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2024-07-31-accounts

Company number: 01499655 Charity number: 280942 OSCR number: SCO40468

The Institute of Group Analysis

Report and financial statements For the year ended 31 July 2024

The Institute of Group Analysis

Contents

For the year ended 31 July 2024

Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 2 Independent auditor’s report ....................................................................................................... 17 Statement of financial activities (incorporating an income and expenditure account) ................... 22 Balance sheet ............................................................................................................................... 23 Statement of cash flows ................................................................................................................ 24 Notes to the financial statements ................................................................................................. 25

The Institute of Group Analysis

Reference and administrative information

For the year ended 31 July 2024

Company number 01499655 Country of incorporation United Kingdom Charity number 280942 Country of registration (England & Wales, and Scotland) OSCR number SCO40468 Registered office and 1 Daleham Gardens operational address London NW3 5BY Trustees The trustees, who are also directors under company law and served during the year up to the date of this report, were as follows: Ms Sharon Hannah, Chair Dr Chris Scanlon Vice Chair and Membership officer, resigned September 2024 Dr Anne Aiyegbusi, resigned March 2024 Mr Desmond King, UKCP representative Dame Professor Clare Gerada, resigned November 2024 Ms Sally Ann Bild, Membership officer Ms Marilyn Marie Kedwards Ms Susan Marie Wallace Mr Matthew Rich-Tolsma Ms Julie Lamirel, elected November 2023 Ms Marilia Aires, elected May 2024 Ms Angela Douglas, resigned January 2024 Bankers The Co-operative Bank COIF 1 Balloon Street 80 Cheapside Manchester, M60 4EP London, EC2V 6DZ Solicitors Bevan Brittan Fleet Place House 2 Fleet Place London, EL4M 7RF Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

The trustees hereby present their report along with the audited financial statements for the year ending 31 July 2024.

The reference and administrative information outlined on page 1 is an integral part of this report. The financial statements adhere to current statutory requirements, the Memorandum and Articles of Association, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP, applicable to charities preparing their accounts in accordance with FRS 102. Additionally, this report has been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Objectives and activities

Purposes and Aims

The Institute serves as the primary training and membership organisation for Group Analysis in the UK. Established in 1971, it initially operated as part of the Trust for Group Analysis and was later incorporated on 3rd June 1980 as a company limited by guarantee and without share capital. The Institute functions under a Memorandum of Association, outlining its objects and powers, and is governed by its Articles of Association.

As stated in the Memorandum of Association, the principal purpose of the Institute is:

'The object of the Institute is to promote the preservation of mental health and to relieve those persons suffering from mental health disorders or conditions of emotional or mental distress and who are in need of treatment' (amended 2018).

The IGA's overarching goals include training individuals in the application of group analysis, form of group psychotherapy, as well as its psychosocial and organisational applications. This is achieved through the provision of training courses and continuing professional development (CPD) for its members. Additionally, the Institute aims to educate society about group analysis.

The IGA's membership consists of Full Members and Associate Members. Full Members are group analysts who have completed the IGA’s Qualifying Course in Group Analysis. Associate Members, on the other hand, have completed theoretical and applied training in Group Analysis, enabling them to apply Group Analytic theory and principles in psychotherapeutic, educational, and organisational settings. This category also includes individuals who have received group training elsewhere, subject to approval by the IGA.

Group analysis is a powerful therapeutic approach that focuses on the relationship between the individual and the group, highlighting the inherently social nature of human experience. As a treatment method, it recognises that emotional, behavioural, and psychological phenomena often arise within the context of social groups. Carefully structured analytic groups have a longestablished history of helping individuals address personal challenges and foster personal growth.

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

Our philosophy is grounded in the belief that, because personal difficulties often stem from social relationships, groups provide an ideal environment to explore, understand, and work toward resolving them.

The group analytic approach has significant implications for group work and organisational practices across a wide range of health, social, and educational settings. Its applications are diverse, encompassing work with groups such as refugees, homeless and displaced individuals, victims of domestic violence, church communities, and those in forensic settings. Additionally, it informs leadership practices, organisational dynamics, and enhances our understanding of the interactions and relationships that shape our lives within organisations and society.

Each year, the trustees conduct a thorough review of the charity's aims, objectives, and activities. This report evaluates the charity's achievements and the outcomes of its work during the reporting period. The trustees assess the success of key activities, and the benefits delivered to the target groups, ensuring that the charity's aims, objectives, and activities remain aligned with its stated purposes.

As part of this review, the trustees refer to the Charity Commission's general guidance on public benefit. They carefully consider how planned activities contribute to the charity's aims and objectives, ensuring they align with its overarching purpose.

Strategic report

The charity's primary activities and target beneficiaries are outlined below. All charitable efforts are undertaken with the overarching goal of advancing The Institute of Group Analysis's charitable purposes for the public benefit.

IGA’s STRATEGIC AIMS FOR 2023-2025

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

Following the stabilisation of the managerial team, now known as the Business Management Team (BMT), the team has worked closely with the board throughout the year. The BMT has met weekly to address operational issues and make business decisions. Initially chaired by the Chair of the Board, the BMT is now co-chaired by the Honorary Treasurer and Honorary Secretary. Earlier in the year, the Business Development Team (BDT) was dissolved, as business development opportunities are now discussed within the BMT meetings.

The BMT consists of the Chief Operating Officer, the Training and Centre Manager, the Head of Training, the Honorary Treasurer, the Honorary Secretary, and the Chair of the Board. This structure has proven effective, particularly following the decision not to replace the Executive Director post in 2021. However, challenges persist concerning the workload of both the board and senior staff. As a result, a major review of the administrative team was conducted with the Board Officers, which included regular meetings, both in person and online.

This year has presented challenges on several fronts, particularly with regard to the Strategic Aims, mainly due to the restructuring of the London Office team. Significant time and resources have been invested in developing the organisation's IT systems to ensure they are fit for the training courses and events at Daleham Gardens. Further investment is needed to support a secure hybrid option.

We plan to meet with our training partners to discuss the progress of the training provider agreements, ensuring they remain effective while strengthening and maintaining these important relationships. Progress continues to our decolonisation efforts, with a working group within the training community critically reviewing and modernising our offerings through a decolonised lens.

In addition, we have been preparing documentation and presenting the organisation's processes to the UKCP for the Quinquennial Review, with feedback received after the summer break. One of our key aims this year has been to re-engage with our membership and students. A membership forum has been created, with further details provided in the membership section. Board members have also attended graduation ceremonies to connect with new graduates.

