LADY BALOGH’S PSYCHOTHERAPY TRUST
ANNUAL REPORT
2023 - 2024
Lady Balogh’s Psychotherapy Trust, Registered Charity Number 267569. 1 Fairbridge Rd. London N19 3EW
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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. This year some internal decoration took place.
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;
has obtained funding for a low -fee psychotherapy scheme, the Fairbridge Clinic, which is run by AGIP;
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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; Former 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 (retired) professional member.
THE BENEFICIARIES OF THE TRUST
During the year 2023 -2024 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.
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
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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 100 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 Trust Headquarters. The Trust has continued to enable the I.A.N. free use of its premises for these activities.
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REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEpifs FOR THE YEAR ENDED 31ST AUGUST 2024 FOR LADY BALOGH'S PSYCHOTHERAPY TRUST
L4DY BALOGH'S PSYCHOTHERAPY TRUST CONTENTS OF THE FINAN¢NL STATEMENTS FOR THE YEAR ENOED 31ST AUGUST 2024 Page Report Dfthe Trustses Indèpendeftt Examlnerfs Report Statfrmonl of Financial Acllvllles Balattt• Sheet Notes to the Flnan¢ial Statem8rts 9 10 13 Delailed Stat•m•rtt of Flnanclal A¢dvW 14
LADY 8ALOGH'S PSYCHOTHERAPY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 The tru8tees present their port wrth the financial Stslements of the tharity for the year ended 31$1 August 2024. The twstees have 3(bpted provisions ol Accounb'ng 8r¥J Reportiro by Chèritie$.' Stalernanl of Re¢ommBndwJ Practice applicable to charTiies preparing Iheir )Unts in accordance wih the FinancBI Reporting Stsndard applicable in the UK and Repubh'c of Ireland IFRS 1021 leffECtive 1 January 20191. Pag& 1
LADY BALOGHE PSYCHOTHERAPY TRUST REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31ST AUGUST 2024 OBJECTIVES AND AcfMTIES Oble¢tlv¢s and aims Lady 8ak)9h'g Psycholh8rapy Tntst is d8drated lo Educalk)n n Psy¢holhernpy. Thè Tnt was crealgd arKd er¥Jowed in 1974 by Penelope La(Jy Bal¢yJh, was among the fwnders of psychoanalytical psycholherdpy training in Britain. The Trust stands for hvo main pnn¢bp$. wNth dellve from the work and thinkiw ol I r¥Jer, her p¥lner Dy. and theira550ckqts8. These a. - thai psychoiherapy. and in particular psYCana1YtKxl rwchotherapy. should be rnad8 mrwe WKldy avaJable respect of both treatrnenl and training.. that Ihe ty[lOSI of psy¢hoth6rapy, and in parbrwlar psythoanalytl psychotherapy. 51¥Ju be devol0 along a phUosopNeal conbnuum, unobslructed by factional dwi510n$. and rnaintained by an edecl and inclusive stance. The Trust seeks to widen the av8ilability ol psychotherapy Iwtrnenl, training, and knOedge.. through supw)rt for the provision of psyc)(8T8pY to indude thctse WFK) might otherw8e Thy Seek prOfesSal hdp. St fees they can afford,. throjgh silPPOrt for traiThTrJ n psy¢Wherapy based on the principles ol edeciicism and the pth3onal synthesis of orient8b'ws-, - through suprx)rt for p5ytholher8peuti¢Uy- b88a ventures in the wJer communty," - through lh8 diss8minatlon of inforniation, and all other appropriale Tlusfs princpd asset is ils heuarters, 1 FaiFtiridge Road, thWay, London. Thi5 prOrty was purchased by Ihe Trust868 follwng lh6 Sa ol the foundels OnftaI