Oxford Parent-lnfant Project Report and Financial Statements For the Year Ended 31 March 2024 oxpip.org.uk Registered Charity 1109956 Registered Company 5410167 Oxford Parent-Infant Project ## Contents Reference and Administrative Details of Charity .................................................................................. 3 Trustees’ Report ................................................................................................................................... 4 Joint CEO’s Overview of 2023-24 .......................................................................................................... 5 About Us ............................................................................................................................................... 7 OXPIP’s 2023-24 Strategy ................................................................................................................... 11 Our Team ............................................................................................................................................ 12 Staff ..................................................................................................................................................... 13 Volunteers and Supporters ................................................................................................................. 13 Our activities and impact .................................................................................................................... 15 1. Parent-Infant Psychotherapy Services ............................................................................................ 15 2.Parent-Infant Psychotherapy Professional Training ........................................................................ 26 3. Consultancy ..................................................................................................................................... 29 4. Partnerships and Influencing .......................................................................................................... 29 Funding and Fundraising ..................................................................................................................... 30 Structure, governance & management ............................................................................................... 31 Constitution and Organisation ............................................................................................................ 31 Recruitment and Appointment of Trustees......................................................................................... 31 Risk Assessment .................................................................................................................................. 32 Financial Review ................................................................................................................................. 33 Financial Overview .............................................................................................................................. 33 Reserves Policy .................................................................................................................................... 33 Independent examiner's report .......................................................................................................... 35 Responsibilities and basis of report .................................................................................................. 35 Independent examiner's statement ................................................................................................ 35 Statement of financial activities .......................................................................................................... 37 Balance sheet ...................................................................................................................................... 38 Statement of Cash Flows ..................................................................................................................... 40 Notes to the financial statements ...................................................................................................... 41 Page **2** of **55** Oxford Parent-Infant Project ## **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 & Operational Address: Suite J, The Kidlington Centre High Street Kidlington Oxford OX5 2DL Trustees at year end: Robert Kenny Anne Burns Karina Cox Shamus Donald Susanna Graham-Jones Dr Jessica Gibson Lawrence Judd Kathy Peto Joint CEOs: Dr Karen Bateson, Helen Callaghan Clinical Director: Helen Callaghan Executive Director: Dr Karen Bateson 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: UHY Ross Brooke Suite I, Windrush Abingdon Business Park, Abingdon OX14 1SY Page **3** of **55** Oxford Parent-Infant Project **Trustees’ Report** The Trustees present their report and accounts for the year ended 31 March 2024. 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 the Charities Act 2011 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 2019). Page **4** of **55** Oxford Parent-Infant Project **Joint CEO’s Overview of 2023-24** It is wonderful to report another successful year, which included our celebration of our 25th anniversary. We have received our highest ever number of referrals and self-referrals (n=378), and have worked with over 350 families. We’re pleased to see that referrals and self-referrals are coming in earlier – around 40% of our referrals are now antenatal. This means we can work therapeutically at the earliest possible moment to lay down solid relationship foundations for the baby’s arrival. We are very thankful to all our staff who do such excellent work. Ninety percent (90%) of families who start therapy with us complete their course of treatment. Our clinical outcomes remain exceptional (see page 22) and we have also received some brilliant feedback from families we’ve worked with. We have seen a growth in demand for our training, including commissioned Short Course Professional Trainings. As the Government’s Start to Life programme in England enters its third year, we have seen maintained interest in our national training offer, and are currently fully booked for most of our training courses until March 2025. This year, training revenue represented 30% of our total income, and we are on track for this to increase to 41% in 24-25, making a substantial contribution to our long-term sustainability. With increased national demand for