## **LADY BALOGH’S PSYCHOTHERAPY TRUST** ## **ANNUAL REPORT** ## 2022 - 2023 Lady Balogh’s Psychotherapy Trust, Registered Charity Number 267569. 1 Fairbridge Rd. London N19 3EW 1 ## **PHILOSOPHY AND AIMS** Lady Balogh's Psychotherapy Trust is dedicated to Education in Psychotherapy. The Trust was created and endowed in 1974 by Penelope Lady Balogh, who was among the founders of psychoanalytical psychotherapy training in Britain. The Trust stands for two main principles, which derive from the work and thinking of the founder, her partner Deryck Dyne, and their associates. These are: that psychotherapy, and in particular psychoanalytical psychotherapy, should be made more widely available in respect of both treatment and training; that the field theory(ies) of psychotherapy, and in particular psychoanalytical psychotherapy, should be developed along a philosophical continuum, unobstructed by factional divisions, and maintained by an eclectic and inclusive stance. The Trust seeks to widen the availability of psychotherapy treatment, training, and knowledge: through support for the provision of psychotherapy to include those who might otherwise not seek professional help, at fees they can afford; through support for training in psychotherapy based on the principles of eclecticism and the personal synthesis of orientations; through support for psychotherapeutically based ventures in the wider community; through the dissemination of information, and all other appropriate means. The Trust's principal asset is its headquarters, 1 Fairbridge Road, Archway, London. This property was purchased by the Trustees following the sale of the founder's original bequest in Primrose Hill. Over the years the Trustees have spent a considerable sum on repairing and improving the house. And this year the garage roof required attention and three velux windows on the top floor of the house were replaced. The house is used in part as clinical consulting rooms, occupied by therapists who pay room contributions to the Trust's Central Fund in return for use of the rooms; and in part by the Trust’s principal beneficiary, the Association for Group and Individual Psychotherapy (AGIP) for its administrative, training and membership functions. AGIP's use of the house is free of charge; in return, it carries out certain administrative functions on the Trustees' behalf. In furtherance of its aims, the Trust: supports the Association for Group and Individual Psychotherapy (a psychoanalytical psychotherapy training organisation, member of the UK Council for Psychotherapy), formerly a section of the Trust, with an annual donation that represents a major part of the income from the property; allows consulting room rates to be set below going rates, giving scope to therapists to accept low -paying clients; **2** has obtained funding for a low -fee psychotherapy scheme, the Fairbridge Clinic, which is operated by AGIP; considers applications for funding from bodies providing psychotherapeutic training and services in the community, in particular those who seek to provide psychotherapy in areas where little presently exists; aims through these and other means to produce a broadly based Trust, capable of supporting a variety of activities and orientations. Originally, the Trust was set up as a central Trusteeship with a number of component parts, or sections. All these sections have now become independent bodies. ## **The current Trustees are:** _Tessa Henghes (Chair)_ , Child Psychotherapist (retired); daughter of Penelope Lady Balogh. _Jeremy Chase (Treasurer),_ Psychiatrist (retired). _Dorothy Hamilton (Hon. Secretary)_ , Psychoanalytic Psychotherapist; Chair of AGIP and Honorary Fellow of the United Kingdom Council for Psychotherapy. _Tirril Harris_ , Psychotherapist (retired); Honorary Research Fellow, Institute of Psychiatry, King's College, University of London; daughter of Penelope Lady Balogh. _Desmond King,_ Chartered Clinical Psychologist, Member of the Institute of Group Analysis, in private practice. _Lawrence Suss,_ AGIP (retired) professional member. Former Chair of AGIP. Coordinator of AGIP Professional Ethics Committee. _Caroline Hallett,_ AGIP professional member. ## **THE BENEFICIARIES OF THE TRUST** During the year 2022 -2023 the trust supported the following beneficiaries: ## **The Association for Group and Individual Psychotherapy (AGIP)** AGIP was established in 1974 as part of the Trust. In October 1999, it became a Company Limited by Guarantee, and therefore an independent body. It is the Trust’s main beneficiary. AGIP exists to provide a training course in psychoanalytical psychotherapy, to provide psychotherapy at accessible fees, and to support its members in their professional lives. The Association has been active in the UK Council for Psychotherapy (UKCP) since its inception, with leading roles played by AGIP members. 