Wuesl in Primr0$6 Hill. Over IhE yea the Trusl8es have spenl a con%derable sutn on repairing and Improving the house. This ye8r Some iniemal dg¢tsrBtyon took platt. Ttse hous8 is used in part as 7cl t<81n9 wm5, oCcUpd by Iherapots whD pay room contnbulKfft lo the TrusV5 Central Fund In turn lor use of the ruom5', and in part by Ihe TnJ$l's prtnp benefichqry. the A8socialion for Group and Individual Psytholh8rapy IAGIPI for its administratyve, trn9 and rnembgrship functions. AGIP'S use oflhe house is free uf charge.. in relum. li orrp5 OLrt certain adminislrabve funCtiOr on Trustees, behalf. In futheranc¢ of its airns. the Tr1". 4UPPDrts lh8 Asso¢oln for Group and Indlvkjual Psycholherapy la psychoanalytical Psy¢hotherdpy training organisation. member of the UK Council for Psythotherapyl. forrn8rly a seCtn of tha Trust. wth 8n annual donaiK)rn thal rreSents a major part of ¢h8 from the wopetty, - ¥Hows ennsulbn9 fDDrn fate8 to be set goin9 rates. scope lo Ihgraws lo acrapt low-payin9 drIts.. - has obtained fundiThJ for a low-fee p5yctry)therapy schem&, tho Fairbr& Clinic, whh Js rw tyAGIP.. -ts)nsidets applicatknns for fvnding from LM)d*s provk4ing p8ycholherapeulr and service8 in thp n7munlly, in particular those seek to piovkle psychotherapy in areas where Imle preseDtty exlsts., -airns through Ihesè and other means lo produce a broadty -based fw51 capable of supportiThJ a variety of activIt$ and onentats"ons. Originally, the Trust was sel up 85 3 central Trusteeship with a number of compTh)enl parts, or sections. Al these sections have now become Sndependent bodiès. Page 2
LADY BALOGH'S PSYCHOTHERAPY TRLIST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 0EcTEs AND ACTIVITIES Publi¢ benefit The section of thb8 rewt above entled 'Obje¢tiv&s and a¢hveMentS of the year, sel$ out thè ch#rity ¢bjectrves and reports on the aLlivty and su$$ in Ihe year lo 31 August 2024 as well &8 expL3ining plans for the ujrrent financial ye¥ of 20225. The Trustees have r4)ndered mattor and ¢ondudgJ'. 1. That airns of the orgonisation ntInu¢ to be Eharilabie., 2. That the &tn5 atvj the work done give 8tifiable benofits to the rh&itabÈ seGtor aTrJ both indirectty and directly to indivi(luals in need., 3. That the benefils are fur the pUle. arg nDI unreasonatrAy restrKied In anyway and certthty not ty abilty to pay.. and 4. Th8t lhe is no detrirnenl or haryn ari8ing from Ihe a*n5 or actswi5. Tha Tru51ees confirm Ihat they have cornpl with the duty in section 4 of the Charities, Ad 2006 10 tt8ve dL regard lo th& guidan publ15h by chaniS. Cornmission on publk banefrt when reviewn9 the charit$. main aims ar¥J thi8cIv8s and In FAannSng ftjbire activitKs. Page 3
LADY 8ALOGH'5 P5YGHOTHERAPY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST ALIGUST 2024 ACHIEVEMENT AND PERFORMANCE Chorltsble aclivitios During the year 2023-2024 the Twst wpported th8 fe4towing ben8fi¢lar$= Thè Association for Group 2nd Indivldual Psychotherapy IAGIPI AGIP was estaN15hed in 1974 as part of the Trust In October 1wa. 11 becamo a Company Limit8d by Guarantee, and thefore an independeni body. It 15 the Tru5fs rnain benefitry. AGIP eXS to provide a training Gwf58 in p5ychoanalyu.c psy¢hothBTapy. lo prowKSe psycholh8Tapy al 8ccessibk fee5, and to 5UPPOrt Ils ffmbors in their professional Itves. The Assothts"on has been aciNe in ihe UK Cowril lor PtherapY IUKCPI since Its 1Cepn. th leadiw Tole3 p18yed by AGIP membets. Tho Alliance of Psychoanalylic P5yclY>therapy Trah"ng$ lapptraSnirKJl forrned by AGIP in p8rtnershp with A[br$ Assockqlion in 2015, and taking ils first trainees in September 2016. dissofved