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2022-12-31-accounts

DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Report and Accounts for the year ended 31 December 2022

DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

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 2022

Incorporated England and Wales 2[nd] December 1998 Company Number 3680271 Charity Number 1072833 Trustees Alex Peace-Gadsby, Chair of Board Mos Somji (Left 07.12.2022) David Hatchett Pat Sowa Rob Hayter Jo Walmsley Joni Alexander (Left Jun 2022) Victoria Bacon (Joined 29.06.2022) Steve Bannister (Left Jun 2022) Elizabeth Milovidov (Joined 29.06.2022) Ellen Broome (Left Jun 2022) Steven George (Joined 29.06.2022) Amanda Shepard (Left Jun 2022) Mark Tarry (Joined 29.06.2022) Consola Evans (Joined 29.06.2022) Chief Executive John Jolly (Left Dec 2022) Jason Elsom (Became CEO Dec 2022) Company Graham Stone (Left Sep 2022) Secretary Kerry-Jane Packman (from Sep 2022 to Mar 2023) Sarah Welford (From Feb 2023) Registered Office 16 Old Queen Street London SW1H 9HP Bankers CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4TA Solicitor Cripps LLP 22 Mount Ephraim Tunbridge Wells Kent TN4 8AS Independent Saffery Champness LLP Auditors 71 Queen Victoria Street London EC4V 4BE

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Parentkind - Company Number 3680271

Report of the Trustees for the year ended 31 December 2022

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 2022, 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’s guidance on public benefit while developing plans for activities during the year.

What does Parentkind do?

In 2022 the Trustees revised its strategy to achieve Parentkind’s objectives covering activities up until 2025 and to realise its vision, mission and ambition.

Our purpose

Parentkind exists to empower all with parental or educational responsibility to improve the life chances of children, young people and their communities.

Our values

We are:

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Parentkind - Company Number 3680271

Our Strategic Objectives

Parentkind’s four strategic pillars in 2022-25 are:

1. GROWTH

In order to develop our ambitious plans for Parentkind, we need to grow as a network by attracting and retaining more PTAs to both broaden our opportunity to influence within the education system and to provide vital financial resource to support our charitable work.

The key to achieving this is through an active focus on both PTA membership recruitment and retention: continuing to develop a relevant and useful product offering and through advocating for the addition of a PTA within schools.

2. INCLUSIVITY

Equality, diversity and inclusion is at the core of all four pillars of the Parentkind strategy. Reflecting the diversity of the school community through our PTAs, our research and general parental participation in children’s education is vital if we are to have the biggest positive impact on children and young people’s lives and if we are to remain a relevant and important advocate for those with parental responsibility. To achieve this, we need to work to break down any barriers to participation and ensure that we are reaching and supporting parents in education that are most in need in the most disadvantaged areas.

3. CREDIBILITY

In order to achieve the best outcomes for children and young people, we need to ensure that we have the gravitas to be able to influence. This comes through the size of our representation (growth), being relevant (inclusivity) and ensuring that we have strong evidence to support our assertions so that we are seen as a key authority.

The key to achieving this is through leveraging our ‘industry’ knowledge and professionalism to continue to establish our credible position, using the strong evidence base that we are developing and maximising the coverage of our work.

4. COLLABORATION

In order to maximise our impact, we recognise that this will not be achieved by working alone and it is important that we work collaboratively with other stakeholders to achieve our goals. Because we are outcomes focussed, it means that we recognise that it will not always be Parentkind’s ‘name above the door’ but that we will be the influencer to affect the change that we have identified the need for.

The key to achieving this is very clearly linked to our other strategic pillars and hinges on our credibility and relevance (inclusivity and growth) as well as ensuring our policies are developed ‘open book’ and that we are establishing clearly defined plans for stakeholder engagement so that interactions with us are seen as adding value to the other parties.

Achieving Parentkind’s Strategic Goals

Consideration will now be given to each of Parentkind’s strategic goals in turn, reporting on activities and achievements against each goal so far:

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Parentkind - Company Number 3680271

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

Giving parents a voice

Parentkind has continued to regularly gather a parent voice through online polls and surveys, covering a wide range of current topics. These polls are short, giving a measure of parent views, with a potential to generate media coverage and influence policy. There is no doubt that these additions to Parentkind’s research have been a quick way to seriously inspire a large number of parents to respond and give their voice. Parentkind has built upon this through improvements to the research programme and research capability to better understand which parent groups are responding to our research. This ensured a representative range of feedback that reflects the demographics of parents across the UK.

