REGISTERED COMPANY NUMBER: 0774032T (England and Walo•1 REGISTERED CHARITY NUMBER: 1149486 (England and W*lg11 SCOS1814 (Scotland) PANDAS FOUNDATION PAN LIMITED B TEES. REPORT AND ANCIAL TATEMENT NDE 1DEC BER
PANDAS FOUNDATION
| CONTENTS OF THE FINANCIAL STATEMENTS | CONTENTS OF THE FINANCIAL STATEMENTS | |
|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER 2022 | ||
| Page | ||
| Reference and Administrative Detils | ||
| Chajr's Repor | 2 | **to3 ** |
| Trustees' Re�or | 4 | **to6 ** |
| Independent Examiner's Repor | 7 | |
| Statement of Financial Activities | 8 | |
| Statement of Financial Position | 9 | |
| Notes to the Financial Statements | 110 | to15 |
PANDAS FOUNDATION EFERENCE ANO ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES H 8vwley Mrs L Holden Mrs S D Phillips (appointed t3.4.221 Ms A Stuart-MS118 Mrs E Tate Mrs P Thakar Ir•8ign•d 31.12.221 Ms A L Wgrden COMPANY SECRETARY Mts A L Ward8n REGISTERED OFFICE clo The Fort Offic•1 Arts'llery Bu$ine$$ Park O$wlry SY114AD REGISTERED COP•lPANY NUMBER 07740327 IEngl•nd and Wale81 REGISTERED CHARITY NUMBER 1149485 IEnglJnd and W•lg•1 SC051814 {Scollandl INDepENDENT EXAMINER TCA IShr•w8btsryl LLP Thlrd Floor 21 Sl Mary'• Slro•t Shrewsbury Shrop8hire SY1 1ED Page 1
PANDAS FOUNDATION CHAIR'S REPORT OR THE YEAR ENDED 3 DEC are delyhted as Tru$t•e$ of PANDAS lo provide an update on tha progress made by PANDAS Foundation over the last 12 months. We would like to thank the outgoing and Incoming Board ol Trusteey for their support and commthnl, th8 10am have provided solid leadershlp, knowledge, and accountsbility over the layl penod of account. And we look fDrward lo building on these $lron9 found8tion8 for the year lo ojme. Trustee Board methng$ are held quarterly by confèrèncè ¢¥ll however. Trustees aro kept abreast of developments for each department and the foundation by the managernent team on 8 regular and con818tent basis. We ao extremely woud of the progrèss made by PANDAS since its CT8ation In 2010 suppo.ng more than 40,000 p8renl3 to dale. Since our last rewt we have continued lo widen our services, ernbedding our 5ervic&8 into the community and serviced the spectrum of issues of 9UPPOrt wa offer around parental ffjenlal health. In 2022 we hil a record numbar of supplxt, offerlng support lo 10,000 peOe in r8lab.on to their mental hgallh, due lo drferent factors lriggoffjd by the pandemic, that continue lo impact parènt$ from COnPtion through lo birth and beyond. Our reach. and demD9raphlc of audience has hugely expanded, and we hove Seen significant incrga80 in th• ri8e and demand of our 8UPPOrt Sorv$. Our Hgad of Charity conllnuoB lo lead the monagemenl team workitYJ loytlhtr, lirelès8ly with an outcorn8 to reach every pafent who needs us as per our mi88ion stalernent. PANDAS Foundation has continuetj to progre88 its excellent repulallon and responsibility of 118 offering, for parent8 and Ihoir nofv40rk8. Our offering fcf Dad's ha$ rreaSed in 11$ ¢Jemand $Iling in ftjrther recruilmenl for our dad's closed gfOUP. As the lock down restriction• etart to 088e PANDAS have boon abl• 10 80ft re open Jt8 group 8UPPOrt. whlch 18 a welcome relief to those familie8 within Ihe communities we #erve as a face-tQ-faoe offerlno of 8UPPOrt. We rem8in the leadlng '90 - to, charlty for eXrt opinion and 4¢Jvlce from media outlo18, Inrjuding Broadc881, radio and print, and regularly oonlrlbule to research sludleB, collaborate with other organi8ation8 and chariti•8 to ensure we ar? malnlaining our reach and learning best prath'ce from olh¥f provider$. Dutr lo demand fer our oervSce8, we have doubled our rgcruilm•nl capaaly within our helpline and email tearn, lo ensu we have no 9ap$ or people wailing for Bupport which has rgsulled In recfuiling and retainlng