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2025-03-31-accounts

Report and Financial Statements for the Year Ended 31 March 2025

Contents

Contents ................................................................................................. Error! Bookmark not defined. Reference and Administrative Details of Charity ................................................................................. 4 Introduction from our Chair, Rob Kenny .............................................................................................. 5 Introduction from our CEO, Dr Karen Bateson ..................................................................................... 6 About Us ............................................................................................................................................... 8 Our Objectives ........................................................................................................................... 8 Our Core Values ......................................................................................................................... 9 Our Core Competencies ............................................................................................................. 9 Structure, governance, management and staff .................................................................................. 10 Constitution and Organisation ................................................................................................. 10 Recruitment and Appointment of Trustees ............................................................................. 10 Risk Assessment ....................................................................................................................... 11 Parent Voice ............................................................................................................................. 11 Staff .......................................................................................................................................... 11 Strategic Report .................................................................................................................................. 12 Key Achievements this Year ..................................................................................................... 12 Goal 1: Parent-Infant Psychotherapeutic Services .................................................................. 14 Goal 2: Centre of Excellence .................................................................................................... 23 Goal 3: Training, consultancy and supervision ........................................................................ 24 Goal 4: Developing Organisational Capacity ............................................................................ 28 Financial Review ................................................................................................................................. 30 Funding and Fundraising .......................................................................................................... 30 Trustees Report ........................................................................................................................ 30 Independent examiner's report .......................................................................................................... 32 Responsibilities and basis of report ....................................................................................... 32 Independent examiner's statement ..................................................................................... 32 Statement of financial activities .......................................................................................................... 34 Balance sheet ...................................................................................................................................... 36 Statement of Cash Flows ..................................................................................................................... 38 Notes to the financial statements ...................................................................................................... 39

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Pa8È 3 of 54 Oxford Parent-lnfant Projett IOXPIPI Annual Report and Financial StatÈment 2024-25

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

Robert Kenny (Chair) Anne Burns Karina Cox (Treasurer) Shamus Donald Dr Jessica Gibson Lawrence Judd Kathy Peto

Trustees at year end:

(Susanna Graham-Jones resigned 12 Dec 2024)

CEO: 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

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Introduction from our Chair, Rob Kenny

It is my privilege to report another successful year for OXPIP. Since 2021, OXPIP has almost doubled in scale, not least because of a substantial growth in our training activities. In 2024/25 we trained more people than ever before, thanks in part to a major (albeit one-off) contract with Kent County Council.

Our therapeutic services continued, and in 2024/25 we worked with over 300 parents in Oxfordshire, in 1,348 sessions. We significantly increased the portion of our clients from nonWhite-British ethnicities, which now represent 30% of our parents, compared to 23% for Oxfordshire’s population. This is an important success in reaching families that typically have less access to offers like OXPIP’s.

Our services also continue to be very effective, whether measured by clinical outcome metrics or parent perception. Of our clients, 70% report that therapy was very helpful, and a further 22% say it was quite useful.

The year also saw an important transition. Helen Callaghen, who has been with OXPIP since its foundation, retired after four years as CEO. She has made a huge contribution to the organisation, putting it on a sound financial footing with long term funding, and leading it through major external shocks such as the withdrawal of local government funding and the pandemic. She also has been a passionate champion of our work nationally. The trustees are all extremely grateful to her.

We are fortunate to have a worthy successor to Helen, in Karen Bateson. She is an experienced Consultant Clinical Child Psychologist, and previously held senior roles with the Parent Infant Foundation and the NSPCC. To ensure a smooth transition, Helen and Karen served as co-CEOs for a period. Karen became sole CEO in November 2024, and is already having real impact as we begin the next stage of OXPIP’s evolution.

Helen and Karen have been supported by a capable team of clinical and operations staff who are passionate about their work. This work is sometimes gruelling, but they are absolutely committed to good outcomes for our clients and our trainees. I thank them for all they do to make OXPIP’s ambitions a reality, and most importantly for the difference they make to parents and babies.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Introduction from our CEO, Dr Karen Bateson

Continued success in changing times

Thanks to my predecessor Helen Callaghan and our Board of Trustees, OXPIP has enjoyed recent growth coupled with exciting future potential. Our major donors and grant funders have provided fantastic support, and commissioned training stimulated by the previous government’s Start for Life investment has helped us navigate the financial year. We close the year in a healthy financial position but ever mindful of the continued challenges ahead. The policy landscape is changing and we are excited about the opportunities laid out in the government’s Best Start in Life and NHS 10-year plan proposals. These both acknowledge the importance of the first 1001 days of life and of parent-infant relationships as a foundation for lifelong health and wellbeing.

Celebrating our staff

Whilst some things may change, one thing that won’t is our commitment to our staff. We recruit very highly trained and experienced parent-infant psychotherapists and support them with high-quality clinical supervision and continuing professional development opportunities. We’re very proud of our excellent clinical outcomes and staff retention rate. These contribute to the phenomenal feedback that we receive from parents completing therapy with us, thanks to the compassion and expertise of our therapists.

Our clinicians are supported by the most committed and flexible operations team I’ve had the pleasure of working with. In a small charity, you need to be ready to turn your hand to pretty much anything, and they do that with aplomb.

