2025-03-31-accounts

Institute of Integrated Systemic Therapy

Company number: 01708301 Charity number: 286909

Annual Report and Accounts

For the year ended 31 March 2025

Contents

	Page
Vision, Mission and Aims	1
The Charity and Integrated Systemic Therapy	1
Trustees’ Report	2
Achievements and Performance	2
Financial Review and the Results for the Year	3
Risk and Uncertainties	4
Structure, Governance and Management	5
Approach to Fundraising	6
Public Benefit	6
Statement of Responsibilities of the Trustees	7
Disclosure of Information to the Auditors	7
Independent Auditor’s Report	8
Financial Statements	11
Notes to the Financial Statements	14
Reference and Administrative Details	22

IiST Annual Report and Accounts 2024/25 Trustees’ Report

1

Vision, Mission and Aims

Our Vision

To be the leading provider of therapeutic care, education and treatment for children and young people who have experienced early childhood trauma.

Our Mission

To transform the lives of children and young people who suffer severe emotional and psychological difficulties, so that they can relate well to others and fulfil their potential.

Our Approach

A form of psychotherapeutic group living and learning modelled on healthy relationships, adapted to the developmental needs of children and young people suffering early childhood trauma.

Our Values

• Authenticity – to ensure that the choices and decisions we make reflect our feelings and beliefs.

• Resilience – to recover from difficult experiences whilst maintaining psychological well-being.

• Compassion – to respond to other people’s emotions and take action to help others.

• Dedication – to give the time and energy to care for traumatised children and young people.

• Aspiration - to hold onto hope for the children until they are able to hold onto it for themselves.

The Charity

The charity’s origins can be traced to 1919, with the foundation of Park House, a Training School for Jewish Boys in Middlesex. In 1947 the school relocated to Peper Harow House in Surrey, evolving in the early 1970s into a pioneering therapeutic community for troubled adolescents, which established the therapeutic values for which the charity is now renowned.

Over the last 25 years, the charity has developed to consist of five therapeutic communities and a therapeutic independent special school. These therapeutic environments have continued to develop their services in line with modern day challenges and needs and remain at the forefront of caring for, educating and clinically treating some of the countries most traumatised children and young people.

Integrated Systemic Therapy

iST is a systems-based and group-based therapeutic intervention, which also integrates individual psychotherapy. Within the context of a shared ‘therapeutic community’ life, iST focuses in particular on a structure of overlapping psychodynamic groups and supervisions, aimed at facilitating individual and group self-awareness and change, at behavioural, emotional and psychological levels. It is particularly suitable for children and young people who have experienced serious emotional and psychological trauma, and who struggle to function safely and effectively in less specialised settings, such as in families and schools. iST is accredited by the UKCP (United Kingdom Council for Psychotherapy).

The Institute of Integrated Systemic Therapy (IiST)

In 2015 Childhood First changed its name to The Institute of Integrated Systemic Therapy to reflect its special status as a clinical training and research organisation. Accordingly, we adapted and refreshed our ‘brand identity’ to reflect the seamless integration of our care, education, training and research. We continue to deliver our therapeutic services for children under the name of Childhood First.

IiST Annual Report and Accounts 2024/25 Trustees’ Report (continued)

2

Trustees’ Report

Welcome to our 2024/25 annual report. This year we have made huge strides forward in equipping the charity with the systems, developments and processes required to continue to meet the needs of our children and young people, and our staff that work so tirelessly to care, educate and treat them each and every single day.

In line with the Charity Commission’s ‘Principles of Best Practice’, the Trustee Board undertook a full and comprehensive review of its Trustee governance processes. This has improved the process for recruitment, induction and performance of Trustees, and engagement with Patrons.

The executive team, led by Chief Executive, Gary Yexley has continued to ensure that the day to day care of the children and young people is safe and meets their complex emotional, educational and social needs. The training team has continued to deliver the high quality clinical training to the staff, and over the next year more of the quality improvements identified as required in the Charity’s five-year strategic plan will be realised.

Our homes continue to demonstrate a high level of compliance with our statutory requirements with all of our five homes and our school receiving Ofsted inspection ratings of ‘Good’ or ‘Outstanding’. As we look forward to the coming year, we will continue to implement our five year Charity Plan to ensure that we treat children safely and effectively.

Our Achievements and Performance

Strategic Objectives

We provide specialist 24/7 care, treatment and education for children and young people living with complex psychological trauma, emotional, behavioural, social and educational difficulties.

The organisation’s strategic objectives have remained consistent throughout our strategic review process and continue to best articulate the overriding goals of the new strategic plan, its priorities and developments. These objectives are to continue to meet the children’s needs with and through:

1. Therapeutic effectiveness ; ensuring that we treat traumatised children safely and effectively through our clinically based residential, education, fostering and support services.

2. Sustainable service growth ; creating new service capacity and expanding our clinical and management training to develop the next generation of service leaders.

3. Developing external profile and influence ; develop our external influence and impact for traumatised children through research, conferences and clinical publications.

We have a five year strategic plan which consists of core strategic tasks, service quality improvements and business developments. We are making significant progress in all areas having completed a large part of the core strategic tasks and service quality improvements. This next two years will be to embed the changes in our clinical and operational practice as we continue on our path of continual improvement.

What we achieved in 2024/25

Our People

We continue to make significant progress within the strategic areas described above. In relation to meeting our objectives to develop our workforce, this year we improved the awareness, attraction and value of the clinical training offered to our staff by clarifying and integrating staff training career progression routes. We launched a new human resources management system which gave staff greater access and control to staff. Our new improved employee benefits portal was launched which enabled staff to access a greater range of support, improving the total reward package to staff.