parent-infant training, we hope to build on this years’ success by expanding our training offer in the second half of 24-25. In the summer, we delivered on an ambition to match OXPIP salary bands to NHS pay scales for clinical staff, to recognise the skills and experience of our very highly qualified clinical team. This is part of our continued commitment to attract expert clinicians who can provide safe, high quality parent-infant therapy to the families we see. In July, we had another wonderful Opera event at New College with a candlelight picnic and opera. New Chamber Opera performed Paisello's La Frascatana 'The Girl from Frascati'. We celebrated our 25th anniversary as a charity with a grand dinner at Balliol College in September, alongside a very successful online and in person auction. We are very grateful to all the Trustees for the considerable work that they did in helping to make this such a success. In December, we launched our Impact Report showcasing the outcomes and impact of our work over the last 5 years. Copies are available on our website here: oxpip.org.uk. The Impact Report demonstrates that OXPIP parent-infant psychotherapy is highly effective: 73% of parents show reduced levels of depression and anxiety and 91% experience improvements in their parent-infant relationship. Page **5** of **55** Oxford Parent-Infant Project In January, our CEO and Clinical Director, Helen Callaghan, was able to reduce her hours and with Trustee support, we recruited Dr Karen Bateson as Executive Director and Joint CEO. Karen brings a huge wealth of experience in the parent-infant sector, having had senior positions in other parent-infant organisations and the NHS. This feels like a very exciting time for OXPIP with Helen leaving the organisation in a strong position, not only with the clinical delivery but also the National Training position and a very strong OXPIP team. In March, we rounded out the year with our first Virtual Row Fundraiser which included our youngest supporter – Erin (2) - singing 38 verses of Row, Row, Row Your Boat and our own administrator Sam crocheting the length of a rowing boat from the Oxford v Cambridge Boat race. Also in March, our senior therapist, Katie Bailey delivered a webinar about working antenatally with parents to 420 attendees for the Parent-Infant Foundation. Welcome to our Annual Report 23-24. We are truly grateful to all the Trusts and private funders that support us, to our Trustees for their ongoing skilled and committed support, and to our wonderful staff. Helen Callaghan Karen Bateson Joint CEO, Clinical Director Joint CEO, Executive Director Page **6** of **55** Oxford Parent-Infant Project **About Us** Oxford Parent-Infant Project (OXPIP) is a charity founded in 1998 (incorporated in 2005) which - delivers specialist parent-infant psychotherapy to parents and carers in Oxfordshire, and their babies, who need some help to form a secure attachment. We work with parents and infants from conception up to the age of two. - provides national and international specialist parent-infant therapy training - supports awareness raising and policy change, regarding the importance of parent and infant relationships and mental health, locally and across the UK. ## _**Our Objectives**_ OXPIP is a registered charity and our objectives, as set out in the Memorandum and Articles of Association are: - To promote and preserve the health and well-being of babies, young children, and their parents, including parents to be, who may be experiencing stress or facing problems within the normal range of parenting. - To promote and advance an understanding of infant mental health and early child development, within the broad framework of Object Relations and Attachment Theories, and to provide a focus for this approach in the Charity's area. - To promote, by training and research, the awareness of the importance of early childhood development among health professionals and other professionals involved in early childhood, and actively to disseminate information and examples of best practice among these groups. To meet these objectives, OXPIP aims to: - Enable positive early relationships through direct parent-infant psychotherapy and related therapeutic interventions. - Increase the number of trained Parent-Infant Psychotherapists. - Develop early years practitioners’ understanding of parent-infant relationship difficulties, increasing practitioners’ capacity to both recognise issues and to provide appropriate support. - Raise awareness of early intervention and the importance of attachment, and to influence policy and service development around these issues at both local and national level. Page **7** of **55** Oxford Parent-Infant Project ## _**Our Core Values**_ - Relationships We develop, promote and sustain healthy relationships across all our work as a crucial mechanism of sustainable change, and to promote health and wellbeing for babies, parents, our staff and volunteers, colleagues, and professional partners. - Early Intervention Early identification of relationship difficulties and timely intervention is effective for both improving individual outcomes and reducing costs to society, in the short and long term. We encourage parents and referrers to engage with us as early as possible, from conception onwards. - Accessibility Our therapeutic treatments are available to all parents, from conception to two years, who may need help to improve their relationship with their baby. We work hard to reach out to disadvantaged, vulnerable or marginalised families, including those facing adversities such as poverty, racism, social isolation, language/learning/literacy barriers. ## _**Our Core Competencies**_ - Clinical Expertise OXPIP clinicians are all highly qualified specialist therapists who draw on a wide range of interventions, and who are experienced in working to improve parent-infant relationships. - Knowledge and Experience OXPIP was one of the founding parent-infant psychotherapy organisations in the UK and has in-depth knowledge and experience of working with parent and infant mental health in a wide range of settings, and across a diverse group of clients and situations. - Training and Cascading Knowledge OXPIP has strong expertise in explaining, communicating, and sharing its clinical expertise with therapists and non-therapists to develop their capacity to support parent-infant relationships. ## _**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. - We are 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 