Charity Registratlon No. 261387 THE BALINT SOCIETY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AZETS
THE BALINT SOCIETY CONTENTS Page Trustees. report Statement of trustees. responsibilities Independenl examinerfs report Statement of financial activities Balance sheet Notes to the finanal ststements 8-14
THE BALINT SOCIETY LEGAL AND ADMINISTRATIVE INFORMATION Trustee8 DrA Evans Dr A Patterson Dr V Luthra Dr R Soreanu Dr M King Dr C Brown (Appointed 1 December 2023) (Appointed 1 December 2023) (Appointed 1 Dec8mb8r 2023) Dr A Kyrris DrA Gledhill Charfty number 261387 Independent oxamlner Azets Audit Sep4ices First Floor Unit 55 Ffordd Wllliam Morgan St Asaph Business Park St Asaph United Kingdom LL17 OJG
THE BALINT SOCIETY TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Igoverning documentj, the Charities Ad 2011 and 'Accounting and Reporting by Chariiies= Statemenl of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Oblectives and activities The objectives and aims of the Society are to prornote and advance discussion groups using the Balint method, and research and studies on Ihe psychological aspects of health and social care, with special reference to the professionakpalienvclient relationship and to disseminate this knowledge beyond the Society for the improvement of the care of the public at large. To provide an opportunity for the study of similar problems as experienced by rnembers of branches of other helping professions and in this connection to support and Promote Balint Groups of the type already established in this ¢ountry and elsewhere; To promote the effective delivery of supervision. training, and education of the Balint model within the UK Balint society and to continue to foster links with the International Balint Federation To strengthen the crucial support infrastructure of the UK Balint society which will include developing and maintaining a) a robust IT plafform and b) the administrative function- To further our engagement with all our members of the Balint soriety and by doing so we aim to understand a) our current members. needs, b) the equality and diversity of the soGiety and c) develop further Balint society events within the UK., To ensure the foundations laid down by Michael Balint and the subsequent Balinl model are maintained along wilh taking the society into the future. Public Benefit The Balint Society benefits the public by working with health care professionals in the prolected time and space of Balint Groups, thus providing an opportunity for experiential learning and reflection on the dinician-patient relationship Achievements and perf0mnCe Membership". Between 151 December 2023 up to the Writing of this pOrt, there have been 64 new members to the Balint Society. This demonstrates the ongoing interest in Balint groups. and we hope this number continues to grow over the next year. We will continue to explore the equality and diversity of the society in 2025. We would appreciate members involvement with this ¢rucial work. We are in process of reviewing the Balint Society events in order to meet our members needs. We are pleased that the December 2024 Leeds study evenl was sold out by early November 2024.
THE BALINT SOCIETY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Website.. Although there may be ongoing work. we are delighted that the new website is up and running. This has been a huge project, and we are immensely grateful to Eamonn Marshall and Jon from Turtle Reality. We are grateful to Joanne Elches {Balint Society administrator. as mentioned abovè for all her ongoing work in supporting the society's daily functioning. We are in the process of reviewing the role of administrator to reflect the increase in intensity of the workload Trainin and eduction a- Training & Education (T&E) group chaired by Shake Siegel. This group continues to meet regularfy throughout the year and comprises all Council members and representatives from each of the other committees. Through Shake's leadership we have managed to have several discussions around accreditation and supervision. One otrtcome of this is to set up a supervision training event for 2025. b= Supervisor accreditalion criteria. The accreditation committee has devised long awaited criteria for Balint supervisors. We are very grateful for their thoughfful and rigorous input. The criteria have now been discussed in T&E and ratified by council and will hopefully offer a robust framework and assuran for supeNisors and supervisees alike. We would like to thank the previous Chair, Judy Malone. for all her hard work over the years. We are also pleased that Chris Douglas and Liz Lee have successfully taken over the role ofjoint-chair. Due to the ever-increasing numbers on the accreditation pathway, we have initiated a further two Balint society funded supervision groups led by 1) Linda Mary Edwards and Ann Evans and 2) Jane Mulholland and Dave Morgan, to support with this demand. We would like to thank all the leaders involved in this project. Feedback from the previous groups has been positive. There have been 14 new accredited leaders in 2024 compared to 18 new leaders in 2023. We will be monitoring the trajectory of our new leaders over the upcoming year to see whether the criteria continue to be achievable. d- International Balint Federation. We are pleased to announce our new IBF council link Chris Brown. We hope to continue fostering links with the IBF. We would also like to thank Esti Rimmer for all her continuing work in her role on the IBF taskforce. Members are warmly recommended to attend IBF events. Financial review Incom This is derived from membership subscriptions, events, occasional donations and some investment income. The total for 2024 amounted to £80,703 (restated 2023., £77,597). nditure Expenditure for the year ended 31 st March 2024 was monitored, controlled and increased as appropiate. Unreslricled incoming resources amounted to £80,703 (restated 2023,. £76,597) and total unrestricted resources expended amounted to £79,745 (2023.. £84,321) resulting in an unrestricted surplus for the year of £958 (defi¢it 2023., £6,724) after investment valuation movement. There were no restricted incoming resources this year, {2023: £1,000). with no restricted expenditure, resulting in restricted surplus for Ihe year of £Nil {2023'. £1,000). It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalenl to beeen three and six month's expenditure. The Trustees Consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charty's Current activities while consideration is given to ways in which additional funds may raised. This level of reserves has been maintained throughout the year.
