REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 July 2023 |
for |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 July 2023 |
for |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 14 |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY (REGISTERED NUMBER: 06063084) |
Report of the Trustees |
FOR THE YEAR ENDED 31 JULY 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
In order to ensure our work delivers our aims the Board of Trustees sets out and monitors ACAT's Annual Strategic Plan. The strategic aims for each year reflect the charity's aims and objectives and are monitored as a standing item at the Board of Trustees. |
The overarching aim is to educate and promote increased awareness and understanding of Cognitive Analytic Therapy ('CAT') amongst health professionals, service providers and the public. |
Public benefit and main achievements |
The trustees confirm that they have considered the Charity Commission's guidance on public benefit. |
Who used and benefitted from our services? |
CAT is available to thousands of people with mental health problems in many NHS Trusts and privately. By setting standards for ethical practice (including a complaints procedure available to those receiving CAT), regulating training in CAT and monitoring standards of supervision and continuing professional development, ACAT ensures that clients receive high quality therapies delivered by appropriately trained and updated ACAT members and trainees. At the year end, ACAT had 835 Practitioner and Psychotherapist members, 253 Trainee Members, 12 Non Practising and 6 Retired. There are also 20 Friends of ACAT. ACAT currently provides 1 Foundation Training Course, 10 Accredited Practitioner Training Courses, 1 Psychotherapy Training Course and 6 DClinPsych embedded Foundation Courses. |
The Board of Trustees has established a User/Public Involvement strategy from 2012-2013. The focus goes beyond the maintenance of standards in the practice of CAT to clients receiving therapy by seeking to promote CAT's relational and humanistic understanding of distress and conflict by looking to collaborate with other charitable ventures that target vulnerable, socially excluded or disadvantaged groups. It also aims to establish a User/Carer Focus Group to provide Consultation on ACAT strategy and policies. |
ACAT also seeks to broaden the experience base of the Board of Trustees with the aim that it more closely reflects the make-up of UK society. The strategy also sets out plans to sponsor both CAT therapies and CAT training for those who may otherwise be excluded from these opportunities. |
The Trustees continue with their policy of providing bursaries, in certain circumstances, towards the costs of training courses and conference attendance. |
FINANCIAL REVIEW |
Financial position |
Total reserves held at the year ended 31 July 2023 were £351,418 (2022: £329,051). |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY (REGISTERED NUMBER: 06063084) |
Report of the Trustees |
FOR THE YEAR ENDED 31 JULY 2023 |
FINANCIAL REVIEW |
Reserves policy |
The Trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby a prudent amount of the unrestricted funds should be invested in short term deposits as available reserves to meet the working capital requirements of the charity, enabling both current activities and future plans for growth to continue in the event of any significant drop in funding. |
The formal reserves policy is reviewed by the Trustees annually and, to the end of the prior year, the accumulated reserves have been retained to ensure that the charity is well placed to cope with any unforeseen financial demands. |
During the year, the Trustees formed a Strategic Financial Management Group and proposed that 33% of the unrestricted funds as shown on the finalised Balance Sheet at 31 July 2022 be set aside as a designated fund for the purpose of providing sufficient funds to cover liabilities in the event that the activities of the Charity should cease. This will ensure that any future strategies for investment will be limited to the remaining unrestricted funds. The calculation was made on the reserves value at 31 July 2022 of £329,051, resulting in a transfer between funds of £108,587. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is governed by its Memorandum and Articles of Association. |
Recruitment and appointment of new trustees |
New trustees are recruited, as necessary, such that their particular skill sets complement the requirements of the charity. |
Organisational structure |
The ACAT Board of Trustees has eleven trustees at the year end. The Board meets three times a year and sets the strategic direction and policy of the charity. |
Decision making |
Operational management rests with the Council of Management which, in addition to meeting with the Board of Trustees three times a year, holds an additional four meetings a year by teleconference. The Chair of ACAT is responsible for the operational management of the organisation and is supported by a vice-chair and treasurer who are also trustees. The chair of ACAT manages and supports the ACAT administration manager, administrators and the Project and Liaison Officer. |
Induction and training of new and continuing trustees |
Trustees attend an annual Trustees away day for the purposes of induction, continuing professional development and strategic planning. Personal development plans for trustees are discussed at additional meetings for trustees preceding the board meetings which are held three times a year. |
Risk management |
The Board of Trustees have established a Risk Register and Risk Matrix in order to prioritise the major risks facing ACAT in the pursuance of its charitable objectives. The Risk Register is a standing item at meetings of the Board of Trustees and details controls and actions taken to mitigate risk. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY (REGISTERED NUMBER: 06063084) |
Report of the Trustees |
FOR THE YEAR ENDED 31 JULY 2023 |
Registered office |
Trustees |
Company Secretary |
Independent Examiner |
Andrew Jordan FCA |
Haines Watts |
Chartered Accountants |
Bath House |
6 - 8 Bath Street |
Bristol |
BS1 6HL |
Bankers |
National Westminster Bank plc |
Lambeth North Branch |
91 Westminster Bridge Road |
London |
SE1 7HW |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Association for Cognitive |
Analytic Therapy |
Independent examiner's report to the trustees of Association for Cognitive Analytic Therapy ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
Andrew Jordan FCA |
The Institute of Chartered Accountants in England and Wales |
Haines Watts |
Chartered Accountants |