Looking to the future

In 2025-26, I’ll be working closely with our Trustees to develop a new 2025-2028 strategy and new training development plans. We’re already forging new relationships locally and nationally and rediscovering our campaigning voice after the disruption of the pandemic.

OXPIP hasn’t been immune to the challenges faced by countless small charities across the UK: a tightening funding environment, rising operating costs and increasingly pressurised operating contexts. Unexpected costs of the pandemic and of national workforce trends had strained our finances somewhat, like many other organisations. So, we continue to be incredibly grateful to our funders, supporters and champions, to everyone who has swam, sang, walked, quizzed and run for us this year, to everyone who attended our summer opera night and our spring quiz night, and of course to our dedicated and skilled Board of Trustees.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

"The help I have received from Oxford Parent-lnfant Project has forever changed me. Parts of me have been healed and I've never felt more understood" oxpip Oxford Par.. Infani Pmi6. Pa8È 7 of 54 Oxford Parent-lnfant Projett IOXPIPI Annual Report and Financial StatÈment 2024-25

About Us

Oxford Parent-Infant Project (OXPIP) is a charity founded in 1998 (incorporated in 2005) which

Our Objectives

OXPIP is a registered charity and our objectives, as set out in the Memorandum and Articles of Association are:

To meet these objectives, OXPIP aims to:

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Our Core Values

Our Core Competencies

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Structure, governance, management and staff

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, 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:

One trustee is nominated to lead on safeguarding, another leads on clinical issues, and two others lead on finance, on behalf of the wider board.

Two new trustees were recruited at the end of the 24-25 financial year and were co-opted to the Board in June 2025.

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 up 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 £8.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

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:

Parent Voice

OXPIP are delighted to have recruited their first ex-service user Trustee in 2024-25, who was subsequently co-opted to the Board in June 2025.

Staff

Our twelve employed parent-infant psychotherapists (FTE 5.25) are complemented by four trusted, freelance, specialist therapists. Our professional training courses are delivered by our experienced team of two employed (0.8FTE) and six freelance psychotherapists.

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. All of our current employed therapists and trainers are graduates from OXPIP's Parent-Infant Psychotherapy Diploma.

Working alongside the therapists and trainers is our small but mighty team of leadership, operations and admin staff (2.2 FTE).

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Strategic Report

Key Achievements this Year

Continued excellent clinical outcomes

We take the evaluation of our clinical outcomes with families very seriously. We seek to understand both how families experience the work with us and what they might gain from it. Hence we collect and analyse clinically validated scales and structured qualitative feedback. This year, 94% of parents improved the quality of their relationships with their baby (as measured by the PIRGAS), and 94% parents reported an improvement in their anxiety/depression symptoms (as measured by the PHQ9 and GAD7). As well as these fantastic clinical outcomes, only 5% of appointments were not attended without prior notice, which is often taken as a proxy measure of how well a service can engage its clients.

We’re delighted with these data and feel they reflect the very high calibre of our therapists. We recruit only fully trained and experienced parent-infant psychotherapists and provide them with high-quality internal and external professional development, clinical supervision and safeguarding support. To quote the famous advert, these are not just therapists, these are OXPIP therapists!

Successful delivery of major training contracts

2024-25 saw our largest annual training delivery ever, including our largest single commissioned contract for short courses. In Kent, we delivered over 500 training places on our Attachment and Intersubjectivity (our gateway short course) and Assessing Parent-Infant Relationship (our two-day course blending theory and practice) short course to support Kent’s Start for Life programme.

We’re delighted to report that the evaluation findings from that contract were very good. Over 95% of the participants rated the quality of training, the trainer’s level of knowledge about the topic, and the extent to which the training would inform practice, as either good or very good.

We also delivered training for multiple other commissioners including Cornwall Council, Devon Partnership NHS Trust, Gloucestershire Health and Care NHS Foundation Trust and Birmingham Women’s and Children’s NHS Foundation Trust, with similarly excellent evaluation findings.

Our 18-month Diploma of Parent-Infant Psychotherapy started again in March 2025 and was once again full, and we continue to run a waiting list for our popular 2-year Infant Observation course.

We have strengthened our Equity, Diversity and Inclusion practices

Building on excellent foundations of recent years, this year we have created new opportunities to challenge our own thoughts, feelings and behaviour around equality, diversity and inclusion. This is based on the knowledge that the ways in which we are different from one another can unwittingly distract us from the ways in which we are the same. Bonding with your baby is a universally

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

experienced, viscerally felt human experience for every parent on the planet. However, it is imbued with and shaped by culture, geography, race, religion, social expectation and marginalization, trauma, class, age, sexuality, gender identity, zeitgeist and neurodiversity.

We have been thinking in team meetings, team away days and our journal club about how these aspects affect bonding with a baby, how they affect parents seeking help and engage in therapy, how we behave as therapists, and how we set up the service. This year, thirty percent (30%) of parents referred to OXPIP identified as black, Asian or other non-White/British ethnicities compared to 13% in Oxfordshire as a whole[1] . This demonstrates that we are successfully reaching families of diverse ethnicities.