in the surnr of 2017. Wrth lh8 5UPPJrt of the Trust. AGIP continued wth rt$ courses hic ara promag powlar. In the summer of 2018 thè Cou88 were revwd by Ihè UK Council for Psyttdherapy and were re-validaled as 'rnore than, meelng the necessary standards. AGIP aecepts Ir8inees trom a Ydriely of bac&grourKts, wth no a worl bar on gUndS of gender, sexual orientation. race, creed. educational backgTcnd or phys81 disability. Tr courses attrad students livè out of London". who may have Ihe abilty train, but ck forrn81 qualificats"ons- ober Sludonts otten debarred from trainirwJ elsewhere. The training is edectic, and is based on the princiFle of the pvsonal 5ynthe5is of orienlalK)ns. The cours8s are laughl al weekends enaLllng peopk th full lime occup£tiws to Bttend. This year Ihe Tnjsl Na$ also wnlinu8d to offer 8ach dirucal Student a tK)ok want. AGIP Is a membership organi5ation. with a demoCrab"cal elected Counul as m£&¥ng body. The are ntly 100 bers indudNg Lrain88s. Protsssional Members. WFK) have qUaIffiJ as indeF4ndent practiticthers. are eligible to regislerwilh the UK cOurK for Psychotherapy. In offenry pSYchotrapY treatment. AGIP receives rerra1$ frcn a variety of sour. incbding GPS, hospEt8ls, word ol mouth, and through the Palrbridge ClIn (see below). AGIP publKise5 the bertfits of Psychotherapy through approprvale putrAiro1)n$ and events. ncluding conference5 and workshops for the and other professionals, and 1hrLMj 8815 detriliTrJ AGIPS ¢HnKal faoliles. In additim lo its flee use of the Tnjsl hea(kuwler5, the Association recew8s a substantl annual dcmaton from th8 Tru$l. The Fakntiidty• Clini The Clinic was 18unched in the Aulumn of 1994 to provlde reduced fe• trvaPy for those on k)w income., 11 paY fur¥Jed by a tharitsble d0ftati secur8d by the Trdst8es for this and Ès Jjminisiered by AGIP. The Clink fvifiL8 an tmpDrtant fvn¢lion not only for patients. trAJt a180 for AGIP therapists in training. vtho receNe bwer fee5 in return for the opportunity to work twice we8Y ovor a sub8tantial period ol limo. Therapists worklng Ihe day in the thrM¢ aty atle lo usè rooms tr88 of th8rg8. This constitutes a futher donation to the tlinic of approxirnatety £7,000 pet annL¥n. Re¢enlly the has benefiied from generous dorthons m8¢t6 by fyvo psyd)0lh8rapy 0tganSsainS that renY do5 do¥ - a very $ubslanliaf dLYalion from the Associ8bon of Independent P$ycholherapists and th& other seen a5 a Nrnbursement a grant from Ihg Trust to lh8 Ccrfk Psychodynamt Integrattve Gr8duatgs Group, when il Vds sel up in 1994. Int•rnatlonal AttDchment N8two l.A.N., foNlleFfy a section ol the Trt. aims to farilrtats the spread of krthvletjge anrl undetstanthry ol Attachment Theory. 8nd lo devebp its apiCatM$ in many areas. including p5y¢hlaty. psYclherapy, dwebpmental pSychopathdy, parent counsdling, $Lial work and 8oual policy. To Ihis end il holds nwnihly peer supervislon groups, and satuaY W0$hop$, sotneiime5 at the Trust Headwarters. The Trusl as continued to enable the l.A.N. free use ofits premises for th&se aGIwities. Page 4
LADY 8ALOGH'S PSYCHOTHERAPY TRUST REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Govgrnlng document The chanty is conlrolled by It8 govÈmng document, a deed of trust and tcnstitules an uninwrwr8ted chaity. REFERENCE AND ADMINISTRATIVE DETAILS R&stered Charrty number 267569 Princlpal addre$$ 1 Faind8 Road London N19 3EW Trust Tessa Heroh&s Ickwirl, Child Psychothorayst Iretir8dl,' daughtwof Penelope Lady BdDah. Jeremy Chasa (Twsuwl, P5ychwtri¥t Ireth.l. Dorolhy Hamilton (Hon. Secretstyl. Psycho8nalytic Psycl)oknerdPiSt., Chair of AGIP arKa Honorary FelkNI of