Providing parents with resources and support

Parentkind’s support for parents in 2022 included updated and expanded information for parents on our newly launched website (launched in August 2022), including sections on Understanding Education, Home and School, Careers, Health and Wellbeing and a hub of Parent resources. We contributed to joint guidance for parents with Fastn on Talking to your Child about Relationships and Values and we hosted webinars for parents with all of the following: Ofqual on exams and grading for the 2022 exam season, Baroness Barran MBE, Parliamentary Under Secretary of State (Minister for the School System) on Ofsted’s review into sexual abuse in schools, the Independent Assessment Commission (IAC) on exam reform and Ofsted on what parents can expect from an Ofsted inspection.

----- Start of picture text -----
At 31st December 2022 At 31st December 2021 % Change
Website Session Visits 410,536 420,109 -2%
Website Unique Users 293,521 303,181 -3%
Page Views 1,395,295 1,396,281 -0.07%
Average Minutes Per Old website (Jan-Aug) 02:18 (138 seconds) +141%
Web Page 02:30 (150 seconds)
New website (Aug-Dec)
05:22 (322 seconds)
Facebook Likes 7,400 7,001 +6%
Twitter Followers 10,079 9,723 +4%
Parent E-Bulletin 22,893 23,451 -2%
----- End of picture text -----

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

PTA Membership

As of December 2022, Parentkind had 12,722 PTA members (47% of all schools in England, Wales and Northern Ireland).

----- Start of picture text -----
Year to 31 December 2022 Year to 31 December 2021 % Change
PTA Members (Year Start) 12,588 12,779 -1.5%
PTA Members – who did not 800 892 -10%
renew
PTA Members – new & 934 701 +25%
returning
PTA Members (Year End) 12,722 12,588 +1%
PTA Member Retention Rate 93.7% 93.1% +0.6%
----- End of picture text -----

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Parentkind - Company Number 3680271

Our presence in the three nations as at 31 December 2022 was as follows:

----- Start of picture text -----
PTA Members Number of Schools % Market
England 11,662 24,323 48%
Wales 652 1,494 44%
Northern Ireland 386 1,094 35%
Other 22 - -
TOTAL 12,722 26,911 47%
----- End of picture text -----

PTA membership benefits

Parentkind continued to provide high-quality support to PTA members via telephone and email despite many PTAs being out of action due to the pandemic.

At 31st December 2022 At 31st December 2021 % Change
Total Number of Enquiries 14,947 10,834 +38%
PTA Member – support via
telephone		 3,133 2,319 +35%
PTA Members – receiving e-
newsletter		 23,247 24,865 -7%

Parentkind continued the implementation and expansion of its annual ‘BIG’s’ fundraising programme including; Big PTA Walk in March, Big PTA Quiz 2022 in October and the Big PTA Raffle in the summer and Christmas. The Big PTA Cash Draw (formally known as the Big PTA Christmas Raffle) for Christmas was run under a Society Lottery license issued by the Gambling Commission working with Gatherwell Limited as External Lottery Manager, achieving a combined income for PTA members of £91,474.

In addition, Parentkind held its second National PTA Week, including workshops and awards. 150 PTA members took part across 7 workshops and the awards nominations increased to 75 entries. With ten PTAs and one volunteer winning £2,750 collectively across six award categories and one PTA winning £1,000 for PTA of the Year.

Parentkind continued to successfully work with a number of long-term and new partners to offer a wider range of exclusive benefits, to help PTA members be as effective as possible, as well as raise more money including; Easyfundraising and BOPP. Parentkind’s ongoing partnership with easyfundraising meant that in 2022, over 480 PTAs registered to use the service raising £590,795. 130 members have taken advantage of BOPP’s payment service with an exclusive 20% membership discount in 2022.