Deepened our understanding of need

OXPIP has excellent, long-standing relationships with local communities and services so we already have a good understanding of the social, economic and geographical distribution of parent-infant relationship difficulties. In the last year, we’ve used data from the Parent-Infant Foundation, Oxfordshire University Hospitals and Oxfordshire County Council’s Community Profiles to deepen our understanding of the magnitude of need.

At a population level, around fifteen percent (15%) of babies experience a seriously disrupted relationship with their parent-carers. This substantially raises their chances of being removed into care; psychological, behavioural and social difficulties; physical health impacts caused by stress; and developmental delays. A further thirty percent (30%) have less acute but still significant difficulties which disrupt their psychological and social development.

Over 7500 babies are born in Oxfordshire each year. We estimate around 1125 of those new babies will need specialist therapy for significant parent-infant relationship problems, and a further 2500 would benefit from some help to improve their parent-infant relationship. Each year, around 320 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.

This data is important for our strategic and fundraising approaches. Currently OXPIP can only see up to 350 babies, meaning thousands of babies are going without the help they need. OXPIP only has capacity to see families with established parent-infant relationship difficulties. Yet, many of these problems are preventable if caught early and families receive the right information and skilled support early enough. These facts are helping us think about what we can do to help the thousands of families we will never see face-to-face and how to increase our reach.

Our Strategic Plan 2020-2025 provided a clear roadmap for the charity, focusing on four themes:

Goal 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.

1 https://data.oxfordshire.gov.uk/wp-

content/uploads/2025/02/WitneyCentral_CommunityProfile_Data.pdf

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Goal 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.

Goal 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.

Goal 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.

Goal 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.”

Overview

We want every baby to have the best start in life so we focus on building and strengthening the relationship between them. Our therapeutic work 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 minute for the first eighteen months, this is a critical window of opportunity to address any early difficulties.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

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Figure reproduced
with permission
from the Parent-
Infant Foundation
Commissioning Toolkit (2023) ©Parent-Infant Foundation
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The evidence for improving parent-infant relationships is strong

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:

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.

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.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

A review of international evidence published in 2022[2] 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:

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[3] ,[4] .

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.

2 The Evidence Base for Psychoanalytic and Psychodynamic Interventions with Children Under 5 Years of Age and their Caregivers: A Systematic Review and Meta-Analysis.

3 Social Impact Report: Parent and baby wellness (2017).

4 Benefits-Costs Results (2022) Washington State Institute of Public Policy

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Our Referrals Co-ordinator:

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 strengths-based, 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 parents.

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[5,6] and Watch Wait and Wonder[7] . Individual parent-infant psychotherapy sessions with

5 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.

6 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).

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

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

parent(s) and baby are offered for a 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.

Referrals Received 2024-25

Between 1st April 2024 and 31st March 2025 OXPIP received 275 referrals. This is almost 100 fewer than 23-24. We believe this might be related mainly to three factors:

We closed most of our waiting lists from June-August to manage longer than usual waits, but referrals recovered to expected rates shortly after. This suggests that it wasn’t the waiting list closure per se that reduced subsequent referrals but the long wait times in the period preceding it.

Referral sources 2024-25

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

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OXPIP referrals 2024-25 by source
4%
8%
29% Self referred
NHS
Saplings
Other
59%
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Referrals received from NHS sources comprise

Referral numbers by month 2023-24 & 2024-25

----- Start of picture text -----
Referrals in by month 2023-24 2024-5
50
45
40
35
30
25
20
15
10
5
0
2024-25 2023-24
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**Referrals closed in all locations except Banbury during June-August 2024

Number of families seen

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Between 1st April 2024 and 31st March 2025, 303 OXPIP parents received a service, this number includes those parents who were already receiving therapy at the start of this period.

OXPIP offered 1754 therapy sessions of which 1348 (77%) were attended, 325 (19%) were cancelled before the session and 81 (5%) were not attended.

Additionally, the OXPIP Referral Coordinator provided 330 interim sessions (2023-4: 575, 2022-23: 247) with parents on our waiting list during the period between the referral being accepted and the therapy starting.

This means we offered 2084 session in total, equating to 7.57 sessions per referral (2023-24; 7.38 sessions per referral).

Demographics of parents

Parents are asked to say what their ethnicity, disability status and gender are on our consent form.

During 2024-25, we improved our reach to parents of non-British and/or non-white ethnic heritages. Seventy-percent (70%) identified as White British and 30% from other ethnicities (Oxfordshire as a whole is 23%). Research shows that families from ethnic heritages face additional pressures, challenges and barriers in accessing appropriate health and support. As a result, they are more likely to experience the adversities and traumas which put additional pressure on the developing parentinfant relationship. Hence, it is important we do more to reach non-White-British families and we are proud to see that our recent efforts in this regard have been effective.

The disability status of parents is self-reported on the consent form at the point of entry to the service. In 2024-2025, 4% of OXPIP’s client’s informed us that they have a disability.

Of the 249 referred parent who declared their gender 87% were female, 12% were male and 1% were nonbinary.

Clinical Outcomes

Every parent we see is asked to complete validated clinical scales at the start and end of therapy, and occasionally at a mid-point. We use validated and internationally recommended clinical outcome measures with all families:

Most parents start OXPIP therapy with moderate to high levels of anxiety and/or depression but at the end of therapy, most parents report no or low symptoms.