THE BALINT SOCIETY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees have assessed the major risks to which the Charity is exposed. and are satisfied that systems are in place to mitigate exposure to the major risks. Plans for future perlods We hope Ihat the revised accreditation and supervision criteria, our renewed link with the IBF and the new website have contributed to maintaining the growth of the society for the future. Structure, governance and management The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated entity. The Trustees who Seed during the year and up to the date of signature of the financial statements were.. DrA Evans Mr E Marshall Dr J Malone Dr A Patterson Dr S Chudley Dr S Tankard Dr V Luthra Dr S Perera Dr R Soreanu Dr M King Dr C Brown Dr A Kyrris Dr A Gledhill (Resigned 1 December 2023) (Resigned 1 December 2023) (Resigned 6 Dember 2024) (Resigned 1 Dember 2023) (Resigned 1 December 2023) (Appointed 1 December 2023) {Appointed 1 December 2023) (Appointed 1 Dernber 2023) The trustees. report was approved by the Board of Trustees. Dr V Lulhra Trustee Date.. -Jiw.Aprd.20Z5.........................
THE BALINT SOCIETY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to oharities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the Charity for that year. In preparing these financial statements. the Trustees are required to.. select suitable accounting policies and then apply them consistentFy- observe the 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., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports> Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE BALINT SOCIETY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BALINT SOCIETY I report to the Trustees on my examination of the financial statements of The Balint Society (the charity) for the year ended 31 March 2024. Rosponsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with Ihe requirements of the Charities Act 2011 {the 2011 Act). I report in respect of my examination of the charity's financial statements caled out under section 145 of the 2011 Act. In carying out my examination I have followed als the applicable Directions given by the Charrty Commission under section 145{5)(b) of the 2011 Act. Independent examinerfs statement Your attention is drawn to the fact that the charty has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preference to the Accounting and Reporting by Charities.. Ststement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm Ihat no matters have come to my attention in connection with the examination giving me cause to believe Ihat in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records: or the financial statements do not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examinalion to which altention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Jonathan Ward FCA Azets Audit ser41s First Floor Unit 55 Ffordd William Morgan st Asaph Business Park St Asaph LL17 OJG United Kingdom
THE BALINT SOCIETY STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restrlcted funds funds 2024 2024 Total Unre$tri¢ted Restrlcted funds funds restated 2023 2023 Total 2024 2023 Income from: Donations and legacies Charitable activities Investment Income 1.000 1,000 75,119 1,478 80,063 640 80,063 640 75.119 1.478 Totsl income 80,703 80,703 76.597 1,000 77,597 Ex enditure on: Expenditure on charitable activities 85,142 85,142 78,201 78,201 Net gainslllosses) on investments 5,397 5,397 (6,120) (6.120) Net incomel{expenditure) for the yearl Net movement in funds 958 958 (7,724} 1,000 {6.724} Fund balanS at 1 April 2023 As originally reported Prior year adjustment As restated 157,999 (14,648) 143.351 1,000 144,351 (14,648) 129,703 159.317 (11,445) 147,872 147,872 (11,445) 136,427 1,000 Fund balances at 31 March 2024 129.661 1,000 130.661 128,703 1.000 129,703
THE BALINT SOCIETY BALANCE SHEET AS AT31 MARCH 2024 2024 2023 - r•stst•d Flxod assets Investments 11 102,gNM 96,867 Currnnt auets Debtors Cash at bank and In hand 12 785 51,037 316 47,858 51,822 48.174 Credltorn: amounts falllng duo wlthln on• y•ar 13 (24,085) {15,338) Net cuffent assets 27,757 32,836 Totsl assets current Ilabllltles 130,661 129,703 In¢om• fund$ Restrlcted funds Unrestrided funds 15 1,000 129,861 1,000 128,703 130,661 129,703 The fjnan¢ial stat•ments were approved by the Trustees on 17th April 2025 Dr A Evans Tru8t••
THE BALINT SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles 1.1 Accounting conventlon The financial statements have been prepared in accordance with the charity's Igoveming document], the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP 'Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefrt Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value. as modified by the revaluation of certain assets. 1.2 Prior period error The financial statements include adjustments relating to the prior year. The membership income covers a period of one year from the date of receipt, therefore an adjustment to defer the appropriate portions has been included for the prior Iwo years to ensure income is included in the correct financial years. 1.3 Going concern At the time of approving the financial statements. the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopi the going concern basis of acGounting in preparing the financial statements. 1.4 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.5 Income Income is recognised when the charity 15 legalFy entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Membership fees are recognised on Teceipt. There are three types- ordinary, student and honorary. 1.6 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendilure. it is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with Ihe use of resources. 1.7 Fixed asset investments Fixed asset investments are initially measured at cost and subsequently measured at cost less any accumulated impaimient losses. The investments are assessed for impairment al each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in net incomel(expenditure) for the year.