Annual PTA membership survey

The 2022 annual PTA membership survey was completed online by 530 PTA members. The key headlines are summarised below:

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Parentkind - Company Number 3680271

3. Helping schools to become more parent-friendly

Blueprint for Parent-Friendly Schools

Throughout 2022 we have continued to deliver Parentkind's online, CPD accredited training to support schools in utilising the Blueprint for Parent Friendly Schools model to embed effective parental participation strategies. Our training includes our introductory workshop "Overcoming Barriers to Parental Participation" and our two masterclasses "Successful Parent Consultation" and "A Whole School Approach". 153 delegates were trained in 2022, which includes delegates trained with our introductory workshop by the Southern Universities Network, as part of our bespoke train-the-trainer programme. Parentkind optimised its marketing of training through regular promotion and the use of a purchased list of school contacts.

In 2022 we launched our Blueprint for Parent-Friendly Schools Audit Tool, developed in partnership with Learning Ladders Education. The Audit Tool, as a free self-assessment tool, enables schools to measure the effectiveness of parental engagement measures, map plans and actions against the Blueprint, see how they score against the five key drivers and track how their school improves over time. The results signpost to resources, recommendations and next steps and enable schools to work towards optimum scores in each driver. Promotion of this tool will be ongoing to enable us to build up a response from schools and a picture of their needs and what we can do to support them further.

We were further able to promote the Blueprint and our training and resources through presentations to the Association of Education Advisers and the Education Workforce Council, Wales. We contributed information on our Blueprint and best practice on parental participation to a Careers and Enterprise Company Talking Futures toolkit to support careers leaders in schools.

Sara Gowan, our funded Master of Teaching (MTeach) student at Stranmillis University College in Belfast, has continued her course with a focus on parental engagement this year. Sara is now leading into the final part of her course and the action research project that will see her produce a Research Dissertation based on eight participating schools and their implementation of the Blueprint.

4. Developing new partnerships to reach more parents and schools

Due to the higher profile that parent polls has given Parentkind, it has collaborated on the following research projects:

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

Parentkind’s flagship research report, Parent Voice Report 2022, using a sample of 3,750 parents in England (3,000), Northern Ireland (250) and Wales (500), representative of the parent population by gender, age, region and social grade. The report covers topics on parental engagement, cost of living, mental health and wellbeing, and connecting schools with the wider community.

A set of nine potential policy recommendations were proposed based on analysis of the results, developed with input from the Centre for Education and Youth (CFEY).

Parentkind continues to work closely with a wide range of organisations, including Ofsted, Ofqual, Qualifications Wales, NEU, NAHT and ASCL. We also continued to be approached by government stakeholders, with policy leads at the Welsh Government approaching Parentkind for advice and support on consulting parents ahead of future policy changes.

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Parentkind - Company Number 3680271

This included research into the SEND Green Paper and National Tutoring Programme, joint research with the Incorporated Society of Musicians and Edge Foundation on the role of arts in the curriculum, supporting the Independent Assessment Commission in reviewing approaches to exams and collaborating with education publisher Pearson to explore parents views on equality, diversity and inclusion in the curriculum alongside their own research with teachers.

Parentkind conducted a joint piece of research with the Welsh Government, collecting input from 2,600 parents in Wales; including 654 parents of children with significant absenteeism issues. The research explores barriers to attendance, feedback on existing support mechanisms in place amongst schools and local authorities and explores parents’ opinions on what support was most effective and their suggestions for what would be helpful in the future. Findings from the research are being built into developing a new policy approach to be presented to Welsh government in Q3 2023.

Parentkind were also commissioned by Qualifications Wales to help communicate and encourage parent responses to their consultation on the ‘Full Offer’ of additional non-GCSE qualification options in addition to changes to GCSEs in the new Curriculum for Wales.

Focusing our recent parent polls on salient and topical issues has helped to raise awareness of Parentkind in the public policy space such as school attendance, exams, online safety and curriculum reform.

The All Party Parliamentary Group on Parental Participation in Education is sponsored by Parentkind and chaired by Ian Mearns MP. Meetings are increasingly well attended by both MPs and Peers and have included pressing education topics like disadvantage, the system of exams and assessment and the impact that successful PTAs have in their schools. During the year, the All-Party Parliamentary Group (APPG) has also been host to meaningful discussions involving partner organisations like the Social Mobility Commission, the National Education Union and the National Governance Association.

