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2022-03-31-accounts

Charity number: 1051440

THE PARENT HOUSE TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

for the year ended 31 March 2022

THE PARENT HOUSE TRUST

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 7
Independent examiner'sreport 8 - 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 23

THE PARENT HOUSE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS for the year ended 31 March 2022

Trustees

Jonathan Segal, Chair David Newman Jane Fulford Rachel Lindsay Lorraine Walker Margaret Wearing Reshard Ramsahye (Appointed 29 September 2021; Resigned 2 July 2022) Isotta Perotti (Resigned 15 July 2022) Barbara Ford, Vice Chair

Charity registered number

1051440

Principal office

The Parent House Trust The Parent House 55 Calshot Street London N1 9AS

Accountants and Independent Examiner

Julian Flitter Goodman Jones LLP 29/30 Fitzroy Square London W1T 6LQ

Page

THE PARENT HOUSE TRUST

TRUSTEES' REPORT for the year ended 31 March 2022

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2021 to 31 March 2022.

Objectives and activities

a. Policies and objectives

The objects of the Charity are:

i) To advance the well-being and development of parents, carers and children, in particular through education, support and training for employment and voluntary work, especially but not exclusively by the provision of programmes for literacy, numeracy and other basic skills including information and communication technology, language classes and community and family learning and also by the provision of counselling, mentoring, information and advice on education, personal development, finance and opportunities for voluntary service and employment and by the provision of such services and support as parents and carers may reasonably require so as to benefit them, their children and the community;

ii) To preserve, protect and promote health including by the provision of information and advice on health, nutrition and child-care;

iii) To relieve poverty by any charitable means including by the provision of advice, information and support, the provision of community development programmes and child-care and the provision of guidance on education, training and opportunities for work and voluntary service for parents, carers, refugees, ethnic minorities, displaced people and other deprived and needy groups in the community;

iv) To provide or assist in the provision of facilities for recreation or other leisure time occupation for the general public with the object of improving their conditions of life, and

v) To promote the efficacy and effectiveness of charities which are established for objects similar to any or all of the objects set out above, and the effective and efficient application of resources for such object or objects by promoting or disseminating programmes or models of activity, projects of good practice developed or carried out by the Charity to communities, organisations and schools nationally or internationally in any appropriate form or format, and by the delivery of services generally.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Activities for achieving objectives

Providing ongoing training, mentoring, support and courses according to the needs of each parent or carer at no cost to them, in order to enable them to improve their own wellbeing and thereby to improve the wellbeing, education and achievement of their children.

c. Charity Commission Guidance

The Board of Trustees has referred to the guidance provided by the Charity Commission in ensuring that the Charity’s aims, objectives and planning for future activities are for the public benefit.

Page 2

THE PARENT HOUSE TRUST

TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2022

Achievements and performance

a. Introduction

The Parent House Trust (”TPH”) remains rooted in our diverse local community where need and deprivation have only intensified in the last year due to the ongoing effects of the COVID-19 pandemic as well as the increasingly serious cost of living crisis. TPH aims to help whole families by responding to the individual needs of disadvantaged parents and carers. During the 2021- 2022 year we worked with 473 parents.

Parents and volunteers remained committed and positive about TPH’s services – especially given that 75% of our staff team are previous users, and are therefore very aware of the issues their peers were facing. We supported parents in a number of ways for as long as was needed.

We owe our continued gratitude to all staff and volunteers for their enormous efforts and commitment to our work in this period of continued challenges.

b. Work environment

The COVID-19 pandemic continued to have a significant impact on the activities of TPH, with our building closed to our beneficiaries for much of the period. This meant that most meetings, training and outreach had to be done virtually and staff and volunteers worked mainly from home – until restrictions loosened in early 2022 – and consequently impacted our ability to offer individual support or face-to-face meetings. However, TPH staff continued to adapt their activities and ways of working in order to respond to the new situation and challenges. Daily staff meetings helped to maintain morale and we continued to develop creative and effective initiatives triggered by COVID-19 restrictions.

TPH developed and adapted its Working from Home Policy and procedures, with a particular focus on supporting vulnerable service users as well as staff and volunteeers – for all of whom the long period without face-to-face activities become an increasing burden and cause of anxiety. TPH put in place several new policies in response to developing norms and at the request of our funders, while also simplifying and consolidating existing policies to make them more transparent as well as easier to implement and monitor.

The main issues for our beneficiaries continued to be food shortage, fear, lack of confidence, lack of IT competence, bereavement, home schooling and poverty (including the growing impact of higher energy and food costs). A shortage of IT resources continued to be an important feature, both for TPH’s beneficiaries and staff. We continued to help with IT equipment and skills, where possible – as well as providing access to food, school vouchers, activity boxes etc.

