Company number. 01499655 Charlty number". 280942 OSCR number: SC040468 The Institute of Group Analysis Report and flnanclal statements For the year ended 31 July 2025 SA YER V I NCENT
The Instltute of Grnup Analysls For th• year •nded 31 Juty 2025 Reference and admlnlstratlve informatlon Tnjstees. annual reporr .................... . Independent audltor's report Statement of financial acrivitle5 Ilncorporatlng an Income and expendlture account) .22 lalance sheet .23 Statement of cash flows................................................................................................................ 24 Notes to the flnanclal statements .25
The Institute of Group Analys1$ Reference and adminlstratlve information Foi the y•ar •nd•d 31 July 202 5 Company nurnber 01499655 Country gf Incorporatlon United Klngdom Charlry numb•r Country of r•9lstratlon 280942 (England & Wales, and Scotland) OSCR number SC040468 RegIst•r offlce and oporatlonal address l Daleham Gardens London NW3 58Y Truit••s The tru5tee5. who are also dlrectors under ¢Drnpany law and 5er¥ed during the year up to tlTE date of thls reporr. were a5 follows.. Ms Sharon Hannah. Chalr elected November 2Q22. elected Trustee November 2019 POS Sally Ann elld, Membershlp officer (elted November 20221, Reslgned May 2025 Ms Marflyn Marle Kedward5 (elected Novernber 20221 Ms Susan Made Wallace (elected November 2022} Mr Desmond Klng (Elected November 20191 (UKCP representatlvel, Reslgned October 2025 Mr Marihew Rlch-To15ma (elected November 20221, Reslgned July 2025 Ms Julle Lamlrel, eletted November 2023 Ms Marllla Alre5, elected May 2024 Dlck Blackwell. elected November 2024 Kate Taylor, co-opted October 2025 Graham McKay, co-opted May 202S Caiheréne Hays, co-opted May 2025 Gayl Mccaln, co-opred May 2025 Gerry Mccoll, co-opted October ZOZ5 Hicham Jabrane, co-opted May 2025 Kevin Fllnn. co-opted May 2025 B•nk•rs The Co-operatlve Bank l Balloon Street Manchester, M60 4EP COIF 80 Cheapslde London, EC2V 6DZ Sollcltors Bevan Brlttan Fleet Place House 2 Fleer Place London, £L4M 7RF
Th• InstltMt• of Group Anily$ls R•l•r•nc• and admlnlitr•tlv• Inforniatlon For the yw ended 31 July 202S Audltor Sayer Vincent LLP Chartered Accounrants and Statutory Audftor 110 Golden Lane, LONOON. ECIY OTG
The In5tlwte of Group Analy515 Trustees. anntsal rÈport For the year ended 31 July 2025 The trusrees hereby present thelr report along wlth the audited financlal statements for the year ending 31 July 2025. The reference and adrnln15tratlve Informatlon outllned on page I Is an Integral part of thi5 report. The flnanclal statements adhere to current Statutory requlrement5. the Memorandum and Articles of Assoclatlon. and the Statement of Recommended Practice Accounting and Reporting bv Charitles.. SORP. applicable to charltles preparlng their accounts in accordance wlth FRS 102, Additionally. rhis report has been prepared In accordance with the special provisions applicable to companies Subject to the small companies, reglme. Objectlves and actlvltles Purposes and Alms The Instltute seNes as the prlmary training and membershlp organlsatlon for Group Analysls In the UK. Establlshed In 1971 , it Initially operated a5 part of the Trust for Group Analysis and wa5 later incorporated on 3rd June 1960 a5 a company limlred by guarantee and wlthout share capltal. The Institute funrtion5 under a Memorandum of Assoclatlon. outllnlng Its objects and powers. and Is governed by Its Artlcles of Assoclatlon. As Stated In the Memorandum of Assoclatlon. the prlncipal purpose of the Institute Is-. Th• obJecE of the In$tltute Is to promote the preseNatlon of mentsl health and ¢0 relleve those persons sufferlng from mental health dlsorders or eondltlort$ of emotlonal or mental dlstress and who are In need of tr•atmentr (amended 2018). The IGA'S overarchlng goals Include tralnlng Indivlduals in the appllcatlon of group analys15. form of group psychotherapy, as well a5 Its Psychosocial and organisatlonal applications. Thls is achleved through rhe provision of training courses and contlnulng professional development ICPDI for Its members. AddltlonalSy, the Instirute aim5 to educate Society about group analysls. The IGA'S member5hlp consists of Full Members and Assoclate Member5. Full Members are group analysts who have completed the IGA'S Qualifying Course in Group Analysis. Assoclate Members, on the other hand. have CLJmplered theoretlcal and applied tralning in Group Analysis, enabling them to apply Group Analytic theory and prlnclple5 In psychotherapeutlc, educational, and organlsational settlngs. Thls category also Includes indivlduals who have received group rraining elsewhere, subject co approval by the IG Group analysls Is a powerful therapeutic approach that focuses on the relatlonshlp between the Indivldual and the group. highlightSng the inherently social nature of human experience. As a treatment method. it recognises that emotlonal, behavioural, and psychological phenomena often arise within the context of social groups. Carefully structured analytic groups have a long- establlshed history of helplng indivldua15 addre55 personal challenges and foster personal growth.
The In5tltute of Group Analys15 TrusteÈs' annual report For the year ended 31 July 2025 Our philosophy Is grounded in the bellef that, because personal dlfflculties often stem from social relatlonshlps, graups provide an Ideal envlronment to explore. understand, and work toward resolvlng them. The group analytlc approach has 51gnlflcant implications for group work and organlsatlonal practlces across a wlde range of health, social, and educatlonal settlngs. Its appllcarions are diverse. encompa551ng work with groups such as refugees, homeless and displaced Individua15. vlctims of domestic vlolence, church communltles, and those In forensic Settings. Additionally, it Informs leadershlp practlces, organisatlonal dynamlcs. and enhances our understanding of the interactlons and relatlonshlps that shape our lives withln organi5ations and society. Each year, rhe tru5tee5 conducr a thorough revlew of the charity's aim5. objectives. and activltle5. Th15 reporr evaluate5 the charlty's achlevement5 and the outcome5 of its work during the reportlng pedod. The trLbStee5 assess the success of key activities. and the beneflts dellvered to the target grolrps. en5urlng that the charlV5 alms, objectives. and actlvltles remaln allgned wlth Its stated purpose5. A5 part of thls revlew, the trustees refer to the Charity Commlsslon's general guldance on publlc beneflt. They carefully consider how planned activities contrlbute to the charlty's alms and objectives, ensuring they align wlth it5 overarchlng purpose. The charltrfs prlmary activitles and target beneficiarles are outllned below. All charltable efforts are undertaken with the overarchlng goal of advanclng The Institute of Group Analy515'5 charltable purposes for the public. beneflt. IGA'S Strateglc Alms for 2023-2025 Invest In IT Infrastructure to enable hybrld worklng at the Daleham Gardens London Centre as it adapts to reduced COVID-19 restrictions and reopens. Revise the IGA business model to establish transparent legal and financial agreement5 wlth organlsations deliverlng IGA-approved tralnlng In Group Analysls. Develop Income-generatlng activltles to support the growlng need for increased srafflng I membership and training actlvltle5, Including professlonal regulatlon, administration servlces for UKCP rnembership, provlslon of CPD events. and addressing the increased demand for decolonSsSng the IGA curriculum. This a150 includes sUPPOrtlng research activities. therapy service5 for low-income client5, and the c05t5 associated with anv necessary change of premises. Iv. Establish project management proce55es for any necessary change5 in premises.
