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2020-12-31-accounts

Parentkind

Report and Accounts for the year ended 31 December 2020

Parentkind - Company Number 3680271

Contents
Page
Company Information 3
Trustees’ Report 4
Independent Auditors’ Report 15
Consolidated Statement of Financial Activities 19
Consolidated and Charity Balance Sheets 20
Consolidated Cash Flow Statement 21
Notes to the Financial Statements 22

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Parentkind - Company Number 3680271

Company Information as at 31 December 2020

Incorporated England 2ndDecember 1998
Company Number 3680271
Charity Number 1072833
Trustees Joe Saxton, Chair of the Board (to 9thJune 2021)
Alex Peace-Gadsby, Chair of the Board (from 9thJune 2021)
Joni Alexander Charlie Samuda (to 9thJune 2020)
Steve Bannister Amanda Shepard
Ellen Broome (from 28thJune 2020) Mos Somji
Jennifer Dyer (to 9thJune 2020) Pat Sowa
David Hatchett (from 9thJune 2020) Jo Walmsley (from 18thJune 2020)
Rob Hayter Karen Wespieser
Doris Neville-Davies (to 9thJune 2020) Yvonne Wood (to 9thJune 2020)
Chief Executive John Jolly
Company Secretary Graham Stone
Registered Office 39 Shipbourne Road
Tonbridge
Kent TN10 3DS
Bankers CAF Bank Ltd Aldermore Bank PLC
25 Kings Hill Avenue 1st Floor, Block B
West Malling Western House
Kent ME19 4TA Lynch Wood
Peterborough PE2 6FZ
Investment Managers Sarasin and Partners LLP Solicitors Cripps LLP
Juxon House 22 Mount Ephraim
100 St Paul’s Churchyard Tunbridge Wells
London Kent TN4 8AS
EC4M 8BU
Independent Auditors Saffery Champness LLP Insurer Zurich Insurance plc
71 Queen Victoria Street The Zurich Centre
London 3000 Parkway
EC4V 4BE Whiteley
Fareham
Hampshire PO15 7JZ

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Parentkind - Company Number 3680271

Report of the Trustees for the year ended 31 December 2020

The Trustees are pleased to present their annual report together with the consolidated financial statements of the Charity and its subsidiary for the year ended 31 December 2020, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements have been prepared in accordance with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard, applicable in the UK and Republic of Ireland (FRS 102).

Overview

Objectives for the public benefit

The principal objects contained within the Charity’s memorandum and articles of association are:

‘To advance education by encouraging the fullest co-operation between home and school, education authorities, central government and all other interested parties and bodies.’

The Trustees have considered the Charity Commission guidance on public benefit while developing plans for activities during the year.

What does Parentkind do?

Our vision

Our vision is that the active participation of parents is considered an essential ingredient in the success of our children’s education by society, schools and parents themselves.

Our mission

Parentkind will tirelessly support and champion all the ways parents can participate in education and have their voices heard. We want to be a powerful force for good in education in the UK that strives to bring homes and schools together for the good of all children and society as a whole.

Our ambition

We want more parents to be involved and engaged in their child’s education, and in more ways – both at home and at school.

In 2018 the Trustees agreed a two year strategy to achieve our objects (covering activities up until the end of 2020) and to realise our vision, mission and ambition.

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Parentkind’s five strategic goals guiding our work in 2018-20 are :

Despite working from home, and the limits imposed by lockdown, we have managed to place Parentkind at the heart of the schools debate in all three nations in which we operate. In a large part, this is because we have chosen to take the opportunities that have presented to us, and proactively supported and worked with a wide range of organisations in England, Wales and Northern Ireland, in a fast changing situation.

During the pandemic our four key priorities have been:

  1. To ensure that we are able to position Parentkind as an organisation PTAs cannot live without in 2021 and one that reflects the new normal (e.g. non-event based fundraising).

  2. To ensure that we are able to keep a track on the financial impact of COVID19, against our scenarios, and develop a stress-test to extinction, against different levels of membership in January 2021, given all of our risk sits against January 2021. We will then plan our responses at different levels of funding way below the worst case (plan for the worst and hope for the best)!

  3. To recognise the transformational nature of current events in speeding-up the use of Webinars instead of face-to-face training and conferences, and develop our training accordingly.

  4. Continue to increase the influence and profile of Parentkind in the context of parental engagement (Blueprint) and the growing power of parental voice in decision making. Suddenly, parents are empowered to make choices and are actively involved in children’s education in a way that has not been seen before. Even sending children to school is currently a parental choice.

Achieving Our Strategic Goals

We will now take each of our five strategic goals in turn and report on our activities and achievements against each goal so far:

(1) Supporting and engaging parents to help them maximise their contribution to their child’s education

Giving parents a voice

In March 2020, parents were suddenly empowered to make choices in their child’s education and were actively involved in children’s learning at home due to the unprecedented school closures. In response, we piloted a small online survey to gauge a reaction of parent’s thoughts at this time in terms of their child’s education. We were encouraged that in under five days, almost 700 parents (691 in total) representing 1,181 schoolchildren across the three nations gave us their views. The results gave us a snapshot parents’ voice in the week that school closures and the wider ‘stay at home’ message was announced.

With the situation changing daily, we released a second short online survey to gain further clarity on parent views in April/May 2020. An unprecedented 257,392 parents responded and submissions were still coming in thick and fast by the time we closed it at 9am on Monday 4th May. This high level of engagement demonstrated the strength of feeling among parents at this time as well as our ability to be agile in gathering a collective ‘parent voice’. We published our results via a press release, which generated media coverage beyond any expectations.