Parentkind works closely with an array of partners, meeting regularly with the Department for Education, Ofsted, Ofqual, teaching unions and other non-governmental groups interested in education. Parentkind recognises the importance of these relationships as we strive to amplify the voices of paparents’ voices in policy debates.

During 2022, Parentkind responded to seventeen policy consultations across England. These consultations covered topics including:

Parentkind works across three nations, England, Wales and Northern Ireland and seeks to amplify the voices and views of parents in each of these nations.

In Wales, Parentkind engages regularly with politicians and other key stakeholders, particularly on the back of polling that the charity has carried out. These engagements include one-to-one meetings with politicians, civil servants and senior figures from other parenting focussed charities and campaigns. In 2022, our engagement has tended to focus on proposed policy changes, including reforms to assessments, school admissions and school uniform.

In Northern Ireland, Parentkind continues to gain momentum with MLAs and partner organisations, including interaction with the All-Party Group on Parental Participation in Education. Parentkind has regular contact with decision-makers and policy professionals in Northern Ireland, particularly during the recent

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Parentkind - Company Number 3680271

period where no executive has been formed. Parentkind, through partnership working, retains a presence in Northern Ireland and a commitment to families living there.

Financial Review

Income

Total incoming resources for the year amounted to £1.501m (£1.469m in 2021).

Funding was primarily from PTA membership, which provided £1.361m (£1.298m in 2021).

The Charity’s wholly-owned trading subsidiary Parentkind Enterprises Limited (PEL) continued to trade satisfactorily and income from commercial was £124k (£149k in 2020).

In this period, PEL donated £30k (£53k in 2021) under Gift Aid to the Charity, representing a reduction of £23k from the prior year.

The Charity received an income of £10,571 related to training workshops provided to enhance parental reach into schools as part of our wider school programme (£11,302 in 2021). This represents a decrease from the prior year of 6%.

Investment income for the period was £17k (£16k in 2021). At 31 December 2022, the investment was valued at £511k (£566k in 2021) due to the turbulent financial market.

The only form of direct fundraising undertaken by Parentkind during the year was through our Big PTA Raffles. The purpose of the raffles was primarily to raise funds on behalf of our PTA members. The Big PTA Cash Draw is operated under our subsidiary, PEL, with a full regulatory Lottery Licence (no. 57904) issued by the Gambling Commission and run on our behalf by Gatherwell, a reputable External Lottery Manager certified by the Gambling Commission. ParentKind meets with Gatherwell periodically to review their performance and operation of the raffles.

Gatherwell provides safeguarding for vulnerable individuals in line with the guidance from the Gambling Commission and supports BeGambleAware financially to keep people safe from gambling harms. ParentKind provides a link to BeGambleAware.org website to provide support to vulnerable individuals. We have not received any complaints from the players during the year.

The Big PTA Raffles raised £91k for PTAs and £6k for the charity, incurring £2k of expenditure.

Expenditure

Total expenditure for the year amounted to £1.823m (£1.527m in 2021), an increase of £296k: 19.4%. This has been mainly due to a 16% increase in staff number, turnover of senior staff, and pay increase responding to inflation pressure.

The net result of the Charity was a deficit of £392k for the year ended 31 December 2022 (£20k deficit in 2021).

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.

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Parentkind - Company Number 3680271

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 2022 is £450k of which at least 20% should be held as cash. The group held cash of £83k at 31 December 2022 (£289k in 2021). The cash level was below the reserves policy, but the board accepted this as a temporary position and did not draw down from the endowment investment. The Board will review our reserves and investment strategies in 2023.

Additionally, Parentkind owns the land and building at 39 Shipbourne Road, Tonbridge, TN10 3DS.

The balance held in unrestricted funds (excluding tangible and intangible fixed assets) was £337k at 31 December 2022 (£779k in 2021).

The net current liabilities position at year-end has been mainly due to a higher level of deferred membership income and the deficit in the year. The Charity has accepted this position by not drawing down from its investment at year-end to increase its cash. The charity has taken steps to address this position, as outlined in the Future Plans section.