The In5tStute of Group Analysis Trustees. annual report For the year ended 31 July 2025 Investlgate the potentlal for the IGA to sponsor low-fee therapy groups, especlally durlng rhis economically challenging period for many In socletv. Explore professional affiliatlon with national psychotherapy reglsrratlon organi5atlons, glven the heavy demand on IGA resources under the current arrangement v4lth UKCP. vi. Develop strategles to re-engage the membership wlth the organlsation. Strateglc Alms Durlng the year. the Board of Trustees underwent signlficant change followlng the reslgnatlon of some member5. A new Board has slnce been estab115hed. supported by co-opted members who are due to be formally appolnted at the Annual General Meeting in March 2026. Thls perlod of transltlon has undersrandably Slowed progre55 on the realignmtnt and review of the organlsation's strateglc alms. These matters are scheduled for Conslderarion at the next Board meeting. The Chlef Operating Offlcer. Iyob Zklr5tOs. played a central role In managing staff transltlons durlng the organlsatlonal re5tructurlng of 2024125. In Ilne wlth financlal prlorltles, the declslon was taken not to replace the Tralnlng Admln15trator p05t. Instead, re5pon51bilitie5 were carefully reallocated to ensure workloads remalned manageable and stsff skills were effectively utlllsed, Supporting a more reslllent and adaptable operatlonal model. Investment In Informatlon technology enabled the Sn5tallation of state-of-the-art equlpment to support hybrld worklng arrangements. Thi5 enhancement 5ignlflcantly irnproved operational flexiblllty and collaboration across the organlsation and proved highly effectlve ihroughout the year. Income generation remained a key strateglc focu5. A strengthened Events Commlyee developed a comprehen51ve programme of actlvlties to 5UPPOrt the continulng professlonal development ICPD) of members and colleagues. Several nev¥ courses were approved durlng the year. with additlonal programmes currently under development, enhancing both the organisation's tralnlng offer and Its revenue-generatlng capaclty. The quinquennlal revlew was completed and submitted to the UK Counc51 for Psychotherapy IUKCP) and was approved subject to minor revision5. The organlsation Is currently addressing the requlred amendments, reflecting Its commitment to maintaining hlgh standards of professlonal practlce and governance. Further exploration of additional professional affillations remalns under consideratlon. Membership forums and online meetings with associates continued througljout the year as part of efforts to re-engage and strengthen connections With the wider membershlp. Attendance was consistently strong, and feedback Indicated rhat these Initiative5 Colltrlbuted to a greater sense of inclusion and involvement among members. Work also continued on the BoardlTralning Communlty Review, wlth detailed discussions focused on ensurlng that all courses are examined through a decolonised and inclusive lens. As part of this process. curricula and assoclated documentatlon were updated to include clear statements
The Instltute of Group Analy51s Trustees, annual report For the year ended 37 July 2025 Teinfor¢lng the organisar5on'5 Equallty. Dlver51ty and Incluslon IEDI) commltments. ensurlng that all staff are fully aware of and gulded by these pollcles. Provkllng Tralnlng In Group Analysls The IGA'S core training In group analys15 provldes courses af three consecutlve leve15 - Foundatlon. Dlplom4 and Quallfylng leadlng to quallflcatlon as a Group Analyst and full member5hlp of the IGA. Courses lake place In London and at several location5 In England and Scotland (Glasgow. Manchester. Turvey, Oxford and Brlghton.). The IGA has professional Ilnks overseas wlth other group-analyrlc organlsarlons through its Internatlonal Courses Committee, and rhe European Group Analyrlc Trainlng Network IEGATINI.. Group-analy(Ic tralnlng programmes In the UK are dellvered elther dlrectly by the IGA or through Independenl partner organlsatlons. Those organlsations pay a modest contrlbutlon towards IGA central admlnlstrative costs and the employment by the IGA of a Head of Tralnlng, a5 part of a natlonal pollcy a9reement. Our reglsterlng body, the UKCP. conducted Its Qulnquennlal Revlew of our UKCP membership In late 2023 and reported In late 2024. Durlng the revlew. rhey commended several aspects of our tralnlng. Includlng the tralnee handbooks. the quallfylng process through the Panel of Readers, and the tralnSng Itself. Our Qualifying Tralnlng Is accredlted by the Unlted Klngdom Council of Psychotherapy IUKCP), and sraff dedlcated much of the year to Implementlng the Qulnquellnlal Revlew of our tralnlng standards The most Important chartge requlred of us Is that wlth effect from September 2026 all tralnees who need to take Indivldual patient5 must do so for 18 months rather than 12.Thls requlre171ent has already been Implemented for 'students JolnSng the new Turvey Quallfylng Course In September 2025. The Foundatlon Courses attracted 113 students across the country in 2024-S. There were 40 on the Diploma Courses and 32 on The Qualifylng Courses, a total of 185. We are seeking to maintain or increase student numbers on all our courses and therefore alm to grow the number of qualified group analy5t5 practisirtg in the UK. Our trainlng courses ensure that those bvho successfully complete them and practlse as group analysts are competent and safe. Group analysts work in a range of settings and wlth people who are often vulnerable a5 they are experlencing psychological and interpersonal difflculties. High quality training ensures that these profe551onals can treat and support thelr patlents effectlvely. We wlll contlnue to provide financlal bursarles to students to enable them to joln our courses. and information for the publlc about group analy515 and It5 benefits. Post Quallflcatlon tralnlng courses In additlon to our Core trainings, we contlnue to offer rwo well-e5tablished advanced courses the Diploma in Group supervision (for IGA members and approprlately qualified clinician5 from other professional backgrounds} and the Diploma In Reflectlve Practlce In Organisatlons IRFIOI.
The In5tltute of Group An*s15 Trustees. annual report For the year ended 31 July 2025 We have contlnued to provlde tralnlng courses to people from a variety of backgrounds and structured our portfolio of training programmes to enable siudenrs who are already Working wlth groups, but who do not wlsh to become clinically quallfled group analysr5 to acces5 and complete our Foundation Courses. Instead of applying Immediately to continue rhelr leaming on our Diploma and Quallfylng courses. they may wish to create a break In their developmental Journey. This flexlblllty In course strucrure enables 5tudentS to take responsibility for thelr own learning and to access tralnlng during tlmes In thelr life whtn that training 15 most relevant and necessary. Bespoke Trnln5ng We wlll conslder properly budgeted and contracted employer requests for our core tralning to be offered In-house on a bespoke basls. although we do not have the resrjurces ro undertake Inltlal design or organisational consultancy unrelated to our core offerings. Bespoke delivery of our core trainlng feed5 and seeds OUT open tralnlng course5. making employers more Ilkely to send tralnees on them. although employer sponsorship is n¢)w much less common . Durln9 thls year we were acrlvely Implemenrlng wlth our con50rtium partner5 Phase5 One and Two of the Reflectlve Practlce TralnSn9 on In-patlent Wards for 180 NHS Trusts across England. Thls Culture of Care-staff Care and Development project contlnue5 until March 2026. The Future of Group Analytlc Tralnlng Followlng publicatlon of Ihe DecolDnising the Curriculum and Otherlng Reports the Board established a Jolnt fevlew wlth our training communlty to conducr a deep dive Into all our traSning with 4 vlew to ensuring their fitness for purpose for the future In the Ilght of all t.he different forces for change such as flnanclal. market, technologlcal psycho-soclal and polltlcal pressures. Thls task force Is meetlng monthly, and Sts work 15 expected to take at least a further two years. Meantlme, Indlvldual cour5e5 have made 5ignlflcant progress In decentrlng their learning methods and content. At the same tlme, slgnlllcant innovation 15 taklng across the IGA network. with new courses, new deslgns and new methods of delivery being explored, Manchesrer and London have both commlssioned curriculuTn development convenors to research, develop and propose future course offerlngs. As a result, new London weekend courses have been plartned for implementation from September 2026. The revlved Turvey Groupwork Qualifyin9 Course and the new specialist Forensic Diploma COLtrse were launched In September 2025, Just after the end of the year under revlew, from a new slte at Rlpon College Cuddesdon, Oxfordshlre. Membershlp Committee Over the past year we17ave focussed on opening discussions with the wider membership about the direction of the organlsation, with the introduction of bi-rnonthly membership forum. These have been online and have been well attended. We have been encouraging members to think about the events they would like to hold. both on-line and in per50n. An imporrant focus of the committee ha5 been on puttlng in place robust policles and procedures in relatlon to CPD, reaccredltatlon and return to prartice. as these have needed to be updated. This
The Instlwte of Group Analysts Trustees. annual repor( For the year ended 31 July 2025 has been made posslble by the recruitment of Shelley. The next step will be to update the member's handbook on the websiie. We have also been considering the situatlon regarding IGA members wifhout an accredltlng body. to work out how we might mitigate the risk of liability for member5. Events Commlttee Last year. the Event5 Committee was re-establlshed. wlth Sue Wallace serving as Chalr and Sharon Hannah. Sally Bild, Marllyn Kedwards, and Sam Evans as members. This Committee offered professional development courses for mefflbers enabllng them to deepen thelr understandlng and knowledge of group analy515. Thbs. In turn. enhances the quality of care they provlde to thelr patients. Additionally. we have developed a programrne of events open to the public and professlonals outslde Ihe field of group analysls. hSghllghtlng the broader relevance of group analysis. The newly reformed Events Committee is eager to hear idea5 from members to ensure a creatlve and engaging programme of e¥ents that SUPPOrt5 conrlnulng professional development. IGA Premlses and Bulldlng Management As well as the rour5ne repalr works. we have contlnued Implementlng the required change5 to our health and 5afery procedures. We are confldcnt that these measures. alon9 wlth planned HR changes, wlll lead to sub5Cantlal Improvemenr5 In the safery and worklng envlronment at rhe IG Our Psychotherapy Referral SeNlce Thls servlce Is now admin5stered through an onllne group as prevlously mentloned. Promotlon of Group Analysls We seek to promote groups as a treatment for those wlth psychological dlfflcultle5 and encourage Its provlslon wlthln the range of psychologlcal theraples and psychosoclal Interyentlons avallable on the NHS. We also promote groups as a medium for 5elf-exploratlon. not necessarlly Just for the alleviation of d15tress, but for self-development and personal growth. Future We recognise the importance of the continuous evaluation and diversification of our training portfolio. Our Strategic arrbition is to extend the reach of QL4r educational offer beyond a solely clinical focus. Incorporating a broader engagement wlth organisatlonal, institutional. and communiry-based corFtexts. This development reflects both the evolving professional landscape and rhe diverse settings In whlch group analy(ic thinking can make a meaningful contribution. All new and existing programmes will be shaped by a clear commitment to decolonisarion, ensuring that our trainlng remains incluslve. relevant, and reflective of a wlde range of lived experiences and cultural perspectlves. Central to this approach Ss our Commitment to widenlng acces5 to tralning. We are actively working to remove financlal and Structural barrier5 faced by trainee5 from underrepresented backgroijnds. Region-specific bursaries, alongslde natlonal financlal support made possible
The Instltute of Group Anal15 Tru5fees' annual report For the year ended 31 Juty 2025 and the diverse settings in wFrich group an111C rh5nking can make a meanlngful contrlbution. All new and existlng prograrnmes wlll be shaped by a clear commltment ro decolonlsatlon. ensurln9 that our training remalns inclusive. relevant, and reflectlve of a wide range of lived experiences and cultural perspettlves. Central to this approach is our commltment to wldening access to tralnlng. We are actlvely working to remove financlal and structural barriers faced by tralnees from underrepresented backgrounds. Region-speclflc bursaries, alongside national financial support made posslble through the generosity of benefactors. continue to play a ¥ltal role in promotlng equlty of access and fosterlng a more dlverse learnlng community. The ongolng process of decolonising our tralnlng currlculum. governance structure5, and organisational culture remains a cornerstone of our long-term strategy. Thls work Is understood a5 an evolvlng and reflectlve practlce rather than a flnlte task. We are committed to creating an envlronment In whlch dlver5e per5pertSves are attlvely welcomed, critically engaged with. and meanlngfully embedded, and where all members feel seen. heard, and sUPPOrted. Through these sustalned efforts, we alm to POSitlon IGA-UK as a forward-thinkingp soclally respon51ve. and Inclu51ve organlsation, well equlpped to meet future challenges and opportunitles. In response to the changlng needs of our members and tralnees, we have also strengthened our membership services. The newly reformed Membership Commlttee now plays a key role In supportlng the governance of members, professlonal work and works In close collaboration wlth the Events Cornmittet to enhance engagement and partlclpatlon. These committees are actlvely 1.Sstenirtg to the membership and using feedback to ensure that our servlces. activltles. and communications align wlth members, professional netds and a5plratlons. A programme of workshop5, semlnar5, and event5 delivered both In person and onllne 15 currently development to support contlnulng profe551onal development and to strengthen connectlons wlthln the group analytic comrnunity. Locklng ahead, a crucial focus will be the effective promotion of our core activities, underplnned by clearly defined objectives and accounrability acr055 all subcommittee5. We are commltted to fostering creativity and Innovailon In the development of new course5 and initlatives that meet the needs of those new io IGA-UK. as well as supporting the ongoing development of establlshed members. The continued expansion of online and hybrid learning opportunltles wlll be central to this work, increasing accessibility and enabling participatlon from across the UK and Internationally, while maintaining the depth and quality of our educatlonal provislon. Flnanclal Revlew: Flnanclal Year Ending July 2025 The Siatement of Financial Activlties (SOFA) for the year ended 31 July 2025 demonstrates an Improvement in the financial performance of the Institute of Group Analysi5 IIGAI. The Trustees have (arefully managed resources to ensure the Institute's sustainability in a challenging operating environment, whlle maintaining it5 commitment to delivering hlgh-quality charitable activltles.