As a whole group, 94% of parents reported reduced symptoms of anxiety and/or depression using PHQ9/GAD7.

As a group, 94% of families were rated as having improved the strength of their parent-Infant

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

relationship measured on the Parent-Infant Relationship Global Assessment Scale.

Parental feedback at completion of therapy

All parents completing therapy are encouraged to complete a structured feedback form, and many provide narrative feedback. You can find real quotes from parents throughout this report, including these below:

“The non-judgemental support and guidance with areas that I was struggling with such as eye contact, communication with my baby. I am now able to do those things and actually enjoy them. The help I have received from OXPIP has forever changed me. Parts of me have been healed and I've never felt more understood”.

“OXPIP gave me insight and factual evidence as to how memories from childhood can affect me to this day. Me and my son’s relationship has completely turned around and I feel I understand him and myself a lot more. He in turn has new found affections and a trust in me we just did not have before. I thank OXPIP from the bottom of my heart for enabling me and my son to live our best possible lives together”.

“OXPIP has beyond supported me with a range of anxieties and emotions leading up towards the birth of our first child, who was conceived via IVF after trying for 6 years. Without OXPIP, I don't feel I would be as prepared and excited as I now am at 36 weeks”.

“OXPIP has helped me work through some fears and deeply personal feelings about a range of challenging things in my life, both past and present. I now feel more confident about becoming a mother, going from being a couple to a family of three, bonding with our baby, and building strong foundations for their wellbeing and development”.

“My husband also found it beneficial coming to a session with me, he really opened up and our communication has improved”.

“The antenatal sessions have been so valuable in understanding both parent and infant psychological development and best practices. The wealth of information is just amazing and has all contributed to my confidence and wellbeing. I have relaxed so much during pregnancy since receiving this support and feel very privileged. It is a shame that not every woman in the UK or even the world receives this level of care, support and knowledge. I am so grateful. Thank you OXPIP! :)”.

“It gave me a safe space to express the difficult and upsetting feelings I experienced after the birth of my baby. It has helped me identify some ways I was reacting that we're not helpful. It has given me space to explore my relationship with my baby. It has given me reassurance when I needed it the most. Thank you for your help, this service is so precious and valuable!”

“Since I started my OXPIP sessions have noticed so many improvements in both my confidence in myself, and my parenting. - I have been able to talk through my tough childhood and understand the ways it has affected my adult life and my parenting. - I have gone from being upset and angry about my childhood to accepting what happened and being able to move on from it. - I now understand how my behaviour was affecting my children and was able to talk through this and make changes to improve my parenting. - My confidence in myself has improved so much, I’m doing things I never thought I would be able to do, such as join the school’s PTA, make friends with other parents and take

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

----- Start of picture text -----
my children
to groups and
activities. I’ve been
able to talk
through my
difficult
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relationship with my extended family, and actually repair some of those relationships, something I never thought was possible. Overall, my relationship with my children is the best it’s ever been. I feel so much more connected to my children and am so thankful to OXPIP for everything they have done”.

“When we started our sessions, I was struggling with Post natal depression after a traumatic birth. I felt unable to connect with her at all, was struggling to work out what she needed from me. At best she felt like someone else's baby, at the worst times she felt completely alien to me. The sessions with OXPIP helped me to work through the trauma and issues that predated her birth and supported me. What helped the most was having an hour a week where the focus was on my relationship with my baby and helping me to connect with her. After a couple of months my relationship with my baby turned a corner and interactions are no longer difficult and mechanical but rather joyful and relatively easy. It is very reassuring to know that, while we hope everything will continue to improve, there is a safety net in case things take a turn for the worse again”.

----- Start of picture text -----
Post Therapy Parent Evaluation - I
found the service offered by OXPIP:
8%
Was very helpful
22%
Was quite useful
70% Was useful in some ways
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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

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 parent families. We ensure ongoing quality delivery of our Parent-Infant Therapy service through:

Goal 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. ”

Local influencing

This year, OXPIP has been an active partner in the development of the local birth trauma pathway and a key member of the new Oxfordshire Early Years Strategy Board. Alongside a wide range of public and voluntary sector partners, the Board has produced a new Early Years county-wide strategy in which parent-infant relationships are given a strong focus. We look forward to continuing to work with Board members to oversee the implementation of the new strategy over the next few years. The strategy aspires to improve the health and happiness of all pre-school children in Oxfordshire through improved access to play and family support services, workforce training, increased focus on speech, language and communication, strengthened co-production with local families, and new initiatives to support parent-infant relationships.

National Influencing

OXPIP continues to be a national thought-leader in the parent-infant relationships sector and champion psychodynamically-informed practice. At a national level, our CEO Karen Bateson was elected as a member of the First 1001 Days Movement Steering Group, a collaborative effort of over 150 charities and professional bodies focused on the emotional wellbeing and development of babies

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

from pregnancy through their first two years of life. Karen joins national experts and parent-voice representatives to campaign for policy change and investment in early years.