Investment policy and performance

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

At 31 December 2022, in addition to the funds invested with Sarasin & Partners LLP, the Charity held cash deposit in CAF.

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Parentkind - Company Number 3680271

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.

All new Trustee positions are advertised publicly to ensure a diverse board with the right mix of skills is appointed. 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 15 to the accounts.

Day-to-day management of the Charity is delegated to the Chief Executive, who manages a team of 32 staff (29.2 full-time equivalent).

Board Structure and Trustee Development

The Board meets four times per year. To improve inclusivity, the Board decided to dispense the subcommittees. A linked trustee structure was set up as follows:

Overall Trustee attendance at Board meetings was 84% over the period.

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 Board of Trustees. This year, the top risks have been:

Staff and trustees have worked closely together in 2022 to mitigate these risks. Financial risks are mitigated by regularly reviewing our financial position through management accounts, and conducting bi-annual forecasting and scenario planning. Our new CEO has started working to diversify our income and has focussed on providing members with a relevant membership offer, including fundraising support, together with close scrutiny of our expenditure to improve financial sustainability.

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Parentkind - Company Number 3680271

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 2023 we plan to focus further on strengthening our PTA membership, ensuring it remains relevant to our members. We are enhancing our PTA membership’s benefits with the launch of the PTA Extra magazine, support in Fundraising, and an improved lottery facility. We are launching our parent and school programmes with webinars and training to improve the engagement of parents with schools. We are increasing our influence on policymakers in preparation for the forthcoming election. Our new Director of Fundraising will raise funds for the charity and the PTA’s by identifying opportunities to fundraise collectively instead of by individual PTA. We continue to restructure our teams and review our suppliers to ensure that we are more effective, efficient and economical in delivering our mission.

The Charity plans to restructure in 2023 to improve its effectiveness and financial sustainability.

Post-year-end as the charity adopted a fully remote working policy leading to the office premises being vacated. The board is looking to dispose of the premises to release resources to increase our impact.

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Parentkind - Company Number 3680271

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 to prevent and detect 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)

Mark Tarry (Treasurer)

16[th] August 2023

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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 2022 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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Parentkind - Company Number 3680271

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.

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DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

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: 18 August 2023

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 2022

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DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Consolidated Statement of Financial Activities for the year ended 31 December 2022

(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 (losses)/gains on investments
10
Net (expenditure)/income for the year
Transfer between funds
14
Net movement in funds
Total funds brought forward 1 January
14
Total funds carried forward 31 December
14		 Unrestricted Restricted
Total funds
Total funds
funds
funds
2022
2021
£
£
£
£
1,360,809 -
1,360,809
1,297,979
123,731 -
123,731
149,250
16,874 -
16,874
15,988
- - -
6,000
1,501,414 -
1,501,414
1,469,217
(1,731,510) -
(1,731,510)
(1,430,946)
(91,966) -
(91,966)
(95,757)
(1,823,476) -
(1,823,476)
(1,526,703)
(69,925)
-
(69,925)
37,436
(391,987) -
(391,987)
(20,050)
-
-
-
-
(391,987) -
(391,987)
(20,050)
1,208,256 -
1,208,256
1,228,306
816,269 -
816,269
1,208,256

All activities for the years ended 31 December 2022 and 2021 relate to continuing operations and all income and expenditure was unrestricted.

Report and Accounts for the Year Ended 31 December 2022

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DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Consolidated and Charity Balance Sheets as at 31 December 2022

Note
Fixed assets
Tangible assets
8
Intangible assets
9
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Cash on deposit
Creditors: amounts falling due within one
year
12
Net current (liabilities) / assets
Total net assets
Funds of the Charity
Total funds (unrestricted)
14		 Group
Group
Charity
Charity
2022
2021
2022
2021
£
£
£
£
377,045
384,465
377,045
384,465
101,895
44,693
101,895
44,693
510,870
566,220
511,870
567,220
989,810
995,378
990,810
996,378
168,180
169,206
159,519
294,689
82,279
177,209
75,847
50,726
671
112,140
671
112,140
251,130
458,555
236,037
457,555
(424,671)
(245,677)
(410,578)
(245,677)
(173,541)
212,878
(174,541)
211,878
816,2691,208,256
816,269
1,208,256
816,2691,208,256
816,269
1,208,256

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 - £391,987 (£20,050 in 2021).