The Instltute of GrDUP Analys15 Trustees. aftnual report For the year ended 31 July 2025 Income Total Income for the year was £650,896. representlng an Increase of 25% compared wlth the prlor vear12024.' £519.939). This growth wa5 largely driven by provislon of a successful bespoke training programmes of a Reflecrlve Practlce In Organlsatlons course. which contrlbuted significantly to the Increase In tralnlng Income to £455.808 (2024: £328.034). Membership subscrlptlons remalned a conslstent source of unrestrltted Income at £126.231 12024.. £127,568). although a s11ghr decrease In membership numbers was noted. Income from ha11 hlre Increased modestly as the Institute recovered from previous restrictlons related to building works. Donatlons and legacies also Increased to £20.586 (2024- £15.7761. 5UPPOrted by a notable donatlon from the Morrls Nltsun Fund. Expendlture Expendlture on charltable attFvltles Increased to £682.271 12024= £615.515). reflectlftg a planned Increase cost5 In relatlon to bespoke tralning dellvery and adJu5tments to salary scale5. Thls Increase In staff costs was partly offset by a reductlon In course and workshop-related expendlture, followlng a decrease In the number of courses run and restructurlng of programmes In response to partlclpant demand. Occupancy costs rose. drlven by Increased utlllty and malntenance expense5 and r151ng energy prlces and essentlal refurblshment works. Adminlstratlve expenses were carefully controlled. wlth reductlons In offlce supplies and a slgnSficant dtcrease In expendlture on legacy-funded projects. reflectlng the completlon of several Inltlatlves. Flnanclal Posltlon The Institute recorded an operating deficit before Investment galns of £31,375 12024.. deflclt of £95,576). Investment activity contributed net gains of £5,876 12024.. £53,645). resulting in an overall net deficit for the year of £25,499 (2024.. £41.9311. Un restrlrted general funds decreased by £33,824, whlle de51gnated fund5 increased by £17,341 due to allocations for future strategic prlorlrSe5. Restrlcted funds reduced by £9,016. In line wlth the planned applicatlon of restricted Income. Outlook The Trustees recognise the ongoing flnanclal challenges facing the secror and remaln commltted to prudent flnancial management. The improvement in financial performance this year reflects both effective delivery of Ehe Instltute's core activlties and srraregic investment in key areas such as bespoke traSning.
The In5tltute of Group Analysis Trustees. annual report For the year ended 31 July 2025 The Trusrees will continue to monitor income diversification and cost control closely to ensure the Instltute'5 long-term 5UStainability, enabling it to fulfil its tharitable objectives effectively and respond to emerglng opportunlties in the coming years. Restrlcted funds 8ursarle5 and Courses We have ob5eNed a slgniPicant Increase In bursaries awarded this year. totaling £12.250. compared to £8,000 in 2023. These bursarles were funded by contrlbutlons from Vlvlenne Cohen, Dennis Brown, and Marlsa Dillon Weston funds and were allocated to support students enrolled In the Foundatlon course In London and Scotland, as well a5 the Dlploma and Quallfylng courses in London. Additionally. we provided two full 5cholarshlps and three half-5cholarshlps for Foundatlon course students, along with two full scholarshlps for Dlploma course students, reflectlng our commltment to maklng educarlon accessible to a broader range of students. The admlnlstratlon of tFte Scotland Foundatlon course contlnued to be overseen by our offlce this year. wlth the a550clated Income and expendlture reflected In our Ananclal accounts. Looklng ahead. we wlll malntaln the management of the Scotland Foundation course for the upcomlng year. Investments In the current flscal year. the unit value of the equlty funds Investment experlenced a significant decrease but recovered In tlme by the end of the flnanclal year. resultlng Sn a gain of £S.876. We acknowledge'the associated rlsks tled to thelr values. especially considerlng potentlal shlfts In the economlc clrcumstances of the country. and we remaln vigllant about monitorlng the progress of these funds. Fundralsing The IGA does not engage in publlc fundraisin9 and does not Use professlonal fundraisers or commerclal partlclpants. Neverthele55, It observe5 and complle5 With the relevant fundralslng regulation5 and codes. During the year there was no non-compliance with these regulations and codes and the Instltute recelved no complaints relating to it5 fundraising practice. Therefore, we are not registered with the fundraising regularor but would follow relevant guide5ines and code5 should we conduct fundra151ng among our member5 or make approaches to grant-making bodie5 in the future. Finance Committee In the fiscal year 2024-25, the Finance Committee met on flve occasions. The commlttee continue5 to benefit from the flnanclal expert15e of lay member Mr. John Klnder, and we express our gratitude
The Instltute of Group Analysi5 Tru5tees' annual Teport For the year ended 31 ju 2025 for hls valuable guldance. The commlttee Is composed of the Honorary Treasurer. who serves as Chair, the Chalr of the IGA Board. and the Chlef Operating Officer. We also welcome Catherlne Haye5, one of the new board members, as an addition to the committee. The Chief Operating Officer Is re5ponslble for preparlng and provlding financial Information and updates to committee members and actlvely participates In the declslon-making process. All declslons of the Flnance Commltiee are subsequently ratlfled by the Board of Tru5tee5. Princlpal rlsks and uncertainties As in the previou5 year, the key risk5 reviewed In 2024-25 centd on the organisation's flnancial sustainablllty, partlcularly the potentlal Impact of reduced Incorne from lower student enrolment and slow membershlp growrh. The Board also Identlfied an urgent need to refresh and reorganise exi5tlng committee structures and to secure contlnulty In Board engagement to support the organlsatlon's long-terni stablllty. The Chalr and all Board members regularly have their operatlonal duties revlewed during Board meeting5. The Board continually conslders Interlm solutlons and evaluates the effectivene55 and sustalnablllty of leadership roles to ensure the organlsatlon operates efflclently and effectlvely. Reserves pollcy and golng concern. The IGA'5 maln source of Income comes from training courses. whlch can vary from year to year. whlle a slgnlflcant portlon of It5 expendlture, such a5 5alarie5 and tralning cosr5, 15 largely fixed. In Ilght gf thi5. the trustees have determined that free reserves should be malntained at a.level equlyalent to at leasi slx months. expendlture. For the 2024-25 flnanclal year, th15 equates to approximately £341,000. As of 31 July 2025. the general unresrrlcted fund stood at £649,745. However. thls flgure Include5 cerraln asset5 that are not readily accesslble. Free reserves are Intended to represent the portlon of these funds that15 rn0St liquld, avallable to SUPPOrt cash flow If requlred, and exclude tangible flxed asset5. On this basts. free reserves as of 31 July 2025 amounted to £431,424, a decrease frorn £474,651 In 2024. primarily due to the deficlt recorded durlng the year. The trustees have carefully reviewed the charity's cash flow projections over the 12 rnonths following the approval of these account5. They are satisfied that there are no material uncertainties regarding the IGA's financlal position and have concluded that the organisation remains a going concern for at least 12 month5 from January 2026. Although free reserves at year-end exceed the 5ix-month benchmark, the trustees recognise the importance of strengthening the IGA'S flnanclal position further, as reserves can fluctuate during the year and income sireams can be unpredlctable.