Our activities include:

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

Providing Training in Group Analysis

The IGA’s core training in group analysis provides courses at three consecutive levels – Foundation, Diploma and Qualifying - leading to qualification as a Group Analyst and full membership of the IGA. Courses take place in London and at several locations in England and Scotland (Glasgow, Manchester, York (until July 2023), Turvey, Oxford and Brighton.). The IGA has professional links overseas with other group-analytic organisations through its International Courses Committee, the European Group Analytic Training Network (EGATIN) and the European Federation of Psychoanalytic Psychotherapy Organisations (EFPP) and its Group Modality Section.

Group-analytic training programmes In the UK are delivered either directly by the IGA or through independent partner organisations. Those organisations pay a modest contribution towards IGA central administrative costs and the employment by the IGA of a Head of Training, as part of a national policy agreement.

Our registering body, the UKCP, conducted its Quinquennial Review of our UKCP membership. During the review, they commended several aspects of our training, including the trainee handbooks, the qualifying process through the Panel of Readers, and the training itself.

Our Qualifying Training is accredited by the United Kingdom Council of Psychotherapy (UKCP), and staff dedicated much of the year to preparing for the Quinquennial Review of our training standards. The review visit took place on Saturday, 11 November 2024, and their draft report was delivered a few days before the end of the year under review.

The Foundation Courses attracted 120 students across the country in 2023-4. There were 37 on the Diploma Courses and 32 on The Qualifying Courses, a total of 189.

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

We are seeking to maintain or increase student numbers on all our courses and therefore aim to grow the number of qualified group analysts practising in the UK. Our training courses ensure that those who successfully complete them and practise as group analysts are competent and safe. Group analysts work in a range of settings and with people who are often vulnerable as they are experiencing psychological and interpersonal difficulties. High quality training ensures that these professionals can treat and support their patients effectively. We will continue to provide financial bursaries to students to enable them to join our courses, and information for the public about group analysis and its benefits.

Post Qualification training courses

In addition to our core trainings, we continue to offer two well-established advanced courses the Diploma in Group Supervision (for IGA members and appropriately qualified clinicians from other professional backgrounds) and the Diploma in Reflective Practice in Organisations (RPiO).

We have continued to provide training courses to people from a variety of backgrounds and structured our portfolio of training programmes to enable students who are already working with groups but who do not wish to become clinically qualified group analysts to access and complete our Foundation Courses. Instead of applying immediately to continue their learning on our Diploma and Qualifying courses, they may wish to create a break in their developmental journey. This flexibility in course structure enables students to take responsibility for their own learning and to access training during times in their life when that training is most relevant and necessary.

Bespoke Training

We will consider properly budgeted and contracted employer requests for our core training to be offered in-house on a bespoke basis, although we do not have the resources to undertake initial design or organisational consultancy unrelated to our core offerings. Bespoke delivery of our core training feeds and seeds our open training courses, making employers more likely to send trainees on them, although employer sponsorship is now much less common than it used to be. During this year we were successful in achieving with partners a successful bid for Reflective Practice Training on in-patient Wards in 180 NHS Trusts across England. This is for delivery in 2024-5, although the initial instalment for preparatory work was paid in this financial year.

The Future of Group Analytic Training

Following publication of the Decolonising the Curriculum and Othering Reports the Board established a joint review with our training community to conduct a deep dive into all our training with a view to ensuing their fitness for purpose for the future in the light of all the different forces for change such as financial, market, technological psycho-social and political pressures. This task force is meeting monthly, and its work is expected to take at least two years.

At the same time, significant innovation is taking place all over the IGA network, with new courses, new designs and new methods of delivery being explored. Manchester and London have both

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

commissioned curriculum development convenors to research, develop and propose future course offerings.

Membership Committee

In the past 18 months, we have set up a formally constituted membership committee, comprising Sally Bild, Membership officer, Desmond King, Chris Scanlon, Dennis Czech and Brigid Morris, along with Shelley Bennett, our membership administrator, who was appointed in October 2023.

Over the past year we have focussed on opening discussions with the wider membership about the direction of the organisation, with the introduction of bi-monthly membership forum. These have been online and have been well attended. Between 33 and 38 members have attended the first three sessions and discussions have been lively. We have been encouraging members to think about the events they would like to hold, both on-line and in person.

An important focus of the committee has been on putting in place robust policies and procedures in relation to CPD, reaccreditation and return to practice, as these have needed to be updated. This has been made possible by the recruitment of Shelley. The next step will be to update the member’s handbook on the website. We have also been considering the situation regarding IGA members without an accrediting body, to work out how we might mitigate the risk of liability for members.

Events Committee

The Events Committee has been re-established, with Sue Wallace serving as Chair and Sharon Hannah, Sally Bild, Marilyn Kedwards, and Sam Evans as members. We offer professional development courses for members enabling them to deepen their understanding and knowledge of group analysis. This, in turn, enhances the quality of care they provide to their patients. Additionally, we have developed a programme of events open to the public and professionals outside the field of group analysis, highlighting the broader relevance of group analysis. The newly reformed Events Committee is eager to hear ideas from members to ensure a creative and engaging programme of events that supports continuing professional development.

IGA Premises and Building Management

Repairs for the damage caused by the subsidence, which began in August 2023, lasted well into the autumn, significantly disrupting the operations of IGA. The IGA premises returned to normal at the beginning of 2024. However, the closure had a negative impact on our revenues. With the support of Bright HR employment and safety advisors, we have started implementing the required changes to our health and safety procedures. We are confident that these measures, along with planned HR changes, will lead to substantial improvements in the safety and working environment at the IGA.

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

Our Psychotherapy Referral Service

This service is now administered through an online group as previously mentioned.

Promotion of Group Analysis

We seek to promote groups as a treatment for those with psychological difficulties and encourage its provision within the range of psychological therapies and psychosocial interventions available on the NHS. We also promote groups as a medium for self-exploration, not necessarily just for the alleviation of distress, but for self-development and personal growth.

Future

Our organisation is undergoing significant transformation. To support this evolution, we have restructured our internal framework, ensuring effective leadership and a strong governance model. A key milestone in this process has been the appointment of a Chief Operating Officer and the restructuring of the Training and Centre Manager roles. These changes are designed to enhance operational efficiency and reinforce our commitment to excellence. Moving forward, our priority remains the establishment of a robust business model that aligns with our renewed strategic aims, providing a solid foundation for informed decision-making across all subcommittees.

