**Charity number: 1051440**
## **THE PARENT HOUSE TRUST**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**for the year ended 31 March 2024**
## **THE PARENT HOUSE TRUST**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner'sreport**|6- 7|
|**Statement of financial activities**|8|
|**Balance sheet**|9|
|**Notes to the financial statements**|10 - 21|
## **THE PARENT HOUSE TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS for the year ended 31 March 2024**
## **Trustees**
Jonathan Segal, Chair Barbara Ford, Vice Chair Jane Fulford Barbara Gerig Lorraine Walker Sue Roberts (resigned as trustee 6/12/23) James Lucker (appointed 13/12/23)
## **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 1st Floor, Arthur Stanley House 40 -50 Tottenham St London W1T 4RN
Page
## **THE PARENT HOUSE TRUST**
**TRUSTEES' REPORT for the year ended 31 March 2024**
The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2023 to 31 March 2024.
## **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 2024**
## **Achievements and performance**
The Parent House (TPH) is a small, dedicated community organisation in Islington, founded in 2000 to support parents in overcoming barriers and enhancing the wellbeing of their children. Our mission is to work closely with families to support resilience, provide parenting support, and address challenges such as the rising cost of living. By engaging parents, we create a warm, inclusive environment that emphasises personal growth and traumainformed care.
In 2023-24, TPH supported 645 parents, with 237 receiving long-term support. Half of these parents continued with us for over a year, receiving tailored assistance. A third of them engaged in one or more of our projects, including parenting courses, SEND (special educational needs and disabilities) support, financial workshops, and volunteering opportunities.
Our services offer personalised advice, advocacy, peer support, and workshops covering well-being, parenting, SEND and financial literacy, all shaped by the parents we serve. We also empower parents to share their experiences and skills, fostering stronger local support networks and connections.
Our user-led outreach, driven by parent volunteers, ensures we reach the most disadvantaged families. These volunteers are relatable peers who share their experiences, encouraging others to seek the support they need. This approach, combined with our trained staff, allows us to offer vital services to parents facing complex challenges.
Our outcomes show clear successes: 61% of parent volunteers gained new skills for work, 94% improved their communication abilities, and 87% grew their social networks. Among those attending parenting courses, 96% felt empowered to make positive changes, and 87% reported greater resilience. Additionally, 91% of parents who participated in well-being services experienced improved resilience.
As we move forward, the demand for TPH's support continues to grow, particularly with the increasing cost of living and more complex challenges faced by parents. We remain committed to listening to parents' needs, adapting our services, and providing accessible support. We are deeply grateful to our staff, volunteers, partners, and funders for their unwavering dedication.
## **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
Page 3
## **THE PARENT HOUSE TRUST**
**TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2024**
to pursue new funding applications and initiatives – with a view to maintaining a prudent buffer of financial resources for any unforeseen circumstances.
## **c. Overview**
The year’s operations thus showed a deficit of £35,712 (2023: deficit of £90,892) and at the end of the year reserves totalled £90,921 (2023: £126,633) of which £12,484 were unrestricted funds (2023: £38,328).
## **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 4
## **THE PARENT HOUSE TRUST**
**TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2024**
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) 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 it 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 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, Spal
