2021-03-31-accounts - British Association For Counselling And Psychotherapy

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Welcome from the Chair
Welcome from the Chief	Executive	4
Our philosophy
Our strategy
Annual review
Governance, structure and		32
accountability
Streamline Energy and	Carbon	34
Reporting (SECR)
Quantification and		35
reporting methodology
Board ofGovernors'		36
responsibilities
Review ofBACP's financial		38
position
Strategic report		39
Description ofprincipal	risks	40
and uncertainties
Independent auditor's report		41
Consolidated statement	of	46
financial activities
Consolidated balance sheet		47
Balance sheet		48
Consolidated cashflow		49
statement
Notes tofinancial statements		50
Professional advisers

Governor	Period ofOffice	Governance	Committee	role
Natalie Bailey	Elected 24/11/16	Remuneration	and Governance—
Chair	Elected Chair 7/11/19	Chair (from 7/11/19)
Caryl Sibbett	Elected 14/11/11	Remuneration	and Governance—
Deputy Chair	Re-elected 21/11/14	Committee member
(until 4/12/20)	Re-elected 16/11/17	Membership	and Professional
	Elected De u Chair 16/11/17	Standards —Committee		member
Mhairi Thurston	Elected 14/11/11	Research Committee —Chair
(until 4/12/20)	Re-elected 21/11/14
	Re-elected 16/11/17
Van essa Stirum	Co-opted 4/3/16	Audit, Risl& and Performance —Chair
	Appointed 24/11/16	Remuneration	and Governance—
	Re-appointed 7/11/2019	Committee member
Andrew Kinder	Co-opted 24/3/17
(until 4/12/20)	Appointed 16/11/17
Una Cavanagh	Elected 16/11/17	Membership	and Professional
(until 5/11/20)		Standards —Chair
)ulie May	Elected 16/11/18
Val Elliott	Co-opted 01/06/2018	Finance and	Policy —Chair
(until 2/8/202 1)	Appointed 16/11/18
Moira Sibbald	Co-opted 01/06/2018	Public Protection —Chair
(until 30/7/2021)	Appointed 16/11/18	Remuneration	and Governance—
		Committee member
Heather Roberts	Elected 7/11/19	Remuneration	and Governance—
(until 30/7/2021)		Committee member
Neela Masani	Elected 7/11/19
(until 30/7/2021)
Sekinat Adima	Elected 4/12/20
Michael Golding	Elected 4/12/20
Kate Smith	Elected 4/12/20

BACPPresid	ents
,President	Vice Presidents
David Weaver	Professor Dame Sue Bailey
	Luciana Berger
	)abeer Butt OBE
	)ohn Cowley
	Nancy Rowland
	)ulia Samuel MBE

			Consumption	EmissionsI
			KWh	tCO2e[
Scope 1	CashOil etc		n/a
	Company Cars		n/a
Scope 2	Electricity		122752	28.618
Scope 3	Transport —Air		n/a	0.000
	Transport - Rail		n/a	0.026
	Transport —Car		n/a	0.184
	Transmission Er Distribution	of Electricity	122752	2.461
	Water Treatment		n/a	0.438
Total			122752	31.728
Full time	equivalent staff ("FTE")			108
Intensity	ratio (tCO2e per FTE)			0.294


Dr Hadyn	Williams		Chief Executive		Membership ofBACP
Fiona Ballantine		Dykes	Chief Professional Standards Officer and Deputy Chief Executive		We offer the categories of membership below. The members ofthese categories also members ofthe company and have				listed are
Chelsea Shelley			Chief Operations	and	full voting rights:
			Membership Officer		~ Student Member
Martin Bell			Head of Policy and		~ Individual Member
			Public Affairs
			(from 1/10/2020)		~ Registered Member (MBACP)
			Deputy Head of Policy		~ Registered Accredited Member		(MBACP Accred
			and Public Affairs
Steve Cantell			(until 30/9/2020) Head of ICT		~ Registered Senior Accredited Member (MBACP Snr Accred)
			(until 31/8/2020)		~ Retired Member
Christina	Docchar		Registrar		~ Organisational Member
Grace Gardiner			Head of Member Services		Volunteers
			(from 6/7/2020)		We're hugely grateful to the many		volunteers
Caroline 3esper			Head of Professional		who support us by serving on	our	divisions,
			Standards		committees, expert reference	groups,		forums,
			(from 6/4/2020)		worl&ing groups and as peer reviewers			and media
Suky Kaur			Head of Stal&eholder		spol&espersons. Thanl& you for	your	continued
			Relations		and significant contribution to our		success—
			(from 1/10/2020)		your dedication, commitment,	passion		and hard
			Head of Policy and		worl& allow us to better serve	our members
			Stal&eholder Relations		and stal&eholders; to promote	the counselling
			(until 30/9/2020)		professions effectively and to	support		our vision:
Suzanne O' Neill			Head of		counselling changes lives.
			Communications
			(until 12/6/2020)
Adam Pollard			Head of Marl&eting
			and Engagement
			(from 6/7/2020)
Richard Smith			Head of Operations
			(from 1/6/2020)
			Deputy Head of
			Member Services
			(until 31/5/2020)
Dr Clare Symons			Head of Research

