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2021-03-31-accounts

OXFORD PARENT-INFANT PROJECT

(Limited by Guarantee) Company Number: 5410167

REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

oxpip.org.uk

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Oxford Parent-Infant Project (OXPIP)

CONTENTS

Reference and Administrative Details of The Charity ..…………………………………………. 3 Charity Objectives and Activities …………………………………………………………………...6 Achievements and Performance 2020-2021……………………………………………………. 12 Structure, Governance and Management ………………………………………………………. 18 Financial Review …………………………………………………………………………………… 20 Independent Auditor’s Report …………………………………………………………………….. 22 Statement of Financial Activities …………………………………………………………………. 23 Balance Sheet ……………………………………………………………………………………… 24 Notes to the Financial Statements ……………………………………………………………….. 25

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Oxford Parent-Infant Project (OXPIP)

REFERENCE AND ADMINISTRATIVE DETAILS OF CHARITY

Registered Name: Oxford Parent-Infant Project Company Number: 5410167 Registered Charity Number: 1109956 Date of Incorporation: 1 April 2005 Registered Office and Operational Address: Suite J, The Kidlington Centre High Street Kidlington Oxford OX5 2DL Trustees at Year End Robert Kenny Chairperson from November 2020 Jane King Treasurer, Appointed November 2020 Anne Burns Shamus Donald Susanna Graham-Jones Dr Jessica Gibson Appointed September 2020 Lawrence Judd Kathy Peto Fiona Steel Anne Willcocks Elisabeth Willmott CEO, Clinical Director: Helen Callaghan Secretary: In accordance with the Companies Act it is no longer necessary to have a Company Secretary and none has been appointed.

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Oxford Parent-Infant Project (OXPIP)

Bankers: The Co-operative Bank plc PO Box 101 1 Balloon Street Manchester M60 4EP Lloyds Bank plc 25 Gresham St London EC2V 7HN COIF Charity Funds Senator House 85 Queen Victoria Street London EC4V 4ET Independent Examiner: SPX Oxford Ltd. Peace House 19 Paradise Street Oxford OX1 1LD

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Oxford Parent-Infant Project (OXPIP)

TRUSTEES’ REPORT

The Trustees present their report and accounts for the year ended 31 March 2021.

The accounts have been prepared in accordance with accounting policies set out in Note 1 to the accounts and comply with the charity’s Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).

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Oxford Parent-Infant Project (OXPIP)

CHARITY OBJECTIVES AND ACTIVITIES

Oxford Parent-Infant Project (OXPIP) specialises in the field of parent-infant psychotherapy and family support. Our therapeutic work involves working with the baby and the parents, many of whom have complex mental health difficulties and need parent-infant therapy work to enable them to build closer loving relationships at the start of life. With one million connections forming in a baby’s brain every minute for the first eighteen months, this is a critical window of opportunity to offer support and to bring about positive change that will improve a child's social and emotional development, readiness for school, resilience, likelihood of academic success in adolescence, and the capacity to make longlasting relationships in adulthood.

We offer specialist therapeutic support, from conception to two years, for babies and parents who need assistance to establish and build close and nurturing relationships. We also work with professionals, policy makers and the public to build awareness, support, professional training and services for parent-infant attachment, infant mental health, and perinatal mental health.

Our clients are referred to us via GPs, Midwives, Health Visitors and Early Years Professionals, or come to us via self-referrals. We support disadvantaged and hard-to-reach families, and those with ongoing and new mental health issues who struggle to sustain a positive relationship with their baby and to develop their parenting skills. Over the past twenty years, OXPIP has helped parents and their babies to build close and loving relationships from the start of life. OXPIP’s vision is to contribute to a more responsible and empathetic society, through an intensive focus on positive early relationships and emotional wellbeing.

The OXPIP Team

As of March 2021, OXPIP has nine employed staff, equivalent to six full-time equivalent posts. ParentInfant Therapy services and our professional training provision are delivered by our highly experienced team of specialist Parent-Infant Therapists, supported by regular Freelance Specialist Therapists (currently five), and a wider pool of Therapists/Trainers associated with OXPIP (and available for occasional projects). Parent-Infant Therapy projects, our Professional Training Programmes and Business Management are managed via specialist staff in our team.

Our Objectives

The company is a registered charity and our objectives, as set out in the Memorandum and Articles of Association (updated January 2019), are:

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Oxford Parent-Infant Project (OXPIP)

To meet these objectives, OXPIP aims:

Core Values

Core Competencies

Equality, Diversity & Inclusion

OXPIP believes that equality of opportunity and freedom from discrimination are fundamental rights of all people. We recognise that discrimination, prejudice, and disadvantage exist in society and acknowledge that we have a duty to address these issues whenever possible.

OXPIP is committed to promoting equality and valuing diversity by providing services that are accessible to all families of all backgrounds and cultures. We respect and celebrate difference and will promote the principles of understanding and respect for others.

