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2021-03-31-accounts

Page
Chairman's Report 3
Trustees' Report
Statement of Directors and Trustees' responsibilities 13
Report of the Independent Auditors to the Members of Parity 14
For Disability
Statement of Financial Activities 17
Balance sheet 18
Statement of Cash Flows 20
Notes to the Financial Statements 21

31/03/2021 31/03/2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes
INCOME
Donations
and legacies		 70,635 110,850 181,485 122,263
Other Trading activities 77,571 77,571 156832
Income from Fundraising and Trading activities 148,206 110,850 259,056 279,095
Income from charitable activities 732,574 732,574 1,280,865
Income from Investments 66 66 341
Other income 456,348 2 456,350 18
Total inceme 1,337,194 110,852 1,448,046 1,560,319
EXPENDITURE
Raising funds 2,6 215,994 215,994 231,717
Charitable
activities		 3,6 1,121,200 65,565 1,186,765 1,346,049
Total Expenditure 1,337,194 65,565 1,402,759 1,577,766
Net income/(expenditure) 45,287 45,287 (17,447)
Transfers between
funds
Net movement
in funds		 45,287 45,287 (17,447)
RECONCIUATION
OF FUNDS
Total funds brought forward 541,850 168,451 710,301 727,748
TOTAL FUNDS CARRIED FORWARD

31/03/2021 31/03/2020
Unrestricted Restricted Tote I Total
funds funds funds funds
Notes E E E
FIXED ASSETS
Tangible assets 10 220,567 94,818 315,385 319,697
CURRENT ASSETS
Debtors 11 145,097 145,097 144,984
Cash at bank and in hand 15 488,541 126,888 615,429 337,920
633,638 126,888 760,526 482,904
CREDITORS
Amounts
falling due within one year		 12 (294,182) (7,968) (302,150) (70,941)
NET CURRENT ASSETS 339,456 118,920 458,376 411,963
TOTAL ASSETS LESSCURRENT LIABIUTIES 560,023 213,738 773,761 731,660
CREDITORS
Amounts
falling due after more than one year		 13 (18,173) (18,173) (21,359)
NET ASSETS 541,850 213,738 755,588 710301
FUNDS
Unrestricted
funds		 18 541,850 541,850
Restricted
Funds		 18 213,738 168,451
TOTAL FUNDS 755,588 710,301

for the Year Ended 31March 2021
31/03/2021 31/03/2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E. E E
Net cash provided
by (used in) operating		 activities 230,443 76,304 306,747 1,862
Cash flows from investing activities
Interest income 66 66 341
Proceeds from the sale of property,
equipment		 plant and 3,610 3,610 3,940
Purchase ofminibuses
and equipment		 (29,141) (29,141) (50,295)
Net cash provided
by (used in) investing		 activities 3,676 (29,141) (25,465) (46,014)
Cash flows from financing activities
Repayments
ofborrowing		 (3,773) (3,773) (4,178)
Net cash provided
by (used in) investing		 activities (3,773) (3,773) (4,178)
Change
in cash and cash equivalents
reporting
period		 in the 230,346 47,163 277,509 (48,329)
Cash and cash equivalents
at the beginning
reporting
period (see note below)		 ofthe 258,195 79,725 337,920 386,249
Cash and cash equivalents
at the end
reporting
period		 ofthe 15 488,541 126,888 615,429 337,920
Change
In cash and cash equivalents
reporting
period		 In the 230,346 47,163 277,509 (48,329)
Reconciliation
ofnet income/(expenditure)		 to nat cash flow from
operating
activities
Net income/(expenditure)
forthe reporting
(as		 period 45,287 45,287 (17,447)
Adjustments
for:
Add back Depreciation
charges		 10,084 22,138 32,223 40,216
Add back profit in the sale ofproperty, plant and (3,291) 911 (2,380) (2,806)
equipment
Add backlnterestincome (66) (66) (341)
Add back Interest expense 499 499 615
(Increase)/decrease
in debtors		 (113) (113) (26,325)
Increase/(decrease)
in creditors		 223,329 7,968 231,297 7,950
Net cash provided
by (used in) operating		 activities 230,443 76,304 306,747 1,862

