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Registered number: 03610301
The Foundation for Psychotherapy and Counselling
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 June 2025
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
The Foundation for Psychotherapy and Counselling
Contents
Contents

| Page
--- | ---
Company Information | 1
Directors' Report | 2—5
Accountant's Report | 6
Income and Expenditure Account | 7
Balance Sheet | 8
Notes to the Financial Statements | 9—11

Page 1
The Foundation for Psychotherapy and Counselling
Company Information
For The Year Ended 30 June 2025
Company Information

Directors | Elizabeth Kent
| Jacqueline Fogden
| Lloyd Peckham
| Silvana Der Kureghian
| Karin Pappenheim
| Clare-Louise Bennison
Secretary | Jonathan Isaac
Company Number | 03610301
Registered Office | 5 Maidstone Buildings Mews
| 72-76 Borough High Street
| London
| SE1 1GN
Accountants | Godfrey Wilson Limited
| Fifth Floor Mariner House
| 62 Prince Street
| Bristol
| BS1 4QD

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The Foundation for Psychotherapy and Counselling
Company No. 03610301
Directors' Report For The Year Ended 30 June 2025
Directors' Report
The directors present their report and the financial statements for the year ended 30 June 2025.
Principal Activity
The principal activities of the company in the year under review were to promote education and undertake training for those involved in psychotherapy and counselling, and to support the education of the general public as to the use and value of counselling and psychotherapy within the community.
Not-for-Profit Status
Clause 5 of the Articles requires that the income and property of the company shall be applied solely towards the promotion of the objects of the Company as set forth in the Articles, and that none of the income or property of the Company may be paid or transferred directly or indirectly by way of a dividend bonus or otherwise by way of profit to any member of the Company and that no director may be employed by, or receive any remuneration from, or receive any other financial benefit, from the Company, unless the payment is permitted by Articles 13 to 17.
Review of the Business
Total expenditure increased from £126,516 in 2023/24 to £140,494 in 2024/25. Total income increased from £151,021 in 2023/24 to £151,720. The resulting surplus of £11,286 takes total reserves to £117,389.
Professional membership increased from 517 in 2023/24 to 527 in 2024/25. Total membership (including retired, career break and trainee members) decreased from 649 in 2023/24 to 642 in 2024/25.
We held 10 events delivering a total of 3,853 hours of Formal Learning CPD (Lectures etc) valued at £15/hour and 77 events delivering a total of 838 hours of Learning and Reflection with Others CPD (Discussions etc) valued at £5/hour, giving a total value for our CPD programme of £61,985.
454 members subscribed to PEP-Web. The annual cost of an individual subscription to PEP-Web is $150, approximately £113. The total value of this benefit is £51,302.
151 members subscribed to BJP. The cost of an individual subscription to BJP is £78. The discounted price is £45 so the discount is worth £33. The total value of this benefit is £4,983.
79 members subscribed to IJP. The annual cost of an individual online subscription to IJP is $318, approximately £240. The discounted price is £96 so the discount is worth £144. The total value of this benefit is £11,376.
UKCP gives their individual members who register through an organisation an annual discount of £61 (compared to the fee for Direct Membership). During the year, 325 FPC members registered with UKCP, generating a value of £19,825.
UKCP charges their Direct Members £250 for their 5-yearly reaccreditation to the UKCP Register. We provide this service to our UKCP registrants free of charge. 37 members completed their reaccreditation in 2024/25. The total value of this benefit is £9,250.
The total of all tangible benefits for the 2024/25 membership year was £158,721. This equates to an average of over £300 per member.
Total fees paid by members was £130,900. Therefore, for 2024/25 we have achieved a cost/benefit ratio of 121%, exceeding our target by 21%.
...CONTINUED
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The Foundation for Psychotherapy and Counselling
Directors' Report (continued)
For The Year Ended 30 June 2025
Review of the Business - continued
The work of FPC would not be possible without the significant voluntary commitment of many members participating in committees and organising events. The Board has overarching responsibility for strategy and financial oversight. The Ethics Committee supports members with ethical dilemmas and safeguarding issues and supports members subject to their regulator’s complaints procedures. The Trainee Liaison Committee provides talks for Trainee Members and recent graduates, tailored for different stages of the training, and oversees the Mentor Scheme. The Membership Committee maintains the professional standards guidance documents; supports members with professional issues; oversees applications for FPC membership; oversees the Annual Declaration and Audit process; and oversees the BPC and UKCP Accreditation and Re-Accreditation processes. The committee also oversees the work to develop new routes to membership. The CPD Planning Group puts together the programme for the Annual Conference and online Lecture Series. The Discussion Room Facilitators coordinate the programme of online discussions.
During the year the Membership Committee scoped the viability of the options for developing routes to membership and have progressed the renewal of links with previous network trainings.
Future Developments
Membership fees for 2025/26 have been held at the same level as in 2024/25.
During 2025/26 we anticipate welcoming into membership trainees from three WPF Network training centres.
The Board will continue to implement the 2023-28 Strategic Plan and will report on progress being made at the 2026 AGM.
The FPC for All Group will commence work on the primary outcome in the 2023-28 Strategic Plan that all members feel welcome, included, safe, respected and valued in their professional community.
Reserves
The Directors believe that the company should hold freely available financial reserves (the "Emergency Operating Reserve" - EOR) because it has no endowment funding and is entirely dependent for income upon membership fees, which is inevitably subject to fluctuation, and it requires protection against, and the ability to continue operating despite catastrophic or lesser, but damaging, events. The Directors believe that the minimum level of the EOR should be the equivalent of three months' operating costs, and that the maximum level of the EOR should be the equivalent of six months' operating costs, calculated and reviewed annually. For the 2025/26 financial year, the EOR range is £38,250 to £76,500.
At 30 June 2025 the level of all reserves stood at £117,389 (30 June 2024: £106,163), which is above the required EOR range for the current year. The Directors have set a break-even budget for 2025/26. The Directors believe that the EOR should be maintained at the desired level consistent with the company's overall financial position and its need to maintain and develop its activities.
The EOR at 30 June 2025 is £76,500. Surplus Reserves are held in designated funds for future investment to develop new and enhanced services. There is currently £40,949 held in designated funds. The Board have agreed to re-establish the FPC Bursary Fund and, in the 2025/26 financial year, will allocate £20,000 of surplus reserves to the Bursary Fund. The Board have allocated the remaining £20,949 to a designated fund to cover any one-off expenditure relating to the implementation of the strategic plan and the development of routes to membership.
...CONTINUED
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The Foundation for Psychotherapy and Counselling
Directors' Report (continued)
For The Year Ended 30 June 2025
Future Developments - continued
Internal Financial Control
The company has in place systems of internal control. They are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:

- A rolling plan and an annual budget and operational plan approved by the Directors;
- A number of matters are specifically reserved for the Directors' approval;
- There is a clear organisational structure with appropriate lines of reporting;
- Regular consideration by the Directors of financial results, variance from budgets, non-financial performance indicators and benchmarking reviews;
- The development of policy documents covering major strategic and operational activities reviewed with appropriate regularity and consultation; and
- The delegation by the Directors to the Company Secretary of the identification and management of risks.

Risk Management
The Directors conduct an annual review of the risks to which the company is exposed and systems are established to monitor and mitigate those risks.
At the 2025 review the Directors identified 27 low risks, two medium risks and no high risks. For all risks, control procedures are in place. Medium risks have monitoring processes in place. High risks have mitigating action in place.
The two medium risks are:
Inability to recruit members: Good progress has been made in developing potential new routes to membership but this remains a medium risk until the flow of new members can be predicted.
Adverse change of external policy: Statutory regulation for the profession would significantly disrupt the current purposes of, and relationships between, the voluntary accredited registers and the member support organisations. It is not possible, at this stage, to assess the impact on FPC that this disruption will have. Statutory regulation being introduced has become more of a reality this year, although it still remains a fairly remote possibility.
Structure of governance
Up to eight Directors are elected by the members at the Annual General Meeting, and up to four Directors are appointed by the Board, for periods of three years. Vacancies for Elected Directors may be filled by co-option by the Board for the period until the next Annual General Meeting. The Board appoints the Chair, Vice-Chair and any other Officers.
Directors
The directors who held office during the year were as follows:

Elizabeth Kent
Jacqueline Fogden
Lloyd Peckham
Silvana Der Kureghian
Karin Pappenheim
Clare-Louise Bennison
Smita Rajput Kamble | Appointed | 26/07/2024 | Resigned | 06/11/2025