OXPIP does not accept discrimination based on any of the nine protected characteristics of equality and diversity - age, disability, gender reassignment, marriage and civil partnerships, pregnancy and

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Oxford Parent-Infant Project (OXPIP)

maternity, race, religion and belief, sex, and sexual orientation. OXPIP ensures that its policies, practices, and procedures do not discriminate on these grounds.

Our Activities

OXPIP is a pioneer in parent-infant psychotherapy in the UK. Founded in 1998 (incorporated in 2005), we support parents in Oxfordshire and surrounding areas who are struggling to form a secure attachment to their baby. We work with parents and infants from conception, up to the age of two, often the mother, but also with fathers and other carers of the infant. OXPIP provides two main services to the community: parent-infant psychotherapy and professional training courses.

Parent-Infant Psychotherapy

Our parent-infant psychotherapy is offered in two ways:

Parent-Infant Therapy is a specialist area of psychotherapy not provided extensively by the NHS in Oxfordshire. OXPIP works with families who experience mild to severe symptoms of anxiety and depression (including those with complex mental health needs) which may influence their relationship with their babies & young children; and is open to all. Parent-Infant Therapy enables families to become stronger and to help their children to develop into happier, more emotionally resilient adults.

We work closely with GPs, Health Visitors and Early Years workers, who are familiar with our therapeutic approach. Health and Early Years professionals work with new mothers and fathers and are best placed to identify families that are struggling with the parent-infant relationship. They discuss the specialist support OXPIP can provide with these families to enable them to work towards improving this relationship for the benefit of their family, and they then start the referral process.

OXPIP’s Clinical Director assesses all new referrals prior to any Parent-Infant Therapy sessions starting, to understand individual issues a family may be facing that affect the parent-infant relationship. The Parent-Infant Therapy process, together with what the sessions will involve is explained to the client, who then starts their therapy work and attends sessions with their baby/toddler, for a recommended minimum of six weeks.

In this way OXPIP’s Parent-Infant Therapy work extends the work of GPs, Health and Early Years Workers, and together we seek to secure the best outcome for our client families. These links, together with those at Health and Family Centres in Oxfordshire, where our OXPIP Projects are based, enable us to strengthen and optimise the links we already have in the community which not only help us to develop our OXPIP projects, but also help us to build community partnerships with other interested groups in the Oxfordshire community and to facilitate dynamic new initiatives and joint projects.

OXPIP clinicians are highly qualified therapists whose work is underpinned by psychoanalytic and psychodynamic thinking. They draw on a wide range of interventions including Video-Interaction

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Oxford Parent-Infant Project (OXPIP)

Guidance, Video-feedback[1] and Watch Wait and Wonder[2,3] . Our clinical team comprises professionals who have a recognised professional clinical registration in a range of psychotherapeutic disciplines. Many were previously social workers, health visitors or midwives. Most of our current team are graduates from OXPIP's Parent-Infant Therapist Diploma or Associate Programmes (OXPIP’s professional training offer).

There is strong evidence of the benefits of OXPIP’s work with positive impacts for individuals, families, and the wider community. Parent-infant psychotherapy, a form of early intervention, considers the emotional health of the infant as well as that of the parent. From pre-birth to two years the baby’s brain grows at a phenomenal rate and interactions with adults are key to healthy development. By working on the relationship between parent and child, during the formative stages of brain development, many future problems can be prevented. These benefits impact on both current and future siblings from families seeing OXPIP, resulting in stronger families as well as children developing into happier, more emotionally resilient adults. There is considerable evidence of the economic benefits of early interventions such as a reduction in demand for statutory health and social care provision, as well as the development of a happier society. Research shows that for every £1 spent on this type of early preventative work £9 is saved on future interventions[4] . There is also a direct link between attachment and readiness for school[5] .

Parent-Infant Psychotherapy Assessment Tools

OXPIP uses nationally recognised assessment tools to monitor and evaluate our work:

Parent-Infant Psychotherapy Professional Training

OXPIP is a highly regarded provider of specialist Parent-Infant Therapy training. We offer professional training programmes to train the next generation of Parent-Infant Therapists, and to share our knowledge of attachment with Early Years professionals. Our training leads to accreditation with the Association for Psychodynamic Practice and Counselling in Organisational Settings (APPCIOS).

Our training is focused on two main groups:

1 Velderman et al (2006b) Preventing preschool externalising behaviour problems through video feedback intervention in infancy. Infant Mental Health 27 466 – 493.

2 Cohen, N., Muir, E., et al. (1999) WWW: testing the effectiveness of a new approach to mother infant psychotherapy. Infant Mental Health Journal, 20, 429451.

Cohen, N. J., Lojkasek, M., Muir, E., Muir, R. & Parker, R. (2002) Six-month follow-up of two mother infant psychotherapies: convergence of therapeutic outcomes. Infant Mental Health Journal, 23, 361-380.

