REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 FOR LADY 8ALOGH'S PSYCHOTHERAPY TRUST
LADY BALOGH'S PSYCHOTHERAPY TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 Page Report of the Trustees Independent Examinèr's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Ststement of Financial Adivities 9 lo 13 14
LADY BALOGH'S PSYCHOTHERAPY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025 The INstees present thelr report with the financial statemen15 of the charity for Ihe ye¥ ended 31st August 2025. The trustees have adopted the provisions ol Aecounling and Reporting by Charities.. statement of Recommended Practice applicable lo chariiies preparing their accounts in accordance with the Financial Reporting Standard apPIable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. Page 1
LADY BALOGH'S PSYCHOTHERAPY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025 OBJECTIVES AND ACTIVITIES Objectives and aims Lady Balogh's Psychotherapy Trust is dedicated lo Education in Psycholherapy. The Trust was created and endowed in 1974 by Penelope Lady Balogh, who was among the founders ol psychoanalyiical psycholherapy training In Britain. The Trust stands for main piinciples, which derThie from the work and thinking ol the founder, her partner Deryck e, and their associates. These are.. that p5yGhotherapy, and in particular psychoanatytical psychotherapy, should be made more widely available in respect of both treatment and training., that the field Iheory(iesl of psychotherapy. and in particular psychoanalytical psychotherapy, should be developed along a philosophic81 continuum, unobstrucled by factional dwisions. and maintained by an eclectic and inclusive stance. The Tiusl seek5 to wKlen the avaiiabilily of psychotherapy Ire8lmenl, Iraininy, and knowledge.. through support for the provision of p5y¢holherapy to include those who might otheiSe not seek Professional help, al fees they can 8ffoid', through support for training in psychotherapy based on the principles of ecseclicism and the personal synthesis of orEntalions', - through support for psycholherapeulicalty- based ventures in the wider community., through the disseminab"Dn ol infoimalion, and all other appropTiale mean5. The Trust's pr1ncipal asset Is ils headquarters, 1 Fairbridge R¢)ad, Archway, London. This property was purchased by the Trustees following the sale of the founderfs Original bequest in Primrose Hill. Over the years the Trustee5 have spenl a considerable sum on repaiiing and improving the house. This year some internal decoration took place. The house is used in part as clinic81 consulting rwms, occupied by Iherapisls who pay room conlribulions 10 the Trust's Central Fund in return for use of the r¢)oms'. and in part by Ihe Trusrs principal beneficiary, the Association lor Group and Individual Psychotherapy IAGIPI lor its administrative, training and membership funclion5. AGIP'S use ol Ihe hovse is free of chaTge', in return, it carries out certain administrative functions on the Trusleas, behalf. In furtherance ol its aims, Ihe Trust.. -supports the Association for Group and Individual Psychotherapy la psychoanalytical psychotherapy trainin9 organisalion, member ol the UK Council lor Psycholherapyl. formerly a se¢tion ol the Tru51, with an annual donalion that represents a major part of Ihe income from the property,. allows consulting room Tales lo be sel below going rates, giving scope lo therapists to accept low-pay¢ng clientS-, ha5 obtained funding for a low-_fee psy¢hotherapy scheme, the Fairbridge Clinic, which is run by AGIP-, -¢onsiders applications for funding Irom bodies providing psycholheTapeulic training and 5etvices in the community, in particular those who geek lo provide psychotherapy in areas where little presently exists,. -aims through these and other means lo pr(UCe 8 broadly -based Trust, Capable of supporting a varty of activities and oiienlalions. Originally. the Trust was set up a5 a central Trusteeship with a number of component parts. or Sections. All these sections have now become independent bodies. Page 2
LADY BALOGH'S PSYCHOTHERAPY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2026 OBJECTIVES AND ACTIVITIES Publlc beneflt The section of this report above enlilled 'Objeclives and achievements of the year. sets out charitys objeetives and reports on the aclivty and successes in the year to 31 August 2025 as well as eaining the plans for the Cltrrenl financial yea¥ of 2024-25. The Trustees have consK1ered this matter arKI concluded". 1. That the aims of the organisation continue lo be charrtable., 2. That the aims and the work done give identifiable benefits to the charitable sector and both Indi¢11Y and directly lo indmduals in need., 3. That the benefits are for the public, are not unreason)ly reStrted in any way and certainty not by ab11Y I pay,. and 4. That there is no dglrimenl or ham) arising from t aims or activities. The Trustees ¢onfimi that they have complied with the duty in Section 4 of the Charitie5' Act 20C6 to have duè regarrj to the 9uidan¢e published by the Charrties. CommissK)n on publ benefik when lgviowing the Charities, main aims and objectives and In planning future aclivilies. Page 3