Page **8** of **55** Oxford Parent-Infant Project characteristics of equality and diversity - age, disability, gender reassignment, marriage and civil partnerships, pregnancy and maternity, race, religion and belief, sex, and sexual orientation. OXPIP ensures that its policies, practices, and procedures do not discriminate on these grounds. ## _**Our Success**_ Over the last 25 years, OXPIP has established an excellent track record of: delivering safe, high-quality work; excellent clinical outcomes; understanding local need and the geographical distribution of need; being accessible to the families who benefit most from our work; reaching into communities to remove barriers; and intervening early enough for our work to make the most difference. ## 1. Quality We have a national and international reputation as a centre of excellence for parent-infant psychotherapy. Our clinical outcomes are excellent: at least 73% parents show reduced anxiety and/or depression, 91% of families improve the quality of their parent-infant relationship after therapy with us (data from over 430 families over 5 years using standardised, clinical tools). OXPIP has also been a pioneer for parent-infant psychotherapy training courses in the UK. Many of our clinicians teach on our short courses and 18-month diploma, to help expand the UK parent-infant relationship workforce. ## 2. Safety We employ only fully qualified, registered parent-infant psychotherapists and have robust clinical, safeguarding, supervision and information management processes in place. ## 3. Understanding need Fifteen percent (15%) of babies born in Oxfordshire experience significant parent-infant relationship difficulties and 321 babies (unborn and under 2’s) are on either a Child Protection Plan or Child in Need plan with Oxfordshire children's services care each year. We have excellent, long-standing relationships with our communities and community services so we understand the social, economic and geographical distribution of parent-infant relationship difficulties and we locate our clinical venues where the need is greatest. Page **9** of **55** Oxford Parent-Infant Project ## 4. Accessibility We work hard to be accessible to families facing the most barriers. We deliver therapy from local venues which are more easily reachable by the most disadvantaged/ marginalised families. We provide interpreters for non-English speakers. In exceptional circumstances, we provide taxis for families to attend sessions. Twenty-three percent (23%) of our clients do not identify as White British - the same percentage as the Oxfordshire population. Our website and online referral form are equipped with Recite Me software for families with learning, literacy or language difficulties. ## 5. Reach Research indicates that 1075 babies are born in Oxfordshire each year with parent-infant relationship difficulties so significant as to compromise their mental health and put them at much higher risk of poor life outcomes. This means at any one time there are 3225 babies (02) in need of our help. We accepted 378 referrals last year - 11.7% of the total population of babies in need. This is more than double the rate suggested by the Parent-Infant Foundation as a realistic estimate of reach for parent-infant relationship teams like OXPIP. ## 5. Early intervention Because we work with parents and babies at such an early age we can make a big impact in a relatively short time. The "first 1001 days" is a unique window of opportunity where a baby’s brain is developing rapidly, and this period includes the 9 months of pregnancy. Forty percent (40%) of our referrals are antenatal, thanks to the excellent relationships with midwives we have built up over decades of working in Oxfordshire. This means we are working at the most opportune moment of a child's life, and during the window in which parents are most receptive to the work. Page **10** of **55** Oxford Parent-Infant Project **OXPIP’s 2023-24 Strategy** Our Strategic Plan provides a clear roadmap for the charity, focusing on four themes: ## 1. Parent-Infant Psychotherapeutic Services To continue to deliver and expand OXPIP’s parent-infant psychotherapeutic services for families in Oxfordshire, ensuring they are accessible to all and available in each of the county’s five local government districts. ## 2. Centre of Excellence To reinforce OXPIP's local and national profile as a centre of excellence, raising the standards of parent-infant emotional and mental health interventions available for families through influencing policy, shaping service development and commissioning, and innovating models of collaborative working. Additionally, to continue to embed Equality, Diversity and Inclusion in all our operations. ## 3. Training and Awareness Raising Programme To continue to deliver OXPIP’s programme of professional training, education and awareness-raising events on parent-infant relationships and parent-infant emotional and mental health. ## 4. Developing Organisational Capacity To ensure that through effective income generation, organisational management and investment in its staff, OXPIP has the governance, leadership, people, polices and resources required to deliver on this strategy. Page **11** of **55** Oxford Parent-lnfant Project Our Team rTth JrlnlCEO, CEO. J￿*Eu1tlc• P¥ychthw*t Oxford Parent-Infant Project ## **Staff** Our parent-infant psychotherapy services and professional training courses are delivered by our experienced team of 15 (6.3 FTE) specialist Parent-Infant Therapists. These are supported by our pool of trusted, freelance, specialist therapists and trainers. All our therapists are multi-disciplinary professionals who have a recognised professional clinical registration in a range of psychotherapeutic disciplines. Many were previously social workers, psychologists, health visitors or midwives. Most of our current team are graduates from OXPIP's Parent-Infant Therapist Training or Associate Programmes (OXPIP’s professional training offer). Working alongside the therapists is our small team of leadership, operations and admin staff (2.2 FTE). ## **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 do not recruit to formal volunteer positions. We engage with our volunteers and supporters through our work in the Oxfordshire community, our professional training programmes and our website and social media. We are especially grateful for their contributions to OXPIP and for their commitment to our work. Page **13** of **55** Oxford Parent-lnfant Project 6UIP IA91NL 4tr oll hoY& a In ar￿Jn￿9 bob led bvod ond wFe. w thut thgy can r•kJhorrfhips irnwpv• g ¢hiklF lif• Outeomm at h)m•. ot sehod. Jn gnd In wcknty. Ord odY•rsbty, ¢n In¢lydirg h +knit btsby. AI OXAP ￿ ¥w)rk ih•rQP•uticolty Ih w•nts and boblw lo •rhab to *Jild clot•r •ltst*)tthiw duNn9 F*•9th)w r •afy¢hith)od. W• d*liv*T high.gutsIrty. •¥id•rt¢ 9￿p th•rop*s whKh imF*th• 1 Ptsrathts ONJ woni io ￿￿￿one apwKknt•5 th• lryortonc• of euAy rnkihothips, so w• dodKat• to ￿￿￿ty. inclLxliry by troiniry oxHp Page 14 of 55 Oxford Parent-Infant Project **Our activities and impact** Our activities, the evidence base supporting them and our related output and outcome data are described below in 4 sections: 1. Parent-Infant Psychotherapy Services 2. Parent-Infant Psychotherapy Professional Training 3. Consultancy 4. Partnerships and influencing ## **1. Parent-Infant Psychotherapy Services** We want every baby to have a good relationship with their parents/carers so our therapeutic work focuses on building and strengthening the relationship between them. We know this improves parental and child mental health, as well as improving the baby’s broader life chances. The quality of the parent-infant relationship acts as a universal mechanism for improved child development, mental health and life chances. Our work can 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 long-lasting relationships in adulthood. With one million connections forming in a baby’s brain every Page **15** of **55** Oxford Parent-Infant Project minute for the first eighteen months, this is a critical window of opportunity to address any early difficulties. _The evidence for parent-infant psychotherapy and parent-infant relationship is strong_ At OXPIP, we are pioneers in parent-infant psychotherapy, a specialist area of psychotherapy shown to help families become stronger and to help their children to develop into happier, more emotionally resilient adults[1] . Since parent-infant psychotherapy considers the emotional health of the infant as well as that of the parent, by working on the relationship between parent and child during the formative stages of brain development, many future problems can be reduced or prevented, resulting in babies developing into happier, more emotionally resilient children and adults, and families becoming stronger. The Parent-Infant Foundation’s Impact of Parent-Infant Relationship Teams Report: A Summary of Evidence (September, 2023) reviewed all published evidence and found that teams such as OXPIP: - Strengthen relationships between babies and their caregivers - Improve the mental health of caregivers - Support babies’ early development and wellbeing, including those most at risk A review of international evidence published in 2022 examines the effectiveness of psychoanalytic, psychodynamically informed and attachment-based interventions for children aged under 5 from studies involving over one and a half thousand families. The review shows that psychodynamic and psychoanalytic interventions, including parent-infant psychotherapy: - Improves parental reflective functioning (a key parental skill for child social and emotional wellbeing) - Reduces parental depression (a key factor in child mental health and wellbeing) - Improves the security of infant attachment (a major driver of lifetime outcomes across a range of personal, social and economic domains) - Improves infant socio-emotional and behavioural wellbeing (a key predictor of social and school outcomes) > 1 Sleed, M., Li, E., Vainieri, I., Midgley, N. (2022). The Evidence Base for Psychoanalytic and Psychodynamic Interventions with Children Under 5 Years of Age and their Caregivers: A Systematic Review and Meta-Analysis. London: The Anna Freud Centre. Page **16** of **55** Oxford Parent-Infant Project The findings of the review also suggest that parent-infant psychotherapy is effective for families with high levels of complexity and need, including socially disadvantaged groups. Additionally, there is considerable evidence of the economic benefits of early psychotherapy interventions. For example, research shows that for every £1 spent on this type of early preventative work up to £13 can be saved on future interventions[2] ,[3] . ## _Who we offer therapy to_ The parents and carers we work with come to us with a wide range of experiences and needs. Many have had a previous history of baby loss, disability or prematurity, a traumatic or complicated conception, pregnancy or birth, or unexpected feelings of disconnection, numbness or sadness towards their baby. We also work with parents and babies with a wide range of mental health difficulties, histories of childhood abuse, adversity or trauma, or experiences of chronic, complex or ongoing stress, adversity and trauma. We work therapeutically with parents and carers as individuals or in parental couples, and with the baby in the room. We work with any/all parents including birth and step parents, foster, adoptive or kinship parents and carers, and LGBTQI+ parents. ## _How We Manage Referrals_ We accept referrals from anywhere in Oxfordshire, from conception to the day before the child’s second birthday. We employ a highly experienced part-time parent-infant therapist as our Referrals Coordinator to: - Act as a point of first contact for families who are self-referring and for professional referrers - Contact all families by phone to assuage any worries or queries they might have about their referral – be the “human face” of their referral to OXPIP > 2 - People Shaped Support (2017) Social Impact Report: Parent and baby Wellness (2017).http://www.psspeople.com/wp content/uploads/2017/04/Parent-and-Baby-Wellness-Impact-Report-v2-27032017.pdf > 3 Benefits-Costs Results (2022) Washington State Institute of Public Policy Washington State Institute for Public Policy Page **17** of **55** Oxford Parent-Infant Project Triage the family’s needs and urgency - Triage risk and take appropriate action (e.g. liaison with and referral to other relevant agencies) Offer phone-based support while families are waiting to be allocated to a therapist ## _Referrals Received_ Between 1st April 2023 and 31st March 2024 OXPIP received 378 referrals (up from 371 in 22-23), 68% of these referrals were submitted by professionals, 32% were parental selfreferral. 63% of these 378 referrals came from the NHS, for example from midwives (22.8%), health visitors (17.2%), the specialist perinatal mental health team (7%), GP’s (4%) and Talking Therapies (2%). **----- Start of picture text -----**
