## **LADY BALOGH’S PSYCHOTHERAPY TRUST** 

## **ANNUAL REPORT** 

## 2023 - 2024 

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. 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; 

**2** 



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 

3 



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. 

**4** 



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 Tn￿t 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￿$. wNth dellve from the work and thinkiw ol I
r¥Jer, her p¥lner Dy￿. and theira550ckqts8. These a￿.
- thai psychoiherapy. and in particular psYC￿ana1YtKxl rwchotherapy. should be rnad8 mrwe WKldy avaJable
respect of both treatrnenl and training..
that Ihe t￿￿y[lOSI of psy¢hoth6rapy, and in parbrwlar psythoanalyt￿l psychotherapy. 51¥Ju￿ be
devol0￿ along a phUosopNeal conbnuum, unobslructed by factional dwi510n$. and rnaintained by an edecl
and inclusive stance.
The Trust seeks to widen the av8ilability ol psychotherapy Iwtrnenl, training, and knO￿edge..
through supw)rt for the provision of psyc￿)(￿8T8pY to indude thctse WFK) might otherw8e Thy Seek
prOfesS￿al 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 w*Jer communty,"
- through lh8 diss8minatlon of inforniation, and all other appropriale
Tlusfs princpd asset is ils he*uarters, 1 FaiFtiridge Road, ￿thWay, London. Thi5 prO￿rty was
purchased by Ihe Trust868 follwng lh6 Sa￿ ol the foundels On￿ftaI Wuesl in Primr0$6 Hill. Over IhE yea
the Trusl8es have spenl a con%derable sutn on repairing and Improving the house. This ye8r Some iniemal
dg¢tsrBtyon took platt.
Ttse hous8 is used in part as ￿￿7c￿l t<￿8￿1￿n9 wm5, oCcUp￿d by Iherapots whD pay room contnbulKfft lo
the TrusV5 Central Fund In ￿turn lor use of the ruom5', and in part by Ihe TnJ$l's prtn￿p￿ benefichqry. the
A8socialion for Group and Individual Psytholh8rapy IAGIPI for its administratyve, tr￿n￿9 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 Tr￿1".
4UPPDrts lh8 Asso¢ol￿n for Group and Indlvkjual Psycholherapy la psychoanalytical
Psy¢hotherdpy training organisation. member of the UK Council for Psythotherapyl. forrn8rly a seCt￿n of tha
Trust. wth 8n annual donaiK)rn thal r￿reSents a major part of ¢h8 from the wopetty,
- ¥Hows ennsulbn9 fDDrn fate8 to be set goin9 rates. scope lo Ihgraws lo acrapt low-payin9
d￿rIts..
- has obtained fundiThJ for a low-fee p5yctry)therapy schem&, tho Fairbr*& Clinic, wh￿h 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
0￿EcT￿Es AND ACTIVITIES
Publi¢ benefit
The section of thb8 rewt above entl￿ed 'Obje¢tiv&s and a¢h￿veMentS 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 202*25.
The Trustees have r4)n*dered mattor and ¢ondudgJ'.
1. That airns of the orgonisation ￿ntInu¢ to be Eharilabie.,
2. That the &tn5 atvj the work done give ￿8￿tifiable benofits to the rh&itabÈ seGtor aTrJ both indirectty and
directly to indivi(luals in need.,
3. That the benefils are fur the pU￿le. 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 actswi￿5.
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 chani￿S. 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￿$=
Thè Association for Group 2nd Indivldual Psychotherapy IAGIPI
AGIP was estaN15hed in 1974 as part of the Trust In October 1wa. 11 becamo a Company Limit8d by
Guarantee, and the￿fore an independeni body. It 15 the Tru5fs rnain benefit￿ry.
AGIP eX￿S to provide a training Gwf58 in p5ychoanalyu.c￿ psy¢hothBTapy. lo prowKSe psycholh8Tapy al
8ccessibk fee5, and to 5UPPOrt Ils ff*mbors in their professional Itves. The Assothts"on has been aciNe in ihe
UK Cowril lor P￿￿therapY IUKCPI since Its 1￿Cep￿n. ￿th leadiw Tole3 p18yed by AGIP membets.
Tho Alliance of Psychoanalylic P5yclY>therapy Trah"ng$ lapptraSnirKJl forrned by AGIP in p8rtnershp with
A[b￿r$ Assockqlion in 2015, and taking ils first trainees in September 2016. dissofved in the surn￿*r of
2017. Wrth lh8 5UPPJrt of the Trust. AGIP continued wth rt$ courses *hic* ara promag powlar. In the
summer of 2018 thè Cou￿88 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 g￿UndS of gender, sexual
orientation. race, creed. educational backgTc￿nd or phys￿81 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. Th￿e are
ntly 100 ￿bers indudNg Lrain88s. Protsssional Members. WFK) have qUaIffi￿J as indeF4ndent
