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2022-03-31-accounts

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

31/03/2022 31/03/2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
INCOME
Donations
and legacies		 53,138 52,806 105,944 181,485
Other Trading activities 134,096 134,096 77,571
Income from Fundraising and Trading activities 187,234 52,806 240,040 259,056
Income from charitable activities 1,165,651 1,165,651 732,574
Income from Investments 5 5 66
Other income 53,289 53,289 456,350
Total income 1,406,179 52,806 1,458,985 1/I48,046
EXPENDITURE
Raising funds 2,6 185,130 185,130 215,994
Charitable
activities		 3,6 1,192,010 72,702 1,264,712 1,186,765
Total Expenditure 1,377,140 72,702 1,449,842 lg02,759
Net income/(expenditure) 7 29,039 (19.896) 9,143 45,297
Transfers between funds
Net movement
in funds		 29,039 (19,896) 9,143 45,287
RECONCILIATION
OF FUNDS
Total funds brought forward 541,850 213,738 755,588 710,301
TOTAL FUNDS CARRIED FORWARD 570,889 193,842 764,731 755,588

31/03/2022 31/03/2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes 6 6 E E
FIXEDASSETS
Tangible assets 10 214,341 72,655 286,996 315,385
CURRENTASSETS
Debtors 11 143,186 143,186 145,097
Cash at bank and in hand 15 573,349 121,187 694,536 615,429
716,535 121,187 837,722 76D,526
CREDITORS
Amounts
falling due within one year		 12 (345,236) (345,236) (302,150)
NET CURRENT ASSETS 371,299 121,187 492,486 458,376
TOTAL ASSETS I.ESSCURRENT LIABILITIES 585,640 193,842 779,482 773,761
CREDITORS
Amounts
falling due after more than one year		 13 (14,751) (14,751) (18,173)
NET ASSETS 570,889 193,842 764,731 755,588
FUNDS
Unrestricted
funds		 18 570,889 541,850
Restricted
Funds		 18 193,842 213,738
TOTALFUNDS 764,731 755,588

31/03/2022 31/03/2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
Net cash pnwided
by (used In) operating		 activities 91,0D8 (4,529) 86,479 306,747
Cash flows from investing activities
Interestincome 66
Proceeds from the sale ofproperty,
equipment		 plant and 3,610
Purchase ofminibuses
and equipment		 (981) (2,700) (3,681) (29,141)
Net cash provided
by (used in) investing		 activities (976) (2,700) (3,676) (25,465)
Cash flows from financing activities
Repayments
ofborrowing		 (3,696) (3,696) (3,773)
Net cash provided
by (used in) investing		 activities (3.696) (3,696) (3,773)
Change
in cash and cash equivalents
reporting
period		 in the 86,336 (7,229) 79,107 277,509
Cash and cash equivalents
at the beginning
reporting
period (see note below)		 ofthe 487,013 128A26 615,429 337,920
Cash and cash equivalents
at the end
period		 ofthe reporting 15 573.349 121,187 694,536 615/I29
Change in cash and cash equivalents
reporting
period		 in the 86,336 (7,229) 79,107 277,509
Reconciliation ofnet income/(expenditure) to net cash flow from
operating
activities
Net income/(expenditure)
forthe reporting		 period (as 29,039 (19,896) 9,143 45,287
Adjustments
for:
Add back Depreciation
charges		 8,735 23,335 32,070 32,223
Add back profit in the sale ofproperty, plant and
equipment (2,380)
Add back Interest income (5) (5) (66)
Add back Interest expense 314 314 499
(Increase)/decrease
in debtors		 1,911 1,911 (113)
Increase/(decrease)
in creditors		 51.014 (7,968) 43,046 231,297
Net cash provided
by (used In) operating		 activities 86,479 306,747