3 The Alliance of Psychoanalytic Psychotherapy Trainings (apptraining) formed by AGIP in partnership with Arbours Association in 2015, and taking its first trainees in September 2016, dissolved in the summer of 2017. With the support of the Trust, AGIP continued with its courses which are proving popular. In the summer of 2018 the courses were reviewed by the UK Council for Psychotherapy and were re-validated as ‘more than’ meeting the necessary standards. AGIP accepts trainees from a variety of backgrounds, with no _a priori_ bar on grounds of gender, sexual orientation, race, creed, educational background or physical disability. The courses attract students who live out of London; those who may have the ability to train, but lack formal qualifications; and older students often debarred from training elsewhere. The training is eclectic, and is based on the principle of the personal synthesis of orientations. The courses are taught at weekends enabling people with full time occupations to attend. This year the Trust has also continued to offer each clinical student a book grant. AGIP is a membership organisation, with a democratically elected Council as managing body. There are currently 104 members including trainees. Professional Members, who have qualified as independent practitioners, are eligible to register with the UK Council for Psychotherapy. In offering psychotherapy treatment, AGIP receives referrals from a variety of sources, including GPs, hospitals, word of mouth, and through the Fairbridge Clinic (see below). AGIP publicises the benefits of psychotherapy through appropriate publications and events, including conferences and workshops for the public and other professionals, and through leaflets detailing AGIP's clinical facilities. In addition to its free use of the Trust headquarters, the Association receives a substantial annual donation from the Trust. ## **The Fairbridge Clinic** The Clinic was launched in the Autumn of 1994 to provide reduced fee therapy for those on low income; it is partly funded by a charitable donation secured by the Trustees for this purpose and is administered by AGIP. The Clinic fulfils an important function not only for patients, but also for AGIP therapists in training, who receive lower fees in return for the opportunity to work twice weekly over a substantial period of time. Therapists working during the day in the clinic are able to use rooms free of charge. This constitutes a further donation to the clinic of approximately £7,000 per annum. Recently the clinic has benefited from two generous donations made by two psychotherapy organisations that recently closed down – a very substantial donation from the Association of Independent Psychotherapists and the other seen as a reimbursement of a grant from the Trust to the Cork Psychodynamic Integrative Graduates Group, when it was set up in 1994. ## **International Attachment Network** I.A.N., formerly a section of the Trust, aims to facilitate the spread of knowledge and understanding of Attachment Theory, and to develop its applications in many areas, including psychiatry, psychotherapy, developmental psychopathology, parent counselling, social work and social policy. To this end it holds monthly peer supervision groups, and Saturday workshops, sometimes at the **4** Trust Headquarters. The Trust has continued to enable the I.A.N. free use of its premises for these activities. ## **Trauma Foundation South West** This is a charity providing free psychotherapy and support for those that have suffered through torture, oppression and war. The organisation also provides supervision and training for staff in Tfsw and other agencies and charities in Bristol and it is particularly this work which the Trust has supported with a donation this year. ## **Woman’s Trust** Woman’s Trust is a specialist mental health charity, providing free counselling and therapy for women who have experienced domestic abuse. It was set up in 1996. This year the Trust made a donation towards supervision and CPD for therapists and counsellors working in this organisation. 5 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 FOR LADY BALOGH'S PSYCHOTHERAPY TRUST (INCORPORATING FAIRBRIDGE CLINIC) BROOKS GREEN Chai"tered Accoiintants 342 Re(yents Pai"k Road London N3 2LJ LADY BALOGH'S PSYCHOTHERAPY TRUST INDEX TO THE FINANCIAL STATEMENTS Page Accouiitants Report Income & Expenditure Account Balance Sheet LADY BALOGH'S PSYCEIOTHERAPY TRUST GENERAL INFORMATION ADDRESS: l Fairbrid(Je Road London N19 JEW ACCOUNTANTS: Brooks Gi'een 342 Regents Park Road London N3 2LJ LADY BALOGH'S PSYCHOTHERAPY TRUST ACCOUNTANTS REPORT TO THE TRUSTEES OF LADY BALOGH'S PSYCHOTHERAPY TRUST In accotdance with the ilist1￿ctIO1]S oiven to us we Iiave prepared, without carrying out audit, the aniiexed accounts 011 Pages 2 to J fi.oin tlie accounting records of Lady Balogh's Psychotherapy Trust and from informatioii and explanations sup lied to us. BrooK reer Abbey House 342 Regents Park Road London N3 nl J Trnj or)n 834q "I r:Fi:- BROOKS GREEN 342 Reoents Park Road London N3 2LJ Date: Is" J.