The financial statements on pages 19 to 30 were approved and authorised for issue by the Board of Trustees on 16th August 2023 and signed on its behalf by:

Alex Peace-Gadsby Chair of the Board

Mark Tarry Treasurer

Report and Accounts for the Year Ended 31 December 2022

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DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Consolidated Cash Flow Statement for the year ended 31 December 2022

Group Group
Note 2022 2021
£ £
Net cash (used in) / provided by operating activities 17 (139,869) (46,039)
Cash flows from investing activities:
Dividends from investments and interest 16,874 15,988
Purchase of tangible fixed assets (6,279) (10,132)
Purchase of intangible fixed assets (62,563) (44,693)
Purchase of investments - (14,845)
Proceeds from the sale of investments - -
Net cash (used)/provided by investing activities (51,968) (53,682)
Change in cash and cash equivalents during year (191,837) (99,721)
Cash and cash equivalents at start of year 293,046 392,767
Cash and cash equivalents at end of year 101,209 293,046

Report and Accounts for the Year Ended 31 December 2022

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DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2022

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 the Charity’s has the ability to continue as a going concern. Although 2022 has been a challenging year with the inflationary challenges and key staff movement, the Trustees are confident with the new leadership team to ensure the charity's financial sustainability as outlined in the Trustees' report. The trustees have based their going concern assessment on the cashflow forecast extending to July 2024. The trustees acknowledge that despite the deficit in the year and the net current liabilities, the trustees expect to return to profitability in 2023.

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.

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 69% (2021: 74.2%) PR, policy and research 31% (2021: 25.8%)

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.

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DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2022 (Continued)

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 Office equipment 33% on cost Furniture, fixtures and fittings 20% on cost

Intangible fixed assets

Expenditure on the acquisition of intangible fixed assets costing more than £1,000 where it is probable that the asset will generate future economic benefit, and the cost or value of the asset can be measured reliably, are capitalised at cost. Amortisation is provided to write off the cost or valuation, less estimated residual values, of intangible fixed assets calculated at the following rates: Website build costs 20% on cost

Following the completion of the website, there has been a review of the useful economic life extending it from three years to five with the continuous improvement cost written off in year.

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.

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.

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DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2022 (Continued)

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.

2022 2021
£ £
Members’ subscriptions 1,395,023 1,332,286
Discounts allowed (56,675) (55,705)
Members’ subscriptions (after discounts) 1,338,348 1,276,581
Training 10,571 11,302
CJRS + Kickstarters 11,890 10,096
Total charitable activities 1,360,809 1,297,979
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.
The summary financial performance of the subsidiary alone is:
Commercial activities 2022
£
123,731		 2021
£
149,250
Cost of sales and administration costs (91,966) (95,757)
Net profit 31,765 53,493
Payment made via Gift Aid to the Charity (31,765) (53,493)
Retained in subsidiary - -
Current assets 55,007 160,110
Current liabilities (54,007) (159,110)
Total net assets 1,000 1,000
Aggregate share capital and reserves 1,000 1,000

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.

The summary financial performance of the subsidiary alone is:

Report and Accounts for the Year Ended 31 December 2022

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DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2022 (Continued)

4 Analysis of charitable activities
2022		 Staff
costs		 Other direct
costs		 Governance &
support costs
(see note 4a)		 Total
2022
£ £ £ £
Membership services
 772,776 252,196 160,774 1,185,746
PR, policy & research
 358,115 114,604 73,045 545,764
Total resources expended
 1,130,891 366,800 233,819 1,731,510
Analysis of charitable activities
2021
Membership services

