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2024-03-31-accounts

PARITY FOR DISABILITY Annual Report and Accounts for the year ended 31 March 2024 PARITY For People With Multiple Disabilities

Contents Page Chairman's Report Trustees, Report Statement of Directors, and Trustees, responsibilities 13 Report of the Independent Auditors to the Members of Parity For Disability Statement of Financial Activities 14 17 Balance Sheet 18 Statement of Cash Flows 20 Notes to the Financial Statements 21 Parity for Disability (Registered Number: 3584503- Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page:2

Chairman's Report As the impact of the Covid pandemic lessened, it took some time for Parity to return to working 'normally'. Staff recruitment in the Day Services was challenging, as was the case across the whole care sector. The high level of inflation, generally, and the hyperinflation of energy costs along with the significant increase in the 'minimum living wage, required another uplift in our fees. Largely, these were accepted, though not without a considerable amount of effort in persuading statutory purchasers to agree. 2023124 saw a further period of ￿VIeW for the Charity. Following the evaluation and restructure of both Services and Business functions in previous years, the final stage of the Charity Evaluation Project- Governance & Assurance- was progressed under a project manager. The opportunity was tsken to analyse the knowledge, skills and experience available through the Trustees. Recruitment is undefway to address any gaps in skillsets, as well as making the most of any resources for Trustee training. The work has also encompassed the rationalisalion, updating and overhaul of all areas of policy, procedures and practices. A reporting mechanism of Assurance Reports to the Board will be in place by mid-2024, overseen by the new Deputy Chaimian, Claire Brunton. The fundraising function was also reviewed in terms of skills and focus. We restructured the resource to include a new PR and Engagement role to enhance support, income generation and reach, in a very difficult fundraising climate. Previously, I have mentioned the need to add￿$S the shortcomings of the facilities at the St Martin's Day Service. Buildings have been identified, but closer examination proved them to be unsuitable. However, we have now been given notice that the Church is seeking to upgrade the building, requiring us to vacate the premises in mid-2025 for period of up to bNo years whilst the building work tskes place, resulting in increased urgency to find new accommodation. The success of the Charity relies in no small part on the knowledge, experience and hard work of the Board of Trustees. This year we reflect on the achievements of bhto Trustees who have stepped down. I take this opportunity to recognise the many decades of dedicated service given by Paul Roper, steering the Charity to where it is today as Chaimian and latterly Deputy Chairman. Paul's integral role in moulding the Charity has been recognised with the title of Honorary President. Also after some 13 years, our Trustee Treasurer, David Tumidge, took the decision to stand down - we thank him ft)r his commitment and invaluable assistance over that time which has seen the charity grow significantly in size as well as survive the challenging fiscal environment during the Covid pandemic. As a result, we evaluated how we manage the finance function and recruited a part-time Finance Manager, whilst retaining the Treasurer overview role on the Board through Mark Bowen. The efforts of all involved with the Charity has enabled Parity to continue providing its high level of service and generate a small financial surplus at year end. Owen Durrett Chaimian Date: Parity for Disability (Registered Number.. 3584503- Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page:3

Trustees, Report for the year ended 31 March 2024 Directors and Trustees TRUSTEES11) MrJ.O DUr￿tt Chairman Mr P Roper Deputy Chairman Resigned 25110123 Resigned 1512124 Mr D Tumidge Mrs L Anderson Appointed 25110123 Cllr B Blewett (li) Hart DC Representative Miss C Brunton Mr M Bowen Appointed 25110123 Mr M Hassett Mr C Porter Mr D Randall Mr K Smith REPRESENTATIVES Mr S Masterson Rushmoor BC Representative Mrs H VQhitcroft Surrey Heath BC Representative EXECUTIVE DIRECTOR Ms A Cooper SECRETARY Ms A Cooper (i) All Trustees are directors of the Company and the Trustees, Report also meets the requirements for a Directors, Report for Companies Act purposes. (li) Mr Blewett is a Trustee in his own right as well as acting as the Hart District Council representative. Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page:4

Legal and Administrative Details REGISTERED OFFICE 94 Vvhetstone Road Cove, Farnborough Hampshire GU14 9SX REGISTERED NUMBER 3584503 (England and Wales) CHARITY NUMBER 1071571 AUDITORS Edwin Smith Chartered Accountants Statutory Auditor 32 Queens Road Reading, Berkshire RG14AU SOLICITORS 360 Law Services 377-399 London Road Camberley, Surrey GU15 3HL BANKERS COIF Charities Deposit Fund st Alphage House, 2 Fore Street, London CAF Bank Limited 25 Kings Hill Avenue, Kings Hill, West Malling, Kent HSBC 30 Princes Mead Shopping Centre, Famborough, Hampshire Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page:5

Structure, Governance and Management Governing Document Parity For Disability is a company limited by guarantee governed by its Memorandum and Articles of Association dated 1 October 1998 and amended to its current name on 16 July 2001. It is registered as a charity with the Charity Commission. With the ex￿ptIon of its employees, membership is open to all those interested in supporting the Charity's objective. Trustees, Report and Financial Statements The Trustees present their Report and the audited fi'nancial statements for the year ended 31 March 2024 which also meet the requirements for a directors, report and accounts for Companies Act purposes, The fi'nancial statements comply with the Charities Act 2011, the Companies Act 2006, the memorandum and articles of association and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)- Organlsatlon The Charity is administered by the Board of Trustees. during the 202312024 financial year there were eleven Trustees with two new Trustees co-opted and one resignation. The Articles of Association make provision for minimum of three Trustees and allow the maximum number to be determined by the Board of Trustees. The Board normally meets once every trwo months. A management group has been put into place- it meets monthly covering finance and management, operations and services. The Executive Director is appointed by the Trustees to manage all aspects of the Charity. To facilitate effective operations, the Executive Director has delegated authority, within terms of delegation approved by the Truslees, for operational matters. Appointment of Trustees As set out in the Articles of Association, Trustees of the Board of Trustees are selected by the membership at the Annual General Meeting. Trustees serve for a period of th￿e years, but one third of the Executive must retire by rotation, however, retiring Trustees may offer themselves for re-election. Rushmoor Borough Council, Hart District Council and Surrey Heath Borough Council may each nominate one representative. The Trustees have the power to co-opt members to the board, however, co-opted Trustees must offer themselves for election at the next Annual General Meeting. All members are invited to nominate Trustees prior to the AGM. The Board of Trustees has assessed the range of specialist skills that are required for it to effectively perfonn its duties. It actively seeks suitable prospective Trustees to ensure this requirement is satisfied. Trustee induction and tralnlng Induction training is provided for all new Trustees to ensure that the strong philosophy and ethos of the organisation is understood and accepted. They are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the legislation affecting disabled people, the committee and decision-making processes, the business plan and recent financial perforrnan￿ of the Charity. As part of the induction process, all new Trustees are given disability awareness training and are required to spend time in each of the service provisions, meet the other Trustees, key employees and volunteers. The need for external training is assessed and provided as appropriate. Parity for Disability (Registered Number.. 3584503- Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page.6