The Institute of Group Analy515 Trustees. annual report For the year ended Jl July 2025 Forecasts for 2025-26 Indicate a pro]etted year-end deflclt of £78,000. Although thi5 shorrfall can be covered from the general reserve fund. the IGA is actlvely Implementing mitigation rneasures aimed ai long-term 501utlons, Includlng strategie5 to addre55 decllning student recruitment, alongside targeted actions to reduce the anticipated budget deflclt. Desplte these challenges. the IGA remains in a stable financlal posltlon. allowing the organ15atlon lo pursue strateglc Investments that are crftlcal for modernising operatlons and prograrnmes. Key Inltiatlve5 planned for the year include: Developlng onllne tralnlng modules to supplement In-persors courses. Launching weekend block tralnlng se551on5 to Improve accesslbllSty for rralnees. Investlng In blended learning models. supported by an upgraded audlovlsual system. to enhance rhe quality and delivery of tralnlng. Recent IT system upgrades have already dellvered slgnificant benefits, Improvlng communlcatlon and collaboration among staff, board rnember5, and committees. These improvements have Strengthened operational efficiencv and positioned the IGA to better meet the evolving need5 of it5 communlty. Looking ahead. the organlsation wlll Invest In a new hybrld audlovlsual system to replace rhe current unrellable setup. further supportin9 the dellvery of hlgh-quallty tralnlng and meetings. Structure. governance and management The organisatlon Is a charltable company limited by guarantee, Incorporated on 3 June 1980. and reglstered as a eharlty on 22 September 1980. E5tabli5hed under a Memorandum of As50ciatlon that outlines Its obJe<tlves and powers, the organlsation operates In accordance wlth Its Artlcles of A550ciation. All tru5tee5 contrlbute thelr tlme voluntarlly and do not recelve any beneflts from the charlty. Anv expenses reclaimed by tru5tee5 are transparently detalled in the notes to the accounts. ensurlng accountabillty and opennes5. The Board of Trustees works in close collaboratlon wlth rhe Buslne55 Management Team to support staff. committee5. and rnembers. Day-to-day management and administration of the IGA are delegated by the trustees ro Board offlcers and senlor employed staff. Executlve oversight 15 provided by the Chair, Honorary Treasurer, and Honorary Secretary, who work directly with the Business Management Team. Thls team now Includes rhe newly promoted Chief Operating Officer, the Head of Training, and the Training & Cenire Manager. Operatlonal respon5ibillties prevlously undertaken by the Chair and other Board member5 have been transltioned to senior managers, who are supported by appropriate Board members and profe551onal development tralning to ensure thelr 5ucce5S.
The In5tltute of Group Analys1$ Trustees. annual repor¢ For the year ended 31 July 2025 As highllghted In last year's report. the organlsatlon now has an Honorary Secretary. Th15 addltlon strengthen5 governance oversight and contrlbutes lo the Improvement of the IGA'5 organisational structure, enhancing its abllity to meet it5 Strateglc objectlve5. Appolntment of trustees Trustees are appolnted in accordance with the IGA'5 Artlcles of A550clatlon. Speclal Resolutlons were unanlmou51y passed at the 2021 AGM to address confuslon regarding the Chair Elect, Chalr, and Vice ChaSr p05itlon5 wlthln the Artlcles of Assoclatlon. establlshing a clear system of succession for these chairing role5. A new p051tion. Past Chalr. was introduced at the 2021 AGM. Accordlng to Article 14. board members are elected by the Instltute's member5 for a term of 3 year5, wlth a maxlmum service perlod of 6 years. A subsequent amendment to clause 15.3 was approved at the 2022 AGM. removlng the requlremenr for Board approval for all Board nomlnatlon5. The Artlcles also provlde for the electlon of non-members of the IGA as trustees. A further revlslon. addressing the use of gender-5pecific language in the Artlcles. was successfully passed at the 2021 AGM. Trustee Inductlon and tralnlng Newly appolnted trustees are sent an Informatlon pack whlch contains Informatlon about their responslbllltle5 a5 Trustees. the IGA'S Memorandum and Artlcles of Association and oiher key documenrs. Wherethe trusteels not a memberofthe IGA, theyare also sent the Members, Handbook and Annual Report whlch glves an overvlew of the IGA'5 actlvitles. New trustees for 2025 also attended a briefing se55lon with the full Board so that everyone could be updated about Trustee responslbilitles and procedure5 and gradually learn about how the IGA funcrlon5 a5 an organisarlon to make Informed dtclslons on governance and strategv. Related partles and relatlonshlps with other organlsatlons The IGA. as an organlsatlonal member of the UKCP. facilltates the accredltatlgn of Foundatlon, Diploma, and Quallfylng Course trainlng5 offered by Independent groups across the country. These afflllatlons were formalised through the Introductlon of Trainlng Provider agreements, which have proven effectl've throughout the year. Each related tralnlng organlsatlon Is represented on the IGA'S Natlonal Tralnlng Adv150ry Committee IAQ. chaired by the Head of Tralnlng and meeting monthly. The Board of Trusiees also holds regular drop-in se55ion5 wlih the NTAC. Our continued relatlonshlp with GASI Involves them renting rooms from IGA. an arrangement planned to continue for one more year (SHARON TO UPDATE). Discussion5 have initiated regarding rhe King'5 Fund Llbrary* which we share with GASI. The IGA is a training organisation member of the UKCP. o member of EGATIN, an affiliate member of the Brit15h Psychoanalytic Council, and actively parrlclpates in the global advancemenr of group analysis. Our International Courses Committee collaborates with local organizers and course dirertors in Albania, Bangalore, Moscow. and Rwanda to conduct IGA-apprDved courses. Support for group analytic supervlslon training in St. Petersburg 15 provided through the Biddle Fund.
The Instltute of Group Analysls Trustets, annual report For the year ended 31 Juty 2025 The Institute occuples the ground floor of l Daleham Gardens. holding a 55% Share of the freehold jolntly purchased wlth rhe Society of Analytlc Psychology In 1982. Both parrie5 enjoy a 57-year remalnlng lease from the Jolnt freeholders. Remuneratlon pollcy for key personnel The IGA conduct5 an annual pay review Sn July. Factor5 con51dered In deiermlnlng the level of anv increase Include the charity's financlal performance. the livlng wage, the retail and consumer prlce indexes. and a comparlson wlth other pay settlement5. Any Increase 15 uniformly offered to all employees as a percentage of thelr salary. Statement of responslbllltles of the trustees The tru5tee5. also servlng as dlrectors of The Institute of Group Analysls for company law purposes, are rasked wlth preparlng the trusiees. annual report, In compllance wlth appllcable law and United Klngdom Accounrlng Standards Iunlted Klngdom Generally Accepted Accounting Practice). Under company law. the tru5rees are obllged to prepare flnanclal statements for each flnanclal year that prDvide a true and falr view of the charitable company's incoming resources, application of resource5. includlng Income and expenditure, for that perlod. In the preparation of these f Inanclal statements, the tru5tee5 are requlred to: Adhere to the methods and principles outlined in the Charities 50RP. Choose approprlate accountlng polscies and conslstenrly apply them. Make reasonable and prudent Judgements and e5tSmares. Declare whether applicable UK Accounting Standards and statements of recommended practice have been followed, with any material departures dlsc105ed and Explalned in rhe flnanclal Statements. Prepare the flnanclal statements on the going concern basls unless it 15 Snappropriate to presume the charity will continue in operation. • The trustee5 dre responsible for malntalnlng adequate accounting records that accurately dlsc105e the financial p051tion of the charltable company at any fime, ensurlng compllance with the Cornpanies Act 2006. They are also accountable for safeguardlng the a55ets of the charitable company and taklng reasonable measures for the preventlon and detertlon of fraud and other Irregularltles. To the best of the trustees. knowledge.. There Is no relevant audit nforMatIOn of which the charitable company's auditor Is unaware, The trustee5 have undertaken all necessary step5 to be informed of any relevant audit information and ro confirm rhe auditor'5 awareness of thar information. The trustees bear responsibility for the maintenance and Integrity of the corporate and financial information displayed on the charltable company's website. It is importanr to note Ihat legislation in the United Kingdom governing rhe preparation and dissemination of financlal statements may differ from legislation in other juri5diction5.