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We have continued to gather data from parents with a series of online surveys during 2020, which has enabled us to understand the shift or transformation in the thought process of parents over the pandemic period. To compliment above, we also released online snap polls to gauge parent’s reactions on specific announcements or key topics of interest (at that point in time) for example exams. These have often been at the request of our partners or media, which we are happy to help. These snap polls are short and ready to answer and can measure parent opinion, in one particular situation, almost immediately.

Using online surveys and polls have been a useful (and quick) way to get solid, usable data from parents to generate media coverage and influence policy. There is no doubt that these additions to our research have been an easy way to seriously inspire a large number of parents to respond and give their voice.

Providing parent with resources and support

We increased the number of parents visiting our website, social media channels and mailing lists.

Communication channel
Website session visits
Website unique users
Page Views
Average length of web session
(minutes)
Parent Facebookpage ‘likes’
Twitter followers
Parent eBulletin mailinglist		 **At 31 December 2020 ** **At 31 December 2019 ** % change
518,611 455,611 14%
373,414 252,681 48%
2,689,602 3,344,817 -20%
02:03 03:15 -37%
6,441 4,898 32%
9,165 7,697 19%
20,654 18,565 11%

We created an online version of the Be School Ready magazine, for distribution to parents with 853 downloads

(2) Supporting and engaging PTAs, Parent Councils and other parent groups to be as effective as possible

PTA Membership

As of December 2020, we had 12,770 PTA members (46% of all schools in England, Wales and Northern Ireland).

Year to 31 December 2020 Year to 31 December 2019
PTA members atyear start 13,548 13,633
Members who did not renew -855 -517
New & ReturningPTA members 77 432
Total PTA members at year end 12,770 13,548
PTA member retention rate 90.3% 94.5%

Our presence in the three nations is as follows:

Nation Parentkind PTA Members All Schools % School Market Penetration
England 11,720 24,566 48%
Wales 664 1,603 41%
Northern Ireland 374 1,569 24%
Other 12 N/A N/A
Total 12,770 27,738 46%

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PTA membership benefits

We continued to support our PTA members with 9,746 enquiries via telephone and email, as well as developed the ability for our PTA members to self-serve through our website, to complete a range of functions including contact detail changes and renewals.

Types of contact with members At 31 December 2020 At 31 December 2019 % change
Total enquiries from PTA members 9,746 16,693 -42%
PTA membershipsupport via telephone 2,935 6,831 -57%
PTA membership newsletter mailing list
numbers
27,384		 29,733 -8%
Other 0 11 N/A
Total 40,065 53,268 -25%

We successfully introduced informal webinar coffee mornings and monthly “Webinar Wednesdays”. These have been run on a range of subjects by both staff and third parties, such as The Charity Commission and Zurich.

We launched a digital PTA Expert magazine, to replace the annual printed magazine. We successfully tested our first annual virtual fundraising event the Big PTA Quiz 2020 in September/October. We provided everything a PTA would need to make it as simple as possible to host an evening. Over 10% of our PTA members downloaded the activity pack. We launched the Big PTA Raffle 2020 in October. We have completed the annual review of information sheets and resources including adaptions to be as covid-19 related as possible.

We continued to successfully work with a number of long-term and new partners to offer a wider range of exclusive benefits, to help our PTA members be as effective as possible, as well as raise more money including: PTA Events, Easyfundraising and Your School Lottery. Our ongoing partnership with easyfundraising meant that in 2020, over 400 PTAs registered to use the service with nearly 6,000 members now registered.

Annual PTA membership survey

Our 2020 annual PTA membership survey was completed online by nearly 700 PTA members and highlights the important role that they play in contributing to improving children’s education and to society as a whole. The key results of the survey are summarised below:

(3) Helping schools to become more parent-friendly

Blueprint for Parent Friendly Schools

We have collated consultation comments and feedback to those who participated, the changes that were made as a result and established the Blueprint for Parent-Friendly Schools five key drivers.

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We have developed a sub-brand to use across all the Blueprint for Parent-Friendly Schools elements and successfully completed the Doncaster government contract. Despite the schools closing due to Covid-19 we established best practice and a number of resources to take us forward and created a Blueprint for ParentFriendly Schools promotional brochure for school-leaders and partners.

Training

We have reviewed our workshops so that they could be delivered online, including training our associate trainers on these new delivery methods.

(4) Developing new partnerships to reach more parents and schools

Due to the higher profile our snapshot surveys have given us, we have been approached to partner on the following research projects:

(5) Championing the role of parents in education and their importance in education policy.

We executed our 6th Annual Parent Survey with a 1,500 sample size across England, Wales and Northern Ireland to continue to reinforce our authority on parent views. The results were highlighted heavily in the IPPR report – The ‘new normal’ – The future of education after Covid-19 and the research report released alongside. To accompany our media launch, we prepared a further analysis report based on key policy areas.

A Data Analyst joined us from the Cabinet Office, on secondment for six months, to further analyse the past six annual parent surveys. Working into 2021, the outcome will be a series of evidence based reports on our key policy asks.

We established three overarching policy asks for the organisation:

England highlights:

We secured Ian Mearns MP’s agreement to set up and chair an All Party Parliamentary Group on Parental Participation in Education at Westminster and launched in July. The following people were agreed as Vice Chairs, Baroness Blower, John McDonnell, and Tom Tugendhat (Vice-Chair).