Total reserves:			E6,705,u 5
Less:
Restricted funds			Eo
Designated funds			fo
(that have been committed)
Property revaluation	reserve		E6S,ooo
Tangible and intangible		fixed assets'"	F405,580
Capital commitments			fo
Sub total			f6,234,565
Less identified risl&s			f272,492
Free reserves			E5,962,073
'excluding administrative		land and buildings,
which are considered	to	be disposable

			Unrestricted	Unrestricted			Unrestricted	Unrestricted
			general	designated	Restricted	Total	general	designated	Restricted	Total
			funds	funds	funds	2021	funds	funds	funds	2020	'
		Notes	E	E		E	E	E	E	E'
Income from:
Donations			955			955	1,999			1,999
Charitable activities		3	9,316,114			9,316,114	8,688,980			8,688,980
Trading activities		5	624,152			624,152	593,802			593,802
investment income		6	47,785			47,785	61,577			61,577
Other income			27.225			27,225	11,013			11,013
TOTAL INCOME			10,016,231			10,016,231	9,357.371			9.357,371
Expenditure on:
Raising funds		6	25,898			25,898	21,673			21,673
Trading activities		5	363,756			363,756	458,648			458,648
Charitable activities		4	8,382,709			8,382,709	8,213,737	35,308		8,249,045
TOTAL EXPENDITURE			8,772,363			8,772,363	8,694,058	35,308		8,729,366
NET INCOME/(EXPENDITURE)			1,243,868			1,243,868	663,313	(35,308)		628,005
BEFOREGAINS AND LOSSES
ON INVESTMENTS
Net (Losses)/Gains	on	15	403,814			403,814	(130,441)			(130,441)
investments
NET INCOME/(EXPENDITURE)			1,647,682			1,647,682	532,872	(35,308)		497,564
FOR THE YEAR
Transfers between	Funds	16
Other recognised gains/
(losses):
Gains/(losses) on revaluation		9					, (705.500)			(705.500)
offixed assets
NET MOVEMENT IN	FUNDS		1,647,682			1,647,682	(172,628)	(35,308)		(207,936)
Reconciliation ofFunds:
TOTAL Funds Brought			5.057,463			5,057,463	5,230,091	35,308		5,265,399
Forward at31March 2020
TOTAL Funds Carried		18	6,705,145			6,705,145	5,057,463			5,057,463
Forward at31March 2021

				2021	2021	2020	2020
			Notes	E	E	E	E
FIXEDASSETS:
Tangible assets				2,547,546		2,520,994
Intangible assets			10	340,534		442,746
Investments				3,121,161		1,947,664
					6.009,241		4,911,404
CURRENTASSETS:
Stocks
Debtors			12	2,298,912		2,044,485
Fixed term deposits				250.640		1,500,000
Cash at bank and in		hand		3,504,259		1,447,798
				6,053,811		4,992,283
CREDITORS: Amounts		falling due within one year	13	5,357,907		4,846,224
NET CURRENT ASSETS/(LIABILITIES)					695,904		146.059
NET ASSETS					6,705,145		5.057.463
RESTRICTED FUNDS			16
UNRESTRICTED FUNDS:
General income fund			18	6,640,145		4,992,463
Designated funds			16
Property revaluation		reserve	14	65,000		65,000
Total Unrestricted	Funds				6,705,145		5,057,463
TOTAL FUNDS					6,705,145		5,057,463