THE BALINT SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies (Continued) 1.8 Cash and cash equivalents Cash and cash equNalents indude cash in hand. deposits held at call with banks and other Short-term liquid investments with original maturities of three months or less. 1.9 Financial instruments The charity 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 ontractual 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 Ihe asset and settle the liability simultaneously. Basic financial assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangemenl constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounled at a market rate of interest. Financial assets dassified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the aangement Gonstitutes a financing transaction. where the debt instrument is measured al Ihe present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or serviS that have been acquired in the ordinary course of operations from suppliets. Amounts payable are classrfied as current liabilities if payment is due within one year or less. If not, they are presented as non4urrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. Inancial liabilities Derecognition of r Financial liabilities are derecognised when the ¢harity'S contractual obligations expire or are discharged or cancelled. 1.10 Taxatlon The charity is exempt from lax on its charitable activities.
THE BALINT SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimatos and judgements In the appli¢ation of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. There are no critical accounting estimates or judgements. Donations and legacies Total Restricted funds 2024 2023 Legacies receivablè 1,000 Charitable activities 2024 2023 Income from charitable activities 80.063 75.119 Investment Income Unrestricted Unrestri¢ted funds funds 2024 2023 Income from unlisted investments Interest receivable 73 1,405 434 640 1,478 10-
THE BALINT SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on charitable aGtivlties 2024 2023 Expenditure on charitable activities 80.740 77,020 Share of support costs (see note 7) Share of governance costs (see note 7) 1,486 2,916 445 736 85,142 78.201 Support costs Support Govemance costs costs 2024 Support Governance costs costs 2023 Insurance Bank charges and interest 415 415 415 415 1,071 1.071 30 30 Audit and Accountancy 2,916 2.916 736 736 1,486 2,916 4,402 445 736 1,181 Analysed between Charitsble activities 1,486 2.916 4,402 445 736 1,181 Govemance costs indudes payments to the a¢countanls of £1,716 {2023- £736) for 2024 accountancy and independent examination fees. Trustees Payments madè to trustees for reimbursments of expenses and for leading groups al study days and workshops, and for website expenses, amounted to £8,594 for the year ended 31 March 2024. (2023., £10,557). Leading groups at study days- £3,307 Website expenses - £4,320 Reimbursement of expenses - £967 11
THE BALINT SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net galnsl(lo*s•$) on Investments Unrestrf¢t•d Unr•strfcted funds funds 2024 2023 Gainl(loss> on sale of investments 5,397 (6,120) 10 Taxatlon The charity is exempt from tax on income and gains falling within seclion 505 of the Taxes Act 1988 or sectlon 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charltable objects. 12-
THE BALINT SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Fixed a$$et investments Listed Investments Cost or valuatlon Al 1 April 2023 Valuation changes Interest Dividends 96.867 5.397 434 At 5 April 2024 102.904 Carrylng amount Al 31 March 2024 102,904 At 31 March 2023 96,867 The above valuation is per the latest valuation reports as at 05 April 2024. 12 Debtors 2024 2023 Debtors Prepayments 701 220 96 785 316 13 Credltors: amounts falllng due wfthln ono y•4r 2024 2023 Not•$ Deferred income Other creditors Accruals and deferd income 14 15,199 7,150 1,716 14,848 690 24,065 15,338 14 Deforred Incom• 2024 2023 Other deferred income 15,199 14,648 13-
THE BALINT SOCIETY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Deferred income {Contlnued) Deferred income is included in the financial stalemenls as follows.. 2024 2023 Defeed income is included within.. Current liabilities 15,199 14.648 Movements in the year= Deferred income at 1 April 2023 Released from previous periods Resources deferred in the year 14.648 {14.648) 15.199 11,445 (11,445) 14,648 Deferred income at 31 March 2024 15,199 14,648 15 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes= Movement in funds Incoming Balance at resources 1 April 2023 Movement in funds Incoming Balance at r•sourcg5 31 March 2024 Don Bryant Legacy 1,000 1,000 1,000 Don Bryant Legacy: Fund to support students in furthering their understanding of Balint work 16 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unrestrictsd Restricted funds funds 2023 2023 Total 2024 2023 Fund balances at 31 Marth 2024 are represented by.. Investments Current assetsl(liabilities) 102,904 26,757 102.904 27.757 96,867 31,836 96,867 32.836 1,000 1,000 129,661 1,000 130,661 128,703 1,000 129,703 17 Related paty transactions There were no disclosable related paty transactions during the year {2023 - none). with the exception of those disclosed in Note 8. 14-