In early 2025, Karen joined the James Lind Alliance steering group of the NIHR-funded project to establish a national Early Years research network. This multi-year project, led by Dr Jane Barlow and Dr Michael Fanner at the University of Oxford, will facilitate new relationships between academics and service providers, and identify early years research priorities.

To further influence service development, OXPIP has presented at three national and one regional early years conferences this year, and to three delegations of local councilors though a partnership with the Local Government Association.

We were delighted to host the CEO of the Royal Foundation, Christian Guy, in June 2024. Christian sat in to observe our Saplings antenatal group and met with clinicians Katie Bailey and Catherine O’Keefe to hear about our work with families. In February 2025, our Head of Training and Senior Therapist Jo Chapman met HRH Prince Edward during his visit to The Branch in Chipping Norton.

Shaping Service Development

New this year, OXPIP began offering clinical, service development and strategic consultancy to a range of partners including the Parent-Infant Foundation, NSPCC and the Royal Foundation. This is an area of growth for OXPIP.

Innovative models of collaborative working

This year has also seen continued innovation in our partnership with the Sunshine Centre in Banbury. OXPIP therapists, midwifery and Sunshine Centre colleagues launched a new therapeutic postnatal group as a follow-on to the successful Saplings antenatal group. This is an incredibly important continuation of support across the transition to parenthood, promoting sensitive and attuned parentinfant relationships and building trust with local postnatal services.

We continue to value very highly our ongoing relationships with community venues and services, which include The Branch (Chipping Norton), The Carousel Centre (Abingdon), The Berin Centre (Berinsfield), The Red Kite Centre (Thame) and Flo ’ s in the Park (Oxford Centre).

Goal 3: Training, consultancy and supervision

Our goal is “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”.

Overview

OXPIP has a national and international reputation for offering high quality, psychodynamically and psychoanalytically informed parent-infant relationship training.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

As one of the main providers of psychoanalytical/psychodynamic parent-infant training in the UK, OXPIP delivers Association for Psychodynamic Practice and Counselling in Organisational Settings (APPCIOS) approved programmes.

Our training is focused on supporting professionals to improve their understanding of parent-infant relationships, including parental and infant mental health, and to apply this enhanced understanding in their work.

We are committed to helping develop the parent-infant workforce of tomorrow. Over the past months, we have developed a training pathway to help delegates understand how to navigate through our levels of increasingly specialist practice. This helps practitioners devise a programme of professional development tailored to their individual needs. Working titles for each element of the pathway are as follows: ‘Understanding the Core Principles of the Parent-Infant Relationship’, ‘Working with the Parent-Infant Relationship’, and ‘Advancing Your Practice’.

Training delivery 2024-25

In 2024-25, we offered:

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Infant Observation (IO) Course

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 pre-requisite for our ParentInfant Psychotherapy Diploma. Our IO trainees are capped at 5 members and we consistently run at full capacity.

In 24-25, two trainees completed their IO programme, replaced in immediate succession by two new trainees. There is currently a waiting list as the next space is not available until Autumn 2026.

Diploma in Psychodynamic Parent-Infant Psychotherapy 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 Psychotherapy, incorporating both teaching and clinical placements with individual and group supervision. In March 2025, the previous cohort of eight trainees completed the clinical aspect of their Diploma, and a new cohort of seven trainees began the 2025-26 programme.

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. It runs concurrently with our Diploma. Our 2024-25 cohort of APIP students completed their training in March 2025, and a new cohort of four started.

Short Training Courses

In 2024-2025, OXPIP’s programme of specialist one and two-day courses was 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. We continue to revisit and update our courses, to keep their content relevant and accessible to attendees.

Short course Number of attendees 2024-25

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Attachment and Intersubjectivity: the impact
parents and babies have on each other (1-day)		 271 (of which 235 from Kent County
Council commissioned contract)
Assessing Parent-Infant Relationships (2-days) 361 (of which 271from Kent County Council
commissioned contract)
An Introduction to Watch, Wait and Wonder
(1-day)		 73
Ghosts in the Nursery: the intergenerational
impact of trauma		 34
Parent-Infant Groups 15

We collect quantitative and qualitative feedback about our short courses.

In 2024-25, quantitative data revealed that over 97 per cent of respondents rated the short courses as either ‘good’ or ‘very good.’

Themes emerging from participants’ qualitative feedback were:

OXPIP Public Lecture Series and External Presentations

In 2024-25, Dr Chrissie Jayarajah, Consultant Perinatal Psychiatrist and Clinical Lead of Perinatal Services at CNWL in London, presented OXPIP’s online lecture to 40 participants on the theme of perinatal OCD.

OXPIP’s senior therapist, Katie Bailey, has twice presented a seminar on ‘Building Relationships in the Antenatal Period’ – initially, at the invitation of the Parent Infant Foundation to over 100 participants. In December, the same seminar attracted a further 44 participants.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Katie has also delivered a free seminar Home-Start Oxford, attended by 11 participants, as part of our partnership-work in Banbury.

Training Development

Our training offer is constantly being reviewed and developed. In addition to our new antenatal webinar, we have also updated various of our short courses, in particular Assessing Parent-Infant Relationships, Attachment and Intersubjectivity, and Intergenerational Trauma: the impact of ghosts and angels in the nursery on the parent-infant relationship (previously known as ‘Ghosts in the Nursery).’