2.Analysis ofIncome from 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
ofincome and
associated expenses
Unrestricted Restricted
funds funds 31/03/2022 31/03/2021
6 6 6 E
Donations
and Legacies
Donations
and grants		 53,138 52,806 105,944 181,485
Legacies
Donations
towards
ongoing		 charitable activities 53,138 52,806 105,944 181,485
Other Trading Activities
Fundraising
events		 783 783 782
Shop income 99,311 99,311 42,787
Local authority
Coyid Grants		 34,002 34,002 34,002
134,096 134,096 77,571
Income from Fundraising and Trading activities 187,234 52,806 240,040 259,056
Expenditure
on fundraising		 (including fundraising
events)
Staff costs 60,826 60,826 55,661
Direct costs offundra
ising		 events 526 526 275
Other fun draising costs 1,410 1,410 1,351
62,762 62,762 57,287
Central overheads 32,544 32,544 32,951
Recharge for PR and publicity (23,827) (23,827) (22,560)
Tots I 71,479 71,479 67,678
Expenditure
on running		 the Charity shops
Staff costs 55,306 55,306 6D,227
Rent &rates 27,184 27,184 40,959
Services 62 62 406
Other shop &fun dra ising costs 10,648 10,648 24,899
Central overheads 20,451 20,451 21825
113,651 113,651 148,316
Expenditure
on raising funds		 185,130 185,130 215,994
Summary
by Fundraising		 Function
income by Fundralslng
Function
Income from Fundraising including events 53,921 52,806 106,727 182,267
Shop income 133,313 133,313 76,789
187,234 52,806 24D,040 259,056
Expenses by Fundraising Function
Fundraising
expenses
mciuding events		 71,479 71,479 67,678
Shop expenses 113,651 113,651 148,316
185,130 185,130 215,994
Contribution
by Fundraising		 Function
Contrlbuton
from Fundraising		 including events (17558) 52,806 35,248 114,589
Contribution
from Shops		 19,662 19,662 71.527)
2,104 52,806 54,910 43,062
Avenge costto raise E1in pence by fundraising function
Income from Fundraising and fundraising events 67p 37p
Sho
Income		 85 193p
Unrestricted Unrestricted Restricted
funds funds
E E 31/03/2022 31/03/2021
E E
Income
St Martine 340,072 340,072 281,842
Whetstone
Road		 368,694 368,694 54,161
Salisbury Grove 430,745 430,745 363,940
Music Therapy 26,140 26,140 31,427
Teenage activities scheme 1,204
Other charitable activities
1,165,651 1,165,651 732,574
Expenditure
St Martine 306,509 1,711 308,220 290,712
Whetstone
Road		 403,556 6,014 409,570 381,693
Salisbury Grove 411,317 6,152 417,469 403,532
Teenage activities scheme 6,830 6,830 7,092
Music therapy 63,798 63,798 57,982
Ag activities 58,825 58,825 45,754
1,192,010 72,702 1,264,712 1,186,765
Contribution/(deficit) from charitable activities (99,061) (454,191)
Average direct cost to provide service in pence per E1ofcharitable income 108p 162p
Charitable
activity		 costs include the direct costs attributable to the services together with a share ofmanagement and fundraising salary
costs. Support costs are detailed in note 6
31/03/2022 31/03/2021
E E
Staff costs 885,670 826,717
Music Therapy sessional therapists 16,273 16,030
Rent &rates 74,330 75,732
Premises costs 42,649 22,481
Clinical care and waste 38,485 40,948
Speech and physio Therapy 90 (33)
Other direct charitable costs 45,176 55,378
Oepreciation 27,411 27,424
Interest payable &similar charges 144 219
1,130,228 1,064,896
Central overhead 134,484 121,869
1,264,712 1,186,765