3 Zilibowitz, M. (2010). Watch, wait & wonder . Haymarket, N.S.W., Good Beginnings Australia.

4 Conception to Age 2 – the age of opportunity The Wave Trust 2013 available to download at https://www.wavetrust.org/conception-to-age-2-the-age-ofopportunity

5 https://www.bathspa.ac.uk/projects/attachment-aware-schools/attachment-in-school/.

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Oxford Parent-Infant Project (OXPIP)

OXPIP’s Parent-Infant Therapy Training Programme has an established national and international profile.

Short Training Courses

OXPIP’s programme of specialist one and two-day courses is much in demand with Early Years, Social Care and Health professionals. The courses enable practitioners to understand attachment and infant mental health and to apply this understanding in their day-to-day work. Courses include:

Extended Training Courses

To train new Parent-Infant Therapists, OXPIP delivers APPCIOS-approved programmes:

And OXPIP’s:

OXPIP Public Lecture Series and External Presentations

OXPIP hosts an Oxford Lecture Programme throughout the year. These lectures are delivered by local and national experts in Parent-Infant Therapy and are attended by professionals from around the world.

Consultancy

OXPIP is commissioned through several bodies to deliver specialist training and consultancy for professional teams and individual practitioners. Supported by The Step Change Fund funding, this area of our work has grown significantly, with increasing interest from health and local authority training commissioners.

Partnerships

OXPIP continues to be actively involved in both local and national partnerships:

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Oxford Parent-Infant Project (OXPIP)

OXPIP continually reviews its parent-infant work through a range of activities. The Clinical Director and Senior Management Team regularly meet to review all client, Parent-Infant Therapist and healthcare professional feedback, and feedback on OXPIP from the Clinical Director’s meetings with professional groups to determine whether any changes to therapy content or therapy delivery should be piloted. A valuable context for this decision-making process is OXPIP’s membership of ParentInfant Therapy affiliated national groups to which OXPIP’s information provides input. Feedback from these groups indicates trends and potential changes to improve Parent-Infant Therapy provision nationally to communities, which in turn can inform OXPIP's decisions for Parent-Infant Therapy provision in Oxfordshire.

In this way OXPIP collates and reviews multiple sources of evaluation feedback from within and outside its own community which enhances OXPIP’s provision in Oxfordshire.

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Oxford Parent-Infant Project (OXPIP)

ACHIEVEMENTS AND PERFORMANCE 2020-2021

OXPIP currently delivers Parent-Infant Therapy to families via several project hubs in Oxfordshire:

These projects are funded by trusts and grants that OXPIP secures via bid applications, philanthropic private donors, and by donations from the charity’s fundraising activities. OXPIP is a small charity which continually reviews and aims to organically enhance its operations and therapeutic service provision, to ensure that return on funding investment is optimised and best operational efficiencies are achieved.

The Impact of COVID-19 on Our Funding and Working Practices 2020-2021

At the end of our last financial year in March 2020, we were at the start of the COVID-19 Lockdown and its associated social restrictions. In response to this crisis, OXPIP’s operations and therapy delivery transitioned to digital remote working. Since that time, the need for our work has increased significantly due to COVID-19 related mental health difficulties in parents, issues of bereavement and loss, and the impact that this is having on their babies. While remote therapy has had its challenges, thanks to a robust effort by our team, it has been possible to provide ongoing Parent-Infant Therapy to our clients in parent-infant dyads and in groups. OXPIP continually reviews its therapy provision to meet the evolving needs of our clients, and we now offer blended face-to-face and online therapy delivery, meeting the fluctuating demands of varying social restrictions.

In response to COVID-19, several of OXPIP’s large professional training commissions were postponed or cancelled. We invested management time in adapting our training for online delivery and as a result have seen sustained uptake in professional training delivery over the past year.

The economic and funding impact of the COVID-19 pandemic caused several funders to pause or change grant-making. Due to the end of several project funds in 2020, OXPIP saw a reduction in funding and needed to secure new short- and long-term funding streams to be able to sustain ongoing projects when funding for these projects was not renewed. We successfully secured emergency COVID-19 funding from The National Lottery Community Fund and received new funding from other donors. We are very grateful to donors for their continuing support for OXPIP during a challenging time for the charity sector.

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Oxford Parent-Infant Project (OXPIP)

Parent-Infant Therapy Delivery

In 2020-2021, 245 clients were referred to OXPIP for Parent-Infant Therapy, of which 232 clients (209 families) went on to access direct individual therapy (with 523 beneficiaries). These numbers reflect a high level of client engagement. OXPIP offered 2,430 Parent-Infant Therapy session to clients in this period, which represents an increase of 27% on sessions delivered in 2019-2020 (1,921 sessions).

Our experience over the past year is that some clients initially did not want to engage on Zoom (this provision was first introduced at the onset of the COVID-19 pandemic to sustain ongoing Parent-Infant Therapy delivery), but then as the pandemic continued, they changed their minds. Others did not have childcare arrangements in place for siblings, so were unable to engage appropriately with the therapy sessions. For some, where there were issues in the couple relationship, they were unable to find a confidential place within the home. In these cases alternative provision was sought.