**Jonathan Segal** (Chair of Trustees) Date: 29-10-24
Page 5
## **THE PARENT HOUSE TRUST**
**INDEPENDENT EXAMINER'S REPORT for the year ended 31 March 2024**
## **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 2024.
## **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 the 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 6
## **THE PARENT HOUSE TRUST**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) for the year ended 31 March 2024**
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: 30-10-24
**Julian Flitter FCA** Goodman Jones LLP First Floor, Arthur Stanley House, 40 -50 Tottenham St London W1T4RN
Page 7
## **THE PARENT HOUSE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024**
|**Note**
**Income from:**
Donations and
legacies
Other trading activities
Interest on instant
access deposit
account
3
**Total income**
**Expenditure on:**
Fundraising
Charitable activities
5
**Total expenditure**
**Net (expenditure)/**
**income**
**Transfers between**
**funds**
**Net movement**
**in funds**
**Reconciliation**
**of funds:**
Total funds
brought forward
Net movement
in funds
**Total funds**
**carried forward**|**Unrestricted**
**Funds**
**2024**
**£**
**52,034**
**-**
**-**
**52,034**
**7,830**
**70,048**
**77,878**
**(25,844)**
**-**
**(25,844)**
**38,328**
**(25,844)**
**12,484**|**Restricted**
**Funds**
**2024**
**£**
**213,763**
**-**
**-**
**213,763**
**18,850**
**204,779**
**223,631**
**(9,868)**
**-**
**(9,868)**
**88,305**
**(9,868)**
**78,437**|**Designated**
**Funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**Funds**
**2024**
**£**
**265,797**
**-**
**-**
**265,797**
**26,680**
**274,829**
**301,509**
**(35,712)**
**-**
**(35,712)**
**126,633**
**(35,712)**
**90,921**|_Total_
_Funds_
_2023_
_£_
_196,956_
_80_
_537_|
|---|---|---|---|---|---|
||||||_197,573_|
||||||_11,457_
_277,008_|
||||||_288,465_|
||||||_(90,892)_
_-_|
||||||_(90,892)_|
||||||_217,525_
_(90,892)_|
||||||_126,633_|
The notes on pages 10 to 21 form part of these financial statements.
Page 8
## **THE PARENT HOUSE TRUST**
## **BALANCE SHEET as at 31 March 2024**
||||**2024**||_2023_|
|---|---|---|---|---|---|
||**Note**||**£**||_£_|
|**Fixed assets**||||||
|Tangible assets|8||**3,503**||_9,104_|
|**Current assets**||||||
|Debtors|9|**-**||_257_||
|Cash at bank and in hand||**97,442**||_129,339_||
|||**97,442**||_129,596_||
|Creditors: amounts falling due within one
year|10|**(10,024)**||_(12, 067)_||
|**Net current assets**|||**87,418**||_117,529_|
|**Total net assets**|||**90,921**||_126,633_|
|**Charity funds**||||||
|Restricted funds|12||**78,437**||_88,305_|
|Unrestricted funds|12||**12,484**||_32,328_|
|**Total funds**|||**90,921**||_126,633_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ Scatlean, Segal **Jonathan Segal** (Chair of Trustees) Date: 29-10-24
The notes on pages 10 to 21 form part of these financial statements.
Page 9
**THE PARENT HOUSE TRUST**
**NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **1. General information**
The Parent House Trust is an unincorporated charity. The Charity's objectives are to advance the wellbeing 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 meet its commitments and liabilities and to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Page 10
## **THE PARENT HOUSE TRUST**
**NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **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 11
## **THE PARENT HOUSE TRUST**
**NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **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 12
## **THE PARENT HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **3. Income from donations and legacies**
|Donations
Grants
