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Company registration number: 06382866
Charity registration number: 1122189
The Foundation For Professionals In Services For Adolescents
Trustees' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2025
The Foundation For Professionals In Services For Adolescents
Contents
Contents

| Page
--- | ---
Reference and Administrative Details | 1
Trustees' Report | 2—4
Independent Examiner's Report | 5
Statement of Financial Activities (including Income and Expenditure Account) | 6
Balance Sheet | 7—8
Notes to the Financial Statements | 9—16

Page 1
The Foundation For Professionals In Services For Adolescents
Reference and Administrative Details
For The Year Ended 31 December 2025
Reference and Administrative Details

Trustees | Dr A D Cockett
| Ms C L Moran
| Mrs J T Smith
| Mr G J Head (resigned 14/05/2026)
| Mrs A Mumtaz
| Mr R E Symington (resigned 21/01/2025)
| Mr N Hemstock
| Mr K Wilshere
| Mr P J Mitchell
| Mr A S Simpson (appointed 26/03/2026)
| Mrs L Zhang (appointed 26/03/2026)
| Mrs N E Beccles (appointed 26/03/2026)
Company Secretaries | Mr R E Symington (resigned 21/01/2025)
| Mr K Wilshere (appointed 21/01/2025)
Charity Number | 1122189
Company Number | 06382866
Registered Office | 10 Manor Park
| Banbury
| Oxfordshire
| OX16 3TB
Independent Examiner | David Handley FCA
| Handleys Chartered Accountants
| 10 Manor Park Banbury Oxfordshire OX16 3TB