Our evaluation of the impact of our therapy work for families, continues to show positive outcomes. In all families where PIRGAS (Parent Infant Relationship Global Assessment Scale) measurements were taken at both the start and end of a programme of Parent-Infant Therapy, 93% of clients showed an improvement in the quality of their parent-infant relationship. In families where the HADS (Hospital Anxiety and Depression Scale) scale of anxiety and/or depression was used, 89% showed an improvement in one, or both, of the anxiety and depression evaluations.

All parents accessing OXPIP support are offered the opportunity to feedback their experiences of the services they have received. Our analysis of 89 client feedback forms in 2020-2021 showed that 100% felt OXPIP’s service had been helpful to them in some way, and 61% of these respondents felt the service had been “very helpful” to them.

Here is some feedback from families who completed their Parent-Infant Therapy in 2020-2021:

“OXPIP has helped me have a better understanding of my own feelings and relationships with others close to me. It has helped me to uncover issues that I may have never thought of as issues, but they have been quite deep seated and since discussing them I have definitely felt I have turned a corner. Since having my daughter and working with OXPIP, I feel that I have a sense of purpose again and my relationship with her is good and although going through difficult times with COVID, I have looked at it as a positive to be able to understand and bond with my daughter. The bond I have made so far, has made me feel more confident as a mum and I am able to think about things in a different light rather than from my own perspective.’’

‘’Before I started OXPIP sessions, I felt very detached from my baby. I associated him with lots of difficult things that had happened to me since his birth; even though they were not really anything to do with him. I found it difficult to see his perspective as a child and how I was supporting him as a mother. I felt frustrated at him for needing me as I needed support myself. I was feeling very low about this and other circumstances in my life. OXPIP helped me to see and understand my important role as a mother and that little things that I brushed off as everyday actions were really important to his sense of self and well-being. I now see how my role is to help him through his life and just be there for him and how important that is. Having someone listen to me without judgement really helped me to see patterns and issues with my own behaviour and how they are preventing and hindering me from being content with my life and my baby.’’

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Oxford Parent-Infant Project (OXPIP)

‘‘After an anxious pregnancy, traumatic labour, and a difficult start to motherhood due to Post Natal Depression, I decided to self-refer to OXPIP in October 2020 and when my son turned 8 months old that I got an email offering an initial virtual conversation. I felt nervous about meeting via Zoom and worried about speaking about my feelings to a stranger. I needn't have worried, my therapist was so down to earth, she listened, she understood, and she made me feel so comfortable. Following this initial conversation, I began virtual Parent-Infant Therapy via Zoom which involved my son. I was so apprehensive about how it would work and how my son would engage, but it worked brilliantly to the point where he would recognise the therapist’s face and voice when I switched on the laptop, smiling away to her. I have completed 12 weeks of weekly therapy and my therapist has helped me to respond to my son's needs, find solutions to specific behaviour and understand my feelings. She has provided me with a safe space to talk freely and provided wisdom and encouragement to enable me to see the positive impact the therapy was having on my relationship with my son, allowing me to look forward to each session. Prior to OXPIP I would use very negative words to describe my son but now they couldn't be any more positive. He is happy, content and loving. We still have challenging times, but they don't have a negative impact on me anymore, I understand how to cope with them and this in turn has a positive impact on my son. Our relationship has certainly been repaired’’.

Professional Training Delivery

To meet training delivery needs in the COVID-19 pandemic environment, OXPIP adapted its face-toface training to online training which has been very well received.

Short Training Courses

Our ‘Attachment Theory’ and ‘Watch, Wait and Wonder’ courses were delivered online and attended by 107 individuals 2020-2021 (compared to 97 attendees in 2019-2020). This was despite a six-month period from April-September when all training delivery was cancelled due to the impact of COVID-19. The Assessing Parent-Infant Relationships training course has now been adapted to online delivery and be delivered by the end of July 2021. We also delivered Parent-Infant Group Work training with one of our external trainers.

Extended Training Courses

OXPIP’s Extended Training Courses are APPCIOS[6 ] approved programme courses and have been transitioned to online delivery.

 Parent-Infant Therapist Diploma

The 2021-2022 cohort commenced in January 2021 with five trainees. This training is practicebased training, open to experienced therapists who would like to specialise in Parent-Infant Therapy; and incorporates both teaching and clinical placements.

6 The Association for Psychodynamic Practice and Counselling in Organisational Settings (APPCIOS) www.appcios.com Page 14 of 36

Oxford Parent-Infant Project (OXPIP)

 Infant Observation Training

We re-commenced our Infant Observation Training course for five trainees. This is a two-year course for those who would like to gain a greater understanding of a baby’s early life and relationships, and how they develop.

 Parent-Infant Practitioner Certificate

In 2020-2021 OXPIP delivered bespoke Parent-Infant Therapy Practitioner training to a local organisation.