2.Analysis of Income from 2.Analysis of Income from 2.Analysis of Income from Fundraising Fundraising Fundraising Fundraising and and Trading activities activities
The small fundraising
team		 generates both voluntary income and income from fund raising events which is reported under other
trading activities. Trading activities also includes the three charity shops run by Parity. The analsysis below shows the breakdown
of
income and associated expenses
Unrestricted Restricted
funds funds 31/03/2021 31/03/2020
6 6 6 6
Donations
and Legacies
Donations
and grants		 70,635 110,850 181,485 122,263
Legacies
Donations
towards
ongoing		 charitable activities 70,635 110,850 181,485 122,263
Other Trading Activities
Fundraising events 782 782 2,577
Shop income 42,787 42,787 154,255
Local authority
CoVid Grants		 34,002 34002
77,571 77,571 156,832
Income from Fundraising and Trading activities 148,206 110,850 259,056 279,095
Expenditure on fundraising (induding fundraising
events)
Staff costs 55,661 55,661 58,803
Direct costs offundraising events 275 275 325
Other fundra ising costs 1,351 1,351 5,444
57,287 57,287 64,572
Central overheads 32,951 32,951 34,429
Recharge for PR and publicity (22,560) (24,750)
Total 67,678 67,678 74,251
Expenditure on running the Chadity shops
Staff costs 60,227 60,227 72,409
Rent 8 rates 40,959 40,959 43,540
Services 406 406 18
Other shop &fundraising costs 24,899 24,899 20,466
Central overheads 21,825 21,825 21,033
148,316 148,316 157,466
Expenditure on raising funds 215,994 215,994 231,717
Summary
by		 Fundraising Function
Inosme by Fundraising Function
Income from Fundraising including events 71,417 110,850 182,267 157,509
Shop income 76789 76,789 182490
148,206 110,850 259,056 339,999
Expenses by Fundraising Function
Fundra ising expenses
including		 events 67,678 67,678 66,884
Shop expenses 148,316 148,316 147,325
215,994 215,994 214,209
Contrlbutilon by Fundraising Function
Contributon from Fundraising including events 3,739 110,850 114,589 90,625
Contribution from Shops (71,527) (71,527) 35,165
(67,788) 110,850 43,062 125,790
Average cost to raise E1 in pence by fundraising function
Income from Fundraising and fundraising events 37p 42p
Sho
Income		 193p 81

Unrestricted Unrestricted Restricted
funds funds
E 31/03/2021 31/03/2020
E E
Income
St Martins 281,842 281,842 341,641
Whetstone
Road		 54,161 54,161 384,910
Salisbury
Grove		 363,940 363,940 465,252
Music Therapy 31,427 31,427 75,617
Teenage activities scheme 1,204 1,2D4 13,445
Other charitable activities
732,574 732,574 1,280,865
Expenditure
St Martins 287,154 3,558 290,712 312,318
Whetstone
Road		 379,799 1,894 381,693 427,D04
Salisbury
Grove		 394,571 8,961 403,532 447,836
Teenage activities scheme 7,092 7,092 20,095
Music therapy 52,584 5,398 57,982 103,908
All activities 45 754 45,754 34,888
1,121,200
Contribution/(deficit) from charitable activities (454,191) (65,184)
Average direct cost to provide seivice in pence per Eiofcharitable income 162p 105p
salary costs. Support co sts are detailed
in note 6
31/03/2021 31/03/2020
E E
Staff costs 826,717 922,177
Music Therapy sessional therapists 16,030 53,956
Rent & rates 75,732 77,519
Premises costs 22,481 27,091
Clinical care and waste 40,948 34,055
Speech and physio Therapy (33) 893
Other direct charitable costs 55,378 65.725
Depreciation 27,424 33,747
Interest payable & similar charges 219 308
1,064,896 1,215,471
Central overhead 121,869 130,578
1,186,765 L346,049

