RADICAL THERAPIST NETWORK CIC

Company limited by guarantee

Company Registration Number:
14207537 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

RADICAL THERAPIST NETWORK CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

RADICAL THERAPIST NETWORK CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Directors

The director shown below has held office during the whole of the period from
1 August 2023 to 31 July 2024

Sage Stephanou


The director shown below has held office during the period of
1 August 2023 to 23 October 2023

Anthea Benjamin


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 April 2025

And signed on behalf of the board by:
Name: Sage Stephanou
Status: Director

RADICAL THERAPIST NETWORK CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 13 months to 31 July 2023


£

£
Turnover: 27,857 4,541
Cost of sales: ( 26,188 ) ( 2,700 )
Gross profit(or loss): 1,669 1,841
Distribution costs: ( 345 ) ( 732 )
Administrative expenses: ( 2,230 ) ( 1,785 )
Operating profit(or loss): (906) (676)
Profit(or loss) before tax: (906) (676)
Profit(or loss) for the financial year: (906) (676)

RADICAL THERAPIST NETWORK CIC

Balance sheet

As at 31 July 2024

Notes 2024 13 months to 31 July 2023


£

£
Current assets
Debtors: 3 358 397
Cash at bank and in hand: 6,489 29,146
Total current assets: 6,847 29,543
Creditors: amounts falling due within one year: 4 ( 8,429 ) ( 30,219 )
Net current assets (liabilities): (1,582) (676)
Total assets less current liabilities: (1,582) ( 676)
Total net assets (liabilities): (1,582) (676)
Members' funds
Profit and loss account: (1,582) ( 676)
Total members' funds: ( 1,582) (676)

The notes form part of these financial statements

RADICAL THERAPIST NETWORK CIC

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 April 2025
and signed on behalf of the board by:

Name: Sage Stephanou
Status: Director

The notes form part of these financial statements

RADICAL THERAPIST NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

RADICAL THERAPIST NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 13 months to 31 July 2023
    Average number of employees during the period 0 0

    TRANSACTIONS WITH DIRECTORS There were no transactions with Directors during the year (2023: £nil)

RADICAL THERAPIST NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Debtors

2024 13 months to 31 July 2023
£ £
Prepayments and accrued income 358 397
Total 358 397

RADICAL THERAPIST NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

2024 13 months to 31 July 2023
£ £
Accruals and deferred income 8,429 30,219
Total 8,429 30,219

COMMUNITY INTEREST ANNUAL REPORT

RADICAL THERAPIST NETWORK CIC

Company Number: 14207537 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Between the 1st August 2023 to 31st July 2024, Radical Therapist Network has: -Offered an online creative solidarity space to provide community support to people affected by ongoing global events and conflicts. This led to an online “exhibition” on our social media. -Offered an online restorative space for therapists, healers, and health workers to provide an intimate space in support of collective care. -Held a week-long, daily online space to gather in solidarity in response to global conflicts. -Held an online event on the theme of ancestral healing practices alongside a guest author. -Alongside a guest facilitator, we offered three online healing spaces for queer and trans people of colour (QTIBIPOC). The group explored body-based practices such as guided breath-work, somatic experiencing and restorative yoga. -Alongside a guest facilitator we piloted an experiential group for therapists, healers, and health workers wishing to cultivate community, solidarity and sustainability in our value-aligned actions towards decolonial practices. -Developed and offered four online Community Support Circles for people of the global majority, and those affected by the riots across the UK in the summer of 2024. -Worked with a consultant within the field to support the director in envisioning the future of RTN’s structure and work. This consisted of three consultant led workshops and a report. This is supporting the infrastructure of RTN to strengthen and deepen our work as it moves into a new iteration. -Raised £31,000 for our QTIBIPOC Therapy Fund. We then launched our application process, whereby we received 280 applications, of which 20 people received funding. In response to the success of the Therapy Fund, RTN has onboarded a volunteer Therapy Fund Coordinator, who is working alongside the director to develop and implement a strategy that will enable us to provide free therapy to the remaining 260 applicants. This has started to come into fruition through developing relationships with like-minded groups and organisations. RTN has spent the year prioritising the provision of community resources to support people and communities most affected by systemic oppression. As RTN continues to develop its vision and internal infrastructure, it has become clear that there is a need to develop our stakeholder criteria to include community & health workers, as well as those most impacted by systemic oppression. This expands the reach of our work to positively benefit more people in our shared community. Feedback from our community groups and offerings has had an extremely positive response, and has since led to requests for regular monthly online offerings, as well as in-person offerings. As these spaces are not-for-profit, we have created and held financially accessible healing justice resources that would otherwise be inaccessible. Most notably, the QTIBIPOC Therapy Fund, our long-term project, has made a significant impact by being able to provide 20 queer and trans people of colour with free therapy for either 18 or 40 weeks. Access to Counselling and Psychotherapy is an essential healing resource, however it’s often unaffordable to marginalised people. As one recipient has fed back, “I think that allowing QPOC to receive therapy cost-free is a very special and important thing to offer. A lot of us want and need this kind of help as being a person of colour and queer is a very unique, and a lot of time, isolating experience. So having access to therapy funding by people who care, is amazing.”

Consultation with stakeholders

A community Meeting was held on 13th August 2024 to give an overview of the year and to feedback important changes, and receive feedback. The stakeholders consist of Radical Therapist Network Members who are made up of trainee and qualified therapists. This meeting provides an opportunity for stakeholders to share their views on work that has been happening within RTN, as well as an opportunity to connect with one another. This Community Meeting resulted in stakeholder volunteering to support some of the internal work that RTN is under-taking, including to support with fundraising.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 November 2024

And signed on behalf of the board by:
Name: Sage Stephanou
Status: Director