A crucial focus will be the promotion of our core activities, underpinned by clearly defined objectives for each subcommittee within the organisation. We are dedicated to fostering creativity and innovation in developing new courses that cater not only to those new to IGA-UK but also to our existing members. The expansion of online learning opportunities will be instrumental in increasing accessibility, enabling participation from across the UK and internationally.

In parallel, we recognise the need for continuous evaluation and diversification of our training offerings. Our goal is to extend our reach beyond clinical perspectives, incorporating a broader focus on organisational and community-based work. This approach will be guided by a commitment to decolonisation, ensuring that our training remains inclusive and reflective of diverse experiences. To support this, we are dedicated to making our programmes accessible to trainees from underrepresented backgrounds, with region-specific bursaries and national financial support from benefactors playing a key role in fostering inclusivity.

In response to the evolving needs of our members and trainees, we have also strengthened our membership services. The newly reformed Membership Committee now plays a vital role in overseeing the governance of members’ work, working closely with the Events Committee to enhance engagement. These committees are actively listening to our membership, ensuring that our offerings align with their needs and aspirations. A series of workshops and events—both inperson and online—are being planned to facilitate professional development and strengthen our group analytic community.

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

The ongoing work of decolonising our training curriculum and the organisation as a whole remains a cornerstone of our long-term strategy. We are committed to creating an environment where diverse perspectives are valued and where all members feel seen, heard, and supported. Through these collective efforts, we aim to position IGA-UK as a forward-thinking and inclusive organisation, equipped to navigate the challenges and opportunities of the future.

We recently underwent a review by the UKCP, and their findings have been shared with us. These five-yearly reviews require significant effort from all our staff and volunteers serving on committees. Despite the challenges, they provide invaluable opportunities for self-reflection and external evaluation. Once the board discusses the findings at the next meeting, we will engage with the UKCP to determine the best way forward and ensure our members have a clear understanding of our position.

The completion of the building works in January 2024 was a major relief to all involved. The review of the room bookers' contracts has led to the decision to carry out necessary work each August, ensuring the comfort and safety of all who use the building.

Financial Review: Financial Year Ending July 2024

This financial review provides an overview of the Institute of Group Analysis’ (IGA) financial performance for the fiscal year ending July 2024. It highlights key financial indicators, contextual challenges, and expenditures’ management.

Economic and Operational Challenges

The fiscal year posed notable challenges for the IGA, driven by a combination of external and internal factors:

Decreased Sponsorship: A decline in sponsorships from NHS and other similar organisations has reduced the number of students coming from them and has impacted the income from training

programs.

Cost-of-Living Crisis: The ongoing economic challenges reduced the ability of students privately registering to our courses at previous levels, further constraining training income.

Building Works: Operational disruptions due to building subsidence work during the first half of the financial year led to reduced course enrolments and revenue generation.

Income Overview

Total income for the fiscal year was £519,939, a decrease from the prior year’s income of £589,149. Key income streams were as follows:

Training Income: £328,034 (2023: £394,313), reflecting a reduction in enrolments due to the challenges noted above.

Membership Subscriptions: £127,568 (2023: £132,733), a slight year-over-year decline due to a decrease in membership.

Hall Hire Income: This revenue stream decreased due to the temporary closure of the building subsidence work, limiting availability for external hires.

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

Donations: A reduction in donations received further impacted overall income as we have received legacy funds in the previous years which were not matched this year.

Workshops and Other Income: In contrast to the above, workshop income showed an encouraging increase compared to the previous year, providing a modest offset to declines in other areas.

Expenditure overview

The largest increase in expenditure was attributed to staff and recruitment costs, driven by the filling of vacant posts from the previous year and salary adjustments for training staff. Courses and workshop-related expenses saw a notable decrease due to fewer courses being run compared to the previous year. This was further impacted by adjustments to course structures to account for reduced participant numbers.

Occupancy costs increased during the year, primarily due to rising utility and maintenance costs in the face of higher energy prices. Additionally, substantial renovation and refurbishment were done through the year contributing to the overall increase.

Office expenses reflected improved cost control, with reductions in spending on supplies and general administrative expenses. There was also a decrease in legacy-funded projects, indicating a significant reduction in spending on designated legacy initiatives. This decline is attributed to the completion of several projects in the previous year.

Deficit Analysis

The combined figures for restricted, designated, and unrestricted funds reveal a total operational deficit (excluding investment movements) of £95,576 for the year, compared to £60,621 in 2023. This increase in deficit underscores the financial pressures faced during the current financial year. The operational deficit as described above was £97,766 compared to a deficit of £9,826 in 2023.

Restricted funds

Bursaries and Courses

We have observed a significant increase in bursaries awarded this year, totaling £8,000, compared to £3,500 in 2023. These bursaries were funded by contributions from Vivienne Cohen, Ronald Casson, Dennis Brown, and Marisa Dillon Weston funds and were allocated to support students enrolled in the Foundation course in London and Scotland, as well as the Diploma and Qualifying courses in London. Additionally, we provided two full scholarships and three half-scholarships for Foundation course students, along with two full scholarships for Diploma course students, reflecting our commitment to making education accessible to a broader range of students.

The administration of the Scotland Foundation course continued to be overseen by our office this year, with the associated income and expenditure reflected in our financial accounts. Looking ahead, we will maintain the management of the Scotland Foundation course for the upcoming year. Meanwhile, Brighton will start independent management of their courses under the new IGA course providers agreement.

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

Investments

In the current fiscal year, the unit value of the equity funds investment experienced a significant increase by the end of the financial year, resulting in a gain of £53,645. We acknowledge the associated risks tied to their values, especially considering potential shifts in the economic circumstances of the country, and we remain vigilant about monitoring the progress of these funds.

Fundraising

The IGA does not engage in public fundraising and does not use professional fundraisers or commercial participants. Nevertheless, it observes and complies with the relevant fundraising regulations and codes. During the year there was no non-compliance with these regulations and codes and the Institute received no complaints relating to its fundraising practice. Therefore, we are not registered with the fundraising regulator but would follow relevant guidelines and codes should we conduct fundraising among our members or make approaches to grant-making bodies in the future.