OXPIP Public Lecture Series and External Presentations

In 2020-2021 we held three online lectures, with over 220 attendees. Now that these lectures are available online, we have been able to reach a much wider audience from all over the world.

Consultancy

During 2020-2021, we delivered several bespoke programmes (online) across the UK, including to NHS teams in Hull and East of England - training 65 professionals.

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Oxford Parent-Infant Project (OXPIP)

Business Planning

Our Strategic Plan for 2018-2021 provided a clear roadmap for the charity, focusing on four themes:

Through effective income generation and organisational management, to ensure that OXPIP has the governance, management, staff team, polices and resources required to deliver sustainably on this strategy.

Against these current strategic objectives to date:

Funding and Fundraising

Our key concern from March 2020, has been the ongoing economic impact of the COVID-19 pandemic and its effect on our funding applications, fundraising initiatives, and outcomes. OXPIP usually hosts several fundraising events throughout the year, however these were cancelled due to Lockdown and social distancing restrictions. Nevertheless, we have run several online fundraising campaigns which have successfully raised donations and extended our donor network.

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Oxford Parent-Infant Project (OXPIP)

There has been a significant funding impact from the COVID-19 pandemic in 2020-2021, and many funders paused or changed their specific funding criteria for bid applications. There is an increased demand for evidentiary data, and consequently more business scrutiny than we have previously experienced, in response to increased funding demand from many worthy charitable causes affected by the COVID-19. OXPIP successfully won multi-year funding awards in this context.

We are very grateful to the many funders, charitable trusts and foundations that have provided funding to enable our vital work with families to continue during 2020-2021

We are also very thankful for the continuing support from our private and individual donors.

Volunteers and Supporters

OXPIP’s work relies on the voluntary commitment of many individuals and organisations through contributions in kind, helping with events, networking, publicity, and community fundraising. We are especially grateful for their contributions and commitment.

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Oxford Parent-Infant Project (OXPIP)

STRUCTURE, GOVERNANCE & MANAGEMENT

Constitution and Organisation

Oxford Parent-Infant Project registered as a charity on 10[th] June 2005, governed by Articles of Association, and a company limited by guarantee incorporated on 1[st] April 2005. The charity is governed by its Board of Trustees, which may number between four and twelve members. The operational and financial aspects are managed by the CEO, Clinical Director, overseen by the Board of Trustees.

The Trustees, who are also directors for the purposes of company law, and who served during the year, or subsequently were appointed:

Recruitment and Appointment of Trustees

The directors of the charitable company (“the charity”) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees and constitute its members of council. The Chair’s period of office shall be two years, renewable to a maximum of eight years. Trustees retire after a two-year term at the Annual General Meeting. A retiring Trustee shall be eligible for re-election subject to a maximum period of office of eight years.

Four new Trustees were recruited in 2020, with considerable experience covering commercial, finance and public sectors; and they have made substantial contributions to the charity’s governance.

None of the Trustees have any beneficial interest in the company. All Trustees are required to become members of the company and guarantee to contribute £1 in the event of a winding up. This guarantee does not end until one year after they cease to be a director. The total amount of such guarantees on 31 March 2021 was £12 (2020: £11).

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Oxford Parent-Infant Project (OXPIP)

Risk Assessment

The Trustees of Oxford Parent-Infant Project recognise and accept their responsibility for ensuring that risks to which the Charity is exposed are reviewed and steps taken to mitigate potential damage by the use of appropriate preventative controls and corrective actions.

Trustees are aware of the Charities SORP (revised 2015) and accept the requirement, in relation to all aspects of their work, for regular assessment of operating strengths and weaknesses.

To this end the risk management strategy comprises a regular review of the risks, which the charity may face; the establishment of systems and procedures to mitigate those risks identified; and the implementation of procedures designed to minimise any potential impact on the charity should any of those risks materialise.

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Oxford Parent-Infant Project (OXPIP)

FINANCIAL REVIEW

Financial Overview

OXPIP’s total income for 2020-2021 was £329,983. This represented a 13% increase on 2019-2020. However, OXPIP's Parent-Infant Therapy project commitment costs increased, and so OXPIP drew down on its unrestricted balances from prior years to make up the shortfall.

Income from donations (restricted and unrestricted) was £14,260, whilst income from community fundraising was £8,567. Together this represented a 78% donation decrease on 2019-2020 and reflects the impact of the COVID-19 pandemic on OXPIP’s usual fundraising activities.

2020-2021 professional training delivery income was £71,989. This represented an increase of 14% on 2019-2020.

Total income from OXPIP’s charitable activities (including training) was £307,054, and bank interest income received was £102.

We continue to attract funding interest and sustain cash reserves. We believe that we are addressing any funding and training income concerns with our strategic development strategy and hope to sustain and grow OXPIP’s Parent-Infant Therapy service provision and consolidate professional training delivery in 2021-2022.

Statement of Cash Flow

The increase in restricted funding in 2020-2021 is due to a £108k emergency COVID-19 grant received from The National Lottery Community Fund; and forward booking payments of scheduled professional training programmes for delivery in 2021-2022.