Risk management The Trustees have a risk management strategy, which comprlses". an annual review of the risks the Charity may fa the establishment ofsystems and procedures to mitigate those risks identified in the plan the identification of procedures required to minimise any potential impact on the Charity should those risks materiali5e The key risks Parity faces are.. Financlal Fee levels - Parity's day seNices require a high stsffing ratio which means our overall cost base is driven by salary costs. Minimum living wage increases continue to drive up costs requiring funding increases. As a Charity we have striven to manage costs without impacting students. Fee increases were largely achieved during the year, helped in part by repayment of the over-funding provision. Loss of students- Meeting the needs of our students requires a high stsff to student ratio. Student losses can result in short term increases in costs until either a new student is in place or staffing levels are adjusted. We aim to mitigate this risk by maintsining and managing a pipeline of new students. Closure of the day services - The Coronavirus epidemic resulted in the temporary closure of our three day seNI￿S. In this Instan￿ we received tremendous, short term support from our funders as well as the Government through the furlough scheme. While it did not cover the Coronavirus closure, we do have insurance that covers most other closure scenarios. The Trustees will continue to develop contingency planning to be better prepared should we be forced to close in the future. Voluntary income- Our funders will not pay for key added value serrfices, such as speech and physiotherapies. INe have recently decided in a change to our strategy to deliver these serrfices which includes utilisation of NHS specialist resources. We also plan to fund additional day service staff from voluntary income. Our fundraising strategy is to maintain a mix of income streams including shops, company, community and individual donations, events and grantmaking bodies. We aim to maintain sufficient reserves to offset any short term funding shortfalls. Maintaining reserves- The Charity requires adequate reserves to mits'gate against the uncertainty of fund- raising, potential losses of students and other unexpected events- such as the Coronavirus epidemic. They are also necessary to fund improvements to the serrfice such as the increasingly urgent need to migrate the St Martin's service to a more appropriate location. Financial mismanagement and control failures- While there are strong controls over the bank accounts, full segregation of duties is difficult because of the small team. Risks are mitigated through a combination of regular financial review by management, procedures and controls. Performance and Management Service levels - Failure to maintain the quality of our service puts both our reputation and our day services at risk. We mitigate this risk through management oversight, careful staff recruitment, ongoing training and comprehensive policies and procedures. While Parity's day services are currently outside the scope of the Care Quality Commission ICQC) a lot of work has gone into ensuring our Servi￿ meets CQC standards. Professional negligencelstaff misconduct- Both within the day service and corporate level. The controls around service levels are designed to minimise this risk which is also mitigated through insurance. Staff - We are totally dependent on our staff to maintain the quality of our servi￿. We recruit carefully to ensure that our staff are committed to Parity's standards. In common with most of the care sector, our salaries are cornpetitive rather than generous which makes stsff retention an ongoing challenge. Parity for Disability (Registered Number.. 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page:7

Operational Appropriate premises and facilities- The expectations of our students have increased in re￿nt years with the use of technology. This is particularly relevant for the St Martin's day service which is delivered out of church hall where stsff have to lay out and pack away all equipment every day. We are looking to move this service to more suitable premises as soon as finances allow. Loss of premiseslequipment failure- There is insufficient capacity to accommodate one of the day sep4ices in the other two services for anything longer than a day or two. We mitigate against this risk by regular health and safety checks and ongoing maintenance of our buildings and equipment, We are insured against fire. theft and business losses. Information Technology is important, but not critical to Parity's operations. We mostly use standard office applications, and our systems are maintained, secure and regularly backed up. We have been investing in our infrastructu re to improve functionality and resilience. Objectives and activities The Charity's objective as stated in the Memorandum of Association is. To promote the care, welfare, interest, treatment, education and advan￿rnent of adults and children with cerebral palsy or a related disability or other severe or multiple disabilities" The Charity's vision is a society where.. The equality, rights and dignity of children and adults with proft)und and multiple disabilities are understood and fully accepted People with multiple disabilities are afforded the opportunity to explore their potential People with multiple disabilities become an integral part of their community The Charity's mission is: "Excellence in services and support for children and adults with multiple disabilities, their families and carers.. The Charity aims to provide pioneering services that are completely responsive to the needs of an individual, their families and carers to help them achieve their potential and enjoy a quality of life that others take for granted. The philosophy of the service has the tenets of Equality, Rights and Dignity. Parity for Disability service provision consists ot. Day services in Farnborough, Camberley and Mytchett Music therapy service Easter and Summer Youth activity scheme Vthere appropriate outreach support for the student Where possible to provide information and support Achievements and performance During the year, in line with the business plan, the Charity achieved the following under each of the main strands: To maintain and enhance the quality of our pioneering services Day service staff continue to develop their skills through training in Health and Social Care Diplomas and by adding Dementia and Visu81 Impairment to the range of learning opportunities. Key staff in each service have also qualified as in-house Moving and Positioning trainers. staff and students have expanded the Choi￿ of activities available including a gardening project, sailing, animal interactions and sound bath sessions. Parity for Disability (Registered Number.. 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page:8