Ih8 United n90rD Cwncil for Psy¢hoth8rapy. rril Harris, Psychothernpi5t Iretiredl.. HOrnry Research Fellow, In8tbtute of Psy¢hSaty, King5 Cdkge. UtM¥er5ily of Lond." daugmèr of Penekjpe La&y Bab)gh. n9. Chartered Clinical P5ycholog51. Member oflhe Institule of Grtyjp An8lys1S. in private practi. LaWnce Su5s. AGIP Ireliredl FfofessK)nal ff*mber. Former Chair of AGIP. Coordinator of AGIP Profoswnal Ethlcs ComThii£e. Cardkne HaHelt, AGIP profes$K)nal EMbEr. Independwrt Examlner Annette Watson Ph0 8Sc FCA Parkefs Comellus House 178-180 Church Road Hove Easi Sus58X BN3 2DJ Atoroved by Ofder of the board of trust985 Oft............... ....... . aNJ &gned on ts behalf by.. L A Suss- Trustee Page 5
INDEPENDENT EKAMINER'S REPORT TO THe TrUSTEES OF LADY 8ALOGH'S PSYCHOYHEPAPY TRUST Indep¢ndent examinerfs report to th¢ trustees of Lady Balogh's Psychotherapy Tru¥t I roport to the charity Irusle8s on my examinBtsn of the accounls of Lady 8abgh's Psychotherapy Ttusl Trust) for the year encjed 31st AuGUSt 2024. Respon61blllties and basls of report As the charity trusleE5 of the Tnjsl you are respons1ble for Ihp prepardtion of the accc4Jnts in accordance wilh the Fequir8menls ol Ihe Charities A¢1 2011 Ilhe Acl'l. I report in respect of my exarrNnation of the TnLsls accounts carried rAJI under Seclk)n 145 01 the Atl and in rAfryin9 out my axamin8tk)n I have followe¢ all Directions gNen by the Charity Comrnission under SeCtn 14515llbl ofthe Aci. Indèpondont exarninerf6 Statement I have wmpleied my eXamation. I confirrn that no malerial matteTS have corn8 lo my 81tentir In o)nnecti th the examinaiK)n giwng me ¢ause to b81Ve Ihai in any maienal re$pecL accounting records were not kept in resped ol the Trust as rwuired by Se¢tion 130 of tho Ac( or aountS do not ac¢ord th Ihose records.. or the a¢(t)unts do nol ccmnply with the appli&qble requirements concerThng Ihe lom) and coniertl (rf account$ set out in the chare$ IActoun15 and R8POrtsl Regulatn$ 2008 oihgr than any requirement Ihat th8 accounts gfvo a trle and tstr thich is not a matter ronskkred as part L an independent 8XAmination. I hav8 no concems and have come awss M oth8r rn8tters kn conned¢)n with Ihe exaMinatn 10 attentK>n 3uld be drown in this report to eThe a wop¢i urhYerslandin9 DI aUnIS io be reaL*ed. Annetle Walson PhD BS¢ FCA Parkers Cornelius House 178-180 Church Roa East Sussex BN3 2DJ Page 6
LADY BALOGH'S PSYCHOTHERAPY TRUST STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31ST AUGUST 2Q24 2024 UnTtcl•d fund 2023 Total fun Notes INCOME AND ENDOWMENTS FROM DonatK)n5 and leua¢s 108,419 e8.176 Investment incL)m8 1.616 1,23J Totsl 110,035 89,407 EXPENDuRE ON Charitable attiviti95 Rental olp5ychothewy consuTrg rrn$ Fairbridge Clinic 55.436 37,549 71,894 30,880 Total 91985 102.774 Net galns on inveslryonts NET INCOMEIIEXPENDITUREI 39.286 113,3671 RECON¢TrLwnoN OF FUNDS Tota fwés brought fowr SM804 578,171 TOYAL FUNOS CARRIED FORWARD 6W090 The notes fom) part of these finanua $tsterrnts Pap7
LADY BALOGHE PSYCHOTHERAPY TRUST BALANCE SHEET 31ST AUGUST 2024 2024 Unre8trl¢f•d tbnd 2023 Total funds Note5 FIXED ASSETS Tangible assets Investments 30S.396 41,418 305,396 19,182 346,814 324,578 CURRENT Assgr3 Debtors Cash 81 bank 6,000 253.010 7,762 234,354 259.010 242.116 CREDITORS Amounts falling wilhft) one year 11,7341 110901 NET CURRETrif ASSETS 257,276 240226 TOTAL ASSETS LESS CURRE LIABIUTIES 61090 $64A04 NET ASSETS 604090 564.804 FUNDS Unr8stsict8d funds 604,090 564.804 TOTAL FUNDS 604,090 564.804 The finan I StaMe$ were 8pproved by the Board of Tw$lees ané authorised frK k8sue on .srfy-..4,"L...r... and w•re swed on fts behaw by.. L A Sus$- Truste8 7h8 notes forn7 part ofthese fm•rrial statements Pago 8