The In5tltute of Group Analysls Trustees. annual report For rhe year ended 31 July 2025 To the besr of the trustees, knowled9e'. There Is no relevant audlt information of which the charltable company's auditor is unaware. The trustees have undertaken all necessary Steps to be informed of any relevant audlt Snfomatlon and to conftrm the audltorfs awareness of that Informatlon. The trustees bear responslblllty for the malntenance and integrity of the corporate and flnanclal Inforniarlon displayed on the charitable company's website. It is imporrant to note that leglslation In the United Klngdom governing the preparatlon and d155emination of flnancSal statements mav dlffer from legislation in other Jur65dictions. Member5 of the charlty guarantee to contrlbuto an amount not exceeding £1 to the assers of the c17arfty In the event of wlndlng up. As of July 31, 2025, the total number of such guarantee5 was 14 (compared to 12 In 20251. Whlle the trustees hold membership in the charlty. thls membershlp grants them solely votln9 rl9hts, and they do noi possess any beneficlal interest Sn the charSty. Audltor Sayer Vlncent LLP was appolnted as the charlrable company's audltor durtng the year and has expressed Its wllllngness to contlnue in rhat capaclty. The Trusrees annual report has been prepared In accordance wlth the speclal provlslons appllcable to companles subjecr to the small companles. regSme. The report has been approved by the trustee5 on 23rd of January 2026 and slgned on thelr behalf by Sharon Hannah Chalr, Board of Trustees 16
Independent audltor's report To the members of The Inxltute of Group Analysls Opinion We have audited the fiftanclal statements of The In5tltute of Group Analysis Ithe 'charltable company.) for the year ended 31 July 2025 which comprise the statement of financial actlvities, balance sheet, statement of cash flows and note5 to the financlal statements, Including 51gnlflcant accountlng policies. The financlal reporting framework that ha5 been applied in their preparatlon Is applicable law and United Kingdom Accounilng Siandard5, Includlng FRS 102 The Flnanclal Reportlng5fandardapplicable in the UKandRepubllcoflrelandlUnited Klngdom Generally Accepted Accounting Practice). In our opinlon. the flnanclal sratementS-. GSve a true and fair vlew of the state of the charltable company's affairs as at 31 July 2025 and of Its Incoming resources and application of resources. Including its Income and expendlture, for the year then ended. Have been properly prepared In accordaf7ce with Unlred Klngdom Generally Accepred AccountSng PractSce Have been prepared In accordance wlth the requlrements of the Companles Act 2006, the Charltles and Trustee Investment (Scotlandl Acr 2005 and regulation 8 of the Charltles Accounrs (Scotlandl Regulaclons 2006 las amended) Basis for opinion We conducted out audlt In accordance wlth Internatlonal Standards on Audlting (UK) (5SAs (UKII. and applicable law. Our responsibilities under those standards are further descrSbed In the Auditor's responslbllltle5 for the audit of the financlal statements section of our report. We are Independent of the charltable company in accordance wlth the ethical requlrement5 that are relevant to our audit of the flnancial statements In the UK. Including the FRC'S Ethlcal Standard and we have fulfilled our other ethlcal responsibilltles In accordance wlth these requirements. We belleve that the audlt evldence we have obtained 15 Sufficient and appropriate to provlde a basis for our oplnlon. Conclusions relating to going concern. In auditing the financial 5tatement5, we have concluded rhat the trustees. use of the golng concern ba515 of accounting in the preparation of the financial srarements Is approprlate. Based on the work we have performed, we have not Identified any materlal uncertainties Telatlng to events or conditions that. Indlvidually or collectively, may cast 51gnificant doubt on The Institute of Group Analysis, ablllty to continue as a going concern for a perlod of at least twelve months from when the financlal statements are authorlsed for Issue. Our responsibilities and (he responslbilltie5 of the trustees with respect to going concern are descrlbed In the relevant section5 of thi5 report.
Independent audltorfs repo To the members of The Instltute of Group ATraly$ls Other Information The orher information comprise5 the information included In the trustees, annual report. other than the flnancial Statements and our auditor's report thèreon. The trustees are responsible for the other Informatlot) 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 expre55 any form of assurance concluslon thereon. Our responsibility Is to read the other informatlon and. in dolng so. conslder whether the other Infomiatlon Is materlally Incon515fent wlth the flnanclal statements. or our knowledge obtalned in the course of the audlL or othen¥lse appear5 to be materially misstated. If we idenrlfy such materlal Inconsistencles or apparent material mlsstatements, we are requlred to determine whether thls gives rlse to a material mi55tatement In rhe flnanclal statements themsefves. 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 fart. We have nothing to report In th15 regard. Opinions on other matters prescribed by the Companies Act 2006 In our oplnlon. based on the work undertaken In the course of the audlt.. The Informailon glven In rhe tru5tees' annual report. for the flnanclal year for whlch the flnancial statements are prepared 15 conslstent wlth the flnanclal staternents., and The trustees, annual report has been prepared in accordance with applicable legal requlrements. Matters on which we are required ro report by exception In the Ilght of the knowledge and understandlng of the charltable conipany and Its envlronmen't obtained in the course of the audlt. we have not Identlfied rnaterial misstatements in the trustee5' annual report. We have nothing to report In respect of the followlng matters In relatlon to whlch the Companles Act 2006 and the Chariries Accounts (Scotland) Regulations 2006 las amended) require us to report to you if, in our opinion.. Adequaie accountlng record5 have not been kept, or return5 adequate for our audlt have not been receSved from branches not vlslted by us.. or The flnancial statements are not In agreement wlth the ac¢ountlng records and returns., or Certaln disc105ures of trustees, remuneration specified by law are not made-, or We have not received all the information and explanations we requlre for our audlt: or The directors were not entitled ro prepare the flnancial sratements In accordance wlth the small companles reglme and take advanrage of the small companies. exemptlons In preparing the trustees. annual report and from the requlremetit to prepare a strategic report.
Independent audStorf5 report To the members of The Instttute of Group Analy51s Responsibilities of trustees As explained more fully In the statemeni of trustees. responslblliries set out In the tru5tees' annual report. the trustees (who are also the dlrectors of the charbtable company for the purposes of company law) are responsible for the preparation of the financlal statements and for being satlsfled that they glve a true and falr vlew, and for such Internal control as the trustees determlne is necessary to enable the preparatlon of flnanclal statement5 that are free from materlal misstatement, whether due to fraud or error. In preparlng the flnanclal statements, the trustees are responsible for assesslng the charitable company'5 abiliry to continue a5 a going concern, disclosing, as appllcable, marrer5 related ro golng concern and uslng the golng concern basis of accounting unless the trustee5 either Inrend to Ilquldate the charitable company or to cease operatlons, or have no rea115tlc alrematlve but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as audlior under sectlon 4411)(c> of the Charities and Trustee Investment (Scotland) Act 200S and under the Companle5 Aci 2006 and report In accordance with regulations made under those Acts. Our objectlves are co obtaln reasonable assurance about whether the financlal statements as a whole are free from maierlal mSsstatement, whether due to fraud or error, and to Issue an audltor's report that Sncludes our opinlon. Reasonable assurance Is a hlgh level of assurance but Is not a guarantee that an audlt conducted In accordance wlrh ISAS IUK) wlll always detett a materlal mi55tatement when it exists. Misstatements can arlse from fraud or error and are considered m4terlal If, Individually or in the aggregate, they could reasonably be expected to Influence the economlc decislons of users taken on the ba515 of these flnancial statements. Irregularltles, Includlng fraud, are Instances of non-compllance with laws and re9ulatlons. We design procedures In Ilne wlth our respon5ibillties. outlined above. to detect materlal m155ratements In respect of irregularlties. Including fraud. The extent to which our procedures are capable of detectlng IrregularlEles. Includlng fraud are set our below. Capability of the audit in detecting irregularities In identifying and assessing risks of material mlsstatement in respect of irregularities, includlng fraud and non-compliance with laws and regulation5, our procedures included rhe following.. We enquired of management whlch included obtalning and reviewlng 5upportlng documentatlon, concernlng rhe chariry'5 policies and procedures relating 10: Identlfying, evaluating. and complying Wlth laws and regulations and whether they were aware of any instances of non-compliance. Detecting and responding to the rlsks of fraud and whether they have knowledge of anv actual, Suspected, or alleged fraud.