Central costs
31/03/2021 31/03/2020
E E
Central costs by cost type
Management
wages		 111,938 97,480
Auditors'
remuneration		 6,600 6,480
General
insurance		 6,732 6,960
Finance costs 280 307
Depreciation 4,688 6,335
Other management costs 23,847 43,728
PR and publicity 22,560 24,750
176,645 186,040
Central costs by function
General office costs 34,735 47,910
Management
and admin		 support 75,785 64,635
Accounts
including		 payroll 37,762 35,231
Facilities management 6,605 4,113
Minibuses (803l 9,399
Corporate
expenses		 (audit, finance and insurance
costs)		 1 2
Fundraising 22,560 24,750
Total central costs 176,645 186,040
The charity's
expenditure		 includes Central costs as shown above. These costs are agocated to the Charity's activities on the bases
shown
below.
These costs have been allocated on the following basis
Central Fundraising Day sevices
E E E
Chief executive (35,510l 5,168 29,982
Fundraising team —PR and communications activities (12,051) 12,051
35,510 6883 42,033
Cost Agocation model
General Mgmt and Accounts Facilities Minibuses Corporate Total central Total central
office admin costs 2021 costs 2020
costs
Costs to be agocated
Auditors'
remuneration		 6,600 6,276
General
insurance		 6,732 6,732 6,185
Finance costs 280 280 363
Depreciation 2,888 1,800 4,688 8,828
Other management costs 24,835 75,785 31,162 6,605 (2,603) 1 135,785 138,425
Direct costs 34,735 75,785 37,762 6,605 (803) 1 154,085 160,077
Central
use		 ofoffice costs (19,105) 9,726 4,863 4,516
Management 23,079) 15,153 7,926
15,630 62,432 57,778 19,047 (803) 1 154,085 160,077
Accounts (12,700) 7,345 5,355
Facilities (5,246) 5,246
PR and publicity 22,560 22,560 22,295
15,630 62,432 45,078 21,146 4,443 27,916 176,645 182,372
Corporate
overhead
Agocated to General Mgmt and Accounts Facilities Minibuses Corporate Total central Total central
office admin costs 2021 costs 2020
costs
Day Services 21,287 29,622 14,097 4,443 20,450 89,899 105,178
Music Therapy 6,947 11,069 4,310 604 1,948 24,878 22,061
Teenage scheme 4,535 1,505 403 649 7,092 6,303
6,947 36,891 35,437 15,104 4,443 23,D47 121,869 133,542
Fundraising 8,683 18,555 5,713 32,951 28,246
Shop expenses 6,986 3,928 6,042 4,869 21,825 20,584
15,630 62,432 45,078 21,146 4,443 27,916 176,645 182,372
Allocation
basis		 Space Est mgmr Estimoted Estimoted lyo of Sage of
time use ofkey use ofkey minibuses revenue
activities activities
7.Net incoming/(outgoing)
resources		 31/03/2021 31/03/2020
E E
Net resources are stated after charging/(crediting):
Auditors'
remuneration		 6,600 6,276
Depreciation
-owned assets		 32.223 38,112

Trustees'
Expenses		 31/03/2021 31/03/2020
One Trustee
is reimbursed		 for travel expenses for undertaking the following voluntary duties
Stock rotation
amongst the		 shops 272
Collection/drop
money boxes to local supporter		 sites 91
General support for admin and day service functions 91
454
There were no other payments oftrustee expenses
Staff Costs
31/03/2021 31/03/2020
E E
Wages and salaries 974,573 1,016,612
National
Insurance
contdbutions		 48,867 43,260
Pension contributions 19,913 14,773
Temporary
staff paid via Agency		 11,190 11,190
Staff Costs 1,054,543 1,085,835

The average
mon		 thly
number ofemployees
during the year was as		 follows:
Direct charitable work 51 52
Shops 8 9
Fundraising 2 2
Administrative 5 4
65 67