Reserves Policy

OXPIP makes commitments to the clients it seeks to help and to the practitioners it has agreed to train.

The Trustees wish to ensure that OXPIP would be able to continue to provide treatment that has commenced and to complete training where possible. Since it may take three months to complete treatment, the general reserve should therefore represent at least three months’ worth of expenditure not covered by restricted funds (though the amount of relevant restricted funds can be volatile). Given this, at current levels of activity the Trustees believe target reserves should be £120,000 representing four months of expenditure (three plus one as a safety margin). The Trustees review the policy annually and review cash flows quarterly to ensure there are sufficient reserves.

The Trustees also wish to provide a level of working capital that protects the continuity of our core work in the event of a temporary shortfall in income. Trustees consider that the above amount is also sufficient for this purpose. Regular review of cash flows will allow the Trustees to determine whether the reserves policy remains adequate and will help to establish the level of funds needed to cover the natural pattern of activity.

As of 31st March 2021, our general unrestricted reserves amounted to £87,217 (2019-20 £96,262), against a forecast four-month core service expenditure of £120,000.

The Trustees have complied with the duty in section 17(5) of the Charities Act 2011 and have due regard to public benefit guidance published by the Charity Commission .

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Oxford Parent-Infant Project (OXPIP)

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

Approved by the Board of Trustees on 24[th] June 2021 and signed on their behalf by

Robert Kenny (Chairperson)

Registered Office

Suite J, The Kidlington Centre High Street Kidlington Oxford OX5 2DL

Date: 8[th] July 2021

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Oxford Parent-Infant Project (OXPIP)

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF OXFORD PARENT-INFANT PROJECT

I report to the trustees on my examination of the financial statements of Oxford ParentInfant Project (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Sheila Parry FCCA SPX Oxford Ltd Peace House Paradise Street Oxford OX1 1LD

Dated 13 August 2021

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OXFORD PARENT INFANT PROJECT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Investments
Other trading activities
5
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net income / -expenditure
Transfers between funds
Net movement in funds
Reconciliation of
funds:
Total funds brought forwards
Total funds carried forward*		 Unrestricted
Funds
£
14,260
74,960
102
8,567
97,889
24,776
85,017
109,793
- 11,904
- 2,351		 Restricted
Funds
£
-
232,094
-
-
232,094
-
226,610
226,610
5,484
2,351		 Total
2021
£
14,260
307,054
102
8,567
329,983
24,776
311,627
336,403
- 6,421
-		 Unrestricted
Funds
£
62,645
59,752
770
24,208
147,374
42,547
137,801
180,348
- 32,974
- 10,185		 Restricted
Funds
£
16,500
128,992
-
-
145,492
-
143,916
143,916
1,575
10,185		 Total
2020
£
79,145
188,743
770
24,208
292,866
42,547
281,717
324,264
- 31,398
-
- 14,256
101,292
87,036		 7,836
11,760
19,596		 - 6,421
113,053
106,632		 - 43,159
144,451
101,292		 11,760
-
11,760		 - 31,398
144,451
113,053

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

*Income from other trading activities (reference SORP) is income from fundraising events.

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OXFORD PARENT INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

BALANCE SHEET
AS AT 31 MARCH 2021
Notes
FIXED ASSETS
Tangible Assets
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS:Amounts falling due
within one year
13
NET CURRENT ASSETS
NET ASSETS
FUNDS
INCOME FUNDS
Unrestricted Income funds
14
Restricted Income funds
15
TOTAL INCOME FUNDS		 2021
£
£
-
11,237
6,532
291,942
298,474
202,898
95,395
106,632
87,037
19,595
106,632		 2020
£
£
-
12,823
2,843
158,504
161,347
61,117
100,230
113,053
101,292
11,761
113,053		 2020
£
£
-
12,823
2,843
158,504
161,347
61,117
100,230
113,053
101,292
11,761
113,053
113,053
101,292
11,761
113,053

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 24[th] June 2021.

Mr R Kenny – Chair of Trustees Mrs J King - Treasurer Trustee Trustee

Company Registration No. 05410167

Page 24 of 36

OXFORD PARENT INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting Policies

Charity information

Oxford Parent-Infant Project is a private company limited by guarantee incorporated in England and Wales. The registered office is Suite J, The Kidlington Centre, High Street, Kidlington, Oxfordshire, OX5 2DL.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £..

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Resources expended.

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Expenditure on raising funds comprises the costs associated with attracting voluntary income, applications to grant giving bodies and costs of organising fundraising events.

Page 25 of 36

OXFORD PARENT INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Charitable expenditure comprises those costs incurred by the charity in the delivery of services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements over the life of the lease Fixtures and fittings 25% straight line Office equipment 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Page 26 of 36

OXFORD PARENT INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight-line basis over the term of the relevant lease.