a high level of calibre ol volunteer who have fanta8tsc lived. work and acadefflic 8xperienc8 to meet the needs of gvery parent, carer or nrk w• 8UPPCrt. We Continue to offer the best possibl8 training and development lor our management 18am and volunteers ensudng th¢y are lully equipped and confident in their peer Support, whi181 supervised under our rigorous egfeguardlng repealed and updated training 8ach year. We al80 Biffj lo develop our exi8ting strategy of reaching every community with full inclu5 of race, di8ability and gen¢Jer ensuring we are working with other organisakn'on8 whts can support our signpo8ling and e¢lucalion of these groups. have creatively d8v8Iop8d muth'ple InMe 8tr&4m8 over the past year, despite the pandemic and c081 of INing, which is le¥limony lo the support we ar¢ off8ring on a nationwide scale. We have strategically focused on wkjer fundraising stréams such as our new 'Dropping the struggl8 cour, which i¥ a paid PANDAS product available lo people who wqnt to learn more about perinatal menial health and leam coping mechanisms Thi8 has been hugely wpular, and we have ensured that we have been ablo lo r818e enough incume lo offer I option ot funding some limi18d places for parents vtho are on low incornes. We have 41$0 gained our firsl major corporate partner. inlemational healthcare brand'Huggi88' who hav• agreed significant Sponsorship lo fund a new service that we plan to launth next year, to ensure we are providing support in every possible communulion channel. Our fundraising and donors, and succas8 of our gf8nl applicatK)n$ has ensuffjd that we have remained sustainad, m8int8ined 8nd developed our Services. We have pai¢J attenth'on lo our making and updating lo ensure we are responsible and string8nt on every policy that may affect our external user and our intern81 gmployee or volunteer. This Induded our new wellbeing policy for our biggest asset, our volunteers lo gnsure that our volunteers are invested in. looked after and supported. Page 2
PANDAS FOUNDATION CHAIR'S REPORT EAR ENDED 31 DECEMBE Our Strategic focus for the 2023 pariod 11 be to cffits'nue to expand our financial incom8, whilst still operating on a modest inc(yn8. mainlalning plans lo devebp our gfant stratagy. to Ènsu th81 we don't just cover the costs of core co8ts, but w8 able to develop and amplify our ¢1"be9 offering to the people we support avj develop tha tst we ha on board. plan to inv881 into our training and re8ourco8 for all our team8 arKI thelr 8upport services and look At area8 for snIfIcant, supporb've devolopmenl and expansion. Wg also an on devgloplng our employment 88818lance programme to educate, up8kill and widen thè knowlèdge of rIn01 Thntal health and impacts this may hav within the wthplace, alon98ide 8 Workshop for employers to be able to support their employee8 who may be impacted by perinatal mental illna88. Wa look forward lo working more closely with our PANDAS team8 and other organisations in the comlng y•ar8 to ensure PANDAS goe8 from strength to strength enabllng us lo Support more lamiliès. Page 3
PANDAS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present their report and th8 ungudited financial stslements of the charty for the year ended 31 D8c8mb8r 2022. The trijstees have adoptsd the provisions of the Slalemenl of Recomm8nd8d Practice ISORPI "Accounting and Reporting by Charitie$ {FRS 1021 In pwparing the 8nnu81 port and fin8nty$l statentS of the charrty. The financial statements have been prepared in aeeordaneè with th• actsjunling poli)e8 sel out In notes lo the aount$ and comply with the charty's goveming document, the Charities Act 2011 and Accounts'ng and Reporting by Charits'e8'. Statement of Recornmond8d Pra¢ts'ca applicable to th8ribes preparing Ihelr accounts