Meetings have been attended by the following MP’s and Peers: Mary Glindon MP, Grahame Morris MP, Lord Watson of Invergowrie, and Graeme Dolphin representing Margaret Greenwood MP; Ian Byrne MP, Tracey Crouch MP, Kate Green MP, Margaret Greenwood MP, Emma Hardy MP, Rachel Hopkins MP, David Johnston MP, Baroness Bennett of Manor Castle, Lord Knight of Weymouth, Lord Ramsbotham; and Chris Waterman (APPG for the Teaching Profession).

We have been working closely with DFE, Ofsted, Ofqual, NEU, The Chartered College of Teaching, NGA, the Parent Education Network and reaching out to a wide range of other organisations.

We have actively sought to raise our concerns and the parent viewpoint with Ministers, the Education Select committee and MP’s. This has included letters to Gavin Williamson and the schools Minister along with

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letters to Rebeca Long-Bailey and shadow Schools Minister Margret Greenwood. We have written to both the new Shadow Schools Minister Wes Streeting and Schools Minister Nick Gibb to both introduce Parentkind and raise concerns expressed to us by parents.

We have ensured that our COVID19 surveys have been circulated to all MPs and Peers and that parents concerns have been raised with the Education Select Committee.

Along with NAHT ASCL, NGA, NEU and other key organisations we attended and presented at two meetings in relation to schools with Keir Starmer and the shadow cabinet including, Angela Raynor, Kate Green, Margret Greenwood, Anneliese Dodds.

We responded on a number of policy focused consultations across England, including:

Wales highlights:

We engaged with politicians and other key stakeholders in Wales (where there is not an appetite to create an All Party Working Group) with a Parent Advisory Group, that immediately addressed the need for parent consultation and input into their Covid responses / guidance / communications etc. The work of this group continues longer term to support the implementation phase of the Curriculum for Wales (and other policy delivery).

We have secured some key political connections in Wales, these include: Kirsty Williams MS, Education Minister, Suzy Davies MS Welsh Conservatives Education spokesperson and member of Children, Young People and Education Committee, Jane Hutt MS, Deputy Minister and First Whip, Welsh Labour and Sian Gwenllian MS, Education spokesperson and member of the Children, Young People and Education Committee, Plaid Cymru.

We continued to respond to key stakeholder consultations, such as those of Qualifications Wales and Estyn and other partner organisations. Our Parent research has been used by the Welsh Government Research service, used to inform Welsh Government reports and quoted as the source. For example, in a number of responses to Welsh Government consultations, including our submission the Children, Young People and Education committee enquiry. We have used supporting evidence to respond to Welsh Government policy based consultations and gathered via snapshot surveys.

Ready for elections due to take place in May 2021, we have attended a number of round table/discussion group events with the Welsh Labour, Welsh Conservatives and Plaid Cymru parties, held to inform their policy and election manifesto developments. As well as one to one meetings with Senedd Members and policy advisors as follow-ups.

Northern Ireland (NI) highlights:

We established MLA’s, peers and organisations within the APWG in Northern Ireland from January 2020. Now fully functioning with Parentkind are the secretariat. We are in regular contact with the Education Minister and other politicians involved in Education in NI providing insights as to parent’s thoughts and opinions on an array of matters, during school closures including full time return to school, the transfer test and much more.

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We used evidence obtained through our Parents’ Parliaments to design resources that could be used as a model for schools to replicate to support learning from home. We worked alongside policy-makers and stakeholders to inform and influence the development of information materials for parents on supporting learning from home and develop Ask the Expert sessions.

We presented our survey findings to an array of stakeholders including Stranmillis University, Education Committee members, and APG members. Our research has been used extensively in NI, for example, the Department of Education. The Education Minister used our survey findings in several reports to the NI Assembly, when presenting evidence to the Education Committee, when answering general questions to the Committee and again in the Assembly answering open questions. Our survey was also included in the NI Assembly Research Matters papers.

Financial Review

Income

Total incoming resources for the year amounted to £1,518,983 (compared with £1,519,170 for 2019, a decrease of £187 : 0.0%).

Funding was primarily from PTA membership, which provided £1,312,067 (compared with £1,299,220 for 2019, an increase of £12,847 : 1.0%).

The Charity’s wholly owned trading subsidiary Parentkind Enterprises Limited (PEL) continued to trade well and income from commercial was £142,360 (compared with £130,844 for 2019).

In this period, PEL made a payment of £46,393 (compared with £17,565 for 2019) under Gift Aid to the Charity, representing an increase of £28,828 on the prior year. This increase was as a result of our Big PTA Raffle initiative generating additional funds and reduced costs due to stopping the production of our Welcome Packs.

The Charity received income of £1,886 related to training workshops provided to enhance parental reach into schools as part of our wider schools programme (compared to £19,106 for 2019). This represents a decrease on the prior year of 90.1%. This decrease was a direct result of cancelling face to face training sessions and disruption within schools due to Covid-19 Pandemic. We hope to build on this income stream going forward through introducing a remote training option.

Investment income for the period was £17,086 (compared to £17,250 for 2019). At 31 December 2020, the investment was valued at £514,007 (compared to £469,405 for 2019)

The only form of direct fundraising undertaken by Parentkind during the year was through our Big PTA Raffle. The purpose of the raffle was primarily to raise funds on behalf of our PTA members. The Raffle was undertaken in partnership with an External Lottery Manager, Gatherwell Ltd, under a small society lottery licence issued to Parentkind by Tonbridge and Malling Borough Council. We ensured that Gatherwell Ltd conducted our raffle with due regard to protecting vulnerable people through ensuring that they had appropriate policies in place that were followed throughout our Raffle. We did not receive any complaints in relation to our direct fundraising activity in the year.

