
2024
£'000 £'000 £'000 £'000 £'000 £'000
General 11,388 13,198 (12,340) 659 57 12,962
Designated fund 175 (40) 135
Revaluation reserve 4,014 (15) 3,999
Restricted fund 58 (2) 56
15,635 13,198 (12,340) 659 17,152

Funds
brought
forward
at 1 Jan
2023
Income Expenditure Gains,
(losses)
Transfers Funds
carried
forward
at 31
Dec
2023
£'000 £'000 £'000 £'000 £'000 £'000
General 11,522 13,037 (14,815) 1,363 413 11,520
Designated fund 573 (398) 175
Revaluation reserve 4,029 (15) 4,014
Restricted fund 58 58
16,182 13,037 (14,815) 1,363 15,767
Society
Funds
brought
forward
at 1 Jan
2023
Income Expenditure Gains,
(losses)
Transfers Funds
carried
forward
at 31
Dec
2023
£'000 £'000 £'000 £'000 £'000 £'000
General 11,425 12,541 (14,354) 1,363 413 11,388
Designated fund 573 (398) 175
Revaluation reserve 4,029 (15) 4,014
Restricted fund 58 58
16,085 12,541 (14,354) 1,363 15,635

Funds
brought
forward
at 1 Jan
2024
Income Expenditure Gains and
losses
Funds
carried
forward
at 31
Dec
2024
£'000 £'000 £'000 £'000 £'000
William Inman 7 (2) 5
Visual archive 10 10
BJEP fund 41 41
58 (2) 56
Funds
brought
forward
at 1 Jan
2023
Income Expenditure Gains and
losses
Funds
carried
forward
at 31
Dec
2023
£'000 £'000 £'000 £'000 £'000
William Inman 7 7
Visual archive 10 10
BJEP fund 41 41
58 58

2024 2023 2024 2023
Group Group Society Society
£'000 £'000 £'000 £'000
Financial assets
Debt instruments measured at 403 345 554 435
amortised cost
Instruments measured at fair value 12,241 11,582 12,241 11,582
through profit or loss
Total net assets 12,644 11,927 12,795 12,017
Financial liabilities
Debt instruments measured at 577 618 577 603
amortised cost
Instruments measured at fair value
through profit and loss
577 618 577 603

Unrestricted Restricted Total
£'000 £'000 £'000
Tangible fixed assets 6,902 6,902
Investments 12,241 12.241
Current assets 2,597 56 2,653
Current liabilities (4,644) (4,644)
Total net assets 17,096 56 17,152

Unrestricted Restricted Total
£'000 £'000 £'000
Tangible fixed assets 6,902 6,902
Investments 12,241 12,241
Current assets 2,562 56 2,618
Current liabilities (4,609) (4,609)
Total net assets 17,096 56 17,152
Unrestricted Restricted Total
£'000 £'000 £'000
Tangible fixed assets 7,080 7,080
Investments 11,582 11,582
Current assets 1,982 58 2,040
Current liabilities (4,935) (4,935)
Total net assets 15,709 58 15,767
Unrestricted Restricted Total
£'000 £'000 £'000
Tangible fixed assets 7,080 7,080
Investments 11,582 11,582
Current assets 1,763 58 1,821
Current liabilities (4,848) (4,848)
Total net assets 15,577 58 15,635

Divisions Income Expenditure
Academics, Researchers and Teachers 28,588 21,059
Clinical 460,047 324,509
Coaching 74,538 55,128
Counselling 150,206 59,613
Educational and Child 111,842 103,085
Forensic 154,195 149,184
Health 104,638 99,066
Neuropsychology 66,169 25,696
Occupational 146,923 56,003
Sport and Exercise 69,040 72,742
Educational (Scottish) 16,757 13,346
Sections
Cognitive 24,303 23,019
Community 4,096 1,574
Consciousness and Experiential 5,561 6,377
Crisis, Disaster and Trauma 14,507 8,050
Cyberpsychology 16,434 4,176
Defence and Security 2,523 1,319
Developmental 36,120 22,956
Historical, Philosophical and Theoretical 2,643 1,364
Male 6,787 5,844

Sections (continued) Income Expenditure
Mathematical, Statistical and Computing 1,445 190
Political 1,297 618
Psychobiology 5,606 10,201
Education 37,031 36,995
Sexualities 4,872 953
Women and Equalities 21,313 20,010
Psychotherapy 17,702 10,256
Qualitative Methods 7,987 5,605
Social 26,322 19,874
Transpersonal 3,437 2,432
Special Groups
Independent Practitioners 14,667 3,760
Social Care 6,340 8,835
DCP Faculties
Addictions 14,071 13,186
Children, Young People and Families 27,818 8,572
Clinical Health Psychology 7,167 2,914
Eating Disorders 5,392 2,727
Forensic Clinical Psychology 8,345 3,484
HIV & Sexual Health 1,236 607
Holistic Psychology 2,213 2,003
Leadership and Management 15,053 10,367
Intellectual Disabilities 22,331 12,342
Oncology and Palliative Care 2,167 559

DCP Faculties (continued) Income Expenditure
Perinatal Psychology 4,773 9,868
Psychosis & Complex Mental Health 12,632 5,437
Psychology of Older People 25,895 15,694
Total 1,793,029 1,261,599
Members £’000
Clinical 29 121,694
Counselling 2 5,625
Educational and Child 4 13,750
Health 1 3,750
Forensic 2 11,250

Group Group Society Society
2024 2023 2024 2023
£'000 £'000 £'000 £'000
Net (outgoing)/incoming resources 1,385 (415) 1,517 (450)
Adjustments for:
Depreciation charges 214 225 214 225
Loss/(Gains) on investments (659) (1,363) (659) (1,363)
Investment income (44) (13) (44) (13)
(Increase)/Decrease in debtors (392) 379 (487) 480
(Decrease)/Increase in creditors and (291) 630 (239) 461
provisions
Net cash provided by (used in) 213 (557) 302 (660)
operating activities

2024 2023
£'000 £'000
Amounts due:
Within 1 year 2 2
Within 2–4 years 5 7

Principal place of business St Andrew’s House
48 Princess Road East
Leicester
LE1 7DR
Statutory auditor Forvis Mazars LLP
Two Chamberlain Square
Birmingham
B3 3AX
Principal banker The Royal Bank of Scotland plc
5 Market Street
Leicester
LE1 6DN
Legal advisors Bates Wells Braithwaite LLP
10 Queens Street Place
London
EC4R 1BE
Nelsons
37 New Walk
Leicester
LE1 6TU
Pension advisors Aegon
Platform Client Services
1-3 Lochside Crescent
Edinburgh Park
Edinburgh
EH12 9SE
Investment managers CCLA
Senator House
85 Queen Victoria Street
London
EC4V 4ET
Registered Charity 229642
Number
England and Wales
OSCR Charity Number SC039452
Scotland