Finance Committee

In the fiscal year 2023-24, the Finance Committee convened on five occasions. The committee continues to benefit from the financial expertise of lay member Mr. John Kinder, and we express our gratitude for his valuable guidance. The committee comprises the Honorary treasurer as chair of the committee, Chair of the IGA board, and the Finance and Business Manager. The Finance and Business Manager is responsible for generating and supplying financial information and updates to committee members and actively participates in their decision-making processes. All decisions taken by the Finance Committee are subsequently ratified by the Board of Trustees.

Principal risks and uncertainties

The primary risks re-examined in 2023-24 focused on financial sustainability, notably concerning income reductions resulting from low student recruitment numbers and sluggish membership growth. Additionally, the Board recognised the pressing necessity to rejuvenate and restructure existing committee frameworks, and to establish continuity in Board participation for the organisation's future.

Operational responsibilities undertaken by the Chair and all Board members are subject to regular review during Board meetings. The Board consistently discusses interim measures and addresses the viability of leadership roles to ensure the effective functioning of the organization.

Reserves policy and going concern.

As the primary source of income for the IGA is derived from training courses, which can be uncertain on a yearly basis, and a substantial portion of its expenditure is fixed (comprising salaries and training costs), the trustees have established that the level of free reserves should be maintained at

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

a minimum of 6 months' expenditure. For the fiscal year 2023-24, this translates to an ideal level of free reserves around £325,000.

On July 31, 2024, the general unrestricted fund stood at £683,569. However, this includes various assets, with some tied up and not readily accessible. Free reserves are intended to be a close approximation to cash and easily liquidated investments that the IGA could use to support cash flow if necessary. To calculate this, the tangible fixed asset portion of the general unrestricted reserve fund is excluded. Therefore, as of July 31, 2024, our free reserves amounted to £474,651 (compared to £506,926 in 2023). The decrease in free reserves from the previous year is attributed to the deficit in this financial year.

The trustees have thoroughly assessed the cash flow requirements for a period of at least 12 months from the date of approving the annual report and accounts. They are confident that there are no material uncertainties concerning the charity's financial position, affirming its status as a going concern for at least 12 months from March 2025.

While free reserves now exceed the six months' expenditure benchmark at year-end, it remains imperative for the IGA to enhance its financial performance, increasing free reserves beyond the six months' expenditure threshold, as free reserves can fluctuate during the year, and the current situation has proven to be unpredictable.

The Finance Committee and Board will monitor progress every four months when termly accounts are produced. Any adjustments to this policy will be deliberated by the Board towards the conclusion of the 2024-24 financial year.

Plans

The primary challenge for the 2024-25 fiscal year will be ensuring financial sustainability, given the ongoing low student intake and sluggish membership growth, which continue to impact revenue from membership fees. While the successful launch of the RPIO bespoke training program for NHSE provides some additional revenue, it falls short of fully addressing these challenges.

Projections for 2024-25 indicate a reduced but still significant year-end deficit of £57K. Although our general reserve fund can cover this shortfall, we are actively implementing mitigation strategies focused on long-term solutions to address declining student recruitment. At the same time, targeted measures will be taken to minimise the projected budget deficit.

Despite these obstacles, the IGA maintains a secure and acceptable financial position, enabling us to proceed with strategic investments across key developmental areas essential for modernising our operations and programs. Plans include:

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

Additionally, the recent upgrades to our IT systems have proven highly beneficial, significantly enhancing communication and collaboration among staff, board members, and committees. These advancements have positioned the IGA to improve operational efficiency and better meet the evolving needs of its community. Moving forward, we will begin investing in a new hybrid audiovisual system, as the current system has not been functioning reliably, to further support the delivery of high-quality training and meetings.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 3 June 1980, and registered as a charity on 22 September 1980.

Established under a Memorandum of Association that outlines its objectives and powers, the organisation operates in accordance with its Articles of Association.

All trustees contribute their time voluntarily and do not receive any benefits from the charity. Any expenses reclaimed by trustees are transparently detailed in the notes to the accounts, ensuring accountability and openness.

The Board of Trustees works in close collaboration with the Business Management Team to support staff, committees, and members. Day-to-day management and administration of the IGA are delegated by the trustees to Board officers and senior employed staff. Executive oversight is provided by the Chair, Honorary Treasurer, and Honorary Secretary, who work directly with the Business Management Team. This team now includes the newly promoted Chief Operating Officer, the Head of Training, and the Training & Centre Manager. Operational responsibilities previously undertaken by the Chair and other Board members have been transitioned to senior managers, who are supported by appropriate Board members and professional development training to ensure their success.

As highlighted in last year’s report, the organisation now has an Honorary Secretary. This addition strengthens governance oversight and contributes to the improvement of the IGA’s organisational structure, enhancing its ability to meet its strategic objectives.

Appointment of trustees

Trustees are appointed in accordance with the IGA’s Articles of Association. Special Resolutions were unanimously passed at the 2021 AGM to address confusion regarding the Chair Elect, Chair, and Vice Chair positions within the Articles of Association, establishing a clear system of succession for these chairing roles. A new position, Past Chair, was introduced at the 2021 AGM. According to Article 14, board members are elected by the Institute's members for a term of 3 years, with a maximum service period of 6 years. A subsequent amendment to clause 15.3 was approved at the

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

2022 AGM, removing the requirement for Board approval for all Board nominations. The Articles also provide for the election of non-members of the IGA as trustees. A further revision, addressing the use of gender-specific language in the Articles, was successfully passed at the 2021 AGM.

Trustee induction and training

Newly appointed trustees are sent an information pack which contains information about their responsibilities as Trustees, the IGA’s Memorandum and Articles of Association and other key documents. Where the trustee is not a member of the IGA, they are also sent the Members’ Handbook and Annual Report which gives an overview of the IGA’s activities. New trustees for 2024 also attended a briefing session with the full Board so that everyone could be updated about Trustee responsibilities and procedures and gradually learn about how the IGA functions as an organisation to make informed decisions on governance and strategy. Training in the use of IGA IT member Microsoft accounts for emails, Teams meetings and secure files storage is also intended for 2024 Board induction.

Related parties and relationships with other organisations

The IGA, as an organisational member of the UKCP, facilitates the accreditation of Foundation, Diploma, and Qualifying Course trainings offered by independent groups across the country. These affiliations were formalised through the introduction of Training Provider agreements, which have proven effective throughout the year. Each related training organisation is represented on the IGA’s National Training Advisory Committee (NTAC), chaired by the Head of Training and meeting monthly. The Board of Trustees also holds regular drop-in sessions with the NTAC. Our continued relationship with GASi involves them renting rooms from IGA, an arrangement planned to continue for one more year (SHARON TO UPDATE). Discussions have initiated regarding the King’s Fund Library, which we share with GASi.