Expenditure

Total expenditure for the year amounted to £1,438,973 (compared with £1,579,654 in 2019 a decrease of £140,681 : 8.9%).

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The net result of the Charity for the year ended 31 December 2020 was a surplus of £109,605 – this was a direct result of cost savings achieved during the Pandemic, good performance of our investments and an increase in income generated by our commercial activities.

Reserves policy

The Trustees believe that in terms of good governance and to ensure the continuity of the organisation and the fulfilment of its charitable aims, it is necessary to maintain an adequate level of reserves.

Free reserves are the part of Parentkind's unrestricted funds that is freely available to spend on any of the Charity's purposes. This definition excludes restricted income funds, although holding such funds may influence Parentkind's reserves policy.

The Trustees take a risk-based approach to reserves and review the reserves policy annually. The Board has set a reserves policy which requires:

The calculation of the required level of free reserves takes into account:

On this basis, the Trustees consider that the ideal level of free reserves as at 31 December 2020 is £450,000 of which at least 20% should be held as cash. The group held cash of £389,002 at 31 December 2020.

Additionally, Parentkind owns the land and building at 39 Shipbourne Road, Tonbridge, TN10 3DS. The board has agreed to retain the land and building for use of the Charity until such time that the liquidation of the asset is required in order to provide access to free reserves as per the policy.

The balance held in unrestricted funds (excluding tangible and intangible fixed assets) was £840,501 at 31 December 2020. The Trustees are satisfied that the Charity is operating on a going concern basis.

Consideration has been given to the impact of the Coronavirus pandemic upon our ongoing operations and a basis of going concern. Given limited exposure to reductions in income, as previously described, the cost cutting measures enacted during the year and current level of reserves the Trustees are satisfied that the pandemic does not affect the ability of the Charity to operate on a going concern basis.

The Trustees consider ways by which the free reserves above the assessed reserves level could be invested or used for the long term benefit of the charity. In March 2021 the Trustees decided to allocate £100,000 as a designated fund representing their commitment to develop a new website during 2021. It is hoped that the new website will be launched in 2022. During the summer of 2021, a new strategy will be developed and further investment of reserves will be considered as part of this strategy.

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Investment policy and performance

Parentkind’s investment policy is to manage investments in such a way, as to:

At 31 December 2020, in addition to the funds invested with Sarasin & Partners LLP, the Charity held cash deposits spread between two UK banks.

Structure, governance and management

Parentkind is both a company limited by guarantee and a registered charity. It is governed by the Board of Trustees which is collectively responsible for the governance and strategic direction of Parentkind together with its financial health, delivery of public benefit, probity of its activities and the development of the organisation’s aims, objectives and goals.

Parentkind wholly owns a trading subsidiary, Parentkind Enterprises Limited (PEL) (company number 3884281) whose Directors are selected by the Trustees from among their number and the staff team.

During 2019 and 2020, we recruited some new Trustees. All new Trustee positions are advertised publicly to ensure a diverse board with the right mix of skills is appointed. Three new Trustees were appointed at the AGM in June 2020.

Early in 2021 a new Chair of the Board was recruited as Joe Saxton approached the end of his term of service. Joe stepped down as Chair and Trustee at our AGM on 9[th] June 2021 and at the same meeting Alex PeaceGadsby was appointed by the board as both a Trustee and Chair of the Board. The Trustees and Staff Team of Parentkind extend their appreciation and thanks to Joe, who provided exceptional leadership of the board for six years during a period of substantial transformation of the organisation.

New Trustees receive a comprehensive induction when they join, including an overview of their responsibilities and duties as Company Directors and Trustees. This induction is undertaken by the Chair of the People Committee and the Company Secretary.

Trustees bring a broad range of experience and skills, and Parentkind values their input across activities. All Trustees give their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in note 14 to the accounts.

Day to day management of the Charity is delegated to the Chief Executive, who manages a team of 25 staff (22.4 full time equivalent), of whom 23 are based in the office and 2 work remotely.

Board Structure and Trustee Development

The Board meets five times per year, with the following committees meeting at least twice a year, consisting of the following Trustees (voting) and Executive staff (non-voting):

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Our Chair of the Board, Joe Saxton, sits ex officio (with voting rights) on each committee.

Overall Trustee attendance at committees was an average of 96% over the period and Trustee attendance at Board meetings was 94%.

The Board has also developed its own set of guiding principles called “What are the Hallmarks of an effective Trustee” which covers attendance and involvement at meetings, knowledge of Parentkind and its work, and behaviour as a Trustee to ensure that the Board can be as effective as possible. This is also included in the Trustee Manual.

Risk management

The major risks for Parentkind are reviewed and scrutinised by the Money Committee and the Board of Trustees. This year, the top risks have been:

Staff and trustees have worked closely together in 2020 to mitigate these risks, especially in light of the impact of the Covid-19 Pandemic. Financial risks are mitigated by regularly reviewing our financial position through management accounts, conducting quarterly reforecasting and scenario planning. During the year we have introduced new initiatives such as the Big PTA Raffle, working to diversify our income and have focussed upon providing members with a relevant membership offer during the Pandemic, including running webinars. We have continued the focus on our digital infrastructure and are planning replacement of our website during 2021 and 2022. We have addressed pain points in our digital infrastructure, particularly related to membership, and have worked on ensuring that our database system operates as efficiently as possible through reviewing background coding.

We recognise the importance of safeguarding in all aspects of our work. We provide our members with support, guidance and access to training to ensure they understand their obligations in relation to safeguarding children and vulnerable adults.