In accordance wth the Finanoal Reporting Standard applicable in the UK and Republic ol Irebnd publishe(l ¢)n 16 July 2014 las amended by Update Bulletin 1 published on 2 February 20161. Trustoes ol th• ch•rlty The director8 of the charitable company are Its tru8leè8 lor thè purpo888 of charfty law. The trustoe8 who have seNed dunno the year and 8inGe tho year end ar• sel out on pag• 1 OBJECTIVES AND ACTIVITies OblKtlv•• and *lm• Ag 8laled in the Article8 of As8ocialion, the oblective• for whkh PANDAS 18 estatAighed for the public benefit aro,. To promote and protect the good health of people aff•¢t•d by pre and p08tn81¥l Illne•8eJ, In partlcular bul not oxdusiv•ly by.. o Providing Support. a8918lancè and informatlon dlreclly or Indiredly to people thct¢d by 8nd postnatal illne88e6'. o Furthering and building pr• and po8tnatal Illne88 awarene88, education and research.. o Promoting effectiv8 care, invofvemenl and 8UPPOrt for people affected by pre and postnatal illne8588. PANOAS Foundglion has 5 aim8, all provldlng a variety of Support mechanism8 for larni11•8 vAth pra and poBlnalal illne8Be8. 11 Offerfng five a¥81b1¢ $upport channels which Indivlduale. famllle8 and c8rer8 can le, th the aim ol rgcaiving a reply within 72 hours for everyone who may be affected by p8rinatBI m8nlal h8ath 21 Provldlng a website that provldeB infornialion on depre$sive Illn88$88 and how lo help 31 Co4rdinating Support Group8 for indwiduals. familleg and cqrer8 lo allend to help with their r8covery', 4) Offering an online communrty for IndividuAI8, famllie8 8nd carer8 to receive 8UPPOrt from others at any limo. 51 Offering trained and education Int¢rn¥lty ¥nd extemally to people and their families, student5. professionals and organisalions lo upskill them on their kno59d96 around PMH and lo inlorm their workplaco 8tralegie8 going forward wth PANDAS ¥p¢aking evenl$ 4nd HR toolkit. Publlc b•n•fft All of the abov8 activities have b¥¥n undertaken wlth reference to the Charity Commission guidance on publi 4nefll. STRATEGIC REPORT Achievement and r10Mlane8 See the Chair's Report pages 2 - 3 Page 4
PANOAS FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 STRATEGIC REPORT Financial revi•w Fln•nclal pojltlon The charity had income of £247.490 ctynpared lo £165,897 In the prior year, resutting from a greater level of Grant Income received in the year. Expenditur& increased from £162,912 in the prlor year lo £221,636. following the re¢ruilmenl of new staff and the introduction of the text 8UPPOrt service. R•g•N8• poIIcy The charitable company has no restrict•d fvnds and £150,275 of unre81ricted funds of whith £93.200 have been designated for future projects. Al the year end the free r820Nes ol thè charity were Iherelore £57.07512021.. £88,421) rapresenting unfe8tricled lund$ le89 dljnIted funds. Six rnonlhs of runnlng co8t8 have b8fjn deBignated in the event of a decline in income. The truBlee¥ are aware of the naed to 8n8ure gn 8ppropri¥lo level of reg8Th0 1$ held to 8UPPOrt the charity into tha futur¥. Golng concom After making appropriate enquiri&s t Trutle•$ havo a 450ndble expectation that the charitable company ha$ odequale re8our¢eg lo continue in operational existence for the foresegabFg future, For this re880n they ccfjlinue to adopt the going concarn ba818 in Pren9 the finncSal $tlèment8. Prln¢lp•l rl$k• and uncort•lntl•• The Iru81eeB assess the mglor risk6 to vthich the charitabl& company 18 exposed on an ongoing basis, In particular tho8& related lo the eperalion8 and finances of the charitsble company. They are 8ali8fiod that Jy8tems are In lo mrtigale. wh?rev•r possible, thdr exposure to thoje ri8k8. Futurg plan# The board plan lo continue to work doydy with our PANDAS team8 and othar organi591ion$ In the coming y•arn to