				2021	2021	2020	2020
			Notes	E	E	E	E	I
FIXEDASSETS:
Tangible assets				2,547,546		2,520,994
Intangible assets			10	340,534		442,746
Investments				3,121,161		1,947,664
					6,009,241		4,911,404
CURRENT ASSETS:
Stocks
Debtors			12	2,513,821		2,057,181
Fixed term deposits				250,640		1,500,000
Cash at bank and in hand				3,239.397		1.413.934
				6,003,858		4,971,115
CREDITORS: Amounts		falling due	13	5,308,950		4,825,759
within one year
NET CURRENT ASSETS/(LIABILITIES)					694,908		145.356
NET ASSETS					6,704,149		5,056,760
RESTRICTED FUNDS			16
UNRESTRICTED FUNDS:
General income fund				6,639,149		4,991,760
Designated Funds			16
Property revaluation		reserve	14	65,000		65,000
Total Unrestricted	Funds				6,704.149		5,056,760
TOTAL FUNDS					6.704.149		s,os6.76o

					2021	2020
					E	E
Net cash (used in)/provided by operating		activities			1,777,518	1,331,970
Cash Rows from investing activities:
Dividends and interest from investments					47.785	61,577
Additional cash invested in investment	fund				(75o,ooo)
Purchase of property and equipment					(64,186)	(8,634)
Purchase of intangible assets					(184,333)	(352,138)
Proceeds from sale of investments					754,507	475,793
Purchase of investments					(1,035,837)	(326,525)
Net cash provided by (used in) investing		activities			(1,232,064)	(149,927)
Change in cash and cash equivalents	in the reporting		period		545,454	1,182,043
Cash and cash equivalents atthe beginning ofthe reporting				period	3,265,381	2,083,338
Cash and cash equivalents atthe end	of	the reporting	period		3,810,835	3,265,381
					2021	2020
					E	E
Net movement in funds for the reporting		period (as per the statement			1,647,682	(207,936)
ofRnancial activities)
Adjustments for:
Depreciation					37,634	89,441
Amortisation					286.544	397,941
Property Revaluation (Gains)/Losses						705,500
Losses/(Gains) on investments					(403,814)	130,441
Dividends and interest from investments					(47,785)	(61,577)
Losses on sale offixed assets
(Increase)/Decrease in stock						2,879
Increase in debtors					(254,426)	93,704
(Increase)/Decrease in creditors					511,683	181,577
NET CASH PROVIDED BY(USED IN) OPERATING ACTIVITIES					1,777,518	1,331,970
					2021	2020
					E	E
Cash in hand					3,504,259	1,447,798
Fixed term deposits					250.640	1,500,000
Cash held in investments					55,936	317,583
Total cash and cash equivalents					3,810,835	3,265,381

tangible	fixed assets	, over their estimated	useful lives as fol	lows:
Freehold	property		not provided
Computer	equipment	and accessories	33/o per annum	-straight	line basis
Office furniture and		equipment	20/o per annum	-straight	line basis

3.Inco	me from charitable activities
		2021	2020
		E	E
Membership	Subscriptions	8,367,323	7,804,414
Income from	Publications	648,382	523,682
Accreditation		300,292	244,908
Conferences	and Events	117	115,976
Total Group		9,316,114	8,688,980

		New
		Projects and	Representing								2020
		programmes f	the Profession	Register f	Research f	Governance f	Designated	f	Restricted f	2021Total f	Total
STAFF COSTS
Staff and Contractors		880,094	1,962,443	557,915	259,491	88,134				3,748,077	3,813,745
Restructuring
		880,094	1,962,443	557,915	259,491	88,134				3,748,077	3,813,745
OTHER DIRECT COSTS
Office Expenses		28,164	122,100	15,397	11,499	943				178,103	144,582
Recruitment and		7,155	1,318	3,135		25				11,633	32,409
Staff Costs
Travel and Committees		7,488	2,825	37	215	3.436				14,001	163,762
Annual General Meeting						31,778				31,778	25,435
Information Technology		151,182	175,065							326,247	2,850
Events		14,137	31,457							45,594	80,128
Projects		114,786	12,594	100,780						228,160	198,790
Bursaries		41,904			3,562					45.466	37,160
Property Running	Costs	19,079	337							19,416	5,870
Professional Fees			13,030	20,067		38,528				71,625	55,767
Auditors Remuneration						15,250				15,250	12,750
)ournals and		210	1,041,797		73,174					1,115,181	1,037,773
Publications
Hearings		73,450		65,143						138,593	92,170
Research		38,201			1,750					39,951	36,318
TOTAL DIRECT COSTS		1,375,850	3,362,966	762,474	349,691	178,094				6,029,075	5.739.509
SUPPORT COSTS
Office Expenses		142,959	349,431	79,225	36,335					607,950	814,135
Recruitment and		15,312	37,428	8,486	3,892					65,118	68,870
Staff Costs
Traveland Committees		30	73	17	8					128	1,077
Staff and Contractors		274,042	669,835	151,870	69,651					1,165,398	1,297,984
Restructuring		52,168	127,515	28,911	13,259					221,853
Information Technology		46,368	113.337	25,696	11,785					197,186	210,488
Property Running	Costs	17,524	42,832	9,711	4,454					74,521	88,285
Professional Fees		5,051	12,346	2,799	1,284					21,480	28,697
		553,454	1,352,797	306,715	140,668					2,353,634	2,509,536
Reallocation of		41,879	102,363	23,208	10,644	(178,094)
Governance costs				I
TOTAL SUPPORT AND		595,333	1,I455,160	329,923	151,312	(178,094)				2,353,634	2,509.536
GOVERNANCE COSTS
TOTAL COSTS		1,971,183	4.818,126	1,092,396	501.003					8,382,709	8,249,045