Our Services

We have continued to make significant progress towards our aim at providing services that represent a single integrated approach to therapeutic care, education and treatment. All of our therapeutic residential services and our school have all achieved ‘Good’ or ‘Outstanding’ ratings from Ofsted. We have improved our referral and matching process to enable us to ensure that the services we provide are tailored to the children and young people most in need of them. Our therapeutic special school continues to support our children and young people with achieving their educational potential with children sitting their GCSE’s and applying for college placements.

IiST Annual Report and Accounts 2024/25 Trustees’ Report (continued)

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Our Future

We continue to lay the important foundations to meet our future aspirations in developing our services to reach more children who require specialist therapeutic services. To achieve this we continue to improve the structures, systems, standards and regulatory requirements to ensure a consistent approach and application of our service.

We are developing new business plans to expand our services to develop an expanded model of care, therapy and education in Norfolk that is consistent with the model in Kent and to build more capacity across the age groups of all the children and young people we serve.

Financial Review and the Results for the Year

Through a planned simplification of the group structure, the two trading subsidiaries, Childhood First (South) and Childhood First (East Anglia) were closed in the year and the activities of the group rolled into the main charity. This has had no impact on the consolidated summary of the accounts except in that that all the trading activity is accounted for in the single entity.

Income and expenditure

We made a surplus this year of £569k for the year (2024: £908k). This was made up of income of £11,613k (2024: £10,875k) generated mostly from the placement of children in our residential care homes. Average placements increased to 34.4 from 33.4 (86% occupancy (2024:83.55%) which together with price rises on new placements, generated additional income of £736k over last year. The increase in surplus was driven mostly by the increase in income but costs also increased by £1,186k or 12% arising mostly from wage inflation and a reduction in staff vacancy rates.

Cash position

Our cash position reduced as we moved surplus funds to investments.

Investments

Our investments increased in the year from £5,814k to £6,938k. We also amended our investment policy during the year as follows:

• To protect the capital value of our investments in real terms, i.e. at least in line with inflation measured over the long term (defined as 5-7 years).

• To ensure that our investments will be managed by Fund Managers.

• To ensure that funds are sufficiently diversified to both protect against downside risk and allow for upside opportunity.

• For Finance Committee to review and report on the performance of our Fund Managers and our holdings twice a year.

Our prime ethical consideration is to avoid any conflict of interest between the charity’s objectives and the activities of any company in which the charity has invested. Trustees may not apply their own personal ethical criteria to the Childhood First’s investment policies, but can employ ethical criteria where these can be shown to be linked to its general work.

Finance Committee review our investment strategy twice a year in the light of capital spending plans to ensure that we are taking an appropriate view of our liquidity needs and the investment horizon of our holdings, and at other times as appropriate.

IiST Annual Report and Accounts 2024/25 Trustees’ Report (continued)

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Financial reserves

Our financial reserves increased from £11,973k to £12,543k, of which £5,834k (2024: £10,663k) are general reserves and £6,683k (2024:£12,309k) are designated. Designated reserves are those allocated to the value of fixed assets or are set aside for planned business developments. There are also restricted reserves of £25k. The Trustees’ reserve policy is to achieve and maintain an appropriate but not excessive level of general reserves to support its activities, taking into account the risks to which it is exposed:

• to provide working capital to manage fluctuations in its cash flow;

• to provide protection against a serious disruption to its communities and a buffer for unexpected events, such as emergencies or an unplanned closure of services;

• to provide protection against a decline in the market for our services; and

• to provide for the strategic improvement in the quality of our service quality.

Risk and Uncertainties

Trustees have assessed the major risks to which the charity is exposed and believe that systems and controls are in place to mitigate our exposure. Our major risks and the actions which we take to mitigate them further include:

• Failing to comply with data protection regulations and governance structures. Our current controls are that a DPO was appointed and registered by the ICO following a full external review of the organisations GDPR compliance.

• Failing to comply with our policies and procedures. Our current controls are that our policies are kept under review and are available to all staff, and there is close management of all new staff through the induction process. Interview process makes obligations clear and there is regular supervision of staff.

• Failing to comply with health and safety regulations. Our current controls are that health and safety processes are established and reviewed by community directors and senior management and all accidents and injuries are logged and notified.

• Loss, harm or damage due to uncontrolled changes to the school provision in one of our regions. Our current controls are discussions are ongoing and legal advice has been obtained to prepare for a loss of school places.

• Failure to comply with employment legislation and safer recruitment checks. Our current controls are that there are robust recruitment processes in place ensuring that all staff are vetted including DBS checks for all staff.

• Loss of business continuity as a result of migrating IT structures and systems to integrated cloud based systems. Our current controls are Cyber security in place across our infrastructure including MFA. Back-up systems are in place as part of business continuity plans and our IT support service is on hand to manage IT systems and security.

• Loss, harm or damage due to key members of senior staff being absent due to illness or other unplanned or unexpected event. Our current controls are regular supervision protocols including external clinical supervision and private medical insurance offered to senior staff.

IiST Annual Report and Accounts 2024/25 Trustees’ Report (continued)

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Structure, Governance and Management

Governing document

The Institute of Integrated Systemic Therapy is a private charitable company limited by guarantee (a company without share capital). It was incorporated on 22nd March 1983 as the Peper Harow Foundation and registered as a charity on 12th May 1983. It changed its name to Childhood First on 16th July 2008.

To reflect its special status as a training organisation, it changed its name to the Institute of Integrated Systemic Therapy on 28 September 2015. It is governed by memorandum and articles of association which were last amended on 24th November 2004. It continues to trade under the name Childhood First.

