Charity number: 1051440 THE PARENT HOUSE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS for the year ended 31 March 2023
THE PARENT HOUSE TRUST CONTENTS Page Reference and administrative details of the Charityj its Trustees and advlsers Tstee$. report Independent examin8fs rgport Statement of flnanclal actfvitles Balance sheet Notes to thg financial statements 10-21
THE PARENT HOUSE TRUST REFERENCE AND ADMINISTRATIVE DEfAILS OF THECHARITY, ITSTRUSTEESAND ADVISERS for the year ended 31 March 2023 Trustegs Jonathan Segal. Chair Barbara Ford, Vice Chair Jane Fulford Barbara Gerig (Appointed 27 January 20221 Rachel Lindsay (Resigned 31 March 20231 David Newman (Resigned 10 February 2023} Isotla Perolli (Resigned 15 July 20221 Reshard Rarnsahye.IResigned 2 July 20221 Lorraine Walker Margaretwearing (Resigned 10 February 20231 Charity rogistered number 1051440 Principal office The Parent House Trust The Parent House 55 Calshol Street London N19AS Accountants and Independent Examlner Julian Flitter Goodman Jones LLP 29130 Fitzroy Square London W1T6LQ Page I
THE PARENT HOUSETRUST TRUSTEES. REPORT forthe yearended 31 March 2023 The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2022 10 31 March 2023. ObJectlves and actlvltles a. Policies and obJectNes The objects of the Charity are.. i) To advance the well-being and development of parents, carers and children, in particular through education, SLJPPOrt 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., ill To preserve, protect and promote health including by the provision of information and advice on health, nutrition and child-care., iiil 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 parent5, carers, refugee5, ethnic minorities, displaced people and other deprived and needy groups in the community., iv) To provide or assist in the provision of facilits'es for recreats'on or other leisure lime 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 sel out above, and the effective and efficient application of resources for such object or obje¢15 by promoting or disseminating programmes or models of aclivily, projects of good practice developed or carried out by the Charity lo communities, organisalions and schools nationally or internationally in any appropriate form or format, and by the delivery of services generally. In setting objectives and planning for aclivilies, 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 harily IPB21'. b. Activitios for achieving objoctivgs Providing ongoing training, mentoring, support and courses according to the needs of each parent or carer at no cost lo them, in Order lo enable them to improve their own wellbeing and thereby lo improve the wellbeing, education and achievement of their children. Charity Commission Guidancg 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 ft)r the public benefit. Page 2
THE PARENT HOUSE TRUST TRUSTEES. REPORT (CONTINUED) fortheyearended 31 March 2023 Achievements and performance The Parent House is a community organisation in Islington, established in 2000, focused on supporting parents lo overcome barriers and improve the welfare and success of their children. Our mission is lo collaborate with the community lo enhance wellbeing, lo provide parenting support, and lo address the challenges of the rising cost of living. We value the input and involvement of parents. staff. volunteers, partners, and the wider community. Our approach creates a welcoming environment that priorilises slrenglhs, personal growth, and trauma-informed care. During the year we provided individualised support to parents, with a focus on poverty, wellbeing. parenting support, and training. Our services included assisting parents with benefits, debts. and access to essential items, as well as applying for hardship grants. We organised workshops, connecting parents with appropriate organisations, and facilitated group sessions using creative methods to boost confidence and celebrate achievements. We offered Peer Led volunteering opportunities, including mentoring, Schools project, SEND, and outreach projects. We recognise the significance of building confidence, promoting self-care, and fostering self4evelopmenl, as these factors are instrumental in empowering p2rentS to access services and make positive changes that enable their families to thrive. Through our evaluations in 22123, we have gained valuable insights into the impact of our work.. 960/9 of parents supported by The Parent House reported increased confidence, with 49Q/o experiencing great or massive Improvement. 