Future plans

In 2021 we are planning on further focus on strengthening our PTA membership, ensuring it remains relevant to our members. Following the success of our Big PTA Raffle in 2020 and selling out of tickets, we

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are planning on running the raffle again in 2021. To increase the number of tickets that can be sold we will need to obtain a licence from the Gambling Commission.

As our current strategy period ends we will be developing a new strategy for Parentkind during 2021 to build upon our achievements, particularly our increased profile as a result of the Pandemic. This strategic planning process is planned to commence in Summer 2021 with a series of staff and Trustee away days.

Trustees’ responsibilities in relation to the financial statements

The Charity Trustees (who are also the directors of Parentkind for the purposes of company law) are responsible for preparing a Trustee’s annual report and financial statements in accordance with applicable law and United Kingdom Account Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of incoming resources and applications of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and the group and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011, and the Memorandum and Articles of Association. They are also responsible for safeguarding the assets of the Charity and the group and hence 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 in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Statement as to disclosure to our auditors

In accordance with section 418 Companies Act 2006, the trustees confirm that, in the case of each of the persons who are trustees at the time when this report is approved, so far as each trustee is aware:

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

By order of the Board of Trustees.

Alex Peace-Gadsby (Chair of the Board) Mos Somji (Chair of the Money Committee) 9[th] June 2021

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Independent auditors’ report to the members and trustees

Opinion

We have audited the financial statements of Parentkind (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 December 2020 which comprise the consolidated statement of financial activities, consolidated and charity balance sheets, consolidated cash flow statement and notes to the financial statements, including 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:

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 group and parent charitable company 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 trustees’ use of the going concern basis 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 group or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees 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 assurance conclusion thereon.

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 course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have

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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.

Other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and their 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 where the Companies Act 2006 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities set out on page 14, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of the 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 group and the parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditors under the Companies Act 2006 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the group and parent 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

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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-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities

We assessed the susceptibility of the group and parent charitable company’s financial statements to material misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the group and parent charitable company by discussions with trustees and updating our understanding of the sector in which the group and parent charitable company operate.

Laws and regulations of direct significance in the context of the group and parent charitable company include The Companies Act 2006 and guidance issued by the Charity Commission for England and Wales.

Audit response to risks identified

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the parent charitable company’s records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the parent charitable company’s policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify noncompliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Report and Accounts for the Year Ended 31 December 2020

17

Parentkind - Company Number 3680271

Use of our report

This report is made solely to the parent charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent charitable company’s members 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 parent charitable company and the parent charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

…………………………………………………………………………

Claire Wills (Senior Statutory Auditor) for and on behalf of Saffery Champness LLP

Chartered Accountants 71 Queen Victoria Street Statutory Auditors London EC4V 4BE

Date: 10 June 2021

Saffery Champness LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

Report and Accounts for the Year Ended 31 December 2020

18

Parentkind - Company Number 3680271

Consolidated Statement of Financial Activities for the year ended 31 December 2020

(Incorporating the income and expenditure account)

Note
Income from:
Charitable activities
2
Commercial activities
3
Investments
Donations
Total income
Expenditure on:
Charitable activities
4
Commercial activities
3
Total expenditure
Net gains/(losses) on investments
9
Net income/(expenditure) for the year
Transfer between funds
13
Net movement in funds
Total funds brought forward 1 January
13
Total funds carried forward 31 December13		 Total funds
Total funds
2020
2019
£
£
1,353,208
1,363,576
142,360
130,844
17,086
17,250
6,329
7,500
1,518,983
1,519,170
(1,343,006)
(1,455,758)
(95,967)
(123,896)
(1,438,973)
(1,579,654)
29,595
61,741
109,605
1,257
-
-
109,605
1,257
1,118,701
1,117,444
1,228,306
1,118,701

All activities for the years ended 31 December 2020 and 2019 relate to continuing operations.

In 2019 £10,000 was recognised as restricted grant income as part of income from charitable activities. This grant was fully spent on restricted charitable activities. In 2020 all income and expenditure was unrestricted.

Report and Accounts for the Year Ended 31 December 2020

19

Parentkind - Company Number 3680271

Consolidated and Charity Balance Sheets as at 31 December 2020 Company number 3680271

Group Group Charity Charity
Note 2020 2019 2020 2019
£ £ £ £
Fixed assets
Tangible assets 8 387,805 398,168 387,805 398,168
Investments 9 514,007 469,405 515,007 470,405
901,812 867,573 902,812 868,573
Current assets
Debtors 10 184,184 145,372 253,122 260,865
Cash at bank and in hand 153,082 178,904 83,144 56,256
Cash on deposit 235,920 185,229 235,920 185,229
573,186 509,505 572,186 502,350
Creditors: amounts falling due within 11 (246,692) (258,377) (246,692) (252,220)
one year
Net current assets 326,494 251,128 325,494 250,130
Total net assets 1,228,306 1,118,701 1,228,306 1,118,703
Funds of the Charity
Total funds (unrestricted) 13 1,228,306 1,118,701 1,228,306 1,118,701

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

As permitted by S408 Companies Act 2006, the charitable company has not presented its own profit and loss account and related notes. The charitable company’s net movement in funds for the year was £109,605 (compared to £1,257 in 2019).