The objects of the charity, as laid down in the Memorandum of Association, are to promote and further the care, treatment and rehabilitation of children and adolescents who are psychologically and emotionally disturbed and to promote fuller understanding and knowledge of the causes of psychological and social disturbance and ways in which the causes may be reduced or their consequences ameliorated.

The charity believes it remains compliant with the Charity Governance code.

Recruitment and appointment of Trustees

Trustees are recruited through a new independent process. The sensitivity and risks of the work, and our systemic understanding of therapeutic psychodynamics, mean that all Trustees are thought about very carefully before invitation to join the Board. All Trustees are required to retire from office by rotation and are eligible for re-election every three years.

Trustee induction and training

On joining, Trustees are given an induction pack and are invited to meet with the Chief Executive and senior staff for a full briefing and discussion about the work of the Charity. They also visit one or more therapeutic communities. Trustees will have been recruited for their skills, knowledge and experience. Training is arranged on an individual basis where additional skills are needed for specific functions.

Organisational structure

The Articles provide for between five and fifteen Trustees; there are currently nine. Each Trustee is expected to add significant value to the beneficiaries. This is normally through their knowledge, expertise, experience or influence, but can include their ability to provide financial or material support, or their network of other people willing to provide such support. The Trustee Board aims to include members with a range of expertise, including clinical and social work, education, child and family law, business, management, fundraising, marketing and campaigning.

The Board of Trustees meet every quarter. During the year, there have been a number of sub-committees which met quarterly, chaired by Trustees but with additional external members with relevant experience. In addition, we have local support groups for fundraising led by Sarah Scarratt (Kent) and Trish Phillips (Norfolk). The Development Board has been set up with the purpose of fundraising for future developments.

All Trustees give their time voluntarily and do not receive any material benefits from the charity. We would like to thank all those involved for the time and expertise they provide to the charity.

Management and core activities

The Board of Trustees is responsible for the strategic direction and policy of the charity. It has delegated the day-to-day running of the organisation to the Senior Leadership Team led by the Chief Executive.

Our core activities are centred on the work of the following five residential therapeutic communities:

• Greenfields House, Kent, for up to ten children aged 5 to 12. The children are educated at Greenfields School, which also has places for day pupils;

• Gables House, Kent, for up to eight children aged 10 -16. The children are educated at Greenfields School or onsite;

• Earthsea House, Norfolk, for up to eleven children aged 5 to 14. Education is provided on an adjacent site; and

• Merrywood House, Norfolk, for up to eight children aged 11 to 17. Children are educated externally.

• Oakwood, Kent for up to four children aged 11 to 17. Education is provided at Greenfields School or onsite.

IiST Annual Report and Accounts 2024/25 Trustees’ Report (continued)

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The residential communities provide integrated programmes of care, education and treatment to children and young people of various ages who have experienced severe emotional trauma. Placement and Family Support is also provided as part of the core services.

The basic operational expenditure is primarily supported by a Local Authorities paying an agreed fee for the children placed at the residential communities.

Remuneration Policy

The remuneration of the staff is set by the Chief Executive in discussion with the Trustees and the remuneration of the Chief Executive is set by the Chair.

Our Approach to Fundraising

Our operating expenditure is primarily supported by Local Authorities paying an agreed fee for the children placed at the residential communities. However, such funding is not sufficient to cover all our growth and development plans, research and training, and other initiatives that enhance the lives of the children. Voluntary and grant funding is therefore essential to the sustainability and development of our work and our ambition to increase the number of children and families we can support.

Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. Although we do not undertake widespread fundraising from the general public, the legislation defines fund raising as “soliciting or otherwise procuring money or other property for charitable purposes.” Such amounts receivable, are presented in our accounts as “voluntary income” and include legacies and grants. In relation to the above we confirm that all solicitations are managed internally, without involvement of commercial participators or professional fund-raisers, or third parties. The day to day management of all income generation is delegated to the executive team, who are accountable to the trustees.

Public Benefit

Children are referred to our residential communities from all over the UK. Our work with the children is intensive and specialised in nature because of the levels of childhood trauma that have been experienced. For this reason the number of children and young people who directly benefit from our work each year is relatively small.

Each child, however, represents a major investment of time and public resources. Without successful treatment, these children are likely to continue to demand substantial resources from social, health and justice systems throughout their lives, to impact adversely the lives of many other children and adults and to pass on similar needs to their own children. Thus the number of people who benefit from our work, directly and indirectly, is substantial.

The opportunity to benefit from our work is open to all those who are eligible, as identified by the appropriate Local Authority and mental health services, and all those whom we assess can benefit from the services. As the cost of each placement is met by the Local Authorities, no child or young person is denied the opportunity to benefit on account of their own, or their family’s inability to meet any fees due.

The specialist nature of our service and our unique and successful approach based on five decades of experience, research and clinical development, allows us to influence national policy, service provision and relevant professions widely on behalf of children and young people we serve. This is a further way we believe the charity provides a public benefit.

IiST Annual Report and Accounts 2024/25 Trustees’ Report (continued)

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Statement of Responsibilities of the Trustees

The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees’ Report (including the Strategic Report) and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and charity and of the incoming resources and application of resources, including the income and expenditure, of the group and charity for that period.

In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the applicable Charities SORP;

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Financial statements are published on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements, which may vary from legislation in other jurisdictions. The maintenance and integrity of the charity’s website is the responsibility of the trustees. The trustees’ responsibility also extends to the ongoing integrity of the financial statements contained therein.

Disclosure of Information to Auditors

All of the current Trustees (who are the directors of the company) have taken all the steps that they ought to have taken to make themselves aware of any information needed by the Charitable Company’s auditors for the purpose of their audit and to establish that the auditors are aware of that information. The Trustees are not aware of any relevant audit information of which the auditors are unaware.