Independent audltorf5 report To the members of The Instltute of Group Analysls The internal controls established to mttlgate rlsks related to fraud or non-compllance wlth laws and regulatlon5. We Inspecied the mlnures of meetlngs of those charged wlth governance. We obtained an understandlrbg of the legal and regulatory framework that the charlty operates In. focuslng on those laws and regulatlons that had a mater5al effett on the flnanclal statements or that had a fundamental effeci on the operatlon5 of the charfty from our professional and sector experlence. We comrnunicated appllcable laws and regulations throughout the audit team and remained alert ro any Indlcation5 of noft-compllance throughout the audlt. We revlewed any reports made to regulators. We revlewed the flnanclal Statement disc105ures and tested these to 5UPPOrtlng docurnentatlon to a55e55 compllance wlth appllcable laws and regulatlons. We performed analytlcal procedures to Identlfy any unusual or unexpetted relatlonshlps that rnay Indlcate rlsks of materSal mlsstatement due to fraud. In addresslng the rlsk of fraud through management overrlde of conrrols, we tested the approprlateness of Journal entrles and other adjustment5. assessed whether the Judgements made in making accounting estlmates are Sndicatlve of a porentlal blas and tested slgnificant transactlons that are unusual or those Outslde the normal course of business. Because of the Inherent Ilrnltatlons of an audlt. there Is a risk that we wlll not detect all Irregularltle5, Includlng those leading to a materlal mlsstatement In the flnanclal Statements or non-compllance wlth regulatlon. Th15 r15k increa5e5 the more that compllance wlth a law or regulation Is removed from the events and transactlons reflerted In the flnanclal statements, as we wlll be less Ilkely to become aware of Instances of non-compllance. The rlsk Is also greater regardlng IrregularStles occurrlng due to fraud rather Ihan error. as fraud Involves Intentional concealment. forgery* coIIuslon, omlsslon or mlsrepresentatloTr.' A further descriptlon of our responsibilitle5 Is avallable on the Flnancial Reportlng Councll's website at: Thls description forrns pan of our audiior's report. 20
Independent audltorfs repo To the mombers of The Instltute of Group Analssls Use of our report This report Is made solely to the charltable company's member5 as a body* in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and sectlon 4411)Icl of the Charlries and Trustee Investment (Scotlandl Act 2005. Our audit work has been undertaken so that we might State to the charitable company's members those matters we are requlred to state to them In an audltor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume re5pon51bllity to anyone other than the charltable company and the charltable company'5 members as a bodyp for our audlt work, for thls report. or for the oplnlons we have formed. Judlth Mlller Isenlor statU¢ory audltor) Date 8 Aprll 2026 for and on behalf of Sayer Vincent LLP, statutory Auditor 11 O Golden Lane, LONDON. ECI Y OT Sayer Vlncent LLP15 ellgible to att as audltor In terms of sectlon 1212 of the Companles Act 2006 21
aOl5 2014 Vnf¢#vkted Gn•ral De%lgnat•d R•sQlct•& TDtsI ID¢drne from.. Lkniii¢tys and 20,516 20.5 15.776 15.77$ wA6sirioions 126.231 413.254 127.S60 296.079 1,289 455,004 4.416 328,034 Workyhopl ChrIN0ry 29.607 5,269 650,8•6 1,717 ,432 IhtL¥no 43.OS3 4.4a6 Expefiditur• rn.' 6ZthIJE 626.236 4,554 4,534 51,501 611.Z7T 612,271 56J,707 560.7UY 33,2SI 33.2 t lfttctht I 140.2611 17J41 14.441J o?.J?s> 197.7651 6.444 156 5.176 50,778 2.167 53.645 N41 i (ewF•ndMrl>fOrthlVll 133J241 125,499) 146.9101 14.Qll 19,0161 (25.4 149)12 To fundi bro¥WfOtt Tolal funtt5 cxrfld f•rtvard 1 2JO th)9 46.203 69,432 l.J12.610 1.2JO.a 78.448 22
Th DIGPAlty18 Ol•fv sho CarnpJDwno. 01495655 20Z5 2024 TngTre ailer lTh¥srments 76S.$61 573,72> 7S6.158 567.846 1.339,284 1,324,004 D¢btyrs i¥h at bi& and IR h 13.4OS 159.831 14.489 138.445 73.091 152.934 Credii4rs' duo on•y at rrInt iiiets I Illlblllllul IZO,664) Tolal n•t •srt• l Qlablllttu) T.J12.620 TholuR& of the th4r EndOWmntfvDds IS.405 34.OZ7 35,973 42.475 Un$trICted1rOffiE fvryd5.' Deslgnated 4&203 547.240 649.745 28.862 547.240 683,569 G•n4rn1 Total unr1strtrr funds 1.243.118 T.259.671 Tat•l dwlryfvnd• IJTZ,fj20 1.338,119 Appro¥od th tN¥f¢•5 oll 2026 ind styned on dSr bthaif bv: Chalr, 4o*rd ulTnbrtvs 23
The In5dNtE olGroupARatysts St•i¢m¢rt •f Ilth¥s 4p •nd•d 202S KThf•ii•n arn¢t1RmI I (•xp•ndFt¥r•) fo n•twh fl•wfrom OP•mkng 2025 2024 Ndtl•xpWltts fatth• r•p•Mng pqrfvd 125,499) Dtwcation ahd am0rtj5atDn char9t IC•lftsi on Inve%frnEnrs OMdoThJs. lTrterest rent from In¥rttrn•nts OKreise I I1(reaSe> In debtors IO•crnisel credrtors 5.J4J 15.B70) 15,269) 1,013 60.940 16,S87 151.64SI 11.391 cuh JOM62 11 D4,6291 Cmh 110 froffl aaW•i: DPrfldtnds. Interest and rents frath Purchase of Ilxèd as5trs PrnE*ds from sale ot In¥estffltnrs 5,289 114,746) 1,787 Il•t Guh provld•d I in) 1Th14111fi0 •cUme1 19,47 1871 Chwq In •Hd ln tlMyJ 21.116 C•Ah •nd eqvW•nls It thi b•glnnlTry ol th• lT 13&445 243,1 QO Clih ind #th• •nd olthiy•zr 159.631 131.44S 24
Tht lThstttut• •IGroupAlfySl6 Notes to the fflnaTrcl•l ststenKrts UI 202S T AccwnWng wltd •) Sl•lUEOry InfontIon Th•1Trstitut• of Group AnYls 15 a cfv•thiblo cornplry Ilffjlted and 15 IThcurporattd In England 4nd Waks. The fegltsred offiee iddr¢sJ pThnripAI pi4cegf Is l O<harn Gavdens. Lon(ton, NW3 5BY. 515 uf pr•piraUon Th• AnaThrlal Juiorn•nfs ha been prepared In iccord•nc¢ wlth AttounllTry And RepDrtln9 byCharltle5.' slarment ol ReComM&d Praitlce appllc4blE to chiTIt1•5 proparln4 iholr a0[51 accordince wlth tho FlnAncial flewrtlng 5r4ndard ¥pllcabh In th UK and RepL4¢ DflrelaThJ IFRS 102) ItffEttl l Jahuary 201$) IChirtll•s SORP FPS 1021, th4 FI11 Reporting Standard ippllcablt In the UK and Republlc ofirebaTrd IFRS 1021 (September 20151 and ihÈ CornpanlEJ ACE 2006. Agstls ind I11$1105 ar• Inltlalty ra¢rynl&•d at hlswrtcal (D5[ or Iwsxlltrh ¥• uTrl•ss othenvlje i¢ited In thq aCCOUMIa pollcy or Thor. The charlt&blt cornpany miots th• thflTrlrh>n ol i putslk bBnefil uhdei FRS 102. é) Gothq coNcerTr The IGA'S prlmary UPEratlDnal artl¥ltle5 resulrt Ih an Ure5ttId deflclt £40,2681Z024. (97.766 defldil thnd unreillsgd uTrre51rithod In¥eStmEnr Df £6.444 12024.. 150.7781. Consequenily. Ihe bilance of tho IG4's •ert•r rtserve fund has decre45Ed ro £649.745 12024.. 