2. Critical Accounting 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.

Page 27 of 36

OXFORD PARENT-INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

3. Donations and Legacies

Donations and gifts
Income from Charitable Activities
Income from charitable activities
Analysed by
Parent Infant Therapy
Training and raising awareness		 Unrestricted
£
14,260
14,260
Unrestricted
£
74,960
74,960
23,388
51,572
74,960		 Restricted
£
-
-
Restricted
£
232,094
232,094
211,678
20,417
232,094		 Total
Funds
2021
£
14,260
14,260
Total
Funds
2021
£
307,054
307,054
235,065
71,989
307,054		 Unrestricted
£
62,645
62,645
Unrestricted
£
59,752
59,752
9,432
50,320
59,752		 Restricted
£
16,500
16,500
Restricted
£
128,992
128,992
116,292
12,700
128,992		 Total
Funds
2020
£
79,145
79,145
Total
Funds
2020
£
188,743
188,743
125,723
63,020
188,743

4. Income from Charitable Activities

Page 28 of 36

OXFORD PARENT-INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

5. Other Trading Activities

Fundraising events Unrestricted
2021
£
8,567
8,567		 Unrestricted
2020
£
24,208
24,208

6. Investments

Bank Interest
Expenditure on Raising Funds
Staging fundraising events
Freelance costs
Other fundraising costs
Staff costs
Depreciation and impairment
Support costs
Telephone and internet
Professional fees
Insurance
Office costs
IT
Rent, rates, utility and other premise costs		 Unrestricted
2021
£
102
102
Unrestricted
2021
£
520
646
437
15,665
847
-
403
848
414
232
4,393
371
24,776		 Unrestricted
2020
£
770
770
Unrestricted
2020
£
2,956
1,758
458
22,279
436
8,812
431
241
-
472
1,739
2,965
42,547

7. Expenditure on Raising Funds

The reduction in expenditure against raised funds in 2020/2021 is due to some core staff costs and premises costs being part-funded by the National Lottery via emergency COVID-19 funding in 2020-2021; leaving a smaller residual amount to be apportioned across Fundraising and Unrestricted Charitable activities.

Page 29 of 36

OXFORD PARENT-INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

8. Expenditure on Charitable Activities

Staff costs
Freelance costs
Rent, rates, utility, and other
premise costs
IT
Depreciation and impairment
Provision of training
Office costs
Telephone and internet
Professional fees
Staff travel
Governance costs
Support costs
Analysis by fund
Unrestricted Funds
Restricted Funds		 Parent
Infant
Therapy
£
147,976
9,176
12,543
1,547
-
-
68
-
4,458
-
3,472
62,873
242,112
36,132
205,980
242,112		 Training
and raising
awareness
.
£
49,711
8,729
-
40
3,134
2,610
-
-
-
-
1,157
4,134
69,515
48,885
20,630
69,515		 Total
Funds
2021
£
197,686
17,901
12,543
1,587
3,134
2,610
68
-
4,458
4
4,629
67,007
311,627
85,017
226,610
311,627		 Parent
Infant
Therapy
£
140,048
19,940
10,098
2,786
1,090
-
858
1,077
711
1,750
5,858
22,027
206,243
71,410
134,832
206,243		 Training
and raising
awareness
.
£
31,189
18,123
2,965
6,805
3,352
4,785
1,245
215
120
318
1,953
4,405
75,475
66,391
9,084
75,475		 Total
Funds
2020
£
171,236
38,064
13,063
9,591
4,442
4,785
2,103
1,293
831
2,068
7,810
26,432
281,717
137,801
143,916
281,717

Staff costs include training, staff wellbeing and mobile phone contracts, as well as salary expenditure. See note 10 for salary expenditure and note 9 for the analysis of supports costs.

Support costs in 2021 include a greater share of the CEO/ Clinical Director, Operations Manager and Administrator costs than in 2020, owing to restricted grant funding for these costs.

Support costs in 2021 also include £1,673 for telephone and internet, whereas this cost was separately identified in note 8 2020.

Page 30 of 36

OXFORD PARENT-INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

9. Governance and Support Costs

Governance
Independent Examination fee
Other governance costs
Sub-total governance
Support costs
Strategic Management and Office
Team
Building, IT and office costs		 Parent
Infant
Therapy
£
405
3,067
3,472
47,322
15,551
62,873		 Training
and raising
awareness.
£
135
1,022
1,157
3,112
1,022
4,134		 Total
Funds
2021
£
540
4,089
4,629
50,434
16,573
67,007		 Parent
Infant
Therapy
£
135
5,723
5,858
16,549
5,478
22,027		 Training
and raising
awareness.
£
405
1,548
1,953
3,310
1,095
4,405		 Total
Funds
2020
£
540
7,270
7,810
19,859
6,573
26,432

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

During the year, trustees donated £1,100 to the charity (2020 £2,140)

10. Employees

The average number of employees during the year was 9 (2020; 9)

Wages 2021
£
246,357
246,357		 2020
£
217,067
217,067

No member of staff received benefits over £60,000 (2020 nil)