The Trustees’ Report (including the Strategic Report) was approved by the Trustees and signed on their behalf by:

Dr Henrietta Hughes OBE Chair of trustees

9 December 2025

IiST Annual Report and Accounts 2024/25 Independent Auditor’s Report

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Independent Auditor’s Report

Opinion

We have audited the financial statements of The Institute of Integrated Systemic Therapy for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, the group and parent charitable company’s Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 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:

• give a true and fair view of the state of the group’s and of the parent charitable company’s affairs as at 31 March 2025 and of the group’s and parent charitable company’s net movement in funds, including the income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

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 group 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 group’s 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.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ 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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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:

• the information given in the Trustees’ Annual Report (which includes the strategic report and the directors’ report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the directors’ report included within the Trustees’ Annual Report have been prepared in accordance with applicable legal requirements.

IiST Annual Report and Accounts 2024/25 Independent Auditor’s Report

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Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report (which incorporates the strategic report and the trustees’ report).

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept by the parent charitable company; or

• the parent charitable company financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees’ remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on page 9 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 group’s and the parent 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 group or the parent 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 the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder

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 is detailed below:

Based on our understanding of the group and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations, and we considered the extent to which noncompliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011, Charities SORP (FRS102), Companies Act 2006 and payroll taxes.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and the recognition of income. Audit procedures performed by the engagement team included:

• Enquiries of management regarding correspondence with regulators and tax authorities;

• Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;

• Reviewing the controls and procedures of the charity, particularly in relation to the recording of income and processing of payments and payroll, to ensure these were in place throughout the year

• Evaluating management’s controls designed to prevent and detect irregularities; and

• Reviewing and testing journal entries made in the year, particularly those made as part of the year-end financial reporting process.

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

IiST Annual Report and Accounts 2024/25 Independent Auditor’s Report

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

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. 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.

Steven Harper (Senior Statutory Auditor) 10 Queen Street Place For and on behalf of HaysMac LLP, Statutory Auditors London EC4R 1AG

Date 17 December 2025

IiST Annual Report and Accounts 2024/25 Financial Statements

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Consolidated Statement of Financial Activities

for the Year Ended 31 March 2025

Notes Unrestricted Restricted Endowm’t £ £ £ Income Donations and legacies 128,752 45,324 - Charitable activities 11,308,998 - - Investments 123,213 - - Other 6,354 - - _ _ _ Total income 11, 567,317 45,324 - _ _ _ Expenditure Raising funds 89,057 - - Charitable activities: - Therapeutic residential care 10,417,557 43,682 - Training 517,142 - - _ _ _ Total expenditure 2 11,023,756 43,682 - _ _ _ Net income before investment gains 543,561 1,642 - Gain / (loss) on Investments 24,172 - - _ _ _ Net income 567,733 1,642 - Transfers 483,947 - (483,947) _ _ _ Net movement in funds 1,051,680 1,642 (483,947) Total funds brought forward 11,465,775 23,530 483,947 _ _ __ Total funds carried forward 12,517,455 25,172 -	Total £ 174,076 11,308,998 123,213 6,354 _ 11,612,641 _ 89,057 10,461,239 517,142 __ 11,067,438 __ 545,203 24,172 __ 569,375 - __ 569,375 11,973,252 ____ 12,542,627	2024 Total £ 268,977 10,476,359 119,203 10,693 _ 10,875,232 _ 147,239 8,905,973 828,211 __ 9,881,423 __ 993,810 (85,649) __ 908,161 - __ 908,161 11,065,090 ____ 11,973,250

The Statement of Financial Activities incorporate the income and expenditure account and includes all recognised gains and losses in the current and prior year. Further detail on the 2024 comparatives are shown in Note 16a.

The notes 1 to 16 form part of these financial statements.

IiST Annual Report and Accounts 2024/25 Financial Statements

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Consolidated and Company Balance Sheet as at 31 March 2025 Company number 01708301

		Group	Group	Company	Company
		2025	2024	2025	2024
	Notes	£	£	£	£
Fixed assets
Tangible assets	7	4,756,393	4,881,187	4,756,393	4,016,366
Investments	8	6,938,504	5,814,332	6,938,504	5,814,332
		__	__	__	__
		11,694,897	10,695,519	11,694,897	9,830,698
		__	__	__	__
Current assets
Debtors	9	489,981	393,861	489,981	86,151
Cash at bank		1,010,835	1,502,234	1,010,835	1,414,675
		__	__	__	__
		1,500,816	1,896,095	1,500,816	1,500,826
Creditors
Amounts falling due within one year	10	(653,086)	(618,363)	(653,086)	(7,420,839)
		__	__	__	__
Net current assets/(liabilities)		847,730	1,277,732	847,730	(5,920,013)
		__	__	__	__
Total assets less current liabilities		12,542,627	11,973,251	12,542,627	3,910,685
		__	__	__	__
Net assets		12,542,627	11,973,251	12,542,627	3,910,685
		__	__	__	__
The funds of the charity
Unrestricted funds
- General reserves		5,834,043	10,663,581	5,834,043	3,108,492
- Designated funds	12	6,683,412	802,193	6,683,412	802,193
		__	__	__	__
Total unrestricted funds		12,517,455	11,465,774	12,517,455	3,910,685
Restricted funds	11	25,172	23,530	25,172	-
Endowment funds	13	-	483,947	-	-
		__	__	__	__
Total charity funds	15	12,542,627	11,973,251	12,542,627	3,910,685
		__	__	__	__

The financial statements were approved and authorised for issue by the Trustees on 9 December 2025 and were signed on its behalf by

Dr Henrietta Hughes OBE Chair of Trustees

The notes 1 to 16 form part of these financial statements.