Referrals Received
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Of the 378 referrals to OXPIP, 98 did not continue into the service: 50 (13.2%) no longer required therapy, 33 (8.7%, up from 5% in 2022-23) “did not engage with/did not respond to” our referral coordinator, 2 had a child over the age of 2, 3 were referred on to a more appropriate service, 4 were unable to attend sessions due to work commitments or childcare problems for an older child, 1 had had their child removed into care, 1 referral was declined because the child was on a Child Protection Plan but we were unable to access Social Care funding. 357 OXPIP clients received a service between 1st April 2023 and 31st March 2024, up from 340 in the previous year. This number includes those clients who were open at the start of this period. Page **18** of **55** Oxford Parent-Infant Project 321 (89.9%) of the 357 went on to complete their treatment. During the period between the referral being accepted and the therapy starting the OXPIP Referral Coordinator and/or Clinical Director provided 575 interim contacts with clients on our waiting list. This is up from 247 in 2022-23, the steep increase reflecting the fact that our waiting times have increased so we are providing more “waiting list support”. OXPIP offered 2216 client sessions in 2023-24, (down from 2611 in 2022-23 due to two members of staff being on extended sickness absence). However, when taking into account the “pre-therapy” sessions offered by our Referrals Co-ordinator, in 2023/24 we offered in 2791 client contacts, compared to 2858 in 2022-23 (67 fewer contacts in total). 1758 sessions (79%) were attended, 356 (16%) were cancelled before the session and 102 (4.6%) were not attended without notice. The mean number of sessions per family is 7.9. Page **19** of **55** Oxford Parent-Infant Project ## _Ethnicity of clients_ During 2023-24 the ethnicity of OXPIP’s clients was recorded on the consent form at the point of entry to the service. The ethnicity of OXPIP’s client was 77% White British, which is identical to This means that we are successfully reaching Black, Asian and other Global Majority groups in proportion to ethnicity distribution within the general population. ## _Disability_ During 2023-24 the disability status of OXPIP’s clients was recorded on the consent form at the point of entry to the service. of OXPIP’s clients informed us that they have a disability . **----- Start of picture text -----**
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Oxford Parent-Infant Project ## _Parental mental health status at referral_ At the beginning of therapy with us, approximately 60% of parents report _moderate or severe_ levels of anxiety and 50% of parents report _moderate or severe_ levels of depression. OXPIP accept referrals for or by parents with a diagnosis of complex PTSD (sometimes referred to as Emotionally Unstable Personality Disorder) which some local adult mental health services may not. ## _Our therapeutic interventions_ Effective parent-infant relationship therapies focus on improving the sensitive relationship between the parent(s) and baby. This may be achieved through a combination of approaches which strengthen parental reflective functioning and/or bringing to awareness the parents’ often unseen but influential emotional wounds from their own upbringing. Our Parent-Infant Therapists hold the infant, the parent(s) and the relationships in equal esteem. Psychotherapeutic theory and practice feature heavily, as does use of video feedback work to help parents see their interaction with their child through a more objective, often strengthsbased, lens. We offer individual and group-based parent-infant psychotherapy interventions to referred parents and other primary carers in Oxfordshire and surrounding areas. Most families are seen weekly and are offered 6 - 12 Parent-Infant Therapy sessions, but some families may require long term work (1 – 2 years), due to the clinical complexity of their experiences. All OXPIP’s Parent-Infant Therapy sessions are offered free of charge to all clients. Our parent-infant psychotherapy is offered in two ways: ## 1. Individually We assess, formulate and tailor interventions to individual families’ needs, to improve the quality of the parent-infant relationship and the emotional well-being and mental health of the parent(s) and infant. 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 Guidance[4,5] and Watch Wait and Wonder[6] . Individual parent-infant psychotherapy sessions with parent(s) and baby are offered for a > 4 Kennedy, H., Ball, K. and Barlow, J., 2017. How does video interaction guidance contribute to infant and parental mental health and well-being? Clinical child psychology and psychiatry, 22(3), pp.500-517. 5 O'Hara, L., Smith, E.R., Barlow, J., Livingstone, N., Herath, N.I., Wei, Y., Spreckelsen, T.F. and Macdonald, G., 2019. Video feedback for parental sensitivity and attachment security in children under five years. Cochrane Database of Systematic Reviews, (11). > 6 Zilibowitz, M. (2010). Watch, wait & wonder. Haymarket, N.S.W., Good Beginnings Australia. Page **21** of **55** Oxford Parent-Infant Project recommended minimum of six weeks. However, in some cases families are seen for longer term work. ## 2. In Groups In our Banbury project, we have offered therapeutic input to the Saplings antenatal group, alongside midwifery and community family support colleagues. ## _Parent-Infant Therapy Outcomes_ We use validated and internationally recommended clinical outcome measures with all families: - Parent-Infant Relationship Global Assessment Scale (PIRGAS, clinician-rated) - Generalized Anxiety Disorder Scale (GAD-7, parent self-report) - Patient Health Questionnaire (PHQ-9, parent self-report) We changed our clinical evaluation tools from the Hospital Anxiety and Depression Scale (HADS) to PHQ9/GAD7 in the first quarter of 2022, therefore this annual report analysed data from both forms of evaluation. Seventy-three percent (73%) of all clients saw a reduction in their symptoms of anxiety or depression across both the HADS and PHQ9/GAD7 evaluation tools and 91% experienced an improvement in the security of their parent-infant relationship. Page **22** of **55** Oxford Parent-Infant Project **----- Start of picture text -----**