We have significant plans to further expand our training offer. As part of this, we have conducted two surveys in the last 6 months about what training practitioners would like OXPIP to develop next. Responses are currently being analysed and will inform our training development plan.

Consultancy and supervision

OXPIP is commissioned through several bodies to deliver specialist supervision and service development consultancy for a variety of organisations across the UK.

This aligns with our charitable object to 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.

In 2024-25, OXPIP staff provided paid consultancy to Parent-Infant Foundation and NSPCC, supervision to clinicians in Bradford and Norwich, and presented at conferences for Reducing the Risk, the Local Government Association, National Children’s Bureau (Northen Ireland), NSPCC and Cambridgeshire & Peterborough NHS Foundation Trust.

In 2025-26, we will increase this area of our work.

Goal 4: Developing Organisational Capacity

Our goal is “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”.

This year, OXPIP said goodbye to Helen Callaghan who has been part of OXPIPs evolution for over two decades. Helen retired at the end of October, leaving a strong legacy of clinical excellence. Helen had steered us through the choppy waters of the pandemic to see us emerge stronger and more adaptable. We wish her a relaxing and enjoyable retirement to enjoy her (currently) five grandchildren.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

With the pandemic learning in mind, we have focussed on building organisational resiliency over the last year, with the formalisation of a new Senior Leadership Team. This comprises Karen Bateson (CEO), Gisele Mendonca (newly in post as Head of Clinical Services), Jo Chapman (Head of Training) and Lizi Potter (Operations Manager, currently on maternity leave so covered by Pip Dingle). This is supported by strengthening of some operations processes and a number of new policies, including business continuation and emergency planning. We commissioned Orbits IT as our new IT support provider who have supported us with various cost-reviews and improvements in out IT arrangements.

Going forwards, we will be investing further in our staff through Continuing Professional Development (CPD) budgets and in-house CPD events.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Financial Review

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 our quiz night, the New Chamber Opera picnic, 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 2024-2025, including:

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).

Financial Overview

OXPIP’s total income for 2024-2025 was £632,409 (2024: £557,770). This represented a 13% increase on 2023-2024.

Income from donations (unrestricted) was £38,280 (2024: £84,105), a decrease of 54%. This reflects that 2023-24 was a bumper year for us as we celebrated our 25[th] anniversary with a celebratory dinner and auction.

Total income from OXPIP’s charitable activities (including training) was £582,843 (2024: £438,702), a 33% increase on last year. Bank interest income received was £4,905 (2024: £4,876).

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

We continued to attract funding interest and sustained cash reserves in 2024-2025.

Reserves Policy

OXPIP makes commitments to the parents 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 three months’ worth of expenditure not covered by restricted funds. Given this, at current levels of activity the Trustees believe target reserves should be £150,000 representing three months of expenditure. 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 2025, our general unrestricted reserves amounted to £115, 992 (2024: £83,414).

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.

Approved by the Board of Trustees on 18[th] September 2025 and signed on their behalf by

Robert Kenny (Chairperson)

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

Date: 18th September 2025

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

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 2025.

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).

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

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 1[st] October 2025

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Statement of financial activities

INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

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 gains / - losses on
investments
Net income / -expenditure
Transfers between funds
Net movement in funds
Reconciliation of
funds:
Total funds brought forwards
Total funds carried forward		 Unrestricted
Funds
£
38,280
326,489
4,905
6,381
376,055
34,970
258,337
293,307
- 2,906
82,748
- 47,264
32,578
83,414
115,992		 Restricted
Funds
£
-
256,354
-
-
256,354
-
298,031
298,031
-
- 41,677
47,264
5,587
6,106
11,693		 Total
2025
£
38,280
582,843
4,905
6,381
632,409
34,970
556,368
591,338
- 2,906
41,071
-
38,165
89,520
127,685		 Unrestricted
Funds
£
84,105
186,379
4,876
30,087
305,447
50,920
219,498
270,418
-
35,029
- 49,976
- 14,947
98,361
83,414		 Restricted
Funds
£
-
252,323
-
-
252,323
20
300,313
300,333
-
- 48,010
49,976
1,966
4,140
6,106		 Total
2024
£
84,105
438,702
4,876
30,087
557,770
50,940
519,811
570,751
-
- 12,981
-
- 12,981
102,501
89,520

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

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 (OXPIP) Annual Report and Financial Statement 2024-25

Balance sheet

AS AT 31 MARCH 2025

Notes
FIXED ASSETS
Tangible Assets
11
Fixed Asset Investments
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS:Amounts falling due within
one year
14
NET CURRENT ASSETS

NET ASSETS

FUNDS
INCOME FUNDS
Unrestricted Income funds
15
Restricted Income funds
16

TOTAL INCOME FUNDS		 2025
£
£
3,784
104,977
11,728
206,526
218,254
199,330
18,924
127,685
115,992
11,693
127,685		 2024
£
£
3,495
-
62,439
285,961
348,400
262,375
86,025
89,520
83,414
6,106
89,520		 2024
£
£
3,495
-
62,439
285,961
348,400
262,375
86,025
89,520
83,414
6,106
89,520
89,520
83,414
6,106
89,520

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 2025.