Central Fundraising Day sevices
E
E		 E
Chief executive (35,510)
5,168		 5,168
Fundraising team —PR and communications activities (12,051) (12,051)
(35,510)
Cost Allocation model
General Mgmt and Acmunts Facilities Minibuses Carporate Totalcentral
Totalcentral		 Fundralsing
office costs admin costs 2022 casts 2021 team
Costs to be allocated
Auditors'
remuneration		 6,660 6,660 6,600
General insurance 8,675 8,675 6,732
Finance costs 170 170 280
Depreciation 2,771 1,800 4,571 4,688 87
Other management costs 24,815 72503 29,101 1801 15,356 143576 135,785 62675
Direct costs 36,431 72,503 35,761 1,801 17,156 163,652 154,085 62,762
Central use ofoffice costs (20,037) 10,201 5,100 4,736 9,108
Management (22,322) 14,656 7666 17,946
16,394 60,382 55,517 14,203 17,156 163,652 154,085 89,816
Accounts (12,204) 7,058 5,146 5,490
Facilities (4,226) 4,226 0
PR and publicity 23,827 23,827 In. »I
16,394 60,382 43,313 17,035 21,382 28,973 187,479 176,645 71,479
Corporate overhead
71,479
Allocated to General Mgmt and Accounts Facilities Minibuses Corporate Total central
Totalcentral
ofgce costs admin costs 2022 costs 2021
Day Services 20,588 28,461 11,357 21,382 21,225 103,013 89,899
Music Therapy 7,286 10,705 4,142 487 2,021 74,641 24,878
Teenage scheme 4,386 1,446 324 674 6,830 7,092
7,286 35,679 34,049 12,168 21,382 23,920 134,484 121,869
Fundraising 9,108 17,946 5,490 32,544 32,951
Shop expense~ 6.757 3.774 4,867 5,053 20,451 21,825
16,394 60.382 43,313 17,035 21382 28,973 187,479 176,645
Allocation
basis		 Space Est mpmt Estimated Estimated No o/ Stupe o/
lime use o/key vse otkey minibuses revenue
activities octivlties
Net incoming/(outgoing) resources 31/03/2022 31/03/2021
6 E
Net resources are stated after charging/(crediting):
Auditors'
remuneration		 6,66D 6,600
Depreciation - owned assets 32,070 32,223
Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 March 2022, nor forthe year ended 31March 2021.One
Trustee
is normally
reimbursed		 for travel expenses but there were no expenses incurred in the year
Trustees'
Expenses		 31/03/2022 31/03/2021
One Trustee
is reimbursed
for travel		 expenses for undertaking the following voluntary duties
Stock rotation amongst the shops
Collection/drop
money		 boxes to local supporter sites
General support for admin
and		 day service functions
There were no other payments oftrustee expenses
Staff Costs
31/03/2022 31/03/2021
E E
Wages and salaries 1,009,604 974,573
National
Insurance
contributions		 36,531 48,867
Pension contributions 23,511 19,913
Temporary staff paid via Agency 11,190 11,190
Staff Costs 1,080,836 1,D54,543
The average mon thly
number ofemployees
during the year was as foll		 ower
Direct charitable work 46 51
Shops 7 8
Fundraising 3 2
Administrative 3 5
59 65