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The Foundation for Psychotherapy and Counselling
Directors' Report (continued)
For The Year Ended 30 June 2025
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors 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 company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
FPC is a private not-for-profit company limited by guarantee, registered in England and Wales under registration number 03610301 and is governed by its Articles.
FPC is the professional home for WPF trained therapists. Run by our members, we represent the interests of our members. For graduates and trainees, we help foster their sense of belonging and their professional development.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board

Elizabeth Kent Director | Lloyd Peckham Director
31/01/2026

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The Foundation for Psychotherapy and Counselling
Accountant's Report
For The Year Ended 30 June 2025
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of The Foundation for Psychotherapy and Counselling For The Year Ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The Foundation for Psychotherapy and Counselling For The Year Ended 30 June 2025 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of The Foundation for Psychotherapy and Counselling , as a body, in accordance with the terms of our engagement letter dated 18 September 2024. Our work has been undertaken solely to prepare for your approval the accounts of The Foundation for Psychotherapy and Counselling and state those matters that we have agreed to state to the directors of The Foundation for Psychotherapy and Counselling , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Foundation for Psychotherapy and Counselling and its directors, as a body, for our work or for this report.
It is your duty to ensure that The Foundation for Psychotherapy and Counselling has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Foundation for Psychotherapy and Counselling . You consider that The Foundation for Psychotherapy and Counselling is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of The Foundation for Psychotherapy and Counselling . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Joshua Turner ACCA
31/01/2026

Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
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The Foundation for Psychotherapy and Counselling
Income and Expenditure Account
For The Year Ended 30 June 2025
Income and Expenditure Account

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER | 3 | 147,167 |  | 145,770
GROSS SURPLUS |  | 147,167 |  | 145,770
Administrative expenses |  | (139,629 ) |  | (125,518 )
OPERATING SURPLUS |  | 7,538 |  | 20,252
Other interest receivable and similar income |  | 4,553 |  | 5,251
SURPLUS BEFORE TAXATION |  | 12,091 |  | 25,503
Tax on Surplus | 5 | (865 ) |  | (998 )
SURPLUS AFTER TAXATION BEING SURPLUS FOR THE FINANCIAL YEAR |  | 11,226 |  | 24,505

The notes on pages 9 to 11 form part of these financial statements.
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The Foundation for Psychotherapy and Counselling
Balance Sheet
As At 30 June 2025
Balance Sheet

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
CURRENT ASSETS
Cash at bank and in hand |  | 220,123 |  | 201,284 |
|  | 220,123 |  | 201,284 |
Creditors: Amounts Falling Due Within One Year | 6 | (102,734 ) |  | (95,121 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 117,389 |  | 106,163
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 117,389 |  | 106,163
NET ASSETS |  |  | 117,389 |  | 106,163
Income and Expenditure Account |  |  | 117,389 |  | 106,163
MEMBERS' FUNDS |  |  | 117,389 |  | 106,163

For the year ending 30 June 2025 the company was entitled to exemption from audit 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Elizabeth Kent Director | Lloyd Peckham Director
31/01/2026

The notes on pages 9 to 11 form part of these financial statements.
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The Foundation for Psychotherapy and Counselling
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
The Foundation for Psychotherapy and Counselling is a private company, limited by guarantee, incorporated in England & Wales, registered number 03610301 . The registered office is 5 Maidstone Buildings Mews, 72-76 Borough High Street, London, SE1 1GN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. The company only capitalises fixed assets with a cost of more than £1,000. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% straight line

2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
...CONTINUED
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The Foundation for Psychotherapy and Counselling
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Turnover
Analysis of turnover by geographical market is as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
United Kingdom | 147,167 |  | 145,770
| 147,167 |  | 145,770

4. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
5. Tax on Surplus

| Tax Rate | 2025 |  | 2024
--- | --- | --- | --- | ---
| 2025 | 2024 | £ |  | £
Current tax
UK Corporation Tax | 19.0% | 19.0% | 865 |  | 998
Total tax charge for the period | 865 |  | 998
| 2025 |  | 2024
| £ |  | £
Profit before tax | 12,091 |  | 25,503
Breakdown of tax charge is:
Tax on profit at 19% (UK standard rate) | 2,297 |  | 4,846
Revenue exempt from taxation | (1,432 ) |  | (3,848 )
Total tax charge for the period | 865 |  | 998

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The Foundation for Psychotherapy and Counselling
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Corporation tax | 865 |  | 998
Deferred income | 94,049 |  | 89,771
Accruals | 7,820 |  | 4,352
| 102,734 |  | 95,121

7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.
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