The surplus for the Institute of Integrated Systemic Therapy was £569,375 (2024: deficit £1,616,338).

IiST Annual Report and Accounts 2024/25 Financial Statements

13

Consolidated Cash Flow Statement

For the year ended 31 March 2025

Notes Cash flow from operating activities Net income for the reporting period Depreciation (Gains) / losses on investments 8 (Profit) / loss on fixed assets (Increase) / decrease in debtors 10 Increase / (decrease) in creditors 11 Net cash generated from operating activities Proceeds from sale of investments Purchase of investments Purchase of property, plant and equipment Proceeds from sale of property Net cash (used in) financing activities Change in cash in reporting period Cash at beginning of year Cash at end of year	2025 £ 567,619 165,181 (24,172) (5,684) (96,317) 36,479 643,106 2,200,000 (3,300,000) (44,305) 9,800 (1,134,505) (491,399) 1,502,234 1,010,835	2024 £ 910,674 177,875 85,649 1,552 73,482 (633,429)
		615,804
		- (2,000,000) (33,930) -
		(2,033,930)
		(1,418,126) 2,920,360
		1,502,234

The notes 1 to 16 form part of these financial statements.

IiST Annual Report and Accounts 2024/25 Notes to the Financial Statements

14

Notes to the Financial Statements

1 Accounting policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the consolidated financial statements.

a) Basis of preparation

The Institute of Integrated Systemic Therapy is a charitable company incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given in the Reference and administrative detail page and the nature of the charity’s operations and its aims and objectives are set out in the Trustees report. The financial statements have been prepared under the historic cost convention as modified by the valuation of investments and defined benefit pension schemes in accordance with the Accounting and reporting by Charities: Statement of Recommend Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS102).

Judgement and key sources of estimation uncertainty

The trustees are satisfied that there are no material judgements and estimates used in the production of the financial statements.

Basis for consolidation

The consolidated accounts include the financial statements of the Institute of Integrated Systemic Therapy (‘IiST’) and its subsidiary undertakings, Childhood First (East Anglia) Limited and Childhood First (South) Limited All of these charitable companies are incorporated in England and Wales. Through a planned simplification of the group structure, the two trading subsidiaries and Princess Mary’s Trust, of which Institute of Integrated Systemic Therapy was the sole trustee. were closed in the year and the activities of the group rolled into the main charity. This has had no impact on the consolidated summary of the accounts except in that that all the trading activity is accounted for in the single entity.

In accordance with the provisions of the Companies Act 2006 the parent charity is exempt from the requirement to present its own profit and loss account. The total incoming resources from the parent charitable company for the year was £11,612,641 (2024: £1,683,866). The result for the parent charitable company, including unrealised surpluses on investments for the year was a £569,375 surplus (2024: £1,616,338 deficit).

b) Fixed assets and depreciation

It is the charitable company’s practice to maintain freehold buildings in a continual state of sound repair.

From the commencement of 2015-16 depreciation has been charged on the building element of the asset. In addition, the Board of Trustees carries out an impairment review every year. If those reviews show that the book value of a property falls below both its net realisable value and its value in use, then an impairment charge will be recognised to reduce its carrying value to the lower amount.

Fixed assets are stated at cost less depreciation. Items costing less than £1,000 are not capitalised. Depreciation is provided to write off the cost of each asset over its estimated useful economic life by equal annual instalments as follows:

Freehold Buildings 2% Furniture, fittings, tools and equipment 10% - 33% per annum Motor vehicles 25% - 33% per annum

c) Leases

Where assets are financed by leasing agreements that give rights approximating to ownership ('finance leases'), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the statement of financial activities.

Lease payments are analysed between capital and interest components so that the interest element of the payment is charged to the statement of financial activities over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.

All other leases are treated as operating leases. Their annual rentals are credited to the statements of financial activities on a straight line basis over the term of the lease.

Annual rentals are charged to the statement of financial activities on a straight-line basis over the term of the lease.

d) Income and expenses

• Expenses, rental income, investment income, interest receivable and fees are accounted for on an accruals basis. Donations are accounted for when received or receipt is probable. Legacies are accounted for when received or if, before receipt, there is sufficient evidence as the probability of the receipt and value of the legacy. Grant income received is deferred to future accounting periods to the extent that the conditions for its receipt have not yet been met. Fee income is recognised in line with the delivery of the related service, with fee income spread evenly over the period of a child’s placement. Payments received in advance of the associated placements are deferred.

e) Allocation of expenses:

• costs of generating funds comprise the costs associated with attracting voluntary income;

• charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them; and

• support costs are allocated on the basis of staff numbers.

f) Investments

• Listed investments are included in the balance sheet at market value. Realised gains and losses on the sale of investments and unrealised gains and losses on the revaluation of investments are included in the statement of financial activities.

g) Funds:

• Unrestricted funds

These represent funds which can be expended as the Trustees see fit, in accordance with the charitable objects of the group. These are further split into designated funds, which represent the fixed property assets, the pension reserves, representing the pension deficit, and general reserves.

IiST Annual Report and Accounts 2024/25 Notes to the Financial Statements

15

1 Accounting policies (continued)

• Restricted income funds

• These represent income received which can only be expended for the purpose specified by the donor.

• Permanent Endowment fund

This represented assets donated which were to be held as capital and not converted to income.

h) Pension costs

• a number of employees belong to the Teacher’s Pension Scheme, which is a defined benefit scheme. It is not been possible to identify the group’s share of the underlying assets and liabilities in the scheme on a consistent and reasonable basis, and contributions have been charged to the income and expenditure account as they are paid;

i) 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.

j) Cash and cash equivalents

• Cash and cash equivalents are near cash items with a similar risk profile to cash and can be accessed within three months.