Freehold Furniture
&		 Motor Tata I Restricted
property equipment vehicles Assets
E E E E
Cost or valuation
As at 31st March 2020 230,000 229,582 130,487 590,069 235,408
Additions 6,976 22,165 29,141 29,141
Disposals (2,969) (28,487) (31,456) (2,470)
as at 31st March 2021 230,000 233,589 124,165 587,754 262,079
Depreciation
As at 31st March 2020 23,000 148,452 98,920 270,372 146,682
Charge for year 4,600 17,376 10,247 32,223 22,138
Eliminated on disposal (1,739) (28,487) (30,226) (1,559)
as at 31st March 2021 80,680
Net Book Value
As at 31st March 2020 207,000 81,130 31,567 319,697 88,726
as at 31st March 2021 202,400 69,500 43,485 315,385 94,818
(i) Cost or valuation at 31March 2016 is represented by:
Cost
Reva lution
Revalution		 in 2006
in 2013		 158,478
76,522
~L
230,000
.Debto rs and amounts
falling due within one year
31/03/2021 31/03/2020
E E
Trade debtors 97,630 125,256
Other debtors 47,467 19,728
.Creditors: Amounts
falling due within
one y		 ear
Unrestricted Restricted 31/03/2021 31/03/2020
funds funds E E
E
Bank loans &overdrafts 3,768 3,768 3,856
Trade creditors 9,261 9,261 19,701
Taxation & social security 10,731 10,731 14,990
Other creditors 278,390 32,394
302 150 70941
13.Creditors : Amounts
falling due after mor		 e than one year
31/03/2021 31/03/2020
E E
Bank loans 18,173 21,359
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more than 5 yr by instalrnents 3,101 5,935
14.Secured debts
The following secured debts are included within creditors:
31/03/2021 31/03/2020
E E
Bank loans 21,941 25,215
.Analy sis of chang es
in		 Net d ebt
Balance at i
Apnl 2020		 Cash-flows Balance at 3i
March 202i
E E
Cash 337,920 277,509 615,429
Loans falling due within one year (3,856) 88 (3,768)
Loans falling due after more than one year ,» L
(25,215) 3,274 (21,941)
Total
.Calculation
 of Net free reserve
31/03/2021 31/03/2020
E E
Total accumulated Funds per Balance sheet 755,588 710,301
Less restricted fund balances
unrestricted funds 541,850 541,850
Less fixed assets
Fixed assets (315,385) (319,697)
Add back restricted fixed assets 94,818 88,726
Add mortgage over 1year 18,173 21,359
(202,394) (209.612)
339,456 332,238
31/03/2021 31/03/2020
E E
Annual commitments
0-1Year 99,470 110,637
1-5years 262,249 299,819
More than 5years 582,792 632,692
8.Movement
in f		 u nds
Balance at Net Balance at
31/03/2020 movement 31/03/2021
E E
Unrestricted
funds
General fund 469,728 469,728
Freehold
revaluation		 and fair value reserve 72,122 72,122
541,850 541,850
Restricted
funds		 - Fixed assets
Whetstone
Road		 - Fixed Assets 18,017 2,726 20,743
St Martine - fixed assets 8,415 (1,558) 6,857
Salisbury
Grove		 - fixed assets 35,188 (7,763) 27,425
New minibus 25,383 14,036 39,419
87,003 7,441 94,444
Restricted
funds
Whetstone
Road		 16,359 (67) 16,292
St Martins 11,388 607 11,995
Salisbury
Grove		 5,378 236 5,614
Minibus
running		 expenses
Music therapy 7,494 (5,350) 2,144
Therapy 2,155 1,438 3,593
Day service funds 5,153 850 6,003
Musical instruments 421 (48) 373
Teen Activity Scheme 100 100
CoVid Grants 26,230 26,230
Restricted donations into new building fund 33,000 13,950 46,950
81,448 37,846 119,294
TOTALFUNDS 710,301 45,287 755 588
Net movement in funds, included in the above are as follows:
Incoming Resources Net
resources expended movement
E
Unrestricted
funds
General fund 1,337,194 1,337,194
Freehold
revaluation		 and fair value reserve
1,337,194 1,337,194
Restncted
funds		 - Fixed assets
Whetstone
Road		 - Fixed assets 4,300 1,574 2,726
St Martins -fixed assets 1,558 (1,558)
Salisbury Grove —fixed assets 599 8,362 (7,763)
New minibus 22,300 8,264 14,036
27,199 19,758 7,441
Restncted
funds
Whetstone
Road		 841 908 (67)
St Martine 607 607
Salisbury Grove 835 599 236
Minibus
running		 expenses 6,000 6,000
Music therapy 5,350 (5350)
Therapy 2,850 1,412 1,438
Day service funds 2 (848) 850
Musical instruments 48 (48)
Teen Activity Scheme
CoVid Grants 58,568 32,338 26,230
Restricted donations into new building fund 13,950 13,950
83,653 45,807 37,846
TOTAL FUNDS 1,448,046 1,402,759 45,287