						BACP	BACP
						Enterprises	Enterprises
						Limited	Limited
						2021	2020
							E
Turnover						624,152	593,802
Administrative	expenses					(363,756)	(458,648)
Net profit						260,396	135,154
Amount gifted						(260,101)	(135.154)
Retained profit	brought forward					(295)	(295)
Retained profit						(0)	(295)
The assets and	liabilities		ofthe	subsidiaries	were:
Current assets						49,953	92,840
Creditors: amounts		falling due within one year				(48.953)	(92,135)
Tota I net assets						1,000	705
Aggregate share capital			and reserves			1,000	705
6.Investment			income
						2021	2020
						E	E
INVESTMENT INCOME
Interest receivable						26	3,259
Dividends and other investment				income		47,759	58,318
						47,785	61,577
Cost ofraising	funds:
Fund management		charges				25,898	21,673

							2021	2020
The average number	ofemployees		(including	part-time	staff)	by activity during the year was:
Support Services							16	22
New Projects and Programmes							17
Representing the Profession							47	51
Governance
BACP Registers							13
Research
Enterprises
							108	114
							2021	2020'
The number ofemployees		earning	over E60,000 per annum			was as follows:
E60,001 - E70,000
E70,001 - E80.000
E80,001 - E90,000
E90,001 - E100,000
E100,001 - E110,000
E110,001 - E120,000
E120,001 - E130,000
E130,001 - E140,000

			2021	2020
			E	E
The aggregate	payroll costs amounted	to:
Wages and salaries			4,316,640	4,457,829
Social security	costs		387,801	401,625
Other pension	costs		206,514	213,753
Death in service			25,760	26,063
			4,936,715	5,099,270

						The Company
				2021	2020	2021	2020
				E	E	E	E
Relating	to	audit services		17,500	16,250	15,250	12,750
Relating	to	non-audit	services	3,775	5,000	2,500	5,000
				21,275	21,250	17,750	17,750

					Computer equipment 8	Office furniture 6r	Freehold
					accessories E	equipmentf	propertyf	Totali fr
Cost
At 1April 2020					398,819	89,169	2,482.500	2.970,488
Additions					64,186			64,186
Disposals					(305,434)	(78,583)		(384,017)
Revaluation
At 31st March 2021					157,571	10.586	2,482,500	2,650.657
Depredation
At 1April 2020					360,920	88,574		449,494
Charge for the	year				37,385	249		37,634
Disposals					(305,434)	(78,583)		(384,017)
At 31st March 2021					92,871	10,240		103,111
Net book value
At31March 2021					64,700	346	2,482,500	2.547,546
At 31March 2020					37.899	595	2.482,500	2,520,994
Cost/Valuation	at 31March 2021 is represented			by:
					Computer equipment 8	Oflice furniture &	Freehold
					accessoriesf	equipment	propertyf	Total'
Cost					157,571	10,586		168,157
Build Cost							1,767,310	1,767,310
Fit Out and Professional			Costs				767,166	767,166
Purchase Cost							350.000	350,000
					157,571	10,586	2,884,476	3,052,633
Surplus on valuation		in 2007					65,524	65,524
Surplus on valuation		in 2013					200,000	200,000
Surplus on valuation		in 2014					38,000	38,000
Deficit on valuation		in 2019					(70S,S00)	(70S,S00)
					157,571	10,586	2.482.500	2.650,657
Ifthe freehold	properties		had not been revalued
they would have been included at the following				historical cost:
							2021	2020
							E	f
Cost							2,884,476	2,884,476