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_Parent Satisfaction Feedback_ Each client who completed their treatment with OXPIP were asked to complete our online parent evaluation form; back. said that it was quite useful, 9% said it was useful in some ways. Parent-Satisfaction Feedback Page **23** of **55** Oxford Parent-Infant Project After OXPIP therapy, improved completely, 33% said that the relationship is now usually going well, 7% said it was usually now going better. Parents were also asked ‘ Which of these did you find helpful?’ They could select as many as they felt were relevant. Page **24** of **55** Oxford Parent-lnfant Project OXPIP has massively impacted mine and my family's life through our sessions. The time and space to process things from my own childhood and the effects those things have on my relationship wlth my own children has been really helpful. My OXPIP Therapist was compasslonate and empathetic whilst also straight talklng and sklllfLtI In how she explained things about childhood development and the dynamic$ between the parentlchild relatlonshlp. We have had significant dlsruptlon In our household thls last year wlth health challenges, Job changes, a house move (to name a few) and havlng a conslstent place to process those thlngs wlth OXPIP and to learn how best to connect wlth and support my young chlldren In the midst of that has had a slgniflcant Impact already but I'm confident we wlll also see the benefit of that support in the years to come. The challenges of the past couple of years had really knocked my confldence In my ablllty to parent and connect wlth my baby and these sessions helped ground me in what is and isn't as important in my child's long term emotlonal health and well belng. It has also helped me become more aware of and able to challenge my own negative thoughts. I thlnk It was useful for me to have a space to discuss how I was dealing with what has been a very difficult pregnancy. Often I get very caught up in how my partner is feeling and so having dedlcated space for me was great. - OXPIP Cllent. Dod My OXPIP Theraplst was really great at Ilstenlng and helplng me to understand how my experlences related to my current feelings and situation and how thls could impact my relationship with my daughter. I am prone to anxlety and I have been projecting my own beliets and fears onto her and reallslng thls has helped to not only break that cycle but helped me to see her for the wonderful unlque human that she Is (rather than Just an extension of me). Thank you so much! I feel I have more reflective tools in my arsenal to use golng forward. - OXPIP Cllent, Mum 66 I've always thought that I'm not enough or not doing enough for my small familyi afterthe sessions wlth OXPIP I've finally reallsed that l am good enough! OXPIP Client, Mum OXPIP Client, Mum Page 25 of 55 Oxford Parent-Infant Project ## _Clinical Quality Assurance_ OXPIP continually reviews and develops its operations and therapeutic service provision, to optimise return on funding investment and maximise beneficial impact for client families. We ensure continuous quality delivery of our Parent-Infant Therapy service through: - High-quality, individual, clinical supervision and monthly, peer group supervision. - Journal/reading group - Management review and analysis of clinical outcome measures. - Attending training and conferences - Peer review of PIRGAS practice. - Membership of various professional and registration bodies such as the Association of Child Psychotherapists and the Health and Care Professionals Council. ## **2.Parent-Infant Psychotherapy Professional Training** OXPIP has a national and international reputation for offering high quality, psychodynamically and psychoanalytically informed parent-infant relationship training. In 2023-24, in addition to lectures and seminars, we offered a range of short courses, as well as a two-year Infant Observation programme, an 18-month Diploma in Parent-Infant Therapy and a 15-month Certificate for Advanced Parent Infant Practitioners. We work with professionals, policy makers and the public to promote awareness and to further OXPIP’s vision of a more responsible and empathetic society, through an intensive focus on positive early relationships and emotional wellbeing. As one of the main providers of psychoanalytical/psychodynamic parent-infant training in the UK, we are committed to helping develop the parent-infant workforce of tomorrow. To train new Parent-Infant Therapists, OXPIP delivers Association for Psychodynamic Practice and Counselling in Organisational Settings (APPCIOS) approved programmes: Our training is focused on two main audiences: 1. Qualified therapists to enable them to work as Parent-Infant Psychotherapists in their communities. 2. Allied professionals to improve their understanding of parental and infant mental health, infant attachment, parent-infant relationships, and to apply this enhanced understanding in their work. Page **26** of **55** Oxford Parent-Infant Project ## _Parent-Infant Therapist Diploma Training (PIT)_ This is an 18-month professional training programme. It is practice-based and open to accredited therapists who would like to specialise in Parent-Infant Therapy, incorporating both teaching and clinical placements with individual and group supervision. Eight PIT trainees are currently enrolled in our 2023-2024 trainings. ## _Advanced Parent-Infant Practitioner Training (APIP)_ This is a 15-month professional training programme. It is open to practitioners working with parents and infants, incorporating both teaching (with the PIT trainees) and work discussion groups. Three APIP students are currently enrolled in our 2023-2024 trainings. ## _OXPIT Training_ An intensive 1-year fully funded training programme for those living in Oxfordshire or committed to working for OXPIP. OXPIT Training leads to the PIT qualification and includes funded 2-day week employment with OXPIP. In 2022, a new cohort of four Oxfordshire-based (OXPIT) trainees began an intensive, funded 12-month programme with us, two of whom were funded by the Banbury Project. We are delighted that these trainees have stayed on as members of the OXPIP Clinical Team. We are very grateful to the private funder who funded this training. ## _Infant Observation (IO) Course (2-year)_ This is a two-year rolling programme for those who would like to gain a greater understanding of a baby’s early life and relationships and how they develop. It is also a prerequisite for our Parent-Infant Therapy Diploma. All IO training places are now filled until Spring 