We successfully recruited to the three-year Lottery-funded post of Health and Wellbeing Officer. The project aims to ensure that our students can access, as efficiently and effectively as possible, the essential community services and support required to meet their health and wellbeing needs. It achieved its Year 1 goals and there are promising signs of further progress going into Year 2. Three new students from the waiting list joined the services. Through regular contact with local specialist schools, further education colleges, families and carers, we know that the number of people leaving education and needing services like Parity's continues to grow. Music therapy sessions continue to be an essential offering for students requiring specialist input around mental health, emotional and communication needs to achieve their potential. A grant from The National Lottery Community Fund- Awards for All England is supporting Parity's music therapy programme in the Day Services. We have also been getting a steady stream of enquiries and referrals from people outside Parity who are looking for a music therapy service. 2. To ensure a sustsinable financial position There has been positive engagement with funders on the whole. The process started three years ago to identify essential increases puts us in a better position despite high increase in NMW. A business review of the fundraising function resulted in a revised team stwcture and a new post of PR and Engagement Officer. We filled the post in March 2024 and are already seeing increased engagement with the potential to further the Charity's goals and increase voluntary income. Our partnerships with local businesses and organisations in the community continue and we are benefitting from large number of repeat donors as well as new sources of support resulting from word-of-mouth and our growing visibility in the community. Parity won a public vote in 2023 to be Fleet Carnival's charity partner this year. Our shops saw another strong year, particularly Church Crookham, driven in part by the cosl of living crisis and the need for customers to find sources of good quality reasonably priced goods. Although our North Camp shop was impacted by the extensive road improvements that affected traffic flow, it continued to provide a valuable asset to the local community. 3. To build purpose-designed premises in which we can provide and expand high quality services, which are responsive to the specific needs of the person The search for additional premises continues. Several opts'ons have been considered, but no feasible solution has been identified. In the interim, improvements have been made and planned for existing buildings, with financial support secured for upgrades including air conditioning, gardens, sensory facilities and therapy equipment. 4. To publicise and promote awareness We continued to play an active role in groups and forums specific to the Third Sector, Disability and Learning Disability Servi￿ provision, raising awareness of issues experienced by our organisation and those we support. These included local consultstion on the Rushmoor Civic Quarter regeneration, Rushmoor Ac￿sS Action Group, Hampshire Learning Disability Partnership Complex Needs Group and the national Voluntary Organisations Disability Group. We regularly attended specialist school and college transition events and supporting visits from staff and families. We began working with Surrey University and Winchester University on a Student Nurses placement project, to assist understanding of the approaches required for patients with profound and multiple disabilities. Students gifted a reproduction of Monet's Japanese Footbridge, created as a group project, to Aldershot Centre for Health. Parity for Disability (Registered Number." 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page:9

The fundraising and communications team took advantage of skill sharing offered by staff from multinational organisations and local businesses as well as professional consultants in areas including marketing, publicity campaigns and use of social media. Financial position and reserves The￿ were overall surpluses of £46,120 and £4,607 in unrestricted and restricted funds for the year respectively. The Charity's reserves policy focuses on the level of 'free' reserves. Free reserves exclude restricted funds and also that part of general funds used to acquire fixed assets. The Charity retains 'free' reseNes for main reasons.. i) To manage the risk to which the Charity is exposed in the course of its business (including safeguarding activities) funded by volatile voluntsry income streams or by other sources that may be reduced or withdrawn. ii) To finance future plans in line with the Charity's aims and strategic vision. This is primarily concerned with the acquisition of dedicated premises and development of seTvices. The Directors and Trustees consider that in order to meet these needs, and to operate effectivew, the Charity needs suffi'cient reserves to cover bet￿een 2 and 4 months of expenditure - £300,000 and £600,000. Free reserves increased by £37,674 to £479,693 at 31 March 2024 (compared with £442,019 at 31 March 2023) which is towards the middle of the range of the free reserves the Trustees consider necessary. The Directors and Trustees will seek to continue to rebuilding reserves. Cash reserves are placed in interest bearing deposits with HSBC, CAF Bank and longer-term deposits with Charities Official Investment Fund (COIF). Remuneration Policy The Charity aims to pay competitive salaries to its staff based on the role undertaken. Staff are paid a basic salary plus overtime as appropriate. The Charity operates a workplace pension scheme where ￿levant staff are automatically enrolled. In line with the minimum legal requirement, employer and employees contribute 30/0 and 5 % of earnings respectively to the pension fund. The Executive Director makes salary ￿commendatIOnS to the Trustees for approval. This is broadly based against market rates and affordability. The Executive Director's remuneration is determined by the Trustees based on the joint recommendation of the Chairman, Vice Chairman and Treasurer, None of the Trustees are remunerated. Plans for future period8 Embed the Assurance approach in the work of the Board. Continue to invest in staff development to further enhan￿ Servi￿ provision and performance of the Charity. Work in collaboration to continue to raise issues relating to profound and multiple disability with decision makers. Monitor and document existing and emerging needs and flag to appropriate aUdien￿S. Contribute to and learn from sector work around effective approaches, interventions and support. Work to further raise awareness and support (financial and ideological) for the Charity and secure financial sustainability. Continue to try and identify a site for expansion to address the growing waiting list and the need to vacate St Martin's during the building extension works. Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31st March 2024 PARITY Page 10