en8ure PANOAS go88 from 8lrength to glrength •nablSng u8 to 8LlPPOrt more familiej. STRUCTURE, QOVERNANCE AND MANAGEMENT Gov•rnlng document PANDAS Foundation is a d)aritable company Iirniled by guarantee incofporotod on 15th Augugl 2011,Th• Company was established under a Memorandum of As80ciation which established the objectives and powers of the chgrit8bl• Company and is govemed under 119 Artidea of Association. The liabilily of members 18 limited and in the event of the charitable company bging wound up members may be required to contributè an amount not gxcee<ling ten pounds. The Director5 of the tharitable company are its Tru•toe$ for the purpose of chartty law and throughout this report ara CollectilY refvrred lo a8 the Tru8lees. Rocrultm•nt and appalntm•nt of n•w tru•tsos The management of the chantable company 1$ th* ro$ponsibility of the tru8tee8 who are elected and co-OPt8d under the lem8 of the ArtScle8 of A88ocialion. In accordance wth the Ath'des of Association at the Annual General Meeting lo b& held every yèar onè third of th• 808rd, or if their number 18 not three or a multiple of thre8. thè number nearest lo one-third, shall retire from office. M8rnb8rs may offer theM1ve5 for re-election. The members of the Board to reti shall be Ih08e who have been longest in office nce their la$¢ ele¢ts'on or appoinlmenl. Organlbatlon•l 8tructurn The organisatK)n 19 governèd by rt5 Memorandurn and Articles of Association. Thg Tru8t88s making up the Board are drawn from the community $&rved by th¢ oryani?alion, The Trustees have no pecuniary interest in the company and gfve their services voluntsriw. Page 5
PANDAS FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of PANDAS Foundation for the purposes of ·company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of ·Ireland".
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 26th September 202 3 and signed on the board's behalf by:
Page6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PANDAS FOUNDATION Indèpend•nt oxamin•ts rnport to the tvu•t••8 of PANDAS Foundallon (Yh• Company. I port to the charty trustees on my eXaMinatn of the accounts of the C¢)mpany for the year ended 31 December 2022. Rèspon$lbiliti08 and basls of rgport As the charity's tTU$tee$ of the Company land also directo for the purp)8es of company lawl you are responsible for the preparatn of the accounts in accoan wrth the requirements of the Companies Aet 2006 I'lhe 20C6 ACYI and the Charits and Trustee Investrnent IScolLgndl Act 2005 and the Charrbes Accounts (Scollandl Regulations 2006. The eharity IFuslees consKJer that the audrt requirement of Regulalh)n 1011118110 Icl of Ihe Accounts RegulalM)ns (knes not aFpty. Having satisfEd mysell that thè Wiunts of the C(Nnpar)y are not required lo bo audrtod under Part 16 of the 20C6 Act and are eligible lor in¢Jependent examinatson, I rep)rt in rfr$pt of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Acl'l and under section 4411 Ilc} of the Charities and Trustee Inveslmenl Iscouandl Act 2005. In carrying out my examinatn I have followed the Dirgclions gwen by thè Charty Commission under SKty"on 145(S1 Ibl of the Charits"g8 Acl 2011 and in accordance with RegulatKn 11 of Ihe Charitbes Accounts {ScotLindl Regulalh)ns 20C6. Ind•p•nd•nt •x•mln•rfo 8t•t•m•nt I have completed my examinsbon. I confim) that no matters have come to my attention in connacthin wrth th8 examin8th1n giving me cause to belwe.. accounting records wer¢ not képl In respect of the Company as required by Section 386 of the 2006 Act and Section 44{1 Ila) of the 2005 Act and RegulalK)n 4 of the 20C6 Accounts RegUlatn8.. or tho accounts do not accord with those records". the accounts do not comply wrth the a¢¢¢unbng requirements ol Sectiorb 396 of the 20C6 Act