**Total donations and grants**
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
**22,034**
**30,000**
**52,034**
_29,267_|**Designated**
**funds**
**2024**
**£**
**-**
**-**
**-**
_-_|**Restricted**
**funds**
**2024**
**£**
**-**
**213,763**
**213,763**
_167,689_|**Total**
**funds**
**2024**
**£**
**22,034**
**243,763**
**265,797**
_196,956_|_Total_
_funds_
_2023_
_£_
_19,634_
_177,322_
_196,956_|
|---|---|---|---|---|---|
## **4. Analysis of expenditure by activities**
|Education and support
_Total 2023_|**Activities**
**undertaken**
**directly**
**2024**
**£**
**247,921**
_242,357_|**Support**
**costs**
**2024**
**£**
**26,908**
_34,651_|**Total**
**funds**
**2024**
**£**
**274,829**
_277,008_|_Total_
_funds_
_2023_
_£_
_277,008_|
|---|---|---|---|---|
||||||
Page 13
## **THE PARENT HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **4. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Other direct costs
_Total 2023_
**Analysis of support costs**
Depreciation
Premises expenses
Office expenses
Other support costs
Training expenses
Independent examination
_Total 2023_|**Education**
**and support**
**2024**
**£**
**240,543**
**7,378**
**247,921**
_242,357_
**Education**
**and support**
**2024**
**£**
**5,601**
**7,138**
**9,669**
**2,085**
**15**
**2,400**
**26,908**
_34,651_|**Total**
**funds**
**2024**
**£**
**240,543**
**7,378**
**247,921**
_242,357_
**Total**
**funds**
**2024**
**£**
**5,601**
**7,138**
**9,669**
**2,085**
**15**
**2,400**
**26,908**
_34,651_|_Total_
_funds_
_2023_
_£_
_214,943_
_27,414_|
|---|---|---|---|
||||_242,357_|
||||_Total_
_funds_
_2023_
_£_
_5,601_
_8,947_
_11,299_
_6,298_
_346_
_2,160_|
||||_34,651_|
|||||
Page 14
## **THE PARENT HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
**5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Education and support
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
**70,048**
_103,987_|**Designated**
**funds**
**2024**
**£**
**-**
_-_|**Restricted**
**funds**
**2024**
**£**
**204,781**
_173,021_|**Total**
**funds**
**2024**
**£**
**274,829**
_277,008_|_Total_
_funds_
_2023_
_£_
_277,008_|
|---|---|---|---|---|---|
|||||||
## **6. Staff costs**
|Wages and salaries|**2024**
**£**
**240,543**
**240,543**|_2023_
_£_
_214,943_|
|---|---|---|
|||_214,943_|
The average number of persons employed by the Charity during the year was as follows:
|Training and education
Administration
Mentoring and support|**2024**
**No.**
**3**
**3**
**6**
**12**|_2023_
_No._
_3_
_3_
_5_
_11_|
|---|---|---|
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 £100,093 (2023: £73,102).
Page 15
## **THE PARENT HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **7. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_
During the year ended 31 March 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ .
## **8. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_
**9.**
**Debtors**
Other debtors|**Freehold**
**property**
**£**
**151,700**
**-**
**151,700**
**145,091**
**3,307**
**148,398**
**3,302**
_6,609_|**Fixtures and**
**fittings**
**£**
**57,439**
**-**
**57,439**
**54,944**
**2,294**
**57,238**
**201**
_2,495_
**2024**
**£**
**-**|**Total**
**£**
**209,139**
**-**|
|---|---|---|---|
||||**209,139**|
||||**194,234**
**5,601**|
||||**200,035**|
||||**3,503**|
||||_9,104_|
||||_2023_
_£_
_257_|
Page 16
## **THE PARENT HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **10. Creditors: Amounts falling due within one year**
|Trade creditors
Accruals and deferred income|**2024**
**£**
**7,564**
**2,460**
**10,024**|_2023_
_£_
_9,667_
_2,400_|
|---|---|---|
|||_12,067_|
## **11. Lease obligations**
At 31 March the charity had minimum lease payments under non-cancellable operating leases, as follows:
||**2024**|_2023_|
|---|---|---|
||**£**|_£_|
|Equipment|**7,662**|_10,201_|
Page 17
## **THE PARENT HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **12. 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
Islington Borough Bright Start EPEC
Islington Giving Food Fund
Peabody Community Fund
Islington Borough Bright Start North
Islington Borough Bright Start South
Islington Council Parenting Workshop
Paul Hamlyn Foundation
Charity of Sir Richard Whittington
National Lottery Awards for All
Morris Trust
Cripplegate Foundation
Islington Giving
London Catalyst
Foyle Foundation
Trust Order of Worship
The Henry Smith Charity
Garfield Weston Foundation
Grocers’ Fund
**Total of funds**|Balance at
1 April
2023
£
38,328
-
**5,306**
**6,609**
**-**
**-**
**2,181**
**5,002**
-
-
**340**
**21,001**
**5,000**
**10,000**
**4,585**
**7,500**
**7,750**
**3,000**
-
**1,745**
**8,286**
-
-
88,305
126,633|**Income**
**£**
**52,034**
**-**
**4,500**
**17,500**
**39,488**
**-**
**-**
**3,000**
**3,000**
**-**
**-**
**40,000**
**-**
**5,000**
**15,000**
**16,275**
**-**
**15,000**
**-**
**25,000**
**25,000**
**5,000**
**213,763**
**265,797**|**Expenditure**
**£**
**(77,878)**
**-**
**(4,587)**
**(3,307)**
**(17,500)**
**(9,744)**
**(2,181)**
**(5,002)**
**(3,000)**
**-**
**(340)**
**(21,001)**
**(45,000)**
**(10,000)**
**(6,959)**
**(15,000)**
**(15,500)**
**(3,000)**
**(2,982)**
**(242)**
**(33,286)**
**(25,000)**
**-**
**(223,631)**
**(301,509)**|**Transfer**
**between**
**funds**
**£**
**-**
**- **
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Balance**
**at**
**31 March**
**2024**
**£**
**12,484**|
||||||**-**|
||||||
**5,219**
**3,302**
**-**
**29,744**
**-**
**-**
**-**
**3,000**
**-**
**-**
**-**
**-**
**2,626**
**7,500**
**8,525**
**-**
**12,018**
**1,503**
**-**
**-**
**5,000**|
||||||
**78,437**|
||||||
**90,921**|
Page18
## **THE PARENT HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **12. Statement of funds (continued)**
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 Cripplegate Foundation Catalyst Fund provided grants for parents that are supported by the charity. We also received a small fund to support parents with SEND children
- Islington Giving provided funding for our Outreach Project.
- Paul Hamlyn Foundation provided funds for the charity’s Core Costs.
- Islington Council VCS Fund, Garfield Weston Foundation, Charity of Sir Richard Whittington, Cripplegate Foundation and The Henry Smith Charity all provided funds to support the Charity’s Core costs.
- Morris Trust provided funding to support 1:1 sessions.
- Peabody Community Fund provided funds for 1:1 sessions and wellbeing support.
- The Islington Giving Food Fund was to provide food boxes and support for service users to find long-term routes out of food insecurity.
- National Lottery Awards for All provided funds for a Parents Peer led Money Matters Project.
- The Trust Order of Worship provided funds towards a building project.
- Islington Council provided funds for a parenting courses.
- London Catalyst provided funds for a mindfulness project.
- Foyle Foundation provided funds to support parents with SEND children
- Grocers’ Fund provided funds support parents with SEND children
- Islington Council provided funds for Bright Start Projects in the borough
Page 19
## **THE PARENT HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **12. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Statement of funds - prior year**|||||
|---|---|---|---|---|
|**Unrestricted Funds**
Unrestricted Funds
**Designated Funds**
Designated Funds
**Restricted funds**
Cripplegate Foundation Catalyst
Building Renovations
Islington Council VCS Fund
Cripplegate Foundation Crisis Fund