LADY BALOGH'S PSYCHOTHEFiAPY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 ACCOUNTING POLICIES Ba61$ of preparing the finencial statments The financial slatemenis of Ihe charty. whKh B a public benefft titY under FRS 102, hève been prepared in accordance wlh Ihe Charitie$ SORP IFRS 1021 'Ae¢ounts'ng and RepDrhng by Chants'es.. Statement of Recommendpd Practice aprAratAe 10 ¢harities preparing thelr accounts in occoroan wth Ire Flnancial Repon9 Standard appliCae in the UK and Republi¢ of Ireknd IFRS 1021 lerfedve 1 January 20191,. Financial Reporbng Standard 102 'The Financial Repon9 Standard applicable in the UK Bnd Republi¢ of ]land, and the Charities A¢1 2011. Th8 finanual stsltments have been prepared under the historical cost ¢onvenbon, with the exce0K of inveslrnents whKh are induded at tnark81 value, as mo¥Jrfied by th8 revaluabon Df certairb assets. Incom• Al inwlle is recogne in the Stalemenl of Finantsal Aciiwti85 once the ¢hanty has ontslernenl io Ihe fijrs. It 15 probabk that tre will be Tecewed and th• arnount rAn be measured relL4bly. ExpendNurn Liabilibes are recroniswl as eNwdrture as sorm as the is a legal OT ca)n$eb.vt obligaffon ¢ommitb"rw charity to that expenditure, il is probable that a transfer of e0)nOm benefts bè required in seldempnl and the amount of th8 obligation be mgasured reu¥Y. ExpendIlU Is a¢counied for on an accrnals basis and has been dassified under headings Ihal aggregate 811 ¢¢t rekled to the calegcry. Where (¥)5t5 canThDt be direclty attribut to particular headlngs they ha¥e been allocated to VitIeS on a bas CO1$10 wlh Ihg use of r6sourcts. Grants offered subjecl lo conditions whKh have not been nwt at the year end datè ar8 notsd a$ commitrnenl bul not accrued as txperitUre. T8ngiblg fixed ass&ts The freghokl propgrty is Induded in tt10 accounts al 1 and daprada1n is not provKIgd. T&xatlon The tharily is &xempifrom tax on its thadtatle acts'vit5. Fund accounting Unresiricted funds can bè uséd in accord&)ce wqih the charitati obJ'e(thves ai the discretion ol Ih 1n1s$. Restrict funds can only be u88d foi partujlar tricted wrposes within the objects of the chaity. Re51riclnS atse when Spe0fi by the dcOr or when fur$ are ra5ed for partiojlar resth¢ted puOseS. Further ewanatbn of tho nabJre and purpose of each fund 19 includ&J In ts notes to the Inanaal sta18menls. Penslon Costs and othor pwt.rotlr•mont n•ThIs charity operates 8 defined contrybulion pensiM Scheme. ConlribuUMs payat4e lo Ihe ¢harity's pension $¢heme ate Gharged to the S¢atetnBnl of FanCIal Ats"e$ in the period 10 which th8y rebte. Page 9 continued..-
LADY BALOGIIS PSYcl0THERAPy TRUST NOTES ro THE FINANCIAL STATEMENTS- ¢ontinutd FOR THE YEAR ENDEO 31ST AUGUST 2024 INVESTMEprr INCOME 2024 2D23 Dividwd income Deposit account llitèresi 416 B15 1,616 1,616 1.231 TrUSTEes' ReMLINERATtON AND 8ENEFITS There We no Irust8e8' remuner3bon or ofvr benefits for ¢ha ar and&J 31st August 2024 for ihe year ended 31st A31 2W23. Truslo0s' •xp8nses There were no Iiu5t888' expenses Pa for Ihe year ended 31st August 2024 nor for the year ende(J 31st Augusl 2023. TANG18LE FIXED ASSETS Freeh(dtl prryrty COST At Isi Septert)er 2023 a 315t August 2024 305.396 NET BOOK VALUE Al 31st 4ugus12024 301396 AI 31siAugu512Q23 305.396 FtX£O Ass INVESTMENTS Llst&Y inveslments MARKET VALUE At ?si Septernber2023 Revaluatk)ns 19,1B2 22,TJ6 At 31siAugust 2024 41,416 NET BOOK VALUE At 31st August 2024 41,418 At 31st August 2023 19,182 There were no Inve5tm8llt assets outside the UK. Pag8 10 conOnugJ...