Freehold Furniture
BI		 Motor Total Restricted
property equipment vehicles Assets
E E E E
Cost or valuation
As at 31st March 2021 230,000 233,589 124,165 587,754 262,079
Additions 3,681 3,681 2,700
Disposals
as at 31stMarch 2D22 230,000 237,270 124,165 591,435 264,779
Depreciation
As at 31st March 2021 27,600 164,089 80,680 272,369 167,261
Charge for year 4,600 14,636 12,834 32,070 23,335
Eliminated
on disposal
as at 31st March 2022 32200 178725 93514 304,439 190596
Net Book Value
As at 31st March 2021 202,4DD 69,500 43,485 315,385 94,818
as at 31st March 2022 197,800 58,545 30,651 286,996 74,183
(i)Cost or valuation at31March 2016is represented by:
Cost 158,478
Revalution in 2006 76,522
Revalution in 2013 l5,000l
230,000
.Creditors: Amounts
falling due within one year
Unrestricted Restricted 31/03/2022 31/03/2021
funds funds E E
E E
Bank loans &overdrafts 3,808 3,808 3,768
Trade creditors 15,155 15,155 9,261
Taxation &social security 4,126 4,126 10,731
Other creditors 322 147 322,147 278390
345,236 345,236 302,150
Other creditors Other creditors includes a provision for f255,049 in respect of surplus includes a provision for f255,049 in respect of surplus includes a provision for f255,049 in respect of surplus funding from Local Authority and CCG funders and CCG funders covering the period 1st
April 2020 to 30th September 2021.These funds are being offered back to funders either through direct payment or as a discount on fees.
13.Creditors: Amounts falling due after more than one year
31/03/2022 31/03/2021
E E
Bank loans 14,751 18,173
Amounts
falling		 due in more than five years:
Repayable by instalments:
Bank loans more than 5yr by instalments 3,101
14.Secured debts
The following secured debts are included within creditors:
31/03/2022 31/03/2021
E E
Bankloans 18,559 21,941
Balance at1 Cash-Flows Balance at31
April 2021 March 2022
E E E
Cash 615,429 79,107 694,536
Loans falling due within one year (3,768) (40) (3,808)
Loans falling due after more than one year (18173) 3,422 (14,751)
(21,941) 3,382 (18,559)
Total 593,488 82,489 675,977
.Calculation
o		 f Net free reserve
31/03/2022 31/03/2021
E E
Total accumulated Funds per Balance sheet 764,731 755,588
Less restricted fund balances (193,842) (213,738)
Unrestricted funds 570,889 541,850
Less fixed assets
Fixed assets (286,996) (315,385)
Add back restricted fixed assets 72,655 94,818
Add mortgage over1year 14,751 18,173
(199,590) (202,394)
371,299 339,456
31/03/2022 31/03/2021
E E
Annual commitments
0-1Year 92,470 99,470
1-5years 231,679 262,249
More than 5years 532,892 582,792

8.Movement
in f		 u nds
Balance at Net movement Balance at
31/03/2021 in funds 31/03/2022
E 6
Unrestricted
funds
General fund 469,728 29,039 498,767
Freehold revaluation and fair value reserve 72,122 72,122
541,850 29,039 570,889
Restricted funds - Fixed assets
Whetstone
Road		 - Fixed Assets 20,743 (3,844) 16,899
St Martins
—fixed		 assets 6,857 (1,247) 5,610
Salisbury Grove - fixed assets 27,425 (6,152) 21,273
New minibus 39,419 (11,033) 28,386
94,444 (22,276) 72,168
Restricted funds
Whetstone
Road		 16,292 (1,413) 14,879
St Martins 11,995 781 12,776
Salisbury Grove 5,614 1,820 7,434
Minibus
running		 expenses 5,000 5,000
Music therapy 2,144 9,348 11,492
Therapy 3,593 105 3,698
Day service funds 6,003 476 6,479
Musical instruments 373 373
Teen Activity Scheme 100 100
CoVid Grants 26,230 (25,537) 693
Restricted donations into new building fund 46,950 11,800 58,750
119,294 2,380 121,674
TOTAL FUNDS 755,588 9,143 764,731
Net movement in funds, included in the above are as follows:
Incoming Resources Net movement
resources expended in funds
6
Unrestricted
funds
General fund 1,406,179 1,377,140 29,039
Freehold revaluation and fair value reserve
1,406,179 1,377,140 29,039
Restricted
funds		 - Fixed assets
Whetstone
Road		 - Fixed assets 3,844 (3,844)
St Martins - fixed assets 1,247 (1,247)
Salisbury Grove - fixed assets 6,152 (6,152)
New minibus 11,033 (11,033)
22,276 (22,276)
Restricted funds
Whetstone
Road		 757 2,170 (1,413)
St Martins 1,245 464 781
Salisbury Grove 1,820 1,820
Minibus
running		 expenses 5,000 5,000
Music therapy 9,348 9,348
Therapy 105 105
Day service funds 12,420 11,944 476
Musical instruments
Teen Activity Scheme
CoVid Grants 10,311 35,848 (25,537)
Restricted donations into new building fund 11,800 11,800
52,806 50,426 2,380
TOTAL FUNDS 1,458,985 1,449,842 9,143