92 /0 of parents supported by The Parent House felt more capable of coping, wlh 40¥0 reporting a great or massive improvement. 950/0 of parents supported by The Parent House observed improvements in their mental wellbeing, with 51% reporting a great or massive improvement. Despite challenges, such as limited resources and increased struggles for parents in accessing support dLJring the pandemic, we have achieved signifi'cant milestones. We involved parent5 in the review process, completed Conflict Management training, and became a Irauma-informed organisalion. Our collaborations and dedicated team have delivered exceptional services, witnessing positive transformations in parents. Looking ahead to 2023~24, we recognise the increased demand for our services due lo the cost-of-living crisis. We have reslructtjred staff teams, recruited a Senior Operations Manager, and aim to improve monitoring and evaluation processes. Our focus remains on improving parents, well-being, reducing family poverty, and enhancing their skills and life chances. We will develop partnerships, oplimise our infra5truclure, and deliver tailored Se1¢P5 to meet the evolving needs of our community. We owe our continued gratitude lo all staff and volunteers for their enormous efforts and commitment to our work in this period of continued challenges. Financial review . Going concem After making appropriate enquiries, the Trustees and Director believe that our financial resources are adequate for TPH lo continue ils activities as anticipated during the current financial year and beyond. For thi5 reason, we continue to adopt the going concern basis in preparing the financial slatemenls. Further detsils regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The Trustees aim lo maintain a level of reserves sufficient lo survive fluclualions in income and expenditure from year lo year, and in particular lo meet our slalulory. conlraclual and ethical obligations to the charity. We continue Page 3
THE PARENT HOUSE TRUST TRUSTEES. REPORT ICONTINUED) lorthe year ended 31 March 2023 lo pursue new funding applications and initiatives- with a view to maintaining a prudent buffer of financial resources for any unforeseen circumstsnces. c. Over¥lew The year's operations thus showed 8 deficit of £90,892 (2022.. surplus of £59,596) and at the end of the year reserves totalled £126,63312022.' £217,525) of which £38,328 were unreslricled funds12022.' £93,888}. Stru¢turg1 govgrnancg and managgmgnt Constitution The Charity was established by a Declarab'on of Trust in 1995 which was amended by a Deed of Amendment Ilhe Trust Deed) on 11th December 2013. b. Methods of appointment or 8lection 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 lo the Trustees and the Trustees aim lo ensure that their members, personal backgrounds or qualificatsons contribute usefully to the objects or management of the charity. c. Organlsatlonal structure and decislon-maklng pollcles The Board of Trustees administers the Charity. 11 normally meets at least 4 times a year and has appointed working groups that meet as appropriate lo prepare reports and recommendations for the Board of Trustees, consideration. Trustees allend the Charity on a routine or occasional basis al other times. An Executive Director is appointed by the Board lo be responsible lo 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 parent5 are encouraged lo apply lo the Charity both as paid employees and volunteers. Each member of staff receives monthly supervision, during which individual professional developments are discussed and supported. Beeen them staff speak seven language5 and bring a host of strengths and skills to their work al The Parent House. including Social Work, Education and Early Years. This background allows the Charity lo work lo very high standards and to share good practi and lo encourage reflection lo ensure that individual needs of all service-users are fully mel. The Parent House also benefited from considerable help from 70 volunteers this year, many of whom are fomier beneficiaries or service-users and provides them with continuing support and supervision. Page 4