and Regykln 8 01 the 20C6 Accounts RegulatK)ns other than any rw4uirement that thg accounts give a true end fair view which is not a matter condera a8 part of an independgnt examination., or the accounts have not been prepared in accordonce wrth the method$ and principles of the Stalemenl of Recommended Practsce for accounb.ng an¢J mporting by charities (applicable to charit$ preparing their accounts in accordance with the Financial Rep.n9 standa appkable in tho UK and Republic of Ireland IFRS 10211. I have no concerns and have come acro no other mtr? in cannln with the examinatson 10 which attenlh)n should be drawn in this rewrt in ordor to enable a Proper understanding of the accounts lo be reached. C moen-Ill0ffls FCA Bsc TCA Ishrewsburyi LLP Third Floor 21 Sl Mary's Street Shrewsbury Shropshire SY1 1ED Date.. 26 5(L4 2023 Page 7
PANDAS FOUNDATION STATEMENT OF FINANCIAL ACTfviTIES INCORPORATING AN INCOME AND EXPENDITURE ACC FOR THE YEAR ENDED 31 DECEMBER 2022 NT 2022 Total lund8 2021 Total funds Unrostrfcted funds Restricted funds Notes INCOME AND E14DOIPIMENT8 FROM Donation8 arKI18gaei88 112,888 10,600 123,288 157,870 Charltsbl• •ctlvltlo• G&n•r41 124,100 124,100 8,000 Inve8tment InMe 102 102 27 Tgtsl 247 490 185.897 EXPENDITURE ON Charltablo •ell¥ltla• General 211 036 221836 162912 NET INCOME 25,854 25.854 2,985 RecoNCILIATION OF FUNDS Total fundB brought fonyard 124,421 124.421 121.438 TOTAL FUNDS CARRIED FORWARD 150,275 150275 124421 COPITINUINQ OPERATIONS All Income and expènditure has arisen from ntinuIng 4clivrtlu, Th• not•$ form part of th•se fjnanaal 8t•lements Page 8
PANDAS FOUNDATION (REGISTERED NUMBER: 07740327}
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2022
| Unrestricted Restricted funds funds Notes £ £ CURRENT ASSETS Cash at bank 152,711 CREDITORS Amounts falling due within one year 7 (2,436) NET CURRENT ASSETS 150,275 TOTAL ASSETS LESS CURRENT LIABILITIES 150,275 NET ASSETS 150,275 FUNDS 8 Unrestricted funds TOTAL FUNDS |
2022 2021 Total Total funds funds £ £ 152,711 126,341 (2,436) (1,920) 150,275 124,421 150,275 124,421 150,275 124,421 150,275 124,421 150,275 124,421 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26th September 2023 and were signed on its behalf by:
The notes form part of these financial statements
Page 9
PANDA NDATION NOTES TO THE FINANCIAL STATEMENTS NDED BER2 22 ACCOUNTING POLICIES 81•l of pr•p•rlng th• flnanci•l •tatom•nt• The Iinancial statements of the thariiable company, whth ia a public ben•fft •nlity thd•r FRS 102. h6 b•en prepar8d in accordance wlh the Char((I•8 SORP IFRS 1021 'A¢unting and Reporbng by ChAiitia8'. Stslement of Recommended Pra¢b¢e •pplicable to charitie• prgpariryj their accy)unts in ccordance wrth the FinancJal Reporting Standard applicab In Ihe UK and Republic of Ireland IFRS 1021 leffeciwe 1 January 20191,, Financial R•wting Standard 102 'The Finantyal Reporting Standard applicabl• in tha UK and Republic of IrelarKf and t CINnp•nKii 2006. The finan¢kql slat•menl$ have b8•n w•p•reO untter the historK•l o)8t ¢tyw•nllon. Fln4n¢l•l rnportlno •t•ndard 102- r•duc•d dlKlo•ur• •x•mptfion• Th• charitabl8 company has taken ad¥aniag• of th• foll¢Ming di%l08ur• •x•mptioni in preparing th8Ve fingno818tal•m¢nt8, pemiitted ty FRS 102 Th• Fin•nci•l Reporting Stand•rd •pptubla in the UK and Rapublio of Ir•Lgnd': th• reqUirentS of Sects'on 7 Statem•nt of Ch FITh., tr• requirgmenl of p8r8gr8ph 3 17ldl,' Iha f8quirnmerlsol paragr8ph$ 11.42, 11.44, 11.45, 11,47, 11.481•)Ilill. 17.4814111¥1, 11.48lbl and 11.48lcl-. the requireffntB of paragraphs 12.28. 