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
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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
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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
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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)
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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.
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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)
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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.
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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.
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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
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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)
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• 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.
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Annual Report and Accounts for year ended 31 st March 2024
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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
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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
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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

2. 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

3. 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
4. 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

5. 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
ForPw*WIth llul￿p1*
Page . 26

6. 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
7. 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.
8. 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

11. 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,
12. 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
13. 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

14. 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

15. 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.
16. 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