Islington 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
Cripplegate Foundation
Islington Giving
London Catalyst
True Colours Trust
Trust Order of Worship
The Henry Smith Charity
St Pancras Welfare Trust
Derwent London
**Total of funds**|Balance at
1 April 2022
£
93,888
30,000
6,383
9,916
-
-
-
4,567
11,355
9,495
-
20,000
5,000
-
1,757
7,500
7,750
-
-
1,377
8,287
-
250
93,637
217,525|**Income**
**£**
**29,884**
**-**
**5,000**
**17,500**
**5,000**
**2,666**
**7,416**
**-**
**-**
**1,000**
**22,000**
**20,000**
**10,000**
**5,000**
**18,000**
**15,500**
**3,000**
**9,989**
**368**
**25,000**
**250**
**-**
**167,689**
**197,573**|**Expenditure**
**£**
**(115,444)**
**-**
**(6,077)**
**(3,307)**
**(17,500)**
**(5,000)**
**(485)**
**(6,981)**
**(11,355)**
**(9,495)**
**(660)**
**(20,999)**
**(20,000)**
**-**
**(2,172)**
**(18,000)**
**(15,500)**
**-**
**(9,989)**
**-**
**(25,001)**
**(250)**
**(250)**
**(173,361)**
**(288,465) **|**Transfer**
**between**
**funds**
**£**
**Balance**
**at**
**31**
**March**
**2023**
**£**
**30,000**
**38,328**|
|||||**(30,000)**
**-**|
|||||**-**
**5,306**
**-**
**6,609**
**-**
**-**
**-**
**-**
**-**
**2,181**
**-**
**5,002**
**-**
**-**
**-**
**-**
**-**
**340**
**-**
**21,001**
**-**
**5,000**
**-**
**10,000**
**-**
**4,585**
**-**
**7,500**
**-**
**7,750**
**-**
**3,000**
**-**
**-**
**-**
**1,745**
**-**
**8,286**
**-**
**-**
**-**
**-**|
|||||**-**
**88,305**|
|||||**- 126,633**|
Page 20
## **THE PARENT HOUSE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023**
## **13. 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**
**2024**
**£**
201
22,307
(10,024)
12,484|**Designated**
**funds**
**2024**
**£**
-
-
-
-|**Restricted**
**funds**
**2024**
**£**
3,302
75,135
-
78,437|**Total**
**funds**
**2024**
**£**
9,104
97,442
(12,067)
126,633|
|---|---|---|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
2,495
41,124
(5,291)
38,328|_Designated_
_funds_
_2023_
_£_
-
-
-
-|_Restricted_
_funds_
_2023_
_£_
6,609
88,472
(6,776)|_Total_
_funds_
_2023_
_£_
9,104
125,596
(12,067)
126,633|
|---|---|---|---|---|
||||88,305||
## **14. Related party transactions**
Donations from trustees and entities controlled by trustees totalled £30,000 (2023: £10,000) 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.
Page
## **THE PARENT HOUSE TRUST STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2023**
|**Note**
**Income from:**
Donations and
legacies
Other trading activities
Interest on instant
access deposit
account
3
**Total income**
**Expenditure on:**
Fundraising
Charitable activities
5
**Total expenditure**
**Net (expenditure)/**
**income**
**Transfers between**
**funds**
**Net movement**
**in funds**
**Reconciliation**
**of funds:**
Total funds
brought forward
Net movement
in funds
**Total funds**
**carried forward**|**Unrestricted**
**Funds**
**2023**
**£**
**29,267**
**80**
**537**
**29,884**
**11,457**
**103,987**
**115,444**
**(85,560)**
**30,000**
**(55,560)**
**93,888**
**(55,220)**
**38,328**|**Restricted**
**Funds**
**2023**
**£**
**167,689**
**-**
**-**
**167,689**
**-**
**173,021**
**173,021**
**(5,332)**
**-**
**(5,332)**
**93,637**
**(5,332)**
**88,305**|**Designated**
**Funds**
**2023**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(30,000)**
**(30,000)**
**30,000**
**(30,000)**
**-**|**Total**
**Funds**
**2023**
**£**
**196,956**
**80**
**537**
**197,573**
**11,457**
**277,008**
**288,465**
**(90,892)**
**-**
**(90,892)**
**217,525**
**(90,892)**
**126,633**|_Total_
_Funds_
_2022_
_£_
_314,234_
_-_
_7_|
|---|---|---|---|---|---|
||||||_314,241_|
||||||_8,103_
_246,542_|
||||||_254,645_|
||||||_59,596_
_-_|
||||||_59,596_|
||||||_157,929_
_59,596_|
||||||_217,525_|
Page