The IGA is a training organisation member of the UKCP, a member of EGATIN, an affiliate member of the British Psychoanalytic Council, and actively participates in the global advancement of group analysis. Our International Courses Committee collaborates with local organizers and course directors in Albania, Bangalore, Moscow, and Rwanda to conduct IGA-approved courses. Support for group analytic supervision training in St. Petersburg is provided through the Biddle Fund.

The Institute occupies the ground floor of 1 Daleham Gardens, holding a 55% share of the freehold jointly purchased with the Society of Analytic Psychology in 1982. Both parties enjoy a 57-year remaining lease from the joint freeholders.

Remuneration policy for key personnel

The IGA conducts an annual pay review in July. Factors considered in determining the level of any increase include the charity’s financial performance, the living wage, the retail and consumer price indexes, and a comparison with other pay settlements. Any increase is uniformly offered to all employees as a percentage of their salary.

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

Statement of responsibilities of the trustees

The trustees, also serving as directors of The Institute of Group Analysis for company law purposes, are tasked with preparing the trustees’ annual report, which includes the strategic report and financial statements, in compliance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Under company law, the trustees are obliged to prepare financial statements for each financial year that provide a true and fair view of the charitable company's incoming resources, application of resources, including income and expenditure, for that period. In the preparation of these financial statements, the trustees are required to:

To the best of the trustees' knowledge:

There is no relevant audit information of which the charitable company’s auditor is unaware. The trustees have undertaken all necessary steps to be informed of any relevant audit information and to confirm the auditor's awareness of that information.

The trustees bear responsibility for the maintenance and integrity of the corporate and financial information displayed on the charitable company's website. It is important to note that legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. As of July 31, 2024, the total number of such guarantees was 12 (compared to 11 in 2023). While the trustees hold membership in the charity, this membership grants them solely voting rights, and they do not possess any beneficial interest in the charity.

Auditor

Sayer Vincent LLP was appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity.

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The Institute of Group Analysis

Trustees’ annual report

For the year ended 31 July 2024

The Trustees annual report has been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

The report has been approved by the trustees on 21 March 2025 and signed on their behalf by

Sharon Hannah

Chair, Board of Trustees

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Independent auditor’s report

To the members of

The Institute of Group Analysis

Opinion

We have audited the financial statements of The Institute of Group Analysis (the ‘charitable company’) for the year ended 31 July 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern.

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on The Institute of Group Analysis' ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

17

Independent auditor’s report

To the members of

The Institute of Group Analysis

Other Information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

18

Independent auditor’s report

To the members of

The Institute of Group Analysis

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

19

Independent auditor’s report

To the members of

The Institute of Group Analysis

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

20

Independent auditor’s report

The Institute of Group Analysis

To the members of

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Judith Miller (Senior statutory auditor)

22 April 2025

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

21

The Institute of Group Analysis

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 July 2024

For the year ended 31 July 2024
Income from:
Hall hire
Investments
Educational activities
Reconciliation of funds:
Charitable activities
Total expenditure
Net income / (expenditure) before net
gains / (losses) on investments
Training activities
Expenditure on:
Institute subscriptions
Other trading activities
Total income
Charitable activities
Workshops and other incomes
Donations and legacies
Net gains / (losses) on investments
Net income / (expenditure) for the year
Transfers between funds
Total funds carried forward
Net movement in funds
Total funds brought forward		 General
Designated
£
£
-
-
127,568
-
296,679
4,486
17,167
-
29,607
-
-
-
Unrestricted		 Restricted
£
15,776
-
26,869
-
-
1,787		 2024
Total
£
15,776
127,568
328,034
17,167
29,607
1,787		 General
Designated
£
£
17,345
-
132,733
-
369,477
-
2,320
-
31,493
-
-
-
Unrestricted		 Restricted
£
9,000
-
24,836
-
-
1,945		 2023
Total
£
26,345
132,733
394,313
2,320
31,493
1,945
471,021 4,486 44,432 519,939 553,368 - 35,781 589,149
568,787 13,441 33,288 615,515 563,194 50,466 36,110 649,770
568,787 13,441 33,288 615,515 563,194 50,466 36,110 649,770
50,778
(97,766)		 -
(8,955)		 2,867
11,145		 53,645
(95,576)		 4,535
(9,826)		 -
(50,466)		 (767)
(329)		 3,768
(60,621)
(46,988)
-		 (8,955)
-		 14,012
-		 (41,931)
-		 (5,291)
(12,200)		 (50,466)
12,200		 (1,096)
-		 (56,853)
-
(46,988)
1,277,797		 (8,955)
37,817		 14,012
64,436		 (41,931)
1,380,050		 (17,491)
1,295,288		 (38,266)
76,083		 (1,096)
65,532		 (56,853)
1,436,903
1,230,809 28,862 78,448 1,338,119 1,277,797 37,817 64,436 1,380,050

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 18 to the financial statements.

22

The Institute of Group Analysis

Balance sheet

Balance sheet
As at 31 July 2024 Company no. 01499655
Note
Fixed assets:
10
12
Current assets:
13
Liabilities:
18
Total unrestricted funds
Restricted income funds
Unrestricted income funds:
Designated funds
Revaluation reserve
The funds of the charity:
Total net assets / (liabilities)
Debtors
Creditors: amounts falling due within one year
Net current assets / (liabilities)
Investments
Cash at bank and in hand
Tangible assets
Endowment funds
General funds
Total charity funds		 £
£
756,158
567,846
1,324,004
14,489
138,445
152,934
(138,819)
14,115
1,338,119
35,973
42,475
28,862
547,240
683,569
1,259,671
1,338,119
2024		 £
£
770,871
514,202
1,285,073
25,887
243,160
269,047
(174,070)
94,977
1,380,050
33,106
31,330
37,817
547,240
730,557
1,315,614
1,380,050
2023
1,324,004
14,115		 1,285,073
94,977
152,934
(138,819)		 269,047
(174,070)
28,862
547,240
683,569		 37,817
547,240
730,557
1,338,119 1,380,050
35,973
42,475
1,259,671		 33,106
31,330
1,315,614
1,338,119 1,380,050

Approved by the trustees on the 21 March 2025 and signed on their behalf by:

Sharon Hannah Chair, Board of Trustees

23

The Institute of Group Analysis

Statement of cash flows

For the year ended 31 July 2024

Reconciliation of net income / (expenditure) to net cash flow from operating activities

(as per the statement of financial activities)
Decrease / (increase) in debtors
Net cash (used in) operating activities
Net (expenditure) for the reporting period
Net cash provided by / (used in) investing activities
Depreciation and amortisation charges
(Gains) on investments
Dividends, interest and rent from investments
(Decrease) in creditors
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of fixed assets
Proceeds from sale of investments		 £
£
(41,931)
16,587
(53,645)
(1,787)
11,398
(35,251)
(104,629)
1,787
(1,874)
-
(87)
(104,715)
243,160
138,445
2024		 £
£
(41,931)
16,587
(53,645)
(1,787)
11,398
(35,251)
(104,629)
1,787
(1,874)
-
(87)
(104,715)
243,160
138,445
2024		 £
£
(56,853)
16,418
(3,768)
(1,945)
(12,345)
(11,225)
(69,718)
1,945
(1,549)
5,000
5,396
(64,322)
307,482
243,160
2023		 £
£
(56,853)
16,418
(3,768)
(1,945)
(12,345)
(11,225)
(69,718)
1,945
(1,549)
5,000
5,396
(64,322)
307,482
243,160
2023
1,787
(1,874)
-		 1,945
(1,549)
5,000
(104,715)
243,160		 (64,322)
307,482
138,445 243,160

24

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

1 Accounting policies

The Institute of Group Analysis is a charitable company limited by guarantee and is incorporated in England and Wales.

The registered office address and principal place of business is 1 Daleham Gardens, London, NW3 5BY.

b) Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (September 2015) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The charitable company meets the definition of a public benefit entity under FRS 102.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Institute subscriptions

The membership year runs from January to December and subscriptions income is recognised in the Statement of Financial Activities on a time apportioned basis. The unearned subscriptions at the year end are included in creditors: amounts falling due within one year.

Courses and similar income

Courses and similar income receivable and charges for services and use of premises are accounted for in the period in which the service is provided.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

g) Fund accounting Restricted and endowment funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Endowment funds are maintained at their capital value with any income generated being used for purposes specified by the donor.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

h) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure on charitable activities includes the costs of providing high quality training in group analysis, providing membership services for group analysts and running workshops and events for members as well as other activities undertaken to further the purposes of the charity and their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

25

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

1 Accounting policies (continued)

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Activity costs are apportioned between charitable activities on the basis of staff time spent on providing activities.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

j) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

The last revaluation of the IGA's property was done in January 2021, and had resulted in a gain of £200,000. The property revaluation is done every 5 years and the charity does not think there is any change in the value of the property in this short period of time. Therefore, the property value remains the same.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

1/3 on straight line basis

10% on reducing balance

l) Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/(losses) on investments” in the statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments.

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

q) Pensions

The charity operates a defined contributions pension scheme in Scottish Widows group pension scheme for the benefit of participating employees and the pension charge represents amounts payable by the charity to the fund in respect of the year. The assets of the scheme are held separately from those of the Charity in an independently administered fund. There were no outstanding or prepaid contributions at the year end.

26

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

For the year ended 31 July 2024
2
3
Workshop and other incomes
Training activities
Income from investments
Listed investments
Total income from charitable activities
Income from charitable activities
Membership subscriptions		 Unrestricted
£
127,568
296,679
17,167		 £
-
26,869
-
Restricted		 2024
Total
£
127,568
323,548
17,167		 Unrestricted
£
132,733
369,477
2,320		 £
-
24,836
-
Restricted		 2023
Total
£
132,733
394,313
2,320
441,414 26,869 468,283 504,530 24,836 529,366
Unrestricted
£		 £
1,787
Restricted		 2024
Total
£
1,787		 Unrestricted
£
-		 £
1,945
Restricted		 2023
Total
£
1,945
- 1,787 1,787 - 1,945 1,945

27

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

Basis of
allocation
Staff cost (Note 6)
Staff time
Expenditure on courses and workshops
Direct
Staff recruitment and training
Direct
Occupancy costs
Usage
Audit and accountancy
Direct
Legal expenses
Direct
Depreciation
Usage
Office expenses
Usage
Library costs
Direct
Legacy fund projects
Direct
Other Restricted funds
Direct
QMMAC and training expenses
Direct
Bursaries and prizes
Direct
Support costs
Governance costs
Total expenditure 2024
Total expenditure 2023		 Education
services
£
265,425
130,025
3,786
51,265
-
-
14,928
29,164
1,625
13,441
23,464
1,824
8,000		 Support
costs
£
52,054
-
-
5,696
-
-
1,659
3,240
-
-
-
-
-		 Governance
costs
£
-
-
-
-
10,200
180
-
-
-
-
-
-
-		 2024
Total
£
317,479
130,025
3,786
56,961
10,200
180
16,587
32,404
1,625
13,441
23,464
1,824
8,000		 2023
Total
£
294,143
156,243
989
37,580
9,963
-
16,418
44,172
3,686
50,466
30,567
2,043
3,500
542,947
62,649
10,380		 62,649
(62,649)
-		 10,380
-
(10,380)		 615,976
-
-		 649,770
-
-
- - - 615,976
649,770 - - - 649,770

28

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

4b Analysis of expenditure (prior year)

Basis of
allocation
Staff cost (Note 6)
Staff time
Expenditure on courses and workshops
Direct
Staff recruitment and training
Direct
Occupancy costs
Usage
Audit and accountancy
Direct
Legal expenses
Direct
Depreciation
Usage
Office expenses
Usage
Library costs
Direct
Legacy fund projects
Direct
Other Restricted funds
Direct
QMMAC and training expenses
Direct
Bursaries and prizes
Direct
Support costs
Governance costs
Total expenditure 2023		 Education
services
£
245,321
156,243
989
31,342
-
-
13,693
36,840
3,686
50,466
30,567
2,043
3,500		 Support
costs
£
48,822
-
-
6,238
-
-
2,725
7,332
-
-
-
-
-		 Governance
costs
£
-
-
-
-
9,963
-
-
-
-
-
-
-
-		 2023
Total
£
294,143
156,243
989
37,580
9,963
-
16,418
44,172
3,686
50,466
30,567
2,043
3,500
574,690
65,117
9,963		 65,117
(65,117)
-		 9,963
-
(9,963)		 649,770
-
-
649,770 - - 649,770

29

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2024 2023
£ £
Depreciation 16,587 16,418
Auditor's remuneration (excluding VAT): 8,500 8,303

Staff costs were as follows:

Staff costs were as follows:
Employer’s contribution to defined contribution pension schemes
Social security costs
Salaries and wages		 2024
£
282,015
23,783
11,681		 2023
£
263,861
18,491
11,791
317,479 294,143

No employee earned more than £60,000 during the year (2023: nil).