Charlty objectives Parity for Disability is dedicated to transforming lives. Without the right support, the life of a person with multiple disabilities becomes limited and lonely. Meaningful social contact, learning, achieving and experiencing the world all become impossible. Parity's services are there for people with multiple disabilities, their families and carers. Parity's mission is ex￿llenCe in services and support for children and adults with multiple disabilities, their families and carers To provide pioneering services that are completely responsive to the needs of an individual in order to help them achieve their potential Charitable purpose Within the Charity Commission's guidance on charitable purposes the charity work is defined under bNO main headings.. (i) The relief of those in need by reason of disability (li) The promotion of equality and diversity Publlc beneflt The Twstees have complied with the Charities Act 2011, with regard to the Charity Commission guide on public benefi't. The key benefits are outlined below. Identifiable benefits and relationship with charitable aims li) Provision of day services The day ServI￿S are designed to address the needs of adults aged 18+ All the people using the services have significant physic81 and learning disabilities, often with sensory impairments and need support with communication. All students need substantial support in all aspects of daily life. Each student has an individual programme plan designed to.. help each person to reach their individual potential by addressing their intellectual, physical and emotional needs • give each person access to a quality of life often taken for granted by their non-disabled peers give access to the wider community provide the service in an environment of equality, rights and dignity (ill Music Therapy SeNice This service addresses the needs of children and adults of all ages with a wide range of complex conditions. Highly skilled music therapists assess each person's needs and develop an approach specifically designed for that person. (iii) Youth Activity Scheme This service meets the need of young people with profound and multiple disabilities during the Easter and Summer school vacations. They are supported by trained staff who share their young outlook, and they are encouraged to make choices about activities in which they wish to participate, these frequently include accessing the wider community. {ivl Raising Awareness The Charity works by various means to raise public awareness of the needs of the students and further people who have profound and multiple learning disabilities, in a number of key areas. These benefits are in line with the Charity's Memorandum of Association which states that in furtherance of the charitable objects the Charity may.. provide, maintain and conduct clinic treatments. training centres and workshops, educational facilities, play schools, nurseries, employment centres, holiday camps and homes, clubs, hostels and other foundations Parity for Disability (Registered Number.. 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31st March 2024 PARITY Page 11

• provide and encourage the provision of the facilities for diagnosis, medical. physical and surgical treatment with all ne￿SSary appliances, physiotherapy, speech therapy and education collect and disseminate infomiation relating to the care, education. treatment and rehabilitation of people with cerebral palsy and related disabilities or other unrelated severe and multiple disabilities Benefits must be balanced against any detrlment or hami The Charity is not aware of any detriment or harm that results from its charitable work. Benefits must be approprlate to the aims Setvices are available to all children and adults with profound and multiple disabilities provided they can benefi't from them. Experience has shown that provision for people with very challenging behaviour would best be made in a dedicated Centre, however, we do not currently have the financial resources to start such a Centre. Beneflt to a sectlon of the public. The opportunity must not be unreasonably restricted by geographical or other restrictions or by abllity to pay any fee charged. There are no geographical restrictions only the distance that is reasonable to expect a person to travel in order to access the service. Part of the cost of the day and youth activity services is met directly by statutory services or by the individuals themselves, if they are in receipt of direct payments from social services. The remainder of the costs including all the cost of therapies is met by fundraising. A fee for mu51C therapy is charged, however, the Charity fundraises specifically to supply places for families who are unable to pay. People in poverty must not be excluded from the opportunlty to benefit The funding mechanisms described above ensure families in povety are not excluded and we try to maintain a hardship fund to assist families who need help. Any prlvate benefits must be Incldental There are no private benefits. Parity for Disability (Registered Number.. 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page 12

Trustees. responsibilities in relation to the f inancial statements STATEMENT OF DIRECTORS, AND TRUSTEES. RESPONSIBILITIES The Directors and Trustees are responsible for preparing the Directors, and Trustees, Report and the financial statements in accordance with applicable law and regulations. Company Law requires the Directors and Trustees to prepare financial statements for each financial year. Under that Law the Directors and Twstees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and Applicable Law), including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally AC￿pted Accounting Practsce). Under Company Law the Directors and Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the surplus or deficit profit or loss of the Charity for that period. In preparing the financial statements the Directors and Trustees are required to.. select suitable accounting policies and then apply them consistently observe the methods and principles in the Charities SORP makejudgements and estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial ststements, and prepare the fi'nancial statements on the going concem basis unless it is inappropriate to presume that the Company will continue in business The Directors and Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensu￿ that the financial statements comply with the Companies Act 2006. 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. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charitable Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. STATEMENT OF DISCLOSURE OF INFORMATION TO AUDITORS The Directors and Trustees of the Company who held office at the date of approval of this Annual Report confi'rm that: so far as they are aware, there is no relevant audit inft)rmation of which the Company'5 auditors are unaware., and they have taken all the steps that they ought to have taken as Directors and Trustees in order to make themselves aware of any relevant audit information and to establish that the Company's auditors are aware of that information. SMALL COMPANY RULES This Report has been prepared in accordan￿ with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. AUDITORS A resolution will be proposed at the Annual General Meeting that Edwin Smith be re-appointed as auditors to the Charity for the nsuing year. By order of the Trustees J O.Durrett- Chairman Date: Parity for Disability (Registered Number: 3584503- Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page 13

Report of the Independent Auditors to the Trustees of Parity For Disability Opinion We have audited the financial statements of Parity for Disability (the 'Charity') for the year ended 31 March 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the Charity's affairs as at 31 March 2024 and of its income and expenditure for the year then ended have been properly P￿ pared in accordance with United Kingdom Generally Accepted Accounting Practice have been prepared in accordance with the requirements of the Companies Act 2006 Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Directors, use of the going concern ba818 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this Report. Other Information The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assuran conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially rnisstated. If we identify such material inconsistencies or apparent material misstatements, we are Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page 14

required to determine whether there is a material misstatement in the financial statements or a material misstaternent of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion: adequate accounting records have not been kept or ￿turnS adequate for our audit have not been received from branches not visited by us the financial statements are not in agreement with the accounting records and returns we have not obtained all the information and explanations necessary for the purposes of our audit the Directors were not entitled to take advantage of the small companies, exemption from the requirement to prepare a strategic report Responsibilities of the Trustees As explained more fully in the Trustees, responsibilities statement (set out on page 13), the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern disclosing, as applicable, matters related to a going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to ase operations, or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements The Trustees have elected for the financial statements to be audited in accordance with the Charities Act 2011 rather than the Companies Act 2006. Accordingly, we have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-complian￿ with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respeGt of irregularities, including fraud. The extent to which our procedures are Gapable of detecting irregularities, including fraud is detailed below. Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page 15