LADY BALOGH'S PSYCHOTHERAPY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025 ACHIEVEMENTS AND PERFORMANCE Charitable activities During the year 2024 - 2025 the Trust supported thè foll¢)wing beneficiaries.. The Association for Group and Indivldual Psychotherapy IAGIPI AGIP was established in 1974 as part of the Trusl. In October 1999, il became a Company Limiled by Guarantee, and therefore an independent body. It is the Trust's Fnain beneficiary. AGIP exists to provide a training course in psychoanalytical psychotherapy, lo provide psychotherapy at accessible fees, and to support ils membeTS in their professional live5. The Association has been active in the UK Council for Psychotherapy IUKCPI since ils inception, with leading roles played by AGIP members. AGIP accepts trainee5 from a variety of backgrounds, with no a priori bar on grounds of gender, sexual orientation, race, creed, educational background or physical disabilily. The courses attra¢l students who live out of London., those who may have the ability lo train, but lack formal qualrficalions., and older students often debarred from training elsewhere. The tTaining Is ecle¢tic, and 15 based on the principle of the personal synlhe5is of orienlalions. The courses are laughl al weekends enabling people with full time (c¢upalions lo allend. This year the Trust has also continued lo offer each clinical sludenl a book grant. AGIP 15 a mernbership organisalion, with a democralicalty elected Council as managing body. There are currently 100 members including trainees. Professional Members, who have qualified as independent praclilioners, are eligible lo register with the UK Council for Psychotherapy In offering psy¢hglherapy treatment. AGIP receives referrals from a variety of source5, including GPS, hospitals, word of mouth, and through the Fairbridge Clinic (see belowl. AGIP publicises the benefits of psycholherapy Ihrovgh appropriate publications and events, includin9 conferences and workshops foi the publi¢ and olher professK)nals, and through af1etS delailing AGIP'5 clinal facilities. In addition lo ils free use of the Trust headquarters. the Association receives a subslanlial annual donation from the Trust. The Fairbridge Clinic The Clinic was launched irs the Autumn of 1994 to provide reduced fee therapy for those on low income", il Is partly funded by a charitsble donation secured by the Trustees for this purpose and is administered by AGIP The Clinic fulfils an important function not only for p81ienls, but also for AGIP therapists In training, who receive lower fees in return for the opportLJnity lo work twice weekty over a subslanlial period of lime. Theiapisls working during the day in the Clinic are able lo use rooms free of charge. This conslilLJles a IuTther donation lo the Clinic of approximately £7,000 per annum. Recently the ¢linic has benefited from two generous donations rne by kn psychotherapy or9anisalh)ns that recently closed down - a very subslanlial donation from the Association ol Independent Psycholherapisls and the other seen as a reiTnbursement of a grant from the Trust lo the Cork Psychodynamic Inlegralive Gradvales Group, when it was sel up in 1994. International Attachment Network l.A.N.. lormerfy a seclion of the Trust, aims lo facililale the spread of knowledge and understanding ol Attachment Theory. and lo develop ils applications in fflany areas, including psyehiatry, psychotherapy, developmental psychopathology, paienl counselling, social work and social policy To thi5 end il holds monthly peer supervision groLJPS, and Saturday workshops, sometimes al the Trust Headquarters. The Trust has ¢onlinued lo enable the l.A.N. free use of ils premises for these actwilies. Baobab Centre The Baobab Centre is a non-iesidenlial Iherapeulic community that offers holistic support lo young survivors of human rights abuses seeking refuge in the UK. The Trust gave a donalx>n to enable the Iherapisls working with Baobab survivors lo have supervision ol their work. Pa9e 4
LADY BALOGH'S PSYCHOTHERAPY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng docurnent The charity is controlled by its governing document. a deed of tnjst and ctsn$litutes an unincorporated charty. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 267569 Prlnclpal address 1 Fairbridge Road London N193EW Trustees Tessa Henghes (Chairl, Child Psychotherapist Iretired}', daughter of Penebpe Lady Balogh. Jeremy Chase ITrgasurerl, Psychiatrist {retired). Dorothy HaMiOn (Hon. retary1. Psychoanalyti¢ Psychotherapist., Chair of AGIP and Honorary Fellow of the United Kingd¢)m Council for Psychotherapy. rirril Harris. Psychotherapist Ireliredl.. Honorary Research Fellow. Institute of Psychiatry. King's Colw. Universty of London,. daughter of Penekjpè Lady 8alogh. Desmond King. Chartered clinal Psychologist. Member of the Institute ol Group Analysi$, in privalg practice. Lawrencè Suss, AGIP Ireliredl professional member. Former Chair of AGIP. Coordin*or of AGIP Professional Elh¢es Committee. Caroline Hallett. AGIP professional member. Indepgndent Examlner Annette Walson PhD Bsc FfA Parkers Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ AppToved by order of the board of trustees on ... .. ............... ...................... and signed on its behaw by.. L A Suss- Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LADY BALOGH'S PSYCHOTHERAPY TRUST Independent examinerfs report to the trustees of Lady Balogh's Psychotherapy