10.Intangible assets
	Database Er	Purchased
	Website Costs	Software	Total	( i
	E	.f	&(
Cost
At 1April 2020	1,306,120	70,273	1,376.393
Additions	173,333	11,000	184,333
Disposals	(598,944)	(4S,812)	(644.756)
Revaluation
At 31st March 2021	880,509	35,461	915,970
Amortisation
At 1April 2020	895,813	37,834	933,647
Charge for the year	261,348	25,196	286,544
Disposals	(598,944)	(45,811)	(644,755)
At 31st March 2021	558,217	17,219	575,436
Net book value
At31March 2021	322,292	18,242	340.534
At 31March 2020	410,307	32,439	442,746

										2021f	2020 E
Market value
Opening	market value									1,630,071	1,909,780
Additional		cash invested		in investment		fund				750,000
Additions										1,035,837	326,525
Disposats		at opening	market value							(754,507)	(475,793)
										2,661,401	1,760,512
Unrealised		(toss)/profit		on investments						403,814	(130,441)
At 31March 2021										3,065,215	1,630,071
Cash held		by Investment		Managers						55,936	317.583
										3,121,151	1,947,654
Shares in		property management			service	company	relating to freehold	property	in Lutterworth	10	10
										3,121,161	1,947,664

		2021f	2020 E
Investments	at market value comprised:
Fixed interest	securities	805,866	544,763
Equities		1,753,913	851,772
Property		505,436	233,536
		3.065.215	1.630,071

									The Group	The Group		The Company
								2021		2020	2021	2020
								E			E	E
Trade debtors								1,952,555	1,856,026		1,914,813	1,856,019
Amount owed	from			subsidiaries:							278,855	69,935
—BACP Enterprises				Limited
Other debtors								43,984		58,393	17,780	1,161
Prepayments								302,373		130,066	302,373	130,066
								2,298,912	2,044,485		2,513,821	2,057,181
13.Creditors:					amounts			falling due within one	year
									The Group		The	Company
								2021 E		2020f	2021f	2020 E
Trade creditors								228.897		168,174	228,893	168,141
Amount owed	to		subsidiaries:
—BACP Enterprises				Limited
socialsecurity		and		othertaxes				98,501		129,853	81,456	131,590
Accruals								380.844		339,049	362,927	325,237
Deferred income								13,991		8,357
								722,233		645,433	673,276	624,968
Membership and			United		Kingdom		register	4,138,672	3,807,717		4,138,672	3,807,717
fees in advance
Other subscriptions				received		in advance		497,002		393,074	497,002	393,074
								5,357.907	4,846,224		5,308,950	4,825,759
Deferred income
											Group	Company
											2021	2021
											E	E
Brought forward			at	1April 2019							139,936
Released during			year								39,163
Total invoiced	in		year								114,764
Carried forward		at 31March 2020									(13,991)
Total income in		year									139,936

14.	R	ev	al	ua	tio	n reserve
								The	Croup		The	Company
							2021		2020	2021		2020
									f			E
Refer	to	note	9	for	full	details.	65,000		65,000	65,000		65,000
							65,000		65,000	65,000		65,000

The general	income fund balance includes the unrealised	income fund balance includes the unrealised	income fund balance includes the unrealised
				2021f	2020
Unrealised	gains at 31March 2020			(38,456)	100,698
(Cains)/Losses realised		on investments	against market value at 31March 2020	(60,003)	(19,702)
				(98,459)	80,996
Unrealised	gains/(losses)	for the year		403,814	(119,452)
Unrealised	gains at31	March 2021		305,355	(38,456)

Research	Insurance
Fund	Fund f	Restricted	Funds E	Totalf

17.R	elated parties
Agreement	to pay for the Chair's, Deputy Chair's and Governors'	time was sought from and agreed	by the Charity Commission.
			2021	2020
			E	E
A Reeves,	(Chair person 2019/20)			3,465
C Sibbett,	(Deputy Chair person 2019/20)			819
N Bailey. (Chair person 2020/21)			9.690

18.Analysis ofgroup	net assets betw	een fund	s
	Generalf	Designatedf	Restrictedf	Totalf
Tangible Assets	2,455,994			2,455,994
Intangible Assets	442,746			442,746
Investments	1,947,664			1,947,664
Net Current (Liabilities)/Assets	146,059			146,059
	4,992,463			4,992,463
Revaluation Reserve	65,000			65,000
As ot31March 2020	5,057,463			5,057,463
Tangible Assets	2,482,546			2,482,546
Intangible Assets	340,534			340,534
Investments	3,121,161			3,121,161
Net Current (Liabilities)/Assets	695,904			695,904
	6,640,145			6,640,145
Revaluation Reserve	65,000			65,000
Asat31March 2021	6,705,145			6,705,145