The financial statements on pages 19 to 32 were approved and authorised for issue by the Board of Trustees on 9[th] June 2021 and signed on its behalf by:

Alex Peace-Gadsby Chair of the Board

Mos Somji Chair of the Money Committee

Report and Accounts for the Year Ended 31 December 2020

20

Parentkind - Company Number 3680271

Consolidated Cash Flow Statement for the year ended 31 December 2020

Group Group
Note 2020 2019
£ £
Net cash provided by/(used in) operating activities 16 26,809 (120,399)
Cash flows from investing activities:
Dividends from investments and interest 17,086 17,250
Purchase of tangible fixed assets (4,019) (9,382)
Purchase of intangible fixed assets - -
Purchase of investments (15,007) (14,312)
Proceeds from the sale of investments - -
Net cash (used)/provided by investing activities (1,940) (6,444)
Change in cash and cash equivalents during year 24,869 (126,843)
Cash and cash equivalents at start of year 364,133 490,976
Cash and cash equivalents at end of year 389,002 364,133

Report and Accounts for the Year Ended 31 December 2020

21

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020

1 Accounting policies

Basis of preparation and assessment of going concern

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed asset investments. 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 in the UK and Republic of Ireland (FRS 102) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Trustees confirm that the Charity is a public benefit entity under FRS 102.

The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. While we recognise a small reduction in our PTA membership during the year as a result of the impact of the Covid-19 Pandemic upon schools, we demonstrated our ability to flex our expenditure to match this reduction in income through careful scenario planning and budgeting. We anticipate that as restrictions upon society are relaxed as part of the Government’s roadmap for recovery in 2021 our decline in membership will be reversed. Early signs of recovering membership numbers have been observed in the first half of 2021.

Group financial statements

The financial statements consolidate the results of the Charity and its wholly owned subsidiary, Parentkind Enterprises Limited (PEL) company number 3884281, on a line-by-line basis. The Trustees consider that control exists due to the subsidiary being wholly owned, and there are no restrictions on the ability of the subsidiary to transfer funds or cash to the Charity. A separate Statement of Financial Activities, Income and expenditure account and cash flow statement for the Charity itself are not presented because the Charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.

Incoming resources

Membership income (net of discounts) is taken to the Statement of Financial Activities over the period of the subscription, taking into account the type of membership involved. Discounts are offered to member associations for payment of subscription fees by Direct Debit.

All grants received are credited to the Statement of Financial Activities upon receipt and where there is entitlement. Any gifts in kind received by the Charity during a financial period are recognised as income with a corresponding equivalent amount of expenditure. These are recognised at market value. All other incoming resources are accounted for when there is entitlement, receipt is probable and the amount can be reliably measured.

Resources expended

All expenditure is accounted for on an accruals basis.

Charitable activities includes expenditure on providing and developing member services, research into member opinions, engagement with key audiences, and promotion of Parentkind.

Governance costs include those incurred in the governance of the Charity and are primarily associated with constitutional and statutory requirements.

Report and Accounts for the Year Ended 31 December 2020

22

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020 (continued )

Expenditure not directly attributable to charitable activities, including staff costs, governance costs and support costs, are allocated to each activity on the basis of estimated time spent on the activities as follows:

Membership services 78.5% (2019: 82.9%) PR, policy and research 21.5% (2019: 17.1%)

Investments

Investment funds surplus to operational requirements are invested in deposits in the name of Parentkind to optimise income or in investments selected by a professional investment manager as approved by the Board. Investments are stated at market value at the balance sheet date. The Consolidated Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.

Tangible fixed assets

Expenditure on the acquisition of individual fixed assets that are either trackable (for example via serial numbers) or that cost more than £1,000 are capitalised at cost. Depreciation is provided to write off the cost or valuation, less estimated residual values, of all fixed assets excluding freehold land over their expected useful lives. It is calculated at the following rates:

Freehold property (buildings only) 2% on cost (previously net book value) Office equipment 33% on cost Furniture, fixtures and fittings 20% on cost

Fund accounting

Unrestricted funds are available to spend on activities that further any purpose of the Charity. Designated funds are unrestricted funds which have been set aside at the discretion of the Trustees for a specific, but not legally binding, purpose. Restricted funds are amounts which are specified by the donor to be used solely for particular projects undertaken by the Charity.

Pension costs

Employees of the Charity join a defined contribution ‘money purchase’ pension scheme upon starting their employment. The Charity contribution is restricted to the contributions disclosed in note 7. The costs of the defined contribution scheme are allocated to staff costs and represent the contributions payable by the Charity during the year. The Charity has no liability beyond making its contributions and paying across deductions for the employee’s contribution.

Irrecoverable VAT

The Charity is partially exempt. Irrecoverable VAT is allocated to the appropriate cost categories.

Financial instruments

The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Report and Accounts for the Year Ended 31 December 2020

23

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020 (continued )

Critical estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The value of land is estimated at 33% of the total property value, this judgement is based upon advice from a surveyor, who revalued the building in 2016. The depreciation policy for the building was changed from on net book value to the on cost basis, to better reflect the useful economic life. This change in estimation was applied from 1 January 2018 onwards.

2 Charitable activities

Membership subscriptions received are derived from the Charity’s principal activity wholly undertaken in the UK. Direct Debit discounts were taken up by many members and are included in the discounts allowed.

Members’ subscriptions
Discounts allowed
Training
Grants/Contracts
Coronavirus Job Retention Scheme
Total charitable activities		 Unrestricted
Total funds
funds
2019
£
£
1,369,237
1,356,700
(57,170)
(57,480)
1,886
19,106
35,179
45,250
4,076-
1,353,208
1,363,576

Report and Accounts for the Year Ended 31 December 2020

24

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020 (continued )

3 Incoming resources from activities for generating funds

The wholly owned trading subsidiary PEL, company number 3884281, is incorporated in the United Kingdom and pays all of its profits to the Charity by Gift Aid. PEL operates all commercial trading activities on behalf of the Charity. The Charity owns the entire share capital of 1,000 ordinary shares of £1 each. A summary of the trading results is shown below.