Trust report lo the charity Iiustees on my examination of the accounts of Lady Balogh's Psychotherapy Trust Ilhe Trust) lor the year ended 31st August 2025. Responsibilities and basis of report As the charily tiuslees of the Trust you are responsible for the preparation ol the accounts in accordance with the requirements of the Charrties Act 2011 (Yhe Acl'l. I repc>rt in respect of my examination of the Trust's accounts carried oul under Section 145 of the Act and in Carryi out my examination I have followed all applicable Dire¢lions given by the Charity commission under Se¢lion 1451Sllbl of the Act. Independent examiner's Statement I have c(¥npleled my examinalion. I confirm that no material mallers have come lo my allenlion in conneclK)n with the examination giving me cause lo believe that in any matefial respect.. a¢counling records wefe not kept in respect of the Trust as required by Section 130 01 the Act: or the accounts do not accord with those recoids.. or the accounts do not Comply with the applicable requirements Concerning the form and conlenl of accounts sel out In the Charities (A¢counls and Reports) Regulations 2008 other than any requirement that the accounts give a true and lair view which is not a maller ¢onsidered as part of an independent exarnination. I have no concerns and have come across no otheT matters in connection with the examination lo whh attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Annette Walson PhD Bsc FCA Parkers Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ Dale.. Page 6
LADY BALOGH'S PSYCHOTHERAPY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025 2025 Unrestrfcted fund 2024 Total funds Notes INCOME AND ENDOWMENTS FROM Oonations and legacies 130.158 108.419 Investment income 9.110 1,616 Total 139,288 110.035 EXPENDITURE ON Charltable activitles Rental of psychotherapy wnsulting room8 Fairbridg8 Clinic 85,448 37,960 $5.436 37.549 Total 123,408 92.985 Net gains on irwestments 683 22.236 NET INCOME 16,543 39,286 RECONCILIATION OF FUNDS Total funds brought forward 604.090 564,804 TOTAL FUNDS CARRIED FORWARD 620,633 604,090 The notes form part of these financial Statements Page 7
LADY BALOGH'S PSYCHOTHERAPY TRUST BALANCE SHEET 31ST AUGUST 2025 2025 Unrestricted fund 2024 Total fund5 Notes FIXED ASSETS Tangible assets Investments 305.396 42.101 305,396 41,418 347,497 346.814 CURRENT ASSETS Debtors Cash al bank 10,000 264.870 6,000 253,010 274,870 259,010 CREDITORS Amounts falling due within one year 11,7341 11,734) NET CURRENT ASSETS 273.136 257.276 TOTAL ASSETS LESS CURRENT LIABILITIES 620,633 604,090 NET ASSETS 620,633 604,090 FUNDS Unreslrtcled funds 620.633 604,090 TOTAL FUNDS 620,633 604,090 The financial stslemenls were approved by the Board ol Trustees and aulhorised for issue on and were spned on its behalf by.. L A Suss- Trustee The notes form part of Ihese financial statements Page 8
LADY BALOGH'S PSYCHOTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 ACCOUNTING POLICIES Ba8ls of preparlng the flnanelal statements The financial slalemenls of the charity, which is a public benefit enltty under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102} Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charf(ies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ropublic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Stsndard 102 The Financial Reporb'ng Standard applicable in the UK and Republic Df Ireland. and the Chari(ies Act 2011. The financial statements have been prepar¢d under the historical cost convention, with the eXptIon of investments which are irbduded al market value, as modified by the revaluation of certain a53els. Income All Income 1$ recognised in the Statemènt of Financial Acliwties once the charrty has enlillement to the funds, il is probable that the income wll be received and the amount can be measured reliab Expendlture Liabilities are recognised as expendituie a5 soon as IheTO is a legal or constructive obligation committing the chaity lo that eypendilure. il is probable Ihal a transfer of economic benefits will be required in settlement and the amount of the obl¢gation can be meassjred Teliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vvhere costs cannot be directly attiibuted to particular headings Iheyhave been allated lo activities on a basis consistent with the use of resources. Grants offered subject to Conditn$ which have not been met al the year end dale are noted as a commitment but not accrued as expenditure. Tangible fixed assets The freehold propety is included in the accounts at cost an¢J depreciation is not piovidod. Taxatlon The charity is exempl from lax on ts charitable aclivilies. Fund a¢UntIng Unreslricled funds be used in accordance with the charitable obieclives at the discret of the twstees. Restricted funds can only be used for particular restrieled purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are rak88d for particular restricted purposes. Further explanation of the nature and purpose of each fund i8 included in the note8 to the financi81 statements. Pension costs and other post-retirement benefits The charity operates 8 defined contribution pen$ion scheme. Contrfbulions payable lo the charity's pension heme a charged lo the Statement of Financial Acliwlies in the period to which they relate. Page 9 continued...