PR, policy & research
 Staff
costs
£
621,792
265,310		 Other direct
costs
£
246,186
81,588		 Governance &
support costs
(see note 4b)
£
156,287
59,783		 Total
2021
£
1,024,265
406,681
Total resources expended
 887,102 327,774 216,070 1,430,946
4a. Legal & professional fees
Staff training
Premises costs
IT and communications
General office
Audit fees
Analysis of governance and support costs
2022
Meeting costs – venue hire, travel and catering		 General
support
£
40,935
19,367
10,278
24,945
53,817
13,775
-		 Governance
function
£
13,498
6,387
3,390
8,227
17,748
4,543
16,909		 Total
2022
£
54,433
25,754
13,668
33,172
71,565
18,318
16,909
Total governance and support costs 163,117 70,702 233,819
Legal & professional fees
Staff training
Premises costs
IT and communications
General office
Audit fees
Analysis of governance and support costs
2021
Meeting costs – venue hire, travel and catering		 General
support
£
42,025
12,050
10,372
27,039
52,843
14,978
-		 Governance
function
£
10,333
3,456
2,975
7,756
15,157
4,296
12,790		 Total
2021
£
52,358
15,506
13,347
34,795
68,000
19,274
12,790
Total governance and support costs 159,307 56,763 216,070

Report and Accounts for the Year Ended 31 December 2022

25

DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2022 (Continued)

Included in total expenditure is the following:

Total expenditure
Included in total expenditure is the following:
2022 2021
£ £
Audit fee 16,909 12,790
Depreciation 13,699 13,472

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 32 (compared to 27 in 2021) and the monthly average Full-Time Equivalent was 29 (compared to 25 in 2021) whose total remuneration was:

Salaries and wages
Social security costs
Pension costs
£60,000 - £70,000
£80,000 - £90,000		 2022
2021
£
£
1,041,791
832,374
93,168
69,657
69,017
55,533
1,203,976
957,564
2022
2021
1
-
1
1

The key management personnel of both the Charity and the group comprise the Trustees and the Executive Team. The Trustees are not remunerated. During 2022, we had three members of the Executive Team – the Chief Executive Officer (CEO), the Executive Director of Corporate Services (EDoCS) and the Executive Director of Programmes, Membership and Charitable Services (EDoPMCS). Jon Jolly resigned as the CEO and was replaced by Jason Elsom. Graham Stone resigned as the EDoCS and was replaced by Dean Daniels as the interim EDoCS. The total employee benefits of the key management personnel, including employer’s national insurance contributions and pension contributions in 2022, were £266,918 (compared to £232,839 in 2021).

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 37 (2021: 29).

Redundancy Costs

During the financial year, the charity incurred redundancy costs as part of its restructuring and costsaving measures. The total redundancy costs amounted to £14,114 (Nil in 2021).

Report and Accounts for the Year Ended 31 December 2022

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DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2022 (Continued)

8
Tangible fixed assets (Group and Charity)
Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for year
Disposals
At 31 December 2022
Net book value
31 December 2022
31 December 2021
9
Intangible fixed assets (Group and Charity)
Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Amortisation
At 1 January 2022
Charge for year
Disposals
At 31 December 2022
Net book value
31 December 2022
31 December 2021		 Freehold
property
Furniture,
equipment,
fixtures & fittings
Total
£
£
£
456,559
39,502
496,061
-
6,279
6,279
- - -
456,559
45,781
502,340
86,023
25,573
111,596
5,581
8,118
13,699
- - -
91,604
33,691
125,295
364,955
12,090
377,045
370,536
13,929
384,465
Website
Total
£
£
44,693
44,693
62,563
62,563
- -
107,256
107,256
- -
5,361
5,361
- -
5,361
5,361
101,895
101,895
44,693
44,693

Report and Accounts for the Year Ended 31 December 2022

27

DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2022 (Continued)

10
Fixed asset investments
Market value
At 1 January 2022
Additions
Change in cash held by investment manager
Net gains/(losses) on investments
31 December 2022
Historic cost		 Group
2022
Group
2021
Charity
2022
Charity
2021
£
£
£
£
566,220
514,007
567,220
515,007
-
-
-
-
14,575
14,777
14,575
14,777
(69,925)
37,436
(69,925)
37,436
510,870
566,220
511,870
567,220
472,671
458,096
522,671
459,096

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 2022 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.