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The Foundation For Professionals In Services For Adolescents
Company No. 06382866
Trustees' Report For The Year Ended 31 December 2025
Trustees' Report
The trustees present their report and the financial statements for the year ended 31 December 2025.
Objectives and Activities
Aims and Objectives
To develop the skills and knowledge base for people working in the field of adolescents with mental health needs.
To promote by all available means the study of adolescence and to improve the standard of knowledge and practice of the assessment, management and treatment of adolescents with mental health problems and disorders.
To encourage and support the carrying out of research and investigation into the mental health needs of adolescents and the management and treatment of adolescents with mental health problems.
Achievements and Performance
Main Achievements
The Foundation for Professionals in Services for Adolescents (FPSA) aims to assist individuals in improving their professional skills in working to improve the mental health of adolescents in the following ways:
The publication of the Journal of Adolescence publishes approximately 160 articles per year here This journal is devoted to scientific research.
The FPSA website features information on all activities and is updated on a regular basis. Grant recipients are required to submit a report for the trustees and FPSA website after they have completed their training.
FPSA are proud to have Professor Dame Susan Bailey OBE as a Patron.
Co-ordination of suitable courses, conferences and training as well as applications from individuals for funding is administered by Katy Thorne, with all final decisions on grant allocation being made by the Trustees. In 2025 FPSA received 104 applications which was down from 117 applications in 2024, 55 of these were approved. The charity initially pays out 90% of the award at the time of approval with the remaining 10% being paid out when evidence of completion is received. All grants awarded to individuals and organisations were well in keeping with the charity's aims and objectives. The frequent reviewing of the grant application process and criteria helps make the selection process more 'user friendly' for the trustees resulting in a more equitable and consistent approach.
FPSA also encourages the organisation of local study days by providing funding and administration. These are designed for a small number of attendees in a local area and are designed to be interactive and to encourage networking.
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The Foundation For Professionals In Services For Adolescents
Trustees' Report (continued)
For The Year Ended 31 December 2025
Financial Review
Financial Position
The attached financial statements show the current state of the finances which the Committee of Management consider to be sound.
The financial objective of the Foundation is to be able to support its objectives and activities. To this end it is important that the Foundation is able to run at a surplus which will augment the funds of the Foundation and so facilitate its objectives, especially those relating to the support of and training of those working with adolescents.
The principal funding source is the journal published by the Foundation and the expenditure of the Foundation is all incurred to support the objectives and activities carried out to implement its objectives.
There will be no significant changes in the activities of the Foundation in the coming year and its key objectives are as last year, that is to facilitate the publication of the journal, and other information and to promote the study of adolescence. In addition to this another key objective is the provision of grant funding for training and research.
It is FPSA's policy to hold reasonable reserves which is considered to be approximately one year's expenditure to cover both administration expenditure and a normal level of grants. At the end of 2025 the reserves stood at £377,743 (2024: £380,564); annual expenditure was £221,340 (2024: £216,822). Reserves are held because FPSA's main aim is to assist individuals in improving their skills for working with young people with mental health needs. This is done, in the main, by providing full or part funding for approved courses and study days.
Structure, Governance and Management
Governing Document
The Foundation was established in 1977 as The Association for the Psychiatric Study of Adolescence. The name was changed to The Association for Professionals in Services for Adolescents in 1992 to reflect the changes in services for young people.
The Foundation for Professionals in Services for Adolescents became incorporated as a Company Limited by Guarantee on 26 September 2007 and entered in the Central Register of Charities on 7 January 2008.
The name was changed to The Foundation for Professionals in Services for Adolescents in July 2011 when the charity ceased being a member organisation.
FPSA's reserves are monitored by the Honorary Treasurer. Any decisions regarding investment policy are taken by the Committee of Management.
Trustee Selection Methods
The term of office is open-ended. New Trustees are given the relevant information on appointment to enable them to be able to contribute to the governance and direction of the Foundation and they are able to consult existing members. The officers are elected from the Committee of Management.
When recruiting trustees, a role description giving all the necessary information to interested applicants is advertised through various channels. It is shared by email to the FPSA database and advertised nationally. A shortlist is created and those shortlisted are invited to an interview conducted by a sub-committee.
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The Foundation For Professionals In Services For Adolescents
Trustees' Report (continued)
For The Year Ended 31 December 2025
Organisation and Risk Management
The Foundation is overseen and controlled by the Committee of Management which meets three or four times a year. All decisions are made by the Committee of Management. The administration of the Foundation is contracted to Katy Thorne who also manages the co-ordination of applications for grants for research and training. The contract runs for a year and is reviewed annually.
All members of the Committee of Management serve on a voluntary basis.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The major risks to which FPSA is exposed have been reviewed and systems have been established to mitigate these. A risk register was approved in 2022. The register is reviewed at each committee meeting.
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.
The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr N Hemstock Trustee
01/06/2026

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The Foundation For Professionals In Services For Adolescents
Independent Examiner's Report to the Trustees of The Foundation For Professionals In Services For Adolescents
For The Year Ended 31 December 2025
Independent Examiner's Report to the Trustees of The Foundation For Professionals In Services For Adolescents
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.
Responsibilities and Basis of Report
As the charity 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
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.
David Handley FCA
01/06/2026
Handleys Chartered Accountants
10 Manor Park
Banbury
Oxfordshire
OX16 3TB
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The Foundation For Professionals In Services For Adolescents
Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 December 2025
Statement of Financial Activities (including Income and Expenditure Account)

| 2025 | 2024
--- | --- | ---
| Unrestricted funds | Unrestricted funds
| Notes | £ | £
INCOME AND ENDOWMENTS FROM:
Charitable activities: | 3
Charitable activities |  | 216,479 | 224,027
Investments | 4 | 2,040 | 2,373
|  | 218,519 | 226,400
EXPENDITURE ON:
Charitable activities: | 5
Charitable activities |  | (221,340 ) | (216,822 )
NET (EXPENDITURE)/INCOME |  | (2,821 ) | 9,578
NET MOVEMENT IN FUNDS |  | (2,821 ) | 9,578
RECONCILIATION OF FUNDS:
Total funds brought forward |  | 380,564 | 370,986
TOTAL FUNDS CARRIED FORWARD | 15 | 377,743 | 380,564