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £170,175 (2023: £160,546). The key management personnel include Head of Training, Finance and Business Manager and Operations and Centre Manager.

The trustees all give freely, their time and expertise without any form of remuneration or other benefit in cash or kind. However, they receive remuneration for their teaching services and reimbursement for their travel expenses. Trustees who received remuneration for their teaching services and reimbursement in the current year were: - Anne Aiyegbusi (teaching £375.00 and travel £571.07), Sally Bild (teaching £8126.00 and travel 48.24), Sharon Hannah (travel £1017.98), Matthew Rich-Tolsma (teaching £469.93), and Sue Wallace (travel £404.94). There were no conflict of interest and trustees are not remunerated for any of their board duties.

Staff numbers

7

The average number of employees (head count based on number of staff employed) during the year was 14 (2023: 13).

Staff are split across the activities of the charitable company as follows (full time equivalent basis):

Education Support and governance

2024
No.
7.0
1.0		 2023
No.
6.0
1.0
8.0 7.0

8 Related party transactions

There are no related party transactions to disclose for 2024 other than those on Note 6 (2023]: none).

There are no donations from related parties which are outside the normal course of business, except donations summarised to the total amount of £15,776 (£13,000 from Vivienne Cohen bursary fund and £2,000 from Malcolm Pines- Legacy fund to The IGA and two small individual donations for bursary).

9 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

30

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

10 Tangible fixed assets

e year ended 31 July 2024
Tangible fixed assets
Cost or valuation
At the start of the year
At the end of the year
At the end of the year
At the start of the year
Charge for the year
At the start of the year
Depreciation
At the end of the year
Net book value
Additions in year		 Freehold
property
£
750,000
-		 Fixtures and
fittings
£
8,010
-		 Office and
other
equipment
£
46,794
1,874		 The King's
Fund Library
£
9,829
-		 Total
£
814,633
1,874
750,000 8,010 48,668 9,829 816,507
-
-		 5,607
2,403		 28,642
14,152		 9,513
32		 43,762
16,587
- 8,010 42,794 9,545 60,349
750,000 - 5,874 284 756,158
750,000 2,403 18,152 316 770,871

All of the above assets are used for charitable purposes.

The addition to the fixed assets were done right at the end of the financial year and they were not operational in the financial year. Hence, no depreciation was calculated for these items.

11 Assets revaluation

Assets revaluation
Freehold property (general fund)
Revaluation surplus
Historic cost
Fair value		 2024
£
202,760
547,240		 2023
£
202,760
547,240
750,000 750,000

The freehold property at 1 Daleham Gardens was purchased in 1982, in partnership with the Society of Analytic Psychology, the Institute having a 55% share and occupying the ground floor and the Society occupying the remainder of the premises. Neither area is self-contained and each holds a 57 years (remaining) lease from the joint freeholders.

Property Time, a local firm of property advisors, valued IGA's share of the property at £1 million in January 2021, based on its current usage. Due to the ownership and physical occupation arrangements described above, the Trustees believe that it would be difficult to easily dispose of their interest in the property, making the indicated value reasonable. No depreciation has been applied to the freehold property interest, as the Trustees consider the asset to have a long useful life, and at the balance sheet date, its residual value was not significantly different from its carrying amount, as the property is well-maintained. The last revaluation of IGA's property was completed in January 2021, and property valuations are conducted every five years. Given the short time since the last revaluation, the charity does not anticipate any material change in the property's value. Therefore, the property value remains the same for this financial year.

12 Listed investments

Listed investments
Fair value at the end of the year
Historic cost at the end of the year
Net gain / (loss) on change in fair value
Fair value at the start of the year
Transfer		 Dennis
Brown Fund
13,065
-
983		 Marisa
Dillon
Weston
20,039
-
1,884		 Unrestricted
fund
481,097
-
50,778		 2024
£
514,201
-
53,645		 2023
£
515,435
(5,000)
3,767
14,048 21,923 531,875 567,846 514,202
10,000 20,000 365,000 395,000 395,000

All investments are listed on the London stock exchange within the UK

31

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

13 Debtors

e year ended 31 July 2024
Debtors
Courses, workshops and subscriptions
Prepayments
Accrued income		 2024
£
9,624
4,865
-		 2023
£
8,074
3,146
14,667
14,489 25,887

With the exception of listed investments, all of the charity’s financial instruments, both assets and liabilities, are measured at amortised cost. The carrying values of these are shown above and also in note 14 below.

14 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Accruals
Deferred income
Trade creditors
Taxation and social security
Membership subscriptions in advance
Other creditors		 2024
£
2,456
7,901
3,332
14,272
58,551
52,307		 2023
£
16,557
6,582
4,235
15,188
77,347
54,161
138,819 174,070

15 Deferred income and membership subscriptions in advance

Deferred income comprises membership fee and courses income received in advance:

Deferred income comprises membership fee and courses income received in advance:
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2024
£
131,508
(131,508)
110,858		 2023
£
128,194
(128,194)
131,508
110,858 131,508

16 Pension scheme

The charity operates a defined contributions pension scheme for the benefit of participating employees and the pension charge represents amounts payable by the charity to the fund in respect of the year. The assets of the scheme are held separately from those of the Charity in an independently administered fund. There were no outstanding or prepaid contributions at the year end.