The summary financial performance of the subsidiary alone is:

Commercial activities
Donations
Cost of sales and administration costs
Net profit
Payment made via Gift Aid to the Charity
Retained in subsidiary
Current assets
Current liabilities
Total net assets
Aggregate share capital and reserves		 2020
2019
£
£
142,360
139,961
-
1,500
(95,967)
(123,896)
46,393
17,565
(46,393)
(17,565)
--
135,697
153,903
(134,697)
(152,903)
1,000
1,000
1,000
1,000

Report and Accounts for the Year Ended 31 December 2020

25

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020 (continued )

4a) Analysis of charitable activities
2020		 Staff
costs		 Other direct
costs		 Governance &
support costs
(see note 4b)		 Total
2020
£ £ £ £
Membership services
 610,119 221,304 131,242 962,665
PR, policy & research
 275,914 60,752 43,675 380,341
Total resources expended
 886,033 282,056 174,917 1,343,006
Analysis of charitable activities
2019		 Staff
costs		 Other
direct
costs		 Governance &
support costs
(see note 4b)		 Total
2019
£ £ £ £
Membership services
 547,319 230,321 232,356 1,009,996
PR, policy & research
 343,042 47,531 55,189 445,762
Total resources expended
 890,361 277,852 287,545 1,455,758
4b) Analysis of governance and support costs General Governance Total
2020 support function 2020
£ £ £
Legal & professional fees 28,727 6,217 34,944
Meeting costs – venue hire, travel
and catering		 9,188 2,514 11,702
Staff training 3,747 1,025 4,772
Premises costs 29,686 8,121 37,807
IT and communications 56,946 15,578 72,524
General office 814 223 1,037
Audit fees - 12,131 12,131
Total governance and support costs 129,108 45,809 174,917
Analysis of governance and support costs General Governance Total
2019 support function 2019
£ £ £
Legal & professional fees 63,323 18,652 81,975
Meeting costs – venue hire, travel
and catering		 30,246 9,842 40,088
Staff training 8,504 2,767 11,271
Premises costs 32,723 10,648 43,371
IT and communications 57,920 18,846 76,766
General office 12,735 4,144 16,879
Audit fees - 17,195 17,195
Total governance and support costs 205,451 82,094 287,545

Report and Accounts for the Year Ended 31 December 2020

26

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020 (continued

5 Total expenditure

Included in total expenditure is the following:

2020 2019
£ £
Audit fee (current year) 11,950 11,500
Audit fee (prior year under accrual) 181 5,695
Depreciation 14,382 12,252
Operating lease rentals - 629

6 Taxation

The company is a registered charity and as such is not liable to corporation tax on its income derived wholly from charitable activities.

7 Employees

The monthly average number of employees for the year was 27.4 (compared to 29.7 in 2019) and the monthly average Full Time Equivalent was 24.3 (compared to 26.6 in 2019) whose total remuneration was:

Salaries and wages
Social security costs
Pension costs		 2020
2019
£
£
856,246
831,243
68,412
74,497
55,789
54,107
980,447
959,847

No employees received emoluments which fell within the band £60,000 - £70,000 (2019: 0). 1 employee received emoluments which fell within the band £70,000 - £80,000 (2019: 0).

A payment for termination of employment of £9,456 was made during the year (compared to £nil in 2019). This is recognised as a salary cost.

During the year the charity recognised a liability to make a future termination payment to an employee totalling £3,500 (compared to £nil in 2019). This cost is recognised as a salary cost and included as an accrual within 2020.

The key management personnel of both the Charity and the group comprise the Trustees and the Executive Team. The Trustees are not remunerated. During 2020, we had three members of the Executive Team – the Chief Executive, the Executive Director of Corporate Services and the Executive Director of Programmes, Membership and Charitable Services. The total employee benefits of the key management personnel, including employer’s national insurance contributions and pension contributions in 2020, were £231,224 (compared to £205,567 in 2019).

The Charity operates a defined contribution pension scheme in respect of employees. The scheme and its assets are held by independent managers. The number of employees, to whom benefits were accruing under a money purchase pension scheme was 23 (2019: 25).

Report and Accounts for the Year Ended 31 December 2020

27

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020 (continued )

8 Tangible fixed assets (Group and Charity)

Freehold
property		 Furniture,
equipment,
fixtures & fittings		 Total
Cost £ £ £
At 1 January 2020 456,559 32,534 489,093
Additions
 - 4,019 4,019
Disposals
 - (7,183) (7,183)
At 31 December 2020 456,559 29,370 485,929
Depreciation
At 1 January 2020 73,847 17,078 90,925
Charge for year 6,088 8,294 14,382
Disposals
 - (7,183) (7,183)
At 31 December 2020 79,935 18,189 98,124
Net book value
31 December 2020 376,624 11,181 387,805
31 December 2019 382,712 15,456 398,168
All assets are used in the administration of the Charity. Freehold land is held at a value of £152,1
and is not depreciated.
Fixed asset investments
Group and Charity
Market value Charity Listed Subsidiary Charity total
investments company
£ £ £
At 1 January 2020 469,405 1,000 470,405
Additions 15,007 - 15,007
Net gains/(losses) on investments 29,595 - 29,595
31 December 2020 514,007 1,000 515,007
Historic cost
31 December 2020 443,319 1,000 444,319
31 December 2019 414,000 1,000 415,000

All assets are used in the administration of the Charity. Freehold land is held at a value of £152,186 and is not depreciated.