LADY BALOGH'S PSYCHOTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ÉNDED 31ST AUGUST 2Q24 FIXED ASSET INVESTMENTS h¢ontlnued Cosi or valuation a131st August 2024 is repr88ent8d by.. Llstéd Investmonts Valualon in 2024 Cost 21236 19.182 41,418 If inveslmenis had not been revalued Ihey wwld have been induded at the folk)Mring historical c05t. 2024 20TJ Cos¢ 19.182 19,182 Ftxed asset investmpmts were valued m an open market basis on 3181 Au9U5t 2024 by the rdevant nd m£nager. DEBTORS: AMOUNTS FALLING DUE WbTHJN ONE YEAR 2024 2023 Trade debtors O(h8r debtors 1,762 6.wo 6.000 6,OlJO 7,762 CREE¥TORS: AMOUNTS FALLING DUE wfTriiN ONE YEAR 2024 2023 Other 110r$ 1.734 1.890 MOVEMENT IN FUNDS )vement in funds Al 119123 3118J24 Unr•strlcied funds Generdl fund 564.804 39,286 604.090 TOTAL FUNDS 564.804 39,286 604.0 Pag&11 01u0...
LADY BALOGH'S PSYCHOTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS- continu•d FOR THE YEAR ENDED 31ST AUGUST 2024 MOVEMENT IN FUNDS-contlnu*d Nel movornenl in funds. Indud•d n the aboye are as foJows'. Incoming reWur5 Resources expended Gains an losses Movemert in funds Unrestrl¢ted funds General fund 110,035 192,9851 22,238 39,216 TOTAL FUNDS 110,035 192.08SI 22,236 Comparatlves fr>r movement in bJnds N81 rr¥)vem8nl In funds At 119122 3118123 Unrestri¢¢ed funds General fvnd 578,171 113,3671 564,804 TOTAL FUNDS 578,171 113,3671 564, Comparative nel movement in fund5. indvth in the above ai8 a5 foll(ws". Incorning Resour meMent sources expended in funds Unrestrfct•d fvnds General fund 89.407 1102.7741 113.3671 TOTAL FUNDS 89,407 1102,7741 113,3871 A runt year 12 mtyilhs and prior yèar 12 mmlhs a)Mned posilion is as lollows.. rnOV8m8nt in funds At 119122 31W24 ljnrestrlcted funds General lund 578.171 25,919 604.090 Tor FUNDS 578,171 25.919 604,090 Page 12 toniinued...
LADY BALOGH'S PSYCHOTHERAPY TRUST NOYES TO ThE FINANCIAL STATEMEKfs. contbnued FOR THE YEAR ENDED 31ST AUGUST 2024 MOVEMENT IN FUNDS-continu6d A tsjrrgnt year 12 months and w'or yèar 12 months eernbined nel movement in fvTrJ5, indLk18d in the aLK)ve are as follows.. Incoming re50urc8S Re50urces expended Gal and losses Movempnl In fvnos Unrestricted lunds Gonerol fund 199.442 1195,7591 22,236 25.919 TOTAL FUNDS 199,442 1195,7591 22236 25,919 RELAYED PARTY OISCLOSURES There We Th) rejaia party transadbn8 for year endtrd 31slAugust 2024. Page 73