Explanation as to what extent the audit was considered capable of detecting irregularities. including fraud The objectives of our audit in respect of fraud, are to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks" and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the Company. Our approach was as follows.. . We obtained an understanding of the legal and regulatory requirements applicable to the Charity and considered that the most significant are the Companies Act 2006, the Charities Act 2011, UK financial reporting standards as issued by the Financial Reporting Council and UK taxation legislation. We obtained an understanding of how the Charity complies with these requirements by making enquiries with management and those charged with governance. We corroborated our enquiries through our review of the Trustees, meeting minutes. We assessed the susceptibility of the financial statements to material misstatement, including how fraud might occur by considering the key risks impacting the financial statements and documenting the controls that the Charity has established to address risks identified, or that otheDAiise seek to prevent, deter or detect fraud. In our assessment we considered the risk of management override. Our audit procedures included testing manual journals, including segregation of duties. . We inquired of management and those charged with governance as to any known instances of non- compliance or suspected non-compliance with laws and regulations. Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. [www.frc.org.uklauditorsresponsibilitesl. This description forms part of our Auditor's Report. Use of our Report This Report is made solely to the Charity's Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity's Trustees as a body, for our audit work, for this Report, or for the opinions we have formed. Edwin Smith Chartered Accountants Statutory Auditor 32 Queens Road Reading RG14AU Date.. 81,.1 Edwin Smith is eligible to act as auditor in terms of section 1212 of the Companies Act 2006 Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31st March 2024 PARITY Page 16

Statement of Financial Activities forthe Year Ended 31 March 2024 3V0312024 Total funds 3110312023 Total funds Unrestricted funds Restrlcted funds Notes INCOME Donations and legacles Othertrading actlvltles Income from fundra151ng and tradln8 actlvltles 57,089 182 519 239,608 65.734 122,823 182 519 305,342 102,257 177 835 280,092 65,734 Income from charitable actSvities 1,530,923 1,530,923 1.448.461 Income from Investment5 Other Income 7,732 7,732 1.713 190 Totsl Incorne 1,778,263 65,734 1,843,997 1,730,456 EXPENDITURE Raising funds 215,021 215,021 215,153 Charltable a¢tlvltles 1,517,120 61,127 1,578,247 1.432.596 Total Expendlture 1,732.141 61.127 1,793.268 1,647,749 Net movement In funds 46,122 4,607 50,729 82,707 Total funds brought forward 652,311 195,127 847,438 764,731 TOTAL FUNDS CARRIED FORWARD 698A33 199,734 898,167 847A38 The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure is derived from continuing activities. Parity for Disability (Registered Number.. 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31st March 2024 PARITY Page 17

Balance Sheet forthe Year Ended 31 March 2024 3110312024 Total funds 3110312023 Totsl funds Unrestrlcted funds Restrirted funds Notes FIXEO ASSETS Tangible assets 218,740 37,364 248,781 257,855 CURREt+ff ASSETS Debtors Cash at bank and In hand io 132,392 515,890 132,392 685,583 130,409 706,914 162,370 648,282 162,370 817,975 837,323 CREDITORS Amounts falllng due wlthin one year li 1168,5891 1168,5891 1247,7401 NET CURRÉNT ASSETS 479,693 162,370 649,386 589,583 TOTAL ASSETS LESS CURRENT LIABILITIES 698.433 199,734 898,167 847,438 CREDITORS Amounts fallln8 due after more than one year NET ASSETS 698,433 199,734 898,167 847.438 FUNDS Unrestrlcted funds 14 698,433 652,311 Re5trltted Fund5 14 199,734 195,127 TOTAL FUNDS 898,167 847,438 Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31st March 2024 PARITY Page 18

Balance Sheet - continued As at 31 March 2024 The Charitable Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 forthe year ended 31 March 2024. The members have not dep051ted notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements. The Trustees acknowledge their responsibilities for: ensuring that the Charitable Company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements whlch glve a true and falr vlew of the state of affairs of the charitable company as at the end of each financial year and of its income and expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Charitable Company These financial statements have been audited under the requirement5 of Section 154 of the Charities Act 2011. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relatlng to small charitable companies. The financial statements were approved by the Board ofTrustees on I xxx.20241 and were signed on its behalf by.. J O Durrett- Chalrman Date: 19/2 Parity for Disability (Registered Number.. 3584503- Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page 19

Statement of cash flows forthe Year Ended 31 March 2024 3V0312024 Total 3110312023 Total Unrestrlrted Restricted funds funds funds funds Net cash provlded by/{used in) operatlng actlvltles 134,5881 22,129 112.4591 29,028 Interest income 7,732 116,6041 {8072} 7,732 116,6041 {8￿72) 1,713 Purchase of minibuses and èquipment Net cash provided byllu5ed in) investlng actlvlties 1,713 Cash flows from flnanclng actlvltles Repayments of b)rrowlng 118,3631 Chan8e In ¢•$h and cash equlvalents In the reportlni perlod 143,4601 22,129 121,331) 12378 Cash and cash equlvalents at the beglnnlng of the reporting period (see note below) 559350 147,$64 706,914 694,536 Cash and cash equlvalents at the end of the reportlng perlod Change In cash and cash equl¥•lent5 In the reportlnq perlod 515,890 169,693 685,583 706,914 {43,4601 22,129 (21,3311 12,378 Reconclllatlon of net income/(expendlturel to net cash flow from operatlng activities Net Income/{expendlture) for the reportln8 period 46,122 4,607 50,729 82,707 Adjustment5 for: Add back depreclatlon charges Add back proflt in the sale of property, plant and equipment Add back Interest Income 8,156 17.522 25,678 29,141 17,7321 17,7321 11,7131 11961 12,777 Add back Interest expense Ilncreaselldecrease In debtor5 Decrease In credltor5 Net cash {usedllprovided by operatlr8 actlvltles 11,9831 179,1511 134,588) 11,9831 179,1511 112,4591 193,6881 29￿28 22.129 Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page 20

Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared 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 to the UK and Republic of Ireland IFRS 102) {effective January 20191- {Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and republic of Ireland IFRS 102) and the Companies Act 2006. Parity for Disability 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 notelsl. Preparation of the accounts on a going concern basis The Trustees consider that there are no material uncertainties about the Charitable Company's ability to continue as a golng concern. The Trustees do not consider that there are any other sources of estimatlon uncertainty at the reporting date that have a significant risk of causing a materia l adjustment to the carrylng amounts of assets and liabilities within the next reporting period. Fund accounting Unrestricted funds are donations and other Incoming resources available for use at the dlscretlon of the Trustees in furtherance of the objectives of the Charity. Restricted funds are those donated for use in a particular area or for specific purposes. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. RestrScted fund balances used to purchase fixed assets are reduced in line with the underlying depreciation charge. Income Income is recognlsed when the Charity has entitlement to the funds, any performance conditions attached to the Income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from Government and other grants, whether capltal or revenue grants is recognised when the Charlty 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 and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. Donations and other income Donations and other income are recognised when they become due and credited to the statement of financial activities. Any donation5 received for specific time restricted purposes are carried forward as deferred income and matched with related expenditure. Parity for Disability (Registered Number.. 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page 21

Gifts in Kind In-Kind donations of goods and items will be reflected in the accounts as both income and the associated expenditure. The value is determined based on the reasonable estimated open market value of the item. Gifts of services in the form of time will not be treated as voluntary income. The gifts donated to charity for resale in shops are shown as shop income. Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is norma Ily upon notif ication of the interest paid or payable by the bank. Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, It is probable that settlement will be requlred, and the amount of the obligation can be measured reliably. Expenditure is classified under the followlng activity headings within the statement of financial actlvltles to one of the following headings: Costs of ralslng funds: The dlrect costs of fundraising and publicity activities, including the costs of Parity's charity shops. Expenditure on charitable activitles: The direct and associated support costs of providing charitable services which comprise day service5, music therapy and the youth scheme. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Grants payable are payments made to third parties in the furtherance of the charitable objects of the Charity. In the case of unconditional grants, they are accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one year or multi-year grant. Grant awards that are subject to the recipient fulfilling performance conditions are accrued a5 the performance conditions are met. Allocation of support and governance costs Expendlture Is allocated to the activity where the costs relate dlrectly to that activlty. These costs have been allocated between the cost of raising funds and expenditure on charitable activities. Costs are then identified relating to the governance of the Charity being the costs associated with constitutional statutory requirements and costs associated with the strategic management of the Charlty's activities. Support costs and governance costs are apportioned between the key charitable activities undertaken in the year on basis of revenue earned. Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic fina ncia l instrument5 are initially recognised at transaction value a nd subsequently measured at their settlement value. Operating leases Rentals charges are charged on a straight line basis over the term of the lease. Parity for Disability (Registered Number.. 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Fy i'¢vw¥ Lhsdbildia Page . 22

Tangible fixed assets Ratherthan incur the ongoing costs of a professional revaluation, in accordance with FRS 102 transitional accounting regulations, the Trustees have opted for a policy of depreciating the freehold based on the last recorded valuation of £230,000 with effect from l April 2016. Purchased item5 that have a useful life of more than one year are capitalised at cost- subject to a de-minimus limit of £500. Assets are reviewed for impairment if circumstances indicate that their carrying value may exceed their net realisable value and value in use. Depreciation is calculated to write off the cost less estimated residual value of fixed assets over their estimated useful lives. Depreciation is charged on the following basls: Freehold property 50 years straight line Minibuses 5 years straight line Furniture and equipment 20% of net book value pa on a reducing balance basis Debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and in hand includes cash and short term deposits with a maturity or notice period of twelve months or le55 at the balance sheet date. Creditors and provisions Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowin8 for any trade discounts due. Pension Scheme The Charity operates a defined contribution scheme for its employees. Contribution5 payable to the scheme are charged to the statement of financial activities in the period to which they relate. The assets of the scheme are held separately from the Charity in an independently administered fund. Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page .' 23

  1. Analysis of Income from Fundraising and Tradlng actlvities The small fundraising team generate5 both voluntary Income and Income from fund raising events which is reported under other trading activities. Trading activities also includes the two charity shops run by Parity. The analysi5 below shows the breakdown of income and assoclated expenses Unrestricted Restrlcted funds funds 3110312024 3110312023 Donations and Legaaes Donations and grants towards ongoing char¢table activities 57,089 65,734 122,823 102,2S7 OtherTrading Attivities Fundraislng events Shop income Local authorlty Covld Grants 3.438 174,397 182,519 182,519 182,519 182,519 177,835 Income from Fundraislng and Tradln8 attlvltles 239,608 65,734 305,342 280m2 Expendlture on fundralsing {Includln8 fundralslng events) Staff costs Direct costs of fundra151n8 events Other fundraising costs 57.881 1.544 57,881 1,544 58,110 704 63,939 50,326 63,939 50,326 63,216 44,403 Central overheads Recharge for PR and publlclty Total 714 Expendlture on runn1￿ the Charlty shops Staff costs Rent & rates Servlce5 Other shop & fundralsing costs Central overheads 58,025 27,894 58.025 27,894 55,814 27,237 43 25.802 15,671 15,671 129 322 129 322 Expenditure on ralsln8 funds 215,021 215￿21 215,153 summèry by Fundr¥lsln8 Funrtlon Income by Fundralslng FunLtlon Income from fundrai51n8 Includlng events Shop Income 57,089 182 519 239.608 65,734 122,823 182 519 305,342 105,695 174 397 280,092 65,734 Expenses by Fundralslng FunLtion Fundraising expenses includln8 events Shop expenses 85,699 129 322 215,021 85,699 129 322 215,021 80,714 134 439 215,153 Contrflxrtlon by Fundralslng Function Contrlbuton from fundralslng Including events Contrlbutlon from Shops 128,6101 65.734 37,124 24,981 24,587 65,734 90,321 64.939 Average wst to raise £1 in pence byfundralsing fvn¢(ion Income from fundraising and fundraising event5 Shop Income 70p 71p 76p 77p Parity for Disability (Registered Number.. 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page . 24