• k) Going concern

• The Trustees have considered the matter of going concern and believe that the charity remains a going concern for the following reasons:

• There remains a high demand for our residential service and we operate close to or above 80% of our current capacity.

• • Our fees are structured so that they deliver a surplus.

• We do not face a counterparty debt risk as all customers are Local Authorities.

• We do not rely on fundraising income to cover our operational costs.

• We have a successful track record of recruiting and training staff to deliver our service.

• We retain adequate reserves to meet our reserves requirement.

• The organisation has successfully adapted key processes (e.g. training, financial management) to the new business environment.

• It has a new but experienced management and, because of its overall size, can adjust quickly to changing conditions.

• There is a relatively high level of reserves and liquidity to ensure the charity can both make strategic developments and settle its debts as they fall due over the next twelve months.

Trustees are satisfied that there are no material uncertainties related to events or conditions that cast significant doubt upon the Charity and Group’s ability to continue as a going concern.

2 Analysis of total expenditure

Basis of allocation Costs directly allocated to activities Direct staff costs Direct Care costs including travel Direct Premises costs Direct IT, admin and professional fees Direct Total Support costs allocated Staff time Total expenditure	Therapeutics Residential care Training Fundraising 2025 Total 2024 Total £ £ £ £ £ 7,934,874 368,442 - 8,303,316 6,821,739 1,104,293 65,424 7,287 1,177,004 1,160,581 751,078 - 18,492 769,570 429,894 802,011 5,757 9,780 817,548 150,126
	10,592,256 439,623 35,559 11,067,438 8,562,340
	(131,019) 77,520 53,499 - 1,317,326
	10,461,237 517,143 89,058 11,067,438 9,879,666

Further details on comparatives are shown in note 16b.

IiST Annual Report and Accounts 2024/25 Notes to the Financial Statements

16

3 Net income

Net income for the year is stated after charging: Auditor’s remuneration: Group Depreciation of tangible fixed assets Rentals payable under operating leases: Land and buildings Other Trustees’ professional indemnity insurance	2025 £ 30,509 165,181 71,125 42,159 2,950 __	2024 £ 37,200 177,875 165,675 29,558 2,580 _

4 Staff numbers and costs

The average number of persons employed by the group during the year was 206 (2024: 186). The aggregate payroll costs of these persons were as follows:

Wages and salaries Social security costs Other pension costs	2025 £ 6,886,219 674,048 403,570 ___ _ 7,963,837 ___	2024 £ 6,102,086 583,911 306,415 __ 6,992,412 ___

Key management personnel in the Senior Leadership Team are seven (2024: seven). Their total employment costs for the year (including employer’s National insurance contributions and pension) was £707,989 (2024: £522,820).

The number of employees whose emoluments for the year were greater than £60,000 fell within the following ranges:

		2025	2024
£60,001	- £70,000	5	2
£70,001	- £80,000	-	3
£80,001	- £90,000	2	1
£90,001	- £100,000	1	-
£100,001	- £110,000	-	-
£110,001	- £120,000	1	1

No payments or remuneration were made to the Trustees during the year. Reimbursement of expenses incurred when travelling to, or engaged upon, the business of the charity amounted to £914 (2024: £306).

5 Related party transactions

The Institute of Integrated Systemic Therapy (registered charity number 286909) was the sole member of Childhood First (East Anglia) Limited and Childhood First (South) Limited. All these are companies limited by guarantee. It was also the sole Trustee of Princess Mary’s Trust. These companies have all now been dissolved as planned and no management charges were applied. The intercompany balances were all zero as the activities of the related parties were all rolled into IiST by 31[st] March 2025.

The following balances were transferred in the year; CF (East Anglia) £7,594,209, CF (South) £4,147,597 and Princess Mary’s Trust £21,073.

6 Pensions

(a) Teacher’s Pension Scheme

A number of the charitable company’s employees are members of the Teachers’ Pension Scheme (TPS). The TPS is a statutory, contributory defined benefit scheme administered by the Teacher’s Pension Agency, an executive agency of the Department for Education and Employment.

Not less than every four year, with a supporting interim valuation in between, the Government Actuary (GA), using normal actuarial principles, conducts a formal actuarial review of the TSS. The aim of the review is to specify the level of future contributions.

Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits an many other factors. The last valuation of the TPS was as at 31 March 2020. The valuation report was published by the Department of Education on October 2023, with the SCAPE rate, sent by HMT, applying a notional investment return based on 1.7% above the rate of CPI. The value of notional assets (estimated future contributions together with the proceeds from the notional investments held at the valuation date) was £222 billion and the scheme had aggregate liabilities of £262 billion, leaving a notional past service deficit of £39.8 billion.

The Employers scheme contribution is set at 28.68% of pensionable pay (including a 0.08% administration levy). This is an increase of 5% in employer contributions and the cost control result is such that no change in member benefits is needed.

IiST Annual Report and Accounts 2024/25 Notes to the Financial Statements

17

Teacher’s Pension Scheme (continued)

Total pension costs during the year were £78,634 (2024 - £42,256). There were outstanding contributions of £9,073 due at the end of the financial year (2024 - £5,632).

Under the definitions set out in FRS 1012, the TPS is an unfunded multi-employer pension scheme. The Group is unable to identify its share of the underlying assets and liabilities of the plan. Accordingly, the Group has taken advantage of the exemption of FRS102 and has accounted for its contributions to the scheme as if it were a defined contribution scheme.

(b) Group Personal Pension Plan

A Group Personal Pension Plan exists for employees which is a defined contribution scheme.