THE PARENT HOUSE TRUST TRUSTEES. REPORT {CONTINUEDI forthe year ended 31 March 2023 statemgnt of Trust99$' rgsponsibilitles 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 Praclicel. The law applicable lo charities in England & Wales requires the Trustees lo prepare financial slalemenls for each financial year which give a true and fair view of the stale of affairs of the Charity and of its incoming reSoUrS and application of resources. inclLJding its income and expenditure, for that period. In preparing these financial slatemenls, the Trustees are required to". select suitable accounting policies and then apply them consislenlly,. observe the methods and principles of the Charities SORP IFRS 1021., makejudgmenls and accounb'ng estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Charity will continue in business. 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 al 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 as5els 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.. 18 Q4)13 Page 5
THE PARENT HOUSE TRUST INDEPENDENT EXAMINER'S REPORT forthe yearended 31 March 2023 Indepgndont examlnerfs report to the Trustees of The Parent House Trust I'the Charlty'l I report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023. Responslbllltles and bas18 of report As the Trustees of the Charity, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 {'the 2011 ACVI. 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(5llbl of the 2011 Act. Independent examinerfs ststement Since the Charity's gross income exceeded £250.000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn lo the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preferenTr lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with the Generally A¢PIed Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have Gome to my attentn 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 130 of the 2011 Act,. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts sel 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 2 maller ¢onsidered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 6
THE PARENT HOUSE TRUST INDEPENDENT EXAMINER'S REPORT ICONTINUEDI forthe yearended 31 March 2023 This report is made solely lo the Charity'5 Trustees, as a body, in accordan with Part 4 of the Charities IA¢coLJnts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charity's Trustees those matters l am required lo slate to them in an Independent examiner's report and for no other purpose. To the fullest extent permilled by law, I do not accept or assume responsibility lo anyone other than the Charity and the Charity's Trustees as a body. for my work or for this report. Dated.. 20-10-23 Julian Flltter FCA Goodman Jones LLP 29130 Fitzroy Square London WIT 6LQ Page 7
THE PARENT HOUSE TRUST STATEMENT OF FINANCIAL ACTIVITIES for the year gTrdod 31 March 2023 Unrestricted Funds 2023 Restricted Funds 2023 Dgsignated Funds 2023 Totsl Funds 2023 Total Funds 2022 Note Income from: Donations and legacies 29,267 167,689 196,956 314,234 Other trading activit$ 80 80 Interest on instsnt aCsS deposit account 537 537 Totsl incomg 29,884 167,689 197,573 314,24t Expenditure on: Fundraising Charitable activities 11,457 103,987 11,457 277,008 8, 103 246, 542 173,021 Total ¢xpendlture 115,444 173,021 288,465 254,645 Net lexpenditurev income Transfers b¢tw¢en funds Net movement In funds (85,560) 15.332) 190.8921 59,596 30,000 130,0001 {55,560) 15,332) 130.0001 190.8921 59,596 Reconciliation of funds: Total funds brought forward Net movement in fund5 Total fund$ carrled forward 93,888 {55,220) 93,637 15,332) 30,000 130,0001 217,525 190,8921 157,929 59,596 38,328 88,305 126.633 217,525 The notes on pages 10 to 21 fomi part of these financial statements. Page 8
THE PARENT HOUSE TRUST BALANCE SHEET as at 31 March 2023 2023 2022 Noto Fixed assets Tangible assets Current assets 9,104 14, 105 Debtors Cash at bank and in hand 257 129,339 30,000 185, 626 129,596 215.626 Creditors.. amounts falling due within one year 10 112,067) (12.206) Net current assgt$ 117,529 203,420 Total Tret assets 126,633 217,525 Charityfunds Restricted funds 12 12 12 88,30S 93,637 30,000 93,888 Designated funds Unrestricted funds 38,328 Total funds 126,633 217,525 The financial statemen15 were approved and aulhorised for issue by the Trustee5 and signed on their behalf by.. Jonathan Segal (Chair of Trustees) Dale.. 19 f)thLtr Qo The notes on pages 1010 21 form part of these financial statements. Page 9