- 2oL* Page I LADY BALOGH'S PSYCHOTHERAPY TRUST (INCORPORATING FAIRBRIDGE CLINIC) CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2023 2023 2022 FIXED ASSETS Propei'ty - Fairbridcye Road 305,396 305,396 Listed Investments 19,182 19,182 CURRENT ASSETS Debtors and Prepayments Cash Balances 7,762 2J4,J54 10,668 250,048 £242,116 £260,716 CURRENT LIABILITIES Creditors £1,890 £7,123 Net Current Assets 240,226 253,59J £564,804 £578,171 REPRESENTED BY: ACCUMULATED FUND Balance as at I Septembei- 2022 Deficit for year 578,171 13,367 593,610 15.439 £564,804 £578,171 We approve the financial statements and confirm tliat we have made available all relevant I"ecords and infoi"mation for their preparation. Trustee Trustee Date: Page 2 LADY BALOGH'S PSYCHOTHERAPY TRUST BALANCE SHEET AS AT 31 AUGUST 202.3 2023 2022 FIXED ASSETS Property - Fairbridge Road 305,396 305,396 Listed Investments 19,182 19,182 CURRENT ASSETS Debtors and Prepayments Casli Balances 7,762 168,864 10,668 172,925 £176,626 £183,593 CURRENT LIABILITIES Creditors £1,890 £1.800 Net Current Assets 174,736 181,793 £499,314 £506,371 REPRESENTED BY: ACCUMULATED FUND Balance as at I September 2022 Deficit for year 506,371 7,057 519,458 13,087 £499,314 £506,371 We approve the financial statements and coiifii-ln tliat we have made available all relevant records and infonnation for theii" preparation. Trustee Trustee Date: l Tr-j 611(p Page 3 LADY BALOGH'S PSYCHOTHERAPY TRUST CENTRAL FUND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 House Contributions Donations 70,051 52,850 70,051 52,850 Deposit Interest Dividends 519 416 12 263 935 275 Less: Secretarial Fees Book Bursaries Administration Costs House Expenses Equipmeiit Maintenance Insiirance Accountancy Donations to A.G.I.P. Other Donations 70,986 53,125 2,776 5,025 9,759 112 8,149 1,567 2,425 1,800 34,000 8,400 12,744 1,958 1,890 34,000 19,650 78,043 66,212 Deficit for ear £7,057 £13,087 Page 4 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 FOR LADY BALOGH'S PSYCHOTHERAPY TRUST (INCORPORATING FAIRBRIDGE CLINIC) BROOKS GREEN Chai"tered Accoiintants 342 Re(yents Pai"k Road London N3 2LJ LADY BALOGH'S PSYCHOTHERAPY TRUST INDEX TO THE FINANCIAL STATEMENTS Page Accouiitants Report Income & Expenditure Account Balance Sheet LADY BALOGH'S PSYCEIOTHERAPY TRUST GENERAL INFORMATION ADDRESS: l Fairbrid(Je Road London N19 JEW ACCOUNTANTS: Brooks Gi'een 342 Regents Park Road London N3 2LJ LADY BALOGH'S PSYCHOTHERAPY TRUST ACCOUNTANTS REPORT TO THE TRUSTEES OF LADY BALOGH'S PSYCHOTHERAPY TRUST In accotdance with the ilist1￿ctIO1]S oiven to us we Iiave prepared, without carrying out audit, the aniiexed accounts 011 Pages 2 to J fi.oin tlie accounting records of Lady Balogh's Psychotherapy Trust and from informatioii and explanations sup lied to us. BrooK reer Abbey House 342 Regents Park Road London N3 nl J Trnj or)n 834q "I r:Fi:- BROOKS GREEN 342 Reoents Park Road London N3 2LJ Date: Is" J.- 2oL* Page I LADY BALOGH'S PSYCHOTHERAPY TRUST (INCORPORATING FAIRBRIDGE CLINIC) CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2023 2023 2022 FIXED ASSETS Propei'ty - Fairbridcye Road 305,396 305,396 Listed Investments 19,182 19,182 CURRENT ASSETS Debtors and Prepayments Cash Balances 7,762 2J4,J54 10,668 250,048 £242,116 £260,716 CURRENT LIABILITIES Creditors £1,890 £7,123 Net Current Assets 240,226 253,59J £564,804 £578,171 REPRESENTED BY: ACCUMULATED FUND Balance as at I Septembei- 2022 Deficit for year 578,171 13,367 593,610 15.439 £564,804 £578,171 We approve the financial statements and confirm tliat we have made available all relevant I"ecords and infoi"mation for their preparation. Trustee Trustee Date: Page 2 LADY BALOGH'S PSYCHOTHERAPY TRUST BALANCE SHEET AS AT 31 AUGUST 202.3 2023 2022 FIXED ASSETS Property - Fairbridge Road 305,396 305,396 Listed Investments 19,182 19,182 CURRENT ASSETS Debtors and Prepayments Casli Balances 7,762 168,864 10,668 172,925 £176,626 £183,593 CURRENT LIABILITIES Creditors £1,890 £1.800 Net Current Assets 174,736 181,793 £499,314 £506,371 REPRESENTED BY: ACCUMULATED FUND Balance as at I September 2022 Deficit for year 506,371 7,057 519,458 13,087 £499,314 £506,371 We approve the financial statements and coiifii-ln tliat we have made available all relevant records and infonnation for theii" preparation. Trustee Trustee Date: l Tr-j 611(p Page 3 LADY BALOGH'S PSYCHOTHERAPY TRUST CENTRAL FUND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 House Contributions Donations 70,051 52,850 70,051 52,850 Deposit Interest Dividends 519 416 12 263 935 275 Less: Secretarial Fees Book Bursaries Administration Costs House Expenses Equipmeiit Maintenance Insiirance Accountancy Donations to A.G.I.P. Other Donations 70,986 53,125 2,776 5,025 9,759 112 8,149 1,567 2,425 1,800 34,000 8,400 12,744 1,958 1,890 34,000 19,650 78,043 66,212 Deficit for ear £7,057 £13,087 Page 4