The pension charge for the year represents contributions payable by the group to the fund and amounted to £324,931 (2024 - £263,810). There were outstanding contributions of £60,793 due at the end of the financial year (2024 - £44,028).

The charity used to participate in a defined benefit scheme which was exited last year and the closing liability was settled.

7 Tangible fixed assets (group and company)

Group	Freehold properties	Furniture and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	5,534,579	396,254	162,271	6,093,104
Additions	-	-	44,305	44,305
Disposals	-	-	(11, 399)	(11,399)
	__	__	__	__
At 31 March 2025	5,534,579	396,254	195,177	6,126,010
	__	__	__	__
Depreciation
At 1 April 2024	749,857	358,184	103,678	1,211,719
Charge for the year	101,310	17,432	46,439	165,181
Disposals	-	-	(7,283)	(7,283)
	__	__	__	__
At 31 March 2025	851,167	375,616	142,834	1,369,617
	__	__	__	__
Net book value
At 31 March 2025	4,683,412	20,638	52,343	4,756,393
	__	__	__	__
At 31 March 2024	4,784,522	38,070	58,595	4,881,187
	__	__	__	__

8 Fixed asset investments

a) Group and Company

Balance at 1 April Additions Disposals Gain / (Loss) on revaluation Market value at 31 March	2025 2024 Cash funds Investment funds Total Total £ £ £ £ 2,555,217 3,259,115 5,814,332 3,899,981 1,100,000 2,200,000 3,300,000 2,000,000 (2,000,000) (200,000) (2,200,000) - 26,599 (2,427) 24,172 (85,649) _ _ _ _ 1,681,816 5,256,688 6,938,504 5,814,332 _ _ _ _

The cash funds are held via Cazenove Capital as are some investment funds whilst others are invested in CF Ruffer Total Return Fund, McInroy & Wood Balanced Fund and CG Portfolio Funds.

IiST Annual Report and Accounts 2024/25 Notes to the Financial Statements

18

Fixed asset investments (continued)

b) Subsidiary undertakings

The legal entities which have been included in the consolidated financial statements, all of which were dormant at the financial year end and their activities rolled into IiST were:

		Subsidiary	Country of	Proportion of	Proportion of	Share capital held	Share capital held	Share capital held	Nature of
	Undertaking		Incorporation		voting				business
					rights
	Childhood First	(South) Ltd	England		100%		Limited by guarantee		Charity
	Childhood First	(East Anglia) Ltd	England		100%		Limited by guarantee		Charity
	Princess Mary’s	Trust	England		100%		Trust		Charitable Trust
	Subsidiary summary results
			Childhood First			Childhood First			Princess Mary’s
			(South) Ltd			(East Anglia) Ltd			Trust
				£			£		£
	Income		6,26,440				5,132,479		-
	Expenditure		3,614,554				3,209,456		-
			___			__			___
	Surplus / (loss)	for the year	2,611,886				1,923,022		-
	Reserves brought forward		1,738,224				5,772,475		553,623
			___			__			___
	Reserves carried forward			-			-		-
			___			__			___
	Net Assets			-			-		-
			___				__		___
	Debtors – due within one year
				Group		Group	Company		Company
				2025		2024		2025	2024
				£		£		£	£
Trade debtors				403,060		322,985	403,060		-
Amounts owed by group undertakings				-		-		-	21,074
Prepayments and		accrued income		81,121		65,077		81,121	65,077
Other debtors				5,800		5,800		5,800	-
			__		__		__		__
				489,981		393,861	489,981		86,151
			__		__		__		__
	0 Creditors: amounts falling due		within one	year
				Group		Group	Company		Company
				2025		2024		2025	2024
				£		£		£	£
Amounts owed to		group undertakings		-		-		-	7,251,528
Trade creditors				88,268		187,213		88,268	57,113
Other creditors				185,219		108,395		185,219	18,441
Taxation and social security				197,405		151,047		197,405	48,541
Accruals				182,194		171,707		182,194	78,874
			__			__	__		__
			653,086 __			618,362 __	653,086 __		7,454,496 __

Subsidiary summary results

9 Debtors – due within one year

10 Creditors: amounts falling due within one year

IiST Annual Report and Accounts 2024/25 Notes to the Financial Statements

19

11 Restricted income funds

The Group’s restricted funds consist of the following funds:

	Balance at 1 April 2024	Income for the year	Expenditure for the year	Balance at 31 March 2025
	£	£	£	£
General projects	23,530	45,324	(43,682)	25,172
	___	____	___	___
Total	23,530	45,324	(43,682)	25,172
	___	____	___	___

The reserves are restricted to the location of the communities and / or a particular activity such as a specific building project or service. Comparative information can be found in note 17c.

12 Designated funds

Designated funds which are part of unrestricted funds represent the book value of fixed property assets plus funds of £2m designated for future capital developments. This is a change of basis from last year in which only part of the fixed asset value was designated. The change reflects the commitment to future capital investment.

Balance at 1 April 2024 Balance at 31 March 2025 Endowment Funds Balance at 1 April 2024 Transfer to unrestricted funds Balance at 31 March 2025	Group £ 802,193 _ 6,683,412 _	_	Company £ 802,193 _ 6,683,412 _ Group £ 483,947 (483,947) _ - _

13 Endowment Funds

The endowment relating to Greenfields House was held in Princess Mary’s Trust. During the year the asset was transferred to the ownership of IiST which was the sole member of Princess Mary’s Trust. This meant that the trust failed for lack of assets and was therefore closed. As the endowment did not transfer with the asset the endowment was therefore released.