12.27, 12.291•1, 12.29lbl and 12.29A,' th• r•qmOnt of ragraph 33.7. Incom• AJI incom• IB r•Cogni1 In Stsl•menl of Fin•ncl•l Act1vll¥ onc• th• charily h•$ èntlllemenl ts tho fund•, il li pTobabki th1 tho incom& will bB received and th• AMnI b• m•4•ured reliably. Exp•ndlturo Lwbilrtig• are racogni8ed a8 expendUre 98 loon a8 th•r•18 a l•g81 or wn8tructive ob1WOn comrnitbrvj the charity to that expenditure, rt is probabl• that a tr4nifw of econom b•Mfrt8 will be required in 98tt18ment and th• amount of the obligatKsn Con b• m•asur•d rellAbly Expenditure i• KrUnted lor on 4ccrualB ba8lB ind ha8 been dassified under h&dino8 Ih•t aggregate all c081 r•lat•d to the tegOry. er• co$1$ cannot b8 directly attribvt•d lo p8rttul4r h••ding• th•y hav• b••n ollorated lo actNrfI'es on ba•1• congi8tenl wrth tha uso of f•Jourc•B. T•x•tbon The ch¥rity 18 exempl from cupornlion tsx on ill ch4nt•W• KOvrfl•i. Fund •ccountlng unStrICted funds can bo us•d in a¢crydan(x with th• thwt•bkn Objecti at th• disuotion ol lh• tfUiteeJ. Re•lricted funds can only be used lor part1#r rn•tn"cted wrpoJe¥ vhthin the objects of the d)arity. R•8lnclJon8 anw when $rufieL1 by the IOr or when fvnd• ar• r•i•ed for particuLar r•strict•d purposes. Furtttor exp14nabon of the rwture •rJ pJrpoM of •ach (und 18 Iluded In tho note• to the fi'nancial •tsterrnnts. Golng conc•rn fin•n¢i¥l ststements have teen popad on a 90ing Cer basis 98 tha t(u$tees b?1¥8 that no materK•l tsncertainlies exsst. Thè trust••s hav• ¢onJid¢rgd the level of lunds held and the expected level of incoTh and 8xpendf(ure for 12 months from authorising tha88 financial glalements Th6 budgeted Incom• an¢J •xp•rrtlitur• is sufficient vdith lavel of reJ•rve• for the charity lo be able to ¢ontinue as a goirvd eorwn Page 10
PANDAS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - contlnu FOR THE YEAR ENDEO 31 DECEMBER 2022 ACCOUMTING POLICIES - contlnu•d Cash at bank and In hand Cash 81 bank and in hand indudes cash and short-term highly liquid investments with a short maturity of three months or1088 from tho date ol acqul8lllon or oponing of the deposit or 8imSlar COUnt. Flnancial Instruments The charity only has financial asaets and finanoal liabilities of a kind that qualfy as basic fin8ncAal instruments. Basic financlal instruments are initially recognised al Iran3actlon value and sub8equenlly measured at their 88ttlemenl valu8. INVESTMeNT INGOME 2022 2021 D•po8it account intere81 102 27 INDEPENDENT EXAMINERS. REhlUPIERATIOM The Independent Examin8r8 r8mun•ration amount• to an lTrJewnd8nl Ex8mino1ion fe8 01 £1,38012021.' £1,320) TRUSTEES. REMUNERATION ANO 8ENEFIT8 Trn were no Iru81e8B' remuneration or other bengffts for tho year onded 31 tlec•mber 2022 nor for the year endad 31 D8c8mber 2021. Tru•tw•' •xpon•o• Tru8te?8 exp•noe$ of £nll were relmbur8ed ftr the year ended 31 December 2022 {2021,. £nill STAFF COSTS 2022 2021 Wag8B and 8alad88 178 128 114625 178 128 The average monthly number of employees during the year was as follows.. 2022 2021 Charitabl• acNttI•8 No emF4oyee8 recelved emolument8 in excess of £60,000. Po9911 nwnued...
PANDAS FOUNDATION NOTES TO THE FINANCIAL STA TEMENTS - contlnuod FOR THE YEAR ENDED 31 DECEMBER 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund$ Total fvnds INCOME AND ENDOWMENTS FROM Donation8 and legacie5 157.870 157,870 Charltabl• a¢tiviti•• General 8,000 8.000 Inv88bn8nt Income 27 27 Total 185897 165 897 EXPENDITURE ON Charft•ble •ct+viti•i General 182 912 NET INCOME Tin•f•rn b•t*•n fund8 2.985 2,985 N•t movom•nt In fund• 7,985 15,0001 2,985 RECONCILIATION OF FUND8 Total fundi brought forward 1 fO,436 5,000 121,436 TOTAL FUND8 CARRIED FORWARD 124421 124 421 CREDITOR8: AMOUNT8 FALLING DUE WITHIN ONE YEAR 2022 2021 Other credltcn MOVEMENT IN FUNDS N•1 mov&ment in funds Tran¥f•rs btheen fuThJs At 31.12.22 Al 1.1.22 Unrnstrlct•d lund• General fund Continuty fuTr 68,421 56 000 25,854 137,2001 57.075 TOTAL FUNDS 124 421 150275 Page 12 continued...