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.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

The financial statements were approved by the Trustees on 18 September 2025.

Mr R Kenny – Chair of Trustees Ms K. Cox - Treasurer Trustee Trustee Company Registration No. 05410167

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Statement of Cash Flows

FOR THE YEAR ENDED 31 MARCH 2025

OR THE YEAR ENDED 31 MARCH 2025
Notes
Cash flows from operating activities
17
Cash flows from investing activities
Dividends and interest from investments
Proceeds from the sale of fixed assets
Purchase of fixed assets (investments)
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
2025
£
28,247
4,905
- 4,704
- 107,883
- 79,435
285,961
206,526		 Total
2024
£
24,283
4,876
-
-
29,159
256,802
285,961

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Notes to the financial statements

FOR THE YEAR ENDED 31 MARCH 2025

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 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.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

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.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

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 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.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

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.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

3. Donations and Legacies

Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
2025 2024
£ £ £ £ £ £
Donations and gifts 38,280 - 38,280 84,105 - 84,105
38,280 - 38,280 84,105 - 84,105
4. Income from Charitable Activities
Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
2025 2024
£ £ £ £ £ £
Income from charitable activities 326,489 256,354 582,843 186,379 252,323 438,702
326,489 256,354 582,843 186,379 252,323 438,702
Analysed by
Parent Infant Therapy 50,769 256,354 307,123 16,357 252,323 268,680
Training and raising awareness 275,720 - 275,720 170,022 - 170,022
326,489 256,354 582,843 186,379 252,323 438,702

5. Investments

Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
2025 2025 2024 2024
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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Bank Interest
6. Other Trading Activities
Fundraising events		 £
4,905
4,905
Unrestricted
2025
£
6,381		 £
-
-
Restricted
£
-		 £
4,905
4,905
Total Funds
2025
£
6,381		 £
4,876
4,876
Unrestricted
2024
£
30,087		 £
-
-
Restricted
£
-		 £
4,876
4,876
Total Funds
2024
£
30,087

7. Expenditure on Raising Funds

Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
2025 2024 - 2024
£ £ £ £ £ £
Staging fundraising events 3,050 - 3,050 17,318 - 17,318
Freelance costs - - - - - -
Other fundraising costs 501 - 501 364 20 384
Staff costs 20,199 - 20,199 21,410 - 21,410
Support costs - - - - - -
Telephone and internet 80 - 80 375 - 375
Professional fees 2,536 - 2,536 2,254 - 2,254
Insurance 515 - 515 470 - 470
Office costs 74 - 74 255 - 255
IT 5,994 - 5,994 6,437 - 6,437
Provision of training - - - 688 - 688

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

928
1,093
34,970		 -
-
-		 928
1,093
34,970		 547
802
50,920		 -
-
20		 547
802
50,940

8. Expenditure on Charitable Activities

Staff costs
Freelance costs
Rent, rates, utility and other premise costs
IT
Provision of training
Office costs
Telephone and internet
Professional fees
Depreciation and impairment
Governance costs
Support costs
Analysis by fund
Unrestricted Funds
Restricted Funds		 Parent Infant
Therapy
£
290,576
9,411
16,733
166
- 30
31
-
790
2,469
11,159
65,768
397,073
99,042
298,031
397,073		 Training and
raising
awareness
£
85,067
-
-
2,919
44,158
84
-
-
609
3,720
22,738
159,295
159,295
-
159,295		 Total Funds
2025
£
375,643
9,411
16,733
3,085
44,128
115
-
790
3,078
14,879
88,506
556,368
258,337
298,031
556,368		 Parent Infant
Therapy
£
262,491
11,475
18,617
71
1,681
189
-
531
1,811
11,709
70,472
379,047
78,734
300,313
379,047		 Training and
raising
awareness
£
71,063
981
-
2,763
37,216
51
-
-
447
3,903
24,340
140,764
140,764
-
140,764		 Total Funds
2024
£
333,554
12,456
18,617
2,834
38,897
240
-
531
2,258
15,612
94,812
519,811
219,498
300,313
519,811

Page 45 of 54

Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Page 46 of 54

Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

9. Governance and Support Costs

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
£
855
10,304
11,159
50,527
15,241
65,768		 Training and
raising
awareness
£
285
3,435
3,720
17,469
5,269
22,738		 Total Funds
2025
£
1,140
13,739
14,879
67,996
20,510
88,506		 Parent Infant
Therapy
£
855
10,854
11,709
54,725
15,747
70,472		 Training and
raising
awareness
£
285
3,618
3,903
18,901
5,439
24,340		 Total Funds
2024
£
1,140
14,472
15,612
73,626
21,186
94,812

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 £1,272 to the charity (2024 £2,270)

Page 47 of 54

Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

10. Employees

Gross pay
Employer's National Insurance
Pension costs		 2025
£
395,803
30,362
23,543
449,708		 2024
£
372,360
26,872
16,791
416,023

The average number of employees during the year was 15, the same as in 2024. No member of staff received benefits over £60,000 (2024: nil)

