The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their combined Trustees’ and Directors’ report with the financial statements of the charity for the year ended 31st December 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) (FRS 102) 'Accounting and Reporting by Charities' issued in May 2014.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
The charitable company's objects and principal activities are to:
Focus upon the promotion of training to increase the number of trained and qualified Jungian Analysts.
Provide continuing professional development (CPD) seminars and workshops.
Provide professional support to members.
To raise funds to support these activities.
The state of the Association's Affairs and Results for the year are shown by the attached financial statements.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives, and in planning the future activities, of the charity.
Charitable activities
The main areas of charitable activity are:
For education, training and research in the Jungian methods of analytical psychology including its principles, clinical practice and application and the publication of the results of such research.
Providing analysis and psychotherapy for those seeking personal development, meaning and spiritual development in their lives.
Enabling people of limited means to access appropriate treatment by members of the Association including a number of low cost patients in their general practice.
Providing a range of services, lectures, classes and seminars addressing psychological disorders and the promotion of health.
Provision of training to increase the number of qualified analysts.
Maintaining a website advertising the charity's activities.
Presenting research papers at international conferences and in seminars.
Training
There are currently 9 candidates training and 2 deferrals.
Outreach
Public meetings and workshops are held throughout the year and are advertised on our website.
Income for the year ended 31st December 2025 was £169,212, up by approximately £6,000 from 2024. The 2025 year saw a significant shift in the make-up of total income, with training income falling by approximately £18,000 following a reduction in the numbers of training candidates, but income from room hire rising by over £32,000. Membership fees remained stable year-on-year.
The costs of running the company were £151,543, with major cost groups being:
Lecture expenses and training £16,829
Delancey Street lease costs £36,000
Depreciation and impairment £18,722
Wages and salaries £43,855
It should be noted that lecture expenses and training costs almost halved year-on-year, again in line with the reduction in training candidate numbers.
For the 2025 year, the company therefore shows a surplus of £17,669. This is significantly improved on the prior year deficit of £3,773, however it should be noted that, in both years, the charity had investment returns of approximately £20,000 meaning that the operational side of its affairs still continues to be run at a deficit.
The Total Funds of the company increased from £681,356, to £699,025.
To mitigate risk monies, are invested in the following:
£219,532 is invested in a Charity Bank 1 Year Fixed Term Account, term ending October 2026.
£232,346 is invested in COIF Charities Fund (2024 - £222,823)
£46,050 Barclays Community Account (2024 - £18,314)
£143,852 Barclays Business Premier Account (2024 - £141,976)
Reserves policy
Council has examined the charity’s requirements for reserves in the light of the main risks to the charity. A policy as to the unrestricted funds not committed or invested, is between 3 and 6 months of expenditure, which are the reserves needed to meet the working capital requirements of the charity. Following the sale of the charity’s previous freehold premises, the company has invested significant sums in both liquid and fixed-term investments to ensure appropriate reserves are available to maintain the running of the charity whilst also benefiting from some investment returns. Council is confident that at the current level they would be able to continue the current activities of the charity in the event of a significant drop in funding.
The Ethical Investigation Contingency Fund is to provide contingency funds in the event of an ethical investigation.
The Inge Allenby Fund provides for a loan to a candidate enabling him/her to spread the training fees over several years. One candidate accessed this resource during the period covered by these Accounts.
The Anniversary Support Fund provides subsidy for time-limited therapy for people under severe financial constraints.
Risk Management
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 trustees continue to assess the major risks, and are satisfied that systems are in place to mitigate exposure to the major risks.
Future Plans
AJA provides a Monthly Meeting program, which covers topics relating to current thinking, professional standards and innovation within the field of Analytical Psychology. Most of these meetings are open to practitioners of psychotherapy and analysis and satisfy the requirements for Continuous Professional Development. Many of these events are open to the public and during the last two years a greater effort has been made to publicise these meetings with the result of a much higher attendance.