Bath House |
6 - 8 Bath Street |
Bristol |
BS1 6HL |
4 March 2024 |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
FOR THE YEAR ENDED 31 JULY 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 4 |
CAT activities | 149,855 | - | 149,855 | 225,858 |
Investment income | 3 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities | 5 |
CAT activities | 279,953 | - | 279,953 | 279,736 |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 329,051 |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY (REGISTERED NUMBER: 06063084) |
Balance Sheet |
31 JULY 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
CURRENT ASSETS |
Stocks | 11 |
Debtors | 12 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 13 | ( | ) | ( | ) | ( | ) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 14 |
Unrestricted funds | 329,051 |
TOTAL FUNDS | 329,051 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY (REGISTERED NUMBER: 06063084) |
Balance Sheet - continued |
31 JULY 2023 |
These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 JULY 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The company is a private company limited by guarantee, incorporated in England and Wales. |
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. |
Going concern |
The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Income from membership subscriptions, training and other courses, workshops, conferences, book sales and other income is accounted for in the period to which it relates. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2023 |
1. | ACCOUNTING POLICIES - continued |
Financial instruments |
The charitable company 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. The liquid funds of bank balances are shown at their realisable values. |
Debtors |
Debtors comprise trade debtors and recoverable gift aid. |
Creditors |
Creditors comprise trade creditors, accruals and deferred income. |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations |
Gift aid |
Membership subscriptions |
3. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Bank interest received | 213 | 10 |
4. | INCOME FROM CHARITABLE ACTIVITIES |
2023 | 2022 |
Activity | £ | £ |
ACAT training and other courses | CAT activities | 91,602 | 133,972 |
Conference income | CAT activities | 16,790 | 31,620 |
Workshops | CAT activities | 41,388 | 59,191 |
Book sales and other income | CAT activities | 75 | 1,075 |
149,855 | 225,858 |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2023 |
5. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 6) | note 7) | Totals |
£ | £ | £ |
CAT activities | 116,781 | 163,172 | 279,953 |
6. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2023 | 2022 |
£ | £ |
ACAT supervisor training | - | 6,441 |
ACAT training courses | 69,395 | 70,590 |
Conferences | 9,485 | 28,833 |
Introductory courses | - | 9,600 |
ACAT training division | - | 27,641 |
Workshops | 36,706 | 29,150 |
Bursaries | 1,195 | 8,080 |
116,781 | 180,335 |
7. | SUPPORT COSTS |
Governance |
Management | costs | Totals |
£ | £ | £ |
CAT activities | 149,915 | 13,257 | 163,172 |
Support costs, included in the above, are as follows: |
Management |
2023 | 2022 |
CAT | Total |
activities | activities |
£ | £ |
Salaries | 63,977 | 61,134 |
Social security | 134 | 518 |
Pensions | 1,358 | 1,272 |
Sundries | 683 | 1,860 |
Consultancy and other staff costs | 7,340 | 683 |
Council and committee expenses | 2,181 | 865 |
Rent, rates, service charges and utilities | 19,789 | 3,439 |
Insurance | 1,410 | 506 |
Printing, postage and stationery | 817 | 2,303 |
Marketing | 4,049 | 3,360 |
Telephone | 542 | 780 |
Computer costs | 42,363 | 1,507 |
Carried forward | 144,643 | 78,227 |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2023 |
7. | SUPPORT COSTS - continued |
Management - continued |
2023 | 2022 |
CAT | Total |
activities | activities |
£ | £ |
Brought forward | 144,643 | 78,227 |
Online library costs | - | 560 |
Legal and professional | 792 | 2,177 |
Subscriptions | 1,463 | 2,740 |
Interest and charges | 3,017 | 2,930 |
149,915 | 86,634 |
Governance costs |
2023 | 2022 |
CAT | Total |
activities | activities |
£ | £ |
Consultancy | 7,440 | 8,640 |
Accountancy and legal fees | 5,817 | 4,127 |
13,257 | 12,767 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Accountants' fees - Haines Watts, independent examination | 1,380 | 1,300 |
Accountants' fees - Haines Watts, other services | 2,695 | 2,814 |
9. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022. |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2023 |
9. | TRUSTEES' REMUNERATION AND BENEFITS - continued |
Trustees' expenses |
Two trustees (2022 - one trustee) were reimbursed during the year for travelling expenses of £282 -(2022 - £132). |
10. | STAFF COSTS |
2023 | 2022 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
65,469 | 62,924 |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Administration staff |
11. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks | 1,083 | 1,010 |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors - gift aid |
Prepayments |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2023 |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
14. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.8.22 | in funds | funds | 31.7.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 329,051 | 22,367 | (108,587 | ) | 242,831 |
Unforeseen costs reserve | - | - | 108,587 | 108,587 |
22,367 |
TOTAL FUNDS | 22,367 | 351,418 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 302,320 | (279,953 | ) | 22,367 |
TOTAL FUNDS | ( | ) | 22,367 |
Comparatives for movement in funds |
Net |
movement | At |
At 1.8.21 | in funds | 31.7.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 255,152 | 73,899 | 329,051 |
TOTAL FUNDS | 255,152 | 73,899 | 329,051 |
ASSOCIATION FOR COGNITIVE |
ANALYTIC THERAPY |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JULY 2023 |
14. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 353,635 | (279,736 | ) | 73,899 |
TOTAL FUNDS | 353,635 | (279,736 | ) | 73,899 |
Transfers between funds |
During the year £108,587 was transferred from the General Fund to a designated fund, Unforeseen Costs Reserve for the purpose of providing sufficient funds to cover liabilities in the event that the activities of the Charity should cease. |
15. | EMPLOYEE BENEFIT OBLIGATIONS |
During the year, the charity paid into a defined contribution pension scheme. The total for the year of £1,358 (2022: £1,272) is included within expenditure in the Statement of Financial Activities. |
There was £310 outstanding pension contributions at the year end (2022: £270) |
16. | RELATED PARTY DISCLOSURES |