THE PARENT HOUSE TRUST NOTES TOTHE FINANCIAL STATEMENTS forthe yearended 31 March 2023 General inforn)atlon The Parent House Trust is an unincorporated charity. The Charity's objectives are lo advance the well- being and development of parents, carers and children as slated in the Trustees, Report. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 102} Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The linancial statements have been prepared to give a 'lrue and fair, view and have departed from the Charities (Accounts and Reportsl Regulations 2008 only lo the extent required to provide a 'lrue and fairf view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Ch8rities.' 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 ftnancial statements are prepared in sterling. which is the fvnctional currency of the Charity. Monetary amounts in these financial statements are rounded lo the nearest £. 2.2 Fund accountlng General frjnds 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 slalements. Restricted funds are funds which are lo be used in accordance with specific StriCtIonS imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administeTing such funds are charged against the specific fund. The aim and use of each restricted fund is Sel out in the notes to the financial statements. 2.3 Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources lo meet ils Commitments and liabilities and lo continue in operational existence for the foreseeable future. Accordingly, they continue lo adopt the going concern basis in preparing the financial statements. Page 10
THE PARENT HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 March 2023 Accountlng policies {continued) 2.4 Income All income is recognised once the Charity has enb'llement 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 enlillement lo the funds, any performance conditions allached to the grants have been met, il 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 lo be deferred until the criteria for income recognition, including achieving any allached perfomance conditions, have been met. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. Income lax recoverable in relation lo investment income is recognised al the time the investment income is receivable. 2.5 Expendituro ExpenditUTe is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, il 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 cost5, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that aclivily. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis oftime 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 objectNies, as well as any associated support cost5. All expenditure is inclusive of irrecoverable VAT. 2.6 Tangible fixed assets and depreclatlon 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 al cost. After recognition, under the cost model, tangible tixed assets are measured at cost less accumulated depreciats'on and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Page11
THE PARENT HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS for the year gnded 31 March 2023 Accounllng pollcles {contlnuedl 2.6 Tanglble flxed assets and depreclatlon {contlnued} 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 ba5es'. Building renovations Fixture5 and fittings over the period of the lease 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 dints 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 selllement, and the amount ol the selllement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates t will pay to settle the debt or the amount it has received as advanced payments for the goods or services il must provide. Provisions are measured at the best estimate of the amounts required lo sellle the obligation. Where the effect of the lime 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 activitS as a ftnance cost. 2.10 Financial instrurnents The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financi81 instruments are initially recognised al tr8nsaclion value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 12