PANDAS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continu•d FOR THE YEAR ENDED 31 DECEMBER 2022 P•lOVEMENT IN FUNOS- ¢ontinu•d Net movamanl in funds, included In the above ar8 as follows.. Incomlng re$ource8 Re80ur¢e8 gxponded Movement in lund8 Unro•trlct•d funds General fund 236,690 1211,036) 25,854 Rmtrlctsd fundB Helpline Support Group 10.000 800 110,0001 10800 TOTAL FUNDS 247.490 2216361 Comparntlvm for mov•m•nt In fund¥ Ngt movaffjenl In funda Tran•hr8 betson lund8 Al 31.12.21 A11.1.21 Unmtrlct•d fund• Ggner81 fund Website fund Continulty fvnd Infra¥lruotttro fund Training fund 27,436 18,000 58.000 5,000 35,985 118,000) 5,000 68,421 58,000 15.0001 116.438 2,985 5.000 124.421 Rmtrlctod fund• Reslricied 5.DJO 15,0001 TOTAL FUNDS 121436 124 421 Comparatrvo rlet rTh)vement In fund$, Included in the abova are as follow8: Inc¢)mif re8ource$ Resourc•s •xpand•d Movem•nl in fvndy Unr••trlctod fund• Gon8ral fvnd Website lund Infrastructure fund Training fund 165,897 1129,9121 (18,0001 15,0001 10000 35,985 {18,0001 15.0001 10 0001 165 897 162,912 TOTAL FUNDS 165 897 162.9121 Page 13 continued...
PANDAS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continu•d FOR THE YEAR ENDED 31 OECEMBER 2022 10VEMENT IN FU14DS - continu•d A Current year 12 months and prior year 12 month8 combined pogkv)n 18 a8 lollow8-. Net movgmenl in fund8 Transfers bae&n fund8 A11.1.21 31.12.22 Unr•strlct•d fund¥ G•n&ral fund Website fund Continuity fund Infrastructure fund Tralnbng fund 27,438 18,000 S6,000 5,000 10,000 81,839 118,0001 132,200} 57,075 37,200 93,2CQ 15,0001 10,0001 116,436 28,839 5.000 150,275 Re•trlcted fund• Restricted 5.OJO 15,0001 TOTAL FUNDS 121436 28 839 150275 A current year 12 months and prior year 12 monlhty ccynbined nel movement In fund•, Sncluded In th• abovo are a8 fdlow8'. Incomlng re8ource$ Resourc89 expended Movement In fund8 UnmtrlGt•d fund• Gèneral fund W8b811& fund Infra8truthire fund Training fund 402,787 1340,948} {18,000) 15.0001 100001 61,839 118,0001 15,0001 100001 402,787 1373,9481 28,839. RO•t¢t•d funds Helpline SupF#Yt Group 10.000 6CQ 110,0001 10,600 10,6001 TOTAL FUNDS 413.387 384 5481 During the yoar, re8trict8d grant funding of £10.000 was received to support the Charity vAth helpllne cost8 and £600 received for support groups. All r8strict•d income ha$ been spent In fvll during the year, In 2021. it was con$Klered approwiale lo incYe08e the continulty fund to refiecl a 4 month running ¢XJsI for the chgrity. A8 the organisalion continues lo develop, il was considered appropriata to Incr8gs8 Iha continuity Ibnd to more accural8ly rafiect 6 months running ¢0815 for the charity and so this lund has been increased accordbngly. Page 14 contlnued...
PANDAS FOUNOATION NOTE3 TO THE FINANCIAL STATEMENTS - contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2022 RELATED PARTY DISCLOSURES There were no related party tr8n88ctionB for the year 8nded 31 D8cemt•r 2022 (2021.. £nll) Page 15