1683.5691. AIthu9h the charityconUnu¢$ io ieporr a deflclt. the ffqures show yoar-on-yeir IrnpmMenf Ih the cUrfentflnanElil yeir. DE$ptte ihe5t ftD4nclal mov¢m¢n15, performlnct fs¥+r tho pasi slx consecut1 years drrnDn5traies thir tht charlty IA rnslllnt Ind ibl• to wlthitand thi golrtq-ttsn¢¢m pre$AreS.AtCordIfflq. tho tnjitrei (onilder ihllt theyt no slpTrlficaTht uncert4lntle5 reglrdlnq ttht charltable ctsmpany's ablllty to coniinue aj i qpln9 cvncom. Th• rruJiee5 do no¥ conslder that thtre are ATrysource% of isf+mitson uTrcerralnty Ai th r•portlhg ditE Ihat haw i slgnlflcint rlsk •f cauilng a rniiorlal AdJusirn¢nr to th• uirylng amoun15 of $11& and lbIll¢S vjllhln the hext reportlng pertod. •) lThcqmi Ihcam¢ l• whery thi chrlty h•5 ertitl•m•nt tv ihi fvnds, iry pqrfprm•fflv evhdlth>ns ro th• IncDrn• been mel. It Is Pfob•tyle th¢ Ih• Incomr wlll be rtctlwed And that tht itnount ckn be Thasur•d rellawy. Th• rntrnber%hip yt4r ruTr5 fromJAnUary tv DECembEf•nd subscrfpt1005 Incorne Is recak%hlsod In lh• Sl•l•nltn¢ of Flninclat A¢Tlvhle¥ on A flrne •pportloned basls.Th• jfflOarn subKr4ptlons ar rho y•K •nd art knEludod lth crdltois". urtoumrs lilllng dutwlthln C•uts# 4Thd Almll4r InEom• COtsrS and Slrnllar lThcome r•c•lvibl• ind car4e5 for sor¥l(e5 Ind usq of premlses •rq ¥rount•d for In th• porlod In whlch thi s¢Nkt l¥ p¥ovlded. IntOrn rc•l¥•d Ih al the pro5 #f a iyclflid #er li d•frMd ufitll th trltrfl• for Income recogTrltn ire m•t. INtrJt On fvndi h•ld w dipv¥ll l¥ In¢ludid mc01• artd tho imoufitun b¢ ffl¢alur Tellably rh• c1, thls 1% normilly Upon ntstlflcatlan df th pihl or payabS byih• bink. F¥nd •tt•untlfiq RtrIcted and rndowtnenE fvndj Ire lo be used lor 5pe¢WIc puvpo5e5 41 lild down the donor. ExptndSturt thlch m¢e15 thes tFla Is chargtd to the fvid. Endowm•ht funds arn rnilirtilTr¢d 41 thElr capltil ¥41uewlth any Incomr IttraI¢ll btlng UAed for PIITpose5 5peclnod the donor. Unrpstrlifod funds •re dvnatlons Ind orhEr Incomlng rE>ovrct5 Dr gnif4tEd for the charttible wrpases. DE51gn41td fund5 ar• unr•5rrkred fynd5 qarrnarked by the tru5¢ee5 for partlculirpurpoSIS. h) ExpendltUF• 4n& Irre¢rver4bl¢ VAT Expendlture15 recogn15id Once the15 & legal ov tonstfUCtl¥ obllgatlon 10 rn4ke a p•ymEnr ro • Ihird Nrty, It li prabiblE thAt seEdemeni wlll be requlred ind the amount of the oblig•tIo cin be rntasured rp1b4y. EMpÈndliuro on ch•rltable aciivllliy lTrclud15 thE of piovldlng hlih quallty tr41nihg In group analy515. proyldlnq tnembeishlp servlce5 for 4Dd rnnIng work5hgps and events for nTernbern lx Wqll othEr actfvltle5 udertaken to lur¢hEr the purposes olrhE th4dty4nd thrlr 4550c14(ed 5UPPQrt costs. IvrecoVEtable VAT 1% chiryed cost igilnXT the actlvity forwhSrh the e¥pindltUre Wa5 tsKurrEd. O lratIon (bf Jupport f05ts Rt50urce5 eYpendEd arE Allocaied to the plrtlcular actlvitywhere the c05r rtl•ley dIrett to th4t Jctlwty. Htrrf4E¥er. the CDlt ol overall dlrecriDn 4nd adrnlnljtsaiion of each acEiYIty. tornprljlny the sal4ry and Dverhe&d sp5t5 oftht Centv& funciion. Is &pIrtion& the foll¢wlng which are an eJflmaie. based OD staff tirne, Df the aMuUntAilbutIb1e to each actmty. Where InfufmAtIDn a6Dtst iimj. otlethveJ ind prJJecr> of ihe proad to potentlal beneflclarte5. the c45ts assoclaied Viith this publicit¥&re allocated tD Ih•rltablq expEndliure. Acrivlty ro5rs art •pporrioned betwqen clarilae aCdvIes on the bas15 of 5raff tlrne spent Ofi providlng •CLivItI¢s. GoraTr¢e cosis are the cosr5 asso¢lated w+th thk yov¢rTrAnc¢ 4rrangerneniJ of rhe Ihirlty. ThÈJe caxts Ire iS50dated cDnsiiiutlonal and ST41UiQry requlrement5 and Include any cos15 3550claied wlih the slritegli management DI tho fharltv's aCtbAtleS. Renr41 chirges are chirged on a stialqht line bas15 overtho rerm of the 5e45e. 25
The In51111rte •t Grwp Ngt•s to thefthincw slateAXIIts l Attountlri9 POtitl¢i Tanwble flxed •isets Itern5 oltgulprnent arE tapltallsed where the purchase prfce exceeds ESUQ. Oepreclaiion Jlkxired to KINities Dn rhr b%ls of the us• of the reL4kd asset5 }• th¢seacriviriiy. Assets ir¢ rE<Wed for ImpalrmÈnt If clrcumstinees Indlcat¢ thelv vahje mayexcrtd th•lr n•f leISablE value ané value lff use. The laxt of tho IGA'S property wai dont in JlTrUry 2021, •nd had rv¥ult¢d Ih a gn vf £ioo,OQQ. The property Is don• 5 ye41s and the tharlty dots not thkik them Is change In the value ofthe woperty In thi5 Short gerlod of dmt. ThereforE. tht proptlty Value rEmwns the Me. Depclat1Dn Is prryvwqd •t rirvs G41culated ro wrlte d%rt¥Tr the ¢oft ¢if each asset Iv ils estlmired re51dual le ovei Its expectsd usel1 lrfe. The ttEpwictsUOrt r4r•y In use are Is lolltWI5'. Flxtuyti, f51rlng5 4nd eoulprnirt The Klno'x Fund LIbry I la on stTrlghi Ilne basls I• redKlng balancE INvt£trntTrts ar 4 form of bulc fln&niknl IhstlUlneNt ind Inltlalty rncownli•d At th•lrtrAnslCtlan iubi•quonity rn$rEd al IhlP 145rv4lu 4s ar the balinc• ihiqt date U51ng thE cIDSlhy 4UDtod rnarket prlie. Ahy change In fAlrvlu• wlll be recognlsed lfft thi 5tat•rnerf Iln4Dcl414alvltles. In¥e5trnenr galni and 105Sts. whether rnaused or uTrrea115ed, are romblned and shown In the headlki• Thet 94lnslll•ss¥) off Ih¥esrmeDIs" ity the st4temertollln1ncl acU¥llI. Thq dou icqulre put vptloThs. d¢ikntk4¢5 or other comp4•M InxtniM•nts. Tridi •th•rd¢biort 4r• ncognhed 4t tht StttsemtntaftKfyr du¢ afttr 4W trade dlsujunt offertd. P¥INt1 Ar valu it the amount prqplld hir pf4ny trado dlscounts due. C•sh •1 bwTrk4nd In haThd Cijb It b•nk and cash sn hand Intlude5 cajh 4nd ihort term hlghty Ilquld In¥estmenN wirh a short Thaturlty of thr•0 rnonthi or 11 fiom th• dato of 4cquI51tbDfi OW Optnlnq th¢ dwslt prxlmlllr K¢qu•t. o) Crqdltovs •nd pro110¥ CrEdltors ind PfOWlJl¢fi$ are rocogTrlsed where the chartty his 4 presEht oèllgitlok Peiultlng frum i pist evrht th4tvAII pr•b•b ID Ihe transftrof funds ro i thlrd pifty fhe arnount dvt ro se¢ the obllgirhin can be me•suv•d ¢r •srirnattd rlL1¥. Credllory and pravlslons ar• thormiWir¢o4nls•4 it thelr 5¢nlo¢Dent irTrD4nt zft•r allo9 forariy trade d15counts due. Th¢ ¢h411ry onfy th flMrK& isi•tS ahd flMh¢l•l lthbllltl•s Df u that 4uiIIfy is bulc IInancl lTr•truments. 8ulc flThanclal Instrumen lThIr1IY rEcognlsed &rtransactloM Value and stsb¥rqutnY Mcuuftd 1¢ th¢li ¥eidernoTrt lwIth th• Y%ceptloTh of nk loans whlch #ubiwuentsv mtaiuied It amortls•d cost uilng tht ellertlvE Internst mithDd. The ch•rityoperatii * COnTrlbUUoI pEnslon %ch•Me ITr Scottish Wdowi oroup pertilon i<hEme for th# b•Mni •f artklpariw em0ves hd ihl p•nslon charyo rtpfesents irnoullfs p4y•blo by the chadty to the lund In respect ol iht &. Th¢ 55its of the 5<heme are held Separte from thdjr of thc Chirlry In •n IndepoTrdontly admlnlsrered fund. There were no outItAndlw or prtId contrtbutloffl• It the ytar tno. 2 IrKom• from thwiub1•4th111 2025 ID34 Uritrirtd Restrtcted roTII Unrqstrlcted Restrlct•d men11$hIP subscrtprioni 16.231 454,5ZQ I Z7.564 29S,679 41.166 2fj.869 323,546 Woikihop ind othoi IhromEi Toral Incom• Ir•rn ¢fvIrftlE Kti¥ttEu 550.996 41,266 592,Z02 441.414 20,869 468.283 Y Iheom Iroffl IrrrfutrMREI Z015 Totsl Untesrrtcted 7014 TDrnI Unrestrtcred Restrlcted R¢sirlrtEd Llsied In¥tstmEhts 3.4BI S.289 1.787 1,787 1.788 S.269 1,787 1,787 26