Page 31 of 36

OXFORD PARENT-INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

11. Tangible Fixed Assets

COST
At 1st April 2020
Additions
At 31 March 2021
DEPRECIATION
At 1st April 2020
Charge for the year
At 31 March 2021
NET BOOK VALUE
At 31 March 2021		 Leasehold
improvements
£
2,960
-
2,960
2,960
-
2,960
-		 Fixtures
and fittings
£
5,785
-
5,785
5,785
-
5,785
-		 Office
equipment
£
35,308
4,971
40,279
22,485
6,557
29,042
11,237		 Total
£
44,053
4,971
49,024
31,229
6,557
37,786
11,237

12. Debtors

Trade debtors
Prepayments and accrued income
Other debtors		 2021
£
3,148
1,302
1,903
6,352		 2020
£
1,315
200
1,328
2,843

13. Creditors

Payroll taxation and social security
Trade creditors
Accruals and deferred income		 2021
£
5,962
8,343
188,594
202,898		 2020
£
4,408
3,506
53,203
61,117

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

Page 32 of 36

OXFORD PARENT-INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

14. Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

The Armed Forces Covenant Fund Trust
Carterton Town Council
CHK Foundation
The Henry Smith Charity
The National Lottery Community Fund
The Rayne Foundation
Royal Air Force Association (RAFA)
The Step Change Fund
The Sylvia Adams Charitable Trust
The Tudor Trust
Robert and Felicity Waley-Cohen Charitable Trust
Yorkshire Building Society Charitable Foundation		 Balance at 1
April 2020
£
-
-
2,509
3,040
-
1,180
-
3,616
-
1,416
-
-
11,761		 Income
£
14,442
2,000
-
4,250
107,610
12,083
625
20,417
28,000
12,000
29,167
1,500
232,093		 Expenditure
£
- 5,861
- 2,148
- 2,509
- 4,533
- 124,885
- 7,915
- 294
- 20,630
- 17,111
- 11,132
- 28,093
- 1,500
- 226,610		 Transfers
£
- 8,581
148
-
- 2,757
17,275
-
- 331
- 3,403
-
-
-
-
2,351		 Balance as
at 31 March
2021
£
-
-
-
-
-
5,349
-
-
10,889
2,284
1,074
-
19,596

The transfers to the National Lottery and Carterton Town Council represents the planned part-funding by OXPIP for these projects.

The other transfers are for expenditure on core and overhead costs.

Page 33 of 36

OXFORD PARENT-INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Restricted funds (continued)

Previous year:

CHK Foundation
The Henry Smith Foundation
Oxfordshire Social Services Family Solutions
The Rayne Foundation
Royal Air Force Association (RAFA)
Small Trusts and Grants
The Sylvia Adams Charitable Foundation
The Tudor Trust
The Step Change Fund
Porticus Grant		 Balance at
1 April 2019
£
-
-
-
-
-
-
-
-
-
-
-		 Income
£
30,000
24,333
6,625
15,000
7,500
16,500
2,333
18,000
12,700
12,500
145,492		 Expenditure
£
- 27,491
- 21,293
- 6,759
- 13,820
- 9,010
- 24,994
- 2,381
- 16,584
- 9,084
- 12,500
- 143,916		 Transfers
£
-
-
134
-
1,510
8,494
47
-
-
-
10,185		 Balance as at
31 March 2020
£
2,509
3,040
-
1,180
-
-
-
1,416
3,616
-
11,761

Transfers from unrestricted funds represent planned part-funding for these projects.

Page 34 of 36

OXFORD PARENT-INFANT PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

15. Unrestricted and Designated Funds

The income funds of the charity did not include any designated funds at the year end. The previous year’s balance included £5,000 which had been set aside out of unrestricted funds by the trustees to cover the remaining lease obligation.

Designated funds
Lease Obligation Reserve
Other Unrestricted Funds
Previous year
Designated funds
Clients' Treatment Completion Fund
Lease Obligation Reserve
IT infrastructure and Data Management
Other Unrestricted Funds		 Balance at 1
April 2020
£
5,000
96,292
101,292
Balance at 1
April 2019
£
2,000
10,000
3,500
128,951
144,451		 Income
£
-
97,889
97,889
Income
£
-
-
-
147,374
147,374		 Expenditure
£
-
- 109,793
- 109,793
Expenditure
£
- 2,000
-
- 3,500
- 174,848
- 180,348		 Transfers
£
- 5,000
2,649
- 2,351
Transfers
£
-
- 5,000
-
- 5,185
- 10,185		 Balance as
at 31 March
2021
£
-
87,036
87,036
Balance as
at 31 March
2020
£
-
5,000
-
96,292
101,292

Page 35 of 36

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

20 Related Party Transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

Aggregate compensation 2021
£
44,048
44,048		 2020
£
58,775
58,775

Transactions with related parties

None in 2020-2021 (previous years: none)

Page 36 of 3 6