  2. Analysis of Income and Expenditure from charitable activities Charltable income represents fees recelvable bythe day services forthe various activltles enjoyed by participants, and totals £1,530,807 for the year12023 £1,448,461) Unrestrlcted fund5 Restricted funds 3110312024 3110312023 Income St Martln's Whetstone Road Salisbury Grove Music therapy Youth activity scheme Other charitable actlvltles 440,619 502,669 548,796 32,938 5,900 440,619 502,669 548,796 32,938 5,900 416,632 462,126 520,122 46,081 3,500 1,530.922 1,530,922 1,448,461 Expend5ture St Martin's Whetstone Road Sallsbury Grove Youth attlvlty scheme Muslc therapy Other charitable actlvlties All activltles 404,986 500,374 532,474 13,136 66,150 1,461 5,536 11,412 406,447 505,910 543,886 13,136 70,682 10,134 28,052 1,578,247 348,082 468,584 496,342 11,864 84,983 4,532 10,134 22.741 1,432,596 1517 120 (Deficltllcontrlbutlon from charltable actlvltles 147,3251 15,865 Average direct cost to provlde 5ervlce In pence per £1 of charltable income 103p 99p Charltable actlvity costs Include the dlrect costs attributable to the servlces together wlth a share of management and fundra151ng salary cost5. Support costs are detailed in note 6 3110312024 3110312023 Staff costs Music therapy sessional therap15ts Rent & rates Premises costs Cllnlcal care and waste Otherdirect charltable costs 1,095,363 24,810 79,981 76,750 44,855 65,332 972,367 28,872 77,928 56,207 39,819 75,180 Depreclation Interest payable & simllarchar8es 21,780 23.967 61 1,274,401 158.195 1,432,596 1,408,871 169,376 1,578.247 Central overhead

  3. Incorne from Investments Represents bank interest received from deposlts Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page .' 25

  4. Central costs 3110312024 3110312023 Central costs by cost type Management wages Auditors, remuneration General insurance Finance costs Depreclation Other management costs PR and publicty 142,736 7,500 7,959 130.344 7.092 9,110 12571 5,105 49,842 26.905 228 141 3,865 56,808 247 434 Central costs by function General office costs Management and admln SUPFlJrt Accounts Includlng payroll Facilitles management Minibuse5 60,064 106,564 42,448 34 9,758 50.524 102,899 36,650 11,163 Fundraising Total central costs 247 434 228 141 The Charity's expendltufe Includes Central costs as shown above. These costs are allocated to the Charit¢s activitles on the bases shown below. These costs have been allocated on the followlng basis Cost Allocailon model General Mgmt arKI Accounts offlce costs admln Facllltlls Mlnlbuses Corporate Total central costs 2024 Total central Costs 2024 Fundralsln8 Team Co$t$ to be amocated Audltors, remuneration General Insurance Flnance costs Depreclatlon Other mana8ement Costs Dlrect C05tS Central use ol offlie cost5 Managernent 7,5CpJ 7,500 7,959 7.092 9,110 12571 5,105 180 201.236 7,959 3,265 48,840 60,064 138,6131 3,865 106,564 106,564 30.032 47 89,258 34,948 42.448 8,581 34 34 9,158 218,868 63.939 17,161 21.451 82,110 120,2111 16.291 10,439 15,3131 9,758 218.868 201,236 106,420 7,845 Attoun Fxllltles PR and publicSty 9,772 S,313 21,451 89,258 61,899 21,417 15,071 38,338 247,434 228,141 85,699 Corporate overhead Allocatsd to fj¢neral Mgmt and Accounts FacIlIt￿$ Mlnlbuses Corporate Tot•1 central Total Central offlté costs admln 41,241 9,￿8 4.156 S4.405 25,320 9,533 0Sts 2024 139,350 22.S04 costs 2023 116,208 32,945 Day serv1￿5 Muslc therapy Actlvty Scheme 40,676 5,919 2,Cfj6 48,661 7,845 5,393 899 14,278 612 15.071 28.084 2,675 4,25f) 4,290 17,161 15,298 15,071 31,651 169,376 SO,326 158,L95 44.403 25 FundraL¥lryg Shop expen5e5 6,119 6,687 21 51 71 247 434 228 141 AIIDCation basis Estrngmt Estlmoted E5tirnotgd Noof %ugeol tlme use of key use of key minlbuse5 reveijue ortlvltles octlvltles Parity for Disability (Registered Number.. 3584503- Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY ForPwWIth llul￿p1 Page . 26

  5. Net Incomingjloutgoingl resources 3110312024 3110312023 Net resource5 are stated after charginpjlcreditingl.. Auditors, remurseratlon Depreclatlon- owned a55ets 7,5(KJ 25,678 7,092 29,141

  6. Trustees, remuneration and benefits There were no trustee5' remuneration or other beneflts forthe year ended 31 March 2024, nor for the year ended 31 March 2023. One Trustee is normally relmbursed for travel expenses but there were no expenses incurred In the year.
  7. Staff Costs 3110312024 3110312023 Wages and salarles National Insurance contrlbutions Pension contrlbutions Temporary staff pald via Agency Staff Costs 1,233,929 88.138 24,829 1.120.054 70,610 23,914 1354 CW)7 1216 635 There were no employees with emoluments of £60,000 or more12023 £nill. Key management personnel comprlse the Trustees and the Executlve Dlrector. The Executlve Director'5 employment beneflts were £41.18912023 £39,603) A workplace penslon scheme wa5 e5tab115hed on the l August 2015. Contrlbutlons to the scheme are based on a percentage of salary in line wlth the mlnlmum requlrements. For the perlod l April 2018 to 31st March, this was 2% from Parlty and 3% from the employee. The contrlbutlon rate Increased from the 1st April 2019 to 3% for employer and a mlnlmum of 5% from the employee. There is also an addltional contrlbutlon made in line wlth one employee's remuneratlon arrangements. The average monthly number of employees durln8 the year was as follows: Dlrectcharltable work Shops Fundraisln8 AdmlnlstratSve 49 47 61 60 In addition, there 113 volunteers worklng In the 5hop5. fundralslng and asslstin8 wlth the charltable work. Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page ." 27