14 Operating leases

Total commitments under non-cancellable operating leases at 31 March 2025 were as follows:

Equipment leases Property leases Total	2025 2024 £ £ 42,159 29,558 71,125 165,675 __ ____ 113,284 195,233 ______ ______

Property leases relate to London office (break Sept 2025), Merrywood House (expired September 2025) and Sittingbourne office (break May 2028). Total property lease payments recognised as an expense in the year are £63,000 (2024: £71,125) due within one year, £8,125 (2024: £63,875) due between 2 to 5 years and £nil (2024: £nil) due in more than 5 years.

IiST Annual Report and Accounts 2024/25 Notes to the Financial Statements

20

15 Analysis of net assets between funds

	Unrestricted	Restricted	Total funds
	£	£	£
Tangible fixed assets	4,756,393	-	4,756,393
Investments	6,938,504	-	6,938,504
Net current assets	822,558	25,172	847,730
	__	__	__
Total funds	12,517,455	25,172	12,542,627
	__	__	__

16 Comparative information relating to 2024

a) Consolidated statement of Financial activities

Notes Income Donations and legacies Charitable activities Investments Other Total income Expenditure Raising funds Charitable activities Therapeutic residential care Training Fostering Total expenditure 2 Net income before investment gains and (losses) (Loss) / gain on Investments Net income/(expenditure) Actuarial (loss) on defined benefit scheme 6 Net movement in funds Total funds brought forward Total funds carried forward		2024		2023
	Unrestricted £ 108,270 10,476,359 119,203 10,694 _ 10,714,526 _ 147,239 8,710,609 828,211 - _ 9,685,979 _ 1,028,547 (85,649) _ 942,898 - _ 942,898 10,522,875 __ 11,465,772 __	Restricted £ 160,707 - - - _ 160,707 _ - 195,444 - - _ 195,444 _ (34,737) - _ (34,737) - _ (34,737) 58,267 __ 23,530 __	Endowm’t £ - - - - _ - _ - - - - _ - _ - - _ - - _ - 483,947 __ 483,947 __	Total Total £ £ 268,977 251,911 10,476,359 9,691,572 119,203 37,190 10,694 22,733 _ _ 10,875,233 10,003,406 _ _ 147,239 204,915 8,905,973 8,881,294 828,211 572,611 - 171,903 _ _ 9,881,423 9,830,723 _ _ 993,810 172,683 (85,649) (124,212) _ _ 908,161 48,471 - (114,000) _ _ 908,161 (65,529) 11,065,090 11,130,619 _ _ 11,973,251 11,065,090 ____ __

IiST Annual Report and Accounts 2024/25 Notes to the Financial Statements

21

16 Comparative information relating to 2024 (continued)

b) Analysis of total expenditure

Basis of allocation Costs directly allocated to activities Direct staff costs Direct Care costs including travel Direct Premises costs Direct IT, admin and professional fees Direct Total Support costs allocated Staff time Total expenditure	Therapeutics Residential care Training Fundraising 2024 Total 2023 Total £ £ £ £ £ 6,286,550 535,189 - 6,821,739 6,787,945 1,082,736 64,492 13,353 1,160,581 1,154,832 417,956 - 11,938 429,894 427,764 141,965 4,745 3,416 150,126 149,382
	7,929,207 604,426 28,707 8,562,340 8,519,923
	975,090 223,744 118,492 1,317,326 1,310,800
	8,904,297 828,170 147,199 9,879,666 9,830,723

c) Restricted funds

Balance at 1 April 2023 £ General projects 58,267 _ Total 58,267 _ d) Analysis of assets between funds Group Unrestricted funds Funds balances at 31stMarch 2024 are represented by: £ Tangible fixed assets 4,397,240 Investments 5,814,332 Current assets 1,872,565 Current liabilities (618,363) _ Total net assets 11,465,774 _	Income for the year Expenditure for the year Balance at 31 March 2024 £ £ £ 160,707 (195,444) 23,530 _ _ __ 160,707 (195,444) 23,530 __ _ _ Restricted Permanent Income Endowment Total funds fund Funds £ £ £ - 483,947 4,881,187 - - 5,814,332 23,530 - 1,896,095 - - (618,363) _ _ _ 23,530 483,947 11,973,251 _ _ _

IiST Annual Report and Accounts 2024/25

22

Reference and Administrative Detail

Charity name:

Trading name :

Charity registration number:

Company registration number:

Registered office and Operational address:

Institute of Integrated Systemic Therapy

Childhood First 286909 01708301

91-95 Southwark Bridge Road, London SE1 0AX

Board of Trustees:

The Trustees (directors of the company) during the year and since the year-end were:

Dr Henrietta Hughes OBE (Chair)

Mr George Viney Mr Jeremy Brier Ms Rosemary Bodiam Ms Georgia Chataway Mrs Patricia Phillips Mrs Sarah Scarratt Mr Sanjay Shah Mr Gary Etheridge - appointed 9[th] December 2024 Ms Anna Dinh - appointed 9[th] December 2024

Chief Executive

Gary Yexley

Company Secretary

Michael Joseph

Senior Leadership Team

Gary Yexley (Chief Executive) Robyn Bartram (Deputy Chief Executive Michael Joseph (Finance & Corporate Services Director) Dan Lansley (Business Development Director) Bob Beardon (Director of Workforce Development) Rachel Sillis (Residential Services Director) – appointed 30[th] June 2025

The senior leadership team were all in post at 9th December 2025 except as detailed above

Auditors

HaysMac LLP, 10 Queen St Pl, London EC4R 1AG

Principal Bankers

Coutts & Co, 440 Strand, London WC2R 0QS

Solicitors

Rradar, 6 Beacon Way, Hull HU3 4AE.