practiticthers. are eligible to regislerwilh the UK cOurK￿ for Psychotherapy.
In offenry pSYchot￿rapY treatment. AGIP receives r￿erra1$ frc*n 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￿ ￿8￿815 detriliTrJ AGIPS ¢HnKal faoliles.
In additim lo its flee use of the Tnjsl hea(kuwler5, the Association recew8s a substant*l annual dcmaton
from th8 Tru$l.
The Fakntiidty• Clini
The Clinic was 18unched in the Aulumn of 1994 to provlde reduced fe• tr￿vaPy for those on k)w income., 11
pa￿Y 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 we8￿Y 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 0tganSsai￿nS that
re￿n￿Y 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 Tr￿t. aims to farilrtats the spread of krthvletjge anrl undetstanthry ol
Attachment Theory. 8nd lo devebp its ap￿iCat￿M$ in many areas. including p5y¢hlaty. psYc￿lherapy,
dwebpmental pSychopathd￿y, parent counsdling, $L*ial work and 8oual policy. To Ihis end il holds
nwnihly peer supervislon groups, and satu￿aY W0￿$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 Fai￿nd￿8 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 ￿n9￿0rD Cwncil for Psy¢hoth8rapy.
rril Harris, Psychothernpi5t Iretiredl.. H￿Ornry 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￿.
LaW￿nce 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
SeCt￿n 14515llbl ofthe Aci.
Indèpondont exarninerf6 Statement
I have wmpleied my eXam￿ation. I confirrn that no malerial matteTS have corn8 lo my 81tentir￿ In o)nnecti
th the examinaiK)n giwng me ¢ause to b81￿Ve Ihai in any maienal re$pecL
accounting records were not kept in resped ol the Trust as rwuired by Se¢tion 130 of tho Ac( or
a￿ountS do not ac¢ord ￿th Ihose records.. or
the a¢(t)unts do nol ccmnply with the appli&qble requirements concerThng Ihe lom) and coniertl (rf
account$ set out in the char￿e$ IActoun15 and R8POrtsl Regulat￿n$ 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 exaMinat￿n 10
attentK>n 3￿uld be drown in this report to eTh￿e a wop¢i urhYerslandin9 DI a￿UnIS 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
UnT￿t￿cl•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
EXPEND￿uRE ON
Charitable attiviti95
Rental olp5ychothewy consu￿Trg r￿rn$
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 $tsterr*nts
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
61￿090
$64A04
NET ASSETS
604090
564.804
FUNDS
Unr8stsict8d funds
604,090
564.804
TOTAL FUNDS
604,090
564.804
The finan
I Sta￿Me￿$ 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 stat*ments
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 Repo￿n9 Standard appliCa￿e in the UK and Republi¢ of Ireknd IFRS 1021
lerfedve 1 January 20191,. Financial Reporbng Standard 102 'The Financial Repo￿n9 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 recogn￿e￿ in the Stalemenl of Finantsal Aciiwti85 once the ¢hanty has ontslernenl io Ihe
fijr￿s. 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* CO￿1$10￿ wlh Ihg use of r6sourcts.
Grants offered subjecl lo conditions whKh have not been nwt at the year end datè ar8 notsd a$
commitrnenl bul not accrued as txper￿itUre.
T8ngiblg fixed ass&ts
The freghokl propgrty is Induded in tt10 accounts al ￿1 and daprada1￿n is not provKIgd.
T&xatlon
The tharily is &xempifrom tax on its thadtatle acts'vit*5.
Fund accounting
Unresiricted funds can bè uséd in accord&)ce wqih the charitati￿ obJ'e(thves ai the discretion ol Ih
1n1s￿$.
Restrict￿ funds can only be u88d foi partujlar ￿tricted wrposes within the objects of the chaity.
Re51ricl￿nS a*tse when Spe0fi￿ by the dc￿Or or when fur￿$ are ra5ed for partiojlar resth¢ted
pu￿OseS.
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 $¢heme ate Gharged to the S¢atetnBnl of F￿anCIal A￿￿ts"e$ in the period 10 which th8y rebte.
Page 9
continued..-

LADY BALOGIIS PSYc￿l0THERAPy 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 A￿￿31 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
0￿1￿u0￿...

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
reWur￿5
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￿ m￿eMent
sources expended
in funds
Unrestrfct•d fvnds
General fund
89.407
1102.7741
113.3671
TOTAL FUNDS
89,407
1102,7741
113,3871
A ru￿nt year 12 mtyilhs and prior yèar 12 mmlhs a)M￿ned 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