Th• Inllt14rt4 OfGvoup NDt•s to thi ¥141¥miN 44 Anthsm •f •xp•rMlknre (qIrt>•lrt Basts of allocatio catrJn ppart G¢Jvernance 051 E05tg 2025 Totsl 2014 Total 5t4ff cosi (Nor 61 Exwhdlvjre ri)U15C5 Ind wothshopj StilyracItrnt khd rThlnkng OCCUPAW Costs Audltand a(coUntsn4f Leyal Expen$ps DtprEcLAtfoft Offlct •xpths Llbrary cosr4 Desnated fijnd proJECt5 esukted fvTrd.' coum Restrktid QMMhC4nd tyAlnknq txpinw Resirlcte& fvnds.. IrA•e$ and wl2 Strff rlmt Dirett Dli¢¢r U5a9Q 262.622 202.984 4,274 38.395 49.596 JTI,217 102,914 4,274 42.661 12,OOQ 317.479 30.025 3,745 SS,I61 10,200 18Q 16,587 32,404 1,625 13,441 23,464 1,124 8,000 4,26 12,000 Direct 4.784 JS,935 3,998 4,S34 16.216 3,015 12.250 532 3,993 5JT5 42.717 3.991 4.$34 Jfj.ZT6 i.ojs 72,250 Usa Dlrect 2,859 DlreLt DIFect OIFect 609.026 58,386 14.859 6A2.271 11 S.975 port COSt5 $8.386 158.386 owrnanc• cosrs 14.859 (14,8591 ToT41 2025 082.271 615.976 27
of Gmup Anal ?? ?nJr sls Df Educirhn SuPrt Govrn&nce costs costs 1024 Total 5t•ff r (Noie 61 Ep•n4rt¥r¢ co¥r5eF ¥4Ytrkshops Staff rBcNi¢rnoTri trn1Th9 0UPTr¥ casts Audlt Ind ir(ount•nry Legal EMpefis¢s Oepredatltsh oriict expenses Llbriry costs Lew¥fund proJects Resirkttd fufi05.' Tralfilny c¢MrJ Resrrlcttd funds.. QMthIAC knd tralnlry •¥p•Trwi Ilejirkted fun05.' ahd wlzob 51•tt tlmE Olr¢ct Olrert Usalle Oliert Dlrect Usage U54ge Dlrort Olierr Dlrnrt 265.4Z5 130.025 3.786 Sl.26S 52,054 317.479 130.025 3.716 58.961 )0.2DO 5,696 10,200 180 14,928 Z7.327 1.6Z5 I,Is 3,035 1&517 J2.404 1.62S 13.ml 23.464 1.124 242 13.464 1.824 8,000 $41.110 82,444 12,422 615.976 Supportcosts 62.444 162.444? Go¥ornancE Costs 12,422 112.4221 Tal wthdltur• 2024 415.976 28
4Èt It I lexpendttur•) thrth•¥•v 2025 loz4 5,515 Io,oNJ JJditOs 1•xEID VATr s1coAt YMr• u follws.. 1015 1024 S•l•rtes indw4e¥ 5oElal s•rurlty cost E0ve5 rcffjlrlbulonlod••d{0thn p•nskn chem• 100.495 21,161 9,154 23.713 JrT.479 t4mid MQY•th4n £60,000 ihyai12024. 60.000 Tht roittl effiplayEe bEnents lkndudlng wiion trIonI llfflpttyees knu14ficI tslth k•v m4f•Pmlftt pir1Dm wir• £176,895 I2024.. EI 70,175 1. Th• nW¥•Trtqn¢ p•rsonn•l In¢lM41 of Tr&nlTrll Offlcil Trilhln9 C•ntr• M4n•q¢r. lE[eE remun•r4tlon fw th•lr I(MIng r4imtsLYSQm•nt for thlrlrwl expenie. TTvsl¢¢Jthc I¢<Èta fefftUnÈrntlran fvrihwr tu£hin9 i•Y¥l¢tJ rnlMbws•rrtfjr In TM ¢urrtrtv•biwv•. - Illd (13,7501. Sharaffl ttrav 1728.651. Rth-Vq¢%ma ItvKhlfflg 11.4374nd 11.7Jl.V. Graharn Mck4y(tNthln9 18101, #lchaid BKq(kn¥ell £6751 5vEW4IKe tttthchln9 E556 4nd tr1 £3911. ThÈre confllcfof Int1 nalrdmwerattd ityoftheii a1>. Strtnurnbqr# Th¥ lknd couDi Dfithff emF10yed) th•vMIw 15 IZQZI.. Ilk 1015 21J24 fl irn p1rty1rS1(f1¥ns 1¥ th5doE for20Z5 Oih4r Lhan thoie anPJoth6 12DR51.' Thryrq 4rq donitlons frym p4rt11s which ar• DqVm41 caUr&•gIlln. •xLpt1•9llrydvn4Uuni lotiM5hg £20.516 om El Of A0d Moifis Nllsun. Th<hDrflibli rornpanyli from rorpLY•Ellni4X aj all Its Inroffl• li chvltibl0d IJ ipplled FDf chlldubll putPUSE5. 29
LVffiE4d FrtEhold propErty ThEKin4'5 Fud Llbrary •quipmenl Colt Ai EhE 51•ll af thE yvir AddDn% 750,000 40.661 14746 9.129 14.746 AtthEthd Dflb•y¢at 7511,000 63,414 9.829 131.253 •.oio 42.794 9,545 z8 50.349 5.343 Chatg• fvrihe vtar Atthe end ofth•y•4r 9,573 65.6 AtthE 750.00 705.sll Ai ihBJtvtotth• ¥•ar 750,QOO 756,158 l Dftho v¢ y5•Y pUw•s. Its25 2024 FT•thvlLt tund) 2D2.760 547.240 ?O?.Y6Q 547,240 lq¥aluill sul ?sD,000 75Q.000 Th• It1•hD PPop¢pT¥ ¥ l GIrdSlI purcha%td In 1982, In wrt7ivJhipllh th•S0d4tyof4fflahr Ps1h0y. lh• InstlEI dispwv ihvir Inf•rMI Inih kyopwty. M In¢lcattd vilu• rsanbI4. dWI¢tIOn h4s b•on ippll•d to frHhDld prDpffj Inleresf, 15 th• fru•l4•s coMld•rrh• 4sxrw 11Ong Ilf, 47 rh+ b414n¢l shv•t d¥t, t•ildual v4lu L¥a not IydlffÈlÉTh1 Its ¢4ttWng 4mtsunl, 4J rtie property IJ ¥¥dl-rn4lntlllnpd. The lt ollGA's w4J<rrnpl4t•d In lu& Th•rifllr•. lh• prop•rty th iof thi%finnd4l¥e4r. DInS Dlll¢• Fund lIan Fund Ufir•Stil(t•O funth 2025 2024 F4ifv•luq 4t Eho thrtolthÈye•r 14.048 21,9l4 507.447 Q241 S.170 S3ts4S Falr valv• thi ufihq yw 21,580 573,723 $67,846 ctsst Ihe ond OF th&11 ID.ooo 20,Dth) 365.000 yps.ooo 39S.000 All Invostmli 4r• 115tvJ thi London Stotk •Xl•thIn th• UK 30
ThilnAMrt4•f Group ArAtyIl Notu tOth¢ffthCl sMEfflelts 13 Doltr• IQ15 2024 COUVse5.kn?ik5hupi Pr¢pwThvs Accr Inturno &617 9,624 4,865 lJ,465 14,489 •JT.fv cwry4ng of thE5E ile ShTh 4bD¥¢ In nole 11 bdlw. 14 frndth: Nllni on•¥• 1025 2024 Trade (rtdttors Taxillvn ind lor1 MLui Qthr Urydlttsrs 2.456 7.wl 17,485 5Z,V39 S2.307 199,760 Oftrrodlnroffle CDrnwI ffl•mb•rshlp fM•rtd lrffftvitvlvryd Id¥41.. 20?1 2024 110.151 AmouDrrnl•is•d ro Ihcami In theYr AoLt dlri¢d lfj tb•v41 SSj,274 14nc• itthi •ryd alih yHr 153.174 18 Im•unt Plylblq byihq tharrtVloLhi fund In i•&p•ct 1th1¥•Ar. Th• l•ti oethq lit hhi Irom tho&1 In In Ind•pond•ntly lldmlnlJl•r•dfvnd. Th•ri Owstindlny w pMPd rorrtrlbudans 41 yq4t d. 171 of TrrtAU•ts trurmhtv unr+stFlcrnd rtsor¥e OiJl9n•tsJ End¢ym•nr T4nglbl•flMd 547,140 JS,4¢5 573.723 92.066 46,103 I417 rtht 4tJlJutr¥ 1015 149.745 S47.240 46J03 Y4.1127 J9.405 17b b•r4qfvnd• (prfor) r•É•r Oo61rnatott Rdsirlct•d Tanrlbl• flx4d •$sotS zo&yia 547.240 Ir*I¢EIl 35.973 567,848 Currtnt ass•ts 21.162 42.474 15Z,934 N•tus•tsat Jl Jutr2Q24 6a3.569 547.240 ZU.B62 42.47$
Th• lnstityt•ofGwwth1 •A 31 Ju¢v 2025 2QZ4 IgsSe5 Tran51Ets Dennls FL •rf$4OIWon Fund 14,049 21,924 11.115 21.51Q R. Ca55on S(holaNhlp Fund Denn15 Fund 110 Ft Sctstlthd cL¥Jr5•5 1¥4MAC London FL¥Jnd4don Co¥r5t b15411? VM•nD•Cohth bur5wylund blalrth Plns Iw¢v hjnd 1,612 2.5S0 559 ii.vooi 11,oooi U6.2TS1 4.447 4,511 877 16.LY)D 4,000 Iits,000) 4.trjo 43.054 IS2.0691 Ur•ttId fvndy. Unrwthclrd 9nIfvtsd r•sqrv• 663,519 51T.2I0 592.411 (6Z6.Z3FI 141745 547,240 proJ•rt# fur 26,Y6T 1,9DD 21.076 14.534} 44.JOS 1.259.fj70 614.281 6JQ.77Ql 1.24J.Il• 657.342 1682,03¥) Ilb IAv4qffl•rtb lfi •And (prbxrnrt In(ornq & Exp•ndllWq & At JT lY ZOl4 2023 Tr4 DMnlJ BrLWn Fund Ollon Fund 13.066 ZQ,V4Q 983 A. Ci>san Sch¥ShIP Fund 1.743 3.QO8 S42 Iimoi Ylsa Dlllon Wtsion Fund Sr¢i14nd cou1$41 fund rirbion CoJli•sfuDd QMMAC 1,550 Z.401 3,45 5.586 4,C35 5118 I.ODD ?,000 2.ODO 14,633 2,236 776 44Y lJ64 Fuundltlon cour bur>arl•i IGAN LDNdonl Fltziovla GioupAn4ty515 5uls•ry inno Cokn bursary fwd Ma5cplm hyacy lur IoMoo 4.000 2,OOQ Totsi rqJtrf¢¢e4 ind 4nd¢TrCfrJIdI 64.436 47.299 3,2111 71.448 Ufflr4slrttt fuhd rtsrn 730.$51 547,240 613.569 $47.Z40 Li9a£v prtslerti Websbt• dtvelopmert fund 35.917 1.900 .416 Z6.562 i.ioo Unr•strkt•rtfunds 526.285 571.5a4 32
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