The notes on pages 9 to 15 form part of these financial statements.
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The Foundation For Professionals In Services For Adolescents
Balance Sheet
As At 31 December 2025
Balance Sheet

| 2025 | 2024
--- | --- | ---
| Unrestricted funds | Total funds
| Notes | £ | £
FIXED ASSETS
CURRENT ASSETS
Debtors | 13 | 101,479 | 109,027
Cash at bank and in hand |  | 278,364 | 273,637
|  | 379,843 | 382,664
Creditors: Amounts Falling Due Within One Year | 14 | (2,100 ) | (2,100 )
NET CURRENT ASSETS (LIABILITIES) |  | 377,743 | 380,564
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 377,743 | 380,564
NET ASSETS |  | 377,743 | 380,564
FUNDS OF THE CHARITY
Unrestricted Funds |  | 377,743 | 380,564
TOTAL FUNDS | 15 | 377,743 | 380,564

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The Foundation For Professionals In Services For Adolescents
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the charitable 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 trustees 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

Mr N Hemstock Trustee | Mr K Wilshere Trustee
01/06/2026

The notes on pages 9 to 15 form part of these financial statements.
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The Foundation For Professionals In Services For Adolescents
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
The Foundation For Professionals In Services For Adolescents is a company limited by guarantee, incorporated in England & Wales, registered number 06382866 and registered charity number 1122189 . The registered office is 10 Manor Park , Banbury, Oxfordshire, OX16 3TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
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.
2.3. Resources Expended
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.
Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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% on reducing balance

2.5. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
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The Foundation For Professionals In Services For Adolescents
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
3. Income from Charitable Activities

| 2025 | 2024
--- | --- | ---
| Unrestricted funds £ | Unrestricted funds £
Charitable activities:
Journal expense income | 75,000 | 75,000
Share of journal profit | 141,479 | 149,027
| 216,479 | 224,027

4. Investment Income

| 2025 | 2024
--- | --- | ---
| Unrestricted | Unrestricted
| funds | funds
| £ | £
Bank interest receivable | 2,040 | 2,373

5. Analysis of Expenditure

|  |  |  | 2025
--- | --- | --- | --- | ---
| Activities undertaken directly (see note 6 ) | Grant funding of activities (see note 7 ) | Support costs (see note 8 ) | Total
| £ | £ | £ | £
Charitable activities | 90,057 | 96,132 | 35,151 | 221,340

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The Foundation For Professionals In Services For Adolescents
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

|  |  |  | 2024
--- | --- | --- | --- | ---
| Activities undertaken directly (see note 6 ) | Grant funding of activities (see note 7 ) | Support costs (see note 8 ) | Total
| £ | £ | £ | £
Charitable activities | 80,616 | 98,924 | 37,282 | 216,822

6. Direct Costs

| 2025
--- | ---
| Charitable activities
| £
General administration:
Legal and professional fees | 17,195
Editorial team fees | 72,444
Interest payable:
Bank charges | 418
| 90,057

| 2024
--- | ---
| Charitable activities
| £
General administration:
Legal and professional fees | 17,179
Editorial team fees | 62,863
Interest payable:
Bank charges | 574
| 80,616

7. Grants Payable

| 2025 | 2024
--- | --- | ---
| Grants to | Grants to
| Individuals | Individuals
| £ | £
Charitable activities | 96,132 | 98,924

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The Foundation For Professionals In Services For Adolescents
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Support Costs

| 2025
--- | ---
| Charitable activities
| £
General administration:
Travel and subsistence | 1,385
Insurance | 252
Printing, postage and stationery | 298
SRA expenses | 3,052
Committee expenses | 7,442
Venue expenses | 3,168
Event costs and website | 4,036
Telephone | 155
Accountancy fees | 2,400
Legal fees | 11,463
Governance costs:
Independent examiner's fees | 1,500
| 35,151

| 2024
--- | ---
| Charitable activities
| £
General administration:
Travel and subsistence | 468
Printing, postage and stationery | 447
SRA expenses | 5,933
Committee expenses | 8,822
Venue expenses | 2,826
Event costs and website | 2,804
Telephone | 629
Accountancy fees | 2,400
Legal fees | 11,453
Governance costs:
Independent examiner's fees | 1,500
| 37,282