17a Analysis of net assets between funds (current year)

Analysis of net assets between funds (current year)
Net assets at 31 July 2024
Current liabilities
Investments
Tangible fixed assets
Current assets		 General
unrestricted
£
208,918
531,875
81,598
(138,819)		 Revaluation
reserve
£
547,240
-
-
-		 Designated
£
-
-
28,862
-		 Restricted
£
-
42,474
-		 Endowment
Total funds
£
-
756,158
35,973
567,848
-
152,934
-
(138,819)
683,572 547,240 28,862 42,474 35,973
1,338,121

32

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

17b Analysis of net assets between funds (prior year)

Tangible fixed assets Investments Current assets Current liabilities Net assets at 1 August 2023

General
unrestricted
£
223,631
481,096
199,900
(174,070)		 Revaluation
reserve
£
547,240
-
-
-		 Designated
£
-
-
37,817
-		 Restricted
£
-
-
31,330
-		 Endowment
Total funds
£
-
770,871
33,106
514,202
-
25,887
-
(174,070)
730,557 547,240 37,817 31,330 33,106
1,136,890

18a Movements in funds (current year)

Movements in funds (current year)
Total restricted and endowment funds
Total Unrestricted funds
Unrestricted funds:
Unrestricted general fund
Malcolm Pines legacy fund
R. Casson Scholarship Fund
Marisa Dillon Weston Fund
Scotland courses fund
Website development fund
Legacy fund projects
Vivienne Cohen bursary fund
London Foundation Course bursaries
Endowment funds:
Dennis Brown Fund
Marisa Dillon Weston Fund
Restricted funds:
Brighton Coursesfund
Fitzrovia Group Analysis Bursary
Designated funds:
Total funds
Dennis Brown Fund
Revaluation reserve
QMMAC		 At 1 August
2023
£
13,066
20,040
1,743
3,008
2,911
3,459
5,586
4,035
588
1,000
7,000
2,000		 Income &
gains
£
983
1,884
195
542
1,050
24,633
-
2,236
776
-
13,000
2,000		 Expenditure
& losses
£
(500)
(1,000)
(1,500)
(17,878)
(5,586)
(1,824)
-
(1,000)
(4,000)
-		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-		 At 31 July
2024
£
14,049
21,924
1,438
2,550
2,461
10,214
-
4,447
1,364
-
16,000
4,000
63,339 47,299 (33,288) - 78,448
730,557
547,240
35,917
1,900		 521,799
-
4,486
-		 (568,787)
-
(13,441)
-		 -
-
-
-		 683,569
547,240
26,962
1,900
1,315,614 526,285 (582,228) - 1,259,671
1,380,050 573,584 (615,516) - 1,338,119

The narrative to explain the purpose of each fund is given at the foot of the note below.

33

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

18b Movements in funds (prior year)

e year ended 31 July 2024
Movements in funds (prior year)
Total restricted and endowment funds
Total Unrestricted funds
R. Casson Scholarship Fund
Legacy fund projects
Designated funds:
Endowment funds:
Revaluation reserve
Brighton Coursesfund
QMMAC
London Foundation Course bursaries (GAN London)
Fitzrovia Group Analysis Bursary
Vivienne Cohen bursary fund
Unrestricted funds:
Malcolm Pines legacy fund
Total funds
Dennis Brown Fund
Marisa Dillon Weston Fund
Restricted funds:
Website development fund
Dennis Brown Fund
Marisa Dillon Weston Fund
Scotland courses fund
Unrestricted general fund		 At 31 July
2022
£
13,329
25,544
3,627
2,530
2,560
7,444
4,664
4,334
500
1,000
-
-		 Income &
gains
£
-
-
116
978
851
-
22,504
1,744
-
-
7,000
2,000		 Expenditure
& losses
£
(263)
(504)
(2,000)
(500)
(500)
(8,985)
(21,582)
(2,043)
(500)
-
-
-		 Transfers
£
-
(5,000)
-
-
-
5,000
-
-
588
-
-
-		 At 1 August
2023
£
13,066
20,040
1,743
3,008
2,911
3,459
5,586
4,035
588
1,000
7,000
2,000
65,532 35,193 (36,877) 588 64,436
748,048
547,240
74,183
1,900		 553,368
-
-
-		 (563,194)
-
(50,466)
-		 (7,665)
-
12,200
-		 730,557
547,240
35,917
1,900
1,371,371 553,368 (613,660) 4,535 1,315,614
1,436,903 588,561 (650,538) 5,123 1,380,050

Purposes of endowment and restricted funds

Dennis Brown Fund

The income from this fund provides a prize for the best essay by a trainee on the IGA's Qualifying Course and an annual bursary for a trainee on either the Diploma or Qualifying Course who has a demonstrated interest in intercultural group analysis and the development of group analytic theory. The endowment fund element has been separated out.

Marisa Dillon Weston Fund

The income from this fund provides bursaries for students from Scotland on the IGA's Diploma and Qualifying Courses. The endowment fund element has been separated out. This financial year, the funder has allocated £5,000 from the endowment fund to the Restricted fund. This allocation is intended to support the development of Foundation and Diploma courses for Scotland.

34

The Institute of Group Analysis

Notes to the financial statements

For the year ended 31 July 2024

Ronald Casson Scholarship Fund

Bursaries for the IGA's Diploma and Qualifying courses.

Scotland Course Fund

This fund was transferred from designated funds in 2017 and is for the provision of training in group analysis in Scotland.

Brighton Foundation Courses

The IGA office was engaged in temporarily supervising the financial management aspects of the Foundation course training in Brighton. This is no longer the case as Brighton has started managing their own course.

QMMAC

Quarterly meetings for members and colleagues for professional contact, dialogue and contact.

IGA Regional Foundation course (FC) bursaries

Provides bursaries for IGA Foundation course students across the country.

London Foundation Course

Provides bursaries for IGA Foundation course studentsin London.

Vivienne Cohen bursary fund

Support in the form of three annual bursaries for London IGA Qualifying Course Applicants.

Malcolm Pines legacy fund

A fund provided for legacy funds projects

Purposes of designated funds

Website development fund

For the re-development of the IGA's website.

Legacy projects fund

The IGA received a legacy donation in 2020 from The Estate of Late Roger Anthony Cornish Deceased. In response, a Legacy Committee was formed, representing various sections of the IGA. The Committee established an efficient procedure to allocate these funds to successful projects and activities aligning with the IGA's charitable aims and objectives. This process received endorsement from the board. The subsequent expenditures for the projects, along with additional funds transferred for these projects, have been included in designated funds.

Revaluation reserve

The most recent revaluation of the IGA's property was conducted in January 2021, resulting in a gain of £200,000. As the property revaluation is typically undertaken every five years, and there is no perceived change in the property's value within this short timeframe, the charity has determined that the property value remains unchanged.

19 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

20 Post balance sheet event:

Since the year-end, the charity has seen the value of its investment portfolio fall by approximately £37,430 (7%) as of 22 April 2025, primarily due to the impact of changes to US import tariffs in early April 2025. The board is aware of this event, which occurred after the board's formal approval of the report and financial statements but before the audit report was signed. No other changes or additional comments have been made to the document since the board’s sign-off.

35