LADY BALOGH'S PSYCHOTHERAPY TRUST NOTESTO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST AUGUST 2025 INVESTMENT INCOME 2025 2024 Deposf( account interest 9,110 1,616 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneralion or other benefits for the year ended 31st August 2025 nor for the year ended 3151 August 2024. Trusteès, expenses There were no Iru51ees' expense5 paid for the year ended 31st August 2025 nor for the year ended 31st August 2024. TANGIBLE FIXED ASSETS Freehold Pfoperty COST Al 1 st September 2024 and 31 sl August 2025 305,396 NET BOOK VALUE At 31 sl August 2025 305,396 305.396 Al 31 sl August 2024 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1st September 2024 Revaluations 41,418 683 42.101 Al 3151 August 2025 NET BOOK VALUE Al 31st August 2025 42,101 41,418 At 31 sl August 2024 There were no investment assets outside the UK. Cost or valuation a131st August 2025 is represented by". Listtd investwnent 22,236 683 19,182 Valuation in 2024 Valuation in 2025 Cost 42.101 Page10 continued...
LADY BALOGH'S PSYCHOTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025 FIXED ASSET INVESTMENTS- continued If investhents had not been ievalued they would have been induded al the folknving hislorKal Cost.. 2025 2024 Cost 19.182 19,182 Fixed asset investments were valued on an open market basis on 31st August 202S by the relevant fund manager. DEBTORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 2025 2024 Other debtors Prepayments and accrued income 6,000 10,000 10,000 6,000 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Other creditors 1,734 1,734 MOVEMENT IN FUNDS Nel movement in funds Al 3118r25 At 119f24 Unrestrict8d funds General fund 604,090 16,543 620.633 TOTAL FUNDS 604,090 16.543 620,633 Net movement in funds. includa in the above are as follows.. Incoming resources Resources expended Gain$ and Movement losses tii funds Unrestrlcted funds General fund 139,268 1123,4081 16,543 TOTAL FUNDS 139,268 1123,4081 683 16.S43 Page11 continued...
LADY BALOGH'S PSYCHOTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST AUGUST 202S MOVEMENT IN FUNDS - continued Comparatives for movement in funds Nel movement in funds Al 3118124 At 119123 Unrèstricted funds General fund 564,804 39.286 604,090 TOTAL FUNDS 564,804 39,286 604.090 Compaialive nel movement in funds, included in the above are as follcws.. Resources expended Incoming resources Gains and losses Movement In funds Unrestri¢ted funds General fund 110,035 192,985} 22,236 39.286 TOTAL FUNDS 110,035 192,9851 22.236 39,286 A current year 12 monlhs an¢J prior year 12 months combined posilK)n is as follows.. Nel movement in funds Al 3118125 Al 119123 Unrestricted funds General fund 564,804 55,829 620,633 TOTAL FUNDS 564,804 55,829 620.633 A current year 12 months and prior year 12 months Combin net movement in funds, included in the atx)ve aTe as follows.. Incomin9 resource5 Resources expended Gains and losses Movement in funds Unrestricted funds General fund 249.303 {216,3931 22,919 55.829 TOTAL FUNDS 249.303 1216,3931 22,919 55,829 Page 12 continued...
LADY BALOGH'S PSYCHOTHERAPY TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST AUGUST 2025 RELATED PARTY DISCLOSURES Th$re were no lated party Iransaciions for the year ended 315t August 2025. pa 13