11
Debtors
Amounts falling due within one year
Trade debtors
Balances due from subsidiary
Amount due from subsidiary under Gift Aid
Value added tax receivable
Prepayments and accrued income
12
Creditors
Amounts falling due within one year
Trade creditors
Membership subscriptions paid in advance
Accruals & deferred income
Other taxation and social security		 Group
Group
Charity
Charity
2022
2021
2022
2021
£
£
£
£
39,225
10,400
71
431
--
825
93,638
--
29,668
53,494
5,273
23,676
5,273
35,654
123,682
135,130
123,682
111,472
168,180
169,206
159,519
294,689
Group
Group
Charity
Charity
2022
2021
2022
2021
£
£
£
£
147,081
42,673
147,081
42,673
205,255
167,788
205,255
167,788
19,631
15,139
19,630
15,139
52,704
20,078
38,612
20,078
424,671
245,678
410,578
245,678

Report and Accounts for the Year Ended 31 December 2022

28

DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2022 (Continued)

13 Membership subscriptions paid in advance

2022 2021
£ £
Balance at 1 January 167,788 144,783
Amount released to income earned from charitable activities (167,788) (144,783)
Amount deferred in year 205,255 167,788
Balance at 31 December 205,255 167,788
14 Analysis of charitable funds
a) Analysis of group net assets between funds
Investments
Tangible fixed assets
Intangible fixed assets
Cash
Other net current assets/(liabilities)		 Total and
unrestricted
2022
£
510,870
377,045
101,895
82,950
(256,491)		 Total and
unrestricted
2021
£
566,220
384,465
44,693
289,349
(76,471)
At 31 December 816,269 1,208,256
b) Analysis of unrestricted funds
At 1 January 2021
Allocation of designated funds
Net movement in funds		 General
fund Website fund
£
£
840,501 -
(100,000)
100,000
27,983
(44,693)		 Fixed Asset
fund
£
387,805
(3,340)		 Total
£
1,228,306
(20,050)
At 31 December 2021 768,484
55,307		 384,465 1,208,256
At 1 January 2022
Allocation of designated funds
Net movement in funds		 768,484
55,307
(46,588)
46,588
(282,672)
(101,895)		 384,465
-
(7,420)		 1,208,256
-
(391,987)
At 31 December 2022 439,224 - 377,045 816,269

The unrestricted funds relate to free reserves, subject to designated funds, available to spend on any purpose of the Charity. The designated fixed asset fund is equivalent to the net book value of our tangible fixed assets.

15 Related Party Transactions

The Trustees do not receive any remuneration. 3 of the 15 Trustees who served during the year received in total £554 (compared to 5 Trustees receiving £449 in 2021) as reimbursement for out of pocket expenses (travel and subsistence) while carrying out the Charity’s business.

During the financial year, the Charity provided staffing support to its subsidiary, ParentKind Enterprises Ltd (PEL), to the value of £84,634 (£89,179 in 2021) which was recharged to the subsidiary. The gift aid payment from the subsidiary is disclosed in note 3. The amounts due from PEL at the year end are shown in note 11. 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.

Report and Accounts for the Year Ended 31 December 2022

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DocuSign Envelope ID: C40593B8-03A1-4CEC-A2DE-1851A4D6CFDF

Parentkind - Company Number 3680271

Notes to the Financial Statements for year ended 31 December 2022 (Continued)

16 Commitments

At 31 December 2022 the Charity had no commitments payable under non-cancellable leases.

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

Net (outgoing) / incoming resources for the year
Depreciation
Loss / (Gains) on investments
Dividends from investments
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash (used in) / provided by operating activities
18
Analysis of changes in net debt
Cash
Cash held with investment manager
Total
Amortisation and impairment of intangible fixed assets		 2022
2021
£
£
(391,987)
(20,050)
13,699
13,472
69,925
(37,436)
5,361
-
(16,874)
(15,988)
1,026
14,978
178,981
(1,015)
(139,869)
(46,039)
At start of
year Cashflows
At end of
year
£
£
£
289,349 (206,399)
82,950
3,697
14,562
18,259
293,046 (191,837)
101,209

19 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 2022 was £10 (£10 in 2021).

20
Financial instruments
Financial assets measured at fair value
Investments		 Group
Group
Charity
Charity
2022
2021
2022
2021
£
£
£
£
510,870
566,220511,870
567,220

Report and Accounts for the Year Ended 31 December 2022

30