56 volunteers were involved with TPH initiatives over the past year – an increase on 2020 - 2021 due to the emergence from COVID-19, and close to earlier years. We continue to use social media actively, benefitting from our experience gained during the pandemic.

We work collaboratively with our partners by cross referring for specialist support, in particular for health and wellbeing, finance, employment and training. Our relationships with our partners have developed positively over the years and we now work with over 100 partners.

c) Projects

Projects delivered during 2021 - 2022 included:

Page 3

THE PARENT HOUSE TRUST

TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2022

We have developed our Peer Led work which we believe has been a huge success. We have recruited more staff who have experience of facilitating groups. As a result, next year we will be running a third Peer Led Group.

d) Beneficiaries

e) Impact

Wellbeing

Page 4

THE PARENT HOUSE TRUST

TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2022

Strengthening Core Skills

Access to Opportunities

Post-year end events and financial situation

The Trustees continue to support TPH staff where possible, despite some turnover in the group of Trustees. Dan Newman stepped down as Chairman of the Trustees. TPH staff and the Trustees are grateful to Dan for providing huge support for TPH and are delighted that Dan remains involved with TPH as a Trustee. Trustee sub-groups were established to deal with particular areas such as Governance & Policies, Strategy & Planning, Premises & IT and Finance.

TPH had a solid year financially, despite personal public fundraising not being possible for the most part. We owe our continued gratitude to our grant-funders and other donors who have remained extremely supportive and understanding of the limitations on our service delivery during much of the year.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees and Director believe that our financial resources are adequate for TPH to continue its activities as anticipated during the current financial year and beyond. For this reason, we continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The Trustees aim to maintain a level of reserves sufficient to survive fluctuations in income and expenditure from year to year, and in particular to meet our statutory, contractual and ethical obligations to the charity. We continue to pursue new funding applications and initiatives – with a view to maintaining a prudent buffer of financial resources for any unforeseen circumstances.

c. Overview

This year grants, which account for most of our income, increased significantly, while costs were carefully controlled. The year’s operations thus showed a surplus of £59,596 (2021: surplus of £43,998).and at the end of the year reserves totaled £217,525 (2021: £157,929) of which £93,888 were unrestricted funds (2021: £85,621).

Page 5

THE PARENT HOUSE TRUST

TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2022

Structure, governance and management

a. Constitution

The Charity was established by a Declaration of Trust in 1995 which was amended by a Deed of Amendment (the Trust Deed) on 11th December 2013.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. No benefits or remuneration are paid to the Trustees and the Trustees aim to ensure that their members’ personal backgrounds or qualifications contribute usefully to the objects or management of the charity.

c. Organisational structure and decision-making policies

The Board of Trustees administers the Charity. It normally meets at least 4 times a year and has appointed working groups that meet as appropriate to prepare reports and recommendations for the Board of Trustees’ consideration. Trustees attend the Charity on a routine or occasional basis at other times. An Executive Director is appointed by the Board to be responsible to the Trustees for the day-to day operations, but all major and long term decisions are taken by the Trustees.

The Charity has dedicated staff and staff retention is generally high. Whenever possible the charity employs staff that reflect the community which they serve and local parents are encouraged to apply to the Charity both as paid employees and volunteers.

Each member of staff receives monthly supervision, during which individual professional developments are discussed and supported. Between them staff speak seven languages and bring a host of strengths and skills to their work at The Parent House, including Social Work, Education and Early Years. This background allows the Charity to work to very high standards and to share good practice and to encourage reflection to ensure that individual needs of all service-users are fully met. The Parent House also benefited from considerable help from 70 volunteers this year, many of whom are former beneficiaries or service-users and provides them with continuing support and supervision.

Page 6

THE PARENT HOUSE TRUST

TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2022

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Jonathan Segal (Chair of Trustees) Date: 10-11-22

Page 7

THE PARENT HOUSE TRUST

INDEPENDENT EXAMINER'S REPORT for the year ended 31 March 2022

Independent examiner's report to the Trustees of The Parent House Trust ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2022.

Responsibilities and basis of report

As the Trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Page 8

THE PARENT HOUSE TRUST

INDEPENDENT EXAMINER'S REPORT (CONTINUED) for the year ended 31 March 2022

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Dated: 10-11-22

Julian Flitter FCA Goodman Jones LLP 29/30 Fitzroy Square London W1T 6LQ

Page 9

THE PARENT HOUSE TRUST

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2022

Note
Income from:
Donations and
legacies
Interest on instant
access deposit
account
3
Total income
Expenditure on:
Fundraising
Charitable activities
5
Total expenditure
Net movement
in funds
Reconciliation
of funds:
Total funds
brought forward
Net movement
in funds
Total funds
carried forward		 Unrestricted
Funds
2022
£
72,721
7
72,728
8,103
56,358
64,461
8,267
85,621
8,267
93,888		 Restricted
Funds
2022
£
211,513
-
211,513
-
190,184
190,184
21,329
72,308
21,329
93,637		 Designated
Funds
2022
£
30,000
-
30,000
-
-
-
30,000
-
30,000
30,000		 Total
Funds
2022
£
314,234
7
314,241
8,103
246,542
254,645
59,596
157,929
59,596
217,525		 Total
Funds
2021
£
271,021
-
271,021
227,023
227,023
43,998
113,931
43,998
157,929

The notes on pages 12 to 23 form part of these financial statements.