9 Fixed asset investments

Report and Accounts for the Year Ended 31 December 2020

28

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020 (continued)

The Charity holds investments in the Alpha Charity Authorised investment funds for Endowments Long Term Reserve managed by Sarasin & Partners LLP.

The Charity owns 100% of the issued share capital of PEL and the balance of reserves at 31 December 2020 was £1,000. The Charity is also the sole member of Parent Teacher Associations UK (PTA UK) which is a company limited by guarantee. Parent Teacher Associations UK does not have any share capital and the liability of Parentkind is limited to the sum of £1. During this accounting period PTA UK remained dormant.

10 Debtors

10 Debtors
Group Group Charity Charity
Amounts falling due within one year 2020 2019 2020 2019
£ £ £ £
Trade debtors 42,197 1,682 - 1,224
Balances due from subsidiary
 - - 82,160 129,182
Amount due from subsidiary under Gift Aid
 - - 46,393 17,565
Value added tax receivable 2,891 2,223 9,035 (4,467)
Prepayments and accrued income 139,096
 141,467 115,534 117,361
184,184
 145,372 253,122 260,865
11 Creditors
Group Group Charity Charity
Amounts falling due within one year 2020 2019 2020 2019
£ £ £ £
Trade creditors 40,299 33,370 40,299 33,370
Membership subscriptions paid in advance 144,783
 179,421 144,783 179,421
Accruals and deferred income 43,519 26,846 43,519 20,689
Other taxation and social security 18,091 18,740 18,091 18,740
246,692
 258,377 246,692 252,220
12 Membership subscriptions paid in advance
2020 2019
£ £
Balance at 1 January 179,421 161,840
Amount released to income earned from charitable activities (179,421) (161,840)
Amount deferred in year 144,783 179,421
Balance at 31 December 144,783 179,421

Report and Accounts for the Year Ended 31 December 2020

29

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020 (continued)

13 Analysis of charitable funds

a) Analysis of group net assets between funds

Total and Total and
unrestricted unrestricted
2020 2019
£ £
Investments 514,007 469,405
Tangible fixed assets 387,805 398,168
Cash 389,002 364,133
Other net current
assets/(liabilities)		 (62,508) (113,005)
At 31 December 1,228,306 1,118,701
Analysis of movements in funds
Total and Total and
unrestricted unrestricted
2020 2019
£ £
At 1 January 1,118,701 1,117,444
Net movement in funds 109,605 1,257
At 31 December 1,228,306 1,118,701

b) Analysis of movements in funds

c) Analysis of unrestricted funds

Analysis of unrestricted funds
At 1 January 2019
Net movement in funds
At 31 December 2019
At 1 January 2020
Net movement in funds
At 31 December 2020		 General
fund
Development
fund
Fixed Asset
fund
Total
£
£
£
£
983,622
133,822 -
1,117,444
(263,089)
(133,822)
398,168
1,257
720,533 -
398,168
1,118,701
720,533 -
398,168
1,118,701
119,968 -
(10,363)
109,605
840,501 -
387,805
1,228,306

The unrestricted funds relate to free reserves, subject to designated funds, available to spend on any purpose of the Charity.

Report and Accounts for the Year Ended 31 December 2020

30

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020 (continued)

14 Transactions with Trustees and connected persons

The Trustees do not receive any remuneration. 4 of the 15 Trustees who served during the year received in total £859 (compared to 9 Trustees receiving £3,903 in 2019) as reimbursement for out of pocket expenses (travel and subsistence) while carrying out the Charity’s business.

Included in both income and expenditure is £6,000 (2019: £6,000) relating to survey services gifted to the Charity by nfpSynergy, a research consultancy specialising in the not-for-profit sector, of which Joe Saxton is also a Director. These services would otherwise have been performed by Parentkind staff.

Other than the single related party transaction identified above, there were no other transactions with any persons and entities closely connected to the charity or its trustees.

15 Commitments

At 31 December 2020 the Charity had the following commitments payable relating to office equipment held under non-cancellable leases:

2020 2019
Non-cancellable operating leases which fall due as £ £
within one year - 472
two to five years - -

16 Reconciliation of net incoming/(outgoing) resources to net cash flow from operating activities

Net incoming/(outgoing) resources for the year
Depreciation
(Gains)/loss on investments
Amortisation and impairment of intangible fixed
assets
Dividends from investments
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by/(used in) operating activities		 2020
2019
£
£
109,605
1,257
14,382
12,252
(29,595)
(61,741)
-
-
(17,086)
(17,250)
(38,812)
60,644
(11,685)
(115,561)
26,809
(120,399)

17 Analysis of changes in net debt

Cash
Total		 At start of
year
Cashflows
At end of
year
£
£
£
364,133
24,869
389,002
364,133
24,869
389,002

Report and Accounts for the Year Ended 31 December 2020

31

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2020 (continued)

18 Limited by Guarantee

The Trustees are members of the Charity. Every member promises, if the Charity is dissolved while they remain a member or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the Charity while the contributor was a member. The total of such guarantees at 31 December 2020 was £15 (compared to £13 in 2019).

19 Financial instruments

Financial assets measured at fair value
Investments		 Group
Group
Charity
Charity
2020
2019
2020
2019
£
£
£
£
514,007
469,405
515,007
470,405

Report and Accounts for the Year Ended 31 December 2020

32