In addition to Monthly Meetings and in line with the charity’s aim of promoting analytical psychology, AJA members offer seminars and workshops introducing the basic concepts of Jung. A series of low-cost online seminars were held which were popular and attracted a large number of participants. A Supervision Course is planned for 2026.
Newly qualified members have been welcomed and most are contributing to the life of AJA. As described in the previous paragraph the organisation provides a platform for discussion of a wide range of topics with relevance to the profession and to the wider society.
AJA’s move to 27 Delancey Street has facilitated the growth of outreach work. The building is leased for 5 years of which 3 years are already spent. The association is already considering the next step.
Governing document
The Charity is controlled by its governing document, the company Memorandum and Articles of Association, and constitutes a limited company, as defined by the Companies Act 2006.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
The Trustees are appointed by the Council of Management. Members of Council are elected at the AGM by a vote of the whole membership. They are experienced members of the Association of Jungian Analysts. Committee Chairs are automatically elected to Council. New Council members can be appointed during the financial year. All Council Members are told about the obligations of being a Council Member. They are provided with:
•The main documents which set out the operational framework for the charity including the Memorandum and Articles of Association
•The Company’s resources and current financial position as in the latest published accounts.
•Future plans and objectives
The trustees' report was approved by the Board of Trustees.
I report to the trustees on my examination of the financial statements of Association of Jungian Analysts Limited (the charity) for the year ended 31 December 2025.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
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 that in any material respect:
accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
the financial statements 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 financial statements 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 financial statements to be reached.
Income from charitable activities
Investments
Expenditure on charitable activities
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Association of Jungian Analysts Limited is a private company limited by guarantee incorporated in England and Wales. The members of the company are the Trustees listed in the Trustees' Report. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. The registered office is 27 Delancey Street, London, NW1 7RX.
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Expenditure on charitable activities
Unrestricted funds
Unrestricted funds
Delancey street lease
Insurance
Light and heat
Telephone
Postage and stationary
Sundries
Lecture expenses and training
Catering
Repairs and maintenance
Cleaning
Computer costs
Bank charges
Trustees remuneration
Trustees expenses reimbursed
Included within Accountancy & Bookkeeping above is £3,680 in respect of works completed by Whitings LLP
(2024 - £3,319). This is split between £1,988 for accounts preparation and independent examination
purposes (2024 - £1,815) and £1,692 for management accounting and other services (2024 - £1,504).
2 Trustees (2024 - 2) received reimbursement of expenses totalling £1,751 (2024 - £468).
0 outgoing Trustee (2024 - 1) received gifts with a total value of £Nil (2024 - £970).
7 Trustees (2024 - 4) received remuneration in respect of services provided for training, interview, supervision and seminar fees totalling £3,008 (2024 - £1,081) with full details being given below:
A Niesser - £697 (2024 - £623)
J Bierschenk - £273 (2024 - £121)
E Grant - £411 (2024 - £247)
L Bennett - £272 (2024 - £90)
J McLean - £200 (2024 - £Nil)
M Bisset - £1,055 (2024 - £Nil)
S Hall - £100 (2024 - £Nil)
The average monthly number of employees during the year was:
No employees received emoluments totalling more than £60,000.
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
Included within land and buildings is a value for the literary library of works held by the Charity at a cost of £5,821 (2024 - £5,821) which is not depreciated.
Included within other debtors is a loan from the Inge Allenby fund of £1,800 (2024 - £5,000).
Deferred income is in respect of application, course and room hire fees for which the relevant period falls into the following financial year.
All deferred income as at 31 December 2024 (£2,704) was released in the year ended 31 December 2025.
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
The Inge Allenby Fund provides for a loan to a candidate enabling him/her to spread the training fees over several years. One candidate is currently accessing this resource.
The Anniversary Support Fund provides subsidy for time-limited therapy for people under severe financial constraints.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
The Ethical Investigation Contingency Fund is to provide contingency funds in the event of an ethical investigation.
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
Other than elsewhere disclosed, there were no disclosable related party transactions during the year (2024 - none).