2025. ## _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. In some areas, such as ‘Assessing Parent-Infant Relationships’, OXPIP is the only UK provider. The courses enable practitioners to understand attachment and infant mental health and to apply this understanding in their day-to-day work. Throughout the year substantial work has been undertaken in redesigning and updating our courses, which include: - ‘Attachment and Intersubjectivity’; the impact that parents and babies have on each other. - ‘Watch, Wait and Wonder’ - ‘Assessing Parent-Infant Relationships’ Page **27** of **55** Oxford Parent-Infant Project - ‘Ghosts in the Nursery’ - ‘Parent-Infant Group Work’ ## _OXPIP Public Lecture Series and External Presentations_ OXPIP hosts an Online 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. In 2023-24 we held three online lectures, with 135 attendees, welcoming Julianne Boutaleb from the United Kingdom, and Marilyn Sanders and Arietta Slade from the United States. As the move to online delivery continues to enable a much wider audience to attend, as well as to include speakers from all over the world, we have decided to continue with this format for the foreseeable future. ## _Commissioned Training_ We are currently training 81 trainees from a local authority in the South West of England in Assessing Parent-Infant Relationships. In January, we learned that we had been successful in another local authority application for a tender to train 235 trainees in Attachment and Intersubjectivity and Assessing Parent-Infant Relationships from February 2024 – March 2025, totalling 21 training days (7 cohorts). Page **28** of **55** Oxford Parent-Infant Project ## _Training Development Plans_ We are currently writing our new three year training strategy with plans to expand our training team and training offer. ## **3. Consultancy** OXPIP is commissioned through several bodies to deliver specialist training and service development consultancy for a variety of organisations across the UK. This area of our work continues to develop. In 2024-25, we will increase our service development consultancy work. ## **4. Partnerships and Influencing** OXPIP continues to be actively involved in both local and national partnerships: - We work closely with Parent-Infant Foundation (formally PIPUK) to support their policy influencing work and to be active members of their Peer Support Network of specialist parent-infant relationship teams across the UK. - We are regular attendees at the All Party Parliamentary group (APPG) 0-2. - Our clinicians have active working relationships with local Health Visitors, Midwives and GPs, as well as Oxfordshire County Council Children and Family Services staff. - Our Executive Director is a member of several Expert Advisory Panels including at the Play in Education, Development and Learning (PEDAL) Lab at the University of Cambridge, and the Supporting Early Minds steering group at the University of Oxford. - We continue to be invited to speak about our work at major conferences and events. For example, our senior therapist Katie Bailey delivered a webinar on working antenatally with families to 420 participants for the Parent-Infant Foundation in March 2023. Page **29** of **55** Oxford Parent-Infant Project ## **Funding and Fundraising** OXPIP receives no statutory funding and relies on grants from trusts, private and individual donations and money raised through our community fundraising events, including the New Chamber Opera and Merton College’s Carol Concert. Additional income is derived from our professional training services. We are very grateful to the many funders, charitable trusts and foundations that enabled our vital work with families to continue during 2023-2024, including: - J & T Yarrow - M & C Trust - Oxfordshire Community Foundation - Shanly Foundation - Souter Charitable Trust - The Didcot Powerhouse Fund - The National Lottery Community Fund - The Trusthouse Charitable Foundation - The Tudor Trust - Additional anonymous donors Going forwards into 2024-25, we will be entering a new cycle of strategic planning to include developing our fundraising and communications strategies. Page **30** of **55** Oxford Parent-Infant Project ## **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: - Anne Burns (appointed November 2019) - Karina Cox (Treasurer, appointed March 2023) - Shamus Donald (appointed May 2017) - Dr Jessica Gibson (appointed September 2020) - Susanna Graham-Jones (appointed February 2016) - Lawrence Judd (appointed January 2020) - Robert Kenny (appointed May 2018, Chairperson from November 2020) - Kathy Peto (appointed June 2018) ## **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. 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 2024 was £9. Page **31** of **55** Oxford Parent-Infant Project ## **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 using appropriate preventative controls and corrective actions. Trustees are aware of the Charities SORP (revised 2019) 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. Page **32** of **55** Oxford Parent-Infant Project **Financial Review** ## **Financial Overview** OXPIP’s total income for 2023-2024 was £557,770 (2023: £509,734). This represented a 9% increase on 2022-23. Income from donations (unrestricted) was £84,105 (2023: £64,122), an increase of 31%. The 2023-2024 professional training delivery income was £170,022 (2023: £125,143). This represented an increase of 35% and reflects our continued commitment to grow and enhance professional training provision. Total income from OXPIP’s charitable activities (including training) was £438,702 (2023: £427,157) and bank interest income received was £4,876 (2023: £1,747). We continued to attract funding interest and sustain cash reserves in 2023-2024. ## **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. It may take up to three months to complete treatment, so the general reserve should therefore represent at least three months’ worth of expenditure not covered by restricted funds. 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 ensure 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 appropriate. As of 31st March 2024, our general unrestricted reserves amounted to £83,414 (2023: £98,361). The Trustees have complied with the duty in section 17(5) of the Charities Act 2011 and have given due regard to public benefit guidance published by the Charity Commission. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Page **33** of **55** Oxford Parent-Infant Project Approved by the Board of Trustees on 26th September 2024 and signed on their behalf by Robert Kenny (Chairperson) Registered Office Suite J, The Kidlington Centre High Street Kidlington Oxford OX5 2DL Date: 26[th] September 2024 Page **34** of **55** Oxford Parent-Infant Project **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 Parent- Infant Project (the charity) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the trustees of the charity (and 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 The Institute of Chartered Accountants in England and Wales 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: 1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act: or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination: or 4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Page **35** of **55** Oxford Parent-Infant Project 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 to enable a proper understanding of the financial statements to be reached. Caroline Webster FCA UHY Ross Brooke Suite I Windrush Court Abingdon Business Park OX14 1SY Dated XXXXXXXXX Page **36** of **55** tsj P4 fn v hn ij 75 Oxford Parent-Infant Project ## **Balance sheet** ## **AS AT 31 MARCH 2024** |**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**|**2024**
**£**
**£**
3,495
62,439
285,961
348,400
262,375
86,025
89,520
83,414
6,106
89,520|**2023**
**£**
**£**
6,735
81,733
256,802
338,535
242,769
95,766
102,501
98,361
4,140
102,501|**2023**
**£**
**£**
6,735
81,733
256,802
338,535
242,769
95,766
102,501
98,361
4,140
102,501| |---|---|---|---| ||||102,501| ||||98,361
4,140
102,501| 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 2024. 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. Page **38** of **55** Oxford Parent-Infant Project The financial statements were approved by the Trustees on 26 September 2024. Mr R Kenny – Chair of Trustees Ms K. Cox - Treasurer **Trustee Trustee** Company Registration No. 05410167 Page **39** of **55** Oxford Parent-Infant Project ## **Statement of Cash Flows** ## **FOR THE YEAR ENDED 31 MARCH 2024** |**OR THE YEAR ENDED 31 MARCH 2024**||| |---|---|---| |**Notes**
Cash used in operating activities
17
Cash flows from investing activities
Dividends and interest from investments
Purchase of fixed assets
Cash provided by (used in) investing activities
Increase (decrease) in cash and cash equivalents
in the year
Cash and cash equivalents at the beginning of
the year
Total cash and cash equivalents at the end of
the year|**Total**
**2024**
**£**
24,283
4,876
-
29,159
256,802
285,961|**Total**
**2023**
**£**
2,686
1,747
- 1,020| |||3,413
253,389
256,802| Page **40** of **55** Oxford Parent-Infant Project **Notes to the financial statements** ## **FOR THE YEAR ENDED 31 MARCH 2024** ## **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 accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value except for certain investment assets, which are shown at market value as set out below, and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (‘FRS102’), Statement of Recommended Practice: Accounting and Reporting by Charities (Revised 2019) applicable to charities preparing their accounts in accordance with FRS102 (‘Charities SORP (FRS102)’), the Charities Act 2011, and the Companies Act 2006. ## **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 Income** 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 Page **41** of **55** Oxford Parent-Infant Project ## 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 Expenditure** 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. 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 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 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. Page **42** of **55** Oxford Parent-Infant Project ## **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 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. ## **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 Page **43** of **55** Oxford Parent-Infant Project 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 **44** of **55** LO ts cd u) t m ffj ¢7¥ m * ¢>￿t ery J w c rL (L IÉ CJ ) ¢h in r4 In O rrt ¢h CÈ? Lil M O IO m m r* en￿ ¥l f*J trj r*J r*• N c4 r r* M O c• c c ¥e Oxford Parent-Infant Project ## **10. Employees** |Gross pay
Employer's National Insurance
Pension costs|**2024**
**£**
372,360
26,872
16,791
416,023|**2023**
**£**
341,946
25,260
10,457
377,663| |---|---|---| The average number of employees during the year was 15 (2023: 15) No member of staff received benefits over £60,000 (2023: nil) ## **11. Tangible Fixed Assets** |COST
At 1st April 2023
Additions
At 31 March 2024
DEPRECIATION
At 1st April 2023
Charge for the year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023|**Leasehold**
**improvements**
**£**
2,960
-
2,960
2,960
-
2,960
-
-|**Fixtures**
**and fittings**
**£**
5,785
-
5,785
5,785
-
5,785
-
-|**Office**
**equipment**
**£**
48,269
-
48,269
41,534
3,240
44,774
3,495
6,735|**Total**
**£**
57,014
-| |---|---|---|---|---| |||||57,014| |||||50,279
3,240| |||||53,519| |||||-
3,495
6,735| ## **12. Debtors** |Trade debtors
Prepayments
Other debtors|**2024**
**£**
43,356
372
18,711
62,439|**2023**
**£**
80,403
-
1,330
81,733| |---|---|---| Page **49** of **55** Oxford Parent-Infant Project ## **13. Creditors** |Taxation and social security
Trade creditors
Other creditors
Accruals and deferred income|**2024**
**£**
8,528
6,787
3,667
243,393
262,375|**2023**
**£**
9,450
16,312
-
217,007
242,769| |---|---|---| 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 **50** of **55** gÈig rl) O th * Iri o ¢¥ Ln Ln * fn o r ffj O tyi Iri r Oxford Parent-Infant Project ## **16. Related Party Transactions and Remuneration of key management personnel** ## **Remuneration of key management personnel** ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Aggregate compensation|66,723|53,698| ## **Transactions with related parties** There were no related party transactions in the current year (previous year: none) ## **17. Reconciliation of net movement in funds to net cash flow from operating activities** |Net income/expenditure for the year (as per
the Statement of Financial Activities)
Add back depreciation charge
Investment income
Decrease (increase) in debtors
Increase (decrease) in creditors|**2024**
**£**
- 12,981
3,240
- 4,876
19,294
19,606
24,283|**2023**
**£**
589
6,725
- 1,747
– 71,932
69,051
2,686| |---|---|---| Page **54** of **55** oxpip oxpip.org.uk Registered Charity 1109956 Registered Company 5410167