THE PARENT HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS fortheyear ended 31 March 2023 lllcome from donations and legacies Unrestricted Deslgnated Restricted funds funds funds 2023 2023 2023 Total funds 2023 Total funds 2022 Donations Grants 19,267 10,000 367 167,322 19,634 177,322 12.721 301,513 Total donations and grants 29,267 167.689 196.956 314,234 Total 2022 72,721 30,000 211,513 314,234 Analysis of expenditure by activities Actlvltles undertaken dlrectly 2023 Support costs 2023 Total funds 2023 Total fvnds 2022 Education and support 242.357 34.651 277,008 246,542 Total 2022 208,212 38,330 246,542 Page 13
THE PARENT HOUSE TRUST NOTES TOTHE FINANCIAL STATEMENTS forthe yearended 31 March 2023 Analysls of expendlture by actlvltles Icontlnued) Analysts of direct costs Educatlon and gUPPOrt 2023 Total funds 2023 Tot81 funds 2022 Staff costs Other direct costs 214.943 27,414 214,943 27,414 198,494 9. 718 242,357 242,357 208.212 Total 2022 208,212 208,212 Analysis of support costs Education and support 2023 Total funds 2023 Total funds 2022 Depreciation Premises expenses offi expenses Other support costs Training expenses Govemance expenses Independent examinatB)n 5,601 8,947 11.299 6,298 5,601 8,947 11,299 6.298 346 5,401 6,822 10,998 10,085 3,053 225 1.800 2,160 2.160 34,651 34,651 38,330 Total 2022 38,330 38,330 Page 14
THE PARENT HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS forthe yearended 31 March 2023 Analysis of expenditure on ¢harit•ble a¢tivities Summary by fund type Unrestrieted Deslgnated funds funds 2023 2023 Restrlcted funds 2023 Totsl funds 2023 Total funds 2022 Education and support 103,987 173.021 277,008 246.542 Total 2022 56,358 190. 184 246,542 Staff costs 2023 2022 Wages and salarS 214,943 1g8,494 214,943 198,494 The average number of per50n5 employed by the Charity during the year was as follows.. 2023 No. 2022 No. Training and education Administrats'on Mentoring and support 11 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 £73,10212022.' £69,293). Page 15
THE PARENT HOUSE TRUST NOTES TOTHE FINANCIAL STATEMENTS forthe yearended 31 March 2023 Trustse$' remuneratlon and expenses During the year, no Trustees received any remuneration or other benefits (2022- £NIL). During the year ended 31 March 2023, no Trustee expenses have been incurred (2022- £NIL). Tangible fixed assets Freehold Fixtures and property fittlngs Total Cost or valuation Al 1 April 2022 Additions 151,700 56,839 600 208,539 600 At 31 March 2023 57.439 209,139 Depreciation At1 April 2022 Charge for the year 141,784 3,307 52,650 2,294 194,434 5,601 At 31 March 2023 145,091 54.944 200,035 Net book value At 31 March 2023 6,609 2,495 9,104 At 31 March 2022 9,916 4,189 14,105 Debtors 2023 2022 Other debtors Prepayments and accrued income 257 30,000 257 30,000 Page 16
THE PARENT HOUSE TRUST NOTES TOTHE FINANCIAL STATEMENTS for the ygar ended 31 March 2023 10. Creditors: Amounts falling duewithin oneyear 2023 2022 Trade creditors 9.667 2.400 176 Accruals and deferred income Other creditors 2,400 9,630 12,067 12,206 11. Lease obllgatlons At 31 March the charity had minimum lease payments under non-cancellable operating leases, as follows.. 2023 2022 Equipment 10,201 13.596 Page 17
THE PARENT HOUSETRUST NOTES TO THE FINANCIAL STATEMENTS forthe yoarended 31 March 2023 12. Statement of funds statement of funds- current year Balance al 31 March 2023 Balan at 1 April Income Expendlture 2022 Transfer betsveen funds Unrestrlcted Funds Unrestricted Funds 93,888 29,884 1115,4441 30,000 38,328 Designated Funds Designated Funds 30,000 130,000) Restrlcled funds Cripplegale Foundation Catalyst Building Renovab'ons Islington Council VCS Fund Cripplegate Foundation Crisis Fund 191ington Giving Food Fund Peabody Community Fund Two Magpies Fund Islington Giving Supporting Families Islington Council Parenting Workshop Paul Hamlyn Foundation Charity of Sir Richard Whittington National Lottery Awards for All Morris Trust Cripplegale Foundath)n Islington Giving London Calalysl True Colours Trust Trust Order of Worship The Henry Smith Charity Sl Pancras Welfare Trust Derwent London 6,383 9,916 5.000 16,0771 13,3071 117,5001 15.0001 14851 {6,9811 111,3551 {9.4951 16601 120,9991 120,0001 5.306 6,609 17,500 5.000 2.666 7,416 2,181 5,002 4,567 11,355 9,495 1,000 22,000 20,000 10.000 5.000 18,000 15,500 3.000 9.989 368 25,000 250 20,000 5,000 21,001 5,000 10.000 4,584 7,500 7,750 3,000 1,756 7,500 7,750 {2,172) 118,0001 115.5001 {9,9891 1,377 8,287 1,745 8.286 125,0011 1250) 12501 250 93,637 167.689 1173,361) 88,304 Total of funds 217.525 197,573 1288,465) 126,633 Page18