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The Foundation For Professionals In Services For Adolescents
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
9. Independent Examiner's Remuneration

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Independent examination of the financial statements | 1,500 |  | 1,500

10. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
- -
11. Intangible Assets

| Development Costs
--- | ---
| £
Cost
As at 1 January 2025 | 9,207
As at 31 December 2025 | 9,207
Amortisation
As at 1 January 2025 | 9,207
As at 31 December 2025 | 9,207
Net Book Value
As at 31 December 2025 | -
As at 1 January 2025 | -

12. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 January 2025 | 8,125
As at 31 December 2025 | 8,125
Depreciation
As at 1 January 2025 | 8,125
As at 31 December 2025 | 8,125
Net Book Value
As at 31 December 2025 | -
As at 1 January 2025 | -

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The Foundation For Professionals In Services For Adolescents
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
13. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 101,479 |  | 109,027

14. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accruals and deferred income | 2,100 |  | 2,100

15. Movement in Funds

| As at 1 January 2025 | Income | Expenditure | As at 31 December 2025
--- | --- | --- | --- | ---
| £ | £ | £ | £
Unrestricted funds
General:
General unrestricted fund | 380,564 | 218,519 | (221,340 ) | 377,743
Total funds | 380,564 | 218,519 | (221,340 ) | 377,743

| As at 1 January 2024 | Income | Expenditure | As at 31 December 2024
--- | --- | --- | --- | ---
| £ | £ | £ | £
Unrestricted funds
General:
General unrestricted fund | 370,986 | 226,400 | (216,822 ) | 380,564
Total funds | 370,986 | 226,400 | (216,822 ) | 380,564

16. Transactions with Trustees
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

| 2025 | 2024
--- | --- | ---
| £ | £
Travel | 2,703 | 2,861

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The Foundation For Professionals In Services For Adolescents
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
Number of trustees reimbursed for expenses during the year was 7 (2024: 8)
17. Related Party Disclosures
Other than reimbursement of expenses to Trustees disclosed in note 16, there were no related party transactions that need to be disclosed during the year ended 31 December 2025 (2024: none).
18. 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 £1.
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The Foundation For Professionals In Services For Adolescents
Detailed Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 December 2025
Detailed Statement of Financial Activities (including Income and Expenditure Account)

| 2025 | 2024
--- | --- | ---
| Total funds | Total funds
| £ | £
INCOME AND ENDOWMENTS FROM:
Charitable Activities:
Charitable activities
Journal expense income | 75,000 | 75,000
Share of journal profit | 141,479 | 149,027
| 216,479 | 224,027
Investments
Bank interest receivable | 2,040 | 2,373
| 2,040 | 2,373
| 218,519 | 226,400
EXPENDITURE ON:
Charitable Activities:
Charitable activities
Legal and professional fees | (17,195) | (17,179)
Editorial team fees | (72,444) | (62,863)
Grants to individuals | (96,132) | (98,924)
Bank charges | (418) | (574)
Travel and subsistence | (1,385) | (468)
Insurance | (252) | -
Printing, postage and stationery | (298) | (447)
SRA expenses | (3,052) | (5,933)
Committee expenses | (7,442) | (8,822)
Venue expenses | (3,168) | (2,826)
Event costs and website | (4,036) | (2,804)
Telephone | (155) | (629)
Accountancy fees | (2,400) | (2,400)
Legal fees | (11,463) | (11,453)
Independent examiner's fees | (1,500) | (1,500)
| (221,340) | (216,822)
| (221,340) | (216,822)
NET (EXPENDITURE)/INCOME | (2,821) | 9,578

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