Page10

THE PARENT HOUSE TRUST

BALANCE SHEET as at 31 March 2022

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
Net current assets
Total net assets
Charity funds
Restricted funds
11
Designated funds
11
Unrestricted funds
11
Total funds		 2022
£
14,105
30,000
185,626
215,626
(12,206)
203,420
217,525
93,637
30,000
93,888
217,525		 2021
£
13,223
2,966
165,298
168,264
(23,558)
144,706
157,929
72,308
-
85,621
157,929		 2021
£
13,223
2,966
165,298
168,264
(23,558)
144,706
157,929
72,308
-
85,621
157,929
157,929
72,308
-
85,621
157,929

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

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................................................
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................................................ Jonathan Segal (Chair of Trustees) Date: 10-11-22

The notes on pages 12 to 23 form part of these financial statements.

Page 11

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

1. General information

The Parent House Trust is an unincorporated charity. The Charity's objects are to advance the well-being and development of parents, carers and children as stated in the Trustees' Report.

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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Parent House Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

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 £.

2.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity 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 Charity 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.

2.3 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees have considered the impacts that the Covid-19 pandemic may have for the Charity and it is deemed that the Charity can meet its commitments and liabilities and can continue for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Page 12

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

2. Accounting policies (continued)

2.4 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income from government and other grants, whether capital or revenue grants, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably. Income received in advance for the provision of specified services is to be deferred until the criteria for income recognition, including achieving any attached performance conditions, have been met.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.5 Expenditure

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 allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 13

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their expected useful lives on the following bases:

Building renovations - over the period of the lease Fixtures and fittings - 3 years straight line

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 Financial instruments

The Charity 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 14

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

3. Income from donations and legacies

Donations
Grants
Total donations and grants
Total 2021		 Unrestricted
funds
2022
£
12,721
60,000
72,721
66,940		 Designated
funds
2022
£
-
30,000
30,000
-		 Restricted
funds
2022
£
-

211,513

211,513

204,081		 Total
funds
2022
£
12,721
301,513
314,234
271,021		 Total
funds
2021
£
2,352
268,669
271,021

4. Analysis of expenditure by activities

Education and support
Total 2021		 Activities
undertaken
directly
2022
£
208,212
194,111		 Support
costs
2022
£
38,330
32,912		 Total
funds
2022
£
246,542
227,023		 Total
funds
2021
£
227,023

Page 15

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

4. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Other direct costs
Total 2021
Analysis of support costs
Depreciation
Premises expenses
Office expenses
Other support costs
Training expenses
Governance expenses
Independent examination
Total 2021		 Education
and support
2022
£
198,494
9,718
208,212
194,111
Education
and support
2022
£
5,401
6,822
10,998
10,085
3,053
225
1,800
38,330
32,912		 Total
funds
2022
£
198,494
9,718
208,212
194,111
Total
funds
2022
£
5,401
6,822
10,998
10,085
3,053
225
1,800
38,330
32,912		 Total
funds
2021
£
188,476
5,635
194,111
Total
funds
2021
£
3,307
2,383
12,702
11,111
409
-
3,000
32,912

Page 16

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

5. Analysis of expenditure on charitable activities

Summary by fund type

Education and support
Total 2021		 Unrestricted
funds
2022
£
56,358
35,751		 Designated
funds
2022
£
-
-		 Restricted
funds
2022
£

190,184

191,272		 Total funds
2022
£
246,542
227,023		 Total
funds
2021
£
227,023

6. Staff costs

Wages and salaries 2022
£
198,494
198,494		 2021
£
188,476
188,476

The average number of persons employed by the Charity during the year was as follows:

Training and education
Administration
Mentoring and support		 2022
No.
2
3
5
10		 2021
No.
1
2
7
10

No employee received remuneration amounting to more than £60,000 in either year.

The total aggregate payments received by key management personnel in the year was £69,293 (2021: £67,338).

Page 17

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL)

During the year ended 31 March 2022, no Trustee expenses have been incurred (2021 - £NIL) .