11. Tangible Fixed Assets

Leasehold
improvements		 Fixtures
and fittings		 Office
equipment		 Total
£ £ £ £
COST
At 1 April 2025 2,960 5,785 48,269 57,014
Additions - - 4,704 4,704
At 31 March 2025 2,960 5,785 52,973 61,718
DEPRECIATION
At 1 April 2025 2,960 5,785 44,774 53,519
Charge for the year - - 4,415 4,415
At 31 March 2025 2,960 5,785 49,189 57,934
NET BOOK VALUE -
At 31 March 2025 - - 3,784 3,784
At 31 March 2024 - - 3,495 3,495

12. Investments

12. Investments
2025 2024
£ £
At 1 April 2025 - -
Additions 107,883 -
Revaluation - 2,906 -
At 31 March 2025 104,977 -

Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Page 48 of 54

13. Debtors

13. Debtors
Trade debtors
Prepayments
Other debtors		 2025
£
10,057
-
1,671
11,728		 2024
£
43,356
372
18,711
62,439

14. Creditors

14. Creditors
Taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
8,660
10,086
3,982
176,602
199,330		 2024
£
8,528
6,787
3,667
243,393
262,375

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 49 of 54

Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

15. Unrestricted Income Funds

Other Unrestricted Funds
Previous year
Other Unrestricted Funds		 Balance at 1
April 2024
£
83,414
83,414
Balance at 1
April 2023
£
98,361
98,361		 Income
£
376,056
376,056
Income
£
305,447
305,447		 Expenditure
£
- 293,308
- 293,308
Expenditure
£
- 270,418
- 270,418

Revaluations
£
- 2,906
- 2,906
Revaluations
£
-
-

Transfers
£
- 47,264		 Balance at
31 March
2025
£
115,992
115,992
Balance at
31 March
2024
£
83,414
83,414		 Balance at
31 March
2025
£
115,992
- 47,264 115,992
Transfers
£
- 49,976
- 49,976

Previous year

The income funds of the charity did not include any designated funds at the year end.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

16. Restricted funds

16. Restricted funds
National Lottery Community Fund
Tudor
Private Donor #003
Oxfordshire Community Foundation
Trusthouse Charitable Trust
Private Donor #004
Carterton Town Council
Abingdon Well Together
Partnerships Income		 Balance at 1
April 2024
£
-
6,106
-
-
-
-
-
-
-
6,106		 Income
£
110,256
-
100,000
5,417
3,750
20,000
2,000
7,431
7,500
256,354		 Expenditure
£
- 137,608
-
- 106,365
- 3,650
- 10,138
- 26,041
- 2,621
- 3,631
- 7,977
- 298,031		 Revaluations
£
-
-
-
-
-
-
-
-
-
-		 Transfers
£
27,372
-
6,365
-
6,388
6,041
621
-
477
47,264		 Balance at
31 March
2025
£
20
6,106
-
1,767
-
-
-
3,800
-
11,693

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 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.

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

Restricted funds (continued)

Previous year:

Previous year:
National Lottery Community Fund
Tudor
Private Donor #003
Oxfordshire Community Foundation
Trusthouse Charitable Trust
Private Donor #004
Shanly Foundation
Souter Charitable Trust		 Balance at 1
April 2023
£
-
4,140
-
-
-
-
-
-
4,140		 Income
£
88,253
10,207
99,600
14,263
15,000
20,000
2,000
3,000
252,323		 Expenditure
£
- 110,032
- 8,241
- 109,165
- 15,139
- 21,643
- 31,451
- 1,865
- 2,797
- 300,333		 Transfers
£
21,779
-
9,565
876
6,643
11,451
- 135
- 203
49,976		 Balance at
31 March
2024
£
-
6,106
-
-
-
-
-
-
6,106

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

Page 52 of 54

Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

17. Related Party Transactions and Remuneration of key management personnel

Remuneration of key management personnel

2025 2024
£ £
Aggregate compensation 90,955 66,723

Transactions with related parties

There were no related party transactions in the current year (previous year: none)

18. Reconciliation of net movement to net cash flows from operating activities

Net income/expenditure for the year (as per
the Statement of Financial Activities)
Add back depreciation charge
Investment income
Loss on disposal of fixed assets
Decrease (increase) in stock
Decrease (increase) in debtors
Increase (decrease) in creditors
Analysis of net assets between funds
Fixed assets
Cash and current investments
Other current assets / liabilities
Prior year
Fixed assets
Cash and current investments
Other current assets / liabilities		 2025
£
41,070
4,416
- 4,905
-
-
50,711
- 63,045
28,247
Unrestricted
£
3,784
194,834
- 187,602
11,016
Unrestricted
£
3,495
279,855
- 199,936
83,414		 2024
£
- 12,981
3,240
- 4,876
-
-
19,294
19,606
24,283
Restricted
£
-
11,692
-
11,692
Restricted
£
-
6,106
-
6,106		 Total Funds
2025
£
3,784
206,526
- 187,602
22,708
Total Funds
2024
£
3,495
285,961
- 199,936
89,520

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Oxford Parent-Infant Project (OXPIP) Annual Report and Financial Statement 2024-25

oxpip oxpip.org.uk Registered Charity 1109956 Registered Company 5410167