##
|||||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|
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||||||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|
##
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##
|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|
##