8. Tangible fixed assets

Cost or valuation
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
9.
Debtors
Other debtors
Prepayments and accrued income		 Freehold
property
£
151,700
-
151,700
138,477
3,307
141,784
9,916
13,223		 Fixtures and
fittings
£
50,556
6,283
56,839
50,556
2,094
52,650
4,189
-
2022
£
-
30,000
30,000		 Total
£
202,256
6,283
208,539
189,033
5,401
194,434
14,105
13,223
2021
£
2,966
-
2,966

Page 18

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

10. Creditors: Amounts falling due within one year

Trade creditors
Accruals and deferred income
Other creditors		 2022
£
176
2,400
9,630
12,206		 2021
£
2,183
21,375
-
23,558

Page 19

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

11. Statement of funds

Statement of funds - current year

Statement of funds - current year
Unrestricted Funds
Unrestricted Funds
Designated Funds
Designated Funds
Restricted funds
Cripplegate Foundation Catalyst
Building Renovations
Islington Council VCS Fund
Laces Trust
Drapers Charitable Fund
Peabody Community Fund
Two Magpies Fund
Islington Giving Supporting Families
Paul Hamlyn Foundation
Charity of Sir Richard Whittington
Association of Mental Health Providers
Morris Trust
Cripplegate Foundation
Islington Giving
Garfield Weston Foundation
Trust Order of Worship
The Henry Smith Charity
HMRC
Chapman Charitable Trust
Tudor Wellbeing
Derwent London
Total of funds		 Balance at
1 April 2021
£
85,621
-
5,575
13,223
-
10,000
-
-
-
8,348
19,585
-
1,346
3,000
-
7,854
-
1,377
-
-
2,000
-
72,308
157,929		 Income
£
72,728
30,000
5,000
-
17,500
-
7,500
13,433
14,790
9,995
40,000
20,000
-
5,000
25,625
23,250
10,000
-
12,500
3,920
1,000
-
2,000
211,513
314,241		 Expenditure
£
(64,461)
-
(4,192)
(3,307)
(17,500)
(10,000)
(7,500)
(8,866)
(3,435)
(8,848)
(39,585)
(15,000)
(1,346)
(6,244)
(18,125)
(23,354)
(10,000)
-
(4,213)
(3,920)
(1,000)
(2,000)
(1,750)
(190,184)
(254,645)		 Balance at
31 March
2022
£
93,888
30,000
6,383
9,916
-
-
-
4,567
11,355
9,495
20,000
5,000
-
1,756
7,500
7,750
-
1,377
8,287
-
-
-
250
93,637
217,525

Page 20

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

11. Statement of funds (continued)

The restricted funds as analysed above are held for the following purposes:

A grant received from Tudor Trust in respect of future years has been set aside by the Trustees as designated funds for future use.

Page 21

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

11. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Unrestricted Funds
Restricted funds
Cripplegate Foundation Catalyst
Building Renovations
Islington Council VCS Fund
Laces Trust
Greater London Authority
Tech Belt Community Fund
The Goldsmiths' Company Charity
Islington Giving Supporting Families
Paul Hamlyn Foundation
People's Postcode Community Fund
Association of Mental Health Providers
Morris Trust
Cripplegate Foundation
Islington Giving
Comic relief
Trust Order of Worship
HMRC
ELBA Trust
Tudor Welbeing
Pilgrim Trust
Total of funds		 Balance at
1 April
2020
£
54,432
4,752
16,530
149
-
3,881
2,197
3,000
-
20,000
-
-
-
-
7,854
-
1,136
-
-
-
-
59,499
113,931		 Income
£
66,940
5,000
-
15,625
20,000
1,910
-
-
8,348
20,000
37,418
4,710
5,000
15,500
7,750
4,000
241
18,563
930
32,000
7,086
204,081
271,021		 Expenditure
£

(35,751)

(4,177)
(3,307)

(15,774)

(10,000)

(5,791)
(2,197)
(3,000)

-

(20,415)

(37,418)

(3,364)

(2,000)

(15,500)

(7,750)

(4,000)

-

(18,563)

(930)

(30,000)

(7,086)

(191,272)
(227,023)		 Balance at
31 March
2021
£
85,621
5,575
13,223
-
10,000
-
-
-
8,348
19,585
-
1,346
3,000
-
7,854
-
1,377
-
-
2,000
-
72,308
157,929

Page 22

THE PARENT HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022

12. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
Designated
funds
2022
£

14,105
-
91,989
30,000
(12,206)
-
93,888
30,000		 Restricted
funds
2022
£
-

93,637
-

93,637		 Total
funds
2022
£
14,105
215,626
(12,206)
217,525

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
Designated
funds
2021
£
13,223
-
95,956
-
(23,558)
-
85,621
-		 Restricted
funds
2021
£
-
72,308
-


Total
funds
2021
£
13,223

168,264
(23,558)

157,929
72,308

Total

14. Related party transactions

Donations from trustees and entities controlled by trustees totalled £20,240 (2021: £10,200) in aggregate in the year.

The Charity has not entered into any other related party transaction during the year or the prior year and nor are there any outstanding balances owing between related parties and the Charity.

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