THE PARENT HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 March 2023 12. Statement of funds Icontlnued The restricted funds as analysed above are held for the following purposes.. The building renovation funds represents the expenditure on the property after depreciation. The Cripplegale Foundation Calalysl Fund provided grant5 for parents that are supported by the charity. Islinglon Giving provided funding for our Outreach Project. Paul Hamlyn Foundation provided funds for Covid support and the charity's Core Costs. True Colours Trust provided funding to support a SEND parent project. 151ington Giving Supporting Families provided funds for a Peer Consultation Support project. The Association of Mental Health Providers provided funds for Covid support. The Tudor Trust Wellbeing grant represented funds lo support staff wellbeing. Laces, Islington Council VCS Fund, The Drapers Charitable Fund, Charity of Sir Richard Whittington, Cripplegale Foundation and The Henry Smith Charity all provided funds to support the Charity's Core costs. Garfield Weston Foundation and Two Magpies provide funding for the Mentoring project. Chapman Charitable Trust and Morris Trust provided funding lo support 1..1 sessions. Peabody Community Fund provided funds for 1..1 sessions and wellbeing support. Derwent London provided funds for wellbeing support. The Islington Giving Food Fund was lo provide food boxes and support for service users to find long-term routes out of food insecurty. National Lollery Awards for All provided funds for a Parents Peer- led Money Matters Project. The Trust Order of Worship provided funds towards a building project. The St Pancras we8 Trust provided funds for the purchase of school uniform ft)r a parent. Islington Council provided funds for a parenting workshop. London Catalyst has provided funds for a mindfulness project. The grant received from Tudor Trust in respect of future years which was set aside in the year lo 31 March 2023 by the Trustees as designated funds for future use, was transferred from Designated funds to Unrestricted funds during the year ended 31 March 2023. Page 19
THE PARENT HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS forthe yearended 31 March 2023 12. SLitement of funds {continued} Statement of funds- prlor year Balance at 1 April 2021 Balan at 31 March 2022 Income Expenditure Unrestricted fund¥ Unrestricted Funds 85.621 72.728 164,4611 93,888 Desi9nated funds Designated funds 30,000 30,000 Restrlcted funds Cripplegale Foundation Calalysl 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 Islinglon Giving Garrield Weston Foundation Trust Order of Worship The Henry Smith Charty HMRC 5,575 13,223 5,000 {4,1921 {3,3071 117,500} 110,0001 17,5001 18,8661 13,4351 18,8481 139,585) 115,000} 11,3461 16,2441 118,125) 123,354) (10.000) 6,383 9,916 17.500 10,000 7,500 13,433 14.790 9,995 40,000 20,000 4,567 11.355 9,495 20,000 5,0110 19,585 1,346 3,000 5,000 25,625 23,250 10,000 1,7S6 7,500 7,750 7,854 1,377 1,377 8,287 12.500 3.920 1.000 14,213) 13.920} 11.000) 12,000) 11,750) Chapman Charitable Trust Tudor Wellbeing Derweril London 2,000 2,000 250 72,308 211,513 (190,1841 93,637 Total of funds 157,929 314,241 {254.6451 217.525 Page 20
THE PARENT HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS forthg year ended 31 March 2023 13. Analysis of net assets between funds Analysls of net assets between funds- current year Unrestricted funds 2023 Designated Restrided funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets 2,495 41,124 15,2911 6,609 9,104 88,472 125,596 {6,7761 112,067} Creditors due within one year Total 38,328 88,305 126,633 Analysis of net assets between funds- prior year Unrestricted funds 2022 Deswn8ted funds 2022 RestrKted funds 2022 Total funds 2Q22 Tangible fixed a$sets Current assets Creditors due within one year 4,189 91,989 (12.206) 9,916 83,721 14,105 215,626 (12.206J 30,000 Total 93,888 30,000 93,637 217.525 14. Related party transactlons Donations from trustees and enlilies controlled by trustees totalled £10.00012022'. £20,240} in aggregate in the year. The Charity ha5 not entered into any other related party transaction during the year or the prior year and nor are there any outstanding balances owing beeen related parties and the Charity. Page21