9.Tanglble flxed assets Freehold property Furniture & equlpment Motor vehicles Total Cost or valuation As at 31 March 2023 230.WO 237.270 124,165 591,435 Addition5 16,604 16,604 Disposals as at 31 March 2024 230,000 253,874 124,165 608,039 Depreciation As at 31 March 2023 36,8C 190,433 106,347 333,580 Charge foryear 4,6 11,829 9,249 25,678 Ellmlnated on dlsposal As at 31 March 2024 41.400 202.262 115,596 359,258 Net Book Value As at 31 March 2023 193,200 46,837 17,818 257,855 As at31 March 2024 188,600 51,612 8,569 248,781 The freehold property 94 Whetstone Road, Farnborough. the mlnibuses, shop and fundraisin8 equipment are all used directly for charitable purpose5, the remainln8 assets belng used in the management and admlnlstratlon of the charlty, The freehold was last revalued in October 2013 by Clare & Co on an open market basis. Cost or valuation at 31 March 2016 is represented by: Cost Revaluatlon In 2006 Revaluation in 2013 158,478 76,522 15,CK)01 230,OIX) Rather than Incur the ongoin8 Costs of a professional revaluation, in accordance wlth FRS 102 transitional accountlng regulations, the Trustees have opted for a pollcy of deprecSatin8 the freehold based on the last recorded valuation of £230,000 wlth effect from l April 2016. 10. Debtors and amounts falllng due within one year 3110312024 3110312023 Trade debtors Other debtors 114,020 18 72 132 392 113,922 Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31st March 2024 PARITY ￿lU￿p,• Ek*bhllUIs Page . 28

  1. Creditors= Amounts falllng due within one year 3110312024 3110312023 Trade creditors Taxatlon & social securlty Other cfedltors 14,741 17.032 136 816 28,199 18,037 Other creditors Include a provlslon for £88,987 in respert of surplus fundlng from Local Authorlty and CCG funders covering the period l April 2020 to 30 September 2021. These funds are belng offered back to funders either through direct payment or as a dlscount on fees,
  2. Calculation of Net free reserve 3110312024 3110312023 Total accumulated funds per Balance Sheet Less restricted fund balance5 Unrestricted fvnds 898,167 199 734 698,433 847,438 195 127 652,311 Less flxed assets Flxed assets Add back restrlcted flxed assets 1248,7811 041 1218,7401 1257,8551 1210,2921

  3. Operatlng Lease Commitment5 A 25 year operating lease over 23 Salisbury Grove, Mytchett was slgned on 21 December 2014. The lease over 93 Whetstone Road was renewed In 2019 for ten years. The lease on 92 Whetstone Road was renewed In August 2023 for ten years. The current lease on the Church Crookham shop explres March 2025 andls expected to be renewed. The lease on the North Comp shop was renewed in April 2023 for seven year5. Whlle not subject to a formal lease, Parlty rent5 the church hall at St Martln's. In addltlon, Parity leases several photocoplers. Total commitments under non-cancellable operatin8 leases 05 at 31 March 2024 were as follows.. 3110312024 3110312023 Annual commitments O-l Year 93,350 312,650 476,811 70,728 219,850 482,325 1-5 years More than 5 years Parity for Disability (Registered Number: 3584503- Charity Number 1071571) Annual Report and Accounts for year ended 31st March 2024 PARITY Page ." 29

  4. Movement in funds Balance at 3110312023 Net movement in funds Balance at 3110312024 Unrestricted funds General fund Freeholij revaluatlon and fair value reserve 580,189 46,122 626,311 652,311 46,122 698,433 Restricted funds- fixed a55et5 Whetstone Road- fixed A55et5 St Martin's- fixed assets SalisburyGrove- fixed assets Minlbu5e5 Minlbus fund 13,824 4,613 18,681 17,353 13,0751 19971 14,3851 186501 10,749 3,616 14,296 8,703 54,471 19,107 45,364 Restricted funds Whetstone Road St Martin's Salisbury Grove Mlnibus running expenses Muslc therapy Therapv Day service fun(15 Muslcal Instrument5 Health & Wellbein8 Covld grants Restricted donatlons Into new building fund 14,424 13,823 7,763 9,000 13.559 3,500 6,563 373 11,2001 1,468 8,384 19,aOOI 14,5321 13.224 15.291 16,147 9,027 3,500 6,563 373 4,996 iii 4,996 1991 140,656 13,714 154,370 TOTAL FUNDS Net movement In funds, Included In the above are as follows.. Incomlng resources Resource5 expended Net movement in funds Unrestrlcted funds General fund Freehold revaluatSon and lalr value reserve 1,778,263 1,732,141 46,122 1,778,263 1,732,141 46,122 Restricted funds- flxed èssets Whetstone Road- fixed assets St Martin's- fixed assets Sallsbury Grove- flxed a55et5 Mlnlbuses Mlnlbu5 fund 3,075 997 4,385 8.650 13,0751 19971 14,3851 8,6SO 000 8,000 17,107 19,1071 Re5tritted funds Whetstone Road St Martln's 5a115bury Grove Mlnlbu5 running expen5e5 Mu51C therapy 1,261 1.932 15,411 10,500 2,461 464 11,2001 1,468 8,384 19,0001 14,5321 7,027 19,500 4,532 Health & Wellbeing Covld grants Restricted donations into new bulldlngfund 15,130 10,134 1981 4,996 98 57,734 44,020 13,714 TOTAL FUNDS Parity for Disability (Registered Number: 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page .' 30

  5. POST BALANCE SHEET EVENTS The majority of outstanding surplus funding balances have been repaid post 31 March 2024,. the £37,742 remaining will used as a rebate to ongoing fee invoices.

  6. GENERAL INFORMATION Parity for Disability is a Limited by Guarantee Charitable Company Incorporated in England & Wales. The Registered Office is 94 Whetstone Road, Cove, Farnborough, Hampshire GU14 9SX. Parity for Disability (Registered Number.. 3584503 - Charity Number 1071571) Annual Report and Accounts for year ended 31 st March 2024 PARITY Page . 31

PARITY For People With Multiple Disabilities PARITY FOR DISABILITY 94 Whetstone Road Cove Farnborough Hampshire GU14 9SX Tel: 01252 375581 arit fordisabilit .or .ukl REGISTERED COMPANY NUMBER.. 3584503 (England and Wales) REGISTERED CHARITY NUMBER 1071571 Parity for Disability (Registered Number.. 3584503- Charity Number 1071571) Annual Report and AcGounts for year ended 31st March 2024 PARITY Page . 32