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